Page 201 - Interloop Annual Report 2018-2019

NOTES TO THE CONSOLIDATED NOTES TO THE CONSOLIDATED

FINANCIAL STATEMENTS FINANCIAL STATEMENTS

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

8.1 Operating fixed assets
8.1.1 The detail of operating fixed assets disposed / written off during the year are as follows:
2019
COST DEPRECIATION W.D.V Description Cost Accumulated Book Value Sale Proceeds Gain / Mode of Disposal Particulars of Buyers
Depreciation (Loss)
Trial Pro- Rate Rupees in ‘000
DESCRIPTION As on As on As on
As on As on For the duction Adjust- %
July 1, 2018 Additions Deletions June 30, July 1, 2018 year Capitali- ments June 30, June 30, Assets having book value exceeding Rs. 500,000 each
2019
2019
2019
zation Buildings
Civil Works - Satellite Unit 3,347 1,242 2,105 - (2,105) Rented Building
Rupees in ‘000 Vacated
Owned Civil Works - Satellite Unit 2,709 1,006 1,703 - (1,703) Rented Building
Vacated
Freehold land 929,470 871,689 - 1,801,159 - - - - - 1,801,159 - Civil Works - Chawla Store Expansion 5,071 2,074 2,997 - (2,997) Rented Building
Vacated
Rented Building
Buildings on freehold land 4,730,350 578,239 (17,251) 5,291,338 1,768,810 331,085 273 (7,174) 2,092,994 3,198,344 10 Fabrication of Finished Goods Store 3,646 1,869 1,777 - (1,777) Vacated
Plant and machinery 15,337,893 2,158,422 (298,702) 17,197,613 6,209,372 1,009,899 3,395 (193,303) 7,029,363 10,168,250 10 Sub Total 14,773 6,191 8,582 - (8,582)
Plant and Machinery
Tools and equipments 853,507 185,194 (6,971) 1,031,730 332,256 61,223 175 (3,568) 390,086 641,644 10
Mian Rashid - Nisar Colony,
Dyeing Machine - Tupesa 2,503 1,972 531 344 (187) Negotiation
Office equipments 363,401 76,918 (9,690) 430,629 176,388 45,653 173 (5,313) 216,901 213,728 20 Faisalabad.
Mian Rashid - Nisar Colony,
Dryer - Tupesa - Sc2 4,861 3,677 1,184 143 (1,041) Negotiation
Electric installations 1,314,055 155,075 (35) 1,469,095 426,792 95,518 268 (20) 522,558 946,537 10 Faisalabad.
Mian Rashid - Nisar Colony,
Dryer - Tupesa - Sc 3,539 2,668 871 143 (728) Negotiation
Furniture and fixtures 313,807 95,786 (3,890) 405,703 123,857 25,466 38 (2,270) 147,091 258,612 10 Faisalabad.
Mian Rashid - Nisar Colony,
Suction Blower System 3,179 1,671 1,508 29 (1,479) Negotiation
Vehicles 520,799 209,123 (119,887) 610,035 172,608 84,131 - (63,018) 193,721 416,314 20 Faisalabad.
Mian Rashid - Nisar Colony,
Bleaching Machine - Polycraft 992 460 532 29 (503) Negotiation Faisalabad.
Sub total 24,363,282 4,330,446 (456,426) 28,237,302 9,210,083 1,652,975 4,322 (274,666) 10,592,714 17,644,588 Nawab Spinning Mills (Pvt) Ltd,
Knitting Machine - Lonati - L454J 2,612 2,060 552 182 (370) Negotiation Chak No. 61 R.B, Near Sitara Ener-
Leasehold gy, Sheikhupura Road , Faisalabad.
Vehicles 2,439 - (2,439) - 1,273 78 - (1,351) - - 20 Mian Maqsood - Sir Syed Town,
Knitting Machine - Santoni 2,505 1,965 540 13 (527) Negotiation
Dajkot Road, Faisalabad.
Sub total 2,439 - (2,439) - 1,273 78 - (1,351) - - Mian Maqsood - Sir Syed Town,
Knitting Machine - Santoni 2,505 1,965 540 13 (527) Negotiation
