Aa.maple Leaf Cement Factory Ltd

8/14/2019 Aa.maple Leaf Cement Factory Ltd

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BALANCE SHEET OF MAPLE

ASSETS 2008

NON -CURRENT ASSETS .RUProperty,Plant And Equipment 20,081,448

Intangible Assets 15,082

Investments 0

Loans to employees 6,121

Deposits and prepayments 54,014

20,156,665

CURRENT ASSETSStores,Spare and loose tools 3,325,744

Stock in trade 433,952

trade debts 743,366

Fair value derivative financial instruments 365,748

Loans and advances 82,814

Investments 734,859

Deposits and short term prepayments 54,532

Accrued profit 763

Sale tax,customs and excise duty 57,769

Due from gratuity fund trust 9,768

Other receivables 21,780

Taxation - net 44,907

Cash and bank balances 118,894

5,994,896

TOTAL ASSETS 26,151,561

EQUITY AND LIABILTIESShare Capital and Reserves

Authorized Capital 5,000,000

Issued,subscribed and paid up capital 4,264,108Reserves 4,644,355

Unappropriated profit (547,574)

Total Equity 8,360,889

LIABILTIES

NON -CURRENT LIABILTIESLoans from related parties 35,224

Long Term loans and finance 241,539

Redeemable capital 8,000,000


2/22

Syndicated term finance 1,000,000

Liabilties against assets subject to finance lease 957,434

Lease finance advances and accured interest thereon 0

Long Term deposits 2,582

Deferred taxation 154,741

Employee' compensated absences 16,688

10,408,208

CURRENT LIABILTIESCurrent portion of:

redeemable capital 0

Long Term loans and finances 0

syndicated term finace 1,080,000

Liabilties against assets subject to finance lease 188,011

Short term finance 3,369,738Trade and other payable 2,495,559

Accured profit and interest / mark-up 194,568

Taxation -net 0

Dividends 54,588

7,382,464

TOTAL EQUITY AND LIABILTIES 26,151,561


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LEAF

2007 2006

EES IN THOUSAND...19,330,866 16,088,505

4,578 0

0 368,881

6,373 7,127

43,200 15,923

19,385,017 16,480,436

2,014,580 1,847,926

369,709 200,946

194,587 163,459

242,226 0

85,544 299,257

944,669 0

15,373 7,314

402 559

37,742 34,611

8,539 0

1,198 9,452

14,029 0

123,359 100,938

4,051,957 2,664,462

23,436,974 19,144,898

5,000,000 5,000,000

4,264,108 3,519,581

4,457,328 3,063,529

271,601 972,594

8,993,037 7,555,704

250,000 0

8,576,657 7,868,948

0 0


4/22

0 0

268,040 12,226

679,676 74,146

2,702 2,977

897,183 971,128

13,192 10,250

10,687,450 8,939,675

0 41,650

1,792,519 538,530

0 0

13,858 4,481

797,585 947,160

719,311 752,172

378,675 279,112

0 31,828

54,539 54,586

3,756,487 2,649,519

23,436,974 19,144,898


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property plant and equipmentcost

accumulated dep upto last years

accumulated dep for current year

intangible assets

cost

accumlated amortization of last years

for this year


6/22


7/22

2,008 2,00725,497,863 12,568,735

4,857,273 4,429,222

865,546 439,254

(1,902) (11,146)

(4) 863,640 5,720,913 (57) 428,051 4,857,273

19,776,950 7,711,462

23,250 6,769

2,191 0

5,977 8,168 2,191 2,191

15,082 4,578


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PROFIT AND LOSS ACCOUNT

2008 2007

RUPEES IN THOUSANDSales 7,815,829 3,711,081Cost of sales (6,491,999) (3,401,188)

Gross profit 1,323,830 309,893Administrative expences (121,236) (67,291)

Distribution cost (834,849) (69,021)

Other operating expences (24,838) (18,371)

(980,923) (154,683)

342,907 155,210Other operating income 105,656 43,224

Operating profit from operation 448,563 198,434

Finance cost (1,812,807) (338,453)

Profit / (Loss) after taxation (1,364,244) (140,019)Taxation

Current 44,815 (9,477)

Deferred (732,924) (172,589)

(688,109) (182,066)

Profit after taxation (676,135) 42,047RUPEES.


