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SIDDIQI & COMPANYCost & Management Accountants
Suite # 147, First Floor, Haroon Shopping Emporium, Sector 15-A/1, North Karachi-75850 (Pakistan).
Tel: (92-21) 36971814 - 36931527, Fax (92-21) 36931527, E-mail
For the year ended June 30, 2010
ATTOCK CEMENT PAKISTAN LIMITED
Cost Auditors Report
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Attock Cement Pakistan Limited Cost Audit Report, 2010
COST AUDITORS REPORT, 2009-2010
ATTOCK CEMENT PAKISTAN LIMITED
INDEX
Section 1 Page #1. Corporate Information2. The Company & Its Manufacturing Process
Section 2
Cost auditors Report 11. Capacity 22. Costing Accounting System 23. Production 2
4. Raw Material 35. Wages & Salaries 56. Stores & Spare Parts 67. Depreciation 68. Overheads 79. Royalty / Technical Aid Payment 910. Abnormal Non-Recurring Features 911. Cost of Production 912. Sales 1013. Profitability 1014 Cost Auditors Observation and Conclusions 1015. Reconciliations with Financial Statements 1216. Cost Statements 12
17. Miscellaneous 12
Schedules (1 to 3) 13-15
Statement of Production Capacity
Statement of Stock in Trade
Section 3Departmental Cost Statements Annexures1. Quarry I2. Transportation II3. Crushing III4. Stock Hall Storage IV
5. Raw Mill (For Mix / Slurry) V6. Kiln VI7. Grinding (Cement) VII8. Packing & Storage VIII9. Air Compressing IX10. Power Generated / Purchased and Consumed X11. Factory General XI12. Summary of Cost Report XII
Cost of Sales of Ground Slag
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Attock Cement Pakistan Limited Cost Audit Report, 2010
01. CORPORATE INFORMATIONBoard of Directors
ChairmanDr. Ghaith R. Pharaon
Chief ExecutiveBabar Bashir Nawaz
DirectorsLaith G. PharaonWael G. PharaonShuaib A. Malik
Abdus SattarBabar Bashir NawazFakhrul Islam Baig
Alternate DirectorsIrfan Amanullah
Audit Committee of the Board
ChairmanAbdus Sattar
MembersShuaib A. Malik
Fakhrul Islam Baig
Company SecretaryIrfan Amanullah
Statutory AuditorsA. F. Ferguson & Co.
Chartered Accountants
Cost AuditorsSIDDIQI & COMPANY
Cost & Management Accountants
BankersFaysal Bank LimitedMCB Bank Limited
National Bank of PakistanBank Al-Falah Limited
Allied Bank LimitedBank Al-Habib
JS Bank LimitedNIB Bank Limited
United Bank LimitedMeezan Bank Limited
Barclays Bank PLC, Pakistan
Registered OfficeD-70, Block-4, Kehkashan-5
Clifton, Karachi-75600.Telephone# (92-21) 35309773-4, Fax # 35379775
UAN: (92-21) 111 17 17 17Email. [email protected]
Website: www.attockcement.com
FactoryHub Chowki, Lasbella, Baluchistan.
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Attock Cement Pakistan Limited Cost Audit Report, 2010
02. THE COMPANY
&MANUFACTURING PROCESS
1. THE COMPANY
The Company was incorporated in Pakistan on October 14, 1981 as a public limitedCompany and is listed on Karachi Stock Exchange. Its main business activity ismanufacturing and sale of cement.
2. OPERATIONS
Basically the main objective of the Company is to manufacture and sell cement.
3. MANUFACTURING PROCESS
The Company is using the Dry Process Technology for manufacturing of cement. It ownsleased lime stone quarries. The process consists of the following departments:-
(i) Lime Stone Quarry / Transportation
(ii) Crushing
(iii) Raw Mill (Mix / Slurry)
(iv) Kiln
(v) Grinding (Cement Mill)
(vi) Packing & Storage
The major raw materials include:
(i) Shale / Overburden
(ii) Lime Stone
(iii) Gypsum
(iv) Slag
Packing Paper bags of 50 Kg. each are used in packing.
4. FACTORY LOCATION
The Companys cement manufacturing plant is located in Tehsil Hub, District Lasbella,Baluchistan, Pakistan.
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Attock Cement Pakistan Limited Cost Audit Report, 2010
COST AUDITORS REPORT
We, SIDDIQI & COMPANY, Cost & Management Accountants having been appointed to
conduct an audit of cost accounts of ATTOCK CEMENT PAKISTAN LIMITED, have examined
the books of account and the statement prescribed under clause (e) of sub-section 230 of the
Companies Ordinance, 1984 and the other relevant record for the year ended June 30, 2010,
and report that:-
1. we have obtained all the information and explanations which to the best of our knowledge
and belief were necessary for the purpose of this audit.
2. in our opinion:
(a) proper cost accounting records as required by clause (e) of sub-section (1) of section
230 of the Companies Ordinance, 1984 (XLVII of 1984), and as required by these
rules, have been kept by the Company;
(b) proper returns, statements and schedules for the purpose of audit of cost accounts
relating to branches were not required as the Company has no branches in or
outside Pakistan.
(c) the said books and records give the information required by the rules in the manner
so required; and
3. in our opinion and, subject to best of our information:-
(a) the annexed statement of capacity utilization and stock-in-trade are in agreement
with the books of account of the Company and exhibit true and fair view of the
Companys affairs; and
(b) cost accounting records have been properly kept so as to give a true and fair view of
the cost of production, processing, manufacturing and marketing of the under
mentioned products of the Company, namely,
1. Ordinary Portland Cement (OPC)
2. Sulphate Resistance Cement (SRC)
3. Ground Slag
The matters contained in the ANNEXED Forms are part of this report.
SIDDIQI & COMPANYCost & Management Accountants
Karachi : 25 OCT 2010
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Attock Cement Pakistan Limited Cost Audit Report, 2010
1. CAPACITY (Tonne)
(a) Clinker
Kiln-I (2,400 T/D x 300 days) 720,000 742,996 103
Kiln-II (3,300 T/D x 300 days) 990,000 963,303 97
1,710,000 1,706,299 100
(b) The company's main business activity is manufacturing and sale of cement.
2. COST ACCOUNTING SYSTEM
3. PRODUCTION
Qty. in Tonne
(a)
Clinker Tonne %
Line-1
Ordinary Portland Clinker 376,342 479,770 (103,428) (22)
Suplhate Resistance Clinker 366,654 270,738 95,916 35
742,996 750,508 (7,512) (1)
Line-2
Ordinary Potland Clinker 963,303 928,111 35,192 4
1,706,299 1,678,619 27,680 2
Cement
Ordinary Portland 1,424,913 1,436,446 (11,533) (1)
Sulphate Resistance 367,706 285,219 82,487 29
1,792,619 1,721,665 70,954 4
(b)
(c) There is no addition to the production capacity during the year under review.
2010 2009
Production
UtilizedCapacity
Y E A R S
% of InstalledCapacity
Increase/(Decrease)
Licensed / InstalledCapacity
Manufacturing of cement is a continuous process, therefore, the company uses process cost accountin
system as prescribed by SECP as per Cement Industry (Cost Accounting Records) Order, 1994.
The company is operating a fully online integrated costing system, which generates cost statement
relating to six stages / departments and allocates cost thereon.
The plant design facilitates production of the various types of cement as per production requirements
within the installed capacity limits.
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Attock Cement Pakistan Limited
4. RAW MATERIAL
(a) Major Raw Materials Consumed
ITEMS Quantity Value Cost per Quantity Value Cost per
(Tonne) Rs. in '000' Tonne (Tonne) Rs. in '000' Tonne
Limestone 1,179,863 257,548 218 1,074,310 190,805 178
Shale / Overburden 1,386,521 226,150 163 1,500,726 235,326 157
Iron Ore & Salica Sand 157,453 87,737 557 107,246 65,100 607
Gypsum 50,136 68,993 1,376 61,397 82,849 1,349
Slag
Ground Slag 30 31 1,033 4,205 4,679 1,113
640,459 578,759
2010 2009
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(b) Major Raw Materials consumption per unit of production compared with standard requirements.
Description Standard 2010 2009 2008
Tonne Tonne Tonne Tonne 2010 2009 2008
Limestone Clinker 0.240 0.523 0.525 0.529 118 119 12
Shale / Overburden Clinker 1.328 1.022 1.020 1.023 (23) (23) (2
Iron Ore / Baux. Iron Clinker 0.032 0.039 0.040 0.039 22 25 2
Salica Sand Clinker - 0.016 0.015 0.019 100 100 10
TOTAL Clinker 1.600 1.600 1.600 1.611 (0) (0)
Gypsum Cement 0.050 0.028 0.034 0.045 (44) (32)
Description Standard 2010 2009 2008
Tonne Tonne Tonne Tonne 2010 2009 2008
Limestone Clinker 0.240 0.412 0.424 0.419 72 77 7
Shale / Overburden Clinker 1.264 1.020 1.021 1.020 (19) (19) (1
Iron Ore Clinker 0.096 0.121 0.110 0.113 26 15 1
Salica Sand Clinker - 0.047 0.045 0.048 100 100 10
TOTAL Clinker 1.600 1.600 1.600 1.600 (0) (0) -
Gypsum Cement 0.050 0.027 0.040 0.043 (46) (20) (1
(c) Explanation of Variances
The variances from standard requirements are attributed to chemical contents of raw materials.
(d) Method of Accounting
Ordinary Portland Cement % Increase / (Decrease)
as compared to Standard
Sulphate Resistance Cement % Increase / (Decrease)
as compared to Standard
The company is maintaining raw material records using perpetual inventory system. The per unit cost for issue o
material is determined using weighted average basis.
Limestone and shale / overburden are extracted from leased mines.
Salica Sand, Iron ore, Bauxite, Gypsum and Slag are purchased from open market. The quantities and values ar
recorded in the store ledger and general ledger from stores receiving report.
