FINANCIAL

STATEMENTS
FOR THE YEAR ENDED JUNE 30 , 20 21
STATEMENT OF FINANCIAL POSITION
AS AT JUNE 30 , 20 21

Rup ee s in t ho usa nd No t e 20 21 20 20

ASSETS
NON CURRENT ASSETS
Pro p e rt y, p la nt a nd e q uipm e nt 5 4 2 ,9 4 5 ,19 4 4 1,557,9 35
Inve st m e nt p ro p e rt y 6 88 ,4 5 0 8 5 ,531
Lo ng t e rm d e p o s it s 7 6 4 ,714 6 4 ,9 22
4 3 ,0 9 8 ,358 4 1,70 8 ,388

CURRENT ASSETS
Sto re s , sp a re s a nd loo se too ls 8 3 ,0 8 0 ,234 2 ,6 15 ,4 8 9
Sto c k-in-t ra d e 9 6 58 ,882 4 18 ,0 8 9
Tra d e d e b t s - unse c ure d 10 1,333 ,9 78 9 74 ,170
Lo a ns a nd a d va nce s 11 720 ,85 4 8 55 ,6 37
Tra d e d e p o s it s a nd sho rt t e rm p re p aym e nt s 12 7 ,0 4 8 2 ,30 6
Ad va nce inco m e ta x - ne t 13 1,26 5 ,134 99 1,99 1
Sa le ta x re ce iva b le - ne t - 36 0 ,26 9
Ot he r re ce iva b le s 14 236 228
Sho rt t e rm inve st m e nt s 15 9 78 ,738 74 1,736
Ca sh a nd b a nk b a la nce s 16 337 ,4 37 366 ,214
8 ,382 ,5 4 1 7,326 ,129
TOTAL ASSETS 5 1,4 8 0 ,8 99 4 9 ,0 34 ,517

Chie f Fina nc ia l O ffice r Chie f Exe c ut ive O ffice r Cha irm a n

44 Annua l Re p o rt 20 21 PIO NEER CEMENT LIMITED

STATEMENT OF FINANCIAL POSITION
AS AT JUNE 30 , 20 21

Rup ee s in t ho usa nd No t e 20 21 20 20

EQUITY AND LIABILITIES

SHARE CAPITAL AND RESERVES
Aut ho rize d sha re ca p ita l 17 3 ,5 0 0 , 0 0 0 3 ,500 , 000
Issue d , sub sc rib e d a nd p a id up sha re ca p ita l 18 2 ,271,4 8 9 2 ,271,4 8 9
Re se rve s
Capital
Sha re p re m ium 19 19 7 ,5 17 19 7,517
Surp lus o n re va lua t io n o f p ro p e rt y, p la nt a nd e q uipm e nt -ne t o f ta 20 2 ,6 18 ,15 7 2 ,7 11,132
x
Re ve nue
Acc um ula t e d p ro fit s 10 ,0 12 ,127 7,9 4 8 ,0 88
12 ,82 7 ,8 0 1 10 ,8 56 ,737
15 ,0 99 ,29 0 13 ,128 ,226

LIABILITIES
NON CURRENT LIABILITIES
Lo ng t e rm fina nc ing - se c ure d 21 16 ,79 4 ,355 18 ,9 0 1,6 27
Lo ng t e rm d e p o s it s 22 44 ,334 25 ,887
De fe rre d g ra nt 23 5 ,8 6 8 6 ,6 24
De fe rre d lia b ilit ie s 24 1,75 1,696 1,8 37,8 31
Re t e nt io n m o ne y 8 0 2 ,74 6 79 4 ,6 9 1
19 ,39 8 ,999 21,566 ,66 0

