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    Annual-Report-FML-30-June-2020-23 Vol 2

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    Bluish Flame
    This document provides financial statements for the year ended June 30, 2020, including a statement of comprehensive income and statement of cash flows. The statement of comprehensive income shows a profit after taxation of Rs. 2,937,221 thousand and total comprehensive income for the year of Rs. 2,965,294 thousand. The statement of cash flows shows that net cash generated from operating activities was Rs. 3,675,597 thousand, net cash used in investing activities was Rs. 6,729,968 thousand which was primarily for fixed capital expenditures and short-term investments, and dividends paid were the only cash flow from financing activities.

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    Annual-Report-FML-30-June-2020-23 Vol 2

    Uploaded by

    Bluish Flame
    28 views1 page
    This document provides financial statements for the year ended June 30, 2020, including a statement of comprehensive income and statement of cash flows. The statement of comprehensive income shows a profit after taxation of Rs. 2,937,221 thousand and total comprehensive income for the year of Rs. 2,965,294 thousand. The statement of cash flows shows that net cash generated from operating activities was Rs. 3,675,597 thousand, net cash used in investing activities was Rs. 6,729,968 thousand which was primarily for fixed capital expenditures and short-term investments, and dividends paid were the only cash flow from financing activities.

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    This document provides financial statements for the year ended June 30, 2020, including a statement of comprehensive income and statement of cash flows. The statement of comprehensive income shows a profit after taxation of Rs. 2,937,221 thousand and total comprehensive income for the year of Rs. 2,965,294 thousand. The statement of cash flows shows that net cash generated from operating activities was Rs. 3,675,597 thousand, net cash used in investing activities was Rs. 6,729,968 thousand which was primarily for fixed capital expenditures and short-term investments, and dividends paid were the only cash flow from financing activities.

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    © All Rights Reserved
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    28 views1 page

    Annual-Report-FML-30-June-2020-23 Vol 2

    Uploaded by

    Bluish Flame
    This document provides financial statements for the year ended June 30, 2020, including a statement of comprehensive income and statement of cash flows. The statement of comprehensive income shows a profit after taxation of Rs. 2,937,221 thousand and total comprehensive income for the year of Rs. 2,965,294 thousand. The statement of cash flows shows that net cash generated from operating activities was Rs. 3,675,597 thousand, net cash used in investing activities was Rs. 6,729,968 thousand which was primarily for fixed capital expenditures and short-term investments, and dividends paid were the only cash flow from financing activities.

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    of 1

    STATEMENT OF COMPREHENSIVE INCOME STATEMENT OF CASH FLOW

    FOR THE YEAR ENDED JUNE 30, 2020 FOR THE YEAR ENDED JUNE 30, 2020

    2020 2019
    Note ---------- Rupees in ‘000 ----------
    2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES
    Note --------- (Rupees in ‘000) --------- Profit before taxation 3,283,625 6,221,094
    Adjustments for:
    Pro fi t after taxation 2,937,221 5,989,810 Depreciation on operating fixed assets 6.5 1,204,398 933,095
    Depreciation on right-of-use assets 6.8.1 134,551 -
    Amortization 7 1,017 514
    Other comprehensive income Loss on disposal of operating fixed assets 27 47,595 15,026
    Operating fixed assets written off 27 13,379 -
    Provision for slow moving and obsolete stores and spares 8.1 23,807 -
    Items that will not be subsequently reclassi fi ed to Provision for doubtful advances 11.2 104,969 -
    pro fi t or loss Allowance for expected credit loss on trade debts 10.2 16,944 -
    Finance costs 29 346,959 155,892
    Provision for gratuity 16.1.2 111,680 143,494
    Remeasurement gain on defined benefit plans 16.1.1 28,073 - Interest on bank deposit 28 (59,801) (55,627)
    Dividend income on open ended mutual fund units 28 (159,087) -
    1,786,411 1,192,394
    Total comprehensive income for the year 2,965,294 5,989,810 5,070,036 7,413,488
    (Increase) / decrease in current assets
    Stores and spares (1,788) (275,804)
    Stock-in-trade (1,858,541) (2,518,817)
    The annexed notes from 1 to 43 form an integral part of these financial statements. Trade debts 803,547 (2,438,502)
    Advances, deposits, prepayments and other receivables (1,290,618) 354,769
    (2,347,400) (4,878,354)
    2,722,636 2,535,134
    Increase in current liabilities
    Trade and other payables 1,560,598 1,208,769
    Cash generated from operations 4,283,234 3,743,903

    Finance costs paid (259,138) (123,636)


    Income taxes paid (336,591) (281,830)
    Long-term deposits - (8,047)
    Gratuity paid 16.1.1 (26,888) -
    Government grant received 16.2 14,980 -

    Net cash generated from operating activities 3,675,597 3,330,390

    CASH FLOWS FROM INVESTING ACTIVITIES


    Fixed capital expenditure (5,253,765) (3,633,853)
    Proceeds from disposal of operating fixed assets 6.6 98,253 73,332
    Short-term investments made (1,684,533) -
    Interest received on bank deposit 54,100 53,439
    Dividend income received on open ended mutual fund units 55,977 -
    Net cash used in investing activities (6,729,968) (3,507,082)

    CASH FLOWS FROM FINANCING ACTIVITIES


    Dividends paid (1,921,651) (2,053,066)
    Long-term financing obtained – net Short- 2,960,466 1,354,092
    term borrowings obtained – net 3,150,000 3,940,000
    Lease rentals paid 18.1 (154,152) -
    Net cash generated from fi nancing activities 4,034,663 3,241,026
    Net increase in cash and cash equivalents 980,292 3,064,334
    Cash and cash equivalents at the beginning of the year 3,267,698 203,364
    Cash and cash equivalents at the end of the year 35 4,247,990 3,267,698

    The annexed notes from 1 to 43 form an integral part of these financial statements.
    JAVERIA SIDDIQUI REHAN RAHMAN NASIM HYDER JAVERIA SIDDIQUI REHAN RAHMAN NASIM HYDER
    CHIEF FINANCIAL OFFICER CHIEF EXECUTIVE DIRECTOR CHIEF FINANCIAL OFFICER CHIEF EXECUTIVE DIRECTOR

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