Dajkot Road, Faisalabad.
Mian Maqsood - Sir Syed Town,
Knitting Machine - Sangiacomo 3,045 2,227 818 13 (805) Negotiation
Grand total 24,365,721 4,330,446 (458,865) 28,237,302 9,211,356 1,653,053 4,322 (276,017) 10,592,714 17,644,588 Dajkot Road, Faisalabad.
Automatic Boarding Machine - Techo- 2,125 1,141 984 80 (904) Negotiation Muhammad Sarfraz - Chak No. 61,
pea - Ghibli Sheikhupura Road, Faisalabad.
2018 Suction System Complete 3,780 633 3,147 53 (3,094) Negotiation Muhammad Safdar - Zulifqar
C O S T DEPRECIATION W.D.V Diesel Generator - CMD38 Rating Colony, Faisalabad.
Muhammad Umer Farooq - Zulifqar
Trans- Trans- 35Kva / 28Kw Prime 1500Rpm 1,100 450 650 195 (455) Negotiation Colony, Faisalabad.
DESCRIPTION As on Addi- ferred to As on As on For the Adjust- ferred to As on As on Rate Gas Genset - Ge Jenbacher - J 620
%
July 1, tions Deletions Interloop June 30, July 1, year ments Interloop June 30, June 30, GSE01 (Old Parts Scraped due to 19,241 13,757 5,484 - (5,484) Scraped Mr. Abdul Aziz
2017 Holdings 2018 2017 Holdings 2018 2018 Overhauling of Generator)
(Pvt) Ltd (Pvt) Ltd Sub Total 51,987 34,646 17,341 1,237 (16,104)
Rupees in ‘000
Tools and Equipments
Owned
Freehold land 1,172,655 43,746 (263,919) (23,012) 929,470 - - - - - 929,470 - Fire Alarm System - Chawla Ware- 1,439 602 837 - (837) Rented Building
house Vacated
Buildings on freehold land 4,850,502 626,968 (747,120) - 4,730,350 1,661,266 324,386 (216,842) - 1,768,810 2,961,540 10 Fire Alarm System - Finished Goods 4,329 2,257 2,072 91 (1,981) Negotiation Muhammad Safdar - Zulifqar
Warehouses Colony, Faisalabad.
Plant and machinery 13,787,025 1,982,512 (431,644) - 15,337,893 5,456,668 928,874 (176,170) - 6,209,372 9,128,521 10
Sub Total 5,768 2,859 2,909 91 (2,818)
Tools and equipment 704,066 171,851 (22,410) - 853,507 280,220 57,991 (5,955) - 332,256 521,251 10
Office equipment 284,612 88,651 (9,862) - 363,401 142,830 40,950 (7,392) - 176,388 187,013 20 Furniture and Fixtures
Electric installations 1,137,094 246,103 (69,142) - 1,314,055 354,345 93,031 (20,584) - 426,792 887,263 10 Mr. Tariq - Darul Ehsan Town near
Palletizing and Racking System 1,550 876 674 - (674) Negotiation Rasheed Kanda, Samnundri Road,
Furniture and fixtures 289,650 29,799 (5,642) - 313,807 105,991 20,316 (2,450) - 123,857 189,950 10 Faisalabad.
Vehicles 450,490 175,108 (95,695) (9,104) 520,799 147,122 75,726 (48,671) (1,569) 172,608 348,191 20 Sub Total 1,550 876 674 - (674)
Sub total 22,676,094 3,364,738 (1,645,434) (32,116) 24,363,282 8,148,442 1,541,274 (478,064) (1,569) 9,210,083 15,153,199 Vehicles 2018 - 19
Interloop Limited Vehicles 9,254 - (6,815) - 2,439 5,037 672 (4,436) - 1,273 1,166 20 Toyota Land Cruiser Parado 18,151 12,600 5,551 5,551 - Negotiation Mrs. Nazia Navid - Wife of Chief Annual Report
Leasehold
2,439
5,037
9,254
(6,815)
(4,436)
1,273
1,166
Executive Officer
-
Sub total
-
-
672
Grand total 22,685,348 3,364,738 (1,652,249) (32,116) 24,365,721 8,153,479 1,541,946 (482,500) (1,569) 9,211,356 15,154,365
198 199