FIRST CAPITAL SECURITIES CORPORATION LIMITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED (UN-AUDITED) MARCH 31, 2025
First Capital Securities Corporation Limited Company Information
Board of Directors
Shehrbano Taseer (Chairman) Aamna Taseer (CEO) Shahbaz Ali Taseer
Shehryar Ali Taseer Naeem Akhtar
Mustafa Mujeeb Chaudhry Umair Fakhar Alam
Non-Executive Executive
Non-Executive Non-Executive Non-Executive Independent Independent
Chief Financial Officer Saeed Iqbal
Audit Committee Umair Fakhar Alam (Chairman) Shehrbano Taseer (Member) Naeem Akhtar (Member)
Human Resource and Remuneration (HR&R) Committee
Umair Fakhar Alam (Chairman) Aamna Taseer (Member) Shehrbano Taseer (Member)
Risk Management Committee Shehrbano Taseer (Chairperson) Aamna Taseer (Member)
Umair Fakhar Alam (Member)
Company Secretary Sajjad Ahmad
Auditors
Malik Haroon Ahmad & Co. Chartered Accountants
Legal Advisers M/s. Ibrahim and Ibrahim
Barristers and Corporate Consultants Lahore
Bankers Allied Bank Limited
Bank Alfalah Limited Faysal Bank Limited Soneri Bank Limited Silkbank Limited
Registrar and Shares Transfer Office Corplink (Pvt.) Limited Wings Arcade, 1-K Commercial Model Town Lahore
Tel:
Registered Office First Capital House
96-B/1, Lower Ground Floor
M.M. Alam Road, Gulberg-III Lahore, Pakistan
Tele: + 92-42-35778217-18
DIRECTORS' REVIEWWe, on behalf of the Board of Directors of First Capital Securities Corporation Limited (the "Company" or "FCSC") are pleased to present the unaudited condensed interim financial statements of the Company for the nine months ended 31 March 2025.
Operational Results
The operating results of the Company are summarized as follows:
Revenue
Financial Overview
31 March 2025 Rupees 42,100,161
31 March 2024
Rupees
46,316,961
Unrealized gain/(loss) on short term investments Operating expenses
Operating (loss)/profit Finance and other costs Loss after taxation
Loss per share (basic and diluted)
37,970,22310,714,726
31,585,435268,561,142
(237,012,962)(0.75)
2,803,983
8,812,769
37,504,192
309,359,061
(271,237,042)
(0.86)
The Company reported after tax loss of Rs. 237.01 million as compared to Rs. 271,24 million in the corresponding period of last year. The unrealized gain is Rs. 37.97 million on investments. Operating expenses incurred at Rs. 10.71 million in comparison with Rs. 8.81 million in same period of last year. On net basis, per share loss of the Company has arrived at Rs.0.75 in comparison with Rs. 0.86 in the same period of last year.
The financial results of subsidiaries of "FCSC" during the period under review are given hereunder:
First Capital Equities Limited ("FCEL") reported a profit of Rs 43.24 million in 3QFY25 as compare to Rs. 7.49 million in 3QFY24. During the period due to discontinuation of operations, the brokerage income of FCEL is NIL in both periods. Further, the FCEL recorded capital gain / (loss) of Rs NIL against Rs. NIL last year. The Un-realized gain on re-measurement of investment is recorded at Rs. 43.77 million. Operating expenses decreased 12% during the period under review.
Lanka Securities (Put.) Limited ("LSL") generated a total revenue LKR. 295.87 million, and net profit of LKR. 69.35 million in nine months period which translates into an EPS of LKR. 2.81.
First Capital Investments Limited ("FCIL") reported profit after taxation of Rs. 34.15 million (EPS: 1.15) as compared to profit of Rs. 24.07 million (EPS: 1.15) in the corresponding period last year, mainly attributed to unrealized profit on re-measurement of investments of Rs. 31.43 million during the period under review. Unrealized profit on re-measurement of investments is subjected to positive return of stock market (KSE-100 index). The KSE -100 Index recorded a return of 50.18% during the period. Asset Management Fee has increased to Rs. 2.49 million as compared to Rs. 1.72 million in the corresponding period last year.
