Additional Statement for Financial Result for the Period Ended December 31, 2024

Aug 28, 2025 at 10:47 AM UTC · Issued by Siddiqsons Tin Plate Limited

SIDDIQSONS TIN PLATE LIMITED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION

AS AT DECEMBER 31, 2024

ASSETS NON-CURRENT ASSETS		- Rupe
Property, plant and equipment	6	3,352,154,409	3,368,557,319
Long-term deposits		10,066,221	10,066,221
		3,362,220,630	3,378,623,540
CURRENT ASSETS
Stores, spares and loose tools
Stock-in-trade	7
Trade debts	8
Advance income tax	g
Loans and advances	10
Trade deposits and prepayments	11
Other financial assets	12
Other receivables
Sales tax adjustable
Cash and bank balances
		1,286,212,283	1,059,897,694
Total assets		4,648,432,914	4,438,521,234
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES
Authorized share capital
600,000,000 (June 30, 2024: 600,000,000) ordinary shares of Rs. 10 each		6 000 000,000	6,000000,000
Share capital	13	2,292,787,700	2,292,787,700
Capital reserve		301,617,286	301,517,286
Revenue reserve		(1,585,960,942)	(1,431,727,445)
		1,008,344,044	1,162,577,541
NON-CURRENT LIABILITY
Long term finance	14	60,484,012	142,200,968
Lease liability 5,875,488 8,727,268

Note

December 31,

2024

(Un-audited)

es --

June 30,

2024

(Audited)

7,748,065	7,748,065
219,486,213	281,427,670
181,056,514	38,163,245
227,009,001	221,151,176
31,427,672	5,951,499
40,696,022	40,696,022
214,564,407	264,564,407
31,380,496	10,841,059
110,997,350	145,473,817
221,846,544	43,880,734

CURRENT LIABILITIES		66,359,500	150,928,236
Trade and other payables	15
Contract liabilities
Due to director
Due to associate	16
Interest / mark-up accrued on borrowings	17
Short-term borrowings	18
Currant portion of long term finances	14
Current portion of Lease liability
Unclaimed dividend

Total equity and liabilities

CONTINGENCIES AND COMMITMENTS 19

DIRECT

The annexed notes 1 to 26 form an integral part of these condenser rim fi ancial statements.

3,573,729,370

4,648,432,914

3,125,015,457

1,063,865,263	1,019,149,745
13,023,283	30,021,205
134,990,000	352,000,000
1,297,605,361	53,236,586
70,876,637	106,805,431
946,342,664	1,490,019,036
40,902,973	68,720,629
4,328,264	3,2d7,901
1,794,924	1,794,924

4,438,521,234

CHIEF FINANCIAL OFFICER

CHIEF XECUTIVE OFFICER

SIDDIQSONS TIN PLATE LIMITED CONDENSED INTERIM STATEMENT OF CASI1 FLOWS (UN-AUOITED)

FOR THE HALF YEAR ENDED DECEMBER 31, 2024

Note

Half year ended December 31, December 31,

2024 2023

-- - Rupees --

A. CASH FLOWS FROM OPERATING ACTIVITIES Loss before levies and taxation	(142,625,423)	(134,072,170)
Adjustments for non cash «nd other items:
Depreciation on property, plant ancl equipment	16,402,910	18,094,281
Finance cost	275,099,206	308,021,952
Workers' welfare fund	611,000	-
Profit on bank deposits and TDR	(25,434,211)	-
Gain on disposal of property, plant and equipment	-	(613,901)
Operating cash flows before movement in working capital	123,953,483	191,430,162
Changes in working capital
Decrease / (increase) in current assets
Stores, spares and loose tools	-	(250,000)
Stock-in-trade	61,941,457	(835,819,633)
Trade debts	(142,893,269)	72,533,982
Loans and advances	(25,476,173)	22,139,848
Trade deposits and prepayments	-	4,164,945
Sales tax adjustable	34,476,467	(1,179,877)
Increase in current liabilities	(71,951,518)	(738,410,735)
Trade and other payables	44,204,518	246,151,751
Contract liabilities	(16,997,922)	-
Cash generated from operations	79,208,561	(300,828,822)
Income tax and levies paid	(17,465,899)	(34,679,954)
Interest / markup paid	(311,028,000)	(229,266,984)
Net cash used in operatirg activities	(249,285,338)	(564,775,760)

B. CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property, plant and equipment		(685,000)
Additions to capital work in progress		(13,835,347)
Proceeds from disposal of property, plant and equipment		770,782
Other financial assets	(50,000,000)	(1,526,134)

Profit on bank deposits and TDR received 4,894,773

Net cash generated from / (used in) investing activities

4,894,773

(15,276,699)

Nr•te

_ Half year ended C'ecember 31, December 31,

2024 2023,

-- --------- Ru}Jees ----

C. CASH FLOWS FROM FINANCING ACTIVITIES

Long term finances obtained
Repayment of long-term finances	(111,326,029)	(191,643,270)
Lease rentals paid Loan repaid to director	(217,010,000)	88,000,000
Loan obtained from associate	1,244,368,775	(235,078,167)

Short-term borrowings - net

Net cash generated from financing activities

Net increase / (decrease) in cash and cash equivalents (A+f3+C) Cash and cash equivalents at beginning of the year

Cash and cash equivalents at end of the year

Cash and cash equivalents

Cash and bank balances Short term running finance

Term deposit certificates

(335,098,856) 646,508,661

580,933,891 307,787,224

336,543,326 (272,265,235)

(500,085,674) (905,693,481)

(163,542,348) (1,177,958,716)

221,846,544 39,055,464

(385,388,8 72) (1,217,014, 180)

(163,542,3•t8) (1,177,958,716)

DIRECTO

The annexed notes 1 to 26 form an integral part of these condensed interim financial statements.

CHIEF EXECUTIVE OFFICER

CIJIEF FINANC

OFFICER

SIDDIQSONS TIN PLATE LIMITED

CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED) FOR THE HALF YEAR ENDED DECEMBER 31, 2024

Issued,

subscribed and Capital reserve Revenue

paid-up

capital

reserve (Rupees)

Total

Balance at July 01, 2023	2,292,787,700	301,517,286	626,771,690	3,221,076,676
Total Comprehensive income
Loss for the half year ended December 31, 2023		-	(154,233,497)	(154,233,497)
Other comprehensive income
		-	(154,233,497)	(154,233,497)
Balance at December 31, 2023	2,292,787,700	301,517,286	472,538,193	3,066,843,179
Balance at July 01, 2024	2,292,787,700	301,517,286	(1,431,727,445)	1,162,577,541
Total Comprehensive income
Loss for the half year ended December 31, 2024 Other comprehensive income			(154,233,497)	(154,233,497)
			(154,233,497)	(154,233,497)
Balance at December 31, 2024	2,292,787,700	301,517,286	(1,585,960,942)	1,008,344,044

DIR

CHIEF FINANCIAL OFFICER CHIEF EXECUTIVE OFFICER