I am not sure if I am right, but I think Mirza Intl. reported “total principal payments” as “interest expenses”.
Have a look at the above maturity profile for all debt repayments. When you total all up, it comes out to be Rs. 2,607 lakhs.
The finance cost is Rs. 2,698 lakhs and interest income from cash is Rs. 96 lakhs (taken from cash flow statement), which means the interest expenses comes out to be Rs. 2,602 lakhs. (Pretty close to 2,607 lakhs though).
I don’t know. I might be wrong! This is just an analogy.
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