Page 173 - Interloop Annual Report 2018-2019

CONSOLIDATED STATEMENT OF CONSOLIDATED STATEMENT OF

FINANCIAL POSITION 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
Sales - net 32 37,511,062 32,141,958
ASSETS Cost of sales 33 (25,643,715) (22,883,089)
Gross profit 11,867,347 9,258,869
NON CURRENT ASSETS
Operating expenses
Property, plant and equipment 8 18,899,292 15,456,596
Intangible asset 9 70,083 42,411 Distribution cost 34 (2,794,393) (2,641,013)
Long term investment 10 93,540 115,456 Administrative expenses 35 (2,028,640) (1,639,210)
Long term loans 11 73,262 60,747 Other operating expenses 36 (714,202) (603,026)
Long term deposits 12 33,120 25,055 Other income 37 14,444 55,087
19,169,297 15,700,265
CURRENT ASSETS Profit from operations (5,522,791) (4,828,162)
6,344,556
4,430,707
Stores and spares 13 890,404 779,198
Stock in trade 14 6,297,975 5,121,718 Finance cost 38 (999,260) (498,956)
Trade debts 15 8,274,062 7,293,008 Gain from changes in fair value less costs to sell of biological assets 39 - 9,245
Loans and advances 16 1,076,724 617,743
Deposit, prepayment and other receivables 17 208,238 171,891 Share of loss from associate 10.1 (58,485) (53,032)
Short term investment 18 1,207,251 147,425
Tax refunds due from government 19 1,949,118 2,451,812 Profit before taxation 5,286,811 3,887,964
Deferred employee share option compensation expense 23.2 - 5,014
Cash and bank balances 20 1,542,907 195,939 Taxation 40 (226,260) (153,248)
21,446,679 16,783,748
TOTAL ASSETS 40,615,976 32,484,013 Profit for the year 5,060,551 3,734,716

Attributable to:
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES Shareholders of parent company 5,060,551 3,718,765
Non- controlling interest - 15,951
Authorized share capital 21 10,000,000 3,000,000 5,060,551 3,734,716
Issued, subscribed and paid up capital 22 8,721,975 1,901,104
Reserves 23 3,844,223 54,914 Earnings per share - basic (Rupees) 41.1 6.4983 4.8814
Unappropriated profit 4,949,685 6,860,264
Equity attributable to holders of parent company 17,515,883 8,816,282 Earnings per share - diluted (Rupees) 41.2 6.4983 4.8811

NON CURRENT LIABILITIES The annexed notes 1 to 54 form an integral part of these financial statements.

Long term financing 24 3,628,745 2,247,936
Liabilities against assets subject to finance lease 25 - 615
Deferred liabilities 26 2,497,894 1,925,612
6,126,639 4,174,163
CURRENT LIABILITIES
Trade and other payables 27 3,625,644 2,730,489
Dividend payable 130,935 475,276
Accrued mark up 28 113,942 137,856
Short term borrowings 29 11,855,742 15,180,937
Current portion of non current liabilities 30 1,247,191 969,010
16,973,454 19,493,568
CONTINGENCIES & COMMITMENTS 31 - -

TOTAL EQUITY AND LIABILITIES 40,615,976 32,484,013 2018 - 19

Interloop Limited The annexed notes 1 to 54 form an integral part of these financial statements. Annual Report

170 CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER 171