CRESCENT JUTE PRODUCTS LIMITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED) AS AT 31 DECEMBER 2024
Un-audited | Audited | ||
December 31, | June 30, 2024 | ||
2024 | |||
NOTE | RUPEES | ||
EQUITY AND LIABILITIES | |||
SHARE CAPITAL AND RESERVES | |||
Authorized share capital | |||
30,000,000 (30 June 2024: 30 000 000) | |||
ordinary shares of Rupees 10 each | 300,000,000 | 300,000,000 | |
Issued, subscribed and paid-up share capital | 237,634,680 | 237,634,680 | |
Capital reserves | 35,633,084 | 35,633,084 | |
Accumulated loss | (473,067,830) | (469,236,822) | |
(199,800,066) | (195,969,058) | ||
NON-CURRENT LIABILITIES | - | - | |
CURRENT LIABILITIES |
Accrued liabilities and other payables | |
Accrued mark-up | 3 |
Borrowings | |
Unclaimed dividend | |
Provision for taxation | |
TOTAL EQUITY AND LIABILITIES | |
CONTINGENCIES AND COMMITMENTS | 4 |
ASSETS | |
NON-CURRENT ASSETS | |
Operating fixed assets | 5 |
CURRENT ASSETS |
13,219,946
79,864,414
110,106,234
337,312
324,581
203,852,487
4,052,421
-
1,725,784
9,690,099
79,864,414
110,106,234
337,312
120,571
200,118,630
4,149,572
-
1,811,132
Security deposits
Prepayments and other receivables Short term investments
Cash and bank balances
TOTAL ASSETS
37,500
741,423
1,491,360
56,354
2,326,637
4,052,421
37,500
536,561
1,713,404
50,975
2,338,440
4,149,572
The annexed notes from 1 to 13 form an integral part of these condensed interim financial statements.
CHIEF EXECUTIVE OFFICER | DIRECTOR | |||
CHIEF FINANCIAL OFFICER |
CRESCENT JUTE PRODUCTS LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED) FOR THE QUARTER AND SIX MONTHS PERIOD ENDED 31 DECEMBER 2024
NOTE
HALF YEAR ENDED | QUARTER ENDED | |||
December 31, | December | December 31, | December 31, | |
2024 | 31, 2023 | 2024 | 2023 |
--------------------------------RUPEES---------------------------------
Other Income - net | 6 | (208,064) | (197,379) | 272,443 | 3,752 | |||
Administrative expenses | (3,616,912) | (3,931,186) | (1,975,120) | (1,648,314) | ||||
Finance cost | (6,032) | (5,858) | (3,480) | (2,552) | ||||
Loss before levies and tax | ||||||||
(3,831,008) | (4,134,423) | (1,706,157) | (1,647,114) | |||||
Levies | - | (401) | - | (401) | ||||
Loss before tax | ||||||||
(3,831,008) | (4,134,824) | (1,706,157) | (1,647,515) | |||||
Taxation | - | (5,138) | - | (5,138) | ||||
Loss after taxation | ||||||||
(3,831,008) | (4,139,962) | (1,706,157) | (1,652,653) | |||||
Loss per share - basic and diluted | 8 | (0.16) | (0.17) | (0.07) | (0.07) | |||
The annexed notes from 1 to 13 form an integral part of these condensed interim financial statements.
CHIEF EXECUTIVE OFFICER | DIRECTOR | CHIEF FINANCIAL OFFICER |
CRESCENT JUTE PRODUCTS LIMITED
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UN-AUDITED) FOR THE QUARTER AND SIX MONTHS PERIOD ENDED 31 DECEMBER 2024
HALF YEAR ENDED | QUARTER ENDED | |||||
December | December | December | December | |||
31, 2024 | 31, 2023 | 31, 2024 | 31, 2023 | |||
------------------------------- | (RUPEES) ------------------------------ | - | ||||
Loss after taxation
Items that will not be reclassified subsequently to profit or loss:
Deficit arising on remeasurement of investment at fair value through other comprehensive income
Items that may be reclassified subsequently to profit or loss
Other comprehensive income for the period
Total comprehensive loss for the period
(3,831,008)
-
-
-
(3,831,008)
(4,139,962)
-
-
-
(4,139,962)
(1,706,157)
-
-
-
(1,706,157)
(1,652,653)
-
-
-
(1,652,653)
The annexed notes from 1 to 13 form an integral part of these condensed interim financial statements.
