JDW Sugar Mills Limited: Balance Sheet As at 31 March 2015

JDW Sugar Mills Limited
Balance Sheet
As at 31 March 2015
Note
Sugar
Co-Gen
Corporate Farms
Merged
Sugar
Co-Gen
Corporate Farms
Merged
31-Mar-15
31-Mar-15
31-Mar-15
31-Mar-15
30-Sep-14
30-Sep-14
30-Sep-14
30-Sep-14
Rupees
Rupees
Rupees
Rupees
Rupees
Rupees
Rupees
Rupees
EQUITY AND LIABILITIES

Share capital and reserves
Authorised share capital
Issued, subscribed and paid-up capital

Reserves
###
1,000,000,000
###
1,000,000,000
597,766,610
###
597,766,610
###
597,766,610
5,341,702,211
1,381,155,643
(468,763,864)
6,254,093,991
5,901,516,875
134,480,584
(652,483,657)
5,383,513,802
5,939,468,821
1,381,155,643
(468,763,864)
6,851,860,601
5,901,516,875
134,480,584
(652,483,657)
5,981,280,412
NON CURRENT LIABILITIES

Redeemable capital - secured
249,999,999
###
249,999,999
305,555,555
305,555,555
Long term loans - secured
3,751,999,570
3,945,134,339
7,697,133,909
4,944,664,672
3,618,877,994
8,563,542,666
Liabilities against assets subject to finance lease
840,643,982
840,643,982
796,721,716
796,721,716
1,519,901,807
###
1,519,901,807
1,712,957,399
###
1,712,957,399
72,856,373
68,256,699
68,256,699
Deferred taxation
Staff retirement benefits
72,856,373
6,435,401,731
3,945,134,339
10,380,536,070
7,828,156,041
3,618,877,994
11,447,034,035
CURRENT LIABILITIES
Short term borrowings - secured
17,584,683,165
133,148,092
17,717,831,256
9,029,668,636
37,384,310
9,067,052,946
Current portion of non current liabilities
1,338,609,442
394,545,455
1,733,154,897
1,662,132,518
394,545,455
2,056,677,973
Trade and other payables
12,382,076,850
316,965,445
162,358,484
11,395,580,927
4,349,345,894
346,334,699
685,625,868
4,626,936,967
Interest and mark-up accrued
26
424,087,922
80,669,660
504,757,582
399,339,276
86,665,424
12,814,131
498,818,831
31,729,457,379
925,328,651
162,358,484
31,351,324,662
15,440,486,324
864,929,888
698,439,999
16,249,486,717
45,956,342
33,677,801,164
CONTINGENCIES AND COMMITMENTS
`
44,104,327,931
6,251,618,633
`
(306,405,380)
48,583,721,333
29,170,159,240
4,618,288,466
JDW - Unit III Sugar

Note ###
Rupees
Co-Gen
Corporate Farms
Merged
Sugar
Co-Gen
Corporate Farms
Merged
31-Mar-15
31-Mar-15
31-Mar-15
31-Mar-15
30-Sep-14
30-Sep-14
30-Sep-14
30-Sep-14
Rupees
Rupees
Rupees
Rupees
Rupees
Rupees
Rupees
Rupees
NON CURRENT ASSETS

Property, plant and equipment
10###
10,490,062,716
5,827,665,354
1,906,064,214
18,223,792,283
9,789,089,278
5,474,331,342
1,872,822,860
17,136,243,480
Biological assets
17 ##
588,966,754
588,966,754
10,471,822
10,471,822
Investment property
11 ##
173,026,930
Intangible assets
12 ##
608,310,693
Investments
13 ##
3,094,398,050
Long term advances
14###
Long term deposits
173,026,930###
173,026,930###
###
-
-###
173,026,930
17,677,642
625,988,335
608,310,693
18,511,816
626,822,509
3,094,398,050
3,094,398,050
3,094,398,050
58,000,000
58,000,000
1,135,692,880
1,135,692,880
34###
129,910,673
129,910,673
113,273,041
113,273,041
###
14,553,709,062
5,827,665,354
2,512,708,610
22,894,083,025
14,913,790,872
5,474,331,342
1,901,806,499
22,289,928,712
Stores, spares and loose tools
15###
750,120,437
119,065,530
315,804,015
1,184,989,982
703,275,885
176,503,131
241,536,691
1,121,315,707
Stock in trade
16###
18,913,188,775
18,913,188,775
4,383,863,390
Biological assets
17 #
Trade debts - unsecured, considered good
18###
CURRENT ASSETS
415,286,253
Advances, deposits, prepayments and

other receivables
Tax refund due from Government
Cash and bank balances
###
31,084,900
31,084,900
1,086,127,106
12,584,364
1,513,997,723
152,955,687
509,819,529
4,383,863,382
1,681,515,961
1,681,515,961
662,775,216
19###
8,060,199,079
(94,448,872)
(3,184,824,854)
3,315,105,503
7,615,401,941
(56,673,574)
(3,779,301,918)
3,025,056,958
45-05
###
316,667,213
2,661,128
2,862,787
322,191,128
425,887,928
251,415
399,109
426,538,452
20###
1,095,157,112
(689,451,613)
3,374,798
409,080,297
1,572,750,154
(1,485,943,377)
86,806,776
###
29,550,618,869
423,953,279
(2,819,113,990)
25,689,638,308
14,854,134,984
(856,042,877)
(1,855,850,157)
11,387,872,452
###
44,104,327,931
6,251,618,633
(306,405,380)
48,583,721,333
29,767,925,856
4,618,288,465
45,956,342
33,677,801,164

Profit and Loss Account
Six months ended
Corporate Farms
Merged
For the six months and quarter ended 31 March 2015
Note
Gross sales
FED, Sales tax and others
Sugar
Co-Gen
Sugar
31-Mar-15
31-Mar-15
31-Mar-15
31-Mar-15
31-Mar-14
Rupees
Rupees
Rupees
Rupees
Rupees
13,665,793,910
3,304,909,455
2,889,075,970
14,905,964,472
12,548,435,159
(780,439,063)
(154,016,423)
(934,455,486)
(678,576,668)
Net sales
21
12,885,354,847
3,150,893,032
2,889,075,970
13,971,508,986
11,869,858,491
Cost of sales
22
(11,872,842,049)
(1,655,686,644)
(2,684,696,250)
(11,259,410,087)
(10,017,539,852)
1,012,512,798
1,495,206,388
204,379,720
2,712,098,899
1,852,318,639
Gross profit
Administrative expenses
23
(367,413,615)
(7,927,844)
(10,590,655)
(385,932,114)
(258,972,628)
Selling expenses
24
(30,439,592)
(30,439,592)
(57,682,309)
Other income
26
168,479,761
7,675,494
4,800,490
180,955,745
50,759,864
(229,373,446)
(252,350)
(5,790,165)
(235,415,961)
(265,895,073)
783,139,352
1,494,954,038
198,589,555
2,476,682,938
1,586,423,566
Operating profit
Other expenses
25
(58,616,857)
(10,775,460)
(69,392,317)
(71,352,725)
Finance cost
27
(962,489,457)
(248,278,979)
(4,094,295)
(1,214,862,731)
(618,985,899)
(1,021,106,315)
(248,278,979)
(14,869,755)
(1,284,255,049)
(690,338,624)
(237,966,962)
1,246,675,059
183,719,800
1,192,427,890
896,084,942
(22,964,396)
###
(22,964,396)
(88,725,593)
(260,931,358)
1,246,675,059
1
183,719,800
1,169,463,494
807,359,348
Profit / (loss) before taxation

Taxation
28
Profit / (loss) after taxation

Earnings per share
29
19.56
Corporate Farms
Merged
JDWSML
Co-Gen
Corporate Farms
31-Mar-14
31-Mar-14
31-Mar-15
31-Mar-15
31-Mar-15
Rupees
Rupees
Rupees
Rupees
Rupees
3,264,458,740
13,440,491,372
(678,576,668)
3,264,458,740
JDWSML
Corporate Farms
Merged
31-Mar-15
31-Mar-14
31-Mar-14
31-Mar-14
Rupees
Rupees
Rupees
Rupees
2,234,273,116
2,197,075,771
8,032,052,054
6,482,004,997
2,017,822,220
7,026,342,619
(374,147,483)
(81,192,690)
(455,340,173)
(324,910,469)
(324,910,469)
12,761,914,704
7,094,316,760
2,153,080,426
2,197,075,771
7,576,711,881
6,157,094,528
2,017,822,220
6,701,432,150
(3,639,974,581)
(11,285,111,906)
(6,642,877,754)
(979,759,455)
(1,953,209,927)
(5,708,086,060)
(4,827,911,486)
(2,528,277,762)
(5,882,704,650)
(375,515,841)
1,476,802,798
451,439,006
1,173,320,971
243,865,844
1,868,625,821
1,329,183,042
(510,455,542)
818,727,500
(9,713,153)
(268,685,781)
(242,155,556)
(4,373,332)
(6,280,256)
(252,809,144)
(150,159,885)
(5,794,772)
(155,954,657)
(57,682,309)
(7,975,716)
(7,975,716)
(47,784,427)
(47,784,427)
890,222
51,650,086
149,274,856
5,175,961
(2,228,735)
152,222,082
12,485,533
(621,208)
11,864,325
(8,822,931)
(274,718,004)
(100,856,416)
802,629
(8,508,991)
(108,562,778)
(185,458,779)
(6,415,980)
(191,874,759)
(384,338,772)
1,202,084,794
350,582,590
1,174,123,600
235,356,853
1,760,063,043
1,143,724,263
(516,871,522)
626,852,741
(48,243,429)
(50,028,462)
(10,775,460)
(60,803,922)
(16,475,767)
5,047,844
(11,427,923)
(112,204,737)
(731,190,636)
(549,258,192)
(120,751,514)
(1,044)
(670,010,750)
(416,233,817)
(77,515,052)
(493,748,869)
(112,204,737)
(779,434,065)
(599,286,654)
(120,751,514)
(10,776,504)
(730,814,672)
(432,709,584)
(72,467,208)
(505,176,792)
(496,543,509)
422,650,729
(248,704,064)
1,053,372,086
224,580,349
1,029,248,372
711,014,679
(589,338,730)
121,675,949
(88,725,592)
40,157,389
40,157,389
48,260,890
48,260,890
(496,543,509)
333,925,136
(208,546,675)
1,053,372,086
224,580,349
1,069,405,761
759,275,569
(589,338,730)
169,936,839
5.59
7,468,464,243
Quarter ended
Merged
17.89
2.84

Cash Flow Statement
For the six months ended 31 March 2015
Note
31-Mar-15
Rupees
31-Mar-14
Rupees
Cash flow from operating activities

Profit before taxation
Adjustments for non cash and other items:
Finance cost
Depreciation
Fair value loss on biological assets
Amortisation
Workers' profit participation fund
Workers' welfare fund
(Loss)/profit on disposal of operating assets
Gain on sale of investment
1,192,427,890
422,650,729
1,214,862,731
445,974,169
1,019,864
58,421,911
63,091,010
6,301,307
1,789,670,992
2,982,098,881
731,190,636
297,417,702
298,572,986
857,028
55,362,936
24,079,743
6,827,025
(2,578,645)
(20,000,000)
1,391,729,411
1,814,380,140
(63,674,275)
(14,529,325,394)
1,071,936,129
429,938,495
(851,222,507)
(13,942,347,552)
(115,142,941)
(11,487,594,129)
(460,369,837)
1,166,337,794
(350,696,860)
(11,247,465,973)
6,859,868,227
(4,100,380,443)
5,555,607,027
(3,877,478,806)
Net cash used in operations
(112,667,088)
(61,593,779)
(50,327,179)
(224,588,046)
(4,324,968,489)
(87,923,418)
(83,042,212)
(42,164,522)
(213,130,152)
(4,090,608,958)
Cash flow from investing activities

(1,087,548,803)
(2,970,988,320)
Investment in associated company

Payment/adjustmenr with respect to net assets acquired from JKFS
Advances to related parties
Proceeds realized from sale of operating assets
Long term deposits
Investment disposal during the period
Cash used in investing activities
(1,010,807,429)
7,436,967
(16,637,633)
(2,107,556,898)
(1,484,148,050)
(1,767,475,990)
(591,320,659)
3,648,451
(3,115,860)
220,000,000
(6,593,400,428)
Cash flow from financing activities

Long term loans - net
Short term borrowings - net
Finance cost paid
Dividend paid
Lease rentals
Cash generated from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period
(432,103,913)
8,650,778,311
(1,250,272,383)
2,831,109
(216,434,217)
6,754,798,907
322,273,520
86,806,776
409,080,297
1,327,691,506
10,837,829,320
(736,661,467)
(314,900,051)
(207,634,940)
10,906,324,368
222,314,982
41,354,895
263,669,877
Operating profit before working capital changes

