Skip to Content

Tuesday, November 21st, 2017

Aruj Garment Accessories Limited’s financial results for the year ended 30th June 2011

Be First!
by September 30, 2011 Financial Results

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on 30th September 2011 at 11 AM at 2-KM off Raiwind. Manga Road, Raiwind, Lahore, recommended the following:

(i) Cash Dividend

An Interim Cash Dividend for the Year ended 30th June, 2011 at Rs. Nil per share i.e. Nil %. This is in addition to Interim Dividend already paid at Rs. Nil per share i.e. Nil%.

(ii) Bonus Shares

It has been recommended by the Board of Directors to issue Interim Bonus shares in proportion of Nil shares for every Nil shares held i.e. Nil % This is in addition to the Interim Bonus Shares already issued @ Nil.

(iii) Right Shares

The Board has recommended to issue Nil % Right Shares, at par/at a discount/premium of Ps. Nil .per share in proportion of Nil shares for every Nil shares.

(iv) Any Other Entitlement/Corporate Action        Nil

(v) Any Other Price-Sensitive Information          Nil

The Profit and Loss and Balance Sheet for the Year ended 30th June, 2011 are enclosed herewith.

The Annual General Meeting of the Company will be held on 29th October 2011 at 9:00 AM at the Registered office of the Company at 2-KM off Raiwind Manga Road, Raiwind, Lahore.

Statement of Financial Position as at June 30, 2011

 

2011

2010

Equity and Liabilities Note

Rupees

Rupees

Share Capital and Reserves
Share Capital
Authorized
8,000,000 (2010:8,000,000) ordinary
shares of Rs. 10/- each 80,000,000 80,000,000
 ———– ———–
Issued, subscribed and paid up: 5  61,517,000 61,517,000
Retained earnings 27,418,749 18,339,661
———– ———–
Total Equity 88,935,749 79,855,661
Non-Current Liabilities
Long-term finance 6 4,414,547
Liabilities against assets subject to
Finance lease 7 2,271,888 4,127,893
Loan from directors 8 29,833,132 32,071,182
Deferred liabilities 9 17,091,910 16,458,262
 ———–  ———–
49,196,910 57,071,884
Current Liabilities
Trade and other payables 10 55,630,801 46,136,656
Accrued mark-up 2,038,816 1,710,878
Short-term finance-secured  11 42,698,721 49,188,301
Current portion of long term liabilities 12 4,207,124 10,938,752
Provision for taxation 13 3,963,876 3,487,678
———– ———–
108,539,338 112,062,265
Contingencies and Commitments 14
 ———– ———–
 246,671,997 248,990,810
Assets
Non-Current Assets
Property, plant and equipment 15 114,527,076 105,273,203
Capital work in Progress 16 39,800,667 13,420,740
Long term Security deposits 16 1,215,450 1,600,450
Current Assets
Stores, spare parts and loose tools 17 262,622  360,651
Stock in trade 18 18,804,922 43,485,308
Trade debts 19 11,466,378 14,043,283
Loans and advances 20 40,041,584 16,340,191
Trade deposits and short term prepaym 2,335,759  3,691,473
Other receivables 22 5,369,773 22,413,219
Cash and bank balances 23 12,847,766  28,273,292
———– ———–
91,128,804  128,616,417
———– ———–
248,671,997 248,990,810

 

The annexed notes form an integral part of these financial statements.

Chief Executive

Director

Profit and Loss Account for the Year Ended June 30, 2011

 

2011

2010

Note

Rupees

Rupees

Sales- net 24 396,387,622 345,439,418
Cost of sales 25 356,438,791 314,182,885
 ———– ———–
Gross profit 39,948,831 31,256,533
Operating expenses
Distribution and selling Cost 26 5,098,676 3,707,263
Administrative expenses 27 11,450,422 9,781,950
———– ———–
16,549,098 13,489,213
 ———–  ———–
Operating profit 23,399,733 17,767,320
Other operating expenses 28 724,257 509,585
Finance cost 29 9,883,535 10,696,319
Other operating income 30 968,935 272,700
———–  ———–
Profit before taxation 13,760,877 6,834,116
Taxation 31 4,681,789 3,344,928
———– ———–
Profit after taxation 9,079,088 3,489,188
 ———– ———–
Earnings per share – basic 32 1.48 0.57

 

The annexed notes form an integral part of these financial statements.

For more information, contact:
Aruj Garment Accessories Limited
2 KM, Off Raiwind Manga Road,
Raiwind, Lahore
Tel: +92-42-35393125-6
Fax: +92-42-35393127
Website: www.aruj.com
E-mail: info@aruj.com

Previous
Next

Leave a Reply