154

Ind AS Standalone Balance Sheet

As at march 31, 2023

(` in Lakhs)
Particulars Notes As at As at
March 31, 2023 March 31, 2022
I ASSETS
Non-Current Assets
Property, Plant and Equipment 3 9,189.64 8,038.66
Right-of-use Asset 3 1,823.75 1,278.40
Capital Work in Progress 4 - -
Other Intangible Assets 5 5.04 11.89
Financial Assets
- Investments 6 19,296.26 19,333.17
- Other Financial Assets 7(i) 356.51 417.51
Deferred Tax Assets (Net) 8 - 170.96
Other Non Current Assets 9 3,045.42 4,226.60
Total Non-Current Assets 33,716.62 33,477.19

Current Assets
Financial Assets
- Trade Receivables 10 1,631.54 1,419.10
- Cash and cash equivalents 11 5,750.57 5,724.47
- Other Financial Assets 7(ii) 22,430.41 8,808.80
Other Current Assets 12 600.16 692.82
Total Current Assets 30,412.68 16,645.19

Assets Classified as Held for Sale

Investments 13 237.16 -
Total Assets Classified as Held for Sale 237.16 -

TOTAL ASSETS 64,366.46 50,122.38

II EQUITY AND LIABILITIES

Equity
Equity Share Capital 14 2,084.41 2,080.81
Other Equity 15 48,417.97 35,977.99
Total Equity 50,502.38 38,058.80

Liabilities
Non-Current Liabilities
Financial Liabilities
- Borrowings 16(i) 831.53 1,660.70
- Lease Liability 17(i) 1,401.31 830.23
Deferred Tax Liabilities (Net) 8 7.69 -
Provisions 21(i) 347.74 185.63
Total Non-Current Liabilities 2,588.27 2,676.56

Current Liabilities
Financial liabilities
- Borrowings 16(ii) 829.18 834.44
- Lease Liability 17(ii) 564.86 561.27
- Trade Payables 18
Total Outstanding dues of micro enterprises and small enterprises - -
 Total Outstanding dues of creditors other than micro enterprises 31.49 -
and small enterprises
- Other Financial Liabilities 19 966.26 2,051.92
Other Current Liabilities 20 925.21 622.51
Provisions 21(ii) 7,958.81 5,316.88
Total Current Liabilities 11,275.81 9,387.02

TOTAL EQUITY AND LIABILITIES 64,366.46 50,122.38

Notes Forming Part of IND AS Standalone Financial Statements 1-45

As per our attached report of even date. For and on Behalf of Board of Directors
For and on Behalf of
KKC & Associates LLP
Chartered Accountants
(formerly Khimji Kunverji & Co LLP) Anand Rathi Rakesh Rawal
Registration No.:105146W/W100621 Chairman and Non-Executive Director Whole-time Director and CEO
DIN : 00112853 DIN : 02839168
Devang Doshi Nitesh Tanwar Rajesh Bhutara
Partner Company Secretary Chief Financial Officer
Membership No: 140056
Mumbai
Date: April 12, 2023

Anand Rathi Wealth Limited

155 Corporate Overview Statutory Reports Financial Statements

Ind AS Standalone Statement of Profit and Loss

For the year ended March 31, 2023

(` in Lakhs)
Particulars Notes For the year ended For the year ended
March 31, 2023 March 31, 2022
I Revenue From Operations 22 52,997.04 40,365.50
II Other Income 23 767.12 529.36
Total Income 53,764.16 40,894.86

III Expenses:
Employee Benefit Expenses 24 23,533.03 18,700.18
Finance Cost 25 389.86 200.98
Depreciation and Amortisation Expenses 3&5 1,155.18 1,073.10
Other Expenses 26 6,059.77 4,325.15
Total Expenses 31,137.84 24,299.41

IV Profit Before Tax 22,626.32 16,595.45

V Tax Expenses: 27
1. Current Tax 5,597.34 4,031.50
2. Prior Year Taxes 31.97 12.72
3. Deferred Tax 178.65 6.40
Total Tax Expenses 5,807.96 4,050.62

VI Profit for the year 16,818.36 12,544.83

VII Other Comprehensive Income/(loss)

(A) (i) Items that will be reclassified subsequently to profit or loss (17.80) (9.31)
Exchange difference on translation from functional
currency to presentation currency
(ii) Income tax relating to items that will be reclassified to 4.48 2.34
profit or loss
(B) (i) Items that will not be reclassified to Profit or Loss
Remeasurements of the defined employee benefit plans (82.28) 21.23
(ii) Income tax relating to items that will not be reclassified 20.71 (5.34)
to profit or loss

Total Other comprehensive Income/(Loss) (74.89) 8.92

TOTAL COMPREHENSIVE INCOME FOR THE YEAR 16,743.47 12,553.75

VIII Earnings Per Equity Share of Face Value of ` 5 each 31

(Refer Note 31)
Basic 40.36 30.18
Diluted 40.18 30.05
Notes Forming Part of IND AS Standalone Financial Statements 1-45

