Balance Sheet

As at June 30, 2010

ASSETS
Non-current assets
Fixed assets 3 3,324,333 3,934,473
Long-term loans and advances 4 15,570 28,509
Long-term deposits 5 7,122 7,222
3,347,025 3,970,204
Current assets
Stores and spares 6 111,567 128,483
Stock-in-trade 7 5,198,367 4,088,858
Trade debts 8 1,613,247 1,736,631
Loans and advances 9 839,819 894,459
Short-term prepayments 10 18,778 16,876
Accrued return on bank deposits 57,254 50,944
Other receivables 11 196,241 67,902
Cash and bank balances 12 15,755,980 9,731,166
23,791,253 16,715,319
TOTAL ASSETS 27,138,27 20,685,523
EQUITY
Share capital
Authorised capital
100,000,000 (2009: 100,000,000) Ordinary shares of Rs 10 each 1,000,000 1,000,000
Issued, subscribed and paid-up capital 13 786,000 786,000
Reserves 14 11,801,615 9,510,973
12,587,615 10,296,973
LIABILITIES
Non-current liabilities
Deferred taxation 15 325,797 503,700
325,797 503,700
Current liabilities
Trade, other payables and provisions 16 5,905,062 3,942,988
Advances from customers and dealers 17 8,076,281 5,926,529
Accrued mark-up 944 673
Short-term running finance 18 - Taxation - net 19 242,579 14,660
14,224,866 9,884,850
CONTINGENCIES AND COMMITMENTS 20
TOTAL EQUITY AND LIABILITIES 27,138,278 20,685,523

Profit and Loss Account

For the year ended June 30, 2010

Note 2010 2009

(Rupees in '000)
Net sales 21 60,093,139 37,864,604
Cost of sales 21 55,382,306 35,540,418
Gross profit 4,710,833 2,324,186
Distribution expenses 22 468,496 469,985
Administrative expenses 23 381,575 352,249
850,071 822,234
3,860,762 1,501,952
Other operating expenses 25 416,106 156,479
3,444,656 1,345,473
Other operating income 26 1,801,459 727,080
5,246,115 2,072,553
Finance costs 27 3,576 26,540
Profit before taxation 5,242,539 2,046,013
Taxation 28 1,799,136 660,911
Profit after taxation 3,443,403 1,385,102
(Rupees)
Earnings per share 29 43.81 17.62
The annexed notes 1 to 41 form an integral part of these financial statements.

Statement of Comprehensive Income

For the year ended June 30, 2010
2010 2009
(Rupees in '000)
Profit for the year 3,443,403 1,385,102
Other comprehensive income
Unrealised gain on revaluation of foreign exchange contracts 32,351 6,112
Total comprehensive income for the year 3,475,754 1,391,214
The annexed notes 1 to 41 form an integral part of these financial statements.

Cash Flow Statement

For the year ended June 30, 2010
Note 2010 2009
(Rupees in '000)
CASH FLOWS FROM OPERATING ACTIVITIES
Cash generated from operations 30 7,952,792 6,538,777
Interest paid (77,415) (8,267)
Workers Profit Participation Fund paid (282,674) (105,538)
Workers Welfare Fund paid (37,587) (50,069)
Interest received 1,605,244 612,950
Income tax paid (1,749,120) (465,156)
Movement in long-term loans and advances 12,939 13,832
Movement in long-term deposits 100
Net cash generated from operating activities 7,424,279 6,536,529
CASH FLOWS FROM INVESTING ACTIVITIES
Fixed capital expenditure (270,252) (721,823)
Proceeds from disposal of fixed assets 19,864 42,806
Investment made in listed mutual fund units (1,490,000) Proceeds from redemption of investment in listed mutual fund units 1,515,186 55,922
Net cash used in investing activities (225,202) (623,095)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid (1,174,263) (510,853)
Net cash used in financing activities (1,174,263) (510,853)
Net increase in cash and cash equivalents 6,024,814 5,402,581
Cash and cash equivalents at the beginning of the year 9,731,166 4,328,585
Cash and cash equivalents at the end of the year 31 15,755,980 9,731,166
The annexed notes 1 to 41 form an integral part of these financial statements.