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Notes To The Accounts (Un Audited)
For The Third Quarter Ended March 31,2006
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| 1 |
These accounts are unaudited and are being presented as
required under IAS 34 " Interim Financial Reporting" and
section 245 of Companies Ordinance 1984.
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| 2 |
The accounting policies for the preparation of
these accounts are the same as those applied in the
preparation of the preceeding annual pulished accounts of
the company.
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| 3 |
Figures for previous nine months have been re-arranged
wherever necessary for the purpose of comparision.
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Nine Months
Ended |
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Quarter
Ended |
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March 31
2006 |
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March 31
2005 |
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March 31
2006 |
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March 31
2005 |
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Rupees |
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Rupees |
|
Rupees |
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Rupees |
| 4 |
Sales |
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Gross Sales
Sales tax |
210,868,366
(27,542,880) |
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193,360,312
(25,257,375) |
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73,173,839
(9,574,922) |
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65,424,473
(8,536,436) |
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183,325,486 |
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168,102,937 |
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63,598,917 |
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56,888,037 |
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| 5 |
Cost of Sales |
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Opening Stock |
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Raw materials
Packing material |
2,909,625
4,074,163 |
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4,234,494
2,995,405 |
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4,111,717
3,419,980 |
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2,897,412
3,739,911 |
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6,983,788 |
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7,229,899 |
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7,531,697 |
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6,637,323 |
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Add: Purchases |
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Raw materials
Packing materials |
139,785,320
26,520,613 |
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96,252,241
15,644,441 |
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64,488,934
13,403,090 |
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32,769,845
3,833,072 |
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166,305,933 |
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111,896,682 |
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77,892,024 |
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36,602,917 |
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173,289,721 |
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119,126,581 |
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85,423,721 |
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43,240,240 |
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Less: Closing Stock |
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Raw materials
Packing materials |
29,960,482
4,174,019 |
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3,205,315
3,690,124 |
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29,960,482
4,174,019 |
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3,205,315
3,690,124 |
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34,134,501 |
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6,895,439 |
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34,134,501 |
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6,895,439 |
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Raw and Packaging Material
Consumed |
139,155,220 |
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112,231,142 |
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51,289,220 |
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36,344,801 |
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Salaries, wages,
benefits & other staff welfare
Excise duty
Rent, rates & taxes
Insurance
Electricity, gas and water
Printing, and stationery
Postage and telephone
Repairs & maintenance
Travelling & conveyance
Entertainment
Vehicle running and maintenance
Operating lease rentals
Depreciation
General supplies and utilities |
3,930,529
17,966,905
1,258,346
246,021
1,014,427
34,247
21,310
288,042
21,949
74,000
165,609
34,620
2,186,277
103,609 |
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3,793,924
19,076,523
1,255,216
242,879
1,072,433
14,233
19,987
312,523
17,640
162,000
70,407
103,860
2,238,821
130,443 |
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1,429,352
5,487,480
416,328
90,471
358,413
13,010
8,750
95,202
3,570
25,000
70,424
-
712,455
36,880 |
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1,260,778
6,095,752
414,532
97,449
386,967
2,930
7,765
81,449
5,655
17,000
36,312
34,620
808,429
47,351 |
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Cost of Good Manufactured |
166,501,111 |
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140,742,031 |
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60,036,555 |
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45,641,790 |
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Finished Goods |
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Opening stock
Closing stock |
7,431,717
(18,448,407) |
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10,936,426
(12,232,027) |
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13,284,006
(18,448,407) |
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15,015,761
(12,232,027) |
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(11,016,690) |
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(1,295,601) |
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(5,164,401) |
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2,783,734 |
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155,484,421 |
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139,446,430 |
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54,872,154 |
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48,425,524 |
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| 8 |
Distribution Expenses |
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Salaries, wages, benefits &
other staff welfare expenses
Transportation
Advertising and sales promotion
Rent, rates and taxes
Insurance
Electricity, gas and water
Printing & stationery
Postage and telephone
Laboratory expenses
Depreciation
Repairs & maintenance
Travelling & conveyance
Entertainment
Vehicle running & maintenance
Operating lease rentals
Provision of doubtful debts
Fee & subscription
General supplies & utilities |
7,992,669
4,563,159
1,091,339
207,486
72,214
281,213
151,399
347,361
206,546
217,718
86,505
673,057
176,576
567,738
187,393
493,812
50,672
100,797 |
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7,153,831
4,069,304
1,617,916
206,431
71,964
312,032
95,290
319,622
58,180
224,810
129,829
559,636
167,724
394,064
381,744
377,260
47,781
56,030 |
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2,684,379
1,535,125
619,386
94,324
28,514
70,609
65,961
113,417
63,115
72,573
20,858
289,629
60,010
185,081
11,890
218,144
13,811
30,506 |
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2,294,867
1,076,805
571,130
93,839
28,277
100,766
28,069
95,526
21,891
74,515
17,080
181,319
76,922
147,305
127,248
329,070
23,313
21,887 |
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17,467,653 |
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16,243,448 |
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6,177,331 |
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5,309,829 |
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Nine Months
Ended |
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Quarter
Ended |
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March 31
2006 |
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March 31
2005 |
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March 31
2006 |
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March 31
2005 |
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Rupees |
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Rupees |
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Rupees |
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Rupees |
| 7 |
Administrative Expenses |
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Salaries, wages, benefits &
other staff welfare expenses
Rent, rates and taxes
Insurance
Electricity, gas and water
Printing & stationery
Postage and telephone
Repairs & maintenance
Traveling & conveyance
Entertainment
Vehicle running & maintenance
Operating lease rentals
Depreciation
Amortisation of intangible assets
Fee &Subscription
Legal & professional
Auditors' remuneration
Donation
General supplies & utilities |
8,394,838
138,148
166,133
280,910
227,937
307,365
323,091
81,751
125,029
376,878
105,525
1,316,439
62,812
70,224
447,067
228,750
17,000
20,082 |
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6,927,110
137,917
165,847
239,281
197,020
280,140
342,525
82,189
74,641
291,127
105,525
1,130,557
62,812
82,759
364,421
228,750
16,500
43,660 |
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2,894,603
45,766
57,450
68,567
52,683
98,325
86,835
51,561
42,897
125,977
35,175
480,662
20,936
15,453
165,379
56,250
10,000
5,672 |
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2,275,390
30,075
55,946
73,595
45,329
93,406
116,645
33,865
8,655
120,097
35,175
359,133
20,936
21,612
136,959
56,250
2,000
5,561 |
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12,689,978 |
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10,772,781 |
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4,314,190 |
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3,490,629 |
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| 8 |
Other Operating Expenses |
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Rent, rates and taxes on
investment property
Depreciation on investment property
Worker's Profit Participation Fund
Worker's Welfare Fund |
523,954
193,059
-
- |
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523,954
193,059
41,502
57,265 |
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174,652
64,352
-
- |
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174,652
64,352
(50,750)
(4,189) |
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717,013 |
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815,780 |
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239,004 |
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184,065 |
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| 9 |
Other Operating Income |
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Investment property rentals
Gain on sale of fixed assets
Others |
1,947,066
1,590,733
476,264 |
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1,757,626
961,141
95,050 |
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676,374
69,283
96,535 |
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602,452
20,000
32,095 |
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4,014,063 |
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2,813,817 |
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842,192 |
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654,547 |
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| 10 |
Finance Cost |
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Mark up on redeemable capital -
secured
Mark up on short term running finances - secured
Profit on morabaha finances - secured
Mark up on Loan from Associated undertaking
Finance charges in respect of finance leases
Interest on Worker's Profit Participation fund
Bank charges, guarantee commission and finance
arrangement fee |
978,055
2,386,240
415,843
22,190
290,277
534
237,372 |
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759,685
1,327,113
226,440
-
328,849
20,690
244,270 |
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426,281
1,046,509
111,325
22,190
115,734
534
121,950 |
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241,086
550,566
133,839
-
105,570
547
61,003 |
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4,330,511 |
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2,907,047 |
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1,844,523 |
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1,092,611 |
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| 11 |
Taxation |
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Current - Turnover tax @ 0.50%
Deferred |
928,744
(64,493) |
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982,102
(292,273) |
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321,859
(168,279) |
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(71,832)
(247,799) |
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864,251 |
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689,829 |
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153,580 |
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(319,631) |
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| 12 |
Addition to
property, plant and equipment made during the period were Rs.
4,711,485
( 2005 : Rs. 4,174,775 and disposals for Rs. 2,737,415 (
2005 : Rs. 789,000 )
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| 13 |
Contingency for
letter of guarantee Rs. 2,195,710 ( 2005 : Rs.1,582,000 )
Commitments for rentals under operating lease agreement in
respect of vehicles Rs. 23,450
( 2005 : Rs. 553,387 ) |
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Imran Azim
Chief Executive |
Nasim Beg
Director |
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