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JDW Sugar Mills Limited

Balance Sheet
As at 31 March 2015

Note

Sugar

Co-Gen

Corporate Farms

Merged

Sugar

Co-Gen

Corporate Farms

Merged

31-Mar-15

31-Mar-15

31-Mar-15

31-Mar-15

30-Sep-14

30-Sep-14

30-Sep-14

30-Sep-14

Rupees

Rupees

Rupees

Rupees

Rupees

Rupees

Rupees

Rupees

EQUITY AND LIABILITIES


Share capital and reserves

Authorised share capital

Issued, subscribed and paid-up capital


Reserves

###

1,000,000,000

###

1,000,000,000

597,766,610

###

597,766,610

###

597,766,610

5,341,702,211

1,381,155,643

(468,763,864)

6,254,093,991

5,901,516,875

134,480,584

(652,483,657)

5,383,513,802

5,939,468,821

1,381,155,643

(468,763,864)

6,851,860,601

5,901,516,875

134,480,584

(652,483,657)

5,981,280,412

NON CURRENT LIABILITIES


Redeemable capital - secured

249,999,999

###

249,999,999

305,555,555

305,555,555

Long term loans - secured

3,751,999,570

3,945,134,339

7,697,133,909

4,944,664,672

3,618,877,994

8,563,542,666

Liabilities against assets subject to finance lease

840,643,982

840,643,982

796,721,716

796,721,716

1,519,901,807

###

1,519,901,807

1,712,957,399

###

1,712,957,399

72,856,373

68,256,699

68,256,699

Deferred taxation
Staff retirement benefits

72,856,373

6,435,401,731

3,945,134,339

10,380,536,070

7,828,156,041

3,618,877,994

11,447,034,035

CURRENT LIABILITIES
Short term borrowings - secured

17,584,683,165

133,148,092

17,717,831,256

9,029,668,636

37,384,310

9,067,052,946

Current portion of non current liabilities

1,338,609,442

394,545,455

1,733,154,897

1,662,132,518

394,545,455

2,056,677,973

Trade and other payables

12,382,076,850

316,965,445

162,358,484

11,395,580,927

4,349,345,894

346,334,699

685,625,868

4,626,936,967

Interest and mark-up accrued

26

424,087,922

80,669,660

504,757,582

399,339,276

86,665,424

12,814,131

498,818,831

31,729,457,379

925,328,651

162,358,484

31,351,324,662

15,440,486,324

864,929,888

698,439,999

16,249,486,717

45,956,342

33,677,801,164

CONTINGENCIES AND COMMITMENTS

`
44,104,327,931

6,251,618,633

`
(306,405,380)

48,583,721,333

29,170,159,240

4,618,288,466

JDW - Unit III Sugar


Note ###

Rupees

Co-Gen

Corporate Farms

Merged

Sugar

Co-Gen

Corporate Farms

Merged

31-Mar-15

31-Mar-15

31-Mar-15

31-Mar-15

30-Sep-14

30-Sep-14

30-Sep-14

30-Sep-14

Rupees

Rupees

Rupees

Rupees

Rupees

Rupees

Rupees

Rupees

NON CURRENT ASSETS


Property, plant and equipment

10###

10,490,062,716

5,827,665,354

1,906,064,214

18,223,792,283

9,789,089,278

5,474,331,342

1,872,822,860

17,136,243,480

Biological assets

17 ##

588,966,754

588,966,754

10,471,822

10,471,822

Investment property

11 ##

173,026,930

Intangible assets

12 ##

608,310,693

Investments

13 ##

3,094,398,050

Long term advances

14###

Long term deposits

173,026,930###

173,026,930###

###
-

-###

173,026,930

17,677,642

625,988,335

608,310,693

18,511,816

626,822,509

3,094,398,050

3,094,398,050

3,094,398,050

58,000,000

58,000,000

1,135,692,880

1,135,692,880

34###

129,910,673

129,910,673

113,273,041

113,273,041

###

14,553,709,062

5,827,665,354

2,512,708,610

22,894,083,025

14,913,790,872

5,474,331,342

1,901,806,499

22,289,928,712

Stores, spares and loose tools

15###

750,120,437

119,065,530

315,804,015

1,184,989,982

703,275,885

176,503,131

241,536,691

1,121,315,707

Stock in trade

16###

18,913,188,775

18,913,188,775

4,383,863,390

Biological assets

17 #

Trade debts - unsecured, considered good

18###

CURRENT ASSETS

415,286,253

Advances, deposits, prepayments and


other receivables
Tax refund due from Government
Cash and bank balances

###

31,084,900

31,084,900

1,086,127,106

12,584,364

1,513,997,723

152,955,687

509,819,529

4,383,863,382

1,681,515,961

1,681,515,961

662,775,216

19###

8,060,199,079

(94,448,872)

(3,184,824,854)

3,315,105,503

7,615,401,941

(56,673,574)

(3,779,301,918)

3,025,056,958

45-05
###

316,667,213

2,661,128

2,862,787

322,191,128

425,887,928

251,415

399,109

426,538,452

20###

1,095,157,112

(689,451,613)

3,374,798

409,080,297

1,572,750,154

(1,485,943,377)

86,806,776

###

29,550,618,869

423,953,279

(2,819,113,990)

25,689,638,308

14,854,134,984

(856,042,877)

(1,855,850,157)

11,387,872,452

###

44,104,327,931

6,251,618,633

(306,405,380)

48,583,721,333

29,767,925,856

4,618,288,465

45,956,342

33,677,801,164

JDW Sugar Mills Limited


Profit and Loss Account
Six months ended
Corporate Farms
Merged

For the six months and quarter ended 31 March 2015

Note
Gross sales
FED, Sales tax and others

Sugar

Co-Gen

Sugar

31-Mar-15

31-Mar-15

31-Mar-15

31-Mar-15

31-Mar-14

Rupees

Rupees

Rupees

Rupees

Rupees

13,665,793,910

3,304,909,455

2,889,075,970

14,905,964,472

12,548,435,159

(780,439,063)

(154,016,423)

(934,455,486)

(678,576,668)

Net sales

21

12,885,354,847

3,150,893,032

2,889,075,970

13,971,508,986

11,869,858,491

Cost of sales

22

(11,872,842,049)

(1,655,686,644)

(2,684,696,250)

(11,259,410,087)

(10,017,539,852)

1,012,512,798

1,495,206,388

204,379,720

2,712,098,899

1,852,318,639

Gross profit

Administrative expenses

23

(367,413,615)

(7,927,844)

(10,590,655)

(385,932,114)

(258,972,628)

Selling expenses

24

(30,439,592)

(30,439,592)

(57,682,309)

Other income

26

168,479,761

7,675,494

4,800,490

180,955,745

50,759,864

(229,373,446)

(252,350)

(5,790,165)

(235,415,961)

(265,895,073)

783,139,352

1,494,954,038

198,589,555

2,476,682,938

1,586,423,566

Operating profit

Other expenses

25

(58,616,857)

(10,775,460)

(69,392,317)

(71,352,725)

Finance cost

27

(962,489,457)

(248,278,979)

(4,094,295)

(1,214,862,731)

(618,985,899)

(1,021,106,315)

(248,278,979)

(14,869,755)

(1,284,255,049)

(690,338,624)

(237,966,962)

1,246,675,059

183,719,800

1,192,427,890

896,084,942

(22,964,396)

###

(22,964,396)

(88,725,593)

(260,931,358)

1,246,675,059
1

183,719,800

1,169,463,494

807,359,348

Profit / (loss) before taxation


Taxation

28

Profit / (loss) after taxation


Earnings per share

29

19.56

Corporate Farms

Merged

JDWSML

Co-Gen

Corporate Farms

31-Mar-14

31-Mar-14

31-Mar-15

31-Mar-15

31-Mar-15

Rupees

Rupees

Rupees

Rupees

Rupees

3,264,458,740

13,440,491,372

(678,576,668)

3,264,458,740

JDWSML

Corporate Farms

Merged

31-Mar-15

31-Mar-14

31-Mar-14

31-Mar-14

Rupees

Rupees

Rupees

Rupees

2,234,273,116

2,197,075,771

8,032,052,054

6,482,004,997

2,017,822,220

7,026,342,619

(374,147,483)

(81,192,690)

(455,340,173)

(324,910,469)

(324,910,469)

12,761,914,704

7,094,316,760

2,153,080,426

2,197,075,771

7,576,711,881

6,157,094,528

2,017,822,220

6,701,432,150

(3,639,974,581)

(11,285,111,906)

(6,642,877,754)

(979,759,455)

(1,953,209,927)

(5,708,086,060)

(4,827,911,486)

(2,528,277,762)

(5,882,704,650)

(375,515,841)

1,476,802,798

451,439,006

1,173,320,971

243,865,844

1,868,625,821

1,329,183,042

(510,455,542)

818,727,500

(9,713,153)

(268,685,781)

(242,155,556)

(4,373,332)

(6,280,256)

(252,809,144)

(150,159,885)

(5,794,772)

(155,954,657)

(57,682,309)

(7,975,716)

(7,975,716)

(47,784,427)

(47,784,427)

890,222

51,650,086

149,274,856

5,175,961

(2,228,735)

152,222,082

12,485,533

(621,208)

11,864,325

(8,822,931)

(274,718,004)

(100,856,416)

802,629

(8,508,991)

(108,562,778)

(185,458,779)

(6,415,980)

(191,874,759)

(384,338,772)

1,202,084,794

350,582,590

1,174,123,600

235,356,853

1,760,063,043

1,143,724,263

(516,871,522)

626,852,741

(48,243,429)

(50,028,462)

(10,775,460)

(60,803,922)

(16,475,767)

5,047,844

(11,427,923)

(112,204,737)

(731,190,636)

(549,258,192)

(120,751,514)

(1,044)

(670,010,750)

(416,233,817)

(77,515,052)

(493,748,869)

(112,204,737)

(779,434,065)

(599,286,654)

(120,751,514)

(10,776,504)

(730,814,672)

(432,709,584)

(72,467,208)

(505,176,792)

(496,543,509)

422,650,729

(248,704,064)

1,053,372,086

224,580,349

1,029,248,372

711,014,679

(589,338,730)

121,675,949

(88,725,592)

40,157,389

40,157,389

48,260,890

48,260,890

(496,543,509)

333,925,136

(208,546,675)

1,053,372,086

224,580,349

1,069,405,761

759,275,569

(589,338,730)

169,936,839

5.59

7,468,464,243

Quarter ended
Merged

17.89

2.84

JDW Sugar Mills Limited


Cash Flow Statement
For the six months ended 31 March 2015
Note

31-Mar-15
Rupees

31-Mar-14
Rupees

Cash flow from operating activities


Profit before taxation
Adjustments for non cash and other items:
Finance cost
Depreciation
Fair value loss on biological assets
Amortisation
Staff retirement benefits
Workers' profit participation fund
Workers' welfare fund
(Loss)/profit on disposal of operating assets
Gain on sale of investment

1,192,427,890

422,650,729

1,214,862,731
445,974,169
1,019,864
58,421,911
63,091,010
6,301,307
1,789,670,992
2,982,098,881

731,190,636
297,417,702
298,572,986
857,028
55,362,936
24,079,743
6,827,025
(2,578,645)
(20,000,000)
1,391,729,411
1,814,380,140

(63,674,275)
(14,529,325,394)
1,071,936,129
429,938,495
(851,222,507)
(13,942,347,552)

(115,142,941)
(11,487,594,129)
(460,369,837)
1,166,337,794
(350,696,860)
(11,247,465,973)

6,859,868,227
(4,100,380,443)

5,555,607,027
(3,877,478,806)

Net cash used in operations

(112,667,088)
(61,593,779)
(50,327,179)
(224,588,046)
(4,324,968,489)

(87,923,418)
(83,042,212)
(42,164,522)
(213,130,152)
(4,090,608,958)

Cash flow from investing activities


Property, plant and equipment

(1,087,548,803)

(2,970,988,320)

Investment in associated company


Payment/adjustmenr with respect to net assets acquired from JKFS
Advances to related parties
Proceeds realized from sale of operating assets
Long term deposits
Investment disposal during the period
Cash used in investing activities

(1,010,807,429)
7,436,967
(16,637,633)
(2,107,556,898)

(1,484,148,050)
(1,767,475,990)
(591,320,659)
3,648,451
(3,115,860)
220,000,000
(6,593,400,428)

Cash flow from financing activities


Long term loans - net
Short term borrowings - net
Finance cost paid
Dividend paid
Lease rentals
Cash generated from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period

(432,103,913)
8,650,778,311
(1,250,272,383)
2,831,109
(216,434,217)
6,754,798,907
322,273,520
86,806,776
409,080,297

1,327,691,506
10,837,829,320
(736,661,467)
(314,900,051)
(207,634,940)
10,906,324,368
222,314,982
41,354,895
263,669,877

Operating profit before working capital changes


(Increase) / decrease in current assets
Stores, spares and loose tools
Stock in trade
Biological assets
Advances, deposits, prepayments and other receivables
Trade debts
Increase in current liabilities
Trade and other payables
Cash (used in) / generated from operations
Income tax paid
Workers' profit participation fund paid
Staff retirement benefits paid

