Gharibwal Cement : Transmission of Quarterly Report for the Period Ended September 30, 2022
November 02, 2022 at 01:50 am EDT
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CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED)
AS AT SEPTEMBER 30, 2022
Un-Audited
Audited
30-09-2022
30-06-2022
Note
(Rupees in 000s)
ASSETS
NON CURRENT ASSETS
Property, plant and equipment
5
19,086,609
18,870,620
Intangible asset
3,980
5,727
Loan and advances
8
9,874
6,624
Deposits
47,253
47,253
19,147,716
18,930,224
CURRENT ASSETS
Inventories
6
4,018,044
4,561,373
Trade and other receivables
7
738,745
483,277
Loan and advances
8
594,209
596,609
Deposits
39,440
34,848
Prepayments
213,001
196,608
Advance income tax -net
136,442
298,025
Cash and bank balances
1,261,675
1,098,126
7,001,556
7,268,866
TOTAL ASSETS
26,149,272
26,199,090
EQUITY AND LIABILITIES
EQUITY
Share capital
4,002,739
4,002,739
Revaluation surplus on property, plant and equipment
4,194,202
4,283,107
Retained earnings
8,686,029
8,561,778
16,882,970
16,847,624
NON CURRENT LIABILITIES
Borrowings
518,466
643,371
Deferred taxation
4,472,979
4,579,644
Employees' benefits obligations
15,577
16,149
5,007,022
5,239,164
CURRENT LIABILITIES
Trade and other payables
2,425,391
2,485,379
Borrowings
692,658
845,877
Lease liability
2,476
5,487
Markup and profit payable
122,784
119,580
Employees' benefits obligations
607,917
582,227
Contract liabilities
225
55,084
Dividend payable/unclaimed
407,829
18,668
4,259,280
4,112,302
CONTINGENCIES AND COMMITMENTS
9
TOTAL EQUITY AND LIABILITIES
26,149,272
26,199,090
The annexed notes form an integral part of these financial statements.
CHIEF EXECUTIVE OFFICER
CHIEF FINANCIAL OFFICER
DIRECTOR
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Gharibwal Cement Ltd. published this content on 02 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2022 05:49:03 UTC.
Gharibwal Cement Limited is a Pakistan-based company, which is engaged in production and sales of cement. It offers ordinary Portland cement (OPC) that is used in all general constructions. Its cement has 28 days strength up to 10000 PSI, and meets the standards PS 232-2008 (R): BS 12:1996; ASTM C-150, Type I; and BS EN-197-1 Strength Class 42.5 N. The Company has a plant with 6700 ton per day clinker production capacity. Its specialized equipment and parts include raw mill, coal mill, electrical instruments, packing plant are Europe origin. The Company also have in-house power generation plant of 38 megawatts (MW). Its 13.5 kilometers (Km) long conveyor belt can transport 1200 ton per hour of raw materials from quarry hill down to pre-blending yard. This down-hill conveyor belt also generates electricity up to approximately 1.1 MW. The plant is located in Ismailwal, Pind Dadan Khan Tehsil, Chakwal District, Punjab Province, Pakistan.