ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Weldflux Engineering

accumulation and withholding the collection of sundry debts. There was a funds-flow of Rs 67.86 crore during the year. The funds were raised through increases in share capital of Rs 3 crore, reserves and surpluses through transfers to reserves from profits Rs 3.29 crore, current liabilities and provisions on account of additions to sundry creditors Rs 14.70 crore, short- term borrowings Rs 20.33 crore and long- term borrowings Rs 13.86 crore. Decreases in cash and bank balances Rs 11.11 crore and miscellaneous current assets Rs 1.57 crore also represented sources of funds during the year. The corporation utilised the funds to increase various assets; fixed assets by Rs 11,71 crore mainly in the form of plant and machinery in the process of installation, inventories of raw materials and stores and spares by Rs 19.80 crore, receivables by a huge Rs 30.55 crore and intangible assets in the form of capitalised expenditure Rs 5.81 crore.

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