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5. WAGES AND SALARIES
(a) Total wages and salaries paid for all categories of employees
2010 2009 2008
Rs. in '000' Rs. in '000' Rs. in '000' Base 2009 Base 2008
Direct labour cost on production 142,384 154,000 106,758 (8) 33
Indirect labour cost on production 332,234 359,333 244,673 (8) 36
474,618 513,333 351,431 (8) 35
Employees' cost on administration 100,575 114,926 79,779 (12) 26
Employees' cost on selling and distribution 35,165 32,725 20,959 7 68
Total employees cost 610,358 660,984 452,169 (8) 35
(b) Salaries and perquisites of Chief Executive,Directors and Executives
2010 2009
Rs. in `000' Rs. in `000'
Chief Chief
Executive Executive
Managerial remuneration 9,605 8,182 56,918 8,538 8,096 47,264
Housing Allowance 3,362 3,269 21,286 2,988 3,241 17,841
Utility Allowance 1,281 672 4,346 1,138 667 3,602
Bonus 3,795 3,850 21,900 2,779 3,490 15,923
Retirement benefits 1,377 697 9,345 1,087 550 6,879
Others 1,832 2,118 9,668 863 1,229 6,526
21,252 18,788 123,463 17,393 17,273 98,035
Number of person(s) 1 2 48 1 2 38
(c) Total man-days of direct labour Worked Available % Worked
300 days x 320 workers = 96,000 95,360 96,000 99%
298 days x 320 workers = 95,360
(d) Average number of production workers employed 2010 2009
320 270 19%
(e) Direct labour cost per tonne
Base 2009 Base 2008
Direct labour cost (Rs. in '000) 142,384 154,000 106,758 (8) 33
Prduction in tonne 1,792,619 1,721,665 1,364,511 4 31
Cost per tonne (Rs. / tonne) 79 89 78 (11) 2
2010
% Increase / (Decrease)
% Increase / (Decrease)
% Increase / (Decrease)
ExecutivesDirectorsDirectors
2009 2008
Executives
The Chief Executive, Executive Directors and certain executives are provided with free use of compan
maintained cars and are also provided with medical facilities in accordance with their entitlements.
A sum of Rs. 0.32 million (2009: Rs. 0.92 million) was paid to a non-executive Director in respect of advisor
services.
The aggregate amounts charged in the financial accounts for remuneration to the Chief Executive, Director
and Executives of the company are as follows :
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Attock Cement Pakistan Limited Cost Audit Report, 2010
(f) Comments on Incentives Scheme
6. STORES AND SPARE PARTS
(a) Expenditure per unit of output 2010 2009
Stores & spares consumed (Rs.in '000') 225,521 263,656
Production in tonne 1,792,619 1,721,665
Cost per tonne (Rs./tonne) 126 153
(b) System of stores
(c) Proportion of closing inventory of stores representing items
which have not moved for over twenty four months.
7. DEPRECIATION
(a) Method of depreciation
(b) Basis of allocation of depreciation on common assets to the different departments.
Depreciation on common assets is allocated as under: (Rs. '000) % (Rs. '000) %
(i) Cost of Sales 261,760 96.660 463,580 97.710
(ii) Administrative Expenses 9,034 3.340 10,040 2.120
(iii) Distribution Cost - - 819 0.170
270,794 100.00 474,439 100.00
(c) Basis of charging depreciation to cost of products
The depreciation is allocated to cost of production on the value of assets employed.
(14)
4
(18)
2010
% of Increase / (Decrease
2009
These are valued at monthly weighted average cost less provision for slow moving and obsolete stores, sparesand loose tools. Items in transit are stated at cost.
All items of stores are properly coded and entered by designated staff members of the finance departmen
through network system, on daily basis.
These are stated at cost less accumulated depreciation / amortization and impairment losses (if any) excep
freehold land, capital work in progress and stores held for capital expenditures which are stated at cost
Depreciation is calculated using the straight line method on all assets in use to charge off their cost excluding
residual value, if not insignificant, over their estimated useful lives.
Depreciation on acquisition is charged from the month of addition whereas no depreciation is charged on the
month of disposal.
Maintenance and normal repairs are charged to income as and when incurred. Major renewals and
improvements are capitalized and the assets so replaced, if any, are retired.
Gains and losses on disposal of fixed assets are inlcuded in income currently.
Slow moving items amounting to Rs. 16.375 million which represents 2.47% (2009: 18.030 million: 2.92%) o
closing inventory.
Per tonne cost of stores and spares decreased due to efficient operations during the year with less plan
stoppages for repair and maintenance required by the plant as compared to the last year.
The company awards bonus based on the profitability of the company and performance of the employees.
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Attock Cement Pakistan Limited Cost Audit Report, 2010
8. OVERHEADS
(a) Total amounts of the overheads2010 2009 2008
Rs. in '000' Rs. in '000' Rs. in '000'
(i) Factory 423,986 664,976 549,613
(ii) Administration 183,933 182,420 133,582
(iii) Selling & distribution 466,659 437,194 124,744
(iv) Financial 77,628 119,763 153,909
1,152,206 1,404,353 961,848
(i) Factory Overheads
2010 2009 2008 Based on Based on
Rs.in'000' Rs. in '000' Rs. in '000' 2009 2008
Repairs and maintenance 49,546 60,570 66,139 (18) (25
Vehicle running & maintenance 49,556 53,037 42,229 (7) 17
Travelling and entertainment 5,354 4,369 3,186 23 68
Depreciation 261,760 463,580 395,937 (44) (34
Insurance 28,201 34,594 22,196 (18) 27
Others 29,569 48,826 19,926 (39) 48
423,986 664,976 549,613 (36) (23
(ii) Administration Overheads
2010 2009 2008 Based on Based on
Rs.in'000' Rs. in '000' Rs. in '000' 2009 2008
Salaries, wages and benefits 100,575 114,926 79,779 (12) 26
Utilities 3,561 3,676 2,654 (3) 34
Repairs and maintenance 3,370 5,621 7,910 (40) (57
Depreciation 9,034 10,040 4,655 (10) 94
Vehicle running & maintenance 4,908 6,293 5,446 (22) (10
Travelling and entertainment 6,796 5,836 4,216 16 61
Communication 4,275 3,402 2,565 26 67
Printing and stationery 3,039 3,004 3,318 1 (8
Auditor's remuneration 3,625 1,600 1,455 127 149
Legal and professional charges 14,582 5,856 5,608 149 160
Advertising 1,504 1,053 2,330 43 (35
Rent, rates and taxes 7,053 6,758 7,158 4 (1
Donations 8,914 6,856 204 30 4,270
Insurance 8,968 3,601 2,696 149 233
Training 239 195 407 23 (41
Subscription 610 1,376 1,265 (56) (52
Others 2,880 2,327 1,916 24 50
183,933 182,420 133,582 1 38
Overall factory overheads decreased mainly due to decrease in depreciation by changing the depreciatio
method and partly decline in vehicle running, repair & maintenance and other overheads as compared to las
year.
There is no significant variance as comapred to last year.
% Increase / (Decrease)
% Increase / (Decrease)
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(iii) Selling and Distribution Overheads
2010 2009 2008 Based on Based on
Rs.in'000' Rs. in '000' Rs. in '000' 2009 2008
Salaries, wages and benefits 35,165 32,725 20,959 7 68
Depreciation - 819 597 (100) (100
PSI marking fee 4,831 27,275 3,984 (82) 21
Carriage outward 11,722 16,376 6,285 (28) 87
Advertisement and sales promotion 650 1,364 2,083 (52) (69
Travelling and entertainment 3,629 1,783 357 104 917
Export expenses 363,659 311,071 78,947 17 361
Commission on export sales 45,465 43,548 9,899 4 100
Miscellaneous expenses 1,538 2,233 1,633 (31) (6
466,659 437,194 124,744 7 274
(iv) Financial Charges
2010 2009 2008 Based on Based on
Rs.in'000' Rs. in '000' Rs. in '000' 2009 2008
Markup on long term murabaha 66,005 94,016 109,468 (30) (40
Markup on short term loan - - 10,270 - (100
Markup on running finance - - 3,557 - (100
Finance lease charges - - 44 - (100
Bank charges and commission 11,156 14,596 6,207 (24) 80
Exchange loss - 10,957 24,312 (100) 100
Interest on workers' profits participation fund 467 194 51 141 816
77,628 119,763 153,909 (35) (50
The decrease in financial cost was due to repayment of long term murabaha.
(b) Reasons for any significant variances in the overheads
Reasons have already been given against items where ever necessary.
(c) Basis of allocation of overheads
The allocation was made on activity based on %age basis.
% Increase / (Decrease)
Selling & distribution expenses increased due to increase in export expenses.
% Increase / (Decrease)
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(d) Cost of Packing
Qty. in Tonne
OPC+SRC
Packed cement
Bulk cementTotal
Rs. in '000' Rupees/Ton Rs. in '000' Rupees/Ton Rupees/Ton %
Packing material 552,724 322.20 514,606 335.34 (13) (4
Power 16,552 9.16 12,651 7.36 2 24
Salaries & wages 7,561 4.18 8,177 4.76 (1) (12
Stores / spares, repair & maint. 15,358 8.50 17,242 10.03 (2) (15
Insurance 565 0.31 692 0.40 (0) (22
Depreciation 5,280 2.92 9,351 5.44 (3) (46
Other administrative overheads 44,341 24.54 49,844 28.99 (4) (15
642,382 371.82 612,563 392.32 (21) (5
9. ROYALTY / TECHNICAL AID PAYMENTS
Production Amount Rupees / Production Amount Rupees /
in Tonne Rs. In '000 Tonne in Tonne Rs. In '000 Tonne
Limestone &
Shale/Overburden 2,513,087 146,078 58.13 2,512,273 75,255 29.95
10. ABNORMAL NON-RECURRING FEATURES
(a) Features affecting production
= N O N E =
(b) Special expenses
= N O N E =
11. COST OF PRODUCTION
(As per Schedule-1 attached)
Increase /
Qty. in Rs. in Rs. Qty. in Rs. in Rs. (Decrease)
Tonne 000 Per Ton Tonne 000 Per Ton % Rs. P/TonCement
OPC 1,424,913 4,453,165 3,125 1,436,446 4,807,338 3,347 (6.62
SRC 367,706 1,189,238 3,234 285,219 964,230 3,381 (4.33
Ground Slag 30 48 1,600 3,629 6,776 1,867 (14.31
Sub-total 5,642,451 5,778,344
Clinker
OPC 5,311 12,506 2,355 17,990 46,219 2,569 (8.34
TOTAL 5,654,957 5,824,563
Reasons for variances
Cost per tonne decreased mainly due to decrease in salaries & wages, depreciation and fuel cost.
1,715,452
91,6251,807,077
1,534,581
184,5811,719,162
2010 2009
2010
Increase / (Decrease)
2009
2010 2009
2 0 1 0 2 0 0 9
Royalty and excise duty is paid to the provincial government on the quantity of limestone, shale / overburde
extracted and transported to mill from quarries at statutory rates.
