ANNEXURE A

Profit & Loss Statement Analysis

D. G. KHAN CEMENT COMPANY LIMITED

PROFIT & LOSS STATEMENT
FOR THE YEAR ENDED JUNE 30, (2008, 2009, 2010)

(Rupees in thousand)
2008 2009 2010
Sales 12,445,996 18,038,209 16,275,354
Cost of Goods Sold (10,530,723) (12,358,479) (13,569,994)
Gross Profit 1,915,273 5,679,730 2,705,360
Administrative expenses (111,658) (141,852) (172,436)
Selling and distribution expenses (561,465) (1,871,517) (994,418)
Other operating expenses (581,913) (795,854) (189,015)
Other operating income 847,344 770,137 911,672
Impairment on investment - (257,386) -
Operating Profit 1,507,581 3,383,258 2,261,163
Finance cost (1,749,837) (2,606,358) (1,902,760)
Share of loss of associated (8,674) - -
company
Profit/(loss) before tax (250,930) 776,900 358,403
Taxation 197,700 (251,319) (125,381)
Profit/(loss) for the year (53,230) 525,581 233,022
 LUCKY CEMENT LIMITED
PROFIT & LOSS STATEMENT
FOR THE YEAR ENDED JUNE 30, (2008, 2009, 2010)

(Rupees in thousand)
2008 2009 2010
Sales 16,957,879 26,330,404 24,508,793
Cost of Goods Sold (12,600,706) (16,519,138) (16,529,932)
Gross Profit 4,357,173 9,811,267 7,978,861
Distribution expenses (1,155,054) (2,427,8370 (3,433,047)
Administrative expenses (125,752) (165,936) (303,244)
Operating Profit 3,076,367 7,217,494 4,242,570
Finance cost (126,743) (1,236,971) (569,184)
Other Income/Charges (643,095) (803,521) (255,872)
Profit/(loss) before tax 2,306,529 5,177,002 3,417,514
Taxation 371,141 (580,453) (280,057)
Profit/(loss) for the year 2,677,670 4,596,549 3,137,457
 ATTOCK CEMENT PAKISTAN LIMITED
PROFIT & LOSS STATEMENT
FOR THE YEAR ENDED JUNE 30, (2008, 2009, 2010)

(Rupees in thousand)
2008 2009 2010
Sales 5,001,350 8,510,071 7,668,133
Cost of Goods Sold (3,887,147) (5,801,099) (5,710,166)
Gross Profit 1,114,203 2,708,972 1,957,967
Distribution expenses (124,744) (437,194) (466,659)
Administrative expenses (133,582) (182,420) (183,933)
Other operating expenses (54,841) (147,402) (102,969)
Other operating income 27,840 166,533 261,539
Operating Profit 828,876 2,108,489 1,465,945
Finance cost (153,909) (119,763) (77,628)
Profit/(loss) before tax 674,967 1,988,726 1,388,317
Taxation (239,942) (495,775) (371,632)
Profit/(loss) for the year 435,025 1,492,951 1,016,685

MAPLE LEAF CEMENT FACTORY LIMITED

PROFIT & LOSS STATEMENT
FOR THE YEAR ENDED JUNE 30, (2008, 2009, 2010)
 (Rupees in thousand)
2008 2009 2010
Sales 7,815,829 15,251,374 13,630,511
Cost of Goods Sold (6,491,999) (10,296,865) (10,691,883)
Gross Profit 1,323,830 4,954,509 2,938,628
Distribution expenses (834,849) (2,339,704) (3,152,889)
Administrative expenses (121,236) (151,713) (194,161)
Other operating expenses (24,838) (42,251) (158,641)
Other operating income 105,656 61,749 57,031
Operating Profit 448,563 2,482,590 (510,032)
Finance cost (1,812,807) (3,400,241) (2,059,476)
Profit/(loss) before tax (1,364,244) (917,651) (2,569,508)
Taxation 688,109 (65,319) (14,447)
Profit/(loss) for the year (676,135) (982,970) (2,583,955)

LAFARGE PAKISTAN CEMENT LIMITED

PROFIT & LOSS STATEMENT
FOR THE YEAR ENDED JUNE 30, (2008, 2009, 2010)

