VISION AND MISSION STATEMENT

VISION
Make quality food for better life.

MISSION
Product innovation with optimal quality, taste and nutrition. To create value, inspire moments and deliver
wellness.

COMPANY PROFILE
Board of Directors Mrs. Saadia Omar Chairperson
Mr. Omar Shafiq Chaudhry Chief Executive
Miss Mahnoor Chaudhry Director
Miss Mahnan Omar Director
Miss Maya Omar Director
Mrs. Shahzi Khan Director
Mr. Rafi Uz Zaman Awan Director
Audit Committee Mr. Rafi Uz Zaman Awan Chairman
Miss Mahnoor Chaudhry Member
Mrs. Saadia Omer Member
Chief Financial Officer Mr. Muhammad Zubair

Company Secretary Mr. Zahid Rasheed Alvi

Auditors Aslam Malik & Co. Chartered Accountants
Bankers Samba Bank Limited
Bank Al Habib Limited
Meezan Bank Limited
PAIR Investment Bank Limited
First Women Bank Limited
Pak Libya Investment Company (Pvt.) Limited
The Bank of Khyber
Share Registrar F.D. Registrar Services (SMC-Pvt.) Limited
17th Floor, Saima Trade Tower-A, I.I. Chundrigar Road, Karachi-74000
Ph# 9921-35478192-93, Dir# 9221-32271905-6, Fax# 9221-32621233

Legal Advisor Bukhari Law Associates

Head Office 105/A, Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore
Email [email protected]
Website www.bunnys.com.pk
DIRECTORS’ REPORT

In the name of Allah, the Most Merciful and the Most Benevolent.

Dear Shareholders,

The Directors of the Company are pleased to present the Directors' Review Report along with the
financial information for the 2nd quarter period ended December 31, 2024.

Overview:
Rs. (Million)
QUARTER ENDED
December 31, 2024 December 31, 2023

Sales – net 1,886.85 1,791.64

Gross profit 464.99 415.13
Operating profit 84.00 126.59
(Loss) / Profit after tax 83.05 67.14
(Loss) / Earnings per share (Rs.) 1.24 1.00

This condensed interim financial information adheres to the requirements of the Companies Act, 2017.

We are pleased to report a growth of 5.31% in your company's revenue compared to the same quarter
of the previous year. On the other hand, gross profit ratio for the period under review has improved to
24.64% as compared to 23.17% for the same period of last year. The first two quarters of the financial
year 2025 have shown a remarkable growth in overall results of the company. A brief comparison of
the first two quarters of the financial year 2025 and 2024 is as follows:
Gross profit ratio has improved significantly due to lower flour prices, while on the other hand better
operations management has also contributed to this improvement. Finance cost has also decreased
over the period due to lower markup rates. Company’s management is hopeful that the input prices
will remain stable for the next two quarters of the financial year 2025

As always, Company’s management is consistent with its proactive approach, and will continue to
optimize operations and processes to enhance competitiveness in the market.

Expansion and Modernization Projects:

To solidify its position as an industry leader, your company is consistently updating its plant and
equipment with cutting-edge technology. This ensures the sustainability of the company's operations
in the most efficient and cost-effective manner.

Contingencies and Commitments:

There have been no major changes in commitments affecting the financial position of the company
between the balance sheet date and the date of this report.

Acknowledgments:

We extend our heartfelt gratitude to our various stakeholders, including shareholders, bankers, and
others, for their unwavering faith in the company, which has contributed significantly to its growth
over the past year. We look forward to their continued support and confidence to help the company
grow further and expand its product portfolio.

Our thanks also go to the Pakistan Stock Exchange Limited, the Securities & Exchange Commission of
Pakistan, and the Central Depository Company of Pakistan Limited for their continuous support and
cooperation. We hope for this support to continue in the future.

We recognize and appreciate the efforts of our dedicated and talented human resources for their hard
work, contributing to the outstanding operational growth. We expect continued efforts from our
employees to achieve higher goals in the future.
4er
The Board expresses its gratitude for the cooperation extended by the Government of Pakistan and
strategic partners, including customers and suppliers.