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12. SALES
(As per Schedule-2 attached)
Increase /Qty. in Rs. in Rs. Qty. in Rs. in Rs. (Decrease)
Tonne 000 Per Ton Tonne 000 Per Ton % P/Ton
LOCAL
OPC 1,148,716 4,803,253 4,181 1,079,181 5,191,500 4,811 (13.08
SRC 153,820 673,411 4,378 170,831 854,715 5,003 (12.50
Ground Slag 240 616 2,567 2,205 8,399 3,809 (32.62
Sub-total 5,477,280 6,054,614
EXPORT
OPC 284,956 1,182,976 4,151 358,290 1,791,724 5,001 (16.98
SRC 219,585 993,090 4,523 110,860 568,918 5,132 (11.87
Ground Slag - - - 2,000 8,840 4,420 (100.00
Clinker (OPC) 5,311 14,787 2,784 17,990 85,975 4,779 (41.74
2,190,853 2,455,457
TOTAL 7,668,133 8,510,071
Export sales were mainly made to Middle East Asia, Africa and other countries.
13. PROFITABILITY
(As per Schedule-3 attached)
Increase /Qty. in Rs. in Rs. Qty. in Rs. in Rs. (Decrease)
Tonne 000 Per Ton Tonne 000 Per Ton % P/Ton
LOCAL
OPC 1,148,716 1,054,133 918 1,079,181 1,333,642 1,236 (25.74
SRC 153,820 150,335 977 170,831 245,751 1,439 (32.06
Ground Slag 240 181 753 2,205 3,206 1,454 (48.21
Sub-total 1,204,649 1,582,599
EXPORT
OPC 284,956 77,293 271 358,290 286,475 800 (66.08
SRC 219,585 108,486 494 110,860 91,484 825 (40.13
Ground Slag - - - 2,000 4,079 2,040 (100.00
Clinker (OPC) 5,311 (2,111) (397) 17,990 24,088 1,339 (129.68
183,668 406,127
TOTAL 1,388,317 1,988,726
The decrease in net profit is due to the following reasons:
Decrease in selling price.
Increase in royalty on limestone & shale overburden which affected the cost of production.
Inflationery trend in electricity cost.
2 0 1 0 2 0 0 9
2 0 1 0 2 0 0 9
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14. COST AUDITORS' OBSERVATIONS AND CONCLUSIONS
(a) Matters which appear to him to be clearly wrong in principle or apparently unjustifiable.
(b) Cases where the company funds have been used in a negligent or inefficient manner.
= N O N E =
(c) Factors which could have been controlled but have not been done resulting in increase in the cost
of production.
= N O N E =
(d) (i) The Adequacy or otherwise of Budgetary Control System, if any, in vogue in the company.
(ii) The scope and performance of Internal Audit, if any.
(e) Suggestion for improvements in performance.
(i) rectification of general imbalance in production facilities
Apparently, there is no general imbalance in production facilities.
(ii) fuller utilization of installed capacity
(iii) Comments on areas offering scope for
(a) Cost reduction
(b) Increased productivity
(c) Key limiting factors causing production bottle necks.
= N O N E =
The plant has already utilized maximum capacity shown by Kiln # I. It has achieved 103% capacity
utilization where as Kiln # II achieved 97% of capacity utilization which has yielded good production
results.
Company is working on various projects to reduce its cost of production prominent among them i
waste heat recurring system.
The company prepares its budget on annual basis. A monthly report comparing actual results with budget i
generated alongwith the reasons for major variances. On the basis of such variances corrective measure
are initiated, implemented and followed up.
The Board has outsourced the internal audit function to M/s. Ernst & Young Ford Rhodes Sidat Hyder &
Co., Chartered Accountants who are involved in the internal audit function on a full time basis.
No such matters have so far come to our notice during the year under review.
The company has already expanded its clinker production in 2005-06 from 2400/TPD to 5700/TP
and as a result thereof, the fixed cost per tonne decreased considerably.
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(d) Improved inevntory policies
Present inventory policies are satisfactory.
(e) Energy conservancy
(iv) State of technology
The company uses 'Dry Process' which is the latest technology in cement production.
(v) Plant
The plant was new when installed.
15. RECONCILIATIONS WITH FINANCIAL STATEMENTS
16. COST STATEMENTS
17. MISCELLANEOUS
Figures have been rounded off to nearest thousand and rupee one. Previous year's figures have been re-arrange
and regrouped where necessary to facilitate comparison.
SIDDIQI & COMPANY
Cost & Management Accountants
Karachi : 25 OCT 2010
The cost accounts are reconciled with audited financial accounts for the year ended June 30, 2010 as pe
reconciliation statement annexed herewith.
Copies of all cost statements on the formats prescribed by Securities and Exchange Commission of Pakista
under clause (e) of sub-section (1) of section 230 of the Companies Ordinance, 1984, duly authenticated by th
chief executive and Chief Financial Officer of the company, and verified by us are appended to the report.
The company has already switched over to `COAL' as one of the cheapest source of energy.
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Schedule-
a) Quantitative Data Ground
OPC SRC Slag
Production (Tonne) 1,424,913 367,706 30 5,311 1,797,96
b) Cost Elements Ground
OPC SRC Slag
Cost of sales 4,495,685 1,210,446 408 12,506 5,719,04
Transferred to raw material inventory (7,058) (1,822) - - (8,88
4,488,627 1,208,624 408 12,506 5,710,16
Inventory adjustments (finished goods) (35,462) (19,386) (360) - (55,20
Cost of goods manufactured 4,453,165 1,189,238 48 12,506 5,654,95
a) Quantitative Data Ground
OPC SRC Slag
Production (Tonne) 1,436,446 285,219 3,629 17,990 1,743,28
b) Cost Elements Ground
OPC SRC Slag
Cost of sales 4,804,823 951,163 7,694 46,219 5,809,89
Transferred to raw material inventory (7,342) (1,458) - - (8,80
4,797,481 949,705 7,694 46,219 5,801,09
Inventory adjustments (finished goods) 9,857 14,525 (918) - 23,46
Cost of goods manufactured 4,807,338 964,230 6,776 46,219 5,824,56
TOTAL
Y E A R : 2 0 0 9
CEMENTClinker
CEMENTClinker
Quantity in Tonne
TOTAL
Rupees in '000
COST OF PRODUCTION
Rupees in '000
CEMENTClinker TOTAL
Y E A R : 2 0 1 0
Quantity in Tonne
CEMENTClinker TOTAL
[ 13 ]
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Attock Cement Pakistan Limited Cost Audit Report, 201
Schedule-
Ground Ground
a) Quantitative Data OPC SRC Slag OPC SRC Slag
Quantity Sold 1,148,716 153,820 240 284,956 219,585 - 5,311 1,812,6
b) Sales Realization Value Ground GroundOPC SRC Slag OPC SRC Slag
Gross Sales 6,551,006 911,556 720 1,182,976 993,090 - 14,787 9,654,1
Less:
Sales Tax 897,027 124,416 98 - - - - 1,021,5
Special Excise Duty 48,096 6,734 6 - - - - 54,8
Federal Excise Duty 802,630 106,995 - - - - - 909,6
1,747,753 238,145 104 - - - - 1,986,0
Net Sales Realization 4,803,253 673,411 616 1,182,976 993,090 - 14,787 7,668,1
Ground Ground
a) Quantitative Data OPC SRC Slag OPC SRC Slag
Quantity Sold 1,079,181 170,831 2,205 358,290 110,860 2,000 17,990 1,741,3
b) Sales Realization Value Ground Ground
OPC SRC Slag OPC SRC Slag
Gross Sales 7,175,737 1,174,859 9,829 1,791,724 568,918 8,840 85,975 10,815,8
Less:
Sales Tax 976,433 160,236 1,344 - - - - 1,138,0
Special Excise Duty 51,526 8,538 86 - - - - 60,1
Federal Excise Duty 956,278 151,370 - - - - - 1,107,6
1,984,237 320,144 1,430 - - - - 2,305,8
Net Sales Realization 5,191,500 854,715 8,399 1,791,724 568,918 8,840 85,975 8,510,0
LOCAL SALES EXPORT SALES
TOTALCEMENT CEMENTClinker
Y E A R : 2 0 0 9
Quantity in Tonne
NET SALES REALIZATION
CEMENT
Y E A R : 2 0 1 0
CEMENT Clinker
Rupees in '000
LOCAL SALES EXPORT SALES
TOTAL
Quantity in Tonne
LOCAL SALES EXPORT SALES
TOTALCEMENT CEMENTClinker
Rupees in '000
LOCAL SALES EXPORT SALES
TOTALCEMENT CEMENTClinker
[ 14 ]
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Attock Cement Pakistan Limited Cost Audit Report, 2010
Schedule-3
Ground Ground
a) Quantitative Data OPC SRC Slag OPC SRC Slag
Quantity Sold 1,148,716 153,820 240 284,956 219,585 - 5,311 1,812,628
63.37 8.49 0.01 15.72 12.11 - 0.29
b) Product Wise Profit Ground Ground
OPC SRC Slag OPC SRC Slag
Net Sales 4,803,253 673,411 616 1,182,976 993,090 - 14,787 7,668,133
Less: Cost of Sales 3,618,577 505,596 408 870,051 703,028 - 12,506 5,710,166Gross Profit 1,184,676 167,815 208 312,925 290,062 - 2,281 1,957,967
Less:
Selling & distribution 65,274 8,741 14 16,192 12,478 - 302 103,000
Administrative exp. 116,564 15,609 24 28,915 22,282 - 539 183,933
Financial charges 49,195 6,588 10 12,204 9,404 - 227 77,628
Export expenses - - - 203,249 156,622 - 3,788 363,659
Other charges 65,255 8,738 14 16,187 12,474 - 302 102,969
Other income (165,745) (22,194) (35) (41,116) (31,683) - (766) (261,539)
130,543 17,480 27 235,632 181,576 - 4,392 569,650
Profit before taxation 1,054,133 150,335 181 77,293 108,486 - (2,111) 1,388,317
Ground Ground
a) Quantitative Data OPC SRC Slag OPC SRC Slag
Quantity Sold 1,079,181 170,831 2,205 358,290 110,860 2,000 17,990 1,741,357
61.97 9.81 0.13 20.58 6.37 0.11 1.03
b) Product Wise Profit Ground Ground
OPC SRC Slag OPC SRC Slag
Net Sales 5,191,500 854,715 8,399 1,791,724 568,918 8,840 85,975 8,510,071
Less: Cost of Sales 3,604,278 568,823 4,675 1,193,203 380,882 3,019 46,219 5,801,099
