CHAKWAL SPINNING MILLS LIMITED FINANCIAL STATEMENTS & AUDITORS’ REPORT FOR THE YEAR ENDED JUNE 30, 2014CHAKWAL SPINNING MILLS LIMITED BALANCE SHEET AS AT JUNE 30, 2014 2014 2013 2014 2013 Note Rupees Rupees Note Rupees Rupees CAPITAL AND LIABILITIES, ASSETS Share Capital and Reserves Non Current Assets Authorized capital Poperty, plant and equipment 14 1421,979,763 936,286,340 '+00,000,000 (2013: 100,000,000eF Rs.06¥- each) ordinary Capital Work In Progress 5 13,842,297 564.470 shares of RS 5I- each '500,000,000_ __ 00,000,000 7136,822. 160 ——SBBBBOBTO™ Issued, subscribed and paid up share capital. —4-—=—-200,000,000 200,000,000 Long term loans 16 5,511,500 5.424.997 ‘Accumulate Proft 211.166.141 __188,875,776__ Long tem deposits 7 8,797,191 6,357,191 471. 166.181 —388,875, 776 14308601 11,782,188 ‘Surplus on Revaluation of Property, Plant and Equipment 5 193,399,152 54,004,506 ‘Current Assets Loan from Directors (subordinated) 6 271,286,000 971,256,000 Stores and spares 18 TERS EAT || —_T4b12 07 Liabilities Against Asset Subject Stock in trade se | 298.934.4084 || 367,498693 ‘to Finance Lease 7 11,828,122 ~ Trade debts 20 | s0,972068 || 1041670,793 Lane and advances 21 | 174638598 || 194,334,009, Non Current Liabilities ‘Trade deposits, prepayments Deferred liabilities 8 84503658 75,301,703 _and other recewvables 2 1370303 || 23,300,429 Cash and bank balances 2B 9.553.698 727 650. (Current Liabilities 720,529,700 705 223.648 “Trade and other payables 9 [saa Taeis] [aoa ame ere ‘Accrued mark- up 10 9,646,162 8,908,455 ‘Shor term borrowings st | sr2z63sra || 328.247.414 Current portion of non current hailires 7 5.340 418 Provision for taxation 2 7.118.745 ||_16.403,174 THT 510487 T63618.661 Contingencies and Commitments 13 . DTS TSE TS ETE The annexed notes 1 to 41 form an integral part ofthese financial statements. ara . Lahore (Khawaja Mdhammad Jahangir) (khawdja Mohammed Kaleern) Getober 10, 2014 ‘Chief Execute DirectorCHAKWAL SPINNING MILLS LIMITED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED JUNE 30, 2014 2014 2013 Rupees Rupees Sales 24 2,720,953,2012,71,831.972 Cost of sales 25 _(2,402,198,739) _(2.410,682.473) Gross Profit 228,754,462 334,149,499 Distibution east 26 [ We250827)| 67 50.SEA) ‘Administrative expenses 27 |__(58,638.830)|| (83,251,488) 114,888,651) (150,852,052) Operating Profit 113,855,811 180,317,447 Finance cost 28 (48,983,383) (36,160,280) ‘Other operating expenses 29 (6,126,338) (7.860.480) (Other operating income 30 696,876 2,001,188 Profit before Ta 62,442,998 138,297,895, Taxation 31 __ (10,184,220) __(21,924.876) Profit after Taxation 52,258,769 __115.373,010 Earnings per Share - Basic & Diluted 32 131 291 The annexed notes 1 10 41 form an integral pat ofthese financial statements, a : oman Nusa Lahore (Khawaja Mohammad Jahangie) ctober 10, 2014 (Chet Executive vector