DATA AGRO LIMITE : DATA AGRO LIMITED

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

INTERIM CONDENSED

FINANCIAL STATEMENTS

FOR THE QUARTER ENDED

SEPTEMBER 30, 2022

(UN-AUDITED)

121

On behalf of the management of the company, I am pleased to present the quarterly un-audited accounts for the period ended September 30, 2022.

The results for the last three months show a profit of Rs. 5.620 million (Sep. 2021: profit of Rs. 6.014 million).Sales for the period were Rs. 56.286 (Sep. 2021: Rs. 51.728 million).

In the quarter under review the results indicate an increase in sale as compared to last year quarter which is very encouraging for the management. We hope this trend will follow as significant role in our future business plans.

We were busy in the production of Hybrid Corn Seed. Next production of our hybrid corn seed is due in November 2022 and we are introducing new products of Hybrid corn and vegetable seeds.

We are quite pleased with commercial seed production of our	11
Hybrids	D3464,	D4464,	2468,	and 3377. The cost of
3366,2

production of these hybrids seeds is very competitive and will add to the profitability of the company.We are also exploring the avenues of business of hybrid vegetable seeds. We are trying to sources these products from other countries of the world. Our policy of delinting of third party cotton seeds will also continue.

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

Lahore	Tariq M.H. Butt
October 28, 2022	Director

Shahzad Ullah Khan

Salim Husain

Tariq M. H. Butt

Saad Rahim Khan

Anwar-ul-Haq

Saman Ghazi Khan

Mr. Suhail Mehmood

Mr. Tariq M. H. Butt (Chairman)

Salim Husain

Saad Rahim Khan

M/s. Ashtar Ali &10Associates

M/s. Rafaqat Mansha Mohsin Dossani Masoom & Co. Chartered Accountants

3rd Floor, Sharjah Center,

62-Shadman Market Lahore.

Habib Bank Limited

Allied Bank Limited

The Bank of Punjab

MCB Bank Limited

Suite 5, The Polo Residence,

Opp. Allama Iqbal International Airport, Adjacent Sector A, Phase 8, DHA, Lahore.

	5.620
56.286	6.014

51.728

3

Lahore	28	Tariq M.H. Butt
2022	Director

CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED)

FOR THE QUARTER ENDED SEPTEMBER 30, 2022

UN-AUDITED AUDITED

30-09-202230-06-2022

The company was initially incorporated as a private limited company in Pakistan under the repealed Companies Ordinance, 1984 (Repealed with

EQUITY & LIABILITIES

SHARE CAPITAL AND RESERVE

SHARE CAPITAL

Authorised Share Capital

(2022: 5,000,000)

Issued subscribed and paid-up share capital

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

Trade and other payables

Provision for taxation

CONTINGENCIES AND COMMITMENTS

TOTAL EQUITY AND LIABILITIES

NON - CURRENT ASSETS

CURRENT ASSETS

Stores, spare parts and loose tools

Trade debts

Loans and advances

Trade deposits and short term prepayments

Tax refunds due from the Government

Cash and bank balances

50,000,000 50,000,000

	40,000,000		40,000,000
	76,532,372		77,961,659
	60,243,335		53,193,900
	176,775,707		171,155,558
	24,378,943		24,378,943
	37,688,066		37,361,648
	62,067,009		61,740,591
1,000,000	2,000,000
424,476,3396,634,287		17,470,9804,338,734
	32,110,626		23,809,714
-	-
	270,953,342		256,705,863
113,309,271	115,644,936
	7,371,027		6,244,579
	49,840,711		52,324,564
	61,639,104		56,155,044
	9,740,006		5,154,487
	11,592,969		5,821,276
	753,997		705,465
	16,706,257		14,655,512
	157,644,071		141,060,927

the enactment of Companies Act, 2017 on May 30,2017) on November 10, 1992 having registration # 0028858 and was converted into a public limited company on March 06, 1994. The company is listed on Pakistan Stock Exchanges. The principal activity of the company is production, processing and grading of agro seeds. The registered office of the company is Suite 5, The Polo Residence, Opposite Allama Iqbal International Airport, Adjacent Sector A, Phase 8, DHA, Lahore and principal place of business is at 8-Km Kabirwala road, Khanewal.

1. These accounts are un-audited and have been comply with the requirements of the Section 237 of the Companies Act 2017.
2. Accounting policies adapted for the preparation of these accounts are the same as those adopted in the preparation of preceding annual accounts of the comapny.
3. Amounts set aside in these accounts for the taxation are provisional. Final liability will be determined on the basis of annual results.
4. Cash Flow Statement and Statement of Changes in Equity has been disclosed as per requirement of the IAS34.
5. Where necessary previous period figure have been re-arranged for the purpose of fair comparison. However, no material re-arrangement has been made in these accounts.

270,953,342 256,705,863

FOR THE QUARTER ENDED SEPTEMBER 30, 2022

2

CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED)

FOR THE QUARTER ENDED SEPTEMBER 30, 2022

Quarter ended

30-09-202230-06-2022

Revenue	56,286,440	51,728,065
Cost of sales		40,623,091		36,809,085
	15,663,349	14,918,980
Administrative expenses
	5,544,877		4,368,386
Distribution cost		2,608,586		2,082,955
	8,153,463	6,451,341
	7,509,886	8,467,640
Finance cost			3,608		17,105
	7,506,278	8,450,535
Other income	5
	409,422		21,090
	7,915,700	8,471,625
Provision for taxation		2,295,553		2,456,771
	5,620,147	6,014,853
Earning/(loss) per
share basic and diluted			1.41		1.50

The annexed notes from 1 to 2 form an integral part of these financial statements.