31 January 2022 | 30 June 2021 | 31 January 2022 | 30 June 2021 | ||||
Note | Rupees | Rupees | Note | Rupees | Rupees | ||
EQUITY AND LIABILITIES | ASSETS | ||||||
SHARE CAPITAL AND RESERVES | NON-CURRENT ASSETS | ||||||
Authorized share capital | 3 | 4,200,000,000 | 4,200,000,000 | Fixed assets | 13 | 19,354,958,393 | 17,224,473,737 |
Right-of-use assets | 14 | 88,883,196 | 107,398,163 | ||||
Issued, subscribed and paid-up share capital | 3 | 2,401,190,290 | 2,401,190,290 | Intangible asset | 15 | 632,033 | 278,170 |
Reserves | 4 | 20,795,787,708 | 16,594,945,741 | Long term investments | 16 | 1,886,681,200 | 1,886,681,200 |
Total equity | 23,196,977,998 | 18,996,136,031 | Long term loans to employees | 17 | 21,797,593 | 18,710,927 | |
Long term security deposits | 31,334,353 | 30,467,609 | |||||
21,384,286,768 | 19,268,009,806 | ||||||
LIABILITIES | |||||||
NON-CURRENT LIABILITIES | CURRENT ASSETS | ||||||
Long term financing | 5 | 10,072,732,737 | 6,402,802,708 | Stores, spare parts and loose tools | 18 | 2,438,431,549 | 1,729,136,103 |
Lease liabilities | 6 | 59,406,338 | 74,518,895 | Stock-in-trade | 19 | 25,517,532,735 | 18,214,419,656 |
Deferred liabilities | 7 | 562,822,992 | 191,412,367 | Trade debts | 20 | 8,746,632,600 | 6,782,425,428 |
10,694,962,067 | 6,668,733,970 | Loans and advances | 21 | 2,578,037,588 | 3,269,989,437 | ||
CURRENT LIABILITIES | Short term prepayments | 55,006,110 | 44,440,439 | ||||
Other receivables | 22 | 3,070,687,465 | 1,752,633,789 | ||||
Trade and other payables | 8 | 6,196,262,329 | 4,093,556,015 | Advance income tax - net | 23 | 146,476,101 | 278,858,017 |
Accrued mark-up / profit | 9 | 253,373,642 | 271,720,913 | Short term investments | 24 | 223,370,407 | 157,494,433 |
Short term borrowings | 10 | 21,521,500,797 | 18,897,913,417 | Cash and bank balances | 25 | 175,111,562 | 272,634,954 |
Current portion of non-current liabilities | 11 | 2,415,266,057 | 2,792,063,629 | 42,951,286,117 | 32,502,032,256 | ||
Unclaimed dividend | 57,229,995 | 49,918,087 | |||||
30,443,632,820 | 26,105,172,061 | ||||||
Total liabilities | 41,138,594,887 | 32,773,906,031 | |||||
CONTINGENCIES AND COMMITMENTS | 12 | ||||||
TOTAL EQUITY AND LIABILITIES | 64,335,572,885 | 51,770,042,062 | TOTAL ASSETS | 64,335,572,885 | 51,770,042,062 |
The annexed notes form an integral part of these financial statements. Statement under section 232 of the Companies Act, 2017
These financial statements have been signed by two directors and chief financial officer instead of chief executive, one director and chief financial officer as the chief executive is not available for the time being in Pakistan.
