condensed interim financial information updated...ar on year d expenses tly decreas year. redu ey...

CO

Com

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ONTENT

mpany’s inf

ectors’ Rep

ndensed In

ndensed In

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port (Englis

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terim Stat

terim Stat

terim Stat

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ement of F

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me

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‐ 19

For the Quarter ended September 30, 2019 | 2

CO

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Mr.

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. Rehan Rahm

ard Audit C. Nasim Hyder

. Khaleequr Re

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The

Fina

PAK

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Laur

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Asia

Text

the

62 p

FINA

Net impainflafor tcomincre

Prof

Sale

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Fina

Prof

Prof

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Directors of

ncial Statem

KISTAN’S ECO

acknowledg

wth rate is n

ernment nee

e, providing

reate econo

cal infrastruc

n economies

tile exports d

period. The t

percent durin

ANCIAL PERF

turnover foact of exchaationary presthe quarter amparison witeasing tax im

fit and Loss A

es‐ net

ss profit

min and distr

er expenses

er income

ance cost

fit before tax

fit after taxat

f Feroze188

ments for the

ONOMIC OU

ged fact that

on‐sustainab

eds to imple

incentives to

mist — puts

cture and di

s can go a lo

during 2MFY

textile group

ng the same

FORMANCE

or the quarteange rate dissure on cosat PKR 744 mh the samempact. Summ

Account for th

ibution cost

xation

tion

8 Mills Limit

e quarter end

TLOOK

t the consum

ble any more

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s it, “produc

plomatic bot

ng way in im

Y20 increase

p accounted

period last y

OVERVIEW

er at PKR 7,fferences yet of sales anmillion is slighe period lastmary of the k

he Year Ende

Septembe

2019

7,650,327

2,059,058

(813,991

(423,390

72,259

(58,998

834,938

743,916

1.97

Un‐

DIREC

ted (‘the Co

ded 30 Septe

mption‐drive

e. It is high t

sary stabilisa

ustries and i

ctivity isn’t e

ttlenecks wit

mproving the

d 2.3 percen

for 61 perce

year.

650 million ear on year d expenses htly decreast year. Redukey financial

Rs. In '0

ed,

r Septemb

2018

7 6,114,6

8 1,371,8

1) (646,8

0) (46,7

9 145,3

8) (28,2

8 795,2

6 746,7

7 1.

audited

CTORS’

ompany) are

ember 2019.

en growth m

ime that Pak

ation measu

improving pr

everything, b

th the aim to

productive

nt year on ye

ent of total e

is 25% highbasis and soffsets this ied by 0.4% duction of beindicators is

000

Statem

ber

678 Prope

810 Long t

Stock‐

895) Trade

794)

360 Share

215) Reserv

Long t

267 Short t

776

98

REPORT

pleased to

model that Pa

kistan shifts

res aimed at

roductivity o

but in the lo

o develop tr

potential of

ear against a

xports durin

er than the slight increasincrement udue to increaenefit unders presented b

ment of Finan

rty, plant and

erm investm

‐in‐trade

debts

capital

ves

erm financin

term borrow

T

present the

akistan has

towards exp

t containing

of the econo

ong run it is

ade linkages

the econom

a growth of

g the first tw

same periose in volumep to major ease in input cr section 65below.

ncial Position

d equipment

ments

ng

wings

e Un‐audited

come to rely

ports as the k

consumptio

my. As Paul

almost eve

s with region

y.

3 percent in

wo months o

d last year (es. Howeverextent. As a rcost, finance5B remains t

n As At,

Un‐audited

September

2019

t 14,605,082

230,351

8,853,651

6,972,030

3,768,009

17,079,356

2,668,893

6,490,000

d Condensed

y on to achi

key driver of

on while, at t

Krugman —

erything.” Ad

nal Central a

total export

of FY20 as op

(SPLY) mainlr on the othresult profit e cost and tathe major c

Rs. In '00

d Audited

r June 2019

2 13,458,88

1 186,15

1 6,411,08

0 7,629,99

9 3,768,00

6 16,335,44

3 1,991,54

0 6,490,00

d Interim

ieve high

f growth.

the same

— a Noble

ddressing

nd South

ts during

pposed to

y due to her hand after tax

axation in cause for

00

9

82

53

87

94

09

40

46

00


Econrestmomrest

FUT

Econ

a tig

Dete

econ

The rateimpthe reduwor

ACK

The

in th

Reh

Chie

Kara

Date

nomic uncerrained businmentum fromore the indu

URE OUTLOO

nomic growt

ghter monet

eriorating re

nomic growt

interbank fo system. Throved sentimUS dollar siuced its polild. This wou

KNOWLEDGE

Company re

he Company

han Rehman

ef Executive

achi

e: 23 Octobe

rtainties, couness activitym the last qustry’s export

OK

th in FY 2020

tary stance

elations with

th of 3.5% in

oreign exchahe initial volments and cnce the lastcy rate by 2ld help in low

EMENT AND

emains grate

and their tir

e Officer

er 2019

upled with a y during thuarter with t competitive

0 is likely to r

and still‐ele

h India, and

FY 2020 and

ange marketatility and aontinued adt two month25 basis poinwering press

APPRECIATI

eful to its sha

reless efforts

rising inflate period uimproved peeness.

