STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2025
2025 Rupees | 2024 Rupees | |||||
ASSETS | ||||||
Non-current assets | ||||||
Property, plant and equipment | 142,687,584 | 159,519,136 | ||||
Long-term investment | 40,871,000 | 37,375,000 | ||||
Long-term loans and advances | 89,000 | 590,248 | ||||
Deferred tax asset - net | 3,227,499 | 138,476 | ||||
Long-term deposits | 4,747,790 | 4,747,790 | ||||
Employee benefit plan asset 20,058,142 17,181,435 211,681,015 219,552,085 | ||||||
Current assets | ||||||
Stores, spare parts and loose tools | 124,751,685 | 145,300,785 | ||||
Inventories | 243,038,159 | 415,505,286 | ||||
Trade receivables | 147,356,764 | 122,329,743 | ||||
Loans and advances | 3,320,373 | 9,962,603 | ||||
Trade deposits and short-term prepayments | 8,406,204 | 4,983,120 | ||||
Other receivables | 16,139,888 | 20,668,261 | ||||
Taxation - payments less provision | 12,562,927 | 6,146,593 | ||||
Cash and bank balances | 29,520,607 | 43,495,992 | ||||
585,096,607 | 768,392,383 | |||||
TOTAL ASSETS | 796,777,622 | 987,944,468 | ||||
EQUITY AND LIABILITIES | ||||||
Share capital and reserves | ||||||
Share capital | 114,725,290 | 114,725,290 | ||||
General and other reserves | 206,636,773 | 220,822,955 | ||||
321,362,063 | 335,548,245 | |||||
LIABILITIES | ||||||
Non-current liabilities | ||||||
Long-term deposits | 2,279,120 | 2,059,823 | ||||
Employee benefit plan obligation | 22,658,997 | 21,867,170 | ||||
Long-term financing | 5,000,000 | 65,000,000 | ||||
29,938,117 | 88,926,993 | |||||
Current liabilities | ||||||
Trade and other payables | 297,110,491 | 392,620,294 | ||||
Advances from customers | 1,011,303 | 1,578,673 | ||||
Accrued markcup | 3,888,567 | 9,715,342 | ||||
Current portion of long-term deposits | 219,888 | 133,799 | ||||
Current portion of long-term financing | 60,000,000 | 60,000,000 | ||||
Unclaimed dividend | 3,377,193 | 3,395,122 | ||||
Short-term financing | 79,870,000 445,477,442 | 96,026,000 563,469,230 | ||||
TOTAL LIABILITIES | 475,415,559 | 652,396,223 | ||||
Contingency and commitments | ||||||
TOTAL EQUITY AND LIABILITIES | 796,777,622 | 987,944,468 | ||||
SYED SA
D ALI
Chief Financial Officer
BOl8fl Castings Limited.
STATEMENT OF PROFIT OR LOSSFOR THE YEAR ENDED JUNE 30, 2025
2025 Rupees | 2024 Rupees | ||
Revenue from contracts with customers | 1,712,641,867 | 3,390,175,000 | |
Cost of sales | (1,555,889,947) | (2,809,936,212) | |
Gross profit | 156,751,920 | 580,238,788 | |
Distribution expenses | (52,977,183) | (83,448,294) | |
Administrative expenses | (80,570,163) | (106,846,988) | |
Other expenses | (24,152,900) | ||
Other income | 11,111,373 | 19,218,557 | |
Operating profit | 34,315,947 | 385,009,163 | |
Finance cost | (34,870,888) | (65,605,906) | |
(Loss) / profit before income tax expense | (554,941) | 319,403,257 | |
Income tax expense | (18,590,540) | (200,736,410) | |
(Loss) / profit for the year | (19,145,481) | 118,666,847 | |
(Loss) / earnings per share - basic and diluted | (1.67) | 10.34 |
ief Fin••ciaiOfficer
Bolan CaStings Lifhjtpy,
STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED JUNE 30, 2025
2025 Rupees | 2024 Rupees | ||
(Loss) / profit for the year | (19,145,481) | 118,666,847 | |
Other comprehensive income for the year | |||
Items that will not be reclassified to profit or loss | |||
in subsequent period | |||
Remeasurements of employee benefits - note 9.9 | 2,184,242 | (2,187,820) | |
Impact of deferred tax | (720,943) | 721,981 | |
1,463,299 | (1,465,839) | ||
Unrealised gain on revaluation of investment at fair value through other comprehensive income (FVTOCI) | 3,496,000 | 18,400,000 | |
Other comprehensive income for the year - net of tax | 4,959,299 | 16,934,161 | |
Total comprehensive (loss) / income for the year | (14,186,182) | 135,601,008 | |
SYED P Lt
Financiât t3fficer
! Bolan Castings Limited.
