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Annual Report 2003

 
Profit And Loss Account
For The Year Ended September 30, 2003
 

Note

2003

2002

   

Rs.000s

       

Sales

22

5,566,862

5,765,701

Cost of sales

23

4,498,077

4,534,745

   


Gross profit

 

1,068,785

1,230,956

   

Administrative expenses

24

289,577

199,255

241,598  

199,760  

Selling expenses

25

   

488,832

441,358

   


Operating Profit

 

579,953

789,598

Other income

26

6,493

7,720

   

    586,446
797,318
   

Financial charges

27

181,525


20,246

2,841

371,949 


21,268 

3,739 

Workers' profit participation fund

 

Workers' welfare fund

 
   

204,612

396,956

   


Profit for the year before taxation

 


381,834


400,362

Provision for taxation

28

80,000

64,600

   


Profit for the year after taxation

 


301,834


335,762

Unappropriated profit brought forward


2,099


11,703

   


Profit available for appropriation

 


303,933


347,465

   

Appropriations

 
   

Proposed dividend @ Rs. 3/- (2002: Rs. 5/-) per share

 



102,220

200,000



170,366

175,000

General reserve

 
   

302,220

345,366

   


Unappropriated profit carried forward

 


1,713


2,099

   

Earnings per share (Rs.)

29

8.86

9.85

 
  The annexed notes form an integral part of these accounts.

ZAIN BASHIR

ZIAD BASHIR

Director

Director