FAUJI CEMENT COMPANY LIMITED
FAUJI CEMENT COMPANY LIMITED Balance Sheet For the Year Ended June 30, 2008 2008 Assets Non Current Assets Property, plant and Equipment 68,324,858 Long Term Investments 23273968% Long Term Deposits 9438485 ### CURRENT ASSETS Stores, spares and tools 28,384,716 Stock in trade 573,366,195 Trade Debts 189,960,771 Load and Advances 31,204,349 Trade deposits and short term prepayments 1,418,301 Markup accrued 924,296 Other receviables 374,228 Tax refunds due from Government 8,543,681 Cash and bank balances 85,525,197 2007 571,553,404 23290157% 10292127 ### 25,694,635 419,399,422 144,276,311 59,580,809 548,063 3,974,493 558,084 16,419,744 69,656,656 ### ### ### ### 2008 2007 SHARE CAPITAL AND Reserves Share capital (15000000*10) ### ### Issued, subscribd and paid up share capital 121,000,000 110,000,000 Reserves 24,915,809 24,919,634 Unappropriated profit 109,367,912 108,907,196 ### ### Surplus on revaluation of property, plant78,229,066 and equipment 78,229,066 Deferred income 1,137,508 1,516,677 9,468 8,277 NON CURRENT LIABILITIES Long term financing 167,729,250 152,958,000 Liabilities againest assets subject to finance lease 88,337,740 118,541,635 Long term mudarba Deferred Liabilities 22,304,254 13,215,655 ### ### CURRENT LIABILITIES Trade and other payable 131,658,959 138,071,667 Markup accrued on loans 23,793,447 17,281,762 Short term borrowings 698,460,457 493,202,267 Current portion of: long-term financing 24,100,900 Liabilities againest assets subject to finance lease 30,703,745 Long term mudarba Provision for taxation ### ### 23,068,000 31,060,110 23,333,334 10,938,922 ### ### PARAMOUNT SPINNING MILLS LIMITED Profit & Loss Statement For the Year Ended June 30, 2008 Actual Statement Sales - net Less: Cost of Sales Vertical Analysis 2008 2007 2,549,115,134 1,986,269,379 (2,195,239,600) (1,682,130,933) Horizontal Analysis Sales - net Less: Cost of Sales 2008 100% -86.12% 2007 100% -84.69% Sales - net Less: Cost of Sales 2008 100% 100% 2007 100% 98% Gross Profit 353,875,534 304,138,446 Gross Profit 13.88% 15.31% Gross Profit 100% 198% Other operating income 38,023,725 391,899,259 5,637,260 309,775,706 Other operating income 1.49% 15.37% 0.28% 15.60% Other operating income 100% 100% 19% 217% Less: Distribution cost -2.93% Administration expenses -2.21% Other operating expenses -0.20% Finance cost -7.14% -12.48% -3.19% -2.48% -0.38% -7.99% -14.06% 100% 100% 100% 100% 100% 109% 112% 194% 112% 113% (14,534,416) Share of Loss from associates -0.02% -0.73% Share of Loss from associates100% 33.43% Less: Distribution cost Administration expenses Other operating expenses Finance cost (74,802,068) (63,455,924) (56,298,111) (49,339,022) (5,010,556) (7,585,705) (181,907,952) (158,794,462) (318,018,687) (279,175,113) Share of Loss from associates (558,003) Less: Distribution cost Administration expenses Other operating expenses Finance cost NET PROFIT BEFORE TAX 73,322,569 16,066,177 NET PROFIT BEFORE TAX 2.88% 0.81% NET PROFIT BEFORE TAX 100% 28% Less: Taxation (47,550,225) (14,660,431) Less: Taxation -1.87% -0.74% Less: Taxation 100% 40% NET PROFIT AFTER TAX 25,772,344 1,405,746 NET PROFIT AFTER TAX 1.01% 0.07% NET PROFIT AFTER TAX 100% 7% Earning Per Share 1.93 0.11 NNING MILLS LIMITED oss Statement Ended June 30, 2008 Horizontal Analysis 2008 1,198,784,642 ### 180,063,549 (21,696,402) (20,711,349) (7,535,491) (114,229,397) ### 987,636 (13,087,126) (#REF! ) MUSLIM COMMERCIAL