1/21/2013 Accounting Presentation 1

GROUP NAME:
Usman&Brothers
GROUP MEMBER:
Usman Iftikhar (G.L)
Mohammad Umar
Abu Bakar Ali
Zeeshan Waris
1/21/2013 Accounting Presentation 2
BOARD OF DIRECTORS
CHAIRMAN
MR. MOHAMMAD ABDULLAH
CHIEF EXECUTIVE
MR. SHAHID ABDULLAH
DIRECTOR
MR.NADEEM ABDULLAH
MR. AMER ABDULLAH
MR. YOUSUF ABDULLAH

1/21/2013 Accounting Presentation 3
DIRECTOR
MR. MOHAMMAD YAMIN
MR. NAVEED-UL-ISLAM
AUDIT COMMITTEE
CHAIRMAN
MR. NADEEM ABDULLAH
MEMBER
MR. AMER ABDULLAH
MEMBER
MR. MOHAMMAD YAMIN
1/21/2013 Accounting Presentation 4
HUMON RESOURCE & REMUNERATION
COMMITTEE
CHAIRMAN
MR. YOUSUF ABDULLAH
MEMBER
MR. NAVEED-UL-ISLAM
MEMBER
MR. MOHAMMAD YAMIN
CHIEF FINANCIAL OFFICER
MR.MUJAHID AKBER BOZDAR


1/21/2013 Accounting Presentation 5
SECRETARY
MR. SHAUKAT MAHMUD
AUDITORS
HAMEED CHAUDHRI & COMPANY
CHARTERED ACCOUNTANTS
MANAGEMENT CONSULTANT
M. YOUSUF ADIL SALEEM & COMPANY
CHARTERED ACCOUNTANTS
1/21/2013 Accounting Presentation 6
TAX CONSULTANTS
MUSHTAQ & COMPANY
CHARTERED ACCOUNTING
LEGAL ADVISOR
HASSAN & HASSAN ADVOCATES
BANKERS
ALLIED BANK LIMITED
CITI BANK N.A.
HABIB BANK LIMITED
1/21/2013 Accounting Presentation 7
BANKERS
HABIB METROPOLITAN BANK LIMITED
NATIONAL BANK OF PAKISTAN
MCB BANK LIMITED
UNITED BANK LIMITED

SHARE REGISTRAR
THK ASSOCIATES(PRIVATE)LTD


1/21/2013 Accounting Presentation 8
REGISTERED OFFICE
316, COTTON EXCHANGE BUILDING,
I.I. CHUNDRIGAR ROAD,
KARACHI.
MILLS
KHARIANWALA, TEHSIL AND DISTRICT
SHEIKUPURA
FEROZE WATTOAN, TEHSIL AND DISTRICT
SHEIKHUPURA
RAIWIND ROAD, LAHORE
1/21/2013 Accounting Presentation 9
To be one of the premier textile company
recognized for leadership in technology,
flexibility, responsiveness and quality.
Our customers will share in our success
through innovative manufacturing,
certifiable quality, exceptional services and
creative alliances. Structured to maintain in
depth competence and knowledge about our
business, our customers and worldwide
markets.
1/21/2013 Accounting Presentation 10
Our workforce will be the most
efficient in industry through multiple
skill learning, the fostering of learning
and the fostering of teamwork and the
security of the safest work enviourment
possible recognized as excellent citizen
in the local and regional community
through our financial and human
resources support and our sensitivity to
the enviornment.
1/21/2013 Accounting Presentation 11
Our mission is to be recognized as
premier supplier to the markets we serve
by providing quality yarns, fabrics and
other textile products to satisfy the
needs of our customers.
Our mission will be accomplished
through excellence in customer service,
sales and manufacturing supported by
teamwork of all associates.
1/21/2013 Accounting Presentation 12


We will continue our tradition of honesty,
fairness and integrity in relationship with our
customers, associates, shareholders,
community and stakeholders.
1/21/2013 Accounting Presentation 13

Sales
Cost of Sale
Gross profit
Selling and
DistributionExpenses
Administrative Expenses
Other Operating Expenses
Other Operating Income
2012
Rupees
2011
Rupees
12,811,236,497 15,452,802,106
10,846,300,587 12,143,187,928
1,964,935,910 3,309,614,178
574,455,470 575,813,601
152,984,567 158,973,379
114,678,935 176,939,507
(293,066,549) (273,876,901)
1/21/2013 Accounting Presentation 14

Profit from Operation
Finance Cost
Profit before Taxation
Taxation
Profit after Taxation
Earnings per Share-
basic and diluted
2012
Rupees
2011
Rupees
1,415,883,487 2,671,764,592
452,693,998 596,669,445
963,189,489 2,075,095,147
96,304,192 150,571,629
866,885,297 1,924,523,518
44.03 97.75
1/21/2013 Accounting Presentation 15
Assets
Non-Current Assets
Property, plant and
equipment
Investment property
Intangible assets
Long term investments
Long term loans
Long term deposits
2012
Rupees
2011
Rupees
3,085,526,201 2,684,119,259
165,704,254 167,125,803
6,540,461 2,199,161
5,189,900,562 5,383,126,419
959,884 1,527,197
17,544,265 17,396,960
8,466,175,627 8,255,494,799
1/21/2013 Accounting Presentation 16
Current Assets
Stores, spare parts and loose tools
Stock-in-trade
Trade debts
Loans and advances
Trade deposits and short term
prepayment
Short term investments
Other receivables
Tax refunds due from Government
Cash and bank balance

