CS/PSX/REV-1IYR-3QTR-24/25
May 14, 2025
Ilafiz Maqsood Munshi
Head of Listed Companies Compliance Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi.
FINANCIAL RESULTS FOR THE PERIOD ENDED JUNE 30. 2024 AND SEPTEMDER 30, 2024, PIA HOLDINCi C€1MPANY LIMITED
Dear Sir,
Please refer to Pakistan Stock Exchange (PSX)’s E-Mail dated April 30, 2025 on the abovementioned subject.
This is to inform you that requisite information as highlighted by PSX were already worked out but inadvcrtently missed out in the financial statements. We have got the relevant sections of financial staiements for the period ended June 30, 2024 and September 30, 2024 reviewed by the Board through circulation, whereby the Board has approved the proposed amendments.
As highlighted by PSX, the complete financial statements including relevant revised pages of Half Yearly Financial Statements for the period ended June 30. 2024 and 1“hird Quarterly financial Statements for the period ended September 30, 2024 are being transmitted through PUCARS. It is to be noted that the only change that has been incorporated in the Financial Statements is inclusion of Earnings/Loss Per Share (EPS) information in the Statements of Profit or Loss for the stated periods.
You may please inform the TRE Certificate Holders of the Exchange accordingly.
Yours truly.
Rao Muhammad Imraii Company Secretary
Encl: As stated above
Registered Address: 4* Ploor, PIA Buil ding, 49-AKM Pazol-e-IJaq Road, BLuc Arca. lslamabad
Liaison Office Address: Company Sccrcthty, 1st Ploor, Executive Corridor. PIA Head Office. Karachi-Airport
PIA HOLDING COMPANY LIMITED
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED)
AS AT 30 JUNE 2024
NOt6 | (Rupees in ’000) | ||
ASSETS | |||
NOhl-CURRENT ASSETS | |||
Property, plant and equipment | 109,g42 | ||
Investment property | 7 | 9,682,707 | |
Long-term investments | 8 | 56,905,865 | |
Long-term loan to subsidiaries | 9 | 3,910,769 | |
CURRENT ASSETS | 70,608,983 | ||
Stores and spares | 1.3 | 154,445 | |
Trade debts | 10 | ||
Advances | 1.3 | 23,330 | |
Trade deposits and short-term prepayments | 1.3 | 1,679 | |
Other receivables | 11 | 11,198,055 | |
Bank balances - current account | 39,463 | ||
11,416,972 | |||
TOTALASSETS | 82,025,955 | ||
EQUITY AND LlABlLlTiEs | |||
SHARE CAPITAL AND RESERVES | |||
Share capital | 12 | 52,345,121 | |
Reserves | (657,574,162) | ||
NON CURRENT LIABILITIES | (605,229,041) | ||
Long-term financing | 13 | 377,393,154 | |
Long-term advance from subsidiaries | 14 | 11,345,199 | |
388,738,353 | |||
CURRENT LIABILITIES | |||
Trade and other payaDles | 1L | 212,991,593 | |
Accrued interest | 16 | 68,525,050 | |
Short-term borrowings | 17 | 17,000,000 | |
298,516,643 | |||
TOTAL EQUITY AND LIABILITIES | 82,025,955 | ||
CONTINGENCIES | 18 |
The annexed notes from 1 to 24 form an integral part of these unconsolidated condensed interim financial statements.