Gross Profit 1,587,222 285,892 3,724 598,521 188,036 5,821 39,756 2,708,972
Less:
Selling & distribution 78,163 12,373 160 25,950 8,029 145 1,303 126,123
Administrative exp. 113,052 17,896 231 37,534 11,613 210 1,885 182,420
Financial charges 74,221 11,749 152 24,642 7,624 138 1,237 119,763
Export expenses - - - 227,856 70,502 1,272 11,441 311,071
Other charges 91,350 14,460 187 30,328 9,384 169 1,523 147,402
Other income (103,206) (16,337) (211) (34,265) (10,602) (191) (1,720) (166,533)
253,580 40,141 518 312,045 96,551 1,742 15,668 720,246
Profit before taxation 1,333,642 245,751 3,206 286,475 91,484 4,079 24,088 1,988,726
Rupees in '000
LOCAL SALES EXPORT SALES
TOTALCEMENT CEMENTClinker
TOTAL
Quantity in Tonne
LOCAL SALES EXPORT SALES
TOTALCEMENT CEMENTClinker
Y E A R : 2 0 0 9
Quantity in Tonne
PROFITABILITY
CEMENT
Y E A R : 2 0 1 0
CEMENTClinker
Rupees in '000
LOCAL SALES EXPORT SALES
LOCAL SALES EXPORT SALES
TOTALCEMENT CEMENTClinker
[ 15 ]
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Attock Cement Pakistan Limited Cost Audit Report, 2010
2010
Rs. in '000
Cost of sales
(as per cost accounts) 5,710,166
Cost of sales
(as per financial accounts) 5,710,166
Reconciliation of Cost of Sales with Audited Financial Accounts
For the year ended June 30, 2010
Cost accounts are in agreement with audited financial accounts of the company for the year ended June 30,
2010 as shown below:
[ 16 ]
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% of Installed % of Installed
Capacity Capacity
Kiln - I 7,200 7,156 99.39 7,375 102.43
Kiln - II 7,200 7,511 104.32 7,462 103.64
Total 14,667 101.86 14,837 103.03
Cement Mill - I 7,200 6,341 88.07 6,097 84.68
Cement Mill - II 7,200 6,018 83.58 5,172 71.83
Cement Mill - III 7,200 6,061 84.19 5,004 69.50
Cement Mill - IV 7,200 5,958 82.75 6,041 83.90
Total 24,378 84.65 22,314 77.48
% of Installed % of InstalledCapacity Capacity
Kiln - I 720,000 742,996 103.19 750,508 104.24
Kiln - II 990,000 963,303 97.30 928,111 93.75
Total 1,706,299 99.78 1,678,619 98.16
Cement Mill - I 792,000 530,003 66.92 534,625 67.50
Cement Mill - II 324,000 201,380 62.15 174,216 53.77
Cement Mill - III 720,000 524,202 72.81 457,489 63.54
Cement Mill - IV 720,000 537,034 74.59 555,335 77.13
Total 1,792,619 70.13 1,721,665 67.36
Chief Executive Chief Financial Officer
Karachi: 25 OCT 2010
1,710,000
2,556,000
2010 2009
Utilized Capacity Utilized CapacityDepartments
2010Licensed /
Installed
Capacity
Licensed /
Installed
Capacity
Departments
14,400
28,800
Production Units (Tonne)
Machine Hours
Utilized CapacityUtilized Capacity
2009
ATTOCK CEMENT PAKISTAN LIMITE
STATEMENT OF CAPACITY UTILIZATION
under Rule 4(1)(a) of Companies (Audit of Cost Accounts) Rule 1998
As at June 30, 2010 as compared with June 30, 2009
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(Rupees in '000)
Quantity Cost in Quantity Cost in
( MT ) Rupees ( MT ) Rupees
Stock of Raw and Packing Material :
Shale & Overburden 754 Tonne 148 2,758 Tonne 505
Lime stone 8,021 Tonne 2,167 59,314 Tonne 10,689
Iron ore / Bauxitic Iron 30,465 Tonne 22,340 15,578 Tonne 9,704
Gypsum 29,600 Tonne 34,584 40,885 Tonne 60,860
Slag 8,955 Tonne 9,114 8,985 Tonne 9,144
Salica Sand 2,893 Tonne 970 3,208 Tonne 1,285
Packing bags 1,593,273 Nos. 29,627 2,885,495 Nos. 51,787
Sub Total : - 98,950 143,974
Stock of Work-in-Process :
Stock Pile Formation 7,663 Tonne 2,031 12,807 Tonne 3,325
Raw Meal 14,949 Tonne 6,947 16,047 Tonne 6,624
Clinker :
OPC 73,675 Tonne 173,040 124,083 Tonne 337,405
SRC 16,752 Tonne 39,121 7,839 Tonne 21,316
90,427 131,922
Sub Total : - 113,039 221,139 160,776 368,670
Stock of Finished Products :
Ordinary Portland Cement 14,464 Tonne 38,373 23,223 Tonne 73,835
Sulphate Resisting Cement 2,779 Tonne 7,707 8,478 Tonne 27,094Sub Total : - 17,243 46,080 31,701 100,929
Ground Slag 0.46 Tonne 1 211 Tonne 361
Grand Total : - 366,170 613,934
REMARKS:
01.
02.
Chief Executive Chief Financial Officer
Karachi: 25 OCT 2010
20092010
ATTOCK CEMENT PAKISTAN LIMITED
STATEMENT OF STOCK-IN-TRADEunder Rule 4(1)(b) of Companies (Audit of Cost Accounts) Rule 1998
As at June 30, 2010 as compared with June 30, 2009
In terms of clause 3(2) of Companies (Audit of Cost Accounts) Rules, 1998 (SRO: 846/(1)/98) dt. July 24,
1998, the Cost Auditors were appointed by the directors with the prior approval of Securities & Exchange
Commission of Pakistan within sixty days of the close of financial year of the company.
In view of the above mentioned constrains appointing the Cost Auditors after the close of the financial
year; the cost auditors were not present on the date of physical stock taking as of the close of the financial
year. Under these circumstances, the physical stock taking carried out and financial accounts as certified
by the statutory auditors as of June 30, 2010 were relied upon for the purpose of the above mentioned
statement of stock in trade [under clause (4)(1)(b) of Companies (Audit of Cost Accounts) Rules, 1998].
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Annexure-I
A. Quantitative Data
2010 2009
Tonne Tonne
Opening stock at quarry 62,073 124,836 (62,763)
Quantity quarried
Limestone 1,128,570 1,016,765 111,805
Shale / Overburden 1,384,517 1,495,508 (110,991)
2,513,087 2,512,273 814
Total available stock 2,575,160 2,637,109 (61,949)
Quantity transported to crusher
Limestone 1,179,863 1,074,310 105,553
Shale / Overburden 1,386,521 1,500,726 (114,205)
2,566,384 2,575,036 (8,652)
Closing stock at quarry 8,776 62,073 (53,297)
B. Cost Statement
Rs. in '000' Rs.Per Tonne Rs. in '000' Rs.Per Tonne
Direct Departmental Costs:
Explosives (if any) 31,125 12.39 25,482 10.14
Royalty and duties 146,078 58.13 75,255 29.95
Labour cost 27,652 11.00 29,908 11.90
Salaries 6,947 2.76 7,514 2.99
Employee's other benefits 8,774 3.49 9,490 3.78
Contract Labour 4,279 1.70 4,628 1.84
Insurance 1,977 0.79 2,422 0.96
Stores & spares 9,482 3.77 4,223 1.68
Repairs and maintenance 2,478 0.99 2,781 1.11
Diesel-oil 1,313 0.52 3,726 1.48
Depreciation 10,593 4.22 18,763 7.47
250,698 99.76 184,192 73.32
Indirect Departmental Costs :
Compressed Air (Annexure IX) - - - -
Power (Annexure X) - - - -
Other Factory Expenses (Annexure XI) 31,811 12.66 35,759 14.23
31,811 12.66 35,759 14.23
Total cost of the period 282,509 112.42 219,951 87.55
Add : Cost of opening stock 11,194 - 19,994 -
Total cost of available stock : 293,703 114.05 239,945 90.99
C. Cost Distribution
Cost transferred to crusher. 291,388 113.54 228,751 88.83
Cost of closing stock. 2,315 - 11,194 -
Total cost accounted for: 293,703 114.05 239,945 90.99
Chief Executive Chief Financial Officer
ATTOCK CEMENT PAKISTAN LIMITED
Cost
Sub-Total :
Sub-Total :
Tonne
2010 2009
NAME OF DEPARTMENT - QUARRY
FOR THE YEAR ENDED JUNE 30, 2010
Increase/(Decrease)
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Annexure-II
A. Quantitative Data
Quantity transported from quarry :
(i) Shale/Overburden 1,386,521 1,500,726 (114,205)
(ii) Lime Stone 1,179,863 1,074,310 105,553
(iii) Gypsum
Total: 2,566,384 2,575,036 (8,652)
B. Cost Statement
Cost Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
Direct Departmental Costs :
(a) Outside contract costs
of transportation :
(i) Shale/Overburden 85,540 61.69 102,010 67.97 (16,470) (6.28)
(ii) Lime Stone 106,771 90.49 95,370 88.77 11,401 1.72
(iii) Gypsum - - - - - -
Sub-Total (a) : 192,311 74.93 197,380 76.65 (5,069) (1.72)
(b) Own transportation costs :
Duties (if any) - - - - - -
Labour costs - - - - - -
Salaries - - - - - -
Employee's other benefits - - - - - -
Indirect materials - - - - - -
Insurance - - - - - -
Repairs and maintenance - - - - - -
Fuel Oil - - - - - -
Greases - - - - - -
Gas - - - - - -
Tyres and tubes - - - - - -
Depreciation - - - - - -
Other Overheads - - - - - -
Sub-Total (b) : - - - - - -
Indirect Departmental Costs : - - - - - -
Compressed Air (Annexure IX) - - - - - -
Power (Annexure X) - - - - - -
Other Factory Expenses - - - - - -
(Annexure XI) - - - - - -
Sub-Total : - - - - - -Total own transportation cost:
(c) Total transportation cost 192,311 74.93 197,380 76.65 (5,069) (1.72)
C. Cost Distribution.
Apportioned to :
(i) Shale/Overburden 85,540 61.69 102,010 67.97 (16,470) (6.28)
(ii) Lime Stone 106,771 90.49 95,370 88.77 11,401 1.72
(iii) Gypsum - - - - - -
Total : 192,311 74.93 197,380 76.65 (5,069) (1.72)
Chief Executive Chief Financial Officer
ATTOCK CEMENT PAKISTAN LIMITED
FOR THE YEAR ENDED JUNE 30, 2010
DEPARTMENTAL COST STATEMENT
NAME OF DEPARTMENT - TRANSPORTATION
2010 2009 Increase/(Decrease)
Increase/(Decrease)20092010
Tonne Tonne Tonne
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Annexure-III
A. Quantitative Data
2010 2009 2010 2009 2010 2009
Opening Stock (uncrushed material). - - - - - -
Add : Received from quarry 1,386,521 1,500,726 1,179,863 1,074,310 2,566,384 2,575,036
Total available for crushing : 1,386,521 1,500,726 1,179,863 1,074,310 2,566,384 2,575,036
Less : Closing Stock (uncrushed - - - - - -
material).