Evergreen Water Valley (Pvt.) Limited ("EGWV") sales of the EGWV decreased by 61.731% and recorded the net sales of Rs. 35.079 million as compared to Rs. 91.663 million during the period ending 31st March 2024, with the decrease of Rs.56.584 million. Such decrease in EGWV revenue is primarily attributable to decrease in construction works. However Operating Profit was impacted by higher input & energy cost due to Rupee devaluation and global increase in the prices of commodities.
Outlook
The Company in order to strengthen itself remained completely focused on maintaining its growth momentum. The management is monitoring its resources and making earnest efforts to reap the maximum benefits from them for its shareholders. This inv'olves optimizing revenue generation from core operations, treasury management whilst at the same time rationalizing the cost base.
The Board of Directors also wishes to express its gratefulness to the shareholders for their continued support and to all their employees for their ongoing dedication and commitment to the Company.
AcknowledgementDirectors of the company place on record their sincere appreciation for the assistance and cooperation provided by financial institutions, government authorities and other stake holders in attaining such commendable performance. The directors also appreciate the committed services of the employees of the Company.
For and on behalf of the Board of Directors
Chief Executix'e Officer
Lahore
25 April 2025
FIRST CAPITAL SECURIT!SS CORPORATION LIMITED
UNCONSOLtDATED CONDENSED INTERIOR STATEMENT OF FINANCIAL POSITION {UNAUDITED)
AS AT MARCH 31, 202S
NON-CURRENT ASSETS | |||||
Property, plant and equipment | 8 | 144,931,416 | 147,148,416 | ||
Investment properties | 9 | 3,364,342,900 | 3,364,342,900 | ||
Lone term investments | 10 | 1,557,801,671 | 1,539,695,763 | ||
Long term deposits | 37,500 | 37,500 | |||
5,067,113,487 | 5,051,224,579 | ||||
Loans, advances, prepayments and other receivables | S2,297,701 | S2,297,701 | |||
Short term investment | 10 | 46,507,768 | 36,198,120 | ||
Advance taX | 7,824,S05 | 6,914,135 | |||
Cash aad bank balances | 11,391,050 | 12,387,540 | |||
118,021,024 | 107,797,496 | ||||
CURRENT LIABILITIES | |||||
Trade and other payables | 1z | 58,354,250 | 64,290,590 | ||
Current portion of long term loan | 1,296,241,818 | 1,150,787,273 | |||
Accrued markup | 1,769,080,507 3,1Z3,676,S7S | 1,500,520,327 2,715,598,190 | |||
2,061,4S7,936 | 2,443,423,885 | ||||
l40ti-CURR£RT LIABILITIES | |||||
Long Term Loan | 627,Z72,727 | ||||
Staff retirement beneRo payable | 3512729 | 3,011,171 | |||
48S330,911 | 630,283,898 | ||||
CONTINGENCIES AND COMMITMENTS | 13 | ||||
NET ASSETS | 1 576 127 025 | 1 813 139 987 | |||
REPRESENTED BY | |||||
EQUITY | |||||
SMARS CAPITAL AND RESERVES | |||||
Authorized share capital: | |||||
320,000,000 (June 2024: 320,000,000) ordinary shares of Rs. 10 | |||||
each | 3,200,000,000 | 3,200,000,000 | |||
Issued, subscribed and paid-up capital | 3,166,101,120 | 3,166,101,120 | |||
Accumulated losses | (1,589,974,095) | (1,352,961,133) | |||
7 27 | 1,813,139,987 | ||||
The annexed notes 1 to 18 form an Integral part of these financial statements.
