Page 138 - InterloopAnnualReport2021

NOTES TO THE

FINANCIAL STATEMENTS

For the year ended June 30, 2021

2021 2020
Note (Rupees ‘000) (Rupees ‘000)
38. FINANCE COST
Mark up on:
Short term borrowings 537,334 601,984
Long term financing - net 406,617 381,056
Interest on workers’ profit participation fund 27.4 1,553 2,815
Interest on lease liabilities 18,068 7,649
Bank charges and commission 183,466 143,658
1,147,038 1,137,162

39. TAXATION
Current year 39.1 493,524 322,056
Prior year 87,768 (2,628)
581,292 319,428

39.1 Provision for deferred tax is not required as the Company is chargeable to tax under section 154 and
169 of the Income Tax Ordinance, 2001 and no temporary differences are expected to arise in the
foreseeable future. Reconciliation of tax expense and product of accounting profit multiplied by the
applicable tax rate is not required in view of presumptive taxation.
2021 2020
40. EARNINGS PER SHARE - BASIC AND DILUTED
40.1 Earnings per share - Basic
Profit for the year (Rupees in ‘000) 6,291,571 1,796,403
Weighted average number of ordinary shares
outstanding during the year (Numbers in’000) 872,197 872,197
Earnings per share - basic (Rupees) 7.21 2.06

40.2 Earnings per share - Diluted
No figures for diluted earnings per share have been presented as the Company has not issued any
instruments carrying options which would have an impact on earnings per share when exercised.

2021 2020
Note (Rupees ‘000) (Rupees ‘000)
41. CASH AND CASH EQUIVALENTS
Cash and bank balances 20 374,442 150,787
Short term investments - Term Deposit Receipts (TDRs) 19 – 125,044
374,442 275,831

42. RECONCILIATION OF MOVEMENT OF LIABILITIES TO CASH FLOWS ARISING FROM FINANCING ACTIVITIES
Balance Non cash Cash Balance
as on July changes Flows as on June
01, 2020 30, 2021
(Rupees ‘000)

Long term financing 7,222,513 179,929 3,250,138 10,652,580
Lease liabilities 119,694 150,647 (50,297) 220,044
Short term borrowings 14,354,861 887,752 4,393,453 19,636,066
Unclaimed dividend 2,952 2,180,494 (2,179,442) 4,004
21,700,020 3,398,822 5,413,852 30,512,694

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