|
|
Note |
Six months ended Dember 31, 2009 |
Year
ended
June 30, 2009 |
|
|
(Rupees in Thousand) |
|
CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
Profit before taxation |
221,894 |
393,597 |
|
Adjustments for: |
|
|
|
Profit before taxation |
216,580 |
315,305 |
|
Amortization of intangible
assets |
1,925 |
3,134 |
|
Share of profit of associate |
(2,438) |
(9,248) |
|
Provision of impairment in value of investments |
1,303 |
40,422 |
|
Finance cost |
619,911 |
1,372,676 |
|
Provision for doubtful
receivables & advances |
52,042 |
58,539 |
|
Impairment loss of goodwill |
73,632 |
- |
|
Provision / (reversal) of provision for obsolete and slow moving stocks |
381 |
(6,637) |
|
Provision for compensated absences |
1,157 |
13,599 |
|
Gain/(loss) due to change in the fair value of other financial assets |
(1,415) |
46,188 |
| Loss on sale and lease back |
1,864 |
- |
|
Amortization of grant in aid |
(1,497) |
(3,150) |
|
Gain on sale and lease back activities (net of amortization during the year |
(13,608) |
(18,408) |
|
(Gain) / loss on disosal of property, plant and equipment |
(748) |
1,026 |
|
|
949,089 |
1,813,446 |
|
Cash generated from operations before working capital changes |
1,170,983 |
2,207,043 |
|
Working capital changes
45 |
(455,667) |
(10,189) |
|
Cash generated from operations |
715,316 |
2,196,854 |
|
Finance cost paid |
(623,470) |
(1,255,458) |
|
Compensated absences paid |
(1,081) |
(14,198) |
|
Income taxes paid |
(106,032) |
(269,471) |
|
|
(730,583) |
(1,539,127) |
|
Net cash (used in) / from operating
activities
|
(15,267) |
(657,727) |
|
Cash flows from investing
activities |
|
|
|
Purchase of property, plant and
equipment |
(1,466,257) |
(2,394,040) |
|
Proceeds from disposal of property,
plant and equipment |
3,699 |
12,984 |
|
Proceeds from sale and leaseback
activities |
55,521 |
210,769 |
|
Long-term deposits made during the period/year |
(11,400) |
(11,338) |
|
Net cash used in investing
activities |
(1,418,437) |
(2,181,625) |
|
Cash flows from financing
activities |
|
|
|
Repayment of long-term financing |
(269,292) |
(744,412) |
|
Proceeds from long-term
financing |
961,272 |
2,103,237 |
|
Payment of liabilities against assets subject to finance lease |
(38,452) |
(103,886) |
|
Proceeds from short-term borrowings |
760,375 |
77,527 |
|
Dividends paid |
(49,994) |
(49,994) |
|
Net cash from financing
activities |
1,363,909 |
1,282,472 |
|
Net decrease in cash and cash equivalents |
(69,795) |
(241,426) |
|
Cash and cash equivalents at beginning of the period /year |
193,058 |
434,484 |
|
Cash and cash equivalents at end of the period /year 28 |
123,263 |
193,058 |
|
|
The annexed notes 1
to 48 form an integral part of these financial statements. |
|
NASEEM SAIGOL
Chairman /
Chief Executive Officer |
HAROON A. KHAN
Managing Director |
|
|