Page 25 - Condensed Interim Financial Statements - for the nine months ended March 31, 2024

Notes to and forming part of the Condensed Interim
Financial Statements (Unaudited)
For the nine months ended March 31, 2024
(Unaudited) (Unaudited)
Three months ended Nine months ended
Mar. 31, 2024 Mar. 31, 2023 Mar. 31, 2024 Mar. 31, 2023
Rupees ('000)
Dividend Received
Subsidiary Company 9,123 6,885 29,399 14,631
Associated Companies 87,309 109,136 218,272 618,552
Other related parties:
Remuneration of key management
personnel including benefits &
perquisites 39,351 24,088 179,736 131,031

Dividend to key management personnel 83,441 66,889 283,700 232,862
Contribution to staff retirement benefits plans
Management Staff Pension
Fund and Gratuity Fund 29,471 27,135 86,416 86,436
Approved Contributory Provident Funds 10,098 8,893 29,339 28,463
Contribution to Workers' Profit
Participation Fund 745,051 376,605 2,211,113 1,206,378

27. OPERATING SEGMENTS
The financial statements have been prepared on the basis of single reportable segment.
Revenue from external customers for products of the Company is disclosed in note 18.
Revenue from two major customers of the Company constitutes 76% of the total revenue
during the period ended March 31, 2024 (March 31, 2023: 75%).

28. DATE OF AUTHORIZATION
These condensed interim financial statements were authorized for circulation to the
shareholders by the Board of Directors of the Company on April 25, 2024.

Khalid Nafees Shuaib A. Malik Abdus Sattar
CFO Chief Executive Director

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