First Capital Securities: Transmission of the quarterly report for the period ended 2022-03-31

PREMIER CAPITAL SECURITIES LIMITED

CONDENSED ONE CONSOLIDATED

FINANCIAL STATEMENTS AS OF MARCH 31, 2022

STATEMENT OF FINANCIAL POSITION STATEMENT OF INCOME STATEMENT OF COMPREHENSIVE INCOME STATEMENT OF CASH FLOWS STATEMENT OF CHANGES IN EQUITY NOTES TO THE FINANCIAL STATEMENTS

First Capital Securities Corporation Limitedboard of directors

Shehrbano Taseer (Chairman)Aamna Taseer Shahbaz Ali Taseer Shehryar Ali Taseer Naeem Akhtar

(CEO)Mustafa Mujeeb Chaudhry Umair Fakhar Alam

Company Information

Non-Executive Executive Non-Executive Non-Executive Non-Executive Independent Independent

Financial director

Said Iqbal

Audit CommitteeHuman Resources and Compensation Committee (HR&R)

Company Secretary

Umair Fakhar Alam (Chairman)

Shehrbano Taseer (Member)

Naeem Akhtar (Member)Umair Fakhar Alam (Chairman)

Aamna Taseer (Member)

Shehrbano Taseer (Member)Sajjad Ahmad

Auditors

Nasir Javaid Maqsood Imran Chartered Accountants

Legal advisersbankersRegistrar and Share Transfer OfficeRegistration desk

Mrs. Ibrahim and Ibrahim

Lawyers and Business Consultants Lahore

Allied Bank Limited Bank Alfalah Limited Faysal Bank Limited MCB Bank Limited

Standard Chartered Bank (Pakistan) Limited Soneri Bank Limited

Corplink (Pvt.) Limited Wings Arcade, 1-K Commercial Model Town Lahore

Tel: 42) 35839182

First Capital House

96-B/1, Lower Ground Floor MM Alam Road, Gulberg-III Lahore, Pakistan

TV: + 92-42-35778217-18

DIRECTORS REVIEW

We, on behalf of the Plank of Directors of First capital securities Limited Company (the “Company” or “FCSC”) are happy for present the listeners condensed review interim financial statements of the Company for the nine month finished on 31 March 2022.

Operational Results

the Operating results of the Company are summarized as follows:

Financial Insight

December 31st 2022

31 March 2021

Revenue

rupees (51,811,166)

rupees

85,755,018

Unrealized (loss)/gain on short term investments Operation expenses

1LL7,050,6371 5,232,8L0

84,507,376

7,226,358

Operating (loss)/profit 157 044 4761

78,528,660

Finance and other costs 235 831 540

145 132 549 .

Loss after tax 1292,894,3051

(58,117,801)Loss per share (basic and diluted)

(0.e3)

(0.18)

the Company reported after tax loss of Rs.292.89 million like compared with for Rs. 58.12 million in the corresponding period of last mainly year due for a unrealized loss of Rs. 117.05 million on investments. Operating expenses incurred to Rs.5.23 million in comparison with Rs. 7.23 million in the same period of last year. On report base, by share loss of the The company has arrival to Rs.0.93 in comparison with Rs. 0.18″ the same period of last year.

the financial results of subsidiaries of “FCSC” during the period under review are given below :

First Capital actions Limited (“FCEL”) possesses reported a loss of Rs 68.31 issue in 3QFY22 as compare for profit of Rs. 40.64 million in 3QFY21. During the period due for cessation of activity, the brokerage income of your Company is NONE in both periods. Further away, the registered company Capital city Gain /(loss) of Rs DRAW against Rs. NIL last year. the Unrealized loss on new measure of investment is checked in to Rs. 67.31 million. Operating expenses have decreased 67% during the period under review.

Lankan Securities (Pvt.) Limit (“LSL”) generated a total revenue LKR. 623.43 million, and report profit of LKR. 250.44 million in nine period of months which translates to a PES of LKR. 2:33 p.m.