For and on behalf of the Board of Directors,

Director
Lahore
February 28, 2025
CamScanner
BUNNY'S LIMITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UNAUDITED)
AS AT DECEMBER 31, 2024
Audited
December 31, 2024 June 30, 2024
Note
-------------- Rupees --------------
ASSETS Restated
Non-current assets
Property, plant and equipment 4 2,662,546,526 2,736,685,204
Intangible assets 5 30,262 33,624
Long term security deposits 24,113,859 22,593,859
2,686,690,646 2,759,312,687
Current assets
Stores, spares and loose tools 11,276,810 11,907,343
Stock-in-trade 6 398,548,961 445,329,325
Trade debts - unsecured 610,530,288 576,084,844
Advances, deposits and prepayments 479,199,208 348,613,937
Cash and bank balances 7 2,140,196 895,660
1,501,695,464 1,382,831,109

Total assets 4,188,386,110 4,142,143,796

EQUITY AND LIABILITIES

Capital and reserves
Authorized share capital 1,000,000,000 1,000,000,000
100,000,000 Ordinary shares of Rs.10/- each .

Issued, subscribed and paid up share capital 8 668,052,700 668,052,700

Capital reserves 49,713,670 49,713,670
Un-appropriated profits 1,221,605,436 1,108,425,884
1,939,371,806 1,826,192,254
Non-current liabilities
Long term finances - secured 9 243,853,416 240,735,666
Deferred grant 23,242,073 25,603,153
Lease liabilities 10 4,835,487 11,064,270
Long term advances - unsecured 9,897,423 9,798,423
Deferred liabilities 11 262,663,312 296,412,353
544,491,713 583,613,865
Current liabilities
Trade and other payables 12 558,088,911 553,214,936
Contract liability 39,060,458 35,365,257
Unclaimed dividend 765,699 765,699
Accrued mark-up on secured loans 94,888,576 133,892,818
Short term borrowings 13 719,024,595 721,478,297
Current portion of long term finances and leases - secured 132,098,231 160,303,330
Provision for taxation - net 160,596,121 127,317,340
1,704,522,591 1,732,337,678
Contingencies and commitments 14

Total equity and liabilities 4,188,386,110 4,142,143,796

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

Chief Executive Director Chief Financial Officer

BUNNY'S LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED)
FOR THE QUARTER ENDED DECEMBER 31, 2024

Quarter ended Six months ended

December 31, December 31, December 31, December 31,
Note
2024 2023 2024 2023
-------------- Rupees --------------

Revenue - net 1,886,852,980 1,791,638,181 3,687,241,535 3,458,794,227

Cost of sales (1,421,866,238) (1,376,506,472) (2,769,977,578) (2,738,211,421)

Gross profit 464,986,742 415,131,708 917,263,957 720,582,805

Operating expenses
Administrative and general 112,633,221 92,316,902 204,493,006 157,909,337
Selling and distribution 268,349,887 196,220,573 495,462,735 375,048,499
(380,983,108) (288,537,475) (699,955,741) (532,957,836)

Operating profit 84,003,634 126,594,233 217,308,216 187,624,969

Other operating expenses (584,471) (2,272,962) (5,088,777) (2,272,962)

Other income 19,816,887 4,981,464 21,000,661 6,224,600
Finance cost (55,940,663) (74,940,452) (115,532,684) (146,097,238)
(36,708,246) (72,231,950) (99,620,799) (142,145,600)

Profit before taxation 47,295,388 54,362,284 117,687,417 45,479,370

Taxation 35,749,862 12,773,328 (4,507,865) (25,740,419)

Profit after taxation 83,045,251 67,135,612 113,179,552 19,738,952

- - - -
Other Comprehensive Income for the period

Total Comprehensive Income for the period 83,045,251 67,135,612 113,179,552 19,738,952

Earning per share - basic & diluted 16 1.24 1.00 1.69 0.30

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

Chief Executive Director Chief Financial Officer

BUNNY'S LIMITED
CONDENSED INTERIM STATEMENT OF CASH FLOWS (UNAUDITED)
FOR THE QUARTER ENDED DECEMBER 31, 2024

December 31, 2024 December 31, 2023

Note
-------------- Rupees --------------

CASH FLOW FROM OPERATING ACTIVITIES

Cash generated from operations 16 182,932,966 237,074,584

Financial charges paid (154,536,925) (111,915,779)

Income tax paid (10,437,722) (26,395,339)
Staff gratuity paid (12,166,387) (17,141,038)
Workers' (profit) participation fund paid - (9,974,508)
Net increase in long term advances 99,000 88,600
Net increase in security deposits (1,520,000) (6,936,950)
(178,562,035) (172,275,014)
Net cash generated from operating activities 4,370,931 64,799,570

