MAQBOOL TEXTILE MILLS LIMITED
Financial Statements
(Un Audited)
For the First Quarter Ended
Septmber 30, 2024
MAQBOOL TEXTILE MILLS LIMITED PROFIT AND LOSS ACCOUNT
FOR THE 1ST QUARTER ENDED SEPTEMBER 30, 2024 (Un-Audited)
Sales
Cost of goods sold
Gross profit
Other income
Selling and distribution expenses
Administrative expenses
Other operating expenses
Finance cost
Profit/(Loss) before taxation
Taxation
Profit/(Loss) after taxation Other comprehensive profit/(loss) for the period - net of tax
Earnings/(Loss) per share
NOTES TO THE ACCOUNTS
30-Sep-24
Rupees
1,757,722,537
(1,677,806,520)
79,916,017
641,250
80,557,267
(6,002,587)
(76,573,631)
-
(82,576,218)
(173,842,621)
(175,861,572)
(21,971,532)
(197,833,104)
-
(197,833,104)
(10.73)
30-Sep-23
Rupees
3,179,455,333
(2,823,023,328)
356,432,005
701,094
357,133,099
(28,496,487)
(86,199,299)
(4,920,793)
(119,616,579)
(167,219,482)
70,297,038
(30,059,347)
40,237,691
-
40,237,691
2.18
These un-audited financial statements are being presented to the shareholders as required under SECP Notification No.SRO746(1)2001 dated 05-11-2001 and inaccordance with the requirements of International Accounting Standard-34 "Interim Financial Reporting".
Accounting policies adopted for the preparation of these quarterly accounts are the same as adopted in the preceding periodic financial statements.
Figures in these accounts have been rounded off to the nearest rupee.
Chief Executive Officer | Director | Chief Financial Officer |
MAQBOOL TEXTILE MILLS LIMITED STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2024 (Un-Audited)
ASSETS
Non-current assets
Property, plant and equipment Long term deposits
Current assets
Stores and spares
Stock in trade
Trade debts
Loans and advances
Due from government
Advance tax
Other financial assets
Cash and bank balances
Total assets
EQUITY AND LIABILITIES
Share capital and reserves
Share capital
Share premium General reserve
Surplus on revaluation of property, plant and equipment - net of deferred tax Unappropriated profits
Loan from director
Non-current liabilities
Long term financing Deferred grant Lease liabilities Deferred taxation
Staff retirement benefits - gratuity
Current liabilities
Trade and other payables Accrued mark up
Short term borrowings Unclaimed dividend Unpaid dividend
Current portion of long term financing Current portion of deferred grant Current portion of lease liabilities Provision for tax
Contingencies and commitments Total equity and liabilities
30-Sep-24
Rupees
5,196,271,750
8,714,089
5,204,985,839
173,583,206
1,897,658,158
355,522,072
34,110,588
733,829,041
155,279,245
10,395,667
16,370,309
3,376,748,285
8,581,734,124
184,320,000
65,280,000
168,000,000
2,078,892,493
(321,550,551)
2,174,941,942
29,961,079
2,204,903,021
724,552,990
-
13,655,188
677,720,179
64,264,107
1,480,192,463
1,703,885,341
185,724,367
2,723,070,000
3,005,565
3,526,445
122,482,836
-
8,979,339
145,964,747
4,896,638,640
-
8,581,734,124
30-Jun-24
Rupees
5,236,427,242
8,714,089
5,245,141,331
202,017,003
1,838,369,038
549,587,043
281,317,864
801,320,970
153,038,445
10,386,500
7,488,368
3,843,525,231
9,088,666,562
184,320,000
65,280,000
168,000,000
2,090,700,372
(135,525,326)
2,372,775,046
16,701,079
2,389,476,125
400,256,906
57,989,629
15,737,598
712,635,574
67,339,550
1,253,959,257
1,942,476,099
180,557,187
3,040,183,675
3,005,565
3,526,445
125,121,715
17,457,174
8,910,104
123,993,216
5,445,231,180
-
9,088,666,562
Chief Executive Officer | Director | Chief Financial Officer |
MAQBOOL TEXTILE MILLS LIMITED STATEMENT OF CASH FLOW
