Page 98 - InterloopAnnualReport2020
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COMMENTARY ON ANALYSIS
OF STATEMENT OF FINANCIAL
POSITION
Assets
Non current assets
Non current assets mainly includes property, plant & equipment, which has increased by PKR 11,301 Million on account of
continuous expansion of production facilities and balancing, modernizing and replacement of existing manufacturing facilities
and other routine capex investments.
Current Assets
Current assets mainly includes stock in trade and trade debts, which have increased steadily over the period on account of
expansion in operations.
Equity & Liabilities
Equity
Issuance of bonus shares and equity injection as a result of IPO in FY 2019 has resulted in an increase in share capital over the
period of six years from PKR 1,896 Million in FY 2015 to 8,722 Million in FY 2020 representing an increase of 360%. Reserves
of the company have increased from PKR 7,522 Million in FY 2015 to PKR 8,558 Million in FY 2020 representing an increase
of 14%.
Non current liabilities
Non current liabilities includes long term financing and deferred liabilities. Long term financing has increased over the course
of Six years on account of financing expansion of production facilities and deferred liabilities has increase over the period on
account of increase in staff retirement gratuity.
Current Liabilities
Current liabilities mainly includes trade and other payables and short term financing, which has increased due to increase in
operations.
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