Annexure-A-1
ARIF HABIB CORPORATION LIMITED
CONDENSED INTERIM CONSOLIDATED STATEMENT OF PROFIT OR LOSS (UNAUDITED)
FOR THE SIX MONTHS PERIOD ENDED 31 DECEMBER 2024
Six months period ended | Three months period ended | |||||||
31 December | 31 December | 31 December | 31 December | |||||
Note | 2024 | 2023 | 2024 | 2023 | ||||
(Restated) | (Restated) | |||||||
(Rupees) | (Rupees) | |||||||
Revenue | 12 | 4,714,323,702 | 5,178,016,562 | 1,551,560,619 | 1,742,692,917 | |||
Gain on remeasurement of investments - net | 2,098,035,666 | 1,596,231,134 | 1,854,214,488 | 1,493,958,820 | ||||
Gain / (loss) on sale of investments - net | 868,590,487 | (919,567) | 706,162,474 | 64,353,614 | ||||
Loss on remeasurement of investment properties | (76,899,675) | (749,029) | (56,481,100) | (749,029) | ||||
Gain on sale of investments property | 64,462,996 | 649,029 | 42,844,421 | 649,029 | ||||
7,668,513,176 | 6,773,228,129 | 4,098,300,902 | 3,300,905,351 | |||||
Cost of energy sales | (966,128,806) | (962,774,287) | (488,954,193) | (484,137,059) | ||||
Administrative expenses | (1,299,292,508) | (653,150,146) | (1,027,764,170) | (282,010,245) | ||||
Other income | 52,312,650 | 11,583,086 | 25,658,125 | 3,846,370 | ||||
Finance cost | (869,948,595) | (1,008,586,524) | (408,560,124) | (452,844,876) | ||||
Other charges | (51,279,655) | (5,651,813) | (49,224,184) | (5,649,563) | ||||
4,534,176,262 | 4,154,648,445 | 2,149,456,356 | 2,080,109,978 | |||||
Share of profit of equity-accounted | ||||||||
associates investees - net of tax | 3,905,618,189 | 2,674,308,109 | 2,337,519,266 | 1,495,839,504 | ||||
Profit before levies and income tax | 8,439,794,451 | 6,828,956,554 | 4,486,975,622 | 3,575,949,482 | ||||
Levies - Final tax | (68,403,343) | - | (68,403,343) | - | ||||
Profit before income tax | 8,371,391,108 | 6,828,956,554 | 4,418,572,279 | 3,575,949,482 | ||||
Income tax expense | 13 | (2,048,659,218) | (1,079,978,187) | (1,291,210,667) | (701,808,378) | |||
Profit for the period | 6,322,731,890 | 5,748,978,367 | 3,127,361,612 | 2,874,141,104 | ||||
Profit attributable to: | ||||||||
Equity holders of the Parent Company | 5,986,287,149 | 5,431,206,984 | 3,081,921,078 | 2,816,907,214 | ||||
Non-controlling interests | 336,444,741 | 317,771,383 | 45,440,534 | 57,233,890 | ||||
6,322,731,890 | 5,748,978,367 | 3,127,361,612 | 2,874,141,104 | |||||
Earnings per share - basic & diluted | 16 | 14.66 | 13.30 | 7.55 | 6.90 |
The annexed notes from 1 to 21 form an integral part of these condensed interim consolidated financial statements.
