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Notes to Condensed Interim Financial Statement (Un-audited

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For the period ended 31 March 2013

3rd Quarterly Accounts
March 31, 2013 (Un-audited)

RELIANCE WEAVING MILLS LIMITED

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Company Information

Board of Directors Executive Directors Mr. Fawad Ahmed Mukhtar Mr. Fazal Ahmed Sheikh Mr. Faisal Ahmed Mukhtar Mr. Fahd Mukhtar Sub Committees of the Board Audit Committee Mr. Fawad Ahmed Mukhtar Mr. Faisal Ahmed Mukhtar Mrs. Fatima Fazal Mr. Amanullah Chairman HR & Remuneration Committee Mrs. Farah Faisal Cairman Mr. Fahd Mukhtar Mr. Faisal Ahmed Mukhtar Mr. Basharat Hashmi Secretary Chairman Non-Executive Directors Mrs. Fatima Fazal Mrs. Farah Faisal Mr. Shahid Aziz-NIT

Secretary

Executive Management Team Chief Executive Officer Mr. Fazal Ahmed Sheikh Chief Financial Officer Mr. Waheed Ahmed GM Unit # 1 & 2 Mr. Ikram Azeem Bankers Allied Bank Limited Bank of Khyber Bank Al-Falah Limited First National Bank Mudarba First Punjab Mudarba Samba Bank Limited Habib Bank Limited Habib Metropolitan Bank Limited Auditors & Shares Registrar External Auditors M. Yousuf, Adil, Saleem & Co., Chartered Accountants Multan Business Offices Registered Office 2nd Floor Trust Plaza LMQ Road, Multan Tel # 061-4512031-2, 061-4546238 Fax # 061-4511677, 061-4584288 E-mail: info@fatima-group.com Sites Address Unit # 1,2 & 4 Fazalpur, Khanewal Road, Multan Tel # 061-6740020-3 Fax # 061-6740039 Head Office E-110, Khayaba-e-Jinah Lahore Tel # 042-35909449, 042-111-328-4632 Fax # 042-36621389 Website: www.fatima-group.com Unit # 3 Mukhtarabad, Chakbeli Khan Road Rawat, Rawalpindi Tel # 051-4611579-81 Fax # 061-4611097 Shares Registrar M/s CDC Pakistan Ltd. 2nd Floor 307-Upper Mall Lahore info@cdcpak.com and basharat.hashmi@fatima-group.com Company Secretary Mr. Amanullah GM Unit # 3 Mr. Imran Malik GM Marketing Mr. Khawaja Sajid GM Unit # 4 Mr. Muhammad Shoaib Alam

Meezan Bank Limited MCB Bank Limited National Bank of Pakistan Pak Brunei Investment Company Limited Standard Chartered Bank (Pakistan) Limited Saudipak Industrial & Agricultural Investment Co. Limited Soneri Bank Limited United Bank Limited

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RELIANCE WEAVING MILLS LIMITED

power and gas curtailment also negatively contributed towards bottom line of the company. since the company has procured its cotton at very competitive prices so profitability of spinning substantially improved. The continuous rise in utility cost.051 M against Rs 6. a substantial increase in profit was increased in sales prices of finished products. The BMR of spinning unit of 13. The turnover during the period has increased to Rs 7. The Company's spinning segment performed well during period under review. I am pleased to present nine months Financial Statements of the company for the period ended March 31. Your directors would like to assure you that every possible effort will be made to achieve better results in the coming period. The weaving segment also contributed positively in profitability during period under review. The demand of yarn was also very strong. On the behalf of the Board of Directors. Date: April 29. 2013 Place: Lahore On Behalf of the Board of Directors Sd/Fazal Ahmed Sheikh (Chief Executive Officer) RELIANCE WEAVING MILLS LIMITED 3 .497 M where as net profit has increased to Rs 354 M as compared to Rs 137 M during corresponding period.200 is in process and it will start the commercial production at end of current year. The cotton prices rose in this period due to news of short fall in production of cotton.Directors' Report to the Shareholders For the period ended 31 March 2013 Dear Members. Lc for 40 looms addition has also been opened. 2013. this resultant in rise in yarn prices. Devaluation of PKR also contributed to improve the profitability of weaving segment.

