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SAUDI PAK INDUSTRIAL AND AGRICULTURAL
INVESTMENT COMPANY LIMITED |
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CASH FLOW STATEMENT FOR THE PERIOD ENDED MARCH 31, 2010 (UNAUDITED) |
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March 31, |
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March 31, |
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2010 |
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2009 |
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Rupees |
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Rupees |
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CASH FLOW FROM OPERATING ACTIVITIES |
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Profit/(Loss) before taxation |
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186,714,056 |
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47,324,452 |
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Less:
Dividend income |
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(23,333,600) |
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(15,239,023) |
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Markup/return/interest earned |
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(366,961,589) |
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(541,586,367) |
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(390,295,189) |
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(556,825,390) |
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(203,581,133) |
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(509,500,938) |
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Adjustments for non-cash charges |
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Markup/return/interest expensed |
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260,480,370 |
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441,602,228 |
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Depreciation |
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27,849,274 |
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26,746,415 |
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Provision Against Non-performing Advances |
(29,546,267) |
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160,793,810 |
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Provision for diminution in value of
investments |
- |
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(2,725,785) |
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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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Loss/ (Gain) on sale of fixed assets |
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(3,499) |
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- |
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Provision for gratuity |
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1,281,000 |
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1,275,000 |
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Rental Income |
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(9,656,928) |
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(10,484,162) |
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Unrealized gain on revaluation of investment -
Held for trading |
5,283,996 |
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(1,716,024) |
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255,687,946 |
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615,491,482 |
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52,106,813 |
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105,990,544 |
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(Increase)/ Decrease in operating assets |
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Lendings to financial institutions and others |
67,262,728 |
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370,000,000 |
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Held for trading securities |
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(129,258,416) |
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30,843,221 |
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Advances |
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(414,561,891) |
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113,982,902 |
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Other assets (excluding current taxation) |
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61,096,245 |
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(64,631,693) |
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(415,461,334) |
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450,194,430 |
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(Increase)/ Decrease in operating liabilities |
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Borrowings from financial institutions |
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452,470,686 |
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(2,898,323,735) |
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Deposits |
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(1,018,954,780) |
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1,645,403,864 |
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Deferred income |
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(4,724,732) |
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(12,878,773) |
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Other liabilities (excluding current taxation) |
(4,104,038) |
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(2,531,867) |
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(575,312,864) |
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(1,268,330,511) |
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(938,667,385) |
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(712,145,537) |
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Payment of provision against off-balance sheet
obligations |
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Markup/return/interest received |
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309,349,317 |
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434,167,156 |
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Markup/return/interest paid |
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(255,169,766) |
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(372,098,984) |
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Gratuity paid |
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(432,698) |
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(459,186) |
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Income tax paid |
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(414,085,197) |
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(11,910,468) |
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Net cash flow from operating activities |
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(360,338,344) |
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49,698,518 |
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(1,299,005,729) |
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(662,447,019) |
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CASH FLOW FROM INVESTING ACTIVITIES |
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Net investments in available for sale
securities |
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(581,548,556) |
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196,147,765 |
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Net investments in held to maturity securities |
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67,402,173 |
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38,813,501 |
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Net investments in subsidaries |
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- |
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- |
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Dividend received |
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13,778,090 |
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5,527,708 |
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Investment in operating fixed assets |
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(2,184,424) |
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(4,575,751) |
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Sale proceeds of property and equipment
disposed-off |
3,500 |
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- |
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Net cash flow from investing activities |
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(502,549,217) |
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235,913,223 |
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CASH FLOW FROM FINANCING ACTIVITIES |
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Issue of share capital |
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- |
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- |
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Dividend paid |
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- |
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- |
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Net cash flow from financing activities |
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- |
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- |
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Increase/(Decrease) in cash and cash
equivalents |
(1,801,554,946) |
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(426,533,796) |
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Cash and cash equivalents at beginning of the
year |
2,582,774,521 |
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1,327,401,417 |
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Cash and cash equivalents at the end of the
year |
781,219,575 |
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900,867,620 |
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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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