CASH FLOW FROM INVESTING ACTIVITIES

Sale proceeds from disposal of fixed assets 41,486,713 4,377,816

Purchase of fixed assets (8,469,257)
Fixed capital expenditure - (87,699,193)
Net cash used in investing activities 33,017,456 (83,321,377)

CASH FLOW FROM FINANCING ACTIVITIES

Proceeds less repayment of long term loans (8,759,100) (22,593,194)
Proceeds less repayment of lease liabilities (24,931,049) (29,708,194)
Net decrease in short term finances (2,453,702) 66,049,422

Net cash generated / (paid for) from financing activities (36,143,851) 13,748,034

Net (decrease) / increase in cash and cash equivalents 1,244,536 (4,773,773)

Cash and cash equivalents at the beginning of the period 895,660 6,416,211
Cash and cash equivalents at end of the period 17 2,140,197 1,642,438

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

Chief Executive Director Chief Financial Officer

BUNNY'S LIMITED
CONDENCED INTERIM STATEMENT OF CHANGES IN EQUITY (UNAUDITED)
FOR THE QUARTER ENDED DECEMBER 31, 2024

Capital Reserves Revenue Reserve

Share Capital Share premium Un-appropriated Total Equity
Particulars Note
reserve profit
----------------------- Rupees -----------------------

Balance as at July 01, 2024 (Audited) 668,052,700 49,713,670 1,108,425,884 1,826,192,254

Profit for the period - - 113,179,552 113,179,552

Balance as at December 31, 2024 668,052,700 49,713,670 1,221,605,436 1,939,371,806

Balance as at July 01, 2023 (Audited) - Restated 668,052,700 49,713,670 1,237,737,512 1,955,503,882

Profit for the period - - 19,738,952 19,738,952

Balance as at December 31, 2023 668,052,700 49,713,670 1,257,476,464 1,975,242,834

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

________________
Chief Executive Director Chief Financial Officer
BUNNY'S LIMITED
CONDENSED INTERIM NOTES TO THE FINANCIAL INFORMATION
FOR THE QUARTER ENDED DECEMBER 31, 2024

1 STATUS AND NATURE OF BUSINESS

Bunny's Limited (the Company) was incorporated in Pakistan as a private limited Company on October 22, 1980 under the repealed
Companies Act 1913 (now Companies Act, 2017) and was later on converted into a Public Listed Company. The Company is principally
engaged in manufacturing of bakery and other food products. The registered office and manufacturing facility of the Company is situated at
105/A Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore.

2 BASIS OF PREPARATION

2.1 This condensed interim financial information are unaudited and have been prepared in accordance with the accounting and reporting
standards as applicable in Pakistan for interim financial reporting. The accounting and reporting standards as applicable in Pakistan for
interim financial reporting comprise of:
- International Accounting Standard 34, ‘Interim Financial Reporting’, issued by International Accounting Standards Board
(IASB) as notified under the Companies Act, 2017; and
- Provisions of and directives issued under the Companies Act, 2017.
Where the provisions of and directives issued under the Companies Act, 2017 differ with the requirements of IAS 34, the provisions of and
directives issued under the Companies Act, 2017 have been followed.

2.2 The preparation of this condensed interim financial information in conformity with the approved accounting and reporting standards
requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the
Company's accounting policies. Estimates and judgments are continually evaluated and are based on historical experience and other factors,
including expectation of future events that are believed to be reasonable under the circumstances. Actual results may differ from these
estimates.

During preparation of this condensed interim financial information, the significant judgments made by the management in applying the
Company's accounting policies and the key sources of estimation and uncertainty are the same as those that apply to the financial
statements for the year ended June 30, 2024.

3 ACCOUNTING POLICIES

3.1 The accounting policies and the methods of computation adopted in the preparation of this condensed interim financial information are
consistent with those applied in the preparation of the annual financial statements for the year ended June 30, 2024.

3.2 There are certain amendments to published International Financial Reporting Standards and interpretations that are mandatory for the
financial year beginning on or after July 1, 2024. These are considered not to be relevant or to have any significant effect on the Company's
financial reporting and operations and are, therefore, not disclosed in this condensed interim financial information.

3.3 Taxes on income in the interim periods are accrued using the tax rate that would be applicable to expected total annual profit or loss.
BUNNY'S LIMITED
CONDENSED INTERIM NOTES TO THE FINANCIAL INFORMATION (UNAUDITED)
FOR THE QUARTER ENDED DECEMBER 31, 2024
4 PROPERTY, PLANT AND EQUIPMENT Audited
December 31, 2024 June 30, 2024
Note
-------------- Rupees --------------
Operating fixed assets 4.1 2,406,924,645 2,481,063,323
Capital work in progress 4.2 255,621,880 255,621,880
2,662,546,526 2,736,685,204
4.1 Operating fixed assets (Amounts in Rupees)
Owned Assets Leased Assets
Building on freehold Plant and Electric installation Furniture and Plant and Total Assets
Land - freehold Office equipment Motor vehicles Total Owned Motor vehicles
land machinery and appliances fixtures machinery
Cost
Balance as at July 01, 2024 530,000,000 655,261,985 1,841,969,682 28,505,124 26,141,006 12,242,900 213,281,037 3,307,401,734 204,609,078 71,152,300 3,583,163,112
Additions during the period - 6,299,757 1,318,000 851,500 - 8,469,257 - - 8,469,257
Transfer during the period - - - - - - 41,050,000 41,050,000 - (41,050,000)
Disposal during the period - - - - - - (49,433,000) (49,433,000) - - (49,433,000)
Balance as at December 31, 2024 530,000,000 655,261,985 1,848,269,439 29,823,124 26,992,506 12,242,900 204,898,037 3,307,487,991 204,609,078 30,102,300 3,542,199,369
Balance as at July 01, 2023 530,000,000 652,100,403 1,724,894,707 27,388,624 23,664,699 12,242,900 185,247,891 3,155,539,224 254,609,078 84,026,800 3,494,175,102
Additions during the year - 3,161,582 67,074,975 1,116,500 2,476,307 - 41,168,880 114,998,244 - - 114,998,244
Disposals during the year - - - - - - (26,010,234) (26,010,234) - - (26,010,234)
Transfer during the year 50,000,000 12,874,500 62,874,500 (50,000,000) (12,874,500) -
Balance as at June 30, 2024 530,000,000 655,261,985 1,841,969,682 28,505,124 26,141,006 12,242,900 213,281,037 3,307,401,734 204,609,078 71,152,300 3,583,163,112
Depreciation
Balance as at July 01, 2024 - 283,453,233 598,097,740 12,792,249 20,646,891 7,371,920 117,396,607 1,039,758,640 26,802,746 35,538,403 1,102,099,789
Charge for the period - 9,295,219 31,156,959 804,988 898,830 243,549 9,354,709 51,754,254 4,445,158 3,561,390 59,760,802
Transfer during the period - - - - - - 24,471,227 24,471,227 - (24,471,227) -
Disposals during the period - - - - - - (26,585,867) (26,585,867) - - (26,585,867)
Balance as at December 31, 2024 - 292,748,452 629,254,699 13,597,237 21,545,721 7,615,469 124,636,676 1,089,398,253 31,247,904 14,628,566 1,135,274,723
Balance as at July 01, 2023 - 263,909,895 522,348,483 11,153,004 18,997,140 6,830,700 108,700,703 931,939,924 29,542,721 33,711,879 995,194,524
Charge for the year - 19,543,338 63,482,843 1,639,245 1,649,751 541,220 19,633,686 106,490,083 9,526,439 9,789,294 125,805,816
Disposals during the year - - - - - - (18,900,551) (18,900,551) - - (18,900,551)
Transfer during the year 12,266,414 7,962,770 20,229,184 (12,266,414) (7,962,770) -
Balance as at June 30, 2024 - 283,453,233 598,097,740 12,792,249 20,646,891 7,371,920 117,396,607 1,039,758,640 26,802,746 35,538,403 1,102,099,789
Rate of depreciation 5% 5% 10% 30% 10% 20% 5% 20%
Net book value as at December 31, 2024 530,000,000 362,513,533 1,219,014,740 16,225,887 5,446,785 4,627,431 80,261,361 2,218,089,738 173,361,174 15,473,734 2,406,924,645

