Just curious…where have they shown short term borrowing in operating cash flows? I can’t see it. Secondly even if they have shown it (which does not seem like the case) and there is a separate line item showing proceeds from short term borrowing and this has been disclosed clearly…one can easily move that to financing cash flows and do the analysis…even in this case I don’t see an accounting fraud
Also the principal and interest part of lease liability is included in cash flow statement (I have seen it it in D-Mart Cash Flow. See the DMART financing cash flows below)
Are we sure there are accounting shenanigans? Are we trying to say the auditors are fraud? That is a very serious allegation.
Small companies always take some extra time to move from GAAP to IndAS…this is not uncommon. FY22 is IndAS compliant. Most investors are looking at FY22 profitability and 9MFY23 profitability and extrapolating the future…can someone explain what then is the problem in this…
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