March 31, 2005

June 30, 2004

Note

Rupees

Rupees

ASSETS

Non-Current Assets

Tangible fixed assets

- Operating assets

5

12,005,852

10,138,694

- Advance against purchase of fixed assets

6

795,000

609,000

12,800,852

10,747,694

Intangible assets

7

472,229

1,888,889

Stock exchange membership card and room

8

43,950,000

                       -

Long-term loans and term finances - net

9

265,093,515

332,046,956

Long-term security deposits

10

2,735,760

2,168,760

Deferred tax asset

11

44,136,560

1,331,046

369,188,916

348,183,345

Current Assets

Short-term investments

12

1,133,981,704

1,516,433,840

Advance subscription for Term Finance Certificates

13

50,000,000

20,000,000

Funds placements with financial institutions

14

584,736,818

159,741,185

Short-term finances - net

15

596,463,933

753,439,136

Advances, deposits, prepayments and other receivables

16

114,872,814

61,296,073

Advance taxation - net

11,548,976

13,876,901

Cash and bank balances

17

194,292,199

91,456,620

2,685,896,444

2,616,243,755

TOTAL ASSETS

3,055,085,360

2,964,427,100

EQUITY AND LIABILITIES

Share Capital and Reserves

Authorized capital

50,000,000 (2003 : 50,000,000) ordinary shares of Rs. 10/-each

500,000,000

500,000,000

Issued, subscribed and paid-up capital

30,000,000 (2003 : 30,000,000) fully paid ordinary shares of

Rs. 10/-each issued for cash

18.1

300,000,000

300,000,000

Capital Reserves

Statutory reserve

18.2

72,243,516

48,871,226

Reserve for issue of bonus shares

30,000,000

                     -

Revenue Reserves

Securities price fluctuation reserve

18.3

15,000,000

                     -

Unappropriated profit

67,915,040

50,484,913

485,158,556

399,356,139

Surplus / (Deficit) on revaluations of securities - net

19

(12,972,931)

68,974,631

Non-Current Liabilities

Long-term certificates of deposit

20

51,200,716

149,150,716

Long-term loans

21

300,000,000

86,107,323

351,200,716

235,258,039

Current Liabilities

Current maturity of long-term loans

21

85,844,088

218,675,468

Short-term certificates of deposit

20

694,512,571

634,602,263

Short-term borrowings

22

1,354,500,000

1,260,152,200

Short-term security deposits

4,025,000

6,000,000

Accrued expenses and other liabilities

23

17,817,360

29,408,360

Provision for taxation

45,000,000

52,000,000

Proposed dividend

30,000,000

60,000,000

2,231,699,019

2,260,838,291

24

                   -

                   -

3,055,085,360

2,964,427,100