remain weak

evated inflat

substantial

d 4.0% in FY

t had adjusteassociated udjustment in hs, unlike itsnts (bps), folsures on eme

ON

areholders, e

s in deriving t

ion, fluctuatnder reviewerformance f

k as Pakistan’

ion are expe

financing ne

2021 is antic

ed relativelyncertainty ithe current

s previous trllowed by poerging marke

employees, s

the Compan

ing exchangw. However,following va

’s severe twi

ected to eat

eeds, represe

cipated.

y well to the n the excha account, thrend. On theolicy rate cuets’ currencie

suppliers, co

y on the pat

A

e rates and , the textilerious initiati

in deficits re

t into house

ent addition

introductioange markethe rupee hade external fruts by other es and poten

ntractors an

h of growth

Asim Shabbi

Director

higher intere industry bives taken by

quire fiscal a

ehold spend

nal risks to t

n of the mat had subsidd strengthenront, the USmajor centrntially increa

d customers

and prosper

ir Patka

est rates, rebuilt on its y the govern

austerity. In

ding and inv

the outlook.

rket‐based eded. Reflectined modestly Fed, as antral banks arose financial i

s for their co

rity.

esulted in positive

nment to

addition,

estment.

Average

exchange ng these y against ticipated, ound the inflows.

onfidence


Consumption

(Paul

Krugman)

(Infrastructure)

0.4


(Twin Deficit)

(25 basic points (US Fed)

-BPS-)


CoAs

ASS

Non

Pro

Inta

Lon

Lon

Cur

Sto

Sto

Tra

Adv

Tax

Cas

Tot

EQU

Sha

Aut

Issu

Res

Liab

Non

Def

Lon

Cur

Tra

Sho

Acc

Cur

Unc

CON

Tot

The

400

ondenseds at Septe

SETS

n‐current as

operty, plan

angible asse

ng term inve

ng term dep

rrent assets

re and spar

ck in trade

de debts ‐ c

vances, dep

xation ‐ net

sh and bank

tal assets

UITY AND LI

are capital a

thorised sha

ued, subscri

serves

bilities

n‐current lia

ferred liabil

ng term fina

rrent liabilit

de and othe

ort term bor

crued mark‐

rrent portio

claimed div

NTINGENCI

tal equity an

e annexed n

Muham

Chief Fin

0,000,000 (20

d Interim ember 30

ssets

t and equip

ets

estments

posits

res

considered

posits, prepa

balances

IABILITIES

and reserves

are capital

ibed and pa

abilities

lity

ancing

ties

er payables

rrowings

‐up

n of long te

idend

ES AND COM

nd liabilities

notes 1 to 17

mmad Fahee

nancial Offic

018: 400,000

Statemen, 2019

pment

good

ayments an

s

aid‐up capit

erm financin

MMITMENT

s

7 form an in

m

cer

0,000) ordin

nt of Fina

nd other rec

al

ng

TS

ntegral part

Ch

nary shares o

ancial Pos

ceivables

of these co

Rehan Rah

hief Executiv

of Rs 10/‐

sition

Note

5

6

7

8

9

10

ondensed in

hman

ve Officer

Un‐audSeptemb

201

14,6

2

14,8

1,0

8,8

6,9

2,6

4

1,2

21,2

36,1

4,0

3,7

17,0

20,8

1

2,6

2,8

5,5

6,4

3

12,4

36,1

nterim finan

A

‐‐‐‐‐‐‐‐

ditedber 30,

19

605,082

26,216

230,351

16,380

878,029

077,963

853,651

972,030

621,014

492,273

230,872

247,803

125,832 ‐

000,000

768,009

079,356

847,365

171,414

668,893

840,307

523,786

490,000

38,157

384,408

1,809

438,160

125,832

ncial inform

Asim Shabbi

Directo

(Rupees in

Audited June 30,

2019

13,458,8

1,8

186,1

16,3

13,663,2

908,5

6,411,0

7,629,9

1,604,5

482,1

3,267,6

20,304,0

33,967,3 ‐

4,000,0

3,768,0

16,335,4

20,103,4

143,4

1,991,5

2,135,0

4,910,6

6,490,0

50,8

275,3

1,8

11,728,8

33,967,3

ation.

