Page 188 - InterloopAnnualReport2020

NOTES TO THE UNCONSOLIDATED

FINANCIAL STATEMENTS

For the year ended June 30, 2020

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

36.3 Auditors’ remuneration
Annual audit fee 3,225 1,825
Other certification – 400
Half yearly review 600 500
Out of pocket expenses 150 150
3,975 2,875

37. OTHER OPERATING EXPENSES
Exchange loss - net 37,011 15,258
Loss on disposal of property, plant and equipment 17,534 47,091
Inventory write-off 7,125 –
Realized loss on derivative financial instruments 106,843 –
Charity and donations 37.1 175,000 350,176
Workers’ profit participation fund 28.3 112,527 285,315
Workers’ welfare fund 43,180 –
Realized/ remeasurement loss on mutual funds 37.2 5,293 15,886
Provision for impairment loss on investment in IL Bangla Ltd. 10.2 – 70,814
504,513 784,540

37.1 Donations
Names of donees’ in which a director or his spouse has an interest:
Name of Donee Interest Name of 2020 2019
in Donee Director (Rupees ‘000) (Rupees ‘000)
Interloop Welfare Trust Trustees Mr. Navid Fazal 169,369 99,223
Mr. Musadaq Zulqarnain
Mrs. Sheren Aftab
Mr. Jahanzeb Khan Banth
Mr. Muhammad Maqsood

37.2 Realized/ remeasurement loss on mutual funds;
Remeasurement loss on investment in mutual
funds – fair value through profit or loss – 20,787

Realized loss on investment in mutual funds – fair
value through profit or loss 6,496 915

Dividend income on investment in mutual funds – fair
value through profit or loss (1,203) (5,816)
5,293 15,886

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