Net book value as at June 30, 2024 (Audited) 530,000,000 371,808,752 1,243,871,942 15,712,875 5,494,115 4,870,980 95,884,430 2,267,643,094 177,806,332 35,613,897 2,481,063,323
4.2 Depreciation charged for the period has been allocated as under: December 31, 2024 June 30, 2024
Cost of sales 45,702,324 94,191,865
Administrative and general expenses 14,058,478 31,613,951
Selling and distribution - -
59,760,802 125,805,816
4.3 Capital work in progress
Opening balance 255,621,880 182,815,812
Additions during the year 72,806,068
Closing balance 255,621,880 255,621,880
4.4 Particulars of immovable property (i.e. land and building) in the name of Company are as follows:
Location / Address Usage of immovable property Total Area (In Kanal) Appro. Covered Area
(In sq. ft.)
85,86,87,88 &105 Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore Production unit 21.4 50,510
4.5 The detail of operating assets disposed off during the year are as follows:
December -2024
Accumulated Written Down Gain / (Loss) on
Particulars Cost Sale Proceed Buyer Name Mode of Disposal Relation
Depreciation Value Disposal

Motor vehicles 5,033,000 2,803,591 2,229,409 4,801,000 2,571,591 Naveed Akram Negotiation Walk in Customer
Motor vehicles 40,000,000 20,765,990 19,234,010 35,302,000 16,067,990 Aly Kenan Asif Negotiation Supplier
Motor vehicles 4,400,000 3,016,287 1,383,713 1,383,713 - M Shafiq Company Policy Employee
BUNNY'S LIMITED
CONDENSED INTERIM NOTES TO THE FINANCIAL INFORMATION (UNAUDITED)
FOR THE QUARTER ENDED DECEMBER 31, 2024
Audited
December 31, 2024 June 30, 2024
Note
-------------- Rupees --------------
5 INTANGIBLE ASSETS Restated
Goodwill on acquisition - -
ERP Software 30,262 33,624
30,262 33,624

6 STOCK-IN-TRADE
Raw materials 225,737,941 261,582,441
Packing materials 134,750,550 139,893,250
Work-in-process 6,432,628 8,257,423
Finished goods 31,627,842 35,596,211
398,548,961 445,329,325

7 CASH AND BANK BALANCES

Cash in hand 1,630,512 429,680
Cash at bank 1,298,081 1,903,486
Book overdraft (788,397) (1,437,506)
2,140,196 895,660

8 ISSUED, SUBSCRIBED AND PAID UP SHARE CAPITAL

Audited Audited
December 31, 2024 June 30, 2024 December 31, 2024 June 30, 2024
Number of shares -------------- Rupees --------------

2,159,586 2,159,586 Ordinary shares of Rs.10/- each fully paid 21,595,860 21,595,860
in cash.
49,229,083 49,229,083 Ordinary shares of Rs. 10/- each issued to 492,290,830 492,290,830
the shareholders of economic acquirer as
per the approved scheme of arrangement
15,416,601 15,416,601 Fully Paid Bonus shares 154,166,010 154,166,010
66,805,270 66,805,270 668,052,700 668,052,700

9 LONG TERM FINANCES - SECURED

Samba Bank Limited 59,997,359 77,885,980
PAIR Investment Company Limited - Term Finance - I 19,444,457 19,444,457
Accrued markup (2,476,248) -
16,968,209 19,444,457
PAIR Investment Company Limited - Term Finance - II 117,000,000 126,000,000
Accrued markup 52,595,641 -
169,595,641 126,000,000
Pak Libya Holding Company (Private) Limited - SBP TERF 127,096,800 142,606,981
First Habib Modaraba- Diminishing Musharika 11,169,900 27,649,591
384,827,909 393,587,009
Less: current portion shown under current liabilities (113,010,262) (117,790,937)
Less: Deferred grant (27,964,231) (35,060,406)
243,853,416 240,735,666
10 LEASE LIABILITIES `
Analyzed as:
Non current 4,835,487 11,064,270
Current 19,087,969 37,790,235
23,923,456 48,854,505
BUNNY'S LIMITED
CONDENSED INTERIM NOTES TO THE FINANCIAL INFORMATION (UNAUDITED)
FOR THE QUARTER ENDED DECEMBER 31, 2024
10.1 The Company entered into lease agreements with financial institutions to acquire vehicles. The liabilities under the lease agreements
are payable in equal monthly installments and are subject to finance charges at the rates ranging from 6 months KIBOR + 2.5% to
3.95% (June 30, 2024 : 6 months KIBOR + 2.5% to 3.95% ). The lease liabilities are secured against security deposits, post dated
cheques, personal guarantee of all the directors of the Company and also secured against financed vehicles.

