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    PEL - Annual Report - 2018

    Uploaded by

    Bilal Ahmad
    The document is the statement of financial position and statement of profit or loss for Pak Elektron Limited for the year ended December 31, 2018. It shows the company's assets, equity, liabilities and income statement for the year. The company generated a profit after taxation of Rs. 528.345 million for the year ended December 31, 2018.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    PEL - Annual Report - 2018

    Uploaded by

    Bilal Ahmad
    23 views3 pages
    The document is the statement of financial position and statement of profit or loss for Pak Elektron Limited for the year ended December 31, 2018. It shows the company's assets, equity, liabilities and income statement for the year. The company generated a profit after taxation of Rs. 528.345 million for the year ended December 31, 2018.

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    PEL_Annual Report_2018

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    The document is the statement of financial position and statement of profit or loss for Pak Elektron Limited for the year ended December 31, 2018. It shows the company's assets, equity, liabilities and income statement for the year. The company generated a profit after taxation of Rs. 528.345 million for the year ended December 31, 2018.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    23 views3 pages

    PEL - Annual Report - 2018

    Uploaded by

    Bilal Ahmad
    The document is the statement of financial position and statement of profit or loss for Pak Elektron Limited for the year ended December 31, 2018. It shows the company's assets, equity, liabilities and income statement for the year. The company generated a profit after taxation of Rs. 528.345 million for the year ended December 31, 2018.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    J 08 Pak Elektron Limited

    Statement of Financial Position


    as at December 31, 2018

    Note 2018 2017


    Rupees '000 Rupees '000

    EQUITY AND LIABILITIES

    SHARE CAPITAL AND RESERVES

    Authorized capital 8 6,000,000 6,000,000

    Issued, subscribed and paid-up capital 9 5,426,392 5,426,392


    Capital reserve 10 4,279,947 4,279,947
    Surplus on revaluation of property, plant and equipment 11 6,579,049 4,274,019
    Accumulated prot 6,884,031 6,753,080
    TOTAL EQUITY 23,169,419 20,733,438

    LIABILITIES

    NON-CURRENT LIABILITIES

    Redeemable capital - secured 12 - 68,750


    Long term nances - secured 13 2,646,032 3,958,767
    Liabilities against assets subject to nance lease 14 59,778 22,406
    Deferred taxation 15 2,423,945 1,918,383
    Deferred income 16 36,781 38,717
    5,166,536 6,007,023

    CURRENT LIABILTIES

    Trade and other payables 17 823,850 875,182


    Unclaimed dividend 18,650 12,766
    Accrued interest/markup/prot 390,172 165,579
    Short term borrowings 18 12,843,848 7,227,368
    Current portion of non-current liabilities 19 1,814,311 2,027,692
    15,890,831 10,308,587
    TOTAL LIABILITIES 21,057,367 16,315,610

    CONTINGENCIES AND COMMITMENTS 20

    TOTAL EQUITY AND LIABILITIES 44,226,786 37,049,048

    The annexed notes from 1 to 58 form an integral part of these nancial statements.

    M. MURAD SAIGOL M. ZEID YOUSUF SAIGOL


    Chief Executive Officer Director
    Annual Report 2018 J 09

    Note 2018 2017


    Rupees '000 Rupees '000

    ASSETS

    NON-CURRENT ASSETS

    Property, plant and equipment 21 21,957,015 17,405,713


    Intangible assets 22 313,352 315,525
    Long term investments 23 7,085 8,948
    Long term deposits 24 365,957 371,936
    22,643,409 18,102,122

    CURRENT ASSETS

    Stores, spares and loose tools 25 859,145 746,408


    Stock in trade 26 8,374,111 6,388,779
    Trade debts - unsecured 27 4,870,122 5,484,699
    Due against construction work in progress - unsecured, considered good 28 1,535,735 1,393,185
    Short term advances - unsecured 29 965,614 826,216
    Short term deposits and prepayments 30 1,105,179 1,109,232
    Other receivables - unsecured, considered good 360,962 311,090
    Short term investments 31 22,071 21,824
    Advance income tax/Income tax refundable 32 3,132,528 2,263,669
    Cash and bank balances 33 357,910 401,824
    21,583,377 18,946,926

    TOTAL ASSETS 44,226,786 37,049,048

    The annexed notes from 1 to 58 form an integral part of these nancial statements.

    SYED MANZAR HASSAN


    Chief Financial Officer
    J 10 Pak Elektron Limited

    Statement of Prot or Loss


    For the year ended December 31, 2018

    Note 2018 2017


    Rupees '000 Rupees '000

    Revenue 34 27,182,898 30,229,103

    Sales tax, excise duty and discounts 34 (3,710,466) (4,062,791)


    Net revenue 23,472,432 26,166,312

    Cost of sales 35 (20,719,396) (22,192,115)


    Gross prot 2,753,036 3,974,197

    Other income 36 17,384 17,793

    Distribution cost 37 (732,340) (805,922)


    Administrative and general expenses 38 (524,558) (614,442)
    Other expenses 39 (43,529) (138,623)
    (1,300,427) (1,558,987)
    Operating prot 1,469,993 2,433,003

    Finance cost 40 (976,447) (921,048)


    Prot before taxation 493,546 1,511,955

    Taxation 41 34,799 (118,792)


    Prot after taxation 528,345 1,393,163

    Earnings per share - basic and diluted 42 0.98 2.71

    The annexed notes from 1 to 58 form an integral part of these nancial statements.

    M. MURAD SAIGOL M. ZEID YOUSUF SAIGOL SYED MANZAR HASSAN


    Chief Executive Officer Director Chief Financial Officer

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