Page 136 - 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

2019 2018 18.2 Fair values of these investments are determined using quoted market / repurchase price.
Note Rupees in ‘000
18.3 Short term investment in TDRs earned interest at effective rate of 11.55% to 12.05% per annum.
18. SHORT TERM INVESTMENTS
18.4 By virtue of enactment of section 67A in the Sales Tax Act, 1990, Sales Tax Refunds claimant have been given option to receive their refunds in shape
of Sales Tax Refund Bonds which have been directly credited to the Corporate Investor Account maintained with CDC (Central Depository Company
Mutual Funds - Fair value through profit or loss: 18.1 & 18.2
of Pakistan Limited) .
Alfalah GHP Income Multiplier Fund - 56,657
Alfalah GHP Alfa Fund 17,306 20,740 The bonds so issued have a maturity period of three (3) years and shall bear simple profit at the rate of 10% per annum. The bonds are freely tradable
Alfalah GHP Sovereign Fund 58,944 - in Pakistan's secondary markets and shall be approved security for calculating the statutory liquidity reserve and shall be acceptable by the banks as
Meezan Islamic Fund 34,795 45,978 collateral security. After period of maturity, the Company shall return the bonds to the Board and the Board shall make the payment of amount due
Meezan Sovereign Fund 7 7 under the bonds, along with profit due, to the bond holders.
NAFA Islamic Energy Fund - 24,040
NAFA Financial Sector Income Fund 909 - The bonds shall be redeemable before maturity only at the option of the Board along with simple profit payable at the time of redemption in the light
NAFA Stock Fund 16,986 - of general or specific policy to be formulated by the Board.
NAFA Money Market Fund 1,555 -
UBL Growth And Income Fund - 3
UBL Government Securities Fund 394 - The management intend to trade and redeem these bonds in near future, therefore, these are grouped in short term investments.
130,896 147,425 2019 2018
Term Deposit Receipts (TDRs) - Amortized cost: 18.3 Rupees in ‘000
The Bank of Punjab 150,347 -
National Bank of Pakistan 790,908 - 19. CASH AND BANK BALANCES
941,255 -
Cash in hand 26,353 12,051
Sales Tax Refund Bonds - Amortized cost: 18.4 Cash at banks
In current accounts 1,440,947 149,218
FBR Refund Settlement Company (Private) Limited 135,100 - In foreign currency accounts 71,264 32,418
1,512,211 181,636
1,207,251 147,425 1,538,564 193,687
18.1 Detail of Investment in Mutual Funds
20. AUTHORIZED SHARE CAPITAL
Number of
Name of the investee shares / units Average Cost Fair value Remeasurement loss 2019 2018
as at June 30, 2019 as at June 30, 2019 as at June 30, 2019 as at June 30, 2019
Number of shares in '000
No. of units '000 Rupees in ‘000
965,000 265,000 Ordinary shares of Rs. 10 each 9,650,000 2,650,000
Alfalah GHP Alfa Fund 308.8077 22,272 17,306 (4,966)
35,000 35,000 Non-voting ordinary shares of Rs. 10 each 350,000 350,000
Alfalah GHP Sovereign Fund 554.0604 61,221 58,944 (2,277)
Meezan Islamic Fund 725.9510 45,978 34,795 (11,183) 1,000,000 300,000 10,000,000 3,000,000
Meezan Sovereign Fund 0.1371 7 7 -
21. ISSUED, SUBSCRIBED AND PAID UP CAPITAL
NAFA Financial Sector Income Fund 86.5028 924 909 (15)
NAFA Stock Fund 1,416.4747 19,307 16,986 (2,321) 2019 2018
Number of shares in '000
NAFA Money Market Fund 157.5662 1,563 1,555 (8)
UBL Government Securities Fund 3.7222 411 394 (17) 130,900 21,400 Ordinary shares of Rs. 10 each fully paid in cash 1,309,000 214,000
Ordinary shares of Rs. 10 each issued as fully paid
738,500 168,200 bonus shares 7,385,000 1,682,000
Total 3,253.2220 151,683 130,896 (20,787)
Non-voting ordinary shares of Rs. 10 each fully
1,266 510 12,662 5,104
paid in cash
Non-voting ordinary shares of Rs. 10 each issued
1,531 - 15,313 -
as fully paid bonus shares
872,197 190,110 8,721,975 1,901,104 2018 - 19
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