| (
Rested ) |
| |
|
|
2006 |
|
2005 |
| ----------
(Rupees in '000) ------- |
| |
| CASH
FLOW FROM OPERATING ACTIVITIES |
| |
| Profit before taxation |
|
|
827,211
|
|
3,923,710 |
| |
| Adjustments
for non-cash charges and other items: |
|
|
|
|
| Depreciation |
|
|
276,956 |
|
263,016 |
Reversal of provisions
|
|
|
(95,895) |
|
- |
Exchange loss
|
|
|
9,739
|
|
49,782 |
| Retirement benefits
accrued |
|
|
91,782 |
|
84,032 |
| Profit on sale
of fixed assets |
|
|
(10,528)
|
|
(331) |
Share of profit
of associates
|
|
|
(108,150)
|
|
(57,487) |
| Financial cost |
|
|
236,157
|
|
169,610 |
| |
1,227,272
|
|
4,432,332 |
| Working capital
changes: |
|
|
|
|
|
| (increase) /Decrease
in stores and spares |
|
|
(10,140)
|
|
(48,401) |
| (increase) /Decrease
in stock-in-trade |
|
|
2,988,142
|
|
(6,193,248) |
| (increase) in trade
debts |
|
|
(1,770,141)
|
|
(1,907,662) |
| (Decrease) / Increase
in loans and advances |
|
|
(158,154)
|
|
30,297 |
| Decrease in trade
deposits and short-term prepayments |
|
|
1,020,636
|
|
123,726 |
| (increase) in other
receivables |
|
|
(4,397,000)
|
|
(1,259,879) |
| Increase / (Decrease)
in trade and other payables |
|
|
(2,050,455)
|
|
1,894,301 |
| |
(4,377,112)
|
|
(7,360,866) |
| Cash (outflow)
1 inflow from operations |
(3,149,840)
|
|
(2,928,534) |
| |
| Decrease in long-term
loans and receivables |
|
|
29,209
|
|
9,885 |
(increase) in long-term
deposits and prepayments
|
|
|
(5,882)
|
|
(13,961) |
| Taxes paid |
|
|
(781,113)
|
|
(332,563) |
| Financial cost
paid |
|
|
(190,101)
|
|
(122,638) |
| Retirement benefits
paid |
|
|
(32,448)
|
|
(10,000) |
| Net cash (outflow)/inflow
from operating activities |
(4,130,175)
|
|
(3,397,811) |
| |
| CASH FLOW FROM
INVESTING ACTIVITIES |
|
|
| Fixed capital expenditure
paid |
|
|
(121,537)
|
|
(223,265) |
| Sale proceeds of
fixed assets |
|
|
12,078
|
|
685 |
| Dividends received |
|
|
115146 |
|
92,117 |
| Net cash (outflow)
from investing activities |
|
|
5,687
|
|
(130,463) |
| |
| CASH FLOW FROM
FINANCING ACTIVITIES |
|
|
Proceeds from long-term
deposits
|
|
|
4,690
|
|
38,792 |
Proceeds from/(repayments
of) short term finance
|
|
|
-858873 |
|
563,307 |
| Dividends paid |
|
|
(761,466)
|
|
(849,099) |
| Net cash (outflow)
from financing activities |
|
|
(1,615,649)
|
|
(247,000) |
| Net increase 1
(decrease) in cash and cash equivalents |
|
|
(5,740,136)
|
|
(3,825,055) |
| Cash and cash equivalents
at the beginning of the quarter |
|
|
(2,836,025)
|
|
(191,669) |
| |
| Cash and cash equivalents
at the end of the quarter |
|
|
(8,576,162)
|
|
(4,016,725) |
 |
|
|
|
| |
| The
annexed notes form an integral part of these financial
statements. |
|
