FINANCIAL REPORTS

31-Dec 31-Dec
2015 2016
EQUITY AND LIABILITY RUPEES rupees

share capital and reserves

authorized capital 700,000,000 7,000,000,000
700000000 ordinary share of 10 each

issued,suscribed and paid up capital

31363200 ordinary share of 10 each 313632000 1321017980
share premium - 1966772143
accumulated loss -538082120 -1486605671
-224450120 1801184452

surplus on revaluation of
property plant and eqip-net 457615326 440355621

non-current liabilities
long term finances -
liabilities against assets subject to finance lease 59827955 129919028
Employee benfits 10629419 32822224
70457374 162741252

current liabilities

short term borrowing 1125089693 3899251334

current portion of long term liabilities 13643700 36097751
trade & other payables 437405875 1291303709
accured finance cost 28971814 49716962
1605111082 5276369756
contigencies and commitment
1908733662 7680651081

31-Dec 31-Dec
Assets 2015 2016
rupees rupees
Non-current assets

property,plant & equip. 1277997628 4937750901

intangible assets 616216 4441250
security deposits 1032686 944306
deferred taxation-net 76384766 628541639
 1356031296 5571678096

Current assets

stores spares & loose tools 38716297 93931361

stock in trade 174625644 684805793
trade debts. 37729967 77969418
loans & advances 21528308 48480455
deposits,repayments & other receivables 10460090 141347588
due from associate companies 2025419 39247
sales tax refundable-net 155860557 475950146
income tax-net 58795819 252909058
cash & bank balance 52960265 333539919
2108972985 2108972985
3465004281 7680651081
INCOME STATEMENT
FOR THE LAST THREE YEARS ENDED 31 DECEMBER 2015,2016,2017

31-Dec 31-Dec
2015 2016
Rupees Rupees

Net sales 689044680 3370506772

cost of sales -690303830 -3265001110
gross profit/loss -1259150 105505662
marketing and distribution expense -66009876 -1216258245
administrative expenses -60571439 -257212245
other income 2790857 28917826
other expenses -11070949 -27956611
loss from operations -136120557 -1367003613
finance cost -40810558 -150936517
loss before taxation -176931115 -1517940130
taxation 70857685 551020316
loss per share-basic an/diluted -3.38 -5.94
loss after taxation for the year -106073430 -966919814
other comprehensive income
items that will not be reclassified to profit and loss accounts
remeasurement of defined benefit obligations -
surplus on revaluation of property plant and equip-net

total comprehensive income for the year -106073430 -966919814

 CASH FLOW STATEMENT

cash flow from operating activities 1st july to 31 31-Dec-16

loss before taxaxtion -176931115 -1517940130

adjustment for non-cash items:
depriciation on property plant eqip. 39066522 192698513
amortization of intangible assets 330577 616216
loss/gain on disposal of property plant and equip. 2125468 -4927092
prior year sales tax - -
provision for doubtful debts - 9000000
provision for obsolete stock - 18568979
profit on bank deposits -404683 -7657883
provision for old stuck-up refunds of sales tax - -
liabilities no longer payable written back -2104698 -
exchange loss 4728523
provision for doubtful loans and advances 2939659 -
employee benefits-accumulated compensated absensee 1448996 22952570
finance cost 40810558 150936517
LOSS BEFORE WORKING CAPITAL CHANGES -87990193 -1135752310

Effect on cash flow due to working capital changes

increase/decrease in current assets:

stores,spares and loose tools -6073183 -73784042
stock-in-trade -16499359 -510180149
trade debts 895896 -49239451
loans and advances -17229182 -26952147
deposits,prepayments and other receivables 5586255 -118555498
due from associated companies -306934 1986172
sales tax refundable -50249546 -320089589
increase/decrease in trade and other payables 17835465 853897834
-66040588 -242916870
CASH USED IN OPERATIONS -154030781 -1378669180

income tax paid -18175787 -194113239

employee benefits paid -864449 -759765
security deposits-net 54000 88380
NET CASH USED IN OPERATING ACTIVITIES -173017017 -1573453804

