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7/27/2019 Financial Analyses of Atlas Honda
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Particulers 2013 2012 2011
ASSETSCurrent AssetStores,spares and loose tools 390,250 348,639 325,891 Stock in trade 2,171,536 2,161,328 2,003,029 Trade debts 514,742 598,265 401,435 Loans and advances 33,253 33,152 33,525 trade deposits and prepayments 47,722 44,832 36,936 Short term investments 1,635,183 1,460,580 1,338,474
Accrued mark-up/interest 11,603 4,348 8,517 Other receivables 6,302 15,338 15,075 Taxation-net 2,578 160,604 68,050 Bank balances 2,739,988 2,149,154 2,090,800
Total Current Assets 7,553,157 6,976,240 6,321,732
Non Current AssetsProperty, plant and equipment 4,421,744 3,941,610 3,259,193 Intengible Asset 5,555 6,419 7,137 Long term investment - - - Long term loans and advanes 25,583 20,420 22,403 Long term deposits and prepayments 8,399 15,728 10,765
Total Non current assets 4,461,281 3,984,177 3,299,498
Total Assets 12,014,438 10,960,417 9,621,230
Equities and liabilitiesShare capital and ReservesShare capital 827,253 719,350 625,522 Reserves 5,732,904 4,700,584 3,996,892
Total share capital and Reserves 6,560,157 5,419,934 4,622,414
Non current LiabilitiesLong term Borrowings 0 0 0Deferred liabilities 866,975 730,315 649,354
Total Non Current Liabilities 7,427,132 6,150,249 5,271,768
Current LiabilitiesTrade and other payables 4,583,303 4,810,168 4,255,584 Accrued mark-up/interest - - 6,378 Short term finances - - -
Honda AtlasBalance Sheet
………….Rupees in '000……….
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Current portionof long term liabilities - - 87,500 Provision for taxation - - -
Total Current Liabilites 4,583,303 4,810,168 4,349,462
Total Equity and Liabilities 12,010,435 10,960,417 9,621,230
ParticulersASSETS 2013 2012 2011
Current Asset % % %Stores,spares and loose tools 3.25 3.18 3.39 Stock in trade 18.07 19.72 20.82 Trade debts 4.28 5.46 4.17 Loans and advances 0.28 0.30 0.35
trade deposits and prepayments 0.40 0.41 0.38 Short term investments 13.61 13.33 13.91 Accrued mark-up/interest 0.10 0.04 0.09 Other receivables 0.05 0.14 0.16 Taxation-net 0.02 1.47 0.71 Bank balances 22.81 19.61 21.73
Total Current Assets 62.87 63.65 65.71
Non Current AssetsProperty, plant and equipment 36.80 35.96 33.88 Intengible Asset 0.05 0.06 0.07
Long term investment - - - Long term loans and advanes 0.21 0.19 0.23 Long term deposits and prepayments 0.07 0.14 0.11
Total Non current assets 37.13 36.35 34.29
Total Assets 100.00 100.00 100.00
Equities and liabilitiesShare capital and ReservesShare capital 6.89 6.56 6.50 Reserves 47.73 42.89 41.54
Total share capital and Reserves 54.62 49.45 48.04 Non current LiabilitiesLong term Borrowings - - - Deferred liabilities 7.22 6.66 6.75
Total Non Current Liabilities 61.84 56.11 54.79
Current LiabilitiesTrade and other payables 38.16 43.89 44.23 Accrued mark-up/interest - - 0.07
Annalysis of Balance SVertical Annalysis
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Short term finances - - - Current portionof long term liabilities - - 0.91 Provision for taxation - - -
Total Current Liabilites 38.16 43.89 45.21
Total Equity and Liabilities 100.00 100.00 100.00
Particulers 2013 2012 2011
Sales 42,325,242 38,011,857 32,521,399
Cost of Sales (38,646,049) (35,235,893) (30,080,978) Gross Profit 3,679,193 2,775,964 2,440,421 Sales and Marketing Expenses (1,206,648) (965,883) (815,463) Administrative expenses (387,477) (335,654) (310,742) Other Oprating Income 322,668 274,453 299,337 Other Oprating Expenses (190,453) (117,162) (109,597) Profit from Oprations 2,217,283 1,631,718 1,503,956 Finance Cost (9,726) (11,717) (93,475) Net Profit before taxation 2,207,557 1,620,001 1,410,481 Taxation (599,753) (415,892) (407,925) Net Profit after taxation 1,607,804 1,204,109 1,002,556
Cash Flow from Oprating activities 2,208,740 1,720,597 2,147,882 Cash flow from Investing activities (1,154,675) (1,171,217) (642,540) Cash flow from financing activities (463,231) (491,026) (1,056,505) Net Increase/(Decrease) in Cash 590,834 58,354 448,837
ParticulersProfit and Loss Account 2013 2012 2011
% % %Sales 100.00 100.00 100.00 Cost of Sales (91.31) (92.70) (92.50) Gross Profit 8.69 7.30 7.50
Profit and Loss Account and CashFlow Statements
Annalysis of Profit and Loss AccouStatements
Cash Flow Statements
Profit and Loss Account
Vertical Annalysis
……………Rupees in Thousands…………….