_____________________ | ______________ | ____________________________ |
DIRECTOR | DIRECTOR | CHIEF FINANCIAL OFFICER |
NISHAT (CHUNIAN) LIMITED
STATEMENT OF PROFIT OR LOSS
FOR THE SEVEN MONTHS PERIOD ENDED 31 JANUARY 2022 | |||
Seven months | |||
period from 01 | Year ended 30 | ||
July 2021 to 31 | June 2021 | ||
January 2022 | |||
Note | Rupees | Rupees | |
REVENUE | 26 | 36,241,890,207 | 49,283,753,375 |
COST OF SALES | 27 | (28,053,733,640) | (40,314,606,582) |
GROSS PROFIT | 8,188,156,567 | 8,969,146,793 | |
DISTRIBUTION COST | 28 | (928,455,964) | (1,160,598,536) |
ADMINISTRATIVE EXPENSES | 29 | (144,690,442) | (311,916,781) |
OTHER EXPENSES | 30 | (354,570,648) | (340,448,157) |
(1,427,717,054) | (1,812,963,474) | ||
6,760,439,513 | 7,156,183,319 | ||
OTHER INCOME | 31 | 248,558,591 | 864,014,535 |
PROFIT FROM OPERATIONS | 7,008,998,104 | 8,020,197,854 | |
FINANCE COST | 32 | (1,195,717,804) | (1,747,035,020) |
PROFIT BEFORE TAXATION | 5,813,280,300 | 6,273,162,834 | |
TAXATION | 33 | (411,843,188) | (674,306,049) |
PROFIT AFTER TAXATION | 5,401,437,112 | 5,598,856,785 | |
EARNINGS PER SHARE - BASIC AND DILUTED | 34 | 22.49 | 23.32 |
The annexed notes form an integral part of these financial statements.
Statement under section 232 of the Companies Act, 2017
These financial statements have been signed by two directors and chief financial officer instead of chief executive, one director and chief financial officer as the chief executive is not available for the time being in Pakistan.
_____________________ | ______________ | ___________________________ |
DIRECTOR | DIRECTOR | CHIEF FINANCIAL OFFICER |
NISHAT (CHUNIAN) LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE SEVEN MONTHS PERIOD ENDED 31 JANUARY 2022 | ||
Seven months | ||
period from 01 | Year ended 30 | |
July 2021 to 31 | June 2021 | |
January 2022 | ||
Rupees | Rupees | |
PROFIT AFTER TAXATION | 5,401,437,112 | 5,598,856,785 |
OTHER COMPREHENSIVE INCOME | ||
Items that will not be reclassified to profit or loss | - | - |
Items that may be reclassified subsequently to profit or loss | - | - |
Other comprehensive income for the period / year | - | - |
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD / YEAR | 5,401,437,112 | 5,598,856,785 |
The annexed notes form an integral part of these financial statements.
Statement under section 232 of the Companies Act, 2017
These financial statements have been signed by two directors and chief financial officer instead of chief executive, one director and chief financial officer as the chief executive is not available for the time being in Pakistan.
____________________ | _____________ | ___________________________ |
DIRECTOR | DIRECTOR | CHIEF FINANCIAL OFFICER |
NISHAT (CHUNIAN) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE SEVEN MONTHS PERIOD ENDED 31 JANUARY 2022
CAPITAL | REVENUE RESERVES | |||||
RESERVE | ||||||
SHARE CAPITAL | TOTAL EQUITY | |||||
Share premium | General reserve | profit | Total | |||
- - - - - - - - - - - - - - - - - - - - - - - - - - | - - - - - - - - - - - - - - - - - - - - - - - - - - - | |||||
Balance as at 30 June 2020 | 2,401,190,290 | 600,553,890 | 1,629,221,278 | 9,006,432,817 | 10,635,654,095 | 13,637,398,275 |
Transaction with owners: | ||||||
Final dividend for the year ended 30 June 2020 @ Rupees 1.00 per share | - | - | - | (240,119,029) | (240,119,029) | (240,119,029) |
Profit for the year | - | - | - | 5,598,856,785 | 5,598,856,785 | 5,598,856,785 |
Other comprehensive income for the year | - | - | - | - | - | - |
Total comprehensive income for the year | - | - | - | 5,598,856,785 | 5,598,856,785 | 5,598,856,785 |
Balance as at 30 June 2021 | 2,401,190,290 | 600,553,890 | 1,629,221,278 | 14,365,170,573 | 15,994,391,851 | 18,996,136,031 |
Transaction with owners: | ||||||
Final dividend for the year ended 30 June 2021 @ Rupees 5.00 per share | - | - | - | (1,200,595,145) | (1,200,595,145) | (1,200,595,145) |
Profit for the period | - | - | - | 5,401,437,112 | 5,401,437,112 | 5,401,437,112 |
Other comprehensive income for the period | - | - | - | - | - | - |
Total comprehensive income for the period | - | - | - | 5,401,437,112 | 5,401,437,112 | 5,401,437,112 |
Balance as at 31 January 2022 | 2,401,190,290 | 600,553,890 | 1,629,221,278 | 18,566,012,540 | 20,195,233,818 | 23,196,977,998 |
The annexed notes form an integral part of these financial statements.