(Increase) / decrease in current assets
Stores, spares and loose tools
Stock in trade
Biological assets
Advances, deposits, prepayments and other receivables
Trade debts
Increase in current liabilities
Trade and other payables
Cash (used in) / generated from operations
Income tax paid
Workers' profit participation fund paid
Staff retirement benefits paid
17

Statement of Changes in Equity
Reserves
Share
Capital
Balance as at 30 September 2013
Share
Premium
597,766,610
Accumulated
Profit
Rupees
678,316,928
Total
Reserves
Total
4,212,833,415
4,891,150,343
5,488,916,953
Final dividend @ Rs. 6.00 per share
(358,659,966)
(358,659,966)
(358,659,966)
Total comprehensive income for the period
333,925,136
333,925,136
333,925,136
Balance as at 31 March 2014
597,766,610
678,316,928
4,188,098,585
4,866,415,513
5,464,182,123
Balance as at 30 September 2014
597,766,610
678,316,928
4,705,196,874
5,383,513,802
5,981,280,412
Final dividend @ Rs. 5.00 per share
(298,883,305)
(298,883,305)
(298,883,305)
Total comprehensive income for the period
1,169,463,494
1,169,463,494
1,169,463,494
5,575,777,063
6,254,093,991
6,851,860,601
Balance as at 31 March 2015
597,766,610
678,316,928

Notes to the Financial Statements
31-Mar-15
30-Sep-14
31-Mar-15
30-Sep-14
Number
Number
Rupees
Rupees
1 Share capital
1.1 Authorized capital
Ordinary shares of Rs. 10 each
Preference shares of Rs. 10 each
75,000,000
75,000,000
750,000,000
750,000,000
25,000,000
100,000,000
25,000,000
100,000,000
250,000,000
1,000,000,000
250,000,000
1,000,000,000
32,145,725
32,145,725
321,457,250
321,457,250
27,630,936
27,630,936
276,309,360
276,309,360
59,776,661
59,776,661
597,766,610
597,766,610
1.2 Issued, subscribed and

and paid up capital
Ordinary shares of Rs. 10
each fully paid in cash
Ordinary shares of Rs. 10
each issued as fully paid up
bonus shares
Note
2 Redeemable capital - secured
Pak Libya Holding Co.

Current maturity
###
Rupees
Privately Placed Term Finance Certificates - II

Pair Investment Co. Ltd.
Less:
Unit - I
31-Mar-15
2.1
Unit - II
31-Mar-15
###
Rupees
Unit - III
31-Mar-15
Sugar
31-Mar-15
Co-Gen
31-Mar-15
Corporate Farms
31-Mar-15
Merged
31-Mar-15
Sugar
30-Sep-14
Corporate Farms
30-Sep-14
Merged
30-Sep-14
Rupees
Rupees
Rupees
Rupees
Rupees
Rupees
Rupees
Rupees
288,888,890
288,888,890
288,888,890
333,333,334
333,333,334
72,222,220
361,111,110
72,222,220
361,111,110
72,222,220
361,111,110
83,333,332
416,666,666
83,333,332
416,666,666
111,111,111
249,999,999
111,111,111
305,555,555
111,111,111
305,555,555
###
111,111,111
249,999,999
111,111,111
249,999,999
3 Long term loans - secured

UBL Led Syndicate
United Bank Limited
Faysal Bank Limited
###
###
468,753,280
448,000,000
468,753,280
448,000,000
The Bank of Punjab

Pak Kuwait Investment Co.
###
###
217,600,000
183,600,000
217,600,000
183,600,000
Meezan Bank Limited

Soneri Bank Limited
###
###
160,000,000
89,600,000
160,000,000
89,600,000
1,567,553,280
1,567,553,280
HBL Led Syndicate

MCB Bank Limited
###
35,714,286
35,714,286
35,714,286
79,428,571
79,428,571
Habib Bank Limited

Faysal Bank Limited
###
###
31,250,000
31,250,000
31,250,000
31,250,000
31,250,000
31,250,000
69,500,000
69,500,000
69,500,000
69,500,000
JS Bank Limited
Pak Kuwait Investment Co. (Pvt.) Ltd.
###
###
13,392,850
13,392,851
13,392,850
13,392,851
29,785,708
29,785,709
29,785,708
29,785,709
124,999,987
124,999,987
13,392,850
13,392,851
124,999,987
277,999,988
277,999,988
MCB Bank Limited

The Bank of Punajb
###
###
1,000,000,000
800,000,000
1,000,000,000
800,000,000
905,042,663
797,645,077
Allied Bank Limited

United Bank Limited
###
###
940,000,000
500,000,000
940,000,000
500,000,000
860,604,805
457,768,512
Askari Bank Limited

Habib Metro Bank Limited
###
###
500,000,000
100,000,000
500,000,000
100,000,000
458,053,208
91,268,999
JS Bank Limited
Meezan Bank Limited
###
###
150,000,000
349,679,795
150,000,000
349,679,795
150,000,000
293,040,186
4,339,679,794
4,339,679,794
4,013,423,449
Co Gen
BMR
Pak Oman Investment Company
500,000,000
500,000,000
500,000,000
500,000,000
500,000,000
Silkbank Ltd.
The Bank of Punajb
450,000,000
700,000,000
450,000,000
700,000,000
450,000,000
700,000,000
450,000,000
700,000,000
450,000,000
700,000,000
Dubai Islamic Bank

Askari Bank Islami
500,000,000
300,000,000
500,000,000
300,000,000
500,000,000
300,000,000
500,000,000
300,000,000
500,000,000
300,000,000

2,450,000,000
2,450,000,000
2,450,000,000
2,450,000,000
2,450,000,000
Corporate Farms
Faysal Bank Limited
568,750,001
568,750,001
568,750,001
622,916,667
622,916,667
United Bank Ltd.

The Bank of Punjab
400,000,000
299,985,680
400,000,000
299,985,680
400,000,000
299,985,680
299,985,680
299,985,680
1,268,735,681
922,902,347
397,500,000
383,333,332
450,000,000
438,888,888
48,750,000
937,638,888
6,156,094,503
48,750,000
937,638,888
10,169,517,952
1,211,429,831 #
4,944,664,672
###
-
1,605,975,286
8,563,542,666
1,268,735,681
1,268,735,681
922,902,347
Others
Faysal Bank Limited
Saudi Pak Industrial & Agricultural Investment Company Ltd.
Pak Brunei Investment Company Ltd.
Less:
Current maturity
397,500,000
383,333,332
397,500,000
383,333,332
41,250,000
822,083,332
4,540,819,013
41,250,000
822,083,332
4,665,819,000
124,999,987
4,339,679,794
41,250,000
822,083,332
9,005,498,794
788,819,443
3,751,999,570
124,999,987 #
-
913,819,430 #
3,751,999,570
394,545,455 #
3,945,134,339
-###
-
1,308,364,885 #
7,697,133,909
450,000,000
438,888,888
4 Liabilities against assets subject to finance lease

The amount of future minimum lease payments along with their present value and the periods during which they will fall due are:
Unit - I
31-Mar-15
Not later than one year

Later than one year and not later
Minimum
Finance
cost for
Finance
Minimum
lease
payments
future
periods
Present
value
Rupees
Rupees
Rupees
407,851,838
94,172,937
313,678,901
1,000,330,190
1,408,182,028
159,686,208
253,859,145
840,643,982
1,154,322,883
Later than one yea
than five years
30 Sep 2014
Not later than one year

Later than one year and not later
than five years
Note
Unit - I
31-Mar-15
Rupees
Unit - II
###
31-Mar-15
Rupees
###
Minimum
Finance
cost for
lease
payments
future
periods
Present
value
Rupees
Rupees
Rupees
433,781,096
94,189,520
339,591,576
925,356,790
1,359,137,886
128,635,074
222,824,594
796,721,716
1,136,313,292
Unit - III
Sugar
Co-Gen
Corporate Farms
31-Mar-15
Rupees
31-Mar-15
Rupees
31-Mar-15
Rupees
31-Mar-15
Rupees
###
Merged
Sugar
Corporate Farms
Merged
31-Mar-15
Rupees
30-Sep-14
Rupees
30-Sep-14
Rupees
30-Sep-14
Rupees
1,519,901,808
1,712,957,401
Deferred Liabilities
Deferred taxation
5 Satff retirement benefits - Gratuity
Opening Balance
1,271,195,149
95,390,123
153,316,535
1,519,901,807
1,519,901,807
1,712,957,401
68,256,699
68,256,699
68,256,699
44,694,419
44,694,419
Add: Provision for the period

Charge to other comprehensive income
7,573,587
###
7,573,587
-
7,573,587
-
14,827,459
13,625,594
14,827,459
13,625,594
Less: Paid during the period

Closing Balance
(2,973,913)
72,856,373
(2,973,913)
72,856,373
(2,973,913)
72,856,373
(4,890,773)
68,256,699
(4,890,773)
68,256,699
Limit in Million
6 Short term borrowings - Secured
Cash finances
Running finances
Finance against trust receipt
14,621
6,638,790,000
3,350,000,000
4,302,260,200
14,291,050,200
14,291,050,200
4,075,998,153
4,075,998,153
4,623
600
1,992,278,011
101,059,311
(1,910,961,034)
-
3,109,630,774
1,625,903
3,190,947,751
102,685,214
113,733,291
19,414,801
3,304,681,042
122,100,014
4,701,366,978
252,303,504
4,738,751,288
252,303,504

8,732,127,322
7 Current portion of non current liabilities
Redeemable capital
Long term finances
111,111,111
3
4
788,819,443
257,226,142
1,157,156,696
Unit - I
31-Mar-15
1,439,038,966
7,413,516,877
##
22,728,267
124,999,987##
33,724,492
22,728,267
158,724,479
133,148,092
111,111,111
913,819,430##
313,678,901
1,338,609,442
394,545,455##
-
17,717,831,256
9,029,668,636
111,111,111
111,111,111
###
-
1,308,364,885##
313,678,901
1,211,429,831##
339,591,576
##
-
1,605,975,286
339,591,576
1,733,154,897
1,662,132,518
2,056,677,973
Merged
31-Mar-15
Sugar
30-Sep-14
Corporate Farms
30-Sep-14
Merged
30-Sep-14
Rupees
Rupees
Rupees
Rupees
394,545,455
111,111,111
Sugar
31-Mar-15
Co-Gen
31-Mar-15
Rupees
Rupees
Rupees
Rupees
1,212,707,143
821,992,090
119,128,152
2,153,827,385
2,153,827,385
###
48,625,122
1,261,332,265
565,088
822,557,178
119,128,152
49,190,210
2,203,017,595
49,190,210
2,203,017,595
###
###
194,870,365
129,546,855
107,715,798
432,133,018
298,661,984
107,405,221
838,200,223
539,066,787
141,891,277
960,929,049
38,589,475
###
14,297,239
18,862,556
71,749,270
14,186,169
7,825,293
93,760,732
102,098,324
76,763,985
226,176
76,763,985
160,207,579
2,515,020
235,974,860
12,504,195
156,348,289
5,578,306
132,156,660
20,597,521
524,479,809
550,244
313,398,397
115,230,514
21,147,765
953,108,720
21,560,195
662,725,306
218,881,438
27,050,721
1,224,951,334
581,378,643
4,708,212,769
63,091,010
(293,705,755)
2,453,052,115
-
393,704,135
-
287,672,888
7,554,969,019
63,091,010
287,672,888
7,554,969,019
63,091,010
612,226,324
2,177,189,975
51,494,401
116,868,904
22,305,377
37,669,615
2,335,185
7,961,068
-
162,499,587
24,640,562
2,730,184
-
35,639,168
-
200,868,939
24,640,562
13,151,328
21,809,453
8,400,831
-
22,671,487
21,809,453
577,229
54,747,199
140,627
1,613,553
1,214,090
725,767
1,931,946
57,086,519
630,128
1,166,027
1,931,946
58,882,674
3,480,410
21,085,006
1,008,988
3,480,410
23,700,441
(24,182,209)
###
4,704,737
56,345,535
36,868,063
206,736
10,322,775
47,397,574
31,814,198
447,573,456
9,761,155
447,573,456
41,839,687
7,020,306,047
3,184,715,544
3,184,715,544
711,235,407
711,235,407
10,916,256,998
316,965,445
162,358,484
11,395,580,927
3,594,976,400
685,625,868
4,626,936,967
Local
Haji Siddique
458,495,859
211,620,600
670,116,459
46,002,259
Rehim Gul
Musa Bhai
649,395,171
409,434,705
215,630,295
594,000
649,395,171
625,659,000
H Zameer
Aftab Traders
Muhammad Ahmed
185,418,020
357,476,273
343,875,500
298,391,039
189,675,707
145,743,865
79,358,948
11,457,000
55,741,200
563,168,007
558,608,980
545,360,565
Abdul Rehman
Azeem Khan
376,634,999
-
82,885,750
453,217,977
Behram Khan
Muhammad Nadeem
370,804,230
197,960,630
52,000,000
61,647,000
20,575,233
422,804,230
280,182,863
Tawakal Traders
Haji Zameer
123,591,905
161,268,894
97,756,204
64,260,000
29,525,373
-
250,873,482
225,528,894
Asad Butt
Gul Gul Khan
114,163,574
79,395,000
93,310,621
39,868,020
24,205,500
207,474,195
143,468,520
Mian Saeed
Rehman Khan
38,713,172
59,100,000
70,656,428
14,700,000
Ali Raza Khan

