NISHAT MILLS LIMITED
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
Note | |
EQUITY AND LIABILITIES | |
SHARE CAPITAL AND RESERVES | |
Authorized share capital | |
1,100,000,000 (30 June 2024: 1,100,000,000) | |
ordinary shares of Rupees 10 each | |
Issued, subscribed and paid-up share capital | |
351,599,848 (30 June 2024: 351,599,848) | |
ordinary shares of Rupees 10 each | |
Reserves | |
Total equity | |
LIABILITIES | |
NON-CURRENT LIABILITIES | |
Long term financing- secured | 5 |
Deferred liabilities | |
CURRENT LIABILITIES | |
Trade and other payables | |
Accrued mark-up | |
Short term borrowings | |
Current portion of non-current liabilities | |
Unclaimed dividend | |
Provision for taxation and levy - net | |
TOTAL LIABILITIES | |
CONTINGENCIES AND COMMITMENTS | 6 |
TOTAL EQUITY AND LIABILITIES
Un-audited | Audited |
31 December | 30 June |
2024 | 2024 |
(Rupees in thousand)
11,000,00011,000,000
3,515,9993,515,999
122,187,125111,294,014
125,703,124114,810,013
21,999,700 | 23,672,520 | |
6,737,256 | 5,262,486 | |
28,736,956 | 28,935,006 |
17,919,22314,616,264
1,234,7641,507,965
69,812,61249,789,624
4,536,7814,400,172
120,572116,289
2,649,5472,664,112
96,273,49973,094,426
125,010,455102,029,432
250,713,579216,839,445
Note | |
ASSETS | |
NON-CURRENT ASSETS | |
Property, plant and equipment | 7 |
Investment properties | |
Long term investments | |
Long term loans | |
Long term deposits | |
CURRENT ASSETS | |
Stores, spare parts and loose tools | |
Stock-in-trade | |
Trade debts | |
Loans and advances | |
Short term deposits and prepayments | |
Other receivables | |
Accrued interest | |
Cash and bank balances | |
Non-current asset held for sale | 8 |
TOTAL ASSETS
Un-audited | Audited |
31 December | 30 June |
2024 | 2024 |
(Rupees in thousand)
63,373,21760,043,195
465,874467,504
74,708,41366,811,200
316,847339,213
369,338428,572
139,233,689128,089,684
6,889,4356,049,021
56,848,14637,447,381
26,971,52722,374,547
7,237,5607,819,991
368,937513,937
8,113,25511,691,606
170,793130,923
3,180,2382,722,355
109,779,89188,749,761
1,699,999-
111,479,89088,749,761
250,713,579216,839,445
The annexed notes form an integral part of these unconsolidated condensed interim financial statements.
___________________________ | ____________ | _________________________ |
CHIEF EXECUTIVE OFFICER | DIRECTOR | CHIEF FINANCIAL OFFICER |
NISHAT MILLS LIMITED
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS
FOR THE HALF YEAR ENDED 31 DECEMBER 2024
(UN-AUDITED)
Note
HALF YEAR ENDED | QUARTER ENDED | |||||
31 December | 31 December | 31 December | 31 December | |||
2024 | 2023 | 2024 | 2023 |
-------------------------(Rupees in thousand) ------------------------
REVENUE | 9 | 89,416,524 |
COST OF SALES | 10 | (78,869,536) |
GROSS PROFIT | 10,546,988 | |
DISTRIBUTION COST | (3,959,666) | |
ADMINISTRATIVE EXPENSES | (1,510,286) | |
OTHER EXPENSES | (102,517) | |
(5,572,469) | ||
4,974,519 | ||
OTHER INCOME | 6,134,594 | |
PROFIT FROM OPERATIONS | 11,109,113 | |
FINANCE COST | (4,571,345) | |
PROFIT BEFORE TAXATION AND LEVY | ||
6,537,768 | ||
LEVY | (995,082) | |
PROFIT BEFORE TAXATION | 5,542,686 | |
TAXATION | (1,399,335) | |
PROFIT AFTER TAXATION | 4,143,351 | |
EARNINGS PER SHARE- BASIC AND | ||
DILUTED (RUPEES) | 11 | 11.78 |
76,970,895
(67,665,924)
9,304,971
(2,988,140)
(1,283,907)
(128,184)
(4,400,231)
4,904,740
8,217,675
13,122,415
(5,085,059)
8,037,356
(1,150,361)
6,886,995
(1,253,539)
5,633,456
16.02
45,971,649
(40,178,356)
5,793,293
(1,860,535)
(803,944)
(101,673)
(2,766,152)
3,027,141
3,768,952
6,796,093
(1,862,551)
4,933,542
(637,771)
4,295,771
(1,096,464)
3,199,307
9.10
36,942,911
(32,596,589)
4,346,322
(1,522,050)
(683,308)
(28,760)
(2,234,118)
2,112,204
2,613,702
4,725,906
(2,705,266)
2,020,640
(534,901)
1,485,739
(400,999)
1,084,740
3.09
The annexed notes form an integral part of these unconsolidated condensed interim financial statements.
