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CO
Com
Dire
Con
Con
Con
Con
Con
Not
ONTENT
mpany’s inf
ectors’ Rep
ndensed In
ndensed In
ndensed In
ndensed In
ndensed In
tes to the C
TS
formation
port (Englis
terim Stat
terim Stat
terim Stat
terim Stat
terim Stat
Condensed
sh & Urdu)
ement of F
ement of P
ement of C
ement of C
ement of C
d Interim F
Financial Po
Profit or Lo
Comprehen
Cash Flow
Changes in
inancial Inf
osition
oss Accoun
nsive Incom
Equity
formation
t
me
3
4 –
8
9
1
1
1
13 ‐
3
– 7
8
9
0
1
2
‐ 19
For the Quarter ended September 30, 2019 | 2
CO
BoMr.
Mr.
Mr.
Mr.
Mr.
Ms
Mr.
Mr.
Mr.
BoMr.
Mr.
Mr.
Ms
BoMs
Mr.
Mr.
ChMr.
CoMr.
Ban
Ban
Fay
Hab
Hab
Me
Sta
Ban
AuEY
Pro
Bea
LegMo
1st
Blo
OMPANY
ard of Direc. Jonathan R.
. Khaleequr Ra
. Shabbir Ahm
. Perwez Ahm
. Nasim Hyder
. Huma Pasha
. Asim Shabbi
. Usama Rehm
. Rehan Rahm
ard Audit C. Nasim Hyder
. Khaleequr Re
. Perwez Ahm
. Huma Pasha
ard HR & R. Huma Pasha
. Shabbir Ahm
. Nasim Hyder
ief Financia. Muhammad
mpany Sec. Muhammad
nkers
nk Al Habib Lim
ysal Bank Limit
bib Bank Limit
bib Metropoli
eezan Bank Lim
ndard Charte
nk Alfalah Lim
ditors Ford Rhodes,
ogressive Plaza
aumount Road
gal Advisor ohsin Tayebaly
Floor, Dime C
ck‐9, Kehkash
Y INFOR
ctors Simon
ahman
med
med
r
a
r Patka
man
man
Committee r
ehman
med
a
Remuneratioa
med
r
al Officer Faheem
retary Usama Siddiq
mited
ted
ted
tan Bank Limi
mited
red Bank (Pak
ited
Chartered Ac
a,
d, Karachi.
y & Co.
Centre BC‐4,
han, Clifton, K
RMATIO
Direc
Direc
Direc
Direc
Direc
Direc
Direc
Direc
Chief
Chair
Mem
Mem
Mem
on CommitChair
Mem
Mem
qui
ited
kistan) Limited
ccountants
arachi.
ON
ctor/Chairman
ctor
ctor
ctor
ctor
ctor
ctor
ctor
f Executive Off
rman
mber
mber
mber
tee rperson
mber
mber
d
Rn H
L
OK
FS
ficer P
L
B
P
P
P
P
P
P
P
P
S
1
T
BP
H
D
SF
8
P
Wh
Registered H‐23/4A, Sche
Landhi, Karach
Office BuildK&N Centre, 1
Factory SindhPlot # H‐23/4‐
Landhi Industr
B‐4/A, SITE, Ka
Plot # A‐5, SIT
Plot # C‐3, SIT
Plot # C‐31 SIT
Plot # F‐89, SIT
Plot # F‐125, S
Plot # F‐342, S
Plot # D‐202, S
Plot # 342/A,
Survey # 81, 2
186 to 190, N.
Tapo Gabopat
BalochistanPlot# D‐12 to
HITE, all in Ma
District Lasbel
Share RegisFAMCO Assoc
8‐F, Next to H
PECHS, Shahra
Website http://www.fe
Officeeme # 3, Land
hi.
ding160 Banglore T
‐A & H‐23‐/4‐B
rial Area, Land
arachi.
TE, Karachi.
E, Karachi.
TE, Karachi.
TE, Karachi.
SITE, Karachi.
SITE, Karachi.
SITE, Karachi.
Haroonabad,
242, 72 to 75,
.C # 92, 156, 2
t, Keamari Tow
n D‐17, K‐1 to K
auza Pathra, T
la, Balochistan
strar/Transfciate (Pvt.) Ltd
otel Faran Nu
ah‐e‐Faisal, Ka
eroze1888.co
hi Industrial A
Town, Shahra
B, Scheme # 3
dhi, Karachi.
SITE, Karachi.
165, 166, 171
210, 211, 243,
wn, Karachi.
K‐3, M‐34, Tehsil Hub,
n.
fer Agent d ursery, Block‐6
arachi.
m
Area,
ah ‐e‐Faisal, Ka
3,
.
1, 172, 176 to
, Deh Moachk
6,
arachi
181,
ko,
For the Quarter ended September 30, 2019 | 3
The
Fina
PAK
It is
grow
Gov
time
Laur
critic
Asia
Text
the
62 p
FINA
Net impainflafor tcomincre
Prof
Sale
Gro
Adm
Oth
Oth
Fina
Prof
Prof
EPS
Directors of
ncial Statem
KISTAN’S ECO
acknowledg
wth rate is n
ernment nee
e, providing
reate econo
cal infrastruc
n economies
tile exports d
period. The t
percent durin
ANCIAL PERF
turnover foact of exchaationary presthe quarter amparison witeasing tax im
fit and Loss A
es‐ net
ss profit
min and distr
er expenses
er income
ance cost
fit before tax
fit after taxat
f Feroze188
ments for the
ONOMIC OU
ged fact that
on‐sustainab
eds to imple
incentives to
mist — puts
cture and di
s can go a lo
during 2MFY
textile group
ng the same
FORMANCE
or the quarteange rate dissure on cosat PKR 744 mh the samempact. Summ
Account for th
ibution cost
xation
tion
8 Mills Limit
e quarter end
TLOOK
t the consum
ble any more
ement neces
o export ind
s it, “produc
plomatic bot
ng way in im
Y20 increase
p accounted
period last y
OVERVIEW
er at PKR 7,fferences yet of sales anmillion is slighe period lastmary of the k
he Year Ende
Septembe
2019
7,650,327
2,059,058
(813,991
(423,390
72,259
(58,998
834,938
743,916
1.97
Un‐
DIREC
ted (‘the Co
ded 30 Septe
mption‐drive
e. It is high t
sary stabilisa
ustries and i
ctivity isn’t e
ttlenecks wit
mproving the
d 2.3 percen
for 61 perce
year.
650 million ear on year d expenses htly decreast year. Redukey financial
Rs. In '0
ed,
r Septemb
2018
7 6,114,6
8 1,371,8
1) (646,8
0) (46,7
9 145,3
8) (28,2
8 795,2
6 746,7
7 1.
audited
CTORS’
ompany) are
ember 2019.
en growth m
ime that Pak
ation measu
improving pr
everything, b
th the aim to
productive
nt year on ye
ent of total e
is 25% highbasis and soffsets this ied by 0.4% duction of beindicators is
000
Statem
ber
678 Prope
810 Long t
Stock‐
895) Trade
794)
360 Share
215) Reserv
Long t
267 Short t
776
98
REPORT
pleased to
model that Pa
kistan shifts
res aimed at
roductivity o
but in the lo
o develop tr
potential of
ear against a
xports durin
er than the slight increasincrement udue to increaenefit unders presented b
ment of Finan
rty, plant and
erm investm
‐in‐trade
debts
capital
ves
erm financin
term borrow
T
present the
akistan has
towards exp
t containing
of the econo
ong run it is
ade linkages
the econom
a growth of
g the first tw
same periose in volumep to major ease in input cr section 65below.
ncial Position
d equipment
ments
ng
wings
e Un‐audited
come to rely
ports as the k
consumptio
my. As Paul
almost eve
s with region
y.
3 percent in
wo months o
d last year (es. Howeverextent. As a rcost, finance5B remains t
n As At,
Un‐audited
September
2019
t 14,605,082
230,351
8,853,651
6,972,030
3,768,009
17,079,356
2,668,893
6,490,000
d Condensed
y on to achi
key driver of
on while, at t
Krugman —
erything.” Ad
nal Central a
total export
of FY20 as op
(SPLY) mainlr on the othresult profit e cost and tathe major c
Rs. In '00
d Audited
r June 2019
2 13,458,88
1 186,15
1 6,411,08
0 7,629,99
9 3,768,00
6 16,335,44
3 1,991,54
0 6,490,00
d Interim
ieve high
f growth.
the same
— a Noble
ddressing
nd South
ts during
pposed to
y due to her hand after tax
axation in cause for
00
9
82
53
87
94
09
40
46
00
For the Quarter ended September 30, 2019 | 4
Econrestmomrest
FUT
Econ
a tig
Dete
econ
The rateimpthe reduwor
ACK
The
in th
Reh
Chie
Kara
Date
nomic uncerrained businmentum fromore the indu
URE OUTLOO
nomic growt
ghter monet
eriorating re
nomic growt
interbank fo system. Throved sentimUS dollar siuced its polild. This wou
KNOWLEDGE
Company re
he Company
han Rehman
ef Executive
achi
e: 23 Octobe
rtainties, couness activitym the last qustry’s export
OK
th in FY 2020
tary stance
elations with
th of 3.5% in
oreign exchahe initial volments and cnce the lastcy rate by 2ld help in low
EMENT AND
emains grate
and their tir
e Officer
er 2019
upled with a y during thuarter with t competitive
0 is likely to r
and still‐ele
h India, and
FY 2020 and
ange marketatility and aontinued adt two month25 basis poinwering press
APPRECIATI
eful to its sha
reless efforts
rising inflate period uimproved peeness.
remain weak
evated inflat
substantial
d 4.0% in FY
t had adjusteassociated udjustment in hs, unlike itsnts (bps), folsures on eme
ON
areholders, e
s in deriving t
ion, fluctuatnder reviewerformance f
k as Pakistan’
ion are expe
financing ne
2021 is antic
ed relativelyncertainty ithe current
s previous trllowed by poerging marke
employees, s
the Compan
ing exchangw. However,following va
’s severe twi
ected to eat
eeds, represe
cipated.
y well to the n the excha account, thrend. On theolicy rate cuets’ currencie
suppliers, co
y on the pat
A
e rates and , the textilerious initiati
in deficits re
t into house
ent addition
introductioange markethe rupee hade external fruts by other es and poten
ntractors an
h of growth
Asim Shabbi
Director
higher intere industry bives taken by
quire fiscal a
ehold spend
nal risks to t
n of the mat had subsidd strengthenront, the USmajor centrntially increa
d customers
and prosper
ir Patka
est rates, rebuilt on its y the govern
austerity. In
ding and inv
the outlook.
rket‐based eded. Reflectined modestly Fed, as antral banks arose financial i
s for their co
rity.
esulted in positive
nment to
addition,
estment.
