Page 134 - InterloopAnnualReport2021

NOTES TO THE

FINANCIAL STATEMENTS

For the year ended June 30, 2021

2021 2020
Note (Rupees ‘000) (Rupees ‘000)
31.1.2 Bank guarantees issued by various banks on
behalf of the company in favour of:

Sui Northern Gas Pipelines limited (SNGPL)
against supply of gas 635,853 560,933

The Director, Excise and Taxation, Karachi against
imposition of infrastructure cess 300,853 240,853

Faisalabad Electric Supply Company (FESCO)
against supply of electricity 134,245 70,414

Punjab Revenue Authority against imposition of
infrastructure cess 11,533 11,533

State Bank of Pakistan 110,112 127,551
Total Parco Pakistan Ltd 3,000 3,000
1,195,596 1,014,284

31.1.3 Post dated cheques issued in favour of custom
authorities for release of imported goods. 5,546,980 4,284,124

31.1.4 Corporate guarantees given to banks on behalf of
IL Apparel (Pvt) Ltd - subsidiary company. – 1,750,000
31.2 Commitments
Under letters of credit for:
Capital expenditure 2,993,664 153,815
Raw materials 2,998,175 354,040
Stores and spares 38,595 16,855
6,030,434 524,710

32. SALES - NET
Export sales 32.1 50,368,323 33,326,780
Local sales 5,515,410 3,765,833
55,883,733 37,092,613
Less:
Sales discount (113,523) (246,720)
Sales tax (807,945) (543,099)
(921,468) (789,819)
54,962,265 36,302,794

32.1 It includes exchange (loss) / gain amounting to Rs. (681.474) million (2020: Rs. 204.841 million).

32.2 Revenue is disaggregated based on geographical locations of our customers. The same is disclosed in
note - 49.

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