| DANDOT
CEMENT COMPANY LIMITED |
| CASH FLOW STATEMENT |
| FOR THE PERIOD
ENDED DECEMBER 31, 2006 (UN-AUDITED) |
|
|
|
|
|
|
|
Dec. 31, 2006 |
|
Dec. 31, 2005 |
|
|
( Rupees in thousand ) |
|
|
|
|
|
| (Loss) / Profit before taxation |
(253,406) |
|
63,006 |
|
|
|
|
|
| Adjustment of
items not involving movement of cash: |
|
|
|
|
Depreciation |
49,419 |
|
52,081 |
|
Provision for Gratuity |
4,524 |
|
5,515 |
|
Exchange fluctuations |
30,323 |
|
(17,083) |
|
Amortization of deferred cost |
20,164 |
|
20,164 |
|
Finance cost |
50,281 |
|
38,044 |
|
|
|
|
|
|
|
154,711
|
|
98,721 |
|
|
|
|
|
| Operating cash
flows before working capital changes |
(98,695) |
|
161,727 |
|
|
|
|
|
| (Increase)/Decrease
in operating assets: |
|
|
|
|
Stores, spares and loose tools |
54,233 |
|
(10,759) |
|
Stock in trade |
(7,860) |
|
(3,672) |
|
Trade debtors |
- |
|
(100) |
|
Loan and advances |
(359) |
|
763 |
|
Deposits and short term prepayments |
(470) |
|
(17,274) |
|
Other receivables |
(666) |
|
(30,945) |
|
Increase/(Decrease) in creditors, accrued and |
|
|
|
|
other
liabilities |
71,273 |
|
(8,202) |
|
|
|
|
|
|
|
116,151
|
|
(70,189) |
|
|
|
|
|
|
|
17,456 |
|
91,538 |
|
Long term advances and deposits |
(127) |
|
104 |
|
Gratuity paid |
(7,967) |
|
(542) |
|
Finance cost paid |
(19,309) |
|
(28,423) |
|
Dividend paid |
- |
|
(9,819) |
|
Income tax paid |
(926) |
|
(4,981) |
|
|
|
|
|
| Net cash flows
from operating activities |
(10,873) |
|
47,877 |
|
|
|
|
|
| CASH FLOWS FROM
INVESTING ACTIVITIES |
|
|
|
|
|
|
|
|
|
Fixed assets - Tangible |
(39,805) |
|
(4,374) |
|
Long term loans and deposits |
581 |
|
130 |
|
|
|
|
|
| Net cash
outflows from investing activities |
(39,224) |
|
(4,244) |
|
|
|
|
|
| CASH FLOWS FROM
FINANCING ACTIVITIES |
|
|
|
|
|
|
|
|
|
Repayment of lease liability (Net) |
(3,458) |
|
(2,532) |
|
Past dues - CBA |
(26,179) |
|
(11,674) |
|
Sponsors loans |
23,422 |
|
(19,334) |
|
Short term borrowings |
77,604 |
|
41,244 |
|
Long term loans and liabilities |
(86,362) |
|
(50,822) |
|
|
|
|
|
| Net cash flows from financing activities |
(14,973) |
|
(43,118) |
|
|
|
|
|
| Net Increase in
cash and cash equivalents |
(65,070) |
|
515 |
|
|
|
|
|
| Cash and cash
equivalents at the beginning of the period |
84,715 |
|
8,028 |
|
|
|
|
|
| Cash and cash
equivalents at the end of the period |
19,645 |
|
8,543 |
|
|
|
|
|
|
|
|
|
|
|
ABDUR RAFIQUE KHAN |
A. SHOEB PIRACHA |
|
Chief Executive |
Director |
|
|
|
|
|