Page 249 - InterloopAnnualReport2020

NOTES TO THE CONSOLIDATED

FINANCIAL STATEMENTS

For the year ended June 30, 2020

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

20. SHORT TERM INVESTMENT
Mutual Funds – Fair value through profit or loss:
Alfalah GHP Alfa Fund – 17,306
Alfalah GHP Sovereign Fund – 58,944
Meezan Islamic Fund – 34,795
Meezan Sovereign Fund – 7
NAFA Financial Sector Income Fund – 909
NAFA Stock Fund – 16,986
NAFA Money Market Fund – 1,555
UBL Government Securities Fund – 394
– 130,896
Term Deposit Receipts (TDRs) – Amortized cost: 20.1
The Bank of Punjab – 150,347
Allied Bank 125,044 –
National Bank of Pakistan – 790,908
125,044 941,255
Sales Tax Refund Bonds – Amortized cost:
FBR Refund Settlement Company (Private) Limited – 135,100
125,044 1,207,251

20.1 Short term investment in TDRs earned interest at effective rate of 6.40% to 12.60% per annum (2019: 11.55%
to 12.05% per annum). Accrued profit amounting to Rs. 0.044 million (2019: Rs. 1.255 million) is included in
the carrying value.

2020 2019
(Rupees ‘000) (Rupees ‘000)
21. TAX REFUNDS DUE FROM GOVERNMENT
Duty drawback 458,373 647,238
Sales tax refundable 1,056,098 418,427
Income tax refundable 1,013,853 883,453
2,528,424 1,949,118

22. CASH AND BANK BALANCES
Cash in hand 16,010 27,837
Cash at banks
In current accounts 83,981 1,443,807
In foreign currency accounts 61,089 71,263
145,070 1,515,070
161,080 1,542,907

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