BALANCE SHEET

AS AT 31 DECEMBER 2015
Note 2015 2014
(Rupees in ’000)
ASSETS

NON-CURRENT ASSETS

Property, plant and equipment 6 1,470,821 1,392,241

Intangibles 7 4,260 4,929
Long term investments 8 45,000 38,000
Long term deposits and prepayments 9 35,114 46,487
1,555,195 1,481,657

CURRENT ASSETS

Stores and spare parts 10 343 77

Stock in trade 11 2,967,199 2,729,707
Trade debts - unsecured 12 788,405 503,726
Advances - unsecured 13 42,990 60,596
Deposits, short term prepayments and
other receivables 14 618,910 589,113
Interest accrued 2,293 3,927
Short term investment 15 1,300,000 1,130,000
Tax refunds due from the Government 16 508,597 508,597
Cash and bank balances 17 455,334 383,689
6,684,071 5,909,432

TOTAL ASSETS 8,239,266 7,391,089

EQUITY AND LIABILITY

SHARE CAPITAL AND RESERVES

Authorized share capital 18.1 100,000 100,000

Issued, subscribed and paid up share capital 18.2 75,600 75,600
Reserves
Capital reserve 19 483 483
Revenue reserves 20 5,975,109 5,179,308
5,975,592 5,179,791
6,051,192 5,255,391

NON-CURRENT LIABILITIES

Long term deposits 21 45,000 38,000

Deferred liability - employee benefits 22 68,805 53,135
Deferred taxation 23 48,735 66,976
162,540 158,111

CURRENT LIABILITIES

Trade and other payables 24 1,403,702 1,454,707

Short term borrowings 25 – –
Provision for taxation 621,832 522,880
2,025,534 1,977,587
CONTINGENCIES AND COMMITMENTS 26

TOTAL EQUITY AND LIABILITIES 8,239,266 7,391,089

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2015

Chief Executive Director

Note 2015 2014
(Rupees in ’000)
SALES 27 14,781,520 13,767,156
COST OF SALES 28 8,776,323 8,388,033

GROSS PROFIT 6,005,197 5,379,123

DISTRIBUTION COST 29 2,852,455 2,604,190

ADMINISTRATIVE EXPENSES 30 936,629 877,256
OTHER EXPENSES 31 175,677 141,672
3,964,761 3,623,118
OTHER INCOME 32 91,348 163,316

OPERATING PROFIT 2,131,784 1,919,321

FINANCE COST 33 30,504 31,405

PROFIT BEFORE TAXATION 2,101,280 1,887,916
TAXATION 34 655,780 548,504

PROFIT AFTER TAXATION 1,445,500 1,339,412

OTHER COMPREHENSIVE INCOME (not to be reclassified to profit & loss)

Experience Adjustment - Employee Benefits (net of tax) 22 (7,099) 5,012
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 1,438,401 1,344,424
EARNINGS PER SHARE - BASIC AND DILUTED 36 Rs. 191.20 Rs. 177.17