Annexure-A-2
ARIF HABIB CORPORATION LIMITED
CONDENSED INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)
FOR THE SIX MONTHS PERIOD ENDED 31 DECEMBER 2024
Six months period ended | Three months period ended | ||||
31 December | 31 December | 31 December | 31 December | ||
2024 | 2023 | 2024 | 2023 | ||
(Restated) | (Restated) | ||||
(Rupees) | (Rupees) | ||||
Profit for the period | 6,322,731,890 | 5,748,978,367 | 3,127,361,612 | 2,874,141,104 | |
Other comprehensive income |
Items that will not be reclassified subsequently to consolidated statement of profit or loss
Share of other comprehensive income of equity-accounted associates - net of tax
Other comprehensive loss for the period - net of tax
Total comprehensive income for the period
Total comprehensive income attributable to:
Equity holders of the Parent Company
Non-controlling interests
(9,442,712) | (14,825,440) | |
(9,442,712) | (14,825,440) | |
6,313,289,178 | 5,734,152,927 | |
5,976,844,437 | 5,416,381,544 | |
336,444,741 | 317,771,383 | |
6,313,289,178 | 5,734,152,927 |
(25,949,444) | (14,82 5,440) | |
(25,949,444) | (14,825,440) | |
3,101,412,168 | 2,859,315,664 | |
3,055,971,634 | 2,802,081,774 | |
45,440,534 | 57,233,890 | |
3,101,412,168 | 2,859,315,664 |
The annexed notes from 1 to 21 form an integral part of these condensed interim consolidated financial statements.
Annexure-A-3
ARIF HABIB CORPORATION LIMITED
CONDENSED INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
Note | |
ASSETS | |
NON-CURRENT ASSETS | |
Property, plant and equipment | 5 |
Intangible assets | |
Goodwill | |
Trading right entitlement certificate, membership cards and offices | |
Investment properties | 6 |
Equity accounted investees | 7 |
Other long term investments | 8 |
Long term loan to related party | |
Long term deposits and other receivables | |
CURRENT ASSETS | |
Trade debts | |
Loans and advances | |
Deposits and prepayments | |
Receivable under margin trading system | |
Accrued mark-up and other receivables | |
Short term investments | 9 |
Cash and bank balances |
(Unaudited) | (Audited) |
31 December | 30 June |
2024 | 2024 |
(Rupees) |
.
16,176,314,848 16,862,656,879
796,634978,594
910,206,117 910,206,117
5,600,000 5,600,000
1,817,920,000 207,900,000
29,743,764,127 19,528,823,031
7,944,454,710 4,832,776,004
-
49,670,165
32,000,751 56,374,711
56,631,057,187 | 42,454,985,501 | |
4,779,445,089 | 5,766,986,879 | |
3,974,297,316 | 4,088,604,166 | |
678,078,315 | 304,237,366 | |
3,643,354 | 12,631,269 | |
2,519,754,169 | 1,233,332,362 | |
5,260,474,976 | 7,344,894,001 | |
5,364,929,936 | 3,768,472,554 | |
22,580,623,155 | 22,519,158,597 |
TOTAL ASSETS | 79,211,680,342 | 64,974,144,098 | |||||
Annexure-A-3
ARIF HABIB CORPORATION LIMITED
CONDENSED INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
Note |
EQUITY AND LIABILITIES |
SHARE CAPITAL AND RESERVES |
(Unaudited) | (Audited) |
31 December | 30 June |
2024 | 2024 |
(Rupees) |
Authorised share capital | |
Share capital | |
Issued, subscribed and paid-up share capital | |
Shares to be issued under scheme of arrangement | |
Capital reserve | |
Surplus on revaluation | |
Revenue reserves | |
General reserve | |
Unappropriated profit | |
Equity attributable to owners of the Parent Company | |
Non-controlling interest | |
TOTAL EQUITY | |
NON-CURRENT LIABILITIES | |
Long term loans - secured | |
Contributions from Musharaka participants | 10 |
Land lease liability | |
Lease liability against right-of-use assets | |
Staff retirement benefits | |
Deferred taxation - net | |
CURRENT LIABILITIES | |
Trade and other payables | |
Accrued mark-up | |
Sales tax payable | |
Short term borrowings | |
Loan from sponsor | |
Current portion of long term loans - secured | |
Current portion of lease liability against right-of-use assets | |
Current portion of land lease liability | |
Payable against purchase of investment - net | |
Taxation - net | |
Unpaid dividend | |
Unclaimed dividend |
10,000,000,000
4,216,967,470
-
4,216,967,470
7,835,000
4,019,567,665
37,767,302,931
46,011,673,066
2,375,748,286
48,387,421,352
4,079,659,364
522,537,950
34,581,062
36,676,556
48,167,832
5,319,827,499
10,041,450,263
5,589,977,570
216,336,803
84,951,011
7,031,184,587
1,250,000,000
2,788,500,000
44,061,986
9,280,000
-
1,096,588,636
2,620,099,051
51,829,083
20,782,808,727
10,000,000,000
4,083,750,000
133,217,470
4,216,967,470
7,835,000
4,019,567,665
34,805,458,414
43,049,828,549
2,364,303,954
45,414,132,503
5,449,490,891
-
11,868,514
84,203,968
46,016,466
4,095,822,090
9,687,401,929
3,717,948,719
264,357,754
208,926,360
1,165,647,311
800,000,000
2,788,000,000
51,881,487
1,360,000
198,721,206
631,925,278
-
43,841,551
9,872,609,666
TOTAL LIABILITIES | |
Contingencies and commitments | 11 |
TOTAL EQUITY AND LIABILITIES |
30,824,258,990 19,560,011,595
79,211,680,342 64,974,144,098
The annexed notes from 1 to 21 form an integral part of these condensed interim consolidated financial statements.
Annexure-A-4
ARIF HABIB CORPORATION LIMITED
CONDENSED INTERIM CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED)
FOR THE SIX MONTHS PERIOD ENDED 31 DECEMBER 2024
Equity attributable to owners of the Parent | Non-controlling | Total | ||||||||
Issued, | Shares to be | Capital reserve | Revenue reserves | interests | equity | |||||
issued | ||||||||||
subscribed | under scheme | Surplus on | General | Unappropriated | Total | |||||
and paid up | of arrangement | revaluation | reserve | profit | ||||||
share capital | ||||||||||
---------------------------------------------------------------------------------------------------- | (Rupees) | ---------------------------------------------------------------------------------------------------------- |
Balance as at 1 July 2023
Transactions with owners of the Company recorded directly in equity
Effect of scheme of arrangement - note 1.1.1
Total comprehensive income for the six months period 31 December 2023
Profit for the period (restated)
Other comprehensive loss (restated)
Distribution by subsidiaries
4,083,750,000
-
-
-
-
- .
-
133,217,470
-
-
-
- .
7,835,000 | 4,019,567,665 | 26,004,636,795 | 34,115,789,460 | 3,070,755,570 | 37,186,545,030 | ||||
- | - | 995,762,895 | 1,128,980,365 | (1,128,980,365) | - | ||||
- | - | 5,431,206,984 | 5,431,206,984 | 317,771,383 | 5,748,978,367 | ||||
- | - | (14,825,440) | (14,825,440) | - | (14,825,440) | ||||
- | - | 5,416,381,544 | 5,416,381,544 | 317,771,383 | 5,734,152,927 | ||||
- | - | - | - | (157,612,430) | (157,612,430) |
Balance as at 31 December 2023 (restated)
Total comprehensive income for the six months period ended 30 June 2024
Profit for the period (restated)
Other comprehensive loss (restated)
Distribution by subsidiaries
4,083,750,000 | 133,217,470 | 7,835,000 | 4,019,567,665 | 32,416,781,234 | 40,661,151,369 | 2,101,934,158 | 42,763,085,527 | ||||||
- | - | - | - | 2,388,975,711 | 2,388,975,711 | 375,753,531 | 2,764,729,242 | ||||||
- | - | - | - | (298,531) | (298,531) | - | (298,531) | ||||||
- | - | - | - | 2,388,677,180 | 2,388,677,180 | 375,753,531 | 2,764,430,711 | ||||||
- | - | - | - | - | - | (113,383,735) | (113,383,735) |
Balance as at 30 June 2024
Total comprehensive income for the six months period ended 31 December 2024
Profit for the period
Other comprehensive income
