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    Balance Sheet: Equity and Liabilities

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    Abdullah Jawad
    This balance sheet shows the company's equity, liabilities, and assets for the years ending 2009 and 2008. Some key points: - Total equity increased from Rs. -15.86 million in 2008 to Rs. 118.54 million in 2009, due to a rights issue that raised Rs. 196.67 million in share capital. - Non-current liabilities decreased from Rs. 437.78 million to Rs. 411.45 million between 2008 and 2009. - Current liabilities increased from Rs. 918.91 million to Rs. 1,041.02 million over the same period. - Non-current assets increased from Rs. 1,149.97 million to

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    Balance Sheet: Equity and Liabilities

    Uploaded by

    Abdullah Jawad
    90 views17 pages
    This balance sheet shows the company's equity, liabilities, and assets for the years ending 2009 and 2008. Some key points: - Total equity increased from Rs. -15.86 million in 2008 to Rs. 118.54 million in 2009, due to a rights issue that raised Rs. 196.67 million in share capital. - Non-current liabilities decreased from Rs. 437.78 million to Rs. 411.45 million between 2008 and 2009. - Current liabilities increased from Rs. 918.91 million to Rs. 1,041.02 million over the same period. - Non-current assets increased from Rs. 1,149.97 million to

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    This balance sheet shows the company's equity, liabilities, and assets for the years ending 2009 and 2008. Some key points: - Total equity increased from Rs. -15.86 million in 2008 to Rs. 118.54 million in 2009, due to a rights issue that raised Rs. 196.67 million in share capital. - Non-current liabilities decreased from Rs. 437.78 million to Rs. 411.45 million between 2008 and 2009. - Current liabilities increased from Rs. 918.91 million to Rs. 1,041.02 million over the same period. - Non-current assets increased from Rs. 1,149.97 million to

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    90 views17 pages

    Balance Sheet: Equity and Liabilities

    Uploaded by

    Abdullah Jawad
    This balance sheet shows the company's equity, liabilities, and assets for the years ending 2009 and 2008. Some key points: - Total equity increased from Rs. -15.86 million in 2008 to Rs. 118.54 million in 2009, due to a rights issue that raised Rs. 196.67 million in share capital. - Non-current liabilities decreased from Rs. 437.78 million to Rs. 411.45 million between 2008 and 2009. - Current liabilities increased from Rs. 918.91 million to Rs. 1,041.02 million over the same period. - Non-current assets increased from Rs. 1,149.97 million to

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
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    Balance Shee

    EQUITY AND LIABILITIES

    CAPITAL AND RESERVES


    Authorized Capital
    40000000 (200: 40000000) ordinary shares of RS. 10 each

    Issued, subscribed and paid up capital


    35000000 (2008: 15333333) ordinary shares of Rs. 10 each

    Reserves
    Accumulated Loss

    SURPLUS ON REVALUATION OF PROPERTY,


    PLANT AND EQUIPMENT

    NON-CURRENT LIABILITES

    Long term loans from directors


    Long term inances
    Long term morabaha
    Liabilities against assets subject to inance lease
    Deffered liabilites
    Deffered taxation

    CURRENT LIABILITES
    Current porion o long term liabilites
    Short term borrowings from related parties- unsecured
    Finances under mark-up arrangements -secured
    Trade and other payables
    Accrued mark-up on loans and other payables

    CONTIGENCIES AND COMMITMENTS

    ASSETS

    NON-CURRENT ASSETS

    Property, plant and equipment


    Assets subject to inance lease
    Intangible asset
    Capital work in progress
    Long term deposits
    Long term loans

    CURRENT ASSETS

    Stores, spares and loose tools


    Stock in trade
    trade debts
    Loans, advances, deposits, prepayments and other recievables
    Taxatio - net
    Cash and back balances
    Balance Sheet

    2009 2008
    Rupees Rupees

    400,000,000 400,000,000

    350,000,000 153,333,330

    129,898,526 129,898,526
    -361,357,337 -299,089,835

    118,541,189 -15,857,979

    411,445,884 437,779,005

    74,570,569 171,175,969
    428,301,887 330,914,966
    - -
    16,315,641 13,212,297
    23,986,703 23,520,540
    27,631,143 45,293,818

    570,805,943 584,117,590
    83,131,432 100,958,465
    17,324,801 52,226,754
    558,086,289 544,813,779
    317,183,765 193,702,191
    65,296,268 27,213,644

    1,041,022,555 918,914,833

    - -

    2,141,815,571 1,924,953,449

    1,160,830,877 905,453,375
    39,869,002 32,879,427
    3,345,300 3,717,000
    7,265,266 201,123,950
    7,218,688 4,604,423
    2,275,750 2,194,280

