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(Formerly Known As Angel Broking Private Limited) Balance Sheet As at June 30, 2018 Amount in Rs

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(Formerly Known As Angel Broking Private Limited) Balance Sheet As at June 30, 2018 Amount in Rs Angel Broking Limited (Formerly Known as Angel Broking Private Limited) Balance Sheet as at June 30, 2018 Amount in Rs. Amount in Rs. Particulars Note As at As at June 30, 2018 March 31, 2018 Equity and liabilities Shareholders' funds Share capital 3 71,99,50,030 71,99,50,030 Reserves and surplus 4 4,03,49,99,455 3,77,96,29,900 Non-current liabilities Long-term borrowings 5 1,04,51,926 1,19,12,179 Long-term provisions 6 3,02,33,812 3,02,29,337 Current liabilities Short-term borrowings 7 7,96,19,95,879 10,63,62,90,902 Trade payables 8 Total outstanding dues of micro and small enterprises; 22,358 - Total outstanding dues of creditors other than micro 5,03,54,51,797 6,15,41,62,781 and small enterprises Other current liabilities 9 1,39,59,10,017 1,38,10,98,714 Short-term provisions 10 1,77,66,657 79,94,234 Total 19,20,67,81,931 22,72,12,68,077 Assets Non-current assets Fixed Assets Property, Plant and equipments 11.1 88,14,29,795 88,38,81,732 Intangible assets 11.2 8,25,32,451 8,75,65,536 Non-current investments 12 94,79,04,737 94,79,05,614 Deferred tax asset (net) 13 3,69,44,787 3,79,10,631 Long-term loans and advances 14 26,56,13,360 25,10,96,689 Other non-current assets 15 2,25,78,366 1,76,43,943 Current assets Trade receivables 16 1,36,79,62,300 1,57,06,35,331 Cash and bank balances 17 7,00,32,03,784 8,75,94,44,978 Short-term loans and advances 18 8,38,08,36,157 9,93,89,07,772 Other current assets 19 21,77,76,194 22,62,75,851 Total 19,20,67,81,931 22,72,12,68,077 Summary of significant accounting policies 2 The accompanying notes are an integral part of the financial statements As per our report of even date For S. R. Batliboi & Co. LLP For and on behalf of the Board of Directors Firm Registration No. : 301003E/E300005 Chartered Accountants per Viren H. Mehta Dinesh Thakkar Vinay Agrawal Partner Managing Director Director Membership No. 048749 DIN : 00004382 DIN : 01773822 Naheed Patel Vineet Agrawal Company Secretary Chief Financial Officer Membership No: ACS22506 Place: Mumbai Place: Mumbai Date: Date: Angel Broking Limited (Formerly Known as Angel Broking Private Limited) Statement of Profit and Loss for the Quarter Ended June 30, 2018 Amount in Rs. Particulars Note Quarter Ended June 30, 2018 Revenue Revenue from operations 20 1,86,83,39,143 Other income 21 10,98,99,502 Total 1,97,82,38,645 Expenses Employee benefits expenses 22 32,69,49,473 Depreciation and amortisation expenses 11.1 & 11.2 2,89,84,045 Finance cost 23 21,13,69,438 Other expenses 24 1,02,08,37,218 Total 1,58,81,40,174 Profit before tax 39,00,98,471 Tax expense - Current tax 13,38,51,870 - Deferred tax 9,65,844 - Taxes for earlier years (88,798) Profit for the quarter 25,53,69,555 Earnings per equity share [Nominal value of Rs. 10 each fully paid] 29 - Basic 3.55 - Diluted 3.55 Summary of significant accounting policies 2 The accompanying notes are an integral part of the financial statements As per our report of even date For S. R. Batliboi & Co. LLP For and on behalf of the Board of Directors Firm Registration No. : 301003E/E300005 Chartered Accountants per Viren H. Mehta Dinesh Thakkar Vinay Agrawal Partner Managing Director Director Membership No. 048749 DIN : 00004382 DIN : 01773822 Naheed Patel Vineet Agrawal Company Secretary Chief Financial Officer Membership No: ACS22506 Place: Mumbai Place: Mumbai Date: Date: Angel Broking Limited (Formerly Known as Angel Broking Private Limited) Cash Flow Statement for the Quarter Ended June 30, 2018 Amount in Rs. Particulars Quarter Ended June 30, 2018 (i) Cash flow from operating activites Profit before tax 39,00,98,471 Adjustments for : - Interest on fixed deposits with banks (2,52,57,347) - Interest income on inter corporate deposits (17,14,278) - Income from lease of property (20,80,230) - Profit on sale of property, plant and equipments / Intangible assets (net) (3,69,140) - Profit/loss on redemption of shares (46,40,112) - Provision for gratuity 9,17,805 - Provision for compensated absences 37,02,055 - Depreciation and amortisation expenses 2,89,84,045 - Interest on bank overdraft 20,45,20,043 - Bad debts written off (net) 3,69,30,428 Operating profit before working capital changes 63,10,91,740 Changes in working capital: - Increase / (decrease) in trade payables (1,11,86,88,626) - Increase / (decrease) in other current liabilities and short term provisions 1,46,86,987 - (Increase) / decrease in long-term loans and advances (2,62,19,620) - (Increase) / decrease in other non-current assets (49,34,423) - (Increase) / decrease