Average
exchange ng these y against ticipated, ound the inflows.
onfidence
For the Quarter ended September 30, 2019 | 5
Consumption
(Paul
Krugman)
(Infrastructure)
0.4
For the Quarter ended September 30, 2019 | 6
(Twin Deficit)
(25 basic points (US Fed)
-BPS-)
For the Quarter ended September 30, 2019 | 7
CoAs
ASS
Non
Pro
Inta
Lon
Lon
Cur
Sto
Sto
Tra
Adv
Tax
Cas
Tot
EQU
Sha
Aut
Issu
Res
Liab
Non
Def
Lon
Cur
Tra
Sho
Acc
Cur
Unc
CON
Tot
The
400
ondenseds at Septe
SETS
n‐current as
operty, plan
angible asse
ng term inve
ng term dep
rrent assets
re and spar
ck in trade
de debts ‐ c
vances, dep
xation ‐ net
sh and bank
tal assets
UITY AND LI
are capital a
thorised sha
ued, subscri
serves
bilities
n‐current lia
ferred liabil
ng term fina
rrent liabilit
de and othe
ort term bor
crued mark‐
rrent portio
claimed div
NTINGENCI
tal equity an
e annexed n
Muham
Chief Fin
0,000,000 (20
d Interim ember 30
ssets
t and equip
ets
estments
posits
res
considered
posits, prepa
balances
IABILITIES
and reserves
are capital
ibed and pa
abilities
lity
ancing
ties
er payables
rrowings
‐up
n of long te
idend
ES AND COM
nd liabilities
notes 1 to 17
mmad Fahee
nancial Offic
018: 400,000
Statemen, 2019
pment
good
ayments an
s
aid‐up capit
erm financin
MMITMENT
s
7 form an in
m
cer
0,000) ordin
nt of Fina
nd other rec
al
ng
TS
ntegral part
Ch
nary shares o
ancial Pos
ceivables
of these co
Rehan Rah
hief Executiv
of Rs 10/‐
sition
Note
5
6
7
8
9
10
ondensed in
hman
ve Officer
Un‐audSeptemb
201
14,6
2
14,8
1,0
8,8
6,9
2,6
4
1,2
21,2
36,1
4,0
3,7
17,0
20,8
1
2,6
2,8
5,5
6,4
3
12,4
36,1
nterim finan
A
‐‐‐‐‐‐‐‐
ditedber 30,
19
605,082
26,216
230,351
16,380
878,029
077,963
853,651
972,030
621,014
492,273
230,872
247,803
125,832 ‐
000,000
768,009
079,356
847,365
171,414
668,893
840,307
523,786
490,000
38,157
384,408
1,809
438,160
125,832
ncial inform
Asim Shabbi
Directo
(Rupees in
Audited June 30,
2019
13,458,8
1,8
186,1
16,3
13,663,2
908,5
6,411,0
7,629,9
1,604,5
482,1
3,267,6
20,304,0
33,967,3 ‐
4,000,0
3,768,0
16,335,4
20,103,4
143,4
1,991,5
2,135,0
4,910,6
6,490,0
50,8
275,3
1,8
11,728,8
33,967,3
ation.
r Patka
or
'000) ‐‐‐‐‐‐‐
882
852
153
380
267
514
087
994
581
195
698
069
336‐
000
009
440
449
494
546
040
688
000
898
388
873
847
336
‐
For the Quarter ended September 30, 2019 | 8
Co
Fo
Sale
Cos
Gro
Adm
Dis
Oth
Oth
Ope
Fin
Pro
Tax
Pro
Ear
The
ondensed
or the Qua
es ‐ net
st of sales
oss profit
ministrative
tribution co
her expense
her income
erating prof
ance cost
ofit before t
xation
ofit after tax
ning per sh
e annexed n
Muha
Chief F
d Interim
arter end
e cost
ost
es
fit
taxation
xation
are basic &
notes 1 to 1
mmad Fahe
Financial Of
Stateme
ded Septe
diluted (Ru
7 form an in
eem
fficer
ent of Pro
ember 30
upees)
ntegral part
Re
Chief
ofit or Los
0, 2019
t of these co
ehan Rahma
Executive O
ss Accoun
S
Note
11
12
13
ondensed i
an
Officer
‐‐‐‐
nt
September
2019
7,650,3
(5,591,2
2,059,0
(294,6
(519,3
(423,3
(1,237,3
821,6
72,2
893,9
(58,9
834,9
(91,0
743,9
1
nterim fina
Asim
UQua
‐‐‐‐‐‐‐‐‐ (Rup
30, Sept
327
269) (
058
607)
384)
390)
381)
677
259
936
998)
938
022)
916
1.97
ancial inform
m Shabbir Pa
Director
n‐auditedarter Ended
pees in '000
tember 30,
2018
6,114,678
(4,742,868)
1,371,810
(258,427)
(388,467)
(46,794)
(693,688)
678,122
145,360
823,482
(28,215)
795,267
(48,491)
746,776
1.98
mation.
atka
d
0) ‐‐‐‐‐‐‐‐‐‐‐‐
‐
For the Quarter ended September 30, 2019 | 9
Co
Fo
Pro
Oth
The
Tot
ondensed
r the Qua
ofit after tax
her compreh
e annexed n
Muham
Chief F
tal compreh
d Interim
arter end
xation
hensive inc
notes 1 to 17
mmad Fahe
Financial Off
hensive inco
Statemen
ded Septe
ome
7 form an in
eem
ficer
ome for the
nt of Com
ember 30
ntegral part
Reh
Chief E
period
mprehens
0, 2019
of these co
han Rahman
Executive O
sive Incom
S
ondensed in
n
Officer
me
September
2019
743,9
743,9
nterim finan
Asim
Qu
‐‐‐‐‐‐‐‐‐ (Ru
U
30, Sept
916
‐
916
ncial inform
m Shabbir Pa
Director
uarter Ended
pees in '000
Un‐audited
tember 30,
2018
746,776
‐
746,776
ation.