17

JDW Sugar Mills Limited


Statement of Changes in Equity
For the six months ended 31 March 2015
Reserves
Share
Capital

Balance as at 30 September 2013

Share
Premium

597,766,610

Accumulated
Profit
Rupees

678,316,928

Total
Reserves

Total

4,212,833,415

4,891,150,343

5,488,916,953

Final dividend @ Rs. 6.00 per share

(358,659,966)

(358,659,966)

(358,659,966)

Total comprehensive income for the period

333,925,136

333,925,136

333,925,136

Balance as at 31 March 2014

597,766,610

678,316,928

4,188,098,585

4,866,415,513

5,464,182,123

Balance as at 30 September 2014

597,766,610

678,316,928

4,705,196,874

5,383,513,802

5,981,280,412

Final dividend @ Rs. 5.00 per share

(298,883,305)

(298,883,305)

(298,883,305)

Total comprehensive income for the period

1,169,463,494

1,169,463,494

1,169,463,494

5,575,777,063

6,254,093,991

6,851,860,601

Balance as at 31 March 2015

597,766,610

678,316,928

JDW Sugar Mills Limited


Notes to the Financial Statements
For the six months ended 31 March 2015
31-Mar-15

30-Sep-14

31-Mar-15

30-Sep-14

Number

Number

Rupees

Rupees

1 Share capital
1.1 Authorized capital
Ordinary shares of Rs. 10 each
Preference shares of Rs. 10 each

75,000,000

75,000,000

750,000,000

750,000,000

25,000,000
100,000,000

25,000,000
100,000,000

250,000,000
1,000,000,000

250,000,000
1,000,000,000

32,145,725

32,145,725

321,457,250

321,457,250

27,630,936

27,630,936

276,309,360

276,309,360

59,776,661

59,776,661

597,766,610

597,766,610

1.2 Issued, subscribed and


and paid up capital
Ordinary shares of Rs. 10
each fully paid in cash
Ordinary shares of Rs. 10
each issued as fully paid up
bonus shares

Note
2 Redeemable capital - secured

Pak Libya Holding Co.


Current maturity

###

Rupees

Privately Placed Term Finance Certificates - II


Pair Investment Co. Ltd.

Less:

Unit - I
31-Mar-15

2.1

Unit - II
31-Mar-15

###

Rupees

Unit - III
31-Mar-15

Sugar
31-Mar-15

Co-Gen
31-Mar-15

Corporate Farms
31-Mar-15

Merged
31-Mar-15

Sugar
30-Sep-14

Corporate Farms
30-Sep-14

Merged
30-Sep-14

Rupees

Rupees

Rupees

Rupees

Rupees

Rupees

Rupees

Rupees

288,888,890

288,888,890

288,888,890

333,333,334

333,333,334

72,222,220
361,111,110

72,222,220
361,111,110

72,222,220
361,111,110

83,333,332
416,666,666

83,333,332
416,666,666

111,111,111
249,999,999

111,111,111
305,555,555

111,111,111
305,555,555
###

111,111,111
249,999,999

111,111,111
249,999,999

3 Long term loans - secured


UBL Led Syndicate
United Bank Limited
Faysal Bank Limited

###
###

468,753,280
448,000,000

468,753,280
448,000,000

The Bank of Punjab


Pak Kuwait Investment Co.

###
###

217,600,000
183,600,000

217,600,000
183,600,000

Meezan Bank Limited


Soneri Bank Limited

###
###

160,000,000
89,600,000

160,000,000
89,600,000

1,567,553,280

1,567,553,280

HBL Led Syndicate


MCB Bank Limited

###

35,714,286

35,714,286

35,714,286

79,428,571

79,428,571

Habib Bank Limited


Faysal Bank Limited

###
###

31,250,000
31,250,000

31,250,000
31,250,000

31,250,000
31,250,000

69,500,000
69,500,000

69,500,000
69,500,000

JS Bank Limited
Pak Kuwait Investment Co. (Pvt.) Ltd.

###
###

13,392,850
13,392,851

13,392,850
13,392,851

29,785,708
29,785,709

29,785,708
29,785,709

124,999,987

124,999,987

13,392,850
13,392,851
124,999,987

277,999,988

277,999,988

MCB Bank Limited


The Bank of Punajb

###
###

1,000,000,000
800,000,000

1,000,000,000
800,000,000

905,042,663
797,645,077

Allied Bank Limited


United Bank Limited

###
###

940,000,000
500,000,000

940,000,000
500,000,000

860,604,805
457,768,512

Askari Bank Limited


Habib Metro Bank Limited

###
###

500,000,000
100,000,000

500,000,000
100,000,000

458,053,208
91,268,999

JS Bank Limited
Meezan Bank Limited

###
###

150,000,000
349,679,795

150,000,000
349,679,795

150,000,000
293,040,186

4,339,679,794

4,339,679,794

4,013,423,449

Co Gen

BMR
Pak Oman Investment Company

500,000,000

500,000,000

500,000,000

500,000,000

500,000,000

Silkbank Ltd.
The Bank of Punajb

450,000,000
700,000,000

450,000,000
700,000,000

450,000,000
700,000,000

450,000,000
700,000,000

450,000,000
700,000,000

Dubai Islamic Bank


Askari Bank Islami

500,000,000
300,000,000

500,000,000
300,000,000

500,000,000
300,000,000

500,000,000
300,000,000

500,000,000
300,000,000

JDW Sugar Mills Limited


Notes to the Financial Statements
For the six months ended 31 March 2015
2,450,000,000

2,450,000,000

2,450,000,000

2,450,000,000

2,450,000,000

Corporate Farms
Faysal Bank Limited

568,750,001

568,750,001

568,750,001

622,916,667

622,916,667

United Bank Ltd.


The Bank of Punjab

400,000,000
299,985,680

400,000,000
299,985,680

400,000,000
299,985,680

299,985,680

299,985,680

1,268,735,681

922,902,347

397,500,000
383,333,332

450,000,000
438,888,888

48,750,000
937,638,888
6,156,094,503

48,750,000
937,638,888
10,169,517,952

1,211,429,831 #
4,944,664,672

###
-

1,605,975,286
8,563,542,666

1,268,735,681

1,268,735,681

922,902,347

Others
Faysal Bank Limited
Saudi Pak Industrial & Agricultural Investment Company Ltd.
Pak Brunei Investment Company Ltd.

Less:

Current maturity

397,500,000
383,333,332

397,500,000
383,333,332

41,250,000
822,083,332
4,540,819,013

41,250,000
822,083,332
4,665,819,000

124,999,987

4,339,679,794

41,250,000
822,083,332
9,005,498,794

788,819,443
3,751,999,570

124,999,987 #
-

913,819,430 #
3,751,999,570

394,545,455 #
3,945,134,339

-###
-

1,308,364,885 #
7,697,133,909

450,000,000
438,888,888

4 Liabilities against assets subject to finance lease


The amount of future minimum lease payments along with their present value and the periods during which they will fall due are:

Unit - I
31-Mar-15

Not later than one year


Later than one year and not later

Minimum

Finance
cost for

Finance
Minimum

lease
payments

future
periods

Present
value

Rupees

Rupees

Rupees

407,851,838

94,172,937

313,678,901

1,000,330,190
1,408,182,028

159,686,208
253,859,145

840,643,982
1,154,322,883

Later than one yea

than five years

30 Sep 2014

Not later than one year


Later than one year and not later
than five years

Note

Unit - I
31-Mar-15
Rupees

Unit - II
###

31-Mar-15
Rupees

###

Minimum

Finance
cost for

lease
payments

future
periods

Present
value

Rupees

Rupees

Rupees

433,781,096

94,189,520

339,591,576

925,356,790
1,359,137,886

128,635,074
222,824,594

796,721,716
1,136,313,292

Unit - III

Sugar

Co-Gen

Corporate Farms

31-Mar-15
Rupees

31-Mar-15
Rupees

31-Mar-15
Rupees

31-Mar-15
Rupees

###

Merged

Sugar

Corporate Farms

Merged

31-Mar-15
Rupees

30-Sep-14
Rupees

30-Sep-14
Rupees

30-Sep-14
Rupees

1,519,901,808

1,712,957,401

Deferred Liabilities
Deferred taxation
5 Satff retirement benefits - Gratuity
Opening Balance

1,271,195,149

95,390,123

153,316,535

1,519,901,807

1,519,901,807

1,712,957,401

68,256,699

68,256,699

68,256,699

44,694,419

44,694,419

Add: Provision for the period


Charge to other comprehensive income

7,573,587
###

7,573,587
-

7,573,587
-

14,827,459
13,625,594

14,827,459
13,625,594

Less: Paid during the period


Closing Balance

(2,973,913)
72,856,373

(2,973,913)
72,856,373

(2,973,913)
72,856,373

(4,890,773)
68,256,699

(4,890,773)
68,256,699

Limit in Million
6 Short term borrowings - Secured
Cash finances
Running finances
Finance against trust receipt

14,621

6,638,790,000

3,350,000,000

4,302,260,200

14,291,050,200

14,291,050,200

4,075,998,153

4,075,998,153

4,623
600

1,992,278,011
101,059,311

(1,910,961,034)
-

3,109,630,774
1,625,903

3,190,947,751
102,685,214

113,733,291
19,414,801

3,304,681,042
122,100,014

4,701,366,978
252,303,504

4,738,751,288
252,303,504

JDW Sugar Mills Limited


Notes to the Financial Statements
For the six months ended 31 March 2015
8,732,127,322
7 Current portion of non current liabilities
Redeemable capital
Long term finances
Liabilities against assets subject to finance lease

111,111,111

3
4

788,819,443
257,226,142
1,157,156,696
Unit - I
31-Mar-15

1,439,038,966

7,413,516,877

##
22,728,267

124,999,987##
33,724,492

22,728,267

158,724,479

133,148,092

111,111,111
913,819,430##
313,678,901
1,338,609,442

394,545,455##
-

17,717,831,256

9,029,668,636

111,111,111

111,111,111

###
-

1,308,364,885##
313,678,901

1,211,429,831##
339,591,576

##
-

1,605,975,286
339,591,576

1,733,154,897

1,662,132,518

2,056,677,973

Merged
31-Mar-15

Sugar
30-Sep-14

Corporate Farms
30-Sep-14

Merged
30-Sep-14

Rupees

Rupees

Rupees

Rupees

394,545,455

111,111,111

Sugar
31-Mar-15

Co-Gen
31-Mar-15

Rupees

Rupees

Rupees

Rupees

1,212,707,143

821,992,090

119,128,152

2,153,827,385

2,153,827,385

###

48,625,122
1,261,332,265

565,088
822,557,178

119,128,152

49,190,210
2,203,017,595

49,190,210
2,203,017,595

###
###

194,870,365

129,546,855

107,715,798

432,133,018

298,661,984

107,405,221

838,200,223

539,066,787

141,891,277

960,929,049

38,589,475

###
14,297,239

18,862,556

71,749,270

14,186,169

7,825,293

93,760,732

102,098,324

76,763,985
226,176

76,763,985
160,207,579

2,515,020
235,974,860

12,504,195
156,348,289

5,578,306
132,156,660

20,597,521
524,479,809

550,244
313,398,397

115,230,514

21,147,765
953,108,720

21,560,195
662,725,306

218,881,438

27,050,721
1,224,951,334

581,378,643
4,708,212,769
63,091,010

(293,705,755)
2,453,052,115
-

393,704,135
-

287,672,888
7,554,969,019
63,091,010

287,672,888
7,554,969,019
63,091,010

612,226,324
2,177,189,975
51,494,401

116,868,904
22,305,377

37,669,615
2,335,185

7,961,068
-

162,499,587
24,640,562

2,730,184
-

35,639,168
-

200,868,939
24,640,562

13,151,328
21,809,453

8,400,831
-

22,671,487
21,809,453

577,229
54,747,199

140,627
1,613,553

1,214,090
725,767

1,931,946
57,086,519

630,128

1,166,027

1,931,946
58,882,674

3,480,410
21,085,006

1,008,988

3,480,410
23,700,441

(24,182,209)