in '000)-----EQUITY AND LIABILITIES Share capital and reserves Authorised capital 40.000.000 (2012: 30. 30 June.000.000 308.secured Finances under mark up arrangements and other credit facilities .000.431.701 3.979 54.000 400.655 439.762 2.883.194 517. 10 each 400.882.915 4.271 4 433.109 148.739.109 198.025 The annexed notes 1 to 18 form an integral part of these condensed interim financial information.000 300.844 3.Condensed Interim Balance Sheet (Un-audited) As at 31 March.451 3.261 392.662.800 30.023.954 116.652 6.783 507.883 1.210 50. 2013 (Un-audited) (Audited) 31 March.717 627.405 3.254 1. Sd/Chief Executive Officer Sd/Director 4 RELIANCE WEAVING MILLS LIMITED .155.868 34.887.000 300.072 7.271 Issued.000 (2012: 40.142 1.000) preference shares of Rs.856 CURRENT LIABILITIES Current portion of non-current liabilities .246 452.439 Surplus on revaluation of Fixed Assets NON-CURRENT LIABILITIES Long term finances Loans from related parties .subordinated loan Liabilities against asset subject to finance lease Deferred liabilities 452.785 56. subscribed and paid up capital Reserves Retained earnings 308.800 29.400.secured Trade and other payables Markup accrued Provision for taxation CONTINGENCIES AND COMMITMENTS 5 196.655.000 700. 2013 2012 Note ------(Rs.806 87.188 1.000) ordinary shares of Rs 10 each 30.000 700.000.437 209.

741.127 18.224 195.445 2.174 6.025 Sd/Chief Executive Officer RELIANCE WEAVING MILLS LIMITED Sd/Director 5 .946 CURRENT ASSETS Stores.780 25.857.146 59.965 7. 2013 (Un-audited) (Audited) 31 March.416 29.842 2.258 781.Condensed Interim Balance Sheet (Un-audited) As at 31 March.540 1.472 2.695 4.030 1.921 33. 30 June.219 427.315 2.997.079 6.831 52.023. in '000)-----ASSETS NON-CURRENT ASSETS Property. spares and loose tools Stock in trade Trade debts Loans and advances Trade deposits and prepayments Other receivables Short term investments Tax refunds due from the government Cash and bank balances 7 8 189.489.773 131.846 325.399 140.850.094.559 1. plant and equipment Intangible assets Long term deposits Deferred tax asset 6 2.042 21.978.995 1.739.278 16.437 173. 2013 2012 Note ------(Rs.928.361 954.246 3.

322 159.46 (26.334) 582.915.134) (313.267 Three months ended 31 March 2013 2012 -----(Rupees in '000)----2.357.586) (14.092.860 (6.160 Sales .net Cost of sales Gross Profit 9 Distribution and marketing expenses Administration expenses Other operating expenses Finance cost Other operating income Profit before tax Taxation Profit after tax Earnings per share (88.335) 354.051.425.876 (19.886) 86.097) (29.928 (2.055 11.046 2.Condensed Interim Profit and Loss Account (Un-audited) For the period ended 31 March 2013 Note Nine months ended 31 March 2013 2012 (Restated) -----(Rupees in '000)----7.49 (94.224 71.497.261) (31.523 4.882) 333.906) 48.882) (13.641) (319.526 1.601 (5. Sd/Chief Executive Officer Sd/Director 6 RELIANCE WEAVING MILLS LIMITED .880) (5.214) (29.176.663) 137.57 The annexed notes 1 to 18 form an integral part of these condensed interim financial information.529) (99.69 (34.186 (21.826) 67.854) 250.493 4.299 412.106.383) 144.014 (2.602) 2.677 6.257) (99.994) (80.390 (58.874) 2.183) 875.808 163.432 (22.256) (111.

526 Profit after tax ` Other comprehensive income Gain on remeasurement of short term investment Fair value reserve transferred to profit & loss account on derecognition of short term investment (5.539) 69.258) 11.695) (58.492 48.582 (10.105 134.523 Three months ended 31 March 2013 2012 -----(Rupees in '000)----144.565 Total comprehensive income for the period 303.565 (45.Condensed Interim Statement of Comprehensive Income (Un-audited) For the period ended 31 March 2013 Note Nine months ended 31 March 2013 2012 (Restated) -----(Rupees in '000)----354.840 (10. Sd/Chief Executive Officer RELIANCE WEAVING MILLS LIMITED Sd/Director 7 .411 53.091 The annexed notes 1 to 18 form an integral part of these condensed interim financial information.055 137.081) 4.360 149.081) 4.156) (50.