r Patka

or

'000) ‐‐‐‐‐‐‐

882

852

153

380

267

514

087

994

581

195

698

069

336‐

000

009

440

449

494

546

040

688

000

898

388

873

847

336

‐


Co

Fo

Sale

Cos

Gro

Adm

Dis

Oth

Oth

Ope

Fin

Pro

Tax

Pro

Ear

The

ondensed

or the Qua

es ‐ net

st of sales

oss profit

ministrative

tribution co

her expense

her income

erating prof

ance cost

ofit before t

xation

ofit after tax

ning per sh

e annexed n

Muha

Chief F

d Interim

arter end

e cost

ost

es

fit

taxation

xation

are basic &

notes 1 to 1

mmad Fahe

Financial Of

Stateme

ded Septe

diluted (Ru

7 form an in

eem

fficer

ent of Pro

ember 30

upees)

ntegral part

Re

Chief

ofit or Los

0, 2019

t of these co

ehan Rahma

Executive O

ss Accoun

S

Note

11

12

13

ondensed i

an

Officer

‐‐‐‐

nt

September

2019

7,650,3

(5,591,2

2,059,0

(294,6

(519,3

(423,3

(1,237,3

821,6

72,2

893,9

(58,9

834,9

(91,0

743,9

1

nterim fina

Asim

UQua

‐‐‐‐‐‐‐‐‐ (Rup

30, Sept

327

269) (

058

607)

384)

390)

381)

677

259

936

998)

938

022)

916

1.97

ancial inform

m Shabbir Pa

Director

n‐auditedarter Ended

pees in '000

tember 30,

2018

6,114,678

(4,742,868)

1,371,810

(258,427)

(388,467)

(46,794)

(693,688)

678,122

145,360

823,482

(28,215)

795,267

(48,491)

746,776

1.98

mation.

atka

d

0) ‐‐‐‐‐‐‐‐‐‐‐‐

‐


Co

Fo

Pro

Oth

The

Tot

ondensed

r the Qua

ofit after tax

her compreh

e annexed n

Muham

Chief F

tal compreh

d Interim

arter end

xation

hensive inc

notes 1 to 17

mmad Fahe

Financial Off

hensive inco

Statemen

ded Septe

ome

7 form an in

eem

ficer

ome for the

nt of Com

ember 30

ntegral part

Reh

Chief E

period

mprehens

0, 2019

of these co

han Rahman

Executive O

sive Incom

S

ondensed in

n

Officer

me

September

2019

743,9

743,9

nterim finan

Asim

Qu

‐‐‐‐‐‐‐‐‐ (Ru

U

30, Sept

916

‐

916

ncial inform

m Shabbir Pa

Director

uarter Ended

pees in '000

Un‐audited

tember 30,

2018

746,776

‐

746,776

ation.

atka

d

0) ‐‐‐‐‐‐‐‐‐


Co

Fo

CAS

Pro

Adj

Dep

Am

Fin

Def

Pro

Los

(Inc

Sto

Sto

Tra

Adv

Incr

Tra

Net

Fin

Inco

Net

CAS

Fixe

Pro

Pro

Net

CAS

Div

Sho

Lon

Net

Net

Net

Cas

The

ondensed

r the Qua

SH FLOW FR

ofit before t

justment fo

preciation

mortization

ance cost

ferred liabil

ofit on short

s / (gain) on

crease) / de

res and spa

ck in trade

de debt

vances, dep

rease in cu

de and othe

t cash used

ance cost pa

ome tax pai

t cash used

SH FLOW FR

ed capital e

oceeds from

ofit received

t cash used

SH FLOW FR

idend paid

ort term bor

ng term fina

t cash gene

t (decrease)

t cash and c

sh and cash

e annexed n

Muham

Chief F

d Interim

arter end

ROM OPERA

axation

or:

lity

t term inves

n disposal o

ecrease in cu

ares

posits, prepa

rrent liabili

er payables

in operatio

aid

id

in operatin

ROM INVEST

xpenditure

m disposal of

d on short te

in investing

ROM FINAN

rrowings – n

ance ‐ net

rated from

) / increase

cash equival

equivalent

notes 1 to 17

mmad Fahe

Financial Off

Statemen

ded Septe

ATING ACTIV

stment

of property,

urrent asset

ayments an

ties

ons

g activities

TING ACTIV

e

f operating

erm investm

g activities

CING ACTIV

net

financing ac

in cash and

lent at begi

at end of th

7 form an in

eem

ficer

nt of Cash

ember 30

VITIES

plant and e

t

nd other rec

VITIES

fixed asset

ment

VITIES

ctivities

d cash equiv

nning of the

he period

ntegral part

Ch

h Flows

0, 2019

equipment

ceivables

s

valent

e period

of these co

Rehan Rah

hief Executiv

S

ondensed in

hman

ve Officer

‐‐

September 3

2019

834,9

277,6

1

58,9

27,9

(72,2

2

292,7

1,127,7

(169,4

(2,442,5

657,9

(1,052,9

(3,006,9

613,0

(1,266,1

(71,7

(101,1

(1,439,0

(1,466,7

18,0

64,5

(1,384,0

(

‐

786,3

786,3

(2,036,8

3,267,6

1,230,8

nterim finan

Asim

‐‐‐‐‐‐‐‐‐(Rup

U

30, Septe

2

938

699

136

998

920

259)

270

764

702

448)

564) (2

964

951)

999) (2

098

199)

738)

102)

039)

757)

089

578

090)

(64)

‐

367

303

826)

