The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank...
Transcript of The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank...
![Page 1: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/1.jpg)
The Hub Power Company Limited
Unaudited Financial Statements
for the Half Yearly Ended
December 31, 2018
![Page 2: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/2.jpg)
Contents
The Hub Power Company Limited
Company Information Directors’ Report English Condensed Interim Unconsolidated Profit & Loss Account Condensed Interim Unconsolidated Statement of Comprehensive Income Condensed Interim Unconsolidated Balance Sheet Condensed Interim Unconsolidated Cash Flow Statement Condensed Interim Unconsolidated Statement of Changes in Equity Notes to the Condensed Interim Unconsolidated Financial Statements
The Hub Power Company Limited and its Subsidiary Company
Condensed Interim Consolidated Profit & Loss Account Condensed Interim Consolidated Statement of Comprehensive Income Condensed Interim Consolidated Balance Sheet Condensed Interim Consolidated Cash Flow Statement Condensed Interim Consolidated Statement of Changes in Equity Notes to the Condensed Interim Consolidated Financial Statements Directors’ Report Urdu
![Page 3: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/3.jpg)
Company Information
Board of Directors M Habibullah Khan Chairman
Khalid Mansoor Chief Executive
Javed Akbar
Aly Khan
Aleeya Khan
Manzoor Ahmed
Qaiser Javed
Ejaz Sanjrani GOB Nominee
Owais Shahid
Saad Iqbal
Muhammad Ali
Audit Committee Manzoor Ahmed Chairman
Qaiser Javed
Owais Shahid
Aly khan
Saad Iqbal
Company Secretary Shaharyar Nashat Management Committee Khalid Mansoor
Tahir Jawaid
Abdul Nasir
Nazoor Baig
Kamran Kamal
Saleemullah Memon
M. Inam Ur Rehman Siddiqui
Farrukh Rasheed
Ruhail Muhammad
![Page 4: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/4.jpg)
Registered & Head 11th Floor, Ocean Tower Office Block-9, Main Clifton Road, Karachi Email: [email protected] Website: http://www.hubpower.com
Principal Bankers Allied Bank of Pakistan
Askari Bank Limited
Bank Alfalah Limited
Bank Al-Habib Limited
Bank Islami Pakistan Limited
Bank of Punjab
Al-Baraka Bank (Pakistan) Limited
Citibank N.A. Pakistan
Dubai Islamic Bank Pakistan Limited
Faysal Bank Limited
Habib Bank Limited
Habib Metropolitan Bank Limited
Industrial & Commercial Bank of China
JS Bank Limited
MCB Bank Limited
Meezan Bank Limited
National Bank of Pakistan
Pak Brunei Investment Company Limited
Pak China Investment Company Limited
Samba Bank Limited
Standard Chartered Bank (Pakistan) Ltd.
Sumitomo Mitsui Banking Corp. Europe Ltd, London
United Bank Limited
![Page 5: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/5.jpg)
Inter-Creditor Agents Habib Bank Limited
Allied Bank Limited
MCB Bank Limited
Legal Advisors RIAA Barker Gillette
Auditors A.F.F Ferguson & Co. Registrar FAMCO Associates (Pvt) Limited
Hub Plant Mouza Kund,
Post Office Gaddani,
District Lasbela, Balochistan
Narowal Plant Mouza Poong,
5 KM from Luban Pulli Point on Mureedkay-Narowal
Road, District Narowal, Punjab
Laraib Energy Limited 12-B/1, Multi Mansion Plaza,
(Subsidiary) G-8, Markaz, Islamabad
![Page 6: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/6.jpg)
![Page 7: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/7.jpg)
![Page 8: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/8.jpg)
![Page 9: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/9.jpg)
![Page 10: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/10.jpg)
![Page 11: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/11.jpg)
![Page 12: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/12.jpg)
![Page 13: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/13.jpg)
![Page 14: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/14.jpg)
![Page 15: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/15.jpg)
![Page 16: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/16.jpg)
![Page 17: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/17.jpg)
![Page 18: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/18.jpg)
![Page 19: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/19.jpg)
![Page 20: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/20.jpg)
![Page 21: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/21.jpg)
![Page 22: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/22.jpg)
![Page 23: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/23.jpg)
![Page 24: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/24.jpg)
![Page 25: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/25.jpg)
![Page 26: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/26.jpg)
![Page 27: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/27.jpg)
![Page 28: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/28.jpg)
![Page 29: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/29.jpg)
![Page 30: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/30.jpg)
![Page 31: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/31.jpg)
![Page 32: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/32.jpg)
![Page 33: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/33.jpg)
![Page 34: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/34.jpg)
![Page 35: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/35.jpg)
![Page 36: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/36.jpg)
2018 31
2018 31
4.67 5,407 4.58 5,298
repair and maintenance
3,030 2018 31 2.62
3.57 4,129
(administrative financial expenses
expenses)
1,675GWh 345 GWh
)72 (63% :2017-18 6% (99% :2017-18
(Annual Dependable Capacity test)
2018 29
24% 113 GWh
57% :2917-18 24% 269GWh
![Page 37: The Hub Power Company Limited · Directors’ Report English ... Inter-Creditor Agents Habib Bank Limited Allied Bank Limited MCB Bank Limited Legal Advisors RIAA Barker Gillette](https://reader030.fdocuments.in/reader030/viewer/2022040902/5e7344581d4cc80b6133a6ca/html5/thumbnails/37.jpg)
121 GWh 87GWh
65% 2017-18 47% 100 hydrology
(Demonstrated Complex Energy Test; DCET) 2018