(Rupees in thousand)
2008 2009 2010
Sales 7,439,375 8,129,960 6,880,767
Cost of Goods Sold (6,460,141) (7,146,258) (6,024,857)
Gross Profit 979,234 983,702 855,910
Distribution expenses (483,032) (459,777) (491,859)
Administrative expenses (441,666) (547,245) (408,652)
Other operating expenses (35,035) (169,448) (6,110)
Other operating income 47,408 21,219 112,402
Operating Profit 66,909 (171,549) 61,691
Finance cost (1,481,674) (1,082,954) (980,678)
Profit/(loss) before tax (1,414,765) (1,254,503) (918,987)
Taxation 172,262 (24,462) (29,508)
Profit/(loss) for the year (1,242,503) (1,278,965) (948,495)
 ANNEXURE B

Balance Sheet Analysis

D. G. KHAN CEMENT COMPANY LIMITED

BALANCE SHEET
AS AT JUNE 30, (2008, 2009, 2010)
(Rupees in thousand)
EQUITY AND
LIABILITIES 2008 2009 2010 ASSETS 2008 2009 2010

CAPITAL AND RESERVES NON-CURRENT ASSETS

Paid-up Capital 2,535,412 3,042,494 3,650,993 Property, 22,977,894 24,345,793 25,307,302
Plant and
equipment
Reserves 27,595,698 17,401,220 22,160,477 Assets (F/L) 5,135 - -
Accumulated (50,853) 707,750 474,728 Capital WIP 2,488,307 1,750,208 465,650
profit
Investments 6,795,961 3,172,508 4,696,922
Loans, 523,046 166,940 158,677
advances
and
deposits
TOTAL
NON-
TOTAL 30,080,257 20,918,442 26,519,220 CURRENT 32,790,343 29,435,449 30,628,551
EQUITIES ASSETS

NON CURRENT LIABILITIES CURRENT ASSETS

Long term 8,411,051 4,375,837 5,089,507 Stores and 2,299,250 2,935,880 3,017,742
finances spares
Long term 73,890 73,765 81,138 Stock in 445,856 899,836 1,036,876
deposits trade
Retirement and 54,018 78,622 104,029 Trade debts 366,173 513,966 303,949
other benefits
Deferred 1,319,000 1,441,576 1,465,960 Investments 15,082,582 7,785,968 10,740,972
taxation
Advances, 782,358 908,100 1,087,161
CURRENT LIABILITIES deposits,
and
receivable
Trade Payables 1,370,336 1,435,420 1,679,749 Cash and 226,372 243,842 230,792
bank
balance
Accrued markup 364,664 531,772 346,425
Short term 7,597,020 9,068,575 9,585,642
borrowing
Long term 2,687,608 4,763,942 2,139,283
borrowing
Provision for 35,090 35,090 35,090
taxation
TOTAL
TOTAL 21,912,677 20,526,823 21,804,599 CURRENT 19,202,591 13,287,592 16,417,492
LIABILITIES ASSETS
TOTAL 51,992,934 42,723,041 47,046,043 TOTAL 51,992,934 42,723,041 47,046,043
EQUTIES & ASSETS
LIABILITIES

LUCKY CEMENT LIMITED

BALANCE SHEET
AS AT JUNE 30, (2008, 2009, 2010)
(Rupees in thousand)
EQUITY AND
LIABILITIES 2008 2009 2010 ASSETS 2008 2009 2010

CAPITAL AND RESERVES NON-CURRENT ASSETS

Share Capital 3,233,750 3,233,750 3,233,750 Fixed 25,881,375 30,476,872 31,378,255
Assets
Reserves 15,421,673 20,018,222 21,862,179 Intangible - - 2,977
Assets
Long term - 55,373 55,373
advance
Long term 2,175 2,175 2,175
deposits
TOTAL
NON-
TOTAL 18,655,423 23,251,972 25,095,929 CURRENT 25,883,550 30,534,420 31,438,780
EQUITIES ASSETS

