Annual Report of Packages Limited 2013

(Rupees in thousand)

Note

2013

2012

2011

(Re-stated)

(Re-stated)

ASSETS
NON-CURRENT ASSETS

Property, plant and equipment

19

3,665,286

3,459,115

18,346,058

Investment property

20

90,838

25,473

29,943

Intangible assets

21

32,185

41,411

38,888

Investments

22

41,048,030

20,795,660

16,288,141

Long-term loans and deposits

23

67,006

97,105

110,873

Retirement benefits

10

6,540

44,909,885

3,094

24,418,764

34,816,997

461,625

978,741

CURRENT ASSETS

Stores and spares

24

568,593

Stock-in-trade 25
2,064,901
1,909,807
4,525,757
Trade debts

26

1,622,809

2,279,915

1,764,577

Loans, advances, deposits, prepayments and

other receivables

27

1,691,387

412,866

454,548

Income tax receivable

28

2,175,853

1,603,306

941,439

Cash and bank balances

29

235,874

362,380

175,676

8,359,417

7,029,899

8,840,738

14,543,291

45,991,954

43,657,735

Assets of disposal group classified as held for sale

17

53,269,302
The annexed notes 1 to 50 form an integral part of these financial statements.

Towfiq Habib Chinoy

Chairman

Syed Hyder Ali

Chief Executive & Managing Director

Syed Aslam Mehdi

Director

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