NATIONAL FOODS PAKISTAN

PROFIT OR LOSS STATEMENT Note

Sales - net 28
Cost of sales 29
Gross profit

Selling and distribution costs 30

Impairment loss on trade debts 11.1
Administrative expenses 31
Other expenses 32
Other income 33

Finance costs 34
Profit before tax
Taxation - net 35
Profit for the year
 2023 2022 2021

64,322,287 45,525,608 34,588,433

-46,128,408 -32,546,204 -24,836,018
18,193,879 12,979,404 9,752,412

-9,913,356 -7,430,644 -5,319,701

-10,024 -47,366 -32,551
-2,721,150 -1,764,506 -1,443,960
-297,779 -304,133 -143,055
912,120 646,056 132,608
6,163,690 4,078,811 2,945,756
-1,158,889 -463,810 -314,758
5,004,801 5,004,801 2,630,988
-1,173,499 -897,925 -656,314
3,831,302 2,717,076 1,974,674
NATIONAL FOODS PAKISTAN
BALANCE SHEET
NOTE
ASSETS
Non - current assets
Property, plant and equipment 6
Intangibles and goodwill 7
Long-term investment 8
Long-term deposits
Deferred assets 9

Current assets
Stores and spare parts
Stock-in-trade 10
Trade debts 11
Advances 12
Deposits and prepayments 13
Other receivables 14
Short-term investments at FVTPL 15
Cash and bank balances 16

TOTAL ASSETS
EQUITY AND LIABILITIES
Share capital and reserves
Authorised share capital
1,000,000,000 (30 June 2022: 1,000,000,000) ordinary shares of Rs. 5 each

Share Capital
Issued, subscribed and paid-up capital 17
Revenue Reserves
Unappropriated profit
Foreign exchange translation reserve

Equity attributable to owners of the Company 18

Non-controlling interest
Total equity

Non - current liabilities 19

Long-term finance and deferred Income 20
Lease liabilities
Long-term deposits 22
Deferred taxation - net 21
Long term provisions 23
Deferred liabilities
Current liabilities 24
Trade and other payables 25
Contract liabilities 26
Short-term borrowings 19
Long-term finance and deferred income classified as current 20
Current portion of lease liabilities
Mark-up accrued on bank borrowings
Unclaimed dividend
Taxation - net
Contingencies and commitments
TOTAL EQUITY AND LIABILITIES 27
 2023 2022 2021

14,267,716 9,894,748 6,601,377

1,515,889 972,164 796903
- 14,216 30000
40,259 40,563 48741
44,158 53,656 46816
15,868,023 10,975,347 7523837

260,967 168,050 150339

14,805,197 9459719 6463684
3,228,417 2723850 971398
1,236,168 806235 278046
1,010,881 499110 344097
136,866 273 30316
937,047 1324793 90076
1,713,226 1137334 1001199
23,328,768 16119364 3042473
39,196,791 27094712 12371628

5,000,000 5000000 5000000

1,165,576 1165576 932461

9,000,730 6961970 5703120

1,270,516 577421 2756
11,436,822 8704968 6638337
1,780,155 767772 635103
13,216,977 9472740 7273440

3,961,219 511586 883076

2,381,605 1680976 958104
- 5444 4350
412,344 199509 208106
4,626 22461 39441
13,547 6341 10667
6,773,341 2426317 2103744
10,849,772 7781880 5390663
355,136 109100 195391
5,407,269 4883090 2861444
372,404 613650 744559
644,680 433964 218022
459,706 80882 10453
20,639 23161 21206
1,096,867 1269928 1076543
19,206,473 15195655 10518281

39,196,791 27094712 19895465

 Note
ASSETS
Non Current Assets
Property, plant and equipment 4
Intangible assets 5
Biological assets 6
Long term deposits 7
Current Assets

Stores and spares 8

Stock in trade 9
Trade debts 10
Advances, deposits, prepayments and other receivable 11
Income tax recoverable - net 12
Cash and bank balances 13

Total Assets
EQUITY AND LIABILITIES
Share Capital
40,000,000 and Reserves
(2022: 40,000,000) ordinary
shares of Rs. 10 each
Issued, subscribed and paid up capital 14
Reserves 15
Non Current Liabilities
Long term finances - secured 16
Deferred grant 17
Deferred liabilities 18
Deferred taxation 19
Current Liabilities
Current portion of non-current liabilities 20
Trade and other payables 21
Finances under markup arrangements 22
Loan from related parties - unsecured 23
Accrued finance cost
Unclaimed dividend
Total Equity and Liabilities 24
Contingencies and commitments
 June 30, June 30, June 30,
2023 2022 2021
Rupees Rupees

622,300,506 668,093,802 636,098,672

30,350,731 26,585,558 12,262,568
2,444,402 1,550,000 37,790,000
1,224,780 1,541,543 8,511,693
656,320,419 697,770,903 694,662,933

57,571,705 45,561,599 35,291,224

520,738,674 430,965,294 407,053,602
191,854,393 202,059,716 329,306,341
64,123,643 127,526,438 98,654,403
108,613,307 118,506,475 131,061,071
21,312,106 21,624,400 12,626,979
964,213,828 946,243,922 1,013,993,620
1,620,534,247 1,644,014,825 1,708,656,553

400,000,000 400,000,000 400,000,000

228,750,000 228,750,000 228,750,000
-85,003,937 -25,813,586 607,668,057
143,746,063 202,936,414 836,418,057
- -
- -
141,008,335 135,741,601 112,510,688
- - 12,732,774
141,008,335 135,741,601 30,675,616
- 15,074,796 -24
668,555,256 709,440,790 425,850,584
302,002,267 341,059,804 134,393,274
316,000,000 225,000,000 150,000,000
47,309,572 12,848,666 2,255,383
1,912,754 1,912,754 2,004,183
1,335,779,849 1,305,336,810 745,854,656
1,620,534,247 1,644,014,825 1,708,656,553
PROFIT AND LOSS SHEET
MITCHELLES FRUIT

Revenue
Cost of sales
Gross profit
Administrative expenses
Selling and distribution expenses

Operating profit loss

Other operating expenses
Finance cost
Other income
Loss before Taxation
Taxation
Net Loss for the Year
 2023 2022
Note Rupees Rupees
25 2,724,930,890 2,489,291,011
26 -2,076,814,684 -2,295,470,632
648,116,206 193,820,379
27 -187,798,148 -227,877,998
28 -444,878,650 -546,250,088
-632,676,798 -774,128,086
15,439,408 -580,307,707
29 -63,953,923 -16,884,506
30 -85,083,157 -36,980,631
31 107,685,416 47,995,036
-25,912,256 -586,177,808
32 -33,285,040 -35,799,231
-59,197,296 -621,977,039
 2021

2,210,619,831
-1,721,279,887
489,339,944
-137,043,348
-1,376,164
-309,838,112
-8,767,309
32,315,011
-25,630,724
35,111,176
41,795,463
31,329,283
-10,466,180