NON CURRENT LIABILITIES CURRENT ASSETS

Long term 6,633,333 4,300,000 1,658,600 Stores and 4,160,146 3,411,549 4,008,288
finances spares
Long term 30,252 28,589 31,957 Stock in 709,372 1,196,608 608,813
deposits trade
Deferred 174,171 234,633 319,217 Trade debts 720,314 1,267,248 779,305
Liabilities
Deferred 1,058,998 1,478,490 1,562,850 Loan & Adv. 111,989 108,876 105,915
taxation
Trade Depo. 189,641 9,761 48,807
CURRENT Receivables 890,204 59,251 184,805
LIABILITIES
Trade Payables 3,549,543 2,677,356 3,043,320 Tax Refund 538,812 538,812 538,812
Accrued markup 288,977 233,381 155,500 Taxation-net 130,899 176,584 145,151
Short term 3,606,710 6,187,941 6,267,112 ST Refund 634,136 40,162 117,939
borrowing
Long term 241,667 - 175,759 Cash & 270,011 1,049,091 333,629
borrowing Bank
TOTAL
TOTAL 15,583,651 9,098,678 13,214,315 CURRENT 8,355,524 7,857,942 6,871,464
LIABILITIES ASSETS
TOTAL TOTAL
EQUITIES & 34,239,074 38,392,362 38,310,244 ASSETS 34,239,074 38,392,362 38,310,244
LIABILITIES

ATTOCK CEMENT PAKISTAN LIMITED

BALANCE SHEET
AS AT JUNE 30, (2008, 2009, 2010)
(Rupees in thousand)
EQUITY AND
LIABILITIES 2008 2009 2010 ASSETS 2008 2009 2010

CAPITAL AND RESERVES NON-CURRENT ASSETS

Paid-up Capital 721,629 721,629 865,955 Fixed Assets 4,333,363 4,143,534 4,201,944
Un-appropriated 2,784,754 4,043,176 4,529,464 Long term 4,500 4,500 4,500
profit Investment
Hedging reserve 25,196 13,062 - Long term 9,775 19,438 16,922
Loan/advance
Long term 42,980 42,980 42,980
deposits
TOTAL NON-
TOTAL 3,531,579 4,777,867 5,395,419 CURRENT 4,390,618 4,210,452 4,266,346
EQUITIES ASSETS

NON CURRENT LIABILITIES CURRENT ASSETS

Long term 622,500 422,500 - Stores and 622,758 599,605 646,494
murabaha spares
Deferred taxation 736,449 636,870 598,300 Stock in trade 409,498 613,934 366,170
Trade debts 49,799 46,485 55,366
Loan & Adv. 21213 26,208 46,132
Trade Depo. 10,351 12,362 10,538
CURRENT Accrued 2,154 7,676 2,646
LIABILITIES interest
Trade Payables 767,579 856,330 1,015,724 Receivable 49,403 26,988 28,836
Accrued markup 12,731 8,914 - Taxation 183,950 - -
Liability against 109 - - Investments 20,246 557,265 1,194,272
F/L
Taxation - 70,320 49,466 Cash & Bank 110,957 871,826 442,109
Short term 200,000 200,000 -
murabaha
TOTAL
TOTAL 2,339,368 1,135,564 1,663,490 CURRENT 1,480,329 2,762,349 2,792,563
LIABILITIES ASSETS
TOTAL TOTAL
EQUITIES & 5,870,947 6,972,801 7,058,909 ASSETS 5,870,947 6,972,801 7,058,909
LIABILITIES
 MAPLE LEAF CEMENT FACTORY LIMITED
BALANCE SHEET
AS AT JUNE 30, (2008, 2009, 2010)
(Rupees in thousand)
EQUITY AND
LIABILITIES 2008 2009 2010 ASSETS 2008 2009 2010

CAPITAL AND RESERVES NON-CURRENT ASSETS

Paid-up Capital 4,264,108 4,264,108 4,264,108 Fixed Assets 20,081,448 20,381,478 21,035,368
Reserves 4,644,355 4,127,277 4,180,433 Int. assets 15,082 7,332 1,774
Accumulated (547,574) (1,673,584) (4,310,333) Long term - - 200
Profit Investments
SHARE - - 1,000,000 Long term 6,121 5,666 3,294
DEPOSIT Loan/advance
MONEY
Deposits and 54,014 51,485 51,573
Prepayments
TOTAL NON-
TOTAL 8,360,889 6,717,801 5,134,208 CURRENT 20,156,665 20,445,961 21,092,208
EQUITIES ASSETS

