3rd QUARTER
(UN-AUDITED)
MARCH 31, 2025
REPORT
Contents
Company Information 3
Directors Review 4
Condensed Interim Statement of Financial Position 5
Condensed Interim Statement of Profit or Loss 6
Condensed Interim Statement of Changes in Equity 7
Cash Flow Statement 8
Notes to the Condensed Interim Financial Statements 9
CONPANY INFORNATION
Board of Directors
Chief Financial Officer
Mr. Hamid Ur Rehman, FCA
Mr. Kamran Khan Chairman
Mr. Momin Qamar
Mr. Yousaf Kamran Khan Mr. Qasim Khan
Mrs. Samina Kamran Mr. Omar Naeem
Mr. Pervaiz Ahmad Khan
Internal Anditor
Mr. Imran Matloob Khan
Chief Executive
Mr. Agha Humayun Khan
Registered Head Office
169-A, Alluddin Road Lahore Cantt. Tel:042-36674301-5 Fax: 042-36660693
Website: https://www.flyingcement.com Email: info@flyingcement.com
Company Secretary
Mr. Shahid Awan
Legal Advisor
Mr. Waqar Hasan
Production Facility
25-K.m. Lilla Interchange Lahore-Islamabad Motorway, Mangowal, Distt. Khushab
Share Registrar
THK Associates (Pvt) Limited.
Plot No.32 C. Jami Commercial Street,
D.H.A Phase VII. Karachi 75500
Tel: 021-111 -000-322, Fax: 021-35310190
Audit Committee Mr. Omar Naeem Mrs. Samina Kamran
Mr. Yousaf Kamran Khan
Chairman Member Member
Auditors
External Auditors
Mls. Naveed Zafar Ashfaq Jaffery & Co. Chartered Accountants
Human Resource And Remuneration Committee Mr. Pervaiz Ahmad Khan Mr. Momin Qamar
Mr. Yousaf Kamran Khan
Chairman Member Member
Bankers
National Bank of Pakistan
Al Baraka Bank (Pakistan) Limited United Bank Limited
Habib Bank Limited Meezan Bank Limited
Credit Rating
Long Term Rating: A-Short Term Rating: A2
For the nine month ended | For the quarter ended | |||
Jul -Mar 2025 (Un-audited) | Jul -Mar 2024 (Un-audited) | Jan -Mar 2025 (Un-audited) | Jan -Mar 2024 (Un-audited) | |
………………(Rupees)……………….. | ||||
Gross Sales | 10,259,048,207 | 4,794,632,872 | 4,369,984,180 | 1,604,308,404 |
Less: Sales Tax/ Federal Excise Duty | (3,508,844,722) | (1,276,681,977) | (1,547,084,334) | (454,223,183) |
Net Sales | 6,750,203,485 | 3,517,950,895 | 2,822,899,846 | 1,150,085,221 |
Gross Profit | 820,083,104 | 522,333,711 | 319,132,301 | 134,303,624 |
Operating profit | 598,891,762 | 431,970,356 | 275,055,137 | 103,012,073 |
Profit before tax | 588,921,074 | 326,779,123 | 281,335,182 | 81,338,598 |
Profit after Taxation | 275,309,846 | 251,665,784 | 194,524,078 | 80,707,624 |
Earnings Per Share (Rs) | 0.40 | 0.36 | 0.28 | 0.12 |
The Directors of your Company are pleased to presentthe un-auditecd on densed interim financial statemets of the Company for the 3rdquarterended March31, 2025.
Financial Performance
The summarized financial performance is given below:
Revenue
During nine months under review, the Company has achieved gross sales of Rs 10.259 million owing to dispatches and price. Consequently, the net sales have increased to Rs. 6,750 million.
Net Profit
The net profit ratio for the period under review has decreased from 7% to 4% as compared to corresponding nine month period.
