BALANCE SHEET OF CRESCENT TEXTILE MILLS LTD

Currency in
Millions of Pakistan Rupees

As of:

Jun 30
2008

Jun 30
2009

Jun 30
2010

Jun 30
2011

Restated
PKR

Reclassified
PKR

Reclassified
PKR

PKR

Assets
Cash and Equivalents

8.6

18.9

16.4

18.5

231.0

65.3

49.7

37.4

239.6

84.2

66.1

56.0

2,106.3

2,562.3

2,579.9

3,391.9

3.9

2.2

2.5

1.5

512.0

84.0

109.4

184.7

2,622.2

2,648.5

2,691.9

3,578.1

1,455.9

1,114.5

1,216.9

1,818.2

1.0

0.7

1.0

2.8

68.3

237.7

227.0

371.9

4,387.0

4,085.7

4,202.9

5,826.9

6,350.7

6,511.4

6,559.1

6,771.5

-2,124.6

-2,329.0

-2,577.9

-2,736.6

4,226.2

4,182.4

3,981.2

4,035.0

890.1

713.2

873.1

2,707.0

1,632.4

1,812.1

1,928.7

2.7

Deferred Tax Assets, Long Term

6.5

20.3

--

42.4

Other Long-Term Assets

3.6

2.2

2.8

2.5

11,145.7

10,815.9

10,988.7

12,616.4

Accounts Payable

165.1

123.4

287.0

987.0

Accrued Expenses

244.6

333.6

302.8

393.1

4,585.5

4,883.2

4,840.0

5,935.7

Short-Term Investments
TOTAL CASH AND SHORT TERM INVESTMENTS
Accounts Receivable
Notes Receivable
Other Receivables
TOTAL RECEIVABLES
Inventory
Prepaid Expenses
Other Current Assets
TOTAL CURRENT ASSETS
Gross Property Plant and Equipment
Accumulated Depreciation
NET PROPERTY PLANT AND EQUIPMENT
Long-Term Investments
Loans Receivable, Long Term

TOTAL ASSETS

LIABILITIES & EQUITY

Short-Term Borrowings

4-Year
Trend

Current Portion of Long-Term Debt/Capital Lease

398.9

356.8

451.7

350.4

--

--

--

9.1

Current Income Taxes Payable

316.1

73.4

90.9

151.1

Other Current Liabilities, Total

95.5

35.3

38.3

79.2

5,805.7

5,805.7

6,010.7

7,896.4

1,287.4

1,108.0

656.4

512.1

Capital Leases

--

--

--

54.6

Deferred Tax Liability Non-Current

--

--

8.8

--

Other Non-Current Liabilities

1,640.4

1,640.4

1,640.4

1,640.4

TOTAL LIABILITIES

8,733.5

8,554.1

8,316.3

10,103.5

492.1

492.1

492.1

492.1

1,569.6

1,748.6

2,104.6

1,916.9

350.5

21.1

75.8

103.9

TOTAL COMMON EQUITY

2,412.2

2,261.8

2,672.4

2,512.9

TOTAL EQUITY

2,412.2

2,261.8

2,672.4

2,512.9

11,145.7

10,815.9

10,988.7

12,616.4

Current Portion of Capital Lease Obligations

TOTAL CURRENT LIABILITIES

Long-Term Debt

Common Stock
Retained Earnings
Comprehensive Income and Other

TOTAL LIABILITIES AND EQUITY

INCOME STATEMENT CRESCENT TEXTILE MILLS LTD

Currency in
Millions of Pakistan Rupees

As of: Jun 30
2008

Jun 30
2009

Jun 30
2010

Jun 30
2011

Restated
PKR

Reclassified
PKR

Reclassified
PKR

PKR

Revenues

8,844.6

10,750.5

10,863.4

14,759.3

8,844.6

10,750.5

10,863.4

14,759.3

Cost of Goods Sold

7,881.4

9,182.9

9,429.8

13,423.2

GROSS PROFIT

963.2

1,567.6

1,433.5

1,336.0

Selling General & Admin Expenses, Total

497.2

559.0

653.6

825.3

Other Operating Expenses

-18.1

6.6

-25.3

-6.8

OTHER OPERATING EXPENSES, TOTAL

479.1

565.7

628.3

818.5

OPERATING INCOME

484.1

1,001.9

805.3

517.5

-494.9

-714.3

-560.1

-520.3

185.7

202.9

143.9

150.0

-309.2

-511.4

-416.2

-370.3

54.9

165.3

120.0

-150.7

-270.6

-227.3

-58.1

-15.3

Other Non-Operating Income (Expenses)

-9.2

-14.2

51.4

8.5

EBT, EXCLUDING UNUSUAL ITEMS

-50.0

414.3

502.4

-10.3

Gain (Loss) on Sale of Investments

3.8

-178.6

-42.9

-15.0

Gain (Loss) on Sale of Assets

3.4

2.8

4.0

8.2

--

--

--

-2.1

-42.8

238.5

463.5

-19.2

18.9

59.5

118.8

99.5

-61.7

179.0

344.7

-118.6

-61.7

179.0

344.7

-118.6

-61.7

179.0

344.7

-118.6

TOTAL REVENUES

Interest Expense
Interest and Investment Income
NET INTEREST EXPENSE
Income (Loss) on Equity Investments
Currency Exchange Gains (Loss)

Other Unusual Items, Total

EBT, INCLUDING UNUSUAL ITEMS
Income Tax Expense
Earnings from Continuing Operations
NET INCOME
NET INCOME TO COMMON INCLUDING EXTRA
ITEMS

4-Year
Trend