Page 125 - InterloopAnnualReport2021

NOTES TO THE

FINANCIAL STATEMENTS

For the year ended June 30, 2021

2021 2020
(Rupees ‘000) (Rupees ‘000)
20. CASH AND BANK BALANCES
Cash in hand 18,287 14,169
Cash at banks
In current accounts 338,095 76,510
In foreign currency accounts 18,060 60,108
356,155 136,618
374,442 150,787

21. AUTHORIZED SHARE CAPITAL
2020 2021 2020 2021 2020
(Number of shares in ‘000) (Rupees ‘000) (Rupees ‘000)

1,000,000 965,000 Ordinary shares of Rs. 10 each 10,000,000 9,650,000
– 35,000 Non-voting ordinary shares
of Rs. 10 each – 350,000
1,000,000 1,000,000 10,000,000 10,000,000

21.1 Pursuant to conversion of non voting ordinary shares into voting ordinary shares (as detailed in Note
22.1), clause V of the memorandum of association of the Company was accordingly amended in light of
proposed conversion/change in class of share capital which was approved by SECP on March 03, 2021.

22. ISSUED, SUBSCRIBED AND PAID UP CAPITAL
2020 2021 2020 2021 2020
(Number of shares in ‘000) Note (Rupees ‘000) (Rupees ‘000)

132,166 130,900 Ordinary shares of Rs. 10 each
fully paid in cash 1,321,662 1,309,000
740,031 738,500 Ordinary shares of Rs. 10 each
issued as fully paid bonus
shares 7,400,313 7,385,000
– 1,266 Non-voting ordinary shares of
Rs. 10 each fully paid in
cash 22.1 – 12,662
– 1,531 Non-voting ordinary shares
of Rs. 10 each issued as
fully paid bonus shares – 15,313
872,197 872,197 8,721,975 8,721,975

22.1 Employees Share Option Scheme (ESOS)
Interloop Limited (“the Company”) had introduced its Employee Stock Option Scheme, 2016 (“the
Scheme”), whereby certain amendments have been approved by the shareholders of the Company in its
Annual General Meeting held on October 15, 2020 in the Scheme with the context of listed Companies
regulations owing to its listing on Pakistan Stock Exchange (PSX) during year 2019. The Scheme had
originally been approved by the members in the general meeting held on December 31, 2015 and by
SECP through its letter no. SMD/CIW/ESOS/01/2016 dated September 01, 2016.
Apart from the requisite amendments made under the approval of the SECP, there had been no further
consequential changes made to the Scheme. The legislative changes made in the constitutional law as
indexed below may be taken as incorporated;

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