Page 160 - 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

The following are the contractual maturity analysis of financial liabilities as at June 30, 2019 and 2018: 50. EVENT AFTER THE BALANCE SHEET DATE
The Board of Directors in their meeting held on September 23, 2019 have proposed a final cash dividend for the year ended June 30, 2019 of Rs.1.75 per share,
2019 amounting to Rs. 1,526.34 million for approval of the members at the Annual General Meeting of the Company.
More than 6
Contractual cash Within 6 More than 1 year
Carrying amount months and up to
flows months and up to 5 years 51. DATE OF AUTHORIZATION FOR ISSUE
1 year
Rupees in ‘000 The financial statements were authorized for issue on September 23, 2019 by the Board of Directors of the Company.
Financial Liabilities :
52. GENERAL
Long term financing 4,875,936 5,764,488 677,420 934,605 4,152,463
Trade and other payables 3,205,118 3,205,118 3,205,118 - - 52.1 Corresponding figures
Dividend payable 130,935 130,935 130,935 - -
Accrued mark up 110,483 110,483 110,483 - - Corresponding figures have been rearranged and reclassified wherever necessary for the purpose of better presentation. However, during the year
Short term borrowings 11,726,000 11,811,478 11,811,478 - - following reclassifications are made in the corresponding figures.
20,048,472 21,022,502 15,935,434 934,605 4,152,463 Rupees in
Particulars From To
'000
2018
Operating fixed assets - Cost Freehold land Building on freehold land 143
More than 6 Operating fixed assets - Cost Building on freehold land Electric installations 1,290
Contractual cash Within 6 More than 1 year
Carrying amount months and up to Operating fixed assets - Cost Plant and machinery Tools and equipments 1,680
flows months and up to 5 years
1 year Operating fixed assets - Cost Plant and machinery Electric installations 22,157
Rupees in ‘000 Operating fixed assets - Cost Tools and equipments Building on freehold land 4,249
Financial Liabilities : Operating fixed assets - Cost Tools and equipments Plant and machinery 14,782
Operating fixed assets - Cost Tools and equipments Furniture and fixtures 2,729
Long term financing 3,216,476 3,652,002 550,166 594,099 2,507,737 Operating fixed assets - Cost Tools and equipments Electric installations 4,871
Liabilities against assets subject 847 1,168 260 519 389 Operating fixed assets - Cost Office equipments Furniture and fixtures 6,225
to finance lease Operating fixed assets - Cost Office equipments Vehicles 11
Trade and other payables 2,485,789 2,485,789 2,485,789 - - Operating fixed assets - Cost Electric installations Building on freehold land 5,999
Dividend payable 475,276 475,276 475,276 - - Operating fixed assets - Cost Electric installations Tools and equipments 2,894
Accrued mark up 137,856 137,856 137,856 - - Operating fixed assets - Cost Electric installations Plant and machinery 2,529
Short term borrowings 15,180,937 15,329,105 15,329,105 - - Operating fixed assets - Cost Furniture and fixtures Building on freehold land 105
Operating fixed assets - Cost Furniture and fixtures Tools and equipments 2,731
Operating fixed assets - Cost Furniture and fixtures Electric installations 134,836
21,497,181 22,081,196 18,978,452 594,618 2,508,126
Operating fixed assets - Cost Furniture and fixtures Plant and machinery 10,339
The contractual cash flows relating to the above financial liabilities have been determined on the basis of interest rates / mark-up rates effective as at 30 Operating fixed assets - Cost Vehicles Tools and equipments 102,813
June. The rates of interest / mark up have been disclosed in note 23 and note 28 to these unconsolidated financial statements. Operating fixed assets - Accumulated depreciation Building on freehold land Electric installations 5,316
Operating fixed assets - Accumulated depreciation Plant and machinery Tools and equipments 474
Operating fixed assets - Accumulated depreciation Tools and equipments Building on freehold land 1,460
49.4 CAPITAL RISK MANAGEMENT
Operating fixed assets - Accumulated depreciation Tools and equipments Plant and machinery 10,941
Operating fixed assets - Accumulated depreciation Tools and equipments Furniture and fixtures 161
The primary objective of the Company’s capital management is to safeguard the company’s ability to continue as a going concern, maintain healthy capital Operating fixed assets - Accumulated depreciation Tools and equipments Electric installations 312
ratios, strong credit rating and optimal capital structures in order to ensure ample availability of finance for its existing and potential investment projects, so that Operating fixed assets - Accumulated depreciation Office equipments Furniture and fixtures 4,831
it can continue to provide returns for shareholders thereby maximizing their wealth, benefits for other stakeholders and reduce the cost of capital. Operating fixed assets - Accumulated depreciation Office equipments Vehicles 11
Operating fixed assets - Accumulated depreciation Electric installations Tools and equipments 2,326
The Company manages the capital structure in the context of economic conditions and the risk characteristics of the underlying assets. In order to maintain or Operating fixed assets - Accumulated depreciation Electric installations Plant and machinery 2,644
adjust the capital structure, the Company may, for example, adjust the amount of dividends paid to shareholders, issue new shares, or sell assets to reduce Operating fixed assets - Accumulated depreciation Furniture and fixtures Tools and equipments 1,659
debt. Operating fixed assets - Accumulated depreciation Furniture and fixtures Electric installations 54,925
Operating fixed assets - Accumulated depreciation Furniture and fixtures Plant and machinery 1,562
The Company monitors capital on the basis of debt to equity ratio, calculated on the basis of total debt to equity. Operating fixed assets - Accumulated depreciation Vehicles Tools and equipments 74,003
Depreciation expense Administrative expenses Cost of sales 17,470
Advertisement expense Distribution cost Administrative expense 4,379
2019 2018
Rupees in ‘000 52.2 Rounding
Figures have been rounded off to the nearest thousand.
Long term financing 4,875,936 3,216,476
Liabilities against assets subject to finance lease - 847
Short term borrowings 11,726,000 15,180,937
Debts 16,601,936 18,398,260
Equity 17,879,784 9,082,537
Total capital (equity + debt) 34,481,720 27,480,797 2018 - 19
48.15
Interloop Limited Annual Report
Gearing ratio (percentage)
66.95

CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER
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