STATEMENT OF FINANCIAL POSITION STATEMENT OF PROFIT OR LOSS

As at June 30, 2018 For the year ended June 30, 2018

Note 2018 2017 Note 2018 2017

(Rupees in ’000) (Rupees in ’000)
ASSETS

Non-current assets
Property, plant and equipment 5 7,327,476 6,944,509 Net sales 28 1,056,900,563 878,146,786
Intangibles 6 19,732 29,409
Long - term investments 7 4,783,585 4,388,257 Cost of products sold 29 (1,017,264,455) (841,011,250)
Long - term loans, advances and other receivables 8 398,525 411,777
Long - term deposits and prepayments 9 220,399 196,816 Gross profit 39,636,108 37,135,536
Deferred tax assets - net 10 11,709,058 11,912,602
24,458,775 23,883,370 Other income 30 7,497,201 11,142,248
Current assets
Stores, spares and loose tools 11 239,981 203,542 Operating costs
Stock-in-trade 12 81,615,455 66,333,048 Distribution and marketing expenses 31 (9,159,330) (8,758,929)
Trade debts 13 245,577,071 212,619,281 Administrative expenses 32 (2,769,667) (2,478,797)
Loans and advances 14 1,919,400 1,873,942 Other expenses 33 (3,334,100) (2,378,315)
Short - term deposits and prepayments 15 3,329,991 5,788,052 (15,263,097) (13,616,041)
Current maturity of long - term investments - 43,954,641
Mark-up / interest receivable on investments - 2,258,196 Profit from operations 31,870,212 34,661,743
Other receivables 16 33,017,635 22,925,566
Taxation - net 7,767,381 8,472,290 Finance costs 34 (5,123,344) (5,923,256)
Cash and bank balances 17 4,636,643 4,131,036
378,103,557 368,559,594 Share of profit of associates - net of tax 7.2.1 413,612 608,380
Net assets in Bangladesh 18 - -
Profit before taxation 27,160,480 29,346,867
TOTAL ASSETS 402,562,332 392,442,964
Taxation 35 (11,699,223) (11,121,242)
EQUITY AND LIABILITIES
Profit for the year 15,461,257 18,225,625
Equity
Share capital 19 3,260,232 2,716,860 (Rupees)
Reserves 20 107,192,243 100,132,742
110,452,475 102,849,602 (Restated)
Non-current liabilities Earnings per share - basic and diluted 36 47.42 55.90
Retirement and other service benefits 21 5,165,024 8,089,633

Current liabilities
Trade and other payables 22 192,145,744 146,269,601 The annexed notes 1 to 49 form an integral part of these financial statements.
Unclaimed dividend 23 3,443,218 2,784,318
Unpaid dividend 24 221,587 193,542
Provisions 25 490,972 490,972
Accrued interest / mark-up 26.3 796,795 1,266,793
Short - term borrowings 26 89,846,517 130,498,503
286,944,833 281,503,729
Contingencies and commitments 27

TOTAL EQUITY AND LIABILITIES 402,562,332 392,442,964

The annexed notes 1 to 49 form an integral part of these financial statements.

Sheikh Imranul Haque Zahid Mir Yacoob Suttar Sheikh Imranul Haque Zahid Mir Yacoob Suttar
Managing Director & CEO Member-Board of Management Chief Financial Officer Managing Director & CEO Member-Board of Management Chief Financial Officer

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