Financial Reports

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BHW letterLetter from the Founder

Welcome to our third annual report, which charts out the impressive progress and success throughout 2015 in details. Creating long term shareholder value is a major component of our strategic plan and we thank our investors, both actual and potential, for their continuous support. Our journey along Highway 50 gathers pace as we achieve the various strategic milestones shared during our IPO in 2013.This year, more than ever before, we are being recognized by our stakeholders and peers for our work. We were awarded Best System Integrator of 2015 in Middle East by Schneider and also won a CSR award for “Tomorrow’s Empowerment, Today’’, an educational scholarship we created for the unsung heroes of Avanceon and their families. Our core values shine through each and every employee and provides both the reason and the opportunity to enhance the life of everyone.

We will continue to invest in our team; the Subject Matter Expert (SME) plan has kicked of which in my opinion will be the cornerstone of our future growth. With all of us excited about applying new technologies like IoT, the future seems to be even brighter. With this in mind, it is essential that we properly reward all Avanceoners for the everyday brilliance they provide. Therefore, alongside our dedicated training facilities and opportunity to grow on international projects, we have enhanced the employee stock option program so that the whole team collectively enjoys the benefits of our success – onwards together into 2016 and beyond!

Financial Reports

Avanceon’s financial reports provides an annual or quarterly information of our company’s financial health.

Financial Highlights

This section focuses on key financial highlights as well as notices and most recent reports.

Finance Department

Finance team focuses on financial planning and reporting  including budgets and quarterly forecasts.

Financial Reports

Financial Reports

Avanceon’s annual and quarterly reports on the performance of the period. Financial statements records specifically the financial activities of the company. Current and past reports have been made available in electric format upon request. Please hover over your selected image

Avanceon’s founder and CEO, Bakhtiar H. Wain, around the release of our 2015 annual report


Download our most recent financial report from the First Quarter of 2017 here


Download our Annual Report here
Download our Quarterly Report Q1 here
Download our Half Year Report here
Download our Third Quarter Report here


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Download our Annual Report here
Download our Quarterly Report Q1 here
Download our Half Year Report here
Download our Third Quarter Report here



Download our Annual Report here
Download our Quarterly Report Q1 here
Download our Half Year Report here
Download our Third Quarter Report here

Company Information

ItemDetails
Symbol of the CompanyAVN
Stock Exchanges PSX: https://www.psx.com.pk/
Status of CompanyMSC-Medium Sized Company
Company Registration NumberCRN: 45130
National Tax NumberNTN: 1534633-1 / STRN: 03-01-9999-532-28
Associated CompaniesInnovative (Pvt.) Ltd www.innovative-pk.com
I2C Inc www.i2cinc.com
Auditor of the CompanyErnst & Young Ford Rhodes Sidat Hyder Chartered Accountants.
legal Advisor of the CompanyChima & Ibrahim advocates and Corporate Council
SECP Complaint Formhttp://www.secp.gov.pk/ComplaintForm1.asp
Last Date on which website was updated.Tuesday, August 23, 2016
JamaPunjiwww.jamapunji.pk

Proxy Form

Proxy Form

Electronic Transmission Consent Form

Dividend Mandate Form

Investor Key Highlights


Notice of BOD Meeting


Download our BOD Meeting Notice for the Year ended 2016 here
Download our BOD Meeting Notice Q3 2016 here
Download our BOD Meeting Notice Q2 2016 here
Download our BOD Meeting Notice Q1 2016 here

Download our BOD Meeting Notice for the Year ended 2015 here
Download our BOD Meeting Notice Q3 2015 here
Download our BOD Meeting Notice Q2 2015 here
Download our BOD Meeting Notice Q1 2015 here

Download our BOD Meeting Notice for the Year ended 2014 here

Notice of The AGM


Download our AGM Notice for the Year ended 2016 here
Download our AGM Notice for the Year ended 2015 here
Download our AGM Notice for the Year ended 2014 here





