The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements...

45
The Hub Power Company Limited Unaudited Financial Statements for the Quarterended March 31, 2017 1 of 45

Transcript of The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements...

Page 1: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

                             

 

 

 

  

The Hub Power Company Limited 

 

 

Unaudited Financial Statements 

for the Quarter‐ended 

March 31, 2017 

 

 

 

 

 

 

 

 

 

1 of 45

Page 2: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

Contents  

 The Hub Power Company Limited                Page        

 Company Information                        3  Directors’ Report English                       6  Directors’ Report Urdu                        11    Condensed Interim Unconsolidated Profit & Loss Account               15    Condensed Interim Unconsolidated Statement of Comprehensive Income          16    Condensed Interim Unconsolidated Balance Sheet                 17    Condensed Interim Unconsolidated Cash Flow Statement               18    Condensed Interim Unconsolidated Statement of Changes in Equity            19    Notes to the Condensed Interim Unconsolidated Financial Statements             20  

 

The Hub Power Company Limited and its Subsidiary Company 

 Condensed Interim Consolidated Profit & Loss Account                   31    Condensed Interim Consolidated Statement of Comprehensive Income               32  Condensed Interim Consolidated Balance Sheet                     33  Condensed Interim Consolidated Cash Flow Statement                      34  Condensed Interim Consolidated Statement of Changes in Equity               35  Notes to the Condensed Interim Consolidated Financial Statements               36          

2 of 45

Page 3: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

Company Information  

 Board of Directors      Hussain Dawood    Chairman 

Khalid Mansoor     Chief Executive 

  Andalib Alavi                                                               

  Syed Muhammad Ali 

  Iqbal Alimohamed 

  Abdul Samad Dawood 

  Shahzada Dawood                                                   

  Shahid Ghaffar                                                          

  Qaiser Javed 

Shoaib Mir      GOB Nominee            

  Ruhail Mohammed 

  Muhammad Waseem Mukhtar                         

  Owais Shahid                                                              

  Inam Ur Rahman  

 

Audit Committee      Iqbal Alimohamed    Chairman 

Andalib Alavi 

Shahid Ghaffar 

Qaiser Javed      

Shoaib Mir 

Owais Shahid 

Ruhail Mohammed 

 Company Secretary      Shamsul Islam  Management Committee    Khalid Mansoor 

Tahir Jawaid 

Abdul Nasir 

Nazoor Baig 

3 of 45

Page 4: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

Syed Hasnain Haider 

Saleemullah Memon 

Shamsul Islam 

M. Inam Ur Rehman Siddiqui   

Farrukh Rasheed     

   Registered & Head      11th Floor, Ocean Tower          Office          Block‐9, Main Clifton Road, Karachi                            Email:  [email protected]           Website: http://www.hubpower.com  

Principal Bankers                         Allied Bank of Pakistan 

Askari Bank Limited 

Bank Alfalah Limited 

Bank Al‐Habib Limited 

Bank Islami Pakistan Limited 

Bank of Punjab 

Burj Bank Limited 

Citibank N.A. Pakistan 

Dubai Islamic Bank Pakistan Limited  

Faysal Bank Limited 

Habib Bank Limited 

Habib Metropolitan Bank Limited 

Industrial & Commercial Bank of China 

MCB Bank Limited 

Meezan Bank Limited 

National Bank of Pakistan 

NIB Bank Limited 

Pak Brunei Investment Company Limited 

Pak China Investment Company Limited 

Samba Bank Limited 

4 of 45

Page 5: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

Standard Chartered Bank (Pakistan) Ltd. 

Sumitomo Mitsui Banking Corp. Europe Ltd, London 

United Bank Limited 

   

Inter‐Creditor Agents                               Habib Bank Limited 

          Allied Bank Limited 

          NIB Bank Limited                                                           

 Legal Advisors        RIAA Barker Gillette       

                  Auditors        EY Ford Rhodes, Chartered Accountants   Registrar        FAMCO Associates (Pvt) Limited   

Hub Plant        Mouza Kund, 

          Post Office Gaddani, 

          District Lasbela, Balochistan 

 

Narowal Plant        Mouza Poong, 

          5 KM from Luban Pulli Point on Mureedkay‐Narowal 

          Road, District Narowal, Punjab 

 

Laraib Energy Limited      12‐B/1, Multi Mansion Plaza, 

(Subsidiary)        G‐8, Markaz, Islamabad 

5 of 45

Page 6: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

6 of 45

Page 7: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

7 of 45

Page 8: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

8 of 45

Page 9: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

9 of 45

Page 10: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

10 of 45

Page 11: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

11 of 45

Page 12: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

12 of 45

Page 13: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

13 of 45

Page 14: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

14 of 45

Page 15: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

15 of 45

Page 16: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

16 of 45

Page 17: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

17 of 45

Page 18: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

18 of 45

Page 19: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

19 of 45

Page 20: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

20 of 45

Page 21: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

21 of 45

Page 22: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

22 of 45

Page 23: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

23 of 45

Page 24: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

24 of 45

Page 25: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

25 of 45

Page 26: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

26 of 45

Page 27: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

27 of 45

Page 28: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

28 of 45

Page 29: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

29 of 45

Page 30: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

30 of 45

Page 31: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

31 of 45

Page 32: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

32 of 45

Page 33: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

33 of 45

Page 34: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

34 of 45

Page 35: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

35 of 45

Page 36: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

36 of 45

Page 37: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

37 of 45

Page 38: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

38 of 45

Page 39: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

39 of 45

Page 40: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

40 of 45

Page 41: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

41 of 45

Page 42: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

42 of 45

Page 43: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

43 of 45

Page 44: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

44 of 45

Page 45: The Hub Power - Pakistan Stock Exchange The Hub Power Company Limited Unaudited Financial Statements for the Quarter‐ended March 31, 2017 1 of 45

45 of 45