CHIEF EXECUTIVE OFFICER | DIRECTOR | CHIEF FINANCIAL OFFICER |
CRESCENT JUTE PRODUCTS LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)
FOR THE HALF YEAR ENDED 31 DECEMBER 2024
CAPITAL RESERVES | |||||||
SHARE | Share | Fair value reserve | Accumulated | TOTAL | |||
CAPITAL | on FVTOCI | Sub Total | losses | EQUITY | |||
premium | |||||||
investments | |||||||
-------------------------------------------------------------- | (RUPEES) ----------------------------------------------------------- | - | |||||
Balance as at 30 June 2023 - (Audited)
237,634,680 | 35,767,584 |
(134,500) | 35,633,084 |
(461,854,155) (188,586,391)
Loss for the half year ended 31 December 2023 Other comprehensive income for the half year ended 31 December 2023
Total comprehensive loss for the half year ended 31 December 2023
- | - | |
- | - | |
- | - |
- | - | |
- | - | |
- | - |
(4,139,962)
-
(4,139,962)
(4,139,962)
-
(4,139,962)
Balance as at 31 December 2023 - (Un-audited)
Loss for the half year ended 30 June 2024
Other comprehensive income for the half year ended 30 June 2024
Total comprehensive loss for the half year ended 30 June 2024
237,634,680 | 35,767,584 | |
- | - | |
- | - | |
- | - |
(134,500) | 35,633,084 | |
- | - | |
- | - | |
- | - |
(465,994,117) (192,726,353)
(3,242,705) (3,242,705)
- | - |
(3,242,705) (3,242,705)
Balance as at 30 June 2024 - (Audited)
Loss for the half year ended 31 December 2024
Other comprehensive income for the half year 31 December 2024
Total comprehensive loss for the half year 31 December 2024
Balance as at 31 December 2024 - (Un-audited)
237,634,680 | 35,767,584 | |||
- | - | |||
- | - | |||
- | - | |||
237,634,680 | 35,767,584 | |||
(134,500) | 35,633,084 | |||
- | - | |||
- | - | |||
- | - | |||
(134,500) | 35,633,084 | |||
(469,236,822)
(3,831,008)
-
(3,831,008)
(473,067,830)
(195,969,058)
(3,831,008)
-
(3,831,008)
(199,800,066)
The annexed notes from 1 to 13 form an integral part of these condensed interim financial statements.
CHIEF EXECUTIVE OFFICER | DIRECTOR | CHIEF FINANCIAL OFFICER |
CRESCENT JUTE PRODUCTS LIMITED
CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED)
FOR THE HALF YEAR ENDED 31 DECEMBER 2024
HALF YEAR ENDED
December 31, December 31,
2024 2023
NOTERUPEES
CASH FLOWS FROM OPERATING ACTIVITIES
Loss before taxation
Adjustments for non-cash charges and other items:
Depreciation
Profit on bank deposits
Net un-realized loss on remeasurement of investments at fair value through profit or loss
Finance cost
Working capital changes
(Increase) in prepayments and other receivables Increase in accrued liabilities and other payables
Cash used in from operations
Finance cost paid
Income tax paid
Net cash used in from operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Profit on bank deposits received
Net cash from investing activities
CASH FLOWS FROM FINANCING ACTIVITIES Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period
5
6
6
6
(3,831,008)
85,348
(13,979)
222,043
6,032
299,444
(204,862)
3,733,857
3,528,995
(2,569)
(6,032)
-
(8,600)
13,979
13,979
-
5,379
50,975
56,354
(4,134,423)
96,429
(23,723)
223,779
5,858
302,343
(28,918)
3,849,718
3,820,801
(11,279)
(5,858)
(5,539)
(22,675)
23,723
23,723
-
1,048
110,324
111,372
The annexed notes from 1 to 13 form an integral part of these condensed interim financial statements.
CHIEF EXECUTIVE OFFICER | DIRECTOR | CHIEF FINANCIAL OFFICER |