STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED JUNE 30, 2013 2013 (Rupees) 2012 (Rupees) Profit after taxation Other comprehensive income Items that may be reclassified subsequently to profit and loss Unrealized gain due to change in fair value of long term investments. Items that will not reclassified to profit or loss Total comprehensive Income for the year The annexed notes form an integral part of these financial statements. 265,523,955 286,070 - 265,810,025 362,577 - 106,766,041 Lahore October 09, 2013 (Mr. Mohammad Naveed) Chief Executive (Khawaja Mohammad Jahangir) Director
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED JUNE 30, 2013 Share Capital Accumulated Profit Total Rs. Rs. Rs. Balance as on July 01, 2011 650,000,000 23,873,673 673,873,673 Profit for the year after taxation - 106,403,464 106,403,464 Unrealized gain due to change in fair - 362,577 362,577 value of long term investment Balance as on June 30, 2012 650,000,000 130,639,714 780,639,714 Interim dividend for year 2013 (1,048,471) (1,048,471) Profit for the year after taxation 265,523,955 265,523,955 Unrealized gain due to change in fair value of long term investment 286,070 286,070 Balance as on June 30, 2013 650,000,000 395,401,268 1,045,401,268 The annexed notes form an integral part of these financial statements. Lahore October 09, 2013 (Mr. Mohammad Naveed) Chief Executive (Khawaja Mohammad Jahangir) Director
CASH FLOW STATEMENT FOR THE YEAR ENDED JUNE 30, 2013 Note 2012 (Rupees) CASH GENERATED FROM OPERATIONS Cash generated from operations 34 287,791,513 Finance cost paid (238,508,807) Income tax paid (25,436,806) Gratuity paid (14,341,742) Net cash generated from (used in) operating activities 9,504,158 CASH FLOW FROM INVESTING ACTIVITIES Fixed capital expenditure (363,104,765) Long term deposits (20,000) Long term advances Proceeds from disposal of property, plant and equipment Dividend received (1,677,896) - 95,800 Profit received on bank accounts 2,820,500 Net cash (used in) investing activities (361,886,360) CASH FLOW FROM FINANCING ACTIVITIES Increase/(decrease) of long term financing 117,200,712 Increase in finance lease liabilities 28,941,598 Increase in short term borrowings (Decrease) in supplier's credit 205,683,109 - Net cash generated from financing activities 351,825,419 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 The annexed notes form an integral part of these financial statements. (556,783) 6,986,564 6,429,782 Lahore October 09, 2013 (Mr. Mohammad Naveed) Chief Executive (Khawaja Mohammad Jahangir) Director
2013 15.3 Disposal of property, plant and equipment Particulars Cost Accumulated depreciation Written down value Sale proceeds Gain Mode of disposal Particulars of purchaser Honda City LWH-9955 880,500 649,682 230,818 850,000 619,182 Claim Settlement against insurance Claim Suzuki Liana LEB-3875 714,600 527,271 187,329 525,000 337,671 Negotiation Mr. Rashid Ashraf Mughal, Lahore. Honda Civic LZ-35 1,193,000 1,022,871 170,129 860,000 689,871 Negotiation Mr. Imran Baig, Lahore. Toyota Corolla LEF-08-9288 1,619,100 1,020,163 598,937 1,280,000 681,063 Negotiation Mr. Zahid Rashid, Lahore. Toyota Camary LE-06-9755 2,950,000 2,265,822 684,178 684,178 - Negotiation Mr. Tallat Mahmmod, Lahore. Suzuki Cultus LEC-07-8046 600,000 442,714 157,286 500,000 342,714 Negotiation Mr. Hasan Nasir Lahore 7,957,200 5,928,523 2,028,677 4,699,178 2,670,501 15.4 Depreciation/amortization has been apportioned as under : - Cost of sales 26 87,846,359 72,159,001 Administrative expenses 28 2,831,763 539,456 90,678,122 72,698,457