| 180 Annual Report | 2023-2024 Financials 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 2024 As at 31 March 2023 Net debt (*) 6,01,584.26 4,53,348.93 Total equity 1,91,475.69 1,33,802.51 Net debt to equity ratio 3.14 3.39 (*) Net debt includes debt securities, borrowings other than debt securities, subordinated liabilities, interest accrued and net off loan processing cost. 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 2024 As at 31 March 2023 Within 12 months After 12 months Within 12 months After 12 months ASSETS Financial assets Cash and cash equivalents 93,896.05 - 55,656.06 - Other bank balance 16,242.17 16,622.90 19,185.18 18,614.91 Trade receivables 225.91 - 1,537.64 - Loans 4,41,774.84 2,19,798.95 3,14,019.96 1,64,201.99 Investments (#) - 9,016.08 - 7,877.00 Other financial assets 4,487.52 128.83 2,671.20 86.12 5,56,626.49 2,45,566.76 3.93,070.04 1,90,780.02 Non-financial assets Current tax assets (Net) 1,198.48 - 4,268.74 - Deferred tax assets (Net) - 5,589.42 4,328.05 7,518.86 Property, Plant and Equipment 248.46 504.02 167.46 363.34 Intangible assets under development 55.13 - 44.06 - Other Intangible assets 120.56 293.75 94.70 120.35 Right to use asset 201.14 535.50 168.97 321.08 Other non-financial assets 451.62 152.73 571.12 - 2,275.39 7,075.42 9,643.10 8,323.63 Total assets 5,58,901.88 2,52,642.18 4,02,713.14 1,99,103.65 Arohan Financial Services Limited Notes to financial statements for the year ended March 31, 2024 (Contd.) (All amounts in ` lakhs unless otherwise stated)
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