FINANCIAL STATEMENTS ANALYSIS

OF
COMPANIES (NON-FINANCIAL)
LISTED AT KARACHI STOCK EXCHANGE

(2008-2013)

STATE BANK OF PAKISTAN
STATISTICS & DWH DEPARTMENT

Team Leader
 Shamsul Arifeen

Sr. Joint Director
shamsul.arifeen@sbp.org.pk

Team Members

 Zia-ul-Qamar

Joint Director
ziaulqamar@sbp.org.pk

 Azam Ali

Joint Director
Azam.Ali@sbp.org.pk

Uzma Maqsood

Assistant Director
Uzma.Maqsood@sbp.org.pk

Faisal Altaf

Assistant Director
Faisal.Altaf@sbp.org.pk

Haider Ali

Assistant Director
Haider.Ali@sbp.org.pk

Faiza Noreen

Assistant Director
Faiza.Noreen@sbp.org.pk

Contents
Page
Preface

i

Introduction

ii

i) Methodology

iii

ii) Concepts & Definitions

iii-xiv

iii) Performance Indicators

xiv-xvii

Executive Summary

xviii-xxii

Analytical Tables
I. Sectors
(a) Overall

1-2

(b) Private

3-4

(c) Public

5-6

II. Economic Groups
1. Textile
(i) Spinning, Weaving, Finishing of Textiles

8-9
11-148

(ii) Made-up Textile Articles

150-157

(iii) Other Textiles n.e.s.

159-171

2. Food

173-174

(i) Sugar

176-208

(ii) Other Food Products n.e.s.

210-228

3. Chemicals, Chemical Products & Pharmaceuticals

230-275

4. Other Manufacturing n.e.s.

277-310

5. Other Non-Metallic Mineral Products - Overall

312-313

(i) Mineral Products

315-324

(ii) Cement

326-347

6. Motor Vehicles, Trailers and Autoparts

349-372

7. Fuel & Energy

374-394

8. Information, Comm. and Transport Services

396-410

9. Coke & Refined Petroleum Products

412-422

10.Paper, Paperboard and Products

424-434

11.Electrical Machinery and Apparatus

436-445

12.Other Services Activities

447-459

III. Appendix:1

461-466

Appendix:2

467-468

Explanatory Notes

469

Preface
The Non-financial Corporate Sector is an important segment of a country‟s economy and a sound, stable and robust
industrial base is therefore essential for economic well being of a country and its populace.
Non-financial Corporate sector in Pakistan represents a diversified nature of businesses including Textile, Food,
Chemicals & Pharmaceuticals, Other manufacturing n.e.s., Other Non-metallic mineral products, Motor
Vehicles/Trailers and auto parts, Fuel & Energy, Information Communication and transport services, Coke &
petroleum products, Paper & paperboard products, Electrical machinery & apparatus & Other services. Disclosure
and transparency in information on business activities are of crucial importance to all stakeholders.
An overview of business and financial conditions of non-financial institutions presented in a structured manner is
published in form of financial statements. For large industrial concerns, the financial statements are often complex
and are prepared under international accounting standards. These statements usually include an extensive set of
notes to the financial statements. The notes typically describe each item on the balance sheet, income statement and
cash flow statement in further detail.
The stakeholders and users, on the other hand also require financial indicators that can provide information on how
well a company is performing and what will happen in future. Keeping in view the need of the users, the Statistics &
Data Warehouse Department has revamped the analysis of the financial statements of non-financial institutions. All
out efforts have been made to select useful and accurate data from financial statements and compute ratios that can
provide valuable clues about the financial health of the institutions. The analysis is now published in form of
publication namely, “Financial Statements Analysis of Companies (Non-Financial) Listed at Karachi Stock
Exchange”. The publication contains analysis of financial statements of Non-financial institutions for the period
2008-13.
It is hoped that the publication will provide a tool to researchers, policy makers and investors to understand the
performance of non-financial sector of Pakistan. Comments on the analysis and suggestions for further
improvements in the publication are highly welcome.

(Dr Azizullah Khattak)
Director
Statistics & DWH Department

i

Introduction
The analysis and format of this publication was revamped in the year 2010 to incorporate
changes in the regulations and culture of corporate sector. Analysis of last five years (2009,
2010, 2011, 2012 & 2013) is carried out on the new format. The information for 2008 is mapped
for publication. All listed companies on Karachi Stock Exchange (KSE) have been classified in
line with new economic categories. The year-wise distribution of companies by economic group
is as under: Table: 1 Distribution of companies by economic groups.
Economic Groups
1) Textiles
i) Spinning, weaving, finishing of textiles
ii) Made-up textile articles
iii) Other textiles n.e.s.

2) Food
i) Sugar
ii) Other food products n.e.s

3) Chemicals, chemical products and Pharmaceuticals
4) Other manufacturing n.e.s
5) Other non-metallic mineral products
i) Mineral products
ii) Cement

6) Motor vehicles, trailers and auto parts
7) Fuel & Energy
8) Information, Communication & transport Services
9) Coke and refined petroleum products
10) Paper, paperboard and products
11) Electrical machinery and apparatus
12) Other services activities
Total:

2012
155
138
6
11
50
32
18
43
31
28
8
20
22
19
13
9
9
8
10
397

2013
153
136
6
11
48
31
17
44
32
28
8
20
22
19
13
9
9
8
11
396

The sum of Assets and Liabilities of a company may exhibit minor differences due to rounding
off separate items. Ratios and percentages have been worked out after rounding off the figures in
thousands, which may, therefore, slightly differ from ratios calculated on the basis of exact
numbers in balance sheet. The symbol „ – „ appearing in the analytical tables stand for Not
applicable or Not available.

ii

I

Methodology
Methodology is based on Ratio Analysis, a powerful tool to analyze the financial statements of any company.
Ratio analysis measures inter-relationship between different sections of the financial statements. Ratios are
taken as guides that are useful in evaluating a company‟s financial position and operation and making
comparison with results in previous years or with others in the same industry. The primary purpose of ratio
analysis is to point out areas needing further investigation. All the ratios are calculated from the following
financial statements and relevant notes to accounts.

Balance Sheet

Profit and Loss accounts

Statement of changes in Equity

Cash Flow Statement

Total shareholders‟ equity is computed as the sum of ordinary share capital plus reserve and surplus plus unappropriated profit/ (loss) and the revaluation. Analysis of Non-Financial sector used the following concepts
and definitions as given below.

II Concepts and Definitions
A. Non-Current Assets
1. Capital work in progress:
Work in process consists of the unfinished products in a production process which are not yet complete but
either being fabricated or waiting in a queue or storage. They must be accounted for as funds (capital) that have
been invested for future enhancement in production.

2. Operating fixed assets:
These are owned by an enterprise engaged in production of items (directly or indirectly); which will be
available for sale. These are not readily convertible into cash during the course of normal operations of an
enterprise. These assets are not subject to periodical exchange through sales and purchases. Fixed assets are of
permanent nature and are not normally liquidated or intended to turn into cash except in the form of
depreciation, which is added to the cost of goods sold. The following balance sheet items are included in the
category of fixed assets: -

(a) Real Estate
(i)

Freehold and leasehold land

(ii)

Factory and office buildings

(iii) Residential buildings

iii

(iv) Capital projects in progress at cost

(b) Plant, Machinery and Rolling Stock
(i)

All types of plant and machinery used for production and not for sale

(ii) Crockery, cutlery, silverware and enamelware in hotels
(iii) Construction tools
(iv) Livestock in farming company
(v) Cars, lorries, trucks, ships, launches etc.
(vi) Railway siding and trolley lines
(vii) Computers and other electronic equipments

(c) Furniture, Fixtures, Fittings and Allied Equipment
(i) Electric fans, refrigerators, air conditioners, electric heating, sanitary and other fittings.
(ii)

Laboratory equipment

(iii) All types of office furniture‟s and equipment
(iv) Advertising, fixtures and fittings

3. Operating fixed assets after deducting accumulated depreciation
Deducting the accumulated depreciation from the operating fixed assets of the company gives this item.

4. Depreciation for the year
It includes all the depreciation charged to the profit and loss account. Owing to absence of uniform
accounting standards, depreciation is a subjective item and varies from company to company. It is important
for an analyst to know what effect such variation could have on the net profit.

5. Intangible Assets
Intangible assets are defined as identifiable assets that cannot be seen, touched or physically measured,
which are created through time and/or efforts and that are identifiable as a separate asset. The possible
items are:
(i)

Copyrights

(ii)

Patents

(iii)

Trademarks

(iv)

Goodwill

(v)

Exploration accounts

(vi)

Knowledge accounts

(vii)

Computer software accounts

iv

6. Long term investment
Investment is acquisition of financial, physical or technology based assets by an investor for their potential
future income, return, yield, profits, or capital gains. The long-term investments account differs largely
from the short-term investments account in that the short-term investments will most likely be sold,
whereas the long-term investments may never be sold. They may include:
(i)

Long-term stocks

(ii)

Long-term bonds

(iii)

Long-term investment in real estate

(iv)

Long-term Government and corporate securities

(v)

Long-term Savings and Unit Trust Certificates

(vi)

Long-term Debentures stock of local or foreign companies

7. Other Non- current assets
These include all residual non-current assets left from the above coverage, but remain in the balance sheet.
Possible items may be:
(i)

Deferred costs

(ii)

Long-term deposits

(iii)

Long- term loans and advances

(iv)

Security deposits

B. Current Assets:

1. Cash & bank balances
Cash & bank balances is an integral part of a company's overall operations. It consists of:
(i) Cash in hand
(ii) Cash in transit
(iii) Current deposits
(iv) Saving deposits
(v) Saving deposits and Call deposits
(vi) Deposits held abroad
2. Inventories
It comprises of stocks of raw material in hand, work in progress and finished goods at the closing date.

3. Trade debt
This refers to an entity from which amounts are due for goods sold or services rendered or in respect of
contractual obligations and also termed: debtor, trade debtor, and account receivable.

v

4. Short term investments
Unlike long term investments, short term investments have to be matured within the same accounting cycle. The basic
motive of such an investment is to earn profits or capital gains for short term period. They may include:
(i)

Short-term stocks

(ii)

Short -term bonds

(iii)

Short -term investment in real estate

(iv)

Short-term Government and corporate securities

(v)

Short-term Savings and Unit Trust Certificates

(vi)

Short-term Debentures stock of local or foreign companies

5. Other current assets
These are all remaining items of current assets left from the above coverage, but remained in the balance
sheet. These include:
(i)

Book debts including bad and doubtful debts

(ii)

Stores, spare parts and loose tools

(iii)

Loans and advances

(iv)

Work in progress(current)

(v)

Advances and prepayments etc.

(vi)

Balances due to tax department

(vii)

Tax refundable

(viii)

other receivables

C. Current Liabilities:
All liabilities, which are required to be discharged within one year, are termed as current liabilities.
Alternatively, these cover those obligations whose liquidation is expected to be made out of current assets.
They are usually incurred in the normal course of business and are required to be paid at fairly definite dates.

1. Short term secured loans
These are loans which are to be matured within the year and have been obtained against secured collaterals.
These consist of:
(i)

Current maturities of secured long term loan.

(ii)

Current maturities of redeemable capital finance

(iii)

Secured short term running finance.

(iv)

Current maturities of lease finance

(v)

Short term lease finance.

vi

but remained in the balance sheet. and subordinate loan (v) Due to managing agents (vi) Advances by directors (vii) Guarantee and security deposits of customers and staff D. Non-Current Liabilities: 1. These include: (a) Sundry Creditors (i) For expenses (ii) For other finance (iii) Bills payable (v) Advances from customers against orders (b) Payment become due but outstanding (i) Income tax payable (ii) Proposed. parent company. (ii) Loans from non bank financial institutions. Deposits and Advances (i) Loans secured by stock or other current assets (ii) Bank overdrafts and other unsecured loans (iii) Short term loans acquired against the security of fixed assets (iv) Unsecured loan from directors. (iii) Loans from specialized financial institutions (iv) Redeemable capital finance (v) Foreign loans vii .2. Other current liabilities These are all remaining items of current liabilities left from the above coverage. Long-term secured loan These are liabilities which are required to be discharged after a period of more than a year from the date of balance sheet and are obtained on the basis of secured collaterals. unpaid and unclaimed dividends (iii) Estimated liabilities in respect of outstanding claims whether due or intimated (iv) Gratuities becoming payable (v) Provident Fund becoming payable (vi) Current installment and interest payable on fixed liabilities (vii) Provision for taxation estimated on current profits (viii) Workers profit participation fund (c) Loans. These include: (i) Loans from financial institutions.

their spouses. but remained in the balance sheet of the company. These include: (i) Deferred liabilities (ii) Deferred liabilities/ taxation (iii) Long term deposits/key deposits (iv) Subordinated loans (v) Retention money payable E. These include: (i) Loan to various organizations by governments. Its constituents are: (i) Employees gratuity fund (ii) Pension fund. (ii) Loan to a company by directors (iii) Long term loan by creditors (iv) Long term loan by suppliers 3. 4. viii . Employees benefit obligations These include benefits provided either to employees or their dependants. Other non-current liabilities These are residuals of non-current liabilities left from the above coverage. Shareholder’s equity: This item purports to represent the total stake of the shareholders in the business and is obtained by adding the ordinary share capital to the reserves and also surplus on revaluation of fixed assets. sometimes convertible into stock. children. Debentures/TFC’s These are bonds/certificates issued by a company to raise funds for long-term period (generally more than one year) for a specific purpose (usually for capital expenditures). Long-term unsecured loan These are liabilities which are required to be discharged after a period of more than a year from the date of balance sheet and are obtained without any secured collaterals. and may be settled by payments (or the provision of goods or services) made either directly to the employees. other dependants. At present. debentures have been replaced by TFCs (Term Finance Certificates). (iii) Staff compensated absences (iv) Staff retirement benefits 5.(vi) Vendors account 2. Sukuk bonds.

Issued. (b) Ordinary shareholder has a right of voting in the company‟s annual general meeting while the preference shareholder has no voting right. Ordinary shareholders are entitled to receive dividends if any are available after dividends on preferred shares are paid. They are also entitled to their share of the residual economic value of the company should the business unwind. the best way to think of preferred stock is as a financial instrument that has characteristics of both debt (fixed dividends) and equity (potential appreciation). However. 2. The precise details as to the structure of preferred stock are specific to each corporation.g. however. they are last in line after bondholders and preferred shareholders for receiving business proceeds. The difference between ordinary shares and preference shares is as follows: (a) Ordinary shareholder receive dividend. for settlement of receivables/debts or debts redeemable into stock etc. subscribed & paid up capital This represents the total subscribed and paid-up capital against issue of ordinary shares. ix . (i) Ordinary Shares Ordinary shares represent equity ownership in a company and entitle the owner to a vote in matters put before shareholders in proportion to their percentage ownership in the company. ordinary shareholders are considered unsecured creditors.). issued as bonus shares and shares issued for considerations other than cash (e. These are amounts of capital actually paid by the shareholders to the institution for acquiring its shares.1. It includes shares paid in cash (subscribed/right issued). Reserves It is calculated by aggregating all kinds of reserves except depreciation reserve and reserve for bad and doubtful debts plus the balance of profit and loss account. (ii) Preference Shares Preferred Shares generally have dividends that must be paid out before dividends to common stockholders and the shares usually do not have voting rights. which varies according to the prosperity of the company but preference shareholder will receive a fixed amount dividend every year. (c) Ordinary shareholders have a residual claim on the net assets of the company in case of liquidation. As such. while the claim of the preference shareholders is paid earlier.

(i) Capital Reserves These funds are allocated only to be spent on the capital expenditure projects/ future expansionary projects for which they were initially intended. excluding any unforeseen circumstances. These include: (a) Share premium reserves (b) Merger reserves (c) Development reserves (d) Reserve for issue of bonus shares (e) Reserve for re-issue of forfeited shares (f) Capital gain on sale of fixed assets (g) Dividend equalization reserves (h) Non-controlling interest (minority interest) (i) Fair value Reserve (j) Subordinated Loans (k) Interest rate swap revaluation reserve (l) Hedge reserve (m) Advance against subscription for right shares (n) Undistributed percentage return reserve (o) Exploration and evaluation reserve (p) Investment revaluation reserve (q) Share deposit money (r) Exchange difference on translation of foreign subsidiaries (s) Statutory Reserve (ii) Revenue Reserves This is that part of the profit that has been not given to the shareholders but retained in the business for future growth. These include: (a) General reserves (b) Un-appropriated reserves (c) Retained reserves (d) Reserves on profit & loss account (e) Deferred income (f) Retained Earnings x .

3. i. F. 4. (i) Selling & distribution expenses These are non-production cost.e. (ii) Other Input cost These are all remaining cost of sales excluding the cost of materials. but directly related with the revenue generation of saleable goods. Cost of sales Cost of sales includes the direct costs attributable to the production of the goods sold by a company. Sales revenue is classified as local sales and export sales. and advertising expenses that a company incurs. Gross Profit Gross profit is arrived at by subtracting cost of sales from sales revenue. The revaluation surplus has been included in equity because capital goods like property. General. These include: xi . plant and equipments participate directly in the revenue generation and transferred directly to retained earnings. administrative and other expenses These expenses consist of the combined payroll costs (salaries. which are available for sale of the company. 2. (i) Cost of material This includes cost of all raw and other processing materials incurred in the production of finished goods. Sales This item represents the sale proceeds of the company netting off all components of expenses associated with sales. Operation: 1. 3. and travel expenses of executives. This amount includes the materials cost used in creating the goods along with the direct labor costs used to produce the good. This is usually understood as a major portion of non-production related costs. Surplus on revaluation of fixed assets Revaluation of fixed assets is a technique that may be required to accurately describe the true value of the capital goods that a business owns. sales people and employees). cost incurred to mobilize goods from factory outlet to the market palace. commissions.

These covers the expenses to all employees (temporary. These include the following items.(a) Distribution expenses (b) Brokerage expenses (c) Salary. (c) Bank charges and commission (d) Excise duty on long and short-term finance (e) Discounting charges on receivables (f) Exchange commission expenses Of which: (i) Interest expenses These are interest expenses incurred on borrowing of long and short terms loans. wages and commission expenses (d) Discount expenses (e) Selling expenses (f) Forwarding expenses (ii) Administrative and other expenses These expenses are also non-production costs and fixed in nature. Financial expenses These are expenses incurred due to borrowing of financial assets (short / long term loans) and acquisition of financial services by a company during an accounting period. wages and employees benefits These are salary. wages and employees benefit expenses that a company has borne in all stages to run the business activities. The company is obliged to pay these expenses which are permanent in nature until the structure of the company is not affected. It consists of interest paid expenses on loan/debts plus: (a) Interest and mark-up on supplier credit (b) Interest on worker‟s profit participation fund. wages and other benefits (d) Depreciation expenses 5. permanent) 6. Salary. (i) Mark-up and interest on long term loan (ii) Mark-up and interest on debentures and redeemable capital (iii) Mark-up and interest on short term loan (iv) Interest on private loan xii . These include: (a) Postage. telegram and telephone expenses (b) Conveyance and travelling expenses (c) Salary.

as appropriate] the net income figure (which is found on the Income Statement) to arrive at cash flows from operations generally include:  Depreciation (loss of tangible asset value over time)  Deferred tax  Amortization (loss of intangible asset value over time) xiii . and shipping the product. This could include purchasing raw materials. Total value of bonus shares issued This is the total amount of bonus shares issued to the shareholders as appropriation of net profit after tax of the company during the year. Cash flows from operations This amount is derived as net cash flow from operating activities of a company from its Cash flow statement. Operating activities include the production. Net profit before taxes It is the profit earned by the company during the year before tax. 8. debt or equity instruments in a trading portfolio  Interest received on loans  Dividends received on equity securities  Payments to suppliers for goods and services  Payments to employees or on behalf of employees Items which are added back to [or subtracted from. sales and delivery of the company's product as well as collecting payment from its customers. 9. Under IAS 7. Total amount of dividend It is the total dividend including interim dividend distributed or proposed to be distributed out of the current year‟s profit 10. Tax provision It is provision of taxation made on current year‟s profit. advertising.7. building inventory. operating cash flows include:  Receipts from the sale of goods or services  Receipts for the sale of loans. 11.

