Page 139 - InterloopAnnualReport2021
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NOTES TO THE
FINANCIAL STATEMENTS
For the year ended June 30, 2021
2021 2020
43. NUMBER OF EMPLOYEES
Average number of employees during the year 22,789 20,004
Number of employees at end of the year 25,378 21,104
44. NET ASSETS ACQUIRED UPON AMALGAMATION
As disclosed in note 2, the detail of net assets of ILA transferred to the Company are given below:
January 31, 2021
(Rupees ‘000)
ASSETS
NON CURRENT ASSETS
Property, plant and equipment 727,950
Intangible assets 3,403
Long term deposits 5,636
Long term loans 5,642
742,631
CURRENT ASSETS
Stock in trade 409,271
Stores and spares 9,926
Trade debts 212,827
Loans and advances 16,802
Deposit, prepayment and other receivables 4,461
Tax refunds due from government 93,773
Cash and bank balances 10,693
757,753
1,500,384
LIABILITIES
NON CURRENT LIABILITIES
Long term financing 78,234
Lease liabilities 57,314
Deferred liabilities 45,852
181,400
CURRENT LIABILITIES
Trade and other payables 49,386
Accrued mark up 4,116
Short term borrowings 887,752
Current portion of non current liabilities 137,234
1,078,488
1,259,888
Net assets of Investment Segment 240,496
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