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Financials 2021

Denim International (Private) Limited saw a loss of Rs. 4,907,537,000 for the year ended June 30, 2021 according to their statement of profit or loss. Sales increased to Rs. 1,400,364,000 from Rs. 984,332,000 the previous year. However, costs of sales were Rs. 1,862,484,000 resulting in a gross loss. Administrative and selling/distribution expenses, as well as finance costs, further increased the net loss. Other expenses were Rs. 4,445,004,000 contributing to an overall comprehensive loss for the year.

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28 views2 pages

Financials 2021

Denim International (Private) Limited saw a loss of Rs. 4,907,537,000 for the year ended June 30, 2021 according to their statement of profit or loss. Sales increased to Rs. 1,400,364,000 from Rs. 984,332,000 the previous year. However, costs of sales were Rs. 1,862,484,000 resulting in a gross loss. Administrative and selling/distribution expenses, as well as finance costs, further increased the net loss. Other expenses were Rs. 4,445,004,000 contributing to an overall comprehensive loss for the year.

Uploaded by

Tahseen Mukhtar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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DENIM INTERNATIONAL (PRIVATE) LIMITED

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME


FOR THE YEAR ENDED JUNE 30, 2021

- - - - Rupees in '000' - - - -
2021 2020

Sales - net 1,400,364 984,332

Cost of sales (1,862,484) (970,040)


Gross profit (462,120) 14,292

Administrative expenses (89,752) (52,442)

Selling and distribution expenses (82,313) (158,056)

Finance cost (296,306) (214,501)


(468,371) (424,999)
Operating profit / (loss) (930,491) (410,707)

Other operating expenses (4,445,004) (81,349)

Other income 481,962 155,091


(3,963,042) 73,742
Profit / (loss) before taxation (4,893,533) (336,965)

Taxation - net (14,004) (8,344)

Loss after taxation (4,907,537) (345,309)

Other comprehensive income -


Revaluation surplus on property, plant and equipment
arised during the year -

Remeasurement gain on defined benefit obligation -

Total comprehensive loss for the year (4,907,537) (345,309)

_______________________
Chief Executive
SPECIAL NOTE TO THE RETURN:

Denim International (Private) Limited is a exporter and under the applicable law we have to file the
statement of Final Tax U/S 115(4). However, when we are trying to open the IRIS is not allowd us to
open the statmnet and stated that we have to file the normal return. We accoringly, filling the related
date of statemnet of final tax U/S 115 (4).

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