GUL AHMED

STATEMENT OF FINANCIAL POSITION

AS AT JUNE 30
2019 2020
Assets

Non-Current Assets
Property, plant and equipment 19,009,542 23,951,846
Right of use assets - 2,323,849
Investment Property - 4,599,000
Intangible assets 171,880 232,449
Long term investment - 70,000
Long term loans and advances 64,781 59,830
Long term deposits 373,852 388,669
Deferred taxation 4,204 3,801
19,624,259 31,629,444

Current Assets
Stores and spares 1,469,564 2,047,067
Stock-in-trade 22,183,853 26,653,635
Trade debts 6,866,069 5,150,748
Loans, advances and other receivables 1,855,410 1,362,721
Short term prepayments 320,591 270,346
Receivable from Government 1,487,248 2,804,316
Taxation-net 977,961 1,132,621
Cash and bank balances 596,406 772,880
35,757,102 40,194,334

Total Assets 55,381,361 71,823,778

Equity and Liabilities

Share Capital and Reserves

Share Capital 3,564,955 4,277,946
Reserves 12,318,411 10,166,196
Equity attributable to the owners of the Holding Company 15,883,366 14,444,142
Non-controlling interest - 1,883,317
Total equity 15,883,366 16,327,459

Non-Current Liabilities
Long term financing 8,856,901 13,445,600
Lease liability against right-of-use assets - 2,198,535
Deferred taxation 88,342 49,532
Deferred government grant - 35,220
Defined benefit plan- Staff Gratuity 92,431 140,219
 9,037,674 15,869,106

Current Liabilities
Trade and other payables 9,911,216 12,310,931
Accrued mark-up / profit 300,010 405,979
Short term borrowings 19,036,992 25,995,109
Current maturity of long term financing 1,180,302 420,113
Current maturity of lease liability against right-of-use asset - 411,526
Current maturity of deferred government grant - 48,921
Unclaimed dividend 8,263 9,739
Unclaimed dividend 16,075 21,103
Provision for taxation 7,463 3,792
30,460,321 39,627,213

Total Equity and Liabilities 55,381,361 71,823,778

 2019 2020

Property, plant and equipment 19009542 23951846 Sales - net

Investment Property 0 6922849 Expenses
Intangible assets 171880 232449 Depreciation Expense
Long term investment 438633 518499 Operating profit
Deferred taxation 4204 3801 Finance cost
Stock-in-trade 23653417 28700702 (Loss) /profit before taxation
Trade debts 6866069 5150748 Taxation
pre-payments and other receivables 4641210 5570004 (Loss) /profit after taxation
Cash and bank balances 596406 772880

Total Assets 55381361 71823778

Total equity 15883366 16327459

Long term financing 8856901 15679355
Other payables (operating) 180773 189751
Trade payables 9911216 12310931
Short term borrowings 20549105 27316282

Total Equity and Liabilities 55381361 71823778

OCA 35164900 39425255

OCL 10091989 12500682
ONWC 25072911 26924573

Change in ONWC 1851662

Net Income 385,518

Add: Depreciation 2,147,164
Less: Change in ONWC 1851662
Operating Cash Flow 681,020
 2020

55932658
50942879
2,147,164
2,842,615
2054273
788,342
402824
385,518

30460321 39627213

40198135
 GUL AHMED
STATEMENT OF PROFIT OR LOSS
AS AT JUNE 30,2020
Sales - net 55,932,658
Cost of sales 46,262,397
Gross profit 9,670,261
Distribution cost 4,680,482
Administrative cost 3,261,931
Other operating cost 264,192
1,463,656
Other income 367,679
Operating profit 1,831,335
Finance cost 2,054,273
(Loss) /profit before taxation - 222,938
Taxation 402,824
(Loss) /profit after taxation - 625,762

2,147,164
1,114,767