Page 170 - InterloopAnnualReport2020

NOTES TO THE UNCONSOLIDATED

FINANCIAL STATEMENTS

For the year ended June 30, 2020

Accumulated Book Sale Gain /
Description Cost Depreciation Value Proceeds (Loss) Mode of Disposal Particulars of Buyers
(Rupees ‘000)
Honda City MT 1,687 675 1,012 1,015 3 Negotiation Mr. Sheraz, Saeed Autos, 22C – Model Town, Jail
Road, Faisalabad.
Honda Civic 1.8L I–Vtec 2,766 1,259 1,507 1,507 – Negotiation Mr. Sheraz, Saeed Autos, 22C – Model Town, Jail
Road, Faisalabad.
Honda City MT 1,569 959 611 519 (92) Insurance claim Security General Insurance Company
Toyota Corolla Gli 1,838 1,135 703 440 (263) Company Policy Mr. Irfan Saeed – Company Employee
Toyota Corolla Gli 1,811 1,275 536 411 (125) Company Policy Mr. Aftab Gondal – Company Employee
Honda City 1,556 1,053 503 305 (198) Company Policy Mr. Muhammad Tahir – Company Employee
Honda City MT 1,575 962 613 519 (94) Company Policy Mr. Irfan Akmal – Company Employee
Honda City MT 1,573 959 614 438 (177) Company Policy Mr. Muhammad Afzaal – Company Employee
Honda City Aspire 1,699 1,035 665 664 (1) Company Policy Mr. Muhammad Rafiq – Company Employee
Honda City MT 1,565 954 611 519 (93) Company Policy Mr. Danish Shafiq – Company Employee
Honda City MT 1,572 937 636 438 (198) Company Policy Mr. Javed Aslam – Company Employee
Honda City MT 1,575 938 637 519 (118) Company Policy Mr. Imtiaz Ahmad – Company Employee
Honda Civic 2,530 1,507 1,023 722 (301) Company Policy Mr. Waheed Iqbal – Company Employee
Honda Civic 2,530 1,507 1,023 911 (112) Company Policy Mr. Aqeel Ahmad – Company Employee
Toyota Corolla Gli 1,663 1,109 554 423 (131) Company Policy Mr. Humayun Javed – Company Employee

Sub Total 73,717 37,623 36,095 32,959 (3,136)
Other assets having
book value below
Rs. 500,000 each 88,287 64,486 23,801 9,007 (14,795)
Total – 2020 183,061 116,891 66,170 48,636 (17,534)
Total – 2019 465,546 278,989 186,557 139,466 (47,091)
2020 2019
(Rupees ‘000) (Rupees ‘000)
8.1.2 Depreciation expense for the year has
been allocated as under;
Cost of sales 1,800,919 1,490,464
Administrative expenses 179,591 150,770
1,980,510 1,641,234

8.1.3 Borrowing cost capitalized during the year amounting Rs.107.501 million (2019:16 million) calculated at the
rate ranging from 2.75% to 14.07% per annum (2019: 2.33% to 4.92% per annum).

2020 2019
Note (Rupees ‘000) (Rupees ‘000)

8.2 Capital work–in–progress
Civil works 209,268 653,047
Plant and machinery 308,734 135,550
Capital stores 8.2.1 131,616 3,913
Advances to suppliers 84,037 425,524
733,655 1,218,034

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