969) (237.695 93. Sd/Chief Executive Officer Sd/Director 8 RELIANCE WEAVING MILLS LIMITED .net Net cash generated from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period 180.222) (279.069) (176.490 (328.323 421.442 26.843) (8.928) (988.456 1.Condensed Interim Cash Flow Statement (Un-audited) For the period ended 31 March 2013 Nine months ended 31 March 2013 Note Cash flows from operating activities Cash generated from / (used in) operations Finance cost paid Workers' profit participation fund paid Taxes paid .net Staff retirement benefits paid Net cash (used in) from operating activities Cash flows from investing activities Fixed capital expenditure Proceed from disposal of property plant and equipment Intangible assets Long term deposits Net cash (used in) investing activities Cash flows from financing activities Proceeds from long term finances Repayment of long term finances Finance under mark up arrangements .538) 194.752 4.572) 2.229 (205.517) (4.811 2012 (Restated) -----------(Rs in '000)----------(662.202.292 (1.228.246 33.369 19.572) The annexed notes 1 to 18 form an integral part of these condensed interim financial information.449 29.329 (861) (1.973) (27.485) (209.765) (185.489) 10 (210.194) (66.517) (4.430 7.933) 1.354) (37.893) 531.000 (202.971) 11.

431.081 66.246 For the period ended 31 March 2013 Balance as at 31 March 2012 Balance as at 01 July 2012 Total comprehensive income for the year Profit for the period Other comprehensive income .Capital reserve Share capital Total -----------------------------------.172 (122.081 83.950 74.887.523 41.055 (50.360 (78.491.081 (50.167) 1.523 11. 2011 Profit for the period .109 308.627 180.566) 1.662.restated 308.582 149.566) 1.517. Sd/Director Sd/Chief Executive Officer .209 57.935 74.restated Total comprehensive income for the period Transactions with owners of the company recognized directly in equity Specie dividend 308.105 Share premium Fair value reserve General reserve Unappropriated profit/(loss) Revenue reserve Balance as at 01 July.695) 303.081 78.109 41.516 895.917 1.045 1.582 137.695) 32.(Rupees in '000) -----------------------------------308.155.254 (122.172 354.568 1.109 11.restated Other comprehensive income .032.695) (50.439 Condensed Interim Statement of Changes in Equity (Un-audited) RELIANCE WEAVING MILLS LIMITED Total comprehensive income for the period recognized directly in equity Specie dividend Balance as at 31 March 2013 9 The annexed notes 1 to 18 form an integral part of these condensed interim financial information.055 354.523 11.378 137.167) 1.109 41.582 137.142 354.630 41.055 (78.

3. the significant judgements made by the management in applying the Company's accounting policies and the key source of estimation and uncertainty were the same as those that applied to the annual audited financial statements as at and for the year ended June 30. assumptions and use judgements that affect the application of policies and reported amounts of assets and liabilities and income and expenses. Trust Plaza. 2012 . In case where requirements differ. Significant Accounting Policies and Estimates 3. 10 RELIANCE WEAVING MILLS LIMITED . including reasonable expectations of future events. 1984. 1984 have been followed. provisions of or directives issued under the Companies Ordinance.Selected Notes to the Condensed Interim Financial Information (Un-audited) For the nine months period ended March 31. Statement of Compliance This condensed interim financial information of the Company for the nine-months period ended March 31. assumptions and judgements are continually evaluated and are based on historical experience and other factors.M. Multan. The shares of the Company are quoted on Karachi and Lahore Stock Exchanges. The registered office of the Company is situated at Second Floor. L.3 Presentation and Functional Currency The condensed interim financial information are presented in Pak Rupees. 2013 1. which is the Company's functional and presentation currency."Interim Financial Reporting" and provisions of and directives issued under the Companies Ordinance. The Company is principally engaged in the manufacture and sale of yarn and fabric. 3. 1984. Revision to accounting estimates are recognized prospectively commencing from the period of revision. 2012. 3. 2. in the province of Punjab. In preparing this condensed interim financial information. 3.4 Accounting estimates and judgements The preparation of the condensed interim financial information in conformity with approved accounting standards as applicable in Pakistan for interim financial reporting requires management to make estimates. Road. 1990 under the Companies Ordinance.1 This condensed interim financial information has been prepared under the historical cost convention as modified by the revaluation of operating fixed assets and certain financial instruments at fair value and recognition of certain employee retirement benefits at present value. 2013 has been prepared in accordance with the requirements of the International Accounting Standard 34 . 1984.2 This condensed interim financial information is unaudited but subject to limited scope review by the auditors and are being submitted to the shareholders as required under listing regulations of Karachi and Lahore Stock Exchange and section 245 of the Companies Ordinance. The Company and its Operations Reliance Weaving Mills Limited ("the Company") was incorporated in Pakistan as a public limited company on April 07. Estimates.Q. They do not include all of the information required for the annual financial statements and should be read in conjunction with the annual financial statements of the Company for the year ended as at June 30.

