Page 251 - InterloopAnnualReport2020

NOTES TO THE CONSOLIDATED

FINANCIAL STATEMENTS

For the year ended June 30, 2020

Information about outstanding number of options at the end of the year is as follows:

2020 2019
(Numbers ‘000)
Options outstanding at the beginning of the year 570 1,399
Options declined/lapsed but subsequently offered – 426
Options exercised during the year – (790)
Options expired/lapsed during the year (570) (465)
Options outstanding at the end of the year – 570

2020 2019
Note (Rupees ‘000) (Rupees ‘000)
25. RESERVES
Capital reserve
Share premium 25.1 3,791,602 3,791,603
Revenue reserve
Translation reserves 79,044 52,620
3,870,646 3,844,223

25.1 This represents premium received over and above face value of the shares issued to institutional investors,
high net worth individuals and general public through initial public offering (IPO) and employees of the
Company through employees stock option scheme (ESOS). This reserve can be utilized by the Company
only for the purposes specified in section 81 of the Companies Act, 2017.

2020 2019
Note (Rupees ‘000) (Rupees ‘000)
26. LONG TERM FINANCING
From financial institutions – secured
Diminishing musharika 26.1 3,504,615 2,140,117
Syndicated finance facility 26.2 271,429 542,857
Syndicated finance facility (BMR) 26.3 53,449 96,208
Islamic long term finance facility – ILTFF 26.4 2,431,785 696,754
Refinance for Salaries 26.5 687,161 –
Long term financing facility – LTFF 26.6 335,179 –
Demand finance loan 26.7 1,480 –
7,285,098 3,475,936
From related party – unsecured
Interloop Holdings (Pvt) Limited – associated company – 1,400,000
7,285,098 4,875,936
Less: Current portion of long term financing (374,919) (1,247,191)
6,910,179 3,628,745

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