698

872

ncial inform

Shabbir Pat

Director

pees in '000

n‐audited

ember 30,

2018

795,267

209,116

118

28,215

‐

‐

(2,079)

235,370

1,030,637

(105,386)

2,115,581)

16,090

5,770

2,199,107)

378,396

(790,074)

(31,685)

(68,325)

(890,084)

(509,709)

11,989

‐

(497,720)

(34)

1,468,596

146,517

1,615,079

227,275

203,364

430,639

ation.

tka

0)‐‐‐‐‐‐‐‐‐‐‐


Con

For

Tota

ende

Final2018

Interi2019

Tota

ende

Bala

Tota

ende

The

Bala

Bala

Bala

ndensed Int

r the Quarte

l comprehensi

ed September

l cash dividend f8 @ Rs.2.45 per

im cash dividen9 @ Rs.3 per sh

l comprehensi

ed June 30, 201

nce as at June

l comprehensi

ed September

annexed notes

Muh

Chief

nce as at Septe

nce as at June

nce as at Septe

erim Statem

er ended Se

ve income for

30, 2018 (Un‐au

for the year endr share

d for the year enhare

ve income for

19 (Audited)

30, 2019 (Audit

ve income for

30, 2019 (Un‐au

s 1 to 17 form a

hammad Fahee

f Financial Offic

ember 30, 2019

30, 2018 (Audi

ember 30, 2018

ment of Cha

ptember 30

the period

udited)

ded June 30,

nded June 30,

nine months

ted)

the period

udited)

an integral part

em

cer

9 (Un‐audited)

ted)

8 (Un‐audited)

anges in Equ

0, 2019

3,768,009

‐

3,768,009

‐

‐

‐

3,768,009

‐

3,768,009

of these conde

Share

capital

‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

uity

Merger

reserve

Sh

pre

543,413 21

‐

543,413 21

‐

‐

‐

543,413 21

‐

543,413 21

ensed interim

Rehan

Chief Exec

‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

hare

mium

Reval

surp

propert

and equ

15,250 1,

‐

15,250 1,

‐

‐

‐

15,250 1,

‐

15,250 1,

financial inform

Rahman

cutive Officer

‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

Capital Re

luation

lus on

ty, plant

uipment

Accu

p

499,008 1

‐

,499,008 1

‐

‐ (

‐

,499,008 1

‐

,499,008 1

mation.

‐ (Rupees '000)

Reservesevenue

umulated

profit

0,141,524 1

746,776

0,888,300 1

(923,162)

1,130,403) (

5,243,034

4,077,769 1

743,916

4,821,685 1

Asim S

D

‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

12,399,195 16

746,776

13,145,971 16

(923,162)

1,130,403) (1

5,243,034 5

16,335,440 20

743,916

17,079,356 20

Shabbir Patka

Director

eTotal

‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

6,167,204

746,776

6,913,980

(923,162)

1,130,403)

5,243,034

0,103,449

743,916

0,847,365

Total

equity

‐‐‐‐‐‐‐‐‐‐‐‐‐


NoFo

1

2

2.1

2.2

3

4

5

otes to thr the Qua

THE CO

BASIS O

Statem

‐

‐

SIGNIF

ACCOU

PROPER

Operat

Capital

The pre

standar

judgme

Judgme

financia

year en

Feroze

Octobe

the Co

the pro

Scheme

These c

and rep

Where

require

This co

require

annual

The acc

interim

financia

Interna

Accoun

Provisio

he Condenarter end

OMPANY AN

OF PREPARA

ment of comp

ICANT ACCO

UNTING ESTI

RTY, PLANT

ing fixed as

work‐in‐pr

eparation o

rds, as appli

ents that aff

ents and es

al statemen

nded June 3

1888 Mills L

er 1972 unde

mpany are

oduction an

e # 3, Landh

condensed

porting stan

the provi

ement if IAS

ondensed in

e in the an

financial st

counting po

m financial s

al statemen

ational Acco

nting Standa

ons of and d

nsed Inteded Septe

ND ITS OPER

ATION

pliance

OUNTING P

IMATES AN

TAND EQUIP

ssets

rogress

of condense

icable in Pa

fect the app

stimates ma

nts are sam

30, 2019.

Limited (the

er the repea

quoted on

nd export o

hi Industrial

interim fin

ndards as ap

sions of a

S 34, the pro

nterim finan

nual financ

tatements f

olicies and m

statements

nts for the y

ounting Stan

ards Board (

directives is

erim Finaember 30

RATIONS

OLICIES

D JUDGMEN

PMENT

ed interim

akistan requ

plication of

ade by the

me as those

e company)

aled Compa

Pakistan St

of towels.