NON CURRENT LIABILITIES CURRENT ASSETS

Loans from Stores and 3,325,744 2,936,194 2,407,410
related parties 35,224 - - spares
Long term loan 241,539 826,614 1,100,808 Stock in trade 433,952 650,914 504,718
from banking
company
Redeemable 8,000,000 7,200,000 8,289,800 Trade debts 743,366 682,244 751,400
capital
Syndicated 1,000,000 - 1,498,200 Loan & Adv. 82,814 78,254 266,642
T.Finance
Liability against 957,534 862,214 700,743 Investments 734,859 406,563 472,338
F/L
Long term 2,582 2,580 2,739 Trade 69292 143,306 121,824
Deposits Deposits
Deferred 171,429 88,745 26,493 Accrued 763 983 656
liabilities interest
CURRENT ST, Customs 57,769 16,797 16,797
LIABILITIES and Ex. Duty
Trade Payables 2,550,147 2,407,870 3,491,872 Due from 9,768 8,184 -
Gratuity fund
Accrued 194,568 441,194 921,812 Receivables 387,528 29,448 91,178
markup
Short term 3,369,738 4,382,322 4,060,838 I-Tax (Prov.) 44,907 162,058 296,506
borrowing
Current portion Cash & Bank 104,134 99,932 73,265
of long term 1,268,011 2,731,498 867,429
loan
TOTAL
TOTAL 17,790,672 18,943,037 20,960,734 CURRENT 5,994,896 5,214,877 5,002,734
LIABILITIES ASSETS
TOTAL TOTAL
EQUITIES & 26,151,561 25,660,838 26,094,942 ASSETS 26,151,561 25,660,838 26,094,942
LIABILITIES

LAFARGE PAKISTAN CEMENT LIMITED

BALANCE SHEET
AS AT DECEMBER 31, (2008, 2009, 2010)
(Rupees in thousand)
EQUITY AND
LIABILITIES 2008 2009 2010 ASSETS 2008 2009 2010

CAPITAL AND RESERVES NON-CURRENT ASSETS

Paid-up Capital 13,126,445 13,126,445 13,126,445 Fixed Assets 17,247,914 16,687,998 16,291,971
Reserves (2,092,041) (3,362,517) (4,311,012) Int. assets 4,103 2.959 2,345
Long term 82,636 77,868 61,977
advances
Long term 43,787 40,578 39,867
deposits
Deferred 749,347 749,347 749,347
taxation
TOTAL
TOTAL 11,034,404 9,763,928 8,815,433 NON- 18,127,787 17,558,750 17,145,507
EQUITIES CURRENT
ASSETS

NON CURRENT LIABILITIES CURRENT ASSETS

Long term 4,388,800 3,075,232 1,761,663 Stores and 2,453,835 937,102 1,268,298
finance spares
Liability against 33,288 - - Stock in 946,934 724,361 624,933
F/L trade
Other long term 1,270,820 Trade debts 33,927 76,614 417
liab.
Advances 51,611 37,538 38,050
Prepayments 66,651 54,652 30,829
Accrued 1,725 992 860
interest
Tax Refunds 74,283 - -
CURRENT Other 74,361 24,454 35,104
LIABILITIES receivables
Trade Payables 1,146,613 2,973,094 2,851,042 Taxation – 97,617 218,518 353,082
net
Accrued 378,636 261,291 260,527 Cash & Bank 55,472 71,261 7,268
markup
Short term 2,418,074 2,317129 4,502,115
borrowing
Current portion 1,313,568 1,313,568 1,313,568
of long term
finance
TOTAL
TOTAL 10,949,799 9,940,314 10,688,915 CURRENT 3,856,416 2,145,492 2,358,841
LIABILITIES ASSETS
TOTAL 21,984,203 19,704,242 19,504,348 TOTAL 21,984,203 19,704,242 19,504,348
EQUITIES & ASSETS
LIABILITIES
 ANNEXURE C