    1,220,804,883 1,149,972,455

    96,558,665 106,128,537
    437,345,036 361,827,225
    278,969,594 225,486,523
    30,231,265 39,015,627
    19,288,567 3,937,814
    58,617,361 38,585,268
    921,010,488 774,980,994

    2,141,815,571 1,924,953,449
    PROFIT AND LOSS ACCOUNT
    For the year ended june 30, 2009

    Sales
    Cost of Good Sold

    Gross profit

    Administration expences
    Distribution and selling costs
    Other operating expences

    Other operating income

    Profit from operation


    Finance cost

    (Loss) before taxation


    Taxation

    (Loss) for the year

    (Loss) per share-Basic and diluted


    2009 2008
    Rupees Rupees

    1,550,427,563 1,260,415,348
    -1,283,504,802 993,257,611

    266,922,761 267,157,737

    -70,423,678 -62,459,439
    -116,582,550 -112,525,165
    -4,288,856 -2,329,900

    -191,295,084 -177,314,504

    75,627,677 89,843,233

    6,408,767 6,612,664

    82,036,444 96,455,897
    -185,187,067 112038878)

    -103,150,623 -15,582,981
    21,931,954 1,756,121

    -81,218,669 -13,826,860

    -2 -1
    STATEMENT OF CHANGES IN EQUITY
    FOR THE YEAR ENDED JUNE 30, 2009

    Share capital Share


    Premium
    Rupees Ruppes

    Balance as per June 30, 2007 153,333,330 39,898,526

    (Loss) for the year - -

    Transfer from surplus on


    revaluation of propert, Plant
    and equipment- net deffered
    taxation:-Incremental
    depreciation for the year

    Dividend 200 Rs 0.5


    Disposal of revaluted assets

    Balance as on june 30, 2008 1,533,330 39,898,526

    Risght issue @ 1.28 shares for each share held 196,666,670 -

    (Loss for the year)

    Transfer from surplus on


    revaluation of propert, Plant
    and equipment- net deffered
    taxation:-Incremental
    depreciation for the year
    - -

    Disposal of revaluted assets - -


    Balance as on june 30, 2009 350,000,000 39,898,526
    General Accumulaed Total Rupees
    reserve
    Ruppes loss Rupees

    90,000,000 -317,263,872 34,032,016

    - -13,826,860 -13,826,860

    32,028,750 32,028,750

    -2,692,396 -2,692,396
    2,664,543 2,664,543

    90,000,000 -299,089,835 -15,857,979

    - - 196,666,670

    -81,218,669 -81,218,669

    - 17,970,918 17,970,918

    - 980,249 980,249
    90,000,000 -361,357,337 118,541,189
    CASH FLOW STATEMENT
    FOR THE YEAR ENDED JUNE 30, 2009

    Cash flow from operating activites

    Cash flow generated from operations


    Finance cost paid
    Taxes paid
    Payments against discounted provident fund
    Gratuity paid
    Dividend paid
    Long-term deposits (paid)

    Net cash inflow/(outflow) from operating acitivities

    Cash flow from investing acitivities


    purchase of property, plant and equipment
    Net (increase in long term loans
    Proceeds from disposal of property, plant and equipment

    Net cash used in investing activites

    Cash flow from financing acitivities


    Proceeds from long term finances
    Repayment of long term finances
    Proceeds from loan from directors
    Repayment of loan to directors
    Proceeds from right issue
    Repayment of long term morabaha
    Proceeds from short term loans
    Repayment of short term loans
    Lease rentals paids

    Net cash flow from financing activities

    Net increase/(decrease) in cash and cash equivalents


    Cash and cash equivalents at the beginning of the year

    Cash and cash equivalents at the end of the year


    2009 2008
    Rupees Rupees

    194,979,795 112,350,202
    -146,850,645 -105,326,014
    -1,846,380 -8,864,177
    -1,542,036 -6,507,188
    -4,803,896 -1,182,809
    -225 -2,655,883
    -4,864,448 -1,773,800

    18,455,165 -13,959,669

    -148,866,353 -222,339,688
    -359,120 -968,033
    4,946,634 2,623,250

    -144,278,839 -220,684,471

    163,500,000 168,412,345
    -77,089,301 -49,457,315
    1,450,000 -
    -1,760,000 -
    60,371,270 -
    -7,174,998 -14,350,004
    13,100,000 61,621,212
    -8,001,953 -21,907,458
    -11,811,761 -14,346,953

    132,583,257 129,971,827

    6,759,583 -1,046,723,130
    -506,228,511 -401,556,198

    -499,468,928 -506,228,511
    2009

    1 Current Ratio Current Assets 921,010,488


    Current Liabilities 1,041,022,555

    = 0.884717130840647 88.47%

    2 Quick Ratio Cash + Government Securities + Receivables


    Total Current Liabilities
    2008

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