ABOUT THIS REPORT
The | Khyber Tobacco | Company | and internal control frameworks. | Chairman's | Review, | Directors' | |||||||||||||||||||
(KHTCL) Annual Report 2022 (the | Our | value | creating | business | Report, | Audit | Committee's | ||||||||||||||||||
Report) integrates | the | following | model supported by the outputs, | Report, Report on Compliance of | |||||||||||||||||||||
sections: | outcomes and impacts of various | Code of Corporate Governance | |||||||||||||||||||||||
• | Company Overview | forms | of | capitals | associated | (CCG), | and | other | information | ||||||||||||||||
with | business | activities, | and | contained in this Report have been | |||||||||||||||||||||
• | Chairman Reviews | ||||||||||||||||||||||||
how we look forward towards | structured in compliance with the | ||||||||||||||||||||||||
• | Directors' Report | business opportunities, has also | requirements of Companies Act | ||||||||||||||||||||||
• | Chairman Audit Committee | been explained. The Board has | 2017, | CCG, | Listing | Regulations | |||||||||||||||||||
Report | endorsed | and | authorized | the | of the Pakistan Stock Exchange | ||||||||||||||||||||
• | Statement of Compliance | release of their report on October | (PSX) | and | other | local | and | ||||||||||||||||||
08, 2022. | international | good | governance | ||||||||||||||||||||||
with CCG | |||||||||||||||||||||||||
practices as promoted by ICAP / | |||||||||||||||||||||||||
• | Standalone Financial | SCOPE AND BOUNDARY | |||||||||||||||||||||||
ICMAP, and PSX etc. | |||||||||||||||||||||||||
Statements | |||||||||||||||||||||||||
• | Consolidated Financial | Our Report covers the period | FORWARD LOOKING | ||||||||||||||||||||||
Statements | from July 1, 2021 to June 30, 2022 | ||||||||||||||||||||||||
• | Shareholders' Information | and subsequent events up to the | STATEMENT | ||||||||||||||||||||||
The Report is structured to assist | issuance of this report have also | This | Report | includes | 'Forward | ||||||||||||||||||||
been explained in various sections | Looking | Statement' | which | ||||||||||||||||||||||
our | readers | in | assessing | our | |||||||||||||||||||||
of | the Report. Operational | and | addresses | our | expected | ||||||||||||||||||||
business by providing information | |||||||||||||||||||||||||
financial analyses and reviews are | future | business | and | financial | |||||||||||||||||||||
about state of affairs, performance | |||||||||||||||||||||||||
carried out by extracting financial | performance / condition, sources | ||||||||||||||||||||||||
and the outlook of KHTCL. It fairly | |||||||||||||||||||||||||
information | from the Audited | of | information and | assumption | |||||||||||||||||||||
addresses | the material matters | ||||||||||||||||||||||||
Financial Statements for the year | used | for | projections / | forecasts | |||||||||||||||||||||
pertaining | to | the long | term | ||||||||||||||||||||||
ended June 30, 2022 with relevant | and our future course of action to | ||||||||||||||||||||||||
sustainability | of | the | Company | ||||||||||||||||||||||
comparative information. | The | manage the risks and capitalize | |||||||||||||||||||||||
and | its integrated | performance. | |||||||||||||||||||||||
Financial Statements consistently | on | opportunities | (known | and | |||||||||||||||||||||
This | Report | comprises | of | ||||||||||||||||||||||
comply with the requirements of: | unknown). | Such | statements | ||||||||||||||||||||||
strategic and | operational review | ||||||||||||||||||||||||
• | International Financial | are | valid only for | the date of | |||||||||||||||||||||
by the Board of Directors which | |||||||||||||||||||||||||
publication. | |||||||||||||||||||||||||
encompasses | financial reviews | Reporting Standards (IFRS) | |||||||||||||||||||||||
and | analyses, | overview | of | • | Companies | Act, | 2017 | and | |||||||||||||||||
governance, | risk | management | other applicable regulations | ||||||||||||||||||||||
EXTERNAL ASSURANCES / REVIEWS | |||||||||||||||||||||||||
Description of the Report | External Reviews / Assurances | ||||||||||||||||||||||||
Review Report on the Statement of Compliance with the Code of Corporate Governance | Yousuf Adil Chartered Accountants | ||||||||||||||||||||||||
Independent Auditor's Report on the Audit of Financial Statements | Yousuf Adil Chartered Accountants | ||||||||||||||||||||||||
Entity Credit Rating | VIS Credit Rating Company Limited | ||||||||||||||||||||||||
Khyber Tobacco Company Limited | 1 |
CONTENTS
COMPANY'S OBJECTIVES | 04 |
Financial Highlights | 6 |
Vision - Mission | |
Core Values | 8 |
Corporate Information | |
Statement of Ethics & Business Practices | |
Policies | |
Other Corporate Governance | |
SWOT Analysis | |
DIRECTORS' REPORT | |
Chairman's Review | 18 |
Directors' Report | 20 |
Directors' Report (Urdu) | 49 |
Achievements & Certification | |
Statement of Compliance | 74 |
Calendar of Major Event | 75 |
Assurance Report On Statement | |
of Free Float Shares | |
Notice of Annual General Meeting (AGM) | 69 |
FINANCIAL PERFORMANCE OF | |
SIX YEARS & VALUE ADDITION | |
Graphical Analysis | |
Vertical Analysis | 82 |
Horizontal Analysis | 80 |
Financial Performance | |
Other Statements | |
Quarterly Analysis | |
Statement of Value Addition | 84 |
FINANCIAL STATEMENTS | |
Independent Auditor's Review Report | 86 |
Independent Auditor's Report | 87 |
Statement of Financial Position | 92 |
Statement of Profit or Loss | 94 |
Statement of Comprehensive Income | 95 |
Statement of Cash Flows | 96 |
Statement of Change in Equity | 98 |
Notes to the Financial Statements | 99 |
PATTERN OF | |
SHAREHOLDING | 231 |
CDC Nominee Holdings | 86 |
Form of Proxy
Proxy Form (Urdu)
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Khyber Tobacco Company Ltd. published this content on 12 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2022 04:41:02 UTC.