First capital investments Limit (“CFLI”) reported loss after Taxation of Rs. tL.Iz million (LPS: 0.53) as compared with for profit from Rs. 13.1.4 million (EPS: 0.63) in the corresponding period Last year. the Loss after tax is above all assigned for unrealized loss made to measure of investments of an amount of RS, 15.06 million, due for a important loss of t7.52% generated by First capital Mutual Funds during the period in the study. Share of Profit from associates recorded at zero for the period under review as compared with for profit from Rs. 4.59 million in the same period last year. Asset Management Costs possesses been registered at Rs. 1.73 million as compared with for ns. 1.80 million in corresponding period last year.

Evergreen Water Valley (Pvt.) Limit (“EGWV’) generated a total revenue PKR. 253,623,3L7 and one report loss after taxation of Rs.49, TSS, 2OZ and the loss per share during the reporting period is recorded at Rs.(69.59).

Outlook

the Company in Ordered for to strenghten himself remained fully focused on maintain his growth momentum. Management is watch her Resources and do it seriously efforts for collect the maximum advantages from them for his shareholders. That implies optimization revenue generation from heart operations, Treasury management while to the same weather streamline the Cost base.

the Plank of Directors also wish for Express his recognition to shareholders for their continuous support and for everything their employees for their original dedication and commitment to Company.

Recognition

Directors of the the society place on record their sincere appreciation for the assistance and Cooperation provided by financial institutions, government authorities and other stake holders in reach Phone commendable performance. the directors also appreciate the engaged services of the employees of the Company.

For and on behalf of the Plank of Directors

,,f{ou**.Ia^nAD,.r

“‘ ‘Chief Executive Officer

Director

Lahore

26 April 2022

ITIRS’I’ CAI’ITAL SECURITIES COMPANY LIMIT

NOT CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL SITUATION AS IN MARCH 31 2022

March 31, 2022 June 30, 2021 ———— Rupees ————

Unaudited

Checked

To note

NO.CUITREN’T ASSETS

Goods, plant and equipment Investment Properties

Long term long investments term deposits

CURIU]NT ASSETS the debt raft – not guaranteed, considered good

Loans, advances, installments and other short-term receivables term investments

6 7

B

37,500 4,026,613,477 4,107,351,296

132 576 629 732 743 163 2,L52,6L8,664 2,752.6L8,664 1.74L,380,678 1,,821,,951.,969

37,500

5O3 784

503 784

s2,lo5,llL 33,544,229

38,748,215 75,227,561

Acivance tax 7,547,537

Species Arrd bank sales

CUIIIIENT I, CAPABILITIES

‘the harbor and other debts

Fluent portion of long term current loan portion of accumulated markup the rUvision[0r[0r[0r[0r TaxationNON-CUI{REN’I LIABILITIES

ten

HE

L2

Long term 1L loan

‘?

L37,537,352 716 897 505

61 308 909 65,599,872

245 454 545

10 0.0 00,000

677 556 800 331 429 552

L4.4LO

986 334 664 497 029 424

3,L77,8L6,159

1,532,605,455

3,727.2t9,377

1,678,060,000

Margin payable 12,111,377,020

Staff removencnt benefits payable

Deferred tax responsibility 13

Contingencies and Commitments 74

REPORT ASSETS

REPETITION BY

“, t_

QUITY

SIIAIIE CAPI’I’AL ET RESERVES

Authorized shares the capital: 3 2 0.0 00,000 (June 202L: 3 20,000,000) ordinary shares of Rs. L0 each

issued, capital subscribed and paid up I’m held earnings

the appendix notes 1 at 20 form a an integral part of these financings statements.

-‘-‘.elrr$’qotfro^’,

v

Chief executive officer

2,616,073 2,293,427

00 1,550,22L,628

7,627,594,531

3,200,000,000

_1&LE2!l31_ ____1 929A5333b_

3,L66,101,120 [1s38s06s89)[1s38s06s89)[1s38s06s89)[1s38s06s89)

1

1

L,B06,730,541

1, 920 488 836

3,200,000,000

3,766,101,1,20 (7,245,612,284)

+

I

Director