Financial Year: 2023
Apollo International Limited - Fashion Division - Summary of Financial Statements as of March 31, 2023
Balance Sheet:
Equity and Liabilities: Total equity and liabilities stand at Rs. 18,872.78 Lacs as of March 31, 2023, compared to Rs. 15,344.74 Lacs in the previous year. Reserves and Surplus increased to Rs. 12,944.07 Lacs (Rs. 11,255.68 Lacs in 2022). Non-current liabilities totaled Rs. 140.74 Lacs (Rs. 124.34 Lacs in 2022), consisting of long-term borrowings (Rs. 20.54 Lacs), other long-term liabilities (Rs. 27.26 Lacs), and long-term provisions (Rs. 92.94 Lacs). Current liabilities increased significantly to Rs. 5,787.97 Lacs (Rs. 3,964.72 Lacs in 2022), mainly due to a rise in short-term borrowings to Rs. 3,499.98 Lacs. Trade payables were Rs. 1,928.10 Lacs.
Assets: Total assets also stand at Rs. 18,872.77 Lacs. Non-current assets amounted to Rs. 3,063.91 Lacs (Rs. 2,727.72 Lacs in 2022), primarily consisting of property, plant, and equipment (Rs. 2,505.80 Lacs), non-current investments (Rs. 441.63 Lacs) and long-term loans and advances (Rs 109.34 Lacs). The Head Office account is valued at Rs. 6,262.19 Lacs (Rs. 3,186.50 Lacs in 2022). Current assets totaled Rs. 9,546.67 Lacs (Rs. 9,430.52 Lacs in 2022), with significant portions in inventories (Rs. 4,243.30 Lacs) and trade receivables (Rs. 4,668.25 Lacs). Cash and bank balances were significantly lower at Rs. 123.10 Lacs (Rs. 471.66 Lacs in 2022).
Statement of Profit and Loss:
Notes to the Financial Statements:
In summary, while the company saw an increase in revenue, the rise in expenses, particularly finance costs, significantly impacted the profit before tax, leading to a lower figure than the previous year. The balance sheet reflects growth in both assets and liabilities, with notable changes in short-term borrowings and cash balances.
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