2. Mrs. Zakia Ilyas (Member)

2. Mrs. Zainab Waqas (Member)

3. Mrs. Yasmin Riaz (Member)

3. Mrs. Zakia Ilyas (Member)

Risk Management Committee

Nomination Committee

1. Mr. Raza Mustafa (Chairman)

1. Mrs. Yasmin Riaz

2.

Mrs. Yasmin Riaz

2. Mrs. Zainab Waqas

Company Secretary

Chief Financial Officer

Mr. Ansar Ahmed, FCA

Syed Mubashar Hussain Bukhari

Tel:

042-35917313

Tel: 042-35917313

Email: cs@hwgc.com.pk

Email: hwgc@hwgc.com.pk

Auditors

Registrar

M/s Qadeer & Company

Hameed Majeed Associates (Pvt.) Limited

Chartered Accountants

H.M. House, 7-Bank Square, Lahore

32-A, Lawrence Road, Lahore

Mills

Registered Office

Mouza Jagmal, Tehsil Jattoi

06-F, Model Town, Lahore

District. Muzaffargarh

Tel: 042-35917321-23

Fax: 042-35917317

Website: www.hwgc.com.pk

Bankers

Legal Advisor

National Bank of Pakistan

Muhammad Ahsan Khan

Sindh Bank Limited

(Advocate)

The Bank of Punjab

Operating profit/(loss)

(30,020)

(171,620)

(180,649

(210,609)

(396,701

(455,762)

Profit/(loss) before tax

(214,710)

(339,340)

(411,016)

(427,307)

(542,426)

(578,351)

Profit/((loss) after tax

(184,955)

(308,817)

(362,123)

(336,997)

(488,902)

(572,708)

FINANCIAL POSITION

Fixed assets - net

2,877,514

2,976,625

3,135,643

3,304,259

3,483,247

3,674,162

Paid up capital

324,000

324,000

324,000

324,000

324,000

324,000

Shareholder's equity

(1,489,546)

(1,593,470)

(1,284,865)

(922,841)

(597,829)

(1,737,303)

Long term liabilities

534,670

564,480

595,026

1,052,118

1,286,275

1,862,979

Current assets

101,853

106,831

119,835

142,836

189,585

476,748

Current liabilities

3,884,732

4,112,937

3,945,318

3,317,819

2,984,876

2,434,184

Breakup value per share (Rs)

(5.71)

(9.53)

(11.18)

(10.40)

(15.09)

(17.68)

STATISTICS

No. of employees

28

29

22

54

229

292

Sugar produced (M. Tons

-

-

-

-

5,808

15,242

Crushing period (days)

-

-

-

-

35

72

Capital Reserves

Surplus on revaluation of property, plant and equipment

Revenue reserves

Accumulated profit/(loss)

Non Current Liabilities

Long term financing

Deferred liabilities

Deferred taxation

Current Liabilities

Trade and other payables

Markup on loans and other payables

Short term borrowings

Unclaimed dividend

Current portion of non current liabilities

Contingencies and Commitments

ASSETS

Non Current Assets

Property, plant and equipment

Long term deposits

Current Assets

Stores, spares and loose tools Stock in trade

Advances, deposits, prepayments and other receivables Cash and bank balances

The annexed notes form an integral part of these financial statements.

1,262,648,855

(4,207,016,723)

(1,489,546,129)

-

17,727,972

516,942,121

534,670,093

800,883,054

1,058,817,812

656,399,886

1,443,972

1,367,187,642

3,884,732,366

-

2,929,856,330

2,827,513,789

490,000

2,828,003,789

55,892,796

-

43,524,421

2,435,324

101,852,541

2,929,856,330

1,323,260,805

(4,082,674,095)

(1,593,470,651)

-

17,782,639

546,697,573

564,480,212

791,525,787

1,011,317,540

656,462,763

1,443,972

1,652,187,642

4,112,937,704

-

3,083,947,265

2,976,625,434

490,000

2,977,115,434

55,892,796

-

49,209,513

1,729,522

106,831,831

3,083,947,265

Operating expenses:

(16,226,733)

- Administrative and general expenses

(11,276,729)

-

Other operating charges

(200,000)

(300,000)

-

Other income

37,188,002

-

Loss from operations

(30,020,273)

(171,619,907)

Finance cost

(184,689,757)

(167,720,397)

Loss before taxation

(214,710,030)

(339,340,304)

Taxation

29,755,452

30,523,388

Loss after taxation

(184,954,578)

(308,816,916)

Earning per share - basic

(5.71)

(9.53)

The annexed notes form an integral part of these financial statements.

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Haseeb Waqas Sugar Mills Ltd. published this content on 22 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 March 2023 07:00:01 UTC.