Page 169 - InterloopAnnualReport2020

NOTES TO THE UNCONSOLIDATED

FINANCIAL STATEMENTS

For the year ended June 30, 2020

8.1.1 The detail of operating fixed assets disposed / written off during the year are as follows:

Description Cost Accumulated Book Sale Gain / Mode of Disposal Particulars of Buyers
Depreciation Value Proceeds (Loss)
(Rupees ‘000)
Assets having book value exceeding Rs. 500,000 each
Plant and Machinery
Generator Cummins 500 Kva –Unit III 4,535 2,342 2,193 6,300 4,107 Negotiation IL Apparel (Pvt) Limited – Subsidiary Company
Suction Blower System 581 76 505 100 (405) Negotiation Socks & Socks Private Limited
Air Washer System 12,300 9,551 2,749 270 (2,479) Negotiation Abdul Rasheed – Dar Ul Ahsan Town, Samundri
Road, Faisalabad
Gas Genset – Ge Jenbacher – J 620
Gse01 (Old Parts Scraped Due
To Overhauling Of Generator) 3,640 2,813 827 – (827) Scraped Mr. Abdul Aziz – Dar Ul Ahsan Town, Samundri
Road, Faisalabad
Sub Total 21,056 14,782 6,274 6,670 396
Vehicles
Toyota Corolla Gli 1,771 1,030 740 658 (82) Company Policy Mr. Shahid Butt – Company Employee
Honda Civic 1.8L I–Vtec Oriel 2,585 1,306 1,280 1,280 – Transferred Interloop Holdings (Pvt) Limited – Associated
Company
Honda Civic Vti Ptsr Nav 2,670 534 2,136 2,136 – Transferred Interloop Holdings (Pvt) Limited – Associated
Company
Honda City MT 1,567 831 735 735 – Transferred Interloop Holdings (Pvt) Limited – Associated
Company
Honda City PT 1.3 1,731 622 1,109 1,109 – Transferred Interloop Holdings (Pvt) Limited – Associated
Company
Honda City MT 1,719 411 1,308 1,308 – Transferred Interloop Holdings (Pvt) Limited – Associated
Company
Honda City PT 2,106 240 1,867 1,900 33 Negotiation Mr. Muhammad Aamir Tanveer – Company
Employee
Honda City Aspire 1,852 1,041 811 658 (153) Company Policy Syed Mustafa Ali – Company Employee
Suzuki Swift Dlx 1,360 546 814 1,250 436 Insurance claim UBL Insurers limited
Toyota Corolla Gli 1,771 1,037 733 658 (75) Company Policy Mr. Saeed Ahmad – Company Employee
Suzuki Swift Dlx 1,440 436 1,004 1,350 346 Insurance claim EFU General insurance
Toyota Corolla Gli 1,900 1,008 892 892 – Transferred Interloop Holdings (Pvt) Limited – Associated
Company
Toyota Corolla Gli 2,947 246 2,701 2,702 1 Negotiation Mr. Muhammad Younas Malik, Chak # 153RB,
Tehseel Chak Jhumra, Faisalabad.
Honda City MT 1,551 1,045 506 260 (246) Company Policy Mr. Qasim Noor Ellahi – Company Employee
Honda City Aspire 1,698 981 717 519 (198) Company Policy Mr. Salman Tahir – Company Employee
Suzuki Swift Dlx 1,335 774 561 519 (42) Company Policy Mr. Muhammad Kashif – Company Employee
Suzuki Swift Dlx 1,412 547 865 881 16 Negotiation Mr. Muhammad Bilal Iqbal – Employee
Honda City Aspire MT 1,700 1,009 691 519 (172) Company Policy Mr. Muhammad Ilyas Kanwal – Company Employee
Toyota Corolla Xli 1,685 1,166 519 411 (108) Company Policy Mr. Irfan Nazir – Company Employee
Toyota Corolla Gli 1,683 1,165 519 411 (107) Company Policy Mr. Muhammad Fauz Ul Azeem – Company
Employee
Honda City Aspire Pros 1,843 1,094 749 438 (311) Company Policy Mr. Waqar Ahmad Siddique – Company Employee
Honda City Aspire MT 1,685 1,156 529 260 (269) Company Policy Mr. Muhammad Asaf Raza – Company Employee
Suzuki Swift Dlx 1,335 795 540 519 (21) Company Policy Mr. Shahbaz Tahir – Company Employee
Honda City Aspire 1,700 1,010 691 519 (172) Company Policy Mr. Maqbool Ahmad – Company Employee
Honda City MT 1,566 930 636 519 (117) Negotiation Mr. Imran Sadiq – Company Employee
Suzuki Swift Dlx 1,595 399 1,196 1,200 4 Negotiation Mr. Sheraz, Saeed Autos, 22C – Model Town, Jail
Road, Faisalabad.

167