PAKISTAN CABLES LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UNAUDITED)
FOR THE NINE MONTHS ENDED MARCH 31, 2025
Nine months period ended | Three months period ended | ||||
March 31, | March 31, | March 31, | March 31, | ||
Note | 2025 | 2024 | 2025 | 2024 | |
(Restated) | (Restated) | ||||
----------------------------------- | (Rupees in '000) ---------------------------------- |
Revenue from contracts with customers | 19 | 22,244,659 |
Cost of sales | (19,909,571) | |
Gross profit | 2,335,088 | |
Marketing, selling and distribution expenses | 20 | (797,614) |
Administrative expenses | 21 | (281,847) |
Impairment reversal / (loss) on trade debts | 7.2 | 14,096 |
(1,065,365) | ||
Finance cost | 22 | (1,811,398) |
Other expenses | 23 | (17,699) |
(1,829,097) | ||
Other income | 24 | 210,730 |
Share of profit from associate | ||
the equity basis of accounting | 44,499 |
19,556,911
(17,027,543)
2,529,368
(715,146)
(255,495)
(25,048)
(995,689)
(1,259,016)
(41,747)
(1,300,763)
81,965
-
6,530,896
(5,849,057)
681,839
(242,197)
(94,231)
588
(335,840)
(552,494)
(5,958)
(558,452)
75,620
44,499
6,667,402
(5,927,912)
739,490
(216,602)
(86,367)
(8,533)
(311,502)
(434,176)
(136)
(434,312)
35,256
-
(Loss) / profit before levies and income tax | (304,145) | 314,881 | (92,334) | 28,932 | |||||
Levies - final tax | (17,396) | (12,363) | (5,061) | (3,327) | |||||
(Loss) / profit before income tax | (321,541) | 302,518 | (97,395) | 25,605 | |||||
Income tax credit / (expense) | 25 | 60,555 | (47,821) | 23,068 | 11,121 | ||||
(Loss) / profit after tax for the period | (260,986) | 254,697 | (74,327) | 36,726 | |||||
--------------------------------------- | (Rupees) | --------------------------------------- | |||||||
(Loss) / earnings per share - basic and diluted | 26 | (4.79) | 4.68 | (1.36) | 0.67 | ||||
The annexed notes from 1 to 31 form an integral part of these condensed interim financial statements.
Chief Executive Officer | Director | Chief Financial Officer |
PAKISTAN CABLES LIMITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
AS AT MARCH 31, 2025
(Unaudited) | (Audited) | |||
Note | March 31, | June 30, | ||
2025 | 2024 | |||
ASSETS | (Rupees in '000) | |||
Non-current assets | ||||
Property, plant and equipment | 4 | 15,235,741 | 16,631,645 | |
Right-of-use assets | 80,079 | 97,698 | ||
Intangible assets | 22,562 | 17,716 | ||
Investment in associate | 5 | 92,949 | - | |
Long-term loans receivable | 7,943 | 11,751 | ||
Long-term deposits | 18,528 | 7,718 | ||
15,457,802 | 16,766,528 |
Current assets | ||
Stores and spares | 100,053 | |
Stock-in-trade | 6 | 6,465,237 |
Trade debts | 7 | 8,240,716 |
Short-term loans and advances | 8 | 124,576 |
Short-term deposits and prepayments | 9 | 62,012 |
Short-term investment | 101,572 | |
Other receivables | 10 | 1,140,201 |
Taxation - payments less provisions | 1,043,252 | |
Cash and bank balances | 11 | 309,695 |
17,587,314 | ||
Assets classified as held for sale | 12 | 3,361,945 |
20,949,259 |
81,616
5,100,736
6,370,762
47,019
40,369
124,002
908,221
575,912
236,057
13,484,694
1,419,385
14,904,079
Total assets | |
EQUITY AND LIABILITIES | |
Share capital and reserves | |
Authorised share capital | |
100,000,000 (June 30, 2024: 100,000,000) ordinary shares of Rs. 10 each | |
Issued, subscribed and paid-up capital | |
Capital reserves | |
Share premium reserve | |
Revaluation surplus on property (land and building) - net of tax | |
Revenue reserves | |
General reserve | |
(Accumulated loss) / un-appropriated profit | |
Total shareholders' equity | |
Non-current liabilities | |
Long-term financing - secured | 13 |
Deferred income - Government grant | |
Lease liabilities | |
Staff retirement benefits | |
Staff compensated absences | |
Deferred taxation | 14 |
Current liabilities | |
Current portion of long-term financing | 13 |
Current portion of lease liabilities | |
Trade and other payables | 15 |
Short-term borrowings - secured | 16 |
Contract liabilities | 17 |
Advance against assets classified as held for sale | 12 |
Unclaimed dividend | |
Accrued mark-up | |
Total liabilities | |
Contingencies and commitments | 18 |
Total equity and liabilities |
36,407,061
1,000,000
544,574
1,595,139
4,293,140
2,943,000
(279,880)
9,095,973
7,266,409
431,221
63,256
61,296
1,796
70,279
7,894,257
459,220
18,166
5,720,075
10,707,707
762,150
1,430,765
33,220
285,528
19,416,831
27,311,088
36,407,061
31,670,607
1,000,000
495,067
1,595,139
4,597,117
2,618,000
374,778
9,680,101
6,924,567
488,042
84,636
54,509
4,892
194,057
7,750,703
195,817
14,717
4,287,551
7,888,660
771,558
547,449
33,206
500,845
14,239,803
21,990,506
31,670,607
The annexed notes from 1 to 31 form an integral part of these condensed interim financial statements.