atka
d
0) ‐‐‐‐‐‐‐‐‐
For the Quarter ended September 30, 2019 | 10
Co
Fo
CAS
Pro
Adj
Dep
Am
Fin
Def
Pro
Los
(Inc
Sto
Sto
Tra
Adv
Incr
Tra
Net
Fin
Inco
Net
CAS
Fixe
Pro
Pro
Net
CAS
Div
Sho
Lon
Net
Net
Net
Cas
The
ondensed
r the Qua
SH FLOW FR
ofit before t
justment fo
preciation
mortization
ance cost
ferred liabil
ofit on short
s / (gain) on
crease) / de
res and spa
ck in trade
de debt
vances, dep
rease in cu
de and othe
t cash used
ance cost pa
ome tax pai
t cash used
SH FLOW FR
ed capital e
oceeds from
ofit received
t cash used
SH FLOW FR
idend paid
ort term bor
ng term fina
t cash gene
t (decrease)
t cash and c
sh and cash
e annexed n
Muham
Chief F
d Interim
arter end
ROM OPERA
axation
or:
lity
t term inves
n disposal o
ecrease in cu
ares
posits, prepa
rrent liabili
er payables
in operatio
aid
id
in operatin
ROM INVEST
xpenditure
m disposal of
d on short te
in investing
ROM FINAN
rrowings – n
ance ‐ net
rated from
) / increase
cash equival
equivalent
notes 1 to 17
mmad Fahe
Financial Off
Statemen
ded Septe
ATING ACTIV
stment
of property,
urrent asset
ayments an
ties
ons
g activities
TING ACTIV
e
f operating
erm investm
g activities
CING ACTIV
net
financing ac
in cash and
lent at begi
at end of th
7 form an in
eem
ficer
nt of Cash
ember 30
VITIES
plant and e
t
nd other rec
VITIES
fixed asset
ment
VITIES
ctivities
d cash equiv
nning of the
he period
ntegral part
Ch
h Flows
0, 2019
equipment
ceivables
s
valent
e period
of these co
Rehan Rah
hief Executiv
S
ondensed in
hman
ve Officer
‐‐
September 3
2019
834,9
277,6
1
58,9
27,9
(72,2
2
292,7
1,127,7
(169,4
(2,442,5
657,9
(1,052,9
(3,006,9
613,0
(1,266,1
(71,7
(101,1
(1,439,0
(1,466,7
18,0
64,5
(1,384,0
(
‐
786,3
786,3
(2,036,8
3,267,6
1,230,8
nterim finan
Asim
‐‐‐‐‐‐‐‐‐(Rup
U
30, Septe
2
938
699
136
998
920
259)
270
764
702
448)
564) (2
964
951)
999) (2
098
199)
738)
102)
039)
757)
089
578
090)
(64)
‐
367
303
826)
698
872
ncial inform
Shabbir Pat
Director
pees in '000
n‐audited
ember 30,
2018
795,267
209,116
118
28,215
‐
‐
(2,079)
235,370
1,030,637
(105,386)
2,115,581)
16,090
5,770
2,199,107)
378,396
(790,074)
(31,685)
(68,325)
(890,084)
(509,709)
11,989
‐
(497,720)
(34)
1,468,596
146,517
1,615,079
227,275
203,364
430,639
ation.
tka
0)‐‐‐‐‐‐‐‐‐‐‐
For the Quarter ended September 30, 2019 | 11
Con
For
Tota
ende
Final2018
Interi2019
Tota
ende
Bala
Tota
ende
The
Bala
Bala
Bala
ndensed Int
r the Quarte
l comprehensi
ed September
l cash dividend f8 @ Rs.2.45 per
im cash dividen9 @ Rs.3 per sh
l comprehensi
ed June 30, 201
nce as at June
l comprehensi
ed September
annexed notes
Muh
Chief
nce as at Septe
nce as at June
nce as at Septe
erim Statem
er ended Se
ve income for
30, 2018 (Un‐au
for the year endr share
d for the year enhare
ve income for
19 (Audited)
30, 2019 (Audit
ve income for
30, 2019 (Un‐au
s 1 to 17 form a
hammad Fahee
f Financial Offic
ember 30, 2019
30, 2018 (Audi
ember 30, 2018
ment of Cha
ptember 30
the period
udited)
ded June 30,
nded June 30,
nine months
ted)
the period
udited)
an integral part
em
cer
9 (Un‐audited)
ted)
8 (Un‐audited)
anges in Equ
0, 2019
3,768,009
‐
3,768,009
‐
‐
‐
3,768,009
‐
3,768,009
of these conde
Share
capital
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
uity
Merger
reserve
Sh
pre
543,413 21
‐
543,413 21
‐
‐
‐
543,413 21
‐
543,413 21
ensed interim
Rehan
Chief Exec
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
hare
mium
Reval
surp
propert
and equ
15,250 1,
‐
15,250 1,
‐
‐
‐
15,250 1,
‐
15,250 1,
financial inform
Rahman
cutive Officer
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Capital Re
luation
lus on
ty, plant
uipment
Accu
p
499,008 1
‐
,499,008 1
‐
‐ (
‐
,499,008 1
‐
,499,008 1
mation.
