Business
Service Industries : Financial Results for the Year Ended December 31, 2024
Service Industries : Financial Results for the Year Ended December 31,
About this update from Service Industries Ltd
[{"type":"text","content":"EQUITY AND LIABILITIES SHARE CAPITAL AND RESERVES Authorized share capital 100,000,000 (2023: 100,000,000) ordinary shares of Rupees 10 each Issued, subscribed and paid up share capital\n Annexure-A\n SERVICE INDUSTRIES LIMITED\n STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024\n 2024 2023\n 2024 2023\n ........ (Rupees in thousand) ........\n ........ (Rupees in thousand) ........ASSETS NON-CURRENT ASSETS Fixed assets1,000,000\n 1,000,000\n 469,874\n 469,874\n Reserves 8,020,307 7,848,305\n Total equity 8,490,181 8,318,179\n Investment property Right-of-use assets Intangible assets\n Deferred income tax asset - net Long term investments\n Long term loans to employees Long term security deposits\n 1,253,493 182\n 12,447,494 -\n 67,389 4,521,384\n 3,762 72,966 14,180,668\n 7,510 - 8,028,956\n 12,061 17,812\n 11,124 232,301\n 15,601,645\n 25,255,457\n LIABILITIES NON-CURRENT LIABILITIES\n Long term financing 4,414,865 8,808,519 -\n Long term deposits Lease liabilities\n Employees' retirement benefit Deferred liabilities CURRENT LIABILITIES Trade and other payables Accrued mark-up\n Short term borrowings\n Current portion of non-current liabilities Taxation and levy - net\n Unclaimed dividend\n 59,144 97,916 - 4,571,925\n 85,024 5,037,023 287,024 570,883\n 14,788,473 Taxation and levy - net\n Trade deposits and prepayments\n 1,761,242\n 6,788,737 Other receivables\n 199,759\n 802,891\n 6,047,096\n 10,889,573\n 1,280,813\n 38,916\n 2,795,875 -\n 47,509\n 43,783\n 9,375,335 21,320,859\n Total liabilities 13,947,260 36,109,332\n CONTINGENCIES AND COMMITMENTS\n TOTAL EQUITY AND LIABILITIES 22,437,441 44,427,511\n CURRENT ASSETS\n Stores, spares and loose tools Stock in trade\n Trade debts\n Loans and advances Accrued mark-up Short term investments Cash and bank balances\n 28,913\n 616,897\n 1,679,031\n 10,387,433\n 1,820,704\n 3,867,331\n 1,819,753 - -\n 729,894 -\n 306,864\n 129,252\n 187,382\n 566,016\n 379,147\n 375,177\n 883,430\n 416,950 1,813,676\n 6,835,796 19,172,054\n TOTAL ASSETS 22,437,441 44,427,511\n 3\n SERVICE INDUSTRIES LIMITED\n STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 DECEMBER 2024\n REVENUE - net COST OF SALES\n GROSS PROFIT\n DISTRIBUTION COST ADMINISTRATIVE EXPENSES OTHER EXPENSES\n OTHER INCOME\n PROFIT FROM OPERATIONS FINANCE COST\n SHARE OF NET PROFIT OF ASSOCIATE ACCOUNTED FOR USING THE EQUITY ME...