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Notes To The Accounts (Un Audited)
For The First Quarter Ended September 30, 2005
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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 preceding annual published
accounts of the company.
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| 3 |
Figures for previous quarter have
been re-arranged wherever necessary for the purpose of
comparison.
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September 30
2005 |
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September 30
2004 |
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Rupees |
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Rupees |
| 4 |
Sales |
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Gross sales
Sales Tax |
63,728,532(8,313,421) |
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60,095,249(7,858,213) |
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55,415,111 |
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52,237,036 |
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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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6,983,788 |
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7,229,899 |
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Add : Purchases |
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Raw materials |
42,629,373 |
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32,429,323 |
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Packing materials |
5,244,431 |
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5,702,908 |
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47,873,804 |
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38,132,231 |
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54,857,592 |
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45,362,130 |
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Less : Closing stock |
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Raw materials |
5,635,272 |
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4,618,241 |
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Packing materials |
3,167,191 |
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3,115,195 |
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8,802,463 |
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7,733,436 |
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Raw and packing materials consumed |
46,055,129 |
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37,628,694 |
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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 |
1,194,903
6,092,504
297,486
73,850
328,528
13,056
6,476
82,717
7,355
46,000
16,678
34,620
737,221
24,754 |
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1,157,014
6,063,685
285,532
72,715
402,322
4,380
6,155
87,212
5,100
66,000
20,980
34,620
696,036
48,734 |
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Cost of goods manufactured |
55,011,276 |
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46,579,179 |
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Finished goods |
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Opening stock |
10,936,426 |
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10,042,524 |
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Closing stock |
(15,597,598) |
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(10,845,700) |
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(4,661,172) |
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(803,176) |
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41,918,007 |
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51,567,177 |
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| 6 |
Distribution 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
Laboratory expenses
Repairs & maintenance
Traveling & conveyance
Entertainment
Vehicle running & maintenance
Operating lease rentals
Provision of doubtful debts
Depreciation
Transportation
Advertising and sales promotion
Fees & subscription
General supplies & utilities |
2,583,968
57,321
21,550
111,777
54,396
124,331
93,955
38,361
144,104
45,202
184,274
127,248
162,558
72,573
1,429,490
242,515
10,676
17,363 |
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2,310,015
63,281
21,446
134,864
31,087
128,673
12,834
91,095
208,870
8,852
119,125
127,248
-
75,148
1,386,044
526,201
12,317
18,460 |
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5,521,662 |
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5,275,560 |
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| 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
Subscription
Legal & professional
Auditors' remuneration
Donation
General supplies & utilities |
2,748,366
108,963
48,383
125,143
112,611
113,754
110,684
16,440
61,607
130,193
35,175
425,336
20,938
38,983
102,388
71,250
7,000
7,962 |
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2,265,893
123,853
47,328
111,084
82,402
99,274
129,051
41,548
22,916
95,967
35,175
349,767
20,938
29,435
153,339
71,250
9,500
18,912 |
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4,285,176 |
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3,707,632 |
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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 |
139,164
64,353
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- |
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139,164
64,353
71,627
43,832 |
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203,517 |
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318,976 |
| 9 |
Other Operating Income |
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Investment property rentals
Gain on sale of fixed assets
Others |
635,346
363,200
345,359 |
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586,875
516,141
20,382 |
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1,343,905 |
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1,123,398 |
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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
Finance charges in respect of finance leases
Bank charges, guarantee commission and finance
arrangement fee |
283,835
556,461
115,605
92,570
63,459 |
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272,760
341,379
27,823
101,083
80,127 |
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| 11 |
Taxation |
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Current - Turnover tax @ 0.5 %
Deferred |
283,795
12,111 |
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751,714
(16,901) |
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295,906 |
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734,813 |
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| 12 |
Addition to property, plant and
equipment made during the first quarter were Rs. 179,000
( 2004 : Rs. 3,711,000 and disposals for Rs. 92,205 ( 2004 :
Rs. 76,900 )
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| 13 |
Contingency for letter of
guarantee Rs. 2,164,596 ( 2004 : Rs.1,900,000 )
Commitments for rentals under operating lease agreement in
respect of vehicles Rs. 171,886
( 2004 : Rs. 960,058 ) |
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Imran Azin |
Nasim Beg |
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Chief Executive |
Director |
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