Data Agro : Transmission of Qurterly Reports for the Period Ended 31-03-2023

Adjacent Sector A, Phase 8, DHA,	Suite 5, The Polo Residence, Opp.
Lahore.	Allama
	Iqbal International Airport,

INTERIM CONDENSED

FINANCIAL STATEMENTS FOR THE QUARTER AND NINE MONTHS PERIOD ENDED MARCH 31, 2023 (UN-AUDITED)

DIRECTOR REPORT

On behalf of the management of the company, I am presenting the quarterly un-audited accounts for the period ended March 31, 2023.

The results for the last nine months show a profit before tax is Rs. 11.753 million (March 2022: Rs. 14.063 million). Turnover for the period is Rs. 130.269 million (March. 2022: Rs. 142.777 million) and earning per share Rs. 2.09 each (March 2022: Rs. 2.47).

There is a slight decrease in sales of seeds due to uncertainty in the market and change of trend of formers in other crops.

We are opting for third party contract production and reducing self cultivation for production of hybrids seeds. This will reduce cost of production and increase the volume of production of different seeds. Currently we are busy in delinting of third party cotton seed.

The management and sponsors are fully behind the project and assure the shareholders of all our efforts to make this venture a success.

Faaiz Rahim Khan	Tariq Mahmood Hassan Butt
(Chief Executive)	Director

April 27, 2023

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Faaiz Rahim Khan	Tariq Mahmood Hassan Butt
(Chief Executive)	Director

April 27, 2023

CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED)

FOR THE NINE MONTHS AS AT MARCH 31, 2023

UN-AUDITEDAUDITED

31-03-202330-06-2022

CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED)

FOR THE NINE MONTHS AS AT MARCH 31, 2023

EQUITY & LIABILITIES

SHARE CAPITAL AND RESERVE

SHARE CAPITAL

Authorised Share Capital

(2022: 5,000,000)

Issued subscribed and paid-up share capital

50,000,000 50,000,000

Nine month period ended	Quarter ended
31-03-202331-03-2022		01-01-2023	01-01-2022
				to		to
				31-03-2023	31-03-2022

4,000,000 (2022: 4,000,000) ordinary shares of Rs.10/- each, fully paid in cash consideration

SHARE CAPITAL AND RESERVES

Share capital

Surplus on revaluation of property, plant and equipment Revenue reserves

NON-CURRENT LIABILITIES

Loan from director

CURRENT LIABILITIES

Loan from director

Short term financing

Mark up payable

Trade and other payables

Provision for taxation

CONTINGENCIES AND COMMITMENTS

TOTAL EQUITY AND LIABILITIES

NON - CURRENT ASSETS

CURRENT ASSETS

Trade debts-unsecured

Loans and advances-unsecured

Trade deposits and short term prepayments

Tax refunds due from the Government

Cash and bank balances

40,000,000 40,000,000

73,673,798 77,961,659

65,826,955 53,193,900

179,500,753 171,155,559

24,378,943 24,378,943

38,942,385 37,361,648

63,321,328 61,740,591

• 2,000,000
  29,503,317-
  701,492-
  19,002,191 17,470,980
  3,341,228 4,338,734

52,548,228	23,809,714
-	-
295,370,308		256,705,863

109,226,443 115,644,936

7,571,238 6,244,579

90,332,720 52,324,564

61,757,069 56,155,044

12,021,931 5,154,487

8,618,867 5,821,276

293,769 705,465

5,548,271 14,655,512

186,143,865 141,060,927

Turnover	130,269,095	142,777,666
Cost of sales	97,287,037	109,198,234
	32,982,058	33,579,432
Administrative Expenses	15,183,522	12,828,679
Selling and distribution	8,373,400	5,969,246
	23,556,922	18,797,925
	9,425,136	14,781,507
Finance cost	902,257	971,892
	8,522,879	13,809,615
Other income	3,230,914	254,070
	11,753,793	14,063,685
Provision for taxation	3,408,600	4,193,468
	8,345,193	9,870,217
Earning/(loss) per
share basic and diluted	2.09	2.47

61,784,927

34,628,981

27,155,946

4,736,381

3,854,193

8,590,574

18,565,372

889,117

17,676,255

1,084,307

18,760,562

2,552,548

16,208,014

4.05

55,180,581

34,626,468

20,554,113

4,653,596

2,070,552

6,724,148

13,829,965

938,981

12,890,984

74,980

12,965,964

827,709

12,138,255

3.03

295,370,308 256,705,863

CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME

FOR THE NINE MONTHS AS AT MARCH 31, 2023

Nine month period ended Quarter ended

31-03-202331-03-2022	01-01-2023	01-01-2022
				to		to
				31-03-2023	31-03-2022

CONDENSED INTERIM STATEMENT OF CASH FLOW (UN-AUDITED)

FOR THE NINE MONTH AS AT MARCH 31, 2023

Nine month ended

UN-AUDITEDUN-AUDITED

31-03-202331-03-2022

PROFIT AFTER TAXATION	8,345,193	9,870,217		16,208,014	12,138,255
Other comprehensive income for the period
Items that may be reclassfied subsequently to profit or loss:	-	-		-	-
Items that will not be subsequently reclassfied to profit or loss:
Remeasurement of retirement benefit		-	-		-	-
Total comprehensive income for the year	8,345,193		9,870,217		16,208,014		12,138,255

Profit before tax

Adjustments for:

Depreciation

Financial charges

Provision for gratuity

Operating profit/(loss) before working capital changes

Working capital changes:

Trade debtors

Trade deposits and short term prepayments

Trade and other payables

Workers profit participation fund paid

Workers welfare fund paid

Gratuity paid

Net cash flow from/(utilized in) operating activities

A

11,753,793

7,068,493

902,257

2,122,387

21,846,930

(1,326,659)

(38,008,156)

(5,602,025)

(6,867,444)

(2,797,591)

(54,601,875)

2,839,503

(29,915,442)

(200,766)

(541,650)

(1,028,581)

(279,712)

(3,994,410)

(6,045,119)

(35,960,560)

14,063,685

5,605,554

51,892

1,944,940

21,666,071

3,101,553

(2,853,121)

5,877,629

(1,946,452)

(1,015,928)

3,163,678

(3,845,985)

20,983,764

(51,892)

(666,302)

(562,724)

(822,917)

(4,756,336)

(6,860,170)

14,123,594

Nine month ended

UN-AUDITEDUN-AUDITED

31-03-202331-03-2022

B	(650,000)	(2,653,500)
Net cash flow from/(utilized in) investing activities	(650,000)			(2,653,500)
		29,503,317	-
Short term financing
Loan from director	(2,000,000)	(11,000,000)
Net cash flow from/(utilized in) financing activities C	27,503,317		(11,000,000)

FOR THE NINE MONTH AS AT MARCH 31, 2023

Net Increase/ (decrease) in cash & cash equivalents A+B+C

Cash and cash equivalents at the beginning of the year

Cash and cash equivalents at the end of the period

Cash andcash equivalents

Cash in hand

Cash at bank

(9,107,241)

14,655,512

5,548,271

1,944,487

3,603,784

5,548,271

470,094

5,530,531

6,000,625

1,362,751

4,637,874

6,000,625

come/(loss)