FOR THE 1ST QUARTER ENDED SEPTEMBER 30, 2024 (Un-Audited)
CASH FLOWS FROM OPERATING ACTIVITIES
Profit/(Loss) before taxation
Adjustments for:
Depreciation
Provision for gratuity
Finance cost
Operating cash flows before working capital changes
(Increase)/decrease in current assets Stores and spares
Stock-in-trade Trade debts Loans and advances Other financial assets Due from government
(Decrease)/increase in current liabilities
Trade and other payables
Net Cash Generated from operations
Income tax paid
Gratuity paid
Finance cost paid
Net cash generated from operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property, plant and equipment
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of long-term finances Proceeds from loan from directors Proceeds from short-term borrowings - net Repayment of lease liabilities
Net cash used in financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period
30-Sep-24
Rupees
(175,861,572)
60,623,342
11,302,187
173,842,621
245,768,150
69,906,578
28,433,797
(59,289,120)
194,064,971
247,207,276
(9,167)
67,491,929
477,899,687
(238,590,757)
309,215,508
(37,156,195)
(14,377,629)
(168,675,439)
(220,209,263)
89,006,245
(20,467,860)
(20,467,860)
246,210,402
13,260,000
(317,113,675)
(2,013,170)
(59,656,444)
8,881,941
7,488,368
16,370,309
(0)
30-Sep-23
Rupees
70,297,038
52,338,720
13,699,809
167,219,482
233,258,011
303,555,049
487,777
(335,519,849)
278,825,522
93,798,491
-
58,505,508
96,097,449
(138,991,433)
260,661,065
(24,103,918)
(6,862,349)
(156,671,460)
(187,637,727)
73,023,338
(40,730,770)
(40,730,770)
(18,689,629)
(33,570,627)
(7,507,582)
(59,767,838)
(27,475,270)
37,211,751
9,736,481
Chief Executive Officer | Director | Chief Financial Officer |
MAQBOOL TEXTILE MILLS LIMITED STATEMENT OF CHANGES IN EQUITY
FOR THE 1ST QUARTER ENDED SEPTEMBER 30, 2024 (Un-Audited)
Capital Reserves | Revenue Reserve | ||||||
Share | Loan from | ||||||
Surplus on | Total | ||||||
capital | Share | revaluation of | General | Unappropriated | director | ||
premium | property, plant | reserve | profit | ||||
and equipment | |||||||
Balance as at July 01, 2023 | 184,320,000 | 65,280,000 | 1,580,516,928 | 168,000,000 | 630,760,398 | - | 2,628,877,326 |
Loss for the quarter ended September 30, 2023 Other comprehensive income for the period
Transfer to unappropriated profit on account of incremental depreciation on surplus of revaluation
of property, plant & equipment
Balance as at September 30, 2023
40,237,691 | - | 40,237,691 | |||||
- | |||||||
184,320,000 | 65,280,000 | 1,580,516,928 | 168,000,000 | 670,998,089 | - | 2,669,115,017 | |
(12,434,190) | 12,434,190 | - | - | ||||
184,320,000 | 65,280,000 | 1,568,082,738 | 168,000,000 | 683,432,279 | - | 2,669,115,017 | |
Balance as at July 01, 2024
Profit for the quarter ended September 30, 2024 Other comprehensive income for the period
Transfer to unappropriated profit on account of incremental depreciation on surplus of revaluation
of property, plant & equipment
Balance as at September 30, 2024
184,320,000 | 65,280,000 | 2,090,700,372 | 168,000,000 | (135,525,326) | 16,701,079 | 2,389,476,125 | |
(197,833,104) | (197,833,104) | ||||||
- | - | ||||||
184,320,000 | 65,280,000 | 2,090,700,372 | 168,000,000 | (333,358,430) | 16,701,079 | 2,191,643,021 | |
(11,807,879) | 11,807,879 | 13,260,000 | 13,260,000 | ||||
184,320,000 | 65,280,000 | 2,078,892,493 | 168,000,000 | (321,550,551) | 29,961,079 | 2,204,903,021 | |
2,064,683,669 | |||||||
(14,208,824) |
Chief Executive Officer | Director | Chief Financial Officer |
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