Statement of Financial Position

AS AT 30 JUNE 2020
2020 2019
ASSETS
Non-current assets Property, plant and equipment Right-of-use asset
Intangible assets
Long term loan to employees - secured Long term deposits and prepayments Deferred
taxation - net
Current assets Stores and spares Stock-in-trade Trade receivables
Loans and advances
Short term deposits and prepayments Short term investment
Other receivables Taxation - net
Cash and bank balances
TOTAL ASSETS
EQUITY AND LIABILITIES
Shareholders' equity
Authorised share capital of
140,000,000 (June 30, 2019: 70,000,000) ordinary shares of Rs. 10 each
Issued, subscribed and paid-up capital Reserves
Note (Rupees in '000)
           5,099,815             5,933,818  
           1,400,000                700,000  
20 840,600 560,400
              761,653                635,614  
6 2,062,270
7.1 14,925

8 -
9
2,549

10 10,038

11 34,061

12
13
14
15
16
17
18
19
 2,062,270 2,166,193
14,925
-
- 421
2,549

###
10,038
###
34,061 187,935
2,123,843 2,363,287
21
7.3
22
1,602,253
1,196,014

271,140
126,035

12,186 -
36,096
30,925
Non-current liabilities 2
Long term finances - secured Lease liability 3
Staff retirement benefits 2
Current liabilities 4
Trade and other payables Accrued markup 7
Short term borrowings - secured Current portion of lease liability .
Unclaimed dividend 3
Current portion of long term finance Current portion of long term 2
payable 5
TOTAL EQUITY AND LIABLITIES
Contingencies and commitments
319,422 156,960
           5,099,815             5,933,818  
 1,267,808
24,539
1,793,868
5,834
4,219
81,872
-

3,178,140
1,110,554
21,971
2,432,290
- 4,223
403,420
608,386

4,580,844
The annexed notes 1 to 44 form an integral part of these financial statements.
 YAKOOB HAJI KARIM NOMAN YAKOOB
Chief Executive Director
34
 SALEEM ADVANI
Chief Financial Officer
Statement of Profit or Loss
FOR THE YEAR ENDED 30 JUNE 2020
Note 2020 2019
(Rupees in '000)
Net sales 26 6,587,155 7,
Cost of sales Gross profit 27     (6,126,504)  0
Distribution and selling costs Administration and general expenses Impairment loss 28 460,651 2
on trade receivables Other operating expenses 29 (181,878) 4,
Unrealised gain on remeasurement of investment Other income 14.1 278,773 9
Operating profit before finance costs 30 22 3
Finance costs 31            11,199   5
Loss before taxation Taxation 32 289,994   
Loss after taxation from continuing operations 33 (99,309)   
Profit after taxation from discontinued operations Loss for the year 34                   66   (
(99,243) 6,
                200   3
         (99,043)  5
3,
2
2
1
)
6
7
1,
7
1
4
(
5
0
2,
5
9
9
)
1
6
9,
1
1
5
-
  
  
  
  
  
  
 9
,2
2
7 
 
1
7
8,
3
4
2
(
1
5
0,
4
3
6
)
(
1
2
4,
1
6
2
)
  
  
(108,067)
(68,287)
- (5,524)
 (81,031)
(58,911)
(8,481)
(354,176)
(389,303)
(328,778)
26,274
(Rupees)
Loss per share - basic and diluted 35              (1.39) 
*Loss per share for prior year is restated for effect of right issue
The annexed notes 1 to 44 form an integral part of these financial statements.
           (2.18)*  
YAKOOB HAJI KARIM NOMAN YAKOOB
Chief Executive Director
 SALEEM ADVANI
Chief Financial Officer
35