MAQBOOL TEXTILE MILLS LIMITED MAQBOOL
TEXTILE MILLS LIMITED.
Third Quarter and Nine Months Unaudited Financial Statements
for the Period Ended 31st March, 2023
Maqbool Textile Mills Limited
STATEMENT OF PROFIT OR LOSS | ||||
FOR THE PERIOD ENDED MARCH 31, 2023 | ||||
(Un-Audited) | ||||
Nine months period ended | Quarter ended | |||
March 31,2023 | March 31,2022 | March 31,2023 | March 31,2022 | |
------------------------------Rupees------------------------------ | ||||
Revenue from contracts - net | 7,079,911,944 | 8,025,395,398 | 2,412,676,325 | 3,094,431,911 |
Cost of goods sold | (6,548,218,333) | (7,157,512,990) | (2,218,089,231) | (2,709,995,579) |
Gross Profit | 531,693,611 | 867,882,408 | 194,587,094 | 384,436,332 |
Other operating income | 7,471,584 | 14,498,532 | 2,916,512 | 287,996 |
539,165,195 | 882,380,940 | 197,503,606 | 384,724,328 | |
Distribution cost | (50,772,344) | (59,765,504) | (16,196,687) | (26,268,129) |
Administrative expenses | (205,528,244) | (184,439,425) | (65,163,586) | (70,178,264) |
Other operating expenses | - | (29,078,694) | - | (12,923,045) |
(256,300,588) | (273,283,623) | (81,360,273) | (109,369,438) | |
Finance cost | (408,665,602) | (216,745,659) | (141,089,897) | (100,987,429) |
(Loss)/Profit before taxation | (125,800,995) | 392,351,658 | (24,946,564) | 174,367,461 |
Provision for Taxation | (121,888,329) | (110,587,542) | (29,828,462) | (44,893,349) |
(Loss)/Profit for the period | (247,689,324) | 281,764,116 | (54,775,025) | 129,474,112 |
Other comprehensive profit/(loss) | ||||
for the period - net of tax | ||||
Transfer from deferred tax due to change | - | - | - | - |
rate on opening revaluation surplus | ||||
(247,689,324) | 281,764,116 | (54,775,025) | 129,474,112 | |
Earnings per share | (13.44) | 15.29 | (2.97) | 7.03 |
NOTES TO THE ACCOUNTS
1- These un-audited financial statements are being presented to the shareholders as required under SECP Notification No. SRO 746(1)2001 dated 05-11-2001 and in accordance with the requirements of International Accounting Standard- 34 "Interim Financial Reporting".
2- Accounting policies adopted for the preparation of these quarterly accounts are the same as adopted in the preceding periodic financial statements.
3- Figures in these accounts have been rounded off to the nearest rupee.
Chief Executive Officer | Director | Acting.Chief Financial Officer |
Maqbool Textile Mills Limited
STATEMENT OF FINANCIAL POSITION AS AT MARCH 31, 2023 (Un-Audited)
ASSETS
Non-current assets
UN-AUDITED
31-Mar-23 Rupees
AUDITED
30-Jun-22
Rupees
Property, plant and equipment
Long term deposits
Current assets
Stores and spares
Stock in trade
Trade debts
Loans and advances and prepayments
Due from Government
Advance tax
Other financial assets
Cash and bank balances
Total assets
EQUITY AND LIABILITIES
Share capital and reserves
Share capital Share premium
Surplus on revaluation of property, plant and equipment - net of deferred tax
General reserve
Unappropriated profits
Non-current liabilities
Long term financing
Lease against right of use assets
Deferred taxation
Staff retirement benefits - gratuity
Current liabilities
Trade and other payables
Accrued mark up
Short term borrowings Unclaimed dividend Unpaid dividend
Current portion of long term financing Current portion of deferred grant
Current portion of liabilities against right of use assets Provision for taxation
Contingencies and commitments
Total equity and liabilities
4,355,943,803
11,926,564
4,367,870,367
218,087,575
2,023,948,016
1,251,412,342
231,231,819
320,264,627
76,283,362
10,000,000
88,810,104
4,220,037,845
8,587,908,212
184,320,000
65,280,000
1,601,805,480
168,000,000
597,752,802
2,617,158,282
612,189,001
24,841,988
666,301,614
56,489,807
1,359,822,410
1,295,295,753
139,049,914
2,928,170,000
3,050,565
4,011,497
103,922,228
-
11,740,781
125,686,782
4,610,927,520
-
8,587,908,212
4,394,408,320
11,926,564
4,406,334,884
154,376,454
1,464,491,019
1,209,849,176
271,687,511
347,078,051
126,984,260
-
29,520,661
3,603,987,132
8,010,322,016
184,320,000
65,280,000
1,637,396,190
168,000,000
828,283,416
2,883,279,606
693,496,712
23,174,149
630,437,197
52,558,664
1,399,666,722
772,924,546
76,470,912
2,555,577,395
3,050,565
3,790,584
139,253,864
2,891,532
6,733,552
166,682,738
3,727,375,688
-
8,010,322,016
Chief Executive Officer | Director | Acting. Chief Financial Officer |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Maqbool Textile Mills Ltd. published this content on 02 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2023 05:35:05 UTC.
