Khyber Tobacco : Transmission of Annual Report for the Year Ended

ABOUT THIS REPORT

The

Khyber Tobacco

Company

and internal control frameworks.

Chairman's

Review,

Directors'

(KHTCL) Annual Report 2022 (the

Our

value

creating

business

Report,

Audit

Committee's

Report) integrates

the

following

model supported by the outputs,

Report, Report on Compliance of

sections:

outcomes and impacts of various

Code of Corporate Governance

•

Company Overview

forms

of

capitals

associated

(CCG),

and

other

information

with

business

activities,

and

contained in this Report have been

•

Chairman Reviews

how we look forward towards

structured in compliance with the

•

Directors' Report

business opportunities, has also

requirements of Companies Act

•

Chairman Audit Committee

been explained. The Board has

2017,

CCG,

Listing

Regulations

Report

endorsed

and

authorized

the

of the Pakistan Stock Exchange

•

Statement of Compliance

release of their report on October

(PSX)

and

other

local

and

08, 2022.

international

good

governance

with CCG

practices as promoted by ICAP /

•

Standalone Financial

SCOPE AND BOUNDARY

ICMAP, and PSX etc.

Statements

•

Consolidated Financial

Our Report covers the period

FORWARD LOOKING

Statements

from July 1, 2021 to June 30, 2022

•

Shareholders' Information

and subsequent events up to the

STATEMENT

The Report is structured to assist

issuance of this report have also

This

Report

includes

'Forward

been explained in various sections

Looking

Statement'

which

our

readers

in

assessing

our

of

the Report. Operational

and

addresses

our

expected

business by providing information

financial analyses and reviews are

future

business

and

financial

about state of affairs, performance

carried out by extracting financial

performance / condition, sources

and the outlook of KHTCL. It fairly

information

from the Audited

of

information and

assumption

addresses

the material matters

Financial Statements for the year

used

for

projections /

forecasts

pertaining

to

the long

term

ended June 30, 2022 with relevant

and our future course of action to

sustainability

of

the

Company

comparative information.

The

manage the risks and capitalize

and

its integrated

performance.

Financial Statements consistently

on

opportunities

(known

and

This

Report

comprises

of

comply with the requirements of:

unknown).

Such

statements

strategic and

operational review

•

International Financial

are

valid only for

the date of

by the Board of Directors which

publication.

encompasses

financial reviews

Reporting Standards (IFRS)

and

analyses,

overview

of

•

Companies

Act,

2017

and

governance,

risk

management

other applicable regulations

EXTERNAL ASSURANCES / REVIEWS

Description of the Report

External Reviews / Assurances

Review Report on the Statement of Compliance with the Code of Corporate Governance

Yousuf Adil Chartered Accountants

Independent Auditor's Report on the Audit of Financial Statements

Yousuf Adil Chartered Accountants

Entity Credit Rating

VIS Credit Rating Company Limited

Khyber Tobacco Company Limited	1

CONTENTS

COMPANY'S OBJECTIVES	04
Financial Highlights	6
Vision - Mission
Core Values	8
Corporate Information
Statement of Ethics & Business Practices
Policies
Other Corporate Governance
SWOT Analysis
DIRECTORS' REPORT
Chairman's Review	18
Directors' Report	20
Directors' Report (Urdu)	49
Achievements & Certification
Statement of Compliance	74
Calendar of Major Event	75
Assurance Report On Statement
of Free Float Shares
Notice of Annual General Meeting (AGM)	69
FINANCIAL PERFORMANCE OF
SIX YEARS & VALUE ADDITION
Graphical Analysis
Vertical Analysis	82
Horizontal Analysis	80
Financial Performance
Other Statements
Quarterly Analysis
Statement of Value Addition	84
FINANCIAL STATEMENTS
Independent Auditor's Review Report	86
Independent Auditor's Report	87
Statement of Financial Position	92
Statement of Profit or Loss	94
Statement of Comprehensive Income	95
Statement of Cash Flows	96
Statement of Change in Equity	98
Notes to the Financial Statements	99
PATTERN OF
SHAREHOLDING	231

CDC Nominee Holdings

86

Form of Proxy

Proxy Form (Urdu)