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Karachi: Power Holding Limited has recently disclosed its financial position as of September 30, 2022, highlighting significant figures in both current and non-current assets and liabilities.
According to the unaudited statement presented, the company showed a total of Rs. 529,393.95 million in non-current assets as of September 2022, a slight decrease from Rs. 553,949.89 million reported in June 2022. The primary component of these assets remains the finance facilities’ principal portion receivable, which has seen a reduction from Rs. 553,943.44 million to Rs. 529,387.81 million.
Current assets increased notably, from Rs. 417,736.25 million in June to Rs. 435,690.83 million in September, driven largely by a significant increase in the current portion of receivables from Rs. 417,486.16 million to Rs. 435,348.51 million.
According to information available from the Pakistan Stock Exchange (PSX), the company’s total assets and liabilities balanced at Rs. 965,084.79 million, maintaining a steady position compared to the previous quarter’s Rs. 971,686.14 million.
In terms of capital, Power Holding Limited’s issued, subscribed, and paid-up capital remained constant at Rs. 15 million. However, the accumulated profit rose from Rs. 223.87 million to Rs. 275.21 million.
The long-term financing liabilities mirrored the principal receivables, indicating a balanced financial strategy with long-term financing reported at Rs. 529,387.81 million. Current liabilities saw an increase primarily due to the rise in markup accrued and other payables, totaling Rs. 435,406.76 million compared to Rs. 417,503.83 million in the previous quarter.
This financial snapshot, set against the backdrop of operational and market challenges, provides a clear view of Power Holding Limited’s financial health and strategic positioning within the industry.