CURRENT LIABILITIES
Tra d e a nd o t he r p aya b le s 25 5 ,4 22 ,385 5 ,0 8 0 ,0 9 7
Lo a n fro m re la t e d p a rt y 26 350 , 0 0 0 50 0 ,000
Co nt ract lia b ilit ie s 27 119 ,79 2 110 ,0 53
Sa le s ta x p aya b le - ne t 4 5 7 ,18 0 -
Acc rue d in t e re st / p ro fit o n fina nc ing 28 5 75 ,0 8 6 9 71,523
Sho rt t e rm b o rrow ing s - se c ure d 29 5 ,257 ,251 5 ,8 9 2 ,0 4 1
Curre nt p o rt io n o f lo ng t e rm fina nc ing - se c ure d 21 4 ,739 ,9 73 1,720 ,4 0 6
Unc la im e d d ivid e nd 30 6 0 ,9 4 3 6 5 ,511
16 ,9 82 ,6 10 14 ,339 ,6 31
TOTAL LIABILITIES 36 ,381,6 0 9 35 ,9 0 6 ,29 1
CONTINGENCIES AND COMMITMENTS 31 - -
TOTAL EQUITY AND LIABILITIES 5 1,4 8 0 ,8 99 4 9 ,0 34 ,517

The a nnexe d no t e s fro m 1 to 52 fo rm a n in t e g ra l p a rt o f t he se fina nc ia l sta t e m e nt s .

Chie f Fina nc ia l O ffice r Chie f Exe c ut ive O ffice r Cha irm a n

PIO NEER CEMENT LIMITED Annua l Re p o rt 20 21 4 5

STATEMENT OF PROFIT OR LOSS
FOR THE YEAR ENDED JUNE 30 , 20 21

Rup ee s in t ho usa nd No t e 20 21 20 20

Re ve nue fro m co nt ract s w it h c usto m e rs ( ne t o f t ria l run) 32 21,8 17 ,6 0 5 6 ,28 6 ,9 51

Co st o f sa le s ( ne t o f t ria l run) 33 ( 17 ,699 ,66 0 ( 6 ,39 0 ,0 4 5 )
)
Gro ss pro fit / ( lo ss) 4 ,117 ,9 4 5 ( 10 3 ,0 9 4 )

Dist rib ut io n co st 34 ( 118 ,6 0 2 ) (252 ,6 99 )

Adm in is t ra t ive exp e nse s 35 ( 128 ,386 ) ( 10 8 ,6 0 3 )
Ot he r o p e ra t ing inco m e 36 30 2 ,53 0 10 2 ,796
Ot he r o p e ra t ing exp e nse s 37 ( 152 ,769 ) ( 1,0 27)
( 9 7 ,227 ) (259 ,533 )
Ope rating pro fit / ( lo ss) 4 ,0 20 ,718 ( 36 2 ,6 27)
Fina nce co st 38 ( 1,8 17 ,6 83 ) ( 39 2 ,754 )
Pro fit / ( lo ss) be fo re taxatio n 2 ,20 3 ,0 35 (755 ,38 1)
Ta xa t io n 39 ( 228 ,58 9 ) 54 5 ,759
Pro fit / ( lo ss) a fte r ta xa t io n 1,9 74 ,44 6 (20 9 ,6 22)
Earning s / ( lo ss) pe r share - basic and dilute d ( Rupee s) 40 8 .69 ( 0 .9 2)

The a nnexe d no t e s fro m 1 to 52 fo rm a n in t e g ra l p a rt o f t he se fina nc ia l sta t e m e nt s .

Chie f Fina nc ia l O ffice r Chie f Exe c ut ive O ffice r Cha irm a n

46 Annua l Re p o rt 20 21 PIO NEER CEMENT LIMITED

STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED JUNE 30 , 20 21

Rup ee s in t ho usa nd 20 21 20 20

Pro fit / ( lo ss) a fte r ta xa t io n 1,9 74 ,44 6 (20 9 ,6 22)

Ite ms that may be re c lassifie d to s tate me nt o f pro fit o r lo ss
subse que ntly
Re -m e a sure m e nt ( lo ss) / g a in o n d e fine d b e ne fit p la n ( 4 ,76 3) 23 ,24 7
Re la t e d ta x 1,381 ( 6 ,74 2)
(3 ,382) 16 ,50 5
Ot he r co mp re he nsive ( lo ss) / inco m e fo r t he ye a r (3 ,382) 16 ,50 5
To ta l co mp re he nsive inco m e / ( lo ss) fo r t he ye a r 1,9 71,0 6 4 ( 19 3 ,117)

The a nnexe d no t e s fro m 1 to 52 fo rm a n in t e g ra l p a rt o f t he se fina nc ia l sta t e m e nt s .

