FARAN SUGAR MILLS LIMITED

BALANCE SHEET
AS AT SEPTEMBER 30, 2007

Note

2007
Rupees

2006
Rupees

SHARE CAPITAL AND RESERVE

2006
Rupees

NON CURRENT ASSETS

PROPERTY, PLANT AND EQUIPMENT

Authorized
40,000,000 ordinary shares of Rs. 10/- each

Issued, subscribed, and paid up capital

2007
Rupees

Note

Revenue reserve

400,000,000

400,000,000

188,269,950

188,269,950

49,952,868

55,656,847

(234,978)

Appreciation / (Diminution) in value of investment

Accumulated profit

Operating assets
Capital work in progress

439,404,918
59,754,883
499,159,801

445,970,026
3,462,519
449,432,545

INVESTMENTS

10

97,932,036

84,736,860

6,062,276

726,515

40,465,174
149,494,712

45,940,462
276,023,186

41,001,504

10,240,198

439,752

10,159,155

35,715,407

248,146,995

280,081,956

NON CURRENT LIABILITIES

LONG TERM DEPOSITS
LONG TERM LOANS

94,987,019

60,808,166

DEFERRED LIABILITIES

355,383,285

353,952,939

Taxation
CONTINGENCIES AND COMMITMENTS

105,017,362

(considered good)

21,827,462

19,791,437

Loans and advances

12

96,759,753

54,656,094

282,348,491

189,081,904

Other receivables

13

64,867,037

70,596,792

Cash and bank balances

14

Current maturity of long term liabilities

Trade and other payables

11

Trade debts-unsecured

CURRENT LIABILITIES
Short term finances

CURRENT ASSETS
Stores and spares
Stock - in - trade

34,259,272

24,242,484

41,210,231

40,623,597

338,435,225

338,133,187

433,798,411

498,080,329

1,036,952,524

1,032,976,248

1,036,952,524

1,032,976,248

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

________________________
Ahmed Ali Mohammad Amin
Chief Executive

___________________________
Mohammad Omar Amin Bawany
Vice Chairman