Page 186 - InterloopAnnualReport2020

NOTES TO THE UNCONSOLIDATED

FINANCIAL STATEMENTS

For the year ended June 30, 2020

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

34. COST OF SALES
Raw material consumed 34.1 17,004,146 15,658,024
Stores and spares consumed 34.2 1,101,147 854,199
Knitting, Processing & Packing Charges 124,469 11,897
Salaries, wages and benefits 34.3 7,122,873 5,529,513
Staff retirement gratuity 27.1.3 670,052 440,739
Fuel and power 1,987,473 2,261,283
Repairs and maintenance 192,329 129,103
Insurance 49,197 52,250
Depreciation 8.1.2 1,800,919 1,490,464
Depreciation on right of use assets 8.3.1 12,471 –
Amortization 9.1.1 5,577 –
Rent, rate and taxes 526 25,676
Other manufacturing costs 154,313 235,444
30,233,432 26,688,592
Work in process
Opening balance 597,562 471,276
Closing balance (589,622) (597,562)
7,940 (126,286)
Cost of goods manufactured 30,225,492 26,562,306

Finished goods
Opening balance 1,954,089 1,484,177
Closing balance (3,089,208) (1,954,089)
(1,135,119) (469,912)
29,098,313 26,092,394
Duty drawback (659,237) (568,787)
28,439,076 25,523,607

34.1 Raw material consumed
Opening balance 3,730,840 3,166,265
Purchases 18,405,101 16,222,599
22,135,941 19,388,864
Closing balance (5,131,795) (3,730,840)

17,004,146 15,658,024

34.2 Stores and spares consumed
Opening balance 887,659 779,198
Purchases 1,276,012 962,660
2,163,671 1,741,858
Closing balance (1,062,524) (887,659)
1,101,147 854,199

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