Notes to the financial statements for the year ended

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Notes to the Financial Statements for the year ended 30 June 2013
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32 Rupees in thousand Note 2013 2012 9 LONG TERM DEPOSITS AND PREPAYMENTS Deposits Utility companies 1,568 1,568 Others 1,640 1,626 Prepayments Rent 2,145 2,145 Less: current maturity (2,145) 3,208 5,339 10 STORES AND SPARES Stores 781 Spares 28,051 14,627 28,051 15,408 11 STOCK IN TRADE Raw materials 124,680 115,919 Packing materials 338,961 313,648 Bottles 11.1 117,648 Finished goods 146,879 158,499 Pulps, concentrates etc. 11.2 364,118 458,741 Shells, pallets and barrels 11.1 86,967 Less: deterioration in value 17,311 69,656 Goods in transit 23,976 11,588 998,614 1,245,699 11.1 Bottles, shells, pallets and barrels have been transferred to the property, plant and equipment due to change in accounting policy as explained in note 5.2. Comparative figures includes bottles and shells amounting to Rs. (thousand) 121,732 held by distributors of the Company in the normal course of business. 11.2 These include pulps amounting to Rs. (thousand) 83,578 (2012: Rs. (thousand) 79,800) held with third parties in the normal course of business. Rupees in thousand Note 2013 2012 12 TRADE DEBTS Unsecured-considered good Due from related parties 12.1 34 6 Others 248,961 243,293 248,995 243,299 Considered doubtful - others 1,350 1,350 Less: Provision for doubtful debts 1,350 1,350 248,995 243,299 12.1 No amount is receivable from the Chief Executive, Directors and Executives of the Company (2012: Rs. (thousand) Nil). Notes to the Financial Statements for the year ended 30 June 2013
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33 Rupees in thousand Note 2013 2012 13 LOANS AND ADVANCES Advances to distributors - secured, considered good 13.1 3,386 4,159 Advances - unsecured, considered good – Staff 13.2 3,093 3,419 – Suppliers 7,569 17,763 – Related parties 145 Advances - unsecured, considered doubtful – Suppliers 13.3 4,595 4,595 – Less: provision for doubtful advances 4,595 4,595 14,048 25,486 13.1 This represents the advances given to the distributors for the purchase of vehicles for the distribution of products of the Company. These are secured against vehicles, registered in the name of the Company. 13.2 No advances were given to the Chief Executive, Directors and Executives of the Company (2012: Rs. (thousand) Nil). 13.3 This includes advance given to supplier for the purchase of vehicles Rs. (thousand) 4,495 (2012: Rs. (thousand) 4,495). Rupees in thousand 2013 2012 14 TRADE DEPOSITS AND SHORT TERM PREPAYMENTS Short term deposits 7,058 22,000 Prepayments 14,560 14,150 Current maturity of long term prepayments 2,145 Advance excise duty 372 Wealth tax recoverable 140 Sales tax refundable 1,294 23,763 37,956 Rupees in thousand 2013 2012 15 ACCRUED FINANCIAL INCOME Profit receivable on: – Bank deposits 408 437 16 INVESTMENT AVAILABLE FOR SALE Unquoted National Investment Trust Limited 232,504 (2012: Nil) Units of Rs. 10/- each 10,000 Loss on remeasurement (140) 9,860 Notes to the Financial Statements for the year ended 30 June 2013
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34 Rupees in thousand Note 2013 2012 17 CASH AND BANK BALANCES Cash in hand 23,599 11,024 Cheques in hand 33,226 28,632 Cash at banks – Current accounts 17.1 54,655 27,042 – PLS sharing accounts 17.2 38,121 42,471 149,601 109,169 17.1 This includes two bank accounts restricted for dividend payments only aggregating to Rs. (thousand) 213 (2012: Rs.
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