Balance Sheetas at June 30, 2014Note20142013Rupees in 000ASSETS NON-CURRENT ASSETS Fixed assets Property, plant and equipment531,937,21131,008,392Intangible assets627,652 4,711 31,964,86331,013,103 Long-term investments78,157,550 5,619,000 Long-term loans and advances872,445 554,305 Long-term deposits3,175 3,175 40,198,03337,189,583CURRENT ASSETS Stores and spares96,078,9155,179,055Stock-in-trade101,638,984 1,431,157 Trade debts 112,077,714 1,668,299 Loans and advances12161,625 253,266 Trade deposits and short-term prepayments1357,699 41,814 Other receivables14527,052 692,191 Investments- 110,062 Tax refunds due from the Government15538,812 538,812 Taxation - net- 286,096 Cash and bank balances168,519,082 2,805,840 19,599,883 13,006,592 TOTAL ASSETS59,797,916 50,196,175 EQUITY AND LIABILITIES SHARE CAPITAL AND RESERVES Share capital173,233,750 3,233,750 Reserves1846,558,433 37,801,693 49,792,183 41,035,443 NON-CURRENT LIABILITIES Long-term finances19- 127,498 Long-term deposits2067,971 57,125 Deferred liabilities215,453,512 5,130,265 5,521,483 5,314,888 CURRENT LIABILITIES Trade and other payables224,096,255 3,572,282 Taxation - net257,446 Accrued mark-up233,051 8,162 Current portion of long-term finance19127,498 265,400 4,484,250 3,845,844 CONTINGENCIES AND COMMITMENTS24 TOTAL EQUITY AND LIABILITIES59,797,916 50,196,175 The annexed notes from 1 to 41 form an integral part of these financial statements. Muhammad Yunus TabbaChairman / DirectorMuhammad Ali TabbaChief Executive/ P 06Profit and Loss AccountFor the year ended June 30, 2014Note20142013Rupees in 000 (Restated) (Note 4.12)Gross sales2551,412,926 43,738,002Less:Sales tax and excise duty7,708,848 5,547,756 Rebates and commission620,909 379,790 8,329,757 5,927,546 Net sales43,083,169 37,810,456 Cost of sales26(24,393,064) (21,054,058)Gross profit18,690,105 16,756,398 Distribution costs27(3,382,156) (3,664,019)Administrative expenses28(760,269) (680,347)Finance costs29(34,225) (75,829)Other charges30(1,035,032) (824,834)Other income31977,942 234,499 Profit before taxation14,456,365 11,745,868 Taxation - current(2,890,619) (269,494) - deferred(221,343) (1,727,612) 32(3,111,962) (1,997,106)Profit after taxation11,344,4039,748,762 Other comprehensive income : Other comprehensive income not to be reclassified to profit and loss account in subsequent periods: Loss on remeasurements of post retirement benefit obligations(912) (45,334)Deferred taxation249 10,520 (663) (34,814)Total comprehensive income for the year11,343,740 9,713,948 (Rupees)Earnings per share - basic and diluted 3335.08 30.15 The annexed notes from 1 to 41 form an integral part of these financial statements. Muhammad Yunus TabbaChairman / DirectorMuhammad Ali TabbaChief Executive/ P 07Note20142013Rupees in 000CASH FLOWS FROM OPERATING ACTIVITIES Cash generated from operations3415,915,54912,825,937Finance costs paid(39,336)(94,415)Income tax paid(2,347,076)(429,229)Gratuity paid(45,353)(60,821)(2,431,765)(584,465)Long term deposits10,8464,373Net cash generated from operating activities34.113,494,630 12,245,845CASH FLOWS FROM INVESTING ACTIVITIES Fixed capital expenditure(3,072,211)(1,886,264)Long-term investments7(2,538,550) (5,619,000)Long-term advance481,860 (498,932)Investments110,062 (110,062)Sale proceeds on disposal of property, plant and equipment69,958 20,396 Net cash used in investing activities(4,948,881)(8,093,862)CASH FLOWS FROM FINANCING ACTIVITIES Repayment of long-term finance19(265,400) (265,400)Dividends paid(2,567,107) (1,925,165)Net cash used in financing activities(2,832,507) (2,190,565)Net increase in cash and cash equivalents 5,713,242 1,961,418 Cash and cash equivalents at the beginning of the year2,805,840 844,422 Cash and cash equivalents at the end of the year168,519,082 2,805,840 The annexed notes from 1 to 41 form an integral part of these financial statements. Cash Flow StatementFor the year ended June 30, 2014Muhammad Yunus TabbaChairman / DirectorMuhammad Ali TabbaChief Executive/ P 08Issued,Capital subscribedreserveRevenue reservesTotalTotaland paid upShareGeneralUnappropriatedreserveequitycapitalpremiumreservesprofit Rupees in 000Balance as at July 01, 2012 3,233,7507,343,422 15,000,0007,684,573 30,027,99533,261,745 Transfer to general reserve5,000,000(5,000,000) Final dividend at the rate ofRs.6/-per ordinary share of Rs.10/- each for the year ended June 30, 2012(1,940,250) (1,940,250) (1,940,250) Profit after taxation (Restated) - note 4.12 9,748,7629,748,7629,748,762 Other comprehensive income for the year (Restated) (34,814) (34,814) (34,814) Total comprehensive income for the year (Restated) 9,713,9489,713,9489,713,948 Balance as at June 30, 2013 3,233,7507,343,42220,000,00010,458,27137,801,69341,035,443 Transfer to general reserve 7,871,271(7,871,271)Final dividend at the rate ofRs.8/- per ordinary share of Rs.10/- each for the year ended June 30, 2013 (2,587,000)(2,587,000)(2,587,000) Profit after taxation11,344,40311,344,40311,344,403Other comprehensive income for the year(663)(663)(663)Total comprehensive income for the year11,343,74011,343,74011,343,740 Balance as at June 30, 2014 3,233,7507,343,42227,871,271 11,343,74046,558,43349,792,183The annexed notes from 1 to 41 form an integral part of these financial statements. Statement of Changes in EquityFor the year ended June 30, 2014Muhammad Yunus TabbaChairman / DirectorMuhammad Ali TabbaChief Executive/ P 09