The gross profit ratio has reduced to 12% as compared to 15% achieved in corresponding period mainly due to high cost of electricity. Operating profit has increased in value owing to increased sales but reduced from 12% to 9% due to increased administrative & distribution expenses because of inflation etc.
Future Outlook
Ongoing challeng es remain such as increasing transportation cost, geo political uncertainty etc. The state of the economy has improved as the value of Pak Rupee remained stabilized, interest rate is decreasing and inf lationary pressure has slightly reduced over the period. There is expected increase in construction activities, foreign direct investment , export, foreign remittance and support from IMF & W.B Consequently, t he economic activities will improve further. Going forward, t he Company is expecting improvement in domestic sales on account of expected revival of economy.
The COD for the new lin-e II having capacity of 9,000 TPD is expected to be achieved in 4 thQuarter of the financial year 2024
-25.
We all are willing to go to the extra mile to contributeenthusiasticallyon a continuousbasis. Hence, it is projected that the revenue and profitability in the remaining period of the year will improve. We assure the management is fully committed to provide longtermsustainable growth and value for all its stakeholders.
Acknowledgement
Management of your Company take pleasure in expressing their sincere gratitude and appreciation for the outstanding commitment and contribution of all the employees and continued trust and reliance placed in the Company by all the stakeholders.
For and on behalf of the board
Agha Hamayun Khan Chief Executive Lahore;April 25, 2025
Note | (Un-Audited) March 31 2025 Rupees | (Audited) June 30 2024 Rupees | |
EQUITY AND LIABILITIES | |||
SHARE CAPITAL & RESERVES | |||
Authorized share capital 800,000,000 ordinary shares of Rs. 10/- each. | 8,000,000,000 | 8,000,000,000 | |
Issued, subscribed and paid up capital | 6,948,000,000 | 6,948,000,000 | |
694,800,000, ordinary shares of Rs. 10/- each. | |||
Reserves | 1,855,843,827 | 1,551,883,173 | |
8,803,843,827 | 8,499,883,173 | ||
Directors & shareholders loan | 5 | 130,043 | 57,035,933 |
Surplus on revaluation of fixed assets | 6 | 3,757,993,648 | 3,786,644,456 |
3,758,123,691 | 3,843,680,389 | ||
12,561,967,518 | 12,343,563,562 | ||
NON-CURRENT LIABILITIES | |||
Long term liabilities | 7 | 3,911,109,587 | 3,589,685,120 |
Loan from associated undertaking | 57,263,438 | 934,678,914 | |
Long term deposits | 23,005,340 | 18,205,340 | |
Deferred liabilities | 8 | 742,403,542 | 541,136,312 |
4,733,781,907 | 5,083,705,686 | ||
CURRENT LIABILITIES | |||
Trade and other payables | 8,763,725,430 | 5,820,070,844 | |
Directors & shareholders loan | 1,016,515 | 350,271,281 | |
Unclaimed Dividend | 59,526 | 59,526 | |
Short term finances | 9 | 229,509,779 | 395,435,334 |
Current portion of long term finance | 7 | 916,236,000 | 1,368,184,996 |
9,910,547,250 | 7,934,021,981 | ||
TOTAL LIABILITIES | 14,644,329,157 | 13,017,727,667 | |
Contingencies and commitments | 10 | - | - |
TOTAL EQUITY AND LIABILITIES | 27,206,296,675 | 25,361,291,229 | |
ASSETS | |||
NON-CURRENT ASSETS | |||
Property, plant & equipment | 11 | 24,813,204,227 | 23,174,488,535 |
Long term security deposits | 32,880,151 | 32,880,151 | |
24,846,084,378 | 23,207,368,686 | ||
CURRENT ASSETS | |||
Stores, spares & loose tools | 367,750,495 | 134,840,629 | |
Stock in trade | 1,323,337,111 | 1,215,420,461 | |
Trade debts | 191,993,440 | 192,495,895 | |
Advances, deposits, prepayments & other receivables | 353,400,209 | 474,870,766 | |
Cash and bank balances | 123,731,042 | 136,294,792 | |
2,360,212,297 | 2,153,922,543 | ||
TOTAL ASSETS | 27,206,296,675 | 25,361,291,229 |
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
AS AT MARCH 31, 2025 (UN-AUDITED)
The annexed notes from 1 to 16 form an integral part of these condensed interim financial statements.