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Sales and Marketing Expenses (2.85) (2.54) (2.51) Administrative expenses (0.92) (0.88) (0.96) Other Oprating Income 0.76 0.72 0.92 Other Oprating Expenses (0.45) (0.31) (0.34) Profit from Oprations 5.24 4.29 4.62 Finance Cost (0.02) (0.03) (0.29)
Net Profit before taxation 5.22 4.26 4.34 Taxation (1.42) (1.09) (1.25) Net Profit after taxation 3.80 3.17 3.08
Cash Flow StatementsCash Flow from Oprating activities 373.83 2,948.55 478.54 Cash flow from Investing activities (195.43) (2,007.09) (143.16) Cash flow from financing activities (78.40) (841.46) (235.39) Net Increase/(Decrease) in Cash 100.00 100.00 100.00
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Liquidation Analyses
Days Sales in Receivable
Account Receivable Turnover
Account Receivable Turnover in DaysDays Sales in InventoryInvnetory TurnOverInvnetory TurnOver in DaysOperationg Cycle
Working Capital
Current RatioAcid-Test RatioCash RatioSales to Working Capital Ratio
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2013 VS 2012 2012 VS 2011 2011
% % %11.94 6.98 100.00
0.47 7.90 100.00 (13.96) 49.03 100.00
0.30 (1.11) 100.00
6.45 21.38 100.00 11.95 9.12 100.00
166.86 (48.95) 100.00 (58.91) 1.74 100.00 (98.39) 136.01 100.00 27.49 2.79 100.00
8.27 10.35 100.00
12.18 20.94 100.00 (13.46) (10.06) 100.00
- - 100.00 25.28 (8.85) 100.00
(46.60) 46.10 100.00
11.97 20.75 100.00
9.62 13.92 100.00
15.00 15.00 100.00 21.96 17.61 100.00
21.04 17.25 100.00
- - 100.00 18.71 12.47 100.00
20.76 16.66 100.00
(4.72) 13.03 100.00 - (100.00) 100.00
heet Horizental Annalysis
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- - 100.00 - (100.00) 100.00 - - 100.00
(4.72) 10.59 100.00
9.58 13.92 100.00
2013 VS 2012 2012 Vs 2011 2011
% % %111.35 116.88 100.00 109.68 117.14 100.00 132.54 113.75 100.00
t and Cash Flow
Horizental Annalysis
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124.93 118.45 100.00 115.44 108.02 100.00 117.57 91.69 100.00 162.56 106.90 100.00 135.89 108.50 100.00
83.01 12.53 100.00
136.27 114.85 100.00 144.21 101.95 100.00 133.53 120.10 100.00
28.37 (19.89) 100.00 (1.41) 82.28 100.00 (5.66) (53.52) 100.00
912.50 (87.00) 100.00
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Formula 2013 2012 2011 Remaks
Gross Receivables/Net Sales(365) 4.439 5.745 4.505
Net Sales/Avg. Gross Receivables 76.056 76.047
Avg. Gross Receivables/Net Sales(365) 4.799 4.800 Ending Inventory/Cost of Goods Sold(365) (20.509) (22.389) (24.305)
Cost of Goods Sold/Average Inventory (17.839) (16.923) Average Inventory/Cost of Goods Sold(365) (20.461) (21.569)
(15.662) (16.769)
Current Assets - Current Liabilities 2,969,854 2,166,072 1,972,270 Current Assets/Current Liabilities 1.648 1.450 1.453
(cash + Securities + Stoke)/Current Liabilities 1.428 1.200 1.249 (cash + Securities)/Current Liabilities 0.955 0.750 0.788
Sales/Avg Working Capital 16.48203 18.370573 32.978648
Accaount Receivable Turnover in Days + InvnetoryTurnOver in Days
1 ) Bracesare due to
neqative sign of CGS.
2 )2011 opening
inventoriesare not
treated.
