|
|
Note |
Year ended Dember 31, 2010 |
Six months ended Dember 31, 2009 |
|
|
(Rupees in Thousand) |
|
CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
Profit before taxation |
261,208 |
221,894 |
|
Adjustments for: |
|
|
|
Depreciation on property, plant and equipment |
698,015 |
216,580 |
|
Amortization of intangible
assets |
4,502 |
1,925 |
|
Share of profit of associate |
(5,289) |
(2,438) |
|
Provision of impairment in value of investments |
14,748 |
1,303 |
|
Finance cost |
1,623,611 |
619,911 |
|
Provision for doubtful
receivables & advances |
80,717 |
52,042 |
|
Impairment loss of goodwill |
80,325 |
73,632 |
|
provision for obsolete and slow moving stocks |
2,745 |
381 |
|
(Reversal)/Provision for compensated absences |
(1,054) |
1,157 |
|
Loss/(gain) due to change in the fair value of other financial assets |
1,712 |
(1,415) |
| Loss on sale and lease back |
1,385 |
1,864 |
|
Amortization of grant in aid |
(2,918) |
(1,497) |
|
Gain on sale and lease back activities (net of amortization during the year/period |
(23,255) |
(13,608) |
|
Gain on disosal of property, plant and equipment |
(7,318) |
(748) |
|
|
2,467,926 |
949,089 |
|
Cash generated from operations before working capital changes |
2,729,134 |
1,170,983 |
|
Working capital changes
45 |
(2,352,005) |
(455,667) |
|
Cash generated from operations |
377,129 |
715,316 |
|
Finance cost paid |
(1,577,177) |
(623,470) |
|
Compensated absences paid |
(10,715) |
(1,081) |
|
Income taxes paid |
(186,537) |
(106,032) |
|
|
(1,774,429) |
(730,583) |
|
Net cash (used in) / from operating
activities
|
(1,397,300) |
(15,267) |
|
Cash flows from investing
activities |
|
|
|
Purchase of property, plant and
equipment |
(789,873) |
(1,466,257) |
|
Proceeds from disposal of property,
plant and equipment |
47,092 |
3,699 |
|
Proceeds from sale and leaseback
activities |
41,690 |
55,521 |
|
Long-term deposits made during the year/period |
14,537 |
(11,400) |
|
Purchase of other financial assets |
(1,000) |
- |
|
Net cash used in investing
activities |
(687,554) |
(1,418,437) |
|
Cash flows from financing
activities |
|
|
|
Repayment of long-term financing |
(799,691) |
(269,292) |
|
Proceeds from long-term
financing |
2,029,307 |
961,272 |
|
Payment of liabilities against assets subject to finance lease |
(91,366) |
(38,452) |
|
Proceeds from short-term borrowings - net |
1,188,187 |
760,375 |
|
Dividends paid |
(21,093) |
(49,994) |
|
Net cash from financing
activities |
2,305,344 |
1,363,909 |
|
Net increase /(decrease) in cash and cash equivalents |
220,490 |
(69,795) |
|
Cash and cash equivalents at beginning of the year /period |
123,263 |
193,058 |
|
Cash and cash equivalents at end of the year /period 28 |
343,753 |
123,263 |
|
|
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 |
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