|
SALLY TEXTILE MILLS LIMITED |
||||
| CASH FLOW STATEMENT | ||||
| FOR THE YEAR ENDED SEPTEMBER 30, 2002 | ||||
| 2002 | 2001 | |||
| (Rupees) | (Rupees) | |||
| Cash Flow From Operating Activities | ||||
| Net Profit / (Loss) Before Taxation | (21,990,586) | (1,681,864) | ||
| Adjustments For: | ||||
| Prior Years' Adjustments | (5,114,728) | 0 | ||
| Depreciation | 17,911,755 | 21,088,480 | ||
| (Profit) / Loss on Sale of Fixed Assets | (3,740,118) | - | ||
| Balance Written Back | (1,143,837) | - | ||
| Interest Expense | 35,745,372 | 50,403,075 | ||
| Gratuity Provision | 6,682,200 | 5,128,231 | ||
| Operating Profit Before Working Capital Changes | 28,350,058 | 74,937,923 | ||
| (Increase) / Decrease in Stores and Spares | 905,289 | (297,701) | ||
| (Increase) / Decrease in Stock in Trade | (9,340,948) | 3,439,939 | ||
| (Increase) / Decrease in Trade Debtors | (95,329) | (64,095) | ||
| (Increase) / Decrease in Advances, Deposits, Prepayments & Other Receivables | 4,124,112 | 4,711,344 | ||
| Increase / (Decrease) in Creditors, Accruals & Other Liabilities | (296,715) | 25,538,354 | ||
| Gratuity Paid | (3,086,180) | (1,684,159) | ||
| (7,789,771) | 31,643,682 | |||
| Cash Generated From Operations | 20,560,287 | 106,581,605 | ||
| Interest Paid | (20,183,227) | (57,492,438) | ||
| Tax Paid | (3,451,197) | (5,078,147) | ||
| Net Cash (Used in) / Generated From Operating Activities | (3,074,137) | 44,011,020 | ||
| Cash Flow From Investing Activities | ||||
| Addition to Fixed Assets | (3,260,528) | (25,419,042) | ||
| (Increase) / Decrease Capital work in progress | (820,542) | 5,983,277 | ||
| (Increase) / Decrease in Long Term Loans & Advances | (706,642) | (374,372) | ||
| (Increase) / Decrease in Long Term Deposits | (4,010,423) | 2,542,220 | ||
| Sale Proceeds on Disposal of Fixed Assets | 10,096,624 | - | ||
| Net Cash (Used in) / Generated From Investing Activities | 1,298,489 | (17,267,917) | ||
| Cash Flow From Financing Activities | ||||
| Increase / (Decrease) in Long Term Finances | (1,484,936) | (9,805,317) | ||
| Increase / (Decrease) in Short Term Finances | 4,521,847 | (16,195,963) | ||
| Dividend paid | (894,529) | (2,384,153) | ||
| Net Cash Generated From Financing Activities | 2,142,382 | (28,385,433) | ||
| Net Increase / (Decrease) in Cash & Cash Equivalents | 366,734 | (1,642,330) | ||
| Cash & Cash Equivalents at Beginning of the Period | 404,271 | 2,046,601 | ||
| Cash & Cash Equivalents at the end of the Period | 771,005 | 404,271 | ||
| MIAN IQBAL SALAH-UD-DIN | MIAN YOUSAF SALAH-UD-DIN | |||
| Chief Executive | Director | |||
| (AUDITORS REPORT) | ||||
| Date : January 28, 2003 | (As per annexed) | |||
| Place : LAHORE | ||||