Balance Sheet as at September 30, 2007

Note

2007
2006
(Rupees in thousands)

Assets
Non-Current Assets
Fixed assets
Property, plant and equipment
Long-term investments
Long-term loans
Long-term deposits
Current Assets
Stores and spares
Stock-in-trade
Trade debts
Loans and advances
Trade deposits and short-term prepayments
Profit accrued on bank deposits
Other receivables
Cash and bank balances

680,445

618,039

4
5

801,364
5,050
2,903

614,725
6,210
2,564

6
7
8
9
10

67,974
390,494
202,887
126,022
7,569
8,170
8,027
638,531
1,449,674
2,939,436

70,004
419,296
175,255
92,639
6,556
2,127
7,019
381,272
1,154,168
2,395,706

400,000

400,000

11
12

Total Assets
Equity and Liabilities
Share Capital and Reserves
Share Capital
Authorised
80,000,000 (2006: 80,000,000) ordinary shares of Rs. 5 each
Issued, subscribed and paid-up capital

13

288,000

216,000

Reserves
Unrealised gain on long-term investments
available for sale

14

952,743

851,730

738,929

495,337

1,691,672
1,979,672

1,347,067
1,563,067

Non-Current Liabilities
Deferred taxation

15

66,500

74,000

Current Liabilities
Short-term borrowings
Trade and other payables
Accrued mark-up on short-term borrowings
Provision for income tax - net

16
17
18
19

488,190
393,259
4,565
7,250

337,000
379,025
8,581
34,033

893,264

758,639

Contingencies and Commitments

20
2,939,436

2,395,706

Total Equity and Liabilities

The annexed notes 1 to 38 form an integral part of these financial statements.

Raeesul Hasan
Chief Executive

Murtaza H. Habib
Director

19