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23. Transaction with related parties
Sales of goods and services to
4,400,191
Purchase of goods and services from
29,163
391,407
Dividend paid
4,492,007
13,663
Other related parties
55,995
23,237
8,257
309,666
24. Operating segments
25. Date of authorisation
Aggregate transactions with related parties of the
Company were as follows:
Associated companies
5,060,257
Parent company
37,161
Associated companies
445,797
Parent company
3,119,449
Associated companies
9,488
Remuneration of Chief Executive and key management
personnel including benefits and perquisites
28,206
Contribution to staff retirement benefits plans
Management Staff Pension Fund and Gratuity Fund
21,769
Approved Contributory Provident Funds
8,447
Contribution to Workers' profit participation fund
275,788
The financial statements have been prepared on the basis of single reportable segment.
Revenue fromexternal customers for products of the Company is disclosed in note 16.
Revenue from two major customers of the Company constitutes 64% of the total revenue
during the period ended September 30, 2019 (September 30, 2018: 71%).
These condensed interim financial statements were authorised for circulation to the
shareholders by the Board of Directors of the Company on October 15, 2019.
Director
Abdus Sattar
CFO
Khalid Nafees
Chief Executive
Shuaib A. Malik
Notes to and forming part of the condensed interim
Consolidated Financial Statements (Unaudited)
For the three months period ended September 30, 2019
Three months period ended
Rupees
(’000)
Sep 30, 2019
Sep 30, 2018