###
4,704,737

56,345,535

36,868,063

206,736

10,322,775

47,397,574

31,814,198

447,573,456
9,761,155

447,573,456
41,839,687

7,020,306,047

3,184,715,544
3,184,715,544

711,235,407
711,235,407

10,916,256,998

316,965,445

162,358,484

11,395,580,927

3,594,976,400

685,625,868

4,626,936,967

Local
Haji Siddique

458,495,859

211,620,600

670,116,459

46,002,259

Rehim Gul
Musa Bhai

649,395,171
409,434,705

215,630,295

594,000

649,395,171
625,659,000

H Zameer
Aftab Traders
Muhammad Ahmed

185,418,020
357,476,273
343,875,500

298,391,039
189,675,707
145,743,865

79,358,948
11,457,000
55,741,200

563,168,007
558,608,980
545,360,565

Abdul Rehman
Azeem Khan

376,634,999
-

82,885,750
453,217,977

Behram Khan
Muhammad Nadeem

370,804,230
197,960,630

52,000,000
61,647,000

20,575,233

422,804,230
280,182,863

Tawakal Traders
Haji Zameer

123,591,905
161,268,894

97,756,204
64,260,000

29,525,373
-

250,873,482
225,528,894

Asad Butt
Gul Gul Khan

114,163,574
79,395,000

93,310,621
39,868,020

24,205,500

207,474,195
143,468,520

Mian Saeed
Rehman Khan

38,713,172
59,100,000

70,656,428
14,700,000

Ali Raza Khan


Haroon Enterprises

72,432,433
22,914,881

24,533,180

Muhammad Azam
Niazi Traders

30,449,250
33,085,798

9,000,000
108,840

Haider Ali
AA Traders

21,534,000

27,594,000
-

1,493,765

###
7,627,025

Rupees

###

Corporate Farms
31-Mar-15
###

9,067,052,946

Unit - III
31-Mar-15

###

Unit - II
31-Mar-15

17,584,683,165

Rupees

8 Trade and other payables


Growers payables
Growers
NRSP
Trade creditors
For goods
Landlords
For services/contractors
Retention money
Payable on behalf of growers
Advances from customers
Workers' profit participation fund
Accrued payables
Unclaimed dividend
Withholding tax on sales
Tax deducted at source
Payable to JKFS
Other payables

8.1
8.2

612,226,324
2,177,189,975
51,494,401

8.1 Advances from customers


Sugar

Haji Khan Muhammad


Haider

8,596,600

670,116,459

649,395,171
625,659,000
-

459,520,749
453,217,977

563,168,007
558,608,980
545,360,565

8,325,000
59,820,981
-

###
###
-

46,002,259
8,325,000
59,820,981
-

459,520,749
453,217,977

422,804,230
280,182,863

250,873,482
225,528,894

13,224,325

13,224,325

207,474,195
143,468,520

29,775,000
-

###

29,775,000
-

109,369,600
73,800,000

34,300,172
-

34,300,172
-

109,369,600
73,800,000
72,432,433
56,044,661

72,432,433
56,044,661

105,439,279
2,599,580

105,439,279
2,599,580

39,449,250
33,194,638

39,449,250
33,194,638

13,425,000
49,272,617

13,425,000
49,272,617

27,594,000
21,534,000

27,594,000
21,534,000

29,100,000
52,380,000

29,100,000
52,380,000

21,578,796
9,120,790

21,578,796
9,120,790

21,578,796
304,374,853

21,578,796
304,374,853

21,578,796
-

JDW Sugar Mills Limited


Notes to the Financial Statements
For the six months ended 31 March 2015
Lal and Company
Nadeem Aftab
Manzoor Brothers
Haji Farooq
Umar Khan
Sohaib Malik
Zahid Riaz
Suhail
Murad Ali
Ebadullah
Others
Export
Khoshi Ltd

###

2,476,700

2,476,700

2,188,673

5,000,000

2,188,673
5,000,000

2,188,673
5,000,000

163,525,294
-

516,618
-

###

68,030

516,618
68,030

516,618
68,030

516,618
68,030

516,618
68,030

50,866
1,300,245

(3,748)
(1,300,245)

47,118
-

47,118
-

37,562,466
51,996,178

37,562,466
51,996,178

###
###

18,775,592
14,550,000

18,775,592
14,550,000

67,229
223,572,227
4,335,032,896

2,476,700

2,518,600
2,161,742,179

(2,585,829)
(1,279,000)
255,312,551

222,293,227
6,752,087,626

222,293,227
6,752,087,626

2,953,329
10,511,520
1,070,076,889

###

- #

2,953,329
10,511,520
1,070,076,889

###

36,285,483

36,285,483

36,285,483

###
###

28,634,388
25,580,746

28,634,388
25,580,746

28,634,388
25,580,746

1,870,037

1,870,037

Qayoom Afghan Ltd


Azamat Arya Ltd

###
###

10,268,215
6,994,106

10,268,215
6,994,106

10,268,215
6,994,106

20,892,815
-

20,892,815
-

Paktika Wazirzai Co Ltd


Shamshad Afghan

###
###

6,768,878
3,771,372

6,768,878
3,771,372

6,768,878
3,771,372

Al- Sudais Ltd


Ekram Fayaz

###
2,960,297

3,426,095
-

3,426,095
2,960,297

3,426,095
2,960,297

Akhtar Zada Ltd


Rehman Khaled Ltd

###
###

1,563,380
372,298

1,563,380
372,298

1,563,380
372,298

84,042,569
-

84,042,569
-

Sultani Ltd
Seyyam Ltd

###
###

314,286
245,517

314,286
245,517

314,286
245,517

231,122,577
-

231,122,577
-

Bradran Amin Qasim Khrotti


Eizat Naeem Afghan Ltd
Bakht Mohammad Ltd

###
###
###

30,813
56,694
59,057

30,813
56,694
59,057

30,813
56,694
59,057

Nawi Sherin Ltd

###
2,960,297

762,810
125,134,138

762,810
128,094,435

762,810
128,094,435

475,770,000

9,765,286
-

9,765,286
-

225,810,000

###
249,960,000

9,765,286

485,535,286

485,535,286

Molasses
Premier Industrial Chemical

86,676,790

21,432,665

108,109,455

108,109,455

300,004,860

300,004,860

Shahmurad Sugar Mills Ltd


Al-Abbas Sugar Mills Ltd

49,319,440
7,600

8,912,366

49,319,440
8,919,966

49,319,440
8,919,966

130,132,596

130,132,596

3,023,405
-

5,447,802
###

8,471,207
535,865

8,471,207
535,865

130,125,000
535,865

130,125,000
535,865

63,800
-

63,800
-

130,125,001

130,125,001

3,670
175,423,403

3,670
175,423,403

67,020
690,990,342 #

- #

67,020
690,990,342

Habib Sugar Mills Ltd


Matol (Pvt) Ltd
Bulk Management Pakistan (Pvt) Ltd
Unicol Ltd
Others

3,670
139,030,905

63,800
###
35,856,633

535,865
535,865

337,927,998

475,770,000

Sukkur Beverages

- #

9,765,286

249,960,000

337,927,998 #

###

Hamdard Laboratories
Northern Botteling

225,810,000

###

163,525,294
-

Noor Hakim Ltd


Wazirzai International Ltd

Institutional
Habib Sugar

49,275,000

49,275,000

1,071,214
50,346,214 #

- #

1,071,214
50,346,214

Bagasse
Garibsons
Shakargunj

1,473,578
1,044,407

1,473,578
1,044,407

1,473,578
1,044,407

13,066,330
9,188,017

13,066,330
9,188,017

Shahmurad Sugar
Colony Sugar

338,322
125,791

338,322
125,791

338,322
125,791

1,932,212
125,791

1,932,212
125,791

Pak Ethanol
Jullunder Pvt Ltd.

27,571
-

###

27,571
-

27,571
-

27,571
140,320

27,571
140,320

3,009,669
21,255

2,533,006

75,897

3,009,669
2,630,158

3,009,669
2,630,158

25,013,207 #
1,963,177

- #
-

25,013,207
1,963,177

5,308,044
4,708,212,769

2,453,052,115

2,880,398
393,704,135

8,188,442
7,554,969,019

8,188,442
7,554,969,019

872,148
2,177,189,975 #

- #

872,148
2,177,189,975

- #

- #

Scrap
Mud

JDW Sugar Mills Limited


Notes to the Financial Statements
For the six months ended 31 March 2015
8.2 Workers' profit participation fund
Opening balance
Add: Allocation for the year
Interest on funds utilized in the
company's business
Less: Paid during the year
Closing balance

51,494,401
63,091,010

51,494,401
63,091,010

51,494,401
63,091,010

69,959,558
51,494,401

10,099,378

10,099,378

10,099,378

13,082,654

13,082,654

124,684,789
61,593,779

124,684,789
61,593,779

124,684,789
-

134,536,613
83,042,212

134,536,613
83,042,212

63,091,010

63,091,010

124,684,789

51,494,401

51,494,401

Unit - I
31-Mar-15
Rupees

###

Unit - II
31-Mar-15
Rupees

###

Unit - III
31-Mar-15
Rupees

Sugar
31-Mar-15
Rupees

Co-Gen
31-Mar-15
Rupees

Corporate Farms
31-Mar-15
###
Rupees

Merged
31-Mar-15
Rupees

Sugar
30-Sep-14
Rupees

69,959,558
51,494,401

Corporate Farms
30-Sep-14
Rupees

Merged
30-Sep-14
Rupees

9 Contingencies and commitments


Commitments in respect of:
9.1 Cross corporate guarantees for DSML
The Bank of Punjab

148,000,000

148,000,000

148,000,000

148,000,000

148,000,000

Standard Chartered Modaraba


Meezan Bank Limited

102,319,248
100,000,000

102,319,248
100,000,000

102,319,248
100,000,000

102,319,248
100,000,000

102,319,248
100,000,000

Habib Bank Limited

30,000,000
380,319,248

7,500,000
357,819,248

30,000,000
380,319,248

30,000,000
380,319,248

30,000,000
380,319,248

Faysal Bank Limited


Bank Alflah Limited

550,000,000
454,000,000

550,000,000
454,000,000

550,000,000
454,000,000

3,883,333,333
454,000,000

3,883,333,333
454,000,000

NIB Bank
JS Bank

300,000,000
135,000,000

300,000,000
135,000,000

300,000,000
135,000,000

300,000,000
-

###

300,000,000
-

Summit Bank
Habib Bank Limited
The Bank of Punjab

124,000,000
-

###
###

124,000,000
-

124,000,000
-

124,000,000
460,000,000
480,000,000

124,000,000
460,000,000
480,000,000

1,563,000,000

1,563,000,000

1,563,000,000

5,701,333,333

5,701,333,333

155,688,235
155,688,235

155,688,235

155,688,235

617,912,249

617,912,249

82,000,000

82,000,000

82,000,000

82,000,000

###
###

41,685,000

92,225,000
41,685,000

1,000,000

###
-

1,000,000

1,000,000

13,975,000
1,000,000

13,975,000
1,000,000

957,000
200,000

957,000
200,000

957,000
200,000

957,000
200,000

957,000
200,000

84,157,000

84,157,000

84,157,000

139,817,000

232,042,000

4,132,132,096

3,622,907,013

2,613,328,406

10,368,367,515

5,827,665,354

1,897,147,358

18,093,180,226

7,873,776,054

1,865,781,655

12,612,116,268

63,509,749
4,195,641,845

58,185,452
3,681,092,465

2,613,328,406

121,695,201
10,490,062,716

5,827,665,354

8,916,856
1,906,064,214

130,612,057
18,223,792,283

1,915,313,224
9,789,089,278

7,041,205
1,872,822,860

4,524,127,212
17,136,243,480

9.2 Counter guarantees given on account of agricultural loan


to growers:

9.3 Letters of credit for Import of machinery


and its related components
9.4 Letters of guarantee in favour of
Shell Pakistan Limited
National Transmission & Despatch Company (NTDC)
Fatima Fertilizers Limited
The Alternative Energy Development Board
Pakistan State Oil Company Limited
Punjab Power Development Board
Surety Bonds

10 Property, plant and equipment


Operating fixed assets

10.1

Capital work in progress

58,185,452

82,000,000

#REF!

11 Investment Property
Balance as at 01 October
Transfer to:

173,026,930

Corporate Farms
Free hold land

###
-

608,310,693

608,310,693

###
-

Balance as at 30 Sep

173,026,930

12 Intangible Assets
Goodwill
Oracle computer software

12.1

173,026,930

173,026,930

608,310,693

608,310,693

17,677,642
17,677,642

173,026,930

472,929,607

472,929,607

(38,006,785)
(261,895,892)

(38,006,785)
(261,895,892)

173,026,930

173,026,930

173,026,930

608,310,693

608,310,693

608,310,693

17,677,642
625,988,335

608,310,693

18,511,816
18,511,816

18,511,816
626,822,509

JDW Sugar Mills Limited


Notes to the Financial Statements
For the six months ended 31 March 2015
12.1 Oracle computer software
Cost
Less: amortisation

13 Investments
Investment in associated companies
Investment in subsidiary company

###
###

###
###

20,397,279
(2,719,637)

20,397,279
(2,719,637)

20,397,279
(1,885,463)

17,677,642

643,665,977

18,511,816

13.1

2,044,648,050

2,044,648,050

2,044,648,050

2,044,648,050

2,044,648,050

13.2

1,049,750,000
3,094,398,050

1,049,750,000
3,094,398,050

1,049,750,000
3,094,398,050

1,049,750,000
3,094,398,050

1,049,750,000
3,094,398,050

2,044,648,050

2,044,648,050

2,044,648,050

2,044,648,050

2,044,648,050

90,000,000
(90,000,000)

90,000,000
(90,000,000)

90,000,000
(90,000,000)

90,000,000
(90,000,000)

90,000,000
(90,000,000)