Haroon Enterprises
72,432,433
22,914,881
24,533,180
Muhammad Azam
Niazi Traders
30,449,250
33,085,798
9,000,000
108,840
Haider Ali
AA Traders
21,534,000
27,594,000
-
1,493,765
###
7,627,025
Rupees
###
Corporate Farms
31-Mar-15
###
9,067,052,946
Unit - III
31-Mar-15
###
Unit - II
31-Mar-15
17,584,683,165
Rupees
8 Trade and other payables

Growers payables
Growers
NRSP
Trade creditors
For goods
Landlords
For services/contractors
Retention money
Payable on behalf of growers
Advances from customers
Workers' profit participation fund
Accrued payables
Unclaimed dividend
Withholding tax on sales
Tax deducted at source
Payable to JKFS
Other payables
8.1
8.2
612,226,324
2,177,189,975
51,494,401
8.1 Advances from customers

Sugar
Haji Khan Muhammad

Haider
8,596,600
670,116,459
649,395,171
625,659,000
-
459,520,749
453,217,977
563,168,007
558,608,980
545,360,565
8,325,000
59,820,981
-
###
###
-
46,002,259
8,325,000
59,820,981
-
459,520,749
453,217,977
422,804,230
280,182,863
250,873,482
225,528,894
13,224,325
13,224,325
207,474,195
143,468,520
29,775,000
-
###
29,775,000
-
109,369,600
73,800,000
34,300,172
-
34,300,172
-
109,369,600
73,800,000
72,432,433
56,044,661
72,432,433
56,044,661
105,439,279
2,599,580
105,439,279
2,599,580
39,449,250
33,194,638
39,449,250
33,194,638
13,425,000
49,272,617
13,425,000
49,272,617
27,594,000
21,534,000
27,594,000
21,534,000
29,100,000
52,380,000
29,100,000
52,380,000
21,578,796
9,120,790
21,578,796
9,120,790
21,578,796
304,374,853
21,578,796
304,374,853
21,578,796
-

Lal and Company
Nadeem Aftab
Manzoor Brothers
Haji Farooq
Umar Khan
Sohaib Malik
Zahid Riaz
Suhail
Murad Ali
Ebadullah
Others
Export
Khoshi Ltd
###
2,476,700
2,476,700
2,188,673
5,000,000
2,188,673
5,000,000
2,188,673
5,000,000
163,525,294
-
516,618
-
###
68,030
516,618
68,030
516,618
68,030
516,618
68,030
516,618
68,030
50,866
1,300,245
(3,748)
(1,300,245)
47,118
-
47,118
-
37,562,466
51,996,178
37,562,466
51,996,178
###
###
18,775,592
14,550,000
18,775,592
14,550,000
67,229
223,572,227
4,335,032,896
2,476,700
2,518,600
2,161,742,179
(2,585,829)
(1,279,000)
255,312,551
222,293,227
6,752,087,626
222,293,227
6,752,087,626
2,953,329
10,511,520
1,070,076,889
###
- #
2,953,329
10,511,520
1,070,076,889
###
36,285,483
36,285,483
36,285,483
###
###
28,634,388
25,580,746
28,634,388
25,580,746
28,634,388
25,580,746
1,870,037
1,870,037
Qayoom Afghan Ltd

Azamat Arya Ltd
###
###
10,268,215
6,994,106
10,268,215
6,994,106
10,268,215
6,994,106
20,892,815
-
20,892,815
-
Paktika Wazirzai Co Ltd

Shamshad Afghan
###
###
6,768,878
3,771,372
6,768,878
3,771,372
6,768,878
3,771,372
Al- Sudais Ltd

Ekram Fayaz
###
2,960,297
3,426,095
-
3,426,095
2,960,297
3,426,095
2,960,297
Akhtar Zada Ltd

Rehman Khaled Ltd
###
###
1,563,380
372,298
1,563,380
372,298
1,563,380
372,298
84,042,569
-
84,042,569
-
Sultani Ltd
Seyyam Ltd
###
###
314,286
245,517
314,286
245,517
314,286
245,517
231,122,577
-
231,122,577
-
Bradran Amin Qasim Khrotti

Eizat Naeem Afghan Ltd
Bakht Mohammad Ltd
###
###
###
30,813
56,694
59,057
30,813
56,694
59,057
30,813
56,694
59,057
Nawi Sherin Ltd
###
2,960,297
762,810
125,134,138
762,810
128,094,435
762,810
128,094,435
475,770,000
9,765,286
-
9,765,286
-
225,810,000
###
249,960,000
9,765,286
485,535,286
485,535,286
Molasses
Premier Industrial Chemical
86,676,790
21,432,665
108,109,455
108,109,455
300,004,860
300,004,860
Shahmurad Sugar Mills Ltd

Al-Abbas Sugar Mills Ltd
49,319,440
7,600
8,912,366
49,319,440
8,919,966
49,319,440
8,919,966
130,132,596
130,132,596
3,023,405
-
5,447,802
###
8,471,207
535,865
8,471,207
535,865
130,125,000
535,865
130,125,000
535,865
63,800
-
63,800
-
130,125,001
130,125,001
3,670
175,423,403
3,670
175,423,403
67,020
690,990,342 #
- #
67,020
690,990,342
Habib Sugar Mills Ltd

Matol (Pvt) Ltd
Bulk Management Pakistan (Pvt) Ltd
Unicol Ltd
Others
3,670
139,030,905
63,800
###
35,856,633
535,865
535,865
337,927,998
475,770,000
Sukkur Beverages
- #
9,765,286
249,960,000
337,927,998 #
###
Hamdard Laboratories
Northern Botteling
225,810,000
###
163,525,294
-
Noor Hakim Ltd

Wazirzai International Ltd
Institutional
Habib Sugar
49,275,000
49,275,000
1,071,214
50,346,214 #
- #
1,071,214
50,346,214
Bagasse
Garibsons
Shakargunj
1,473,578
1,044,407
1,473,578
1,044,407
1,473,578
1,044,407
13,066,330
9,188,017
13,066,330
9,188,017
Shahmurad Sugar
Colony Sugar
338,322
125,791
338,322
125,791
338,322
125,791
1,932,212
125,791
1,932,212
125,791
Pak Ethanol
Jullunder Pvt Ltd.
27,571
-
###
27,571
-
27,571
-
27,571
140,320
27,571
140,320
3,009,669
21,255
2,533,006
75,897
3,009,669
2,630,158
3,009,669
2,630,158
25,013,207 #
1,963,177
- #
-
25,013,207
1,963,177
5,308,044
4,708,212,769
2,453,052,115
2,880,398
393,704,135
8,188,442
7,554,969,019
8,188,442
7,554,969,019
872,148
2,177,189,975 #
- #
872,148
2,177,189,975
- #
- #
Scrap
Mud

8.2 Workers' profit participation fund
Opening balance
Add: Allocation for the year
Interest on funds utilized in the
company's business
Less: Paid during the year
Closing balance
51,494,401
63,091,010
51,494,401
63,091,010
51,494,401
63,091,010
69,959,558
51,494,401
10,099,378
10,099,378
10,099,378
13,082,654
13,082,654
124,684,789
61,593,779
124,684,789
61,593,779
124,684,789
-
134,536,613
83,042,212
134,536,613
83,042,212
63,091,010
63,091,010
124,684,789
51,494,401
51,494,401
Unit - I
31-Mar-15
Rupees
###
Unit - II
31-Mar-15
Rupees
###
Unit - III
31-Mar-15
Rupees
Sugar
31-Mar-15
Rupees
Co-Gen
31-Mar-15
Rupees
Corporate Farms
31-Mar-15
###
Rupees
Merged
31-Mar-15
Rupees
Sugar
30-Sep-14
Rupees
69,959,558
51,494,401
Corporate Farms
30-Sep-14
Rupees
Merged
30-Sep-14
Rupees
9 Contingencies and commitments

Commitments in respect of:
9.1 Cross corporate guarantees for DSML
The Bank of Punjab
148,000,000
148,000,000
148,000,000
148,000,000
148,000,000
Standard Chartered Modaraba

Meezan Bank Limited
102,319,248
100,000,000
102,319,248
100,000,000
102,319,248
100,000,000
102,319,248
100,000,000
102,319,248
100,000,000
Habib Bank Limited
30,000,000
380,319,248
7,500,000
357,819,248
30,000,000
380,319,248
30,000,000
380,319,248
30,000,000
380,319,248
Faysal Bank Limited

Bank Alflah Limited
550,000,000
454,000,000
550,000,000
454,000,000
550,000,000
454,000,000
3,883,333,333
454,000,000
3,883,333,333
454,000,000
NIB Bank
JS Bank
300,000,000
135,000,000
300,000,000
135,000,000
300,000,000
135,000,000
300,000,000
-
###
300,000,000
-
Summit Bank
Habib Bank Limited
The Bank of Punjab
124,000,000
-
###
###
124,000,000
-
124,000,000
-
124,000,000
460,000,000
480,000,000
124,000,000
460,000,000
480,000,000
1,563,000,000
1,563,000,000
1,563,000,000
5,701,333,333
5,701,333,333
155,688,235
155,688,235
155,688,235
155,688,235
617,912,249
617,912,249
82,000,000
82,000,000
82,000,000
82,000,000
###
###
41,685,000
92,225,000
41,685,000
1,000,000
###
-
1,000,000
1,000,000
13,975,000
1,000,000
13,975,000
1,000,000
957,000
200,000
957,000
200,000
957,000
200,000
957,000
200,000
957,000
200,000
84,157,000
84,157,000
84,157,000
139,817,000
232,042,000
4,132,132,096
3,622,907,013
2,613,328,406
10,368,367,515
5,827,665,354
1,897,147,358
18,093,180,226
7,873,776,054
1,865,781,655
12,612,116,268
63,509,749
4,195,641,845
58,185,452
3,681,092,465
2,613,328,406
121,695,201
10,490,062,716
5,827,665,354
8,916,856
1,906,064,214
130,612,057
18,223,792,283
1,915,313,224
9,789,089,278
7,041,205
1,872,822,860
4,524,127,212
17,136,243,480
9.2 Counter guarantees given on account of agricultural loan

to growers:
9.3 Letters of credit for Import of machinery

and its related components
9.4 Letters of guarantee in favour of
Shell Pakistan Limited
National Transmission & Despatch Company (NTDC)
Fatima Fertilizers Limited
The Alternative Energy Development Board
Pakistan State Oil Company Limited
Punjab Power Development Board
Surety Bonds
10 Property, plant and equipment

Operating fixed assets
10.1
Capital work in progress
58,185,452
82,000,000
#REF!
11 Investment Property
Balance as at 01 October
Transfer to:
173,026,930
Corporate Farms
Free hold land
###
-
608,310,693
608,310,693
###
-
Balance as at 30 Sep
173,026,930
12 Intangible Assets
Goodwill
Oracle computer software
12.1
173,026,930
173,026,930
608,310,693
608,310,693
17,677,642
17,677,642
173,026,930
472,929,607
472,929,607
(38,006,785)
(261,895,892)
(38,006,785)
(261,895,892)
173,026,930
173,026,930
173,026,930
608,310,693
608,310,693
608,310,693
17,677,642
625,988,335
608,310,693
18,511,816
18,511,816
18,511,816
626,822,509

12.1 Oracle computer software
Cost
Less: amortisation
13 Investments
Investment in associated companies
Investment in subsidiary company
###
###
###
###
20,397,279
(2,719,637)
20,397,279
(2,719,637)
20,397,279
(1,885,463)
17,677,642
643,665,977
18,511,816
13.1
2,044,648,050
2,044,648,050
2,044,648,050
2,044,648,050
2,044,648,050
13.2
1,049,750,000
3,094,398,050
1,049,750,000
3,094,398,050
1,049,750,000
3,094,398,050
1,049,750,000
3,094,398,050
1,049,750,000
3,094,398,050
2,044,648,050
2,044,648,050
2,044,648,050
2,044,648,050
2,044,648,050
90,000,000
(90,000,000)
90,000,000
(90,000,000)
90,000,000
(90,000,000)
90,000,000
(90,000,000)
90,000,000
(90,000,000)
2,044,648,050
2,044,648,050
2,044,648,050
2,044,648,050
###
-
2,044,648,050
1,049,750,000
1,049,750,000
1,049,750,000
1,049,750,000
1,049,750,000
Merged
31-Mar-15
Rupees
Sugar
30-Sep-14
Rupees
13.1 Investment in associated companies

