Ref. No: BF-728-PSX/2024-25
The General Manager,
Pakistan Stock Exchange Limited Stock Exchange Building,
Stock Exchange Road, Karachi.
Managed By
E.A. Management (Pvt.) Ltd.April 28, 2025
INANCIAL RESULTS OF B. F MODARABA FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2025Dear Sir,
We have to inform you that the Board of Directors of E. A. Management (Pvt) Limited, the Management Company of B. F. Modaraba, in their meeting held on April 28, 2025 at 02:30 p.m has NOT declared any Cash Dividend or Bonus in respect of B. F. Modaraba for the Nine months period ended March 31, 2025.
Cash Dividend NIL
Bonus Shares NIL
Right Shares NIL
In compliance of Notice No. PSX/N-062 dated January 10, 2025; we enclosed herewith the following:
Financial Result (Statement of Profit or Loss)
Statement of Financial Position
Statement of Cash Flows
Statement of Changes in Equity
The Quarterly report of the Modaraba for the period ended March 31, 2025 will be transmitted through PUCARS separately, within the specified time.
Thanking you,
Yours truly,
M"uhammad Ayub
Company Secretary
B.F.MODARABA
Plot No. 43-1-E, P.E.C.H.S, Block-6, Off Razi Road, Shahrah-e-Faisal, Karachi. Pakistan.
UAN:(92-21) 111 -U9 -269, Fax: t92-21) 34322864
E-mail: in fo@bfinodaraba.coin.pk, feedback@bfmodaraba.com.pk, URL: https://www.bfmodaraba.com.pk
B.F.MODARABA
CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED)
FOR THE QUARTER ENDED MARCH 31, 2025Nine Months e de teQu aen d r | ||||
July-2024 | July-2023 | Jan-2025 | Jan-2024 | |
to | to | to | to | |
Mar-2025 | Mar-2024 | Mar-2025 | Mar-2024 | |
---- Rupees--------- | ||||
Revenue | ||||
Trading Income | 17,458,690 | 4,496,510 | - | |
Unrealized Gain / (Loss) on ot Mutual funds | 730,548 | 206,613 | ||
Diminishing Musharakah income | 4,450,080 | 4,875,138 | 1,025,615 | 1,954,484 |
Dividend - net of zakat | 3,783,223 | 4,911,636 | 682,698 | 1,472,314 |
Profit on bank deposits accounts 3,997,513 713,175 2,428,751 291,678
Expenditure
30,420,054 14,996,459 4,343,6773,718,476
Operating expenses
Profit before charging management fee Management fee
(8,362,415) (7,621,962) (2,463,188) (2,700,837) 22,057,639 7,374,497 1,880,489 1,017,639(2,205,764) (737,450) (188,032) (101,766)
Profit before Worker's Welfare Fund | 19,851,875 | 6,637,047 | 1,692,457 | 915,873 | |||
Provision for Worker's Welfare Fund (397,037) (132,741) (33,845) (18,318) | |||||||
Profit before Taxation | 19,454,837 | 6,504,306 | 1,658,611 | 897,555 | |||
Taxation - current | (527,467) | (676,613) | (102,404) | (214,122) | |||
Profit after taxation | 18,927,370 | 5,827,693 | 1,556,207 | 683,433 | |||
Earning per certificate- basic and diluted | 2.52 | 0.78 | 0.21 | 0.09 | |||
The annexed notes form an integral part of these financial statements.
FOR E.A b4anagement (Private) Limited
(Management Company)
Chairman
Chief Executive
Director
ref Financial Officer
B.F. MODARABA
CONDENSED INTERIM FINANCIAL POSITION
AS AT MARCH 31, 2025
ASSETSNon-current assets Furniture and equipment Long term deposits Long term investments Long term Musharaka Diminishing Musharaka
Current assets Stock in trade
Prepayments and other receivables
Current portion of Diminishing Musharaka Advance tax - net
Cash and bank balances
Total assets
LIABILITIES AND EQUITYCurrent liabilities Trade and other payables
Due to Management Company Unclaimed dividend
Certificate holders' equity Certificate capital
Reserves
Unrealized gain / loss on re-measurement of investments
Total liabilities and equityNote
l 3
(Un-audited) March 31,
2025-Rupees -
13,758 40,019 52,906,732 13,823,112 66,783,621 1,486,772 6,858,694 4,125,791102,268,767
114,740,024 181,523,645 1,962,370 2,205,764 1,690,888 5,859,022 75,151,587 78,588,068 153,739,655 21,924,968 181,523,645(Audited) June 30,
2024
15,120
40,019
51,322,228
17,926,053
69,303,420
41,689,549
8,418,093
11,103,718
3,522,113
11,553,945
76,287,418
145,590,838
1,673,986
854,221
1,690,889
4,219,096
75,151,587
48,615,351
123,766,938
17,604,802
145,590,838
The annexed notes form an integral part of these financial statements.
