half yearly

report

december 31

2021

At Maple Leaf we connect black as a colour of creativity, it's poetic. As a leader we must be creative and encourage the creativity and innovation of our team members too. Nothing is purer than something completely black-a blanket of spirituality comes to mind. Maple Leaf Cement sees the world in situational shades of black rather than as a completely black and white world.

When things are in black, there is a finality and a commitment to us. As a leader our intentions must be pure, our ethics must be in check, and we must be as transparent to others in our thoughts and actions as possible. As leaders we are committed, hold firm to commitments and lead from that foundation. That commitment level makes things clearer for us from darkness.

Therefore easier for us to lead and more consistent for others resulting black consciousness which is an attitude of the mind and a way of life, the most positive call to emanate from the new corporate world because stars can't shine without darkness.

CONTENTS

CONDENSED INTERIM UNCONSOLIDATED FINANCIAL STATEMENTS

Company Information...........................................................................................

2

Directors' Review.................................................................................................

4

Independent Auditor's Review Report...................................................................

7

Condensed Interim Unconsolidated Statement of Financial Position.....................

8

Condensed Interim Unconsolidated Statement of Profit or Loss ........................

10

Condensed Interim Unconsolidated Statement of Comprehensive Income.........

11

Condensed Interim Unconsolidated Statement of Cash Flows............................

12

Condensed Interim Unconsolidated Statement of Changes in Equity..................

13

Selected Explanatory Notes to the Condensed Interim Unconsolidated

Financial Statements.......................................................................................

14

CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

Directors' Review...............................................................................................

35

Condensed Interim Consolidated Statement of Financial Position.......................

36

Condensed Interim Consolidated Statement of Profit or Loss.............................

38

Condensed Interim Consolidated Statement of Comprehensive Income.............

39

Condensed Interim Consolidated Statement of Cash Flows...............................

40

Condensed Interim Consolidated Statement of Changes in Equity.....................

41

Selected Explanatory Notes to the Condensed Interim

Consolidated Financial Statements..................................................................

42

Half Yearly Report 2021 1

COMPANY INFORMATION

Board of Directors

Mr. Tariq Sayeed Saigol

Chairman

Mr. Sayeed Tariq Saigol

Chief Executive

Mr. Taufique Sayeed Saigol

Mr. Waleed Tariq Saigol

Mr. Danial Taufique Saigol

Ms. Jahanara Saigol

Mr. Shafiq Ahmed Khan

Mr. Zulfikar Monnoo

Syed Mohsin Raza Naqvi

Executive Directors

Mr. Sohail Sadiq

Finance

Mr. Yahya Hamid

Marketing

Audit Committee

Mr. Shafiq Ahmed Khan

Chairman

Mr. Zulfikar Monnoo

Member

Mr. Waleed Tariq Saigol

Member

Mr. Danial Taufique Saigol

Member

Human Resource & Remuneration Committee

Mr. Shafiq Ahmed Khan

Chairman

Mr. Zulfikar Monnoo

Member

Mr. Danial Taufique Saigol

Member

Chief Financial Officer

Syed Mohsin Raza Naqvi

Company Secretary

Mr. Muhammad Ashraf

Chief Internal Auditor

Mr. Zeeshan Malik Bhutta

Bankers of the Company

Allied Bank Limited

Askari Bank Limited

Bank Alfalah Limited

Bank Al-Habib Limited

BankIslami Pakistan Limited

Albaraka Bank (Pakistan) Limited

Dubai Islamic Bank Limited

Faysal Bank Limited

FINCA Microfinance Bank Limited

Habib Bank Limited

Habib Metropolitan Bank Limited

MCB Bank Limited

MCB Islamic Bank Limited

Meezan Bank Limited

National Bank of Pakistan

2 Maple Leaf Cement Factory Limited

PAIR Investment Company Limited

Samba Bank Limited

Silk Bank Limited

Soneri Bank Limited

Standard Chartered Bank (Pakistan) Limited

Summit Bank Limited

The Bank of Punjab

U Microfinance Bank Limited

United Bank Limited

Auditors

KPMG Taseer Hadi & Co.

Chartered Accountants

351 Shadman-1, Jail Road, Lahore, Pakistan.

Tel: +92 42 111-KPMGTH (576484)

Fax: +92 42 37429907

Legal Adviser

Mr. Abdul Rehman Qureshi

Advocate High Court

Registered Office

42-Lawrence Road, Lahore. Phone: +92 42 36278904-5 Fax: +92 42 36368721 E-mail: mohsin.naqvi@kmlg.com

Factory

Iskanderabad, District: Mianwali

Phone: +92 459 392237-8

Call Centre (24 / 7) 0800-41111

Share Registrar

Vision Consulting Ltd

Head Office: 3-C, LDA Flats, First Floor,

Lawrence Road, Lahore

Phone: +92 42 36283096-97

Fax: +92 42 36312550

E-mail: shares@vcl.com.pk

Company Website

www.kmlg.com

Note

MLCFL's Financial Statements are also available at the above website.

Half Yearly Report 2021 3

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Maple Leaf Cement Factory Limited published this content on 25 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 10:01:01 UTC.