SAUDI PAK INDUSTRIAL AND AGRICULTURAL
INVESTMENT COMPANY LIMITED
STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD
ENDED MARCH 31, 2010 (UNAUDITED)
Issued,
subscribed
General
Capital
Accumulated
and paid up
capital
Reserve fund
Reserve
Reserve
Profit/(Loss)
Total
Rupees
Rupees
Rupees
Rupees
Rupees
Rupees
Balance as at January 01, 2009
5,000,000,000
2,405,924,590
-
-
(918,583,349)
6,487,341,241
Profit for the period ended March 31, 2009
-
-
-
-
44,824,452
44,824,452
Transfer to reserve fund
-
8,964,890
-
-
(8,964,890)
-
Transfer to general fund
-
-
-
-
-
-
Incremental depreciation on revalued fixed assets
-
-
-
-
13,848,927
13,848,927
Dividend paid
-
-
-
-
-
-
Balance as at March 31, 2009
5,000,000,000
2,414,889,480
-
-
(868,874,860)
6,546,014,620
Profit for the period ended December 31, 2009
-
-
-
-
374,079,642
374,079,642
Transfer to reserve fund
-
74,815,929
-
-
(74,815,929)
-
Transfer to general fund
-
-
-
-
-
-
Incremental depreciation on revalued fixed assets
-
-
-
-
41,546,783
41,546,783
Capital reserves - rescheduling benefit
-
-
-
30,678,110
-
30,678,110
Right issue
1,000,000,000
-
-
-
-
1,000,000,000
Dividend paid
-
-
-
-
-
-
Balance as at December 31, 2009
6,000,000,000
2,489,705,409
-
30,678,110
(528,064,364)
7,992,319,155
Profit for the period ended March 31, 2010
-
-
-
-
181,577,888
181,577,888
Transfer to reserve fund
-
(491,748,786)
*
-
-
491,748,786
-
Transfer to general fund
-
-
159,110,280
-
(159,110,280)
-
Incremental depreciation on revalued fixed assets
-
-
-
-
13,847,970
13,847,970
Capital reserves - rescheduling benefit
-
-
-
(27,200,727)
-
(27,200,727)
Right issue
-
-
-
-
-
Dividend paid
-
-
-
-
-
Balance as at March 31, 2010
6,000,000,000
1,997,956,623
159,110,280
3,477,383
-
8,160,544,286
*During the period the
company transferred Rs. 528.064 million to the accumulated loss in order to
meet the Minimum Capital Requirment of Rs. 6,000 million in accordance with
State Bank of Pakistan's letter No. BSD/BAI-3/608/237/2010 dated March
22, 2010.
