Page 100 - InterloopAnnualReport2021

STATEMENT OF

CASH FLOWS

For the year ended June 30, 2021

2021 2020
(Rupees ‘000) (Rupees ‘000)
a) CASH FLOWS FROM OPERATING ACTIVITIES
Profit before taxation 6,872,863 2,115,831
Adjustments for:
Depreciation 2,279,613 1,980,510
Amortization 18,329 14,931
Depreciation on right of use assets 41,215 16,835
Workers’ welfare fund 140,262 43,180
Workers’ profit participation fund 369,111 112,527
Staff retirement gratuity 857,791 783,277
Loss on disposal of non current assets 19,535 17,534
Exchange (gain)/loss - net (36,056) 37,011
Inventory write-off 434 7,125
Realized loss on derivative financial instruments 27,251 106,843
Unrealized loss on derivative financial instruments 33,074 –
Remeasurement loss on investment in mutual funds – 5,293
Profit on term deposit receipts (TDRs) (3,088) (36,131)
Profit on term finance certificates (TFCs) (45,624) (55,606)
Interest on loan to Metis International (Pvt) Ltd (1,152) (1,356)
Reversal of impairment loss (70,814) –
Interest on receivables from IL Bangla Limited (5,308) (5,796)
Finance cost 1,147,038 1,137,162
Operating cash flows before working capital changes 11,644,474 6,279,170
Changes in working capital
(Increase)/decrease in current assets
Stores and spares (126,666) (174,865)
Stock in trade (2,056,846) (2,535,259)
Trade debts (7,632,722) 1,040,349
Loans and advances (469,075) 571,644
Prepayment and other receivables (114,482) 17,322
Tax refunds due from government (1,876,611) (218,701)
Short term investment in mutual funds - net – 125,603
Increase/(decrease) in current liabilities
Trade and other payables 2,071,469 (433,974)
(10,204,933) (1,607,881)
Cash generated from operations 1,439,541 4,671,289
Finance cost paid (1,097,987) (1,049,053)
Income tax paid (531,448) (448,202)
Staff retirement gratuity paid (281,467) (122,931)
Workers’ profit participation fund paid (119,000) (288,315)
Long term loans paid (88,237) (42,293)
Long term deposits paid (16,505) (10,318)
Settlement of derivative financial instruments (27,251) (106,843)
Profit on term deposit receipts (TDRs) received 3,132 36,131
Exchange gain/(loss) - net 11,538 (37,011)
Net cash (used in)/generated from operating activities (707,684) 2,602,454

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