ITTEHAD CHEMICALS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED
|
|
|
NOTE |
|
2003 |
|
2002 |
|
|
|
|
|
(RUPEES 000’s) |
||
|
Sales |
|
23 |
|
1,321,118
|
|
1,307,119 |
|
|||
|
Cost
of sales |
|
24 |
|
1,156,066
|
|
1,125,734 |
|
|||
|
Gross
profit |
|
|
|
165,052 |
|
181,385 |
|
|||
|
Other
income |
|
25 |
|
2,705 |
|
18,624 |
|
|||
|
|
|
|
|
167,757 |
|
200,009 |
|
|||
|
Administrative
and selling expenses |
|
26 |
|
70,490 |
|
83,559 |
|
|||
|
Other
charges |
|
27 |
|
8,335 |
|
9,585 |
|
|||
|
|
|
|
|
78,825 |
|
93,144 |
|
|||
|
Operating profit |
|
|
|
88,932 |
|
106,865 |
|
|||
|
Financial
charges |
|
28 |
|
12,871 |
|
10,405 |
|
|||
|
Profit
before taxation |
|
|
|
76,061 |
|
96,460 |
|
|||
|
Taxation |
|
29 |
|
|
|
|
|
|||
|
Current |
|
|
|
19,980 |
|
36,100 |
|
|||
|
Prior |
|
|
|
8,241 |
|
(7,166) |
|
|||
|
Deferred |
|
|
|
698 |
|
14,719 |
|
|||
|
|
|
|
|
28,919 |
|
43,653 |
|
|||
|
Profit
after taxation |
|
|
|
47,142 |
|
52,807 |
|
|||
|
Unappropriated
profit brought forward |
|
|
|
151,228 |
|
135,921 |
|
|||
|
Balance
available for appropriation Unappropriated profit carried forward |
|
|
|
198,370 |
|
188,728 188,728 |
|
|||
|
Appropriation: |
|
|
|
|
|
|
|
|||
|
Proposed dividend at 15% (2002: 15%) |
|
|
|
37,500 |
|
37,500 |
|
|||
|
Unappropriated profit carried forward |
|
|
|
160,870 |
|
151,228 |
|
|||
|
|
|
|
|
|
|
|
||||
Earnings per share
|
30
|
|
Rs. 1.89 |
|
Rs. 2.11 |
|
||||
Note: The
notes form an integral part of these accounts.
CHIEF EXECUTIVE DIRECTOR