ef
ecutive Officer
Director
PIA HOLDING COMPANY LIMITED
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED)
FOR THE PERIOD FROM 01 MAY 2024 TO 30 JUNE 2024
Note
(Rupeesin'000)
General and aciministrative expenses Other income
F in ance costs
Loss before taxation
Taxaton
Net loss for the period
Loss per share - basic and dil uted
Loss attributable to:
A’ class ordinary shares of Rs 10›- eacn B class ordinary shares of Rs 5/- each
19 (983,7B7)
15,758
20 (3,077,796)
(4,045,825)
(4,045,825)
--- (Rupees) -----
(0.77)
_ _ (0.39j
The annexed notes from 1 to 24 form an integral part of these unconsolidated ccndensed interim financial statements
hief Executive Officer
Director
2
PIA HOLDING COMPANY LIMITE D
UNCONS OLIDATED CONDENSED INTERM STATEMENT OF COMPREHENSIVE INCOME (UN -AUDITED)
FOR THE PEFtIOD FROM 01 MAY 2024 TO 30 JUNE 2024
(Rupees in '000)
Net loss for the period
Other comprehensive inccme
Total comprehensive loss for the period
(4,045,825)
(4,045,825)
The annexed notes from 1 to 24 form an integral part of these unconsoLdated condensed interim financial statements
Chief Executive Officer Director
3
PIA HOLDING COMPANY LIMITED
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES m Eouiw (u -AUDITED)
FOR THE PERIOD FROM 01 MAY 2024 TO SO JUNE 2024
Reserves
Share capital
Demerger Accumulated
Total reserves Total equity
reserve loss
-----•------••- •- -- ---- (Rupees In ’000) ---••-------•------------—----
Ordinary shares under the Scheme (note 1.3) Reserve under the Scheme (note 1.3)
otal comprehensive loss for the period
Balance as at 30 June 2024
52,345,12 (653 528,337) (4.045,825) (657.574,162)
52,345,121 | 52,345,121 | |||
(653,528.337) | (653,528,337) | (653.528.337) | ||
(4,045,825) | (4,045,825) | (4,045,825) |
52,345,121 (653.528,337) (4,045,825) (657,574,162)
(605,229.041)
(605.229,041)
Chief Financial Officer
The annexed notes from 1 to 24 form an integral part of these unconsolidated condensed interim financial statements.
Chief Executive Officer
PIA HOLDING COMPANY LIMITE D
UNCONSOLIDATED CONDENSEO INTERM STATEMENT OF CASH FLOWS (UN-AUDITED)
FOR THE PERIOD FROM 01 MAY 2024 TO 30 JUNE 2024
(Rupees in ’000)
CASH FLOWS FROM OPERATING ACTIVITIES
Loss before :axation
(4,045,825)
Adjustments for: | ||
Depreciation | 145,983 | |
Finance costs | 3,077,796 | |
(822,046) | ||
Working Capital Chan ges: | ||
Other receivables | (15,758) | |
Trade and ether payables | 835,797 | |
820,039 |
Decrease in cash and cash equivalents during the period
Cash and cash equivalents acquired under the Scheme
Cash and cash equivalents at end of the period
(2,007)
41,470
39,463
Chief Financial fficer
The annexed notes from 1 to 24 form an integral part of these unconsoLdated comet sed interim financial statements
Director
PIA HOLDING COMPANY LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED)AS AT JUNE 30, 2024
ASSETS
NON-CURRENT ASSETS
Property, plant and equipment Investment property Intangibles
Long-term investments
Receivable in respect of Centre Hotel Derivative
Long-term deposits and prepayments
CURRENT ASSETS
Stores and spares Trade debts
Advances -
Trade deposits and short-term prepayments Restricted cash
Other receivables
Cash and bank balances
TOTAL ASSETS
EQUITY AND LIABILITIESSHARE CAPITAL AND RESERVES
Issued, subscribed and paid-up share capital Reserves
Surplus on revaluation of property, plant and equipment - net
Attributable to the Holding Company's shareholders Non-controlling interest
NON-CURRENT LIABILITIES
Long-term financing Lease liabilities
Long-term advances and deposits Deferred taxation
Deferred liabilities
CURRENT LIABILITIESTrade and other payables Accrued interest
Provision for taxation - net Short-term borrowings Current maturities
TOTAL EQUITY AND LIABILITIES
CONTINGENCIES AND COMMITMENTS
Note ---- (Rs in ’000) ----
4 303,903,906
10,290,172
9,204,653
5 291,092
6 2,102,648
141,535
6,747,345
4,204,155
16,851,567
5,968,878
6,673,627
6,706,104
17,531,230
8,656,345
332,681,351
7
8
9
66,591,906
399,273,257
52,345,121
(759,812,624)
138,678,098
(568,789,405)
5,803,199
(562,986,206)
420,920,485
17,303,840
138,988
40,313,320
33,488,271
10
11
512,164,904
344,052,620
68,740,452
4,989,702
24,000,000
8,311,785
12
13
14
450,094,559
399,273,257
15
Chief Financial Offic r
The annexed notes from 1 to 24 form an integral part of these consolidated financial statements.
