HBL Growth Fund (HGFA) cash flow statement

Operating activities generated Rs 299.1 mn of cash in FY2019 (Jul 2018 – Jun 2019), down 64.5% on FY2018. Overall, cash increased by Rs 184.7 mn.

HGFA cash flow statement (annual) (Rs mn)
Rs mn	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011	FY2010 Jul 2009 – Jun 2010	FY2009 Jul 2008 – Jun 2009	FY2008 Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007	FY2006 * Jul 2005 – Jun 2006	FY2005 Jul 2004 – Jun 2005	FY2004 Jul 2003 – Jun 2004
Net cash from operating activities	299.1	841.7	420.0	(181.3)	1,782.6	1,192.3	389.9	539.8	560.0	511.4	(281.7)	973.2	1,831.7	(1,471.3)	835.3	(738.1)
Net cash from financing activities	24.9	(762.3)	(212.6)	(4.1)	(1,261.4)	(1,261.6)	(490.5)	(717.0)	(352.4)	(562.1)	(289.0)	(1,611.0)	(1,402.5)	2,065.0	(438.2)	634.6
Net change in cash	184.7	79.5	207.3	(185.4)	521.2	(69.3)	(100.6)	(177.2)	207.6	(50.7)	(570.7)	(637.8)	429.2	593.6	397.1	(103.5)

HGFA cash flow statement — year-on-year change (Rs mn)
Rs mn	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011	FY2010 Jul 2009 – Jun 2010	FY2009 Jul 2008 – Jun 2009	FY2008 Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007	FY2006 * Jul 2005 – Jun 2006	FY2005 Jul 2004 – Jun 2005	FY2004 Jul 2003 – Jun 2004
Net cash from operating activities	-64.5%	+100.4%	—	-110.2%	+49.5%	+205.8%	-27.8%	-3.6%	+9.5%	—	-128.9%	-46.9%	—	-276.1%	—	—
Net cash from financing activities	—	—	—	—	—	—	—	—	—	—	—	—	-167.9%	—	-169.1%	—
Net change in cash	+132.5%	-61.7%	—	-135.6%	—	—	—	-185.4%	—	—	—	-248.6%	-27.7%	+49.5%	—	—

Change against the previous fiscal year; shown when the earlier figure is positive.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.

All reported line items 30

HGFA cash flow statement — all reported line items (Rs mn)
Rs mn	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011	FY2010 Jul 2009 – Jun 2010
Profit/(Loss) - Starting Line - Cash Flow	(764.5)	(559.3)	1,660.3	455.7	(138.9)	1,821.2	1,706.8	509.3	1,198.2	551.7
Non-cash Items & Reconciliation Adjustments - Cash Flow	383.0	273.8	(2,003.6)	(748.8)	(213.6)	(2,216.5)	(1,960.3)	(693.6)	(1,354.5)	(667.5)
Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile	(116.3)	(1.7)	(78.3)	1.2	(3.9)	4.6	24.0	1.1	1.3	—
Financial Income/(Expense) - Cash Flow - to Reconcile	(505.4)	(738.6)	(529.5)	(393.1)	(392.3)	(426.2)	(449.5)	(415.8)	(460.2)	(244.1)
Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile	290.6	721.9	(579.0)	(135.9)	(262.6)	(1,202.9)	(1,171.6)	(332.3)	(850.8)	(903.5)
Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile	714.0	292.2	(816.8)	(221.0)	445.2	(592.0)	(363.2)	53.4	(44.8)	480.1
Investment & Trading Property - Realized Gain/(Loss) - Cash Flow - to Reconcile	290.6	721.9	(579.0)	(135.9)	(262.6)	(1,202.9)	(1,171.6)	(332.3)	(850.8)	(903.5)
Interest & Dividends - Received - Total - Cash Flow	514.4	706.7	454.9	402.4	296.5	428.0	480.7	405.2	437.7	264.6
Cash Flow from Operating Activities before Changes in Working Capital	210.6	421.2	111.7	109.3	(56.0)	32.8	227.3	220.9	281.4	148.8
Working Capital - Increase/(Decrease) - Cash Flow	88.5	420.6	308.3	(290.6)	1,838.6	1,159.5	162.6	318.9	278.7	362.6
Accounts Receivables - Decrease/(Increase) - Cash Flow	—	—	(0.0)	0.0	606.2	(587.4)	176.4	(122.7)	(6.6)	(61.9)
Other Assets - Decrease/(Increase) - Cash Flow	(0.1)	423.7	304.1	(344.0)	1,620.5	1,327.7	53.3	286.4	301.0	333.4
Accrued Expenses - Increase/(Decrease) - Cash Flow	112.8	2.8	(0.2)	40.4	35.9	76.9	36.8	15.4	24.4	13.6
Accounts Payable - Increase/(Decrease) - Cash Flow	(24.2)	(5.9)	4.4	13.0	(423.9)	342.3	(103.9)	139.9	(40.1)	77.5
Net Cash Flow from Operating Activities	299.1	841.7	420.0	(181.3)	1,782.6	1,192.3	389.9	539.8	560.0	511.4
Dividends Paid - Cash - Total - Cash Flow	0.0	762.3	212.6	4.1	1,261.4	1,261.6	490.5	717.0	352.4	562.1
Dividends - Common - Cash Paid	0.0	762.3	212.6	4.1	1,261.4	1,261.6	490.5	717.0	352.4	562.1
Stock - Total - Issuance/(Retirement) - Net - Cash Flow	24.9	—	—	—	—	—	—	—	—	—
Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow	24.9	—	—	—	—	—	—	—	—	—
Stock - Common - Issuance/(Retirement) - Net - Cash Flow	24.9	—	—	—	—	—	—	—	—	—
Stock - Common - Issued/Sold - Cash Flow	24.9	—	—	—	—	—	—	—	—	—
Net Cash Flow from Financing Activities	24.9	(762.3)	(212.6)	(4.1)	(1,261.4)	(1,261.6)	(490.5)	(717.0)	(352.4)	(562.1)
Net Change in Cash - Total	184.7	79.5	207.3	(185.4)	521.2	(69.3)	(100.6)	(177.2)	207.6	(50.7)
Net Cash from Continuing Operations	—	79.5	207.3	(185.4)	521.2	(69.3)	(100.6)	(177.2)	207.6	(50.7)
Net Cash - Beginning Balance	729.2	649.7	442.4	627.8	106.6	175.9	276.5	453.7	246.2	296.8
Net Cash - Ending Balance	913.9	729.2	649.7	442.4	627.8	106.6	175.9	276.5	453.7	246.2
Interest & Dividends - Received - Cash Flow - Supplemental	514.4	706.7	454.9	402.4	296.5	428.0	480.7	405.2	437.7	264.6
CF from Optg Activities before Change in WC & Int Payments	210.6	421.2	111.7	109.3	(56.0)	32.8	227.3	220.9	281.4	148.8
Cash Dividends Paid & Common Stock Buyback - Net	(24.9)	—	—	—	—	—	—	—	—	—
Common Stock Buyback - Net	(24.9)	—	—	—	—	—	—	—	—	—

Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 10 periods; the table above goes back further.