Un-Audited
Standalone & Consolidated
Condensed Interim Financial Information
For The Half Year Ended
December 31, 2024
H A L F
Y E A R L Y
R E P O R T
BRR Guardian Limited 2024
BRR Guardian Limited
Contents | Page |
Corporate Information | 03 |
Directors' Report | 04 |
05 | |
Independent Auditors' Report on Review of | |
Condensed Interim Financial Information to the Share Holders | 06 |
Condensed Interim Statement of Financial Position | 08 |
Condensed Interim Statement of Profit or Loss | 09 |
Condensed Interim Statement of Comprehensive Income | 10 |
Condensed Interim Statement of Cash Flows | 11 |
Condensed Interim Statement of Changes in Equity | 12 |
Notes to the Condensed Interim Financial Information | 13 |
BRR Guardian Limited
Contents | Page |
Directors' Report to the Consolidated Condensed | |
Interim Financial Information | 25 |
26 | |
Consolidated Condensed Interim Statement of Financial Position | 27 |
Consolidated Condensed Interim Statement of Profit or Loss | 28 |
Consolidated Condensed Interim Statement of Comprehensive Income | 29 |
Consolidated Condensed Interim Statement of Cash Flows | 30 |
Consolidated Condensed Interim Statement of Changes in Equity | 31 |
Notes to the Consolidated Condensed Interim Financial Information | 32 |
BRR Guardian Limited
CORPORATE INFORMATION
Chairperson | Ms. Hamida Dawood | ||
Chief Executive | Mr. Ayaz Dawood | ||
Directors | Ms. Hamida Dawood | ||
Mr. Ayaz Dawood | |||
Mr. Waqas Anwar Qureshi | |||
Mr. Amer Maqbool | |||
Mr. Ghazanfar-ul-Islam | |||
Mr. Junaid Sakhi | |||
Mr. Muhammad Ali Ayaz Dawood | |||
Audit Committee | Mr. Waqas Anwar Qureshi | - | Chairman |
Mr. Ghazanfar-ul-Islam | - | Member | |
Mr. Amer Maqbool | - | Member | |
Shariah Advisor | Mufti Muhammad Aqeel | ||
Chief Financial Officer | Syed Tariq Masood | ||
Company Secretary | Mr. Tahir Mehmood | ||
Head of Internal Audit | Abdul Rahman Subhan | ||
Auditors | Crowe Hussain Chaudhury & Co. Chartered Accountants | ||
Legal Advisor | Malik & Malik Law Associates | ||
Bankers | Al-Baraka Bank (Pakistan) Limited | ||
Habib Metropolition Bank Limited | |||
Web-site | www.firstdawood.com/brrgl | ||
Registered Office & | 20th Floor BRR Tower, Hassan Ali Street, | ||
Head Office | off: I. I. Chundrigar Road, Karachi-74000. | ||
Tel No. : 92 (21) 32602401-6 and 32270181-6 | |||
Email : brr@firstdawood.com | |||
Registrars | F.D. Registrar Services (Pvt.) Limited | ||
Suit 1705 - A. 17th Floor, Saima Trade Tower, | |||
I.I. Chundrigar Road, Karachi. | |||
Tel No. (92-21) 32271905-6 (92-21) 32213243 | |||
E-mail: info@fdregistrar.com | |||
complain@fdregistrar.com | |||
fdregistrar@yahoo.com | |||
Branch Offices | Office No. 405 4th Floor, 55-B, ISE Tower | ||
Jinnah Avenue, Islamabad | |||
Security Vault | G-187, Block-2, Shahrah-e-Quaideen, | ||
PECHS Karachi-754000 | |||
3
BRR Guardian Limited
DIRECTORS' REPORT
Dear Shareholders,
On behalf of the Board of Directors of BRR Guardian Limited ('BRRG'), it gives us great pleasure to present to you the 2nd Quarter Condensed Interim Financial Statements for the half year ended December 31, 2024.
FINANCIAL PERFORMANCE
Financial highlights | December 31, | December 31, |
2024 | 2023 | |
- - - - - - - Rupees - - - - - - - | ||
Profit Before levy & taxation | 930,100,576 | 295,563,523 |
Levy & taxation | (147,672,780) | (55,001,742) |
Net profit for the year | 782,427,796 | 240,561,781 |
Earnings per share | 8.24 | 2.53 |
During the period, BRRG demonstrated a record growth in profit before levy and taxation to Rs.930.100 million from Rs.295.563 million. After accounting for levy and taxation of Rs.147.672 million, the net profit stood at Rs.782.427 million and Earnings per share (EPS) showed a threefold increase to Rs.8.24 from Rs.2.53. Our steadfast commitment to delivering value to our shareholders remains unwavering.