-
-
Chief Executive Officer | Director | Chief Financial Officer |
PAKISTAN CABLES LIMITED
CONDENSED INTERIM STATEMENT OF CASH FLOWS (UNAUDITED)
FOR THE NINE MONTHS ENDED MARCH 31, 2025
Nine months period ended | ||||
Note | March 31, | March 31, | ||
2025 | 2024 | |||
(Rupees in '000) | ||||
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Cash used in operations | 27 | (400,271) | (99,960) | |
Gratuity paid | (1,105) | (5,468) | ||
Finance costs paid | (1,910,229) | (1,001,081) | ||
Income tax and levies paid - net | (460,448) | (401,760) | ||
Long-term loans receivable | 3,808 | 1,190 | ||
Long-term deposits | (10,810) | (1,256) | ||
Net cash used in operating activities | (2,779,055) | (1,508,335) |
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditure including intangible assets Proceeds from disposal of fixed assets Proceeds from assets classified as held for sale Dividend received
Investment in associated company Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
(1,284,061)
9,779
883,316
2,218
(48,450)
(437,198)
(3,000,126)
214,512
-
-
-
(2,785,614)
Long-term loans obtained | 1,348,800 | |
Repayment of long term-loans | (846,346) | |
Lease rentals paid | (31,624) | |
Short-term borrowings - secured | 2,774,288 | |
Dividend unclaimed / (paid) | 14 | |
Net cash generated from financing activities | 3,245,132 | |
Net increase / (decrease) in cash and cash equivalents | 28,879 | |
Cash and cash equivalents at beginning of the period | (2,397,603) | |
Cash and cash equivalents at end of the period | 28 | (2,368,724) |
2,635,952
(357,018)
(29,154)
285,000
(109)
2,534,671
(1,759,278)
(969,222)
(2,728,500) ,
The annexed notes from 1 to 31 form an integral part of these condensed interim financial statements.
Chief Executive Officer | Director | Chief Financial Officer |
PAKISTAN CABLES LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UNAUDITED) FOR THE NINE MONTHS ENDED MARCH 31, 2025
Balance as at July 01, 2023
Total comprehensive income for the period from July 2023 to March 2024
- Profit after tax
- Other comprehensive loss - net of tax
Transfer from surplus on revaluation of building - net of deferred tax
Transfer to general reserve for the year ended June 30, 2023
Share Capital | Capital reserves | Revenue reserves | Total | |||||
Issued, | Share | Surplus on | General | Un- | ||||
subscribed | premium | revaluation | reserve | appropriated | ||||
and paid-up | reserve | of assets - | profit / | |||||
capital | net of tax | (accumulated loss) | ||||||
------------------------------------------------- | (Rupees in'000)---------------------------------------------- | |||||||
495,067 | 1,595,139 | 4,785,350 | 1,975,000 | 643,510 | 9,494,066 |
- | - | - | - | 254,697 | 254,697 | |||||
- | - | (171,804) | - | 43,582 | (128,222) | |||||
- | - | (171,804) | - | 298,279 | 126,475 | |||||
- | - | (13,188) | - | 13,188 | - | |||||
- | - | - | 643,000 | (643,000) | - |
Balance as at March 31, 2024 | 495,067 | 1,595,139 | 4,600,358 | 2,618,000 | 311,977 | 9,620,541 | |||||
Balance as at July 31, 2024 | 495,067 | 1,595,139 | 4,597,117 | 2,618,000 | 374,778 | 9,680,101 |
Total comprehensive loss for the period from July 2024 to March 2025
- Loss after tax
- Other comprehensive loss - net of tax
Transfer from surplus on revaluation of building - net of deferred tax
10% bonus shares issued - for the year ended June 30, 2024
Transfer to general reserve for the year ended June 30, 2024
-
-
-
-
49,507
-
-
-
-
-
-
-
-
(300,713)
(300,713)
(3,264)
-
-
- (260,986)
- (22,429)
- (283,415)
- 3,264
-
(49,507)
325,000 (325,000)
(260,986)
(323,142)
(584,128)
-
-
-
Balance as at March 31, 2025 | 544,574 | 1,595,139 | 4,293,140 | 2,943,000 | (279,880) | 9,095,973 | |||||
The annexed notes from 1 to 31 form an integral part of these condensed interim financial statements.
Chief Executive Officer | Director | Chief Financial Officer |