Page 137 - InterloopAnnualReport2021

NOTES TO THE

FINANCIAL STATEMENTS

For the year ended June 30, 2021

2021 2020
Note (Rupees ‘000) (Rupees ‘000)
36. OTHER OPERATING EXPENSES
Exchange loss - net – 37,011
Loss on disposal of non current assets 19,535 17,534
Inventory write-off 434 7,125
Realized loss on derivative financial instruments 27,251 106,843
Unrealized loss on derivative financial instruments 33,074 –
Charity and donations 36.1 329,812 175,000
Workers’ profit participation fund 27.4 369,111 112,527
Workers’ welfare fund 140,262 43,180
Realized/ remeasurement loss on mutual funds 36.2 – 5,293
919,479 504,513

36.1 Charity and donations
Names of donees’ in which a director or his spouse has an interest:

Name of Donee Interest Name of 2021 2020
in Donee Director / Spouse (Rupees ‘000) (Rupees ‘000)
Mr. Navid Fazil 76,700 169,369
Mr. Musadaq Zulqarnain
Interloop Welfare Trust Trustees Mrs. Shereen Aftab
Mr. Jahanzeb Khan Banth
Mr. Muhammad Maqsood
Lyallpur Literary Council Trustees Mr. Musadaq Zulqarnain 800 –
Mrs. Nazia Navid
77,500 169,369

2021 2020
(Rupees ‘000) (Rupees ‘000)

36.2 Realized / remeasurement loss on mutual funds;
Realized loss on investment in mutual funds -
fair value through profit or loss – 6,496

Dividend income on investment in mutual funds -
fair value through profit or loss – (1,203)
– 5,293

37. OTHER INCOME
Income from financial assets
Interest on loan to Metis International (Pvt) Ltd 1,152 1,356
Exchange gain - net 36,056 –
Profit on term deposit receipts (TDRs) 3,088 36,175
Profit on term finance certificates (TFCs) 45,624 55,606
Interest on receivables from IL Bangla Limited 5,308 5,796
Reversal of impairment loss 70,814 –
Other income- mutual funds 683 –
Income from non-financial assets
Scrap sales 187 68
162,912 99,001

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