Director
Chief Executive
Chief Financial Officer
5
Jul - Mar 2025 (Un-Audited) | Jul - Mar 2024 (Un-Audited) -------------------- | Jan-Mar 2025 (Un-Audited) (Rupees)------------ | Jan-Mar 2024 (Un-Audited) ------ | ||||
Gross sales | 10,259,048,207 | 4,794,632,872 | 4,369,984,180 | 1,604,308,404 | |||
Less : Sales tax & excise duty | (3,508,844,722) | (1,276,681,977) | (1,547,084,334) | (454,223,183) | |||
Net sales | 6,750,203,485 | 3,517,950,895 | 2,822,899,846 | 1,150,085,221 | |||
Cost of sales | (5,930,120,381) | (2,995,617,184) | (2,503,767,545) | (1,015,781,597) | |||
Gross Profit | 820,083,104 | 522,333,711 | 319,132,301 | 134,303,624 | |||
Distribution cost | (19,107,612) | (16,455,660) | (9,821,110) | (6,501,220) | |||
Administrative expenses | (202,083,730) | (73,907,695) | (34,256,054) | (24,790,331) | |||
(221,191,342) | (90,363,355) | (44,077,164) | (31,291,551) | ||||
Operating Profit | 598,891,762 | 431,970,356 | 275,055,137 | 103,013,174 | |||
Finance cost | (76,656,905) | (158,124,427) | (14,975,900) | (45,796,729) | |||
Other income | 66,686,217 | 52,933,194 | 21,255,945 | 24,123,254 | |||
Profit before taxation | 588,921,074 | 326,779,123 | 281,335,182 | 81,338,598 | |||
Taxation | (313,611,228) | (75,113,339) | (86,811,104) | (630,974) | |||
Profit after taxation | 275,309,846 | 251,665,784 | 194,524,078 | 80,707,624 | |||
Other Comprehensive income | - | - | - | - | |||
Total Comprehensive income for the | 275,309,846 | 251,665,784 | 194,524,078 | 80,707,624 | |||
period | |||||||
Earnings per share- basic | 0.40 | 0.36 | 0.28 | 0.12 | |||
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR PERIOD ENDED MARCH 31, 2025 (UN-AUDITED)
For the nine month ended
For the quarter ended
The annexed notes from 1 to 16 form an integral part of these condensed interim financial statements.
Director
Chief Executive
Chief Financial Officer
6
Ordinary Share Capital | Accumulated Profit / (Loss) | Directors & Shareholders Loan | Advance against issue of right shares | Capital Reserves | Total | |
Revaluation Surplus | Gain on Disposal of Shares | |||||
(Rs.) | (Rs.) | (Rs.) | (Rs.) | (RS.) | (Rs.) | (Rs.) |
Balance as at July 01, 2023 | 6,948,000,000 | 1,314,391,557 | 57,035,933 | 3,845,115,494 | 126,978,994 | 12,291,521,978 | |
Total Comprehensive income for the period | - | 251,665,784 | - | - | - | 251,665,784 | |
Directors & Shareholders loan - Net | - | - | - | - | - | - | - |
Advance against issue of right shares | - | - | |||||
Incremental depreciation | - | 43,853,279 | - | (43,853,279) | - | - | |
Issuance of bonus shares | - | - | - | ||||
Issue cost of right shares | - | - | - | - | - | - | |
Balance as at March 31, 2024 | 6,948,000,000 | 1,609,910,620 | 57,035,933 | - | 3,801,262,215 | 126,978,994 | 12,543,187,762 |
Balance as at June 30, 2024 | 6,948,000,000 | 1,424,904,179 | 57,035,933 | - | 3,786,644,456 | 126,978,994 | 12,343,563,562 |
Profit / (Loss) for the period | - | 275,309,846 | - | - | - | - | 275,309,846 |
Other comprehensive Income for the period Directors & Shareholders loan - Net | - | - | (56,905,890) | - | - | - | - (56,905,890) |
Incremental depreciation | - | 28,650,808 | - | - | (28,650,808) | - | - |
Balance as at March 31, 2025 | 6,948,000,000 | 1,728,864,833 | 130,043 | - | 3,757,993,648 | 126,978,994 | 12,561,967,518 |
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)
FOR THE PERIOD ENDED MARCH 31, 2025 (UN-AUDITED)
The annexed notes from 1 to 16 form an integral part of these condensed interim financial statements.