26 million). Long term finances From financial institutions .037 14. 668. in '000)-----634.959) 433.451 4.401 85.1 There is no significant change in the status of contingent liabilities since the annual published audited financial statements as at June 30. 2012.secured Less: current portion 4.846 (254.410 795. 2013 2012 ------(Rs.114 180. 2012. Contingencies and Commitments Contingencies 5.114 634. 2013 3.410 (174.114 (194. 30 June.846 93. 2012 : Rs.2 Commitments in respect of irrevocable letters of credit for: .000 888.Selected Notes to the Condensed Interim Financial Information (Un-audited) For the nine months period ended March 31.343 (205.Capital expenditures .Other than capital expenditures 775.Foreign bills discounted outstanding as at March 31.709) 439.869 861. 2013 are Rs.270 5.581 million (June 30.933) 608.1 The movement of long term finance during the period / year ended is as follows: Opening balance Add: obtained during the period / year Less: repaid during the period / year Closing balance 5.516 RELIANCE WEAVING MILLS LIMITED 11 . 691. except the following. Un-audited Audited 31 March. in '000)-----608.732) 634.479 19. .229 814. Un-audited Audited March 31 June 30 2013 2012 ------(Rs.405 Note 4.1 Note Commitments 5.5 Significant accounting policies The accounting policies and the methods of computation adopted in the preparation of this condensed interim financial information are the same as those applied in the preparation of the financial statements for the year ended June 30.

3.178 (Un-audited) Nine months period ended March 31.1.261) 12 RELIANCE WEAVING MILLS LIMITED .1 Operating assets Opening written down value Additions during the period / year 6.307 (8.3.1 Net .050 123.Condensed Interim Statement of Change in Equity (Un-audited) For the nine months period ended March 31.857.308) 2.660 571.3 Commitments in respect of forward foreign exchange contracts: .1.1 These forward foreign exhange contracts relate to import of plant and machinery 6.1 Additions / disposals during the period Freehold land Plant and machinery Electric installation Factory equipment Office equipment Electric appliances Furniture and fixtures Vehicle Leased vehicles 63.333 7.561 123.883. in '000)-----5.857.402 394 499 5.170 61.482 33.030 2.during the period / year 6.353 22 5.1 Depreciation charged during the period / year Closing written down value 2.561 434 2.261) (2.561 6.Sales .039) (127.995 2.857.978. in '000)-----Disposal Additions at book at cost value 6.651 7.883.178 94.852 2. 2013 Un-audited Auditeded March 31 June 30 2013 2012 Note ------(Rs.857.856 5.261) (95.Purchase 5. 2013 ------(Rs.768.186 (2. Property.1.840 224.1 2. plant and equipment Operating assets Capital work in progress 6.186 (2.547) 2.742 11.1 19.

Selected Notes to the Condensed Interim Financial Information (Un-audited) For the nine months period ended March 31.732 13.512 75.902) fully paid ordinary shares of Rs. Short term investments Short term investment .764 8.174 55.706.641) shares Fair value adjustment Closing market value of 2.considered good . to the shareholders as specie dividend in the ratio of 1 share of FFCL for every 10 shares of the Company on October 31. deposits.margins. 2012.024 127. 10 Carrying amount of shares transferred as specie dividend 3.224 171.327.011) 64.773 (76.714 2. RELIANCE WEAVING MILLS LIMITED 13 .856 (106. etc.081. having face value of Rs. 10 each.720 427.To suppliers Advances for issue of shares .352 148.344) 65.706.443 8. 2013 7.081.625.related party Due from related parties Letters of credit .007 325.available for sale Fatima Fertilizer Company Limited Carrying amount at beginning of the period 5.621. Note Loans and advances Advances .2 During the period the Company declared 3.1 Fatima Fertilizer Company Limited (FFCL) is an associate of the Company through common directorship of 3 directors however.606 187.261) shares 140.641) of Fatima Fertilizer Company Limited (FFCL).261 140.094 shares (June 2012 : 4.094 (June 2012: 4. opening charges.762 (5.773 8.261 (June 2012: 10. in '000)------ 68.540 8.To employees . for the purpose of measurement this has been classified as available for sale as the Company being investor in FFCL does not have a significant influence over the operating and financial decisions of this associate.352 132. Un-audited Audited March 31 June 30 2013 2012 ------(Rs.167 (2012: 5.538) 59.621. 8.

