Page 102 - Interloop Annual Report 2018-2019

UNCONSOLIDATED STATEMENT UNCONSOLIDATED STATEMENT

OF FINANCIAL POSITION OF PROFIT OR LOSS

AS AT JUNE 30, 2019 FOR THE YEAR ENDED JUNE 30, 2019

2019 2018 2019 2018
Note Rupees in ‘000 Note Rupees in ‘000
ASSETS
Sales - net 31 37,478,321 31,138,736
Cost of sales 32 (25,523,607) (21,994,237)
NON CURRENT ASSETS Gross profit 11,954,714 9,144,499
Property, plant and equipment 7 18,256,474 15,451,969
Intangible asset 8 66,161 42,410 Operating expenses
Long term investments 9 1,008,735 380,549
Long term loans 10 65,762 60,747 Distribution cost 33 (2,783,719) (2,641,013)
Long term deposits 11 28,019 25,055 Administrative expenses 34 (1,984,209) (1,597,804)
19,425,151 15,960,730 Other operating expenses 35 (784,540) (425,429)
14,444
9,164
CURRENT ASSETS Other income 36 (5,538,024) (4,655,082)
Profit from operations 6,416,690 4,489,417
Stores and spares 12 887,659 779,198
Stock in trade 13 6,282,491 5,121,718
Trade debts 14 8,247,740 7,293,008 Finance cost 37 (995,707) (483,654)
Loans and advances 15 1,063,342 617,743
Deposit, prepayment and other receivables 16 204,985 179,864 Profit before taxation 5,420,983 4,005,763
Tax refunds due from Government 17 1,925,439 2,451,806
Short term investments 18 1,207,251 147,425
Deferred employee share option compensation expense 22 - 5,014 Taxation 38 (226,216) (119,954)
Cash and bank balances 19 1,538,564 193,687
21,357,471 16,789,463 Profit for the year 5,194,767 3,885,809
TOTAL ASSETS 40,782,622 32,750,193

EQUITY AND LIABILITIES Earnings per share - basic (Rupees) 39.1 6.6706 5.1007
SHARE CAPITAL AND RESERVES Earnings per share - diluted (Rupees) 39.2 6.6706 5.1003
Authorized share capital 20 10,000,000 3,000,000
Issued, subscribed and paid up capital 21 8,721,975 1,901,104 The annexed notes 1 to 52 form an integral part of these financial statements.
Reserves 22 3,791,602 38,863
Unappropriated profit 5,366,207 7,142,570
17,879,784 9,082,537
NON CURRENT LIABILITIES
Long term financing 23 3,628,745 2,247,936
Liabilities against assets subject to finance lease 24 - 615
Deferred liabilities 25 2,482,623 1,925,612
6,111,368 4,174,163
CURRENT LIABILITIES
Trade and other payables 26 3,576,861 2,730,414
Dividend payable 130,935 475,276
Accrued mark up 27 110,483 137,856
Short term borrowings 28 11,726,000 15,180,937
Current portion of non current liabilities 29 1,247,191 969,010
16,791,470 19,493,493
CONTINGENCIES & COMMITMENTS 30 - -
TOTAL EQUITY AND LIABILITIES 40,782,622 32,750,193

The annexed notes 1 to 52 form an integral part of these financial statements. 2018 - 19
Interloop Limited Annual Report

CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER
100 101