‐ (Rupees '000)
Reservesevenue
umulated
profit
0,141,524 1
746,776
0,888,300 1
(923,162)
1,130,403) (
5,243,034
4,077,769 1
743,916
4,821,685 1
Asim S
D
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
12,399,195 16
746,776
13,145,971 16
(923,162)
1,130,403) (1
5,243,034 5
16,335,440 20
743,916
17,079,356 20
Shabbir Patka
Director
eTotal
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
6,167,204
746,776
6,913,980
(923,162)
1,130,403)
5,243,034
0,103,449
743,916
0,847,365
Total
equity
‐‐‐‐‐‐‐‐‐‐‐‐‐
For the Quarter ended September 30, 2019 | 12
NoFo
1
2
2.1
2.2
3
4
5
otes to thr the Qua
THE CO
BASIS O
Statem
‐
‐
SIGNIF
ACCOU
PROPER
Operat
Capital
The pre
standar
judgme
Judgme
financia
year en
Feroze
Octobe
the Co
the pro
Scheme
These c
and rep
Where
require
This co
require
annual
The acc
interim
financia
Interna
Accoun
Provisio
he Condenarter end
OMPANY AN
OF PREPARA
ment of comp
ICANT ACCO
UNTING ESTI
RTY, PLANT
ing fixed as
work‐in‐pr
eparation o
rds, as appli
ents that aff
ents and es
al statemen
nded June 3
1888 Mills L
er 1972 unde
mpany are
oduction an
e # 3, Landh
condensed
porting stan
the provi
ement if IAS
ondensed in
e in the an
financial st
counting po
m financial s
al statemen
ational Acco
nting Standa
ons of and d
nsed Inteded Septe
ND ITS OPER
ATION
pliance
OUNTING P
IMATES AN
TAND EQUIP
ssets
rogress
of condense
icable in Pa
fect the app
stimates ma
nts are sam
30, 2019.
Limited (the
er the repea
quoted on
nd export o
hi Industrial
interim fin
ndards as ap
sions of a
S 34, the pro
nterim finan
nual financ
tatements f
olicies and m
statements
nts for the y
ounting Stan
ards Board (
directives is
erim Finaember 30
RATIONS
OLICIES
D JUDGMEN
PMENT
ed interim
akistan requ
plication of
ade by the
me as those
e company)
aled Compa
Pakistan St
of towels.
Area, Karac
ancial state
pplicable in
nd directiv
ovisions of a
ncial inform
cial stateme
or the year
methods of
are consist
year ended J
ndard (IAS)
IASB) as no
ssued unde
ncial Info0, 2019
NTS
financial st
uires the ma
policies and
manageme
applied in
) was incorp
anies Ordina
tock Exchan
The registe
chi.
ements hav
Pakistan fo
ves issued
and directiv
mation does
ents and sh
ended June
f computati
tent with t
June 30, 201
34 ‐ ‘Interi
tified unde
r the Comp
ormation
Not
5.1
5.2
tatements i
anagement
d the report
ent in the p
the Compa
porated in
ance, 1984 (
nge Limited
ered office
e been pre
r interim fin
under the
ves issued u
s not includ
hould be r
e 30, 2019.
ion adopted
hose applie
19.
im Financia
r the Comp
anies Act, 2
(U
te
1
2
Sep
‐‐‐‐‐
in conform
to make es
ted amount
preparation
any's annua
Pakistan as
(now Compa
d. The Comp
of the com
pared in ac
nancial repo
e Companie
under the Co
de all the in
ead in conj
d in the pre
ed in the p
al Reporting
anies Act, 2
2017.
Un‐audited)
12,749,622
1,855,460
14,605,082
ptember 30
2019
‐‐‐‐‐‐‐ Rupe
ity with ap
stimates, as
t of assets a
n of these c
al financial
s a Public Li
anies Act, 2
pany is prin
mpany is sit
ccordance w
orting which
es Act, 201
ompanies A
nformation
junction w
eparation o
preparation
g’, issued b
2017; and
(Aud
2 11,3
0 2,0
2 13,4
0, June 30
ees in '000 ‐‐
pproved acc
ssumptions
nd liabilitie
condensed
statements
imited Com
2017). The s
ncipally eng
tuated at H
with the acc
h comprise
17 differ w
Act, 2017 hav
and disclo
ith the Com
of these con
of annual
y the Intern
ited)
388,151
070,731
458,882
0, 2019
‐‐‐‐‐‐‐‐‐‐‐
counting
and use
es and
interim
s for the
mpany in
hares of
gaged in
H‐23/4‐A
counting
of:
with the
ve been
sures as
mpany's
ndensed
audited
national
For the Quarter ended September 30, 2019 | 13
5.1
5.1.
5.1.
5.2
Operat
Balance
Additio
Disposa
Deprec
Balance
.1 Details
Land ‐ L
Buildin
Leaseh
Plant a
Electric
Office e
Compu
Furnitu
Vehicle
.2
Capital
Balance
Additio
Transfe
‐ Opera
‐ Expen
Fixed a
Balance
Deprec
2018: R
ing fixed as
e at the beg
on during th
als during th
ciation charg
e at the end
of addition
Leasehold
g on leaseh
old improve
nd machine
c fittings / e
equipments
ters
ure and fixtu
es
work‐in‐pr
e at the beg
on during th
erred to
ating fixed a
nses / adjus
assets in tran
e at the end
ciation on o
s. 209.12 mi
ssets
ginning of th
he period / y
he period /
ged during t
d of the peri
n and dispos
hold land
ement
ery
quipments
s
ures
rogress
ginning of th
he period / y
assets
tment
nsit and sta
d of the peri
operating fix
illion).
