Financial Statements
For
the Quarter Ended
September 30, 2024
1
Profit & Loss September 30, 2024
Revenue from contracts with customers - net
Cost of sales
Gross profit
Administrative expenses
Selling and Distribution cost
Impairment loss on financial assets
Operating profit
Other operating income
Three month ended
September-24
2024 | 2023 | ||
----------------- | Rupees | ------------------------ | |
1,243,301,108 | 571,403,951 | ||
(1,584,755,857) | (618,754,750) | ||
(341,454,749) | (47,350,799) | ||
(120,432,794) | (79,951,137) | ||
(61,586,094) | (61,532,930) | ||
- | - | ||
(182,018,888) | (141,484,067) | ||
(523,473,637) | (188,834,866) | ||
- |
Other expenses
Finance cost
(Loss) / profit before income tax, final tax and minimum tax differential
Final tax and minimum tax differential
Taxation
Profit (Loss) for the period
Earnings per share - basic and diluted
(523,473,637)
-
(56,756,828)
(56,756,828)
(580,230,465)
-
(580,230,465)
(232,796,449)
(813,026,914)
(117.45)
(188,834,866)
-
(28,474,038)
(28,474,038)
(217,308,903)
-
(217,308,903)
(32,447,409)
(249,756,312)
(36.08)
Chief Executive | Director | Director |
Balance Sheet as at September 30, 2024
SHARE CAPITAL AND RESERVES
Issued, subscribed and paid up share capital (ordi)nary shares of Rs. 10 each
Unappropriated Profit Revenue reserves
surplus on revaluation of property Plant and Equipment-net of tax
NON CURRENT LIABILITIES
Employee benefits
Lease liabilty
Deferred tax liabilities-net
CURRENT LIABILITIES
Lease Liability-current
Trade and other payables
Unclaimed dividend
Loan From Director
Provision for Taxation
Sep-24
Rupees
69,226,040
1,564,966,532
3,312,465
245,911,622
1,883,416,659
125,105,247
133,674,327
399,327,798
658,107,372
99,564,887
16,278,238,036
16,669,221
1,062,835,638
57,826,125
17,515,133,908
20,056,657,938
Jun-24
Rupees
69,226,040
2,342,162,638
3,312,465
281,742,430
2,696,443,573
120,231,933
133,674,327
179,827,028
433,733,288
99,564,887.00
8,066,164,433
16,669,221
901,035,638
44,530,446
9,127,964,625
12,258,141,486
Balance Sheet as at September 30, 2024
NON CURRENT ASSETS
Property, plant and equipment
Right of Use Asset
Long term deposits
CURRENT ASSETS
Stock in trade Trade debts
Advances, prepayments and other receivables Stores Spare Parts and Other inventory Advance income tax
Cash and bank balances
Sep-24
Rupees
2,836,307,542
147,311,166
30,980,190
3,014,598,899
13,347,841,531
1,993,293,135
616,747,134
38,792,558
1,045,384,682
17,042,059,040
Jun-24
Rupees
2,824,478,195
147,311,167
30,980,190
3,002,769,552
6,313,346,604
1,348,738,777
539,697,896
26,877,660
82,025,802
944,685,195
9,255,371,934
20,056,657,938 12,258,141,486
Chief Executive | Director | Director |
Cash Flow 30th Sep 2024
Three month ended
September-24
CASH FLOWS FROM OPERATING ACTIVITIES
Profit/(loss) before taxation
Adjustments for:
Depreciation
Final tax and minimum tax differential
Provision for staff retirement benefits
Finance cost
Cash flows from operating activities before working capital changes
Working capital changes
(INCREASE) / DECREASE IN CURRENT ASSETS
Stock in Trade
Store and spare
Trade Debts
Advances and Prepayments
Advance duty and Taxes
Advance income tax
Trade and other Payables
2024
Rupees
(580,230,465)
67,571,567
10,707,422
1,501,932
79,780,921
(500,449,544)
(7,034,494,927)
-
(644,554,358)
(77,049,238)
(11,914,898)
82,025,802
8,212,073,603
526,085,985
2023 Rupees
(217,308,903)
66,811,509
6,915,573
22,736,275
96,463,357
(120,845,546)
(4,134,257,424)
(26,091,934)
456,065,862
463,996,767
(85,159,908)
(124,592,566)
3,482,246,492
32,207,289
Cash Flow 30th Sep 2024
Gratuity paid
Income tax paid
Levy's paid
Lease rentals paid
Finance cost paid
WWF/WPPF
Dividend paid
Net cash generated from operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property, plant and equipment Additions to Intangible Assets
Security deposits
Proceeds from sale of Fixed Asset
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Short term loan-Unsecured
Repayment of short term loan
Net increase (decrease) in cash and cash equivalents Effects of exchange rates on cash and cash equivalents
Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period
(5,834,108)
(1,501,932)
-
(7,336,040)
18,300,401
(79,400,914)
-
-
-
(79,400,914)
161,800,000
-
161,800,000
100,699,487
-
944,685,195
1,045,384,682
(235,785)
(5,635,744)
-
-
(1,775,336)
-
-
(7,646,865)
(96,285,122)
(28,266,733)
-
-
-
(28,266,733)
300,000,001
-
300,000,001
175,448,146
1,086,478,184
1,261,926,330
Chief Executive | Director | Director |
Notes 30th Sep 2024
-
THE COMPANY AND ITS OPERATIONS
Khyber Tobacco Company Limited (" the Company ") is a public limited company incorporated in Pakistan on October 15, 1954 under
the Companies Act, 1913 (now the Companies Act, 2017) and is listed on the Pakistan Stock Exchange Limited. The Company is engaged in the manufacture and sale of cigarettes and tobacco. The Company's registered office and production plant is situated at
Nowshera Road, Mardan. - BASIS OF PREPARATION AND STATEMENT OF COMPLIANCE
These financial Statements of the Company for the period ended September 30, 2024 has been prepared in accordance with approved accounting standards as applicable in pakistan. The accounting and reporting standards applicable in Pakistan comprises of: International Financial Reporting Standards (IFRS), issued by International Accounting Standard Board (IASB) as notified under the companies Act 2017 and Provisions and directives issued under the companies Act 2017. Where provisions of and directives issued under the companies Act 2017 differ from the IFRS Standards, the provision of and directives issued under the Companies Act 2017 have been followed. Details oc company's accounting policies are included in note 3.
Thse Financial Statements have been prepared under historical cost convention except for the Property, Plant and Equipment which measured at revalued cost. These Financial Statements are presented in Pak Rupees, which is the Company's functional currency. All amounts have been rounded to the nearest rupee, unless otherwise indicated. - SIGNIFICANT ACCOUNTING POLICIES AND ESTIMATES
The accounting policies, significant judgements, estimates and assumptions used by the management in preparation of these financial information are the same as those applied in preparation of audited annual financial statements for the year ended 30 June 2024.
Notes 30th Sep 2024
4. CONTINGENCIES AND COMMITMENTS
Contingencies and Commitments are the same as disclosed in the annual financial statements for the year ended June 30, 2024
-
PROPERTY, PLANT AND EQUIPMENT
Break up of Property, Plant and Equipment is as follows:
Un-audited | Audited | ||
Sept | 30-Jun | ||
2024 | 2024 | ||
Rupees | Rupees | ||
Operating Fixed Assets | 2,836,307,542 | 2,824,478,195 | |
Long term deposits | 30,980,190 | 30,980,190 | |
Right of Use Asset | 147,311,166 | 147,311,166 | |
3,014,598,899 | 3,002,769,551 | ||
Notes 30th Sep 2024
Three month ended
September-24
6. TURNOVER - net Gross turnover
- Local
- Export
Government levies - Excise duty - Sales tax
Discounts
2024
Rupees
4,371,689,474
290,540,360
4,662,229,834
2,694,789,800
658,621,404
3,353,411,204
65,517,522
1,243,301,108
2023 Rupees
1,450,181,185
388,091,906
1,838,273,091
1,037,856,075
218,354,345
1,256,210,420
10,658,720
571,403,951
Notes 30th Sep 2024
7. | COST OF SALES | |||
Raw and packing material consumed | 1,539,200,100 | 935,985,119 | ||
Salaries, wages and benefits | 75,868,086 | 77,047,633 | ||
Fuel and power | 60,591,471 | 80,913,196 | ||
Store and Inventory consumption | 4,551,986 | 19,422,635 | ||
Repair and maintenance | 1,316,517 | 1,916,204 | ||
Royalty | - | 507,780 | ||
Rent | 3,194,479 | 4,397,687 | ||
Depreciation | 63,658,940 | 62,903,910 | ||
Insurance | 2,930,479 | |||
1,748,381,579 | 1,186,024,643 | |||
Opening work in process | - | - | ||
Closing work in process | (2,753,688) | (39,074,398) | ||
Cost of goods manufactured | 1,745,627,891 | 1,146,950,245 | ||
Opening finished stock | 134,918,454 | 85,363,629 | ||
Closing finished stock | (295,790,487) | (613,559,124) | ||
1,584,755,857 | 618,754,750 |
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