Faruki Pulp Mills Limited
199,914,805 (2013: 51,500,0000) fully paid shares of Rs. 10 each
Equity held 48.39% (2013 : 47.69%)
JDW Power (Private) Limited
Equity held 47.37% (2013 : 47.37%)
Accumulated impairment allowance
13.2 Investment in subsidiary company

Deharki Sugar Mills (Private) Limited
Equity held 99.98% (2013 : 99.98%)
Unit - I
31-Mar-15
Rupees
14 Long term advances
Advances to DISCO's
Less: Current maturity
###
Unit - II
31-Mar-15
Rupees
###
Unit - III
31-Mar-15
Rupees
Sugar
31-Mar-15
Rupees
Co-Gen
31-Mar-15
Rupees
Corporate Farms
31-Mar-15
###
Rupees
Corporate Farms
30-Sep-14
Rupees
Merged
30-Sep-14
Rupees
31,000,000
35,000,000
66,000,000
66,000,000
67,000,000
67,000,000
###
31,000,000
(8,000,000)
27,000,000
(8,000,000)
58,000,000
(8,000,000)
58,000,000
(9,000,000)
58,000,000
(9,000,000)
58,000,000
Advance to Deharki Sugar Mills (Private) Limited (DSML)
###
###
1,567,553,280
Less: Current maturity
###
###
(489,860,400)
1,077,692,880
31,000,000
27,000,000
58,000,000
58,000,000
58,000,000
162,469,478
108,640,330
86,823,105
77,408,304
148,385,969
113,322,239
397,678,552
299,370,873
69,385,514
31,341,121
315,804,015
-
782,868,081
330,711,994
271,590,797
390,257,461
9,392,726
27,362,099
4,271,608
7,264,889
6,365,002
14,119,068
20,029,336
48,746,056
2,267,066
20,029,336
51,013,122
15,769,991
41,639,151
15,769,991
44,092,085
4,555,598
2,187,442
5,727,050
5,143,665
8,057,792
2,706,677
18,340,440
10,037,784
13,882,123
2,189,706
32,222,563
12,227,490
19,346,630
8,754,459
34,439,231
10,434,976
314,607,673
(25,120,771)
289,486,902
186,638,621
(6,652,025)
179,986,596
292,956,747
(12,309,808)
280,646,939
794,203,041
(44,082,604)
750,120,437
119,065,530
119,065,530
1,229,072,586
(44,082,604)
1,184,989,982
747,358,489
(44,082,604)
703,275,885
Unit - I
Unit - II
Unit - III
Sugar
Co-Gen
Corporate Farms
Merged
Sugar
Corporate Farms
Merged
31-Mar-15
Rupees
31-Mar-15
Rupees
31-Mar-15
Rupees
31-Mar-15
Rupees
31-Mar-15
Rupees
30-Sep-14
Rupees
30-Sep-14
Rupees
30-Sep-14
Rupees
-###
1,135,692,880
15 Stores, spares and loose tools

Stores
Spares
Packing material
Oil and lubricants
Loose tools
Civil stores
Provision for obsolescence
315,804,015
315,804,015
241,536,691
-
241,536,691
241,536,691
656,374,839
404,287,189
1,165,398,311
(44,082,604)
1,121,315,707
16 Stock in trade
31-Mar-15
Rupees
###
31-Mar-15
Rupees
###
Finished
Sugar
Bagasse
Molasses
8,319,217,397
4,435,792,754
5,049,076,486
17,804,086,637
17,804,086,637
4,172,625,671
4,172,625,671
349,554,658
137,040,451
147,194,800
168,042,960
149,730,595
50,703,219
646,480,053
355,786,631
646,480,053
355,786,631
211,237,719
5,362,413
211,237,719
5,362,413
8,805,812,506
4,751,030,514
5,249,510,301
18,806,353,321
18,806,353,321
4,122,438,031
4,389,225,802
87,593,199
87,593,199
104,555,297
Work in process
Sugar
87,593,199

Molasses
19,242,256
106,835,455
8,912,647,961
4,751,030,514
5,249,510,301
19,242,256
19,242,256
28,108,587
106,835,455
18,913,188,775
106,835,455
18,913,188,775
132,663,884
4,383,863,390
4,383,863,390
17 Biological Assets
Sugarcane crop
Immature - classified non current assets
Mature - classified current assets
###
###
588,966,754
31,084,900
588,966,754
31,084,900
10,471,822
1,681,515,961
10,471,822
1,681,515,961
620,051,654
620,051,654
1,691,987,783
1,691,987,783
12,584,364
12,584,364
1,528,483,864
(14,486,141)
1,513,997,723
167,441,828
(14,486,141)
152,955,687
677,261,357
(14,486,141)
662,775,216
18 Trade Debts
Trade debts - Unsecured
Less: Provision for doubtful debts
18.1
18.1 Sugar
Local
Mushtaq Paracha
NiaziTraders
Haji Ghaffar
Baran Khan
Nadeem Aftab
Haji Ghaffar
Faisal Malik
Suhail
Barkat Ali
Ravi Traders
Haroon Enterprises
Suhail Brothers
308,976,369
308,976,369
18,033,392
(14,486,141)
3,547,251
102,762,633
102,762,633
429,772,394
(14,486,141)
415,286,253
8,991,750
2,381,989
###
21,841,114
3,750,000
30,832,864
3,750,000
2,381,989
30,832,864
3,750,000
2,381,989
30,832,864
-
30,832,864
-
1,967,402
###
-
1,838,120
-
1,838,120
1,967,402
1,838,120
1,967,402
2,600,000
-
2,600,000
-
189,000
###
-
238,400
-
238,400
189,000
238,400
189,000
189,000
189,000
26,008
77,516
26,008
77,516
26,008
77,516
77,516
14,227
-
14,227
-
14,227
-
2,381,519
2,381,519
125,856
12,448
125,856
12,448
M Tufail
Asad Butt
95,539
Others
1,086,127,106
1,086,127,106
###
###
-
10,525
106,064
77,516
106,064
9,978,405
94,839
9,978,405
94,839
13,743,431
27,678,159
41,421,590
41,421,590
46,292,447
46,292,447
Shamim & Company (Pvt) Ltd

Hamdard Laboratories
67,848,278
-
65,395,287
67,848,278
65,395,287
67,848,278
65,395,287
80,808,278
-
80,808,278
-
Pakistan Beverages
Pakola Products
30,382,996
16,125,000
30,382,996
16,125,000
30,382,996
16,125,000
18,696
18,696
-
Sukkur Beverages
Trading Corporation of Pakistan
12,440,411
1,212,742
2,555,239
386,084
12,440,411
4,154,065
12,440,411
4,154,065
4,154,065
128,009,427
2,555,239
9,303,103
75,084,474
9,303,103
205,649,140
9,303,103
205,649,140
84,981,039
14,486,141
14,486,141
194,041
14,680,182
Institutional
Asian Food Industries

Molasses
United Ethanol Industries
Sheikh Hameed Farms

Gondal Brothers
Export
Electricity
Captive - Mepco
14,486,141
225,450
-
194,041
225,450
194,041
225,450
194,041
225,450
14,680,182
14,905,632
14,905,632
121,863
797,971
919,834
919,834
166,876,198
166,876,198
166,876,198
14,486,141
###
21,473,933
- #
84,981,039
14,486,141
###
###
- #
Co-Gen
National Transmission & Desptach Company (NTDC)
194,041
14,680,182
21,473,933
-
Delivered energy
Un-delivered energy
###
###
1,065,375,184
4,483,628
1,065,375,184
4,483,628
Pass through items

Mark up on delayed payments
###
###
6,311,782
9,956,512
6,311,782
9,956,512
308,976,369
19 Advances, deposits, prepayments and
other receivables
Advances to related parties
4,154,065
19.1
2,623,872,752
18,033,392
(84,225,239)
102,762,633
(228,288,878)
429,772,394
2,311,358,635
1,086,127,106
1,086,127,106
12,584,364
###
(64,797,871)
1,086,127,106
1,528,483,864
167,427,601
-
2,246,560,764
1,526,332,834
504,383,782
###
###
2,281,018
3,154,729
###
-
5,435,747
677,247,130
####
303,669
(14,227)
1,526,573,721

Advances to suppliers and contractors
19.2
Letters of credit
Federal excise duty and sales tax receivable
157,754,718
95,911,017
37,572,744
291,238,479
68,818,586
90,036,949
450,094,015
371,679,152
52,729,926
521,182,347
105,724,308
260,602,885
(3,049,242)
(80,276,483)
7,706,203
(213,094,520)
110,381,269
(32,768,118)
85,160,458
190,637,491
43,218,242
195,541,727
201,087,615
319,481,390
(41,580,921)
76,429,108
562,512,945
244,109,868
7,300,000
###
121,000,000
6,115,680
128,300,000
6,115,680
128,300,000
6,115,680
18,240,003
###
-
18,240,003
3,980,821
12,184,999
4,682,011
1,952,664
33,156,604
20,521,552
7,243,250
(990,586)
10,298,817
1,274,118
50,698,671
20,805,084
20,864,856
31,612,707
11,750,639
2,885,009
42,346,785
33,983,464
8,000,000
3,596,334
8,000,000
7,282,375
(1,479,438)
2,099,011
8,000,000
7,901,948
9,000,000
66,603,586
504,237
9,000,000
67,107,823
(250,757,763)
2,883,586,476
284,591,890
146,927,137
3,315,105,503
2,322,233,607
144,602,588
3,025,056,955
Export subsidy receivable

Deposits
Prepaid expenses
Advances to staff
Current maturity of long term advances
Other receivables
19.3
19.4
24,493,772
6,383,889
14
3,686,041
5,023,641,696
Unit - I
(48,174,127)
Unit - II
31-Mar-15
Rupees
###
31-Mar-15
Rupees
###
Unit - III
Sugar
Co-Gen
Corporate Farms
31-Mar-15
Rupees
31-Mar-15
Rupees
31-Mar-15
Rupees
31-Mar-15
Rupees
###
Merged
Sugar
Corporate Farms
Merged
31-Mar-15
Rupees
30-Sep-14
Rupees
30-Sep-14
Rupees
30-Sep-14
Rupees
19.1 Advances to related parties

Deharki Sugar Mills (Private) Limited
Short term advances
Current maturity of long term advances to related party
14
1,999,151,851
-
(84,225,239)
-
(228,288,878)
-
1,686,637,734
-
(64,797,871)
-
1,621,839,863
-
611,032,434
489,860,400
1,999,151,851
624,720,901
2,623,872,752
(84,225,239)
(84,225,239)
(228,288,878)
(228,288,878)
1,686,637,734
624,720,901
2,311,358,635
(64,797,871)
(64,797,871)
1,621,839,863
624,720,901
127,010,105
90,796,445
19,283,812
237,090,362
31,377,243
158,387,348
5,509,521
96,305,966
16,318,333
35,602,145
158,387,348
###
96,305,966
18,827,988
-
303,669
-
2,246,560,764
1,100,892,834
425,440,000
1,526,332,834
45,330,352
8,168,101
290,588,815
885,391,029
20,985,494
53,205,097
290,295,459
11,622,546
56,952,898
8,168,101
64,827,643
355,416,458
114,386,161
999,777,190 #
20,985,494 #
149,345,172
1,114,660,760
35,602,145
290,295,459
56,952,898
8,168,101
355,416,458
(691,942,958)
307,834,232
20,985,494 #
(691,942,958)
422,717,802
617,316
###
(829,088)
-
18,616,216
-
11,865,688
-
62,071,330
30,481,904
62,071,330
81,518,116
-
###
-
2,799,687
2,799,687
19,797,518
-
19,797,518
2,799,687
2,799,687
31,744,432
-
31,744,432
2,799,687
18,827,988
177,215,336
617,316
96,923,282
1,970,599
37,572,744
21,415,903
311,711,362
11,865,688
68,818,586
81,868,848
90,036,949
115,150,439
470,566,898
84,317,803
392,152,035
31,744,432
52,729,926
118,937,428
541,655,230
(19,460,618)
157,754,718
(1,012,265)
95,911,017
37,572,744
(20,472,883)
291,238,479
68,818,586
90,036,949
(20,472,883)
450,094,015
(20,472,883)
371,679,152
52,729,926
(20,472,883)
521,182,347
19.3 Prepaid expenses

Insurance
11,610,751
2,864,859
3,843,203
18,318,813
7,243,250
9,330,808
34,892,871
6,641,167
11,250,950
27,623,407
Rent
Subscription
10,039,107
2,743,914
1,115,962
968,009
10,039,107
4,827,885
7,938,359
2,421,974
499,690
7,938,359
2,921,664
100,000
-
###
100,000
838,808
3,863,356
24,493,772
-
Faruki Pulp Mills Limited
19.2 Advances to local suppliers, foreign suppliers and contractors

Suppliers
Contractors
Less: Advance for capital expenditure
Foreign suppliers
Against lease land
Professional Tax
Sindh police
19.4 Advances to staff

-against salaries
-against expenses
1,101,133,721
425,440,000
1,526,573,721
###
Landlords
HESCO
Less: Provision for doubtful advances
303,669 #
303,669
611,273,321
489,860,400
10,039,107
3,859,876
838,808
100,000
838,808
3,980,821
-
4,682,011
-
33,156,604
-
7,243,250
10,298,817
-
50,698,671
-
20,864,856
- #
3,218,369
3,165,520
11,180,667
1,004,332
528,983
1,423,681
14,928,019
5,593,533
126,761
(1,117,347)
1,274,118
-
16,328,898
4,476,186
6,383,889
-
12,184,999
-
1,952,664
-
20,521,552
-
(990,586)
1,274,118
-
20,805,084
-
(7,526,605,447)
-
582,051,894
36,738,735
7,947,413,467
-
1,002,859,914
36,738,735
(658,337,839)
-
(7,526,605,447)
16,846,982
618,790,629
39,875,321
7,947,413,467
(1,163,840)
1,039,598,649
55,558,463
(658,337,839)
(31,113,774)
(7,509,758,465)
658,665,950
7,946,249,627
1,095,157,112
(689,451,613)
965,315,588
84,393,309
-
3,863,356
11,750,640
(1)#
42,346,786
(1)
26,391,751
5,220,956
2,885,009
-
29,276,760
4,706,704
31,612,707
- #
2,885,009
- #
33,983,464
-
20 Cash and bank balances

Cash at banks
Current accounts
Saving accounts
Cash in hand
Unit - I
Unit - II
Unit - III
Sugar
Co-Gen
344,522,075
36,738,735
1,546,800,215
10,118,290
71,099,624
5,114,688
3,374,798
381,260,810
27,819,487
1,556,918,505
15,831,649
76,214,312
10,592,464
3,374,798
409,080,297
1,572,750,154
Corporate Farms
Merged
Sugar
Corporate Farms
86,806,776
Merged

31-Mar-15
###
Rupees
31-Mar-15
###
Rupees
31-Mar-15
31-Mar-15
31-Mar-15
31-Mar-15
Rupees
Rupees
Rupees
Rupees
###
31-Mar-15
31-Mar-14
31-Mar-14
Rupees
Rupees
Rupees
###
31-Mar-14
Rupees
###
#
21 Sales
Sugar
Local
5,769,784,343
1,179,186,864
2,790,900,210
9,739,871,417
9,739,871,417
9,022,852,896
9,022,852,896
Export
46,893,600
5,816,677,943
167,989,900
1,347,176,764
1,149,336,770
3,940,236,980
1,364,220,270
11,104,091,687
1,364,220,270
11,104,091,687
2,207,874,710
11,230,727,606
2,207,874,710
11,230,727,606
#
###
###
2,450,457,100
2,372,402,527
###
###
-
406,557,549
32,061,321
-
406,557,549
32,061,321
-
887,523,152
4,533,061
-
887,523,152
4,533,061
-
2,889,075,970
438,618,870
3,264,458,740
892,056,213
599,586,535
361,217,261
385,498,751
1,346,302,547
1,346,302,547
926,654,797
926,654,797
145,402,265
145,402,265
145,402,265
350,405,359
350,405,359
###
-
Corporate farms revenue

Sale of sugarcane to JDW
Sale of sugarcane to DSML
Sale of sugarcane seed to growers
Sale of wheat & mong
Molasses
Electricity
Captive
Co - Gen
External
###
Intersegment
Electricity
###
145,402,265
###
-
729,910
-
546,036,318
729,910
6,562,396,653
427,391,432
1,869,500,645
1,869,500,645
277,289,352
###
145,402,265
1,158,119,458
3,304,909,455
2,014,902,910
350,405,359
350,405,359
1,318,548
521,912,635
2,048,458
1,067,948,953
2,048,458
-
40,647,397
-
546,036,318
2,254,430,343
523,231,183
4,848,966,914
1,069,997,411
13,665,793,910
3,304,909,455
2,889,075,970
2,048,458
14,905,964,472
40,647,397
12,548,435,159
3,264,458,740
87,347,175
206,733,164
721,471,771
721,471,771
618,505,133
21,126,825
21,126,825
21,126,825
50,913,599
50,913,599
7,533,966
###
7,373,749
7,373,750
22,281,465
154,016,423
-
154,016,423
22,281,465
126,699
126,699
111,342
28,772,133
7,373,749
191,584
7,565,334
302,926
43,711,216
154,016,423
302,926
197,727,639
3,526,298
459,689,863
6,272,278
100,993,202
5,457,500
219,755,998
15,256,076
780,439,063
154,016,423
15,256,076
934,455,486
2,836,980
678,576,668
2,836,980
678,576,668
6,102,706,790
2,153,437,141
4,629,210,916
12,885,354,847
3,150,893,032
2,889,075,970
13,971,508,986
11,869,858,491
3,264,458,740
12,761,914,704
1,971,063,779
11,905,383,355
104,440,072
7,050,409,833
2,205,533,305
7,442,365,026
4,281,037,156
26,398,158,213
1,655,686,644
2,684,696,250
4,281,037,156
25,784,726,245
4,032,190,427
23,587,256,595
3,639,974,581
3,324,048,252
24,854,828,649
13,876,447,134
7,154,849,905
9,647,898,331
30,679,195,370
1,655,686,644
2,684,696,250
30,065,763,401
27,619,447,022
3,639,974,581
28,178,876,901
Sugar
Molasses
(8,319,217,397)
(137,040,451)
(4,435,792,754)
(168,042,960)
(5,049,076,486)
(50,703,219)
(17,804,086,637)
(355,786,631)
(17,804,086,637)
(355,786,631)
(15,350,870,940)
(905,612,764)
(15,350,870,940)
(905,612,764)
Bagasse
(349,554,658)
(8,805,812,506)
(147,194,800)
(4,751,030,514)
(149,730,595)
(5,249,510,301)
(646,480,053)
(18,806,353,321)
(646,480,053)
(18,806,353,321)
(637,281,291)
(16,893,764,995)
(637,281,291)
(16,893,764,995)
5,070,634,628
2,403,819,391
4,398,388,030
11,872,842,049
1,655,686,644
2,684,696,250
11,259,410,087
10,725,682,027
3,639,974,581
11,285,111,906
Unit - I
31-Mar-15
Unit - II
31-Mar-15
Unit - III
31-Mar-15
Sugar
31-Mar-15
Co-Gen
31-Mar-15
Rupees
Rupees
Rupees
Steam
Bagasse
Local
Intersegment
Gross Sales
40,647,397
13,440,491,372
Err:512
Less:
Federal excise duty
Sales tax
Electricity - Captive
- Co - Gen
Molasses
Bagasse
Brokerage & commission
Net Sales
22 Cost of sales
Opening stock
Add: Cost of goods manufactured / produced / generated
###
40,647,397
-
22.1
6,194,257
57,234,555##
##
-
618,505,133
###
6,194,257
57,234,555
Less: closing stock
###
Rupees
###
Rupees
Corporate Farms
31-Mar-15
###
Rupees
Merged
31-Mar-15
Sugar
31-Mar-14
Rupees
Rupees
Corporate Farms
31-Mar-14 ###
Rupees
Merged
31-Mar-14
Rupees
22.1 Cost of goods manufactured / produced / generated

Cost of sugarcane produced
Cost of sugarcane consumed
22.1.1
22.1.2
11,205,785,237
5,805,174,146
6,271,464,221
23,282,423,604
Cost of electricity generation

Cost of steam purchased
22.1.3
596,962,256
561,157,202
1,158,119,458
289,672,771
-
2,675,172,126
-
2,675,172,126
20,831,966,504
22,204,098,974
3,639,457,238
-
3,639,457,238
19,831,696,447
289,672,771
-
###

Cost of electricty purchased
Intersegment cost of bagasse

Consultancy
159,365,070
117,924,282
277,289,352
###
28,913,215
22.1.4
287,146,412
90,666,712
201,550,843
60,064,239
190,179,116
54,426,020
678,876,371
205,156,971
19,308,435
21,312,458
698,184,806
226,469,429
541,686,356
179,770,006
541,686,356
179,770,006
10.1
123,494,225
143,549,436
74,445,661
67,873,787
57,005,495
77,757,348
254,945,382
289,180,571
168,669,558
-
423,614,940
289,180,571
230,134,664
292,054,336
230,134,664
292,054,336
Chemicals consumed
Vehicle running expenses
60,706,119
24,942,761
34,175,924
13,090,678
40,826,806
21,872,510
135,708,849
59,905,949
15,583,944
-
151,292,793
59,905,949
136,856,688
84,984,240
136,856,688
84,984,240
Oil, lubricants and fuel consumed

Handling & storage
Insurance
30,087,032
9,058,648
10,704,859
12,835,520
6,994,622
3,566,093
7,266,921
4,796,075
5,299,983
50,189,473
20,849,345
19,570,935
2,341,856
12,756,890
52,531,329
20,849,345
32,327,825
55,043,844
20,915,826
19,678,940
55,043,844
20,915,826
19,678,940
Electricity and power

Repairs and maintenance
10,094,909
2,564,948
1,205,044
4,531,422
7,698,932
5,640,915
18,998,885
12,737,285
22,734,695
2,090,009
41,733,580
14,827,294
20,248,882
8,603,626
20,248,882
8,603,626
Land vacation charges

Mud and bagasse shifting expenses
5,559,845
###
1,888,760
649,570
8,098,175
5,760,917
8,098,175
14,065,670
14,065,670
Freight and octroi

Printing and stationery
2,443,154
1,556,214
2,040,888
2,403,347
12,885,405
1,356,000
17,369,447
5,315,561
19,241,317
5,482,186
6,664,791
2,579,237
6,664,791
2,579,237
1,477,801
1,442,983##
Salaries, wages and other benefits

Stores and spares consumed
Depreciation
Packing materials consumed
Traveling and conveyance

Communication expenses
720,344
504,368
###
22.1.5
Other expenses
2,633,586
12,012,218,809
Less: closing work in process

Sugar
Molasses
22.1.1
Cost of sugarcane crop

Cost of sugarcane harvested
Fair value at the point of harvest
Harvesting expenses
Mechanical
Manual
TPT on harvesting
Mechanical
Manual
Road cess
22.1.2
Cost of sugarcane consumed

Cost of sugarcane purchased
22.1.2(a)
Market committee fee

Cane loading and unloading expenses
Less:
1,542,192
7,050,409,833
723,481
670,015##
1,630,755
1,686,794
###
5,760,917
-
1,871,870
166,625
1,952,954##
###
-
1,630,755
3,639,748##
##
-
1,477,801
1,442,983
2,764,729
7,442,365,026
6,940,507
26,504,993,668
362,411
1,655,686,644
3,763,207
2,684,696,250
11,066,125
25,891,561,699
7,058,856
23,827,365,720
517,343
3,639,974,581
7,576,199
25,094,937,774
(87,593,199)
(19,242,256)
##
##
-
(87,593,199)
(19,242,256)
(87,593,199)
(19,242,256)
(199,025,236)
(41,083,888)
(199,025,236)
(41,083,888)
(106,835,455)
11,905,383,355
##
7,050,409,833
7,442,365,026
(106,835,455)
26,398,158,213
1,655,686,644
2,684,696,250
(106,835,455)
25,784,726,245
(240,109,124)
23,587,256,595
3,639,974,581
(240,109,124)
24,854,828,649
###
###
###
1,936,785,459
1,936,785,459
2,593,337,597
###
-
###
-
195,202,313
2,131,987,772
195,202,313
2,131,987,772
298,572,985
2,891,910,582
298,572,985
2,891,910,582
182,163,966
182,163,966
177,333,388
177,333,388
77,202,124
259,366,090
77,202,124
259,366,090
98,921,829
276,255,217
98,921,829
276,255,217
197,027,732
197,027,732
339,329,476
339,329,476
76,664,373
273,692,105
76,664,373
273,692,105
123,367,316
462,696,792
123,367,316
462,696,792
###
-
10,126,159
2,675,172,126
10,126,159
2,675,172,126
8,594,647
3,639,457,238
8,594,647
3,639,457,238
###
11,003,868,206
35,827,189
65,621,261
91,699,338
Premium
Cane development expenses
Road cess
186,930
512,411##
1,067,948,953
28,913,215
###
-
2,593,337,597
5,741,528,305
6,211,250,655
22,956,647,166
22,956,647,166
21,845,099,122
21,845,099,122
42,527,736
(32,208,185)
47,846,333
39,092,313
10,183,998
-
117,447,238
43,597,074
139,545,671
117,447,238
43,597,074
139,545,671
36,952,755
195,682,076
100,351,099
36,952,755
195,682,076
100,351,099
7,979,104
790,139
5,033,395
446,562
10,527,380
409,875
23,539,879
1,646,576
23,539,879
1,646,576
24,367,620
1,646,302
24,367,620
1,646,302
11,205,785,237
5,805,174,146
6,271,464,221
23,282,423,604
23,282,423,604
22,204,098,974
22,204,098,974
11,205,785,237
5,805,174,146
6,271,464,221
23,282,423,604
(2,450,457,100)
20,831,966,504
22,204,098,974
(2,372,402,527)
19,831,696,447
###
Sugarcane purchased from own farms
22.1.2(a) Cost of sugarcane purchased