Chie f Fina nc ia l O ffice r Chie f Exe c ut ive O ffice r Cha irm a n

PIO NEER CEMENT LIMITED Annua l Re p o rt 20 21 4 7

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30 , 20 21

Rup ee s in t ho usa nd No t e 20 21 20 20

CASH FLOWS FROM OPERATING ACTIVITIES

Cash ge ne rate d fro m o pe ratio ns 45 5 ,128 ,74 0 700 ,6 30

Inco m e ta x p a id ( 6 0 8 ,76 5 ) ( 8 5 ,156 )

Wo rke rs ' p ro fit p a rt ic ip a t io n fund p a id ( 8 0 ,000 ) ( 13 ,30 5 )
Wo rke rs ' we lfa re fund p a id - ( 31,527)
Gra t uit y a nd co mp e nsa t e d a b se nce s p a id ( 22 ,8 0 8 ) ( 18 ,554 )
Provid e nt fund p a id ( 20 ,772) ( 19 ,8 6 2)
De c re a se / ( inc re a se) in lo ng t e rm d e p o s it s - ne t 18 ,6 55 (7,710 )
(713 ,69 0 ) ( 176 ,114 )
Ne t c ash ge ne rate d fro m o pe rating ac tivitie s A 4 ,4 15 ,0 5 0 524 ,516
CASH FLOWS FROM INVESTING ACTIVITIES
Ca p ita l exp e nd it ure inc urre d ( 1,8 6 2 ,9 5 6 ( 5 ,876 ,6 88 )
)
Pro cee d s fro m d isp o sa l o f p ro p e rt y, p la nt a nd e q uipm e nt 1,712 -
Disp o sa ls o f sho rt t e rm inve st m e nt s - 22 ,536
Ne t c ash use d in inve s ting ac tivitie s B ( 1,8 6 1,244 ) ( 5 ,8 54 ,152)
CASH FLOWS FROM FINANCING ACTIVITIES
Lo ng t e rm fina nc ing - se c ure d - ne t 9 0 9 ,8 73 4 ,00 7,212
Lo a n fro m re la t e d p a rt y - ne t ( 15 0 , 0 0 0 ) 50 0 ,000
( De c re a se) / inc re a se in sho rt t e rm b o rrow ing s - ne t ( 6 34 ,79 0 ) 1,0 6 1,4 9 1
Fina nce co st p a id - ne t ( 2 ,70 3 ,0 9 8 ( 8 0 ,66 4 )
)
Divid e nd p a id ( 4 ,5 6 8 ) ( 3 ,113 )
Ne t c ash ( use d in) / ge ne rate d fro m financ ing ac tivitie s C ( 2 ,582 ,583 5 ,4 8 4 ,9 26
)
Ne t (de c re ase ) / inc re ase in c ash and c ash e quivale nts A+B+C ( 28 ,777) 155 ,29 0
Cash and c ash e quivale nts at the beg inning o f the ye ar 366 ,214 210 ,9 24
Cash and c ash e quivale nts at the e nd o f the ye ar 337 ,4 37 366 ,214

The a nnexe d no t e s fro m 1 to 52 fo rm a n in t e g ra l p a rt o f t he se fina nc ia l sta t e m e nt s .

Chie f Fina nc ia l O ffice r Chie f Exe c ut ive O ffice r Cha irm a n

48 Annua l Re p o rt 20 21 PIO NEER CEMENT LIMITED