2012
Rupees
2011
Rupees
143,774,644 146,810,139
2,511,898,722 2,390,012,130
886,453,425 1,084,334,786
12,275,951 14,865,293
4,263,488 6,335,699
639,354,775 486,598,055
204,797,130 239,154,730
142,535,587 72,589,636
88,817,298 123,106,010
4,634,171,020 4,563,806,478
1/21/2013 Accounting Presentation 17



Total Assets

13,100,346,64
7
12,819,301,27
7
1/21/2013 Accounting Presentation 18
Equity and Liabilities Share
Capital and Reserves
Authorised Capital
35,000,000(2011:35,000,000)
ordinary share of Rs.10 each
Issued, subscribed and paid up
capital
Reserves
Unappropriated profit

Total Equity
2012
Rupees
2011
Rupees


350,000,000



350,000,000

196,875,000 196,875,000
3,100,830,002 3,319,359,783
5,874,999,004 5,106,551,207


9,172,704,006



8,622,785,990
1/21/2013 Accounting Presentation 19
Non-Current Liabilities
Long term finances
Staff retirement benefit-
gratuity
Deferred taxation
Long term security
deposit
2012
Rupees
2011
Rupees
528,292,375 755,000,000
141,194,159 121,145,344
54,769,353 70,992,081
2,100,000 2,100,000
726,355,887 949,237,425
1/21/2013 Accounting Presentation 20
Current Liability
Trade and other payables
Accrued mark-up/interest
Short term borrowings
Current portion of long term
finance
Provision for taxation
2012
Rupees
2011
Rupees
884,983,380 682,358,989
51,976,599 53,155,814
1,817,701,860 1,949,731,013
316,184,625 380,033,002
130,440,290 181,999,044
3,201,286,754 3,247,277,862
1/21/2013 Accounting Presentation 21


Total Equity and Liabilities
13,100,346,
754
12,819,301,
277
1/21/2013 Accounting Presentation 22

Profit after Taxation
Other Comprehensive Income
(Deficit)/surplus arising of re-
measurement of available for sale
investment
-long term investments
-short term investments
Related deferred tax

Forward foreign exchange contracts
Unrealised gain on re-measurement
of forward foreign exchange
contracts
2012
Rupees
2011
Rupees
866,885,297 1,924,523,518
1/21/2013 Accounting Presentation 23



(233,225,857) 323,014,064
18,414,687 113,070,792
(2,485,285) 3,790,468)
(217,296,455) 432,294,388
- 1,233,236

Reclassification adjustments
relating to gain realised on
settlement of foreign
currency contracts
Other
comprehensive(loss)/incom
e for the year


Total Comprehensive income
for the year
2012
Rupees
2011
Rupees
(1,233,326) (3,226,886)
1/21/2013 Accounting Presentation 24
(218,529,781) 430,300,828
648,355,51
6
2,354,824,
346
CASH FLOWS FROM OPERATING
ACTIVITES
Cash generated from operations
Staff retirement benefits paid
Finance cost paid
Taxes paid
Workers profit participation fund
paid
Decrease in long term loans
Increase in long term deposits
Net cash generated from
operating activities

2012
Rupees
2011
Rupees
1,882,775,329 2,732,921,491
(23,626,692) (24,144,596)
(443,516,494) (610,294,019)
(172,483,842) (218,892,475)
(122,545,552) (46,781,433)
902,813 177,513
(147,305) (9,572,360)
1,121,358,257 1,823,414,121
1/21/2013 Accounting Presentation 25
CASH FLOWS FROM INVESTING
ACTIVITIES
Fixed capital expenditure
Investment property acquired
Investment in Subsidiary / Associates
Increase in short term investments
Proceeds from sale of short term
investment
Proceeds from disposal of operating
fixed assets
Proceeds from sale of stores and
spares
Dividend and interest income received
Net cash used in investing activities

2012
Rupees
2011
Rupees
(688,838,050) (314,954,805)
- (31,750,000)
(40,000,000) (238,292,520)
(259,250,493) (302,447,090)
142,514,633 105,495,566
14,193,432 37,136,000
550,799 5,175,484
236,631,112 177,036,106
(594,198,567) (562,601,259)
1/21/2013 Accounting Presentation 26
CASH FLOWS FROM
FINANCING ACTIVITIES
Long term finances-
obtained
Long term finances-repaid
Dividend paid
Short term borrowings net
Net cash used in financing
activities
2012
Rupees
2011
Rupees
89,477,000 -
(380,033,002) (840,035,666)
(98,153,765) (29,474,480)
(172,738,635) (354,693,372)
(561,448,635) (1,224,203,518)
1/21/2013 Accounting Presentation 27

Net (decrease)/increase in
cash and cash equivalents
Cash and cash equivalents
- at beginning of the year
Cash and cash equivalents
at end of the year
2012
Rupees
2011
Rupees

(34,288,712)

36,609,344


123,106,010


86,496,666


88,817,298

123,106,010
1/21/2013 Accounting Presentation 28