Syed Match Company Limited’s financial statements

Karachi: In connection with the above mentioned subject, we are sending you the  Financial Statements (Annual Audited Accounts 2009-2010, Un-audited Financial Statement, September 30, 2010, Un-audited Financial Statement, September 30, 2010, Un-audited Half Yearly Financial Statement December 31, 2010 and Un-audited Financial Statement March 31, 2011.

 

Statement of comprehensive income for the year ended June 30, 2010

 

Note

2010

2009

(Rupees)

(Rupees)

Sales- Net1844,961,50035,193,663
Cost of Goods Sold1950,862,910 38,437,222
———- ———-
Gross Profit / (Loss) (5,901,410) (3,243,559)
Operating Expenses
Administrative expenses204,396,3271,696,101
Selling and distribution cost2169,795 35,920
 ———-———-
4,466,1221,732,021
 ———- ———-
Operating Profit/ (Loss) (10,367,532) (4,975,580)
Finance Cost2225,81346,049
———-———-
Profit/ (Loss) Before Taxation(10,393,345) (5,021,629)
Taxation23224,808 -
 ———- ———-
Profit/ (Loss) After Taxation (10,618,153)(5,021,629)
Unusual Item24(6,574,693) -
Prior Year adjustment2513,963,780 -
———-———-
Profit / (Loss) After Taxation(3,229,066)(5,021,629)

 

 

Condensed Interim Statement of Comprehensive Income (Un-audited) for the Half Year Ended December 31, 2010

 

Half Year

Ended December

31, 2010

Half Year

Ended December

31, 2009

Quarter

Ended December

31, 2010

Quarter

Ended December

31, 2009

Note(Rupees)(Rupees)(Rupees)(Rupees)
Sale-Net817,136,00016,543,7006,800,0007,554,201
Cost of Goods Sold916,360,31516,681,1366,783,1329,427,813
 ———-———- ———-———-
Gross Profit / (Loss) 775,685(137,436)16,368(1,873,612)
Operating Expenses
Administrative expenses807,789769,850511,850341,654
Selling and distribution cost27,69418,20023,5248,311
 ———-———- ———- ———-
835,483788,050535,374 349,964
 ———- ———-———- ———-
Operating Profit / (Loss) (59,798) (925,486)(518,506)(2,223,570)
Finance Cost25,11237,453 14,093 4,082
 ———- ———-———- ———-
(Loss) Before Taxation (849,910)(962,939) (532,599)(2,227,658)
Taxation171,36082,719 -37,771
 ———-———-———- ———-
(Loss) after Taxation(256,270)(1,045,657)(532,599)(2,265,429)
Usual Item10(1,288,960)(6,574,693) (1,288,960)
 ———-———- ———-———-
Net (Loss) for the period(1,545,230)(7,620,350)(1,821,559)(2,265,429)
Other Comprehensive income -  -- -
  ———-———- ———-———-
Total Comprehensive (Loss)(1,545,230)(7,620,350) (1,821,559)(2,265,429)
 ———-———- ———-———-
Earning/ (Loss) per share (basic and diluted)(5.15) (25.40)(6.07)(7.55)

 

The annexed notes from (1) to (14) form an integral part of these financial statements.

Condensed Interim Statement of Comprehensive Income (Un-Audited) for the Period Ended March 31, 3011

 

July 2010

to

March 2011

July 2009

to

March 2010

January 2011

to

March 2011

January 2010

to

March 2010

Note(Rupees)(Rupees)(Rupees)(Rupees)
Sales -Net624,832,00028,711,7007,696,0007,168,000
Cost of Goods Sold723,747,46125,004,2137,387,1468,883,077
 ———-———-———- ———-
Gross (Loss)1,084,539 (1,852,513)308,146(1,715,077)
Operating Expenses
Administrative1,178,7771,499,677370,988856,180
Selling and distribution40,245 153,85318,551135,453
 ———-———- ———- ———-
1,225,0221,853,330389,539 991,633
 ———- ———-———-———-
Operating (Loss)(140,483)(3,505,843) (80,685)(2,705,710)
Financial Charges34,345611,1489,233573,695
 ———-———- ———-———-
(Loss) before Taxation (174,828)(4,116,991)(89,918)(3,280,405)
Taxation 124,160118,559 38,48035,840
 ———-———-———- ———-
(Loss) after Taxation(298,988) (4,235,550)(128,398)(3,316,245)
Unusual Item9 (1,288,980)(6,574,893)(1,288,960)
 ———- ———- ———- ———-
Net (Loss) for the Period(1,587,948)(10,810,243)(1,417,358)(3,316,245)
Other comprehensive income for the period - - -  -
 ———- ———- ———-  ———-
Total Comprehensive Income for the Period (1,587,948) (10,810,243)(1,417,358)(3,316,245)
 ———-  ———-———- ———-
Earning per share (basic and diluted) (6.29)  (36.03)(4.72)(11.05)

 

 

The annexed notes from (1) to (11) form an integral part of these financial statements.

Statement of Comprehensive Income (Un-Audited) for the Quarter September 30, 2010

 

July – Sep

2010

July – Sep

2009

Note(Rupees) (Rupees)
Sales – Net10,336,0008,428,250
Cost of Goods Sold9,476,198 7,253,323
 ——— ———
Gross Profit/ (Loss)859,8021,174,927
Operating Expenses
Administrative expenses 346,708428,196
Selling and distribution cost4,1709,889
——— ———
350,878438,085
 ——————
Operating Profit (Loss)508,924736,842
Finance Cost11,01933,371
 ——————
Profit/ (Loss) before Taxation 497,905703,471
Taxation -44,947
——— ———
Profit / (Loss) After Taxation 497,905658,524
Unusual Item71,687,650 6,574,693
——————
Profit/ (Loss) After Taxation (1,189,745) (5,916,169)
Other Comprehensive income- -
 ——————
Un-Appropriated (Loss) Carried Forward (1,189,745)(5,916,169)
——— ———
Earning / (Loss) per share (basic and diluted) (3.97) (19.12)

 

The annexed notes from (1) to (33) form an integral part of these financial statements.

For more information, contact:
Syed Match Company Limited
Rehana Road, Sarai Saleh Tehsil
Haripur,NWFP
TEl: 611378
Fax: 611391