FIRST EQUITY MODARABA
CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED)
FOR THE QUARTER ENDED SETTEMBER 30, 2021

| | September
2021
Rupees | September
2020
Rupees |
| --- | --- | --- |
| Income | 20,461,297 | 7,007,739 |
| Expenditure | | |
| Operating expenses | (5,611,456) | (4,682,119) |
| Bank charges | (147) | (7,540) |
| | (5,611,603) | (4,689,659) |
| | 14,849,694 | 2,318,080 |
| Other income | 37,480 | 530,864 |
| Profit Before Taxation | 14,887,174 | 2,848,944 |
| Provision for Taxation | 2,825,000 | - |
| Profit after Taxation | 12,062,174 | 2,848,944 |
| Earnings per certificate | 0.230 | 0.054 |

2/2

FIRST EQUITY MODARABA

CONDENSED INTERIM PROFIT AND LOSS ACCOUNT - CONSOLIDATED
FOR THE QUARTER ENDED SETEMBER 30, 2021

| | September
2021
Rupees | September
2020
Rupees |
| --- | --- | --- |
| Income | 163,174,483 | 33,496,698 |
| Expenditures | | |
| Operating expenses | (22,438,275) | (14,706,816) |
| Distribution and selling expenses | (9,329,670) | (8,291,435) |
| | (31,767,945) | (22,998,251) |
| Operating profit | 131,406,538 | 10,498,447 |
| Financial charges | (9,980,704) | (7,868,559) |
| | 121,425,834 | 2,629,888 |
| Other income | 510,142 | 1,477,767 |
| | 121,935,976 | 4,107,655 |
| Other charges | (7,891,179) | (403,400) |
| Profit before taxation | 114,044,797 | 3,704,255 |
| Taxation | | |
| - current | (28,141,443) | (13,885,485) |
| - deferred | (10,338,129) | 30,302,588 |
| | (38,479,572) | 16,417,103 |
| Profit for the period | 75,565,225 | 20,121,358 |
| Earnings per certificate | 1.441 | 0.384 |