First Capital Securities : CORPORATE BRIEFING SESSION 2022

FIRST CAPITAL SECURITIES CORPORATION LIMITED

Profile of FCSC

FCSC is a public limited company listed on Pakistan Stock Exchange, the parent company of First Capital Group and involved in making long and short term investments, money market operations and financial consultancy. Company

Commenced operations in 1994.

BALANCE SHEET

		STATEMENT OF FINANCIAL POSITION
		AS AT JUNE 30, 2022	2022	2021
		NON‐CURRENT ASSETS	Rupees			Rupees
		Property, plant and equipment	143,423,338			132,743,163
		2,685,278,881
		Investment properties	1,721,751,878			2,152,618,664
		Long term investments	37,500			1,821,951,969
		Long term deposits				37,500
	4,550,491,597
		CURRENT ASSETS				4,107,351,296
	‐		503,784
		Trade debts - unsecured, considered good	38,322,992
		Loans, advances, prepayments and other receivables	32,834,322			33,544,229
		Short term investments	7,894,825			75,227,561
		Advance tax	14,947,715			7,541,537
		Cash and bank balances				80,394
	93,999,854
		CURRENT LIABILITIES				116,897,505
	61,991,150		65,599,872
		Trade and other payables	1,600,000,000
		Current portion of long term loan	705,753,915			100,000,000
		Current portion of accrued markup				331,429,552
	2,367,745,065
					497,029,424
			2,276,746,386
		NON‐CURRENT LIABILITIES				3,727,219,378
	178,060,000			1,678,060,000
		Long Term Loan	41,927,982
		Accrued Markup	3,125,943			111,377,020
		Staff retirement benefits payable	15,000,100			2,293,421
		Deferred tax liability				15,000,100
	238,114,025
			‐	1,806,730,541
		Contingencies and commitments			-
	2,038,632,361
		NET ASSETS		1,920,488,836
		REPRESENTED BY
		EQUITY
		SHARE CAPITAL AND RESERVES
		Authorized share capital:		3,200,000,000
		320,000,000 (June 2021: 320,000,000) ordinary shares of Rs. 10 each	3,166,101,120
		Issued, subscribed and paid-up capital	3,200,000,000
					3,166,101,120
	(1,127,468,759)
		Retained earnings				(1,245,612,284)
	2,038,632,361
				1,920,488,836

PROFIT AND LOSS ACCOUNT

STATEMENT OF PROFIT OR LOSS

FOR THE YEAR ENDED JUNE 30, 2022

	2022			2021
	Rupees
Revenue
Money market services	‐	1,108,269
65,142,246
Dividend Income				526,012
Unrealized gain/(loss) on re-measurement of 'investments at	(142,593,330)
fair value through profit or loss'	500,043,656			362,974,706
Change in fair value of investment properties				-
422,592,572
Expenses				364,608,987
Operating and administrative expenses	(12,199,466)			(9,330,541)
410,393,106			355,278,446
Operating Profit
Other income
13,390,433			111,102,532
Finance cost	(305,873,661)			(263,739,756)
Profit before taxation				202,641,222
117,909,878
Taxation	‐	4,788,281
Profit/(Loss) after taxation	117,909,878			207,429,503
Earning/(Loss) per share				0.66
‐ basic and diluted	0.37