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16.1 Trade debts include due from related parties as follows:<br />
<strong>Dec</strong>ember 31, June 30,<br />
2010 2010<br />
(Rupees in thousand)<br />
Warid Telecom (Pvt) Limited 145,927 560,627<br />
Warid International LLC, UAE - Parent company 85,700 85,400<br />
Bank Alfalah Limited 96,631 22,095<br />
Warid Telecom Congo S.A – 1,191,305<br />
Warid Telecom Uganda Limited – 201,540<br />
<strong>Wateen</strong> Telecom UK Limited – 105,643<br />
328,258 2,166,610<br />
These balances are net of trade debts written off during the period related to following associated<br />
companies, which have been approved by the shareholders in Extra Ordinary General Meeting held<br />
on <strong>Dec</strong>ember 31, 2011.<br />
<strong>Dec</strong>ember 31, June 30,<br />
2010 2010<br />
(Rupees in thousand)<br />
Warid Telecom (Private) Limited 76,834 –<br />
Warid Telecom Congo Limited 125,127 –<br />
Warid Telecom Uganda Limited 4,266 –<br />
Bank Alfalah Limited – 8,451<br />
206,227 8,451<br />
16.2 Provision for doubtful debts – other parties<br />
Opening balance 157,035 110,875<br />
Provision during the period 249,574 47,203<br />
Recovery during the year – (1,043)<br />
Closing balance 406,609 157,035<br />
Provision during the period includes Rs 197,213 thousand based on age analysis of debts as follows:<br />
Balances 181 - 360 days past due - 50 %<br />
Balances over 360 days past due - 100 %<br />
<strong>Dec</strong>ember 31, June 30,<br />
2010 2010<br />
(Rupees in thousand)<br />
17. Stores, spares and loose tools<br />
Cost 836,416 855,619<br />
Less: Provision for obsolete stores 271,998 –<br />
564,418 855,619<br />
WATEEN TELECOM LIMITED half yearly report dec ‘10<br />
43
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