Growers 31 Mar 15 : 4,590,537 Tons (31 Mar 14 : 4,568,562 Tons)
Corporate Farms 31 Mar 15 :540,836 Tons (31 Mar 14 : 554,062 Tons)
10,195,853,022
808,015,184
5,617,999,304
123,529,001
4,692,337,739
1,518,912,916
20,506,190,065
2,450,457,101
20,506,190,065
2,450,457,101
19,472,696,595
2,372,402,527
19,472,696,595
2,372,402,527
11,003,868,206
-
5,741,528,305
-
6,211,250,655
-
22,956,647,166
22,956,647,166
21,845,099,122
21,845,099,122

22.1.3
Cost of electricity generation
Cost of bagasse
O & M cost
22.1.3.1
22.1.3.2
###
###
22.1.3.1
22.1.3.2
22.1.4
209,395,418
80,277,353
289,672,771
209,395,418
80,277,353
289,672,771
###
###
Cost of bagasse
Bagasse consumed
###
145,603,678
145,603,678
###
Bagasse freight
- inter units
###
26,133,234
26,133,234
###
- third party
Bagasse shifting expenses
Ash shifting expenses
###
###
###
3,847,974
6,853,468
3,097,532
3,847,974
6,853,468
3,097,532
###
###
###
Fuel on bagasse shifting

Tractor hiring charges
###
###
17,221,457
6,638,075
17,221,457
6,638,075
###
###
O & M cost
Staff salaries
63,791,740
209,395,418
63,791,740
209,395,418
###
58,103,558
58,103,558
Other benefits
###
6,749,301
64,852,859
6,749,301
64,852,859
Technical fee
###
-
15,424,494
80,277,353
15,424,494
80,277,353

Salaries
Bonuses
Other benefits
Retirement benefits
22.1.5
196,075,314
125,565,037
119,667,658
441,308,009
13,294,766
454,602,775
365,598,289
365,598,289
66,404,207
10,482,321
53,513,904
17,170,391
49,113,124
16,882,471
169,031,235
44,535,183
4,019,265
1,891,036
173,050,500
46,426,219
122,196,796
32,473,896
122,196,796
32,473,896
14,184,570
287,146,412
-
5,301,511
201,550,843
-
4,515,863
190,179,116
-
24,001,944
678,876,371
-
103,368
19,308,435
24,105,312
698,184,806
-
21,417,375
541,686,356
-
21,417,375
541,686,356
-
Communication expenses
NTDC communication fee
Telephone, fax & postage
###
1,951,890
504,368
504,368
512,411
512,411
670,015
670,015
1,686,794
1,686,794
1,064
1,952,954
Unit - I
31-Mar-15
Rupees
23 Administrative expenses
23.1
Unit - II
###
31-Mar-15
Rupees
###
Unit - III
Sugar
Co-Gen
Corporate Farms
31-Mar-15
Rupees
31-Mar-15
Rupees
31-Mar-15
Rupees
31-Mar-15
Rupees
239,728,406
5,519,916
11,819,436
257,067,758
Depreciation
Amortisation
17,843,853
-
1,770,121
-
2,337,419
-
21,951,393
-
Travelling and conveyance

Legal and professional services
17,002,345
11,164,000
3,248
-
156,207
150,000
17,161,800
11,314,000
Charity and donations

Office rent and renovation
2,322,000
16,330,432
Vehicle running and maintenance

Subscription and renewals
Telephone, fax & postage
8,950,351
1,073,179
2,737,056
119,779
341,660
23,160
Printing and stationery

Repairs & maintenance
2,970,953
8,092,303
Insurance
Fee and taxes
918,505
1,350,000
1,687,858
3,639,748
1,442,983
1,442,983
###
-
1,442,983
1,442,983
Merged
Sugar
Corporate Farms
Merged
31-Mar-15
Rupees
31-Mar-14
Rupees
31-Mar-14
Rupees
31-Mar-14
Rupees
###
5,738,542
268,172,139
150,960,054
4,078,886
###
155,038,940
453,168
1,019,864
22,404,561
1,019,864
21,380,241
-
413,261
857,029
21,793,502
857,029
15,180
-
18,095,485
12,664,000
15,117,099
10,851,562
2,561,041
1,000
17,678,140
10,852,562
2,322,000
16,330,432
5,708,000
11,726,783
274,589
263,765
9,924,866
1,414,839
3,103,991
10,547,244
1,051,267
3,225,013
242,578
217,460
10,789,822
1,051,267
3,442,473
2,322,000
16,330,432
580,147
80,010
9,650,277
1,414,839
2,840,226
368,333
374,443
2,970,953
8,835,079
206,000
23,435
1,622,758
2,994,388
10,663,837
4,551,963
4,157,026
44,990
742,964
4,596,953
4,899,990
3,059,316
2,398,541
40,000
13,286
141,500
3,072,602
2,580,041
87,500
4,361
-
3,076,963
2,667,541
5,465,478
4,023,139
410,583
-
5,876,061
4,023,139
Electricity and power

Advertisement
1,841,148
1,216,696
50,464
-
1,891,612
1,216,696
3,307,654
591,878
Entertainment
Arms and Amunition
1,471,363
21,850
1,579,263
21,850
1,062,004
400,000
107,215
1,100,000
107,215
300,000
85,159
3,973,594
5,160,572
4,861,064
Auditors' remuneration
Newspapers, books and periodicals
Other expenses
23.2
5,365,839
###
1,951,890
1,891,612
1,216,696
5,310
-
1,476,673
21,850
600,000
-
100,000
-
1,100,000
107,215
93,267
21,308
4,088,169
102,590
1,072,403
79,249
64,113
5,708,000
11,726,783
3,307,654
591,878
1,141,253
300,000
85,159
4,925,177

23.1 Salaries, wages and other benefits
Salaries & wages
342,704,601
8,929,948
15,779,066
367,413,615
7,927,844
10,590,655
385,932,114
258,972,628
9,713,153
268,685,781
5,679,587
129,528,603
62,419,715
4,078,886
66,498,601
29,750,000
91,027,876
33,600,000
45,786,194
33,600,000
45,786,194
4,941,481
4,212,664
113,073,995
2,095,061
5,298,484
120,467,540
3,381,476
Directors' remuneration
Bonuses
28,000,000
84,645,848
1,017,012
1,750,000
3,682,395
29,750,000
89,345,255
1,682,621
Retirement benefits
Other benefits
11,428,270
2,580,293
2,272,076
135,767
323,995
764,562
14,024,341
3,480,622
206,453
95,289
58,955
14,230,794
3,634,866
4,941,481
4,212,664
239,728,406
5,519,916
11,819,436
257,067,758
5,365,839
5,738,542
268,172,139
-
150,960,054
150,000
100,000
100,000
350,000
350,000
250,000
400,000
500,000
600,000
100,000
750,000
1,100,000
750,000
1,100,000
###
-
23.2 Auditors remuneration

KPMG
Half yearly review
Other certifications
4,078,886
155,038,940
-
24 Selling expenses
Freight outward expenses on export
1,455,102
1,500,000
10,071,980
13,027,082
13,027,082
38,269,538
38,269,538

Other selling expenses
8,135,757
2,973,542
2,659,604
677,916
96,676
2,869,015
10,892,037
6,520,473
10,892,037
6,520,473
9,140,980
10,271,791
9,140,980
10,271,791
12,564,401
4,837,520
13,037,671
30,439,592
30,439,592
57,682,309
904,619
789,597
789,597
7,675,494
8,580,113
789,597
789,597
33,406,330
3,294,287
16,512,093
6,662,519
784,382
-
17,296,475
6,662,519
7,254,575
128,300,000
2,472,541
-
###
2,472,541
-
1,768,000
20,000,000
1,768,000
20,000,000
25 Other income
Income from financial assets
Profit on bank deposit
Markup on delayed payment from NTDC
Income from non financial assets
Net scrap sales
Rental income
904,619
904,619
904,619
904,619
7,675,494
7,675,494
9,872,596
3,010,000
14,488,110
284,287
4,245,134
-
28,605,840
3,294,287
2,817,879
-
4,436,696
7,300,000
121,000,000
7,254,575
128,300,000
Insurance claim for damaged sugar bags

Gain on sale of investment
###
###
Profit on sale of property, plant and equipment

Others
120,440
15,700,475
15,700,475
26,629,533
27,534,152
125,245,134
125,245,134
167,575,142
168,479,761
7,675,494
63,091,010
63,091,010
(4,077,204)
3,759
(400,708)
(4,474,153)
Net mud sales

Sugar export subsidy
26 Other expenses
Worker's profit participation fund
Worker's welfare fund
Loss on sale of property, plant and equipment
Exchange loss on export sales
Others
-##
59,013,806
Unit - I
31-Mar-15
Rupees
27 Finance cost
Long term loans - secured
Less: Markup on advances to DSML (11.91% - 12.68%)
Short term borrowings - secured
Running finances
Cash finances
FATR
Less:
Mark up - JK Farming Systems Ltd (11.74%)
Mark up - Deharki Sugar Mills (Pvt) Ltd (11.47% - 12.59%)
###
###
3,759
Unit - II
31-Mar-15
Rupees
###
120,440
4,800,490
-
120,440
2,495,312
59,802
83,333
22,507
2,578,645
82,309
4,800,490
4,800,490
172,375,632
180,955,745
49,970,267
50,759,864
890,222
890,222
50,860,489
51,650,086
63,091,010
23,109,295
23,109,295
10,775,460
6,301,307
6,537,520
-
6,537,520
-
57,682,309
###
8,708,250
9,888,364
8,708,250
9,888,364
(400,708)
58,616,857
10,775,460
69,392,317
71,352,725
48,243,429
Unit - III
31-Mar-15
Rupees
Sugar
31-Mar-15
Rupees
Co-Gen
31-Mar-15
Rupees
Corporate Farms
31-Mar-15
###
Rupees
Merged
31-Mar-15
Rupees
Sugar
31-Mar-14
Rupees
Corporate Farms
31-Mar-14 ###
Rupees
Merged
31-Mar-14
Rupees
237,952,957
25,879,904
13,700,027
277,532,888
247,627,651
525,160,539
228,616,284
228,616,284
(15,792,448)
222,160,509
25,879,904
13,700,027
(15,792,448)
261,740,440
247,627,651
(15,792,448)
509,368,091
(122,218,760)
106,397,524
(122,218,760)
106,397,524
238,131,874
538,041
5,649,196
244,319,111
4,092,383
248,411,494
179,390,961
111,073,019
290,463,980
153,870,111
62,919,385
141,736,342
358,525,838
358,525,838
365,956,606
365,956,606
19,851,429
1,187,586
42,189
21,081,204
467,622
21,548,826
13,735,493
13,735,493
(56,982,487)
###
-
(56,982,487)
(56,982,487)
(27,013,945)
(40,516,635)
1,118,490
-
(25,895,455)
(40,516,635)

Mark up - Faruki Pulp Mills Ltd (11.74% - 12.59%)
Finance leases
Mark up on workers' profit participation fund
Bank charges and commission
28 Taxation
Income tax
Deferred tax
29 Earnings per share

Profit / (loss) after taxation
Weighted avg. no. of shares
Earnings per share
Rupees
No. of shares
Rupees
32,536,323
32,536,323
32,536,323
(52,157,760)
(52,157,760)
387,407,250
52,832,084
64,645,012
1,233,128
147,427,727
11,332,198
599,479,989
65,397,410
467,622
-
4,092,383
-
604,039,994
65,397,410
439,394,720
40,188,535
112,191,509
-
551,586,229
40,188,535
10,099,378
21,884,344
358,459
3,529,437
10,099,378
25,772,240
183,706
1,912
10,099,378
25,957,858
13,082,654
19,922,466
13,228
13,082,654
19,935,694
694,383,565
92,116,503
175,989,389
962,489,457
248,278,979
4,094,295
1,214,862,731
618,985,899
112,204,737
731,190,636
216,019,988
216,019,988
216,019,988
135,592,618
(193,055,593)
22,964,396
(46,867,026)
88,725,592
807,359,348
(83,858,133)
-
(193,055,593)
22,964,396
(328,735,828)
151,662,602
(260,931,358)
###
(193,055,593)
22,964,396
1,246,675,059
183,719,800
1,169,463,494
###
59,776,661
19.56
135,592,618
-
(46,867,026)
88,725,592
(496,543,509)
333,925,136
###
59,776,661
5.59