Total amount of dividend 4. Contractual liabilities This item pertains to all secured debentures. Miscellaneous: 1. Retention in business = Net profit before taxes.current liabilities engaged in the capital formation constitute this item. III. xiv . finance lease.Tax provision. Retention in business This is the amount that a company retains in business after netting off all possible expenses and is obtained by deducting the provision for the tax and the total dividend distributed or proposed to be distributed from the net profit for the year. Total capital employed = Shareholder's equity+ Long term secured loan+ Long term unsecured loan+ Debentures/ TFC's+ Employees benefit obligations. Acid test or quick ratio = (Cash & bank balances + Trade debtors + Short term investments)/ Current Liabilities. Contractual liabilities = Long term secured loan+ Preference shares+ TFC's + Short term secured loans. 2. Any gains or losses associated with the sale of a non-current asset. short term secured loans and bank overdraft. Total fixed liabilities It is the sum total of the items debentures (TFC‟s) and other fixed liabilities. Acid test or quick ratio The acid test or quick ratio is used to determine how quickly a company would be able to pay off its current liabilities if it needs to convert its „quick‟ assets into cash. Performance Indicators: 1. long-term loans. because associated cash flows do not belong to the operating section G. Total fixed liabilities = Long term secured loan+ Debentures/TFC's 3. Total capital employed The total of shareholders‟ equity and total non.

Higher the percentage.The ideal quick ratio is 1:1. Debt equity ratio This is a measure of company‟s financial leverage and calculated by dividing its total liabilities by stockholders' equity. lower the gross profit margins and lower the ratio. Cost of goods sold to sales This ratio is derived by dividing cost of sales of goods to the total amount of sale proceeds. higher the gross profit margins of the company. Assets turnover ratio= Sales/ (Non-Current Assets + Current Assets) 5. Higher the ratio. 2. Cost of goods sold to sales= Cost of goods sold/ sales 7. the company is insufficient in generating revenues. Assets turnover ratio It is the ratio of total sale proceeds to the total assets of the company. Higher the ratio. Lowering the ratio indicates the financial discipline of the company and the increasing ratio indicates that the company is facing financial expenses burden out of its sales revenue Financial expense to sales = Financial expenses/ Sales 3. 6. Current ratio It is the ratio of total current assets to the total current liabilities. Trade debt to sales= Trade debt/ Sales 4. Trade debt to sales It is the ratio of outstanding credit (all sales receivables) to the total sale proceeds of the company. which measures the firm‟s capacity to payoff claims of current creditors immediately. It indicates what proportion of equity and debt the company is using to finance its xv . Higher current ratio shows that the company is in a well-off situation and lower current ratio shows the worsening situation. Current ratio= Current Assets/ Current Liabilities A rough guide for most companies exhibits 1. the company is sufficiently using its assets in generating revenues and lowers the ratio. Financial expenses to sales It shows the ratio of financial expenses to sales.5:1 relationship between current assets and current liabilities as indication of ability to meet current obligation without recourse of special borrowings. the company is increasing its debtors and credit risk and reducing its liquidity position.

the better. 12. A higher ratio than this is an indication of financial risk policy. because the risk is lower. ROCE should always be higher than the rate at which the company borrows. ROCE = Net profit before taxes/ Average of Total capital employed 11. This can result in volatile earnings as a result of the additional interest expense. ROA = Net profit before taxes/ Average of (Non-Current Assets + Current Assets) 9. such as food manufacturing and retailing. The higher ratio generally means that a company has been aggressive in financing its growth with debt. ROE = Net profit before taxes/ Average of Shareholder’s equity 10. Inventory Turnover Ratio A ratio showing how many times a company's inventory is sold and replaced over a period. Debt equity ratio = (Current Liabilities + Non-Current Liabilities)/ Shareholder’s equity It provides a margin safety to creditors. The higher the ROA.33. the lower dividend cover is more acceptable.assets. Return on assets (ROA) This is an indicator that reflects how profitable a company is relative to its total assets. the more secured are the creditors. The inventory turnover ratio is calculated as Inventory Turnover Ratio = Sales / Inventory xvi . The ROE is useful for comparing the profitability of a company to that of other firms in the same industry. Return on capital employed (ROCE) ROCE compares earnings with capital invested in the company.Tax provision)/ Total amount of dividend If a company is operating in a sector that is reasonably unaffected by economic downturns. because the company earns more money on less investment. It shows how well a company uses its resources to generate earnings growth. ROA gives an idea as to how efficient management is at using its assets to generate earnings. An appropriate debt to equity ratio is 0. Return on equity (ROE) It measures a firm's efficiency at generating profits from every unit of shareholders' equity. 8. This is calculated by dividing a company's annual earnings by its total assets. Dividend cover ratio This measures the ability of a company to pay dividends to ordinary shareholders from after tax income and measured as: Dividend cover ratio= (Net profit before taxes . otherwise any increase in borrowing will reduce shareholders' earnings. The smaller the ratio.

The company with interest cover ratio 2 will suffer a 50% drop in the profit and a company with a ratio less than 1 would have to dip into cash reserve. Interest cover ratio This ratio measures the efficiency of a company for its ability to pay its interest-payment on its borrowing from operating profit and measured as Interest cover ratio = Net profit before interest and tax payment / Interest expenses = (Net profit before taxes+ Interest expenses) / Interest expenses The higher the figure. 13. A low turnover implies poor sales and. The higher the ratio. /share) = Shareholder’s equity/ Number of ordinary shares xvii . 14.2 is often used as guided level. the safer is the company.This ratio should be compared against industry averages.up value shares (Rs. Operating cash flow to debt ratio This ratio is obtained by dividing the net cash flow balance from operating activities from total liabilities and mathematically it may be derived as: Operating cash flow to debt ratio =Cash flows from operations/ (Current Liabilities+ Non -Current Liabilities) This ratio measures the ability of the company's operating cash flow to meet its obligations. Break. A minimum value of 0. which are used to keep the business funded. 16. A high ratio on the other hand implies strong sales./share) It is arrived at by dividing the net profit (after tax) by the number of ordinary shares. Net profit margin= Net profit before taxes/ sales 15.Tax provision)/ Number of ordinary shares 17. The operating cash flow is simply the amount of cash generated by the company from its main operations. Break. It also opens the company up to trouble should prices begin to fall.up value shares (Rs. excess inventory. High inventory levels are unhealthy because they represent an investment with a rate of return of zero. Net profit margin This ratio is achieved as a ratio of profit earned by a company from its sale proceeds. the safer the company./share) It is obtained by dividing the amount of shareholders equity by the number of ordinary shares. Earnings per share after tax (Rs. Earnings per share after tax (Rs. therefore.) = (Net profit before taxes .

15.60 billion in 2012 to Rs 2.000 40% 1. EBO = Employee Benefits Obligations xviii EBO -40% 2012 2013 Growth .36 80% 66.33 billion however an increase of 15.76 billion in 2013.19 percent was witnessed in shareholders’ equity (Rs 2. Total fixed liabilities comprising long term secured loans and debentures/TFCs 2.19 percent from Rs 1. recorded an increase 2013 from Rs 2.35 percent in sales of private and public sector companies respectively.12 percent to Rs 3.500 20% 15.894.10 billion in 2013 over 2012. Gross profit for private sector enterprises was recorded as Rs 703.36 percent in 2012 over 2011.57 percent rise in public sector.81 billion in 2012. of 10. Net profit before tax reflected 81.62 billion in 2013 showing a decrease of 15.e. Overall liabilities. Operational productivity of capital market (listed on KSE) deciphered an increase of 12. 60% 2. The private sector companies recorded an increase of 21.01 percent and 15.12 billion with an increase of Rs 157. Total shareholders’ equity increased by 15.67 percent growth in private sector compared to 2.500 Amount in Billion Rs.Executive Summary Growth of 1.23 percent to reach Rs 3.19% 1. comprising shareholders. decreased by 5.50% 500 -20% -30. TFCs=Term Finance Certificates.33percent was recorded in tax expenses of non-financial companies in 2013 over 2012.352. Liabilities in public sector companies remained stagnant. Growth in overall assets is mainly attributed to an increase of 4.056. Figure1: Total Capital Employed equity and long term liabilities.48 percent increase in public sector companies.91 billion in percent against to an increase of 2.80 percent in public sector companies.70 percent was registered in overall assets of non-financial companies listed on Karachi Stock Exchange (KSE) in 2013 over 2012 to reach Rs 5.32 billion in 2012 to Rs 499.1 percent in 2013 over 2012.409. LSL= Long term Secured Loans LUSL= Long term Unsecured Loans.28% SE LSL LUSL TFCs SE= Shareholders Equity.73 percent respectively.09 billion.785.58 billion. however that of private sector companies recorded a decrease of 7.02 billion from Rs 546.190. Private and public sectors companies recorded almost same growth in shareholders’ equity i.33 percent and 5. An increase of 16. public sector enterprises also recorded an increase of Rs 16.06 billion in 2013 to touch 265.65% 0 decreased from Rs 590.27 percent in its tax expenses compared to 11. A brief review on important performance indicators for 2012 and 2013 is given below:- Capital Structure Total capital employed.25% 0% -14.76 billion) in 2013 when compared with the previous year.056. Similarly.000 7.

634. 2012 2013 Growth Current Assets: Current assets slashed to Rs 2.14% 20% 10% 8.60 billion 0% -5% -5. however.14 percent. Total shareholders’ equity at Rs 2.28 billion in 2012. and inventories by 8. showed a decline of 6.12 percent to reach Rs 3.53 percent.32 percent over the previous year.70% 2000 1000 increase of 15.Components of Balance Sheet: Figure 2: Components of Balance Sheet 6000 20% with an increase of 1.92% 20% 6.71 percent.86 billion in 2013 with a decrease of 12. 140% 118.16 percent in 50% 40% 30% 19. Cash and bank balances scaled up 290. 2012 Tota l Lia bilities 2013 Total SE Growth Non-Current Assets: Operating fixed assets after deducting accumulated Figure 3: Non-Current Assets depreciation amounted to Rs 2.16% -40% -50% Inventories Trade Debt Short Term Investment 2012 2013 when compared to 2012.400 by 37.32% -20% Capital Work in Operating fixed Intangible Long Term progress Assets after Assets Investment Dep.056. Overall assets touched Rs 5.200 37.19 billion in 2012.76 billion in 2013 reflected an 3000 5% 1.92 percent and 118.99%120% 100% 80% 60% 40% 22. 1.12% 0 -10% Total Assets in 2012.53% 1.785.352. Capital work in 2500 Amount in Billion Rs 2013 depicted an increase of 6.79 5000 15. short-term investment by 19.94 billion in 2012 to Rs 375.17 percent from Rs Amount in Billion Rs billion in 2012.43 percent from Rs 2. xix 2013 Growth .27 Figure 4: Current Assets 1.81 billion in 2013.179.409.09 billion in 2013 billion in 2012.70 percent from Rs 5.71% 0% -10% -20% -30% -37.33 billion in 2013 from Rs 3.19%15% 4000 10% Amount in Billion Rs.318. Cash & bank balances and short term investment (liquid assets) together increased by 29.19% 0% -6. Intangible assets and long term investments increased by 22.19 percent over 2000 1500 1000 500 0 progress.19 percent from Rs 1.306. Total liabilities.000 800 600 400 200 0 Cash & bank balance Trade debt recorded a decline of 37. decreased by 5.99 percent respectively in 2013 over 2012.533.

37% 1000 2013 Surplus on Revaluation of Fix Assets Growth .12 percent to touch Figure 5: Liabilities Rs 3. Figure 6: Shareholders' Equity Total paid-up capital increased by Rs 16. Shareholders’ Equity: or 2.66 percent from Rs 620.51 billion Surplus on revaluation of fixed assets also increased 1200 20% 600 15% 400 10% 200 0 3.00 Non-Current Liabilities 2013.33 billion in 2013.61 percent and 4.134.22 percent in 2013 over 2012.97 percent from Rs 274.49% 0 -10% Current Liabilities Increase of 1. in 2012.533.67 billion in 2013.76 billion in 2013.97% 2.Liabilities Total liabilities decreased by 5. 4% 2.49 percent in 2013 over 2012 however. Overall current liabilities reflected a posted a decline of 11.73 billion or 27.17 billion in 2012 to Rs 636.352.66% 2012 xx 5% 0% Reserves by Rs 10.37 percent from Rs 890. Decline in current liabilities is mainly attributed to private sector which 3000 Amount in Billion Rs.84 .19 billion decrease of 8.92 billion or 3. non-current liabilities posted an increase of 2. Reserves increased by Rs 243.00 Growth public sector companies respectively.25% 2500 2% 0% 2000 -2% 1500 -4% 1000 500 -6% -8% -8. 30% 27. Amount in Billion Rs.25 percent over the previous year.33 billion in 2013 over Rs 3.60 billion in 2012 to Rs 1.00 percent have been recorded in non-current liabilities of private and 2012. 25% 800 Paid Up Capital billion in 2012 to Rs 285.

97 billion or Out of profit.43 400.65 billion in 2013.11 percent.73 percent in 2013. Local sales increased by 9.25 percent over the previous year.50 billion or 96. gross profit and net profit before tax over the Amount in Billion Rs.19 percent. 40.89 billion in 2012 reflecting a considerable increase of Rs 85.670. gross profit and net profit before taxation. which stood at Rs 372.25% 40.243.00 378.00 Amount in Billion Rs.11% Sales companies stood at Rs 6. showing an Gross Profit 2012 Net Profit Before Tax 2013 Cash Flows from Operation Growth increase of 10. 524. 21.00 2008 2009 2010 Net profit (before tax) xxi 2011 2012 Retention in business 2013 .89 16. The sales of all non-financial listed 9000 8000 7000 6000 5000 4000 3000 2000 1000 0 180% 160% 140% 120% 100% 80% 60% 40% 20% 0% 167.00 202.69 104.01 percent or Rs 463.11 percent.04 4.75% 10.88 211.19 88.90 billion in 2013 against Rs 5.80 99.68 174. Gross profit increased by Rs 173. Cash flow from operations reflected a substantial increase of 167. considered yardsticks of Figure 7: Growth and Composition of Operations operational performance of capital market.67 320.Composition of operations Sales. All these indicators showed optimistic picture of productivity during 2013 with increases of 10.25 billion or 20.78 percent to reach Rs 524.67 Figure 8: Net Profit (before tax) and Retention billion in 2012 increased by Rs 151. Net profit before tax.63 billion in 2012 to Rs 968.25 0. are previous year.71 billion in 2013. 600.00 100.09 billion whereas the export sales increased by Rs 110.37 200.00 300.65 500.56 billion in 2012.75 percent and 40.08 billion from Rs 795. amount retained in business has been Rs.00 372.78 percent on account of sales.174.78% 21.37 billion in 2013 as against Rs 88.

57 5.24 13. Cost of sales also ballooned but far short of outweighing the impact of sales on earning better profit.85 17. Return on assets (ROA).01 in 2012 to 5.40 in 2013 whereas it was 6.09 1.04 Current Ratio in 2013 as Debt Equity Ratio Net Profit Margin Earning Per Share after Tax compared to 2012. return on equity (ROE) and Return on Capital Employed (ROCE).0 financial corporate sector efficiently utilized its assets.0 ROA ROE 2012 xxii 2013 ROCE .04 in 2013 from 1. 27. an appraisal of corporate liquidity.33 25.98 1. Increase in administrative expenses was offset to a large extent by decline in financial expenses to retain their profit margin. declined from 1.98 to 1. Earnings per share after tax increased from 4. Figure 10: Profitability/Efficiency Ratios 30.37 billion) over 2012 (Rs 88.57 in 2012.Key Performance Indicators Current ratio.85 percent.0 compared to 7.24 respectively in 2013 as profit in 2013 as compared to 2012.63 1. 21. equity and capital employed to earn higher Percentage 27. Figure 9: Key Performance Ratios lowered to 1.33 15.46 percent. Net profit margin and earnings per share after taxation indicated healthy performance for KSElisted companies (non-financial) Percentage to equity. and 13.89 billion).78 percent. increased to 9. Amount retained in business was almost double in 2013 (Rs 174.78 10. Net profit margin jumped to 2012 2013 8.4 9 8 7 6 5 4 3 2 1 0 6.63 in 2013 when compared with 2012.31 21. parameters of companies profitability.93 4. Debt equity.46 5.01 1.0 0.93 in 2013.0 7.09 in 2012. a ratio of total liabilities to shareholders 8.31 percent and 17.0 9.0 percent in 2012 underscoring the fact that that non- 20.

ANALYTICAL TABLES .

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490.57 10.00 6.496 3.Current Liabilities (C1+C2) 1.155.044.802.757.45 16.132.232 626.336.641.46 21.176 45.097 177.804.297.452.311 500.552 1.739 174.391.Debt equity ratio [(C+D) to E] 8.565.156.Intangible assets 6.488 420.277 16.176 552.176.40 2.989.96 12.123.Other non-current assets B.283.784 372.725.267.917.791.378.479.835 134.629 429.317 2.Capital work in progress 2.296.707.344 0 (61.55 21.625.122.876.079.630.615 77.037.538 54.Issued.Return on assets [F7 as % of avg.001.904.778.332.78 27.522.910.Overall A.Return of equity (F7 as % of avg.15 1.081.391.04 85.008.335.294.349 141.008.864 2.096 735.529 150.275.240.751.279 2.Short term investments 5.444.677.579 1.740.Short term Secured loans 2.Net profit before tax 8.07 85.09 4.315 449.620.346.916 15.484 207.697 155.674 3.996.050.688.787.509.928.387.09 85.978 559.684.231.711 2.450.507 3.577.Long term unsecured loans 3.955.733 346.190.953.471 3.974.Salaries.100 2.296.350 270.939.796.122 1.714 225.Gross Profit 4.04 0.052.008.65 0.730 620.034.008.568.14 10.583.367.673 2.720 162.226 4.368 3.888 116.07 1.806 551.118 201.Total fixed liabilities (D1+D3) 3.97 1.756.001 768.850 593.039.643 79.328.319.420.35 3.151 4.Cost of material ii).Shareholders Equity (E1+E2+E3) 1.388.570 237.180 106.555.182.157.40 0.985 4.48 6.436.393 89.58 24.358.322.996 478.13 2.150 294. administrative and other expenses i).745.554.165.34 17.292 376.970 99.794 100.191 3.148 238.86 10.78 14.923 270.060 5.104 558.703.859.398 52.329 748.842 1.563.13 7.571.936 531.158 607.049 2.753 6.92 6.465.034.511 165.633 127.Miscellaneous 1.435.298 78.542.057 1.Dividend cover ratio [(F7-F8) to F9] 12.576.505 440.55 13.685.63 9.130 642.156.772.Preference shares 2.845 589.601 968.222.078.31 17.201 3.634.711.90 5.065 1.545 695.999 158.314 250.993.19 0.576 307.654.305 1.01 29.436.249.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.006 143.179.288.27 107.151 49.263 202.195.35 28.485 186.60 3.253.917.275 1.163 798.20 Items F.662 146.930 5.389.Administrative and other expenses 5.687.792.339.085 255.763.549 2.580.78 7.700 499.251. Subscribed & Paid up capital i).Current Assets (B1+B2+B3+B4+B5) 1.974.969.539.383 496.93 32.335 114.150 3.175 104.75 8.149 156.666 2.894.189 97.489 1.24 5.913.Financial expenses as % of sales (F6 as % of F1) 3.Contractual Liabilities (G2+C1) H.125.329.841.813 1.499.150.536 660.682.940 184.007.571.181.627.Retention in business (F7-F8-F9) 4.193.314 2.810 31.89 1.General.110.029 178.359 110.148 339.264.035.963 518.133.315.227 2.108.762 194.454 941.924 270.119 30.800.404.Capital Reserve ii).Break-up value shares (Rs.685 655.392.536 74.627.08 4.976 462.785.255.236.776 433.Selling & distribution expenses ii).585 1.893 4./share) [(F7-F8)/No.919 352.139.Operation: 1.407 885.766 249.101.650.984 2.602.521 890.197 346.642 163.80 10.Inventories 3.145.Acid test or quick ratio[(B1+B3+B4) to C] 2.848 1.808.080.971 98.505 378.035.420 636.545 161.374.85 13.105 111.678.149 103.Employees benefit obligations 5.880 2.790 532.75 4.356.056.519.Export Sales (Net) 2.15 1.143.830.052 128.221.666 9.491 119.765.605 3.01 1.389 1.216 469.550.639.601.804 207.Inventory Turnover Ratio (F1 to B2) 13.026.Cash flows from operations G.369 2.181.897.979.493.532 42.158.354.339 96.199 285.234 571.900 166.84 1.190 985.Return on capital employed ( F7 as % of avg.879.420.894 202.893 1.630.552.56 18. shares] 17.414.043.863 169.886 158.003 1.057.269 229.759.913 393.231.493 1.301 419.731 573.753 79.Total capital employed (E+D) 2.85 25.547 91.199.Total value of bonus shares issued 11.434 363.979.271 110.704.412 1.105.598.61 0.Cost of sales i).243.844 127.644.505 262.Cost of goods sold to sales (F2 as % of F1) 7.947.69 1.123.541 104.698 1.514.Other current assets C.Cash & bank balance 2.646 422.182 547.310.134.57 0.17 1.912.225.834 590.260.Local sales (Net) ii).067 362.973 14.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.335 73. G1) 11.596.599 1.68 7.329.01 1.342.877.990 1.103.465 5.086 140.343.022.394.Other non-current liabilities E.Sales i).612.215.111 128.658.984 365.Trade Debt 4.686 676.92 8.Current ratio (B to C) 6.162.165.696.243 2.Operating fixed assets after deducting accumulated depreciation 4.Assets turnover ratio [F1 to (A+B)] 5.156.195.162 5.218.376.244 501.673.603 149.672.113 320.739.722.196 88.683.Other input cost 3.854 2.768.990.708 0 49.87 8.129 2.872.62 3.261.Operating fixed assets at cost 3.134.251.699.(A+B)] 9.335 534.200.252.056.34 0.205.707.372 274.180 576.452.909.643.649.640.85 14.236 1.12 4.30 1.094.Non-Current Assets (A1+A3+A5+A6+A7) 1.460.385.043 6.63 24.176 165.306.205 2.701 101.863.974.945.185.765 0 2.109 2.260 318.904.206 789.227.811.560.793 158.698.918 366.422.609.847 0 373.292 1.062 2.008.859.140 437.53 1.424 0 1.009 468. of Ord.448.354.864 608.257 37.088 1.370./share) (E/No.104.794 58.Earning per share after tax (Rs.925 745.697.035.894.750.397.745 5.887 51.569 814.240 489.398.433 139.995.987.451.36 1.Long term investments 7.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.610.009 440.709.070.031 10.498.278.23 2.843.48 4.Revenue Reserve 3.877.806 1.Debentures/TFCs 4.88 0.680.623 627.109.42 .71 9.720.110 5.618.588 218.637 13.327 180.52 2.795.090.Long term secured loans 2.280 477.602.020 343.706 308.194.711.063.437 9.756.806.555 4.116.485.706 78.561.752 157.032 524.090.907.329.140 174.106 119.305.190. E) 10.116.358 132.397 251.879 1.072 7.479.182 21.089 117.874 172.Tax expense (current year) 9.606 249.986) 110.851.Other current liabilities D.154 390.Depreciation for the year 5.745 211.86 10.426 128.63 1.812.586.03 85.102.836.819 956.195.30 1.330 632.831 123.459 3.045 16.422.029.578.617 3.193 1.597.397 2.730.Ordinary Shares ii).695.720.718.114 548.492.14 3.843 310.281.Reserves i).384 366.256.Operating cash flow to debt ratio [F11 to (C+D)] 16.811.977.660 68.Financial Statement Analysis of Non Financial Sector 2013 All Sectors .491.809.21 1.860.372 173.587 0.175.052.869.037.231 3.16 1.455.000.936.043 295.239.295.678.999 716.24 1.14 15.Net profit margin (F7 as % of F1) 15.Total amount of dividend 10.596.818.57 4.19 0. of Ord.038 595.180 395.04 9.451 1.802.317.103.499.748.712 526.473 535.50 0.98 11.967 1.618.007 330.55 2.528 504.26 27.431.Key Performance Indicators 1.686 98.384.381 95.04 84.764.745.482 1.649 1.835 4.800 2.49 1.606 205.935.30 24.522 86.211 8.371.878.832.706. wages and employee benefits 6.758.957.872.05 85.67 19.98 7.295 102.561.466.684 2.250 145.874.07 1.056.180.071.457.710 52.255 174.432.458 2.020.451. shares) 1 0.580 240.342.238.668.08 1.657 182.423.918.670.784 1.148.044.133 1.765 8.Financial expenses of which: (i) Interest expenses 7.680.171 2.33 1.963.143 76.00 2.841 148.178.55 1.56 3.745 3.692 1.072 795.096 113.905.401.031.002.788.817.489.220.131 567.058.071 17.138.892.541 1.Trade Debt as % of sales (B3 as % of F1) 4.724 96.543.225 1.077 1.708.

78 13.11% 1000 0 Sales Gross Profit Key Performance Indicators Profitability/Efficiency Ratios 25 21.31 7.01 1.75% 3000 2000 10.Growth with Composition of Assets & Liabilities 3500 15.93 4.46 9.57 5.4 2013 6.63 Debt Equity Ratio Net Earning Profit Per Share Margin after Tax .19% 2500 15% 10% 2000 5% 2.85 Percentage 20 2013 17.04 Current Ratio 1.24 15 10 2012 27.09 1.33 5 0 Return on Return on Assets Equity Return on Capital Employed Percentage 30 Net Profit Before Tax 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 9 8 7 6 5 4 3 2 1 0 2012 8.98 1.43% 0 Non-Current Assets Current Assets Current Liabilities 2012 Non-Current Liabilities 2013 Shareholders Equity -15% Growth Growth & Composition of Operations 2012 7000 2013 Growth 40.78% 6000 Billion Rs 5000 4000 21.56% 3000 Billion Rs 20% 15.49% 500 -10% -12.25% 1500 0% 1000 -5% -8.

Cost of sales i).370.64 24.830.159 911.275.016 701.416.037 19.193.650 1.538 54.162 2.424.864 507.34 .970.033.Non-Current Assets (A1+A3+A5+A6+A7) 1.08 2.074.086.757 583.724.255.704 215.213.793 21.917 3.998.255.803 35.356.791 232.92 6.576 127.917 1.262.042 814.27 13.Total fixed liabilities (D1+D3) 3.101.744 232.Shareholders Equity (E1+E2+E3) 1.246.202 1.06 1.894 101.182.047.340.594 263.894 170.323.810 174.44 0.546.90 7.252 46.280 487.444 1.969 943.716.970 14.44 0.569.Depreciation for the year 5.684.409.81 9.590 778.635 642.475.721.077 647.590 1.462.335 397.279.399.154.00 1.780 159.258.318 17.308 125.Total amount of dividend 10.741.824 475.575 31.650 2.632.104.227.197.Acid test or quick ratio[(B1+B3+B4) to C] 2.150 208.Reserves i).Retention in business (F7-F8-F9) 4.891 122.345.995 2.465 63.Other input cost 3.Current Liabilities (C1+C2) 1.272 946.604.72 0.359 826.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.012.855.234.554. shares) 3 0.051.Total value of bonus shares issued 11.930 3.699.791 2.751.415.852 1.020.241.52 8.851.897.927.722 96.Inventories 3.36 11.247.039 47.111.759 4.530.991 0 (61.892.27 0.789.432.483.49 3.Return of equity (F7 as % of avg.479.910.865.956 345.685.228.423 156.703.07 3.Other non-current assets B. wages and employee benefits 6.513 7.691 297.567.499 1.259 70.551.257 86.853.785 1.082 327.094 37.383 318.661.609 593.025 438.322 178.22 17.48 25.291.412 778.307 127.335.Capital Reserve ii).877.611 104.78 1.318.251.480.59 53.051.789 0 1.35 8.629 39.950. shares] 17.238.877.363.334 377.02 85.856 10.017.715 204.866.389.478 444.440 361.182 197.51 3.490.63 14.158.731 117.689.070 452.523./share) [(F7-F8)/No.Cash & bank balance 2.352.932.760.Operating fixed assets at cost 3.254.Gross Profit 4.358 106.858 325.258 54.663 582.495 83.008.389.721.61 5.441 1.10 0.047.349 439.125.Cost of goods sold to sales (F2 as % of F1) 7.745 2.975 773.384.152.Administrative and other expenses 5.253 44.133.231 2.757 305.95 13.986) 110.493.796.521 594.825.408.54 7.047 2.104.287.901.Earning per share after tax (Rs.670.01 84.561.039.960.831 157.353.079.826.694.134 67.Short term investments 5.095 1.248.126 125.894 718.260.195.Selling & distribution expenses ii).981 470.617.423 245.683 697.613.345 96.143.859 180.594.275 114. G1) 11.435.980 1.87 4.947.14 19.151 154.639.172.829.961 1.881 55.66 0.535.86 13.184.878 59.341 6.343 562.965. of Ord.171 2.245.957 331.008.624.365 428.Employees benefit obligations 5.116 76.527.182 371.067 1.297.807.684 123.511.689 318.Export Sales (Net) 2.81 1.321.72 26.437 1.753 516.634.870.306 2.579 1.308 398.190 226.58 1.532 2.238 432.Return on assets [F7 as % of avg.381 82.316.162.Long term unsecured loans 3.599 482.476.94 7.412 3.680 659.266 112.Return on capital employed ( F7 as % of avg.520 466.708.Issued.Miscellaneous 1.538.768 1.002.985 2.234.762 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.856 198.Operating fixed assets after deducting accumulated depreciation 4.785.148 2.755. administrative and other expenses i). E) 10.606.099.873.96 6.07 83.905.241.579.049.Other non-current liabilities E.010.403.Financial Statement Analysis of Non Financial Sector 2013 Private .Other current liabilities D.037 1.Revenue Reserve 3.264.730.817 156.691.Sales i).647.975 186.60 0.52 1.96 16.708.513.Cost of material ii).066.01 84.23 0.Current ratio (B to C) 6.881 29.470 1.11 1.856 647.845 849.026.766 13.793 48.978 219.242 1.345 59.465 8.337.538 2.946.571.695.641.00 12.954.033.004 424.Net profit before tax 8.453.116.124.043.241.890 52.690.89 2.098 270.859 21.371 1.941.964.772.054.073.110.374 252.395.745 1.476.403 3.325 108.Trade Debt 4.213 52.265.924.730.01 1.Overall A.920 1.12 1.55 3.954.132.Preference shares 2.076 3.225.378.791.757.957 158.871.177 182.412 203.42 4.Operating cash flow to debt ratio [F11 to (C+D)] 16.256.594 2.44 10.056.226 3.643 50.102 238.827.086 78.167.78 8.244.91 0.690.364.828.757.320.Contractual Liabilities (G2+C1) H.468 195.903.547.602.Long term secured loans 2.269.039 46.202.138 11.49 3.674.840 1.307 386.315 138.383.912.591.75 29.460 483.549 1.076.Tax expense (current year) 9.590 474.756.879.093 9.190 209.503.125 140.145.867 128.Inventory Turnover Ratio (F1 to B2) 13.962.90 1.832 181.11 8.808.001 136.171 810.805 140.235.271.538.641.285.412.11 4.696 27.649 78.929.89 1.630 84.630 584.Cash flows from operations G.779) 820.Assets turnover ratio [F1 to (A+B)] 5.115.590.444 1.30 26.129.153.393.427 90.655 127.708 0 37.773 6.157.685 127.009.525 86.53 0.903.605.564.723.Dividend cover ratio [(F7-F8) to F9] 12.981.07 85.182.368 2.461.162.805 0.181.499 1.389 660.704 0 268.89 8.105.356 437.151 440.442.Current Assets (B1+B2+B3+B4+B5) 1.Debentures/TFCs 4.563.100.497 25.General.44 Items F.937. Subscribed & Paid up capital i).868 2.Other current assets C.Salaries.115.Capital work in progress 2.172.Long term investments 7.129 549.457 181.388.650 12.328.135 99.913 1.212.146 199.146 436.344.477 45.724.903 487.046 2.995 67.976.767.497.595 119.287.955.117 102.924 407.182.365.228 813.Key Performance Indicators 1.027 307.860.223.52 4.723 2.038.656.56 1.095 142.579.061.162.02 1.034.06 1.489.315.321 392.86 4.122.478 147.423 496.197.840 145.300 96.92 3.707.353.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.86 12.51 0.10 2.502.932 341.80 0.044.571.642.032.417 30.07 7.261.582 153.153.841 1.986.169.101.051 2.05 2.358 3.431.582.962 74.724 324.208 274.769.865 251.342.40 22.808 149.927.454 29.533 112.484.Ordinary Shares ii).761 440.287 503.343.Total capital employed (E+D) 2.051 196.186 507.166.Financial expenses as % of sales (F6 as % of F1) 3.984 1.528.258 904.78 2.137.771 2.432.565 3.048 105.030 388.55 2.235.223.956.22 9.364 2.338.814.674.988 1.19 4.578.653 3.971 391.339.611 149.00 1.895 1.942.324 449.013.42 0.072.87 1.818 16.924 186.886 32.723.148 1./share) (E/No.081.295 427.167 891.Local sales (Net) ii).970 163.045.140.637 2. of Ord.908 188.389.962.165.Break-up value shares (Rs.196.584.44 1.173.854.701.640.991.743 88.64 10.Operation: 1.787.602.424 0 1.974 147.559.261.671 105.576.694.Short term Secured loans 2.059.372.271 1.122.610 546.686 703.83 14.241 143.019.98 84.856.159.911 1.508.829.942.79 5.621.574 1.81 8.Net profit margin (F7 as % of F1) 15.736 109.092.576 110.855 233.89 4.728 607.418.004 36.36 26.092.375.78 7.900 2.627.019 219.752.817.11 1.Debt equity ratio [(C+D) to E] 8.320 163.451.189 37.334 327.26 1.352 508.Trade Debt as % of sales (B3 as % of F1) 4.(A+B)] 9.081.905.323 1.942.367 (7.13 1.571.343.51 5.355 29.830 455.058 3.365 298.374 182.739 110.877 520.361 238.574 83.423.294.908 418.838 299.928.761.850 531.563.Intangible assets 6.729 529.70 0.424 180.63 1.120.052.033.198.617.88 1.195.187.954.483.Financial expenses of which: (i) Interest expenses 7.476.356.333 57.831 107.559 366.553 497.

66 5 4 3 2 0 2012 7 2013 15 7.63 13.56 Return on Return on Assets Equity 2013 6 4.53 8 Percentage Percentage 20 Net Profit Before Tax 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 1.63% -10% -11.44 8.61% 1000 500 0% -5% -7.86 14.02 1.22% 0 Non-Current Assets 15% Current Assets Current Liabilities 2012 157.67% 28.3 1.4 4.78 10 5 8.75 4.01% Billion Rs 2000 10% 7.89 1.07 2.52 1 Return on Capital Employed 0 Current Ratio Debt Equity Ratio Net Profit Margin Earning Per Share after Tax .38% 1500 5% 1.33% Sales Gross Profit Key Performance Indicators Profitability/Efficiency Ratios 25 2012 22.75% 12.02 Non-Current Liabilities 2013 Shareholders Equity -15% Growth Growth & Composition of Operations 2012 5000 4500 4000 3500 3000 2500 2000 1500 1000 500 0 2013 Growth Billion Rs 81.Growth with Composition of Assets & Liabilities 2500 20% 15.

086 0 1. shares) 9.452.703.743 25.923.303 146.Salaries.171.871 0 295.350 30.554.658.208.828.429 195.Tax expense (current year) 9.Trade Debt as % of sales (B3 as % of F1) 4.774.050.804 14.714 38.23 13.725.966 427.508.227.392.37 10.206 61.924.334 39.475.915 111.626.058 77.680.410 34.482 81.37 0.104 16.162.228.251.714.156 60.313 6.40 2.14 86.147 2.942.126.036.09 12.010 184.123 29.689.753 7.871 103.266.902 33.430.173.12 7.569 699.Debentures/TFCs 4.762 22.107.244 43.667.379 64.297.889.42 1.483.438.200.948 83.953 23.341.725 71.783.347 674.174.56 47.810 174.68 10.764 619.Capital work in progress 2.226.194.Total value of bonus shares issued 11.780.453.967.671.029.514.927.202 18.798.916.Long term unsecured loans 3.092.33 27.948 46.Preference shares 2.400.233 121.994 1. shares] 17.500 216.974 278.193.094.608 160.00 7.220 18.672.759.154 649.54 2.122 188.Break-up value shares (Rs.738.359 1.Sales i).98 86.351.Shareholders Equity (E1+E2+E3) 1.Total capital employed (E+D) 2.Capital Reserve ii)./share) (E/No.576 576.812.72 34.900.296 267.372 68.187.678 24.121 44.88 2.815 67.318.066.117 232.244.Other current assets C.79 2.108.895.954.420 552.940 569.777.Net profit before tax 8.674.608.51 18.001 37.258.460.321.709 12.673.68 0.180.Trade Debt 4.849.994 194.983.464.766.052.966.433.74 0.648 362.30 1.541.939.038.383.900.144.654.654 39.19 1.02 9.Administrative and other expenses 5.463.784 0 1.20 1.Inventories 3.094.456 2.276 33.432.Cash flows from operations 1.512 19.530.721 74.617 60.016 687.301.060 9.838 47.774 24.253 101.795.95 0.959 94.667.606.448.148 219.63 54.282.Cash & bank balance 2.857.802.680 30.006 59.201.200.Operating cash flow to debt ratio [F11 to (C+D)] 16.581 42.77 25.60 0.486.409.43 42.861.318.28 1.563 917.370 113.115.001.366.587.438. G1) 11.292.651.Selling & distribution expenses ii).Return on assets [F7 as % of avg.Other non-current liabilities E.947 72.Debt equity ratio [(C+D) to E] 8.073 624.284.049.930.25 12.13 14.Long term secured loans 2.40 0.760 33.344 87.729 474.758 1.925 192.175 7.442.064 322.329 35.241 0 1.315 9.278.46 5 .500 114.895 46.980 51.918 22.Reserves i).719 26.Short term Secured loans 2.44 15.338.241.865 26.722 15.252 138.91 48.297.939.50 1.466.82 9.353 - F.886.Contractual Liabilities (G2+C1) H.188.22 0.059.421 448.548 1.072.335 34.893 441.355 54.928 409.344 151.701 100.631.629./share) [(F7-F8)/No.382 68.802 562.505 75.900.989 290.Issued.387 82.338.462 249.308.427 1.723.675 90.248.030 106.791.119.53 25.564.626 736.13 9.862.679.56 1.467.Total amount of dividend 10.Cost of sales i).187.644 37.159 304.148 37.552 13.95 13.375 180.862.Retention in business (F7-F8-F9) 4.94 27.547 21.547 49.095.302 516.868.76 2.407.857.494.Operating fixed assets at cost 3.029.527.133 13.837 161.263.Depreciation for the year 5.698.561.26 1.617.791.719.823 154.904.197 137.959. E) 10.717 376.928 71.457 8.283 63.913 1.575.134 843.02 1.758 108.317 262.889 41.542.508.035 204. Subscribed & Paid up capital i).Employees benefit obligations 5.595 18.Current Assets (B1+B2+B3+B4+B5) 1.839.878.146 230.523.Short term investments 5.664 8.914 104.953.966.014 24.603 82.439.423.150.Current Liabilities (C1+C2) 1.967 90.50 13.Cost of material ii).874.495 1.34 1.393.23 27.342 174.805 36.Miscellaneous 1.200.589 66.Acid test or quick ratio[(B1+B3+B4) to C] 2.435 948.889 117.73 47.24 86.177 12.829 47.072 62.473.002 35.369.140.867.711 78.Long term investments 7.362 32.528.610.968 356.26 0.Financial expenses as % of sales (F6 as % of F1) 3.431.241 179.401 526.180.77 2.044 95.055 20.06 0.915 265.354.241.172 75.268.412.339 307.636 35.347 26.373.124.032.74 0.879.927.844.742 189.500 169.407 4.962 293.646.02 17.038 48.746 0 356.953.533.023 275. administrative and other expenses i).Dividend cover ratio [(F7-F8) to F9] 12.266 3.682 62.149 544.143 1.442 106.089 69.Local sales (Net) ii).123.341 423.575. of Ord.323 0 29.976 466.312 20.977 103.382 67.585.376 64.086 1.543.746 107.834 817.687 1.15 0.086.068.665 17.Earning per share after tax (Rs.051 42.532 1.Financial Statement Analysis of Non Financial Sector 2013 Public .555 17.589.32 2.Assets turnover ratio [F1 to (A+B)] 5.671.(A+B)] 9.477.00 35.29 24.Financial expenses of which: (i) Interest expenses 7.416.981.Return of equity (F7 as % of avg.609.Revenue Reserve 3.567.623.87 17.365.172 327.135 8.Operating fixed assets after deducting accumulated depreciation 4.554.952.928 59.705.113.693.048 58.962 12.032.206 61.44 41.652 328.Operation: 1.70 2.00 21.095 1.893.23 1.062.20 30.508.799.430.Inventory Turnover Ratio (F1 to B2) 13.492.124 40.643.518.153 88.275.565.422 517.167 26.551 830.152 1.702 83.203.193.698.403 140.702 13.638 40.85 2.64 0.875 161.77 0.130 4.991.Cost of goods sold to sales (F2 as % of F1) 7.147.055 47.143 104.874 18.017.26 14.197.839.300 1.296 25.98 83.976.704.344 0 100.306 36.475.570.484. of Ord.188.Export Sales (Net) 2.637.799.Overall A.399.Key Performance Indicators 1.932.315 214.07 8.066.691 107.373.193.240 133.24 86.034 27.784 1.575.153 249.043 - 1.634.557.563 8.761 22.951.75 1.783 40.85 19.749 11.296 528.757 80.11 1.101 51.241 1.456.18 11.45 8. wages and employee benefits 6.548.Ordinary Shares ii).882.659.17 85.539 357.337.914.60 Items 449.021 330.173.120.190 669.500 25.505.496.296 65.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.785.020 330.678.27 22.942 101.866.148 9.040 24.797.Other current liabilities D.Current ratio (B to C) 6.852 102.35 11.324.17 2.003 G.976 29.930.295.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 312.883 68.828 18.181.948 63.147 177.873.276.147.966 40.776 561.697 87.957 47.735.697 26.68 52.265 12.712 94.160 407.408 305.112 185.803.359 0 1.055 29.628 615.88 20.908 70.823 91.Other non-current assets B.571.792.367 9.783.897 1.Return on capital employed ( F7 as % of avg.958 104.290.403.527.066 120.Total fixed liabilities (D1+D3) 3.51 2.017.095.49 8.010.803.36 1.127.651.055 348.065 380.495 0 1.Other input cost 3.444 32.230.209.Net profit margin (F7 as % of F1) 15.General.960.200 199.465 867.603.57 1.782 0.299 52.716.685.44 1.745 498.328 90.312.901.421 295.646 90.Gross Profit 4.584.541.57 11.459 7.742 308.63 9.618.669.660 48.338.Intangible assets 6.577.214 356.189.430.34 23.498 823.315.122 52.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.165.596 127.136.51 25.33 10.48 1.612 510.072.04 43.109 330.589.55 16.97 17.218.496.10 31.Non-Current Assets (A1+A3+A5+A6+A7) 1.286.950 197.843.

91 13.73 10.Billion Rs Growth with Composition of Assets & Liabilities 1000 900 800 700 600 500 400 300 200 100 0 45.53 2012 2013 27.43 12 2012 2013 11.44 14 Return on Capital Employed 0% 12.33 41.26 1.73% 10% 0% -10% -20% -30% Shareholders Equity Growth Growth & Composition of Operations 2012 2000 1800 1600 1400 1200 1000 800 600 400 200 0 2013 Growth 7% 6.24 0.98 Current Ratio 1.95 Debt Equity Ratio Net Profit Margin Earning Per Share after Tax .42 14.35% Billion Rs 5% 4% 2.75% -22.95% 4.44% 6% 5.6810.57% Sales Gross Profit 48.40 10 8 6 4 2 Return on Return on Assets Equity Net Profit Before Tax Key Performance Indicators Percentage Percentage 2% 1% Profitability/Efficiency Ratios 50 45 40 35 30 25 20 15 10 5 0 3% 0 2.79 25.22% Non-Current Assets Current Assets Current Liabilities 2012 Non-Current Liabilities 2013 50% 40% 30% 20% 15.00% -1.

TEXTILES .

626.495.83 2.391.Break-up value shares (Rs.133.Return of equity (F7 as % of avg.893.68 5.930.876 387.05 6.147.Inventories 3.649.516.542.241 18.034.56 5.653 5.33 3.194 182.908 85.435.658 8.336 102. of Ord.638 85.302.780.813 90.902 314.916 6.671.86 0.Short term investments 5.630.637.218.18 48.166 52.452 343.395 34.12 4.677.789 261.015 29.General.796 406.629 380.788.319.196.Other current liabilities D.160.Current Liabilities (C1+C2) 1.03 44.115 54.091 12.367 44.088 26.500 30.693 36.073 225.674.338 39.580 20.693 14.173./share) (E/No.894 26.37 5.678.666 19.729.172.945 280.772 12.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.608 89.119 31.490 (18.292.464 357.958.163 81.577.662 15.827 19.250.172.221.227 652.025 237.710 32.708.361 244.Revenue Reserve 3.115.706 88.252.869 4.622.929 313.Total value of bonus shares issued 11.198.587.972 110.612 185.59 4.769.144 74.346.433 20.067.81 -2.360 293.339.911.Operation: 1.984 902.002 7.343 112.Financial Statement Analysis of Non Financial Sector 2013 Textile Sector .485 - F.808 80.662.51 36.899 1.483.030 47.272 87.20 1.279.78 3.865.925 15.561 361.651 42.269 56.47 11.331 62.(A+B)] 9.471 445.413 1.205 53.655.802.12 35.868 111.238.313 134.839 80.563.449.367 70.787 378.970.03 4. Subscribed & Paid up capital i).919 243.626.230 81.10 1.438 127.478 5.867.913 32.626.332.Earning per share after tax (Rs.Preference shares 2.661 161.02 91.Miscellaneous 1.188 858.133.757.953.127.Acid test or quick ratio[(B1+B3+B4) to C] 2.896.Shareholders Equity (E1+E2+E3) 1.863) 154.333 128.84 0.601 13.022.731.506 381.001 180.Overall A.072.437 8.352.319 40.291.345.108 280.726 347.713.911.055 6.123.07 87.199 306.638.83 -2.001.159 111.44 0.650 5.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 220.619.49 2.370.07 2.853.497 13.Cash & bank balance 2.409.622.509 278.925 356.657.625.495.Non-Current Assets (A1+A3+A5+A6+A7) 1.756.30 47.Current ratio (B to C) 6.031 73.823.700 17.845.176.117 13.88 -0.718.050.977 220.173 121.396 263.484.Key Performance Indicators 1.088 154.Other input cost 3.267 21.833.334 324.63 1.651.58 -1.687.Selling & distribution expenses ii).739 93.671.708 42.058 82.163 162.647.000.00 1.133.833 4.98 0.931.202. E) 10.654.202 5.268.985 222.181.83 3.395 73.240.19 11.351 209.011 12.259 39.164 468.900 345.332. G1) 11.281 48.137.981.010.396.922 77.590.458 61.060.277.09 9.406 48.022.020 0.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.88 0.07 5.316.824 137.723.258 22.Long term secured loans 2.606.583 4.126 92.Cost of sales i).027.476 14.949.161 52.075 90.643.456 506.893 623.496 707.395 49.141 46.988 22.99 5.284.647.Administrative and other expenses 5.983.12 1.00 5.44 0.608.141 186.35 1.848 5.Issued.Trade Debt 4.538 125.228.128 149.40 57.832 3.247.672.Trade Debt as % of sales (B3 as % of F1) 4.258.991.043.325 385.094 32.349.22 0.311.21 0.869 14.96 9.04 87.030 421.33 Items 341.659.546 146.Operating cash flow to debt ratio [F11 to (C+D)] 16.088 83.448.788 1.85 2.564.193 4.307 19.143.417.912.754 151.938.492 32.331 80.504.86 87.Sales i).Long term investments 7.198 17.292 6.07 -1.082.688.413 291.170 51.38 5.Assets turnover ratio [F1 to (A+B)] 5.439.345.362 181.956 220.Retention in business (F7-F8-F9) 4.810.435.607.139.079.359.48 -1.081.010.103 257.895 7.447.683 124.833.199.528 277.467 4.676 57. wages and employee benefits 6.653 92.317.035.861 58.724 93.Other current assets C.323 3.397 4.314 18.045 595.532.935 17.347 15.163 (11.994.88 13.118.700.218 248.472 292.19 0. shares] 17.002 29.952.549 311.69 15.587 - 443.755 174.916.284) 284.Export Sales (Net) 2.Net profit before tax 8.972.484 14.191.410.389.493.439.656.422 50.302 37.Debentures/TFCs 4.90 0.832 2.410.287.03 9.83 -0.195.68 -0.232 919.775 38.728.114 19.312 49.973.282.326 4.927 43.786. administrative and other expenses i).349 16.739.031.958 115.623.794.078 102.821 52.091 197.19 -1.22 1.16 0.981 176.296.800 218.154.090.Debt equity ratio [(C+D) to E] 8.138 641.032 113.847.740.559.317 (4.104) 2.66 0.946.021) 6.Total fixed liabilities (D1+D3) 3.280 248.46 7.Reserves i).895.843.79 5.846 734.647.180 11.278.93 4.317 48.972 97.569 50.890 17.10 14.849 63.452.625.836 1.383 4.698 1.56 -4.907 13.074 35.94 1.77 1.953 52.134.74 8 .197.164 485.085 36.Capital Reserve ii).132 64.699 257.092 67.Operating fixed assets after deducting accumulated depreciation 4.Local sales (Net) ii).853.469.441.81 0.732.37 5.516.631 19.626.59 14.978.240.619.892 119.177.495 3.653 310.824 38.650.08 1.427.050 907.160 1.Cost of goods sold to sales (F2 as % of F1) 7.946.101 459.32 5.342 292.685.Tax expense (current year) 9.29 6.Contractual Liabilities (G2+C1) H.199 1.974.318 245.972.575.810.878.670 18. shares) 1.892.794.783.Long term unsecured loans 3.Return on assets [F7 as % of avg.383.426 1.043.009.Net profit margin (F7 as % of F1) 15.176 36.078.Return on capital employed ( F7 as % of avg.33 1.810 28.018 373.569.009 28.621.Operating fixed assets at cost 3.33 2.Other non-current assets B.137.223.Total amount of dividend 10.250.503.263 140.329.238.925.432 75.63 4.07 -2.973 5.992 45.222 49.114 28.817 408.736 250.267.575.965 92.538.57 -5.239 60.119.074 327.872.347 2.744.Other non-current liabilities E.502.388.619.801 48.52 13.326 9.Current Assets (B1+B2+B3+B4+B5) 1.905 8.78 0.128.25 -0.640.562.758 102.438 199.Employees benefit obligations 5.Cash flows from operations 383.587 52.099.182.276.043.Gross Profit 4.715.418.250 5.538.308.93 84.139 262.383.227 234.Depreciation for the year 5.150 3.02 5.473.381 16.Capital work in progress 2.803 2.255 257.009.185.401 25.858 337.897.965.Cost of material ii).509.033 38.714 170.389 398.Short term Secured loans 2.454.Dividend cover ratio [(F7-F8) to F9] 12.308 (8.992 18.620 1.503.529.505.131.044 308.11 89.Inventory Turnover Ratio (F1 to B2) 13.609 92.233.534.Financial expenses as % of sales (F6 as % of F1) 3.656 45.077. of Ord.663 442.799.501.298.951 86.48 11.Financial expenses of which: (i) Interest expenses 7.283 315.348.331) 276.238 246.764.520 G.970.Total capital employed (E+D) 2.362.530 425.790 78.049 135.389.490 100.106.502.126.43 0.Salaries.182 25.655 1.468 33.141 713.960.700.141.109.38 4.Intangible assets 6.133 51.463.823.97 0.93 0.051 1.171 29.518 6.54 1.392 20.746.871 5.872 15.317./share) [(F7-F8)/No.333.313.00 -2.780 (5.20 0.101.Ordinary Shares ii).804.534.27 8.406.515 142.151 15.77 0.61 5.383.01 11.324 343.812.193 49.553 194.177 5.231.

48 on Return Capital Employed Percentage Percentage 2012 2013 12 Net Profit Before Tax Growth 900% 800% 700% 600% 500% 400% 300% 200% 100% 0% Key Performance Indicators Profitability/Efficiency Ratios 10 8 6 4 2 0 -2 -4 2013 7 6 5 4 3 2 1 0 -1 -2 -3 6.63 5.8% Non-Current Assets Current Assets Current Liabilities 2012 -5% Non-Current Liabilities 2013 Shareholders Equity -10% Growth Billion Rs Growth & Composition of Operations 2012 800 700 600 500 400 300 200 100 0 -100 826.18 Tax after .83 Assets Return on -2.7% 5% 0.6% 0% -4.Billion Rs Growth with Composition of Assets & Liabilities 450 400 350 300 250 200 150 100 50 0 25% 19.02 1.09 14 9.68 1.5% 20% 15% 10.38 Debt Equity Ratio Net Profit Margin -0.5% Gross Profit Sales 12.7% 10% 5.07 Current Ratio 1.84 Earning Per Share -2.4 2012 5.6% 16 14.59 Return on -0.0% 63.19 Equity -1.43 2013 1.

FINISHING OF TEXTILES . WEAVING.SPINNING.

of Ord.792 347.710.388 47.115.248 14.706 31.294.59 0.Administrative and other expenses 5.038.655.834.Debt equity ratio [(C+D) to E] 8.02 4.842.642.263 17.044.502.670 101.477.338.00 13.422 234.142.91 83.766 5.901 51.346 339.304.347 595.362. Subscribed & Paid up capital i).364 128.97 -0.96 4.210 34.467 97.329.921.69 -1. Finishing of Textiles .011 37.168.722.600 187.196 11.091 216.850.384.831.210.746.37 3.87 4.984.832 2.846.433.37 11 .Selling & distribution expenses ii).269.698.418.546.125.Dividend cover ratio [(F7-F8) to F9] 12.499 67.155.336 4.917 3.290 35.239.968 129.246.388 3.387 1.04 6.309.413 187.605 34.904 294.Total fixed liabilities (D1+D3) 3.75 3.069.Short term investments 5.30 0.Cost of goods sold to sales (F2 as % of F1) 7.750 16.Inventory Turnover Ratio (F1 to B2) 13.498.375.67 43.717.152.034 43.754.107 24.033 64.244 7.Ordinary Shares ii).765.653 5.599 41.108.07 86.125 315.743 243.588 76.789 15.43 -2.860) 224.Return on assets [F7 as % of avg.899 43.139.524 216.065.610.89 0.785.Assets turnover ratio [F1 to (A+B)] 5.161.340 6.642.249 57.147.312.171 67.172 15.774.236.788.Trade Debt 4.44 -3.904 539.Current Liabilities (C1+C2) 1.Capital work in progress 2.23 -0.579 4.607.503.418 72.Export Sales (Net) 2.88 86.12 88.Other non-current liabilities E.059 15.473 247.258.189 185.102 37.002 5.798.00 -2.64 5.Return of equity (F7 as % of avg.86 0.756.456. wages and employee benefits 6.750.390.407.125 296.448.641.191.164 155.006. E) 10.880 - 379.300.470 281.521 55.160.Intangible assets 6.722 47.Current ratio (B to C) 6.846.677.236 13.632.562.626.965 373.487 363.10 0.592.655.398.340 40.82 0.91 -4.191.298.Reserves i). shares) 2.Total capital employed (E+D) 2.052 13.302.501 37.Sales i).620.414 12.892 95.011 2.446.827 1.859 52.229.199 197.486 8.500 27.634.193 45.403 105.168.222 1.333 98.290 46.351.723.64 0.391.071 210.486 56.51 0.467 20.516.310.441 189.832 2.618 11.865.541.70 4.627.958 101.743.83 14.691 159.330.993.495 2.Cash & bank balance 2.626.297 9.778 29.726.484.211 118.547 72.231.307 245.508 221.660 5.068.37 44.816.77 1.499 15.495.179 20.965.195.104.674 10.107 16.695 47.079 5.750 56.Return on capital employed ( F7 as % of avg.14 1.530.225.095.691 15.30 6.560.951.714 13.575.687.993 349.480 105.409 14.448.Gross Profit 4.932 235.163 67.377 29.Long term secured loans 2.352 4.71 -0.Salaries.405 91.027 813.85 3.231.624 625.28 9.393 11.865 95.850 73.329.289 1.04 55.370 327.030.054 42.817 243.868.975.Operation: 1. of Ord.763 29.040.49 1.268 264.787 36.233.476.048.12 9.687.849 69.891.221.400.Revenue Reserve 3.766.682.518.Cash flows from operations 318.524.763.387.239 58.481 391.83 1.33 5.59 5.870.426.070 232.423.043 153.303.260 12.467.260 327.270 11.931 26.875 88.684 607.053 82.665.311.323 8.866) 133.947.Capital Reserve ii).788.584 270.872.819 31.570.976 26.17 2.47 7.45 1.93 11.805 307.397 3.Net profit before tax 8.652.818.760.Acid test or quick ratio[(B1+B3+B4) to C] 2.877 15.067 141.535 88.65 11.595 260.680.532 24.363.831 127.794.692 261.Retention in business (F7-F8-F9) 4.93 1.700 306.131) 248.68 14.49 2.550 215.06 -0.352.64 0.190.01 91.160 16.919 33.Issued.116 77.540 47.341 27.195.854. G1) 11.Trade Debt as % of sales (B3 as % of F1) 4.756 53.043 27.646.160 14.008 71.618.264.560.783 192.423.241 237.Other current liabilities D.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.36 11.375.054.822 231.636.162 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.316.81 2.Contractual Liabilities (G2+C1) H.86 0.587 3.252.023.733 73.163 (8.Operating fixed assets after deducting accumulated depreciation 4.835.Key Performance Indicators 1.49 0.118.766.210.Other input cost 3.186) 5.062.166.475.281 55.276 71.Inventories 3.695.Long term investments 7.866 176.078 (1.Short term Secured loans 2.077 611.872 205.Total amount of dividend 10.585.90 0.521.997 46.Operating cash flow to debt ratio [F11 to (C+D)] 16.589.Earning per share after tax (Rs.428 114.710 88.213.Miscellaneous 1.56 5.215 53.970 42.657 332.197 36.188.376.015 (18.77 4.497.92 39.117 159.(A+B)] 9.31 Items 274.583 3.278 8.353 2.483 214.950.904.647.067 4.216.Employees benefit obligations 5.877 229.239.592.047.68 -1.85 1.316 47.180.610.330 531.Financial expenses as % of sales (F6 as % of F1) 3.376 3.537 176.485.869 286.695 73.Shareholders Equity (E1+E2+E3) 1.182.820 68.Current Assets (B1+B2+B3+B4+B5) 1.Preference shares 2.470 32.959 165.071 15.045.035 27.918.Long term unsecured loans 3.041 260.03 5.360.517 13.494 1.38 5.304.216 65.844 103.Net profit margin (F7 as % of F1) 15.090.383.709 260.017 - F.173 138.996 8.612.570 814.442.919 32.640 29.155.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 185.656.94 3.Other non-current assets B.00 2.121.54 1.071.04 13.858.Cost of sales i).24 1.737.17 -0.123.365.634 50.476 232.143 432.080.36 1.753 15.135 44.79 -2.327.710.098.057 38.676.242 5.077.429 4.432 12.493 23.545 4.276 39.Financial Statement Analysis of Non Financial Sector 2013 Spinning.191.44 12.39 5.063.120 8.215.617 5.495.523.259.098.059.213.266.498.577 36.603.Other current assets C.001 145.482 156.935 230.772) 2.05 8.828 1.478.857.78 0.30 8.806.01 1.178 24.671 267.495 364.811 21.702 6.984.Break-up value shares (Rs.Total value of bonus shares issued 11.478 17.03 87.582 69.29 1.328 70.401 19.48 0.537.773 375.99 3.989 328.669. administrative and other expenses i).908.Debentures/TFCs 4.421 65.772 158.038.151.27 0.092 5.838.605.77 0.466.421 75.119 1.999 197.426.281.General.991.056.738.552 63.613.451.897 1.180 35.329.290 50.817.069.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.092 16.08 4.982.354.943.889 32.790 12.476 396.067 361.53 0.699 530.040 31.594.927 0.905.Operating fixed assets at cost 3.230 73.932.339.Overall A.04 39.574 11.149.984. shares] 17.684 204.813 59.036 134.835 73.397.884 13.938 66.865.50 0.325.905.019.216.776 491.156.619.066 46.483.195.89 12.92 4.354.305 63.433 12.888 134.Financial expenses of which: (i) Interest expenses 7.609 80.309 25.081 2.027.859.707.330.77 45.109.343 45.862 312.956.197 7.Local sales (Net) ii).Tax expense (current year) 9.292 97.159.541.037.465 80.595 257.080.056.370.487.349 (4.263 887.Depreciation for the year 5.933 G.137.712 309.664 1.436 (7.31 5.794.682 15.Cost of material ii).515 111.88 5. Weaving.712.835 288.162.137.08 -2.524 24.87 0.280 39.305.807.882 170./share) (E/No.205 116./share) [(F7-F8)/No.533 4.307.253 26.039.06 5.62 -2.471 215.101.251 207.

5 1.1% Non-Current Assets Current Assets Current Liabilities 2012 Non-Current Liabilities 2013 -10% Shareholders Equity Growth Growth & Composition of Operations 2012 700 2013 600 Growth 600% 522.68 Return on -1.01 1.12 14 12 2012 2013 9.62 Capital Employed 7 6 5 4 3 2 1 0 -1 -2 -3 6.48 Margin Earning Per Share after Tax -2.9% 5% 0% -2.Billion Rs Growth with Composition of Assets & Liabilities 400 350 300 250 200 150 100 50 0 25% 21.33 Debt Equity Ratio Net Profit -1.1% 10% 5.77 .4% Gross Profit Sales 13.4% -100 Net Profit Before Tax 0% 2012 16 14.3% 20% 15% 12.79 Return on -2.7% -5% -8.44 Assets Return on Equity -3.1% 500 400% Billion Rs 400 300 300% 200 200% 100 0 70.94 Percentage Percentage 100% Key Performance Indicators Profitability/Efficiency Ratios 10 8 6 4 2 0 -2 -4 500% 5.07 Current Ratio 1.04 5.68 2013 1.

Reserves i).Other non-current liabilities E.556) 1.645 189.331 0 62.00 -9.Long term unsecured loans 3.Other non-current assets B.027 0 357.46 9.84 -0.020 0 11.Other input cost 3.275 4.646 0 68.770 228 0 44 1.336 69.689 (72.61 -1.455 (14.Acid test or quick ratio[(B1+B3+B4) to C] 2.490 115.Net profit margin (F7 as % of F1) 15. E) 10.71 -1.707 0 (14. of Ord.Capital work in progress 2.Assets turnover ratio [F1 to (A+B)] 5.354 285.00 -3.Net profit before tax 8.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 385.000 0 9.000 294 235.00 0.261) 353.22 -2.665 49.913 7.455 (24.037) 0 0 0 0 0 0 0 11.342) 0 109.07 6.11 -6.Other current liabilities D.964 42 0 151.752 (275.469 0 12.283 291.208 0 296.752 (275.66 -3.275 0 13.68 -12.07 0./share) (E/No.080 1.96 - - - -15.315 3.Contractual Liabilities (G2+C1) H.163 7.Break-up value shares (Rs.354 40.336 0 196.Debentures/TFCs 4.(A+B)] 9.621 835 0 5.70 12.Return on assets [F7 as % of avg.000 0 (17.454 347.439 1.31 -22.212 196.07 Items 509.000 0 (273.500 G.788 0 247.099 1.788 304.856) 0 109.478 40.003 68.Cost of goods sold to sales (F2 as % of F1) 7.Export Sales (Net) 2.999 180.84 0.03 -3.448 0 11.910 291.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.804 209.226 7.Sales i)./share) [(F7-F8)/No.025 223 83.498) 0 0 0 (7.76 -5.208 0 296.646 0 68.Tax expense (current year) 9.Cost of material ii).Total amount of dividend 10.765 66.53 -0.85 -45.375 291.Gross Profit 4.00 0.497) 0 0 0 (7.300 0 1.Long term secured loans 2.12 -35.00 -8.000 0 (344.84 2.003 0 180.48 -6.08 0. shares) - - - - - - 11.856) 0 0 0 (10.Total capital employed (E+D) 2.622 (140.839 0 357.706 39 2.Selling & distribution expenses ii).017) 334.04 -4.Long term investments 7.292) 336.027 6.230 0 64.317 0 11.000 40.629 177.Cash flows from operations (5.567 1.Operating fixed assets at cost 3.02 -0.500 87 14.665 0 304.500 12.245 0 (72.Total value of bonus shares issued 11.48 1.808 0 5.Key Performance Indicators 1.Issued.315 7.261) 0 0 0 0 0 0 0 11.Dividend cover ratio [(F7-F8) to F9] 12.339 354.Current Liabilities (C1+C2) 1.000 0 (256.882 0 (14.Current Assets (B1+B2+B3+B4+B5) 1.427 0 1.354 285.12 159.01 0.308) 272.Ordinary Shares ii).347 0 142.46 9.300 0 1.Short term investments 5.425) 7.Intangible assets 6.Current ratio (B to C) 6.09 29.01 -18.634 164 2.30 13 .000 40.204) 0 0 0 0 0 0 0 12.81 -4.308) 272.128 416 0 0 1.Inventories 3. of Ord.217 - F.Salaries.38 - - - 0.Trade Debt as % of sales (B3 as % of F1) 4.000 40.856) 0 0 0 (10.Shareholders Equity (E1+E2+E3) 1.00 0.Cost of sales i).354 40.68 -12.Return on capital employed ( F7 as % of avg.Total fixed liabilities (D1+D3) 3.046 (14.128 416 0 0 1.00 0.684 0 67.01 0.31 6. shares] 17. G1) 11.596 (17.317 938 7.752 (258.Retention in business (F7-F8-F9) 4.00 0.540) 1.Operating fixed assets after deducting accumulated depreciation 4.General.000 40.338 0 1.027 6.Financial Statement Analysis of Non Financial Sector 2013 (Colony) Sarhad Textile Mills Ltd.03 -14.01 - - - - - - 0.000 0 (233.Miscellaneous 1. Subscribed & Paid up capital i).Return of equity (F7 as % of avg.655 0 209.00 0.097) 0 0 0 0 0 0 0 11.860 50 83.Inventory Turnover Ratio (F1 to B2) 13.677) 164.14 0.Financial expenses as % of sales (F6 as % of F1) 3.340) 2 0 0 (6.469 4.500 11. administrative and other expenses i).Employees benefit obligations 5.317 938 7.12 0.752 (235.Earning per share after tax (Rs.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.346 0 118. A.040 0 209.800) 0 215.37 -16.500 12.746 4.Administrative and other expenses 5.00 0.Other current assets C. wages and employee benefits 6.655 355.000 0 (17.Non-Current Assets (A1+A3+A5+A6+A7) 1.07 0.018 353.086) 40.346 0 39.110 40.596 (17.265) 1.212 196.56 -25.336 0 196.71 - - - - - -0.770 385.498) 0 186.780 17.Cash & bank balance 2.Local sales (Net) ii).346 0 39.212.Operating cash flow to debt ratio [F11 to (C+D)] 16.765 0 169.500 87 14.Depreciation for the year 5.500 88 23.Trade Debt 4.945 169.62 -0.251 931 0 5.794 0 (24.48 -28.621 835 0 5.62 35.645 913 0 216.72 -1.02 -6.Preference shares 2.04 -4.448 5.00 1.Debt equity ratio [(C+D) to E] 8.Short term Secured loans 2.89 -6.800) 0 0 32.497) 0 208.336 69.933 349.556) 1.910 - 0 0 0 0 0 0 0 13.Financial expenses of which: (i) Interest expenses 7.252 (351.298 247.050 6.Revenue Reserve 3.76 -5.02 0.217 40.856) 0 0.000 0 (273.84 0.317 0 11.000 40.567) 3.883 0 1.87 0.000 40.Operation: 0 0 0 5.Capital Reserve ii).53 -18.500 88 13.964 50 16.

536 (3.887 (172.Debentures/TFCs 4.07 0.15 3.34 0.491 487.34 0.Shareholders Equity (E1+E2+E3) 1.739 (12.Other input cost 3.Long term unsecured loans 3.58 110.353 51. of Ord.25 -28.900) 133.707 55.036 0 0 (39.55 -0.501 23.Short term Secured loans 2.89 2.93 0.328) 703.388 119.220) 8.052 107.681 119.06 -0.Acid test or quick ratio[(B1+B3+B4) to C] 2.106 3.970 0 196 154.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14. E) 10.141) 197.Net profit before tax 8.887 (177.631 15.387 0 0 94.536 44.513 15.25 14 .703 13.604 703.Tax expense (current year) 9.707 55.Contractual Liabilities (G2+C1) H.213 5.Operating fixed assets after deducting accumulated depreciation 4.840 105.56 36.071 0 29.22 7.85 0.013) 17.14 23.388 119.Inventories 3.522 534.56 -35.70 0.328) 703.37 7.462 101.72 1.501 9.26 0.Return on capital employed ( F7 as % of avg.79 0.40 -6.98 0.536 (3.384 0 22.084 55.311 0 593.141) 197.600 368.Financial Statement Analysis of Non Financial Sector 2013 (Colony) Thal Textile Mills Ltd. shares] 17.750 59.Depreciation for the year 5.688 55.688 55.85 0.965) 17.29 -12.013) 311.Capital work in progress 2.101 811 9.984 - 120.681 119.253 89.Miscellaneous 1.788 55.604 0 687.Financial expenses of which: (i) Interest expenses 7. G1) 11.931 16.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 368.Cost of goods sold to sales (F2 as % of F1) 7.575 22.103 53.153 192.253 89.301 271.091 104.907 319.325 195.30 0.48 -64.22 -8.27 0.633 2.Gross Profit 4.620 0 132.Revenue Reserve 3.89 2.Salaries.036 0 0 (39.Other current liabilities D.709) 277.633 2.715 4.681 119.604 703.875 0 0 G.931 16.07 0.13 12.Cash flows from operations 374.536 44.620 445.902 322.01 -1.Export Sales (Net) 2.319 0 445.036 0 0 (39.220 208.304 0 0 57.750 59.316) 703.71 -0.535 0 28.071 0 29.733 1.31 16.141) 197.11 37.852) 305.688 55.22 7.103 53.291 52.095 73.228 0 0 (5.290 277.680 124.13 6.883 0 (34.557) 1.253 89.Sales i).Operating cash flow to debt ratio [F11 to (C+D)] 16.Ordinary Shares ii).27 0.59 1.Dividend cover ratio [(F7-F8) to F9] 12.106 3.852) 305.962 179.18 13.221 352.152 50 12.931 16.Capital Reserve ii).55 -0.997 439./share) [(F7-F8)/No.177) 243.740 13.126) 17.046 570.956 56.23 6.70 3.Net profit margin (F7 as % of F1) 15.Debt equity ratio [(C+D) to E] 8.429 9.General.Break-up value shares (Rs.09 -0.819 199.291 (6.733 1.56 36.59 1.Total capital employed (E+D) 2.187 55.Financial expenses as % of sales (F6 as % of F1) 3.328) 276.362 92.604 0 687.Cost of sales i).Other non-current liabilities E.Retention in business (F7-F8-F9) 4. of Ord.688 55.196 137.115 116.Key Performance Indicators 1.101 27.719 3.567 0 25.05 0.709) 0 0 0 (11.656 77.770 7.311 0 593.887 (177.Current Assets (B1+B2+B3+B4+B5) 1.633 2.115 116.91 97.86 0.388 119.530 (3.34 0.912 0 374.345 19.221 13.688 0 (159.38 0.59 96.85 0.997 439.389 0 103.Issued.Short term investments 5.53 0.72 -3. shares) - - - - - - 7.432) 73.028 242.78 -9.005 199.Return on assets [F7 as % of avg.965) 17.688 0 (155. administrative and other expenses i).688 0 (159. wages and employee benefits 6.046 570.91 97.Total value of bonus shares issued 11.984 534.08 4.489 78.26 -1.895 7.09 -0. A.103 53.688 0 (159.867 (32.680 124.604 703.558 12.656 77.152 50 12.402 0 213 0 34.213 5.923 39.895 7.Trade Debt 4.814 28.949) 2.343 521.Preference shares 2.13 2.531) 445.750 59.00 -6.604 0 687.55 -0.12 -0.228 12.688 55.Earning per share after tax (Rs.970 0 196 154.04 0.72 1.99 2.Operation: 1.Cash & bank balance 2.687 55.53 99.688 0 (159.(A+B)] 9.204 (34. Subscribed & Paid up capital i).558 12.213 5.997 439.767 203.90 0.Assets turnover ratio [F1 to (A+B)] 5.850 (34.887 (177.387 0 0 94.979 201.176 3.56 36.536 (3.252 52.204 43.106 3.115 116.78 5.07 0.687 0 18.970 0 196 154.666 479.395 2.707 55.Other non-current assets B.620 0 432.Current ratio (B to C) 6.620 120.365 41 9.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Total fixed liabilities (D1+D3) 3.395 2.65 2.536 44.046 570.691 0 0 30.72 1.65 2.979 201.Reserves i).Inventory Turnover Ratio (F1 to B2) 13.Current Liabilities (C1+C2) 1.895 7./share) (E/No.286 521.387 0 0 94.979 201.814 44 8.887 (177.27 0.907 319.Non-Current Assets (A1+A3+A5+A6+A7) 1.907 319.873 20.33 0.286 521.965) 17.912 374.68 0.05 0.75 0.324 35.984 534.680 124.071 0 29.Cost of material ii).05 0.512 544.Selling & distribution expenses ii).Long term investments 7.91 97.Long term secured loans 2.Employees benefit obligations 5.631 15.89 2.913 158.191 300.311 0 593.196 137.429 0 213 26.117 27.78 -0.656 77.864 13.03 -6.Operating fixed assets at cost 3.02 0.558 12.75 Items 479.89 -0.237 192.Total amount of dividend 10.286 0.196 137.290 121.489 131.09 -0.93 0.095 0 203.Administrative and other expenses 5.35 -7.057 73.152 50 12.101 - F.Intangible assets 6.852) 305.37 6.14 11.65 2.875 0 626.Return of equity (F7 as % of avg.631 15.Local sales (Net) ii).395 2.Trade Debt as % of sales (B3 as % of F1) 4.733 1.Other current assets C.

731 0 186.929 5.Administrative and other expenses 5.Inventory Turnover Ratio (F1 to B2) 13.65 -135.Key Performance Indicators 1.612 25.35 3.457 188.685) 231 0 0 G.258 77.381) 191.87 -14.681) 160. of Ord.09 0.536 150.61 0.147) 0 0 0 (3.611 0 0 2.00 -4.596 0 191.22 -172.888 (113.Shareholders Equity (E1+E2+E3) 1.Net profit margin (F7 as % of F1) 15.956) 154.369) 77.000 0 2.Miscellaneous 1. shares] 17.933 16.Ordinary Shares ii).595 3.Net profit before tax 8.631 124.711 449.16 -7.36 -21.98 -6.Cost of material ii).184) 0 (358.639) 0 (413.954 179.Tax expense (current year) 9.Export Sales (Net) 2.44 -4.58 -3.Current ratio (B to C) 6.00 0.554 0 34.05 0.258 0 (358.631 52.014) 179.Depreciation for the year 5.722 18. E) 10.Operating fixed assets after deducting accumulated depreciation 4.Selling & distribution expenses ii).496 0 (38.28 -33.554 (34.Employees benefit obligations 5.01 -58.843 0 0 1.Return on capital employed ( F7 as % of avg.20 -5.657 163.331 0 53.854 179.082 0 0 0 (4.947 22.Debentures/TFCs 4.Contractual Liabilities (G2+C1) H.071 0 0 1.595 0 21.053 1.034 277.Other current assets C.014) 0 0 0 (6.97 103.Debt equity ratio [(C+D) to E] 8.192 740.Break-up value shares (Rs.347) 77.761 154.36 - - - -0.131 (17.147) 154.830 0 (25.Cash & bank balance 2.Return on assets [F7 as % of avg.76 -4.007 184.50 0.088 154.Financial expenses as % of sales (F6 as % of F1) 3.487 45 0 16.Operating cash flow to debt ratio [F11 to (C+D)] 16.245 1.315 292.42 95.657 407.661 - 0 0 0 34.88 .Non-Current Liabilities (D1+D2+D3+D4+D5) (Thousand Rupees) 2012 2013 2008 2009 2010 2011 433.138 2.04 Items 740.612) 2.Current Liabilities (C1+C2) 1.383) 77.918) 0 0 0 4.888 17.21 -2.402 1.(A+B)] 9./share) [(F7-F8)/No.19 0.268 15.Other input cost 3.Other non-current liabilities 0 23.487 45 0 16.Short term Secured loans 2.258 0 (413.701 45 3.208 395.67 - - - -9.860 279.Capital work in progress 2.Earning per share after tax (Rs.26 15 - 0.Long term investments 7.Sales i).019 3.889 (51.240 17.960 0 183.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Operation: 1.487 0 21.807 176.044 2.000 749 1.13 0.731 0 0 0 9.655 2.06 0.00 458.00 -3.258 77.60 18.00 -20.Assets turnover ratio [F1 to (A+B)] 5.947 108.Return of equity (F7 as % of avg.947 107.955 287.218 77.66 -0.918) 179.612 0 20.01 0.612 (20.Total fixed liabilities (D1+D3) 3.208 433.213 0 0 (23.Short term investments 5.381) 0 0 0 (948) 3.878 0 0 0 20.01 -2. shares) 0.258 77.Cash flows from operations 44.Local sales (Net) ii).643 16. Subscribed & Paid up capital i).383 41.726 23.070) 0 0 0 0 0 0 0 143.360) 5.454 0 64.054 383./share) (E/No.Trade Debt as % of sales (B3 as % of F1) 4.888 (166. of Ord.265) 77.888 0 656.00 0.659 0 174.163) 77.769 0 0 1.612 - 1.380 0 0 0 9.629 16.860 206.Financial Statement Analysis of Non Financial Sector 2013 Adil Textile Mills Ltd.Capital Reserve ii).70 0.248 0 0 (19.192 740.11 123.621 980 980 (134.956) 0 (282.916) 41.408 0 0 2.323 20.Acid test or quick ratio[(B1+B3+B4) to C] 2.487 0 25.258 0 (282.631 0.53 18.258 77.00 0.494 1.35 0.208 412.Cost of goods sold to sales (F2 as % of F1) 7.Total capital employed (E+D) 2.494 0 2.15 - - 2.040) E.Salaries.236 299.288 0 (19.268 0 373.51 37.70 -554.Long term secured loans 2.04 -37.Revenue Reserve 3.223 38.03 -3.Total value of bonus shares issued 11.947 133.772) 0 0 0 0 0 0 0 14.888 0 (13.907 178.01 6.224 45.13 584.208 378.025 277.258 0 (256.Reserves i).Financial expenses of which: (i) Interest expenses 7.384 0 (134.General.929 1.01 -2.402 0 2.577 0 (23.053 0 143.97 -1.681) 0 (265.67 -16.204 344 0 0 0 8.03 0.35 57.53 -0.719 0 0 53.94 -67.192 740.258 0 (265.865) 48.00 - - - 0.Other current liabilities D.Retention in business (F7-F8-F9) 4.482 0 0 2.130 193.554) 2.204 344 0 0 0 8.00 0.Surplus on revaluation of fixed assets - F.Current Assets (B1+B2+B3+B4+B5) 1.245 0 14.827 (38.771 0 1.Dividend cover ratio [(F7-F8) to F9] 12.424) 2.Other non-current assets B.827 1.258 0 (52.Issued.14 141.955 287.536 107.184) 167.00 0.Long term unsecured loans 3.491) 0 (256.15 -36.323 417.888 9.137 0 62.71 -16.657 0 176.Inventories 3.343 191.258 77.708 0 0 1. wages and employee benefits 6.Non-Current Assets (A1+A3+A5+A6+A7) 1.258 77. G1) 11.77 -36.548 292.Total amount of dividend 10.890 49 17.639) 170.Trade Debt 4.Gross Profit 4.487 0 21.137 44. A.Cost of sales i).06 0.487 0 30.92 -12.45 0.Preference shares 2.070 399.04 3.Intangible assets 6. administrative and other expenses i).223 38.99 -636.491) 166.631 80.06 0.01 -17.082 154.497 (18.81 -37.888 (28.Operating fixed assets at cost 3.548 (25.