he period /
year
year (NBV)
the period /
iod / year
sal are as fo
(U
he period /
year
nd‐by equi
iod / year
xed assets
Se
year
/ year
ollows:
Un‐audited)
‐
808,77
‐
847,34
24
1,13
3,72
49
2,15
1,663,87
year
pment
‐‐‐‐‐‐‐‐‐‐‐‐‐‐
for the per
Additio
eptember 30
2019
) (Audit
4 1,07
41 2,16
48 15
7 1
6 1
9
1 24
6 3,46
June 30
‐‐‐‐‐‐‐‐‐‐‐‐‐‐
riod amoun
ons (Cost)
0,
(U
ted) (U
949
9,894
9,011
6,202
1,230
7,711
5,275
5,582
4,021
9,875
(U
0, 2019
‐ Rupees in
Sep
‐‐‐‐‐
ted to Rs. 2
Sep
‐‐‐‐‐
Sep
Un‐audited)
11,388,151
1,663,876
13,052,027
(24,706
(277,699
(302,405
12,749,622
Un‐audited)
‐
‐
‐
(15,032
‐
(723
(881
(588
(7,482
(24,706
Un‐audited)
1,776,058
1,330,341
3,106,399
(1,650,702
‐
(1,650,702
1,455,697
399,763
1,855,460
n '000 ‐‐‐‐‐‐‐‐
ptember 30
2019
‐‐‐‐‐‐‐ Rupe
277.70 milli
ptember 30
2019
‐‐‐‐‐‐‐ Rupe
Dispo
ptember 30
2019
(Aud
1 8,9
6 3,4
7 12,4
6)
9) (9
5) (1,0
2 11,3
(Aud
2)
3)
1)
8)
2)
6)
(Aud
8 1,7
1 3,3
9 5,0
2) (3,2
2) (3,3
7 1,7
3 2
0 2,0
June 30
June 30
‐‐‐‐‐‐‐‐‐‐‐‐‐‐
0,
ees in '000 ‐‐
on (Septem
0, June 30
ees in '000 ‐‐
osal (NBV)
0,
ited)
939,671
469,875
409,546
(88,300)
933,095)
021,395)
388,151
ited)
‐
‐
‐
(61,205)
‐
(109)
(1)
(53)
(26,932)
(88,300)
ited)
727,930
354,417
082,347
224,237)
(82,052)
306,289)
776,058
294,673
070,731
0, 2019
0, 2019
‐‐‐‐‐‐
‐‐‐‐‐‐‐‐‐‐‐
mber 30,
0, 2019
‐‐‐‐‐‐‐‐‐‐‐
For the Quarter ended September 30, 2019 | 14
6
7
7.1
7.2
8
8.1
9
STOCK‐
ADVAN
OTHER
Advanc
‐ suppl
‐ empl
Deposi
Prepay
Other r
Sales ta
Export
Due fro
Others
This inc
This inc
LONG T
Term lo
Current
TRADE
Credito
Accrued
Worker
Worker
Advanc
Payable
Others
This re
amoun
30, 2019
These r
of mac
0.5%) p
Compa
quarter
911 mil
‐IN‐TRADE
NCES, DEPOS
RECEIVABLE
ces
liers
oyees
ts
yments
receivables
ax refundab
rebate / du
om Governm
cludes amou
cludes amou
TERM FINAN
oans
t portion
AND OTHER
ors
d liabilities
rs' profits pa
rs' welfare f
ce from cust
e to provide
presents ra
ting to Rs. 4
9: Rs. 2,931.
represents l
chinery. The
per annum.
ny. The prin
rly installm
lion (June 3
SITS, PREPA
ES
ble
ty drawbac
ment
unt of Rs. 28
unt of Rs. 28
NCING
R PAYABLES
articipation
fund
tomers
ent fund
aw materia
4,532.30 mi
.45 million,R
long term fi
ese carry m
These faci
ncipal portio
ents after g
30, 2019: Rs.
AYMENTS AN
k
8.63 million
81.05 millio
S
n fund
al in hand,
llion,Rs. 42
Rs. 51.10 mi
inance facil
mark‐up at t
lities are s
on of the lo
grace period
. 1,571 milli
ND
n (June 30, 2
on (June 30,
raw mater
7.66 million
illion, Rs. 2,
ities (LTFF)
he rates ra
ecured aga
oan is repaya
d of one ye
on).
Not
7.1
7.2
2019: Rs. 28.
2019 Rs. 15
Not
8.1
Not
9.1
9.2
ial in trans
n, Rs. 2,524.
330.14 milli
obtained f
nging from
inst specifi
able in five
ar. The unu
(U
te
1
2
63 million)
6.10 million
(U
te
1
(U
te
1
2
Sep
sit, work in
.17 million
ion and Rs.
Sep
‐‐‐‐‐
rom various
m SBP LTFF r
c charge on
and six yea
utilized port
Sep
‐‐‐‐‐
‐‐‐‐‐
Un‐audited)
305,068
293
305,361
31,507
309,250
767,878
546,748
607,172
53,098
1,974,896
2,621,014
paid to a re
n) outstandi
Un‐audited)
3,053,301
(384,408
2,668,893
Un‐audited)
2,136,581
3,222,249
37,500
28,781
24,662
23,199
50,814
5,523,786
ptember 30
2019
n process a
and Rs. 1,36
1,098.39 mi
ptember 30
2019‐‐‐‐‐‐‐ Rupe
s commerci
rate plus 0.
n plant and
ars through
tion of long
ptember 30
2019
‐‐‐‐‐‐‐ Rupe
‐‐‐‐‐‐‐ Rupe
(Aud
8 1
3
1 1
7
0 1
8 1
8 5
2 5
8
6 1,
4 1,
elated party
ing with a re
(Aud
1 2,2
8) (2
3 1,9
(Aud
1 1,
9 2,
0 3
1
2
9
4
6 4,
0, June 30
nd finished
69.52 millio
llion).
