| DANDOT CEMENT COMPANY LIMITED |
| CASH FLOW STATEMENT |
| FOR
THE PERIOD ENDED DECEMBER 31, 2004 ( UN-AUDITED ) |
| |
|
|
December |
|
December |
| |
|
|
2004 |
|
2003 |
| |
|
|
( Rupees in thousand ) |
| |
CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
| |
|
|
|
|
|
| |
Profit / (Loss) before taxation |
36,958 |
|
(23,044) |
| |
Adjustments of items not involving movement of
cash: |
|
|
|
| |
|
Depreciation |
53,604 |
|
101,196 |
| |
|
Provision for Gratuity |
5,239 |
|
4,626 |
| |
|
Exchange fluctuations |
6,278 |
|
20,002 |
| |
|
Amortization of deferred cost |
20,164 |
|
927 |
| |
|
Income on certificate of investment |
(6,702) |
|
(2,514) |
| |
|
Lease liability waiver |
- |
|
(65,307) |
| |
|
Financial charges |
34,317 |
|
37,696 |
| |
|
|
112,900 |
|
96,626 |
| |
|
|
|
|
|
| |
Operating cash flows before working capital
changes |
149,858 |
|
73,582 |
| |
|
|
|
|
|
| |
(Increase)/Decrease in operating asset : |
|
|
|
| |
Stores, spares and loose tools |
(18,717) |
|
(21,478) |
| |
Stock
in trade |
(16,030) |
|
16,014 |
| |
Trade
debtors |
927 |
|
326 |
| |
Advances, deposits, prepayments |
|
|
|
| |
and other receivables |
(13,581) |
|
(10,800) |
| |
Increase/(Decrease) in creditors, accrued and |
|
|
|
| |
other liabilities |
(2,510) |
|
(11,079) |
| |
|
|
(49,911) |
|
(27,017) |
| |
|
|
|
|
|
| |
|
|
99,947 |
|
46,565 |
| |
Long term advances and deposits |
37 |
|
93 |
| |
Gratuity paid |
(957) |
|
(3,407) |
| |
Financial charges paid |
(14,846) |
|
(22,645) |
| |
Income tax paid |
(506) |
|
(4,453) |
| |
Net Cash Flows From Operating Activities |
83,675 |
|
16,153 |
| |
|
|
|
|
|
| |
CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
| |
|
|
|
|
|
| |
Fixed assets - Tangible |
(8,210) |
|
(39) |
| |
Certificate of investments |
- |
|
(59,400) |
| |
Long term loans and deposits |
(16) |
|
242 |
| |
Net Cash Flows From Investing Activities |
(8,226) |
|
(59,197) |
| |
|
|
|
|
|
| |
CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
| |
|
|
|
|
|
| |
Repayment of lease liability (Net) |
(1,673) |
|
(79,879) |
| |
Past dues - CBA |
(907) |
|
(3,986) |
| |
Sponsors loans |
28,706 |
|
182,000 |
| |
Short term borrowings |
(42,350) |
|
85,652 |
| |
Long term loans and liabilities |
(37,700) |
|
(83,576) |
| |
Net Cash Flows From Financing Activities |
(53,924) |
|
100,211 |
| |
|
|
|
|
|
| |
Net Increase /(Decrease) in Cash and Cash
Equivalents |
21,525 |
|
57,167 |
| |
Cash and cash equivalents at beginning of the
period |
20,087 |
|
14,194 |
| |
|
|
|
|
|
| |
Cash and cash equivalents at end of the period |
41,612 |
|
71,361 |
| |
|
|
|
|
|
| |
|
|
|
|
|
| |
|
|
|
|
|
| |
|
|
|
|
|
| |
|
|
|
|
|
| |
|
|
|
|
|
| |
A.SHOEB PIRACHA |
ABDUR RAFIQUE KHAN |
| |
DIRECTOR |
CHIEF EXECUTIVE |
|
|
|
|
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|