Area, Karac

ancial state

pplicable in

nd directiv

ovisions of a

ncial inform

cial stateme

or the year

methods of

are consist

year ended J

ndard (IAS)

IASB) as no

ssued unde

ncial Info0, 2019

NTS

financial st

uires the ma

policies and

manageme

applied in

) was incorp

anies Ordina

tock Exchan

The registe

chi.

ements hav

Pakistan fo

ves issued

and directiv

mation does

ents and sh

ended June

f computati

tent with t

June 30, 201

34 ‐ ‘Interi

tified unde

r the Comp

ormation

Not

5.1

5.2

tatements i

anagement

d the report

ent in the p

the Compa

porated in

ance, 1984 (

nge Limited

ered office

e been pre

r interim fin

under the

ves issued u

s not includ

hould be r

e 30, 2019.

ion adopted

hose applie

19.

im Financia

r the Comp

anies Act, 2

(U

te

1

2

Sep

‐‐‐‐‐

in conform

to make es

ted amount

preparation

any's annua

Pakistan as

(now Compa

d. The Comp

of the com

pared in ac

nancial repo

e Companie

under the Co

de all the in

ead in conj

d in the pre

ed in the p

al Reporting

anies Act, 2

2017.

Un‐audited)

12,749,622

1,855,460

14,605,082

ptember 30

2019

‐‐‐‐‐‐‐ Rupe

ity with ap

stimates, as

t of assets a

n of these c

al financial

s a Public Li

anies Act, 2

pany is prin

mpany is sit

ccordance w

orting which

es Act, 201

ompanies A

nformation

junction w

eparation o

preparation

g’, issued b

2017; and

(Aud

2 11,3

0 2,0

2 13,4

0, June 30

ees in '000 ‐‐

pproved acc

ssumptions

nd liabilitie

condensed

statements

imited Com

2017). The s

ncipally eng

tuated at H

with the acc

h comprise

17 differ w

Act, 2017 hav

and disclo

ith the Com

of these con

of annual

y the Intern

ited)

388,151

070,731

458,882

0, 2019

‐‐‐‐‐‐‐‐‐‐‐

counting

and use

es and

interim

s for the

mpany in

hares of

gaged in

H‐23/4‐A

counting

of:

with the

ve been

sures as

mpany's

ndensed

audited

national


5.1

5.1.

5.1.

5.2

Operat

Balance

Additio

Disposa

Deprec

Balance

.1 Details

Land ‐ L

Buildin

Leaseh

Plant a

Electric

Office e

Compu

Furnitu

Vehicle

.2

Capital

Balance

Additio

Transfe

‐ Opera

‐ Expen

Fixed a

Balance

Deprec

2018: R

ing fixed as

e at the beg

on during th

als during th

ciation charg

e at the end

of addition

Leasehold

g on leaseh

old improve

nd machine

c fittings / e

equipments

ters

ure and fixtu

es

work‐in‐pr

e at the beg

on during th

erred to

ating fixed a

nses / adjus

assets in tran

e at the end

ciation on o

s. 209.12 mi

ssets

ginning of th

he period / y

he period /

ged during t

d of the peri

n and dispos

hold land

ement

ery

quipments

s

ures

rogress

ginning of th

he period / y

assets

tment

nsit and sta

d of the peri

operating fix

illion).

he period /

year

year (NBV)

the period /

iod / year

sal are as fo

(U

he period /

year

nd‐by equi

iod / year

xed assets

Se

year

/ year

ollows:

Un‐audited)

‐

808,77

‐

847,34

24

1,13

3,72

49

2,15

1,663,87

year

pment

‐‐‐‐‐‐‐‐‐‐‐‐‐‐

for the per

Additio

eptember 30

2019

) (Audit

4 1,07

41 2,16

48 15

7 1

6 1

9

1 24

6 3,46

June 30

‐‐‐‐‐‐‐‐‐‐‐‐‐‐

riod amoun

ons (Cost)

0,

(U

ted) (U

949

9,894

9,011

6,202

1,230

7,711

5,275

5,582

4,021

9,875

(U

0, 2019

‐ Rupees in

Sep

‐‐‐‐‐

ted to Rs. 2

Sep

‐‐‐‐‐

Sep

Un‐audited)

11,388,151

1,663,876

13,052,027

(24,706

(277,699

(302,405

12,749,622

Un‐audited)

‐

‐

‐

(15,032

‐

(723

(881

(588

(7,482

(24,706

Un‐audited)

1,776,058

1,330,341

3,106,399

(1,650,702

‐

(1,650,702

1,455,697

399,763

1,855,460

n '000 ‐‐‐‐‐‐‐‐

ptember 30

2019

‐‐‐‐‐‐‐ Rupe

277.70 milli

ptember 30

2019

‐‐‐‐‐‐‐ Rupe

Dispo

ptember 30

2019

(Aud

1 8,9

6 3,4

7 12,4

6)

9) (9

5) (1,0

2 11,3

(Aud

2)

3)

1)

8)

2)

6)

(Aud

8 1,7

1 3,3

9 5,0

2) (3,2

2) (3,3

7 1,7

3 2

0 2,0

June 30

June 30

‐‐‐‐‐‐‐‐‐‐‐‐‐‐

0,

ees in '000 ‐‐

on (Septem

0, June 30

ees in '000 ‐‐

osal (NBV)

0,

ited)

939,671

469,875

409,546

(88,300)

933,095)

021,395)

388,151

ited)