BANK (MCB) Profit & Loss Statement For the Year Ended June 30, 2008 (Rs In '000') Mark-up / return / interest earned Mark-up / return / interest expensed NET MARK-UP / INTEREST INCOME Provision for diminution in the value of investments - net Provision againest loan and advances - net Bed debts written off directly Net mark-up / interset after provisions non-markup / interset income Fee, commission and brokerage income Dividend income Income from dealing in forign currencies Gain on sales of securities - net Unrealised loss on revalution of investments classified as held for trading Other income - net Total non-mark-up / interest income 2008 40,043,824 11,560,740 28,483,084 2007 31,786,595 7,865,533 23,921,062 2,683,994 1,335,127 4,019,121 24,463,963 105,269 2,959,583 199 3,065,051 20,856,011 Profit before taxation Taxation - Current year Prior year Deferred 2,634,610 632,300 693,408 1,500,865 (13,105) 942,362 5,791,440 1,000,149 6,448,227 30,255,403 non-markup / interest expenses Administrative expenses Other provision / (reversal) - net Other charges Total non-mark-up / interest expenses Extra ordinary / unusual item 2,866,729 617,554 727,564 740,429 (103,198) 27,304,238 7,546,878 10,120 830839 8,387,837 - 5,426,116 (3,743) 573830 5,996,203 - 21,867,566 21,308,035 7341257 ((864824) 16533 6442356 ((1294473) 894590 6492966 6042473 Profit after taxation 15,374,600 15,265,562 Unappropriated profit brought forward 5130750 21319 5152069 20,526,669 5530973 11855 5542828 20,808,390 24.47 24.3 Transfer from surplus on revaluation of fixed assets - net of tax Profit available for appropriation Basic and dilited earning per sgare - after tax MUSLIM COMMERCIAL BANK (MCB) Profit & Loss Statement For the Year Ended June 30, 2008 Vertical Analysis (Rs In '000') Mark-up / return / interest earned Mark-up / return / interest expensed NET MARK-UP / INTEREST INCOME Provision for diminution in the value of investments - net Provision againest loan and advances - net Bed debts written off directly Net mark-up / interset after provisions non-markup / interset income Fee, commission and brokerage income Dividend income Income from dealing in forign currencies Gain on sales of securities - net Unrealised loss on revalution of investments classified as held for trading Other income - net Total non-mark-up / interest income 2008 100% 28.87% 71.13% 2007 100% 24.74% 75.26% 6.70% 3.33% 0.00% 10.04% 61.09% 0.33% 9.31% 0.00% 9.64% 65.61% 7.16% 1.54% 1.82% 1.85% -0.26% 8.29% 1.99% 2.18% 4.72% -0.04% 2.35% 14.46% 3.15% 20.29% 75.56% 85.90% non-markup / interest expenses Administrative expenses Other provision / (reversal) - net Other charges Total non-mark-up / interest expenses Extra ordinary / unusual item 18.85% 0.03% 2.07% 20.95% 0.00% 17.07% -0.01% 1.81% 18.86% 0.00% Profit before taxation 54.61% 67.03% Taxation - Current year Prior year Deferred 18.33% -2.16% 0.04% 20.27% -4.07% 2.81% 16.21% 19.01% Profit after taxation 38.39% 48.03% 12.81% Transfer from surplus on revaluation of fixed assets - net of tax 0.05% 12.87% 51.26% Profit available for appropriation 17.40% 0.04% 17.44% 65.46% Unappropriated profit brought forward MUSLIM COMMERCIAL BANK (MCB) Profit & Loss Statement For the Year Ended June 30, 2008 Horizontal Analysis (Rs In '000') Mark-up / return / interest earned Mark-up / return / interest expensed NET MARK-UP / INTEREST INCOME Provision for diminution in the value of investments - net Provision