Cash Flow Statements

D. G. KHAN CEMENT COMPANY LIMITED

CASH FLOW STATEMENT
FOR THE YEAR ENDED JUNE 30, (2008, 2009, 2010)
(Rupees in thousand)
Cash flows from operating activities 2008 2009 2010
Cash generated from operations 1,263,660 3,829,987 3,194,599
Finance cost paid (1,727,177) (2,439,250) (2,088,107)
Retirement and other benefits paid (5,054) (6,934) (11,368)
Taxes paid (135,780) (235,684) (260,492)
Net decrease in long term deposits (5,577) (125) 7,373
Net cash generated from / (used in) operating activities (609,928) 1,147,994 842,005

Cash flows from investing activities

Purchase of property, plant and equipment (2,698,370) (1,995,630) (1,079,494)
Purchase of investments (188,339) (38,878) (249,445)
Net decrease/ (increase) in long term loan, adv. (325,502) 356.106 8,489
and dep.
Sales proceeds of property, plant and equipment 26,665 4.076 16,785
Dividend received 820,435 707,242 766,398
Interest received 8,333 42,205 2,555
Net cash generated from/(used in) investing activities (2,356,788) (924,879) (534,712)

Cash flows from financing activities

Proceeds from issuance of share capital - 1,014,164 1,216,998
Proceeds from long term finances 3,000,000 300,000 3,050,000
Repayments of long term finances (3,178,083) (2,989,690) (5,104,383)
Repayment of liabilities against assets subject to (19,957) (1,141) -
F. lease
Dividend paid (379,093) (533) (25)
Net cash generated from/(used in) financing activities (577,133) (1,677,200) (837,410)

Net increase/(decrease) in cash and cash (3,543,849) (1,454,085) (530,117)

equivalents
Cash and cash equivalents at the beginning of (3,826,799) (7,370,648) (8,824,733)
year
Cash and cash equivalents at the end of year (7,370,648) (8,824,733) (9,354,850)

LUCKY CEMENT LIMITED

CASH FLOW STATEMENT
FOR THE YEAR ENDED JUNE 30, (2008, 2009, 2010)
(Rupees in thousand)
Cash flows from operating activities 2008 2009 2010
Cash generated from operations 1,612,073 8,084,365 6,087,267
Finance cost paid (163,947) (1,292,567) (647,065)
Taxes paid (166,236) (206,645) (164,264)
Gratuity paid (9,087) (13,369) (12,300)
Long term deposits 4,389 (1,663) 3,368
Long term advance paid - (55,373) -
Net cash generated from/(used in) operating activities 1,277,192 6,514,748 5,267,006

Cash flows from investing activities

Fixed capital expenditure (6,572,254) (5,779,313) (2,320,832)
Sales proceeds on disposal of property, plant and 32,098 37,487 5,879
equip.
Net cash generated from / (used in) investing activities (6,540,156) (5,741,826) (2,314,953)

Cash flows from financing activities

Repayment of long term finance (3,075,756) (2,575,000) (2,465,641)
Receipt/(repayment) of short term borrowing (710,226) 4,151,790 217,372
Proceeds from issue of Global Depository 6,953,422 - -
Receipts
Dividend paid (326,162) (73) (1,281,045)
Net cash generated from / (used in) financing activities 2,841,278 1,576,717 (3,529,314)

Net increase/(decrease) in cash and cash (2,421,686) 2,349,639 (577,261)

equivalents
Cash and cash equivalents at the beginning of 982,937 (1,438,749) 910,890
year
Cash and cash equivalents at the end of year (1,438,749) 910,890 333,629
 ATTOCK CEMENT PAKISTAN LIMITED
CASH FLOW STATEMENT
FOR THE YEAR ENDED JUNE 30, (2008, 2009, 2010)
(Rupees in thousand)
Cash flows from operating activities 2008 2009 2010
Cash generated from operations 727,872 2,397,639 1,877,393
Finance cost paid (155,591) (123,580) (86,542)
Income tax paid (134,583) (341,084) (431,056)
(Increase) / decrease in long-term loans and 137 (9,663) 2,516
advances
Net cash generated from / (used in) operating activities 437,835 1,923,312 1,362,311

