Page 242 - InterloopAnnualReport2020

NOTES TO THE CONSOLIDATED

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. Abdul Rauf – Company Employee
Honda Civic 1.8L I–Vtec 2,766 1,259 1,507 1,507 – Negotiation Mr. Khawaja Nadeem Abbas – Company Employee
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
Suzuki Swift Dlx 661 118 543 519 (24)

Sub Total 74,378 37,741 36,638 33,478 (3,160)
Other assets having
book value below
Rs. 500,000 each 88,287 64,486 23,801 9,007 (14,795)

Total – 2020 179,187 114,667 64,520 42,855 (21,665)
Total – 2019 458,865 276,017 182,848 135,295 (47,553)
2020 2019
(Rupees ‘000) (Rupees ‘000)
9.1.2 Depreciation charge for the year has
been allocated as under;
Cost of sales 1,840,458 1,497,725
Administrative expenses 193,901 155,328
2,034,359 1,653,053

9.1.3 Borrowing cost capitalized during the year amounting Rs.107.501 million (2019:16.005 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)

9.2 Capital work–in–progress
Civil works 210,503 654,768
Plant and machinery 312,844 151,000
Capital stores 9.2.1 132,383 20,792
Advances to suppliers 84,037 428,144
739,767 1,254,704

9.2.1 Capital stores include factory tools and equipments, office equipments, electric installations and furniture
and fixtures that are held in store for future use and capitalization.

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