(18.000)
(17.800)
(17.600)
(17.400)
(17.200)
(17.000)
(16.800)
(16.600)
(16.400)2013 2012
Invnetory TurnOver
Invnetory TurnOver
(20.200)
(20.000)
(19.800)2013 2012
Invnetory TurnOver in Days
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(21.800) (21.600)
(21.400)
(21.200)
(21.000)
(20.800)
(20.600)
(20.400)
InvnetoryTurnOver in Days
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-
1.000
2.000
3.000
4.000
5.000
6.000
7.000
2013 2012 2011
Days Sales in Receivable
Days Sales in Receivable
76.040
76.042
76.044
76.046
76.048 76.050
76.052
76.054
76.056
76.058
2013 2012
Account Receivable Turnover
Account ReceivableTurnover
(15.400)
(15.200)
(15.000)2013 2012
Operating Cycle
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(17.000) (16.800)
(16.600)
(16.400)
(16.200)
(16.000)
(15.800)
15.600
Operating Cycle
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4.799
4.799
4.799
4.799
4.800
4.800
2013 2012
Account Receivable Turnover in Days
Series2
(23.000)
(22.500)
(22.000)
(21.500) (21.000)
(20.500)
(20.000)
(19.500)2013 2012
Days Sales in Inventory
Days Sales in Inventory
2,500,000
3,000,000
3,500,000
Working Capital
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-
500,000
1,000,000
1,500,000
2,000,000
2013 2012 2011
Working Capital
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1.350
1.400
1.450
1.500
1.550
1.600
1.650 1.700
4.439 5.745 4.505
2013 2012 2011
Current Ratio
Current Ratio
1.050
1.100
1.150
1.200
1.250
1.300
1.350
1.400
1.450
2013 2012 2011
Acid-Test Ratio
Acid-Test Ratio
1.000
1.200
Cash Ratio
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-
0.200
0.400
0.600
.
2013 2012 2011
Cash Ratio
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Particulers 2013 2012 2011
ASSETSCurrent AssetStores,spares and loose tools 390,250 348,639 325,891 Stock in trade 2,171,536 2,161,328 2,003,029 Trade debts 514,742 598,265 401,435 Loans and advances 33,253 33,152 33,525 trade deposits and prepayments 47,722 44,832 36,936 Short term investments 1,635,183 1,460,580 1,338,474
Accrued mark-up/interest 11,603 4,348 8,517 Other receivables 6,302 15,338 15,075 Taxation-net 2,578 160,604 68,050 Bank balances 2,739,988 2,149,154 2,090,800
Total Current Assets 7,553,157 6,976,240 6,321,732
Non Current AssetsProperty, plant and equipment 4,421,744 3,941,610 3,259,193 Intengible Asset 5,555 6,419 7,137 Long term investment - - - Long term loans and advanes 25,583 20,420 22,403 Long term deposits and prepayments 8,399 15,728 10,765
Total Non current assets 4,461,281 3,984,177 3,299,498
Total Assets 12,014,438 10,960,417 9,621,230
Equities and liabilitiesShare capital and ReservesShare capital 827,253 719,350 625,522 Reserves 5,732,904 4,700,584 3,996,892
Total share capital and Reserves 6,560,157 5,419,934 4,622,414
Non current LiabilitiesLong term Borrowings 0 0 0Deferred liabilities 866,975 730,315 649,354
Total Non Current Liabilities 7,427,132 6,150,249 5,271,768
Current LiabilitiesTrade and other payables 4,583,303 4,810,168 4,255,584 Accrued mark-up/interest - - 6,378 Short term finances - - -
Honda AtlasBalance Sheet
………….Rupees in '000……….
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Current portionof long term liabilities - - 87,500 Provision for taxation - - -
Total Current Liabilites 4,583,303 4,810,168 4,349,462
Total Equity and Liabilities 12,010,435 10,960,417 9,621,230
ParticulersASSETS 2013 2012 2011
Current Asset % % %Stores,spares and loose tools 3.25 3.18 3.39 Stock in trade 18.07 19.72 20.82 Trade debts 4.28 5.46 4.17 Loans and advances 0.28 0.30 0.35
trade deposits and prepayments 0.40 0.41 0.38 Short term investments 13.61 13.33 13.91 Accrued mark-up/interest 0.10 0.04 0.09 Other receivables 0.05 0.14 0.16 Taxation-net 0.02 1.47 0.71 Bank balances 22.81 19.61 21.73
Total Current Assets 62.87 63.65 65.71
Non Current AssetsProperty, plant and equipment 36.80 35.96 33.88 Intengible Asset 0.05 0.06 0.07
Long term investment - - - Long term loans and advanes 0.21 0.19 0.23 Long term deposits and prepayments 0.07 0.14 0.11
Total Non current assets 37.13 36.35 34.29
Total Assets 100.00 100.00 100.00
Equities and liabilitiesShare capital and ReservesShare capital 6.89 6.56 6.50 Reserves 47.73 42.89 41.54
Total share capital and Reserves 54.62 49.45 48.04 Non current LiabilitiesLong term Borrowings - - - Deferred liabilities 7.22 6.66 6.75