Cblef fisecudve Officer Cbief Ptaaodal OfBcer
PIRST €API7M S8C0RTTIBS C0RPORA7I0N LIMITED
UNCONSOMOATBD CONDBIgSBD DfT€R£M STAT¥M€NT' OF BROPFT OR LOSS (URAUDFT'B0) EORTTIE gUABTBB MD RTNB MONTTtS PERIOD BRDEO 31 MAR€H 2020
Three M‹›ntl1s fiM‹ted . 31 March 31 March 2025 2024 | |||||||||||
Gain ondisposal of shon tttni Investment | 43,512,978 | 3,540,650 | |||||||||
Unrealized ga1n/{loss) on re-measurement of'investments at falr value through profit or loss' | 2,C03.983 | (47,827,904} | 08.964,500) | ||||||||
42,100,161 | 46,3l6,961 | (W,228,W2) | (18,964,500) | ||||||||
Operating and administrative expenses - net | (0,812.769} | t8• *. T) | (2,485,508) | ||||||||
37.S04,192 | (48.033,206) | {21,450,008) | |||||||||
7,t95,502 | 1,469,384 | ||||||||||
Finance cost | (Z68,S61,142) | (309,3S9,061) | (B2,814,203) | (9S,07Z,S08) | |||||||
Final tax differential | t*.577,675) | ||||||||||
Loss before mmaoa | {Z37,012,962) | (271,237,042) | (130,847,401) | (115,058,132) | |||||||
(Z37,01Z,962) | (271,237,042) | (130,847,491) | (115,058,132) | ||||||||
The annexed notes 1 to 18 form an Integral pnrt of these finandal mteraents.
FIRST CAPITAL S€CURJTIES CORPORATION LIMITED
UNCON8OLtDATED CONDENSED TNTERI 4 SI'AMBIENT OF COMPRgNENSfV E INCOMr {UNAUDITED]
31 Ma rch
2025
3 I Marc h
2024
Three Mnntl s I'jHlocl 31 March 31 March
2025 20Z4
FOCI THE QUARTER AND NINE MONTHS PERJOD ENDED 31 MARCH Z025
.
Loss after taxaoon
Other comprehensive tacome For tbe yeari items flat will not be recIossi[ied to pro[it or lose:
hems r/ior mop su6seg uen Up rer/orsi/ied ro pro/ft or loss:
Other comgmbenstve tncome for be get og - net of tax
Total co mp rehensl ve loss for be pertod - aet oF tax
The an nexed notes 1 to T8 Form an integral pa rt of these financial sta tements.
Chlef Einanctat Officer
Chief czecudve Officer
(237,012,962) (271,237.042j (130,Bd7,491§ (115,05 8,132J
(237,012,962) (271,237,042) (130,847,491) (115,0S8.132)
recinr
FIBST CAPITAL SBCUBITTgS C0RP0RATtOIg LIMTTSO
UNCONSOLZDJTBD C00D£I¥SED INTERIM STATEMENT OF CHAKG6S IN EQUITY (UNAUDI ED FOB TBE NU8 MONTHS PERJOD £I¥DBD MARCH 31, 2025
Balance as at July 01, zoz+ - remted (audited)
Loss for tfie perlod
3,166,101,120
1,E94,143,871j
[271437,042)
1,971,957,249
(271,237,042)
Other comprehensive Income for the period - net of tax
Toal comprehensive loss for the period - net of tax
eai•••••••t farce 31, zoz+ tv•-x«altraj
BaJaace as at)uIy of, z0z4 faud!teaj
Loss for tfie period
3 166 101120
{2T1,237,0+2]
(237,0l2,9G2)
(27t,237,042] 1700720207 t81L139,987
(237,012,962)
other comprehensive Income for the period - net of tax
Total comprehenslve loss for the period - net of tax
The annexed notes t to 18 form an integrnl part of these financial statements.
[237,012,961)
(237,012,962)
1,576,127,02S
Odel Ezccuflve Offlcer
CbiefRaaaclal Officer
rutsz cxerrxz sactigmescoeeozanoaussltaD vxcoxsouoxzaocoxoeuseoixTaaioszxtauacz or cxsu zzows fuxxuoizaoj rox Tnaxisa+sorzxsrsaiooscoso+casas at, zozs
(y,803,983] 1,6d.7Py (*3,SIz.978]
(I,#WI, 63]
28,S61,t42
DMaend lacome interest nceme
gYovteton for ctagredzement benego
Z63,7%559
[898808)
495,311
loaos. for prepayments cmd other disables
(Dacraase)/tncreass In rurre/sr ffo6f7fdcs:
{9 66,752}
(20,26S.560§
f9NJ
Fares pald/adjuzted-net
f8^.330,082)
20 ,990
D
FIRST CAPTTM SECURITIES CORPORATION IdN£TfiD
NOTBS 3'OT$tECONDBNSED1HT8TISM UWCON5OLtD1TBD FtNANCML STATEMEN 2 {UTi-AUDTTBD} F0RT£IB NINE EIONTTTS B£RTOD BNDED MARCH 31, 2025
1.1
Pirst Capital Securitles Corporatlon Limited ('tfie Companjf') was Incorporated In Paldstan on 11 April 1994 as a public llinitrd company under the repealed Companies Ordinance,. 1984 (now Companies Act, 2017) and is listed on the Faklsmn Stock Exchange Llmlted. The reglstered offlce of the'Company is situated at 2nd floor, Pace Shopplng Mall, Fortress Sadium, Lahore Cann Lahore. The company also has corporate omee located ln Karachi. The Company Is Involved In making long and short term investments, money market operations and financial consulancy services.
These unconsolidated condensed interim financial stntements are the separate condensed Interim financial statements of the Company in whlch Investments ln subsldlarles and assoclatrs have been accounted for at falr value.
There were no change in composition of the group aurlng the nine months perlod ended 31 March, 2025.
2
These unconsolldated condensed Interim financial statements have been prepared in accordance with the accounting and
. reporting smndards or appllcable. ln. Paidsmn for Interim fi.nancial reporting. The accoundng and repordng smndards as applicable in Paklstan for Interim financial repomng coinprlse of:
Intrmadonal Accounflng Stannard (US) 34, Interim Financial Reporting, issued by the Internadonai Accoundng Standard Board (IASB) as nodfied under the Companles Act 2017; and
Provisions and directives Issued under the Companies Aft. 2017.
Where the provlslons of the dlrectives lssuea »•a»r the Companies Act, 2017 differ with the requirements of lfis 34,
These are tfie unconsoiia•oa spate financial statements of the Company; consolidated financial statements have been presented separately.
The comparative unconsolldated financial posltioa 1s extracted form the audited unconsolldated financial statements of the Company for the year ended 30 June. 2024, where comparative unconsolidated condensed interim profit or loss, and other comprehenslve Income. condensed unconsolldated Interim statement of msh flows and condensed Interim unconsolldated statement of changes Inequity are stated from unaudlted condensed lntertm unconsolldated financial statements for the nlne months ended 31 March, 2024.
These uncoosolidated conaeased interim flnaacial statements are unaudited and do not Include all the information and disclosures required tn thé unconsoltdated audited annnal financial statements and therefore should be read in conjunction with the unconsolldated annuai auaited financial smtements of the Company for the year ended 30 June, 2024.
F1fiST CAPTTM SECURITTBS COTtPORATTON'Ll3tFEED
NOT€S 3'OTTI6 CONOBNSBD IIJ'FER13g UNCONSOEIDAT¥D EINAHCIAL ST'AT¥UEKT5 {UN-AUDI°£ED) FORTIIB NINB PIONTHS PBRIOD BNDBD MABCH 31; 2025
These financial statements have been prepared under the historlcal cost convendon except certain financial instruments whlch have been measured at falr value.
Theflnanda1smtemeotsarepzesented*nPakRupeeswMcWts1eCompan/sfuncdonWandpresenmhoncunenc
The accounting policies and metliods of computadon adopted In the preparafion of these unconsolldated condensed interim Ananclal statements are consistent wlth those applied in the preparadon of the unconsolidated annual audited financial statement for the year ended lune 30, 2024 excegt for the esrimadon of lacorne tax [see note 6.sj »a aopcion of new amended standards as set out tn note 6.2.
There are certain standards, amendments ana Interpretations to approved accoundng standards that are effective in the current year but are considered not to be relevant or to have any sIgnlAcant effeft on the Company's operations and are, therefore, not detailed ln these unconsolldated condensed Interim financial smtements.
6.2 Standards. ameodzaeaQ cod loterpretadoas to exlctlog staadardg tbetare not yet elective aad have not been early
There are certain standards, amendments and interpretafions to approved accounting smndards that are effective for accoundng periods beginning on July 1, 2024 but are considerea not to be relevant or to have any significant effect on the Company's operadons and are, therefore. not detailed tn these unconsolldated condensed Interim financial lnformafion.
Income tax expense 1s recognized ln each Interim peñod based on best estimate of the weighted average annuai income tax ratr expected for the full financial year. Amounts accrued for income tax expense in one interim peñod may have to be adjusted in a subsequent iaterizn peclod of that flnandal year if the es0mate of the annua) Income mx rate changes.
The preparation of condensea Inc i «acaw«ltdated fin rival statements tn Conformity with approved accoutidng standards requires management to moke judgments, estimates and assumpfions that affect the appllcadon of accounting pollutes and repoMd amounts of assets and liabilldes, Income and expenses. The estimates, associated assumptions and judgments are based on hlstorlcal experience and varlous other factors that are believed to be reasonable under the circumstances, the result of whlch form the basls of making the judgments about carrying values of assets and liablllfles that are not readily apparent from other sources. AGal results may differ from these estimates. In preparing this condensed interim unconsolidated financlai Information, the significant }udgirients made by management in applying accoundng pollutes aad the key sources of estima0on were the snme as those that were applled to the flnancial statements for the year ended 30 June 2024.
FIRST CAPITM 5ECURITI€S CORPORATION LtNF£ED
WOTES TO TTTE CONDENSED INTERIM UNCONSOLIDATED FtNMCIAL STJT¥M8NTS (UN-AUDITED) FOR THE NINE MONTTtS PBRIOD BNDED MAACII 31.2025
Operating fixed assets Advance against capkal assecs
Operetlng fixed ussets
Book value at start of the period/year Add:
8.1
8Z
12,506,JIO IJ2411I06
14,723,310
14,723,310
132,42S,106
147148416
8,687,977
Addldons during the period/year
9.1.1
14,780,000
(2JS7000]
(6,652,200) (2,092,46/
(2,217,000]
23,467,977
Disposals during the period/year (at book value) Depzeciaaon expense for the period/year
Book value at end of the period/year
9.1.1 Add!fioas doztog tbe pertod/year
Vahicles
12506JS0
t4,723,310
t4 780 000
This represents advance against purchase of property In Pace Tower Gulberg, Lahore and Pace Circle, Lahore amoundng to Rs t07,090,858 June 202+: Rs 107,090,858) and Rs. 25,334,248 0••e 2024: Rs. 25,334,248) respectively. Consa-ucclon work on these propezbes is izs progress as at March 31, 202S.
The Compaay does not hold the tifle of capital work ia progress wkich will be transferred on compledon. Also. the possession of said property'will be oansferred on completion.
Opening balance
Closing balance
3,364,342,900
TOO 3 364 3•t2 900
Investment property amoundng Rs.3,068 Million (2023: 2,730 billion) is mortgaged with Sills Bank Limited (Ewan Islamic Banldng)
Falr value of Investment properties is determined by Independent professional valuers. lntest valuadon of these properties was carried out on June 30, 2024 by approved independent valuers present on panel of Pakistan Banken Mrocladon, X.G Traders Pvc Llmlted and Fairwater Property Valuers & Surveyors Pvt Limited. The management believes that the fair values of investment properties have remained largely unchanged.
Carrying vatue ol'invcsaneno at rbe begtnaing of the penod / year
1575,893,883
1,662,592,878
Dividend-in-ldnd (mutual fund units) Others | |||||
414,669 | |||||
UneaHzedgan/Qms)onre-meaturementof invesDnentsatRTrvaIuethrougbproñtorloss | 37,970,223 | (86,698,995) | |||
CanjñngudueaC1ee*dofhepeñod/yes | 1,614,278,775 | 1,575,893,883 | |||
Invesaoeao
Investments classified In current asseD Closing book value
(9,969436}
{46,507,768} {36,t98,t20)
1,539,695,763
FIRST CAPITAL SECURITIES CORPORATIONi livtITED
NOTES TO THE C0hIDENSED INTERIM UNCOhISOLIDATED FINANCIAL STATEMENTS (UN-AUDITED) FOR THE NIHE MONTHS PERIOD ENDED MARCH 31, 20gS
t0.1 Investments in related parties and ocher | ||
Subsidiary companies - unquoted | 590,542,43B | 590,542,438 |
Associated companies - Unquoted | 665,042,920 | 665,042,920 |
Subsidiary company - Quoted | 2t0,781,47B | 210,781,478 |
Associated company - Quoted | 132,2S6,256 | t04,138,886 |
0t:her company - Quoted
5,686,347 5,388,16t
60 4 1,575,893,883
10.2 All quoted securities have been remeasured at fair value where a reliable valuation is available. Quoted securities for which a reasonable fair value cannot be determined have been maintained at their )une 30, 2024 values.