Valuation of Stock-in-Trade
As At 31 March 2015
Sugar
Unit- I
Tons
Unit- II
Tons
Unit- III
Tons
Cane Crushing
Recovery %age
2,445,297
11.18
1,275,891
10.59
1,365,110
11.10
48,974
271,210
320,184
1,635
135,102
136,737
53,063
151,562
204,625
(115,936)
(1,080)
(117,016)
203,168
(24,617)
(3,791)
(28,408)
108,329
(56,493)
(24,826)
(81,319)
123,306
Opening stock
Production
Total available stock for sale
Sales:
Local
Export
Closing Stock
B
Bags
4,063,353
2,166,573
Merged
Tons
2,466,119
5,086,298
11.01
103,672
557,873
661,545
(197,046)
(29,697)
(226,743)
434,802
8,696,045
Valuation of Sugar Stock

Cost of Goods Manufactured
Add:
Cost of electricty purchased - Intersegment
Cost of steam purchased - Intersegment
###
277,289,352
###
###
Less:
Intersegment sales of bagasse - Intersegment
Cost of electricity generation, Co-Gen
###
(587,737,691)
###
###
Less:
Sale of molasses - net
Stock of molasses
Cost of crop sold to DSML
Cost of captive power generation
Stock of bagasse - net
Sale of bagasse to third parties
Net Cost of Sugar Manufactured
Per ton cost
Value of closing stock of sugar (Rupees)
C
D=C/A
E=B*D
Valuation of work in process

Sugar
Total quantity in process as per RT-4
Recovery Rate
Sugarcane crushed for WIP
Sugar cane crushing as per RT - 4
Cane Cost
Per tone cost of crushing = G
Value of sugar in process (Rupees)
###
355,786,631
379,306,295
13,576,557
646,480,053
1,745,532
###
###
40,948
###
cost
Total
crushing
H=F*G
40,948
###
40,948
###
Tons
Tons
Tons
2,153.21
11.18
10.59
11.10
19,264
###
- ###
2,445,297
1,275,891
1,365,110
Tons
2,153.207
11.01
19,264
5,086,298
###
4,547
87,593,199
40,948
###
4,547
-
4,547
-
4,547
87,593,199
Valuation of Molasses Stock

Production
Sold & Lifted
Closing Stock
Tones
93,107
(76,999)
16,108
##
Tones
51,386
(31,633)
19,753
##
Tones
52,960
(47,000)
5,960
Tones
197,453
(155,632)
41,821
Calculation of average selling price of molasses

Total Sales
Avg. Selling Price of Molasses (Rate per ton)
Rupees
J
Valulation of Molasses Stock (Rupees)
K=I*J
592,052,569
8,507
###
353,843,512
8,507
###
378,125,001
8,507
###
8,507
50,703,219
355,786,631
8,507
-
2,262
8,507
19,242,256
Valuation of work in process Molasses

Total quantity in process (M.Tons)
Avg. Selling Price of Molasses sold (M.Ton)
Value of Molasses in process (Rupees)
L
M=J*L
2,262
8,507
19,242,256
8,507
-
Valuation of Bagasse Stock

Stock available
Bagasse Price - As per NEPRA Upfront Tarif
Total Bagasse Stock
Total Stock in Trade
M. Tons
Rs./ Ton
Rupees
N=E+H+K+M
122,174
2,861
###
###
51,447
2,861
###
###
52,333
2,861
###
###
225,953
2,861
646,480,053
###
10.1 Operating Fixed Assets

Owned
COST
PARTICULARS
Rupees
Direct Additions
Additions
through
Stores
Transfers from CWIP
Rupees
Rupees
Rupees
Sugar
Free hold Land
733,403,473
1,613,251
Factory building on free hold Land

Non factory building on free hold Land
961,222,742
613,876,895
6,617,480
46,738,249
7,551,232,513
2,604,369
Office equipments
Electric Installation
59,707,449
81,724,701
Tools and equipments

Furniture and fittings
46,842,813
29,416,285
Weighbridge
Arms & Ammunition
10,454,656
7,991,517
Road & Boundary Walls

Plant and machinery
Motor Vehicles
Tube well
Agri Implements
Aircraft - King Air B200 GT 3864
Aircraft - Cessna Chancellor 414 W
Computers
Truck and tractors
Fire fighting equipments
Rupees - Mar - 2015
313,730,257
2,591,679
DEPRECIATION
Rupees
Rupees
RATE %
Rupees
Rupees
Rupees
735,016,724
330,456,348
29,528,998
330,456,348
36,146,478
1,291,679,090
650,023,373
10
5
485,559,450
156,634,045
775,602,150
1,163,952,204
1,942,158,723
46,738,249
9,408,314,752
10
5
1,651,125
14,704,861
2,031,267
476,616
807,885
3,682,392
15,989,362
63,389,841
97,714,063
841,500
259,770
525,000
152,700
1,106,928
-
2,473,428
412,470
296,400
252,800
516,000
-
812,400
252,800
616,421
-
Rupees
-
39,205,395
10,924,462,731
Rupees
1,763,146
30,604,702
1,488,656
-
3,251,802
-
(85,076,484)
(85,076,484)
735,016,724
28,189,896
11,498,259
513,749,346
168,132,304
777,929,744
481,891,069
23,708,271
2,602,236,549
26,872,088
1,148,344
168,405,081
24,856,615
2,753,905,338
21,881,634
6,654,409,414
20
10
34,355,864
45,717,426
161,662
537,347
2,740,987
2,332,779
37,096,852
48,050,204
26,292,989
49,663,859
70,471
6,078
1,078,352
645,475
26,814,937
16,706,916
10
10
8,054,567
3,908,534
327,293,257
2,844,479
20
10
222,038,158
1,417,444
899,000
(2,597,000)
(1,698,000)
Rupees
4,471,891
96,070
10
10
Rupees
-
10,454,656
7,907,517
12,750,600
-
Rupees
-
49,316,241
29,828,755
(9,480,400)
-
Rupees
-
(84,000)
22,231,000
-
Net Book
Value
as at
31-03-2015
Dep
For the period on
Additions
398,645,627
27,062,058
Disposals
Total
Disposals /
Adjustment
1,613,251
Transfers /
Adjustments
1,034
-
(16,736,291)
27,893,289
17,352,391
21,422,953
12,476,364
119,676
203,143
(75,041)
8,174,243
4,036,636
2,280,413
3,870,881
9,970,227
63,053
4,997,880
-
237,006,265
1,480,497
90,286,992
1,363,982
(696,360)
37,507,395
10
17,108,033
1,051,896
17,463,569
20,043,826
398,645,627
10
170,536,981
11,374,185
181,911,166
216,734,461
30,313,860
10
33
17,229,860
1,844,707
19,074,567
11,239,293
616,421
-
20
20
780,792,389
1,525,852,363
2,337,249,454
(61,946,484)
27,940,450
468,248,383
(12,077,400)
(74,107,884)
13,187,604,301
592,833
(0)
113,662
-
2,352
0
3,832,619,868
32,330,302
240,668,411
6,231,175
595,185
(0)
21,236
0
(12,509,812)
4,060,778,467
9,126,825,834
Leased
Plant & machinery
657,272,213
Motor vehicles
251,768,682
Agri implements
6,158,001
496,188,833
(25,508,692)
(25,508,692)
1,127,952,354
51,303,908
24,982,500
24,982,500
(22,231,000)
(22,231,000)
254,520,182
20
80,994,864
6,500,000
6,500,000
6,500,000
10
10
966,933
18,832,179
(4,241,742)
65,894,345
1,062,058,009
17,114,328
(12,101,422)
86,007,770
168,512,412
1,781
1,781
6,498,219
234,744
(415,717)
785,960
4,473,041
(899,000)
(899,000)
5,259,001
(48,638,692)
1,394,231,537
133,265,705
6,231,175
36,183,032
(16,758,881)
152,689,856
1,241,541,681
38,561,477
276,851,443
(29,268,693)
4,213,468,323
10,368,367,515
276,851,443
(29,268,693)
4,213,468,323
10,368,367,515
Rupees - Mar - 2015
915,198,896
31,482,500
27,940,450
468,248,383
527,671,333
(48,638,692)
Rupees - Mar - 2015
11,839,661,627
62,087,202
808,732,839
1,994,100,746
2,864,920,787
(110,585,176)
(12,077,400)
(122,746,576)
14,581,835,838
3,965,885,573
11,839,661,627
62,087,202
808,732,839
1,994,100,746
2,864,920,787
(110,585,176)
(12,077,400)
(122,746,576)
14,581,835,838
3,965,885,573
Co-Gen
Factory building on free hold Land
247,707,967
18,256,318
266,261,102
284,517,420
532,225,387
10
6,551,228
13,135,673
25,160,474
31,711,702
500,513,685
Road & Boundary Walls

Plant and machinery
10,025,383
2,591,026,492
290,000
11,352,611
7,191,899
2,708,706,037
7,191,899
2,720,348,648
17,217,281
5,311,375,140
10
5
306,788
37,118,892
232,350
66,917,196
716,949
130,589,961
1,023,736
167,708,853
16,193,545
5,143,666,287
Office equipments
Tools and equipments
Computers
Fire fighting equipments
1,463,875
20,808,400
3,300,455
547,884
251,450
44,945,259
29,197,262
585,540
455,680
210,907
-
18,235,714
447,190
6,155,696
1,373,440
-
3,309,437
50,678,130
961,390
108,000
-
50,742,413
51,125,320
6,741,236
1,417,070
1,692,347
-
52,206,288
71,933,720
10,041,691
1,964,954
1,943,797
44,945,259
20
10
10
10
33
20
87,783
636,760
24,249
16,766
25,392
2,750,748
3,663,414
2,515,824
221,441
52,169
171,342
-
3,800,646
3,521,643
384,803
78,652
208,540
4,207,891
3,888,429
4,158,403
409,052
95,418
233,932
6,958,639
48,317,859
67,775,317
9,632,639
1,869,536
1,709,865
37,986,620
2,920,077,164
48,995,707
37,564,651
3,037,215,995
3,123,776,353
6,043,853,517
47,518,606
86,909,409
168,669,558
216,188,164
5,827,665,354
Rupees - Mar - 2015
Grand Total
14,759,738,791
-
111,082,909
-
846,297,490
-
5,031,316,741
-
5,988,697,140
(110,585,176)
-
31-Mar-15
31-Mar-14
Rupees
Rupees
Sugar
254,903,291
230,134,664
Co - Gen
168,669,558
21,948,152
21,380,241
445,521,001
251,514,905
(0)
Cost of goods manufactured / generated :
Other operating expenses
(12,077,400)
-
(122,746,576)
-
20,625,689,355
-
4,013,404,178
-
125,470,886
-
445,521,001
-
(29,268,693)
-
4,429,656,486
-
16,196,032,869
-
JDW Sugar Mills Limited - Corporate Farms

3

Fixed Assets Owned
Fixed Assets Leased
Capital Work in Progress
2014
Rs.
1,672,793,202
224,354,156
8,916,856
3.1
3.2
1,906,064,214
3.1 Fixed Assets Owned
01-Oct-14
Transfer from
JDW books at
WDV
951,411,474
326,554
12,205,540
Machinery and equipment
179,396,742
Machinery and equipment - 2
155,689,100
11,817,426
484,758,139
7,736,770
1,803,341,745
-
Freehold land
Buildings on freehold land - 1
Buildings on freehold land - 2

Vehicles
Office equipment
Cost
Additions /
Deletions
Transfer to /
(from)
38,704,250
535,976
(157,413)
1,677,211
(48,124)
7,204,783
(33,045)
558,848
(13,745)
14,985,724
(7,909,310)
144,123
(222)
63,810,915
(8,161,859)
Closing Balance
Accumulated Depreciation
For the Year
Adjustments
01-Oct-14
990,115,724
862,530
12,048,127
147,930
523,040
181,025,829
14,349,053
162,860,838
25,860,175
12,362,529
1,005,444
19,338,196
-
511,172,749
73,708,910
7,880,671
1,238,957
19,338,196
-
1,878,328,997
-
116,833,508
Closing Balance
82,078
289,579
(9,410)
9,222,901
(6,015)
16,054,134
(8,261)
587,803
(1,718)
60,231,433
(3,176,145)
749,272
(56)
87,217,200
(3,201,605)
4,686,692
990,115,724
230,008
803,209
###
632,522
11,244,918
23,565,939
157,459,890
1,591,529
###
120,954,790
###
10,771,000
135,450,890
375,721,859
1,988,173
###
5,892,498
41,906,048
4,686,692
WDV
205,535,795
1,672,793,202
###
(255,918,000)
3.2 Fixed Assets Leased

Vehicles
01-Oct-14
Transfer to CF
books
215,128,102
215,128,102
4
Intangible assets
Oracles - JD Edwards Enterprise One
01-Oct-14
20,397,279
Transfer to CF
books
-
Cost
Additions /
Deletions
89,631,628
89,631,628
153,442,543
Cost
Additions /
Deletions
Transfer to / Closing Balance

(from)
(19,338,196)
285,421,534
(19,338,196)
Transfer to /
(from)
-
285,421,534
-
Closing Balance
20,397,279
01-Oct-14
35,854,684
35,854,684
01-Oct-14
1,885,463
Additions /
Adjustments Closing Balance
Deletions
29,899,386
(4,686,692)
61,067,378
29,899,386
117,116,586
(4,686,692)
Adjustments
Additions /
Deletions
834,174
61,067,378
Closing Balance
2,719,637
WDV
224,354,156
224,354,156
WDV
17,677,642
19,026,034
JDW SUGAR MILLS LIMITED