Total Non Current Liabilities 61.84 56.11 54.79
Current LiabilitiesTrade and other payables 38.16 43.89 44.23 Accrued mark-up/interest - - 0.07
Annalysis of Balance SheVertical Annalysis
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Short term finances - - - Current portionof long term liabilities - - 0.91 Provision for taxation - - -
Total Current Liabilites 38.16 43.89 45.21
Total Equity and Liabilities 100.00 100.00 100.00
Particulers 2013 2012 2011
Sales 42,325,242 38,011,857 32,521,399 Cost of Sales (38,646,049) (35,235,893) (30,080,978) Gross Profit 3,679,193 2,775,964 2,440,421 Sales and Marketing Expenses (1,206,648) (965,883) (815,463)
Administrative expenses (387,477) (335,654) (310,742) Other Oprating Income 322,668 274,453 299,337 Other Oprating Expenses (190,453) (117,162) (109,597) Profit from Oprations 2,217,283 1,631,718 1,503,956 Finance Cost (9,726) (11,717) (93,475) Net Profit before taxation 2,207,557 1,620,001 1,410,481 Taxation (599,753) (415,892) (407,925) Net Profit after taxation 1,607,804 1,204,109 1,002,556
Cash Flow from Oprating activities 2,208,740 1,720,597 2,147,882 Cash flow from Investing activities (1,154,675) (1,171,217) (642,540) Cash flow from financing activities (463,231) (491,026) (1,056,505) Net Increase/(Decrease) in Cash 590,834 58,354 448,837
ParticulersProfit and Loss Account 2013 2012 2011
% % %Sales 100.00 100.00 100.00 Cost of Sales (91.31) (92.70) (92.50) Gross Profit 8.69 7.30 7.50 Sales and Marketing Expenses (2.85) (2.54) (2.51) Administrative expenses (0.92) (0.88) (0.96) Other Oprating Income 0.76 0.72 0.92 Other Oprating Expenses (0.45) (0.31) (0.34) Profit from Oprations 5.24 4.29 4.62
Vertical Annalysis
Profit and Loss Account and Cash
……………Rupees in Thousands…………….
Profit and Loss Account
Cash Flow Statements
Annalysis of Profit and Loss Account
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Finance Cost (0.02) (0.03) (0.29) Net Profit before taxation 5.22 4.26 4.34 Taxation (1.42) (1.09) (1.25) Net Profit after taxation 3.80 3.17 3.08
Cash Flow StatementsCash Flow from Oprating activities 373.83 2,948.55 478.54 Cash flow from Investing activities (195.43) (2,007.09) (143.16) Cash flow from financing activities (78.40) (841.46) (235.39) Net Increase/(Decrease) in Cash 100.00 100.00 100.00
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PayAbility Analyses
Debt ratioDebt to equity ratioDebt to comon equity ratioDebt to tangiable net worth
Times interst earned
Fixed charged coverage ratio
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2013 VS 2012 2012 VS 2011 2011
% % %11.94 6.98 100.00
0.47 7.90 100.00 (13.96) 49.03 100.00
0.30 (1.11) 100.00
6.45 21.38 100.00 11.95 9.12 100.00
166.86 (48.95) 100.00 (58.91) 1.74 100.00 (98.39) 136.01 100.00 27.49 2.79 100.00
8.27 10.35 100.00
12.18 20.94 100.00 (13.46) (10.06) 100.00
- - 100.00 25.28 (8.85) 100.00
(46.60) 46.10 100.00
11.97 20.75 100.00
9.62 13.92 100.00
15.00 15.00 100.00 21.96 17.61 100.00
21.04 17.25 100.00
- - 100.00 18.71 12.47 100.00
20.76 16.66 100.00
(4.72) 13.03 100.00 - (100.00) 100.00
et Horizental Annalysis
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- - 100.00 - (100.00) 100.00 - - 100.00
(4.72) 10.59 100.00
9.58 13.92 100.00
2013 VS 2012 2012 Vs 2011 2011
% % %111.35 116.88 100.00 109.68 117.14 100.00 132.54 113.75 100.00 124.93 118.45 100.00 115.44 108.02 100.00 117.57 91.69 100.00 162.56 106.90 100.00 135.89 108.50 100.00
Horizental Annalysis
nd Cash Flow
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83.01 12.53 100.00 136.27 114.85 100.00 144.21 101.95 100.00 133.53 120.10 100.00
28.37 (19.89) 100.00 (1.41) 82.28 100.00 (5.66) (53.52) 100.00
912.50 (87.00) 100.00
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Formula 2013 2012 2011 Remaks
total debt/total assets*100 45.3644 50.54993 51.9561total debt/total equity*100 183.08 202.22 208.14
total debt/comon share equity*100 183.08 202.22 208.14total debt/(total equity-intangible assets)*100 296.55 316.07 322.69
-227.9748 -139.2607 -16.08939Recurring Earnings, Excluding Interest Expense,
Tax Expense, Equity Earning, and MinorityEarnings/Interest Expense, Including capitalized interst
no asset is seamed to be on lease so times interst earned and fixed charge coverage will be taken as same
1 ) Negative Sign is
due to neqative sign
of CGS.
