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LANDMARK SPINNING INDUSTRIES LIMITED
BALANCE  SHEET
AS AT JUNE 30, 2006.
						June 30,				June  30,
						2006				2005
				Note		RUPEES
NON CURRENT ASSETS
FIXED ASSETS
Property, Plant and Equipments -( At Cost				7.		152,870,161				152,878,968
less Accumulated Depreciation)
LONG TERM DEPOSITS				8.		50,000				50,000
UN-ALLOCATED
PRE-PRODUCTION EXPENSES				9.		-				72,082,953
CURRENT ASSETS
Loan and Advances				10.		271,488				322,676
Trade Deposits and Prepayments				11.		474,980				474,980
Cash and Bank Balances				12.		73,794				80,434
						820,262				878,090
CURRENT LIABILITIES
Current Maturity of Long Term Finance						-				54,012,252
Trade and Other Payables				13.		1,731,882				3,585,264
Provision for Taxation						232,800				232,800
						1,964,682				57,830,316
						(1,144,420)				(56,952,226)
CONTINGENCIES AND COMMITMENTS				14.
						151,775,742				168,059,695
SHAREHOLDERS EQUITY AND LIABILITIES
SHARE CAPITAL
AUTHORISED CAPITAL
15,000,000 (2005: Rs. 15,000,000) Ordinary
Shares of Rs.10/-each						150,000,000				150,000,000
ISSUED SUBSCRIBED & PAID UP CAPITAL
12,123,700 (2005: 12,123,700) Ordinary Shares
of Rs. 10/- each fully paid in cash				15.		121,237,000				121,237,000
Accumulated Loss						(166,509,725)				(150,798,735)
						(45,272,725)				(29,561,735)
NON CURRENT LIABILITIES
LONG TERM FINANCE - Secured				16.		-				2,986,334
LONG TERM LOANS - Unsecured, Interest Free				17.		197,048,466				194,635,096
						151,775,742				168,059,695
The annexed notes form an integral part of these financial statements.
AKBER ALI HASHWANI						AMIN A. HASHWANI
(Chief Executive)						(Director)
Karachi
Dated:
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