CONCLUSION / FUTURE PROSPECT:
We are closely monitoring the business scenario, aiming to sustain profitable growth and create value for shareholders
On Behalf of the Board of Directors
BRR Guardian Limited
Hamida Dawood | Ayaz Dawood |
Chairperson | Chief Executive Officer |
February 18, 2025 | |
Karachi |
4
BRR Guardian Limited
295,563,523 | 930,100,576 | |
(55,001,742) | (147,672,780) | |
240,561,781 | 782,427,796 | |
2.53 | 8.24 | |
5
6
7
BRR Guardian Limited
Condensed Interim Statement of Financial Position
As at December 31, 2024
(Un-Audited)
(Un-audited) | (Audited) | |||
December 31, | June 30, | |||
2024 | 2024 | |||
ASSETS | Note | -------------- (Rupees) -------------- | ||
Non Current Assets | ||||
Property, plant and equipment | 5 | 116,677,027 | 105,228,878 | |
Investment properties | 6 | 904,205,396 | 926,140,871 | |
Long-term investment | 7 | 43,054,009 | 43,054,009 | |
Long-term musharaka finances | 8 | 8,907,691 | 15,406,983 | |
Long-term loans, advances and deposits | 4,213,668 | 4,392,927 | ||
1,077,057,791 | 1,094,223,668 | |||
Current Assets | ||||
Loans, advances and prepayments | 20,764,871 | 27,593,568 | ||
Current portion of musharaka finances | 8 | 10,591,394 | 29,286,221 | |
Accrued profit | 10 | 227,063 | 883,745 | |
Other receivables | 11 | 51,082,209 | 49,970,661 | |
Tax refund due from government - net | 44,819,631 | 61,878,796 | ||
Short-term investments | 9 | 4,258,067,653 | 2,854,439,780 | |
Cash and bank balances | 12 | 4,956,774 | 9,401,705 | |
4,390,509,595 | 3,033,454,476 | |||
4,390,509,595 | 3,033,454,476 | |||
TOTAL ASSETS | ||||
5,467,567,386 | 4,127,678,144 | |||
EQUITY AND LIABILITIES | ||||
Capital and reserves | ||||
Authorised share capital | ||||
140,010,000 (June 30,2024: 140,010,000) shares of Rs. 10/- each | 1,400,100,000 | 1,400,100,000 | ||
Issued, subscribed and paid-up share capital | ||||
950,084,890 | 950,084,890 | |||
Capital reserves | 2,457,658,218 | 2,012,505,449 | ||
Revenue reserve | 1,315,951,517 | 579,496,764 | ||
TOTAL EQUITIES | 4,723,694,625 | 3,542,087,103 | ||
Liabilities | ||||
Non Current Liabilities | ||||
Long-term musharaka finance | 13 | - | - | |
Long-term security deposits | 79,299,039 | 73,437,789 | ||
Deferred tax liability | 440,087,838 | 262,545,232 | ||
519,386,877 | 335,983,021 | |||
Current Liabilities | ||||
Current portion of long-term musharaka finance | 13 | - | - | |
Current portion of security deposits | 9,800,383 | 9,800,383 | ||
Creditors, accrued and other liabilities | 14 | 175,883,698 | 202,980,693 | |
Accrued profit on borrowings | - | - | ||
Unclaimed dividend / Dividend payable | 38,801,803 | 36,826,944 | ||
TOTAL LIABILITIES | 224,485,884 | 249,608,020 | ||
Contingencies and commitments | 15 | |||
TOTAL EQUITY AND LIABILITIES | ||||
5,467,567,386 | 4,127,678,144 | |||
The annexed notes form an integral part of these condensed interim financial information.
Director | Chief Executive Officer | Chief Financial Officer |
8
BRR Guardian Limited
Condensed Interim Statement of Profit or Loss
For The Half Year And Quarter Ended December 31, 2024
(Un-Audited)
Half year ended | Quarter ended | ||||
Note | December 31, | December 31, | December 31, | December 31, | |
2024 | 2023 | 2024 | 2023 | ||
----------------------------------- | (Rupees) ----------------------------------- |
Rental Income | 140,791,001 | |||
Administrative and operating expenses | (102,512,728) | |||
Depreciation | (35,456,728) | |||
Expected credit loss allowance-net | 16 | (75,536) | ||
Operating profit / (loss) | 2,746,009 | |||
Other income | 17 | 13,906,871 | ||
Investment income | 18 | 914,045,163 | ||
Finance costs | (597,467) | |||
Profit before income tax and levy | 930,100,576 | |||
Levy - final tax | (1,907,638) | |||
Profit before income tax | ||||
928,192,938 | ||||
Income tax | 20 | (145,765,142) | ||
Net profit for the period | ||||
782,427,796 | ||||
Earnings per shares - basic and diluted | 8.24 | |||
152,757,044
(99,745,730)
(28,921,155)
116,573
24,206,732
41,746,340
241,703,587
(12,093,136)
295,563,523
(1,068,159)
294,495,364
(53,933,583)
240,561,781
2.53
70,563,869
(57,726,893)
(17,740,236)
(75,536)
(4,978,796)
(3,408,887)
894,568,625
(410,441)
885,770,501
(1,633,409)
884,137,092
(134,799,376)
749,337,716
7.89
78,097,503
(50,016,463)
(14,633,831)
116,573
13,563,782
12,384,779
234,541,013
(6,542,107)
253,947,467
(832,433)
253,115,034
(44,308,614)
208,806,420
2.20
The annexed notes form an integral part of these condensed interim financial information.
Director | Chief Executive Officer | Chief Financial Officer |
9
| Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |