FIRST IBL MODARABA
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED) AS AT SEPTEMBER 30, 2024
Note | |
ASSETS | |
Current Assets | |
Cash & Bank balances | |
Short term investments | 3 |
Ijarah rentals receivable | 4 |
Short term Musharaka receivables | |
Advances, prepayments and other receivables | 5 |
Advance tax | |
Current portion of Musharakah receivable | |
Non-Current Assets | |
Long term Musharakah receivables | |
Long term advances and deposits | |
Deferred Tax | |
Investment property | 6 |
Fixed assets under Ijarah arrangements | 7 |
Fixed assets under own use | 8 |
Total Assets
LIABILITIES
Current Liabilities
Creditors, accrued and other liabilities
Musharaka finances payable
Current portion of non-current liabilities
Income Tax payable
Presented profit warrants
Non-Current Liabilities
Long term security deposits
Deferred tax liability
Total Liabilities
NET ASSETS
REPRESENTED BY:
Certificate capital
Statutory Reserves
Accumulated loss
Unrealized gain on revaluation of investments - Available for sale
Contingencies and commitments
The annexed notes form an integral part of these financial statements.
Sep, 2024 | Jun, 2024 |
RupeesRupees
151,798,629 | 106,248,945 | ||
1,918,106 | 1,918,105 | ||
170,102 | 484,497 | ||
5,894,559 | 44,000,000 | ||
6,655,563 | 6,788,050 | ||
3,328,511 | 2,536,504 | ||
16,210,038 | 20,557,040 | ||
185,975,507 | 182,533,141 | ||
7,368,199 | 4,748,314 | ||
20,500 | 20,500 | ||
2,027,989 | 2,027,989 | ||
40,833,494 | 42,083,494 | ||
11,684,425 | 10,323,877 | ||
54,010 | 79,162 | ||
61,988,617 | 59,283,336 | ||
247,964,124 | 241,816,477 | ||
4,692,492 | 4,654,635 | ||
700,000 | 700,000 | ||
1,904,749 | 3,205,350 | ||
11,336,063 | 11,140,150 | ||
10,834,598 | 10,834,598 | ||
29,467,902 | 30,534,733 | ||
2,575,000 | 621,800 | ||
- | - | ||
2,575,000 | 621,800 | ||
32,042,902 | 31,156,533 | ||
215,921,222 | 210,659,944 | ||
216,875,000 | 216,875,000 | ||
50,738,911 | 49,686,655 | ||
(53,441,484) | (57,650,506) | ||
214,172,427 | 208,911,149 | ||
1,748,795 | 1,748,795 | ||
215,921,222 | 210,659,944 |
CHIEF EXECUTIVE | DIRECTOR | DIRECTOR | CHIEF FINANCIAL OFFICER |
FIRST IBL MODARABA
CONDENSED INTERIM STATEMENT OF PROFIT AND LOSS ACCOUNT (UN-AUDITED) FOR THE QUARTER ENDED SEPTEMBER 30, 2024
Quarter ended
Sep, 2024
Sep, 2023
INCOME FROM OPERATIONS
Income from Ijarah
Profit on Musharaka investments
OTHER INCOME
Income from investment property Other Income
Profit on deposits
4,136,695
1,111,866
5,248,561
1,873,860
-
5,443,461
7,317,321
4,026,400
5,416,483
9,442,883
1,873,860
17,718
1,597,856
3,489,434
TOTAL INCOME
EXPENSES
12,565,88212,932,317
Administrative expenses
Depreciation on assets under Ijarah
PROFIT BEFORE MANAGEMENT COMPANY'S FEE
Charge of Modaraba management fee
Workers' welfare fund
(3,332,339)
(3,046,251)
(6,378,590)
6,187,292
(618,729)
(111,371)
(3,834,289)
(2,964,420)
(6,798,709)
6,133,608
(613,361)
(122,672)
PROFIT BEFORE LEVY AND TAXATION
Taxation
- Current Period
- Deferred Tax
NET PROFIT FOR THE PERIOD
Other comprehensive income
Items that will not be reclassified subsequently to profit and loss
Unrealized gain / (loss) on re-measurement of investments through OCI
Related deferred taxation
Items that may be reclassified subsequently to profit and loss
Other comprehensive gain / (loss) for the period
5,457,1915,397,575
(195,913)(193,985)
--
5,261,2785,203,590
- | - | |
- | - |
--
Profit per Modaraba Certificate - Basic and Diluted | 0.24 | 0.24 |
The annexed notes form an integral part of these condensed interim financial information (un-audited).
CHIEF EXECUTIVE | DIRECTOR | DIRECTOR | CHIEF | OFFICER |