CASH FLOW FROM INVESTING ACTIVITIES

fixed capital expenditure -280503588 -3952022173

sale proceeds from disposal of property plant & equip -907660 81944747
income on bank deposits received 404683 7657883
NET CASH USED IN INVESTING ACTIVITIES -281006565 -3862419543

SACH FLOW FROM FINANCING ACTIVITIES

Share capital issued - 2974158123

term finances-net -44285685 -
islamic finance-net - -
loans from chief executive and and a director-net - -
liabilities against assets subject to finance lease-net 67868222 92545124
short term burrowings-net 373775654 1250439755
finance cost paid -31429451 -112079887
dividend paid -1499 -
NET CASH GENERATED FROM FINANCING ACTIVIIES 365927241 4205063115

NET DECREASE IN CASH AND CASH EQUIVALENTS -88096341 -1230810232

CASH AND CASH EQUIVALENTS-AT BEGINNING OF PERIOD 141056606 -534461428
CASH AND CASH EQUIVALENT-AT END OF THE PERIOD 52960265 -1765271660
 Vertical Analysis horizontal analysis
31-Dec
2017
Rupees

7,000,000,000 20.2% 91.1% 58.8% 100.0% 900.0%

100.0%
100.0%
100.0%
5284071920 9.1% 17.2% 44.4% 100.0% 321.2%
1925340907 #VALUE! 25.6% 16.2% 100.0% #VALUE!
-3722990539 -15.5% -19.4% -31.3% 100.0% 176.3%
3486422288 -6.5% 23.5% 29.3% 100.0% -902.5%
0.0% 0.0% 0.0% 100.0% #DIV/0!
0.0% 0.0% 0.0% 100.0% #DIV/0!
1458968052 13.2% 5.7% 12.3% 100.0% -3.8%
0.0% 0.0% 0.0% 100.0% #DIV/0!
0.0% 0.0% 0.0% 100.0% #DIV/0!
4450000000 #VALUE! 0.0% 37.4% 100.0% #VALUE!
103054926 1.7% 1.7% 0.9% 100.0% 117.2%
55612612 0.3% 0.4% 0.5% 100.0% 208.8%
4608667538 2.0% 2.1% 38.7% 100.0% 131.0%
0.0% 0.0% 0.0% 100.0% #DIV/0!
0.0% 0.0% 0.0% 100.0% #DIV/0!
0.0% 0.0% 0.0% 100.0% #DIV/0!
1449501368 32.5% 50.8% 12.2% 100.0% 246.6%
38582834 0.4% 0.5% 0.3% 100.0% 164.6%
791751290 12.6% 16.8% 6.6% 100.0% 195.2%
73373064 0.8% 0.6% 0.6% 100.0% 71.6%
2353208556 46.3% 68.7% 19.8% 100.0% 228.7%
0.0% 0.0% 0.0% 100.0% #DIV/0!
11907266434 55.1% 100.0% 100.0% 100.0% 302.4%
0.0% 0.0% 0.0% 100.0% #DIV/0!
0.0% 0.0% 0.0% 100.0% #DIV/0!
31-Dec 0.0% 0.0% 0.0% 100.0% 0.0%
2017 0.0% 0.0% 0.0% 100.0% 0.0%
rupees #VALUE! #VALUE! #VALUE! 100.0% #VALUE!
0.0% 0.0% 0.0% 100.0% #DIV/0!
0.0% 0.0% 0.0% 100.0% #DIV/0!
6822273698 36.9% 64.3% 57.3% 100.0% 286.4%
17378388 0.0% 0.1% 0.1% 100.0% 620.7%
944306 0.0% 0.0% 0.0% 100.0% -8.6%
1061247592 2.2% 8.2% 8.9% 100.0% 722.9%
 7901843984 39.1% 72.5% 66.4% 100.0% 310.9%
0.0% 0.0% 0.0% 100.0% #DIV/0!
0.0% 0.0% 0.0% 100.0% #DIV/0!
0.0% 0.0% 0.0% 100.0% #DIV/0!
0.0% 0.0% 0.0% 100.0% #DIV/0!
107134205 1.1% 1.2% 0.9% 100.0% 142.6%
1021155966 5.0% 8.9% 8.6% 100.0% 292.2%
129704758 1.1% 1.0% 1.1% 100.0% 106.7%
75943368 0.6% 0.6% 0.6% 100.0% 125.2%
489877664 0.3% 1.8% 4.1% 100.0% 1251.3%
1093586 0.1% 0.0% 0.0% 100.0% -98.1%
484343381 4.5% 6.2% 4.1% 100.0% 205.4%
500867832 1.7% 3.3% 4.2% 100.0% 330.1%
1195301690 1.5% 4.3% 10.0% 100.0% 529.8%
4005422450 60.9% 27.5% 33.6% 100.0% 0.0%
11907266434 100.0% 100.0% 100.0% 100.0% 121.7%

15,2016,2017

31-Dec vertical analysis horizontal analysis

2017
Rupees

7000955306 100.0% 100.0% 100.0% 100.0% 389.2%

-6813735099 -100.2% -96.9% -97.3% 100.0% 373.0%
187220207 -0.2% 3.1% 2.7% 100.0% -8479.1%
-2335148674 -9.6% -36.1% -33.4% 100.0% 1742.5%
-410907504 -8.8% -7.6% -5.9% 100.0% 324.6%
37157677 0.4% 0.9% 0.5% 100.0% 936.2%
-59467972 -1.6% -0.8% -0.8% 100.0% 152.5%
2581146266 -19.8% -40.6% 36.9% 100.0% 904.3%
-435139468 -5.9% -4.5% -6.2% 100.0% 269.8%
-3016285734 -25.7% -45.0% -43.1% 100.0% 757.9%
728023875 10.3% 16.3% 10.4% 100.0% 677.6%
-9.22 0.0% 0.0% 0.0% 100.0% 75.7%
-2288261859 -15.4% -28.7% -32.7% 100.0% 811.6%
0.0% 0.0% 0.0% 100.0% #DIV/0!
0.0% 0.0% 0.0% 100.0% #DIV/0!
626647 0.0% #VALUE! 0.0% 100.0% #VALUE!
- 0.0% 0.0% #VALUE! 100.0% #DIV/0!
0.0% 0.0% 0.0% 100.0% #DIV/0!
-2287635212 -15.4% -28.7% -32.7% 100.0% 811.6%
 31-Dec-17

-3016285734

538749313
2040639
-1875883

3777210
-
-7820518

-4666100
28992565
-
28370511
398345529
-2030372468

-13202844
-336350173
-55512550
-27462913
-348530076
-1054339
-8393235
-523875959
-1314382089
-3344754557

-247958774
-4953476
-
-3597666807

-1064111202
 5705995
7820518
-1050584689

3921622704
4450000000
-
-
-37167119
-1800439755
-374689427
-2925
6159323478

1511071982
-1765271660
-254199678
 0.0%
#DIV/0!
#DIV/0!
#DIV/0!
300.0%
-2.1%
150.4%
93.6%
#DIV/0!
#DIV/0!
231.3%
#DIV/0!
#DIV/0!
#DIV/0!
-20.7%
69.4%
2731.9%
#DIV/0!
#DIV/0!
#DIV/0!
-62.8%
6.9%
-38.7%
47.6%
-55.4%
#DIV/0!
55.0%
#DIV/0!
#DIV/0!
0.0%
0.0%
#VALUE!
#DIV/0!
#DIV/0!
38.2%
291.3%
0.0%
68.8%
 41.8%
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
14.1%
49.1%
66.4%
56.6%
246.6%
2686.4%
1.8%
98.0%
258.4%
89.9%
55.0%

107.7%
108.7%
77.5%
92.0%
59.8%
28.5%
112.7%
-288.8%
188.3%
98.7%
32.1%
55.2%
136.7%
#DIV/0!
#DIV/0!
#VALUE!
#VALUE!
#DIV/0!
136.6%