Nishat Mills : TRANSMISSION OF HAF YAERLY REPORT FOR THE HALF YEAR ENDED DECEMBER 31, 2021

Nishat Mills Limited

			Ended
		Year	2021
		Half	31,
	the
for	December
Report
Financial
Interim

Growing Inclusively

CONTENTS
Nishat Mills Limited
Company Information ...........................................................................................	02
Directors' Report ...................................................................................................	04
Independent Auditors' Review Report to the Members on Unconsolidated
Condensed Interim Financial Statements .............................................................	09
Unconsolidated Condensed Interim Statement
of Financial Position ..........................................................................................	12
Unconsolidated Condensed Interim Statement of Profit or Loss .........................	14
Unconsolidated Condensed Interim Statement of
Comprehensive Income .....................................................................................	15
Unconsolidated Condensed Interim Statement of
Changes in Equity .............................................................................................	16
Unconsolidated Condensed Interim Statement of Cash Flows ............................	17
Selected Notes to the Unconsolidated Condensed Interim
Financial Statements .........................................................................................	18
Nishat Mills Limited and its Subsidiary Companies
Consolidated Condensed Interim Statement of Financial Position .....................	36
Consolidated Condensed Interim Statement of Profit or Loss ............................	38
Consolidated Condensed Interim Statement of Comprehensive
Income...............................................................................................................	39
Consolidated Condensed Interim Statement of Changes in Equity .....................	40
Consolidated Condensed Interim Statement of Cash Flows ...............................	41
Selected Notes to the Consolidated Condensed Interim
Financial Statements ........................................................................................	42
Directors' Report in Urdu .....................................................................................	68

2	Nishat Mills Limited

COMPANY INFORMATION

Board of Directors	Chief Financial Officer	JS Bank Limited
Mian Umer Mansha	Mr. Mohammad Azam	Meezan Bank Limited
Chief Executive Officer	Company Secretary	MCB Bank Limited
Mian Hassan Mansha	MCB Islamic Bank Limited
Mr. Khalid Mahmood Chohan	National Bank of Pakistan
Chairman	Auditors	Pak Brunei Investment
Mrs. Mehak Adil	Company Limited
Riaz Ahmad & Company	Pakistan Kuwait Investment
Mrs. Sara Aqeel	Chartered Accountants	Company (Private) Limited
Syed Zahid Hussain	Legal Advisor	Samba Bank Limited
Mr. Farid Noor Ali Fazal	Silk Bank Limited
Mr. Mahmood Akhtar	Mr. M. Aurangzeb Khan,	Soneri Bank Limited
Audit Committee	Advocate, Chamber No. 6, District	Summit Bank Limited
Court, Faisalabad.	Standard Chartered Bank
Mrs. Mehak Adil	Bankers to the Company	(Pakistan) Limited
Chairperson / Member	The Bank of Punjab
Syed Zahid Hussain	Albaraka Bank (Pakistan) Limited	The Bank of Punjab - Taqwa
Allied Bank Limited	Islamic Banking
Member	Askari Bank Limited	The Bank of Khyber
Mr. Mahmood Akhtar	Bank Alfalah Limited	United Bank Limited
Bank Al Habib Limited
Member	Bank Islami Pakistan Limited
Human Resource &	Citibank N.A.
Dubai Islamic Bank Pakistan Limited
Remuneration (HR & R)	Faysal Bank Limited
Committee	Faysal Bank Limited - Islamic
Mrs. Sara Aqeel	Banking
Chairperson / Member	Habib Bank Limited
Mian Umer Mansha	Habib Metropolitan Bank Limited
Industrial and Commercial Bank
Member	of China Limited
Mr. Mahmood Akhtar
Member

	Interim Financial Information	3
	for the half year ended December 31, 2021

Mills		Branch Office, Lahore
Spinning units, Yarn Dyeing	Terry Unit	Siddique Trade Centre,
Office No. PL-29, PL Floor,
& Power plant	7 K.M. Nishat Avenue Off 22 K.M.	72 Main Boulevard Gulberg II,
Nishatabad, Faisalabad.	Ferozepur Road, Lahore.	Lahore.
Spinning units & Power plant	Apparel Unit	Tel: [phone]
Head Office
20 K.M. Sheikhupura Faisalabad	2 K.M. Nishat Avenue Off 22 K.M.
Road, Feroze Watwan.	Ferozepur Road, Lahore.	7, Main Gulberg, Lahore.
Spinning units & Power plant	Registered office	Tel: [phone],
042-111 332 200
Plot No. 172-180 & 188-197,	Nishat House,	Fax: [phone]
M-3 Industrial City, Sahianwala,	53 - A, Lawrence Road, Lahore.	E-mail: [e-mail]
FIEDMC, 2 K.M. Jhumra Chiniot	Tel: [phone]	Website: www.nishatmillsltd.com
Road, Chak Jhumra, Faisalabad.	Fax: [phone]	Liaison Office
Weaving units & Power plant	Shares Registrar
1st Floor, Karachi Chambers,
12 K.M. Faisalabad Road,	THK Associates (Private) Limited	Hasrat Mohani Road, Karachi.
Sheikhupura.		Tel: [phone]
Weaving units, Dyeing &	Head Office, Karachi	Fax: [phone]
Plot No. 32-C Jami Commercial
Finishing unit, Processing unit,	Street No. 2, DHA Phase VII,
Stitching units and Power	Karachi 75500.
plants	Tel: [phone]
5 K.M. Nishat Avenue Off 22	Fax: [phone]
K.M. Ferozepur Road, Lahore.