Director
Chief Executive
Chief Financial Officer
7
CASH FLOW STATEMENT (Un-Audited) FOR THE PERIOD ENDED MARCH 31, 2025 (UN-AUDITED) | |||
Note | (Un-Audited) March 31 2025 Rupees | (Un-Audited) March 31 2024 Rupees | |
Cash generated from operations | 12 | 3,166,678,334 | 2,076,557,305 |
Gratuity Paid | - | - | |
Finance cost paid | (76,656,905) | (158,124,427) | |
Income Tax (paid) / refund received | (112,343,999) | (69,618,709) | |
Fixed Capital Expenditure Long Term Security deposit | (1,764,269,730) - | (1,978,503,908) - | |
Net Cash (used in) Investing Activities | (1,764,269,730) | (1,978,503,908) | |
Cash Flows From Financing Activities | |||
Term Finance - Net | (296,450,084) | 122,588,998 | |
Associated Undertaking | (877,415,476) | 23,938,960 | |
Increase in Long term deposit | 4,800,000 | 3,700,000 | |
Director & Shareholders Loan | (56,905,890) | - | |
Net Cash from Financing Activities | (1,225,971,450) | 150,227,958 | |
Net Increase / (Decrease) in Cash and Cash Equivalents | (12,563,750) | 20,538,219 | |
Cash and Cash Equivalents - at the beginning of the period | 136,294,792 | 62,346,587 | |
Cash and Cash Equivalents - at the end of the period | 123,731,042 | 82,884,806 |
Net Cash from Operating Activities
Cash Flows From Investing Activities
2,977,677,430
1,848,814,169
The annexed notes from 1 to 16 form an integral part of these condensed interim financial statements.
Director
Chief Executive
Chief Financial Officer
8
Flying Cement Company Limited
Notes To The Condensed Interim Financial Statements
For the half year ended March 31, 2025 (Un-Audited)
1 LEGAL STATUS AND OPERATIONS
Flying CementCompanyLimited(the Company) was incorporatedin Pakistanas a Public Limited Companyon December24,1992 under the CompaniesOrdinance,1984. (Now the CompaniesAct, 2017). Theshares of the Companyare listed on Pakistan Stock Exchange Limited.
Theprincipalactivitiesof thecompany are to manufacturing,marketingand sale of cement.Thegeographicallocationand address of the company's business units including plants are as follows:
2
2.1
Business Unit
Head Office (Registered office) Manufacturing Plant
BASIS OF PREPARATION
Statement Of Compliance
Geographical Location & Address
169 - A Allauddin Road, Lahore Cantt
25-Km. Lilla Interchange Lahore - Islamabad Motorway,Mangowal Distt. Khushab
These condensed interim financial statementshave been prepared in accordance with the accounting and reportingstandards as applicable in Pakistan. The accounting and reporting standards applicable in Pakistan comprise of:
-
International Accounting Standards IAS-34, Interim Financial reporting issued by IASB as notified under the Companies Act, 2017
- Provisions of and directives issued under the Act.
