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Lahore, S.S. Oil Mills Limited disclosed its condensed interim statement of financial position for the period ending March 31, 2024. The unaudited report, compared with the audited figures from June 30, 2023, shows the company’s total assets increased to Rs 3,545,398,095 from Rs 2,737,948,542 in the previous year.
The company’s total liabilities and equity matched the increase in assets, also amounting to Rs 3,545,398,095, up from Rs 2,737,948,542 as of June 2023. The financial statement details capital and reserves, including issued capital at 7,000,000 ordinary shares, amounting to Rs 872,694,660, and a surplus on revaluation of fixed assets recorded at Rs 2,669,359,788.
S.S. Oil Mills’ non-current liabilities include a long-term loan of Rs 35,400,942 and lease liabilities totaling Rs 1,588,415,460. The company’s current liabilities, consisting of creditors, accrued expenses, and short-term borrowings, summed up to Rs 752,187,617.
Current assets, including stocks in trade and trade debtors, were valued at Rs 41,458,753 and Rs 166,175,239, respectively, while cash and bank balances stood at Rs 251,897,016.