CELEBRATING

75 YEARS OF PAKISTAN

ANNUAL REPORT

2022

TABLE OF CONTENTS

CORPORATE INFORMATION

03

MESSAGE FROM THE CEO

05

OUR VISION, MISSION & VALUES

09

OUR HISTORY

10

PATIENTS TREATED DURING THE YEAR

11

REPRESENTING PAKISTAN INTERNATIONALLY

14

OUR DISEASE AWARENESS INITIATIVES

18

THE IMPACT OF REMDESIVIR

21

NEW BRANDS IN OUR PORTFOLIO

22

OUR COMMUNITY CARE INITIATIVES

24

SUSTAINABLE DEVELOPMENT GOALS

28

DIVERSITY AND INCLUSION REPORTING

30

KEY OPERATING AND FINANCIAL DATA

32

HORIZONTAL ANALYSIS

36

VERTICAL ANALYSIS

37

DUPONT ANALYSIS

38

CHAIRPERSON'S REVIEW

39

DIRECTORS' REPORT

40

DATES AND ATTENDANCE OF BOARD MEETINGS

45

AUDITOR'S REVIEW REPORT TO THE MEMBERS ON STATEMENT

46

OF COMPLIANCE WITH LISTED COMPANIES (CCG) REGULATIONS, 2019

STATEMENT OF COMPLIANCE WITH LISTED

47

COMPANIES (CCG) REGULATIONS, 2019

AUDITOR'S REPORT ON UNCONSOLIDATED

53

FINANCIAL STATEMENTS

UNCONSOLIDATED FINANCIAL STATEMENTS

58

AUDITOR'S REPORT ON CONSOLIDATED

115

FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS

120

PATTERN OF SHAREHOLDING

178

NOTICE OF ANNUAL GENERAL MEETING

180

DIRECTORS' REPORT (URDU)

194

FORM OF PROXY

195

Annual Report 2022 | 01

CORPORATE INFORMATION

BOARD OF DIRECTORS

Mrs. Akhter Khalid Waheed

Non-Executive Director

Chairperson

Mr. Osman Khalid Waheed

Executive Director

Chief Executive Officer

Mrs. Amna Piracha Khan

Non-Executive Director

Mrs. Munize Azhar Peracha

Non-Executive Director

Mr. Shahid Anwar

Non-Executive Director

Mr. Arshad Saeed Husain

Independent Director

Mr. Suleman Ghani

Independent Director

AUDIT COMMITTEE

Mr. Arshad Saeed Husain

Chairman

Mrs. Amna Piracha Khan

Member

Mr. Shahid Anwar

Member

Mr. Suleman Ghani

Member

INVESTMENT COMMITTEE

Mr. Suleman Ghani

Chairman

Mr. Osman Khalid Waheed

Member

Mr. Shahid Anwar

Member

HR & REMUNERATION

COMMITTEE

Mr. Arshad Saeed Husain

Chairman

Mr. Osman Khalid Waheed

Member

Mrs. Munize Azhar Peracha

Member

Mr. Shahid Anwar

Member

COMPANY SECRETARY

LEGAL ADVISORS

REGISTERED OFFICE

Syed Ghausuddin Saif

Khan & Piracha

197-A, The Mall,

Rawalpindi, Pakistan

CHIEF FINANCIAL OFFICER

SHARE REGISTRAR

Telephone: +92-51-4252155-57

Fax: +92-51-4252153

Mr. Muhammad Farhan Rafiq

CorpTec Associates (Pvt.) Limited

Email: cs@ferozsons-labs.com

503-E, Johar Town, Lahore, Pakistan

HEAD OF INTERNAL AUDIT

Telephone: +92-42-35170336-37

SALES OFFICE, KARACHI

Fax: +92-42-35170338

House No. 9, Block 7/8,

Mr. Rizwan Hameed Butt

FACTORY

Maqbool Cooperative Housing

Society, Shahrah-e-Faisal,

EXTERNAL AUDITORS

P.O. Ferozsons, Amangarh

Karachi, Pakistan

Nowshera (KPK), Pakistan

Telephone: +92-21-34386852

KPMG Taseer Hadi & Co.

Telephone: +92-923-614295, 610159

Fax: +92-21-34386754

Chartered Accountants

Fax: +92-923-611302

INTERNAL AUDITORS

HEAD OFFICE

EY Ford Rhodes

5 K.M - Sunder Raiwind Road

Chartered Accountants

Lahore, Pakistan

Telephone: +92-42-36026700

BANKERS

Fax: +92-42-36026701

Habib Bank Limited

SALES OFFICE, LAHORE

Bank Al-Habib Limited

43-Al Noor Building, Bank Square

Bank Alfalah Limited

Habib Metropolitan Bank Limited

The Mall, Lahore, Pakistan

Meezan Bank Limited

Telephone: +92-42-37358194

MCB Bank Limited

Fax: +92-42-37313680

Allied Bank Limited

Annual Report 2022 | 03

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Ferozsons Laboratories Ltd. published this content on 09 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2022 09:19:03 UTC.