Shareholding Patterns -2016


Shareholding Patterns -2015


Shareholding Patterns -2014



Transaction By Executive

Download trade by our Exective dated 19-July-17 here
Download trade by our Exective dated 17-July-17 here
Download trade by our Exective dated 17-July-17 here
Download trade by our Exective dated 17-July-17 here
Download trade by our Exective dated 13-July-17 here
Download trade by our Exective dated 10-July-17 here
Download trade by our Exective dated 10-July-17 here
Download trade by our Exective dated 05-July-17 here

Automation Symposium 2015

Contracts

Schneider Electric Best System Integrator Award

Contracts

Contracts

Statement of Charity Account

Election of Directors


Notice of Election of Directors’


Download our AGM Notice for the Year ended 2016 here
Election of Directors  – Non-Contest

Download our Notice for Election of Directors – Non-Contest here


Proxies


Download the Proxy form of Bakhtiar H. Wain here
Download the Proxy form of Amir W. Wain here

Detailed Profile of Candidates

The Board comprises 7 [seven] directors. In terms of strict independence 5 [five] out of 7 [seven] directors are fully independent.To ensure that the Board is independent and fully informed about corporate strategy and risks, Avanceon has adopted corporate governance policy in November 2012.

Khalid H. Wain – Chairman of the Board

Khalid brings over 38 years of international expertise in electrical engineering, cost engineering, project management and business strategy to the Avanceon Board of Directors. Khalid advises on international business and technology.

Naveed Ali Baig  – Director

Naveed brings over 29 years of international business acumen to the Avanceon Board of Directors. He is currently spearheading the success of Innovative Pvt through sound employee-centric management, as Chief Executive Officer. Prior, he worked for multi-nationals including Gallup International and Ferguson Associates. Navid advises on leadership and operations.

Tajammal Hussain – Director

Tajammal brings over 25 years of international accounting and finance acumen to the Avanceon Board of Directors. Chartered Accountant at Fakharuddin Yousafali & Co since 1989, he oversees and maintains high quality outsourcing, financial and accounting services to a wide variety of global and local commercial entreprises. Tajammal advises Avanceon Board of Directors on risk management and financial strategy.

Umar Ahsan Khan – Director

Umar brings over 25 years of strategic accounting, finance and business management experience to the Avanceon Board of Directors. He currently holds the position of Chief Operating Officer at Thal Engineering, the leading auto parts manufacturing company in Pakistan. Umar advises Avanceon Board of Directors on strategy and hands on perspective of business and financial management.

Amir W. Wain – Director

Amir brings over 25 years of strategic planning & international business development experience to the board. Amir is the founder and CEO of i2c Inc, a global provider of payment processing and emerging commerce solutions serving consumers in all 24 time zones. Amir leads a team of over 400 professional and is responsible for defining i2c’s vision and strategic direction.

Tanveer Karamat – Director and Chief Operating Officer

Tanveer brings over 28 years of international business experience to Avanceon in automation solutions for the Oil & Gas and Power sector. Prior joining Avanceon in 2003, he spearheaded business at Wartsila NSD and Honeywell as country head. He currently holds the position of COO at Avanceon since 2011.

Bakhtiar H. Wain – Director and Chief Executive Officer

Bakhtiar brings over 28 years of exemplary leadership. An engineer with experience in leading global companies including: Exxon Chemicals, Fauji Fertilizer and ICI Ltd, he founded Avanceon in 1984 and holds the position of Chief Executive Officer Today.


Latest Free Float


Download our Free Float Information 30 June 2017 here
Download our Free Float Information 31 March 2017 here

Download our Free Float Information for the Year ended 2016 here
Download our Free Float Information Q3 2016 here
Download our Free Float Information For 30 June 2016 here
Download our Free Float Information For 31 March 2016 here

Download our Free Float Information for the Year ended 2015 here
Download our Free Float Information 30 September 2015 here


Department of Finance

Finance

The department  focuses on financial planning, activities and reporting  including annual budgets and quarterly forecasts.

Contact Our Corporate Officer

We are always glad to hear from our valued Investors. You can contact our Corporate Officer through below given online form.

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