Whereprovisions of and directives issued under the CompaniesAct, 2017 differ from the IAS 34, the provisions of and directives issued under the Companies Act, 2017 have been followed.
Thiscondensedinterimfinancial statementscomprises the condensedinterimstatementof financial positionof the Company, as at 31 March 2025 and the related condensedinterimstatementof profit or loss account and other comprehensiveincome, condensed interim statement of cash flows and condensed interim statement of changes in equity together with the notes forming part thereof.
The condensed interim financial statements do not include all the informationand disclosures required in an annual financial statements and should be read in conjunction with the financial statements for the year ended June 30, 2024.
Comparativestatementof financial statementsnumbersare extracted from the annual auditedfinancial statementsof the Company for the year ended 30 June 2024, whereas comparatives of condensed interim statement of profit or loss account and other comprehensive income, statementof cash flows and statementof changes in equity are stated from unauditedcondensed interim financial statements of the Company for the six months period ended 31 March 2025.
This condensedinterimfinancial informationis being submittedto the shareholdersas required by Section 237 of the Companies Act, 2017.
Key Judgments and estimates
In preparingthese condensedinterimfinancial statementsmanagementhas made judgments,estimates and assumptionsthat affect the applicationof accountingpolicies and the reportedamountsof assets and liabilities, income and expenses. Actual results may differ from these estimates.
The significant judgments made by the management in applying the Company's accounting policies and the key sources of estimationuncertaintyare the same as those applied in the preparationof annualauditedfinancial statementsfor the year ended 30 June 2024.
Significant Accounting Policies
Theaccountingpolicies adoptedfor the preparationof this condensedinterimfinancial statementsare the same as those applied in the preparation of the financial statements for the year ended 30 June 2024.
9
40,353,251 | 82,353,575 |
(11,702,443) | (23,882,537) |
1,086,548,580 | 1,086,548,580 |
- | - |
980,405,433 | 980,405,433 |
360,000,000 | 360,000,000 |
103,288,000 | 103,288,000 |
1,218,435,000 | 1,218,435,000 |
116,162,314 | 116,162,314 |
733,400,000 | 733,400,000 |
196,012,630 | 331,845,282 |
Deferred Taxation | 8.1 | 736,627,701 | 535,360,471 | |
Gratuity | 5,775,841 | 5,775,841 | ||
742,403,542 | 541,136,312 |
Flying Cement Company Limited
Notes To The Condensed Interim Financial Statements (Un-Audited) For the half year ended March 31, 2025 (Un-Audited)
Note
(Un-Audited) March 31
2025
Rupees
(Audited) June 30
2024
Rupees
5 DIRECTORS & SHAREHOLDERS LOAN - UNSECURED
Directors & shareholders loan
5.1
130,043
130,043
57,035,933
57,035,933
5.1 The directors have provided interest free loan for expansion and working capital requirements. The repayment of the loan is at the discretion of the Company.
6 SURPLUS ON REVALUATION OF FIXED ASSETS
Balance as July 01, 3,786,644,456 3,845,115,494
Add: Revaluation Surplus - -
3,786,644,456 3,845,115,494
Less: Surplus transferred to accumulated profit Incremental depreciation
Deferred Tax effect
28,650,808 58,471,038
3,757,993,648 3,786,644,456
7
LONG TERM LIABILITIES
Loans from banking companies - secured
Loans from non banking financial companies - secured Lease from non banking financial companies- secured
7.1
3,884,135,957
9,085,923
17,887,707
3,911,109,587
3,576,467,609
13,217,511
3,589,685,120
7.1 LOANS FROM BANKING COMPANIES - SECURED
National Bank of Pakistan Demand Finance - II National Bank of Pakistan Demand Finance - III National Bank of Pakistan Demand Finance - IV National Bank of Pakistan Demand Finance - V National Bank of Pakistan Demand Finance - VI National Bank of Pakistan Demand Finance - VII National Bank of Pakistan Demand Finance - VIII National Bank of Pakistan Demand Finance - IX Al Baraka Bank Diminishing Musharika
4,794,251,957 4,930,084,609
Less current portion of loans from banking compaines-secured (910,116,000) (1,353,617,000) 3,884,135,957 3,576,467,609
7.3
LOANS FROM BANKING COMPANIES - SECURED
Invest Capital Investment Bank Ltd.
