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| LANDMARK SPINNING INDUSTRIES LTD. | |||||||||||
| PERIOD ENDED 30TH SEPTEMBER 2005 | |||||||||||
| 1 | SELECTED EXPLANATORY NOTES TO THE ACCOUNTS | ||||||||||
| 1.1 | These interim accounts have been prepared in accordance with the requirements of International | ||||||||||
| Accounting Standard- 34 (IAS-34) "Interim Financial Reporting" and being submitted to Shareholders | |||||||||||
| as required under section 245 of the Companies Ordinance, 1984. | |||||||||||
| 1.2 | The accounting policies adopted for the preparation of these accounts are the same as | ||||||||||
| those applied in the preparation of the accounts for the preceding Period ended | |||||||||||
| June 30,2005. | |||||||||||
| 1.3 | In terms of company's policy, the Unallocated Pre-Production expenses are to be equally | ||||||||||
| amortized over five (5 )years . | |||||||||||
| 1.4 | No Depreciation on Assets except a Hut at Sandspit ( Lease hold) and Vehical has been | ||||||||||
| charged during the period as their has been no production activity during the period under review | |||||||||||
| 2 | GENERAL | ||||||||||
| 2.1 | These financial statements were authorized for issue on October 29,2005 by the Board of Directors of the Company. | ||||||||||
| 2.2 | Figures have been rounded off to the nearest of Rupee. | ||||||||||
| 2.3 | The members are requested to kindly send to the company their copies of National Inentity Card | ||||||||||
| Akber Ali Hashwani | Amin A.Hashwani | ||||||||||
| Chief Executive | Director | ||||||||||
| DATED:OCTOBER 29,2005 | |||||||||||
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