JADEED FEEDS INDUSTRIES (PRIVATE) LIMITED

MATERIALITY LEVEL CALCULATION

FOR THE AUDIT OF YEAR ENDED JUNE 30 2021
PLANNING MATERIALITY
PLANNING/
RELEVENT
PERCENTAG PERCENTAG REPORTING
BENCH MARK AMOUNT E RANGE E SELECTED
MATERIALIT
Y BASE MATERIALITY
(Average Blending Rule)
Total Assets 18,517,355,377 0.5-1.5% 1% 185,173,554
Gross Revenue 27,278,745,840 0.5-1.5% 0.50% 136,393,729
108,004,906
Pre - tax Income 926,789,101 5%-10% 5% 46,339,455
Total Equity 6,411,288,567 1-5% 1% 64,112,886
PERFORMANCE MATERIALITY /TOLERABLE MISTATEMENT

PERFORMANCE MATERIALITY
Tolerable Misstatement
/TOLERABLE MISTATEMENT
HEAD OF ACCOUNT AMOUNT PKR
PERFORMANCE
Risk Level RATE MATERIALITY
% AMOUNT PKR

Property, plant and equipment 7,405,042,347 Low 70% 75,603,434 75% 56,702,576
Investment property 712,500 Low 70% 75,603,434 75% 56,702,576
Security deposits 9,407,997 Low 70% 75,603,434 75% 56,702,576
Biological assets 2,035,850,395 High 50% 54,002,453 75% 40,501,840
Inventories 4,514,980,086 Moderate 60% 64,802,944 75% 48,602,208
Trade and other receivables 2,538,015,656 Moderate 60% 64,802,944 75% 48,602,208
Advances, deposits and prepayments 1,178,010,941 Moderate 60% 64,802,944 75% 48,602,208
Tax refunds due from the Government, 628,286,628 Low 70% 75,603,434 75% 56,702,576
income tax
Cash and bank balances 207,048,827 Low 70% 75,603,434 75% 56,702,576
Long term financing 258,869,505 Low 70% 75,603,434 75% 56,702,576
Deferred income - Government grant 7,151,202 Low 70% 75,603,434 75% 56,702,576
Liability against assets subject to 173,596,645 Low 70% 75,603,434 75% 56,702,576
finance lease
Diminishing musharakah finance 225,000,000 Low 70% 75,603,434 75% 56,702,576
Trade and other payables 3,175,102,696 Moderate 60% 64,802,944 75% 48,602,208
Accrued mark-up 223,789,074 Moderate 60% 64,802,944 75% 48,602,208
Short-term borrowings 7,189,845,620 Low 70% 75,603,434 75% 56,702,576
Revenue 27,278,745,840 Moderate 60% 64,802,944 75% 48,602,208
Gain on fair value measurement of 666,793,713 High 50%
biological assets 54,002,453 75% 40,501,840
Cost of sales 24,888,300,581 Moderate 60% 64,802,944 75% 48,602,208
Distribution cost 271,520,339 Low 70% 75,603,434 75% 56,702,576
Administrative expenses 687,869,221 Low 70% 75,603,434 75% 56,702,576
Other income 61,488,079 Low 70% 75,603,434 75% 56,702,576
Other expenses 53,584,178 Low 70% 75,603,434 75% 56,702,576
Finance cost 1,178,964,212 Moderate 60% 64,802,944 75% 48,602,208

If risk is : Materiality Level

Low 70%
Moderate 60%
High 50%
Conclusion: Risk assesmsnt st completion stage was covered by materiality at planning stage, therefore materiality is not revised.
MUNIFF ZIAUDDIN & CO.
CHARTERED ACCOUNTANTS
 JADEED FEEDS INDUSTRIES (PRIVATE) LIMITED
MATERIALITY LEVEL CALCULATION
FOR THE AUDIT OF YEAR ENDED JUNE 30 2021
FINAL MATERIALITY
PLANNING/
RELEVENT
PERCENTAG PERCENTAG REPORTING
BENCH MARK AMOUNT E RANGE E SELECTED
MATERIALIT
Y BASE MATERIALITY
(Average Blending Rule)
Total Assets 17,648,730,228 0.5-1.5% 1% 176,487,302
Gross Revenue 37,878,275,181 0.5-1.5% 0.50% 189,391,376
132,732,754
Pre - tax Income 1,769,751,892 5%-10% 5% 88,487,595
Total Equity 7,656,474,332 1-5% 1% 76,564,743
PERFORMANCE MATERIALITY /TOLERABLE MISTATEMENT

PERFORMANCE MATERIALITY
Tolerable Misstatement
/TOLERABLE MISTATEMENT
HEAD OF ACCOUNT AMOUNT PKR
PERFORMANCE
Risk Level RATE MATERIALITY
% AMOUNT PKR

