Page 279 - InterloopAnnualReport2020

NOTES TO THE CONSOLIDATED

FINANCIAL STATEMENTS

For the year ended June 30, 2020

54. EVENTS AFTER REPORTING PERIOD
The Board of Directors of the Holding company in their meeting held on September 16, 2020 have proposed a final
cash dividend for the year ended June 30, 2020 of Rs. 1 per share, amounting to Rs. 872.2 million (2019: Rs. 1,526.34
million) for approval of the members at the Annual General Meeting of the Holding company.

The Board of Directors of the Holding company in their meeting held on September 16, 2020 has decided to amend
the rules of the Employee Stock Option Scheme (Scheme) of the Holding company, subject to the approval of the
members of the Holding company, by a special resolution at the upcoming Annual General Meeting & the SECP amid
required amendments in the constituting documents and also subject to any amendments that may be required by the
SECP or recommended by the Holding company and approved by the SECP. Consequently, 2,797,450 (two million
seven hundred ninety seven thousand four hundred fifty) fully paid & non-listed, non-voting ordinary shares which have
been granted, vested, exercised and/or issued to the eligible employees in terms of this Scheme shall be deemed to
have been converted to the ordinary shares from the date of those requisite approvals.

55. DATE OF AUTHORIZATION FOR ISSUE
The financial statements were authorized for issue on September 16, 2020 by the Board of Directors of the Holding
company.

56. GENERAL
56.1 Corresponding figures
Corresponding figures have been rearranged and reclassified wherever necessary for the purpose of better
presentation. However, during the year following reclassification is made in the corresponding figures.

Particulars From To (Rupees ‘000)
Accrued interest on loan Deposit, Prepayment Accrued income 10,441
to Metis International And Other Receivables -
(Pvt) Limited ‘Other Receivables’

56.2 Following nomenclature has been changed during the year
Previous year nomenclature Current year nomenclature
Dividend payable Unclaimed dividend
Loss on mutual funds measured at fair value Realized/ remeasurement loss on mutual funds
through profit or loss
56.3 Rounding
Figures have been rounded off to the nearest thousand.

Chief Executive Officer Director Chief Financial Officer

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