againest loan and advances - net Bed debts written off directly Net mark-up / interset after provisions non-markup / interset income Fee, commission and brokerage income Dividend income Income from dealing in forign currencies Gain on sales of securities - net Unrealised loss on revalution of investments classified as held for trading Other income - net Total non-mark-up / interest income (Rs In '000') 2008 126% 146.98% 119.07% 2007 100% 100% 100% 2549.65% 45.11% 0.00% 131.13% 117.30% 100% 100% 100% 100% 100% 108.81% 97.67% 104.93% 49.33% 787.47% 100% 100% 100% 100% 100% 94.22% 89.81% 100% 100% 110.81% 100% non-markup / interest expenses Administrative expenses Other provision / (reversal) - net Other charges Total non-mark-up / interest expenses Extra ordinary / unusual item 139.08% -270.37% 144.79% 139.89% 100% 100% 100% 100% 100% Profit before taxation 102.63% 100% Taxation - Current year Prior year Deferred 113.95% 66.81% 1.85% 100% 100% 100% 107.46% 100% Profit after taxation 100.71% 100% 92.76% Transfer from surplus on revaluation of fixed assets - net of tax179.83% 92.95% 98.65% Profit available for appropriation 100% 100% 100% 100% Unappropriated profit brought forward ATLAS BATTERY LIMITED Profit & Loss Statement For the Year Ended June 30, 2008 Actual Statement Rupee in '000' Vertical Analysis 2008 2,628,820 (2,241,937) 2007 1,585,648 (1,294,026) Gross Profit 386,883 Other operating income Sales - net Less: Cost of Sales Distribution cost Administration expenses Other operating expenses Finance cost NET PROFIT BEFORE TAX Less: Taxation NET PROFIT AFTER TAX Earning Per Share - basic and diluted Horizontal Analysis Sales - net Less: Cost of Sales 2008 100% -85.28% 2007 100% -81.61% Sales - net Less: Cost of Sales 2008 100% 100% 2007 60% 57.72% 291,622 Gross Profit 14.72% 18.39% Gross Profit 100% 75.38% 1,929 388,812 1,296 292,918 Other operating income 0.07% 14.79% 0.08% 18.47% Other operating income 100% 100% 67.19% 75.34% (114,957) (55,957) (12,231) (41,536) (224,681) (96,481) (42,661) (9,477) (22,042) (170,661) -4.37% -2.13% -0.47% -1.58% -8.55% -6.08% -2.69% -0.60% -1.39% -10.76% 100% 100% 100% 100% 100% 83.93% 76.24% 77.48% 53.07% 75.96% 164,131 122,257 (57,334) 106,797 15.27 Less: Distribution cost Administration expenses Other operating expenses Finance cost Less: Distribution cost Administration expenses Other operating expenses Finance cost NET PROFIT BEFORE TAX 6.24% 7.71% NET PROFIT BEFORE TAX 100% 74.49% (34,747) Less: Taxation -2.18% -2.19% Less: Taxation 100% 60.60% 87,510 NET PROFIT AFTER TAX 4.06% 5.52% NET PROFIT AFTER TAX 100% 81.94% 12.51 TTERY LIMITED oss Statement Ended June 30, 2008 Horizontal Analysis 2008 2,628,820 (2,241,937) 2007 1,585,648 (1,294,026) 386,883 291,622 1,929 388,812 1,296 292,918 (114,957) (55,957) (12,231) (41,536) (224,681) (96,481) (42,661) (9,477) (22,042) (170,661) 164,131 122,257 (57,334) 106,797 15.27 (34,747) 87,510 12.51 ...PARAMOUNT SPINNING MILLS LIMITED Profit & Loss Statement For the Year Ended June 30, 2008 Actual Statement Sales - net Less:... PROFIT AFTER TAX 1.01% 0.07% NET PROFIT AFTER TAX 100% 7% Earning Per Share 1.93 0.11 NNING MILLS LIMITED oss Statement Ended June 30, 2008 Horizontal Analysis 2008 1,198,784,642 ### 180,063,549... available for appropriation 100% 100% 100% 100% Unappropriated profit brought forward ATLAS BATTERY LIMITED Profit & Loss Statement For the Year Ended June 30, 2008 Actual Statement Rupee in ''000''