160 2.065 13.862.222) 3.538 458.063) 2.497.693 Add: doubling/sizing income Export rebate Three months period ended ended March 31 2013 2012 ------(Rs.553 6.503 786.488.459.845 108 14.698 (38. Cash generated from operations Profit before tax Adjustments for non cash charges and other items: Depreciation on property.102 3.232 1.425.927 1.186 94.382 159.246 74.239) 6.868 2.350.167 7.Selected Notes to the Condensed Interim Financial Information (Un-audited) For the nine months period ended March 31.318) 1.973.156) (2.735 (103.844 (58.388.652 315.105 6.326 Profit before working capital changes 14 RELIANCE WEAVING MILLS LIMITED . plant and equipment Amortization of intangible assets Staff retirement benefits accrued Gain/(loss) on disposal of property.258) (16. Sales .060 1.913 (45. plant and equipment Provision for workers profit participation fund Fair value transferred to profit and loss account on derecognition of short term investment Gain on derecognition of short term investment Interest on workers' pofit participation fund Finance cost (excluding exchange (Gain)/loss) 412.net Export Local Waste Less: Commission 4.357.308 151 20.706 3.051.038.603 512.199.338 (31) 20. 2013 Nine months period ended March 31 2013 2012 ------(Rs.873 9.913 914 6. in '000)-----9.848 (98.063 94.734 7.390 95.601 10.496 7.187 5.119 1.769 (38.511) 2. in '000)-----1.860 (Un-audited) Nine months period ended March 31 2013 2012 (Restated) 10.161 4.157) 3.136.591.827 2.524.518.421.886 (3.000 34.221 2.123 281.155) 7.276 913.014 4.896.140 2.353 28.

200 10.881 4.104) (172.634) (5.836) 194.287 (1.746) (36.Trade deposits and prepayments . The Company in the normal course of business carries out transactions with various related parties.972) (8.411 2. Significant transactions with related parties are as follows: Nature of transaction Associated undertakings Sale of goods and service Purchase of goods Mark up charged Sale of operating fixed assets Key management personnel Remuneration under the term of employment to: Director Executives Others Donations 5.119 8. spares and loose tools .640 1.Stock in trade .038 6.795 All transactions with related parties have been carried out on commercial terms and conditions.926 (317.490 11.Selected Notes to the Condensed Interim Financial Information (Un-audited) For the nine months period ended March 31.Other receivables .794 - 2.Tax refunds due from government (excluding income tax) (15.Trade and other payables (excluding workers' profit participation fund) Cash (used in) / generated from operations 248. Transactions with related parties The related parties comprise associated undertakings and key management personnel. 2013 (Un-audited) Nine months period ended March 31 2013 2012 (Restated) Effect on cash flow due to working capital changes: (Increase)/decrease in current assets .Stores.198) (51.007 14.154) 6.686) (17.361.946 8.222) 30.163 9.448.334 100.Loans and advances .373) (101.Trade debts .604) (662.738) (3.481) (109. RELIANCE WEAVING MILLS LIMITED 15 .464 61.886) (1.410) (377) (167.106 Increase in current liabilities .

Segment Reporting 14. 2012. 2012. Financial risk management The Company's financial risk management objective and policies are consistent with those disclosed in the financial statements as at and for the year ended June 30. 2013 12.production of different quality of greige fabric using yarn Information regarding the Company's reportable segments is presented below: 16 RELIANCE WEAVING MILLS LIMITED .Selected Notes to the Condensed Interim Financial Information (Un-audited) For the nine months period ended March 31.production of different quality of yarn using natural and artificial fibers . Capital Management The Company's capital management objective and policies are consistent with those disclosed in the financial statements as at and for the year ended June 30.1 Reportable segments The Company's reportable segments are as follows: . 14.Spinning segment .Weaving segment . 13.

