PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED SEPTEMBER 30, 2002

 

 

 

          2002   2001
        Note Rupees   Rupees
               
               
Sales         16     346,039,260       300,621,381
Cost of goods sold       17     337,362,561       281,925,969
Gross profit                  8,676,699         18,695,412

 

Other income 18       12,821,071       17,720,440
        21,497,770       36,415,852
 
Operating expenses              
Administration 19        6,412,049        7,262,393
Selling         20        8,113,203          7,141,037
        14,525,252       14,403,430
         6,972,518       22,012,422
Other Charges
Financial 21        5,502,056       18,674,087
Workers' profit participation fund                   79,176             170,992
         5,581,232       18,845,079
   
Net profit for the year before taxation            1,391,286          3,167,343
 
Taxation 22
Current        2,151,626        1,540,155
Prior year's           520,445                    -  
         2,672,071        1,540,155
 
Net (loss) / profit for the year after taxation           
from ordinary activities               (1,280,785)          1,627,188
 
Extraordinary item - adjustment            
of morabaha finance       23       35,950,000                      -  
 
Net profit for the year               34,669,215          1,627,188
 
Apprppriation

Proposed Cash Dividend @ 5% (2001-nil)

      

    6,300,580

  

                --
 

       28,368,635

     1,627,188
Accumulated loss brought forward          (255,995,106)      (257,622,294)
   
Accumulated loss carried forward          (227,626,471)      (255,995,106)
 
Earnings per share - Basic     24                2.75                  0.13
 
The annexed notes from 1 to 32 form an integral part of these accounts.    
 

CHIEF EXECUTIVE

      

DIRECTOR

 

 

 

 

 

 

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