| DANDOT CEMENT COMPANY LIMITED |
| CASH FLOW STATEMENT |
| FOR
THE PERIOD ENDED SEPTEMBER 30, 2006 ( UN-AUDITED ) |
|
|
|
September |
|
September |
|
|
|
2006 |
|
2005 |
|
|
|
( Rupees in thousand ) |
|
CASH FLOWS FROM OPERATING ACTIVITIES |
|
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|
|
|
|
|
|
|
|
(Loss) / profit before taxation |
(85,618) |
|
36,423 |
|
Adjustments of items not involving movement of
cash: |
|
|
|
|
|
Depreciation |
24,631 |
|
25,127 |
|
|
Provision for Gratuity |
3,421 |
|
4,099 |
|
|
Exchange fluctuations |
11,110 |
|
(9,512) |
|
|
Amortization of deferred cost |
- |
|
10,082 |
|
|
Financial charges |
23,063 |
|
17,689 |
|
|
|
62,225 |
|
47,485 |
|
|
|
|
|
|
|
Operating cash flows before working capital
changes |
(23,393) |
|
83,908 |
|
|
|
|
|
|
|
(Increase)/Decrease in operating asset : |
|
|
|
|
Stores, spares and loose tools |
38,861 |
|
2,008 |
|
Stock
in trade |
(31,552) |
|
1,471 |
|
Trade
debtors |
- |
|
(150) |
|
Loans
and advances |
(2,821) |
|
(2,210) |
|
Deposits and short term prepayments |
(831) |
|
(1,128) |
|
Other
receivables |
(766) |
|
(712) |
|
Increase/(Decrease) in trade and other payables |
45,809 |
|
28,085 |
|
|
|
48,700 |
|
27,364 |
|
|
|
|
|
|
|
|
|
25,307 |
|
111,272 |
|
Long term advances and deposits |
150 |
|
(5) |
|
Gratuity paid |
(6,180) |
|
- |
|
Financial charges paid |
(16,186) |
|
(17,734) |
|
Income tax paid |
(528) |
|
(225) |
|
Net Cash Flows From Operating Activities |
2,563 |
|
93,308 |
|
|
|
|
|
|
|
CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
Fixed assets - Tangible |
(28,284) |
|
(2,149) |
|
Long term loans and deposits |
147 |
|
73 |
|
Net Cash Flows From Investing Activities |
(28,137) |
|
(2,076) |
|
|
|
|
|
|
|
CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
Repayment of lease liability (Net) |
(1,716) |
|
(846) |
|
Sponsors fresh funds |
250,000 |
|
|
|
Past dues - CBA |
(19,018) |
|
(5,839) |
|
Sponsors loans |
- |
|
(25,156) |
|
Short term borrowings |
27,933 |
|
(27,212) |
|
Long term loans and liabilities |
(19,220) |
|
(32,085) |
|
Net Cash Flows From Financing Activities |
237,979 |
|
(91,138) |
|
|
|
|
|
|
|
Net Increase /(Decrease) in Cash and Cash
Equivalents |
212,405 |
|
94 |
|
Cash and cash equivalents at beginning of the
period |
84,715 |
|
8,028 |
|
|
|
|
|
|
|
Cash and cash equivalents at end of the period |
297,120 |
|
8,122 |
|
|
|
|
|
|
|
Statement under Section 241(2) of the Companies
Ordinance, 1984 |
|
|
These Financial Statements have been
signed by two Directors instead of Chief Executive and one Director as the
Chief Executive is not in Pakistan for the time being. |
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A.SHOEB PIRACHA |
M.TOUSIF PERACHA |
|
DIRECTOR |
DIRECTOR |
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