Chie x utive OfficerCh” Executive Officer
PIA HOLDING COt¥PANY LIMITED
co«soctoATeo co OENSED IMTERJM STA1EMENT OF PROFIT AND LOSS ‹tlN-hl/DlTEDj
FOR THE SIX MOMTHS PERIOD ENOED JUNE 30. 2024
Halo — (Rs in "000) - --
Rovenue - net
Groee Profit
FJtstnbution cost6 Administrative expei›sos
Oine‹ prov•sicns and adjustments
Profit from operations
Financ • costs
Sl1are of profil ‹it ai› »ssoctase Loaa before taxation
Tovation
Lacs for the year
Aitr›outable to.
Equity hot0grs of tI+o HcrtdWy CcNoi›-contrcdllng inteiesi
Loas per share • baelc and diluted
'A‘ class Ordinary shares of Its. TO cncf› 'B’ class OitJlnury sharas cf Ra. 4 ooch
*.973.365) (9.0oC.821j (470.704)
›.554.4d2
‹ t 3.7Sb.•14I)
t0.367,978
(1,g ,4g • )
9.277.5C7
la ( 14.7g ,4tj6)
6 11
(5.5 3. G0j
19 I 1.662 t50›
75
(7.14 1.368)
(33.35Si
7. 79 327)
The annexed tubes from io y‹ f ‹m o‹ ‹niagral pori ‹›f Il›ese consolidaoc rir›onciaJ statemonic
ief xecutive Officer
Chief Financial Officer
hief Executive Officer
PIA HOLDING COMPANY LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (Un-Audited)FOR THE SIX MONTHS PERIOD ENDED JUNE 30, 2024
---- (Rs in '000) ---- | |
Loss for the period | (7,175,327) |
Other comprehensive income / (loss) | |
Exchange differences on translation of foreign operations | (637,540) |
Surplus on revaluation of property, plant and equipment - net of tax. | (879,077) |
Remeasurement of post retirement defined benefits obligation - net of tax | (23,947) |
Total comprehensive loss for the period | (8,715,891) |
Attributable to: | |
Equity holders of the Holding Company | (8,608,324) |
Non-controlling interest | (107,567) |
8 71 891 |
The annexed notes from 1 to 24 form an integral part of these consolidated financial statements.
C
xecutive Officer
Chief Financial Offi er
Chief Financial Off cer
Ch“
E ecutive Officer
Director
PIA HOLDING COMPANY LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS (Un-Audited) FOR THE SIX MONTHS PERIOD ENDED JUNE 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES | Note | ---- (Rs in '000) ---- |
Cash generated from operations | 20 | 11,797,611 |
Profit on bank deposits received | 49,504 | |
Finance costs paid | (3,550,751) | |
Taxes paid | (31,837) | |
Staff retirement benefits paid | (1,336,366) | |
Long-term deposits and prepayments - net | (700,578) | |
Net cash used in operating activities | 6,227,583 | |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Purchase of property, plant and equipment | (184,055) | |
Restricted Cash | 3,147,886 | |
Marketable Securities | (2,103,908) | |
Purchase of intangibles | 1 | |
Proceeds from sale of property, plant and equipment | 1,526,993 | |
Net cash used in investing activities | 2,386,917 | |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Long-term Financing - Net | (10,692,236) | |
Proceeds of short term loan | 7,000,000 | |
Repayments of lease liabilities | (4,021,398) | |
Net cash generated from financing activities | (7,713,634) | |
(Decrease) / increase in cash and cash equivalents | 900,866 | |
Cash and cash equivalents at beginning of the year | 7,932,285 | |
Effects of exchange rate changes on cash and cash equivalents | (176,806) | |
Cash and cash equivalents at end of the period | 8,656,345 | |
Cash and cash equivalents | ||
Cash and bank balances | 9 | 8,656,345 |
8,656,345 | ||
The annexed notes from 1 to 24 form an integral part of these consolidated financial statements. |
Chief Financia
fficer
x'écutive Officer
Chief Financial Offi'cer
Ch”
Executive Officer
DirectorPIA HOLDING COMPANY LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED) FOR THE SIX MONTHS PERIOD ENDED JUNE 30, 2024
AWrlbutable to the Holding Company's shareholders
capnal Reserves | Revenue Reserves | Otner component of equity | ||||||||||||
Share capKal | Reserve for replacement of fixed asseta | Capital redemption reeervefund | General capital reserve | Legal reserve | Hedging Reserve | General reserves | Accumulated losses | Unrealleed gain on remeaeur-ement of Investment at | Foreign currency translation re+erves | Actuarial galn / (loeal on defined benefit plan | Non -controlling Interest | Revaluation of pppg/ty p/gttt and equipment | Total | |
(7,141,368 | (30,549) | (554,067 (23,947 | (33,9 9) (73,608) | (1,493,238 879,’077 | (7,175,327 (584,616 (2,130,777 879,077 (23,947 |
.. ...-. -....-- . .- - .. ..--. .-....-... - .-....(Rppgg@jp'Q Q)-...--...--....--....- .----..--- .- ..-......... .... ..... ... .._.....
