Nazir Cotton Mills : Financial Result for The Year Ended June 30, 2023

NAZIR COTTON MILLS LIMITED

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2023

	Note
Sales - net	20
Cost of sales	21
Gross loss
Other operating income	22
Administrative and general expenses	23
Finance cost	24

Loss before taxation

Taxation

25

Loss after taxation

Other comprehensive income for the year

Items that will not be reclassified to profit or loss

(Deficit) / surplus arising on measurement of available for sale -investments to fair value

Revaluation surplus pertaining to property, plant and equipment Related deferred tax

30 June 2023

Rupees

4,161,170

9,847,384

(5,686,214)

1,460,387

20,202,776

406

20,203,182

(24,429,009)

710,675

(23,718,334)

-

-

-

-

-

-

30 June 2022

Rupees

3,795,401

11,221,300

(7,425,899)

853,038

21,685,800

806

21,686,606

(28,259,467)

26,270,605

(1,988,862)

-

-

-

66,951,587

(12,260,613)

54,690,974

Total comprehensive (loss) / income for the year		(23,718,334)	52,702,112
Loss per share (basic and anti-dilutive)	26	(1.03)	(0.09)

The annexed notes from 1 to 36 form an integral part of these financial statements.

Chief Executive Officer

Director

Chief Financial Officer

Lahore.