Transactions with owners of the Company recorded directly in equity
Final cash dividend at the rate of Rs. 7 per share for the year ended 30 June 2024
Distribution by subsidiaries
4,083,750,000
-
-
-
-
-
133,217,470
-
-
-
-
-
7,835,000 | 4,019,567,665 | 34,805,458,414 | 43,049,828,549 | 2,364,303,954 | 45,414,132,503 | ||||
- | - | 5,986,287,149 | 5,986,287,149 | 336,444,741 | 6,322,731,890 | ||||
- | - | (9,442,712) | (9,442,712) | - | (9,442,712) | ||||
- | - | 5,976,844,437 | 5,976,844,437 | 336,444,741 | 6,313,289,178 | ||||
- | - | (2,951,877,229) | (2,951,877,229) | - | (2,951,877,229) | ||||
- | - | - | - | (303,567,580) | (303,567,580) |
Acquisition of equity interest in subsidiary without change in control - net
Shares issued under scheme of arrangement
Balance as at 31 December 2024
(63,122,691) | (63,122,691) | (21,432,829) | (84,555,520) | |||||||||||
133,217,470 | (133,217,470) | - | - | - | - | - | - | |||||||
4,216,967,470 | - | 7,835,000 | 4,019,567,665 | 37,767,302,931 | 46,011,673,066 | 2,375,748,286 | 48,387,421,352 |
The annexed notes from 1 to 21 form an integral part of these condensed interim consolidated financial statements.
Annexure-A-5
ARIF HABIB CORPORATION LIMITED
CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOW (UNAUDITED)
FOR THE SIX MONTHS PERIOD ENDED 31 DECEMBER 2024
Six months period ended | ||
31 December | 31 December | |
Note | 2024 | 2023 |
(Rupees) |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Cash generated from operations | 14 | 2,069,586,515 |
Income taxes paid | (428,393,794) | |
Finance cost paid | (868,343,610) | |
Mark-up received | 405,378,387 | |
Dividend received | 229,093,412 | |
Gratuity paid | (969,501) | |
Net cash generated from operating activities | 1,406,351,409 | |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Capital expenditure incurred | (6,564,454) | |
Acquisition of long term investments | (157,000,000) | |
Acquisition of investment properties | (1,710,020,000) | |
Acquisition of equity interest in subsidiary - net | (84,555,520) | |
Acquisition of equity accounted investees | (4,507,198,513) | |
Proceeds from sale of equity accounted investees | 284,116,507 | |
Proceeds from sale of property, plant and equipment | 134,000 | |
Proceeds from sale of investment property | 87,563,321 | |
Long term deposit and other receivables recovered / (paid) | 24,373,960 | |
Dividend from equity accounted investee | 1,493,199,031 | |
Net cash (used in) / generated from investing activities | (4,575,951,668) | |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Loan received from sponsor - net | 450,000,000 | |
Contributions received from Musharaka participants | 522,537,950 | |
Lease rentals paid | (40,921,828) | |
Repayment of long term loan | (1,395,750,000) | |
Dividend paid | (331,778,178) | |
Distribution by subsidiary to non-controlling interest | (303,567,580) | |
Net cash used in financing activities | (1,099,479,636) | |
Net change in cash and cash equivalents | (4,269,079,894) | |
Cash and cash equivalents at beginning of the period | 2,602,825,243 | |
Cash and cash equivalents at end of the period | 15 | (1,666,254,651) |
3,128,545,697
(279,849,221)
(1,077,759,709)
510,967,131
645,588,757
(2,146,200)
2,925,346,455
(4,201,585)
(11,379,389)
-
-
-
-
320,000
7,500,000
(22,000)
558,250,361
550,467,387
-
-
(29,189,820)
(1,474,500,000)
-
(157,612,430)
(1,661,302,250)
1,814,511,592
(2,287,798,647)
(473,287,055)
The annexed notes from 1 to 21 form an integral part of these condensed interim consolidated financial statements.
Annexure-B-1
Annexure-B-2
| Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |