TOYOTA-INDUS MOTORS COMPANY LIMITED

BALANCE SHEET
For the year ended at June 30, 2013
ASSETS

2013

2012

(Rupees in '000)

VERTICAL ANALYSI
2013

Non-current assets
Fixed assets
Long-term loans and advances
Long-term deposits and prepayments
Deferred taxation

2,742,140
131,337
9,667
34,647
2,917,791

3,472,906
6,015
7,822
3,486,743

10.92
0.52
0.04
0.14
11.62

Stores and spares

Stock-in-trade
Trade debts
Loans and advances
Short-term prepayments
Accrued return on bank deposits
Other receivables
Investments
Taxation - payment less provision
Cash and bank balances

153,669
7,883,309
1,382,761
1,557,897
10,799
12,155
162,225
6,698,121
131,363
4,195,302
22,187,601

178,188
7,529,571
1,459,976
945,498
20,965
45,355
447,569
2,690,553
10,771,300
24,088,975

0.61
31.40
5.51
6.21
0.04
0.05
0.65
26.68
0.52
16.71
88.38

TOTAL ASSETS

25,105,392

27,575,718

100.00

1,000,000

1,000,000

3.98

786,000
16,906,708
17,692,708

786,000
16,227,858
17,013,858

3.13
67.34
70.47

Current assets

EQUITY
Share capital
Authorised capital
Ordinary shares of Rs 10 each
Issued, subscribed and paid-up capital
Reserves

LIABILITIES

Non-current liabilities
Deferred taxation

165,941

0.00

6,013,852
1,398,698
134
7,412,684

6,512,461
3,823,641
188
59,629
10,395,919

23.95
5.57
0.00

25,105,392

27,575,718

100.00

Current liabilities
Trade, other payables and provisions
Advances from customers and dealers
Accrued mark-up
Short-term running finances
Taxation - provisions less payments

TOTAL EQUITY AND LIABILITIES

29.53

RTICAL ANALYSIS
2012

DIFF.

% DIFF.

EXPLANATIONS

12.59
0.02
0.03
0.00
12.64

-730,766
125,322
1,845
-34,647

-21.04
2083.49
23.59

0.65
27.31
5.29
3.43
0.08
0.16
1.62
9.76
0.00
39.06
87.36

-24,519
353,738
-77,215
612,399
-10,166
-33,200
-285,344
4,007,568
-131,363
-6,575,998

-13.76
4.70
-5.29
64.77
-48.49
-73.20
-63.75
148.95

A huge amount was paid to the Collector of Customs in

Less Rent and Insurance was paid as some Fixed and Op

-61.05

Company does not hold any fixed deposit receipts.

0
678,850

0.00
4.18

100.00

3.63
2.85
58.85
61.70

Company has sold some Fixed and Operating Assets

Company has made a big amount of Avances to its Supp

Recievables reduced and huge Sales Tax was paid

Investment made in Mutual Funds

0.60

169,941

102.41

Deffered Tax was paid in the Current Year

23.62
13.87
0.00

-498,609
-2,424,943
-54
59,629

-7.66
-63.42
-28.72

Advances reduced due to Sale of Assets and decrease in

0.22
37.70
100.00

100.00

ed and Operating Assets

mount of Avances to its Suppliers

he Collector of Customs in respect of the import of stock-in-trade.

s paid as some Fixed and Operating Assets were sold

ge Sales Tax was paid

fixed deposit receipts.

e Current Year

le of Assets and decrease in Production

TOYOTA-INDUS MOTORS COMPANY LIMITED

PROFIT AND LOSS ACCOUNT
For the year ended at June 30, 2013

2013

2012

(Rupees in '000)

Net Sales

VERTICAL ANALYSI
2013

63,829,075
57,972,038
5,857,037

76,962,642
70,400,788
6,561,854

100
90.82

Distribution expenses
Administrative expenses

814,228
643,978
1,458,206
4,398,831

820,339
627,673
1,448,012
5,113,842

1.28
1.01
2.28
6.89

Other operating expenses

436,192
3,962,639
1,037,840
5,000,479
30,704
4,969,775
1,612,230
3,357,545

516,342
4,597,500
1,775,748
6,373,248
60,981
6,312,267
2,009,552
4,302,715

0.68
6.21
1.63
7.83
0.05

Cost of sales

Gross profit

Other income
Finance costs

Profit before taxation

Taxation

Profit after taxation

9.18

7.79
2.53
5.26

TICAL ANALYSIS
2012

DIFF.

% DIFF.

EXPLANATIONS

100
91.47

-13,133,567
-12,428,750

-17.06
-17.65

8.53

-704,817

-10.74

1.07
0.82
1.88
6.64

-6,111
16,305

-0.74
2.60

0.67
5.97
2.31
8.28
0.08

-80,150

-15.52

-737,908

-41.55

Loss in Agency Commision and Decrease in Return fro

-30,277

-49.65

Decrease in MarkUp on advances from Customers

8.20
2.61

-397,322

-19.77

5.59

-945,170

-21.97

sion and Decrease in Return from Bank

n advances from Customers

TOYOTA-INDUS MOTORS COMPANY LIMITED

CASH FLOW STATEMENT
For the year ended at June 30, 2013

2013

2012

(Rupees in '000)

CASH FLOWS FROM OPERATING ACTIVITIES

Cash generated from operations
Interest paid
Workers Profit Participation Fund paid
Workers Welfare Fund paid
Interest received
Income tax paid
Movement in long-term loans and advances
Movement in long-term deposits and prepayments

Net cash generated from operating activities

2,253,021
-324
-264,000
-132,181
419,730
-2,000,421
-125,322
-1,845
148,658

2,220,937
-22,739
-349,613
-80,229
994,665
-1,842,377
5,934
1,400
927,978

-547,055
35,408
-15,191,959
11,441,973
-7,729,660
7,912,508
-4,078,785

-561,128
48,994
-10,786,000
14,022,243
-10,163,583
9,880,002
2,440,528

-2,645,871
-2,645,871

-1,409,405
-1,409,405

-6,575,998
10,771,300
4,195,302

1,959,101
8,812,199
10,771,300

CASH FLOWS FROM INVESTING ACTIVITIES

Fixed capital expenditure
Proceeds from disposal of fixed assets
Investment in listed mutual fund units
Proceeds from redemption of listed mutual fund units
Purchase of Market Treasury Bills
Proceeds from redemption of Market Treasury Bills

Net cash (used in) / generated from investing activities

CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid

Net cash used in financing activities

Net (decrease) / increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year

Cash and cash equivalents at the end of the year

RATIOS
2013
Current Ratio
Acid-Test Ratio
Accounts Recievable Turnover
Days' Sales in Account Recievable
Inventory Turnover
Equity Ratio
Net Income to Net Sales
Return on Stockholders' Equity
Earnings per Share
Price-Earning Ratio

2.99
0.61
209.35
1.74
7.35
0.70
0.05
0.19
42.72
7.56

2012
2.32
1.07
252.42
1.45
9.35
0.62
0.06
0.25
54.74
5.90