Page 117 - InterloopAnnualReport2021

NOTES TO THE

FINANCIAL STATEMENTS

For the year ended June 30, 2021

7.1.1 The detail of operating fixed assets disposed / written off during the year are as follows:

Accumulated Book Sale Gain /
Description Cost Mode of Disposal Particulars of Buyers
Depreciation Value Proceeds (Loss)
(Rupees ‘000)
Assets having book value exceeding Rs. 500,000 each
Plant and Machinery
Air compressor - Atlas Copco - 1,500 943 557 100 (457) Negotiation Mr. Muhammad Safdar - House # 782, Street # 09,
SCD - 750 SBH Zulfiqar Colony, Faisalabad, Pakistan
Gas absorption chiller - Dalian 4,985 3,968 1,017 842 (175) Negotiation Mr. Abdul Aziz - House # 117, Street # 02, Sarfraz
Sanyo - D-G-22 GML Colony, Faisalabad, Pakistan
Automatic boarding 2,125 1,328 797 513 (284) Negotiation Socks & Socks (Pvt.) Limited - Associated
machine - Techopea Company
Automatic boarding 2,125 1,328 797 513 (284) Negotiation Socks & Socks (Pvt.) Limited - Associated
machine - Techopea Company
Automatic boarding 2,125 1,328 797 513 (284) Negotiation Socks & Socks (Pvt.) Limited - Associated
machine - Techopea Company

Sub Total 12,860 8,895 3,965 2,481 (1,484)
Vehicles
Toyota Corolla GLI Prosmetic 1,881 1,107 774 664 (110) Company Policy Mr. Muhammad Shoaib - Company Employee
Honda City M/T ASP 1.3 1,716 865 851 973 122 Company Policy Mr. Ali Imran Raja - Company Employee
Honda City M/T ASP 1.5 1,838 757 1,081 1,309 228 Company Policy Mr. Muhammad Shahzad Afzal - Company
Employee
Suzuki Cultus VXL 1,893 338 1,555 1,556 1 Company Policy Mr. Hassan Javed - Company Employee
Suzuki Cultus VXR 1,277 553 724 724 - Company Policy Mr. Mehboob Khaliq Ansari - Company Employee
Suzuki Cultus VXL 1,419 728 691 691 - Transferred IL Apparel (Pvt) Limited - Subsidiary Company
Toyota Corolla GLI A/T 1,931 1,132 799 664 (135) Company Policy Mr. Muhammad Awais Asghar - Company
Employee
Toyota Corolla GLI M/T 2,865 366 2,499 2,500 1 Negotiation Mr. Muhammad Zaman Khan - House # 96, Canal
Garden 203 R.B, Faisalabad, Pakistan
Toyota Corolla GLI M/T 2,837 1,663 1,174 1,004 (170) Company Policy Ms. Faryal Sadiq - Company Employee
Honda Accord 2.4 10,650 7,670 2,980 3,854 874 Company Policy Mr. Tariq Rasheed - Company Employee
Toyota Corolla GLI A/T 1,861 1,115 746 722 (24) Company Policy Mr. Jamshaid Iqbal - Company
Employee
Suzuki Ciaz GL A/T 2,116 973 1,143 1,142 (1) Company Policy Mr. Naveed Ahmad Khan - Company Employee
Toyota Corolla ALTIS 2,376 1,759 617 860 243 Company Policy Mr Shafqat Hasan Khawaja - Company Employee
Suzuki Cultus VXR 1,277 676 601 601 - Company Policy Mr. Shahid Habib - Company Employee
Toyota Fortuner 5,352 3,800 1,552 1,555 3 Negotiation Mr. Sheraz, Saeed Autos, 22C-Model Town, Jail
Road, Faisalabad, Pakistan.
Honda City M/T 1,575 1,045 530 305 (225) Company Policy Mr. Waqas Ahmed Gill - Company Employee
Suzuki Swift DLX 1,360 765 595 450 (145) Company Policy Mr. Ghulam Murtaza - Company Employee
Toyota Corolla GLI A/T 2,463 779 1,684 1,684 - Company Policy Mr. Shakeel Ahmad Anjum - Company Employee
Toyota Corolla ALTIS 2,296 1,105 1,191 1,225 34 Negotiation Mr. Sheraz, Saeed Autos, 22C-Model Town, Jail
Road, Faisalabad, Pakistan.
Suzuki Cultus VXR 1,297 625 672 191 (481) Company Policy Mr. Inam Ul Haq - Company Employee
Toyota Fortuner 4X4 4,014 1,556 2,458 1,004 (1,454) Company Policy Mr. Feroze Ahmed - Company Employee
Toyota Hilux Revo 4X4 5,851 1,794 4,057 5,550 1,493 Insurance Claim EFU General Insurance Limited
Toyota Corolla GLI 1,924 1,099 825 531 (294) Company Policy Mr. Rizwan Zahid - Company Employee
Honda City M/T 1,569 1,051 518 324 (194) Company Policy Mr. Muhammad Shahid Mehmood - Company
Employee
Honda City M/T 1,583 917 666 531 (135) Company Policy Mr. Amjad Farooq - Company Employee
Toyota Corolla GLI A/T 1,201 398 803 701 (102) Company Policy Mr. Shakeel Akhtar - Company Employee
Honda City M/T 1,577 913 664 531 (133) Company Policy Mr. Abid Ali Gill - Company Employee
Toyota Corolla GLI A/T 1,924 1,115 809 664 (145) Company Policy Mr. Saeed Hassan Bhatti - Company Employee
Toyota Corolla ALTIS 2,083 1,209 874 723 (151) Company Policy Mr. Ghulam Qasim Shaheen - Company Employee
Honda Civic Oriel 2,673 1,549 1,124 723 (401) Company Policy Mr. Akmal Nasim - Company Employee

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