SAUDI PAK INDUSTRIAL AND AGRICULTURAL INVESTMENT COMPANY LIMITED |
CONDENSED
INTERIM UNCONSOLIDATED CASH FLOW STATEMENT [UN-AUDITED] |
FOR THE
QUARTER ENDED MARCH 31, 2011 |
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March 31, |
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March 31, |
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2011 |
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2010 |
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Rupees |
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Rupees |
CASH FLOW
FROM OPERATING ACTIVITIES |
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Profit/(Loss)
before taxation |
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5,039,955 |
|
186,714,056 |
Less: Dividend income |
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(21,180,723) |
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(23,333,600) |
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(16,140,768) |
|
163,380,456 |
Adjustments
for non-cash charges |
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Depreciation |
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28,261,789 |
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27,849,274 |
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Provision Against Non-performing Advances |
(20,043,529) |
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(29,546,267) |
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Provision for diminution in value of
investments |
(624,500) |
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- |
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Others provision |
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- |
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- |
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Income from dealing in foreign currencies |
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- |
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- |
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Loss/ (Gain) on sale of fixed assets |
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(531,546) |
|
(3,499) |
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Provision for gratuity |
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1,280,580 |
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1,281,000 |
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Deferred Income |
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(10,873,902) |
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(9,656,928) |
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Unrealized gain on revaluation of investment -
Held for trading |
4,403,476 |
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5,283,996 |
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1,872,368 |
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(4,792,424) |
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(14,268,400) |
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158,588,032 |
(Increase)/
Decrease in operating assets |
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Lendings to financial institutions and others |
(89,519,750) |
|
67,262,728 |
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Held for trading securities |
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(25,936,726) |
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(129,258,416) |
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Advances |
|
161,003,072 |
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(414,561,891) |
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Other assets (excluding current taxation) |
|
(102,984,925) |
|
3,483,973 |
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(57,438,329) |
|
(473,073,606) |
(Increase)/
Decrease in operating liabilities |
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Borrowings from financial institutions |
|
(1,209,429,773) |
|
452,470,686 |
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Deposits |
|
19,199,650 |
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(1,018,954,780) |
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Deferred libilities |
|
16,882,598 |
|
(4,724,732) |
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Other liabilities (excluding current taxation) |
(3,460,191) |
|
1,206,566 |
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|
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(1,176,807,716) |
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(570,002,260) |
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(1,248,514,445) |
|
(884,487,834) |
Payment of
provision against off-balance sheet obligations |
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Gratuity paid |
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(6,171,820) |
|
(432,698) |
Income tax
paid |
|
(13,542,208) |
|
(414,085,197) |
Net cash flow
from operating activities |
|
(19,714,028) |
|
(414,517,895) |
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|
|
(1,268,228,473) |
|
(1,299,005,729) |
CASH FLOW
FROM INVESTING ACTIVITIES |
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Net
investments in available for sale securities |
|
1,054,479,604 |
|
(581,548,556) |
Net
investments in held to maturity securities |
|
70,991,450 |
|
67,402,173 |
Net
investments in subsidaries |
|
- |
|
- |
Dividend
received |
|
3,014,781 |
|
13,778,090 |
Investment in
operating fixed assets |
|
59,359,818 |
|
(2,184,424) |
Sale proceeds
of property and equipment disposed-off |
882,985 |
|
3,500 |
Net cash flow
from investing activities |
|
1,188,728,638 |
|
(502,549,217) |
CASH FLOW
FROM FINANCING ACTIVITIES |
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|
|
Issue of
share capital |
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- |
|
- |
Dividend paid |
|
- |
|
- |
Net cash flow
from financing activities |
|
- |
|
- |
Increase/(Decrease)
in cash and cash equivalents |
(79,499,835) |
|
(1,801,554,946) |
Cash and cash
equivalents at beginning of the year |
259,178,848 |
|
2,582,774,521 |
Cash and cash
equivalents at the end of the year |
179,679,013 |
|
781,219,575 |
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| The annexed notes 1 to 19 form an integral part of this condensed interim unconsolidated financial information. |
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___________________________ |
__________ |
_______________ |
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__________ |
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General Manager/Chief Executive |
Director |
Director |
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Chairman |
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