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Annual-Accounts-2021 (2) - Pages-Deleted
Annual-Accounts-2021 (2) - Pages-Deleted
STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2021
STATEMENT OF FINANCIAL POSITION
AS AT JUNE 30, 2021
ASSETS
NON CURRENT ASSETS
Property, plant and equipment 5 42,945,194 41,557,935
Investment property 6 88,450 85,531
Long term deposits 7 64,714 64,922
43,098,358 41,708,388
CURRENT ASSETS
Stores, spares and loose tools 8 3,080,234 2,615,489
Stock-in-trade 9 658,882 418,089
Trade debts - unsecured 10 1,333,978 974,170
Loans and advances 11 720,854 855,637
Trade deposits and short term prepayments 12 7,048 2,306
Advance income tax - net 13 1,265,134 991,991
Sale tax receivable - net - 360,269
Other receivables 14 236 228
Short term investments 15 978,738 741,736
Cash and bank balances 16 337,437 366,214
8,382,541 7,326,129
TOTAL ASSETS 51,480,899 49,034,517
LIABILITIES
NON CURRENT LIABILITIES
Long term financing - secured 21 16,794,355 18,901,627
Long term deposits 22 44,334 25,887
Deferred grant 23 5,868 6,624
Deferred liabilities 24 1,751,696 1,837,831
Retention money 802,746 794,691
19,398,999 21,566,660
CURRENT LIABILITIES
Trade and other payables 25 5,422,385 5,080,097
Loan from related party 26 350,000 500,000
Contract liabilities 27 119,792 110,053
Sales tax payable - net 457,180 -
Accrued interest / profit on financing 28 575,086 971,523
Short term borrowings - secured 29 5,257,251 5,892,041
Current portion of long term financing - secured 21 4,739,973 1,720,406
Unclaimed dividend 30 60,943 65,511
16,982,610 14,339,631
TOTAL LIABILITIES 36,381,609 35,906,291
CONTINGENCIES AND COMMITMENTS 31 - -
TOTAL EQUITY AND LIABILITIES 51,480,899 49,034,517
The annexed notes from 1 to 52 form an integral part of these financial statements.
Revenue from contracts with customers (net of trial run) 32 21,817,605 6,286,951
Cost of sales (net of trial run) 33 (17,699,660) (6,390,045)
Gross profit / (loss) 4,117,945 (103,094)
The annexed notes from 1 to 52 form an integral part of these financial statements.
The annexed notes from 1 to 52 form an integral part of these financial statements.
The annexed notes from 1 to 52 form an integral part of these financial statements.