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ntrepret ionsthe analyses shows that company was batter enable to pay
its debts in latter years, as it laid off much of its debt
major decrease in debt is explicit
too much investment have been done through debt
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Particulers 2013 2012 2011
ASSETSCurrent AssetStores,spares and loose tools 390,250 348,639 325,891 Stock in trade 2,171,536 2,161,328 2,003,029 Trade debts 514,742 598,265 401,435 Loans and advances 33,253 33,152 33,525 trade deposits and prepayments 47,722 44,832 36,936 Short term investments 1,635,183 1,460,580 1,338,474
Accrued mark-up/interest 11,603 4,348 8,517 Other receivables 6,302 15,338 15,075 Taxation-net 2,578 160,604 68,050 Bank balances 2,739,988 2,149,154 2,090,800
Total Current Assets 7,553,157 6,976,240 6,321,732
Non Current AssetsProperty, plant and equipment 4,421,744 3,941,610 3,259,193 Intengible Asset 5,555 6,419 7,137 Long term investment - - - Long term loans and advanes 25,583 20,420 22,403 Long term deposits and prepayments 8,399 15,728 10,765
Total Non current assets 4,461,281 3,984,177 3,299,498
Total Assets 12,014,438 10,960,417 9,621,230
Equities and liabilitiesShare capital and ReservesShare capital 827,253 719,350 625,522 Reserves 5,732,904 4,700,584 3,996,892
Total share capital and Reserves 6,560,157 5,419,934 4,622,414
Non current LiabilitiesLong term Borrowings 0 0 0Deferred liabilities 866,975 730,315 649,354
Total Non Current Liabilities 7,427,132 6,150,249 5,271,768
Current LiabilitiesTrade and other payables 4,583,303 4,810,168 4,255,584 Accrued mark-up/interest - - 6,378 Short term finances - - -
Honda AtlasBalance Sheet
………….Rupees in '000……….
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Current portionof long term liabilities - - 87,500 Provision for taxation - - -
Total Current Liabilites 4,583,303 4,810,168 4,349,462
Total Equity and Liabilities 12,010,435 10,960,417 9,621,230
ParticulersASSETS 2013 2012 2011
Current Asset % % %Stores,spares and loose tools 3.25 3.18 3.39 Stock in trade 18.07 19.72 20.82 Trade debts 4.28 5.46 4.17 Loans and advances 0.28 0.30 0.35
trade deposits and prepayments 0.40 0.41 0.38 Short term investments 13.61 13.33 13.91 Accrued mark-up/interest 0.10 0.04 0.09 Other receivables 0.05 0.14 0.16 Taxation-net 0.02 1.47 0.71 Bank balances 22.81 19.61 21.73
Total Current Assets 62.87 63.65 65.71
Non Current AssetsProperty, plant and equipment 36.80 35.96 33.88 Intengible Asset 0.05 0.06 0.07
Long term investment - - - Long term loans and advanes 0.21 0.19 0.23 Long term deposits and prepayments 0.07 0.14 0.11
Total Non current assets 37.13 36.35 34.29
Total Assets 100.00 100.00 100.00
Equities and liabilitiesShare capital and ReservesShare capital 6.89 6.56 6.50 Reserves 47.73 42.89 41.54
Total share capital and Reserves 54.62 49.45 48.04 Non current LiabilitiesLong term Borrowings - - - Deferred liabilities 7.22 6.66 6.75
Total Non Current Liabilities 61.84 56.11 54.79
Current LiabilitiesTrade and other payables 38.16 43.89 44.23 Accrued mark-up/interest - - 0.07
Annalysis of Balance SheVertical Annalysis
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Short term finances - - - Current portionof long term liabilities - - 0.91 Provision for taxation - - -
Total Current Liabilites 38.16 43.89 45.21
Total Equity and Liabilities 100.00 100.00 100.00
Particulers 2013 2012 2011
Sales 42,325,242 38,011,857 32,521,399 Cost of Sales (38,646,049) (35,235,893) (30,080,978) Gross Profit 3,679,193 2,775,964 2,440,421 Sales and Marketing Expenses (1,206,648) (965,883) (815,463)
Administrative expenses (387,477) (335,654) (310,742) Other Oprating Income 322,668 274,453 299,337 Other Oprating Expenses (190,453) (117,162) (109,597) Profit from Oprations 2,217,283 1,631,718 1,503,956 Finance Cost (9,726) (11,717) (93,475) Net Profit before taxation 2,207,557 1,620,001 1,410,481 Taxation (599,753) (415,892) (407,925) Net Profit after taxation 1,607,804 1,204,109 1,002,556
Cash Flow from Oprating activities 2,208,740 1,720,597 2,147,882 Cash flow from Investing activities (1,154,675) (1,171,217) (642,540) Cash flow from financing activities (463,231) (491,026) (1,056,505) Net Increase/(Decrease) in Cash 590,834 58,354 448,837
ParticulersProfit and Loss Account 2013 2012 2011
% % %Sales 100.00 100.00 100.00 Cost of Sales (91.31) (92.70) (92.50) Gross Profit 8.69 7.30 7.50 Sales and Marketing Expenses (2.85) (2.54) (2.51) Administrative expenses (0.92) (0.88) (0.96) Other Oprating Income 0.76 0.72 0.92 Other Oprating Expenses (0.45) (0.31) (0.34) Profit from Oprations 5.24 4.29 4.62
……………Rupees in Thousands…………….