2,044,648,050

2,044,648,050

2,044,648,050

2,044,648,050

###
-

2,044,648,050

1,049,750,000

1,049,750,000

1,049,750,000

1,049,750,000

1,049,750,000

Merged
31-Mar-15
Rupees

Sugar
30-Sep-14
Rupees

13.1 Investment in associated companies


Faruki Pulp Mills Limited
199,914,805 (2013: 51,500,0000) fully paid shares of Rs. 10 each
Equity held 48.39% (2013 : 47.69%)
JDW Power (Private) Limited
9,000,000 (2013: 9,000,000) fully paid shares of Rs. 10 each
Equity held 47.37% (2013 : 47.37%)
Accumulated impairment allowance

13.2 Investment in subsidiary company


Deharki Sugar Mills (Private) Limited
104,975,000 (2013: 104,975,000) fully paid shares of Rs. 10 each
Equity held 99.98% (2013 : 99.98%)

Unit - I
31-Mar-15
Rupees
14 Long term advances
Advances to DISCO's
Less: Current maturity

###

Unit - II
31-Mar-15
Rupees

###

Unit - III
31-Mar-15
Rupees

Sugar
31-Mar-15
Rupees

Co-Gen
31-Mar-15
Rupees

Corporate Farms
31-Mar-15
###
Rupees

Corporate Farms
30-Sep-14
Rupees

Merged
30-Sep-14
Rupees

31,000,000

35,000,000

66,000,000

66,000,000

67,000,000

67,000,000

###
31,000,000

(8,000,000)
27,000,000

(8,000,000)
58,000,000

(8,000,000)
58,000,000

(9,000,000)
58,000,000

(9,000,000)
58,000,000

Advance to Deharki Sugar Mills (Private) Limited (DSML)

###

###

1,567,553,280

Less: Current maturity

###
###

(489,860,400)
1,077,692,880

31,000,000

27,000,000

58,000,000

58,000,000

58,000,000

162,469,478
108,640,330

86,823,105
77,408,304

148,385,969
113,322,239

397,678,552
299,370,873

69,385,514
31,341,121

315,804,015
-

782,868,081
330,711,994

271,590,797
390,257,461

9,392,726
27,362,099

4,271,608
7,264,889

6,365,002
14,119,068

20,029,336
48,746,056

2,267,066

20,029,336
51,013,122

15,769,991
41,639,151

15,769,991
44,092,085

4,555,598
2,187,442

5,727,050
5,143,665

8,057,792
2,706,677

18,340,440
10,037,784

13,882,123
2,189,706

32,222,563
12,227,490

19,346,630
8,754,459

34,439,231
10,434,976

314,607,673
(25,120,771)
289,486,902

186,638,621
(6,652,025)
179,986,596

292,956,747
(12,309,808)
280,646,939

794,203,041
(44,082,604)
750,120,437

119,065,530
119,065,530

1,229,072,586
(44,082,604)
1,184,989,982

747,358,489
(44,082,604)
703,275,885

Unit - I

Unit - II

Unit - III

Sugar

Co-Gen

Corporate Farms

Merged

Sugar

Corporate Farms

Merged

31-Mar-15
Rupees

31-Mar-15
Rupees

31-Mar-15
Rupees

31-Mar-15
Rupees

31-Mar-15
Rupees

30-Sep-14
Rupees

30-Sep-14
Rupees

30-Sep-14
Rupees

-###

1,135,692,880

15 Stores, spares and loose tools


Stores
Spares
Packing material
Oil and lubricants
Loose tools
Civil stores
Provision for obsolescence

315,804,015
315,804,015

241,536,691
-

241,536,691
241,536,691

656,374,839
404,287,189

1,165,398,311
(44,082,604)
1,121,315,707

16 Stock in trade

31-Mar-15
Rupees

###

31-Mar-15
Rupees

###

Finished
Sugar
Bagasse
Molasses

8,319,217,397

4,435,792,754

5,049,076,486

17,804,086,637

17,804,086,637

4,172,625,671

4,172,625,671

349,554,658
137,040,451

147,194,800
168,042,960

149,730,595
50,703,219

646,480,053
355,786,631

646,480,053
355,786,631

211,237,719
5,362,413

211,237,719
5,362,413

8,805,812,506

4,751,030,514

5,249,510,301

18,806,353,321

18,806,353,321

4,122,438,031

4,389,225,802

87,593,199

87,593,199

104,555,297

Work in process
Sugar

87,593,199

JDW Sugar Mills Limited


Notes to the Financial Statements
For the six months ended 31 March 2015
Molasses

19,242,256
106,835,455
8,912,647,961

4,751,030,514

5,249,510,301

19,242,256

19,242,256

28,108,587

106,835,455
18,913,188,775

106,835,455
18,913,188,775

132,663,884
4,383,863,390

4,383,863,390

17 Biological Assets
Sugarcane crop
Immature - classified non current assets
Mature - classified current assets

###
###

588,966,754
31,084,900

588,966,754
31,084,900

10,471,822
1,681,515,961

10,471,822
1,681,515,961

620,051,654

620,051,654

1,691,987,783

1,691,987,783

12,584,364
12,584,364

1,528,483,864
(14,486,141)
1,513,997,723

167,441,828
(14,486,141)
152,955,687

677,261,357
(14,486,141)
662,775,216

18 Trade Debts
Trade debts - Unsecured
Less: Provision for doubtful debts

18.1

18.1 Sugar
Local
Mushtaq Paracha
NiaziTraders
Haji Ghaffar
Baran Khan
Nadeem Aftab
Haji Ghaffar
Faisal Malik
Suhail
Barkat Ali
Ravi Traders
Haroon Enterprises
Suhail Brothers

308,976,369
308,976,369

18,033,392
(14,486,141)
3,547,251

102,762,633
102,762,633

429,772,394
(14,486,141)
415,286,253

8,991,750
2,381,989

###

21,841,114
3,750,000

30,832,864
3,750,000
2,381,989

30,832,864
3,750,000
2,381,989

30,832,864
-

30,832,864
-

1,967,402

###
-

1,838,120
-

1,838,120
1,967,402

1,838,120
1,967,402

2,600,000
-

2,600,000
-

189,000

###
-

238,400
-

238,400
189,000

238,400
189,000

189,000

189,000

26,008
77,516

26,008
77,516

26,008
77,516

77,516

14,227
-

14,227
-

14,227
-

2,381,519

2,381,519

125,856
12,448

125,856
12,448

M Tufail
Asad Butt

95,539

Others

1,086,127,106
1,086,127,106

###

###
-

10,525

106,064

77,516

106,064

9,978,405
94,839

9,978,405
94,839

13,743,431

27,678,159

41,421,590

41,421,590

46,292,447

46,292,447

Shamim & Company (Pvt) Ltd


Hamdard Laboratories

67,848,278
-

65,395,287

67,848,278
65,395,287

67,848,278
65,395,287

80,808,278
-

80,808,278
-

Pakistan Beverages
Pakola Products

30,382,996
16,125,000

30,382,996
16,125,000

30,382,996
16,125,000

18,696

18,696
-

Sukkur Beverages
Trading Corporation of Pakistan

12,440,411
1,212,742

2,555,239

386,084

12,440,411
4,154,065

12,440,411
4,154,065

4,154,065

128,009,427

2,555,239

9,303,103
75,084,474

9,303,103
205,649,140

9,303,103
205,649,140

84,981,039

14,486,141

14,486,141
194,041
14,680,182

Institutional

Asian Food Industries


Molasses
United Ethanol Industries

Sheikh Hameed Farms


Gondal Brothers

Export
Electricity
Captive - Mepco

14,486,141

225,450
-

194,041

225,450
194,041

225,450
194,041

225,450

14,680,182

14,905,632

14,905,632

121,863

797,971

919,834

919,834

166,876,198

166,876,198

166,876,198

14,486,141

###
21,473,933

- #

84,981,039

14,486,141

###
###
- #

Co-Gen
National Transmission & Desptach Company (NTDC)

194,041
14,680,182
21,473,933
-

Delivered energy
Un-delivered energy

###
###

1,065,375,184
4,483,628

1,065,375,184
4,483,628

Pass through items


Mark up on delayed payments

###
###

6,311,782
9,956,512

6,311,782
9,956,512

308,976,369
19 Advances, deposits, prepayments and
other receivables
Advances to related parties

4,154,065

19.1

2,623,872,752

18,033,392
(84,225,239)

102,762,633
(228,288,878)

429,772,394
2,311,358,635

1,086,127,106
1,086,127,106

12,584,364

###

(64,797,871)

1,086,127,106
1,528,483,864

167,427,601
-

2,246,560,764

1,526,332,834

504,383,782
###
###

2,281,018
3,154,729

###
-

5,435,747
677,247,130

####
303,669

(14,227)
1,526,573,721

JDW Sugar Mills Limited


Notes to the Financial Statements
For the six months ended 31 March 2015
Advances to suppliers and contractors

19.2

Letters of credit
Federal excise duty and sales tax receivable

157,754,718

95,911,017

37,572,744

291,238,479

68,818,586

90,036,949

450,094,015

371,679,152

52,729,926

521,182,347

105,724,308
260,602,885

(3,049,242)
(80,276,483)

7,706,203
(213,094,520)

110,381,269
(32,768,118)

85,160,458
190,637,491

43,218,242

195,541,727
201,087,615

319,481,390
(41,580,921)

76,429,108

562,512,945
244,109,868

7,300,000
###

121,000,000
6,115,680

128,300,000
6,115,680

128,300,000
6,115,680

18,240,003

###
-

18,240,003

3,980,821
12,184,999

4,682,011
1,952,664

33,156,604
20,521,552

7,243,250
(990,586)

10,298,817
1,274,118

50,698,671
20,805,084

20,864,856
31,612,707

11,750,639
2,885,009

42,346,785
33,983,464

8,000,000
3,596,334

8,000,000
7,282,375

(1,479,438)

2,099,011

8,000,000
7,901,948

9,000,000
66,603,586

504,237

9,000,000
67,107,823

(250,757,763)

2,883,586,476

284,591,890

146,927,137

3,315,105,503

2,322,233,607

144,602,588

3,025,056,955

Export subsidy receivable


Deposits
Prepaid expenses
Advances to staff
Current maturity of long term advances
Other receivables

19.3
19.4

24,493,772
6,383,889

14

3,686,041
5,023,641,696
Unit - I

(48,174,127)
Unit - II

31-Mar-15
Rupees

###

31-Mar-15
Rupees

###

Unit - III

Sugar

Co-Gen

Corporate Farms

31-Mar-15
Rupees

31-Mar-15
Rupees

31-Mar-15
Rupees

31-Mar-15
Rupees

###

Merged

Sugar

Corporate Farms

Merged

31-Mar-15
Rupees

30-Sep-14
Rupees

30-Sep-14
Rupees

30-Sep-14
Rupees

19.1 Advances to related parties


Deharki Sugar Mills (Private) Limited
Short term advances
Current maturity of long term advances to related party

14

1,999,151,851
-

(84,225,239)
-

(228,288,878)
-

1,686,637,734
-

(64,797,871)
-

1,621,839,863
-

611,032,434
489,860,400

1,999,151,851
624,720,901
2,623,872,752

(84,225,239)
(84,225,239)

(228,288,878)
(228,288,878)

1,686,637,734
624,720,901
2,311,358,635

(64,797,871)
(64,797,871)

1,621,839,863
624,720,901

127,010,105

90,796,445

19,283,812

237,090,362

31,377,243
158,387,348

5,509,521
96,305,966

16,318,333
35,602,145

158,387,348

###
96,305,966

18,827,988
-

303,669
-

2,246,560,764

1,100,892,834
425,440,000
1,526,332,834

45,330,352

8,168,101

290,588,815

885,391,029

20,985,494

53,205,097
290,295,459

11,622,546
56,952,898

8,168,101

64,827,643
355,416,458

114,386,161
999,777,190 #

20,985,494 #

149,345,172
1,114,660,760

35,602,145

290,295,459

56,952,898

8,168,101

355,416,458

(691,942,958)
307,834,232

20,985,494 #

(691,942,958)
422,717,802

617,316
###

(829,088)
-

18,616,216
-

11,865,688
-

62,071,330

30,481,904
62,071,330

81,518,116
-

###
-

2,799,687

2,799,687

19,797,518
-

19,797,518
2,799,687

2,799,687

31,744,432
-

31,744,432
2,799,687

18,827,988
177,215,336

617,316
96,923,282

1,970,599
37,572,744

21,415,903
311,711,362

11,865,688
68,818,586

81,868,848
90,036,949

115,150,439
470,566,898

84,317,803
392,152,035

31,744,432
52,729,926

118,937,428
541,655,230

(19,460,618)
157,754,718

(1,012,265)
95,911,017

37,572,744

(20,472,883)
291,238,479

68,818,586

90,036,949

(20,472,883)
450,094,015

(20,472,883)
371,679,152

52,729,926

(20,472,883)
521,182,347

19.3 Prepaid expenses


Insurance

11,610,751

2,864,859

3,843,203

18,318,813

7,243,250

9,330,808

34,892,871

6,641,167

11,250,950

27,623,407

Rent
Subscription

10,039,107
2,743,914

1,115,962

968,009

10,039,107
4,827,885

7,938,359
2,421,974

499,690

7,938,359
2,921,664

100,000
-

###

100,000
838,808

3,863,356

24,493,772
-

Faruki Pulp Mills Limited

19.2 Advances to local suppliers, foreign suppliers and contractors


Suppliers
Contractors
Less: Advance for capital expenditure

Foreign suppliers
Against lease land

Professional Tax
Sindh police

19.4 Advances to staff


-against salaries
-against expenses

1,101,133,721
425,440,000
1,526,573,721
###

Landlords
HESCO

Less: Provision for doubtful advances

303,669 #
303,669

611,273,321
489,860,400

10,039,107
3,859,876

838,808

100,000
838,808

3,980,821
-

4,682,011
-

33,156,604
-

7,243,250

10,298,817
-

50,698,671
-

20,864,856
- #

3,218,369
3,165,520

11,180,667
1,004,332

528,983
1,423,681

14,928,019
5,593,533

126,761
(1,117,347)