427 142.48 0.299 136.582 1.339 (103.037 582. Subscribed & Paid up capital i).Other current liabilities D.08 13.General.888 57.114) 1.740 260 107.819 32.(A+B)] 9.Employees benefit obligations 5.227 1.878 328.467 2.932 2.005.Acid test or quick ratio[(B1+B3+B4) to C] 2.Local sales (Net) ii).866 1.090./share) (E/No.989 547.753 144.271 0 260 4.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.917 741.63 91.277.Long term secured loans 2.463 856.386 1.752 2.275 521.990.330 226. administrative and other expenses i).253 4.Return of equity (F7 as % of avg.96 0.17 10.74 89.35 1.966 298.550 1.754 0 259 39.64 -3.20 -8.746 119.348 144.880 101.071 600.86 0.153 1.Short term Secured loans 2.556.074 68.308 424.22 1.44 7.491.546.00 2.141 636.Miscellaneous 1.490.779 1.105 1.636 115.770 676.Ordinary Shares ii).92 0.015 1.072 3.949.112 18.346 191.394 172.35 4.831 0 81.849 3.773.98 129.998 0 345.Trade Debt as % of sales (B3 as % of F1) 4.318 2.758 17.724 161.755 191.97 0.972.Financial expenses of which: (i) Interest expenses 7.895 37.582.746 37.276 2.103.339 1.Shareholders Equity (E1+E2+E3) 1.829 0 2.507 1.145 2.276.598.680 2.636 105.65 8.647 25.Cost of material ii).082 0 151.401.47 7.180 899.54 0.Revenue Reserve 3.725 2.21 9.727 611.493 5.926 111.53 25.31 3.421 235.977 139.362.00 16 .Financial expenses as % of sales (F6 as % of F1) 3.205 837.268 1.039 585.00 -8.861 1.103 89.Depreciation for the year 5. G1) 11.486 205.082 0 69.279 832.615 33.Export Sales (Net) 2.Preference shares 2.07 6.06 0.15 3.292 1.259 38.653 447.640.687) 13.145 670.040.085.29 -4.374 2.232.414 105.781 688.082 0 691.98 87.16 0.Gross Profit 4.512.52 1.577 226.641 18.056 1.12 7.Other non-current assets B.Current ratio (B to C) 6.010 0 311.951.39 3.279.Return on capital employed ( F7 as % of avg.55 0.Salaries.62 2.763 174.Operating cash flow to debt ratio [F11 to (C+D)] 16.00 7.010.612.651.90 1.828 32.487 (86.Return on assets [F7 as % of avg.238 136.792 1.648 2.015.746 643.982 662.082 144.082 144.999 227.215 1.88 0.827 253.779 2.082 0 434.502 0 260 4.782 144.27 1.102 1.767 243.832 87.773.306.840 416.883 3.082 144.553 182.43 -4.Cost of goods sold to sales (F2 as % of F1) 7.931 1.812 37.Contractual Liabilities (G2+C1) H.145 373. E) 10.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 2.809 199.239 20.88 51.Operating fixed assets after deducting accumulated depreciation 4.Debentures/TFCs 4.040 1.Short term investments 5.97 85.537 3.Debt equity ratio [(C+D) to E] 8.Inventories 3.Sales i).530 1.01 88.916 1.687 607.524 - F.Total capital employed (E+D) 2.25 12.33 0.949 757.406.56 0.68 0.137 144.983 1.26 2.Cost of sales i).852 - 2.608 0 676.161.63 58.143 246.802 291.237.781.452 288.835.Long term unsecured loans 3.612 0 283.412 167.630 916.27 2.000 0 0 186.387 0 259 39.442 21.191 1.Current Liabilities (C1+C2) 1.23 4.559 233.95 2.62 0.813 1.Tax expense (current year) 9.586 32.183 0 0 G.080 614.000 0 0 114.829 18.36 2.087 259. shares) - - - 4. shares] 17.500.814 794.987 103.47 14. of Ord.76 6.33 1.863 1.739./share) [(F7-F8)/No.37 6.614 1.999 419.514 42.437.554 176.360 636.741 296.Operation: 1.Financial Statement Analysis of Non Financial Sector 2013 Ahmed Hassan Textile Mills Ltd. wages and employee benefits 6.568.214 0 (116.414 180.809 897.746 402.539 0.971 1.20 9.Cash flows from operations 2.313 0 852.558 212.835 943.638 244.635.752 66.040 121.692 1.490 1.087 122.14 5.815 1.91 0.344.376.68 5. of Ord.39 -17.Non-Current Assets (A1+A3+A5+A6+A7) 1.548 53.049 2.053 109.995 2.147 188.619 0 0 194.258 839.948 1.082 0 529.53 4.75 70.541.Assets turnover ratio [F1 to (A+B)] 5.25 0.470 499.97 -10.835 19.Other input cost 3.058.Selling & distribution expenses ii).087 105.Dividend cover ratio [(F7-F8) to F9] 12.853 123.09 -6.30 75.606 144.225 0 167.017.722 0 2.921 139.497 179.234.582 1.Administrative and other expenses 5.937 492.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Inventory Turnover Ratio (F1 to B2) 13.Retention in business (F7-F8-F9) 4.Total value of bonus shares issued 11.082 433.376 99.Current Assets (B1+B2+B3+B4+B5) 1.039 460.99 -2.392.330 1.082 144.656 365.839 32.15 Items 2.665.94 87.860.870) 897.000 0 0 130.168 84.303 137.010 0 134.437 94.495) 12.280.585 226.795 161.002 544.32 0.093 527.328 170.176 2.70 0.919 144.443 (99.376.458.082 144.073 1.Total amount of dividend 10.16 6.082 0 675.913 1.033 1.443 105.774.596.70 11.200.Operating fixed assets at cost 3.350.Reserves i).177 665.082 144.568 3.147 123.Earning per share after tax (Rs.34 6.519 365.Issued.077 544.039 1.823 32.721 0 259 38.670.97 -5.215 117.42 1.757 81.651.Capital work in progress 2.370 0 180.964 923.Total fixed liabilities (D1+D3) 3.382.180 905.Net profit before tax 8.09 2.459 2.151 1.634 1.012.11 58.29 3.904 0 0 512.234.20 0.Long term investments 7.667 458.175 253.48 5.000 0 0 190.033 757.757 3.973 1.608 835.35 5.Net profit margin (F7 as % of F1) 15.00 8.000 0 0 104.Other non-current liabilities E.914 139.Capital Reserve ii).85 8.43 9.547 2.Intangible assets 6.Trade Debt 4.746 496.89 0.Cash & bank balance 2.954.017.107 85.598 28.39 15. A.070 547.67 8.123.462 39.812 105.Break-up value shares (Rs.736.784 3.991.597 899.37 2.574.23 1.32 7.35 9.Key Performance Indicators 1.Other current assets C.94 10.66 1.357.

600 0 13.03 1.Sales i).Long term investments 7.426) 162.173 24.11 4.99 91.956 380.929 162.Key Performance Indicators 1.21 5.Trade Debt as % of sales (B3 as % of F1) 4.Capital Reserve ii).46 4.980 82.37 0.956 27.46 4.035 198.577 15.359 27.256 380.44 10.64 0.151 0 9.074 34.455 - 1.742 0 0 990 249.004 454.18 1.743 16.387 633.218.358 151.866 0 124.00 92.644 21.645 88.738 146.718 44.89 1.645 0 130.(A+B)] 9.08 0.282 974.145) 1.972 31.893 0 569.358 72.55 93.106.101 0 40.00 0.17 0.461 60.73 1.Cost of material ii).795 0 0 39.Cost of goods sold to sales (F2 as % of F1) 7.113 5.712 20.668 282.10 3.264 0 0 0 5.929 67.141 108.814 45.Retention in business (F7-F8-F9) 4.650 274.41 1.642 51.Intangible assets 6.Operating cash flow to debt ratio [F11 to (C+D)] 16.007 55.042 0 3.06 2.585 1.Long term secured loans 2.03 1.64 0.Capital work in progress 2.Current ratio (B to C) 6.233 32.66 0.610 307.82 0.710 15. of Ord.532 0 0 22.600 75.Administrative and other expenses 5.647 714.360.Surplus on revaluation of fixed assets - F.614 909.466 16.35 0.819.95 4.674 124.064 15.82 9.418 32.648 107.685 0 0 446 197.Shareholders Equity (E1+E2+E3) 1.70 0.857 130. of Ord.10 9.501.Local sales (Net) ii).250 0 4.88 1.47 8.08 0.136 788.189 464.841 74.923 156.909 0 0 0 3.600 0 138.44 1.095 829.314 0 51./share) (E/No.Export Sales (Net) 2.365 10.413 0 0 0 4.Assets turnover ratio [F1 to (A+B)] 5.62 1.Other current assets C.Other current liabilities D.Return on assets [F7 as % of avg.36 0.620 23.Selling & distribution expenses ii).600 0 172.000 47.866 74.Total capital employed (E+D) 2.342 75. Subscribed & Paid up capital i).47 95.Return of equity (F7 as % of avg.57 1.522 70.65 -1.552 0 23.843 113.134 998.932 552.74 .812 84.471 265 0 24.667.Short term Secured loans 2.042 466.37 57.585 0 212.66 0.021 900.175 198.572 29.46 2.119 31.139 519.764 6.Acid test or quick ratio[(B1+B3+B4) to C] 2.80 5.015 114.453.Cash flows from operations 828. wages and employee benefits 6.Break-up value shares (Rs.92 2.265 19.55 5.000 380.864 106.600 75.117 28.531 1.923 240.53 2.Short term investments 5.Total fixed liabilities (D1+D3) 3.667 0 0 445 189.848 28.024 182.690 40.38 7.336 75.995 18.893 60.617 0 505.600 0 256. administrative and other expenses i).600 75.284 26.308 7.Debentures/TFCs 4.077 12.032 497.43 0.600 75.Inventory Turnover Ratio (F1 to B2) 13.35 0.93 0.194 0 0 (92.Inventories 3.Miscellaneous 1.Current Assets (B1+B2+B3+B4+B5) 1.365 48.708 14.848 17.006 92.34 11.967 32.Earning per share after tax (Rs.279.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.281 594.21 61.04 2.600 75.897 595.281 101.791 0 (13.896 490.374 13.923 172.Operation: 1.Financial expenses as % of sales (F6 as % of F1) 3.Ordinary Shares ii).015 0 93.170 118. shares) - - 4.344 1.196 0 0 108.53 1.655 11.299 69.01 -0.Gross Profit 4.01 3.43 0.54 4.40 -4.814 0 83.Other non-current liabilities 0 67.87 -5.434 225.240 0 0 G. E) 10.593 188.502 463.90 2.76 0.Reserves i).809 22.215 48.733 6.Contractual Liabilities (G2+C1) H.241 17.67 1.089 1.772 151.Current Liabilities (C1+C2) 1.452 0 0 0 5.089 31.Non-Current Assets (A1+A3+A5+A6+A7) 1.203 75.740 66.898 39.707 33.600 75.087 491.560 0 197.084 989.186) 2.923 185.223 0 534.99 3.Financial Statement Analysis of Non Financial Sector 2013 Al-Qadir Textile Mills Ltd.567 469.Trade Debt 4.736 E.500 189.024 - 761.Employees benefit obligations 5.590 75.455 89.Issued.787 93.99 3.12 2.000 284. A.05 4.85 -1.639 468.163 398.72 1.16 2.405 (11.250 163.72 15.Return on capital employed ( F7 as % of avg.041 0 0 0 5.600 0 201.423 15.Financial expenses of which: (i) Interest expenses 7.82 17 - - - 22.Revenue Reserve 3.572 387.Dividend cover ratio [(F7-F8) to F9] 12./share) [(F7-F8)/No.516 15.089 93.04 1.742 0 490.32 2.Net profit before tax 8.32 1.656 1.38 1.Salaries.41 4.296 25.769 1.672 17.118 22.41 0.274 70.047 1.31 Items 482.224 83.37 24.Debt equity ratio [(C+D) to E] 8.47 5.161 0 553.57 90.612 86.736 156.608.152 0 531.Preference shares 2.898 12.40 1.73 14.894 182.644 57.480 197.989 1.325 20.110 705.410 81.47 3.244 0 25.Depreciation for the year 5.694 497.570 603.Tax expense (current year) 9.000 550.84 2.Cash & bank balance 2.787 166.688 161.334 0 24.Total amount of dividend 10.867 7. shares] 17.900 436.Other non-current assets B.36 1.098 15.956 13.46 61.24 0.16 2.45 93.285 461.141 188.Operating fixed assets at cost 3.497 21.31 68.Net profit margin (F7 as % of F1) 15.00 -1.178 0 0.Non-Current Liabilities (D1+D2+D3+D4+D5) (Thousand Rupees) 2012 2013 2008 2009 2010 2011 398.733 53.General.206 0 0 445 145.436 0 0 990 250.750 56.Operating fixed assets after deducting accumulated depreciation 4.Cost of sales i).248 3.Total value of bonus shares issued 11.600 0 188.923 122.78 11.895 1.903 30.Other input cost 3.086.201 151.887 75.951 21.688 75.000 292.901 523.024 0 44.65 0. G1) 11.56 40.457 0 550.649 53.973 23.Long term unsecured loans 3.

407 15.684 51./share) [(F7-F8)/No.199 68.185 0 341.133 222.Sales i).896 314.203 97.Tax expense (current year) 9.075 439.726 239.Total capital employed (E+D) 2.682 59.551 2.345 26.335 930. shares] 17.950 0 0 183.63 4.414 (273.29 0.701 38.Trade Debt 4.14 0.801 419.Cost of material ii).65 12.121 0 223.Long term secured loans 2.16 -28.83 35.204 86.56 4.133 0 (567.84 -30.Trade Debt as % of sales (B3 as % of F1) 4.Return of equity (F7 as % of avg.007 0 60.952 69.23 -24.27 -38.92 -16.511 158.Financial expenses as % of sales (F6 as % of F1) 3.73 88.Ordinary Shares ii).33 0.133 222.373 206.716 65.928 864.371 97.00 -0.Retention in business (F7-F8-F9) 4.414 3.169 222.312 0 249.852) 745.42 0.Return on assets [F7 as % of avg.Operating fixed assets after deducting accumulated depreciation 4.322 255.726) 264.Other current assets C.292 429.709 52.46 113.23 20.04 1.84 0.916 134.192 222.931 0 (40.090 894 0 2.665 79.133 0 (159.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.534 64.767 222.30 10.36 -335.818 431.61 112.Other input cost 3.General.792 338 77.763 72.Other non-current assets B.40 13.07 -1.Shareholders Equity (E1+E2+E3) 1.61 15. wages and employee benefits 6.689 0 600.Operating fixed assets at cost 3. of Ord.110 44.175 68.09 0.424 774.67 20.750 2.46 0.133 0 (535.097 401.176 718.59 314.Capital Reserve ii).116 0 569.Inventory Turnover Ratio (F1 to B2) 13.Miscellaneous 1.Local sales (Net) ii).846 29.785 433.228 103.022) 86.766) 34.906 267.489 0 1.133 0 (541.953 0 0 14.Issued.517 (112.36 16.247 0 1.(A+B)] 9.362 (94.Cost of sales i). of Ord.360 850.715 3.06 5.07 -38.018.916 0 238.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 864.Long term unsecured loans 3.00 14.18 -4.Cash flows from operations 485.061 69.387 340.575 186.Contractual Liabilities (G2+C1) H.869 6 0 102.90 9.768 7.95 -3.244 0 0 7.726) 0 (145.Assets turnover ratio [F1 to (A+B)] 5.479 0 0 33.527 4.350 145 0 25.Depreciation for the year 5.46 -0.27 0.Salaries.689 218.483 7.00 0.92 0.01 0.883 21.088 674.477 0 64.Inventories 3.384 26. Subscribed & Paid up capital i).07 0. G1) 11.19 19.68 -0.789 817.171 1.01 4.876 53.38 -0.920) 14.208 8.102 18.773 10.318 111.55 4.02 -8.50 -3.915 354.10 7.236 700.186 122.803 182.17 0.665 177.547 65.Break-up value shares (Rs.Cash & bank balance 2.Total amount of dividend 10.28 2.009) 9.37 0.Dividend cover ratio [(F7-F8) to F9] 12.52 -108.478 0 25.186 1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.365 314.665 258 34.684 12.72 Items 1.04 -0.Current Liabilities (C1+C2) 1.Financial Statement Analysis of Non Financial Sector 2013 Ali Asghar Textile Mills Ltd.460 425.Acid test or quick ratio[(B1+B3+B4) to C] 2.026 544.43 -3.026 270.429 0 0 G.093 28.133 0 (145.983 68.064) 21.05 -8.622 912 0 49.Capital work in progress 2.774 0.Selling & distribution expenses ii).842 (20.959 668.130 222.988 7.75 -60.150 468.133 222.133 222.326 0 41.Short term investments 5. E) 10.Operation: 1.345 844.695 1.275 2 14.87 3.497) 103 0 0 (13.244 (195.002.274 71.02 -12.514 85.952 28.600 417.779 417.215 (264.042.086 81.314 829.Export Sales (Net) 2.Earning per share after tax (Rs.90 -5.090 (15.028 394.76 89.478 4.131 432 326.899 0 3.Short term Secured loans 2.751 28.309 0 0 (14.802 481.167 25.Preference shares 2.904 312.273 5.Debentures/TFCs 4.70 0.75 5.599) 669.191 (37.59 -1.556 16. shares) - - - - - - 2.608) 0 (535.641 345.798) 685.822 222.551 102.547 - 505.695 461./share) (E/No.785 408.81 10.01 0.531 222.131 (195.Debt equity ratio [(C+D) to E] 8.Return on capital employed ( F7 as % of avg.164) 218.926 228.133 0 196.017 0 1. administrative and other expenses i).Employees benefit obligations 5.Net profit margin (F7 as % of F1) 15.024.979 796.113 23.Other non-current liabilities E.612 0 1.43 18 - - 233.387) 0 (541.11 0.Total value of bonus shares issued 11.60 0.242 802.997 - F.34 0.398 8.82 567.24 0.015 29.Cost of goods sold to sales (F2 as % of F1) 7.18 11.24 12.784 488.Non-Current Assets (A1+A3+A5+A6+A7) 1.08 0.133 222.27 4.458 495.Key Performance Indicators 1.Administrative and other expenses 5.01 0.781 832.309 30 0 (15.270 18.387) 558.69 3.511) 263.Long term investments 7.39 0.885 0 370.383) 0 (567.449 0 8.183) 29.133 222.58 2.568) 44.68 14.322 574 110.Gross Profit 4.735) 2.Current ratio (B to C) 6.663 326.10 2.195 554.28 1.905 87.Operating cash flow to debt ratio [F11 to (C+D)] 16.715 (69.007 2.77 0.Intangible assets 6.44 0.656 22.05 3.017 4.925 413.Current Assets (B1+B2+B3+B4+B5) 1.20 14. A.000 2.45 19.112 74.541 184.656 0 0 15.68 .153 76.Revenue Reserve 3.76 -7.511) 0 (159.239 23.608) 563.812 441 0 0 74.241 431.261 574.383) 568.Financial expenses of which: (i) Interest expenses 7.983 321.002.Net profit before tax 8.496 29.741 655 18.Reserves i).462 461.315 608.197 10.Other current liabilities D.801 0 326.318) 599.07 0.275 1.932 199.237 4.Total fixed liabilities (D1+D3) 3.111 0 0 6.022) 0 0 0 (5.929 0 5.407 131.384 0 0 7.110 0 138.477 36.