Profit and Loss Account
Cash Flow Statements
Annalysis of Profit and Loss AccountVertical Annalysis
Profit and Loss Account and Cash
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Finance Cost (0.02) (0.03) (0.29) Net Profit before taxation 5.22 4.26 4.34 Taxation (1.42) (1.09) (1.25) Net Profit after taxation 3.80 3.17 3.08
Cash Flow StatementsCash Flow from Oprating activities 373.83 2,948.55 478.54 Cash flow from Investing activities (195.43) (2,007.09) (143.16) Cash flow from financing activities (78.40) (841.46) (235.39) Net Increase/(Decrease) in Cash 100.00 100.00 100.00
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Profitability Analyses
Net Profit Margin
Asset TurnoverReturn on Assets
_DopontReturn on Common EquityOperating Income MarginReturn on Operating IncomeOperating Asset TurnOver
_DopontGross Profit Margin
Return on Equity
Return on Investment
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2013 VS 2012 2012 VS 2011 2011
% % %11.94 6.98 100.00
0.47 7.90 100.00 (13.96) 49.03 100.00
0.30 (1.11) 100.00
6.45 21.38 100.00 11.95 9.12 100.00
166.86 (48.95) 100.00 (58.91) 1.74 100.00 (98.39) 136.01 100.00 27.49 2.79 100.00
8.27 10.35 100.00
12.18 20.94 100.00 (13.46) (10.06) 100.00
- - 100.00 25.28 (8.85) 100.00
(46.60) 46.10 100.00
11.97 20.75 100.00
9.62 13.92 100.00
15.00 15.00 100.00 21.96 17.61 100.00
21.04 17.25 100.00
- - 100.00 18.71 12.47 100.00
20.76 16.66 100.00
(4.72) 13.03 100.00 - (100.00) 100.00
et Horizental Annalysis
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- - 100.00 - (100.00) 100.00 - - 100.00
(4.72) 10.59 100.00
9.58 13.92 100.00
2013 VS 2012 2012 Vs 2011 2011
% % %111.35 116.88 100.00 109.68 117.14 100.00 132.54 113.75 100.00 124.93 118.45 100.00 115.44 108.02 100.00 117.57 91.69 100.00 162.56 106.90 100.00 135.89 108.50 100.00
nd Cash FlowHorizental Annalysis
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83.01 12.53 100.00 136.27 114.85 100.00 144.21 101.95 100.00 133.53 120.10 100.00
28.37 (19.89) 100.00 (1.41) 82.28 100.00 (5.66) (53.52) 100.00
912.50 (87.00) 100.00
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Formula 2013 2012 2011
Net Income/Sales*100 3.798688263 3.167719 3.082758
Sales/Averager Assets 3.684483928 3.693762Net Income/Average Assets*100 13.99620585 11.7008
Net Profit Margin*Asset TurnOver 13.99620585 11.7008Net Income/Equity*100 24.50862075 22.2163 21.68901
operating income/sales*100 5.238677667 4.292655 4.624512operating income/average operating assets*100 19.37104894 15.92015
Sales/average operating assets 3.697698193 3.481625
operating income*operating turnover 19.37104894 14.94542 0G.P/Sales*100 8.69266855 7.30289 7.504047
Net Income Before Non recurring Items – Dividend onRedeemable Preferred stock)*100
24.50862075 22.2163
Net Incom Before Minorities Share of Earnings and Nonrecurring items + [(Interest Expense)*1-Tax Rate)]
21.70 19.66 19.78
21.68901
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Remaks ntrepret ions
1)2011 Returnsare
not operated due to
unavailablity of data
of 2010
the profotability analyses showsthat all the operating performance
of the company went towardsbetterment in all aspects
Dopunt analyses illustraties lack ofcertain descrepencies in the
operations of the firm
2)no preffered
stock have been
issued
one reason for increased return onequity might be only due to mere
decrease in debt
Tax Rate is supposed to be 57%
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Analysis of Financial Stateme
Particulers 2013
ASSETSCurrent AssetStores,spares and loose tools 390,250 Stock in trade 2,171,536 Trade debts 514,742 Loans and advances 33,253 trade deposits and prepayments 47,722 Short term investments 1,635,183
Accrued mark-up/interest 11,603 Other receivables 6,302 Taxation-net 2,578 Bank balances 2,739,988
Total Current Assets 7,553,157
Non Current AssetsProperty, plant and equipment 4,421,744 Intengible Asset 5,555 Long term investment - Long term loans and advanes 25,583 Long term deposits and prepayments 8,399
Total Non current assets 4,461,281
Total Assets 12,014,438
Equities and liabilitiesShare capital and ReservesShare capital 827,253 Reserves 5,732,904
Total share capital and Reserves 6,560,157
Non current LiabilitiesLong term Borrowings 0Deferred liabilities 866,975
Total Non Current Liabilities 7,427,132
Current LiabilitiesTrade and other payables 4,583,303 Accrued mark-up/interest - Short term finances -
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Current portionof long term liabilities - Provision for taxation -
