Page 261 - InterloopAnnualReport2020

NOTES TO THE CONSOLIDATED

FINANCIAL STATEMENTS

For the year ended June 30, 2020

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

37.3 Auditors’ remuneration
Annual audit fee 3,525 1,950
Other certification 100 400
Half yearly review 600 500
Out of pocket expenses 150 150
4,375 3,000

38. OTHER OPERATING EXPENSES
Exchange loss - net 37,067 15,272
Loss on disposal of property, plant and equipment 9.1.1 21,665 47,553
Inventory write-off 7,125 –
Realized loss on derivative financial instruments 112,220 –
Charity and donations 38.1 175,000 350,176
Workers’ profit participation fund 29.3 112,527 285,315
Workers’ welfare fund 43,570 –
Realized/ remeasurment loss on mutual funds 38.2 5,293 15,886
514,467 714,202
38.1 Charity and donations
Donations include the following 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

38.2 Loss on mutual funds measured at fair value
through profit or loss;
Remeasurement loss on investment in mutual funds – fair
value through profit or loss – 20,787

Realised 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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