1,274,118
-

16,328,898
4,476,186

6,383,889
-

12,184,999
-

1,952,664
-

20,521,552
-

(990,586)

1,274,118
-

20,805,084
-

(7,526,605,447)
-

582,051,894
36,738,735

7,947,413,467
-

1,002,859,914
36,738,735

(658,337,839)
-

(7,526,605,447)
16,846,982

618,790,629
39,875,321

7,947,413,467
(1,163,840)

1,039,598,649
55,558,463

(658,337,839)
(31,113,774)

(7,509,758,465)

658,665,950

7,946,249,627

1,095,157,112

(689,451,613)

965,315,588

84,393,309
-

3,863,356

11,750,640
(1)#

42,346,786
(1)

26,391,751
5,220,956

2,885,009
-

29,276,760
4,706,704

31,612,707
- #

2,885,009
- #

33,983,464
-

20 Cash and bank balances


Cash at banks
Current accounts
Saving accounts
Cash in hand

Unit - I

Unit - II

Unit - III

Sugar

Co-Gen

344,522,075
36,738,735

1,546,800,215
10,118,290

71,099,624
5,114,688

3,374,798

381,260,810
27,819,487

1,556,918,505
15,831,649

76,214,312
10,592,464

3,374,798

409,080,297

1,572,750,154

Corporate Farms

Merged

Sugar

Corporate Farms

86,806,776
Merged

JDW Sugar Mills Limited


Notes to the Financial Statements
For the six months ended 31 March 2015
31-Mar-15

###

Rupees

31-Mar-15

###

Rupees

31-Mar-15

31-Mar-15

31-Mar-15

31-Mar-15

Rupees

Rupees

Rupees

Rupees

###

31-Mar-15

31-Mar-14

31-Mar-14

Rupees

Rupees

Rupees

###

31-Mar-14
Rupees
###
#

21 Sales
Sugar
Local

5,769,784,343

1,179,186,864

2,790,900,210

9,739,871,417

9,739,871,417

9,022,852,896

9,022,852,896

Export

46,893,600
5,816,677,943

167,989,900
1,347,176,764

1,149,336,770
3,940,236,980

1,364,220,270
11,104,091,687

1,364,220,270
11,104,091,687

2,207,874,710
11,230,727,606

2,207,874,710
11,230,727,606
#

###

###

2,450,457,100

2,372,402,527

###
###
-

406,557,549
32,061,321
-

406,557,549
32,061,321
-

887,523,152
4,533,061
-

887,523,152
4,533,061
-

2,889,075,970

438,618,870

3,264,458,740

892,056,213

599,586,535

361,217,261

385,498,751

1,346,302,547

1,346,302,547

926,654,797

926,654,797

145,402,265

145,402,265

145,402,265

350,405,359

350,405,359

###
-

Corporate farms revenue


Sale of sugarcane to JDW
Sale of sugarcane to DSML
Sale of sugarcane seed to growers
Sale of wheat & mong

Molasses

Electricity
Captive

Co - Gen
External

###

Intersegment
Electricity

###

145,402,265

###
-

729,910
-

546,036,318

729,910
6,562,396,653
427,391,432

1,869,500,645

1,869,500,645

277,289,352

###

145,402,265

1,158,119,458
3,304,909,455

2,014,902,910

350,405,359

350,405,359

1,318,548
521,912,635

2,048,458
1,067,948,953

2,048,458
-

40,647,397
-

546,036,318
2,254,430,343

523,231,183
4,848,966,914

1,069,997,411
13,665,793,910

3,304,909,455

2,889,075,970

2,048,458
14,905,964,472

40,647,397
12,548,435,159

3,264,458,740

87,347,175

206,733,164

721,471,771

721,471,771

618,505,133

21,126,825

21,126,825

21,126,825

50,913,599

50,913,599

7,533,966

###
7,373,749

7,373,750

22,281,465

154,016,423
-

154,016,423
22,281,465

126,699

126,699

111,342
28,772,133

7,373,749

191,584
7,565,334

302,926
43,711,216

154,016,423

302,926
197,727,639

3,526,298
459,689,863

6,272,278
100,993,202

5,457,500
219,755,998

15,256,076
780,439,063

154,016,423

15,256,076
934,455,486

2,836,980
678,576,668

2,836,980
678,576,668

6,102,706,790

2,153,437,141

4,629,210,916

12,885,354,847

3,150,893,032

2,889,075,970

13,971,508,986

11,869,858,491

3,264,458,740

12,761,914,704

1,971,063,779
11,905,383,355

104,440,072
7,050,409,833

2,205,533,305
7,442,365,026

4,281,037,156
26,398,158,213

1,655,686,644

2,684,696,250

4,281,037,156
25,784,726,245

4,032,190,427
23,587,256,595

3,639,974,581

3,324,048,252
24,854,828,649

13,876,447,134

7,154,849,905

9,647,898,331

30,679,195,370

1,655,686,644

2,684,696,250

30,065,763,401

27,619,447,022

3,639,974,581

28,178,876,901

Sugar
Molasses

(8,319,217,397)
(137,040,451)

(4,435,792,754)
(168,042,960)

(5,049,076,486)
(50,703,219)

(17,804,086,637)
(355,786,631)

(17,804,086,637)
(355,786,631)

(15,350,870,940)
(905,612,764)

(15,350,870,940)
(905,612,764)

Bagasse

(349,554,658)
(8,805,812,506)

(147,194,800)
(4,751,030,514)

(149,730,595)
(5,249,510,301)

(646,480,053)
(18,806,353,321)

(646,480,053)
(18,806,353,321)

(637,281,291)
(16,893,764,995)

(637,281,291)
(16,893,764,995)

5,070,634,628

2,403,819,391

4,398,388,030

11,872,842,049

1,655,686,644

2,684,696,250

11,259,410,087

10,725,682,027

3,639,974,581

11,285,111,906

Unit - I
31-Mar-15

Unit - II
31-Mar-15

Unit - III
31-Mar-15

Sugar
31-Mar-15

Co-Gen
31-Mar-15

Rupees

Rupees

Rupees

Steam
Bagasse
Local
Intersegment
Gross Sales

40,647,397
13,440,491,372
Err:512

Less:
Federal excise duty
Sales tax
Electricity - Captive
- Co - Gen
Molasses
Bagasse
Brokerage & commission
Net Sales
22 Cost of sales
Opening stock
Add: Cost of goods manufactured / produced / generated

###
40,647,397
-

22.1

6,194,257
57,234,555##

##
-

618,505,133
###

6,194,257
57,234,555

Less: closing stock

###

Rupees

###

Rupees

Corporate Farms
31-Mar-15
###
Rupees

Merged
31-Mar-15

Sugar
31-Mar-14

Rupees

Rupees

Corporate Farms
31-Mar-14 ###
Rupees

Merged
31-Mar-14
Rupees

22.1 Cost of goods manufactured / produced / generated


Cost of sugarcane produced
Cost of sugarcane consumed

22.1.1
22.1.2

11,205,785,237

5,805,174,146

6,271,464,221

23,282,423,604

Cost of electricity generation


Cost of steam purchased

22.1.3

596,962,256

561,157,202

1,158,119,458

289,672,771
-

2,675,172,126
-

2,675,172,126
20,831,966,504

22,204,098,974

3,639,457,238
-

3,639,457,238
19,831,696,447

289,672,771
-

###

JDW Sugar Mills Limited


Notes to the Financial Statements
For the six months ended 31 March 2015
Cost of electricty purchased

Intersegment cost of bagasse


Consultancy

159,365,070

117,924,282

277,289,352

###

28,913,215

22.1.4

287,146,412
90,666,712

201,550,843
60,064,239

190,179,116
54,426,020

678,876,371
205,156,971

19,308,435
21,312,458

698,184,806
226,469,429

541,686,356
179,770,006

541,686,356
179,770,006

10.1

123,494,225
143,549,436

74,445,661
67,873,787

57,005,495
77,757,348

254,945,382
289,180,571

168,669,558
-

423,614,940
289,180,571

230,134,664
292,054,336

230,134,664
292,054,336

Chemicals consumed
Vehicle running expenses

60,706,119
24,942,761

34,175,924
13,090,678

40,826,806
21,872,510

135,708,849
59,905,949

15,583,944
-

151,292,793
59,905,949

136,856,688
84,984,240

136,856,688
84,984,240

Oil, lubricants and fuel consumed


Handling & storage
Insurance

30,087,032
9,058,648
10,704,859

12,835,520
6,994,622
3,566,093

7,266,921
4,796,075
5,299,983

50,189,473
20,849,345
19,570,935

2,341,856
12,756,890

52,531,329
20,849,345
32,327,825

55,043,844
20,915,826
19,678,940

55,043,844
20,915,826
19,678,940

Electricity and power


Repairs and maintenance

10,094,909
2,564,948

1,205,044
4,531,422

7,698,932
5,640,915

18,998,885
12,737,285

22,734,695
2,090,009

41,733,580
14,827,294

20,248,882
8,603,626

20,248,882
8,603,626

Land vacation charges


Mud and bagasse shifting expenses

5,559,845

###
1,888,760

649,570

8,098,175

5,760,917
8,098,175

14,065,670

14,065,670

Freight and octroi


Printing and stationery

2,443,154
1,556,214

2,040,888
2,403,347

12,885,405
1,356,000

17,369,447
5,315,561

19,241,317
5,482,186

6,664,791
2,579,237

6,664,791
2,579,237

1,477,801
1,442,983##

Salaries, wages and other benefits


Stores and spares consumed
Depreciation
Packing materials consumed

Traveling and conveyance


Communication expenses

720,344
504,368
###

22.1.5

Other expenses

2,633,586
12,012,218,809

Less: closing work in process


Sugar
Molasses

22.1.1

Cost of sugarcane crop


Cost of sugarcane harvested
Fair value at the point of harvest
Harvesting expenses
Mechanical
Manual
TPT on harvesting
Mechanical
Manual
Road cess

22.1.2

Cost of sugarcane consumed


Cost of sugarcane purchased

22.1.2(a)

Market committee fee


Cane loading and unloading expenses
Less:

1,542,192
7,050,409,833

723,481
670,015##

1,630,755
1,686,794
###

5,760,917
-

1,871,870
166,625

1,952,954##

###
-

1,630,755
3,639,748##

##
-

1,477,801
1,442,983

2,764,729
7,442,365,026

6,940,507
26,504,993,668

362,411
1,655,686,644

3,763,207
2,684,696,250

11,066,125
25,891,561,699

7,058,856
23,827,365,720

517,343
3,639,974,581

7,576,199
25,094,937,774

(87,593,199)
(19,242,256)

##
##
-

(87,593,199)
(19,242,256)

(87,593,199)
(19,242,256)

(199,025,236)
(41,083,888)

(199,025,236)
(41,083,888)

(106,835,455)
11,905,383,355

##
7,050,409,833

7,442,365,026

(106,835,455)
26,398,158,213

1,655,686,644

2,684,696,250

(106,835,455)
25,784,726,245

(240,109,124)
23,587,256,595

3,639,974,581

(240,109,124)
24,854,828,649
###
###

###

1,936,785,459

1,936,785,459

2,593,337,597

###
-

###
-

195,202,313
2,131,987,772

195,202,313
2,131,987,772

298,572,985
2,891,910,582

298,572,985
2,891,910,582

182,163,966

182,163,966

177,333,388

177,333,388

77,202,124
259,366,090

77,202,124
259,366,090

98,921,829
276,255,217

98,921,829
276,255,217

197,027,732

197,027,732

339,329,476

339,329,476

76,664,373
273,692,105

76,664,373
273,692,105

123,367,316
462,696,792

123,367,316
462,696,792

###
-

10,126,159
2,675,172,126

10,126,159
2,675,172,126

8,594,647
3,639,457,238

8,594,647
3,639,457,238
###

11,003,868,206
35,827,189
65,621,261
91,699,338

Premium
Cane development expenses
Road cess

186,930
512,411##

1,067,948,953
28,913,215

###
-

2,593,337,597

5,741,528,305

6,211,250,655

22,956,647,166

22,956,647,166

21,845,099,122

21,845,099,122

42,527,736
(32,208,185)
47,846,333

39,092,313
10,183,998
-

117,447,238
43,597,074
139,545,671

117,447,238
43,597,074
139,545,671

36,952,755
195,682,076
100,351,099

36,952,755
195,682,076
100,351,099

7,979,104
790,139

5,033,395
446,562

10,527,380
409,875

23,539,879
1,646,576

23,539,879
1,646,576

24,367,620
1,646,302

24,367,620
1,646,302

11,205,785,237

5,805,174,146

6,271,464,221

23,282,423,604

23,282,423,604

22,204,098,974

22,204,098,974

11,205,785,237

5,805,174,146

6,271,464,221

23,282,423,604

(2,450,457,100)
20,831,966,504

22,204,098,974

(2,372,402,527)
19,831,696,447

###

Sugarcane purchased from own farms

22.1.2(a) Cost of sugarcane purchased


Growers 31 Mar 15 : 4,590,537 Tons (31 Mar 14 : 4,568,562 Tons)
Corporate Farms 31 Mar 15 :540,836 Tons (31 Mar 14 : 554,062 Tons)

