Page 130 - Interloop Annual Report 2018-2019

NOTES TO THE UNCONSOLIDATED NOTES TO THE UNCONSOLIDATED

FINANCIAL STATEMENTS FINANCIAL STATEMENTS

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

Accumulated Gain / Accumulated Gain /
Description Cost Book Value Sale Proceeds Mode of Disposal Particulars of Buyers Description Cost Book Value Sale Proceeds Mode of Disposal Particulars of Buyers
Depreciation (Loss) Depreciation (Loss)
Rupees in ‘000 Rupees in ‘000
Vehicles Honda City 1,688 731 957 957 - Transferred Interloop Holdings (Pvt) Limited -
Associated Company
Interloop Holdings (Pvt) Limited -
Mrs. Nazia Navid - Wife of Chief Suzuki Cultus Vxr 1,124 564 560 559 (1) Transferred
Toyota Land Cruiser Parado 18,151 12,600 5,551 5,551 - Negotiation Associated Company
Executive Officer Interloop Holdings (Pvt) Limited -
Mr. Muhammad Arshad - Company Suzuki Cultus Vxr 1,099 501 598 598 - Transferred Associated Company
Honda Civic Vti Prosmatic 2,285 1,330 955 860 (95) Company Policy
Employee Interloop Holdings (Pvt) Limited -
Mr. Shahid Hameed - Company Toyota Hilux 4X2 S/C 2,027 857 1,170 1,171 1 Transferred
Honda Civic Vti Prosmatic 2,274 1,313 961 708 (253) Company Policy Associated Company
Employee Interloop Holdings (Pvt) Limited -
Ms. Sadia Rashid - Company Mercedes - Benz E300 14,195 6,700 7,495 7,495 - Transferred
Honda City 1,752 281 1,471 1,472 1 Company Policy Associated Company
Employee Interloop Holdings (Pvt) Limited -
Mr. Muhammad Shahzad - Compa- Honda Civic 2,666 89 2,577 2,577 - Transferred Associated Company
Honda Civic Orial Prosmatic 2,511 1,451 1,060 860 (200) Company Policy
ny Employee Interloop Holdings (Pvt) Limited -
Mr. Naseer Ahmad - Company Honda Civic Oriel 2,988 149 2,839 2,838 (1) Transferred
Honda Civic Vti Prosmatic 2,205 1,273 932 708 (224) Company Policy Associated Company
Employee IL Apparel (Pvt) Limited - Subsidi-
Mr. Raza Mohay Ud Din - Company Suzuki Swift Dlx 1,334 670 664 661 (3) Transferred ary Company
Suzuki Swift Dlx 1,302 782 520 305 (215) Company Policy
Employee Honda Civic I-Vtec 1.8L Cvt (Prosmatic) IL Apparel (Pvt) Limited - Subsidi-
Mr. Kamran Akhtar - Company Oriel 2,666 1,011 1,655 1,665 10 Transferred ary Company
Toyota Corolla Xli 1,626 927 699 644 (55) Company Policy
Employee IL Apparel (Pvt) Limited - Subsidi-
Mr. Kamran Sani - Company Toyota Corolla Gli 1,934 733 1,201 1,201 - Transferred
Suzuki Swift Dlx 1,282 731 551 424 (127) Company Policy ary Company
Employee Toyota Corolla Gli 1,849 702 1,147 1,147 - Negotiation Interloop Welfare Trust
Honda City Aspire Mt 1,566 892 674 624 (50) Company Policy Mr. Umer Javed - Company
Employee
Mr. Muhammad Rizwan Mohsin - Sub Total 106,104 52,892 53,212 50,924 (2,288)
Honda City Ivtec 1,555 934 621 305 (316) Company Policy
Company Employee Other assets having book value 285,364 181,525 103,839 87,214 (16,625)
Mr. Hasnain Abbas - Company below Rs. 500,000 each
Honda City Aspire Mt 1,695 1,017 678 1,300 622 Company Policy
Employee
Mr. Muhammad Atif Saleem - Com-
