Pakistan Mobile Communication Limited’s financial results for the year ended December 31, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on March 6, 2012 at 10:00 AM at Islamabad, Pakistan recommended the following:

I. Cash Dividend                                        None

II. Bonus Shares                                        None

III. Right Shares                                       None

IV. Any Other Entitlement/Corporate Action              None

V. Any Other Price Sensitive Information                None

We will be sending you 300 copies of printed Accounts for distribution amongst the members of the Exchange 21 days before the date of AGM.

Balance Sheet as at December 31, 2011

 

December 31,

December 31,

Note

2011

2010

(US Dollars)

(Pak Rupees)

(Pak Rupees)

(Note 4.1)
Assets
Non-Current Assets
Property, plant and equipment 5 1,265,411,502 113,676,091,084 116,934,541,569
Intangible assets 6 119,983,011 10,778,469,781 10,121,670,540
————- ————— —————
1,385,394,513 124,454,560,865 127,056,212,409
Long-tern, investments 7 33,933,720 3,048,378,012 1,880,951,298
Long-term deposits 8 2,297,469 206,389,216 184,713,823
Derivative financial asset 9 56,821,024 5,104,420,086 5,894,495,206
————- ————— —————
1,478,446,726 132,813,748,179 135,016,373,736
Current Assets
Stock-in-trade 10 5,315,503 477,609,196 538,079,210
Trade debts 11 26,941,207 2,420,217,568 1,726,486,158
Loans and advances 12 4,063,477 365,035,556 200,687,081
Short-term prepayments 13 20,718,300 1,861,193,255 1,653,808,032
Interest accrued 14 203,342 18,266,889 110,495,690
Other receivables 15 7,415,357 666,146,018 254,076,712
Other financial assets 16 18,329,838 1,646.629,876 3,375,037,234
Tax refund due from the Government 17 43,246,777 3,885,000,669 1,227,529,276
Cash and bank balances 18 26,184,602 2,352,249,210 6,127,643,354
————- ————— —————
152,418,403 13,692,248,237 15,213,842,727
————- ————— —————
Total Assets 1,630,865,129 146,505,996,416 150,230,216,463
————- ————— —————
Equity and Liabilities
Capital and Reserves
Share capital
Authorised
3,000,000,000 (2010:3,000,000,000)
Ordinary shares of Rs.10 each - 30,000,000,000 30,000,000,000
————- ————— —————
Issued, subscribed and paid-up capital 19 305,712,555 22,527,215,980 22,527,215,980
Reserves 20 108,555,825 2,980,623,465 5,278,152,111
Foreign Currency translation reserve (130,322,310) - -
————- ————— —————
283,946,370 25,507,839,445 27,805,368,157
————- ————— —————
Non-Current Liabilities
Long-term financing 21 392,748,985 38,281,937,400 49,301,568,632
Liabilities against assets subject to finance lease 22 1,027,285 92,284,446 67,400,965
Long-term murabaha 23 360,005 32,340,407 -
License fee payable 24 67,451,448 6,069,386,198 6,366,743,601
Long-term deposits and payables 25 28,302,494 2,542,506,417 1,701,538,061
Deferred liabilities 26 57,773,628 5,189,995,684 5,396,391,170
————- ————— —————
647,663,845 49,198,450,552 62,833,642,429
Current Liabilities
Trade and other payables 27 566,326,231 50,874,954,185 37,444,157,510
Accrued mark-up 26 21,704,978 1,949,829,975 2,007,763,097
Current portion of non-current liabilities 29 204,683,230 18,387,370,030 20,139,295,270
Short-term borrowings 30 6,540,475 587,662,229 -
————- ————— —————
799,254,914 71,799,706,419 59,591,205,877
————- ————— —————
1,346,918,759 120,998,156,971 122,424,848,306
————- ————— —————
Total Equity and Liabilities 1,630,865,129 146,505,996,418 150,230,216,463

 

For more information, Contact:
Pakistan Mobile Communication Limited
Mobilink House: 1-A, Kohistan Road
F-8 Markaz, Islamabad-Pakistan
T: +92-51-2817533
F: +92-51-2817554
Web: www.mobilinkgsm.com

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