11 DEFERRED LIABILITIES
Deferred taxation 11.1 161,770,438 203,353,092
Staff retirement benefits - gratuity 11.2 100,892,874 93,059,261
262,663,312 296,412,353

11.1 Deferred taxation

Opening deferred tax liability 203,353,092 196,606,273
Deferred tax charged/(reversed) to profit or loss (41,582,654) 6,746,819
Closing deferred tax liability 161,770,438 203,353,092

11.2 STAFF RETIREMENT BENEFITS - GRATUITY

Opening Balance 93,059,261 71,905,445
Current service cost 20,000,000 52,301,566
Benefits paid (12,166,387) (31,147,750)
Closing Balance 100,892,874 93,059,261

12 TRADE AND OTHER PAYABLES

Trade Creditors - unsecured 354,492,621 390,939,405
Accrued expenses 198,507,512 162,275,531
Bills payable - Secured -
Workers' welfare fund -
Workers' (profit) participation fund 12.1 5,088,777
558,088,911 553,214,936
12.1 Workers' (profit) participation fund
Opening balance - 9,974,508
Allocation for the period 5,088,777 -
5,088,777 9,974,508
Less: Payment made during the period (9,974,508)
5,088,777 -
13 SHORT TERM BORROWINGS
Running finance 669,194,595 671,648,297
Finance Against Trust Receipt (FATR) 49,830,000 49,830,000
719,024,595 721,478,297

14 CONTINGENCIES AND COMMITMENTS

14.1 Letter of guarantee amounting to Rs 2.552 million (2023: Rs.2.552 million) has been issued in favor of Sui Northern Gas Pipeline
Limited. There are no other known contingencies as at balance sheet date.
14.2 There are no major commitments outstanding as at balance sheet date.
15 EARNING PER SHARE - BASIC & DILUTED

Net (loss) / profit after taxation Rupees 113,179,552 146,698,936

Weighted average number of shares outstanding during the

Numbers 66,805,270 66,805,270
period

(Loss) / Earning per share Rupees 1.69 2.20

BUNNY'S LIMITED
CONDENSED INTERIM NOTES TO THE FINANCIAL INFORMATION (UNAUDITED)
FOR THE QUARTER ENDED DECEMBER 31, 2024
16 CASH GENERATED FROM OPERATIONS
(Loss) / Profit before taxation 117,687,417 45,479,370
Adjustments for:
Depreciation 59,760,802 62,656,242
Financial charges 115,532,684 146,097,238
Provision for workers' (profit) participation fund 5,088,777 2,076,387
Provision for workers' welfare fund - -
Provision for gratuity 20,000,000 10,000,000
Effect of deferred grant (2,361,076) (6,224,600)
Gain on sale of fixed asset (18,639,580) 196,575
Amortization of intangible assets 3,362 4,203
179,384,968 214,806,045
Operating profit before working capital changes 297,072,385 260,285,414
Effect on cash flows due to working capital changes
(Increase)/ decrease in current assets:
Stores, spares and loose tools 630,533 2,860,508
Stock-in-trade 46,780,364 73,462,221
Trade debts - unsecured (34,445,444) (19,800,764)
Advances, deposits and prepayments (130,585,271) (42,354,364)
(Decrease)/ increase in trade and other payables (214,803) (38,300,513)
Contract liabilities 3,695,201 922,081
(114,139,420) (23,210,831)
Cash generated from operations 182,932,966 237,074,584

17 CASH AND CASH EQUIVALENTS

Cash and bank balances 2,140,196 1,642,438
Running Finance (719,024,595) (698,211,761)
(716,884,399) (696,569,323)
18 FINANCIAL RISK MANAGEMENT

18.1 Financial risk factors

The Company's activities expose it to a variety of financial risk including capital risk, credit risk, liquidity risk and market risk.

There have been no changes in the risk management policies during the period, consequently this condensed interim financial
information does not include all the financial risk management information and disclosures required in the annual financial
statements.

18.2 Fair value of financial assets and liabilities

The carrying value of all financial assets and liabilities reflected in this condensed interim financial information approximate their fair
values.

19 TRANSACTION WITH ASSOCIATED UNDERTAKINGS

The related parties comprise associated undertakings, other related companies and key management personnel. The Company in the
normal course of business carried out transactions with related parties. There are no other significant related party transactions.

20 DATE OF AUTHORIZATION FOR ISSUE

This condensed financial information was authorized for issue by the board of directors of the Company on February 28, 2025

21 GENERAL
- The figures have been rounded off to the nearest rupee.
- Corresponding figures have been re-classified / re-arranged for the purpose of comparison and better presentation.

Chief Executive Director Chief Financial Officer