Crushed during the period 1,386,521 1,500,726 1,179,863 1,074,310 2,566,384 2,575,036
Add : Opening Stock (Crushed material). - - - - 12,807 19,009
Total Crushed Material Available : 1,386,521 1,500,726 1,179,863 1,074,310 2,579,191 2,594,045
Less : Closing Stock (Crushed material). - - - - 7,663 12,807
Stock Reconciliation :
Transferred to raw mill. - - - - 2,571,528 2,581,238
Stock Adjustment. - - - - - -
Total : - - - - 2,571,528 2,581,238
B. Cost Statement
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
Direct Departmental Costs :
Labour cost 1,895 0.74 2,050 0.80 (155) (0.06)
Salaries 3,815 1.49 4,126 1.60 (311) (0.12)
Employee's other benefits 2,184 0.85 2,361 0.92 (177) (0.07)
Contract Labour - - - - - -
Stores & spares 25,905 10.09 19,078 7.41 6,827 2.69
Repair and maintenance 4,459 1.74 5,006 1.94 (547) (0.21)
Insurance 283 0.11 346 0.13 (63) (0.02)
Depreciation 8,285 3.23 14,675 5.70 (6,390) (2.47)Sub-Total (a) : 46,826 18.25 47,642 18.50 (816) (0.26)
Indirect Departmental Costs :
Compressed Air (Annexure IX) - - - - - -
Power (Annexure X) 29,187 11.37 22,309 8.66 6,878 2.71
Other Factory Expenses 36,813 14.34 41,380 16.07 (4,567) (1.73)
(Annexure XI)
Sub-Total (b) : 66,000 25.72 63,689 24.73 2,311 0.98
Total Cost(a+b) : 112,826 43.96 111,331 43.23 1,495 0.73
ATTOCK CEMENT PAKISTAN LIMITED
FOR THE YEAR ENDED JUNE 30, 2010
DEPARTMENTAL COST STATEMENT
NAME OF DEPARTMENT - CRUSHING
Total (Tonne)Shale/Overb. - Tonne Lime Stone -Tonne
2010 2009 Increase/(Decrease)
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Cont'd Annexure-III
C. Cost Distribution
(On time or other appropriate basis)
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
Shale/Overburden - - - - - -
Lime Stone - - - - - -
Gypsum - - - - - -
D. Cost Transferred and Cost of
Closing Stock Cost Summary
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
(a) Opening Stock (Uncrushed) - - - - - -
(b) Cost received 291,388 113.54 228,751 88.83 62,637 24.71
(during the year) - quarry
Cost received 192,311 74.93 197,380 76.65 (5,069) (1.72)
(during the year) - transport
(c) Total Cost for uncrushed materials
(a+b) 483,699 188.47 426,131 165.49 57,568 22.99
(d) Cost applicable for closing stock
(uncrushed) - - - - - -
(e) Cost applicable for crushed material
(c-d) 483,699 188.47 426,131 165.49 57,568 22.99
(f) Cost of crushing process
(from above) 112,826 43.96 111,331 43.23 1,495 0.73
(g) Opening stock (crushed material) 3,325 - 4,391 231.00 (1,066) -
(h) Total cost applicable to crushed 599,850 232.57 541,854 208.88 57,996 23.69
material (e + f + g)
(j) Closing stock (crushed material) 2,031 - 3,325 259.62 (1,294) -
(k) Cost transferred to Raw mill (h-j) 597,819 232.48 538,529 208.63 59,290 23.84
Chief Executive Chief Financial Officer
Attock Cement Pakistan Limited
2010 2009
Increase/(Decrease)
Increase/(Decrease)
2010 2009
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Annexure-IV
A. Quantitative Data
For the year Last year For the year Last year For the year Last year
tonne tonne tonne tonne tonne tonne
Opening Stock.
Received from crusher.
Purchased.
Total
Issued to Mix/Slurry.
Stock Adjustment.
Closing Stock.
B. Cost Statement
Rs. 000 per tonne Rs. 000 per tonne
Labour Costs :
Salaries.
Employees' other benefits.
Indirect materials.
Repairs and maintenance.
Insurance.
Fuel-Oil.
Gas
Depreciation
Other Overheads
Sub-Total (a) :
Indirect Departmental Costs :
Compressed Air (Annexure IX).
Power (Annexure X)
Other Expenses (Annexure XI).
Sub-Total (b) :
Total Cost (a+b) :
C: Cost Distribution
Quantity issued to Cost of Stock Hall Cost of Applicable to
Raw Mill Applicable to issues Closing Stock
(tonnes) ----------------------------------- -----------------------------------
Rs. in '000 Rs. / Tonne Rs. in '000 Rs. / Tonne
Shale/Overburden
Lime Stone. -
Gypsum.
Total.
D. Cost Summary (Upto Stock Hall Stage)
Cost Transferred and Cost of closing Stock:
Rs. in '000 Rs. / Tonne Rs. in '000 Rs. / Tonne Rs. in '000 Rs. / Tonne
Opening Stock.
Add : Received from Crusher/
purchases.
Stock Hall
Cost.
Total :
Less: Cost of closing stock.
Cost applicable to quantities
issued to Raw Mill.
Chief Executive Chief Financial Officer
ATTOCK CEMENT PAKISTAN LIMITED
DEPARTMENTAL COST STATEMENT
NAME OF DEPARTMENT - STOCK HALL STORAGE/ISSUAGE OF RAW MATERIAL
FOR THE YEAR ENDED JUNE 30, 2010
Gypsum
GypsumShale/Overburden Lime Stone
Shale/Overburden Lime Stone
For the year Last year
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Annexure-V
A. Quantitative Data
Tonne Tonne Tonne2010 2009 2010 2009 2010 2009
Opening Stock. - - - - 16,047 13,353
Received from Crushing. 1,328,708 1,577,137 1,242,819 1,004,101 2,571,528 2,581,238
Add: Iron ore - - - - 92,464 86,484
Bauxitic Iron/Slica sand - - - - 64,990 20,762
Total: 1,328,708 1,577,137 1,242,819 1,004,101 2,728,981 2,688,484
Issued for Mix/Slurry. - - - - 2,745,028 2,701,837
Total Raw Meal Produced. - - - - 2,745,028 2,701,837
Mix/Slurry transferred to clinkering. - - - - 2,730,078 2,685,790
Closing Stock. - - - - 14,950 16,047
B. Cost Statement
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
Direct Material :
(1) Opening Stock - - - - - -
(2) Received from crushing 597,819 219.06 538,529 200.31 59,290 18.75
(3) Total. 597,819 219.06 538,529 200.31 59,290 18.75
(4) Closing Stock - - - - - -
Cost of raw materials processed (3)-(4) 597,819 219.06 538,529 200.31 59,290 18.75
Direct Departmental Costs:
Diect material 87,737 32.15 65,100 24.21 22,637 7.94Labour 4,124 1.51 4,460 1.66 (336) (0.15)Salaries 3,315 1.21 3,585 1.33 (270) (0.12)Employee's other benefit 3,209 1.18 3,471 1.29 (262) (0.12)Contract labou - - - - - -Repairs and maintenac 10,899 3.99 12,236 4.55 (1,337) (0.56)
Stores & spares 75,562 27.69 55,644 20.70 19,918 6.99Linning plat 616 0.23 7,335 2.73 (6,719) (2.50)Grinding medi 279 0.10 3,132 1.16 (2,853) (1.06)Water 704 0.26 748 0.28 (44) (0.02)Dereciation 36,960 13.54 65,456 24.35 (28,496) (10.80)Insurance 3,955 1.45 4,844 1.80 (889) (0.35)
Sub-Total (a) : 825,179 302.38 764,539 284.38 60,640 18.00
Indirect Departmental Costs : Compressed Air (Annexure IX - - - - - -Power (Annexure X 204,489 74.93 156,292 58.13 48,197 16.80Other Factory Expenses 73,543 26.95 82,670 30.75 (9,127) (3.80)
(Annexure XI)
Sub-Total (b) : 278,032 101.88 238,962 88.88 39,070 13.00
Total Cost (a+b) : 1,103,211 404.26 1,003,501 373.26 99,710 31.00
Cost of opening stock 6,624 - 4,982 - 1,642 -Total cost of slurry available 1,109,835 404.31 1,008,483 373.26 101,352 31.05
C. Cost Distribution
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonneTransferred to Kiln 1,102,888 403.98 1,001,859 373.02 101,029 30.95Closing stock of mix/slurr 6,947 - 6,624 - 323 -
Total : 1,109,835 404.31 1,008,483 373.26 101,352 31.05
Chief Executive Chief Financial Officer
ATTOCK CEMENT PAKISTAN LIMITED
DEPARTMENTAL COST STATEMENT
NAME OF DEPARTMENT - RAW MILL (FOR MIX/SLURRY)
FOR THE YEAR ENDED JUNE 30, 2010
Mix/Slurry
2010 2009
2010 2009
Shale/Overburden Lime Stone
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Annexure-VI
A. Quantitative Data - Combined (OPC + SRC)
2010 2009
Tonne Tonne
Opening Stock. - - -
Quantity received from Raw Mill. 2,730,078 2,685,791 44,287
Total : 2,730,078 2,685,791 44,287
Quantity fed into (the) Kiln. 2,730,078 2,685,791 44,287
Stock Adjustment - Burning loss. 1,023,779 1,007,171 16,608
Closing Stock. - - -
Clinker Produced. 1,706,299 1,678,619 27,680
Clinker purchased - 37,695 (37,695)
Opening Stock of Clinker. 131,922 93,866 38,056
