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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ksk Power Ventur Plc | LSE:KSK | London | Ordinary Share | IM00B1G29327 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
For the purpose of cash flow statement, cash and cash equivalent comprise:
Consolidated Company ---------------------------- ---------------------------- 30 September 30 September 30 September 30 September 2014 2013 2014 2013 ------------- ------------- ------------- ------------- Cash at banks and on hand 39,189 23,793 1,358 9 Short-term deposits 154,902 185,299 - - ------------- ------------- ------------- ------------- Total 194,091 209,092 1,358 9 Less: Restricted cash(1) (154,902) (185,186) - - ------------- ------------- ------------- ------------- Cash and cash equivalent 39,189 23,906 1,358 9 --------------------------- ------------- ------------- ------------- -------------
(1) Include deposits pledged for availing credit facilities from banks and deposits with maturity term of three months to twelve months.
7. Interest-bearing loans and borrowings
The interest-bearing loans and borrowings comprise of the following:
Final Maturity Consolidated Company --------------- ------------------------- ---------------------------- 30 September 31 March 30 September 31 March 2014 2014 2014 2014 --------------- ------------- ---------- ------------- --------- Long-term "project finance" loans April-28 2,565,974 2,153,328 - - Short-term loans December-15 202,096 230,856 52,059 12,177 Buyers' credit facility September-16 188,419 372,892 48,853 49,851 Cash credit and other working capital facilities September-15 101,024 99,823 - - Redeemable preference shares February-28 11,760 17,591 - - Debentures March-25 43,828 14,186 - - ------------- ---------- ------------- --------- Total 3,113,101 2,888,676 100,912 62,028 ------------------------------ ------------------ ------------- ---------- ------------- ---------
The interest-bearing loans and borrowings mature as follows:
Consolidated Company ----------------------- ---------------------- 30 September 31 March 30 September 31 March 2014 2014 2014 2014 ------------ --------- ------------ -------- Current liabilities Amounts falling due within one year 536,131 944,750 100,912 62,028 Non-current liabilities Amounts falling due after more than one year but not more than five years 920,802 982,475 - - Amounts falling due in more than five years 1,656,168 961,451 - - ------------ --------- ------------ -------- Total 3,113,101 2,888,676 100,912 62,028 --------------------------------------- ------------ --------- ------------ --------
Total debt of US $ 3,113,101 (31 March 2014: US $ 2,888,676) comprised:
-- Long-term "project finance" loans of the Group amounting US $ 2,565,974 (31 March 2014: US $ 2,153,328) is fully secured on the property, plant and equipment and other assets of joint venture and subsidiaries that operate power stations, allied services and by a pledge over the promoter's shareholding in equity and preference capital of some of the joint ventures and subsidiaries.
-- The short term loan taken by the Group is secured by the corporate guarantee provided by the Company, fixed deposits of the Group and by pledge of shares held in the respective entities.
-- Buyer's credit facility is secured against property, plant and equipment and other assets on pari-passu basis, pledge of fixed deposits and corporate guarantee of the Company and KEVL.
-- A number of the facilities that are due to expire at 30 September 2015 are in the process of being extended and have rollover clause in a number of cases.
-- Cash credit and other working capital facilities are fully secured against property, plant and equipment and other assets on pari-passu basis with other lenders of the respective entities availing the loan facilities.
-- Redeemable preference shares are due for repayment in 1-13 year.
-- Debentures are secured on the property, plant and equipment and other assets of subsidiaries that operate power stations, allied services and by a pledge over the promoter's shareholding in equity capital of some of the subsidiaries.
8. Other financial liabilities Consolidated ---------------------- 30 September 31 March 2014 2014 ------------ -------- Current Option premium payable 5,042 5,020 Provision for mark to market loss on derivative instruments - 53 ------------ -------- 5,042 5,073 ------------ -------- Non-Current Option premium payable 24,620 27,148 Provision for mark to market loss on derivative instruments 1,569 1,045 ------------ -------- 26,189 28,193 ------------ -------- Total 31,231 33,266 ------------------------------------------------------- ------------ -------- 9. Segment information
The Group has adopted the "management approach" in identifying the operating segments as outlined in IFRS 8. Management has analysed the information that the chief operating decision maker reviews and concluded on the segment disclosure.
For management purposes, the Group is organised into business units based on their services and has two reportable operating segments as follows:
-- Power generating activities and
-- Project development activities
Management monitors the operating results of its business units separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on operating profit or loss which in certain respects, as explained in the table below, is measured differently from operating profit or loss in the Consolidated financial statements. Group financing (including finance costs and finance income) and income taxes are managed on a Group basis and are not allocated to operating segments. There is only one geographical segment as all the operations and business is carried out in India.
Period ended 30 September 2014 Project Power generating Reconciling Consolidated development activities / Elimination activities activities --------------------------------- ------------- ----------------- --------------- ------------- Revenue External customers 52 175,803 - 175,855 Inter-segment 4,122 - (4,122) - Total revenue 4,174 175,803 (4,122) 175,855 ------------- ----------------- --------------- ------------- Segment operating results 3,253 26,681 (540) 29,394 Unallocated operating expenses, net (770) Finance costs (106,695) Finance income 9,037 ------------- Loss before tax (69,034) Tax income 12,386 -------------
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