10,195,853,022
808,015,184

5,617,999,304
123,529,001

4,692,337,739
1,518,912,916

20,506,190,065
2,450,457,101

20,506,190,065
2,450,457,101

19,472,696,595
2,372,402,527

19,472,696,595
2,372,402,527

11,003,868,206
-

5,741,528,305
-

6,211,250,655
-

22,956,647,166

22,956,647,166

21,845,099,122

21,845,099,122

JDW Sugar Mills Limited


Notes to the Financial Statements
For the six months ended 31 March 2015
22.1.3
Cost of electricity generation
Cost of bagasse
O & M cost

22.1.3.1
22.1.3.2

###
###

22.1.3.1

22.1.3.2

22.1.4

209,395,418
80,277,353

289,672,771

209,395,418
80,277,353

289,672,771

###
###

Cost of bagasse
Bagasse consumed

###

145,603,678

145,603,678

###

Bagasse freight
- inter units

###

26,133,234

26,133,234

###

- third party
Bagasse shifting expenses
Ash shifting expenses

###
###
###

3,847,974
6,853,468
3,097,532

3,847,974
6,853,468
3,097,532

###
###
###

Fuel on bagasse shifting


Tractor hiring charges

###
###

17,221,457
6,638,075

17,221,457
6,638,075

###
###

O & M cost
Staff salaries

63,791,740
209,395,418

63,791,740
209,395,418

###

58,103,558

58,103,558

Other benefits

###

6,749,301
64,852,859

6,749,301
64,852,859

Technical fee

###
-

15,424,494
80,277,353

15,424,494
80,277,353

Salaries, wages and other benefits


Salaries
Bonuses
Other benefits
Retirement benefits

22.1.5

196,075,314

125,565,037

119,667,658

441,308,009

13,294,766

454,602,775

365,598,289

365,598,289

66,404,207
10,482,321

53,513,904
17,170,391

49,113,124
16,882,471

169,031,235
44,535,183

4,019,265
1,891,036

173,050,500
46,426,219

122,196,796
32,473,896

122,196,796
32,473,896

14,184,570
287,146,412
-

5,301,511
201,550,843
-

4,515,863
190,179,116
-

24,001,944
678,876,371
-

103,368
19,308,435

24,105,312
698,184,806
-

21,417,375
541,686,356
-

21,417,375
541,686,356
-

Communication expenses
NTDC communication fee
Telephone, fax & postage

###

1,951,890

504,368
504,368

512,411
512,411

670,015
670,015

1,686,794
1,686,794

1,064
1,952,954

Unit - I
31-Mar-15
Rupees
23 Administrative expenses
Salaries, wages and other benefits

23.1

Unit - II
###

31-Mar-15
Rupees

###

Unit - III

Sugar

Co-Gen

Corporate Farms

31-Mar-15
Rupees

31-Mar-15
Rupees

31-Mar-15
Rupees

31-Mar-15
Rupees

239,728,406

5,519,916

11,819,436

257,067,758

Depreciation
Amortisation

17,843,853
-

1,770,121
-

2,337,419
-

21,951,393
-

Travelling and conveyance


Legal and professional services

17,002,345
11,164,000

3,248
-

156,207
150,000

17,161,800
11,314,000

Charity and donations


Office rent and renovation

2,322,000
16,330,432

Vehicle running and maintenance


Subscription and renewals
Telephone, fax & postage

8,950,351
1,073,179
2,737,056

119,779
341,660
23,160

Printing and stationery


Repairs & maintenance

2,970,953
8,092,303

Insurance
Fee and taxes

918,505
1,350,000

1,687,858
3,639,748

1,442,983
1,442,983

###
-

1,442,983
1,442,983

Merged

Sugar

Corporate Farms

Merged

31-Mar-15
Rupees

31-Mar-14
Rupees

31-Mar-14
Rupees

31-Mar-14
Rupees

###

5,738,542

268,172,139

150,960,054

4,078,886

###
155,038,940

453,168
1,019,864

22,404,561
1,019,864

21,380,241
-

413,261
857,029

21,793,502
857,029

15,180
-

18,095,485
12,664,000

15,117,099
10,851,562

2,561,041
1,000

17,678,140
10,852,562

2,322,000
16,330,432

5,708,000
11,726,783

274,589
263,765

9,924,866
1,414,839
3,103,991

10,547,244
1,051,267
3,225,013

242,578
217,460

10,789,822
1,051,267
3,442,473

2,322,000
16,330,432

580,147
80,010

9,650,277
1,414,839
2,840,226

368,333

374,443

2,970,953
8,835,079

206,000

23,435
1,622,758

2,994,388
10,663,837

4,551,963
4,157,026

44,990
742,964

4,596,953
4,899,990

3,059,316
2,398,541

40,000

13,286
141,500

3,072,602
2,580,041

87,500

4,361
-

3,076,963
2,667,541

5,465,478
4,023,139

410,583
-

5,876,061
4,023,139

Electricity and power


Advertisement

1,841,148
1,216,696

50,464
-

1,891,612
1,216,696

3,307,654
591,878

Entertainment
Arms and Amunition

1,471,363
21,850

1,579,263
21,850

1,062,004

400,000
107,215

1,100,000
107,215

300,000
85,159

3,973,594

5,160,572

4,861,064

Auditors' remuneration
Newspapers, books and periodicals
Other expenses

23.2

5,365,839

###

1,951,890

1,891,612
1,216,696

5,310
-

1,476,673
21,850

600,000
-

100,000
-

1,100,000
107,215

93,267

21,308

4,088,169

102,590
1,072,403

79,249
64,113

5,708,000
11,726,783

3,307,654
591,878
1,141,253
300,000
85,159
4,925,177

JDW Sugar Mills Limited


Notes to the Financial Statements
For the six months ended 31 March 2015
23.1 Salaries, wages and other benefits
Salaries & wages

342,704,601

8,929,948

15,779,066

367,413,615

7,927,844

10,590,655

385,932,114

258,972,628

9,713,153

268,685,781

5,679,587

129,528,603

62,419,715

4,078,886

66,498,601

29,750,000
91,027,876

33,600,000
45,786,194

33,600,000
45,786,194

4,941,481
4,212,664

113,073,995

2,095,061

5,298,484

120,467,540

3,381,476

Directors' remuneration
Bonuses

28,000,000
84,645,848

1,017,012

1,750,000
3,682,395

29,750,000
89,345,255

1,682,621

Retirement benefits
Other benefits

11,428,270
2,580,293

2,272,076
135,767

323,995
764,562

14,024,341
3,480,622

206,453
95,289

58,955

14,230,794
3,634,866

4,941,481
4,212,664

239,728,406

5,519,916

11,819,436

257,067,758

5,365,839

5,738,542

268,172,139
-

150,960,054

150,000

100,000

100,000

350,000

350,000

250,000
400,000

500,000
600,000

100,000

750,000
1,100,000

750,000
1,100,000

###
-

23.2 Auditors remuneration


KPMG
Half yearly review
Other certifications

4,078,886

155,038,940
-

24 Selling expenses
Freight outward expenses on export

1,455,102

1,500,000

10,071,980

13,027,082

13,027,082

38,269,538

38,269,538

Salaries, wages and other benefits


Other selling expenses

8,135,757
2,973,542

2,659,604
677,916

96,676
2,869,015

10,892,037
6,520,473

10,892,037
6,520,473

9,140,980
10,271,791

9,140,980
10,271,791

12,564,401

4,837,520

13,037,671

30,439,592

30,439,592

57,682,309

904,619

789,597

789,597

7,675,494
8,580,113

789,597

789,597

33,406,330
3,294,287

16,512,093
6,662,519

784,382
-

17,296,475
6,662,519

7,254,575
128,300,000

2,472,541
-

###

2,472,541
-

1,768,000
20,000,000

1,768,000
20,000,000

25 Other income
Income from financial assets
Profit on bank deposit
Markup on delayed payment from NTDC
Income from non financial assets
Net scrap sales
Rental income

904,619

904,619

904,619

904,619

7,675,494
7,675,494

9,872,596
3,010,000

14,488,110
284,287

4,245,134
-

28,605,840
3,294,287

2,817,879
-

4,436,696
7,300,000

121,000,000

7,254,575
128,300,000

Insurance claim for damaged sugar bags


Gain on sale of investment

###
###

Profit on sale of property, plant and equipment


Others

120,440

15,700,475
15,700,475

26,629,533
27,534,152

125,245,134
125,245,134

167,575,142
168,479,761

7,675,494

63,091,010

63,091,010

(4,077,204)

3,759

(400,708)

(4,474,153)

Net mud sales


Sugar export subsidy

26 Other expenses
Worker's profit participation fund
Worker's welfare fund
Loss on sale of property, plant and equipment
Exchange loss on export sales
Others

-##
59,013,806
Unit - I
31-Mar-15
Rupees

27 Finance cost
Long term loans - secured
Less: Markup on advances to DSML (11.91% - 12.68%)
Short term borrowings - secured
Running finances
Cash finances
FATR
Less:
Mark up - JK Farming Systems Ltd (11.74%)
Mark up - Deharki Sugar Mills (Pvt) Ltd (11.47% - 12.59%)

###

###
3,759
Unit - II
31-Mar-15
Rupees

###

120,440

4,800,490
-

120,440

2,495,312
59,802

83,333
22,507

2,578,645
82,309

4,800,490
4,800,490

172,375,632
180,955,745

49,970,267
50,759,864

890,222
890,222

50,860,489
51,650,086

63,091,010

23,109,295

23,109,295

10,775,460

6,301,307

6,537,520
-

6,537,520
-

57,682,309
###

8,708,250
9,888,364

8,708,250
9,888,364

(400,708)

58,616,857

10,775,460

69,392,317

71,352,725

48,243,429

Unit - III
31-Mar-15
Rupees

Sugar
31-Mar-15
Rupees

Co-Gen
31-Mar-15
Rupees

Corporate Farms
31-Mar-15
###
Rupees

Merged
31-Mar-15
Rupees

Sugar
31-Mar-14
Rupees

Corporate Farms
31-Mar-14 ###
Rupees

Merged
31-Mar-14
Rupees

237,952,957

25,879,904

13,700,027

277,532,888

247,627,651

525,160,539

228,616,284

228,616,284

(15,792,448)
222,160,509

25,879,904

13,700,027

(15,792,448)
261,740,440

247,627,651

(15,792,448)
509,368,091

(122,218,760)
106,397,524

(122,218,760)
106,397,524

238,131,874

538,041

5,649,196

244,319,111

4,092,383

248,411,494

179,390,961

111,073,019

290,463,980

153,870,111

62,919,385

141,736,342

358,525,838

358,525,838

365,956,606

365,956,606

19,851,429

1,187,586

42,189

21,081,204

467,622

21,548,826

13,735,493

13,735,493

(56,982,487)

###
-

(56,982,487)

(56,982,487)

(27,013,945)
(40,516,635)

1,118,490
-

(25,895,455)
(40,516,635)

JDW Sugar Mills Limited


Notes to the Financial Statements
For the six months ended 31 March 2015
Mark up - Faruki Pulp Mills Ltd (11.74% - 12.59%)
Finance leases
Mark up on workers' profit participation fund
Bank charges and commission

28 Taxation
Income tax
Deferred tax

29 Earnings per share


Profit / (loss) after taxation
Weighted avg. no. of shares
Earnings per share

Rupees
No. of shares
Rupees

32,536,323

32,536,323

32,536,323

(52,157,760)

(52,157,760)

387,407,250
52,832,084

64,645,012
1,233,128

147,427,727
11,332,198

599,479,989
65,397,410

467,622
-

4,092,383
-

604,039,994
65,397,410

439,394,720
40,188,535

112,191,509
-

551,586,229
40,188,535

10,099,378
21,884,344

358,459

3,529,437

10,099,378
25,772,240

183,706

1,912

10,099,378
25,957,858

13,082,654
19,922,466

13,228

13,082,654
19,935,694

694,383,565

92,116,503

175,989,389

962,489,457

248,278,979

4,094,295

1,214,862,731

618,985,899

112,204,737

731,190,636

216,019,988

216,019,988

216,019,988

135,592,618

(193,055,593)
22,964,396

(46,867,026)
88,725,592

807,359,348

(83,858,133)
-

(193,055,593)
22,964,396

(328,735,828)

151,662,602

(260,931,358)

###

(193,055,593)
22,964,396

1,246,675,059

183,719,800

1,169,463,494

###

59,776,661
19.56

135,592,618
-

(46,867,026)
88,725,592

(496,543,509)