000 0 142.Net profit before tax 8.464.Trade Debt as % of sales (B3 as % of F1) 4.57 0.Tax expense (current year) 9. of Ord.Operating fixed assets after deducting accumulated depreciation 4.059 255.373) 329.626 8.756 49.838 225.846 218.Trade Debt 4.69 Items 407.232 0 1. shares) - - 3.Sales i).700 723 158.46 1.781.48 -0.245 67.468 105.92 14.033 71.648 0 0 0 45.Total fixed liabilities (D1+D3) 3.597 162.977 48.752 110.853 76.610 254.462 121.983 11.231 63. wages and employee benefits 6.625 162.60 15.574 7.915 2.303.554 139.64 -7.960 170.72 5.Salaries.343 0 0 0 152.Other current liabilities D.021 26.85 6.585 0 0 0 17.109 298.59 -7.834 231.91 12. A.393) 378.284 289.92 2.Long term investments 7.Other current assets C.903.722 0 1.000 8.65 9.669 139.771 519 2.04 7.71 1.54 24.27 0.827 11.Non-Current Assets (A1+A3+A5+A6+A7) 1.594 49.563) 2.915 0 1.689 1.599 275.083 2.25 0.669 260.Key Performance Indicators 1.12 1.000 0 179.646 2.523 42.850 71.Debt equity ratio [(C+D) to E] 8.Capital work in progress 2.Selling & distribution expenses ii).77 0.219 419.955 27.28 3.82 2.200 0 155.395 173.51 10.000 0 111.270 107.109 7.Dividend cover ratio [(F7-F8) to F9] 12.830 579 36.681 334.875 184.038.196 17.321 64.453 329.887 192.07 202.475 11.69 0.075 163.327 29.703 53.72 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.634 28.567 0 0 0 65.59 0.374 74.352 8.Retention in business (F7-F8-F9) 4.Surplus on revaluation of fixed assets - 814.Revenue Reserve 3.343 63.348 251.586 42.283 1.554 118.Operating cash flow to debt ratio [F11 to (C+D)] 16.817 80.256 2.268 812.54 2.797 80.28 52.255 2.Non-Current Liabilities (D1+D2+D3+D4+D5) (Thousand Rupees) 2012 2013 2008 2009 2010 2011 208.191 3.462 43.27 29.415 2.49 11.355 43.665 865.73 4.534 59.41 14.900 1 20.418 117.62 31.199 (31.673 122.328 0 0 G.769 43.Financial Statement Analysis of Non Financial Sector 2013 Allawasaya Textile & Finishing Mills Ltd.252 89./share) (E/No.453 194.204 45.205 340.586 6.229 0 2./share) [(F7-F8)/No.Cost of sales i).280 22.430 - 1.308 299.70 2.132 757.14 3.Administrative and other expenses 5. Subscribed & Paid up capital i).455.669 176.Cash flows from operations 865. administrative and other expenses i).000 8.General.068 222.195.778 66.109 300.210 93.934 16.337 124.234 2.232 2.35 2.920 68.Return on assets [F7 as % of avg.376 0 27.794 0 2.Preference shares 2.Issued. of Ord.29 6.08 -19.878 8.878 E.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.98 5.000 0 66.70 3.946 485.24 153.Shareholders Equity (E1+E2+E3) 1.774 208.406 230.909 105.502 112.Capital Reserve ii).47 14.541 787.Short term Secured loans 2.066 314.018 264.607 41.205 230.258 89.Operation: 1.097 2.Financial expenses as % of sales (F6 as % of F1) 3.Miscellaneous 1.065 1.333 55.Export Sales (Net) 2.800 0 191.45 8.365 1.Ordinary Shares ii).957 34.Depreciation for the year 5.61 84.814 26.045) 4.153 23.Earning per share after tax (Rs.529 222. shares] 17.115 327.Current ratio (B to C) 6.852 222.41 -3.52 25.000 8.Long term unsecured loans 3.09 0.503 2.49 13.55 89.Other non-current assets B.566 38.89 97.869 104.Local sales (Net) ii).14 236.49 -29.220 51.(A+B)] 9.Employees benefit obligations 5.229 2.414 127.135 70.426 0 519 2.05 6.480 30.653 324.665 0 848.00 0.Net profit margin (F7 as % of F1) 15.983 268.Short term investments 5.164 49.230 189.000 8.Cash & bank balance 2.406 55.28 5. E) 10.13 0.430 83.000 0 75.821 56.040 28.42 19.74 -3.Inventories 3.231 26.807 218.Break-up value shares (Rs.467 41.06 -49.Contractual Liabilities (G2+C1) H.696 168.193 274.200 0 144.80 1.423 920.88 -21.33 1.952 8.322 5.43 45.000 8.99 3.263 (39.068 302.393) 0 0 0 27.Return on capital employed ( F7 as % of avg.Cost of goods sold to sales (F2 as % of F1) 7.81 3.44 99.820.87 0.000 0 263.85 2.469 22.013.85 19 .014 51.58 1.322 8.955 0 561.896 812.474 8.714 111.066.195.22 104.50 5.Inventory Turnover Ratio (F1 to B2) 13.737 - 1.842 989.12 89.694 149.366 384.09 1.464.83 1.013.460 21.300 277.567 67.04 1.30 92.851 447.626 2.53 4.567 46.157 45.96 0.648 61.89 94.994 8.Total value of bonus shares issued 11.615 2.256 33.687 0 554.Other non-current liabilities 0 84.038.Reserves i).954 - F.672 0 343.Cost of material ii).200 0 (37.49 43.736 198.020 0 1. G1) 11.80 19.047 84.778 3.42 946.023 2.479 24.Total capital employed (E+D) 2.476 1.785 256.20 278.00 -44.668 108.776 160.Intangible assets 6.Current Liabilities (C1+C2) 1.397 8.362 0 506.01 -38.18 5.34 3.110 381.400.814 22.937 6.Assets turnover ratio [F1 to (A+B)] 5.365 0 1.Total amount of dividend 10.020 1.955 0 0 0 58.066.345 0 500.08 68.431 1 22.067.527 3.067.807 45.39 5.Current Assets (B1+B2+B3+B4+B5) 1.381 113.140 6.037 0.775 38.231 182.979 107.Debentures/TFCs 4.Gross Profit 4.Return of equity (F7 as % of avg.548 106.79 0.03 5.54 3.288 2.18 91.27 0.34 3.Other input cost 3.592 50.585 (39.669 63.Operating fixed assets at cost 3.47 4.325 0 2.619 472 91.268 29.Financial expenses of which: (i) Interest expenses 7.583 44.000 8.020 8.90 0.Long term secured loans 2.308 0 (35.259 145.065 1.151 247.

965 903.53 0.262 5.667 1.49 10.02 3.41 0.047 0 0 35.Short term investments 5.293.00 1.Retention in business (F7-F8-F9) 4.316.506 5.Financial Statement Analysis of Non Financial Sector 2013 Amtex Ltd.934 5.854 5.02 -10.02 -7.123 (2.470.419 (717.066.688.40 -28.066.039 3.496.419 10.373.436 1.194.280 325.703.003 3.449 (174.866.042 0 1.535.948 6.Current Liabilities (C1+C2) 1.56 -0.349 345.410 98.154 4.388.Other input cost 3.25 -0.210 2.857.524.25 76.601.119.Short term Secured loans 2.392 2.55 43.189 0 32.Total fixed liabilities (D1+D3) 3.578 1. wages and employee benefits 6.64 -9.333 (1.926.301 1 (2.449 1.028 (1.069 340.838.737 0 7.888.Current ratio (B to C) 6.333 49.Revenue Reserve 3.22 0.166 2.838.053.594.Export Sales (Net) 2.18 1.763.427.498) 281.805 1.973 2.47 0.Operating fixed assets after deducting accumulated depreciation 4.040 (701.Preference shares 2.657.465 6.072.047 (2.322 5.Cost of sales i).94 128.451 0 3.Debt equity ratio [(C+D) to E] 8.414.594.433 44.17 41.Operating fixed assets at cost 3.240.950.General.577.321 5.349 2.418.233 893.150.081.551 1.414.641) 51.Contractual Liabilities (G2+C1) H.838) 9.49 5.816 1.993.297.Salaries.723 0 0 47.921 3.Long term secured loans 2.25 -0.424 3.Acid test or quick ratio[(B1+B3+B4) to C] 2.301 2.901 0 4.415.451 902. Items A.387 11.49 36.Total amount of dividend 10.788 0 1.079.315 0 1.898 8.212.153 144.431 281.089.588 940.800.19 0.065 322.946.63 -1.39 -14.802.881 12.583.42 11.696 4.000 44.030.385 5.908 5.599 3.520 2.703.020 440.468 12.293 1.Local sales (Net) ii).594.082 5.457.963.Employees benefit obligations 5.731.759 0 0 155.30 3.537) 2.Administrative and other expenses 5.42 0.545 13.(A+B)] 9.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.997.Financial expenses as % of sales (F6 as % of F1) 3.173 1.05 0.475 260.Cash & bank balance 2.506 158.301 0 (420.Non-Current Assets (A1+A3+A5+A6+A7) 1.554 760.727.238.418.72 93.844 1. G1) 11.31 -73.993.Sales i).957 9.385 6./share) (E/No.16 0.777 657.535 1.Ordinary Shares ii).641 0 0 29.301 0 2.927 878.576.696.352 5.470 0 1.525 51.Other current liabilities D.21 80.248.Trade Debt 4.872.92 0.926.58 1.731 184.Capital Reserve ii).Assets turnover ratio [F1 to (A+B)] 5.680 8.867.699.Operation: 1.Net profit margin (F7 as % of F1) 15.948 5.201 276.130 0 8.428.520 10.036.158 4.Current Assets (B1+B2+B3+B4+B5) 1.585 1.643 2.299 1.048 833.815.29 0.559 217.884 7.Capital work in progress 2.802 4.59 -42.07 .382.95 8.685.808 103.255.18 0.163 133.Other non-current assets B.601 0 325.437 207.011 1.55 20.337.Inventories 3.179.901 2.54 0.054 923. administrative and other expenses i).394 2.199.47 F.153.Long term unsecured loans 3.26 0.Total value of bonus shares issued 11.331.119.764 560.394 42.872 637.594.755 5.145 3.Return of equity (F7 as % of avg.426.Issued.332 4.911 2.87 6.034 6.984.03 36.869.45 -39.315.357 1.844 80.099 509.977 8./share) [(F7-F8)/No.300 6.02 -15.35 1.186 7.065.185) 9.566 1.094.136.605.Cash flows from operations G.818 4.42 9.528.080.435 3.420 250.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14. Subscribed & Paid up capital i).56 -93.Intangible assets 6.548.84 14.340.15 102.703 0 27.750) 6.313.471 553.008.727 2.129 883.292.925 7.923 - 14.Selling & distribution expenses ii).461) 3.13 98.302 2.19 1. shares) 20 - - - - - 2.970 1.400.617 132. of Ord.570) 10.77 214.295 139.769.605 1.927.470 170.85 184.001.202.324 0 21.394) 346.69 1.449.951 11.039 1.Net profit before tax 8.209.Long term investments 7.039 (2.613) 746.324.787 1.307 0 0 83.24 1.946 0 22.182.112 50.239 1.803.513 8.368 2.119.Shareholders Equity (E1+E2+E3) 1.301 2.275 439.20 26.142 459.Inventory Turnover Ratio (F1 to B2) 13.638.Cost of material ii). E) 10.29 1.055 8.197 0 0 (253. of Ord.371 2.938.78 1.408.710) 281.750) 2.Other current assets C.18 -22.540 9.318.01 -8.447 13.485.043 134.627.Financial expenses of which: (i) Interest expenses 7.068 844.898.323.641 921.485 9.378 893.564.834 (2.055.122 136.000 0 108.448 21.Operating cash flow to debt ratio [F11 to (C+D)] 16.806 - 0.025.759 1.153 5.Return on assets [F7 as % of avg.152 10.62 7.706 1.619 5.985.308 3.Tax expense (current year) 9.601 730.076.977.854 1.855 902.043 10.360.40 0.995 5.403 9.Depreciation for the year 5.Trade Debt as % of sales (B3 as % of F1) 4.263 6.17 28.594.039 3.845 6.01 10.153 1.471 913.Debentures/TFCs 4.541.363 1.290 106.951 337.358 323. shares] 17.099 11.Reserves i).057) 9.73 7.717 550.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 - 5.Earning per share after tax (Rs.158.67 -1.159 200.72 -23.251.Gross Profit 4.377 11.Total capital employed (E+D) 2.456.999.48 13.539 1.889 4.086 145.324 - 8.750 4.594.32 -48.57 12.37 1.965.148.817.Miscellaneous 1.978 634.Return on capital employed ( F7 as % of avg.723 (2.499 2.559 281.247 725.655.Break-up value shares (Rs.08 -89.868 6.955 9.35 73.395.18 4.Key Performance Indicators 1.Dividend cover ratio [(F7-F8) to F9] 12.662 5.383.71 1.129) 2.Other non-current liabilities E.422.333 10.605 673.280 1.263 0 1.672 6.Cost of goods sold to sales (F2 as % of F1) 7.164.568 0 18.59 0.759 3.727.322.295 0 724.615 0 0 (251.678.40 16.764.096 63.

675) 0 0.Financial Statement Analysis of Non Financial Sector 2013 Annoor Textile Mills Ltd.Non-Current Liabilities (D1+D2+D3+D4+D5) - 1.29 -2.44 0.Tax expense (current year) 9.594 0 42.19 0.61 -6.675 0 1.19 0.10 -5.898 B.712 0 (32.Depreciation for the year 5.84 0.629 0 37.00 -0.048 0 0 0 (25.629 20. shares] 17.Gross Profit 4.Trade Debt as % of sales (B3 as % of F1) 4.218 18.225 0 16.308) 0 - 0 0 0 0 0 0 0 2.408 255 0 7.061 0 9.235) 0 (5.Break-up value shares (Rs. G1) 11.493 0 0 0 (2.Cash flows from operations 0 121 121 0 (121) 0 0 0 G.Short term Secured loans 2.865 14.22 -5.061 0 9.837) 0 0 0 (214) 0 0 0 0 0 0 0 1.Other input cost 3.898 0 36.16 0.712 8.274 0 36.Return of equity (F7 as % of avg.54 6.675) 0 (7. of Ord.Miscellaneous 1.796) 0 15.493 0 2. wages and employee benefits 6.Long term investments 7.712 8.661 0 9.712 0 (36.218 2.00 0.554 19.Employees benefit obligations 5.Selling & distribution expenses ii).700 0 36.562) 0 (30.General.Operation: 0 0 0 0 1.554 0 37.Capital Reserve ii).633) 0 (34.092 37.865 13.084) 8.Retention in business (F7-F8-F9) 4.32 0.308) 0 13.061 0 9.596) 8.Long term unsecured loans 3.00 0.562) 0 16.96 -15.921) 8.712 8.833 0 19.813 0 36.Intangible assets 6.00 0.Salaries.Inventory Turnover Ratio (F1 to B2) 13.Short term investments 5.01 -2.865 18.387 234 0 7.850) 8.467) 0 (2.712 8.803 0 0 485 16.Non-Current Assets (A1+A3+A5+A6+A7) 2009 2010 2011 20.712 8.898 (24. Items A.946) 0 (121) 0 (2.Total capital employed (E+D) 2. shares) 21 - - - - - - -2.Sales i).594 18.07 22.873) 0 (1.712 0 (33.837 0 1.Debentures/TFCs 4.26 -0.Operating fixed assets after deducting accumulated depreciation 4./share) (E/No.86 -25.675) 0 0 0 (139) (5.308) 0 (36.00 0.Net profit margin (F7 as % of F1) 15.Cash & bank balance 2.19 - - - - - - 0.091 37.188 0 20.Assets turnover ratio [F1 to (A+B)] 5.65 7.44 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 - F.623 0 0 485 16.308) 0 (36.556) E.51 1.Other non-current assets 36.Contractual Liabilities (G2+C1) H.00 0.53 -2.529 42.41 6.712 0 (36.01 -2.553 0 37.22 -2.61 - - - - - - 0.Operating cash flow to debt ratio [F11 to (C+D)] 16.865 16.Key Performance Indicators 1./share) [(F7-F8)/No.44 - 1.675 0 1.061 0 9.Local sales (Net) ii).Financial expenses of which: (i) Interest expenses 7.73 66.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Long term secured loans 2.408) 0 (1.188 0 0 0 (27.19 0.64 0.461 0 0 485 16.Debt equity ratio [(C+D) to E] 8.Acid test or quick ratio[(B1+B3+B4) to C] 2.796) 0 (32.96 -15.837) 0 (7.091 37.38 -6.188 0 20.Earning per share after tax (Rs.Administrative and other expenses 5.493) 0 (4.408 255 0 7.05 -14.675) 0 0 0 (139) 0 0 0 0 0 0 0 1.844) 8. administrative and other expenses i).(A+B)] 9.003 0 0 485 16.554 19.629 0 37.Cost of goods sold to sales (F2 as % of F1) 7.235 0 0 0 (2.837 0 0 0 (1.95 10.712 8.461 0 0 485 16.865 13.Current ratio (B to C) 6.Return on assets [F7 as % of avg.405 253 0 7.235) 0 0 0 (431) 0 0 0 0 0 0 0 1.633) 0 13.Inventories 3.39 0.413 1.44 0.675 0 0 0 (1.Preference shares 2.048 0 20.216 2.56 -27.328 1.00 -0.Current Liabilities (C1+C2) 1.408) 0 (1.Trade Debt 4.061 0 9.19 0.10 -5.00 0.675 0 0 0 (1. Subscribed & Paid up capital i).27 -2.383 0 0 0 (21.Total amount of dividend 10.Issued.Reserves i).Capital work in progress 2.Return on capital employed ( F7 as % of avg.53 9.Dividend cover ratio [(F7-F8) to F9] 12.493) 0 0 0 (491) 0 0 0 0 0 0 0 2.07 -14.813 0 36.596) 8.712 0 (34.35 36.553 20.Other current liabilities D.Revenue Reserve 3.092 37.48 -0.Other non-current liabilities 0 18.44 0.84 .Shareholders Equity (E1+E2+E3) 1.406 254 0 7.Cost of sales i).251) 0 (2.Operating fixed assets at cost 3.08 -0.554 0 37.833 0 0 0 (24.235 0 2.629 20. of Ord.789 1.Total fixed liabilities (D1+D3) 3.Total value of bonus shares issued 11. E) 10.Financial expenses as % of sales (F6 as % of F1) 3.88 0.Export Sales (Net) 2.Current Assets (B1+B2+B3+B4+B5) 1.Other current assets C.712 0 (30.430 240 0 6.865 20.00 -0.Net profit before tax 8.68 59.00 -1.383 0 19.328 1.26 25.05 -2.Cost of material ii).092 37.Ordinary Shares ii).188 0 0 0 (27.

