report

3rd quarterly

march 31

2022

At Maple Leaf we connect black as a colour of creativity, it's poetic. As a leader we must be creative and encourage the creativity and innovation of our team members too. Nothing is purer than something completely black-a blanket of spirituality comes to mind. Maple Leaf Cement sees the world in situational shades of black rather than as a completely black and white world.

When things are in black, there is a finality and a commitment to us. As a leader our intentions must be pure, our ethics must be in check, and we must be as transparent to others in our thoughts and actions as possible. As leaders we are committed, hold firm to commitments and lead from that foundation. That commitment level makes things clearer for us from darkness.

Therefore easier for us to lead and more consistent for others resulting black consciousness which is an attitude of the mind and a way of life, the most positive call to emanate from the new corporate world because stars can't shine without darkness.

CONTENTS

CONDENSED INTERIM UNCONSOLIDATED FINANCIAL STATEMENTS

Company Information .......................................................................................... 2

Directors' Review ................................................................................................. 4

Condensed Interim Unconsolidated Statement of Financial Position .................... 8

Condensed Interim Unconsolidated Statement of Profit or Loss ....................... 10

Condensed Interim Unconsolidated Statement of Comprehensive Income ........ 11

Condensed Interim Unconsolidated Statement of Cash Flows ........................... 12

Condensed Interim Unconsolidated Statement of Changes in Equity ................. 13

Selected Explanatory Notes to the Condensed Interim Unconsolidated

Financial Statements ...................................................................................... 14

CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

Directors' Review ............................................................................................... 29

Condensed Interim Consolidated Statement of Financial Position ...................... 30

Condensed Interim Consolidated Statement of Profit or Loss ............................ 32

Condensed Interim Consolidated Statement of Comprehensive Income ............ 33

Condensed Interim Consolidated Statement of Cash Flows ............................... 34

Condensed Interim Consolidated Statement of Changes in Equity ..................... 35

Selected Explanatory Notes to the Condensed Interim

Consolidated Financial Statements ................................................................. 36

COMPANY INFORMATION

Board of Directors

Mr. Tariq Sayeed Saigol

Chairman

Mr. Sayeed Tariq Saigol

Chief Executive

Mr. Taufique Sayeed Saigol

Mr. Waleed Tariq Saigol

Mr. Danial Taufique Saigol

Ms. Jahanara Saigol

Mr. Shafiq Ahmed Khan

Mr. Zulfikar Monnoo

Syed Mohsin Raza Naqvi

Executive Directors

Mr. Sohail Sadiq

Finance

Mr. Yahya Hamid

Marketing

Audit Committee

Mr. Shafiq Ahmed Khan

Chairman

Mr. Zulfikar Monnoo

Member

Mr. Waleed Tariq Saigol

Member

Mr. Danial Taufique Saigol

Member

Human Resource & Remuneration Committee

Mr. Shafiq Ahmed Khan Mr. Zulfikar Monnoo

Mr. Danial Taufique SaigolChief Financial Officer Syed Mohsin Raza Naqvi

Company Secretary

Mr. Muhammad Ashraf

Chief Internal Auditor

Mr. Zeeshan Malik Bhutta

Bankers of the Company

Allied Bank Limited

Chairman Member Member

Askari Bank Limited Bank Alfalah Limited Bank Al-Habib Limited BankIslami Pakistan Limited Albaraka Bank (Pakistan) Limited Dubai Islamic Bank Limited Faysal Bank Limited

FINCA Microfinance Bank Limited Habib Bank Limited

Habib Metropolitan Bank Limited MCB Bank Limited

MCB Islamic Bank Limited Meezan Bank Limited National Bank of Pakistan

2Maple Leaf Cement Factory Limited

PAIR Investment Company Limited Samba Bank Limited

Silk Bank Limited Soneri Bank Limited

Standard Chartered Bank (Pakistan) Limited Summit Bank Limited

The Bank of Punjab

U Microfinance Bank Limited United Bank Limited

Auditors

KPMG Taseer Hadi & Co. Chartered Accountants

351 Shadman-1, Jail Road, Lahore, Pakistan. Tel: +92 42 111-KPMGTH (576484)

Fax: +92 42 37429907

Legal Adviser

Mr. Abdul Rehman Qureshi Advocate High Court

Registered Office

42-Lawrence Road, Lahore. Phone: +92 42 36278904-5 Fax: +92 42 36368721

E-mail:mohsin.naqvi@kmlg.com

Factory

Iskanderabad, District: Mianwali Phone: +92 459 392237-8

Call Centre (24 / 7)

0800-41111

Share Registrar

Vision Consulting Ltd

Head Office: 3-C, LDA Flats, First Floor, Lawrence Road, Lahore

Phone: +92 42 36283096-97

Fax: +92 42 36312550

E-mail:shares@vcl.com.pk

Company Websitewww.kmlg.com

Note

MLCFL's Financial Statements are also available at the above website.

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Maple Leaf Cement Factory Limited published this content on 26 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2022 05:09:08 UTC.