Page 122 - CCL AR 2017 Final

4.3.1 Represents costs incurred on the installation of Line – II at the existing location in Nowshera, Khyber
Pakhtunkhwa Province and includes borrowing costs capitalized during the year amounting to Rs.119.212
million in respect of Islamic banking (2016: Rs.102.330 million) and Rs. 19.100 million in respect of
conventional banking (2016: Rs. 19.545 million).

4.4 Capital work-in-progress – Line – III

Building Power Quarry, Furniture
on Plant and Motor factory
Description leasehold machinery Computers and other vehicles and lab and Total
land installations equipment fittings
(Rupees in ‘000)
Balance as at June 30, 2016 - - - - - - - -

Capital expenditure incurred /
advances made during
the year 18,543 248,071 - - - - - 266,614

Balance as at June 30, 2017 18,543 248,071 - - - - - 266,614

5. INTANGIBLE ASSETS
COST AMORTIZATION
Book
Additions value Amortization
As at As at As at For the As at as at Rate %
Description July 01, during the June 30 July 01 year June 30 per annum
year June 30,
(Rupees in ‘000)
Computer software
2017 27,132 10,910 38,042 15,845 2,987 18,832 19,210 10

2016 27,132 - 27,132 13,134 2,711 15,845 11,287 10

5.1 The amortisation for the year has been allocated as follows:
Note 2017 2016
(Rupees in ‘000)
Cost of sales 24 2,344 2,473
Distribution costs 25 345 134
Administrative expenses 26 298 104
2,987 2,711

6. LONG-TERM INVESTMENTS

Investment in related parties
Available-for-sale securities 6.1 558,585 702,443
Interest in a joint venture 6.2 - -
Interest in a joint venture 6.3 7,690 7,690
566,275 710,133

6.1 Available-for-sale securities

Cherat Packaging Limited
2,174,808 (2016: 2,055,308) fully paid
ordinary shares of Rs. 10/- each. 517,126 702,443

Mirpurkhas Sugar Mills Limited
262,500 (2016: Nil) fully paid
ordinary shares of Rs. 10/- each. 41,459 -
558,585 702,443

120