0, June 30
ees in '000 ‐‐
al banks fo
.5% (June 3
d machinery
semi‐annu
term finan
0, June 30
ees in '000 ‐‐
ees in '000 ‐‐
ited)
145,802
465
146,267
46,268
161,378
181,568
501,959
507,931
59,210
250,668
604,581
y .
elated pa
ited)
266,934
275,388)
991,546
ited)
545,488
966,013
300,626
22,706
10,625
19,297
45,933
910,688
0, 2019
d goods
on (June
0, 2019
‐‐‐‐‐‐‐‐‐‐‐
r import
30, 2019:
y of the
ually and
ce is Rs.
0, 2019
‐‐‐‐‐‐‐‐‐‐‐
‐‐‐‐‐‐‐‐‐‐‐
For the Quarter ended September 30, 2019 | 15
9.1
9.2
10
10.1
10.2
10.2
11
11.1
11.1
This inc
This inc
CONTIN
1 Conting
No con
2 Commi
Outstan
Outstan
Capital
2.1
COST O
Openin
Add: Co
Less: Cl
1 Cost of
Raw ma
Stores a
Salaries
Fuel, po
Insuran
Repair
Vehicle
Commu
Rent
Deprec
Amorti
Enterta
Other m
Openin
Closing
1.1 Raw ma
Opening
Purchas
Less: c
Post d
Author
cludes amou
cludes amou
NGENCIES A
gencies
tingencies e
itments
nding letter
nding letter
expenditur
OF SALES
ng stock of f
ost of goods
losing stock
goods man
aterial cons
and spares
s, wages an
ower and w
nce expense
and mainte
e running ex
unication an
ciation
zation
ainment
manufacturi
ng work‐in‐p
g work‐in‐pr
aterial cons
g stock
ses during th
losing stock
ated chequ
rities in resp
unt of Rs.41
unt of Rs.29
AND COMM
exist as at t
r of credit
r of guarant
re
finished goo
s manufactu
k of finished
nufactured
sumed
consumed
d other ben
water
e
enance
xpenses
nd transport
ing expense
process
rocess
sumed
he period
k
ues of Rs.2
pect of dutie
17.15 million
9.97 million
ITMENTS
he reportin
tee
ods
ured
d goods
nefits
tation
es
2,682 millio
es on impor
n (June 30, 2
(June 30, 20
g date.
on (June 3
rted items.
2019: nil) du
019: nil) due
Not
11.
11.1
11.1
30, 2019: R
ue to a relat
e to a relate
(U
te
1
1.1
1.2
Sep
Sep
‐‐‐
‐‐‐‐‐
Rs.2,367 mi
ted party.
ed party.
Un‐audited)
831,489
1,044,084
2,040,046
1,098,394
5,862,398
6,960,792
(1,369,523
5,591,269
3,424,516
779,164
923,862
582,969
8,026
14,834
3,870
20,926
29,066
257,543
136
810
10,701
6,056,423
2,330,145
(2,524,170
5,862,398
2,931,448
5,025,368
7,956,816
(4,532,300
3,424,516
(Un‐
ptember 30
2019
ptember 30
2019
‐‐‐‐‐‐‐ Rupe
‐‐‐‐‐‐‐ Rupe
llion) are
(Aud
9 1,
4 9
6 1,
4 8
8 4,
2 5,
3) (9
9 4,
6 2,9
4 6
2 7
9 4
6
4
0
6
6
3 1
6
0
1
3 5,
5 1,
0) (1,7
8 4,
8 1,
8 4,
6 6,
0) (3,3
6 2,
‐audited)
0,
0, Septem
20
ees in '000 ‐‐
June 30
ees in '000 ‐‐
issued to
ited)
193,693
975,308
235,205
846,471
799,760
646,231
903,363)
742,868
924,851
619,884
794,985
448,323
6,307
12,050
3,756
14,070
27,682
188,127
118
567
9,663
050,382
470,271
720,894)
799,759
575,528
732,916
308,444
383,593)
924,851
mber 30,
18
‐‐‐‐‐‐‐‐‐
0, 2019
‐‐‐‐‐‐‐‐‐‐‐
Custom
For the Quarter ended September 30, 2019 | 16
11.1
12
12.1
13
13.1
14
15
1.2
OTHER
Loss / (
Worker
Worker
Donatio
Audito
Exchan
1
Exchan
Profit o
Profit o
1
FINANC
TRANSA
Nature
Transac
Sale of
Purchas
Market
Disposa
Rent ex
Donatio
Donatio
two dir
Related
key ma
the qua
follows
OTHER
This inc
provide
The Co
the fina
This re
30, 2018
EXPENSES
gain) on dis
rs' profit pa
rs' welfare f
ons
rs' remuner
ge differen
ge differen
on short term
on long term
CIAL RISK M
ACTIONS W
of transact
ction with a
goods
ses
ting Fee
al of fixed a
xpense
on
ons include
rectors have
d parties of
anagement p
arter, other
s:
INCOME
cludes an a
ent fund an
mpany's fin
ancial state
presents pr
8: Nil).
sposal of op
rticipation f
fund
ration
ces on reali
ces on reali
m investme
m investmen
MANAGEMEN
WITH RELATE
ion
associates
asset
the donati
e interest.
f the Comp
personnel a
than those
mount of R
d Rs. 27.92 m
nancial risk m
ments as at
rofit on sho
perating fixe
fund
ization of ex
ization of ex
ent
nts
NT
ED PARTIES
on of Rs. Ni
pany compr
and staff pro
which have
Rs. 20.14 mi
million in re
managemen
t and for the
ort term inve
ed asset ‐ ne
xport receiv
xport receiv
l (Septemb
ise associat
ovident fun
e been discl
llion (Septe
espect of st
nt objective
e year ende
estments ra
Not
et
12.
vables
Not
vables
13.
