490 341 mr maqbool ejaz employee company policy

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490 341 Mr. Maqbool Ejaz Employee Company Policy Toyota Corolla 1,119 291 425 134 Mr. Tariq Dher Employee Company Policy Toyota Corolla 1,119 291 425 134 Mr. Imran Akram Employee Company Policy Toyota Corolla 1,119 284 425 141 Mrs. Aisha Asif Employee Company Policy Sachet Packing Machine 211 107 100 (7) M/s. Toshiba Engineering Negotiation Visi Coolers 2,765 399 (399) Written Off N/A 11,280 2,326 3,103 777 Notes to the Financial Statements for the year ended 30 June 2013
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42 Rupees in thousand Note 2013 2012 30 FINANCE COST Interest, mark-up and charges on - Secured short term borrowings 41,721 46,173 Workers’ Profit Participation Fund 21.3 314 339 Finance lease charges 619 4,244 42,654 50,756 Bank charges 3,102 2,362 45,756 53,118 31 TAXATION Current for the year 151,290 111,865 Deferred for the year (7,909) (1,165) prior year 1,619 145,000 110,700 31.1 Relationship between income tax expense and accounting profit Profit before taxation 394,321 318,070 Current Taxation: Tax at the applicable rate of 35% (2012: 35%) 138,012 111,325 Tax effect of expenses that are not deductible in determining taxable income charged to profit and loss account 96,179 54,103 Tax effect of expenses that are deductible in determining taxable income not charged to profit and loss account (46,380) (36,070) Tax effect of applicability of lower tax rate on export sales and dividend income (42,811) (18,658) 145,000 110,700 Tax charge for the current year 145,000 110,700 32 EARNINGS PER SHARE - BASIC AND DILUTED Profit after taxation attributable to ordinary shareholders 249,321 207,370 Restated Weighted average number of ordinary shares at the end of the year (in thousand) 6,600 6,600 Earnings per share - Basic (Rupees) 37.78 31.42 32.1 No fully diluted earnings per share has been disclosed as the Company has not issued an instrument which would have an impact on earnings per share, when exercised. Notes to the Financial Statements for the year ended 30 June 2013
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43 33 CAPACITY AND PRODUCTION Normal Annual Capacity Actual Production 2013 2012 Juices: Bottling plant 5,925,000 Crates 5,824,677 5,024,778 Tetra Pak plant 22,487,500 Dozens 24,902,342 21,530,265 Squashes and syrups plant 590,000 Dozens 283,332 254,032 Jams and ketchup plant 723,333 Dozens 338,252 396,719 Pickles plant 306,250 Dozens 242,446 291,801 Canning plant 210,000 Dozens 113,996 151,882 The normal annual capacity, as shown above, has been worked out on the basis of 350 working days (2012: 350 working days) except for bottling plant and squashes and syrups plant, which have been worked out on 150 days because of the seasonal nature of the business of the Company. The variance between normal capacity and actual production is because of change in demand and supply condition. 34 REMUNERATION OF CHIEF EXECUTIVE, PAID DIRECTORS AND EXECUTIVES Chief Executive Directors Executives 2013 2012 2013 2012 2013 2012 Total number 1 1 1 1 10 9 Rupees in thousand Basic salary 2,640 2,400 2,628 2,388 9,070 9,736 Provident fund contribution 220 200 219 199 757 812 Allowances and benefits: Conveyance 7 House rent 624 495 624 495 3,000 2,377 Dearness 318 318 318 318 2,880 2,622 Special 120 120 360 360 828 900 Utilities 240 240 240 240 1,080 1,122 Medical 67 64 - 417 452 Bonus 440 400 438 398 1,456 1,590 Leave encashment 223 Ex-gratia 220 200 219 199 868 795 4,889 4,437 5,046 4,597 20,363 20,629 34.1 Fees paid to seven non-executive directors during the year for attending Board meetings Rs. (thousand) 320 (2012: Rs.
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