Invest Capital investment Bank LTD- Lease
Less: Current portion of loans from non banking financial companies - secured Less: Current portion of lease from non banking financial companies - secured
11,635,923
21,457,707
(2,550,000)
(3,570,000)
26,973,630
8,176,928
19,608,579
(8,176,928)
(6,391,068)
13,217,511
There is no significant change in the terms and conditions as disclosed in the Company's annual audited financial statements for the year ended June 30, 2024.
8 DEFERRED LIABILITIES
10
Flying Cement Company Limited Notes To The Condensed Interim Financial Statements (Un-Audited) | ||
For the half year ended March 31, 2025 (Un-Audited) | ||
(Un-Audited) | (Audited) | |
March 31 | June 30 | |
2025 | 2024 | |
8.1 Deferred Taxation - Net | Rupees | Rupees |
Taxable temporary differences - effect thereof | ||
-Excess of accounting book value of fixed assets over their tax base | 852,095,963 | 819,342,555 |
-Prepaid rent | - | |
Deductible temporary differences - effect thereof | ||
-Gratuity | (1,452,792) | (1,209,840) |
-WPPF & WWF | (13,143,569) | (18,317,177) |
9 SHORT TERM FINANCES | |||
Loans from banking companies-secured | 9.1 | 229,509,779 | 395,435,334 |
229,509,779 | 395,435,334 | ||
9.1 LOANS FROM BANKING COMPANIES-SECURED | |||
Albaraka Islamic Bank National Bank of Pakistan | - 229,509,779 | - 395,435,334 | |
229,509,779 | 395,435,334 | ||
Operating Assets - tangible | 11.1 | 8,114,211,656 | 8,235,288,138 | ||
Right of Use Assets | 19,969,590 | 21,588,746 | |||
Capital Work in Progress - at cost | 11.2 | 16,679,022,981 | 14,917,611,651 | ||
24,813,204,227 | 23,174,488,535 | ||||
11.1 Operating Assets - tangible | |||||
Opening book value | 8,235,288,138 | 8,391,893,103 | |||
Additions for the period / year | 11.1.1 | 2,858,400 | 13,321,664 | ||
Deletions during the period / year | - | - | |||
Insurance Claim | - | - | |||
Depreciation for the period / year | (123,934,883) | (169,926,629) | |||
8,114,211,656 | 8,235,288,138 | ||||
11.1.1 Additions for the period / year - net Plant & Machinery | - | 13,321,664 | |||
Electric Installation | 2,858,400 | - | |||
Vehicles | - | - | |||
2,858,400 | 13,321,664 | ||||
11.2 CAPITAL WORK IN PROGRESS | |||||
Building | 1,526,376,806 | 1,506,254,734 | |||
Plant & machinery | 15,152,646,175 | 13,411,356,917 | |||
16,679,022,981 | 14,917,611,651 |
-Remeasurement of defined benefits
-Unused tax losses
-
-
(100,871,901) (264,455,067)
736,627,701 535,360,471
3
9.2 Thereis no changein thetermsand conditionsas disclosedin the Company'sannualauditedfinancialstatementsfor the year ended June 30, 2024.
CONTINGENCIES AND COMMITMENTS
Contingencies
Thereis no significant change in the contingenciesdisclosed in the financial statementsfor the year ended June30,2024 except for the following:
Thecompany has recived notice for payment of sales tax amountingto Rs. 132.53 million by tax departmentrelatingtp previous years on account of inadmissible input.Thecompany has paid an amount of Rs. 105.41 million as per legal advise whereas the company is also contesting the balance amount of Rs.27.13 million and hopeful of positive outcome.