Balance as at January 01, 2024 | 52,345,110 | 1,966,779 | 250,000 | 281259 | 96,027 | 118,069 | 1,779,674 | (759,941,889) | 197,195 | 15,568,859 | (11,817,734) | 5,910,766 | 139,292,259 | (553,950.,626) | |
addition - scheme of arrangment | 11 | 11 | |||||||||||||
Total cozriprehensive income ter the | |||||||||||||||
Period ended June 30, 202J: | |||||||||||||||
Loss for the period | |||||||||||||||
- Other comprehensive income | |||||||||||||||
- Currency translation differences | |||||||||||||||
- Surplus arising on property, planf‘and equipment | |||||||||||||||
during the year - net of tax | |||||||||||||||
- Revaluation reserved realized | |||||||||||||||
- Remeasurement of post retirement defined benefits obligation- net off deferred tax | |||||||||||||||
- Unrealised gain on remeasurement of investment | |||||||||||||||
Total comprehensive income / (loss) for the period | (7,141,368) | (30,549) | (563,932) | (578,014) | (107,567) | (614,161) | (9,035,591) | ||||||||
Currency translation differences | |||||||||||||||
Surplus on revaluation of property, plant and equipment | |||||||||||||||
realised’during the year on account of incremental depreciation charged thereon - net of tax | |||||||||||||||
Balance as at June 30, 2024 | 52,345,121 | 1,966,779 | 250,000 | 284,259 | 96,027 | 118,069 | 1,779,674 | (767,083,257) | 166,646 | 15,004,927 | (12,395, 748) | 5 803,199 | 138,678,098 | (562,986,206) |
The annexed notes from 1 to 24 form an integral pan of these consolidated financial statements
PIA HOLDING COMPANY LIMITED
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED)
AS AT 30 SEPTEMBER 2024
Note | (Rupees in ’000) | |
ASSETS | ||
NON-CURRENT ASSETS | ||
Property, plant and equipment | 6 | 109,642 |
Investment property | 7 | 9,682,707 |
Long-term investments | 8 | 56,905,865 |
Long-term loan to subsidiaries | 9 | 3,910,769 |
CURRENT ASSETS | 70,608,983 | |
Stores and spares | 1.3 | 154,445 |
Trade debts | 10 | |
Advances | 1.3 | 23,330 |
Trade deposits and sho4-term prepayments | 1.3 | 1,679 |
Other receivables | 11 | 11,383,119 |
Bank balances - current account | 4,521 | |
11,567,093 | ||
TOTAL ASSETS | 82,176,076 | |
EQUITY AND LIABILITIES | ||
SHARE CAPITAL AND RESERVES | ||
Share capital | 12 | 52,345,121 |
Reserves | (662,840,815) | |
(610,495,694) | ||
NON CURRENT LIABILITIES | ||
Long-term financing | 13 | 377,393,154 |
Long-term advance from subsidiaries | 14 | 11,345,199 |
388,738,353 | ||
CURRENT LIABILITIES | ||
Trade and other payables | 15 | 213,776,674 |
Accrued interest | 16 | 73,141,744 |
Short-term borrowings | 17 | 17,000,000 |
303,918,417 | ||
TOTAL EQUITY AND LIABILITIES | 82,161,076 | |
CONTINGENCIES | 18 |
Chief Financial Officer
The annexed notes from 1 to 24 form an integral part of these unconsolidated condensed interim financial statements.
Chef Executive Officer Director
1
PIA I4OLDING COMPANY L)MIT€D
UNCONSOIJDATEO CONDENSED INTI-RIM STATEMENT cF pRoriT oR LOss tue aUtM i tu
FOIL THE PERIOD FROM 0'l MAY 2024 TO 30 GEPTEMBEfit 2034
Ger•eml and adrr nis4rauve oxj o/t9o»
Lacs baforo taxellon
Losa per share - baeic nr›d diluted Loss aaributahla to:
(!*..! I .
Di actor
The annexed rotos from 1 o y4 too nn intogral pa'l c›I t•e6e onconsolkjajod coi jrnvc›u i.Eli ii‹› i T.i.uncial sL,:o ::,' i i •,
PIA HOLDING COMPANY LIMITED
UNCONSOLIDATED CONDENSED INTERM STATEMENT OF COMPREHENSIVE INCOME (UN-AUDITED)
FOR THE PERIOD FROM 01 MAY 2024 TO 30 SEPTEMBER 2024
(Rupees in ’000)
Net loss for the period
Other comprehensive income
Total comprehensive loss for the period
(9,312,478)
(9,312,478)
The annexed notes from 1 to 24 form an integral part of these unconsolidated condensed interim financial statements.
fef Executive Officer
Director
Chief Financial Officer
3
PAKISTAN INTERNATIONAL AIRLINES CORPORATION LIMITED
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)
FOR THE PERIOD FROM 01 MAY 2024 TO 30 SEPTEMBER 2024
Reserves
Share capital
Demerger Accumulated
Total reserves Total equity
52,345,121 | (653,528,337) | (9,312,478) |
reserve loss (Rupees in '000)
Ordinary shares under the Scheme (note 1.3) | 52,345,121 | |||||
Reserve under the Scheme (note 1.3) | (653,528,337) | (653,528,337) | ||||
Total comprehensive loss for the period | (9,312,478) | (9,312,478) | ||||
52,345,121 | (653,528,337) | (9,312,478) | (662,840,815) | (610,495,694) | ||
Balance as at 30 September 2024 | 52 345 121 | (653,528,337) (9,312,478) (662,840,815) | (610,495,694) | |||
The annexed notes from 1 to 24 form an integral part of these unconsolidated condensed interim financial statements
hief Executive Officer
Director
4
PIA HOLDING COMPANY LIMITED
UNCONSOLIDATED CONDENSED INTERM STATEMENT OF CASH FLOWS (UN-AUDITED)
FOR THE PERIOD FROM 01 MAY 2024 TO 30 SEPTEMBER 2024
(Rupees in ’000)
CASH FLOWS FROM OPERATING ACTIVITIES
Loss before taxation (9,312,478)
Adjustments for: | |
Depreciation | 145,983 |
Finance costs | 7,694,490 |
(1,472,005) | |
Working Capital Changes: | |
Other receivables | (185,821) |
Trade and other payables | 1,620,878 |
1,435,057 |
Decrease in cash and cash equivalents during the period
Cash and cash equivalents acquired under the Scheme Cash and cash equivalents at end of the period
(36,948)
41,470
4,522
The annexed notes from 1 to 24 form a'n integral part of these unconsolidated condensed interim financial statements.
ief Executive Officer
5
PIAHOLDINGCOMPANYLIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED)AS AT SEPTEMBER 30, 2024
TOTAL ASSETS
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVESIssued, subscribed and paid-up share capital Reserves
Surplus on revaluation of property, plant and equipment - net
Attributable to the Holding Company's shareholders Non-controlling interest
NON-CURRENT LIABILITIES
Long-term financing Lease liabilities
Long-term advances and deposits
Deferred taxation Deferred liabilities
CURRENT LIABILITIES
Trade and other payables Accrued interest
Provision for taxation - net Short-term borrowings.
Current maturities
TOTAL EQUITY AND LIABILITIESThe annexed notes from 1 to 12 form an integral part of these consolidated financial statements.
