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Cost is v high
Financial charges have substantially increased
Net profit is too much reduced this year
Financial charges have substantially increased
Quetta Textiles Mills Limited
Balance Sheet
For the year ended June 30, 2008 2007 2006
Stores, spares & loose tools 19.00 280721841.00 219343215.00 179286069.00 Loans from Financial Institutions 8.00
Stock in trade 20.00 2074551749.00 1103996623.00 1031153349.00 Liabilities against Finance Lease 9.00
Trade debts 21.00 555620382.00 376336272.00 356122723.00 Deferred liabilities 10.00
Other Financial Assets 22.00 61787443.00 85109715.00 24974792.00 SUM
Loans & Advances 23.00 193336741.00 317245110.00 340362944.00
Short Term Prepayments 24.00 1350307.00 493739.00 174266.00
Other Receivbles 25.00 84589488.00 117725510.00 109509503.00 Current Liabilities
Cash & bank balances 26.00 2855264.00 5733404.00 6724292.00 Trade & other payables 12.00
3254813215.00 2225983588.00 2048307938.00 Markup accrued 13.00
0.46 0.09 Short term borrowing 11.00
Current portion of long term financing
7513237343.00 5661208624.00 5177570321.00
0.33 0.09
sum of liabilities
Capital
6,020,281,382 80.13%
1,492,955,961 19.87%
Company trying to have exponential sales with super normal profits as aggressiveness shows