Maple Leaf Cement: Transmission of the quarterly report for the period ended 03.31.2022

report

3rd trimester

March, 31st

2022

At Maple Leaf we connect black as a color of creativity, it’s poetic. As a leader, we must be creative and also encourage the creativity and innovation of our team members. Nothing is purer than something completely black – a blanket of spirituality comes to mind. Maple Leaf Cement sees the world in situational shades of black rather than as a completely black and white world.

When things are black, there is purpose and commitment to us. As a leader, our intentions must be pure, our ethics must be controlled, and we must be as transparent as possible to others in our thoughts and actions. As leaders, we commit, stand firm on our commitments, and lead from that base. This level of commitment makes things clearer for us from the darkness.

So easier for us to lead and more consistent for others resulting from black consciousness which is an attitude of mind and a way of life, the most positive call to emanate from the new corporate world as the stars cannot shine without darkness.

CONTENT

CONDENSED INTERIM NON-CONSOLIDATED FINANCIAL STATEMENTS

Company information ………………………………………….. ………………………………………….. 2

Directors’ review ………………………………………….. … ……………………………………….. … 4

Interim condensed non-consolidated statement of financial position ……………………………. 8

Condensed interim unconsolidated statement of income ………………….. ten

Interim condensed non-consolidated statement of comprehensive income …………… 11

Condensed interim non-consolidated statement of cash flows ………………….. 12

Interim condensed non-consolidated statement of changes in equity …………… 13

Selected Explanatory Notes from the Unconsolidated Condensed Interim

Financial state ………………………………………… …………………………………. 14

CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

Directors’ review ………………………………………….. … ……………………………………….. … 29

Interim Condensed Consolidated Statement of Financial Position ……………… 30

Condensed Interim Consolidated Statement of Net Income ………………………….. 32

Condensed Interim Consolidated Statement of Comprehensive Income …… 33

Condensed interim consolidated statement of cash flows ……………………………. 34

Condensed interim consolidated statement of changes in equity …………… 35

Selected explanatory notes from the condensed interim

Consolidated financial statements …………………………………….. ………………. ………………. 36

COMPANY INFORMATION

board of directors

Mr. Tariq Sayeed Saigol

President

Mr. Sayeed Tariq Saigol

General director

Mr. Taufique Sayeed Saigol

Mr Waleed Tariq Saigol

Mr. Danial Taufique Saigol

Ms Jahanara Saigol

Mr. Shafiq Ahmed Khan

Mr. Zulfikar Monnoo

Syed Mohsin Raza Naqvi

Executive Directors

Mr. Sohail Sadiq

Finance

Mr Yahya Hamid

Marketing

Audit Committee

Mr. Shafiq Ahmed Khan

President

Mr. Zulfikar Monnoo

Member

Mr Waleed Tariq Saigol

Member

Mr. Danial Taufique Saigol

Member

Human Resources and Remuneration Committee

Mr. Shafiq Ahmed Khan Mr. Zulfikar Monnoo

Mr. Danial Taufique SaigolFinancial director Syed Mohsin Raza Naqvi

Company Secretary

Mr. Muhammad Ashraf

Chief Internal Auditor

Mr. Zeeshan Malik Bhutta

Company Bankers

Allied Bank Limited

President Member Member

Askari Bank Limited Bank Alfalah Limited Bank Al-Habib Limited Bank Islami Pakistan Limited Albaraka Bank (Pakistan) Limited Dubai Islamic Bank Limited Faysal Bank Limited

FINCA Microfinance Bank Limited Habib Bank Limited

Habib Metropolitan Bank Limited MCB Bank Limited

MCB Islamic Bank Limited Meezan Bank Limited National Bank of Pakistan

2Maple Leaf Cement Limited

PAIR Investment Company Limited Samba Bank Limited

Silk Bank Limited Soneri Bank Limited

Standard Chartered Bank (Pakistan) Limited Summit Bank Limited

The Bank of Punjab

U Microfinance Bank Limited United Bank Limited

Auditors

KPMG Taseer Hadi & Co. Chartered Accountants

351 Shadman-1, Jail Road, Lahore, Pakistan. Such. : +92 42 111-KPMGTH (576484)

Fax: +92 42 37429907

Jural advisor

Mr. Abdul Rehman Qureshi Lawyer High Court

The head office

42-Lawrence Road, Lahore. Telephone: +92 42 36278904-5 Fax: +92 42 36368721

E-mail:mohsin.naqvi@kmlg.com

Plant

Iskanderabad, District: Mianwali Phone: +92 459 392237-8

Call center (24/7)

0800-41111

Share Registrar

Vision Consulting Ltd

Headquarters: 3-C, LDA Flats, First Floor, Lawrence Road, Lahore

Telephone: +92 42 36283096-97

Fax: +92 42 36312550

E-mail:shares@vcl.com.pk

Company Website www.kmlg.com

To note

The MLCFL financial statements are also available on the above website.

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