December 31,

June 30,

Note

2004

2004

Restated

------------------- Rupees -------------------

ASSETS

Non-Current Assets

Fixed assets - tangible

Operating assets

17,190,919

12,005,852

Advance against purchase of fixed assets

270,000

795,000

17,460,919

12,800,852

Intangible assets

-

472,229

Stock exchange membership card and room

43,950,000

43,950,000

Long-term loans and term finances - net

354,258,752

265,093,515

Long-term security deposits

2,717,760

2,735,760

Deferred tax asset

40,675,014

44,136,560

459,062,445

369,188,916

Current Assets

Short-term investments

4

735,807,029

1,133,981,704

Advance subscription for Term Finance Certificates

-

50,000,000

Funds placements with financial institutions

5

1,129,130,373

584,736,818

Short-term finances - net

661,766,897

596,463,933

Advances, deposits, prepayments and other receivables

6

260,746,476

114,872,814

Advance taxation - net

8,500,562

11,548,976

Cash and bank balances

344,309,336

194,292,199

3,140,260,673

2,685,896,444

TOTAL ASSETS

3,599,323,118

3,055,085,360

EQUITY AND LIABILITIES

Share Capital and Reserves

Authorized capital

50,000,000 (June 30, 2004 : 50,000,000) ordinary shares of Rs. 10/-each

500,000,000

500,000,000

Issued, subscribed and paid-up capital

30,000,000 (June 30, 2004 : 30,000,000) fully paid ordinary shares of Rs. 10/-each issued for cash

300,000,000

300,000,000

3,000,000 (June 30, 2004 : Nil) fully paid ordinary shares of Rs. 10/-each issued as bonus rates

30,000,000

-

Capital Reserves

Statutory reserve

72,243,516

72,243,516

Revenue Reserves

Securities price fluctuation reserve

15,000,000

15,000,000

Unappropriated profit

96,863,767

127,915,040

514,107,283

515,158,556

Surplus / (Deficit) on revaluations of securities - net

(6,410,351)

(12,972,931)

Non-Current Liabilities

Long-term loans

7

466,666,666

300,000,000

Long-term certificates of deposit

49,135,716

51,200,716

515,802,382

351,200,716

Current Liabilities

Current maturity of long-term loans

166,666,666

85,844,088

Short-term certificates of deposit

1,118,916,028

694,512,571

Short-term borrowings

1,220,070,152

1,354,500,000

Short-term security deposits

4,025,000

4,025,000

Accrued expenses and other liabilities

52,145,958

17,817,360

Provision for taxation

14,000,000

45,000,000

2,575,823,804

2,201,699,019

8

-

-

3,599,323,118

3,055,085,360

The annexed notes from 1 to 13 form an integral part of these financial statements