Total available stock : 1,838,221 1,810,180 28,041
Clinker transferred to Grinding. 1,742,483 1,660,268 82,215
Clinker sold (Local) - - -
Clinker sold (Export) 5,311 17,990 (12,679)
Total clinker sold 5,311 17,990 (12,679)
Closing Stock of Clinker. 90,427 131,922 (41,495)
B: Cost Statement - Combined (OPC + SRC)
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
Cost received from Raw Mill :
(1) Opening Stock. - - - -
(2) Received during the year. 1,102,888 646.36 1,001,859 596.84
(3) Total 1,102,888 646.36 1,001,859 596.84
(4) Closing Stock. - - - -
Cost to be charged to the process (3) (4). 1,102,888 646.36 1,001,859 596.84
Direct Departmental Costs :
Local Clinker Purchase - - 111,230 66.26
Clinker handling charges 17,132 10.04 18,734 11.16
Labour 4,772 2.80 5,161 3.07
Salaries 32,710 19.17 35,379 21.08
Employees' other benefits 7,815 4.58 8,453 5.04
Contract labour 7,971 4.67 8,621 5.14
Linning plate 411 0.24 3,667 2.18
Bricks 36,936 21.65 14,350 8.55
Coal / Gas / Oil 1,906,268 1,117.19 2,382,407 1,419.27
Water 7,032 4.12 7,482 4.46
Repairs and maintenance 9,908 5.81 11,124 6.63
Stores & spares 32,149 18.84 36,525 21.76
Depreciation 113,520 66.53 201,045 119.77
Insurance 12,099 7.09 14,879 8.86
Sub-Total (a) : 3,291,611 1,929.09 3,860,916 2,300.06
ATTOCK CEMENT PAKISTAN LIMITED
DEPARTMENTAL COST STATEMENT
NAME OF DEPARTMENT - KILN
FOR THE YEAR ENDED JUNE 30, 2010
Increase/(Decrease)
Tonne
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Cont'd Annexure-VI
Indirect Departmental Costs :
Compressed Air (Annexure IX) - - - -
Power (Annexure X) 642,477 376.53 491,049 292.53
Other Factory Expenses (Annexure XI) 94,630 55.46 106,374 63.37
Sub Total (b) : 737,107 431.99 597,423 355.90
Total Cost (a+b) : 4,028,718 2,361.09 4,458,339 2,655.97
Opening Stock - Clinker 358,721 - 205,789 -
Total cost of clinker available 4,387,439 2,386.79 4,664,128 2,576.61
Less : Cost of clinker sold (if any) 12,506 2,354.83 46,219 2,569.15
Net Cost. 4,374,933 2,386.79 4,617,909 2,576.61
C. Cost Distribution - Combined (OPC + SRC)
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
Cost transferred to Grinding 4,162,772 2,388.99 4,259,188 2,565.36
Cost of closing Stock of Clinker 212,161 - 358,721 -Total : 4,374,933 2,386.79 4,617,909 2,576.61
Chief Executive Chief Financial Officer
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Annexure-VI (A)
A. Quantitative Data - OPC
2010 2009
Tonne Tonne
Opening Stock. - - -
Quantity received from Raw Mill. 2,143,432 2,252,610 (109,178)
Total : 2,143,432 2,252,610 (109,178)
Quantity fed into (the) Kiln. 2,143,432 2,252,610 (109,178)
Stock Adjustment - Burning loss. 803,787 844,728 (40,941)
Closing Stock. - - -
Clinker Produced. 1,339,645 1,407,882 (68,237)
Clinker purchased - 37,695 (37,695)
Opening Stock of Clinker. 124,083 82,872 41,211
Total available stock : 1,463,728 1,528,449 (64,721)
Clinker transferred to Grinding. 1,384,742 1,386,376 (1,634)
Clinker sold (Local) - - -
Clinker sold (Export) 5,311 17,990 (12,679)
Total clinker sold 5,311 17,990 (12,679)
Closing Stock of Clinker. 73,675 124,083 (50,408)
B: Cost Statement - OPC
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
Cost received from Raw Mill :
(1) Opening Stock. - - - -
(2) Received during the year. 825,375 616.11 840,259 596.82
(3) Total 825,375 616.11 840,259 596.82
(4) Closing Stock. - - - -
Cost to be charged to the process (3) (4). 825,375 616.11 840,259 596.82
Direct Departmental Costs :
Local Clinker Purchase - - 111,230 79.01
Clinker handling charges 13,450 10.04 15,630 11.10
Labour 4,772 3.56 5,161 3.67
Salaries 26,251 19.60 28,393 20.17
Employees' other benefits 5,094 3.80 5,510 3.91
Contract labour 7,971 5.95 8,621 6.12
Linning plate 274 0.20 3,060 2.17
Bricks 36,936 27.57 14,350 10.19
Coal / Gas / Oil 1,496,610 1,117.17 1,991,126 1,414.27
Water 5,820 4.34 6,193 4.40
Repairs and maintenance 7,431 5.55 8,343 5.93
Stores & spares 17,037 12.72 25,396 18.04
Depreciation 95,209 71.07 168,616 119.77
Insurance 9,488 7.08 12,479 8.86
Sub-Total (a) : 2,551,718 1,904.77 3,244,368 2,304.43
ATTOCK CEMENT PAKISTAN LIMITED
DEPARTMENTAL COST STATEMENT
NAME OF DEPARTMENT - KILN
FOR THE YEAR ENDED JUNE 30, 2010
2010 2009
Increase/(Decrease)
Tonne
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Cont'd Annexure-VI (A)
Indirect Departmental Costs :
Compressed Air (Annexure IX) - - - -
Power (Annexure X) 478,710 357.34 411,843 292.53
Other Factory Expenses (Annexure XI) 78,950 58.93 88,748 63.04
Sub Total (b) : 557,660 416.27 500,591 355.56
Total Cost (a+b) : 3,109,378 2,321.05 3,744,959 2,659.99
Opening Stock - Clinker - OPC 337,405 - 181,879 -
Total cost of clinker available 3,446,783 2,354.80 3,926,838 2,569.17
Less : Cost of clinker sold (if any) 12,506 2,354.83 46,219 2,569.17
Net Cost. 3,434,277 2,354.80 3,880,618 2,569.17
C. Cost Distribution - OPC
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
Cost transferred to Grinding 3,261,237 2,355.12 3,543,213 2,555.74
Cost of closing Stock of Clinker 173,040 - 337,405 -
Total : 3,434,277 2,354.80 3,880,618 2,569.17
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Annexure-VI (B)
A. Quantitative Data - SRC
2010 2009
Tonne Tonne
Opening Stock. - - -
Quantity received from Raw Mill. 586,646 433,181 153,465
Total : 586,646 433,181 153,465
Quantity fed into (the) Kiln. 586,646 433,181 153,465
Stock Adjustment - Burning loss. 219,992 162,443 57,549Closing Stock. - - -
Clinker Produced. 366,654 270,738 95,916
Opening Stock of Clinker. 7,839 10,993 (3,154)
Total available stock : 374,493 281,731 92,762
Clinker transferred to Grinding. 357,741 273,892 83,849
Clinker sold. - - -
Stock Adjustment. - - -
Closing Stock of Clinker. 16,752 7,839 8,913
Total : 374,493 281,731 92,762
B: Cost Statement - SRC
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
Cost received from Raw Mill :
(1) Opening Stock. - - - -
(2) Received during the year. 277,513 756.88 161,600 596.89
(3) Total 277,513 756.88 161,600 596.89
(4) Closing Stock. - - - -
Cost to be charged to the process 277,513 756.88 161,600 596.89
(3) - (4).
Direct Departmental Costs :
Clinker handling 3,682 10.04 3,104 11.46Salaries 6,459 17.62 6,986 25.80
Employees' other benefits 2,721 7.42 2,943 10.87
Coal / Gas / Oil 409,658 1,117.29 391,281 1,445.24
Linning plate 137 0.37 607 2.24
Water 1,212 3.31 1,289 4.76
Repairs and maintenance 2,477 6.76 2,781 10.27
Stores & spares 15,112 41.22 11,129 41.11
Depreciation 18,311 49.94 32,429 119.78
Insurance 2,611 7.12 2400 8.86
Sub-Total (a) : 739,893 2,017.96 616,549 2,277.29
ATTOCK CEMENT PAKISTAN LIMITED
DEPARTMENTAL COST STATEMENT
Tonne
NAME OF DEPARTMENT - KILN
FOR THE YEAR ENDED JUNE 30, 2010
2010 2009
Increase/(Decrease)
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Cont'd Annexure-VI (B)
Indirect Departmental Costs :
Compressed Air (Annexure IX) - - - -
Power (Annexure X) 163,767 446.65 79,206 292.56
Other Factory Expenses (Annexure XI) 15,680 42.77 17,626 65.10
Sub Total (b) : 179,447 489.42 96,832 357.66
Total Cost (a+b) : 919,340 2,507.38 713,381 2,634.95
Opening Stock - Clinker 21,316 - 23,910 -
Total cost of clinker available 940,656 2,511.81 737,291 2,617.00
Less : Value of clinker sold (if any) - - - -
Net Cost 940,656 2,511.81 737,291 2,617.00
C. Cost Distribution - SRC
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
Cost transferred to Grinding 901,535 2,520.08 715,975 2,614.08
Cost of closing Stock of Clinker 39,121 - 21,316 -Total : 940,656 2,511.81 737,291 2,617.00
.
