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LANDMARK SPINNING INDUSTRIES LIMITED.
CASH FLOW STATEMENT
FOR THE YEAR ENDED JUNE 30,  2006
						for the year		for the period
						Ended June 30,		Ended June 30,
					NOTE	2006		2005
A. CASH FLOW FROM OPERATING ACTIVITIES						RUPEES
( Loss) before taxation						(15,710,990)		(43,579,244)
Adjustment of non-fund items:
Pre-Production Expenses-Amortised/Adjusted						72,082,953		43,249,772
Depreciation						8,807		7,252
Financial Charges						2,252		2,793
						72,094,012		43,254,231
						56,383,023		(325,013)
Working capital charges
(INCREASE)/DECREASE IN CURRENT ASSETS:
Loan and Advance						51,188		-
Deposits and Prepayments						-		-
						51,188		-
INCREASE/(DECREASE) IN CURRENT LIABILITIES:
Repayment of Short Term Cash Finance						-		-
Trade and Other Payables						(1,853,382)		(4,716,372)
						(1,853,382)		(4,716,372)
						54,580,829		(5,041,385)
Financial Cost Paid						(2,252)		(2,793)
NET CASH GENERATED FROM OPERATING ACTIVITIES						54,578,577		(5,038,592)
B. CASH FLOW FROM INVESTING ACTIVITIES
Long term deposits						-		-
NET CASH GENERATED FROM IN INVESTING ACTIVITIES						-		-
C. CASH FLOW FROM FINANCING ACTIVITIES
Long term loans						2,413,370		28,648,797
Waiver of loan/markup/ Repayment of Long Term Finance						(56,998,586)		(23,610,999)
Net cash flow from  investing activities						(54,585,216)		5,037,798
NET INCREASE/(DECREASE) IN CASH & BANK BALANCES  (A+B+C)						(6,640)		(794)
Cash and bank balances at the beginning of the year						80,434		81,228
CASH AND BANK BALANCES AT THE END OF THE YEAR					12.	73,794		80,434
The annexed notes form an integral part of these account
Note: Current period's figures are for the whole year, previous year's figures are for the nine months.
AKBAR ALI HASHWANI					AMIN A. HASHWANI
(Chief Executive)					(Director)
Karachi
Dated:
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