LUCKY CEMENT LIMITED
BALANCE SHEET
AS AT JUNE 30, 2008
Note 2008 2007
(Rupees in '000')
ASSETS
NON-CURRENT ASSETS
Property, plant and equipment 5 25,829,520 20,318,908
Long term deposits 2,175 2,175
25,831,695 20,321,083
CURRENT ASSETS
Stores and spares 6 4,160,146 1,993,573
Stock-in-trade 7 709,372 676,256
Trade debts â?" considered good 8 720,314 476,667
Loans and advances 9 163,844 241,821
Trade deposits and short term prepayments 10 189,641 9,661
Other receivables 11 890,204 183,138
Tax refunds due from the government 12 538,812 538,812
Taxation-net 130,899 50,057
Sales tax refundable 13 634,136 -
Cash and bank balances 14 270,011 1,239,158
8,407,379 5,409,143
TOTAL ASSETS 34,239,074 25,730,226
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES
Share capital 15 3,233,750 2,633,750
Reserves 16 15,421,673 6,719,800
18,655,423 9,353,550
NON â?" CURRENT LIABILITIES
Long term finance 17 6,633,333 8,335,604
Long term deposits 18 30,252 25,863
Deferred liabilities 19 174,171 147,245
Deferred taxation 20 1,058,998 1,515,535
7,896,754 10,024,247
CURRENT LIABILITIES
Trade and other payables 21 3,549,543 1,546,699
Accrued mark-up 22 288,977 326,181
Short term borrowings 23 3,606,710 2,864,397
Current portion of long term finance 17 241,667 1,615,152
7,686,897 6,352,429
CONTINGENCIES AND COMMITMENTS 24
34,239,074 25,730,226
The annexed notes from 1 to 42 form an integral part of these financial statements.
Director Chief Executive
LUCKY CEMENT LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED JUNE 30, 2008
Note 2008 2007
(Rupees in â??000')
Turnover â?" net 25 16,957,879 12,521,861
Cost of s ...