|
|
Cash Flow Statement
For the year ended June 30, 2004
|
| |
|
Note |
2004
Rupees |
2003
Rupees |
| |
| Cash Flows From
Operation Activities |
| |
| Profit before taxation |
|
5,762,520 |
|
3,436,554 |
| Adjustment for non-cash charges
and other items |
|
|
|
|
|
Depreciation of tangible fixed
assets |
|
4,418,558 |
|
4,202,962 |
|
Amortisation of intangible asset |
|
83,750 |
|
83,750 |
|
Depreciation on
investment property |
|
257,412 |
|
257,412 |
|
Provision for staff gratuity |
|
877,764 |
|
675,814 |
|
Provision for accumulating
compensated staff benefits |
|
430,595 |
|
636,594 |
|
Provision for doubtful debts |
|
912,770 |
|
2,798,901 |
|
Provision for slow moving items |
|
21,290 |
|
433,835 |
|
Financial charges |
|
3,851,279 |
|
6,143,596 |
|
Gain on disposal of fixed assets |
|
(1,229,473) |
|
(729,953) |
|
Profit on savings bank accounts |
|
(17,052) |
|
(108,176) |
| |
| |
|
15,369,413 |
|
17,831,289 |
| |
| Working capital changes |
| |
(Increase)/decrease in current
assets |
|
|
|
|
| |
Stock in trade
Trade debts
Loan, advances, deposits, prepayments and other receivables |
|
(2,500,461)
(25,417)
1,428,540 |
|
9,275,749
13,702,921
546,461 |
| |
Increase / (decrease) in
current liabilities |
|
|
|
|
| |
Short term finances
Creditors, accrued and other liabilities |
|
(2,324,680)
(2,414,359) |
|
(35,500,000)
175,257 |
| Cash generated from operations
|
|
9,533,036 |
|
6,031,677 |
| |
|
|
|
|
| |
Financial charges paid
Dividend paid
Staff gratuity paid
Accumulating compensated staff benefits paid
Income tax paid
Long term deposits
Profit on savings bank accounts received |
|
(3,888,160)
(1,029,446)
(877,764)
(95,372)
(5,994,726)
(62,892)
38,047 |
|
(7,339,627)
(585)
(675,814)
(281,741)
(4,317,020)
752,795
113,938 |
| |
|
|
|
|
|
| Net cash from operator
activities |
|
(2,377,277) |
|
(5,716,377) |
| |
|
|
|
|
|
| Cash flow from investing
activities |
|
|
|
|
| |
|
|
|
|
|
| |
Purchase of tangible fixed assets
Purchase of intangible asset
Proceeds from disposal of tangible fixed assets |
|
(646,791)
-
1,437,781 |
|
(5,557,846)
(335,000)
5,186,530 |
| |
|
|
|
|
| Net cash from / (used in)
investing activities |
|
790,990 |
|
(706,316) |
| |
|
|
|
|
|
| Cash flow from financing
activities |
|
|
|
|
| |
Payments for liabilities against
assets subject
to finance lease
Repayment of long term loans
Proceeds from redeemable capital
Repayment of redeemable capital |
|
(2,109,149)
(4,000,000)
5,000,000
(3,875,000) |
|
(1,194,981)
(14,996,650)
10,000,000
(666,667) |
| |
|
|
|
|
|
| Net cash used in financing
activities |
|
(4,984,149) |
|
(6,858,298) |
| |
|
|
|
|
|
Net decrease in cash
equivalents
Cash and the cash equivalents at the
beginning of the year |
|
(6,570,436)
(3,794,868)
|
|
(13,280,991)
9,486,123
|
Cash and the cash equivalents at
the end of
the year |
31 |
(10,365,304) |
|
(3,794,868) |
| |
|
|
|
|
|
| |
|
|
|
|
|
| |
|
The annexed notes from
1 to 38 form an integral part of these financial statements. |
|
|
|
Imran Azim |
|
Amber H. Saigol
|
|
|
|
Chief Executive |
|
Chairperson |
|
|
