MS AR 2018 (1)
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The heading of following separate line item presented in the statement of profit or loss account & other<br />
comprehensive income has been changed for better presentation:<br />
Previous heading<br />
New heading<br />
Distribution and marketing costs<br />
Sales and marketing expenses<br />
Reclassification changes:<br />
The Company has changed the classification of certain items in its financial statements to ensure compliance with<br />
disclosure requirements of the Act and for purpose of better presentation. Accordingly, following comparative<br />
figures of items in financial statements have been reclassified:<br />
Reclassified from component Reclassified to component Rupees<br />
Other receivables<br />
Loans and advances<br />
- Current portion of long-term - Current portion of long-term<br />
loans to employees loans to employees 2,471,167<br />
Other receivables<br />
Deposits, prepayments and other receivables<br />
- Interest accrued on term deposit receipts - Interest accrued on term deposit receipts 2,634,343<br />
- Other receivables - Other receivables 3,027,007<br />
Current assets<br />
Cash and bank balances<br />
- Short-term investments - Term deposit receipts 305,663,782<br />
Trade and other payables<br />
Current liabilities<br />
- Unclaimed dividend - Unclaimed dividends 16,127,596<br />
Reclassified from component Reclassified to component Rupees<br />
Trade and other payables<br />
Short-term loans from banking companies<br />
- Murabaha - Murabaha financing 1,360,703,635<br />
Short-term loans from banking companies<br />
Current liabilities<br />
- Loan from sponsor shareholders - Short-term loans from<br />
Directors and their relatives 37,082,301<br />
Cost of sales<br />
Cost of sales<br />
- Conversion charges paid to - Other manufacturing expenses 473,728,607<br />
contract manufacturers<br />
Stores, spares and loose tools consumed<br />
Fuel and power<br />
- Furnace oil - Furnace oil 444,011,116<br />
Cost of sales<br />
Administrative expenses<br />
- Salaries & benefits - Salaries & benefits 23,615,877<br />
In addition to the above, certain prior year amounts in the statement of cash flows have been reclassified for<br />
consistency with the current year presentation. These reclassifications had no effect on the reported results of<br />
the operations.<br />
Annual Report <strong>2018</strong><br />
135
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