CASH FLOW STATEMENT
FOR THE HALF YEAR ENDED MARCH 31,2003
March 31, 2003 March 31, 2002
Rupees Rupees
a) CASH FLOW FROM OPERATING ACTIVITIES
Loss for the period before taxation (3,202,045) (12,035,599)
Depreciation 8,448,849 8,272,792
Gain on restatement of long term investment (2,980) --
Provision for gratuity 769,200 714,085
Gratuity Paid (415,983) (304,540)
Financial Charges 28,210 7,220,693
Operating profit before working capital changes 7,025,251 3,867,431
Changes in working capital
(Increase)/decrease in current assets
Stores and spares (85,974) 12,776
Stock in trade (58,333,180) 6,421,963
Trade debts (1,220,663) 38,489,358
Advances, deposits, prepayments
and other receivables (4,740,567) 2,735,382
(Increase)/decrease in current liabilities
Creditors, accrued and other liabilities 93,764,594 (12,271,095)
29,384,210 35,388,384
Cash generated from operations 36,409,461 39,255,815
Financial charges paid (238,616) (3,626,186)
Net cash from operating activities 36,170,845 35,629,629
b) CASH FLOW FROM INVESTMENT ACTIVITIES
Fixed capital expenditure (387,310) (1,200,000)
Net cash used in investing activities 387,310 1,200,000
c) CASH FLOW FROM FINANCING ACTIVITIES
Long term loans obtained 7,800,000 --
Repayment of long term loans (6,901,020) (3,260,167)
Decrease in short term bank borrowings - net (4,050,000) (36,321,822)
Net cash used in financing activities (43,151,020) (39,581,989)
Net decrease in cash and bank balances (a+b+c) (7,367,485) (5,152,360)
Cash and bank balances at the beginning of the period 8,149,697 7,451,913
Cash and bank balances at the end of the period 782,212 2,299,553
CHIEF EXECUTIVE DIRECTOR
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J.A. Textile Mills Ltd.
16 C, People's Colony
Faisalabad 38090, PAKISTAN
Tel: 92-41-721953-6
Fax: 92-41-712399