Total Current Liabilites 4,583,303
Total Equity and Liabilities 12,010,435
Annalysis of Finacial Stateme ParticulersASSETS 2013
Current Asset %Stores,spares and loose tools 3.25 Stock in trade 18.07
Trade debts 4.28 Loans and advances 0.28 trade deposits and prepayments 0.40 Short term investments 13.61 Accrued mark-up/interest 0.10 Other receivables 0.05 Taxation-net 0.02 Bank balances 22.81
Total Current Assets 62.87
Non Current AssetsProperty, plant and equipment 36.80 Intengible Asset 0.05 Long term investment - Long term loans and advanes 0.21 Long term deposits and prepayments 0.07
Total Non current assets 37.13
Total Assets 100.00
Equities and liabilitiesShare capital and Reserves
Share capital 6.89 Reserves 47.73
Total share capital and Reserves 54.62
Non current LiabilitiesLong term Borrowings - Deferred liabilities 7.22
Total Non Current Liabilities 61.84
Current Liabilities
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Trade and other payables 38.16 Accrued mark-up/interest - Short term finances - Current portionof long term liabilities - Provision for taxation -
Total Current Liabilites 38.16
Total Equity and Liabilities 100.00
Analysis of th Financial StateProfit and Loss Account and CParticulers 2013
Profit and Loss AccountSales 42,325,242 Cost of Sales (38,646,049) Gross Profit 3,679,193 Sales and Marketing Expenses (1,206,648) Administrative expenses (387,477) Other Oprating Income 322,668 Other Oprating Expenses (190,453) Profit from Oprations 2,217,283 Finance Cost (9,726) Net Profit before taxation 2,207,557 Taxation (599,753) Net Profit after taxation 1,607,804
Cash Flow StatementsCash Flow from Oprating activities 2,208,740 Cash flow from Investing activities (1,154,675) Cash flow from financing activities (463,231)
Net Increase/(Decrease) in Cash 590,834
Annalysis of Finacial StatemeProfit and Loss and Cash Flow
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ParticulersProfit and Loss Account 2013
%Sales 100.00
Cost of Sales (91.31) Gross Profit 8.69 Sales and Marketing Expenses (2.85) Administrative expenses (0.92) Other Oprating Income 0.76 Other Oprating Expenses (0.45) Profit from Oprations 5.24 Finance Cost (0.02) Net Profit before taxation 5.22 Taxation (1.42)
Net Profit after taxation 3.80 Cash Flow StatementsCash Flow from Oprating activities 373.83 Cash flow from Investing activities (195.43) Cash flow from financing activities (78.40) Net Increase/(Decrease) in Cash 100.00
CHAPTER
Supposed Data To Solve Chpter'S Pr 2013
1.08$
0.80$
12.94$
Income Before Intrest and Tax 22,170,000.00$
Intrest Amount 175,000.00$
Income Before Tax 21,995,000.00$
Weighted Average share outstanding 9,000,000.00$
25,380,000,300
1,264,086,000.00$
823,758,000.00$
16,600,000.00$
4,567,000.00$
32,094,000.00$
Total Liabilities
Earning per sharCash dividend per common ShareMarket price per common Share
Common Share OutstandingTotal Asset
Nonredeemable Preferred StockPreferred DividendsNet Income
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1 Digree of Financial Leverage = Earining Before Intrest a
2 Earning per Share = Net Income - Preferred D
3 Price/Earning Ratio = Market Price per Share
4 Percentage of Earning Retained = Net Income Before Nonr
5 Dividend Payout = Dividend per Common S
6 Dividend Yield = Dividend per common S
7 Book Value per Share = Total Share Holder Equit
CHAPTER2013
Oprating Cash Flow 1736.1Total Debt 4556.5Current Maturities of long term debt and N/P 374.9Diluted Weighted Average Common Shares Out 490.7Preferred Dividends 55Cash Dividends 466.7
1 Oprating Cash Flow/ Current Maturities of Long-Term Debt =4.63
2 Oprating Cash Flow/ Total Debt = Oprating Cash Flow / To38.10%
3 Oprating Cash Flow Per Share = Oprating Cash Flow - Pr3.43$
4 Oprating Cash Flow / Cash Dividends Oprating Cash Flow / Ca
1.0080
3.06$
11.98$
79.40%
74.07%
6.18%
0.02$
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3.72
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t (Balance Sheet)2012 2011
348,639 325,891 2,161,328 2,003,029
598,265 401,435 33,152 33,525 44,832 36,936
1,460,580 1,338,474
4,348 8,517 15,338 15,075
160,604 68,050 2,149,154 2,090,800
6,976,240 6,321,732
3,941,610 3,259,193 6,419 7,137
- - 20,420 22,403 15,728 10,765
3,984,177 3,299,498
10,960,417 9,621,230
719,350 625,522 4,700,584 3,996,892
5,419,934 4,622,414
0 0730,315 649,354
6,150,249 5,271,768
4,810,168 4,255,584 - 6,378 - -
Honda Atlas
………….Rupees in '000……….
