Fateh Sports Wear Limited
Condensed Interim Statement of Financial Position
As at December 31, 2024
Dec 31, 2024 | Jun 30, 2024 | |
Un-Audited | Audited | |
Rupees | ||
Non Current Assets | ||
Property, Plant and Equipments | 10,238,153 | 10,376,005 |
Capital work in Progress | 29,844,042 | 29,844,042 |
40,082,195 | 40,220,047 | |
Current Assets | ||
Trade Receivables | 556,700,000 | 556,600,000 |
Advances, Deposits and Prepayments | 1,748,395 | 1,748,395 |
Cash and Bank Balances | 83,592 | 81,563 |
558,531,987 | 558,429,958 | |
Total | 598,614,182 | 598,650,005 |
Share Capital & Reserves | ||
Share Capital | 20,000,000 | 20,000,000 |
Revenue Reserves | ||
General reserve | 53,500,000 | 53,500,000 |
Accumulated profit | 491,500,454 | 493,106,224 |
545,000,454 | 546,606,224 | |
565,000,454 | 566,606,224 | |
Current Liabilities | ||
Trade and Other Payables | 7,109,261 | 5,619,314 |
Loan from Directors | 26,391,076 | 26,311,076 |
Provision for Taxation | 113,391 | 113,391 |
33,613,728 | 32,043,781 | |
CONTINGENCIES AND COMMITMENTS - Note No.3 | ||
Total | 598,614,182 | 598,650,005 |
The annexed notes form an integral part of these condensed financial statements |
RAUF ALAM | SAEED ALAM | MUHAMMAD ISMAIL |
Chief Executive | Director | Chief Financial Officer |
Dated: February 24, 2025
Fateh Sports Wear Limited
Condensed Interim Statement of Profit or Loss & Comprehensive Income
For the Half Year Ended December 31, 2024
(Un-Audited)
2024 | 2023 | |||
OCT-DEC | JUL-DEC | OCT-DEC | JUL-DEC | |
2023 | 2023 | 2023 | 2023 | |
Rupees | Rupees | Rupees | Rupees | |
Sales | 0 | 0 | 0 | 0 |
Less: Cost of sales | 0 | 0 | 0 | 0 |
Gross Profit | 0 | 0 | 0 | 0 |
Less: Administration expense | 920,170 | 1,619,959 | 593,308 | 1,119,801 |
(920,170) | (1,619,959) | (593,308) | (1,119,801) | |
Add: Other Income | ||||
Exchange Gain/(Loss) | 1,600,000 | 100,000 | (13,480,000) | (9,480,000) |
Operating Profit/(Loss) | 679,830 | (1,519,959) | (14,073,308) | (10,599,801) |
Less: Financial expenses | 40 | 811 | 78 | 582 |
Other charges | 85,000 | 85,000 | 75,000 | 75,000 |
85,040 | 85,811 | 75,078 | 75,582 | |
Profit/(Loss) before Taxation | 594,790 | (1,605,770) | (14,148,386) | (10,675,383) |
Taxation | 0 | 0 | 0 | 0 |
Net Profit /(Loss) after Taxation | 594,790 | (1,605,770) | (14,148,386) | (10,675,383) |
Other comprehensive income | 0 | 0 | 0 | 0 |
Total Comprehensive Income/(Loss) | ||||
for the Period | 594,790 | (1,605,770) | (14,148,386) | (10,675,383) |
Earning / (Loss) per share - Basic and Diluted | 0.30 | (0.80) | (7.07) | (5.34) |
The annexed notes form an integral part of these condensed financial statements.
RAUF ALAM | SAEED ALAM | MUHAMMAD ISMAIL |
Chief Executive | Director | Chief Financial Officer |
Dated: February 24, 2025
Fateh Sports Wear Limited
Condensed Interim Statement of Cash Flows
For the Half Year Ended December 31, 2024
31-12-2024 | 31-12-2023 | |
RUPEES | RUPEES | |
CASH FLOW FROM OPERATING ACTIVITIES | ||
(Loss) before taxation | (1,605,770) | (10,675,383) |
Adjustments for: | ||
Foreign Exchange loss / (Gain) | (100,000) | 9,480,000 |
Depreciation | 137,852 | 153,251 |
Operating (loss) before working capital changes | (1,567,918) | (1,042,132) |
(Increase) / Decrease in operating assets | ||
Trade Receivables | 0 | 0 |
Advances, deposits and prepayments | 0 | 0 |
(1,567,918) | (1,042,132) | |
Increase /(Decrease) in operating liabilities | ||
Trade and other payables | 1,489,947 | 573,741 |
Cash generated from / (used in) operations | (77,971) | (468,391) |
Tax deducted at source / paid | 0 | 0 |
Net Cash from (used in) operating activities | (77,971) | (468,391) |
CASH FLOW FROM INVESTING ACTIVITIES | ||
0 | 0 | |
Net Cash from (used in) investing activities | 0 | 0 |
CASH FLOW FROM FINANCING ACTIVITIES | ||
Increase /(Decrees) in Loan from directors | 80,000 | 450,000 |
Net Cash from financing activities | 80,000 | 450,000 |
Net Increase / (Decrease) in cash and cash equivalents | 2,029 | (18,391) |
Cash and cash equivalent at the beginning of the period | 81,563 | 140,057 |
Cash and cash equivalent at the end of the period | 83,592 | 121,666 |
RAUF ALAM | SAEED ALAM | MUHAMMAD ISMAIL |
Chief Executive | Director | Chief Financial Officer |
Dated: February 24, 2025
Fateh Sports Wear Limited
Condensed Interim Statement of Changes in Equity
For the Half Year Ended December 31, 2024
Amount in Rupees | ||||
Share | General | Accumulated | ||
Capital | Reserve | (Loss) | Total | |
Balance as at July 1, 2023 | 20,000,000 | 53,500,000 | 513,011,146 | 586,511,146 |
Loss for the period | 0 | 0 | (10,675,383) | (10,675,383) |
Other Comprehensive income for the period | 0 | 0 | 0 | 0 |
0 | 0 | (10,675,383) | (10,675,383) | |
Balance as at December 31, 2023 | 20,000,000 | 53,500,000 | 502,335,763 | 575,835,763 |
Balance as at July 1, 2024 | 20,000,000 | 53,500,000 | 493,106,224 | 566,606,224 |
Loss for the period | 0 | 0 | (1,605,770) | (1,605,770) |
Other Comprehensive income for the period | 0 | 0 | 0 | 0 |
0 | 0 | (1,605,770) | (1,605,770) | |
Balance as at December 31, 2024 | 20,000,000 | 53,500,000 | 491,500,454 | 565,000,454 |
RAUF ALAM | SAEED ALAM | MUHAMMAD ISMAIL |
Chief Executive | Director | Chief Financial Officer |
Dated: February 24, 2025