FOR E.A Management (Private) Limited (Management Company)Chairman Chief Executive Director Chief Financial Officer
B.F.MODARABA
CONDENSED INTERIM CASH FLOW STATEMENT (UN-AUDITED)
roR THE QUARTER ENDED MARCH 31, 2025
lYIarch 31
2025
CASH FLOWS FRO64 OPERATING ACTIVITIES Profit before taxation | 19,454,837 | 6,504,306 | ||
Adjustments for non cash charges and other items: | ||||
Depreciation on own assets | 1,359 | 1,617 | ||
Provision for profit on bank deposits | (3,997,513) | (713,175) | ||
Provision for management fee | 2,205,764 | 737,450 | ||
Provision for provident fund | 521,084 | 547,392 | ||
Provision for worker's ivel fare fund | 397,037 | 132,741 | ||
Unrealixed Gain / (Loss) on of Mutual funds | (730,548) | |||
Diminishing Musharakah Income | (4,450,080) | (4,875,138) | ||
Trading | (17,458,690) | (4,496,510) | ||
Dividend income | (3,783,223) | (4,911,636) | ||
(27,294,810) | (13,577,259) | |||
Operating loss before working capital changes | (7,835,973) | (7,072,953) | ||
Yorking capital changes | ||||
Deci -ease / (fitcrease) iii cw-i-em i assets Stock in trade | 41,689,549 | 6,359,341 | ||
Prepayments and other receivables | 10,572,667 | 5,280,752 | ||
52,262,216 | 11,640,093 | |||
(liici ease) / deci'ease in current liabilities | ||||
Accrued and other liabilities | (288,384) | 483,044 | ||
Net increase in working capital | 51,973,831 | l2,t23,138 | ||
Taxes paid | 1,127,097 | (783,589) | ||
Dividend Paid | ||||
P.F Paid | (229,624) | |||
Purchase of investments | ||||
Management Fee paid | (854,22) | |||
Dividend received | 3,783,223 | 4,911,636 | ||
3,826,475 | 4,128,047 | |||
Net cash inflo›v from operating activities | (A) | 47,960,333 | 9,178,232 | |
CASH FLOWS FROITJ INVESTING ACTIVITIES | ||||
Profit received on bank deposits | 3,997,343 | 713,005 | ||
Proceed from sale of investment | 24,511,558 | 9,637,329 | ||
Diminishing Musharaka | 14,245,587 | (11,731,346) | ||
Long tern Musharaka | ||||
Net cnsli (outflows) / inflows from investing activities | (B) | 42,754,488 | ( 1,381,012) | |
Cash flows from financing .activities | (C) | |||
Net increase in cash and cash equivalents (A+B+C) | 90,714,821 | 7,797,220 | ||
Cash and cash equivalents as :it beginning of the period | 11,553,945 | 1,573,030 | ||
Cash and cash equivalents as at the end of period | 102,268,767 | 9,370,250 | ||
The annexed notes form an integral part of these tinancial statements. | ||||
Rupees
Murch 31
2024
FOR E.A Management {Private) Limited
(Management Company)
Chairman Chief Executive
Director
ief Financial Officer
B.F.MODARABA
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED) FOR THE QUARTER ENDED MARCH 31, 2025
Issued, subscribed
Reserves
Statutory Unappropriated
Total
and paid up
reserv'es profits Rupees -
Total Reserve
Balance as at J ul3' 01, 2023
Total cowyi-elieiisive income for the periad endeit ñfarcft 31, 2024
75,151,587 50,255,171
(9,020,220) 41,234,951 116,386,538
Profit / (Loss) afier taxation
Other comprehensive income
Gain / (Loss) realized on disposal of investments in ordinary shares of listed companies
5,827,693 5,827,693
5,827,693
5,827,693
5,827,693
3,647,115 3,647,115
5,827,693
3,647,115
Balance as at March 31, 2024
441,626
441,626
441,626
Balance as at April 01, 2024
75,151,587 50,255,171
75,1.51,587 50,255, 171
454,589 50,709,760 125,861,347'
454,589 50,709,760 125,861,347
Profit / (Loss) after taxation
Other comprehensive income
Gain / (Loss) realized on disposal of investments
441,626
44.1,626
441,626
in ordinary shares of listed companies (2,536,034} (2.536,034) (2,536,034)
Balance as at June 30, 2024
Bul:ince :is at July 01, 2024
Total conipi-elieiisive income for the periaJ eiideit dfarc/t 31, 2025
75,151,587 50,255,171
75,151,587 50.255,171
(1,G39,820) 48,615,351 123,766,938
(1,639,820) 48,615,351 123,766,938
Profit / (Loss) after taxation
Other comprehensive income
Gain realized on disposal of investments in ordinary shares of listed companies
18,927,370 18,927,370
18,927,370 | 1.8,927,370 | 18,927,370 |
11,045,347 11,045,347
18,927,370
11,045,347
Balance as at March 31, 2025
75,151,587 :S0,255,l7I
28J32,897 78,588,068 153,7J9,655
The annexed notes form an integral part of these financial statements.
FOR E.A Management (Private) Limited
(Management Company)
Chairman Chief Executive
Director
Chief Financial Officer