ITTEHAD
CHEMICALS LIMITED
BALANCE
SHEET
AS AT
|
|
|
|
2003 |
|
|
|
2002 |
|
|
|
NOTE |
|
(RUPEES 000’s) |
|
||||
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|
NON CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
Operating fixed assets |
3 |
|
666,717 |
|
|
|
237,963 |
|
|
Mercury in cells |
|
|
27,715 |
|
|
|
24,911 |
|
|
Mercury held for capital expenditure |
|
|
1,228 |
|
|
|
1,926 |
|
|
Spares held for capital expenditure |
4 |
|
82,620 |
|
|
|
28,168 |
|
|
|
|
|
778,280 |
|
|
|
292,968 |
|
|
|
|
|
|
|
|
|
|
|
Long term investments
|
5 |
|
57,538 |
|
|
|
56,258 |
|
|
|
|
|
|
|
|
|
|
|
|
Long term
security deposits |
|
|
6,808 |
|
|
|
6,808 |
|
|
|
|
|
|
|
|
|
|
|
|
Deferred
cost |
6 |
|
3,269 |
|
|
|
- |
|
|
|
|
|
845,895 |
|
|
|
356,034 |
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stores and spares |
7 |
|
106,778 |
|
|
|
98,224 |
|
|
Stock in trade |
8 |
|
40,395 |
|
|
|
39,651 |
|
|
Trade debts |
9 |
|
148,748 |
|
|
|
104,542 |
|
|
Advances, deposits, prepayments |
|
|
|
|
|
|
|
|
|
and other receivables |
10 |
|
151,306 |
|
|
|
149,072 |
|
|
Cash and bank balances |
11 |
|
286,742 |
|
|
|
16,203 |
|
|
|
|
|
733,969 |
|
|
|
407,692 |
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
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|
Current portion of long term liabilities |
12 |
|
71,277 |
|
|
|
12,275 |
|
|
Short term running finances |
13 |
|
56,967 |
|
|
|
103,927 |
|
|
Creditors, accrued and other liabilities |
14 |
|
144,076 |
|
|
|
159,477 |
|
|
Refundable to unsuccessful subscribers of |
|
|
|
|
|
|
|
|
|
Term Finance Certificates |
15 |
|
212,525 |
|
|
|
- |
|
|
Dividend |
16 |
|
37,500 |
|
|
|
37,500 |
|
|
|
|
|
522,345 |
|
|
|
313,179 |
|
|
NET CURRENT ASSETS |
|
|
211,624 |
|
|
|
94,513 |
|
|
|
|
|
1,057,519 |
|
|
|
450,547 |
|
Share capital
|
17 |
|
250,000 |
|
|
|
250,000 |
|
|
|
Unappropriated profits |
|
|
160,870 |
|
|
|
151,228 |
|
|
Shareholder's equity
|
|
|
410,870 |
|
|
|
401,228 |
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|
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|
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|
|
|
|
|
|
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|
NON CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
|
Redeemable capital |
18 |
|
250,000 |
|
|
|
- |
|
|
|
Long term
loans |
19 |
|
368,945 |
|
|
|
21,782 |
|
|
|
Liabilities
against assets subject |
|
|
|
|
|
|
|
|
|
|
to
finance leases |
20 |
|
218 |
|
|
|
725 |
|
|
|
Deferred
liabilities |
21 |
|
27,486 |
|
|
|
26,812 |
|
|
|
|
|
|
646,649 |
|
|
|
49,319 |
|
|
|
CONTINGENCIES AND COMMITMENTS |
22 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,057,519 |
|
|
|
450,547 |
|
|
Note: The notes form an integral part
of these accounts.
CHIEF EXECUTIVE DIRECTOR