Page 127 - CCL AR 2017 Final

15. SHARE CAPITAL

15.1 Authorised capital
2017 2016 2017 2016
Number of shares (Rupees in ‘000)

225,000,000 225,000,000 Ordinary shares of Rs. 10/- each 2,250,000 2,250,000

15.2 Issued, subscribed and paid-up capital

Fully paid ordinary shares of
Rs. 10/- each
91,335,845 91,335,845 - Issued for cash 913,358 913,358
80,236,008 80,236,008 - Issued as fully paid bonus shares 802,360 802,360
- Issued for consideration other
5,060,000 5,060,000 than cash on amalgamation 50,600 50,600
176,631,853 176,631,853 1,766,318 1,766,318

Following is the detail of shares held by the related parties: Note 2017 2016
Number of shares
Faruque (Private) Limited 37,073,485 36,623,485
Cherat Packaging Limited 4,843,362 4,243,362
Mirpurkhas Sugar Mills Limited 5,770,252 5,770,252
Greaves Pakistan (Private) Limited 2,199,093 2,199,093
Zensoft (Private) Limited 20,000 -
49,906,192 48,836,192
16. RESERVES

Capital reserves (Rupees in ‘000)
Share premium 1,047,658 1,047,658
Others 16.1 50,900 50,900
1,098,558 1,098,558
Revenue reserves
General reserves 420,000 420,000
Unappropriated profit 6,391,997 5,009,489
Actuarial gain on gratuity fund 427,462 246,517
Unrealized gain on available-for-sale securities 357,372 599,306
7,596,831 6,275,312
8,695,389 7,373,870

16.1 This reserve was created due to amalgamation of Cherat Electric Limited with Cherat Cement Company
Limited.

17. LONG-TERM FINANCING – secured Note 2017 2016

Islamic banks (Rupees in ‘000)
Refused Derived Fuel Loan – Line - I 17.1 - 122,312
Syndicated Long-Term Finance Loan – Line - II 17.2 3,284,211 2,463,158
Waste Heat Recovery Loan – Line II 17.3 600,565 600,565
Fixed Assets Refinance Loan – Line – II 17.4 300,000 300,000
4,184,776 3,486,035
Conventional banks
Syndicated Long-Term Finance Loan – Line - II 17.2 715,789 536,842

Less: Current maturity 17.3 (60,057) (40,770)
4,840,508 3,982,107

125