Not
15.2
er 30, 2018
tes, directo
nd. Details o
losed elsew
ember 30, 2
aff gratuity
e and policie
d June 30, 2
anging from
te
1
te
1
te
2
‐‐‐‐‐
Rs. 1.2milli
‐‐‐‐‐
Sep
‐‐‐‐‐
ors, major s
of transactio
where in the
Sep
2018: Rs. 17.
expense (S
es are consi
2019.
Sep
m 9.54% to 1
270
37,500
6,075
500
1,058
377,987
423,390
‐
66,961
5,298
72,259
296,199
949
301,840
6,383
29,966
‐
‐‐‐‐‐‐‐ Rupe
ion) to Indu
‐‐‐‐‐‐‐ Rupe
ptember 30
2019
‐‐‐‐‐‐‐ Rupe
hareholder
ons with rel
ese financia
ptember 30
2019
.24 million)
September 3
istent with
ptember 30
2019
14.59% per a
(Un‐
(Un‐
(Un‐
0
0
5
0
8
7
0
1
1
8
9 1
9 3
9
0 2
3
6
ees in '000 ‐‐
us Hospital i
ees in '000 ‐‐
0, Septem
20
ees in '000 ‐‐
rs of the Co
ated partie
al statement
0, Septem
20
in respect
30, 2018: Rs
that as disc
0,
annum (Sep
Septem
20
‐audited)
‐audited)
‐audited)
(2,079)
42,136
4,892
1,282
563
‐
46,794
145,360
‐
‐
145,360
387,403
976
216,833
‐
28,539
1,207
‐‐‐‐‐‐‐‐‐‐‐
n which
‐‐‐‐‐‐‐‐‐‐‐
mber 30,
18
‐‐‐‐‐‐‐‐‐‐‐
ompany,
s during
ts are as
mber 30,
18
of staff
.Nil).
closed in
ptember
mber 30,
18
For the Quarter ended September 30, 2019 | 17
15.1
15.2
Transac
Meetin
Transac
Remun
Post‐em
Transac
Contrib
Net pay
1
1888 M
The Ind
Citizen
Friends
UTI Ind
Feroze
Mr. Reh
Mr. Jon
Mr. Kha
Mr. Sha
Mr. Per
Mr. Nas
Ms. Hu
Mr. Asi
Mr. Usa
Mr. Mu
Mr. Mu
2 These f
Follow
arrange
ction with d
ng fee
ction with k
eration pai
mployment
ction with o
bution to sta
yable to sta
Particula
ills LLC, USA
dus Hospital
Police Liais
ship (Private
ustries (Priv
1888 Mills L
han Rehman
nathan R. Sim
aleequr Reh
abbir Ahme
rwez Ahmed
sim Hayder
ma Pasha
m Shabbir P
ama Rehma
hammad Fa
hammad Us
fixed assets
ing are the
ement / agr
directors
key manage
d
t benefits
other related
aff providen
ff providen
ar
A
l
son Commit
e) Limited
vate) Limite
Limited ‐ Pro
n
mon
hman
d
d
Patka
n
aheem
sama Siddiq
s sold to a re
e related p
eement in p
ement perso
d party
nt fund
nt fund
ttee (CPLC)
ed
ovident Fun
qui
elated party
arties with
place
onnel
C
C
C
C
C
nd Re
Chief E
Key
Key
y carried at
whom the
Common Di
Common Di
Common Di
Common Di
Common Di
etirement b
Executive O
Direc
Direc
Direc
Direc
Direc
Direc
Direc
Direc
Manageme
Manageme
NBV of Rs. 4
e Company
Relatio
(U
rectorship
rectorship
rectorship
rectorship
rectorship
benefit fund
Officer / Dire
ctor
ctor
ctor
ctor
ctor
ctor
ctor
ctor
ent Personn
ent Personn
4.79 million
‐‐‐‐‐
Sep
Sep
‐‐‐‐‐
had enter
onship
4,200
14,046
816
32,154
Un‐audited)
23,199
d
ector
nel
nel
.
‐‐‐‐‐‐‐ Rupe
ptember 30
2019
ptember 30
2019
‐‐‐‐‐‐‐ Rupe
red into tra
(Un‐
0
6
6
4
(Aud
9
5.08
‐
‐
‐
‐
‐
2.24
‐
3.13
19.88
5.46
0.00
0.00
2.01
2.04
‐
‐
ees in '000 ‐‐
0, June 30
0, Septem
20
ees in '000 ‐‐
ansactions
Aggrega
shareh
‐audited)
910
15,754
859
27,089
ited)
19,927
877%
‐
‐
‐
‐
‐
443%
‐
363%
894%
624%
001%
001%
114%
460%
‐
‐
‐‐‐‐‐‐‐‐‐‐‐
0, 2019
mber 30,
18
‐‐‐‐‐‐‐‐‐‐‐
or have
ate % of
holding
For the Quarter ended September 30, 2019 | 18
16
17
17.1
17.2
Date of
Genera
1 Corresp
2 All figu
Muha
Chief
This co
held on
f authorizat
al
ponding figu
res have be
ammad Fah
Financial Of
ndensed in
n October 23
ion
ures have b
een rounde
eem
fficer
terim finan
3, 2019.
been reclass
d‐off to the
C
cial informa
sified / rear
e nearest th
Rehan R
Chief Execu
ation was au
ranged whe
ousand rup
Rahman
utive Officer
uthorized fo
erever nece
ees, unless
r
or issue in t
essary for be
s otherwise
Asim Sh
Di
the Board of
etter presen
stated.
habbir Patka
irector
f Directors m
ntation.
a
meeting
For the Quarter ended September 30, 2019 | 19