Arohan Financial Services Limited | Annual Report 2022-23

173 | Annual Report | 2022-2023 Note 42: Capital management The Company’s capital management objectives are - to ensure the Company’s ability to continue as a going concern - to comply with externally imposed capital requirement and maintain strong credit ratings - to provide an adequate return to shareholders Management assesses the Company’s capital requirements in order to maintain an efficient overall financing structure while avoiding excessive leverage. This takes into account the subordination levels of the Company’s various classes of debt. The Company manages the capital structure and makes adjustments to it in the light of changes in economic conditions and the risk characteristics of the underlying assets. In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares, or sell assets to reduce debt. Particulars As at 31 March 2023 As at 31 March 2022 Net debt 4,53,348.93 4,12,726.14 Total equity 1,33,802.51 1,02,348.09 Net debt to equity ratio 3.39 4.03 Note 43: Maturity analysis of assets and liabilities The table below shows an analysis of assets and liabilities analysed according to when they are expected to be recovered or settled. Particulars As at 31 March 2023 As at 31 March 2022 Within 12 months After 12 months Within 12 months After 12 months ASSETS Financial assets Cash and cash equivalents 55,656.06 - 95,362.92 - Other bank balance 19,185.18 18,614.91 12,643.35 22,729.03 Trade receivables 1,537.64 - 200.59 - Loans 3,14,019.96 1,64,201.99 2,77,074.62 93,945.31 Investments - 7,877.00 - 5.00 Other financial assets 2,712.21 45.11 457.86 89.28 3,93,111.05 1,90,739.01 3,85,739.34 1,16,768.62 Non-financial assets Current tax assets (Net) 4,268.74 - 4,820.31 - Deferred tax assets (Net) 4,328.05 7,518.86 2,574.39 11,199.13 Property, Plant and Equipment 167.46 363.34 135.45 265.26 Intangible assets under development 44.06 - 45.04 - Other Intangible assets 94.70 120.35 125.81 143.66 Right to use asset 168.97 321.08 109.52 283.91 Other non-financial assets 571.12 - 749.01 - 9,643.10 8,323.63 8,559.53 11,891.96 Total assets 4,02,754.15 1,99,062.64 3,94,298.87 1,28,660.58 Arohan Financial Services Limited Summary of significant accounting policies and other explanatory information for the year ended 31 March 2023 (Contd.) (All amounts in ` lakhs unless otherwise stated)