aa.maple leaf cement factory ltd
TRANSCRIPT
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BALANCE SHEET OF MAPLE
ASSETS 2008
NON -CURRENT ASSETS .RUProperty,Plant And Equipment 20,081,448
Intangible Assets 15,082
Investments 0
Loans to employees 6,121
Deposits and prepayments 54,014
20,156,665
CURRENT ASSETSStores,Spare and loose tools 3,325,744
Stock in trade 433,952
trade debts 743,366
Fair value derivative financial instruments 365,748
Loans and advances 82,814
Investments 734,859
Deposits and short term prepayments 54,532
Accrued profit 763
Sale tax,customs and excise duty 57,769
Due from gratuity fund trust 9,768
Other receivables 21,780
Taxation - net 44,907
Cash and bank balances 118,894
5,994,896
TOTAL ASSETS 26,151,561
EQUITY AND LIABILTIESShare Capital and Reserves
Authorized Capital 5,000,000
Issued,subscribed and paid up capital 4,264,108Reserves 4,644,355
Unappropriated profit (547,574)
Total Equity 8,360,889
LIABILTIES
NON -CURRENT LIABILTIESLoans from related parties 35,224
Long Term loans and finance 241,539
Redeemable capital 8,000,000
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Syndicated term finance 1,000,000
Liabilties against assets subject to finance lease 957,434
Lease finance advances and accured interest thereon 0
Long Term deposits 2,582
Deferred taxation 154,741
Employee' compensated absences 16,688
10,408,208
CURRENT LIABILTIESCurrent portion of:
redeemable capital 0
Long Term loans and finances 0
syndicated term finace 1,080,000
Liabilties against assets subject to finance lease 188,011
Short term finance 3,369,738Trade and other payable 2,495,559
Accured profit and interest / mark-up 194,568
Taxation -net 0
Dividends 54,588
7,382,464
TOTAL EQUITY AND LIABILTIES 26,151,561
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LEAF
2007 2006
EES IN THOUSAND...19,330,866 16,088,505
4,578 0
0 368,881
6,373 7,127
43,200 15,923
19,385,017 16,480,436
2,014,580 1,847,926
369,709 200,946
194,587 163,459
242,226 0
85,544 299,257
944,669 0
15,373 7,314
402 559
37,742 34,611
8,539 0
1,198 9,452
14,029 0
123,359 100,938
4,051,957 2,664,462
23,436,974 19,144,898
5,000,000 5,000,000
4,264,108 3,519,581
4,457,328 3,063,529
271,601 972,594
8,993,037 7,555,704
250,000 0
8,576,657 7,868,948
0 0
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0 0
268,040 12,226
679,676 74,146
2,702 2,977
897,183 971,128
13,192 10,250
10,687,450 8,939,675
0 41,650
1,792,519 538,530
0 0
13,858 4,481
797,585 947,160
719,311 752,172
378,675 279,112
0 31,828
54,539 54,586
3,756,487 2,649,519
23,436,974 19,144,898
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property plant and equipmentcost
accumulated dep upto last years
accumulated dep for current year
intangible assets
cost
accumlated amortization of last years
for this year
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2,008 2,00725,497,863 12,568,735
4,857,273 4,429,222
865,546 439,254
(1,902) (11,146)
(4) 863,640 5,720,913 (57) 428,051 4,857,273
19,776,950 7,711,462
23,250 6,769
2,191 0
5,977 8,168 2,191 2,191
15,082 4,578
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PROFIT AND LOSS ACCOUNT
2008 2007
RUPEES IN THOUSANDSales 7,815,829 3,711,081Cost of sales (6,491,999) (3,401,188)
Gross profit 1,323,830 309,893Administrative expences (121,236) (67,291)
Distribution cost (834,849) (69,021)
Other operating expences (24,838) (18,371)
(980,923) (154,683)
342,907 155,210Other operating income 105,656 43,224
Operating profit from operation 448,563 198,434
Finance cost (1,812,807) (338,453)
Profit / (Loss) after taxation (1,364,244) (140,019)Taxation
Current 44,815 (9,477)
Deferred (732,924) (172,589)
(688,109) (182,066)
Profit after taxation (676,135) 42,047RUPEES.
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2006
5,709,792
(3,561,212)
2,148,580
(60,474)
(20,961)
(118,024)
(199,459)
1,949,12126,671
1,975,792
(340,978)
1,634,814
(28,536)
(547,038)
(575,574)
1,059,240
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Cash flow from operating activities
Loss for the year: before taxation
Adjstment for non cash charges and other items:
Depreciation
Amortization
Gain on disposal of operating fixed assets-net
Employee compensated absencesFinance cost
Provision for obsolete stores and spares
Profit on bank deposits
Investment income-net
Dividend income
Cash inflow from operating activities before working capital changes
(increase)/decrease in current assets:
Stores,spares and loose tools
Stock in trade
Trade debts
Loan and advances
Deposits and short term prepayments
Sales tax, customs and excise duty
Due from gratuity fund trust
Other receivables
Increase/(decrease) in trade and other payables
Cash in flow from operating activities-before taxation
Tax paidCompensated absences paid
Net cash inflow from operating activities-after taxation
Cash flow from investing activitiesFixed capital expenditure
CASH FLOW STATE
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Sale proceed from fixed assets
Loan to employees
Investments
Deposits and prepayments
Profit on bank deposits received
Dividend income
Investment income
Net cash out flow from investing activities
Cash flow from financing activitiesProceed from issue of ordinary shares
Share premium on issue of ordinary shares- net
Term finance certificates redeemed
Loan from related party
Long term loan and finances
Redeemable capialSyndicated term finances-net
Long term deposits from stockists-net
Lease finances - net
Short term finances-net
Finance cost paid
Ordinary dividend paid
Preferance dividend paid
Net cash inflow from financing activities
Net (decrease)/increase in cash and cash equivalent
Cash and cash equivalents-at the beginning of the year
Cash and cash equivalents-at the end of the year
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2,008 2,007RUPEES IN THOUSAND
(1,364,244) (140,019)
865,546 439,254
5,977 2,191
(725) (5,905)
7,137 6,9791,812,807 338,453
0 2,273
(5,046) (1,294)
(43,403) 0
(12,021) (6,094)
1,266,028 635,838
(1,311,164) (168,927)
(64,243) (168,763)
(548,779) (31,128)
2,873 213,626
(39,159) (8,059)
(20,027) (3,131)
(1,229) (8,539)
(20,582) 8,254
1,776,248 (32,861)
(226,062) (199,528)
1,039,966 436,310
(75,693) (36,380)(3,641) (4,037)
960,632 395,893
(1,634,403) (3,690,937)
ENT
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2,519 8,458
109 841
173,551 (200,000)
(10,814) (27,277)
4,685 1,451
12,021 6,094
43,403 0
(1,408,929) (3,901,370)
0 744,527
0 184,183
0 (41,650)
(214,776) 250,000
(10,127,637) 1,961,698
8,000,000 02,080,000 0
(120) (275)
183,871 870,721
2,572,153 (149,575)
(1,996,914) (238,890)
(14) (128)
(52,731) (52,713)
443,832 3,527,898
(4,465) 22,421
123,359 100,938
118,894 123,359
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depreciation charges for the year
cost of goods sold
admin expense
other manufacturing exp
unallocated capital expendituretrial run operation
total
intangible assets
computer software
23.6 disposal of operating fixed as
41. administrative expenses
provision for obsolete stores and spare
44. other operating income
income from financial assets
profit on bank deposits
dividends
investment income-net
income from non financial assets
sale of scrap
gain on disposal of operating fixed ass
misc.
37. taxation-net
tax deducted at source and advance ta
opening bal. of advance tax(provision)
add: provision/ (write back) made fo
- current year
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- prior year-net
loans to employees
house buildind
vechicles
others
less:revocable with in one year groupe
disposal of operating fixed assets
cost
accum. Dep
book value
sale proceeds
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2,008 2,009
Rupees in thousand
842,121 415,841
11,056 3,182
103 99
14,27312,266 5,859
865,546 439,254
amortization
Rupees in thousand
39,263 year 39,629
2,191 5,977 8,168
2,191 2,191
sets gain
2,008 2,007
725 5,905
2,008 2,007
s 0 2,273
2,008 2,007
Rupees in thousand
5,046 1,294
12,021 6,094
43,403 0
38,850 25,599
ts 725 5,905
5,611 4,332
105,656 43,224
2,008 2,007
x deposits 75,693 36,380
14,029 (31,828)
45,281 20,450
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(466) (29,927)
44,815 (9,477)
44,907 14,029
6,750 6,749
2,576 2,709
401 378
9,727 9,836
under current asset 3,606 3,463
6,121 6,373
2,008 2,007
3,696
1,902
1,794
2,519 8,458