055 (13.575 22.295) Gross Profit 381.267 (94.762) 86.340) (303.663) 137.691) (135.586.057 (2.334) 582.928.928.641) 86.915.320) (166.698) (74.218 (1.907) 255.529) (99.021 (5.520) (85.860 (6.158) (29.246.771 (9.14.523 RELIANCE WEAVING MILLS LIMITED Other operating expenses Other operating income Taxation Profit after taxation 17 14.601 (5.414) (64.322 (21.915 326.344) (192.097) (313.707 176.497.083.827.882) (319.864.780.406) (178.2 Segment revenue and results Following is an analysis of the Company's revenue and results by reportable segments Weaving (Elimination of inter-segment) transaction) Total Spinning Nine months ended 31 .886) (495.176.798 (317.(Rupees in '000) ------------------------------------3.496 5.836) (51.net Cost of sales 3.1 The accounting policies of the reportable segments are the same as the Company's accounting policies described in the annual financial statements.562) (153.236 (58.051.112) Profit before tax and unallocated expenses 197.762 Distribution and marketing expenses Administrative expenses Finance Cost (14.225 2013 2012 2013 2012 2013 2012 2013 2012 6. 2013 (184.342.678 (2.335) 354.677 (88.266) (1.780.071) 67.2.218) 1.183) 875.762 (5.542) 493.839 7.839) 1.452) 374.994) (80. .505 Sales .092.March ------------------------------------.106) 5.306) For the nine months period ended March 31.650 Selected Notes to the Condensed Interim Financial Information (Un-audited) Unallocated income and expenses (29.016.064) 63.826) (501.115) (34.

345 173.821.162 1. spares and loose tools Stock in trade 1.733 5.643 3.582 2.334.437 2.484.078 3.664 Total assets as per balance sheet 14.595 1.836 4.401.300 74.567 6.257 Segment assets for reportable segment Operating fixed assets Stores.863 6.685 785.820.752 4.489.251.(Rupees in '000) ------------------------------------1.322.225.560 1.359.765.544.652 87.361 2.296 738.932.601 7.900 2.538.915 2.544 2.921 Unallocated corporate assets RELIANCE WEAVING MILLS LIMITED 1.675 2.719 1.721. 2013 Total liabilities as per balance sheet .545 675.489.124.499.319.024 1.017.488.054 Unallocated corporate liabilities Selected Notes to the Condensed Interim Financial Information (Un-audited) For the nine months period ended March 31.045 98.978.368 3.023.445 2.739.174.875 703.378 101.850.030 189.14.3 Segment assets Reportable segments' assets and liabilities are reconciled to total assets and total liabilities as follows: Weaving Total 18 30-Jun-2012 31-Mar-2013 30-Jun-2012 31-Mar 2013 30-Jun-2012 Spinning 31-Mar-2013 ------------------------------------.4 Segment liabilities Segment liabilities for reportable segment 2.282.811 486.025 1.

16. 2013 15. in '000)-----As earlier reported Restated Other operating income Profit for the period Earning per share basic and diluted (Rupees) 28. Fair value reserve carried in equity had not been reclassified to profit and loss account on the derecognition of other financial assets (shares of FFCL distributed as specie dividend). 2012.46 There is no effect of this restatement on the balance sheet. no third balance sheet has been prepared. However. therefore. Restatement of financial information The comparative condensed interim profit and loss account and condensed interim statement of other comprehensive income have been restated due to the reason mentioned below.Selected Notes to the Condensed Interim Financial Information (Un-audited) For the nine months period ended March 31.322 137. Previous classification Tax refunds due from Government Current classification Provision for taxation Amount Rupees in '000' 87. The management has accounted for the above adjustments with retrospective effect and comparative information has been restated in accordance with the treatments specified in Internation Accounting Standard 8 "Accounting Policies.844 RELIANCE WEAVING MILLS LIMITED 19 . this reclassification has been correctly accounted for in the annual financial statements of the Company for the year ended June 30.523 4. The effect of retrospective restatement on the condensed interim profit and loss account for the nine months period ended March 31. (Un-audited) Nine months period ended March 31 2012 2012 ------(Rs.064 79.265 2. Changes in Accounting Estimates and Errors".57 86. Reclassification Following reclassification have been made in the interim financial information to give better presentation. 2012 is given below.

Selected Notes to the Condensed Interim Financial Information (Un-audited) For the nine months period ended March 31. 2013. Sd/Chief Executive Officer Sd/Director 20 RELIANCE WEAVING MILLS LIMITED . 2013 17. 18. Date of authorization These condensed interim financial information are authorized for issue by the Board of Directors of the Company on 29 April. General Figures have been rounded off to the nearest thousand rupees except as stated otherwise.