Commitments
Commitmentsin respect of outstandingletter of credit amountto Rs.109.904 million (30 June 2024 Rs.99.450 million).Itincludesletterof credit facilities for procurement of new cement plant,raw material and parts of machinery
11
PROPERTY, PLANT & EQUIPMENT
11
125,554,039 | 125,576,645 |
- | - |
76,656,905 | 158,124,427 |
(232,909,866) | (55,193,257) |
(107,916,650) | (363,873,713) |
502,455 | (15,080,373) |
121,470,557 | (143,449,023) |
(349,254,766) | (100,395,000) |
2,943,654,586 | 2,144,068,476 |
(Un-audited) | (Un-audited) | |
Jul - Mar | Jul - Mar | |
2025 | 2024 | |
Rupees | Rupees | |
Transactions with associated companies during the period | ||
Sales to Associated Companies | - | - |
Purchases from Associated Companies | - | |
- | - | |
Transaction with others key management personal during the period Salaries & Benefits | 24,300,000 | 24,300,000 |
24,300,000 | 24,300,000 |
Flying Cement Company Limited
Notes To The Condensed Interim Financial Statements (Un-Audited) For the half year ended March 31, 2025 (Un-Audited)
12
CASH FLOWS FROM OPERATING ACTIVITIES
Profit / (Loss) for the period - before taxation Adjustment for:
Depreciation Provision for Gratuity
Finance cost
(Un-Audited) (Un-Audited)
March 31 March 31
2025 2024
Rupees Rupees
588,921,074 326,779,123
202,210,944 283,701,072
791,132,018 610,480,195
(Increase) / decrease in current assets (Increase) in Stores, spares & loose tools (Increase) / Decrease in Stock-in-trade (Increase) / decrease in Trade debts
(Increase) / Decrease in Advances, deposits, prepayments and other receivables
(218,853,504)
(577,596,366)
(Increase) / decrease in current liabilities
Increase / (Decrease) in director and Shareholder loan Increase (Decrease) in Trade and other Payables
Cash generated from operations
2,594,399,820
3,166,678,334
2,043,673,476
2,076,557,305
13 RELATED PARTIES TRANSACTIONS
Relatedpartiesof thecompany compriseassociatedundertakings,directors,key employees and managementpersonnel.Detailof transactions with related parties except remuneration and benefits to directors and management personnel under their terms of employment, are as under:
12
Flying Cement Company Limited
Notes To The Condensed Interim Financial Statements (Un-Audited) For the half year ended March 31, 2025 (Un-Audited)
Year end balances
Payable to related parties.
Relationship
Associated undertakings
(Un-Audited) March 31
2025
Rupees 57,263,438
(Audited) June 30
2024
Rupees 934,678,914
14
Loan payable to director and shareholders
FINANCIAL RISK MANAGEMENT
Directors and shareholders
130,043
57,035,933
TheCompanyfinances its operationsthroughequity, borrowingsand managementof working capitalwith a view to maintainan appropriate mix between various sources of finance to minimize risk. The Company follows an effective cash managementand planningpolicy and maintainsflexibility in fundingby keepingcommittedcredit lines available. Marketrisks are managedby the Companythroughtheadoption of appropriate policies to cover currency risks and interest rate risks.
Therehave been no changesin therisk managementpolicies since June 30, 2024. Consequently,thesecondensedinterimfinancialstatements do not include all the financial risk management information and disclosures required for the annual financial statements.
DATE OF AUTHORIZATION FOR ISSUE
These condensed interim financial statements were authorized for issue on 25-4-2025 by the Board of Directors of the Company.
GENERAL
Figures in the condensed interim financial statements have been rounded off to the nearest rupee.
Corresponding figures have been rearranged and reclassified, wherever necessary, for the purposes of comparison.
Director
Chief Executive
Chief Financial Officer
13