Chi
tive Officer
Chief Financial Officer
ecutive Officer
Director
... . . ...ancial Officer
CONTINGENCIES AND COMMITMENTS
66,830,443
Note | ---- (Rs in '000) ---- | |
ASSETS | ||
NON-CURRENT ASSETS | ||
Property, plant and equipment | 4 | 304,923,565 |
Investment property | 10,290,166 | |
lntangibles | 9,200,931 | |
Long-term investments | 5 | 251,092 |
Receivable in respect of Centre Hotel | 2,097,903 | |
Long-term deposits and prepayments | 6,657,356 | |
333,421,013 | ||
CURRENT ASSETS | ||
Stores and spares | 4,493,767 | |
Trade debts | ” | 12,197,149 |
Advances | 7,685,987 | |
Trade deposits and short-term prepayments Other receivables Cash and bank balances | 9,232,230 17,266,708 15,954,602 | |
400,251,456
52,345,121
(757,005,281)
139,317,140
(565,343,020)
5,964,905
(559,378,115)
420,709,215
15,598,970
117,720
39,159,163
32,375,700
507,960,768
339,978,025
73,822,822
5,348,959
24,000,000
8,518,997
451,668,803
400,251,456
6
PIA HOLDING COMPANY LlMfTED
CONSOLIDA FED CONDENSED INTERIf‹9 STATEMEI'4Y OF PROFIT ANU LO6S {IJN-AIy0I”f LU)
FOR THE NINE Modbus ernioo ENDEo sEPTEI¥IBER 30.202d
Nolo
(Rs lit ‘0llQ)
Revenue • net
Cmtdiervwes
Olher provisions and ad|ustmanIs Other Incorrx.
Exo›anqe ksss - not
Loan bafo+a lntecast and tax•zion
Finer ca costs
Unraa!i‹6d less on Investment Pioporty Shaia of prafit in”an associafo
Loos 6ofora taxation
Tax4tloFl
Loce ailñbutsble to:
’A’ dass Ordinary shares of Rs.10 eecn
’B' cls¥c Ordinary sluras of Rs. 5 each
(20.(if J'.I .f !Jf) I
If.!':"..
( 1.7 I "' fis)
(7.'I7"›,.7 it
Tho annexed notes from 1 to t2 form an in‹agraI pen of these consolidated finoncial btuterr•ants. ’
PIA HOLDING COMPANY LIMITED CONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (Un-Audited) FOR THE NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2024 | ||
---- (Rs in ’000) ---- | ||
Loss for the period | (7,475,373) | |
Other comprehensive income / (loss) | ||
Income / (loss) on re-measurement of derivative - net of tax | (302) | |
Exchange differences on translation of foreign operations | 2,347,661 | |
2,347,359 | ||
Unrealised gain on re-measurement of investments | ||
Surplus on revaluation of property, plant and | ||
equipment - net of tax - | (30,549) | |
Remeasurement of post retirement defined | ||
benefits obligation - net of tax | (554,067) | |
Total comprehensive loss for the period | (5,712,630) | |
Attributable to: | ||
Equity holders of the Holding Company | (5,766,769) | |
Non-controlling interest | 54,139 | |
(5,712,630) | ||
The annexed notes from 1 to 12 form an integral part of these consolidated financial statements. |
Chief Financial Officer
Chi
xecutive Officer
Director
PIA HOLDING COMPANY LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS (Un-Audited) FOR THE NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES | Note | ---- (Rs in ’000) ---- |
Cash generated from operations | 8 | 21,040,211 |
Profit on bank deposits received | 59,755 | |
Finance costs paid | (5,092,460) | |
Taxes paid | (66,438) | |
Staff retirement benefits paid | (1,454,056) | |
Long-term deposits and prepayments - net | (772,660) | |
Net cash used in operating activities | 13,714,352 | |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Purchase of property, plant and equipment | (250,263) | |
Purchase of intangibtes | ||
Restricted Cash | 3,083,259 | |
Marketable Securities | 2,288,097 | |
Proceeds from sale of property, plant and equipment | 3,546 | |
Net cash used in investing activities | 5,124,639 | |
CASH FLOWS FROM FINAhfCING ACTIVITIES | ||
Long-term Financing - Net | (10,736,325) | |
Proceeds of short term loan | 7,000,000 | |
Repayments of lease liabilities | (6,056,910) | |
Net cash generated from financing activities | (9,793,235) | |
(Decrease) / increase in cash and cash equivalents | 9,045,756 | |
Cash and cash equivalents at beginning of the year | 6,918,724 | |
Effects of exchange rate changes on cash and cash equivalents | (9,878) | |
Cash and cash equivalents at end of the period | 15,954,602 | |
Cash and cash equivalents | ||
Cash and bank balances | 15,954,602 | |
15,954,602 |
The annexed notes from 1 to 12 form an integral part of these consolidated financial statements.
ef Executive Officer
Chief Financial
Chiéf Finan
Ch”
Executive Officer
Director
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