STATEMENT OF CASH FLOWSFOR THE YEAR ENDED JUNE 30, 2025
2025 Rupees | 2024 Rupees | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Cash generated from operations | 124,382,944 | 291,738,424 |
Decrease in long-term loans and advances | 501,248 | 435,752 |
Decrease / (increase) in long-term deposits | 305,386 | (1,248,630) |
Income tax paid - net | (28,816,840) | (63,833,312) |
Employee benefits paid | (2,126,515) | (6,236,809) |
Finance cost paid - conventional | (21,489,783) | (43,793,677) |
Finance cost paid - islamic | (17,637,058) | (29,499,212) |
Net cash generated from operating activities | 55,119,382 | 147,562,536 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Purchase of property, plant and equipment | (1,414,279) | (10,209,801) |
Proceeds from disposal of property, plant and equipment | 853,000 | 3,551,454 |
Return received on savings and deposit accounts | 5,052,941 | 7,105,522 |
Dividend received | 2,587,500 | 3,881,250 |
Net cash generated from investing activities | 7,079,162 | 4,328,425 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Dividend paid | (17,929) | (3,890) |
Long-term financing obtained | 165,000,000 | |
Repayment of long-term financing | (60,000,000) | (40,000,000) |
Short-term financing obtained | 177,364,144 | 221,655,805 |
Repayment of short-term financing | (193,520,144) | (274,266,206) |
Net cash (used in) / generated from financing activities | (76,173,929) | 72,385,709 |
Net (decrease) / increase in cash and cash equivalents | (13,975,385) | 224,276,670 |
Cash and cash equivalents at beginning of the year | 43,495,992 | (180,780,678) |
Cash and cash equivalents at end of the year | 29,520,607 | 43,495,992 |
SYED in
/hi0f Financial
Bolan Castings Limited.
STATEMENT OF CHANGES IN EQUITYFOR THE YEAR ENDED JUNE 30, 2025
Share Capital
Issued, subscribed and paid up capital
CapitalShare premium General
Reserves
Revenue
Accumulated loss Investment
Revaluation
Subtotal
Total
Rupeee
Balance as at July 1, 2023
Total comprehensive loss for the year ended June 30, 2024
- Profit for the year
ended June 30, 2024
114,725,290
12,155,680
424,500,000
(364,908,733) 13,475,000
85,221,947
199,947,237
- Other comprehensive income
for the year ended June 30, 2024
118,666,847 | 118,666,847 | 118,666,847 | ||||
(1,465,839) | 18 400 000 | 16,934,161 | 16,934,161 |
117,201,008
18,400,000
135,601,008
135,601,008
Balance as at June 30, 2024
Total comprehensive income / (loss) for the year ended June 30, 2025
(19,145,481) | (19,145,481) | (19,145,481j | ||||
1,463,299 | 3,496,000 | 4,959,299 | 4,959¿99 |
Loss for the year ended June 30, 2025
Other comprehensive income
for the year ended June 30, 2025
114,725,290
12,155,660
424,500,000
(247,707,725) 31,675,000
220,622,955
335,546,245
(17,682,182) | (14,186,182) | (14186,182 | ||||||
Balance as at June 30, 2025 | 114,725,290 | 12,155,680 | 424,500,000 | (265,389,907) | 35,371,000 | 206,636,773 | 321,362,063 | |
B0lanCastings‹:nite«.