Business
Idrees Textile Mills : FINANCIAL RESULTS FOR THE HALF YEAR ENDED DECEMBER 31, 2024
Idrees Textile Mills : FINANCIAL RESULTS FOR THE HALF YEAR ENDED DECEMBER 31,
About this update from Idrees Textile Mills Ltd.
[{"type":"text","content":"s\n 1st Floor, Ismail Centre, 6-C, Central Commercial An�a, Bahadurabad, Karachi-74800 (Pakistan)\n UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION\n AS AT DECEMBER 31, 2024\n ASSETS\n December 31,\n June 30,\n 2024\n 2024\n Un-audited\n Audited------------ (Ru pees) ------------NON - CURRENT ASSETS\n Property, plant and equipment\n 3.324,226,644\n 3,374,850,004\n Long-term deposits\n 5,588.631\n 6,063,681\n Investment in subsidiary\n 3,329,815,275\n 3,380,913,685\n CURRENT ASSETS\n Stores, spares and loose tools\n 43,603.26 l\n 53,563,125\n Stock-in-trade\n 2,239,868.582\n 1.928,979, l 20\n Trade debts\n 1,136.781,183\n 1, 106,843, 748\n Loans and advances\n 44,553.258\n 89,784.90 I\n Prepayments ' �\n 38,339,322\n 34,303,985\n Other receivables\n 284,346,398\n l 88,203,848\n Short term investment\n 228,217,230\n 200,455,670\n Advance tax\n 28,879,832\n 47,238,33 l\n Cash and bank balances\n 18,548,454\n 8,607,548\n 4,063,137,520\n 3,657,980,276\n TOTAL ASSETS\n 7,392,952, 795\n 7,038 893,961\n EQUITY AND LIABILITIES\n SHARE CAPITAL AND RESERVES\n Authorized share capital\n 220,000,000\n 220,000,000\n 22,000,000 (June 30, 2024: 22,000,000) ordinary shares of Rs. I 0/- each\n Issued, subscribed and paid-up capital\n 198.528.000\n 198,528,000\n 19,852,800 (June 30, 2024: 19,852,800) ordinary shares ofRs.10/-each\n Capital reserves\n Surplus on revaluation of property, plant and equipment - net of tax\n 893,312. 76 7\n 919,580,955\n Equity portion of loan from related parties\n 157,711,726\n Revenue reserves\n 1, 128.276,955\n 2,3 77,829.448\n NON-CURRENT LIABILITIES\n Long-term financing\n 551,084.630\n Deferred capital grant\n 61,748,766\n Deferred taxation - net\n 98,4 l 5, 195\n Employee benefits\n 87,875, 766\n 799, 124,357\n CURRENT LIABILITIES\n Trade and other payables\n 1,661,367,310\n Accrued mark-up\n 101,087,335\n Short-term borrowings\n 2.071,555,396\n Current portion of long-term finance\n 339,709.716\n Current portion of deferred capital grant\n 25,659,032\n Unclaimed dividend\n 2,739.068\n Provision for taxation\n 13,881.133\n 4,215,998.990\n TOTAL LIABILITIES\n 5,015, 123,34 7\n TOTAL EQUITY AND LIABILITIES\n 7,392,952,795I 04,674, 764 l ,280,923, 111 2,503, 706,830486,099, 774\n 74,480.586\n 115,398,617\n 75, 195,066\n 75 l, 174,043\n l ,252,356,320\n l 14,013.686\n 2.034,831,736\n 338,334, 122\n...