APR Constructions Limited - Saffron Capital
APR Constructions Limited - Saffron Capital
APR Constructions Limited - Saffron Capital
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Investing Activities<br />
Our Company had a positive cash flow from investing activities amounting to ` 43.16 lakhs for the eight months<br />
period ended November 30, 2010. This reflected interest receive of ` 83.42 lakhs, expenditure incurred towards<br />
purchase of fixed assets of ``48. 17 lakhs, share of profit from joint ventures of ` 19.15 lakhs, Investments written off<br />
worth ` 20.00 lakhs. Our Company has received Interest income of ` 83.42 lakhs.<br />
Our net cash used in investing activities was ` 109.63 lakhs in finanacial year 2010. This reflected expenditure<br />
incurred towards purchase of fixed assetsof ` 188.19 lakhs, made investments worth `33.28 lakhs, sale proceeds from<br />
the sale of fixed assets of ` 4.30 lakhs, lease rent on property of ` 7.42 lakhs, share of profit from joint ventures of `<br />
31.09 lakhs. Our Company has received Interest income of ` 288.29 lakhs.<br />
Our Company had negative cash flow from investing activities amounting to ` 2,360.68 lakhs in financial year 2009.<br />
This reflected high expenditure incurred towards purchase of fixed assetsof `2562.37lakhs and made fresh<br />
investments worth ` 26.07 lakhs. We had received ` 24.99 lakhs as share of profit from Joint venture and ` 202.77<br />
lakhs as interest income.<br />
Our Company had negative cash flow from investing activities amounting to ` 520.35 lakhs in financial year 2008.<br />
This reflected expenditure incurred towards purchase of fixed assets of `` 653.33lakhs and made fresh investments<br />
worth ` 12.76 lakhs. We had received ` 12.22 lakhs as share of profit from Joint venture and ` 133.52 lakhs as interest<br />
income.<br />
Financing Activities<br />
Our Company had generated negative cash flow from financing activities amounting to ` 980.70 lakhs for the eight<br />
months period ended November 30, 2010 which can mainly be attributed to payment of interest.<br />
In fiscal 2010, our Company had generated negative cash flow from financing activities amounting to ` 1,977.04<br />
lakhs. Our Company had net borrowings (including mobilisation advances received from clients) of` 682.46 lakhs<br />
and paid interest of ` 1294.58 lakhs.<br />
In fiscal 2009, our net cash from financing activities was ` 4605.24 lakhs. Our Company had net borrowings<br />
(including mobilisation advances received from clients) of ` 5,748.61 lakhs. Our Company paid interest amounting to<br />
` 1,143.37 lakhs.<br />
In fiscal 2008, our net cash from financing activities was ` 1,461.23 lakhs. Our had net borrowings (including<br />
mobilisation advances received from clients) of ` 1911.44 lakhs. Our Company had paid interest of ` 450.16 lakhs.<br />
For further details, please refer to our restated financial statements in the section “Financial Statements” beginning on<br />
page 148 of this Red Herring Prospectus.<br />
FACTORS THAT MAY AFFECT THE RESULTS OF OUR OPERATIONS:<br />
1. Unusual or infrequent events or transactions.<br />
There have been no unusual or infrequent events or transactions that have taken place.<br />
2. Significant economic changes that materially affected or are likely to affect income from continuing<br />
operations.<br />
Government‟s focus on the infrastructure sector will have a major bearing on the companies involved in this<br />
industry. Accordingly, any major changes in the policies of the Government may have an impact on our<br />
operations<br />
Except the above, there are no significant economic changes that may materially affect or likely to affect income<br />
from continuing operations.<br />
178
Change language