Page 118 - InterloopAnnualReport2021

NOTES TO THE

FINANCIAL STATEMENTS

For the year ended June 30, 2021

Accumulated Book Sale Gain /
Description Cost Mode of Disposal Particulars of Buyers
Depreciation Value Proceeds (Loss)
(Rupees ‘000)
Honda City M/T 1,587 920 667 531 (136) Company Policy Mr. Safdar Ali - Company Employee
Suzuki Swift DLX 1,359 788 571 531 (40) Company Policy Mr. Muhammad Waqas Ahsan - Company
Employee
Honda City M/T 1,582 918 664 450 (214) Company Policy Mr. Altaf Rasool - Company Employee
Toyota Corolla GLI A/T 1,902 1,296 606 275 (331) Company Policy Mr. Ali Javaid - Company Employee
KIA Picanto 2,039 510 1,529 1,560 31 Negotiation Mr. Sheraz, Saeed Autos, 22C-Model Town, Jail
Road, Faisalabad, Pakistan.
Suzuki Cultus VXL 691 92 599 701 102 Company Policy Ms. Arshia Zia - Company Employee
Honda City M/T 1,587 909 678 450 (228) Company Policy Ms. Ghazala Kanwal - Company Employee
Suzuki Cultus VXL 1,419 845 574 500 (74) Company Policy Mr. Maqbool Alam Baig - Company Employee
Honda City M/T 1,577 939 638 450 (188) Company Policy Mr. Muhammad Amjad - Company Employee
Honda City M/T 1,587 909 678 450 (228) Company Policy Mr. Muhammad Toufique - Company Employee
Toyota Corolla XLI 1,771 1,178 593 415 (178) Company Policy Mr. Muhammad Tariq - Company Employee
Honda Civic Turbo 2,735 1,609 1,126 450 (676) Company Policy Mrs. Rahat Naseem - Company Employee
Honda City M/T 1,582 931 651 450 (201) Company Policy Mr. Noman Rasheed - Company Employee
Toyota Corolla ALTIS 3,554 1,307 2,247 2,250 3 Negotiation Mr. Sheraz, Saeed Autos, 22C-Model Town, Jail
Road, Faisalabad, Pakistan.
Suzuki Cultus VXL 1,566 611 955 1,500 545 Insurance Claim EFU General Insurance Limited
Toyota Yaris CVT 2,869 - 2,869 2,810 (59) Negotiation Mr. Sheraz, Saeed Autos, 22C-Model Town, Jail
Road, Faisalabad, Pakistan.
Toyota Corolla ALTIS 2,657 1,358 1,299 1,298 (1) Transferred Interloop Holdings (Pvt) Limited - Associated
Company
Sub Total 106,743 54,542 52,201 49,027 (3,174)
Other assets having book
value below Rs. 500,000 each 116,644 90,668 25,976 39,340 13,364
Total - 2021 236,247 154,105 82,142 90,848 8,706
Total - 2020 183,061 116,891 66,170 48,636 (17,534)

2021 2020
Note (Rupees ‘000) (Rupees ‘000)

7.1.2 Depreciation expense for the year has
been allocated as under;
Cost of sales 33 2,054,495 1,800,919
Administrative expenses 35 225,118 179,591
2,279,613 1,980,510

7.1.3 Borrowing cost capitalized during the year was Nil (2020: Rs. 107.501 million calculated @ 2.75% to
14.07%).
2021 2020
Note (Rupees ‘000) (Rupees ‘000)
7.2 Capital work-in-progress
Civil works 1,216,376 209,268
Plant and machinery 547,137 308,734
Capital stores 7.2.1 129,762 131,616
Advances to suppliers 650,414 84,037
2,543,689 733,655

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