Page 203 - 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

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
Mr. Muhammad Arshad - Company Interloop Holdings (Pvt) Limited -
Honda Civic Vti Prosmatic 2,285 1,330 955 860 (95) Company Policy Mercedes - Benz E300 14,195 6,700 7,495 7,495 - Transferred
Employee Associated Company
Mr. Shahid Hameed - Company Interloop Holdings (Pvt) Limited -
Honda Civic Vti Pm 2,274 1,313 961 708 (253) Company Policy Honda Civic 2,666 89 2,577 2,577 - Transferred
Employee Associated Company
Ms. Sadia Rashid - Company Interloop Holdings (Pvt) Limited -
Honda City 1,752 281 1,471 1,472 1 Company Policy Honda Civic Oriel 2,988 149 2,839 2,838 (1) Transferred
Employee Associated Company
Honda Civic Orial Pm 2,511 1,451 1,060 860 (200) Company Policy Mr. Muhammad Shahzad - Compa- Toyota Corolla Gli 1,849 702 1,147 1,147 - Negotiation Interloop Welfare Trust
ny Employee
Mr. Naseer Ahmad - Company
Honda Civic Vti Prosmatic 2,205 1,273 932 708 (224) Company Policy Sub Total 100,170 50,478 49,692 47,397 (2,295)
Employee
Mr. Raza Mohay Ud Din - Company Other assets having book value
Suzuki Swift Dlx 1,302 782 520 305 (215) Company Policy below Rs. 500,000 each 284,617 180,967 103,650 86,570 (17,080)
Employee
Mr. Kamran Akhtar - Company Total - 2019 458,865 276,017 182,848 135,295 (47,553)
Toyota Corolla Xli Le 1,626 927 699 644 (55) Company Policy Employee
Mr. Kamran Sani - Company
Suzuki Swift Dlx 1,282 731 551 424 (127) Company Policy
Employee Total - 2018 245,558 139,961 105,597 66,452 (39,145)
Honda City Aspire Mt 1,566 892 674 624 (50) Company Policy Mr. Umer Javed - Company
Employee
Mr. Muhammad Rizwan Mohsin -
Honda City Ivtec 1,555 934 621 305 (316) Company Policy
Company Employee 2019 2018
Mr. Hasnain Abbas - Company
Honda City Aspire Mt 1,695 1,017 678 1,300 622 Company Policy Note Rupees in ‘000
Employee
Mr. Muhammad Atif Saleem - Com-
Suzuki Swift Dlx 1,316 780 536 416 (120) Company Policy 8.1.2 Depreciation expense for the year has been allocated as under;
pany Employee
Mr. Aamer Tanveer - Company
Toyota Corolla Gli 1,811 1,101 710 658 (52) Company Policy Cost of sales 1,497,725 1,404,282
Employee
Mr. Dr Nabeel - Company Em- Administrative expenses 155,328 137,664
Honda Civic Vti Prosmatic 2,167 1,126 1,041 1,062 21 Company Policy
ployee 1,653,053 1,541,946
Mr. Adeel Asghar - Company
Honda City Aspire Mt 1,556 902 654 488 (166) Company Policy
Employee
Mr. Rashid Hussain - Company 8.2 Capital work-in-progress
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 Civil works 8.2.1 654,768 178,203
Employee Plant and machinery 8.2.2 151,000 32,696
Toyota Corolla Gli 1,811 1,036 775 488 (287) Company Policy Mr. Arif Butt - Company Employee Capital stores 8.2.3 20,792 87,201
Mr. Waheed Ahmad - Company Advances to suppliers 428,144 4,131
Suzuki Swift Dlx 1,297 751 546 488 (58) Company Policy
Employee 1,254,704 302,231
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
Mr. Javed Iqbal - Company 8.2.1 Civil works include borrowing cost amounting to Rs. 16.005 million calculated at the rates ranging from 2.33% to 4.92% per annum.
Toyota Corolla Gli 1,771 1,030 741 488 (253) Company Policy
Employee
Mr. Zahid Hussain - Company 8.2.2 Plant and machinery includes amount of Rs. 124.68 million in respect of trial production cost of denim sampling unit.
