BALANCE SHEET

                                                  2002                                 2001

                                                                            Note        Rupees                           Rupees

SHARE CAPITAL AND RESERVES                                                                                                      

Authorized

17,500,000 ordinary shares of

Rs. 10/= each.                                                                         175,000                             175,000

Issued, subscribed and paid up capital                             

15,177,000 ordinary shares of Rs. 10/=                                                                                         

each fully paid in cash                                                              151,770                              151,770

Accumulated loss                                                                   (532,299)                           (485,744)

                                                                                             (380,529)                           (333,974)

SURPLUS ON REVALUATION OF                            

FIXED ASSETS                                                   3              404,595                              404,595

LONG TERM LOANS                                        4              415,047                              415,047  

DEFERRED LIABILITIES             

 Gratuity                                                                  5                  3,183                                 2,264

CURRENT LIABILITIES                                                                                                

Short term borrowings                                             6                  2,544                                 3,394            

Creditors, accrued and other

      liabilities                                                            7               127,039                             104,552 

Provision for taxation                                                                    1,164                               10,158   

                                                                                                130,747                             118,104             

CONTINGENCIES & COMMITMENTS        8            

                                                                                                573,043                             606,036

FIXED CAPITAL EXPENDITURE

Operating fixed assets                                             9               512,055                              535,113

CURRENT ASSETS

Stores and spares                                                   10                 1,617                                  1,227

Stock in trade                                                         11               14,454                                10,462

Trade debts                                                            12                 9,999                                  3,914

Advances, Prepayments

    & other receivables                                             13               28,299                                48,945

Cash and bank balances                                          14                 6,619                                  6,375

                                                                                                  60,988                                70,923

                                                                                                573,043                             606,036 

The annexed notes from an integral part of these accounts.

CHIEF EXECUTIVE                                                                                                                   DIRECTOR

Home | Company Profile | Yearly Report | Second Quarterly Report | First Quarterly Report | Contact Us | About us

All Rights reserved by JA Software development team.

Asim Textile Mills Ltd.

16 C, Peoples Colony

  Faisalabad 38090, PAKISTAN

Tel: 92-41-721953-6

Fax: 92-41-712399

@webmaster