|
|
Notes to the Financial Statements
For Three Months Ended Sept. 30, 2004 |
| |
| 1. |
These accounts are un-audited and are being
submitted to shareholders, in accordance with SRO
764(1)/2001 dated November 5, 2001 issued by the Securities
& Exchange Commission of Pakistan. |
|
| 2. |
The Accounting Policies adopted for the
preparation of these quarterly accounts for the 1st quarter
ended September 30, 2004, are the same as those applied in
the preparation of the preceding published annual accounts
of the Company. |
|
| 3. |
Investment |
|
|
| |
|
|
|
(Rs. In ‘000) |
| Number Of
Shares |
|
Name of
the Company |
|
Value at
Equity Method |
|
Market
Value |
| |
|
|
|
|
|
|
| 1,291,271 |
|
Ghandhara Industries Ltd.
(Formerly : National Motors Ltd.) |
|
- |
|
18,078 |
| |
|
|
|
|
|
|
| Original cost of the above
investment is Rs. 53.897 million. |
| |
|
|
|
|
|
|
| 4. Transactions
with Associated Undertakings |
| |
|
|
|
|
|
|
| |
|
|
|
Sept. 2004 |
|
Sept. 2003 |
| |
|
|
|
(Rupees in
000) |
| Aggregate amounts in
respects of : |
|
|
|
|
| |
|
|
|
|
|
|
| |
|
Sales |
|
950 |
|
4,739 |
| |
|
|
|
|
|
|
| |
|
Contract Services |
|
4,320 |
|
11,826 |
| |
|
|
|
|
|
|
| |
|
Purchases |
|
7,470 |
|
140 |
| |
|
|
|
|
|
|
| |
|
Cost Allocated |
|
- |
|
1,200 |
| |
|
|
|
|
|
|
| |
|
Commission Charged |
|
- |
|
1,450 |
| |
|
|
|
|
|
|
| |
|
Insurance premium |
|
2,046 |
|
232 |
| |
|
|
|
|
|
|
|
|
| 5. |
In order to comply with the
requirements of International Accounting Standard 34 Interim
Financial Reporting, Balance Sheet has been compared with
the balances of annual financial statements, whereas Profit
and Loss Account and Cash Flow Statement have been compared
with the balances of preceding 1st quarter's financial
statements. |
|
|
| 6. |
The figures have been rounded
off to the nearest thousand rupees. |
|
|
|
Ahmed Kuli Khan
Khattak
Chief Executive |
Ch. Sher Muhammad
Director |
|
|
