Balance Sheet Un-Audited as

        at 31st December 2004   

Pakistan Synthetics Limited Note  Unaudited 

31-12-2004 

(Rs

in '000)

 

  Audited 

30-06-2004
Balance Sheet - Unaudited
As at 31 December 2004
 
SHARE CAPITAL AND RESERVES      
Authorised capital        
70,000,000 ordinary shares of        
 Rs. 10 each              700,000                700,000
Issued, subscribed and paid up capital              560,400                560,400
Revenue reserve              412,500                412,500
Unappropriated profit                14,598                 31,626
               987,498             1,004,526
DEFERRED LIABILITIES        
Staff retirement benefit                28,976                 26,621
Deferred taxation                57,525                 67,545
CURRENT LIABILITIES        
Short term running finance under         
mark up arrangement - secured 4                9,679                        -  
Short-term advance 5              60,000                 70,000
Short term murabaha finance facility 6            130,000                        -  
Creditors, accrued and other liabilities 7            221,154                188,001
               420,833                258,001
CONTINGENCIES &

COMMITMENTS

        
8                      -                          -  
            1,494,832             1,356,693

 
  Note Unaudited 

31-12-2004

 

(Rs

in '000)

 

  Audited 

30-06-2004

 
TANGIBLE FIXED ASSETS         
Operating assets 9             531,518                 567,159
Capital work-in-progress 10                 1,400                    1,897
                532,918                 569,056
LONG TERM LOANS - unsecured                    976                       852
LONG TERM DEPOSITS                      337                       347
CURRENT ASSETS        
         
Stores and spares               130,781                 131,377
Stock-in-trade 11             510,328                 308,752
Trade debts-unsecured 12             238,602                 243,172
Loans, advances, prepayments        
 and other receivables 13               75,773                  37,105
Cash and bank balances                   5,117                  66,032
              960,601                 786,438
   
         1,494,832            1,356,693
   
The annexed notes 1 to 18 form an integral part of these accounts.

 

Notes Accompanying the Balance Sheet