Corporate Briefing Session
for the Year Ended 30-06-2024
SEQUENCE OF PRESENTATION
- COMPANY'S PROFILE
- COMPANY'S FINANCIAL PERFORMANCE
- FUTURE OUTLOOK / CHALLENGES
- Q & A SESSION
CORPORATE INFORMATION | |
Board of Directors | |
Mrs. Samera Irfan | Chief Executive/ Executive Director |
Mr. Rahat Ullah | Chairman/Non-Executive Director |
Mr. Pir Waris Shah | Non-Executive Director |
Barrister Shahzad Javed Panni | Independent Director |
Mr. Zia Ur Rehman | Non-Executive Director |
Mrs. Sonia Farooq | Independent Director |
Mr. Khalil Ur Rehman | Non-Executive Director |
Audit Committee | |
Barrister Shahzad Javed Panni | Chairman |
Mr. Khalil Ur Rehman | Member |
Mr. Rahat Ullah | Member |
Mr. Zia Ur Rehman | Secretary |
Human Resource Committee | |
Mrs. Sonia Farooq | Chairman |
Mr. Pir Waris Shah | Member |
Mr. Zia Ur Rehman | Secretary |
Senior Management | |
Mrs. Samera Irfan | Chief Executive |
Company Secretary | |
Mr. Pir Farhan Shah |
Bankers | Share Registrar |
National Bank of Pakistan | CDC |
MCB Bank Limited | Share Registrar Services Limited |
Askari Bank Limited | CDC House, 99-B, Block B |
Habib Metropolitan Bank Limited | S.M.C.H.S., Main Shahreh e Faisal |
Habib Bank Limited | Karachi |
Bank of Khyber | |
Bank Alfalah Limited | |
Bank of Punjab | |
Samba Bank Limited | |
External Auditors | |
Yousuf Adil | |
Chartered Accountants | |
Internal Auditors | |
Shahid Ahmad & Co. | |
Chartered Accountants | |
Registered Office | |
Khyber Tobacco Company Limited | |
Nowshera Road, Mardan | |
Telephone: +92-937-844636,844639 | |
KHYBER TOBACCO COMPANY LIMITED STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2024
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES
2024 | 2023 |
Rupees | Rupees |
Share capital Unappropriated profit Revenue reserves
Revaluation surplus on property, plant and equipment
LIABILITIES
NON CURRENT LIABILITIES
Employee retirement benefits
Deferred taxation
Lease liabilities
CURRENT LIABILITIES
Current portion of lease liabilities Trade and other payables Unclaimed dividend
Loan from sponsors - unsecured
Accrued markup on loan from sponsors-un-secured Provision for levy and taxation
CONTINGENCIES AND COMMITMENTS
TOTAL EQUITY AND LIABILITIES
69,226,040
2,342,162,638
3,312,465
281,742,430
2,696,443,573
120,231,933
179,827,028
133,674,327
433,733,288
99,564,887
7,832,548,264
16,669,221
901,035,638
233,616,169
44,530,446
9,127,964,625
12,258,141,486
69,226,040
3,352,438,743
3,312,465
368,963,006
3,793,940,254
87,810,788
105,942,415
-
193,753,203
-
3,439,663,984
16,171,291
101,035,638
175,252,784
126,065,096
3,858,188,793
7,845,882,250
NON CURRENT ASSETS
Property, plant and equipment Right of use asset
Long term deposits and prepayments
CURRENT ASSETS
Stock in trade
Stores, spare parts and loose tools Trade debts
Advances, prepayments and other receivables Prepaid levy
Advance income tax Cash and bank balances
TOTAL ASSETS
2,824,478,195
147,311,167
30,980,190
3,002,769,552
6,313,346,604
26,877,660
1,348,738,777
523,352,898
16,344,998
82,025,802
944,685,195
9,255,371,934
12,258,141,486
2,744,656,198
-
6,237,411
2,750,893,609
1,706,636,284
19,357,351
1,407,685,764
746,341,728
62,589,434
65,899,896
1,086,478,184
5,094,988,641
7,845,882,250
The annexed notes from 1 to 42 form an integral part of these financial statements.
KHYBER TOBACCO COMPANY LIMITED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2024
Revenue from contracts with customers - net Cost of sales
Gross profit
Administrative expenses
Selling and distribution expenses
Impairment loss on financial assets
Operating (loss) / profit
Other income
Other expenses
Finance cost
(Loss) / profit before income tax, final tax and minimum tax differential
Final tax and minimum tax differential
(Loss) / profit before tax
Taxation
(Loss) / profit for the year
2024
Rupees
3,113,760,068
(2,957,784,962)
155,975,106
(411,115,046)
(206,347,167)
(77,590,728)
(695,052,941)
(539,077,835)
3,246,824
(535,831,011)
(167,826,505)
(269,978,815)
(437,805,320)
(973,636,331)
(44,463,206)
(1,018,099,537)
(3,897,489)
(1,021,997,026)
2023
Rupees
7,434,547,887
(4,662,752,405)
2,771,795,482
(237,124,008)
(293,248,789)
(61,954,517)
(592,327,314)
2,179,468,168
399,196,718
2,578,664,886
(177,871,122)
(276,640,353)
(454,511,475)
2,124,153,411
(88,971,015)
2,035,182,396
(36,781,539)
1,998,400,857
Earnings per share - basic and diluted | (147 .63) | 288.68 | |
KHYBER TOBACCO COMPANY LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED JUNE 30, 2024
(Loss) / Profit for the year
Items that will not be reclassified to profit or loss:
Surplus on revaluation of property, plant and equipment Impact of change in tax rate on revaluation surplus Remeasurement gain / (loss) on post retirement benefits liability Related deferred tax
Total comprehensive income for the year
2024 Rupees
(1,021,997,026)
-
(71,651,878)
1,362,833
1,731,994
(68,557,051)
(1,090,554,077)
2023
Rupees
1,998,400,857
-
39,503,113
(8,984,073)
771,033
31,290,073
2,029,690,930
KHYBER TOBACCO COMPANY LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED JUNE 30, 2024
Balance as at July 01, 2022
Total comprehensive income for the year
Profit for the year
Other comprehensive income for the year
Transfer from surplus on revaluation of property, plant and equipment - net of tax
- on account of incremental depreciation
- on account of disposal
Transactions with owners:
Shares issued as fully paid bonus shares
Balance as at June 30, 2023
Total comprehensive income for the year
(Loss) / Profit for the year
Other comprehensive income for the year
Transfer from surplus on revaluation of property, plant and equipment - net of tax - on account of incremental depreciation
Transactions with owners:
-Dividend distributed during the year
Balance as at June 30, 2024
Reserves | ||||
Capital reserves | Revenue reserves | |||
Share capital | Revaluation | |||
surplus on | General | Unappropriated | Total | |
property, plant | reserves | profit | ||
and equipment | ||||
--------------------------------------------------- | Rupees--------------------------------------------------- | |||
48,073,640 | 360,188,752 | 3,312,465 | 1,352,674,467 | 1,764,249,324 |
- | - | - | 1,998,400,857 | 1,998,400,857 |
- | 39,503,113 | - | (8,213,040) | 31,290,073 |
- | 39,503,113 | - | 1,990,187,817 | 2,029,690,930 |
- | (20,319,913) | - | 20,319,913 | - |
- | (10,408,946) | - | 10,408,946 | - |
- | (30,728,859) | - | 30,728,859 | - |
21,152,400 | - | - | (21,152,400) | - |
69,226,040 | 368,963,006 | 3,312,465 | 3,352,438,743 | 3,793,940,254 |
- | - | - | (1,021,997,026) | (1,021,997,026) |
- | (71,651,878) | - | 3,094,827 | (68,557,051) |
- | (71,651,878) | - | (1,018,902,199) | (1,090,554,077) |
- | (15,568,698) | - | 15,568,698 | - |
- | - | - | (6,942,604) | (6,942,604) |
69,226,040 | 281,742,430 | 3,312,465 | 2,342,162,638 | 2,696,443,573 |
KHYBER TOBACCO COMPANY LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2024
A. CASH FLOWS FROM OPERATING ACTIVITIES
(Loss) / Profit before income tax
Adjustments for:
Depreciation on property, plant and equipment Final tax and minimum tax differential Provision for staff retirement benefits Accrued liabilities written back
Advance from customer written back Advance to supplier written off Write off sales tax not to be claimed
Gain on disposal of property, plant and equipment Impairment loss on financial assets
Exchange loss / (gain) Finance cost
Cash flows from operating activities before working capital chan
2024
Rupees
(1,018,099,537)
302,642,763
44,463,206
38,936,080
(3,246,824)
-
65,012,237
-
-
77,590,728
21,739,923
269,978,815
817,116,928
(200,982,609)
2023
Rupees
2,035,182,396
168,355,772
88,971,015
25,147,539
(23,025,824)
(3,375,000)
560,343
9,035,649
(1,671,651)
61,954,517
(371,124,243)
276,640,353
231,468,470
2,266,650,866
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