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Annexure-VII
A. Quantitative Data - Combined (OPC + SRC)
2010 2009
Tonne Tonne
Opening Stock (Clinker) : - - -
Clinker received from Kiln. 1,742,483 1,660,268 82,215
Stock Adjustment - Inter transfers :(Annex-VII-C) - - -
Material added - Gypsum 50,136 61,397 (11,261)
- Slag - - -
Total : 1,792,619 1,721,665 70,954
Clinker fed into Grinding. 1,792,619 1,721,665 70,954
Stock Adjustment. - - -
Closing Stock of Clinker. - - -
Opening Stock of Cement. 31,701 29,198 2,503
Cement produced. 1,792,619 1,721,665 70,954
Total available stock: 1,824,320 1,750,863 73,457
Cement produced as % of input. 100 100 -
Cement transferred to silos. 1,807,077 1,719,162 87,915
Stock Adjustment. - - -
Closing Stock of Cement. 17,243 31,701 (14,458)
B. Cost Statement - Combined (OPC + SRC)
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
Cost received from Kiln :
(1) Opening Stock. - - - -
(2) Received during the year. 4,162,772 2,322.17 4,259,188 2,473.88
(3) Inter transfers. - - - -(4) Total cost of Clinker. 4,162,772 2,322.17 4,259,188 2,473.88
(5) Cost of Closing Stock (Clinker). - - - -
Cost of clinker fed to Grinding process 4,162,772 2,322.17 4,259,188 2,473.88
Direct Departmental Costs :
Material added :
Gypsum 68,993 38.49 82,849 48.12
Labour 3,677 2.05 3,977 2.31
Salaries 6,550 3.65 7,084 4.11
Employee's other benefits 3,408 1.90 3,686 2.14
Contract labour 1,727 0.96 1,868 1.08
Grinding media 2,507 1.40 28,190 16.37Linning plate 5,818 3.25 62,349 36.21
Stores & spares 34,543 19.27 25,437 14.77
Repairs and maintenance 6,440 3.59 7,231 4.20
Water 2,107 1.18 2,242 1.30
Depreciation 87,120 48.60 154,290 89.62
Insurance 9,322 5.20 11,418 6.63
Sub-Total (a) : 4,394,984 2,451.71 4,649,809 2,700.76
ATTOCK CEMENT PAKISTAN LIMITED
DEPARTMENTAL COST STATEMENT
NAME OF DEPARTMENT - GRINDING (CEMENT)
FOR THE YEAR ENDED JUNE 30, 2010
Increase / (Decrease)
Tonne
2010 2009
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Cont'd Annexure-VII
Indirect Departmental Costs :
Compressed Air (Annex IX) - - - -
Power (Annex X) 478,347 266.84 365,603 212.35
Other factory Expenses (Annex XI) 135,569 75.63 152,393 88.51
Sub-Total (b) : 613,916 342.47 517,996 300.87
Total Cost (a+b) : 5,008,900 2,794.18 5,167,805 3,001.63
Less: Transfer to Ground Slag - - - -
5,008,900 2,794.18 5,167,805 3,001.63
Opening stock - Cement 100,929 - 76,547 -
Cost of Cement available 5,109,829 2,800.95 5,244,352 2,995.30
C. Cost Distribution - Combined (OPC + SRC)
Cost transferred to Silos 5,063,749 2,802.18 5,143,423 2,991.82
Cost of Closing Stock of Cement 46,080 - 100,929 -
Total : 5,109,829 2,800.95 5,244,352 2,995.30
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Annexure-VII (A)
A. Quantitative Data - OPC
2010 2009
Tonne Tonne
Opening Stock (Clinker) : - - -
Clinker received from Kiln. 1,384,742 1,386,376 (1,634)
Stock Adjustment - Inter transfers - - -
Material added - Gypsum 40,171 50,070 (9,899)
- Slag - - -
Total : 1,424,913 1,436,446 (11,533)
Clinker fed into Grinding. 1,424,913 1,436,446 (11,533)
Stock Adjustment. - - -
Closing Stock of Clinker. - - -
Opening Stock of Cement. 23,223 24,248 (1,025)
Cement produced. 1,424,913 1,436,446 (11,533)Total available stock: 1,448,136 1,460,694 (12,558)
Cement produced as % of input. 100 100 -
Cement transferred to silos. 1,433,672 1,437,471 (3,799)
Stock Adjustment. - - -
Closing Stock of Cement. 14,464 23,223 (8,759)
B. Cost Statement
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
Cost received from Kiln :
(1) Opening Stock. - - - -
(2) Received during the year. 3,261,237 2,288.73 3,543,213 2,466.65
(3) Inter transfers. - - - -
(4) Total cost of Clinker. 3,261,237 2,288.73 3,543,213 2,466.65(5) Cost of Closing Stock (Clinker). - - - -
Cost of clinker fed to Grinding process 3,261,237 2,288.73 3,543,213 2,466.65
Direct Departmental Costs :
Material added :
Gypsum 54,843 38.49 69,121 48.12
Labour 3,023 2.12 3,270 2.28
Salaries 5,386 3.78 5,825 4.06
Employee's other benefits 2,802 1.97 3,031 2.11
Contract labour 1,420 1.00 1,536 1.07
Grinding media 2,089 1.47 23,519 16.37
Linning plate 4,860 3.41 52,130 36.29
Stores & spares 32,384 22.73 23,847 16.60
Repairs and maintenance 3,963 2.78 4,450 3.10
Water 1,734 1.22 1,845 1.28
Depreciation 72,684 51.01 128,724 89.61
Insurance 7,410 5.20 9,519 6.63
Sub-Total (a) : 3,453,835 2,423.89 3,870,031 2,694.17
ATTOCK CEMENT PAKISTAN LIMITED
Increase / (Decrease)
Tonne
2010 2009
DEPARTMENTAL COST STATEMENT
NAME OF DEPARTMENT - GRINDING (CEMENT)
FOR THE YEAR ENDED JUNE 30, 2010
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Cont'd Annexure-VII (A)
Indirect Departmental Costs :
Compressed Air (Annex IX) - - - -
Power (Annex X) 380,238 266.85 305,023 212.35
Other factory Expenses (Annex XI) 112,914 79.24 126,927 88.36
Sub-Total (b) : 493,152 346.09 431,950 300.71
Total Cost (a+b) : 3,946,987 2,769.98 4,301,981 2,994.88
Less: Transfer to Ground Slag - - - -
3,946,987 2,769.98 4,301,981 2,994.88
Opening stock - Cement 73,835 - 63,978 -
Cost of Cement available 4,020,822 2,776.55 4,365,959 2,988.96
C. Cost Distribution
Cost transferred to Silos 3,982,449 2,777.80 4,292,124 2,985.89
Cost of Closing Stock of Cement 38,373 - 73,835 -
Total : 4,020,822 2,776.55 4,365,959 2,988.96
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Annexure-VII (B)
A. Quantitative Data - SRC
2010 2009
Tonne Tonne
Opening Stock (Clinker) : - - -
Clinker received from Kiln. 357,741 273,892 83,849
Stock Adjustment - Inter transfers : - -
Material added - Gypsum 9,965 11,327 (1,362)
- Slag - - -
Total : 367,706 285,219 82,487
Clinker fed into Grinding. 367,706 285,219 82,487
Stock Adjustment. - - -
Closing Stock of Clinker. - - -
Opening Stock of Cement. 8,478 4,950 3,528
Cement produced. 367,706 285,219 82,487
Total available stock: 376,184 290,169 86,015
Cement produced as % of input. 100 100 -
Cement transferred to silos. 373,405 281,691 91,714
Stock Adjustment. - - -
Closing Stock of Cement. 2,779 8,478 (5,699)
B. Cost Statement
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
Cost received from Kiln :
(1) Opening Stock. - - - -
(2) Received during the year. 901,535 2,451.78 715,975 2,510.26
(3) Inter transfers.(4) Total cost of Clinker. 901,535 2,451.78 715,975 2,510.26
(5) Cost of Closing Stock (Clinker). - - - -
Cost of clinker fed to Grinding process 901,535 2,451.78 715,975 2,510.26
Direct Departmental Costs :
Material added :
Gypsum 14,150 38.48 13,728 48.13
Labour 654 1.78 707 2.48
Salaries 1,164 3.17 1,259 4.41
Employee's other benefits 606 1.65 655 2.30
Contract labour 307 0.83 332 1.16
Grinding media 418 1.14 4,671 16.38Linning plate 958 2.61 10,219 35.83
Stores & spares 2,159 5.87 1,590 5.57
Repairs and maintenance 2,477 6.74 2,781 9.75
Water 373 1.01 397 1.39
Depreciation 14,436 39.26 25,566 89.64
Insurance 1,912 5.20 1,899 6.66
Sub-Total (a) : 941,149 2,559.51 779,778 2,733.96
ATTOCK CEMENT PAKISTAN LIMITED
Increase / (Decrease)
Tonne
DEPARTMENTAL COST STATEMENT
NAME OF DEPARTMENT - GRINDING (CEMENT)
FOR THE YEAR ENDED JUNE 30, 2010
2010 2009
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Cont'd Annexure-VII (B)
Indirect Departmental Costs :
Compressed Air (Annex IX) - - - -
Power (Annex X) 98,109 266.81 60,580 212.40
Other factory Expenses (Annex XI) 22,655 61.61 25,466 89.29
Sub-Total (b) : 120,764 328.43 86,046 301.68
Total Cost (a+b) : 1,061,913 2,887.94 865,824 3,035.65
Less: Transfer to Ground Slag - - - -
1,061,913 2,887.94 865,824 3,035.65
Opening stock - Cement 27,094 - 12,569 -
Cost of Cement available 1,089,007 2,894.88 878,393 3,027.18
C. Cost Distribution
Cost transferred to Silos 1,081,300 2,895.78 851,299 3,022.10
Cost of Closing Stock of Cement 7,707 - 27,094 -
Total : 1,089,007 2,894.88 878,393 3,027.18
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Annexure-VIII
A. Quantitative Data - Combined (OPC + SRC)
2010 2009
Tonne Tonne
Opening stock of Cement (Un-packed). - - -
Add : Cement received from Grinding dept. 1,807,077 1,719,162 87,915
Total : 1,807,077 1,719,162 87,915
Less : Closing stock of cement (Un-packed). - - -
Cement sold during the period : Packed 1,715,452 1,534,581 180,871
Bulk 91,625 184,581 (92,956)
1,807,077 1,719,162 87,915
Add: Opening stock of cement (packed) - - - -(No. of bags) - - -
Less : Quantity sold (No. of bags). 34,309,036 30,691,620 3,617,416
Closing stock of cement (packed). (No. of bags). - - -
Stock adjustment (if any). (No. of bags). - - -
B. Cost Statement - Combined (OPC + SRC)
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
Cost of opening stock-unpacked - - -
Cost transferred in from cement Grinding dept. 5,063,749 2,802.18 5,143,423 2,991.82
Direct Departmental Costs :
Packing materials 552,724 322.20 514,606 335.34
Labour 2,098 1.22 2,269 1.48Salaries 3,496 2.04 3,781 2.46
Employees' other benefits 1,927 1.12 2,084 1.36
Contractor Labour 39 0.02 43 0.03