Property, plant and equipment 7,560,272,874 Low 70% 92,912,928 75% 69,684,696
Long term investments 1,012,000,000 Low 70% 92,912,928 75% 69,684,696
Investment property 712,500 Low 70% 92,912,928 75% 69,684,696
Security deposits 4,066,500 High 50% 66,366,377 75% 49,774,783
Biological assets 2,911,856,135 Moderate 60% 79,639,652 75% 59,729,739
Inventories 3,191,620,564 Moderate 60% 79,639,652 75% 59,729,739
Trade and other receivables 1,617,241,541 Moderate 60% 79,639,652 75% 59,729,739
Advances, deposits and prepayments 671,094,104 Low 70% 92,912,928 75% 69,684,696
Tax refunds due from the Government, Low 92,912,928 75% 69,684,696
income tax 425,681,594 70%
Cash and bank balances 254,184,416 Low 70% 92,912,928 75% 69,684,696
Long term financing 207,523,478 Low 70% 92,912,928 75% 69,684,696
Deferred income - Government grant 3,808,800 Low 70% 92,912,928 75% 69,684,696
Liability against assets subject to 152,437,011 Low 70% 92,912,928 75% 69,684,696
finance lease
Diminishing musharakah finance 75,000,000 Moderate 60% 79,639,652 75% 59,729,739
Trade and other payables 2,661,445,928 Moderate 60% 79,639,652 75% 59,729,739
Accrued mark-up 103,927,063 Low 70% 92,912,928 75% 69,684,696
Short-term borrowings 5,373,921,165 Moderate 60% 79,639,652 75% 59,729,739
Revenue 37,878,275,181 High 50% 66,366,377 75% 49,774,783
Gain on fair value measurement of 2,577,927,774 Moderate 60% 79,639,652 75% 59,729,739
biological assets
Cost of sales 36,870,010,616 Low 70% 92,912,928 75% 69,684,696
Distribution cost 350,057,869 Low 70% 92,912,928 75% 69,684,696
Administrative expenses 770,866,811 Low 70% 92,912,928 75% 69,684,696
Other income 113,605,615 Low 70% 92,912,928 75% 69,684,696
Other expenses 127,977,888 Moderate 60% 79,639,652 75% 59,729,739
Finance cost 681,143,494 High 50% 66,366,377 75% 49,774,783

If risk is : Materiality Level

Low 70%
Moderate 60%
High 50%
Conclusion: Risk assesmsnt st completion stage was covered by materiality at planning stage, therefore materiality is not revised.
MUNIFF ZIAUDDIN & CO.
CHARTERED ACCOUNTANTS
 SADIQ POULTRY FARMS (PRIVATE) LIMITED
MATERIALITY LEVEL CALCULATION
FOR THE AUDIT OF YEAR ENDED JUNE 30 2018
COMPLETION MATERIALITY

RELEVENT PLANNING/REPORTING
MATERIALITY
HEAD OF ACCOUNT AMOUNT MATERIALIT MATERIALITY (Average
LEVEL
Y BASE Blending Rule)

Total Assets 1,131,810,041 1% 11,318,100

Gross Revenue 648,880,977 0.5% 3,244,405
5,795,695
Pre - tax Income 36,390,041 5% 1,819,502
Total Equity 680,077,330 1% 6,800,773
PERFORMANCE MATERIALITY /TOLERABLE
MISTATEMENT AND ENTRY LEVEL
MISTATEMENT
PERFORMANCE
ENTRY LEVEL
MATERIALITY /TOLERABLE
MISTTAEMENT
MISTATEMENT
HEAD OF AMOUNT
ACCOUNT PKR PLANNING PERFORMANC POSTING
POSTING
MATERIALIT RATE E THRESHOL
THRESHOLD
Y MATERIALITY D%

Non Current Liabilities 295,222,970 5,795,695 60% 3,477,417 4% 139,097

Assets Subject to
Finance Lease #NAME? 5,795,695 50% 2,897,848 5% 144,892
Trade and Other
payables 86,590,637 5,795,695 50% 2,897,848 5% 144,892
Property , plant and
equipment 548,761,932 5,795,695 50% 2,897,848 5% 144,892
Stock in trade 37,910,433 5,795,695 60% 3,477,417 5% 173,871
Advance 346,938,707 5,795,695 50% 2,897,848 5% 144,892
Debtors 28,787,595 5,795,695 50% 2,897,848 5% 144,892
Cash and bank balances 13,768,726 5,795,695 60% 3,477,417 5% 173,871
Cost of sales (613,579,520) 5,795,695 60% 3,477,417 5% 173,871
Sales 648,880,977 5,795,695 40% 2,318,278 3% 69,548
Distribution costs (33,300,767) 24,839,107 60% 14,903,464 5% 745,173
Administrative expense (18,812,941) 24,839,107 60% 14,903,464 5% 745,173

If risk is : Materiality Level

Ver Low 70%

Low 60%
Moderate 50%
High 40%
Conclusion: Risk assesmsnt st completion stage was covered by materiality at planning stage, therefore materiality is not revised.
MUNIFF ZIAUDDIN & CO.
CHARTERED ACCOUNTANTS