Page 243 - InterloopAnnualReport2020

NOTES TO THE CONSOLIDATED

FINANCIAL STATEMENTS

For the year ended June 30, 2020

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

9.3 Right of use assets
Buildings
Transition effect on initial application 119,367 –
Additions during the year 125,247 –
244,614 –
Opening balance – –
For the year depreciation 9.3.1 41,636 –
41,636 –
Net book value 202,978 –

9.3.1 Depreciation expense relating to right of use assets – buildings of Rs. 37,272 thousand has been charged in
‘Cost of sales’ and Rs. 4,364 thousand in ‘Administrative expenses’.

9.4 Details of immovable property in the name of the Company:

Usage Location Area
Plant 1 Chak # 76 RB. 1 – KM, Jaranwala Road,
Khurrianwala, Faisalabad. 19 Acres 7 Kanals 12 Marlas
Chak # 194 RB. 1 – KM, Jaranwala Road,
Khurrianwala, Faisalabad. 3 Acres 13 Marlas
Chak # 108 RB. 1 – KM, Jaranwala Road,
Khurrianwala, Faisalabad. 9 Marlas

Interloop Industrial Park – Chak # 103 RB, 7 – KM, Jaranwala Road, 99 Acres 3 Kanals 9 Marlas 5
(Plant 2, Plant 4 & Khurrianwala, Faisalabad. Sarsai
Spinning) Chak # 106 RB, 6 – KM, By Pass Road,
Khurrianwala, Faisalabad. 14 Acres 3 Kanals 12 Marlas
Chak # 103 RB, 7 – KM, Jaranwala Road,
Khurrianwala, Faisalabad. 39 Acres 7 Kanals 15 Marlas

Plant 3 8 – KM, Manga Raiwind Road, Distt. Kasur, Lahore. 41 Acres 3 Kanals 8 Marlas

Denim Division 8 – KM, Manga Raiwind Road, Distt. Kasur, Lahore. 26 Acres 7 Kanals 14 Marlas

Plant 5 Chak # 106 RB, 6 – KM, By Pass Road, 105 Acres 4 Kanals 2 Marlas 8
Khurrianwala, Faisalabad. Sarsai

Apparel Unit Chak # 106 RB, 6 – KM, By Pass Road, 28 Acres 3 Kanals 16 Marlas
Khurrianwala, Faisalabad.

Land Chak # 200 RB, Near Toll Plaza Gatwala, 2 Acres 13 Marlas 5 Sarsai
Lathianwala, Faisalabad.

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