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Financial Reports |
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Cash flow statement for the year ended June 30, 2005 |
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| (
Rested ) |
| Note |
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|
2005 |
|
2004 |
| ---------- (Rupees in '000) ------- |
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| CASH
FLOW FROM OPERATING ACTIVITIES |
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| Profit before taxation |
|
|
9,226,394 |
|
6,262,983 |
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| Adjustments
for non-cash charges and other items: |
| Depreciation |
|
|
984,017 |
|
791,451 |
| Loss on liquidation
of subsidiaries |
|
|
12,816 |
|
24,922 |
| Provision
for : |
| - trade debts |
|
|
325,000 |
|
- |
| -
stores and spares |
|
|
3,000 |
|
- |
| - claims receivable |
|
|
51,659 |
|
- |
| - railway claims |
|
|
5,441 |
|
- |
- disputed demands
for customs duty and
petroleum development
levy |
|
|
12,754 |
|
- |
| - duty claims refundable |
|
|
19,959 |
|
7,150 |
| - other receivables |
|
|
4,374 |
|
- |
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| Retirement
benefits accrued |
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|
483,461 |
|
289,785 |
| Profit on sale
of fixed assets |
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|
(7,919) |
|
(23,377) |
| Dividend income |
|
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(274,753) |
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(402,100) |
| Finance cost |
|
|
370,699 |
|
189,073 |
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11,216,902 |
|
7,139,887 |
| Working
capital changes: |
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| Decrease/(increase)
in stores, spares and loose tools |
|
|
57,197 |
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(86,555) |
| (Increase) in stock-in-trade |
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|
(5,612,660) |
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(6,659,752) |
| (Increase) in trade
debts |
|
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(1,174,581) |
|
(2,141,263) |
| (Increase) in loans
and advances |
|
|
(74,471) |
|
(65,987) |
| Decrease in trade
deposits and short-term prepayments |
|
|
245,164 |
|
126,136 |
| (Increase)/ decrease
in other receivables |
|
|
(3,155,627) |
|
282,159 |
| Increase in trade
and other payables |
|
|
5,712,380 |
|
5,221,477 |
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(4,002,598) |
|
(3,323,785) |
| Cash inflow from
operations |
7,214,304 |
|
3,816,102 |
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| Decrease in long-term
loans, advances and receivables |
|
|
142,921 |
|
134,366 |
| (Increase) in long-term
deposits and prepayments |
|
|
(33,970) |
|
(17,137) |
| Taxes
paid |
|
|
(1,579,676) |
|
(2,194,151) |
| Finance cost paid |
|
|
(337,220) |
|
(172,788) |
| Retirement benefits
paid |
|
|
(160,700) |
|
(113,800) |
| Net cash inflow from operating
activities |
|
|
5,245,659 |
|
1,452,592 |
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| CASH
FLOW FROM INVESTING ACTIVITIES |
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|
| Fixed capital expenditure |
|
|
(1,506,408) |
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(2,095,563) |
| Sale proceeds of
fixed assets |
|
|
12,087 |
|
26,170 |
| Dividends received |
|
|
274,753 |
|
402,100 |
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| Net cash (outflow)
from investing activities |
|
|
(1,219,568) |
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(1,667,293) |
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| CASH
FLOW FROM FINANCING ACTIVITIES |
|
|
| Repayment of long-term
loan |
|
|
(4,753) |
|
(4,753) |
| Payment made for
assets subject to finance leases |
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|
- |
|
(1,863) |
| Proceeds from -
long-term deposits |
|
|
62,162 |
|
118,686 |
| Proceeds from -
short-term borrowings |
|
|
534,000 |
|
2,164,000 |
| Dividends paid |
|
|
(3,616,669) |
|
(2,882,686) |
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| Net cash (outflow)
/ inflow from financing activities |
|
|
(3,025,260) |
|
(606,616) |
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| Net increase in
cash and cash equivalents |
|
|
1,000,831 |
|
(821,317) |
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| Cash and cash equivalents
at the beginning of the year |
|
|
(1,192,500) |
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(371,183) |
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| Cash and cash equivalents
at the end of the year |
34 |
|
(191,669) |
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(1,192,500) |
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| The
annexed notes form an integral part of these financial
statements. |
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