________________________ | ____________ | _________________________ |
CHIEF EXECUTIVE OFFICER | DIRECTOR | CHIEF FINANCIAL OFFICER |
NISHAT MILLS LIMITED
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY
FOR THE HALF YEAR ENDED 31 DECEMBER 2024 ( UN-AUDITED)
(RUPEES IN THOUSAND)
SHARE CAPITAL
RESERVES | |||||||||
CAPITAL RESERVES | REVENUE RESERVES | ||||||||
Premium on | Fair value reserve | Unappropriated | TOTAL | ||||||
issue of right | FVTOCI | Sub Total | General reserve | Sub Total | |||||
profit | |||||||||
shares | investments | ||||||||
TOTAL EQUITY
Balance as at 30 June 2023 - (audited) | 3,515,999 | 5,499,530 | 7,894,448 | 13,393,978 | 60,688,028 | 12,166,114 | 72,854,142 | 86,248,120 | 89,764,119 |
Transaction with owners- Final dividend for the year ended | - | - | - | - | - | (1,757,999) | (1,757,999) | (1,757,999) | (1,757,999) |
30 June 2023 @ Rupees 5.00 per share | |||||||||
Transferred to general reserve | - | - | - | - | 10,408,000 | (10,408,000) | - | - | - |
Profit for the period | - | - | - | - | - | 5,633,456 | 5,633,456 | 5,633,456 | 5,633,456 |
Other comprehensive income for the period | - | - | 9,734,931 | 9,734,931 | - | - | - | 9,734,931 | 9,734,931 |
Total comprehensive income for the period | - | - | 9,734,931 | 9,734,931 | - | 5,633,456 | 5,633,456 | 15,368,387 | 15,368,387 |
Balance as at 31 December 2023 - (un-audited) | 3,515,999 | 5,499,530 | 17,629,379 | 23,128,909 | 71,096,028 | 5,633,571 | 76,729,599 | 99,858,508 | 103,374,507 |
Transfer of fair value gain on buy back of FVTOCI | |||||||||
investment to unappropriated profit | - | - | (5,190) | (5,190) | - | 5,190 | 5,190 | - | - |
Profit for the period | - | - | - | - | - | 735,397 | 735,397 | 735,397 | 735,397 |
Other comprehensive income for the period | - | - | 10,700,109 | 10,700,109 | - | - | - | 10,700,109 | 10,700,109 |
Total comprehensive income for the period | - | - | 10,700,109 | 10,700,109 | - | 735,397 | 735,397 | 11,435,506 | 11,435,506 |
Balance as at 30 June 2024 - (audited) | 3,515,999 | 5,499,530 | 28,324,298 | 33,823,828 | 71,096,028 | 6,374,158 | 77,470,186 | 111,294,014 | 114,810,013 |
Transaction with owners- Final dividend for the year ended | |||||||||
30 June 2024 @ Rupees 3.00 per share | - | - | - | - | - | (1,054,800) | (1,054,800) | (1,054,800) | (1,054,800) |
Transferred to general reserve | - | - | - | - | 5,319,000 | (5,319,000) | - | - | - |
Transfer of fair value gain on buy back of FVTOCI | |||||||||
investment to unappropriated profit | - | - | (4,931) | (4,931) | - | 4,931 | 4,931 | - | - |
Profit for the period | - | - | - | - | - | 4,143,351 | 4,143,351 | 4,143,351 | 4,143,351 |
Other comprehensive income for the period | - | - | 7,804,560 | 7,804,560 | - | - | - | 7,804,560 | 7,804,560 |
Total comprehensive income for the period | - | - | 7,804,560 | 7,804,560 | - | 4,143,351 | 4,143,351 | 11,947,911 | 11,947,911 |
Balance as at 31 December 2024 - (un-audited) | |||||||||
3,515,999 | 5,499,530 | 36,123,927 | 41,623,457 | 76,415,028 | 4,148,640 | 80,563,668 | 122,187,125 | 125,703,124 | |
The annexed notes form an integral part of these unconsolidated condensed interim financial statements.
___________________________ | ____________ | _________________________ |
CHIEF EXECUTIVE OFFICER | DIRECTOR | CHIEF FINANCIAL OFFICER |
NISHAT MILLS LIMITED
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS
FOR THE HALF YEAR ENDED 31 DECEMBER 2024
(UN-AUDITED)
Note
CASH FLOWS FROM OPERATING ACTIVITIES
HALF YEAR ENDED
31 December 31 December
20242023 (Rupees in thousand)
Cash used in operations | 12 |
Finance cost paid
Income tax paid - net
Levy paid
Exchange gain on forward exchange contracts received
Net decrease / (increase) in long term loans
Net decrease / (increase) in long term deposits
Net cash used in operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditure on property, plant and equipment
Proceeds from sale of property, plant and equipment
Investments made
Proceeds from sale of investment
Loan to Nishat Linen (Private) Limited - subsidiary company
Repayment of loan by Nishat Linen (Private) Limited - subsidiary company Interest received
Dividends received
Net cash from / (used in) investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
(12,756,328)
(4,844,546)
(2,059,734)
(1,582)
181,689
37,660
275,725
(19,167,116)
(5,324,973)
72,733
(581,583)
1,779,499
(23,148,641)
23,878,655
465,344
4,574,395
1,715,429
(8,461,753)
(4,429,302)
(1,063,127)
(410,924)
144,984
(7,646)
(4,501)
(14,232,269)
(8,226,185)
62,704
(3,576,221)
-
(25,413,033)
27,303,956
1,668,250
5,458,617
(2,721,912)
Proceeds from long term financing
Repayment of long term financing
Short term borrowings - net
Dividend paid
Net cash from financing activities
Net increase / (decrease) in cash and cash equivalents
Net foreign exchange difference on translating cash and bank balances Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period
-
(1,351,822)
20,309,196
(1,050,517)
17,906,857
455,170
2,713
2,722,355
3,180,238
9,239,145
(1,440,176)
10,805,514
(1,749,293)
16,855,190
(98,991)
(32,704)
2,410,566
2,278,871
The annexed notes form an integral part of these unconsolidated condensed interim financial statements.
_________________________ | _____________ | ________________________ |
CHIEF EXECUTIVE OFFICER | DIRECTOR | CHIEF FINANCIAL OFFICER |
NISHAT MILLS LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
Un-audited | Audited | ||
Note | 31 December | 30 June | |
2024 | 2024 | ||
(Rupees in thousand) | |||
EQUITY AND LIABILITIES | |||
SHARE CAPITAL AND RESERVES | |||
Authorized share capital | |||
1,100,000,000 (30 June 2024: 1,100,000,000) | |||
ordinary shares of Rupees 10 each | 11,000,000 | 11,000,000 | |
Issued, subscribed and paid-up share capital | |||
351,599,848 (30 June 2024: 351,599,848) | |||
ordinary shares of Rupees 10 each | 3,515,999 | 3,515,999 | |
Reserves | 142,451,262 | 138,353,201 | |
Equity attributable to equity holders of the | |||
Holding Company | 145,967,261 | 141,869,200 |
Un-audited | Audited | |||
Note | 31 December | 30 June | ||
2024 | 2024 | |||
(Rupees in thousand) | ||||
ASSETS | ||||
NON-CURRENT ASSETS | ||||
Property, plant and equipment | 8 | 75,083,658 | 71,700,074 | |
Intangible Assets | 701,816 | 677,647 | ||
Right-of-use assets | 1,731,713 | 2,069,327 | ||
Long term investments | 76,785,662 | 70,842,826 | ||
Long term loans | 504,497 | 484,723 | ||
Long term deposits | 576,553 | 625,535 | ||
155,383,899 | 146,400,132 |
CURRENT ASSETS
Non-controlling interest | 13,411,459 | 15,978,611 | |
Total equity | 159,378,720 | 157,847,811 |
LIABILITIES
Stores, spare parts and loose tools Stock-in-trade
Trade debts
Loans and advances
Short term deposits and prepayments Other receivables
Accrued interest
7,924,861
70,044,436
34,993,128
1,120,821
870,350
9,307,190
72,888
7,003,908
51,724,654
38,376,196
816,688
818,434
13,079,543
40,879
NON-CURRENT LIABILITIES | |
Long term financing- secured | 6 |
Lease liabilities
Security deposits
Retirement benefit obligation
Deferred liabilities
CURRENT LIABILITIES
22,007,231
1,314,956
326,610
66,543
8,749,299
32,464,639
23,682,746
1,583,612
288,360
61,630
6,900,539
32,516,887
Short term investments Cash and bank balances
9,585,361
5,649,648
139,568,683
4,264,954
11,180,968
127,306,224
Trade and other payables
Accrued mark-up
Short term borrowings
Current portion of non-current liabilities
Unclaimed dividend
Provision for taxation and levy - net
TOTAL LIABILITIES | |
CONTINGENCIES AND COMMITMENTS | 7 |
TOTAL EQUITY AND LIABILITIES
21,452,088
1,275,146
71,963,188
5,420,197
150,168
2,848,436
103,109,223
135,573,862
294,952,582
19,827,841
1,529,600
53,676,569
5,399,404
142,551
2,765,693
83,341,658
115,858,545
273,706,356 | TOTAL ASSETS | 294,952,582 | 273,706,356 | |
The annexed notes form an integral part of these consolidated condensed interim financial statements.
___________________________ | ____________ | _________________________ |
CHIEF EXECUTIVE OFFICER | DIRECTOR | CHIEF FINANCIAL OFFICER |
NISHAT MILLS LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS
FOR THE HALF YEAR ENDED 31 DECEMBER 2024
(UN-AUDITED)
HALF YEAR ENDED Note 31 December 31 December
20242023
QUARTER ENDED
31 December 31 December
20242023
(Rupees in thousand)
REVENUE | 9 | 104,657,238 |
COST OF SALES | 10 | (88,025,031) |
GROSS PROFIT | 16,632,207 |
102,842,669
(86,152,063)
16,690,606
51,504,590 46,421,526
(43,164,733) (38,666,568)
8,339,857 7,754,958
DISTRIBUTION COST | (6,728,087) | |||
ADMINISTRATIVE EXPENSES | (2,333,313) | |||
OTHER EXPENSES | 11 | (4,918,151) | ||
(13,979,551) | ||||
2,652,656 | ||||
OTHER INCOME | 3,626,637 | |||
PROFIT FROM OPERATIONS | 6,279,293 | |||
FINANCE COST | (4,866,864) | |||
1,412,429 | ||||
SHARE OF NET PROFIT / (LOSS) OF ASSOCIATES | ||||
ACCOUNTED FOR USING THE EQUITY METHOD | (129,181) | |||
PROFIT / (LOSS) BEFORE TAXATION AND LEVY | 1,283,248 | |||
LEVY | (1,260,792) | |||
PROFIT / (LOSS) BEFORE TAXATION | 22,456 | |||
TAXATION | (2,164,276) | |||
PROFIT / (LOSS) AFTER TAXATION | (2,141,820) | |||
SHARE OF PROFIT / (LOSS) ATTRIBUTABLE TO: | ||||
EQUITY HOLDERS OF HOLDING COMPANY | (788,857) | |||
NON-CONTROLLING INTEREST | (1,352,963) | |||
(2,141,820) | ||||
EARNINGS / (LOSS) PER SHARE- BASIC AND DILUTED | ||||
(5,679,164)
(2,035,512)
(126,380)
(7,841,056)
8,849,550
2,984,149
11,833,699
(5,347,372)
6,486,327
1,669,354
8,155,681
(1,739,547)
6,416,134
(458,775)
5,957,359
4,822,480
1,134,879
5,957,359
(3,330,755)
(1,221,871)
(4,905,059)
(9,457,685)
(1,117,828)
1,663,469
545,641
(2,024,816)
(1,479,175)
(1,341,273)
(2,820,448)
(741,773)
(3,562,221)
(1,725,582)
(5,287,803)
(3,125,090)
(2,162,713)
(5,287,803)
(3,063,731)
(1,050,860)
(26,061)
(4,140,652)
3,614,306
1,445,774
5,060,080
(2,841,969)
2,218,111
614,410
2,832,521
(1,021,711)
1,810,810
(87,795)
1,723,015
1,302,508
420,507
1,723,015
(RUPEES) | 12 | (2.24) |
13.72
(8.89)3.70
The annexed notes form an integral part of these consolidated condensed interim financial statements.
___________________________ | __________ |
CHIEF EXECUTIVE OFFICER | DIRECTOR |
_________________________
CHIEF FINANCIAL OFFICER
NISHAT MILLS LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY
FOR THE HALF YEAR ENDED 31 DECEMBER 2024 (UN-AUDITED)
Attributable to equity holders of the holding company | ||||||||||||||||||
Capital reserves | Revenue reserves | Non- | ||||||||||||||||
Share | Premium on | Fair value | Exchange | Capital | Total reserves | Shareholders' | controlling | Total equity | ||||||||||
reserve | Statutory | Maintenance | Overhauling | Unappropriated | ||||||||||||||
capital | issue of right | translation | redemption | Sub total | General reserve | Sub total | equity | interest | ||||||||||
FVTOCI | reserve | reserve | Reserve | profit / (loss) | ||||||||||||||
shares | reserve | reserve fund | ||||||||||||||||
investments | ||||||||||||||||||
------------------------------------------------------------------------------------------------------------------------------------------------ | (Rupees in thousand)-------------------------------------------------------------------------------------------------------------------------------- | |||||||||||||||||
Balance as at 30 June 2023- (Audited) | 3,515,999 | 5,499,530 | 1,306,117 | 726,591 | 13,424 | 111,002 | 1,344,863 | - | 9,001,527 | 97,449,214 | 11,560,332 | 109,009,546 | 118,011,073 | 121,527,072 | 14,639,269 | 136,166,341 | ||
Transaction with owners - Dividend relating to | ||||||||||||||||||
year 2023 paid to non-controlling interest | - | - | - | - | - | - | - | - | - | - | - | - | (520,367) | (520,367) | ||||
Transaction with owners- Final dividend for the | ||||||||||||||||||
year ended 30 June 2023 @ Rupees 5.00 per | ||||||||||||||||||
share | - | - | - | - | - | - | - | - | - | - | (1,757,999) | (1,757,999) | (1,757,999) | (1,757,999) | - | (1,757,999) | ||
Transferred to general reserve | - | - | - | - | - | - | - | - | - | 9,802,000 | (9,802,000) | - | - | - | - | - | ||
Profit for the period | - | - | - | - | - | - | - | - | - | - | 4,822,480 | 4,822,480 | 4,822,480 | 4,822,480 | 1,134,879 | 5,957,359 | ||
Other comprehensive income / (loss) for the | ||||||||||||||||||
period | - | - | 7,824,270 | (50,380) | - | - | - | - | 7,773,890 | - | (295) | (295) | 7,773,595 | 7,773,595 | - | 7,773,595 | ||
Total comprehensive income / (loss) for the | ||||||||||||||||||
period | - | - | 7,824,270 | (50,380) | - | - | - | - | 7,773,890 | - | 4,822,185 | 4,822,185 | 12,596,075 | 12,596,075 | 1,134,879 | 13,730,954 | ||
Transfer of Maintenance Reserve | - | - | - | - | - | - | (189,156) | - | (189,156) | - | 189,156 | 189,156 | - | - | - | - | ||
Balance as at 31 December 2023- (Un- | ||||||||||||||||||
audited) | 3,515,999 | 5,499,530 | 9,130,387 | 676,211 | 13,424 | 111,002 | 1,155,707 | - | 16,586,261 | 107,251,214 | 5,011,674 | 112,262,888 | 128,849,149 | 132,365,148 | 15,253,781 | 147,618,929 | ||
Transfer of maintenance reserve | - | - | - | - | - | - | (77,377) | - | (77,377) | - | 77,377 | 77,377 | - | - | - | - | ||
Transferred to statutory reserve | - | - | - | - | 1,019 | - | - | 1,019 | - | (1,019) | (1,019) | - | - | - | - | |||
Transaction with owners- Dividend relating to | ||||||||||||||||||
year 2023 paid to non-controlling interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | (780,643) | (780,643) | ||
Profit for the period | - | - | - | - | - | - | - | - | - | - | 3,045,743 | 3,045,743 | 3,045,743 | 3,045,743 | 1,505,473 | 4,551,216 | ||
Other comprehensive income / (loss) for the | ||||||||||||||||||
period | - | - | 6,460,049 | (13,247) | - | - | - | - | 6,446,802 | - | 11,507 | 11,507 | 6,458,309 | 6,458,309 | - | 6,458,309 | ||
Total comprehensive income / (loss) for the | ||||||||||||||||||
period | - | - | 6,460,049 | (13,247) | - | - | - | - | 6,446,802 | - | 3,057,250 | 3,057,250 | 9,504,052 | 9,504,052 | 1,505,473 | 11,009,525 | ||
Balance as at 30 June 2024- (Audited) | ||||||||||||||||||
3,515,999 | 5,499,530 | 15,590,436 | 662,964 | 14,443 | 111,002 | 1,078,330 | - | 22,956,705 | 107,251,214 | 8,145,282 | 115,396,496 | 138,353,201 | 141,869,200 | 15,978,611 | 157,847,811 | |||
Transaction with owners- Final dividend for the | ||||||||||||||||||
year ended 30 June 2024 @ Rupees 3.00 per | ||||||||||||||||||
share | - | - | - | - | - | - | - | - | - | - | (1,054,800) | (1,054,800) | (1,054,800) | (1,054,800) | - | (1,054,800) | ||
Transferred to general reserve | - | - | - | - | - | - | - | - | - | 7,090,000 | (7,090,000) | - | - | - | - | - | ||
Transfer of maintenance reserve | - | - | - | - | - | - | (13,054) | - | (13,054) | - | 13,054 | 13,054 | - | - | - | - | ||
Extinguishment of maintenance reserve for the | ||||||||||||||||||
purpose of creating the overhauling reserve | ||||||||||||||||||
pursuant to the Amendment Agreement | ||||||||||||||||||
- | - | - | - | - | - | (1,065,276) | (1,065,276) | - | 1,065,276 | 1,065,276 | - | - | - | - | ||||
Transfer to overhauling reserve | - | - | - | - | - | - | - | 1,732,541 | 1,732,541 | (1,732,541) | - | (1,732,541) | - | - | - | - | ||
Transaction with owners - Dividend relating to | ||||||||||||||||||
year 2024 and year 2025 paid to non-controlling | ||||||||||||||||||
interest | - | - | - | - | - | - | - | - | - | - | - | - | (1,214,189) | (1,214,189) | ||||
Profit / (Loss) for the period | - | - | - | - | - | - | - | - | - | - | (788,857) | (788,857) | (788,857) | (788,857) | (1,352,963) | (2,141,820) | ||
Other comprehensive income for the period | - | - | 5,931,197 | 10,521 | - | - | - | - | 5,941,718 | - | - | - | 5,941,718 | 5,941,718 | - | 5,941,718 | ||
Total comprehensive income / (loss) for the | ||||||||||||||||||
period | - | - | 5,931,197 | 10,521 | - | - | - | - | 5,941,718 | - | (788,857) | (788,857) | 5,152,861 | 5,152,861 | (1,352,963) | 3,799,898 | ||
Balance as at 31 December 2024- (Un- | ||||||||||||||||||
audited) | 3,515,999 | 5,499,530 | 21,521,633 | 673,485 | 14,443 | 111,002 | - | 1,732,541 | 29,552,634 | 112,608,673 | 289,955 | 112,898,628 | 142,451,262 | 145,967,261 | 13,411,459 | 159,378,720 | ||
The annexed notes form an integral part of these consolidated condensed interim financial statements. | ||||||||||||||||||
______________________________ | ____________ | ______________________________ | ||||||||||||||||
CHIEF EXECUTIVE OFFICER | DIRECTOR | CHIEF FINANCIAL OFFICER |
NISHAT MILLS LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS
FOR THE HALF YEAR ENDED 31 DECEMBER 2024
(UN-AUDITED)
Note
HALF YEAR ENDED
31 December 31 December
20242023
(Rupees in thousand)
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Cash used in operations | 13 | (5,314,463) | (5,363,921) | |
Finance cost paid | (5,094,550) | (4,683,293) | ||
Income tax paid | (2,279,133) | (1,629,867) | ||
Long term security deposits - net | 38,250 | 8,350 | ||
Exchange gain on forward exchange contracts received | 181,689 | 144,985 | ||
Net increase in retirement benefit obligation | 4,036 | 332 | ||
Net increase in long term loans | (13,658) | (16,555) | ||
Net decrease / (increase) in long term deposits | 265,472 | (20,389) | ||
Net cash used in operating activities | (12,212,357) | (11,560,358) |
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditure on property, plant and equipment Proceeds from sale of property, plant and equipment Dividends received
Loans and advances to associated company Repayment of loan by associated company Interest received
Proceeds from sale of investments Investments made
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from long term financing Repayment of long term financing Repayment of lease liabilities
Exchange differences on translation of net investments in foreign subsidiaries
Short term borrowings - net Dividend paid
Net cash from financing activities
Net decrease in cash and cash equivalents
Net foreign exchange difference on translating cash and bank balances
Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period
(5,897,806)
74,635
3,009,964
-
8,000
221,319
15,120,744
(20,293,763)
(7,756,907)
-
(1,354,560)
(532,185)
10,521
18,572,827
(2,261,372)
14,435,231
(5,534,033)
2,713
11,180,968
5,649,648
(8,698,262)
73,119
4,838,637
(25,280)
-
365,870
151,507,427
(157,039,774)
(8,978,263)
9,239,145
(1,443,423)
(482,846)
(50,380)
13,977,467
(2,268,443)
18,971,520
(1,567,101)
(32,704)
9,159,628
7,559,823
The annexed notes form an integral part of these consolidated condensed interim financial statements.
____________________________ | ____________ | ________________________ |
CHIEF EXECUTIVE OFFICER | DIRECTOR | CHIEF FINANCIAL OFFICER |