‐

‐

‐

(61,205)

‐

(109)

(1)

(53)

(26,932)

(88,300)

ited)

727,930

354,417

082,347

224,237)

(82,052)

306,289)

776,058

294,673

070,731

0, 2019

0, 2019

‐‐‐‐‐‐

‐‐‐‐‐‐‐‐‐‐‐

mber 30,

0, 2019

‐‐‐‐‐‐‐‐‐‐‐


6

7

7.1

7.2

8

8.1

9

STOCK‐

ADVAN

OTHER

Advanc

‐ suppl

‐ empl

Deposi

Prepay

Other r

Sales ta

Export

Due fro

Others

This inc

This inc

LONG T

Term lo

Current

TRADE

Credito

Accrued

Worker

Worker

Advanc

Payable

Others

This re

amoun

30, 2019

These r

of mac

0.5%) p

Compa

quarter

911 mil

‐IN‐TRADE

NCES, DEPOS

RECEIVABLE

ces

liers

oyees

ts

yments

receivables

ax refundab

rebate / du

om Governm

cludes amou

cludes amou

TERM FINAN

oans

t portion

AND OTHER

ors

d liabilities

rs' profits pa

rs' welfare f

ce from cust

e to provide

presents ra

ting to Rs. 4

9: Rs. 2,931.

represents l

chinery. The

per annum.

ny. The prin

rly installm

lion (June 3

SITS, PREPA

ES

ble

ty drawbac

ment

unt of Rs. 28

unt of Rs. 28

NCING

R PAYABLES

articipation

fund

tomers

ent fund

aw materia

4,532.30 mi

.45 million,R

long term fi

ese carry m

These faci

ncipal portio

ents after g

30, 2019: Rs.

AYMENTS AN

k

8.63 million

81.05 millio

S

n fund

al in hand,

llion,Rs. 42

Rs. 51.10 mi

inance facil

mark‐up at t

lities are s

on of the lo

grace period

. 1,571 milli

ND

n (June 30, 2

on (June 30,

raw mater

7.66 million

illion, Rs. 2,

ities (LTFF)

he rates ra

ecured aga

oan is repaya

d of one ye

on).

Not

7.1

7.2

2019: Rs. 28.

2019 Rs. 15

Not

8.1

Not

9.1

9.2

ial in trans

n, Rs. 2,524.

330.14 milli

obtained f

nging from

inst specifi

able in five

ar. The unu

(U

te

1

2

63 million)

6.10 million

(U

te

1

(U

te

1

2

Sep

sit, work in

.17 million

ion and Rs.

Sep

‐‐‐‐‐

rom various

m SBP LTFF r

c charge on

and six yea

utilized port

Sep

‐‐‐‐‐

‐‐‐‐‐

Un‐audited)

305,068

293

305,361

31,507

309,250

767,878

546,748

607,172

53,098

1,974,896

2,621,014

paid to a re

n) outstandi

Un‐audited)

3,053,301

(384,408

2,668,893

Un‐audited)

2,136,581

3,222,249

37,500

28,781

24,662

23,199

50,814

5,523,786

ptember 30

2019

n process a

and Rs. 1,36

1,098.39 mi

ptember 30

2019‐‐‐‐‐‐‐ Rupe

s commerci

rate plus 0.

n plant and

ars through

tion of long

ptember 30

2019

‐‐‐‐‐‐‐ Rupe

‐‐‐‐‐‐‐ Rupe

(Aud

8 1

3

1 1

7

0 1

8 1

8 5

2 5

8

6 1,

4 1,

elated party

ing with a re

(Aud

1 2,2

8) (2

3 1,9

(Aud

1 1,

9 2,

0 3

1

2

9

4

6 4,

0, June 30

nd finished

69.52 millio

llion).

0, June 30

ees in '000 ‐‐

al banks fo

.5% (June 3

d machinery

semi‐annu

term finan

0, June 30

ees in '000 ‐‐

ees in '000 ‐‐

ited)

145,802

465

146,267

46,268

161,378

181,568

501,959

507,931

59,210

250,668

604,581

y .

elated pa

ited)

266,934

275,388)

991,546

ited)

545,488

966,013

300,626

22,706

10,625

19,297

45,933

910,688

0, 2019

d goods

on (June

0, 2019

‐‐‐‐‐‐‐‐‐‐‐

r import

30, 2019:

y of the

ually and

ce is Rs.