Suzuki Swift Dlx 1,316 780 536 416 (120) Company Policy pany Employee Total - 2019 465,546 278,989 186,557 139,466 (47,091)
Mr. Aamer Tanveer - Company
Toyota Corolla Gli 1,811 1,101 710 658 (52) Company Policy
Employee
Mr. Dr Nabeel - Company Em- Total - 2018 241,381 137,180 104,201 65,507 (38,694)
Honda Civic Vti Prosmatic 2,167 1,126 1,041 1,062 21 Company Policy
ployee
Mr. Adeel Asghar - Company
Honda City Aspire Mt 1,556 902 654 488 (166) Company Policy
Employee
Mr. Rashid Hussain - Company
Toyota Corolla Gli 1,811 1,090 721 658 (63) Company Policy
Employee
Toyota Corolla Xli 1,685 1,025 660 658 (2) Company Policy Mr. Zubair Masud - Company 2019 2018
Employee Note Rupees in ‘000
Toyota Corolla Gli 1,811 1,036 775 488 (287) Company Policy Mr. Arif Butt - Company Employee
Mr. Waheed Ahmad - Company
Suzuki Swift Dlx 1,297 751 546 488 (58) Company Policy
Employee 7.1.2 Depreciation expense for the year has been allocated as under;
Honda Civic 2,028 1,249 779 438 (341) Company Policy Mr. Yasir Riaz - Company Employee
Mr. Muhammad Naseer Ud Din -
Toyota Corolla Gli 1,809 1,129 680 658 (22) Company Policy Company Employee Cost of sales 1,490,464 1,338,143
Mr. Javed Iqbal - Company Administrative expenses 150,770 133,392
Toyota Corolla Gli 1,771 1,030 741 488 (253) Company Policy
Employee 1,641,234 1,471,535
Mr. Zahid Hussain - Company
Toyota Corolla Gli 1,810 1,103 707 658 (49) Company Policy
Employee 7.2 Capital work-in-progress
Mr. Sheraz, Saeed Autos, 22C -
Honda City 1,848 414 1,434 1,435 1 Negotiation
Model Town, Jail Road, Faisalabad.
Mr. Sheraz, Saeed Autos, 22C - Civil works 7.2.1 653,047 178,203
Suzuki Swift Dlx 1,316 719 597 603 6 Negotiation Plant and machinery 7.2.2 135,550 32,696
Model Town, Jail Road, Faisalabad.
Mr. Sheraz, Saeed Autos, 22C - Capital stores 7.2.3 3,913 87,200
Faw V-2 M/T 1,076 380 696 703 7 Negotiation Advances to suppliers 425,524 1,326
Model Town, Jail Road, Faisalabad.
Mr. Sheraz, Saeed Autos, 22C -
Suzuki Cultus Vxr 1,277 425 852 853 1 Negotiation 1,218,034 299,425
Model Town, Jail Road, Faisalabad.
Security General Insurance
Suzuki Cultus - Vxr 1,444 24 1,420 1,410 (10) Insurance claim
Company 7.2.1 Civil works include borrowing cost amounting to Rs. 16 million calculated at the rates ranging from 2.33% to 4.92% per annum.
Interloop Holdings (Pvt) Limited -
Honda City 1,769 888 881 881 - Transferred
Associated Company 7.2.2 Plant and machinery includes amount of Rs. 124.68 million in respect of trial production cost of denim sampling unit.
Interloop Holdings (Pvt) Limited -
Toyota Corolla Altis 2,088 951 1,137 1,137 - Transferred
Associated Company 7.2.3 Capital stores include factory tools and equipments, office equipments, electric installations and furniture and fixtures that are held in store for future
Suzuki Wagon-R Vxl 1,074 453 621 626 5 Transferred Interloop Holdings (Pvt) Limited - use and capitalization.
Associated Company
Interloop Holdings (Pvt) Limited -
Suzuki Cultus Vxl 1,566 78 1,488 1,488 - Transferred Associated Company 2018 - 19
Interloop Limited Annual Report
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