Page 119 - InterloopAnnualReport2021

NOTES TO THE

FINANCIAL STATEMENTS

For the year ended June 30, 2021

7.2.1 Capital stores include factory tools and equipment, office equipment, electric installations and furniture
and fixtures that are held in store for future use and capitalization.

2021 2020
Note (Rupees ‘000) (Rupees ‘000)
7.3 Right of use assets
Buildings
Transition effect on initial application of IFRS-16 – 35,511
Opening balance 112,788 –
Transfer upon amalgamation 65,017 –
Additions during the year 46,500 94,112
Termination during the year (911) –
223,394 129,623
For the year depreciation 7.3.1 (41,215) (16,835)
Net book value 182,179 112,788

7.3.1 Depreciation expense relating to right of use assets - buildings of Rs. 40.844 million (2020: Rs. 12.471
million) has been charged in ‘Cost of sales’ and Rs. 0.371 million (2020: Rs. 4.364 million) in ‘Administrative
expenses’.

7.4 Details of immovable property in the name of the Company:
Usage Location Area

Chak # 76 RB. 1 - KM, Jaranwala Road,
Khurrianwala, Faisalabad. 19 Acres 7 Kanals 12 Marlas
Plant 1 Chak # 194 RB. 1 - KM, Jaranwala Road,
Khurrianwala, Faisalabad. 3 Acres 13 Marlas
Chak # 108 RB. 1 - KM, Jaranwala Road,
Khurrianwala, Faisalabad. 9 Marlas

Interloop Industrial Chak # 103 RB, 7 - KM, Jaranwala Road, 138 Acres 11 Kanals 4 Marlas 5
Park - (Plant 2, Plant Khurrianwala, Faisalabad. Sarsai
4 & Spinning unit)
Chak # 106 RB, 6 - KM, By Pass Road,
Khurrianwala, Faisalabad. 14 Acres 3 Kanals 12 Marlas

Plant 3 8 - KM, Manga Raiwind Road, Distt. Kasur, Lahore. 41 Acres 3 Kanals 8 Marlas

Denim Division 8 - KM, Manga Raiwind Road, Distt. Kasur, Lahore. 26 Acres 7 Kanals 14 Marlas

Plant 5 & Apparel unit Chak # 106 RB, 6 - KM, By Pass Road, 175 Acres 3 Kanals 14 Marlas 8
Khurrianwala, Faisalabad. Sarsai

Land Chak # 200 RB, Near Toll Plaza Gatwala,
Lathianwala, Faisalabad. 2 Acres 13 Marlas 5 Sarsai

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