0, 2019

‐‐‐‐‐‐‐‐‐‐‐

‐‐‐‐‐‐‐‐‐‐‐


9.1

9.2

10

10.1

10.2

10.2

11

11.1

11.1

This inc

This inc

CONTIN

1 Conting

No con

2 Commi

Outstan

Outstan

Capital

2.1

COST O

Openin

Add: Co

Less: Cl

1 Cost of

Raw ma

Stores a

Salaries

Fuel, po

Insuran

Repair

Vehicle

Commu

Rent

Deprec

Amorti

Enterta

Other m

Openin

Closing

1.1 Raw ma

Opening

Purchas

Less: c

Post d

Author

cludes amou

cludes amou

NGENCIES A

gencies

tingencies e

itments

nding letter

nding letter

expenditur

OF SALES

ng stock of f

ost of goods

losing stock

goods man

aterial cons

and spares

s, wages an

ower and w

nce expense

and mainte

e running ex

unication an

ciation

zation

ainment

manufacturi

ng work‐in‐p

g work‐in‐pr

aterial cons

g stock

ses during th

losing stock

ated chequ

rities in resp

unt of Rs.41

unt of Rs.29

AND COMM

exist as at t

r of credit

r of guarant

re

finished goo

s manufactu

k of finished

nufactured

sumed

consumed

d other ben

water

e

enance

xpenses

nd transport

ing expense

process

rocess

sumed

he period

k

ues of Rs.2

pect of dutie

17.15 million

9.97 million

ITMENTS

he reportin

tee

ods

ured

d goods

nefits

tation

es

2,682 millio

es on impor

n (June 30, 2

(June 30, 20

g date.

on (June 3

rted items.

2019: nil) du

019: nil) due

Not

11.

11.1

11.1

30, 2019: R

ue to a relat

e to a relate

(U

te

1

1.1

1.2

Sep

Sep

‐‐‐

‐‐‐‐‐

Rs.2,367 mi

ted party.

ed party.

Un‐audited)

831,489

1,044,084

2,040,046

1,098,394

5,862,398

6,960,792

(1,369,523

5,591,269

3,424,516

779,164

923,862

582,969

8,026

14,834

3,870

20,926

29,066

257,543

136

810

10,701

6,056,423

2,330,145

(2,524,170

5,862,398

2,931,448

5,025,368

7,956,816

(4,532,300

3,424,516

(Un‐

ptember 30

2019

ptember 30

2019

‐‐‐‐‐‐‐ Rupe

‐‐‐‐‐‐‐ Rupe

llion) are

(Aud

9 1,

4 9

6 1,

4 8

8 4,

2 5,

3) (9

9 4,

6 2,9

4 6

2 7

9 4

6

4

0

6

6

3 1

6

0

1

3 5,

5 1,

0) (1,7

8 4,

8 1,

8 4,

6 6,

0) (3,3

6 2,

‐audited)

0,

0, Septem

20

ees in '000 ‐‐

June 30

ees in '000 ‐‐

issued to

ited)

193,693

975,308

235,205

846,471

799,760

646,231

903,363)

742,868

924,851

619,884

794,985

448,323

6,307

12,050

3,756

14,070

27,682

188,127

118

567

9,663

050,382

470,271

720,894)

799,759

575,528

732,916

308,444

383,593)

924,851

mber 30,

18

‐‐‐‐‐‐‐‐‐

0, 2019

‐‐‐‐‐‐‐‐‐‐‐

Custom


11.1

12

12.1

13

13.1

14

15

1.2

OTHER

Loss / (

Worker

Worker

Donatio

Audito

Exchan

1

Exchan

Profit o

Profit o

1

FINANC

TRANSA

Nature

Transac

Sale of

Purchas

Market

Disposa

Rent ex

Donatio

Donatio

two dir

Related

key ma

the qua

follows

OTHER

This inc

provide

The Co

the fina

This re

30, 2018

EXPENSES

gain) on dis

rs' profit pa

rs' welfare f

ons

rs' remuner

ge differen

ge differen

on short term

on long term

CIAL RISK M

ACTIONS W

of transact

ction with a

goods

ses

ting Fee

al of fixed a

xpense

on

ons include

rectors have

d parties of

anagement p

arter, other

s:

INCOME

cludes an a

ent fund an

mpany's fin

ancial state

presents pr

8: Nil).

sposal of op

rticipation f

fund

ration

ces on reali

ces on reali

m investme

m investmen

MANAGEMEN

WITH RELATE

ion

associates

asset

the donati

e interest.

f the Comp

personnel a

than those

mount of R

d Rs. 27.92 m

nancial risk m

ments as at

rofit on sho

perating fixe

fund

ization of ex

ization of ex

ent

nts

NT

ED PARTIES

on of Rs. Ni

pany compr

and staff pro

which have

Rs. 20.14 mi

million in re

managemen

t and for the

ort term inve

ed asset ‐ ne

xport receiv

xport receiv

l (Septemb

ise associat

ovident fun

e been discl

llion (Septe

espect of st

nt objective

e year ende

estments ra

Not

et

12.

vables

Not

vables

13.

Not

15.2

er 30, 2018

tes, directo

nd. Details o

losed elsew

ember 30, 2

aff gratuity

e and policie

d June 30, 2

anging from

te

1

te

1

te

2

‐‐‐‐‐

Rs. 1.2milli

‐‐‐‐‐

Sep

‐‐‐‐‐

ors, major s

of transactio

where in the

Sep

2018: Rs. 17.

expense (S

es are consi

2019.

