| 128 Annual Report | 2023-2024 Financials (*) 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 Tushar Kurani Manoj Kumar N Nambiar Anurag Agrawal Partner Managing Director Director Membership No. 118580 (DIN: 03172919) (DIN: 02385780) Place: Kolkata Place: Kolkata Anirudh Singh G Thakur Milind R Nare Company Secretary Chief Financial Officer Place: Kolkata Place: Kolkata Place: Kolkata Date: May 24, 2024 Date: May 24, 2024 Arohan Financial Services Limited Statement of Cash Flow for the year ended March 31, 2024 (All amounts in ` lakhs unless otherwise stated) Year ended 31 March 2024 Year ended 31 March 2023 (A) Cash flows from operating activities Profit before tax 41,243.30 8,995.36 Adjustments to reconcile profit before tax to net cash flows: Depreciation and amortization 364.27 307.27 Depreciation on right of use assets 204.07 168.97 Interest on lease liability (net) 68.90 45.78 Impairment loss allowance on loans 13,905.31 19,117.55 Impairment loss allowance on security receipts 4,118.10 - Impairment loss allowance on trade receivables (147.44) 147.44 Net gain on derecognition of financial instruments (4,132.58) (3,586.49) Interest income on unwinding of assigned portfolio (948.38) (294.45) Share based payments to employees 515.76 282.76 Effective interest rate adjustment for financial instruments (*) 11,780.91 1,475.82 Unwinding impact on security deposit 0.21 0.21 Operating profit before working capital changes 66,972.43 26,660.22 Working capital adjustments (Increase)/ decrease in assets Loans (1,97,257.15) (1,26,319.57) Trade receivables 1,459.17 (1,484.49) Other financial assets 3,227.54 1,675.25 Other non-financial assets (39.04) 173.19 Increase/ (decrease) in liabilities Others financial liabilities 1,238.90 6,138.36 Provisions (275.33) 17.60 Other non-financial liabilities 2,102.48 178.67 Cash used in operating activities (1,22,571.00) (92,960.77) Income taxes paid (net of refunds) (408.89) 642.79 Net cash used in operating activities (A) (1,22,979.89) (92,317.98) (B) Cash flows from investing activities Purchase of property, plant and equipment (479.02) (301.69) Proceeds from sale of property, plant and equipment 2.25 0.44 Investment in/ proceeds from fixed deposit 4,935.02 (2,427.71) Purchase of investments (5,257.18) (7,872.00) Purchase of intangible assets (286.23) (34.41) Purchase of intangible assets under development (33.27) (46.30) Net cash used in investing activities (B) (1,118.43) (10,681.67) (C) Cash flows from financing activities Proceeds from issue of equity shares (including premium) 9.81 5.65 Proceeds from Issue of compulsorily convertible preference shares (including premium) 26,621.19 24,829.50 Share issue expenses (net) (485.61) (472.47) Proceeds from debt securities (*) 20,538.02 11,462.43 Repayment of debt securities (*) (9,870.00) (9,940.00) Proceeds from borrowings (other than debt securities) (*) 9,14,425.52 6,44,169.00 Repayment of borrowings (other than debt securities) (*) (7,86,139.12) (6,05,544.46) Repayment of subordinated liabilities (*) (2,500.00) (1,000.00) Payment of lease liabilities (261.50) (216.86) Net cash generated from financing activities (C) 1,62,338.31 63,292.79 Net increase/ (decrease) in cash and cash equivalents (A+B+C) 38,239.99 (39,706.86) Cash and cash equivalents as at the beginning of the year 55,656.06 95,362.92 Cash and cash equivalents as at the end of the year 93,896.05 55,656.06 Components of cash and cash equivalents: [Refer Note 4] Cash on hand 24.84 36.05 Bank balances and deposits with banks 93,871.21 55,620.01 Cash and cash equivalents considered for cash flow 93,896.05 55,656.06
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