GULSHAN SPINNING MILLS LIMITED CONDENSED INTERIM BALANCE SHEET
AS AT 31 MARCH | 2025 | Un-audlted | Audited | |
31 MARCH | 30 JUNE | |||
ASSETS | NOTE | 2025 (Unaudited) Rupees | 2024 (Audited) Rupees |
'a Current Assets
Property, plant and equipment | 989,207 | |||
Disposal group urtder scheme of arrangement | 44,597,308 | 44,597,308 | ||
Long term Investments | 75,283,928 | 75,283,928 | ||
Long term deposits | 500,000 | 500,000 | ||
Trade debts | 51,242,913 | 51,242,913 | ||
Loans and advances | 136,500 | 554 000 | ||
Other receivables | 11,854,531 | 11,758,537 | ||
Ca9h and bank balances | 16,192,492 | 17,Q09,359 | ||
Total Assets | 200,796,879 | 200,946,045 | ||
EQUITY AND LIABILITIES | ||||
Share Capital and Reserves | ||||
Authorised capital | ||||
25,000,000 (30 June Z0Z4: Zs,000,000) Ordinary | shares of Rs.10/- each | 250,000,000 | 250,000,000 | |
Share Capital | 222,250,380 | 222,250,380 | ||
Reserves | 272,000,000 | 272,000,000 | ||
Sub-ardinate Loan | 250,000,000 | 250,000,000 | ||
(Accumulated loss) / unappropriated profit | (3,741,328,511) | (3,734,020,223) | ||
'Surplus on Revaluation of Operating Fixed Assets | 28,965,054 | 28,965,054 | ||
(2,968,113,077) | (2,960,804,789) | |||
Current Llabllities
Payable to banking coin[ anies under scheme of arrangemen | 6 | 2,850,066,140 | 2,850,066,140 |
Loan from associates cfl4Cl UtllH£ pdf HPS | 295,260,222 | 287,673,222 | |
Post employment benefits payables | 3,135,028 | 3,375,906 | |
Trade anal either payables | 19,391,463 | 19,598,463 |
Unclaimed dividend
Contingencies and Commitments
Total equity and liabilities
1,037,103 1,037.103 3,168,909,956 3,161,750,634
7
200,796,879 200,946,045
The ahnexed notes from 1 to 10 form an integral part of s condensed interim financial information.
SOHAIL MAQSOOD
CHIEF EXECUTIVE
IMRAN ASLAM CHIEF FINANCIAL OFFICER
ABID SATTAR
DIRECTORGULSHAN SPINNING MILLS LIMITED
CONDENSED INTERIM CASH FLOW STATEMENT (UN-AUDITED) FOR THE NINE MONTHS ENDED MARCH 31, 2025
Nine months ended
I'tOTE | March 31, 2025 | March 31, 2024 | ||
---------Rupees •- | ||||
CASH FLOWS FROM OPERATING ACTIVITIES | (13,002,410) | (8,084,855) | ||
Cash generated from operations | ||||
Finance cost paid | (6,a93) | (8,672) | ||
Other income | 5,840,614 | 12,888 | ||
Staff retirement benefits- gratuity paid | (240,878) | (331,000) | ||
Net cash used in operating activities | (7,409,367} | (8,411,638) | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Fixed capital expenditure | 01 500) | |||
Net cash used in investing activities | (1,014.500) | - | ||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Loan from associates and other parties- net | 7 60 000 | 8 1 1 0 0 | ||
Net cash generated from financing activities | 7,607,000 | 8,131,000 | ||
Net (decrease) / increase in cash and cash equivalents | (816,B67) | (280,638) | ||
Cash and cash equivalents - at beginning of the year | 17,009,359 | 17,365,034 | ||
Cash and cash equivalents - at end of the year | 16,192,492 | 17,084,396 | ||
The annexed notes from 1 to 10 form an integral part of ths condensed interim financial information.
SOHAIL MAQSOOD
CHIEF EXECUTIVE
IMRAN ASLAM CHIEF FINANCIAL OFFICER
7
ABID SATTAR DIRECTOR
GULSHAN SPINNING MILLS LIMITED
CONDI2NSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)
FOR THE NINE MONTHS ENDED MARCH 31, 2025
Capital reserve Revenu reserve
Share
Capital
Share
Premium
Revaluation
surplus
General reserve
Accumulated
losses
subordinated loan
Total
--------•----•---------------------•----- Rupees ----------------------------------
Balance as at 01 July 2023 | 222,250,360 | 66,000,000 | 181, 031,386 | ZOO,OOO,000 | (3,87Z, 167,938) | 250,000,000 | (2,946,865,072) | ||
Total Comprehensive loss for | |||||||||
the nine months ended Mar 31,2024 | 17,331,895 | 17,331,895 | |||||||
17,331,895 | 17,331,895 | ||||||||
Balance as at 31 Mar 20Z4 | ZZ2,250,380 | 66,000,000 | 181,031,586 | 206,000,000 | (3,654,836,043) | 250,000,000 | (2,929,554,077) | ||
Balance as at 01 July 2024 | 222,250,380 | 66,000,000 | 28,965,054 | 206,000,000 | (3,734,020,223) | 250,000,000 | (2,960,804,789) | ||
Total Comprehensive loss for the nine months ended Mar 31,2024 | |||||||||
(7,308,288) | (7,308,288) | ||||||||
Balance as at 31 Mar 2025 | 222,25Q,380 | 54,000,000 | 28,965,054 | 206,000,000 | (3,741,328,511) | 250,000,000 | (2,968,113,077) | ||
(7,308,288) | (7,308,288) |
The annexed notes from 1 to 10 form an integral part of this condensed interim financial information.
SOHAIL MAQSOOD
CHIEF EXECUTIVE
IMRAN ASLAM CHIEF FINANCIAL OFFICER
ABD SATTAR DIRECTOR