Cash flows from investing activities

Fixed capital expenditure incurred (302,993) (286,642) (331,317)
Proceeds on disposal of fixed assets 8,184 6,043 4,121
Purchase of open ended mutual fund units (95,000) (1,360,000) (3,779,814)
Proceeds from sale of open ended mutual fund 287,362 955,501 3,136,227
units
Purchase of certificate of investment - (100,000) (503,028)
Proceeds from sale of Certificates of Investment - - 603,028
Interest received 12,817 57,177 86,811
Net cash generated from / (used in) investing activities (89,630) (727,921) (783,972)

Cash flows from financing activities

Repayment of long-term murabaha (177,500) (200,000) (622,500)
Payments made under finance lease (1,076) (109) -
Dividend paid (324,448) (234,413) (385,556)
Net cash generated from / (used in) financing activities (503,024) (434,522) (1,008,056)

Net increase/(decrease) in cash and cash (154,819) 760,869 (429,717)

equivalents
Cash and cash equivalents at the beginning of 265,776 110,957 871,826
year
Cash and cash equivalents at the end of year 110,957 871,826 442,109

MAPLE LEAF CEMENT FACTORY LIMITED

CASH FLOW STATEMENT
FOR THE YEAR ENDED JUNE 30, (2008, 2009, 2010)
 (Rupees in thousand)
Cash flows from operating activities 2008 2009 2010
Cash generated from operations 1,266,028 3,523,622 637,645
Stores, spares and loose tools (1,311,164) 389,550 523,784
Stock-in-trade (64,243) (216,962) 146,196
Trade debts (548,779) 61,122 (95,465)
Loans and advances 2,873 4,560 (188,388)
Deposits and short term prepayments (39,159) (74,014) 21,482
Sales tax, customs and excise duty (20,027) 40,972 -
Due from gratuity fund trust (1,229) 1,584 8,184
Other receivables (20,582) (7,668) (61,730)
(Decrease)/increase in trade and other payables 1,776,248 (142,532) 1,060,089
Taxes paid (75,693) (181,472) (237,570)
Compensated absences paid (3,641) (3,744) (10,021)
Net cash generated from / (used in) operating activities 960,632 3,395,018 1,804,206

Cash flows from investing activities

Fixed capital expenditure (1,634,403) (1,350,122) (1,701,590)
Sale proceeds of operating fixed assets 2,519 5,409 8,067
Loans to employees 109 455 2,373
Long term investments - - (200)
Investments 173,551 736 (65,775)
Deposits and prepayments (25,574) 2,529 (88)
Profit on bank deposits received 4,685 9,849 5,655
Dividend received 12,021 11,717 9,431
(Loss)/income on investments – net 43,403 (4,339) 3,664
Net cash generated from / (used in) investing activities (1,423,689) (1,323,766) (1,738,463)

Cash flows from financing activities

Loans from related parties (214,776) (35,224) -
Long term loans (10,127,637) 713,964 625,534
Share deposit money received - - 1,000,000
Redeemable capital obtained - - 300,000
Redeemable capital repaid - - (3,400)
Redeemable capital 8,000,000 - -
Syndicated term finances – net 2,080,000 (580,000) (600)
Long term deposits from stockists – net (120) (2) 159
Lease finances – net 183,871 19,378 (84,882)
Short term borrowings – net 2,572,153 1,012,584 (321,484)
Finance cost paid (1,996,914) (3,153,615) (1,578,858)
Ordinary dividend paid (14) (61) -
Preference dividend paid (52,731) (52,478) (28,881)
Net cash generated from / (used in) financing activities 443,832 (2,075,454) (92,410)

Net increase/(decrease) in cash and cash (19,225) (4,202) (26,667)

equivalents
Cash and cash equivalents at the beginning of 123,359 104,134 99,932
year
Cash and cash equivalents at the end of year 104,134 99,932 73,265

