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FIRST EQUITY MODARABA | Rs.In "000 | ||||||||||||||||||||
TEN YEARS AT A GLANCE | Restated | ||||||||||||||||||||
BALANCE SHEET | June2013 | June2014 | June2015 | June2016 | June2017 | June2018 | June2019 | June2020 | June2021 | June2022 | |||||||||||
Authorised Capital | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | 600,000 | |||||||||||
Issued Subscribed & Paid-up-capital | 524,400 | 524,400 | 524,400 | 524,400 | 524,400 | 524,400 | 524,400 | 524,400 | 524,400 | 524,400 | |||||||||||
Reserves | 110,463 | 115,035 | 117,529 | 119,794 | 130,843 | 126,650 | 123,347 | 117,485 | 111,306 | 100,962 | |||||||||||
Revaluation Reserve on Investment | (7,355) | (13,150) | (20,170) | (25,286) | (30,023) | (37,125) | (53,437) | (29,970) | 7,939 | (68,012) | |||||||||||
Deferred Liabilities | 2,092 | 1,556 | 2,655 | 2,934 | 2,864 | 4,046 | 4,252 | 4,551 | 5,711 | 5,898 | |||||||||||
Creditors, accrued expenses and other liabilities | 6,139 | 11,857 | 24,657 | 7,940 | 62,860 | 12,283 | 8,333 | 9,730 | 22,456 | 14,764 | |||||||||||
Profit distbution | - | 19,665 | 8,914 | 6,817 | 31,464 | - | - | - | 22,600 | - | |||||||||||
Unclaimed profit dastribution | 26,003 | 25,967 | 27,618 | 27,845 | 28,730 | 29,642 | 29,561 | 29,560 | 29,554 | 30,448 | |||||||||||
Provision for taxation | 3,773 | - | - | - | - | - | - | - | - | - | |||||||||||
665,515 | 686,345 | 685,603 | 664,444 | 751,138 | 659,895 | 636,456 | 655,757 | 723,965 | 608,460 | ||||||||||||
Tangible Assets | 19,234 | 17,849 | 17,377 | 16,361 | 8,825 | 7,931 | 9,125 | 7,788 | 6,443 | 5,060 | |||||||||||
Intangibe Assets | 19,000 | 19,000 | 19,000 | 19,000 | 10,000 | - | - | - | - | - | |||||||||||
Deferred Costs | - | - | - | - | - | - | - | - | - | - | |||||||||||
Invesments | 373,192 | 431,784 | 423,890 | 426,898 | 499,291 | 453,889 | 430,925 | 449,719 | 563,344 | 499,126 | |||||||||||
Morabaha/Musharaka Receivables | 150,039 | 159,320 | 153,003 | 140,333 | 134,320 | 136,668 | 139,583 | 53,075 | 8,634 | 9,561 | |||||||||||
Advances, deposits prepayments | |||||||||||||||||||||
and other receivables | 54,475 | 48,501 | 52,048 | 51,063 | 57,308 | 49,780 | 52,439 | 54,418 | 62,092 | 84,037 | |||||||||||
Cash and Bank balance | 49,575 | 9,889 | 20,285 | 10,789 | 41,394 | 11,626 | 4,384 | 90,758 | 83,451 | 10,676 | |||||||||||
PROFIT & LOSS ACCOUNT | 665,515 | 686,345 | 685,603 | 664,444 | 751,138 | 659,895 | 636,456 | 655,757 | 723,965 | 608,460 | |||||||||||
Income / (loss) | 53,722 | 46,938 | 34,684 | 30,680 | 82,329 | 17,246 | 19,814 | 16,691 | 44,880 | 22,850 | |||||||||||
Operating expenses | (25,093) | (22,242) | (21,775) | (21,587) | (34,290) | (21,439) | (23,117) | (22,552) | (25,989) | (25,789) | |||||||||||
Modaraba company's Management'fee | (989) | (3,307) | (1,511) | - | (5,526) | - | - | - | (1,889) | - | |||||||||||
Sales tax on Modaraba Management Fee | (246) | - | |||||||||||||||||||
Worker Welfare Fund | (335) | - | |||||||||||||||||||
Taxation | (2,226) | - | - | - | - | - | - | - | - | (3,785) | |||||||||||
Profit/ (Loss) for the year | 28,629 | 24,696 | 11,398 | 9,093 | 42,513 | (4,193) | (3,304) | (5,861) | 16,421 | (6,724) | |||||||||||
Cash Distribution | - | 3.75% | 1.70% | 1.30% | 6.00% | - | - | - | 5.00% | ||||||||||||
Earnings per certificate | 0.127 | 0.471 | 0.217 | 0.173 | 0.81 | (0.08) | (0.06) | (0.11) | 0.31 | (0.13) | |||||||||||
Breakup value | 11.97 | 12.33 | 12.03 | 11.93 | 12.52 | 11.71 | 11.33 | 11.67 | 12.27 | - | |||||||||||
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