As per our attached report of even date. For and on Behalf of Board of Directors
For and on Behalf of
KKC & Associates LLP
Chartered Accountants
(formerly Khimji Kunverji & Co LLP) Anand Rathi Rakesh Rawal
Registration No.:105146W/W100621 Chairman and Non-Executive Director Whole-time Director and CEO
DIN : 00112853 DIN : 02839168
Devang Doshi Nitesh Tanwar Rajesh Bhutara
Partner Company Secretary Chief Financial Officer
Membership No: 140056
Mumbai
Date: April 12, 2023

Annual Report 2022-2023

 156

Ind AS Standalone Cash Flow Statement

For the year ended on March 31, 2023

(` in Lakhs)
Particulars For the year ended For the year ended
March 31, 2023 March 31, 2022
A. CASH FLOW FROM OPERATING ACTIVITIES
NET PROFIT BEFORE TAX 22,626.32 16,595.45
Add / (Less) :
Depreciation & Amortisation 1,155.18 1,073.10
Interest Income (540.65) (196.78)
Finance Costs 389.86 200.98
Gain on Sale of Investments (17.92) (257.45)
Net Fair Value (Gain)/Loss on Financial instruments (372.27) (14.59)
Dividend - (0.82)
Stock Compensation Expenses 282.21 291.02
(Gain) or Loss on Sale of Fixed Assets/Asset written off - 4.20
Gratuity 167.19 205.02
Leave 62.36 89.26
1,125.96 1,393.94

OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES 23,752.28 17,989.39

Adjustment for :
Decrease/(Increase) in Other Financial Assets (9,602.04) (841.81)
Decrease/(Increase) in Trade Receivables (212.45) (418.16)
Decrease/(Increase) in Other Current Assets 92.65 (555.82)
(Decrease)/Increase in Trade Payables 31.49 (16.50)
(Decrease)/Increase in Other Financial Liabilities (1,082.86) 2,594.27
(Decrease)/Increase in Provisions 2,478.90 3,185.37
(Decrease)/Increase in Other Current Liabilities 302.70 (289.36)
(7,991.61) 3,657.99

CASH GENERATED FROM OPERATIONS 15,760.67 21,647.38

Add / ( Less) :
Direct Taxes Paid (Net) (4,882.73) (6,949.21)
NET CASH (USED IN) FROM OPERATING ACTIVITIES 10,877.94 14,698.17

B. CASH FLOW FROM INVESTING ACTIVITIES :

Purchase of Property Plant and Equipment (1,660.99) (1,512.97)
Proceeds from Sale of Property Plant and Equipment - 14.08
Dividend received - 0.82
Interest Received 522.02 110.36
Security Deposit (Given)/Received (9.75) (632.39)
Payments to acquire Investments (389,000.00) (259,305.16)
Proceeds on sale of Investments 389,017.92 259,686.84
Capital Advance 455.32 (320.32)
Bank Deposits placed (3,758.17) (5,904.72)
NET CASH (USED IN)/ FROM INVESTING ACTIVITIES (4,433.65) (7,863.46)

Anand Rathi Wealth Limited

157 Corporate Overview Statutory Reports Financial Statements

Ind AS Standalone Cash Flow Statement

For the year ended on March 31, 2023 (Contd.)

(` in Lakhs)
Particulars For the year ended For the year ended
March 31, 2023 March 31, 2022
C. CASH FLOW FROM FINANCING ACTIVITIES :
Repayment of Borrowings (834.43) (840.85)
Interest paid (221.95) (324.66)
Issue of Shares 3.59 11.53
Dividends paid (4,585.71) (2,774.41)
Repayment of Lease liabilities (779.69) (963.74)

NET CASH (USED IN)/ FROM FINANCING ACTIVITIES (6,418.19) (4,892.13)

NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS 26.10 1,942.58

CASH AND CASH EQUIVALENTS - Opening Balance 5,724.47 3,781.89

CASH AND CASH EQUIVALENTS - Closing Balance 5,750.57 5,724.47

Details of Cash and Cash equivalents at the end of the year

Particulars For the year ended For the year ended

March 31, 2023 March 31, 2022
- Cash in Hand 4.08 7.53
- Balance in Current Account 5,746.49 716.94
- Balance in Deposit Account (Maturity less than 3 Months) - 5,000.00
Total 5,750.57 5,724.47

Cash Flow Statement has been prepared under the Indirect Method as set out in Ind AS-7 Statement of Cash flows.

As per our attached report of even date. For and on Behalf of Board of Directors

For and on Behalf of

KKC & Associates LLP
Chartered Accountants
(formerly Khimji Kunverji & Co LLP) Anand Rathi Rakesh Rawal
Registration No.:105146W/W100621 Chairman and Non-Executive Director Whole-time Director and CEO
DIN : 00112853 DIN : 02839168

Devang Doshi Nitesh Tanwar Rajesh Bhutara

Partner Company Secretary Chief Financial Officer
Membership No: 140056
Mumbai
Date: April 12, 2023

Annual Report 2022-2023