LAFARGE PAKISTAN CEMENT LIMITED

CASH FLOW STATEMENT
FOR THE YEAR ENDED DECEMBER 31, (2008, 2009, 2010)
(Rupees in thousand)
Cash flows from operating activities 2008 2009 2010
Cash generated from operations 863,063 667,859 430,333
Decrease/ (increase) in advances (23,150) 14,073 -
Decrease/ (increase) in stores and spares (1,204,517) 1,513,734 -
Decrease/ (increase) in stock in trade (448,149) 222,574 -
Decrease/ (increase) in short term prepayments (25,272) 11,998 -
Decrease in other receivables 6,244 32,875 -
(Increase)/decrease in trade debts 35,718 (42,688) -
Decrease in tax refunds due from the 76,438 74,283 -
Governments
Increase in trade and other payables 281,715 555,379 -
Staff retirement benefits paid (11,598) (11,287) (12,675)
Interest received on financial assets 5,377 3,024 -
Income tax paid (82,461) (145,363) (164,073)
Net cash generated from / (used in) operating activities (526,592) (2,896,461) 253,585

Cash flows from investing activities

Additions to property, plant and equipment (238,843) (103,265) (236,650)
Additions to intangible assets - - (549)
Interest received on financial assets - - 1,728
Proceeds of disposal of property, plant and 976 10,572 7,203
equipment
Long term advance received 10,330 4,767 15,892
Long term deposits (1,357) 3,209 712
Net cash generated from / (used in) investing activities (228,894) (84,717) (211,664)

Cash flows from financing activities

Cost of Issue of share capital (5,344) - -
Repayment of long term loan (1,313,569) (1,313,569) (1,313,569)
Lease rentals paid (10,408) (33,288) -
Finance costs paid (956,218) (1,348,155) (977,331)
Net cash generated from / (used in) financing activities (2,285,539) (2,695,012) (2,290,900)

Net increase/(decrease) in cash and cash (3,041,025) 116,733 (2,248,979)

equivalents
Cash and cash equivalents at the beginning of 678,424 (2,362,601) (2,245,868)
year
Cash and cash equivalents at the end of year (2,362,601) (2,245,868) (4,494,847)
 ANNEXURE D