Repair and maintenance 15,359 8.95 17,242 11.24
Insurance 565 0.33 692 0.45
Depreciation 5,280 3.08 9,351 6.09
Sub-Total (a) : 5,645,237 3,141 5,693,491 3,350
Indirect Departmental Costs :
Compressed Air (Annex IX) - - - -
Power (Annex X) 16,553 9.65 12,651 8.24
Other Factory Expenses (Annexure XI) 44,341 25.85 49,844 32.48
Sub-Total (b) : 60,894 35.50 62,495 40.72Total Cost (a+b) 5,706,131 3,176.64 5,755,986 3,390.99
Less : Cost applicable to un-packed closing stock - - - -
Cost applicable to packed closing stock - - - -
Balance : Cost of packed cement sold Local 5,445,323 3,174.28 5,193,591 3,384.37
Cost of loose cement sold (if any) 260,808 2,846.46 562,395 3,046.87
Cost of Total cement sold : 5,706,131 3,176.64 5,755,986 3,390.99
Chief Executive Chief Financial Officer
ATTOCK CEMENT PAKISTAN LIMITED
DEPARTMENTAL COST STATEMENT
NAME OF DEPARTMENT - PACKING & STORAGE
FOR THE YEAR ENDED JUNE 30, 2010
Increase / (Decrease)
Tonne
2010 2009
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Annexure-VIII (A)
A. Quantitative Data - OPC
2010 2009
Tonne Tonne
Opening stock of Cement (Un-packed). - - -
Add : Cement received from Grinding dept. 1,433,672 1,437,471 (3,799)
Total : 1,433,672 1,437,471 (3,799)
Less : Closing stock of cement (Un-packed). - - -
Cement sold during the period : Packed 1,356,371 1,272,667 83,704
Bulk 77,301 164,804 (87,503)
1,433,672 1,437,471 (3,799)
Add: Opening stock of cement (packed) - - - -
(No. of bags) - - -
Less : Quantity sold (No. of bags). 27,127,423 25,453,340 -
Closing stock of cement (packed). (No. of bags). - - -
Stock adjustment (if any). (No. of bags). - - -
B. Cost Statement
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
Cost of opening stock-unpacked. - - - -
Cost transferred in from cement Grinding dept. 3,982,449 2,777.80 4,292,124 2,985.89
Direct Departmental Costs :
Packing materials 438,532 323.31 430,262 338.08
Labour 1,727 1.27 1,868 1.47
Salaries 2,878 2.12 3,113 2.45
Employees' other benefits 1,587 1.17 1,717 1.35
Contractor Labour 33 0.02 36 0.03
Repair and maintenance 13,377 9.86 15,017 11.80
Insurance 448 0.33 579 0.45
Depreciation 4,414 3.25 7,818 6.14
Sub-Total (a) : 4,445,445 3,119.15 4,752,533 3,347.65
Indirect Departmental Costs :
Compressed Air (Annex IX) - - - -
Power (Annex X) 13,133 9.68 10,578 8.31
Other Factory Expenses (Annexure XI) 37,107 27.36 41,712 32.78
Sub-Total (b) : 50,240 37.04 52,290 41.09
Total Cost (a+b) 4,495,685 3,156.19 4,804,823 3,388.74Less : Cost applicable to un-packed closing stock - - - -
Cost applicable to packed closing stock - - - -
Balance : Cost of packed cement sold Local 4,276,931 3,153.22 4,303,286 3,381.31
Cost of loose cement sold (if any) 218,754 2,829.90 501,537 3,043.23
Cost of Total cement sold : 4,495,685 3,156.19 4,804,823 3,388.74
Chief Executive Chief Financial Officer
FOR THE YEAR ENDED JUNE 30, 2010
2010 2009
ATTOCK CEMENT PAKISTAN LIMITED
Increase / (Decrease)
Tonne
DEPARTMENTAL COST STATEMENT
NAME OF DEPARTMENT - PACKING & STORAGE
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Annexure-VIII (B)
A. Quantitative Data - SRC
2010 2009
Tonne Tonne
Opening stock of Cement (Un-packed). - - -
Add : Cement received from Grinding dept. 373,405 281,691 91,714
Total : 373,405 281,691 91,714
Less : Closing stock of cement (Un-packed). - - -
Cement sold during the period : Packed 359,081 261,914 97,167
Bulk 14,324 19,777 (5,453)
373,405 281,691 91,714
Add: Opening stock of cement (packed)- - - -
(No. of bags)
Less : Quantity sold (No. of bags). 7,181,613 5,238,280 -
Closing stock of cement (packed). (No. of bags). - - -
Stock adjustment (if any). (No. of bags). - - -
B. Cost Statement
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
Cost of opening stock-unpacked - - - -
Cost transferred in from cement Grinding dept. 1,081,300 2,896 851,299 3,022
Direct Departmental Costs :
Packing materials 114,192 318.01 84,344 322.03
Labour 371 1.03 401 1.53
Salaries 618 1.72 668 2.55
Employees' other benefits 340 0.95 368 1.41
Contractor Labour 6 0.02 7 0.03
Repair and maintenance 1,982 5.52 2,225 8.50
Insurance 117 0.33 113 0.43
Depreciation 866 2.41 1,533 5.85
Sub-Total (a) : 1,199,792 3,226 940,958 3,364
Indirect Departmental Costs :
Compressed Air (Annex IX) - - - -
Power (Annex X) 3,420 9.52 2,073 7.91
Other Factory Expenses (Annexure XI) 7,234 20.15 8,132 31.05
Sub-Total (b) : 10,654 29.67 10,205 38.96
Total Cost (a+b) 1,210,446 3,255.44 951,163 3,403.39
Less : Cost applicable to un-packed closing stock - - - -
Cost applicable to packed closing stock - - - -
Balance : Cost of packed cement sold 1,168,392 3,253.84 890,305 3,399.23
Cost of loose cement sold (if any) 42,054 2,935.83 60,858 3,077.21
Cost of Total cement sold : 1,210,446 3,255.44 951,163 3,403.39
Chief Executive Chief Financial Officer
2009
Tonne
2010
Increase / (Decrease)
ATTOCK CEMENT PAKISTAN LIMITED
DEPARTMENTAL COST STATEMENT
NAME OF DEPARTMENT - PACKING & STORAGE
FOR THE YEAR ENDED JUNE 30, 2010
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Annexure-IX
A. Quantitative Data
For the year Last year
Compressed Air produced.
B. Cost Statement
For the year Last year
Direct Departmental Costs :
Labour.
Salaries.
Employee's other benefits.
Indirect materials.
Insurance.
Repairs and maintenance.
Fuel-Oil.
Gas
Depreciation
Purchased Power.Other Overheads.
Sub-Total (a) :
Indirect Departmental Costs :
Power (Annexure X).
Other Expenses (Annexure IX).
Sub-Total (b) :
Total Costs (a+b) :
C. Cost Distribution
Departments using compressed air : Quantity Cost
Chief Executive Chief Financial Officer
DEPARTMENTAL COST STATEMENT
NAME OF THE DEPARTMENT - AIR COMPRESSING
FOR THE YEAR ENDED JUNE 30, 2010
ATTOCK CEMENT PAKISTAN LIMITED
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Annexure-X
A. Quantitative Data
2010 2009 Increase/(Decrease)
KWH KWH KWH
Installed capacity KWH - - -
No. of Units Generated. - - -
No. of Units purchased. 207,117,718 199,481,000 7,636,718
Total : 207,117,718 199,481,000 7,636,718
self - consumption in power house. - - -
Losses. - - -
Net units consumed by various other depts :(1) Percentage of loss to total power - - -
generated and purchased.
(2) Percentage of power generated to - - -
installed capacity
B. Cost Statement
S.No. Particulars Quantity Rate Amount 2010 2009
Units Rs. Rs. Rs. Rs.
1. Fuel Oil/Steam consumed.2. Other materials (specify).
3. Consumable Stores.
4. Other Direct charges.
5. Salaries and wages.
6. Repairs and maintenance.
7. Other Overheads.
8. Depreciation.
Total :
Less : (1) Supplies to other units of the
company. (not engaged in the manufacture of 1,682,361 6.62 11,137 6.62 5.25
cement.).
Net Cost of power Generated.
Purchased power 205,435,357 6.62 1,359,916 6.62 5.25
(on actual consumption basis).
Total Power Consumption : 207,117,718 6.62 1,371,053 6.62 5.25
Cost per unit (average). - - - - -
ATTOCK CEMENT PAKISTAN LIMITED
Cost per unit of power
generated and purchased
DEPARTMENTAL COST STATEMENT
STATEMENT SHOWING THE COST OF POWER GENERATED/PURCHASED AND CONSUMED
FOR THE YEAR ENDED JUNE 30, 2010
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Cont'd Annexure-X
2010 2009 Increase/C. Cost Distribution Rs. Rs. (Decrease)
Consumed in:
- Lime stone, Clay, Gypsum Quarry. - - -
- Transportation. - - -
- Crushing. 29,187 22,309 6,878
- Stock Hall. - - -
- Raw Mill. 204,489 156,292 48,197
- Kiln (OPC & SRC). 642,477 491,049 151,428
- Cement Grinding (OPC & SRC). 478,347 365,603 112,744
- Storage and Packing (OPC & SRC). 16,553 12,651 3,902
- Air Compressing. - - -- Others. - - -
Total Cost distributed : 1,371,053 1,047,904 323,149
Chief Executive Chief Financial Officer
ATTOCK CEMENT PAKISTAN LIMITED
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Annexure-XI
A. Cost Statement
2010 2009
Rs. in '000' Rs. in '000'
Direct Departmental Costs :
Salaries & wages 237,523 266,998
Stores / Spares and Repairs / maintenance 33,336 37,473
Depreciation 8,334 9,368
Miscellaneous Expenses 137,514 154,580
416,707 468,421
B. Cost Distribution
2010 2009
Rs. in '000' Rs. in '000'
Lime stone, Clay, Quarry 31,811 35,759
Transportation - -
Crushing 36,813 41,380
Stock Hall - -
Raw Mills 73,543 82,670
Kilns 94,630 106,374
Cement Grinding 135,569 152,393Packing and Storage 44,341 49,844
Air Compressing (if any) - -
Power Generating (if any) - -
Total 416,707 468,421
Chief Executive Chief Financial Officer
DEPARTMENT COST STATEMENT
OTHER FACTORY EXPENSES - FACTORY GENERAL
FOR THE YEAR ENDED JUNE 30, 2010
ATTOCK CEMENT PAKISTAN LIMITED
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Quantity Rupees
in Tonne in 000
Opening Stock 210.46 361
Production 30.00 48
240.46 409
Cost of goods sold 240.00 408
Closing Stock 0.46 1
Chief Executive Chief Financial Officer
2009-2010
ATTOCK CEMENT PAKISTAN LIMITED
COST OF SALES OF GROUND SLAGFOR THE YEAR ENDED JUNE 30, 2010
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