333,925,136

###

59,776,661
5.59

JDW Sugar Mills Limited


Valuation of Stock-in-Trade
As At 31 March 2015
Sugar

Unit- I
Tons

Unit- II
Tons

Unit- III
Tons

Cane Crushing
Recovery %age

2,445,297
11.18

1,275,891
10.59

1,365,110
11.10

48,974
271,210
320,184

1,635
135,102
136,737

53,063
151,562
204,625

(115,936)
(1,080)
(117,016)
203,168

(24,617)
(3,791)
(28,408)
108,329

(56,493)
(24,826)
(81,319)
123,306

Opening stock
Production
Total available stock for sale
Sales:
Local
Export

Closing Stock

B
Bags

4,063,353

2,166,573

Merged
Tons

2,466,119

5,086,298
11.01
103,672
557,873
661,545
(197,046)
(29,697)
(226,743)
434,802
8,696,045

Valuation of Sugar Stock


Cost of Goods Manufactured
Add:
Cost of electricty purchased - Intersegment
Cost of steam purchased - Intersegment

###
277,289,352
###
###

Less:
Intersegment sales of bagasse - Intersegment
Cost of electricity generation, Co-Gen

###
(587,737,691)
###
###

Less:
Sale of molasses - net
Stock of molasses
Cost of crop sold to DSML
Cost of captive power generation
Stock of bagasse - net
Sale of bagasse to third parties
Net Cost of Sugar Manufactured
Per ton cost
Value of closing stock of sugar (Rupees)

C
D=C/A
E=B*D

Valuation of work in process


Sugar
Total quantity in process as per RT-4
Recovery Rate
Sugarcane crushed for WIP
Sugar cane crushing as per RT - 4
Cane Cost
Per tone cost of crushing = G
Value of sugar in process (Rupees)

###
355,786,631
379,306,295
13,576,557
646,480,053
1,745,532
###
###
40,948
###

cost
Total
crushing
H=F*G

40,948
###

40,948
###

Tons
Tons
Tons
2,153.21
11.18
10.59
11.10
19,264
###
- ###
2,445,297
1,275,891
1,365,110

Tons
2,153.207
11.01
19,264
5,086,298
###

4,547
87,593,199

40,948
###

4,547
-

4,547
-

4,547
87,593,199

Valuation of Molasses Stock


Production
Sold & Lifted
Closing Stock

Tones
93,107
(76,999)
16,108
##

Tones
51,386
(31,633)
19,753
##

Tones
52,960
(47,000)
5,960

Tones
197,453
(155,632)
41,821

Calculation of average selling price of molasses


Total Sales
Avg. Selling Price of Molasses (Rate per ton)

Rupees
J

Valulation of Molasses Stock (Rupees)

K=I*J

592,052,569
8,507
###

353,843,512
8,507
###

378,125,001
8,507

###
8,507

50,703,219

355,786,631

8,507
-

2,262
8,507
19,242,256

Valuation of work in process Molasses


Total quantity in process (M.Tons)
Avg. Selling Price of Molasses sold (M.Ton)
Value of Molasses in process (Rupees)

L
M=J*L

2,262
8,507
19,242,256

8,507
-

Valuation of Bagasse Stock


Stock available
Bagasse Price - As per NEPRA Upfront Tarif
Total Bagasse Stock
Total Stock in Trade

M. Tons
Rs./ Ton
Rupees
N=E+H+K+M

122,174
2,861
###
###

51,447
2,861
###
###

52,333
2,861
###
###

225,953
2,861
646,480,053
###

10.1 Operating Fixed Assets


Owned
COST

PARTICULARS
Rupees

Direct Additions

Additions
through
Stores

Transfers from CWIP

Rupees

Rupees

Rupees

Sugar
Free hold Land

733,403,473

1,613,251

Factory building on free hold Land


Non factory building on free hold Land

961,222,742
613,876,895

6,617,480

46,738,249
7,551,232,513

2,604,369

Office equipments
Electric Installation

59,707,449
81,724,701

Tools and equipments


Furniture and fittings

46,842,813
29,416,285

Weighbridge
Arms & Ammunition

10,454,656
7,991,517

Road & Boundary Walls


Plant and machinery

Motor Vehicles
Tube well
Agri Implements
Aircraft - King Air B200 GT 3864
Aircraft - Cessna Chancellor 414 W
Computers
Truck and tractors
Fire fighting equipments
Rupees - Mar - 2015

313,730,257
2,591,679

DEPRECIATION

Rupees

Rupees

RATE %
Rupees

Rupees

Rupees

735,016,724

330,456,348
29,528,998

330,456,348
36,146,478

1,291,679,090
650,023,373

10
5

485,559,450
156,634,045

775,602,150

1,163,952,204

1,942,158,723

46,738,249
9,408,314,752

10
5

1,651,125
14,704,861

2,031,267
476,616

807,885

3,682,392
15,989,362

63,389,841
97,714,063

841,500
259,770

525,000
152,700

1,106,928
-

2,473,428
412,470

296,400
252,800

516,000
-

812,400
252,800

616,421
-

Rupees
-

39,205,395

10,924,462,731

Rupees

1,763,146
30,604,702

1,488,656
-

3,251,802
-

(85,076,484)

(85,076,484)

735,016,724

28,189,896
11,498,259

513,749,346
168,132,304

777,929,744
481,891,069

23,708,271
2,602,236,549

26,872,088

1,148,344
168,405,081

24,856,615
2,753,905,338

21,881,634
6,654,409,414

20
10

34,355,864
45,717,426

161,662
537,347

2,740,987
2,332,779

37,096,852
48,050,204

26,292,989
49,663,859

70,471
6,078

1,078,352
645,475

26,814,937
16,706,916

10
10

8,054,567
3,908,534

327,293,257
2,844,479

20
10

222,038,158
1,417,444

899,000

(2,597,000)

(1,698,000)

Rupees

4,471,891
96,070

10
10

Rupees
-

10,454,656
7,907,517

12,750,600
-

Rupees
-

49,316,241
29,828,755

(9,480,400)
-

Rupees
-

(84,000)

22,231,000
-

Net Book
Value
as at
31-03-2015

Dep
For the period on
Additions

398,645,627
27,062,058

Disposals

Total
Disposals /
Adjustment

1,613,251

Transfers /
Adjustments

1,034
-

(16,736,291)

27,893,289
17,352,391

21,422,953
12,476,364

119,676
203,143

(75,041)

8,174,243
4,036,636

2,280,413
3,870,881

9,970,227
63,053

4,997,880
-

237,006,265
1,480,497

90,286,992
1,363,982

(696,360)

37,507,395

10

17,108,033

1,051,896

17,463,569

20,043,826

398,645,627

10

170,536,981

11,374,185

181,911,166

216,734,461

30,313,860

10
33

17,229,860

1,844,707

19,074,567

11,239,293

616,421
-

20
20

780,792,389

1,525,852,363

2,337,249,454

(61,946,484)

27,940,450

468,248,383

(12,077,400)

(74,107,884)

13,187,604,301

592,833
(0)

113,662
-

2,352
0

3,832,619,868

32,330,302

240,668,411

6,231,175

595,185
(0)

21,236
0

(12,509,812)

4,060,778,467

9,126,825,834

Leased
Plant & machinery

657,272,213

Motor vehicles

251,768,682

Electric Installation
Agri implements

6,158,001

496,188,833

(25,508,692)

(25,508,692)

1,127,952,354

51,303,908

24,982,500

24,982,500

(22,231,000)

(22,231,000)

254,520,182

20

80,994,864

6,500,000

6,500,000

6,500,000

10

10

966,933

18,832,179

(4,241,742)

65,894,345

1,062,058,009

17,114,328

(12,101,422)

86,007,770

168,512,412

1,781

1,781

6,498,219

234,744

(415,717)

785,960

4,473,041

(899,000)

(899,000)

5,259,001

(48,638,692)

1,394,231,537

133,265,705

6,231,175

36,183,032

(16,758,881)

152,689,856

1,241,541,681

38,561,477

276,851,443

(29,268,693)

4,213,468,323

10,368,367,515

276,851,443

(29,268,693)

4,213,468,323

10,368,367,515

Rupees - Mar - 2015

915,198,896

31,482,500

27,940,450

468,248,383

527,671,333

(48,638,692)

Rupees - Mar - 2015

11,839,661,627

62,087,202

808,732,839

1,994,100,746

2,864,920,787

(110,585,176)

(12,077,400)

(122,746,576)

14,581,835,838

3,965,885,573

11,839,661,627

62,087,202

808,732,839

1,994,100,746

2,864,920,787

(110,585,176)

(12,077,400)

(122,746,576)

14,581,835,838

3,965,885,573

Co-Gen
Factory building on free hold Land

247,707,967

18,256,318

266,261,102

284,517,420

532,225,387

10

6,551,228

13,135,673

25,160,474

31,711,702

500,513,685

Road & Boundary Walls


Plant and machinery

10,025,383
2,591,026,492

290,000

11,352,611

7,191,899
2,708,706,037

7,191,899
2,720,348,648

17,217,281
5,311,375,140

10
5

306,788
37,118,892

232,350
66,917,196

716,949
130,589,961

1,023,736
167,708,853

16,193,545
5,143,666,287

Office equipments
Electric Installation
Tools and equipments
Furniture and fittings
Computers
Fire fighting equipments

1,463,875
20,808,400
3,300,455
547,884
251,450
44,945,259

29,197,262
585,540
455,680
210,907
-

18,235,714
447,190
6,155,696
1,373,440
-

3,309,437
50,678,130
961,390
108,000
-

50,742,413
51,125,320
6,741,236
1,417,070
1,692,347
-

52,206,288
71,933,720
10,041,691
1,964,954
1,943,797
44,945,259

20
10
10
10
33
20

87,783
636,760
24,249
16,766
25,392
2,750,748

3,663,414
2,515,824
221,441
52,169
171,342
-

3,800,646
3,521,643
384,803
78,652
208,540
4,207,891

3,888,429
4,158,403
409,052
95,418
233,932
6,958,639

48,317,859
67,775,317
9,632,639
1,869,536
1,709,865
37,986,620

2,920,077,164

48,995,707

37,564,651

3,037,215,995

3,123,776,353

6,043,853,517

47,518,606

86,909,409

168,669,558

216,188,164

5,827,665,354

Rupees - Mar - 2015

Grand Total

14,759,738,791
-

111,082,909
-

846,297,490
-

5,031,316,741
-

5,988,697,140

(110,585,176)
-

31-Mar-15

31-Mar-14

Rupees

Rupees

Sugar

254,903,291

230,134,664

Co - Gen

168,669,558

21,948,152

21,380,241

445,521,001

251,514,905

(0)

Cost of goods manufactured / generated :

Administrative expenses
Other operating expenses

(12,077,400)
-

(122,746,576)
-

20,625,689,355
-

4,013,404,178
-

125,470,886
-

445,521,001
-

(29,268,693)
-

4,429,656,486
-

16,196,032,869
-

JDW Sugar Mills Limited - Corporate Farms


Notes to the Financial Statements
For the six months ended 31 March 2015
3

Property, plant and equipment


Fixed Assets Owned
Fixed Assets Leased
Capital Work in Progress

2014
Rs.
1,672,793,202
224,354,156
8,916,856

3.1
3.2

1,906,064,214

3.1 Fixed Assets Owned

01-Oct-14

Transfer from
JDW books at
WDV

951,411,474

326,554
12,205,540

Machinery and equipment

179,396,742

Machinery and equipment - 2

155,689,100

11,817,426

484,758,139

7,736,770

1,803,341,745
-

Freehold land
Buildings on freehold land - 1
Buildings on freehold land - 2

Furniture and fittings


Vehicles
Office equipment

Cost
Additions /
Deletions

Transfer to /
(from)

38,704,250
535,976
(157,413)
1,677,211
(48,124)
7,204,783
(33,045)
558,848
(13,745)
14,985,724
(7,909,310)
144,123
(222)
63,810,915
(8,161,859)

Closing Balance

Accumulated Depreciation
For the Year
Adjustments

01-Oct-14

990,115,724

862,530
12,048,127

147,930
523,040

181,025,829

14,349,053

162,860,838

25,860,175

12,362,529

1,005,444

19,338,196
-

511,172,749

73,708,910

7,880,671

1,238,957

19,338,196
-

1,878,328,997
-

116,833,508

Closing Balance

82,078
289,579
(9,410)
9,222,901
(6,015)
16,054,134
(8,261)
587,803
(1,718)
60,231,433
(3,176,145)
749,272
(56)
87,217,200
(3,201,605)

4,686,692

990,115,724

230,008
803,209

###
632,522
11,244,918

23,565,939

157,459,890

1,591,529

###
120,954,790
###
10,771,000

135,450,890

375,721,859

1,988,173

###
5,892,498

41,906,048

4,686,692

WDV

205,535,795

1,672,793,202
###
(255,918,000)

3.2 Fixed Assets Leased


Vehicles

01-Oct-14

Transfer to CF
books

215,128,102

215,128,102

4
Intangible assets

Oracles - JD Edwards Enterprise One

01-Oct-14

20,397,279

Transfer to CF
books
-

Cost
Additions /
Deletions
89,631,628
89,631,628
153,442,543
Cost
Additions /
Deletions

Transfer to / Closing Balance


(from)
(19,338,196)
285,421,534
(19,338,196)

Transfer to /
(from)
-

285,421,534
-

Closing Balance

20,397,279

01-Oct-14
35,854,684
35,854,684

01-Oct-14

1,885,463

Accumulated Depreciation
Additions /
Adjustments Closing Balance
Deletions
29,899,386
(4,686,692)
61,067,378
29,899,386
117,116,586

(4,686,692)

Accumulated Depreciation
Adjustments
Additions /
Deletions
834,174

61,067,378

Closing Balance

2,719,637

WDV
224,354,156
224,354,156
WDV

17,677,642
19,026,034

JDW SUGAR MILLS LIMITED


WPPF WORKINGS
As at 31 Mar 2015

Merged
WPPF @ 5%
31-Mar-15
Gross Profit
Selling expenses
Administrative expenses
Other expenses
Other income
Finance cost
Net Loss

2,712,098,899
(30,439,592)
(385,932,114)
180,955,745
(1,214,862,731)
1,261,820,207

Taxable profit / loss for the year


Provision for WPPF

63,091,010
Merged
WPPF
Rs.