WPPF WORKINGS
As at 31 Mar 2015
Merged
WPPF @ 5%
31-Mar-15
Gross Profit
Selling expenses
Other expenses
Other income
Finance cost
Net Loss
2,712,098,899
(30,439,592)
(385,932,114)
180,955,745
(1,214,862,731)
1,261,820,207
Taxable profit / loss for the year

Provision for WPPF
63,091,010
Merged
WPPF
Rs.
Opening Liability
Add Mark-up
Accrual for the Period
Total Liability
Less Paid
Closing Liability.
51,494,401
###
10,099,378#
63,091,010
###
124,684,789
61,593,779
63,091,010

Working for Current Taxation
31-Mar-15
Particulars
Income to be taxed Income to be taxed

under Normal Tax under Final Tax
Regime
Regime
(Rupees)
(Rupees)
Net Sales
Co-Gen
10,453,185,624
1,715,484,222
12,168,669,846
Export Sales
Total
12,168,669,846
Total
Turnover
Percentage to
Total Revenue
(Rupees)
-
1,364,220,270
1,364,220,270
10,453,185,624
1,715,484,222
12,168,669,846
77.24%
12.68%
89.92%
1,364,220,270
13,532,890,116
10.08%
100.00%
12,168,669,846
Sugar
Rs.
(237,966,962)
Profit Before Taxation as Per accounts

Add
Accounting Depreciation
Amortization of Leased Assets
Financial Charges of Leased Assets
Tax gain on disposal of assets
Common Expenses Relating to Corporate Farming
Charity & Donations
Provisison of Staff retirement benefits
Provisison of WWF
Provisison of WPPF
Less
Tax Depreciation
Income of farming division
Payment of Staff retirement benefits
Rental Income
Payment of WPPF
Lease Rentals Paid
Accounting gain on disposal of assets
Taxable (loss) / profit for the period
Co-Gen
Total
1,246,675,059
1,008,708,096
168,669,558
###
-
240,668,411
36,183,032
65,397,410
993,351
2,322,000
7,573,587
73,190,388
426,328,179
188,361,216
168,669,558
1,415,344,617
409,337,969
36,183,032
65,397,410
993,351
2,322,000
7,573,587
73,190,388
594,997,736
1,603,705,833
796,466,178
(226,628,268)
2,973,913
3,294,287
61,593,779
216,434,217
6,301,307
860,435,413
(672,074,196)
1,035,563,042
1,035,563,042
379,781,575
1,832,029,220
(226,628,268)
2,973,913
3,294,287
61,593,779
216,434,217
6,301,307
1,895,998,455
(292,292,622)
Profit attributable to Normal sales tax

Taxable (loss) / profit for the period
89.92%
(262,827,259)
WWF @ 2%
Alternate Corporate Tax

Accounting Profit Before Tax
Add: Income relating to corporate farms
Accounting Profit Chargeable to ACT
(237,966,962)
A
ACT @ 17%
A x 17%
Turnover Tax @ 1%
Tax Liability (Higher of A or B)
Tax on Export @ 1%
WWF
Agricultural Income Tax
Total Tax Liability
Less:
Tax Credit U/s 65 B
Co-Gen
Sugar
1,246,675,059
12,168,669,846
1%
2,720,348,648
1,942,158,723
4,662,507,371
10%
10%
BMR credit to be carried forward
Note:
No income tax provision has been accounetd for in the half yearly accounts due to BMR credit.
1,008,708,096
155,827,501
1,164,535,598
197,971,052
1%
121,686,698
197,971,052
13,642,203
4,406,734
216,019,988
272,034,865
194,215,872
466,250,737
(250,230,749)

Deferred Tax
31-Mar-15
Particulars
Fixed Assets excluding Land

Fixed Assets excluding Land - Co-Gen
Leased Assets
Impairment of JDW Power
Provisions for doubtful debts and Obsolescence
Provision for WPPF
Tax Losses Brought Forward
Deferred tax liability @ 33%
Less:
Turnover Tax TY 2015
Turnover/ACT Tax Adjustment
Carrying
Amount
(Rs)
8,977,340,539
5,827,665,354
1,433,969,898
90,000,000
1,154,322,883
83,979,594
124,684,789
68,256,699
Tax
Base
(Rs)
3,754,026,823
3,997,696,715
-
Timing
Difference
(Rs)
5,223,313,716
1,829,968,639
1,433,969,898
(90,000,000)
(1,154,322,883)
(83,979,594)
(124,684,789)
(68,256,699)
6,966,008,288
(262,827,259)
6,703,181,029
2,212,049,740
Tax credit on BMR

Net Liability
243,946,131
197,971,052
441,917,182
250,230,749
1,519,901,808
Opening liability
Deferred tax expense reversal charge to Profit & loss account
Total
1,712,957,401
(193,055,593)
1,519,901,808
Note:
Reversal of deferred tax expense relates to BMR credit has not accounted for in the books of account due to
uncertainity of available tax profits at this point of time.
JDW Coporate Farms

Expenses Apportionment of Expenses
As per Accounts
1
JDW
84.82%
Revenue
Less Costs:
Cost of sales
Other operating income
Finance cost
Net Profit
Assets for Tax
2
DSM
14.07%
Others wheat
1.11%
(2+3)
Exempt
15.18%
Total
100.00%
2,450,457,100
406,557,549
32,061,321
438,618,870
2,889,075,970
###
(2,277,106,264)
(8,982,784)
4,071,681
(3,472,700)
(2,294,629,599)
155,827,501
(377,796,755)
(1,490,342)
675,536
(576,159)
(379,187,720)
27,369,829
(29,793,231)
(117,529)
53,273
(45,436)
(29,902,923)
2,158,398
(407,589,986)
(1,607,871)
728,809
(621,595)
(409,090,643)
29,528,227
(2,684,696,250)
###
(10,590,655)
###
4,800,490
###
(4,094,295)
###
(2,703,720,242)
###
185,355,728
###
1,635,928
143,832,075
23,863,309
1,881,872
25,745,181
Agri Tax
Net Profit from Outside Sale
DSM
Others
27,369,829
2,158,398
29,528,227
Less:
A
Agricultural tax liability
Add: Rs. 22,500 on Rs. 300,000
Net Agri Tax
A X 15%
(300,000)
29,228,227
4,384,234
22,500
4,406,734
169,577,256

WORKING FOR CURRENT TAXATION
31-Mar-15
Allocation of Common Expenses
Revenue Sugar
Revenue Co gen
Revenue Corporate Farming
Total Revenue
Amount (Rs.)
11,817,405,894
1,715,484,222
438,618,870
13,971,508,986
Revenue of Corporate Farming - Exempt
438,618,870
Director's Remuneration
Electricity & Power
Finance Cost
Total Common Expenses
Formula
Expense Allocated to Corporate Farming
29,750,000
1,891,612
A
31,641,612
B/C * A
993,351

WORKING FOR CURRENT TAXATION
31-Mar-15
Corporate Farming
Amount (Rs.)
183,719,800
Profit / (loss) before Taxation As per Accounts

Add:
Accounting Depreciation
Tax Gain on Sale of PPE
117,116,586
117,116,586
300,836,386
Income / (loss) before Admissible deductions

Less:
Accounting Gain on Sale of PPE
Tax Depreciation
Fair Vale Gain on Biological Assets
Common Expenses Relating to Exempt Income
35,614,667
993,351
36,608,018
264,228,369
Taxable Income / (loss)

Revenue from in house sale
Revenue from outside sale
Total
Taxable Income / (loss) Relating to In house sale
85.77%
14.23%
100%
2,450,457,100
406,557,549
2,857,014,649
85.77%
226,628,268
JDW Sugar Mills Ltd

Tax Depreciation Schedule
31-Mar-15
Tax Year 2016
Initial Allowance
WDV as at
01 Oct 2014
Direct addition
(Rupees)
(Rupees)
(Deletion)
Transfers
Total
(Rupees)
(Rupees)
Rate %
Depreciation
Rate
Depreciation
Depreciation
Total depreciation
for the year
Closing WDV
31 Mar
2015
(Rupees)
(Rupees)
(Rupees)
Particulars
(Rupees)
(Rupees)
Building factory and Workshop
288,360,957
330,456,348
618,817,305
15
49,568,452
10
28,384,463
77,952,916
540,864,389
Building Others
171,494,962
36,146,478
207,641,440
15
5,421,972
10
10,083,272
15,505,244
192,136,196
9,173,443
412,470
9,585,913
15
716,974
716,974
8,868,939
58,672,350
812,400
(12,077,400)
2,223,100
49,630,450
15
3,712,086
3,712,086
45,918,364
1,304,117,272
1,942,158,723
(8,417,748)
3,237,858,247
25
485,539,681
15
205,858,348
691,398,028
2,546,460,218
23,450,130
23,450,130
30
3,507,882
3,507,882
19,942,247
5,481,859
3,251,802
8,733,661
25
812,951
30
1,184,852
1,997,802
6,735,859
22,397,982
22,397,982
15
1,675,246
1,675,246
20,722,736
1,860,750,973
2,335,636,203
-
(12,077,400)
-
255,123,123
796,466,178
3,381,648,950
Furniture & Fixture

Motor Vehicle
Plant & Machinery
Aircraft
Computers
Other assets
(6,194,648)
4,178,115,128
JDW Sugar Mills Ltd

Tax Depreciation Schedule - Co - Gen
31-Mar-15
Tax Year 2016
Particulars
Building Others
Furniture & Fixture
Motor Vehicle
Plant & Machinery
Aircraft
Computers
Other assets
Initial Allowance
WDV as at
01 Oct 2014
(Rupees)
189,496,595
7,669,418
1,651,779,388
132,011
60,405,992
1,909,483,404
JDW Sugar Mills Ltd

Tax Depreciation Schedule - Corporate Farms
31-Mar-15
Tax Year 2016
Particulars
Furniture & Fixture
Motor Vehicle
Plant & Machinery
Office equipment
Other assets
TOTAL
541,343,055
WDV as at
01 Oct 2014
(Rupees)
11,278,885
10,044,812
209,417,423
221,553,665
5,406,620
457,701,406
-
Direct addition
(Rupees)
284,517,420
7,191,899
2,720,348,648
1,692,347
110,026,039
3,123,776,353
-
Transfers
(Deletion)
(Rupees)
###
###
###
-
(Rupees)
###
###
###
###
###
-
Total
Rate %
(Rupees)
474,014,015
14,861,316
4,372,128,037
1,824,358
170,432,031
5,033,259,757
Depreciation
Rate
Depreciation
15
15
25
25
-
(Rupees)
42,677,613
1,078,785
680,087,162
423,087
724,266,647
10
10
15
15
15
30
30
15
Depreciation
(Rupees)
21,507,733
687,239
276,144,427
209,615
12,747,382
311,296,395
Total depreciation
for the year
(Rupees)
64,185,346
1,766,023
956,231,589
632,702
12,747,382
1,035,563,042
Closing WDV
31 Mar
2015
(Rupees)
409,828,669
13,095,293
3,415,896,448
1,191,657
157,684,649
3,997,696,715
Initial Allowance
Direct addition
(Rupees)
535,976
558,848
14,985,724
9,026,117
25,106,665
-
(Deletion)
(Rupees)
(157,413)
(13,745)
(7,909,310)
(81,169)
(222)
(8,161,859)
Transfers
(Rupees)
Total
(Rupees)
11,657,448
10,589,915
216,493,837
230,498,613
5,406,398
474,646,212
Rate %
Depreciation
Rate
Depreciation
(Rupees)
15
25
25
-
Depreciation
10
15
15
15
30
15
(Rupees)
581,275
792,068
16,192,553
17,240,033
808,738
35,614,667
84.82%
30,207,656
Total depreciation
for the year
(Rupees)
581,275
792,068
16,192,553
17,240,033
808,738
35,614,667
Closing WDV
31 Mar
2015
(Rupees)
11,076,172
9,797,847
200,301,284
213,258,580
4,597,660
439,031,544
372,377,873
1,071,177,709
4,436,728,260

JDW Sugar Mills Limited: Balance Sheet As at 31 March 2015

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JDW Sugar Mills Limited: Balance Sheet As at 31 March 2015

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JDW Sugar Mills Limited

EQUITY AND LIABILITIES

Authorised share capital

Issued, subscribed and paid-up capital

NON CURRENT LIABILITIES

Long term loans - secured

Liabilities against assets subject to finance lease

Current portion of non current liabilities

Trade and other payables

Interest and mark-up accrued

CONTINGENCIES AND COMMITMENTS

JDW - Unit III Sugar

NON CURRENT ASSETS

Long term advances

Long term deposits

Stores, spares and loose tools

Trade debts - unsecured, considered good

Advances, deposits, prepayments and