10/22

2006

5,709,792

(3,561,212)

2,148,580

(60,474)

(20,961)

(118,024)

(199,459)

1,949,12126,671

1,975,792

(340,978)

1,634,814

(28,536)

(547,038)

(575,574)

1,059,240


11/22

Cash flow from operating activities

Loss for the year: before taxation

Adjstment for non cash charges and other items:

Depreciation

Amortization

Gain on disposal of operating fixed assets-net

Employee compensated absencesFinance cost

Provision for obsolete stores and spares

Profit on bank deposits

Investment income-net

Dividend income

Cash inflow from operating activities before working capital changes

(increase)/decrease in current assets:

Stores,spares and loose tools

Stock in trade

Trade debts

Loan and advances

Deposits and short term prepayments

Sales tax, customs and excise duty

Due from gratuity fund trust

Other receivables

Increase/(decrease) in trade and other payables

Cash in flow from operating activities-before taxation

Tax paidCompensated absences paid

Net cash inflow from operating activities-after taxation

Cash flow from investing activitiesFixed capital expenditure

CASH FLOW STATE


12/22

Sale proceed from fixed assets

Loan to employees

Investments

Deposits and prepayments

Profit on bank deposits received

Dividend income

Investment income

Net cash out flow from investing activities

Cash flow from financing activitiesProceed from issue of ordinary shares

Share premium on issue of ordinary shares- net

Term finance certificates redeemed

Loan from related party

Long term loan and finances

Redeemable capialSyndicated term finances-net

Long term deposits from stockists-net

Lease finances - net

Short term finances-net

Finance cost paid

Ordinary dividend paid

Preferance dividend paid

Net cash inflow from financing activities

Net (decrease)/increase in cash and cash equivalent

Cash and cash equivalents-at the beginning of the year

Cash and cash equivalents-at the end of the year


13/22


14/22


15/22

2,008 2,007RUPEES IN THOUSAND

(1,364,244) (140,019)

865,546 439,254

5,977 2,191

(725) (5,905)

7,137 6,9791,812,807 338,453

0 2,273

(5,046) (1,294)

(43,403) 0

(12,021) (6,094)

1,266,028 635,838

(1,311,164) (168,927)

(64,243) (168,763)

(548,779) (31,128)

2,873 213,626

(39,159) (8,059)

(20,027) (3,131)

(1,229) (8,539)

(20,582) 8,254

1,776,248 (32,861)

(226,062) (199,528)

1,039,966 436,310

(75,693) (36,380)(3,641) (4,037)

960,632 395,893

(1,634,403) (3,690,937)

ENT


16/22

2,519 8,458

109 841

173,551 (200,000)

(10,814) (27,277)

4,685 1,451

12,021 6,094

43,403 0

(1,408,929) (3,901,370)

0 744,527

0 184,183

0 (41,650)

(214,776) 250,000

(10,127,637) 1,961,698

8,000,000 02,080,000 0

(120) (275)

183,871 870,721

2,572,153 (149,575)

(1,996,914) (238,890)

(14) (128)

(52,731) (52,713)

443,832 3,527,898

(4,465) 22,421

123,359 100,938

118,894 123,359


17/22

depreciation charges for the year

cost of goods sold

admin expense

other manufacturing exp

unallocated capital expendituretrial run operation

total

intangible assets

computer software

23.6 disposal of operating fixed as

41. administrative expenses

provision for obsolete stores and spare

44. other operating income

income from financial assets

profit on bank deposits

dividends

investment income-net

income from non financial assets

sale of scrap

gain on disposal of operating fixed ass

misc.

37. taxation-net

tax deducted at source and advance ta

opening bal. of advance tax(provision)

add: provision/ (write back) made fo

- current year


18/22

- prior year-net

loans to employees

house buildind

vechicles

others

less:revocable with in one year groupe

disposal of operating fixed assets

cost

accum. Dep

book value

sale proceeds


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20/22


21/22

2,008 2,009

Rupees in thousand

842,121 415,841

11,056 3,182

103 99

14,27312,266 5,859

865,546 439,254

amortization

Rupees in thousand

39,263 year 39,629

2,191 5,977 8,168

2,191 2,191

sets gain

2,008 2,007

725 5,905

2,008 2,007

s 0 2,273

2,008 2,007

Rupees in thousand

5,046 1,294

12,021 6,094

43,403 0

38,850 25,599

ts 725 5,905

5,611 4,332

105,656 43,224

2,008 2,007

x deposits 75,693 36,380

14,029 (31,828)

45,281 20,450


22/22

(466) (29,927)

44,815 (9,477)

44,907 14,029

6,750 6,749

2,576 2,709

401 378

9,727 9,836

under current asset 3,606 3,463

6,121 6,373

2,008 2,007

3,696

1,902

1,794

2,519 8,458

Aa.maple Leaf Cement Factory Ltd

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