Opening Liability
Add Mark-up
Accrual for the Period
Total Liability
Less Paid
Closing Liability.

51,494,401
###
10,099,378#
63,091,010
###
124,684,789
61,593,779
63,091,010

JDW Sugar Mills Limited


Working for Current Taxation

31-Mar-15

Particulars

Income to be taxed Income to be taxed


under Normal Tax under Final Tax
Regime
Regime
(Rupees)

(Rupees)

Net Sales
Co-Gen

10,453,185,624
1,715,484,222
12,168,669,846

Export Sales
Total

12,168,669,846

Total
Turnover

Percentage to
Total Revenue

(Rupees)
-

1,364,220,270
1,364,220,270

10,453,185,624
1,715,484,222
12,168,669,846

77.24%
12.68%
89.92%

1,364,220,270
13,532,890,116

10.08%
100.00%

12,168,669,846
Sugar
Rs.
(237,966,962)

Profit Before Taxation as Per accounts


Add
Accounting Depreciation
Amortization of Leased Assets
Financial Charges of Leased Assets
Tax gain on disposal of assets
Common Expenses Relating to Corporate Farming
Charity & Donations
Provisison of Staff retirement benefits
Provisison of WWF
Provisison of WPPF

Less
Tax Depreciation
Income of farming division
Payment of Staff retirement benefits
Rental Income
Payment of WPPF
Lease Rentals Paid
Accounting gain on disposal of assets
Taxable (loss) / profit for the period

Co-Gen

Total

1,246,675,059

1,008,708,096

168,669,558
###
-

240,668,411
36,183,032
65,397,410
993,351
2,322,000
7,573,587
73,190,388
426,328,179
188,361,216

168,669,558
1,415,344,617

409,337,969
36,183,032
65,397,410
993,351
2,322,000
7,573,587
73,190,388
594,997,736
1,603,705,833

796,466,178
(226,628,268)
2,973,913
3,294,287
61,593,779
216,434,217
6,301,307
860,435,413
(672,074,196)

1,035,563,042
1,035,563,042
379,781,575

1,832,029,220
(226,628,268)
2,973,913
3,294,287
61,593,779
216,434,217
6,301,307
1,895,998,455
(292,292,622)

Profit attributable to Normal sales tax


Taxable (loss) / profit for the period

89.92%

(262,827,259)

WWF @ 2%

Alternate Corporate Tax


Accounting Profit Before Tax
Add: Income relating to corporate farms
Accounting Profit Chargeable to ACT

(237,966,962)
A

ACT @ 17%

A x 17%

Turnover Tax @ 1%
Tax Liability (Higher of A or B)
Tax on Export @ 1%
WWF
Agricultural Income Tax
Total Tax Liability
Less:
Tax Credit U/s 65 B
Co-Gen
Sugar

1,246,675,059

12,168,669,846

1%

2,720,348,648
1,942,158,723
4,662,507,371

10%
10%

BMR credit to be carried forward

Note:
No income tax provision has been accounetd for in the half yearly accounts due to BMR credit.

1,008,708,096
155,827,501
1,164,535,598
197,971,052

1%

121,686,698
197,971,052
13,642,203
4,406,734
216,019,988

272,034,865
194,215,872
466,250,737
(250,230,749)

JDW Sugar Mills Limited


Deferred Tax
31-Mar-15

Particulars

Fixed Assets excluding Land


Fixed Assets excluding Land - Co-Gen
Leased Assets
Impairment of JDW Power
Liabilities against assets subject to finance lease
Provisions for doubtful debts and Obsolescence
Provision for WPPF
Staff retirement benefits
Tax Losses Brought Forward
Deferred tax liability @ 33%
Less:
Turnover Tax TY 2015
Turnover/ACT Tax Adjustment

Carrying
Amount
(Rs)
8,977,340,539
5,827,665,354
1,433,969,898
90,000,000
1,154,322,883
83,979,594
124,684,789
68,256,699

Tax
Base
(Rs)
3,754,026,823
3,997,696,715
-

Timing
Difference
(Rs)
5,223,313,716
1,829,968,639
1,433,969,898
(90,000,000)
(1,154,322,883)
(83,979,594)
(124,684,789)
(68,256,699)
6,966,008,288
(262,827,259)
6,703,181,029
2,212,049,740

Tax credit on BMR


Net Liability

243,946,131
197,971,052
441,917,182
250,230,749
1,519,901,808

Opening liability
Deferred tax expense reversal charge to Profit & loss account
Total

1,712,957,401
(193,055,593)
1,519,901,808

Note:
Reversal of deferred tax expense relates to BMR credit has not accounted for in the books of account due to
uncertainity of available tax profits at this point of time.

JDW Coporate Farms


Expenses Apportionment of Expenses

As per Accounts
1
JDW
84.82%

Revenue
Less Costs:
Cost of sales
Administrative expenses
Other operating income
Finance cost
Net Profit

Assets for Tax

2
DSM
14.07%

Others wheat
1.11%

(2+3)
Exempt
15.18%

Total
100.00%

2,450,457,100

406,557,549

32,061,321

438,618,870

2,889,075,970
###

(2,277,106,264)
(8,982,784)
4,071,681
(3,472,700)
(2,294,629,599)
155,827,501

(377,796,755)
(1,490,342)
675,536
(576,159)
(379,187,720)
27,369,829

(29,793,231)
(117,529)
53,273
(45,436)
(29,902,923)
2,158,398

(407,589,986)
(1,607,871)
728,809
(621,595)
(409,090,643)
29,528,227

(2,684,696,250)
###
(10,590,655)
###
4,800,490
###
(4,094,295)
###
(2,703,720,242)
###
185,355,728
###
1,635,928

143,832,075

23,863,309

1,881,872

25,745,181

Agri Tax
Net Profit from Outside Sale
DSM
Others

27,369,829
2,158,398
29,528,227

Less:
A
Agricultural tax liability
Add: Rs. 22,500 on Rs. 300,000
Net Agri Tax

A X 15%

(300,000)
29,228,227
4,384,234
22,500
4,406,734

169,577,256

JDW Sugar Mills Limited


WORKING FOR CURRENT TAXATION

31-Mar-15
Allocation of Common Expenses

Revenue Sugar
Revenue Co gen
Revenue Corporate Farming
Total Revenue

Amount (Rs.)
11,817,405,894
1,715,484,222
438,618,870
13,971,508,986

Revenue of Corporate Farming - Exempt

438,618,870

Director's Remuneration
Electricity & Power
Finance Cost
Total Common Expenses
Formula
Expense Allocated to Corporate Farming

29,750,000
1,891,612
A

31,641,612

B/C * A
993,351

JDW Sugar Mills Limited


WORKING FOR CURRENT TAXATION
31-Mar-15
Corporate Farming
Amount (Rs.)
183,719,800

Profit / (loss) before Taxation As per Accounts


Add:
Accounting Depreciation
Tax Gain on Sale of PPE

117,116,586
117,116,586
300,836,386

Income / (loss) before Admissible deductions


Less:
Accounting Gain on Sale of PPE
Tax Depreciation
Fair Vale Gain on Biological Assets
Common Expenses Relating to Exempt Income

35,614,667
993,351
36,608,018
264,228,369

Taxable Income / (loss)


Revenue from in house sale
Revenue from outside sale
Total
Taxable Income / (loss) Relating to In house sale

85.77%
14.23%
100%

2,450,457,100
406,557,549
2,857,014,649
85.77%

226,628,268

JDW Sugar Mills Ltd


Tax Depreciation Schedule
31-Mar-15
Tax Year 2016

Initial Allowance
WDV as at
01 Oct 2014

Direct addition

(Rupees)

(Rupees)

(Deletion)

Transfers

Total

(Rupees)

(Rupees)

Rate %

Depreciation
Rate

Depreciation

Depreciation

Total depreciation
for the year

Closing WDV
31 Mar
2015

(Rupees)

(Rupees)

(Rupees)

Particulars
(Rupees)

(Rupees)

Building factory and Workshop

288,360,957

330,456,348

618,817,305

15

49,568,452

10

28,384,463

77,952,916

540,864,389

Building Others

171,494,962

36,146,478

207,641,440

15

5,421,972

10

10,083,272

15,505,244

192,136,196

9,173,443

412,470

9,585,913

15

716,974

716,974

8,868,939

58,672,350

812,400

(12,077,400)

2,223,100

49,630,450

15

3,712,086

3,712,086

45,918,364

1,304,117,272

1,942,158,723

(8,417,748)

3,237,858,247

25

485,539,681

15

205,858,348

691,398,028

2,546,460,218

23,450,130

23,450,130

30

3,507,882

3,507,882

19,942,247

5,481,859

3,251,802

8,733,661

25

812,951

30

1,184,852

1,997,802

6,735,859

22,397,982

22,397,982

15

1,675,246

1,675,246

20,722,736

1,860,750,973

2,335,636,203
-

(12,077,400)
-

255,123,123

796,466,178

3,381,648,950

Furniture & Fixture


Motor Vehicle
Plant & Machinery
Aircraft
Computers
Other assets

(6,194,648)

4,178,115,128

JDW Sugar Mills Ltd


Tax Depreciation Schedule - Co - Gen
31-Mar-15
Tax Year 2016
Particulars
Building factory and Workshop
Building Others
Furniture & Fixture
Motor Vehicle
Plant & Machinery
Aircraft
Computers
Other assets

Initial Allowance

WDV as at
01 Oct 2014

(Rupees)
189,496,595
7,669,418
1,651,779,388
132,011
60,405,992
1,909,483,404

JDW Sugar Mills Ltd


Tax Depreciation Schedule - Corporate Farms
31-Mar-15
Tax Year 2016
Particulars
Building factory and Workshop
Furniture & Fixture
Motor Vehicle
Plant & Machinery
Office equipment
Other assets

TOTAL

541,343,055

WDV as at
01 Oct 2014

(Rupees)
11,278,885
10,044,812
209,417,423
221,553,665
5,406,620
457,701,406
-

Direct addition

(Rupees)
284,517,420
7,191,899
2,720,348,648
1,692,347
110,026,039
3,123,776,353
-

Transfers

(Deletion)

(Rupees)
###
###
###
-

(Rupees)
###
###
###
###
###
-

Total

Rate %

(Rupees)
474,014,015
14,861,316
4,372,128,037
1,824,358
170,432,031
5,033,259,757

Depreciation
Rate

Depreciation

15
15
25
25
-

(Rupees)
42,677,613
1,078,785
680,087,162
423,087
724,266,647

10
10
15
15
15
30
30
15

Depreciation

(Rupees)
21,507,733
687,239
276,144,427
209,615
12,747,382
311,296,395

Total depreciation
for the year

(Rupees)
64,185,346
1,766,023
956,231,589
632,702
12,747,382
1,035,563,042

Closing WDV
31 Mar
2015

(Rupees)
409,828,669
13,095,293
3,415,896,448
1,191,657
157,684,649
3,997,696,715

Initial Allowance
Direct addition

(Rupees)
535,976
558,848
14,985,724
9,026,117
25,106,665
-

(Deletion)

(Rupees)
(157,413)
(13,745)
(7,909,310)
(81,169)
(222)
(8,161,859)

Transfers

(Rupees)

Total

(Rupees)
11,657,448
10,589,915
216,493,837
230,498,613
5,406,398
474,646,212

Rate %

Depreciation
Rate

Depreciation

(Rupees)
15
25
25
-

Depreciation

10
15
15
15
30
15

(Rupees)
581,275
792,068
16,192,553
17,240,033
808,738
35,614,667

84.82%

30,207,656

Total depreciation
for the year

(Rupees)
581,275
792,068
16,192,553
17,240,033
808,738
35,614,667

Closing WDV
31 Mar
2015

(Rupees)
11,076,172
9,797,847
200,301,284
213,258,580
4,597,660
439,031,544

372,377,873
1,071,177,709

4,436,728,260