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- 87,500 - -
4,810,168 4,349,462
10,960,417 9,621,230
ts (Balance Sheet)
2012 2011 2013 VS 2012 2012 VS 2011
% % % %3.18 3.39 11.94 6.98
19.72 20.82 0.47 7.90
5.46 4.17 (13.96) 49.03 0.30 0.35 0.30 (1.11) 0.41 0.38 6.45 21.38
13.33 13.91 11.95 9.12 0.04 0.09 166.86 (48.95) 0.14 0.16 (58.91) 1.74 1.47 0.71 (98.39) 136.01
19.61 21.73 27.49 2.79
63.65 65.71 8.27 10.35
35.96 33.88 12.18 20.94 0.06 0.07 (13.46) (10.06) - - - -
0.19 0.23 25.28 (8.85) 0.14 0.11 (46.60) 46.10
36.35 34.29 11.97 20.75
100.00 100.00 9.62 13.92
6.56 6.50 15.00 15.00 42.89 41.54 21.96 17.61
49.45 48.04 21.04 17.25
- - - - 6.66 6.75 18.71 12.47
56.11 54.79 20.76 16.66
Vertical Annalysis Horizental An
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43.89 44.23 (4.72) 13.03 - 0.07 - (100.00) - - - - - 0.91 - (100.00) - - - -
43.89 45.21 (4.72) 10.59
100.00 100.00 9.58 13.92
etssh Flow Statements
2012 2011
38,011,857 32,521,399 (35,235,893) (30,080,978)
2,775,964 2,440,421 (965,883) (815,463) (335,654) (310,742) 274,453 299,337
(117,162) (109,597) 1,631,718 1,503,956
(11,717) (93,475) 1,620,001 1,410,481 (415,892) (407,925)
1,204,109 1,002,556
1,720,597 2,147,882 (1,171,217) (642,540)
(491,026) (1,056,505)
58,354 448,837
ts Statements
……………Rupees in Thousands…………….
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2012 2011 2013 VS 2012 2012 Vs 2011
% % % %100.00 100.00 111.35 116.88
(92.70) (92.50) 109.68 117.14 7.30 7.50 132.54 113.75
(2.54) (2.51) 124.93 118.45 (0.88) (0.96) 115.44 108.02 0.72 0.92 117.57 91.69
(0.31) (0.34) 162.56 106.90 4.29 4.62 135.89 108.50
(0.03) (0.29) 83.01 12.53 4.26 4.34 136.27 114.85
(1.09) (1.25) 144.21 101.95
3.17 3.08 133.53 120.10
2,948.55 478.54 28.37 (19.89) (2,007.09) (143.16) (1.41) 82.28
(841.46) (235.39) (5.66) (53.52) 100.00 100.00 912.50 (87.00)
# 9
actices: 2012 2011
1.14$ 1.19$
0.76$ 0.72$
15.19$ 20.00$
20,341,500.00$ 19,456,700.00$
165,000.00$ 160,000.00$
20,176,500.00$ 19,296,700.00$
8,000,000.00$ 5,000,000.00$
25,316,000 25,310,500
1,172,924,000.00$ 1,050,424,700.00$
742,499,000.00$ 645,100,500.00$
16,600,000.00$ 15,520,200.00$
930,000.00$ 673,800.00$
31,049,000.00$ 28,050,000.00$
Vertical Annalysis Horizental An
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nd Tax / Earning Before Tax
ividends/Weighted average number of share outstanding
Diluted Earning per Share, Before Nonrecurring Items
curring Items - All Dividends / Net Income Before Nonrecurring Items
are / Diluted Earning per share Before Nonrecurring Items
are / Market Price per common Share
y - Preferred Stock Equity / Number of Common Share Outstanding
NO 102012 2011
1936.3 2213.84617.4 4755.8
184 312.6504.1 701.2
202 540412.9 634.2
Oprating Cash Flow/ Current Maturities of Long-Term Debts and Current Notes Payable10.52 7.08
al Debts41.93% 46.55%
ferred Dividends / Diluted Weighted Average Common Shares Outstanding3.44$ 2.39$
sh Dividends
1.0083
3.76$ 5.48$
13.32$ 16.81$
1.0082
95.43% 96.54%
66.67% 60.50%
5.00% 3.60%
16.97$ 15.99$
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4.69 3.49
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2011
%100.00 100.00
100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
100.00
100.00 100.00 100.00 100.00 100.00
100.00
100.00
100.00 100.00
100.00
100.00 100.00
100.00
alysis
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100.00 100.00 100.00 100.00 100.00
100.00
100.00
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2011
%100.00
100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
100.00
100.00 100.00 100.00 100.00
alysis