CORPORATE BRIEFING
SESSION 2022
FOR THE PERIOD ENDED SEPTEMBER
30, 2022 , YEAR ENDED JUNE 30, 2022, &
YEAR ENDED JUNE 30,2021
COMPANY OVERVIEW
- Metropolitan Steel Corporation Limited is a Public Limited Company.
- The shares of the Company are quoted on Pakistan Stock Exchange Limited.
- The Company is a manufacturer of steel products such as mild and high carbon steel wires, Spoke wire ,H.T Helical Wire, M/S Wire.
- The registered office of the Company is situated at Landhi Industrial Area, Plot # HE:1/2, Karachi
KEY FINANCIAL
INDICATORS
- Horizontal Analysis of Statement of Financial Position for the period ended September 30, 2022 and Years ended June 30, 2022 and June 30, 2021.
- Horizontal Analysis of Statement of Comprehensive Income for the Year ended June 30, 2022 and June 30, 2021 and briefly overview of the quarter ended as on September 30,2022.
- Vertical Analysis of Statement of Comprehensive Income for the Year ended June 30, 2022 and June 30, 2021.
- And ratio analysis of these same periods.
METROPOLITAN STEEL CORPORATION LIMITED | ||||||||||
HORIZONTAL ANALYSIS OF COMPARATIVE BALANCE SHEETS | ||||||||||
FOR THE YEARS ENDED AS ON | FOR ONE YEAR ONLY | |||||||||
SEPTEMBER 31, | JUNE 30, | JUNE 30, | HORIZONTAL ANALYSIS | |||||||
2022 | 2022 | 2021 | AMOUNT | ---%---- | ||||||
------------------------------ | 000------------------------------- | --000--- | ||||||||
Stores, spares and loose tools | 13,007 | 13,007 | 13,007 | - | 0% | |||||
Stock-in-trade | 54,074 | 52,665 | 54,151 | (1,486) | -3% | |||||
Trade debts | 47,413 | 49,966 | 48,036 | 1,930 | 4% | |||||
Claims recoverable | - | 81,184 | (81,184) | 0% | ||||||
Advances and other receivables | 505 | 430 | 200 | 230 | 115% | |||||
Short term deposits | 15,147 | - | 7,216 | - | 0% | |||||
Short term investments | 8,014 | 8,014 | 8,014 | - | 0% | |||||
Tax refunds due from government - net | 12,073 | 9,684 | 9,869 | (185) | -2% | |||||
Interest receivable | 71 | 71 | 89 | (18) | -20% | |||||
Cash and bank balances | 5,111 | 5,133 | 684 | 4,449 | 650% | |||||
CURRENT ASSETS | 155,414 | 138,969 | 222,450 | |||||||
Property, plant and equipment( FIXED ASSETS) | 778,664 | 782,274 | 796,219 | (13,945) | ||
Long term deposits | 3,209 | 3,209 | 3,209 | - | ||
TOTAL ASSETS | 937,287 | 924,452 | 1,021,878 | |||
-2%
0%
EQUITY AND LIABILITIES
LIABILITIES
Trade and other payables | 15,813 | 15,199 | 20,188 | (4,989) | -25% | ||||
Markup accrued | 3,745 | 3,745 | 3,745 | - | 0% | ||||
Short term borrowings | 12,876 | - | 10,404 | (10,404) | 0% | ||||
Unclaimed dividend | 1,273 | 1,273 | 1,273 | - | 0% | ||||
Over due portion of lease liabilities | 21,338 | 21,338 | 21,338 | - | 0% | ||||
CURRENT LIABILITIES | 55,045 | 41,555 | 56,948 | ||||||
DEFERRED LIABILITIES | 31,298 | 31,809 | 33,962 | (2,153) | -6% | ||||
TOTAL LIABILITIES | 86,343 | 73,364 | 90,910 | ||||||
SHARESHOLDER'S EQUITY | |||||||||
Issued,subscribed and paid up capital | 309,776 | 309,776 | 309,776 | - | 0% | ||||
General Reserve | 80,500 | 80,500 | 80,500 | - | 0% | ||||
Unappropriated (loss)/ profit | (77,826) | (78,933) | (4,323) | (74,610) | 1726% | ||||
Revaluation surplus on Property plant and equipment | 538,493 | 539,745 | 545,015 | (5,270) | -1% | ||||
TOTAL SHAREHOLDERS'S EQUITY | 850,943 | 851,088 | 930,968 | ||||||
L LIABILITIES & SHAREHOLDERS'S EQUITY
937,287
924,452
1,021,878
METROPOLITAN STEEL CORPORATION LIMITED | ||||||||||
HORIZONTAL ANALYSIS OF COMPARATIVE INCOME STATEMENT | ||||||||||
FOR THE YEARS ENDED AS ON | ||||||||||
METROPOLITAN STEEL CORPORATION LIMITED | ||||||||||
HORIZONTAL ANALYSIS OF COMPARATIVE INCOME STATEMENT | ||||||||||
FOR THE YEARS ENDED AS ON | ||||||||||
HORIZONTAL | ||||||||||
SEPTEMBER | JUNE 30, | JUNE 30, | ANALYSIS JUNE 2022 | |||||||
Description | ||||||||||
2022 | 2022 | 2021 | ---%---- | |||||||
------------------------------000------------------------------- | ||||||||||
Sales - net | 7,351 | 100,734 | 92,671 | 9% | ||||||
Cost of goods sold( excluding depreciation) | (2,734) | (103,342) | (68,677) | 50% | ||||||
Depreciation Expense | (3,561) | (15,042) | (12,490) | 20% | ||||||
Gross (Loss)/ profit | 1,055 | (17,650) | 11,504 | -253% | ||||||
Administrative expenses | (1,715) | (6,666) | (5,280) | 26% | ||||||
Selling and distribution expenses | (101) | (419) | (366) | 14% | ||||||
Finance cost | (40) | (69) | (57) | 21% | ||||||
Other charges | - | (81,184) | (7,589) | -100% | ||||||
Other income | 252 | 26,140 | 2,859 | 814% | ||||||
Taxation | 404 | (32) | 774 | -104% | ||||||
NET (LOSS)/ PROFIT FOR THE YEAR | (145) | (79,880) | 1,845 | 498% | ||||||
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Metropolitan Steel Corp Ltd. published this content on 02 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 January 2023 08:37:00 UTC.