Group (National Foods & Mitchell's Fruit)

Name Roll No.

Huzaifa 1872-BS-Baf-22
Zain 1866-BS-Baf-22
Mayez 3507-BS-Baf-22
 NATIONAL FOODS PAKISTAN
Statement of Profit & Loss
2023 2022 2021
Revenue
Sales Revenue 64,322,287 45,525,608 34,588,433
Cost of goods sold -46,128,408 -32,546,204 -24,836,018
Gross profit 18,193,879 12,979,404 9,752,412
Expenses
Selling and distribution costs -9,913,356 -7,430,644 -5,319,701
Impairment loss on trade debts -10,024 -47,366 -32,551
Administrative expenses -2,721,150 -1,764,506 -1,443,960
Other expenses -297,779 -304,133 -143,055

Other Income 912,120 646,056 132,608

6,163,690 4,078,811 2,945,756
Finance costs -1,158,889 -463,810 -314,758
Profit before Taxation 5,004,801 5,004,801 2,630,988

Taxation
Taxation - net -1,173,499 -897,925 -656,314
Profit for the year 3,831,302 2,717,076 1,974,674
 MITCHELL’S Fruit Farms
Statement of Profit & Loss
2023 2022
Revenue 2,724,930,890 2,489,291,011
Cost of sales -2,076,814,684 -2,295,470,632
Gross profit 648,116,206 193,820,379
Expenses
Administrative expenses -187,798,148 -227,877,998
Selling and distribution expenses -444,878,650 -546,250,088
-632,676,798 -774,128,086

Operating profit loss 15,439,408 -580,307,707

Other operating expenses -63,953,923 -16,884,506
Finance cost -85,083,157 -36,980,631
Other income 107,685,416 47,995,036

Loss before Taxation -25,912,256 -586,177,808

Taxation -33,285,040 -35,799,231
Net Loss for the Year -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
 National Foods Pakistan
Balance Sheet
2023 2022
ASSETS
Non - current assets
Property, plant and equipment 14,267,716 9,894,748
Intangibles and goodwill 1,515,889 972,164
Long-term investment - 14,216
Long-term deposits 40,259 40,563
Deferred assets 44,158 53,656
15,868,023 10,975,347
Current assets
Stores and spare parts 260,967 168,050
Stock-in-trade 14,805,197 9,459,719
Trade debts 3,228,417 2,723,850
Advances 1,236,168 806,235
Deposits and prepayments 1,010,881 499,110
Other receivables 136,866 273
Short-term investments at FVTPL 937,047 1,324,793
Cash and bank balances 1,713,226 1,137,334
23,328,768 16,119,364
TOTAL ASSETS 39,196,791 27,094,712

EQUITY AND LIABILITIES

1,000,000,000 (30 June 2022: 1,000,000,000) ordinary 5,000,000 5,000,000
shares of Rs. 5 each

Share Capital
Issued, subscribed and paid-up capital 1,165,576 1,165,576
Revenue Reserves
Unappropriated profit 9,000,730 6,961,970
Foreign exchange translation reserve 1,270,516 577,421
11,436,822 8,704,968

Equity attributable to owners of the Company

Non-controlling interest 1,780,155 767,772
Total equity 13,216,977 9,472,740

Non - current liabilities 3,961,219 511,586

Long-term finance and deferred Income 2,381,605 1,680,976
Lease liabilities - 5,444
Long-term deposits 412,344 199,509
Deferred taxation - net 4,626 22,461
Long term provisions 13,547 6,341
Deferred liabilities 6,773,341 2,426,317

Current liabilities 10,849,772 7,781,880

Trade and other payables 355,136 109,100
Contract liabilities 5,407,269 4,883,090
Short-term borrowings 372,404 613,650
Long-term finance and deferred income classified as cur 644,680 433,964
Current portion of lease liabilities 459,706 80,882
Mark-up accrued on bank borrowings 20,639 23,161
Unclaimed dividend 1,096,867 1,269,928
Taxation - net 19,206,473 15,195,655

TOTAL EQUITY AND LIABILITIES 39,196,791 27,094,712

 2021

6,601,377
796,903
30,000
48,741
46,816
7,523,837

150,339
6,463,684
971,398
278,046
344,097
30,316
90,076
1,001,199
3,042,473
12,371,628

5,000,000

932,461

5,703,120
2,756
6,638,337

635,103
7,273,440

883,076
958,104
4,350
208,106
 39,441
10,667
2,103,744

5,390,663
195,391
2,861,444
744,559
218,022
10,453
21,206
1,076,543
10,518,281

19,895,465
 MITCHELL’S Fruit Farms
Balance Sheet
ASSETS
Non Current Assets
Property, plant and equipment 622,300,506
Intangible assets 30,350,731
Biological assets 2,444,402
Long term deposits 1,224,780
656,320,419
Current Assets
Stores and spares 57,571,705
Stock in trade 520,738,674
Trade debts 191,854,393
Advances, deposits, prepayments and other receivable 64,123,643
Income tax recoverable - net 108,613,307
Cash and bank balances 21,312,106
964,213,828

Total Assets 1,620,534,247

EQUITY AND LIABILITIES

Share Capital and Reserves
Authorized share capital 40,000,000 (2022: 40,000,000)
ordinary shares of Rs. 10 each 400,000,000

Issued, subscribed and paid up capital 228,750,000

Reserves -85,003,937
143,746,063
Non Current Liabilities -
Long term finances - secured
Deferred grant -
Deferred liabilities 141,008,335
Deferred taxation -
141,008,335
Current Liabilities -
Current portion of non-current liabilities
Trade and other payables 668,555,256
Finances under markup arrangements 302,002,267
Loan from related parties - unsecured 316,000,000
Accrued finance cost 47,309,572
Unclaimed dividend 1,912,754
1,335,779,849

Total Equity and Liabilities 1,620,534,247

Farms

668,093,802 636,098,672
26,585,558 12,262,568
1,550,000 37,790,000
1,541,543 8,511,693
697,770,903 694,662,933

45,561,599 35,291,224
430,965,294 407,053,602
202,059,716 329,306,341
127,526,438 98,654,403
118,506,475 131,061,071
21,624,400 12,626,979
946,243,922 1,013,993,620

1,644,014,825 1,708,656,553

400,000,000 400,000,000

228,750,000 228,750,000
-25,813,586 607,668,057
202,936,414 1,236,418,057

-
135,741,601 112,510,688
- 12,732,774
135,741,601 125,243,462

15,074,796

709,440,790 425,850,584
341,059,804 134,393,274
225,000,000 150,000,000
12,848,666 2,255,383
1,912,754 2,004,183
1,305,336,810 745,854,656

1,644,014,825 1,708,656,553