Statement under section 232 of the Companies Act, 2017
These financial statements have been signed by two directors and chief financial officer instead of chief executive, one director and chief financial officer as the chief executive is not available for the time being in Pakistan.
______________________ | _____________ | _____________________________ |
DIRECTOR | DIRECTOR | CHIEF FINANCIAL OFFICER |
NISHAT (CHUNIAN) LIMITED
STATEMENT OF CASH FLOWS
FOR THE SEVEN MONTHS PERIOD ENDED 31 JANUARY 2022
Seven months | |||
period from 01 July | Year ended 30 | ||
2021 to 31 January | June 2021 | ||
2022 | |||
Note | Rupees | Rupees | |
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Cash (used in) / generated from operations | 35 | (550,088,499) | 5,915,160,852 |
Net (increase) / decrease in long term security deposits | (866,744) | 1,222,151 | |
Finance cost paid | (1,115,939,581) | (1,878,533,131) | |
Workers' profit participation fund paid | (313,287,572) | (31,100,107) | |
Income tax paid | (279,461,272) | (325,774,547) | |
Net decrease / (increase) in long term loans to employees | 6,430,235 | (12,285,766) | |
Net cash (used in) / generated from operating activities | (2,253,213,433) | 3,668,689,452 | |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Capital expenditure on property, plant and equipment | (2,839,879,710) | (1,867,069,998) | |
Proceeds from disposal of operating fixed assets | 24,459,035 | 68,579,715 | |
Capital expenditure on intangible asset | (468,665) | (300,251) | |
Loans to subsidiary companies | - | (4,548,221,699) | |
Repayments of loans from subsidiary companies | - | 4,548,221,699 | |
Short term investments made | (64,000,000) | (120,000,000) | |
Interest received | 4,640,135 | 12,065,549 | |
Net cash used in investing activities | (2,875,249,205) | (1,906,724,985) | |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Proceeds from long term financing | 5,525,589,385 | 4,308,932,735 | |
Repayment of long term financing | (1,892,486,934) | (1,907,865,663) | |
Repayment of lease liabilities | (32,467,348) | (40,426,714) | |
Short term borrowings - net | 2,623,587,380 | (3,656,521,867) | |
Dividend paid | (1,193,283,237) | (240,915,306) | |
Net cash from / (used in) financing activities | 5,030,939,246 | (1,536,796,815) | |
Net (decrease) / increase in cash and cash equivalents | (97,523,392) | 225,167,652 | |
Cash and cash equivalents at the beginning of the period / | |||
year | 272,634,954 | 47,467,302 | |
Cash and cash equivalents at the end of the period / year | 175,111,562 | 272,634,954 |
The annexed notes form an integral part of these financial statements.
Statement under section 232 of the Companies Act, 2017
These financial statements have been signed by two directors and chief financial officer instead of chief executive, one director and chief financial officer as the chief executive is not available for the time being in Pakistan.
____________________ | _______________ | ____________________________ |
DIRECTOR | DIRECTOR | CHIEF FINANCIAL OFFICER |
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Nishat Chunian Ltd. published this content on 21 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2022 06:27:06 UTC.