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Haroon Oils Limited
Cash Flow Statement - Un-Audited
For The First Quarter Ended September 30, 2006
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September 30
2006 |
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September 30
2005 |
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Rupees |
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Rupees |
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| Cash Generated From
Operations |
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| (Loss) / Profit Before
Taxation |
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(235,668) |
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(1,302,674) |
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| Adjustment For Non
Cash Charges And Other Items |
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Depreciation of
property, plant and equipment
Depreciation of investment property
Amortisation of intangible assets
Provision for staff gratuity
Provision for doubtful debts
Finance cost
Gain on sale of property, plant and equipment |
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1,192,032
64,352
-
300,000
61,336
2,363,076
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1,235,130
64,352
20,938
240,000
162,558
1,111,930
(363,200) |
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Operating profit before working
capital changes |
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3,745,128 |
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1,169,034 |
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| (Increase) /
Decrease in Current Assets |
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Stock-in-trade
Trade debts
Loan and advances
Trade deposits and short term prepayments
Other receivables |
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(15,949,951)
(10,938,775)
2,418,780
299,374
(3,045,387) |
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(9,890,547)
(1,875,790)
(3,531,088)
(1,796,062)
(1,437,316) |
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(27,215,958) |
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(18,530,803) |
| Increase /
(Decrease) in Current Liabilities |
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Short term borrowings
Trade and other payables |
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12,260,830 |
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1,007,185
1,220,477 |
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12,260,830 |
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2,227,662 |
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Cash generated / (used in) from
operations |
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(11,210,001) |
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(15,134,107) |
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Financial cost paid
Staff gratuity paid
Tax paid |
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(2,159,118)
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(1,775,819) |
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(1,009,303)
(4,358)
(879,059) |
| Net Cash (Outflow) From Operating Activities |
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(15,144,938) |
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(17,026,827) |
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| Cash Flows From
Investing Activities |
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Purchase of property, plant and
equipment
Long term deposits
Proceeds from sale of property, plant and equipment |
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(716,473)
(50,000)
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(179,000)
56,911
417,200 |
| Net Cash inflow From Investing Activities |
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(766,473) |
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295,111 |
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| Cash Flows From
Financing Activities |
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Repayment of liability under
finance lease
proceeds from long term loan
Repayment of redeemable capital |
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(496,089)
10,000,000
(4,125,000) |
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(529,480)
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(1,750,000) |
| Net Cash (Outflow)
From Financing
Activities |
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5,378,911 |
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2,279,480 |
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(10,532,500) |
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(19,011,196) |
| Cash and cash
equivalents at the beginning of the year |
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(20,906,030) |
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(8,155,590) |
| Cash and cash
equivalents at the end of the quarter |
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(31,438,530) |
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(27,166,786) |
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| The Cash and cash
equivalent comprises of the following items |
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Cash and bank balances
Short term finances |
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3,286,121
(34,724,651) |
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2,210,329
(29,377,115) |
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(31,438,530) |
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(27,166,786) |
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Imran Azim
Chief Executive |
Amber H. Saigol
Chairperson |
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