21 Loans, advances, pregayments and otAer receivables loans and advances
Due from related parties - unsecured, considered good 52 297 701
This represents receivable from a subsidiary company "Evergreen Water Yalley (Private) Limited".
52 297,701
Trade and other payables | ||
Creditors | 3,27S,445 | 11,009,972 |
Accrued liabilities | 22,519,916 | 20,821,729 |
Security deposit from tenants | 486,660 | 486,660 |
Employees final setdements payable | 22,190.476 | 22,190,476 |
Withholding income tar payable | 3,204,078 | 3,204,078 |
Levy tax payable | 6,577,675 | 6,577,675 |
Other liabilities | ||
64,290,590
Con0ngencies and commitments
There are no significant changes in contingencies and commitments from those disclosed in the preceding annual financial statement of the Core pany for the year enaed 30 June 2024.
Transactlons and balances wlth related partles
Related parties include subsidiaries, associates, entities under common control, entities with common directors, group companies. major shareholders and key management personnel. Key management personnel are those persons having authority and responsibility for planning directing and controlling the activities of the Company, directly or indirectly,
including any director (whether executive or otherwise) of the Company. Significant related party transactions have been disclosed in respective notes to these financial statements other than the following:
Reladonshlp wich undertalcing Subsidiary companies | Nature of transactions Rental income earned | 5,700,000 | |
Dividend income received | 43,512,978 | ||
Associated companies | Dividend income | 487M46 | |
Issuance of Unit / against dividend Redemption of Unit | 414,669 13S09,986 | ||
Key management personnel | Salaries and other employee benefits | 2,928,960 | 2,132,640 |
RgST' CAPITM SECURITIES CORPORATION LIICITED
NOTES TO THE C0A0BNS£D INTERIM UNCON50IJDA3'£D FINMCIAL STAT¥MEI TS{UN-A0DI7BDJ POR THE NTRE MONTHS CCRIOD ENDSO MARCH 31, 2025
Receivables from related parties 52,297,701 52,297,701
The carrying values of financial asset and TiabilideS appzoâmate their fair values. The table below anaTjrxes financial assets that are
measured at fair value, by valuadoa method. The dlPerenc levek haye been deRned as foEows:
+••!* 1••* *°•• tunad)usted] in active ma£{cets For ideoacal assets or ItabTlldes;
Lovel 2 : Observable Inputs; and
Lovel 3 : Unobservable Inputs
be long aqd short term equity Investments and invesanent properties are caged at fair value. There is oo movement between level 1, 2 and 3 during the period.
Thls condensed inter financial Information was authorized for issue on April 25, 2025 by I:be Board of Directors.
Corresponding figures have been re-arranged and re-classified, wherever necessary, for the purposes of comparison. However, no signlflcant re-cIassIflcadons have been made.
FgureshavebeenmundeBoñtolenemstmpee
Chlef Executive Offlcer
FIRST CAPITAL SECURITIES CORPORATION LIMITEDCONDENSED INTERIM CONSOLIDA LED
FINANCIAL STACEMENTS AS AT MARCH 31, 2025STATEMENT OF CONSOLIDATED CONDENSED FINANCIAL POSITION STATEMEN T OF CONSOLIDATED CONDENSED PROFIT OR LOSS STATEMEN T OF CONSOLIDATED CONDENSED COMPREHENSIVE INCOME STATEMEN T OF CONSOLIDATED CONDENSED CASH FLOWS
STATEMENT OF CONSOLIDATED CONDENSED CHANGES IN EQUITY NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMEN TS
PIRST CAPFTM S8CURITTBS CORPORATION MATTED
CONSOLIDATED CONDENSBD IN7ERIM STAT4MBNT OP PINMCIAL P0SiTI0N
ASA7 FTARCH 31, 2025
Noa•curceat assets | ||||
Property, plant and equipment | 349,298,047 | 380,0t6,730 | ||
Intangible asseD | 2,500,000 | 2,S00,000 | ||
Investment properties | 4,713,004,700 | |||
investments accouattd for using the equity method | 381,166,701 | |||
Long term Investment
Long Arm deposits and advances - considered good
Deferred tax asset
Current asxets
Stoch In trade
oaas, advances and other receivables
Prrpayments
Short term Invesoaeots
Cash and bank balances
Current llablltges
Trade aha»rher payables
Current portion of lease llabllity Current portion of long term loans Current portion of accrued markup Provision for Eton
5,473,138
5,466,397,804
14118W13
5437995
S,496,244,539
290,053,500 | 290,053,500 | |
521,710,060 | ||
296,085.878 | ||
2,752,830 | ||
727,611,926 | ||
62,709,264 | ||
1,326,Z58,118 | t,900,923,458 | |
901,291,934 | 687,2t1,70S | |
14,463,543 | 11,622,+32 | |
2,430,517,904 | 2,285,063,359 | |
J.910,580,507 | 1,642,020,327 | |
¥5t,197,979 | tt8,Z06,897 | |
S,4O8,05t,867 | l 4,744,tZ4,7Z0 |
3,08I,793,749) f2,843,20t,2621
Z,3B4,604,055 2,653,043,277
32,233,989
1,091,059
30,€7.509
62L2T2,727
16,329,S72
D*r‹wa m ins:a‹r
Staff redrement benefits
Long term loans
Loag i•rm lea • liability
671100,867
Condngendes and commitments | 7 | 1 977.902,410 | |||
Represented by | |||||
Authorized skaro aplml: 320,OOO,OOO [2023: 32O,000,OOO} or i azy sbazes of gs 10 egch | 3 200 000 000 | 3 200 000 000 | |||
Issued, yubscrlbed and pald-up share capital | 3,166,101,120 | 3,166,101,120 | |||
Exchange translation reserve | 94,205,563 | 83,463.782 | |||
Reserves capltnlized Retained earnings | 480,054.923 f2,348,969,1491 | 480,054,923 f2.IS+,581,7761 | |||
1,391,392,457 | 1,575,038,049 | ||||
461,379,243 | 402,864,361 | ||||
977 902 4t0 | |||||
The annexed notes 1 to 14 fonn an Integral part ofrhls condensed Interim consolidated gnancial statements.
zznsz caerraz secuames coeeokslaox u irrso
coxsoMoaTeo coxoBxsaDsrazastBxzoreaomoaLoss- fua-x«atea1 yox T+iaqunsTsxxNDxtnaMomuseezuoo BsoBo 2a ztnscn zozs
321,491, 93
zss,ess,sos iaa,sss.saz
75,443,S43
(1za,e7o,tszj fa9,+os,97pI (38.411,S60)
17s,tss,ss+ aa3,z93,ss3 37,03£.983
¥7,zoz.ss8 f++,sas,¥saj 1393.503
fzz6,se7,9sa1 ts3,+n,377j
oeerwt% weAt
65,0g9,152
ta.*oo.ost) (z»,7a+,s77j
se.oz0,sie itszz,+in
(32,Ot5,954]
2t,229,B42
Sham of leg trem lnveeouena accounted for usln9 ae
(IQQ,537,370]
(116ñ73,0S6]
(127,9S9,i68)
(I0S,3 d,I6tj
(24$,674,9 B)
(518.067)
f az.6cz, soJ ftawsa,tszI
(166.967,7+/ 6933917
{160.O33,830§
(*8,424]
{y60.052.2H}
(a.aty
fa.3s)
RRST MPITAL SBCURITiBS CORPORATION UNIT8D
CONSOtJDJTBD C0NDgNS£D lNT8kIM STJ°gENgNT OP C0FtB&EIfEIg5W INCONB • (Un-Audited)
eon z+Is quashes mo uix9 rtowus Seaton axDso sc usac+t zozs
Profit/(toss) after taxaa n
rtem• t*ot •'fffnot/›r wf«••ie•a ro Pro/ftorforr•
Remeasurement of deAned benefit plan - net ofmx
Share of other comprehensive Income/loss) of
Investments acmunted for using the equity metfi@ - net of tax Exchange differences on transladon of foreign operatlons
Exchange eansladon reserve
Non-conbolting Interests
Other compzehenstye Income For the perlod
ToM coaspwbeastve goes)/grout for tbe peztod
Total ceoiprebenxtve {low)/$wcome attrlbutnble to:
Owners of the Parent Company
tion•controMng interests
(146,193.025) (433,691,27S) (1t6,314,H9) (160,052,254)
1 ss 2
y 7 2 4
f12s,a»o,'z1o1 f¥3s its t6zj flte,Yss,os6J r›zo,sz3,t841
(183,64d.59a) (450,721,60d) (1Z1.877,702) t14Z.482,080)
88,814,882 t5,0O4,43€ 3,092,666 t6,558,896
ftzs. «o.»i f+3s.z17,t6zj ft›a,zes,oasJ ft»o,sza,ts<>
Tke a«aexed gates 1 to 14 Tom an Inte I part alibis condensed lnteri= cellars flzzandal statement.
EU GAAP SB€U BS COBPOMWON IINIIBD
coxDzrszo ixzsnincoxsormxzsa szxzniarzoeceaxczs ix aaurrz- fv•-Galway
rox wsxlns Horns eaaJoo 8uoso 3c auscu zozs
3,1GG,l0l,120 88,37t.68t 480,084,923 f2,t08,052,738) I.626,474,986 427,272,58t
(t033.20S) | f+is,sae,zssl | tos,6ee,sss (t,033,205) | is,ssz,izt (992,687) | (433,69t27SJ {Z,0ZS892) |
(i,oss.zvsl I++s,sas.3ssJ f<>tl ts.ooJ.+sJ
DMdead paid to aon-conaolllnc laterezt
f 9+,»az,37aj | ft9‹,aa7,az»i | l0,320ñ3* | {146,t93,O25} |
{070L78}
f194,387,373$ $183,645,592$ 58.5Z4,B82
ClZ5l307I03
Thr amiezed notec 1 to H form an Integral part of thli condensed Interim coasolldnted financial statements.
riesz cu'i Ac sacuerriss cozeoexTlo unrrso
CONSOIJDAT£D COND8NSBD INTERIM CASH FLOWS - (Un-Audited)
FOR T£IE NINg MONTHS PERIOD €NDBD 31 MAItCH 2025
Cash mows from operaang activlaes
Cash used in operadons | (19,532,558) | 25,170.923 | ||
Long term deposits and advances | (35,143) | [3,978,561] | ||
Reflrement benefits paid - net | 2,274,939 | |||
Finance costs paid Taxes pald | ('364SJ1 | (7,662,4471 f58,335,968} | ||
Net caah generated from/(used In) operating activities | {42,531,114] | |||
Cesh flows fz om inventing activities | ||||
Fixed capital expenditure | (3,8t5,g8t) | (105,480,511) | ||
Short temi Investments - net | (36,616,985) | 134830,465 | ||
Proceeds from sale of property, plant and equipment | 2,167.247 | |||
Investment available for sale - net | ft3,399,203) | fl,568,107) | ||
Dividend recelvea Interest received | 5,113,984 | 63.600,983 | ||
Net tAah generated from investing activities | 93,550,077 | |||
Repayment of llabllldes against assets subject to finance lease - net | 1,291,723 | |||
Receipt/(payment) of loan | 31,003,621 | |||
Dividend pald to non-controlling interest | (41,806,586) | |||
4291723 | {10,802,965) | |||
t20,397133) | 40,215,998 | |||
Cash and cash equivalents at the beginning of the gerlod | 41,939,201 | |||
EPect of exchange translation reserve | 21,062,315 | (2.025,891) | ||
Casb aad casb equlvnteots at tbe eod oftbe perlod | 80,129,308 |
The annexed notes 1 to 14 form an integral part of thls condensed Interim consolidated financial statements.
Cbief
cial OBcer
Chief Bsecuove Ofbcer
| Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |