Equity Modaraba First : Transmission of Annual Report for the Year Ended June 30 2022
December 06, 2022 at 04:22 pm IST
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FIRST EQUITY MODARABA
Rs.In "000
TEN YEARS AT A GLANCE
Restated
BALANCE SHEET
June2013
June2014
June2015
June2016
June2017
June2018
June2019
June2020
June2021
June2022
Authorised Capital
600,000
600,000
600,000
600,000
600,000
600,000
600,000
600,000
600,000
600,000
Issued Subscribed & Paid-up-capital
524,400
524,400
524,400
524,400
524,400
524,400
524,400
524,400
524,400
524,400
Reserves
110,463
115,035
117,529
119,794
130,843
126,650
123,347
117,485
111,306
100,962
Revaluation Reserve on Investment
(7,355)
(13,150)
(20,170)
(25,286)
(30,023)
(37,125)
(53,437)
(29,970)
7,939
(68,012)
Deferred Liabilities
2,092
1,556
2,655
2,934
2,864
4,046
4,252
4,551
5,711
5,898
Creditors, accrued expenses and other liabilities
6,139
11,857
24,657
7,940
62,860
12,283
8,333
9,730
22,456
14,764
Profit distbution
-
19,665
8,914
6,817
31,464
-
-
-
22,600
-
Unclaimed profit dastribution
26,003
25,967
27,618
27,845
28,730
29,642
29,561
29,560
29,554
30,448
Provision for taxation
3,773
-
-
-
-
-
-
-
-
-
665,515
686,345
685,603
664,444
751,138
659,895
636,456
655,757
723,965
608,460
Tangible Assets
19,234
17,849
17,377
16,361
8,825
7,931
9,125
7,788
6,443
5,060
Intangibe Assets
19,000
19,000
19,000
19,000
10,000
-
-
-
-
-
Deferred Costs
-
-
-
-
-
-
-
-
-
-
Invesments
373,192
431,784
423,890
426,898
499,291
453,889
430,925
449,719
563,344
499,126
Morabaha/Musharaka Receivables
150,039
159,320
153,003
140,333
134,320
136,668
139,583
53,075
8,634
9,561
Advances, deposits prepayments
and other receivables
54,475
48,501
52,048
51,063
57,308
49,780
52,439
54,418
62,092
84,037
Cash and Bank balance
49,575
9,889
20,285
10,789
41,394
11,626
4,384
90,758
83,451
10,676
PROFIT & LOSS ACCOUNT
665,515
686,345
685,603
664,444
751,138
659,895
636,456
655,757
723,965
608,460
Income / (loss)
53,722
46,938
34,684
30,680
82,329
17,246
19,814
16,691
44,880
22,850
Operating expenses
(25,093)
(22,242)
(21,775)
(21,587)
(34,290)
(21,439)
(23,117)
(22,552)
(25,989)
(25,789)
Modaraba company's Management'fee
(989)
(3,307)
(1,511)
-
(5,526)
-
-
-
(1,889)
-
Sales tax on Modaraba Management Fee
(246)
-
Worker Welfare Fund
(335)
-
Taxation
(2,226)
-
-
-
-
-
-
-
-
(3,785)
Profit/ (Loss) for the year
28,629
24,696
11,398
9,093
42,513
(4,193)
(3,304)
(5,861)
16,421
(6,724)
Cash Distribution
-
3.75%
1.70%
1.30%
6.00%
-
-
-
5.00%
Earnings per certificate
0.127
0.471
0.217
0.173
0.81
(0.08)
(0.06)
(0.11)
0.31
(0.13)
Breakup value
11.97
12.33
12.03
11.93
12.52
11.71
11.33
11.67
12.27
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First Equity Modaraba published this content on 06 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 December 2022 10:51:04 UTC.
First Equity Modaraba is a Pakistan-based perpetual and multipurpose modaraba. The Company is capable of undertaking a variety of fund and fee-based activities. These include trading, manufacturing, equity investment and their financing and facilitation. The Company operates through four segments: Musharaka facility, Brokerage operation, Capital market and Others. The Company is operating its brokerage activities at Karachi. Its subsidiaries include Equity Textiles Limited, Capital Financial Services (Private) Limited and Apex Financial Services (Private) Limited. The Company, through its subsidiary, Equity Textiles Limited, is engaged in the manufacturing and sale of textile products. Its subsidiaries, Capital Financial Services (Private) Limited and Apex Financial Services (Private) Limited, act as a member/broker of the Pakistan Stock Exchange, and are engaged in the business of brokerage services in stock and shares, among others.
EQUITY MODARABA FIRST 