Sep

m 9.54% to 1

270

37,500

6,075

500

1,058

377,987

423,390

‐

66,961

5,298

72,259

296,199

949

301,840

6,383

29,966

‐

‐‐‐‐‐‐‐ Rupe

ion) to Indu

‐‐‐‐‐‐‐ Rupe

ptember 30

2019

‐‐‐‐‐‐‐ Rupe

hareholder

ons with rel

ese financia

ptember 30

2019

.24 million)

September 3

istent with

ptember 30

2019

14.59% per a

(Un‐

(Un‐

(Un‐

0

0

5

0

8

7

0

1

1

8

9 1

9 3

9

0 2

3

6

ees in '000 ‐‐

us Hospital i

ees in '000 ‐‐

0, Septem

20

ees in '000 ‐‐

rs of the Co

ated partie

al statement

0, Septem

20

in respect

30, 2018: Rs

that as disc

0,

annum (Sep

Septem

20

‐audited)

‐audited)

‐audited)

(2,079)

42,136

4,892

1,282

563

‐

46,794

145,360

‐

‐

145,360

387,403

976

216,833

‐

28,539

1,207

‐‐‐‐‐‐‐‐‐‐‐

n which

‐‐‐‐‐‐‐‐‐‐‐

mber 30,

18

‐‐‐‐‐‐‐‐‐‐‐

ompany,

s during

ts are as

mber 30,

18

of staff

.Nil).

closed in

ptember

mber 30,

18


15.1

15.2

Transac

Meetin

Transac

Remun

Post‐em

Transac

Contrib

Net pay

1

1888 M

The Ind

Citizen

Friends

UTI Ind

Feroze

Mr. Reh

Mr. Jon

Mr. Kha

Mr. Sha

Mr. Per

Mr. Nas

Ms. Hu

Mr. Asi

Mr. Usa

Mr. Mu

Mr. Mu

2 These f

Follow

arrange

ction with d

ng fee

ction with k

eration pai

mployment

ction with o

bution to sta

yable to sta

Particula

ills LLC, USA

dus Hospital

Police Liais

ship (Private

ustries (Priv

1888 Mills L

han Rehman

nathan R. Sim

aleequr Reh

abbir Ahme

rwez Ahmed

sim Hayder

ma Pasha

m Shabbir P

ama Rehma

hammad Fa

hammad Us

fixed assets

ing are the

ement / agr

directors

key manage

d

t benefits

other related

aff providen

ff providen

ar

A

l

son Commit

e) Limited

vate) Limite

Limited ‐ Pro

n

mon

hman

d

d

Patka

n

aheem

sama Siddiq

s sold to a re

e related p

eement in p

ement perso

d party

nt fund

nt fund

ttee (CPLC)

ed

ovident Fun

qui

elated party

arties with

place

onnel

C

C

C

C

C

nd Re

Chief E

Key

Key

y carried at

whom the

Common Di

Common Di

Common Di

Common Di

Common Di

etirement b

Executive O

Direc

Direc

Direc

Direc

Direc

Direc

Direc

Direc

Manageme

Manageme

NBV of Rs. 4

e Company

Relatio

(U

rectorship

rectorship

rectorship

rectorship

rectorship

benefit fund

Officer / Dire

ctor

ctor

ctor

ctor

ctor

ctor

ctor

ctor

ent Personn

ent Personn

4.79 million

‐‐‐‐‐

Sep

Sep

‐‐‐‐‐

had enter

onship

4,200

14,046

816

32,154

Un‐audited)

23,199

d

ector

nel

nel

.

‐‐‐‐‐‐‐ Rupe

ptember 30

2019

ptember 30

2019

‐‐‐‐‐‐‐ Rupe

red into tra

(Un‐

0

6

6

4

(Aud

9

5.08

‐

‐

‐

‐

‐

2.24

‐

3.13

19.88

5.46

0.00

0.00

2.01

2.04

‐

‐

ees in '000 ‐‐

0, June 30

0, Septem

20

ees in '000 ‐‐

ansactions

Aggrega

shareh

‐audited)

910

15,754

859

27,089

ited)

19,927

877%

‐

‐

‐

‐

‐

443%

‐

363%

894%

624%

001%

001%

114%

460%

‐

‐

‐‐‐‐‐‐‐‐‐‐‐

0, 2019

mber 30,

18

‐‐‐‐‐‐‐‐‐‐‐

or have

ate % of

holding


16

17

17.1

17.2

Date of

Genera

1 Corresp

2 All figu

Muha

Chief

This co

held on

f authorizat

al

ponding figu

res have be

ammad Fah

Financial Of

ndensed in

n October 23

ion

ures have b

een rounde

eem

fficer

terim finan

3, 2019.

been reclass

d‐off to the

C

cial informa

sified / rear

e nearest th

Rehan R

Chief Execu

ation was au

ranged whe

ousand rup

Rahman

utive Officer

uthorized fo

erever nece

ees, unless

r

or issue in t

essary for be

s otherwise

Asim Sh

Di

the Board of

etter presen

stated.

habbir Patka

irector

f Directors m

ntation.

a

meeting


condensed interim financial information updated...ar on year d expenses tly decreas year. redu ey...

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