Statement of Changes in Equity

D. G. KHAN CEMENT COMPANY LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED JUNE 30, (2008, 2009, 2010)
(Rupees in thousand)
CAPITAL RESERVE REVENUE RESERVE
Share Share Fair value Capital General Accum- Total
Capital Premium reserve redemption reserve ulated
reserve (loss)/profit
fund
Balance as at
30 June 2008 2,535,412 2,711,384 19,458,977 353,510 5,071,827 (50,853) 30,080,257
Right issue 507,082 507,082 - - - - 1,014,164
Profit for the - - - - - 525,581 525,581
year
Other
comprehensive - - (10,701,560) - - - (10,701,560)
loss for the year
Balance as at
30 June 2009 3,042,494 3,218,466 8,757,417 353,510 5,071,827 474,728 20,918,442
Right issue 608,499 608,499 - - - - 1,216,998
Profit for the
year - - - - - 233,022 233,022
Other
comprehensive
Income for the - - 4,150,758 - - - 4,150,758
year
Balance as at
30 June 2010 3,650,993 3,826,965 12,908,175 353,510 5,071,827 707,750 26,519,220
 LUCKY CEMENT LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED JUNE 30, (2008, 2009, 2010)
(Rupees in thousand)
CAPITAL REVENUE RESERVES
RESERV
E
Issued, Share General Un- Total Total
Subscribe premium Reserve appropriate reserves equity
d and paid d profit
up capital
Balance as at
June 30, 3,233,750 7,343,422 5,000,000 3,078,251 15,421,67 18,655,42
2008 3 3
Total
comprehensiv
e income for - - - 4,596,549 4,596,549 4,596,549
the year
Balance as at
20,018,22 23,251,97
June 30, 3,233,750 7,343,422 5,000,000 7,674,800
2 2
2009
Transfer to
- -
general - - 5,000,000 (5,000,000)
reserve
Dividend Rs.4
(1,293,500 (1,293,500
per share - - - (1,293,500)
) )
2009
Total
comprehensiv
e income for - - - 3,137,457 3,137,457 3,137,457
the year
Balance as at
21,862,17 25,095,92
June 30, 3,233,750 7,343,422 10,000,00 4,518,757
9 9
2010 0
 ATTOCK CEMENT PAKISTAN LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED JUNE 30, (2008, 2009, 2010)
(Rupees in thousand)
Share Un- Hedging Total
Capital appropriated reserve
profit
Balance as at June 30, 2008 721,629 2,784,754 25,196 3,531,579
Final dividend for the year ended - (108,244) - (108,244)
June 30, 2008 @ 1.5 per share
Interim dividend for the year ended - (126,285) - (126,285)
June 30, 2009 @ 1.75 per share
Net loss arising on change in fair - - (12,134) (12,134)
value of interest rate swap under
cash flow hedge
Profit after taxation for the year - 1,492,951 - 1,492,951
ended June 30, 2009
Balance as at June 30, 2009 721,629 4,043,176 13,062 4,777,867
Final dividend for the year ended - (234,529) - (234,529)
June 30, 2009 @ 3.25 per share
Transfer to reserve for issue of - (144,326) - (144,326)
bonus shares
Issue of Bonus share for every 5 144,326 - - 144,326
shares held
Interim dividend for the year ended - (151,542) - (151,542)
June 30, 2010 @ 1.75 per share
Loss arising on change in fair value - - (3,531) (3,531)
of interest rate swap under cash
flow hedge
Net gain realized on termination of - - (9,531) (9,531)
interest rate swap reclassified to
profit and loss account
Profit after taxation for the year - 1,016,685 - 1,016,685
ended June 30, 2010
Balance as at June 30, 2010 865,955 4,529,464 - 5,395,419
 MAPLE LEAF CEMENT FACTORY LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED JUNE 30, (2008, 2009, 2010)
(Rupees in thousand)
CAPITAL RESERVES REVENUE RESERVES
Share Share Reserve Capital Hedging Sub Total General Accumulate Sub Total Total
Capital Premium remeasure Redempti Reserve Reserve d loss Equity
ment of on
available Reserve
for sale
investmen
ts
Balance as at June 30, 2008 4,264,108 2,068,336 518,765 291,506 365,748 3,244,355 1,400,000 (547,574) 851,426 8,360,889
Loss for the year ended June 30, - - - - - - (982,970) (982,970) (982,970)
2009
Deficit on remeasurement of - - (327,559) - - (327,559) - - - (327,559)
investments available for sale on
fair value
Loss arising on derivatives cross - - - - (365,748) (365,748) - - - (365,748)
currency interest rate swap
agreement
Deferred tax relating to - - 85,983 - - 85,983 - - - 85,983
component of other
comprehensive income
Transfer to capital redemption - - - 90,246 - 90,246 - (90,246) (90,246) -
reserve
Dividend on preference shares - - - - - - - (52,794) (52,794) (52,794)
for the year ended June 30, 2009
Balance as at June 30, 2009 4,264,108 2,068,336 277,189 381,752 - 2,727,277 1,400,000 (1,673,584) (273,584) 6,717,801
Loss for the year ended June 30, - - - - - - - (2,583,955) (2,583,955) (2,583,955)
2010
Surplus on remeasurement of - - 72,072 - - 72,072 - - - 72,072
investments available for sale on
fair value
Deferred tax relating to - - (18,920) - - (18,920) - - - (18,920)
component of other
comprehensive income
Dividend on preference shares - - - - - - - (52,794) (52,794) (52,794)
for the year ended June 30, 2010
Balance as at June 30, 2010 4,264,108 2,068,336 330,345 381,752 - 2,780,433 1,400,000 (4,310,333) (2,910,333) 4,134,208
 LAFARGE PAKISTAN CEMENT LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED DECEMBER 31, (2008, 2009, 2010)
(Rupees in thousand)
RESERVES
Issued, Share Equity Accumulated Total
subscribed premium settled Losses
and paid-up share
capital based
payment
plan
Balance at Dec 31, 13,126,445 190,477 - (2,282,518) 11,034,404
2008
Total comprehensive - - - (1,278,965) (1,278,965)
loss for the year
Employee benefit - - 8,489 - 8,489
cost under IFRS-2
“Share-based
payments”
Balance at Dec 31, 13,126,445 190,477 8,489 (3,561,483) 9,763,928
2009
Total comprehensive - - - (948,495) (948,495)
loss for the year
Balance at Dec 31, 13,126,445 190,477 8,489 4,509,978 8,815,433
2010