in trade receivables 16,57,42,603 - (Increase) / decrease in other bank balances (refer note 17) 1,92,92,12,658 - (Increase) / decrease in short term loans and advances 1,55,80,71,616 - (Increase) / decrease in other current assets 84,99,658 Cash generated from/(used in) operations 3,15,74,62,593 - Direct taxes paid (net of refunds) (11,69,03,087) Net cash generated from/(used in) operating activities (i) 3,04,05,59,506 (ii) Cash flow from investing activities Purchase of property plant and equipment/intangible assets (2,14,99,023) Proceeds from sale of property plant and equipment and intangible assets 3,69,140 Proceeds from sale of Shares 46,40,989 Interest received on fixed deposits with banks 2,52,57,347 Interest received on inter corporate deposits 17,14,278 Income from lease property 20,80,230 Net cash generated from / (used in) investing activities (ii) 1,25,62,961 (iii) Cash flow from financing activities Proceeds/(repayments) from/of overdraft from bank (net) (2,67,42,95,023) Repayments of vehicle loan (13,35,937) Interest paid on bank overdraft (20,45,20,043) Net cash generated from / (used in) financing activities (iii) (2,88,01,51,003) Net increase / (decrease) in cash and cash equivalents (i) + (ii) + (iii) 17,29,71,464 Cash and cash equivalents at the beginning of the quarter 79,11,87,230 Cash and cash equivalents at the end of the quarter 96,41,58,694 Cash and cash equivalents at the end of the quarter comprises of Cash on hand 4,93,519 Balance with scheduled banks in current accounts 61,36,65,175 Demand deposits (less than 3 months maturity) 35,00,00,000 96,41,58,694 Note : The above Cash Flow Statement has been prepared under the indirect method as set out in Accounting Standard-3 on 'Cash Flow Statements' notified under specified section 133 of the Companies Act,2013 read with Rule 7 of the Companies (Accounts) Rules,2014 and Companies (Accounting Standards) Amendment Rules, 2016. The accompanying notes are an integral part of these financial statements As per our report of even date For S. R. Batliboi & Co. LLP For and on behalf of the Board of Directors Firm Registration No. : 301003E/E300005 Chartered Accountants per Viren H. Mehta Dinesh Thakkar Vinay Agrawal Partner Managing Director Director Membership No. 048749 DIN : 00004382 DIN : 01773822 Naheed Patel Vineet Agrawal Company Secretary Chief Financial Officer Membership No: ACS22506 Place: Mumbai Place: Mumbai Date: Date: Angel Broking Limited (Formerly Known as Angel Broking Private Limited) Notes forming part of the Financial Statements as at and for the Quarter Ended June 30, 2018 1 Overview Angel Broking Limited (Formerly known as Angel Broking Private Limited) (the ‘Company’) was originally incorporated on August 8, 1996, under the Companies Act, 1956. The Company has converted into public limited company wef 28th June 2018 via a certificate of incorporation, issued by Registrar of Companies, Mumbai, Maharashtra. The Company is a member of National Stock Exchange of India Limited (NSE), Bombay Stock Exchange Limited (BSE), National Commodities and Derivatives Exchange Limited (NCDEX), Multi Commodity Exchange of India Limited (MCX), Metropolitan Stock Exchange of India Limited (MSEI) and a depository participant with Central Depository Services (India) Limited (CDSL). The Company is engaged in the business of stock, currency and commodity broking, margin trading facility, depository services and distribution of mutual funds, to its clients; and earns brokerage, fees, commission and interest income. The Company has also been providing portfolio management services. 2 Significant accounting policies 2.1 Basis of preparation of financial statements The interim financial statements (Financial Statements) of the company have been prepared in accordance with the generally accepted accounting principles in India (Indian GAAP). The company has prepared these financial statements to comply in all material respects with the accounting standards notified under section 133 of the Companies Act 2013, read together with paragraph 7 of the Companies (Accounts) Rules, 2014 and the Companies (Accounting Standards) Amendment Rules, 2016. The financial statements have been prepared on an accrual basis and under the historical cost convention, except for derivative financial instruments which have been measured at fair value. The accounting policies adopted in the preparation of the financial statements are consistent with those followed in the previous year. These financial statements have been prepared for the quarter April 01, 2018 to June 30, 2018 solely for the purpose of preparation of the restated summary statements, as required under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.
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