Toyota Corolla Gli 1,810 1,103 707 658 (49) Company Policy
Employee
Mr. Sheraz, Saeed Autos, 22C - 8.2.3 Capital stores include factory tools and equipments, office equipments, electric installations and furniture and fixtures that are held in store for future
Honda City Pts F/L 1,848 414 1,434 1,435 1 Negotiation
Model Town, Jail Road, Faisalabad. use and capitalization.
Mr. Sheraz, Saeed Autos, 22C -
Suzuki Swift Dlx 1,316 719 597 603 6 Negotiation
Model Town, Jail Road, Faisalabad. 8.3 Details of immovable property in the name of the Company:
Faw V-2 M/T 1,076 380 696 703 7 Negotiation Mr. Sheraz, Saeed Autos, 22C -
Model Town, Jail Road, Faisalabad.
Mr. Sheraz, Saeed Autos, 22C - Usage Location Area
Suzuki Cultus Vxr 1,277 425 852 853 1 Negotiation
Model Town, Jail Road, Faisalabad.
Security General Insurance Plant 1 Chak # 76 RB. 1 - KM, Jaranwala Road, Khurrianwala, Faisalabad. 19 Acres 7 Kanals 12 Marlas
Suzuki Cultus - Vxr 1,444 24 1,420 1,410 (10) Insurance claim
Company { Chak # 194 RB. 1 - KM, Jaranwala Road, Khurrianwala, Faisalabad. 2 Acres 8 Kanals 13 Marlas
Interloop Holdings (Pvt) Limited -
Honda City 1,769 888 881 881 - Transferred Associated Company Chak # 108 RB. 1 - KM, Jaranwala Road, Khurrianwala, Faisalabad. 9 Marlas
Interloop Holdings (Pvt) Limited - Chak # 103 RB, 7 - KM, Jaranwala Road, Khurrianwala, Faisalabad. 97 Acres 19 Kanals 9 Marlas 5 Sarsai
Toyota Corolla Altis 2,088 951 1,137 1,137 - Transferred Interloop Industrial {
Associated Company Park - (Plant 2, Plant 4 & Spinning) Chak # 106 RB, 6 - KM, By Pass Road, Khurrianwala, Faisalabad. 14 Acres 3 Kanals 12 Marlas
Interloop Holdings (Pvt) Limited - Chak # 103 RB, 7 - KM, Jaranwala Road, Khurrianwala, Faisalabad. 38 Acres 15 Kanals 15 Marlas
Suzuki Wagon-R Vxl 1,074 453 621 626 5 Transferred
Associated Company
Interloop Holdings (Pvt) Limited - Plant 3 8 - KM, Manga Raiwind Road, Distt. Kasur, Lahore. 41 Acres 3 Kanals 8 Marlas
Suzuki Cultus Vxl 1,566 78 1,488 1,488 - Transferred
Associated Company Denim Division 8 - KM, Manga Raiwind Road, Distt. Kasur, Lahore. 26 Acres 7 Kanals 14 Marlas
Interloop Holdings (Pvt) Limited -
Honda City 1,688 731 957 957 - Transferred
Associated Company Plant 5 Chak # 106 RB, 6 - KM, By Pass Road, Khurrianwala, Faisalabad. 75 Acres 13 Kanals 13 Marlas
Interloop Holdings (Pvt) Limited -
Suzuki Cultus Vxr 1,124 564 560 559 (1) Transferred
Associated Company Apparel Unit Chak # 106 RB, 6 - KM, By Pass Road, Khurrianwala, Faisalabad. 28 Acres 3 Kanals 16 Marlas
Interloop Holdings (Pvt) Limited - Office Block Chak # 200 RB, Near Toll Plaza Gatwala, Lathianwala, Faisalabad. 2 Acres 13 Marlas 5 Sarsai 2018 - 19
598
- Transferred
Suzuki Cultus Vxr
598
1,099
501
Interloop Limited Toyota Hilux 4X2 S/C 2,027 857 1,170 1,171 1 Transferred Interloop Holdings (Pvt) Limited - Annual Report
Associated Company
Associated Company
200 201