|
SALLY TEXTILE MILLS LIMITED |
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| PROFIT & LOSS ACCOUNT | |||||
| FOR THE YEAR ENDED SEPTEMBER 30, 2002 | |||||
| 2002 | 2001 | ||||
| Note | <Rupees> | <Rupees> | |||
| SALES | 19 | 469,461,034 | 573,589,349 | ||
| COST OF SALES | 20 | 443,787,452 | 496,204,161 | ||
| GROSS PROFIT | 25,673,582 | 77,385,188 | |||
| OPERATING EXPENSES | |||||
| ADMINISTRATIVE EXPENSES | 21 | 16,525,646 | 22,506,206 | ||
| SELLING EXPENSES | 22 | 6,071,525 | 5,892,426 | ||
| 22,597,171 | 28,398,632 | ||||
| OPERATING PROFIT | 3,076,411 | 48,986,556 | |||
| FINANCIAL EXPENSES | 23 | 35,745,372 | 50,403,075 | ||
| OTHER CHARGES/(INCOME) | 24 | (5,563,647) | 265,345 | ||
| 30,181,725 | 50,668,420 | ||||
| (27,105,314) | (1,681,864) | ||||
| PRIOR YEARS' ADJUSTMENT | 25 | 5,114,728 | - | ||
| PROFIT/(LOSS) BEFORE TAXATION | (21,990,586) | (1,681,864) | |||
| TAXATION | |||||
| Current Year | 26 | 2,356,423 | 2,867,947 | ||
| Prior Year | - | 80,409 | |||
| 2,356,423 | 2,948,356 | ||||
| PROFIT/('LOSS) AFTER TAXATION | (24,347,009) | (4,630,220) | |||
| ACCUMULATED LOSS BROUGHT FORWARD | (369,101,755) | (364,471,535) | |||
| ACCUMULATED LOSS CARRIED TO BALANCE SHEET | (393,448,764) | (369,101,755) | |||
| Earning/(Loss) per share | 27 | (2.775) | (0.528) | ||
| The annexed notes form an integral part of these accounts. | |||||
| MIAN IQBAL SALAH-UD-DIN | MIAN YOUSAF SALAH-UD-DIN | ||||
| Chief Executive | Director | ||||
| (AUDITORS REPORT) | |||||
| Date : | (As per annexed) | ||||
| Place : LAHORE | |||||