Arohan Financial Services Limited | Annual Report 2021-22

Financials | 149 Annual Report | 2021-2022 Arohan Financial Services Limited Cash Flow Statement for the year ended 31 March, 2022 (All amounts in ` lakhs unless otherwise stated) Year ended 31 March 2022 Year ended 31 March 2021 (A) Cash flows from operating activities Profit/ (loss) before tax 8,294.10 (21,779.33) Adjustments to reconcile profit before tax to net cash flows: Depreciation and amortization 586.07 668.52 Interest on lease liability 53.09 71.35 Impairment on financial instruments 13,566.80 50,386.29 Interest income on unwinding of assigned portfolio (352.92) (3,094.19) Adjustment of loan to ESOP trust (24.31) - Expense on employee stock option scheme 454.69 334.54 Effective interest rate adjustment for financial instruments (*) (2,310.11) 2,618.82 Unwinding impact on security deposit 0.34 0.06 Operating profit before working capital changes 20,267.75 29,206.06 Working capital adjustments (Increase)/ decrease in assets Loans 8,003.80 (9,647.58) Trade receivables (86.92) 386.59 Other bank balances (16,122.96) (4,083.83) Other financial assets 862.65 4,203.40 Other non-financial assets 614.67 (525.40) Increase/ (decrease) in liabilities Others financial liabilities (2,911.19) (2,110.84) Provisions 87.77 199.42 Other non-financial liabilities (173.13) 236.68 Cash generated from operating activities 10,542.44 17,864.50 Income taxes paid (net of refunds) (4,204.80) (6,491.93) Net cash generated from operating activities (A) 6,337.64 11,372.57 (B) Cash flows from investing activities Purchase of property, plant and equipment (97.76) (136.30) Purchase of intangible assets and intangible assets under development (76.68) (109.55) Proceeds from sale of property, plant and equipment 2.63 34.47 Proceeds from sale of intangible assets - 9.73 Net cash used in investing activities (B) (171.81) (201.65) (C) Cash flows from financing activities (*) Proceeds from issue of equity shares including premium 122.17 16,813.29 Share issue expenses - (358.73) Proceeds from debt securities - 97,197.11 Repayment of debt securities (69,977.67) - Proceeds from borrowings (other than debt securities) 4,67,025.59 4,16,449.73 Repayment of borrowings (other than debt securities) (4,45,766.13) (4,94,057.02) Proceeds from subordinated liabilities 22,234.60 - Payment of lease liabilities (243.22) (271.86) Net cash generated/ (used in) financing activities (C) (26,604.66) 35,772.52 Net increase/ (decrease) in cash and cash equivalents (A+B+C) (20,438.83) 46,943.44 Cash and cash equivalents as at the beginning of the year 1,15,801.75 68,858.31 Cash and cash equivalents as at the end of the year 95,362.92 1,15,801.75 Components of cash and cash equivalents: [Refer Note 4] Cash on hand 55.57 171.55 Balances and deposits with banks 95,307.35 1,15,630.20 Cash and cash equivalents considered for cash flow 95,362.92 1,15,801.75 (*) Refer Note 19 for reconciliation of liabilities arising from financing activities The above Statement of Cash Flows has been prepared under the ‘Indirect Method’ as set out in Ind AS 7, “Statement of Cash Flows”. This is the Statement of Cash Flows referred to in our report of even date. For M S K A & Associates For and on behalf of the Board of Directors of Chartered Accountants Arohan Financial Services Limited Firm Registration No. 105047W Manoj Kumar N Nambiar Vineet Chandra Rai Tushar Kurani Managing Director Director Partner DIN: 03172919 DIN: 00606290 Membership No. 118580 Place: Kolkata Place: Kolkata Anirudh Singh G Thakur Milind R Nare Company Secretary Chief Financial Officer Place: Kolkata Place: Kolkata Place: Kolkata Date: 11 May 2022 Date: 11 May 2022