847 82.391.06 10.469 0 0 19.80 0.Dividend cover ratio [(F7-F8) to F9] 12.Trade Debt 4.504.433 1.089 1.499 530.Acid test or quick ratio[(B1+B3+B4) to C] 2.413 (384) 6.83 0.596 0 237.273 0 164.37 0.213.831 1.055 23.699 2.893 - F.302 398.620 0 0 67.277 1.477 57.92 95.211.196.603 401.239.Long term secured loans 2. G1) 11.944 0 1.626 623.323 58.05 1.323 1.41 3.846 1.03 0.887 1.720.778 82.536 25.142 164.359.Inventories 3.78 79.279 1.264 1.151.004 0.858 1.223 112.351 0 1.Reserves i).032. shares) - - - - - - 0.79 0.992 899.041 (57.849 20.504 12.460 0 0 9.256 1.801 129.734.797 0 323.212 1.942.Other input cost 3.835 1.159 1.338 654.067 1.03 0.745 2.098 58.Return of equity (F7 as % of avg.Cash flows from operations 1.119) 1.655 2.992 758.746 526.21 0.64 0.62 1.132 37.319.777 17.500 0 0 67. E) 10.841 77.370 575 15.437.068 1.486 1.057 735.836 1./share) (E/No.847 0 241.916 - 821.Net profit margin (F7 as % of F1) 15.618 17. wages and employee benefits 6.187 736.03 1.Capital Reserve ii).174 45.027 1.Sales i).648 1.Capital work in progress 2.Local sales (Net) ii).Current Liabilities (C1+C2) 1.184.847 82.654 398.15 -5.Operating cash flow to debt ratio [F11 to (C+D)] 16.Assets turnover ratio [F1 to (A+B)] 5.46 -6.780 112.855 936.Issued.Current Assets (B1+B2+B3+B4+B5) 1.02 0.84 0.543 154.624 612.544 487.Net profit before tax 8.740 82.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.630.632 0 1.847 0 193.031 299.12 1.Cost of goods sold to sales (F2 as % of F1) 7.041 1.Revenue Reserve 3.897 545.Short term investments 5.734 594.201.043 0 (51.396 38.134 363.963) 1.76 79.918.106.38 1.009 5.086 414.07 20.Contractual Liabilities (G2+C1) H.031 0 241.847 82.592 62.098 228.133 1.28 1.251 134.Total fixed liabilities (D1+D3) 3.461.141 8.080 43.449 1.916 414.719.808 480.391.05 1.947) 1.General.Total capital employed (E+D) 2.787 1.51 80.31 3.131.983 399.291 0 143.303 711.Cost of material ii).307 1.26 0.04 0.95 0.02 -6.80 -8.370.91 22 - - 3. of Ord.779 562.663 192.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.85 92.182 (43.747 1.Ordinary Shares ii).702 (55.645 1.319 108.990.430.05 -0.195.071 93.684 1.43 -3.852.238 513.Earning per share after tax (Rs.200 70.Key Performance Indicators 1.630 1.630.27 85.460 53.153 0 5.041 (6.50 4.731.00 -6.39 0.319 7.75 -1.532 401.451 1.Short term Secured loans 2.065 85.86 8.Gross Profit 4.438.34 2.395 134.498 0 274.247 337.948 1.551 40.61 0.985 135.596 653.Cash & bank balance 2.280 3.033 1.Tax expense (current year) 9.096.194 0 0 5.971 1.02 6.413 518.Cost of sales i).697 121.662 399.51 76. of Ord.Return on capital employed ( F7 as % of avg.54 3.443.498 275.460 0 0 12.618 51.Financial expenses as % of sales (F6 as % of F1) 3.Return on assets [F7 as % of avg.58 3.Miscellaneous 1.847 0 237.05 0.479 90.198.173.922.503 1.694 142.37 0.981 8.Other non-current liabilities E.Other current assets C.43 6.674 0 193.Debt equity ratio [(C+D) to E] 8.80 0.965 61.890 69.00 92.929 82. Subscribed & Paid up capital i).273) 8.(A+B)] 9.09 0.894 0 1.153 0 8.Long term investments 7.156.Administrative and other expenses 5.Operation: 1.Total amount of dividend 10.303 0 363.Other current liabilities D.619 528.Trade Debt as % of sales (B3 as % of F1) 4.039.98 0.942. shares] 17.897.583 3.247 0 154.Retention in business (F7-F8-F9) 4.121.286.041 16.307 18.847 0 628.11 0.69 -0.050 0 0 67.781 55.534 1.089 1.804 0 0 36.847 82.364 128. administrative and other expenses i).460 29.588.797 260.Shareholders Equity (E1+E2+E3) 1.57 0.647 52.639.06 95.801 1.03 0.53 Items 1.14 1.89 92.180 1.975 44.930 27.250.139 0 241.795 33.58 11.560 82.805 92.386 0 1.544 502.39 4.616 524.724 165.813 497.659.Depreciation for the year 5.Export Sales (Net) 2.847 0 323.710 0 1.755 5.742 398.Preference shares 2.771.679 1.231.277 599.Other non-current assets B.004 1.711 1.Operating fixed assets at cost 3.887 667.973 1.592 0 54.51 3.086 0 7.538 0 0 146.021 1.Inventory Turnover Ratio (F1 to B2) 13.864 523.411 1.Long term unsecured loans 3.04 0.480.11 7.922.441 1.563 109.77 0.847 0 274.357 0 217./share) [(F7-F8)/No.156 2.07 -1.067 1.94 0.07 0.471) 1.679 82.456 953.641 (14.819.044 0 71.952.847 82.Employees benefit obligations 5.695.Selling & distribution expenses ii).674 0 0 G.413.05 3.674 376.357 1.01 3.31 -3.190 9.315 1.961 693.599) 1.847 82.Intangible assets 6.708 384.087 0 0 111.825.890.596 334.096 38.353.Financial Statement Analysis of Non Financial Sector 2013 Apollo Textile Mills Ltd.855 99.06 -0.051 1.951 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.Financial expenses of which: (i) Interest expenses 7.520 0 0 43.Break-up value shares (Rs.133 0 0 55.01 -0.764 50.323 60.295.883 1.523 105.59 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.Total value of bonus shares issued 11.04 6.137.Operating fixed assets after deducting accumulated depreciation 4.194 75.075.642 118.561.684. A.00 -6.63 2.31 -1.876 398.54 0.219.169 82.530 82.566 526.00 0.154.870 1.264 126.39 1.Salaries.89 78.298 21.47 11.227 130.873 1.231.836 1.561.873 632.Current ratio (B to C) 6.293 238.641 16.58 .33 6.930.03 7.549.Debentures/TFCs 4.374.05 3.81 75.99 -0.

39 0.829 84.729 703.34 Items 4.862 0.92 1.288.061 1.251 10.984 176.68 3.000 840.588.320 235.Financial expenses of which: (i) Interest expenses 7.01 48.Cost of goods sold to sales (F2 as % of F1) 7.422 0 0 5.Operating cash flow to debt ratio [F11 to (C+D)] 16.322.Short term Secured loans 2.537 766.12 12.415 245. A.533.959 313.367 0 0 6.031.12 0.Non-Current Assets (A1+A3+A5+A6+A7) 1.257 0 3.18 0.85 8.632.Key Performance Indicators 1.994 3.81 1.949 121.014 145.82 0.Reserves i).Cash flows from operations 2.886 3.07 3.008 13.207 7.Net profit before tax 8.000 G.Return on assets [F7 as % of avg.08 0.160 0 3.728 14.564 280.329 0 2.205 18.Administrative and other expenses 5.05 3.070 0 4.171 380.834.547.584 5.03 26.Total fixed liabilities (D1+D3) 3.288 370.393.293 0 0 0 24.001 0 3.918 123.161.118 201.552 368.991.948) 5.220.481 654.052 137.Miscellaneous 1.297. shares) 3.12 4.Trade Debt as % of sales (B3 as % of F1) 4.31 15.361 168.925 36.000 0 1.610 13.57 9.334 579.Issued.120 281.387 0 842.021 4.223 188.206 356.504 245.125.358 895.206 0 0 36.Financial Statement Analysis of Non Financial Sector 2013 Artistic Denim Mills Ltd.900 0 0 5.823.000 0 120.000 840.67 0.159 159.General.257 840.910.653 640.47 14.Debt equity ratio [(C+D) to E] 8.Short term investments 5.715 0 - 3.427.172.046.Revenue Reserve 3.369 2.904 84.574 4.455.338 32.612 2.388 14.257 0 1.430 209.760 3.068 126.Other input cost 3.730 6.435.Debentures/TFCs 4.260 4.606 94.13 0. Subscribed & Paid up capital i).451.72 0.945 3.400 1.706 2. shares] 17.610 138.136.05 5.Cash & bank balance 2.031 110.113 743.366 344.564 1.669.67 0.57 10.329 0 3.42 11.144.389 1.83 2.483 3.274 168.309.89 15.03 1.30 5.793 0 3.701.278 169.076.826 1.191.200 129.819 3.434 3.976 1.063 697.673 104.557 235.Total capital employed (E+D) 2.322.008 4.87 27.046.628 1.Operating fixed assets at cost 3.08 13.000 0 2.60 1.681.437.431.798 234.830.912 1.615 393.34 0.16 29. wages and employee benefits 6.275.608.47 13.987.425.24 40.477.260.566 1.000 0 2.98 33.095 195. of Ord.013.220.337 892.000 840.768 171.315.821 214.705.229 1.33 0.Current ratio (B to C) 6.73 8.82 77.34 6.368 654.Selling & distribution expenses ii).381 3.04 74.80 7.933 81.401 4.083 842.461.Other current assets C.881 16.624 2.570 149.186 187.769.75 4.Operating fixed assets after deducting accumulated depreciation 4.25 4.387 2.267.089 3.92 12.000 0 2.305.040 348.000 840.960 4.600.Break-up value shares (Rs.793 0 2.54 1.000 0 704.260.112.Total value of bonus shares issued 11.681 5.237 840.575 2.96 13.16 0.33 4.Cost of material ii).060.220.329 840./share) (E/No.198 199.836 840.Other current liabilities D.Current Assets (B1+B2+B3+B4+B5) 1.000 0 3. of Ord.Intangible assets 6.643 92.09 0.833 348.847.695 103.679 0 140.479.49 5.Dividend cover ratio [(F7-F8) to F9] 12.13 19.197 4.895 2.35 15.58 1.303 271.90 0.483 221.841.904.430 0 0 0 19.007.834 3.143 143.250.844 163.559 168.276 3.Depreciation for the year 5.Local sales (Net) ii).000 0 1.472.534 1.Return on capital employed ( F7 as % of avg.136 471.312 1.869.247 1.229.385 496.036.000 840.237 0 3.547.49 9.33 0.641 173.000 0 1.71 14.244 1.28 8.50 16.194 1.50 31.98 0.001.89 79.75 8.99 7.26 11.955 0 1.Financial expenses as % of sales (F6 as % of F1) 3.191.877 0 89.Earning per share after tax (Rs.852.273 43.434 0 0 5.44 81.Other non-current assets B.Inventories 3.634 787.24 7.021 2.575 851.Operation: 1.183 373.01 9.009.858 6.025 3. E) 10.12 -0.032 29.407 252.489 673. administrative and other expenses i).000 840.198 136.99 4.16 84.262 2.836 - F.Capital Reserve ii).59 7.715 265.695 344.043 1.77 3.Assets turnover ratio [F1 to (A+B)] 5.341.849 396.722 24.409 1.46 9.000 0 (363.198.399.851 638.686 1.Gross Profit 4.00 4.36 4.585 2.280 796.385.169.935 4.825 491.563 144.44 22.654 308.49 3.Long term secured loans 2.954.Ordinary Shares ii).535.237 0 2.Shareholders Equity (E1+E2+E3) 1.92 0.740 12.Trade Debt 4.Current Liabilities (C1+C2) 1.263 209.447 165.768 3.Total amount of dividend 10.42 13.253 116.451 129.01 84.806 0 0 5.844 1.167 2.007.Cost of sales i).390 3.268 14.13 4.049.220.65 2.Return of equity (F7 as % of avg.Acid test or quick ratio[(B1+B3+B4) to C] 2.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.021 67.934 3.568 410.330 240.713 128.865 102.215 373.Preference shares 2.596 3.16 3.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 3.841.271.Capital work in progress 2.575 84.584.349.444 2.438 55.Tax expense (current year) 9.036 3.18 36.79 0.767.259 231.223 0 349.359. G1) 11.126.226 316.671.068 1.11 0.74 0.793 840.817 34.000 0 939.373 559.639.10 0.384 123.Retention in business (F7-F8-F9) 4.Long term investments 7.Other non-current liabilities E.Long term unsecured loans 3.44 23 .993.521.623 175./share) [(F7-F8)/No.715 0 3.(A+B)] 9.694 395.58 13.167 1.37 0.715 840.Salaries.620 165.45 12.512 168.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.387.960 266.539 1.403 1.Employees benefit obligations 5.747 2.334 2.Sales i).099 4.Inventory Turnover Ratio (F1 to B2) 13.971 84.141.489 0 0 46.518 1.Export Sales (Net) 2.965 901.528 2.328.09 15.393 471.Net profit margin (F7 as % of F1) 15.587.18 4.793 99.010 2.557 416.534 26.900 4.319 0 0 31.620 145.Contractual Liabilities (G2+C1) H.24 21.293 166.743.144.83 0.319 267.120 186.425 1.490.

Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.17 1.752 175.Short term investments 5.260 F.14 2.Total amount of dividend 10.673 159.049 441.Capital Reserve ii).35 1.68 4.239 5.419 210.708 0 0 933 214.Gross Profit 4.Net profit before tax 8.500 55.710 0 271.61 0.284 17.439 0 165.506 - 680.117 64.68 22.775 416.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 342.224 795.503 72.547 0 46.276 75.36 6.Cost of material ii).306 116.825 155.63 10.80 52.Miscellaneous 1.207 57.227 0 48.471 66.Shareholders Equity (E1+E2+E3) 1.Net profit margin (F7 as % of F1) 15.64 0.Trade Debt 4.25 43.296 387.Retention in business (F7-F8-F9) 4.67 Items 362.020 0 255.351 0 12.302 18.349 232.222 139./share) (E/No. Subscribed & Paid up capital i).Total value of bonus shares issued 11.632 439.74 6.(A+B)] 9.859 0 0 4.026 227.448 69.767 210.25 0.052 15.964 0.050 379.917 14.29 14.074 0 0 62.382 77.600 331.500 243.419 372.94 3.75 11.021 - 466.505 308.Acid test or quick ratio[(B1+B3+B4) to C] 2.000 0 9.314 69.48 0.970 0 102.Long term unsecured loans 3.10 11.90 1.340 31.495 35.674 21.149 771.730 85.12 0.052 332.001 34.970 69.Cost of sales i).472 25.89 1.86 7.Operating fixed assets after deducting accumulated depreciation 4.786 33.991 69.286 8.271 1.412 4.970 69.296 30.641 0 301.666 207.505 279.Revenue Reserve 3.10 4.Employees benefit obligations 5.627 65.843 783.Return on assets [F7 as % of avg.901 513.343 661.Return of equity (F7 as % of avg.265 28.962 0 68.919 550.769 128.82 1.769 0 102.641 0 107.003 455.949 69.384 646.893 105.730 199.735 31.57 7.572 2.273 57.Other input cost 3.187 73.374 13.29 10.07 1.20 10.000 0 8. G1) 11.Total capital employed (E+D) 2.906 7.012 0 29.95 0.01 1.447 27.Salaries.99 2.Cash & bank balance 2.54 0.682 95.Current Liabilities (C1+C2) 1.Depreciation for the year 5.04 1.743 111. A.673 19.559 207.745 0 0 4.Debentures/TFCs 4.Ordinary Shares ii). E) 10.16 16.87 2.289 48.507 0 68.Non-Current Assets (A1+A3+A5+A6+A7) 1.812 256.72 14. of Ord.003 2.03 16.222 0 62.52 23.54 0.Intangible assets 6.925 84.579 199.Financial expenses of which: (i) Interest expenses 7.00 0.Reserves i).07 1.11 4.235 88.Other non-current assets B.301 578.217 466.25 1.Financial Statement Analysis of Non Financial Sector 2013 Ashfaq Textile Mills Ltd.95 88.Contractual Liabilities (G2+C1) H.570 378.948 158.624 85.56 0.35 82.87 9.30 3.Other non-current liabilities E.403 0 153.16 1.333 19.210 14.265 18.385 41.705 912.743 204.197 931.964 82.180 226.856 61.645 0 0 G.970 69.169 3.81 0.970 0 85.Dividend cover ratio [(F7-F8) to F9] 12.Preference shares 2.689 10.Short term Secured loans 2.955 46.36 2.970 69.Sales i).02 10.462 141.Key Performance Indicators 1.554 175.80 1.534 0 0 120.131 115.636 0 4.Trade Debt as % of sales (B3 as % of F1) 4.08 7.842 40.05 6.388 262.80 84.General.21 9.Current ratio (B to C) 6.961 110.729 0 0 79.448 590.15 24 .564 42.995 512. of Ord.051 59.710 0 107.82 7.311 50.314 129.473 119.94 0.779 42.030 18.500 150.970 0 38.410 48.496 12.Issued. shares) - - - - - - 3.633 16.Current Assets (B1+B2+B3+B4+B5) 1.338 227.58 84.75 3.24 6.43 0.10 0.046 15.Export Sales (Net) 2.07 1.Total fixed liabilities (D1+D3) 3.01 13.67 1.207 0 38.037 38.Operation: 1.754 0 10.339 9.180 308.Administrative and other expenses 5.515 107.Assets turnover ratio [F1 to (A+B)] 5.85 1.Cash flows from operations 485.143 0 366. shares] 17.074 436.Break-up value shares (Rs. wages and employee benefits 6.460 72.448 23.037 27.985 198.Cost of goods sold to sales (F2 as % of F1) 7.799 160.137 421.006 0 27.474 60.93 0.746 38.000 0 6.423 418.249 133.740 0 10.Long term secured loans 2.013 0 139.135 75.Capital work in progress 2.Long term investments 7.85 88.946 63.735 156.666 237.332 489.361 33.07 8.734 342.936 0 47.87 23.Financial expenses as % of sales (F6 as % of F1) 3./share) [(F7-F8)/No.570 20.344 9.22 0.565 12.82 38.534 883.660 0 0 4.28 2.301 12.740 7.035 42.927 74.850 396.24 1.65 9.765 969.388 204.28 2.17 5.Tax expense (current year) 9.Inventory Turnover Ratio (F1 to B2) 13.937 59.Debt equity ratio [(C+D) to E] 8.645 0 5.036.55 13.567 72.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.473 0 180.356 59.41 0. administrative and other expenses i).275 125.970 0 62.Return on capital employed ( F7 as % of avg.24 8.61 2.529 123.663 32.65 9.970 0 180.493 777.970 69.Operating fixed assets at cost 3.779 9.28 3.456 410.18 9.300 8.25 9.423 57.692 0 68.038 858.641 69.500 253.571 158.485 133.645 154.367 143.273 519.647 32.512 33.Inventories 3.228 258.Other current assets C.19 4.90 85.439 0 137.273 0 369.263 143.959 0 0 39.371 69.363 822.621 104.30 0.61 22.Earning per share after tax (Rs.456 17.890 0 0 4.19 1.Local sales (Net) ii).977 585.286 65.853 338.Other current liabilities D.906 669.391 262.449 431.27 1.Selling & distribution expenses ii).Operating cash flow to debt ratio [F11 to (C+D)] 16.627 0 23.

Non-Current Assets (A1+A3+A5+A6+A7) 1.047 22.364 650.367) 0 (546.18 3.77 0.812 415.047 (215.20 0.Ordinary Shares ii).21 -5.130.054.987 - 650.41 4.544 250.933 0 17.763 0 27.320 244.921 51.Key Performance Indicators 1.959) 142.72 -8.70 10. E) 10.393 371.483 397.282 1.Selling & distribution expenses ii).40 -23.096 7.711 19.Contractual Liabilities (G2+C1) H.Other input cost 3.76 -5.877) 415.88 - - - - - - 0.035.513 7.Intangible assets 6.770 151.66 25.57 0.459 (27.831 810.72 1.959) 0 (320.36 104.300 0 235.21 0.24 0.941 382.776 90.770 0 (367.Dividend cover ratio [(F7-F8) to F9] 12.567 0 0 15.870 19.367) 149.945 0 7.547 385.(A+B)] 9.77 0.750 16.171 0 0 16.776 10.728 297.36 0.770 151.463 1.Total value of bonus shares issued 11.00 1.39 0.Other non-current assets B.505 1. shares] 17.047 0 0 3.00 0.92 -27.543 120.65 6.Operating cash flow to debt ratio [F11 to (C+D)] 16.174 487.26 0.Gross Profit 4.Salaries.544 331.108 (26.73 .005 199.651 793.429 481 15.579 9.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.770 0 (466.725 415.655 0 0 8.247 0 0 7.224 39.484 165.Inventory Turnover Ratio (F1 to B2) 13.323 (218.353 201.353) 151.174 0 244.911 386.42 0.General.533) 135.Short term Secured loans 2.831 229.886 23 0 (33.Net profit margin (F7 as % of F1) 15.770 0 (429.507 495.770 0 (320.83 95.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 297.Other current liabilities D.52 95.114 19.01 0.901 159 0 104.22 -134. of Ord.047 307.175 44.05 -2.11 1.010.Issued.Shareholders Equity (E1+E2+E3) 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.21 -2.Current Liabilities (C1+C2) 1.182 (245.076 4.Total fixed liabilities (D1+D3) 3.18 0. administrative and other expenses i).770 151.38 0.529 95./share) (E/No.727 828.026 1.07 2.496 415.671 0 0 7.836 236.331 0 610.945 45.Debt equity ratio [(C+D) to E] 8.112 52.Cash flows from operations 630.130.Trade Debt as % of sales (B3 as % of F1) 4.68 94.533) 0 (466.161 4.Operating fixed assets after deducting accumulated depreciation 4.26 -3.570 63.94 33.39 0.502 178.047 354.013 630.921 1.007 209.627 66.07 8.Retention in business (F7-F8-F9) 4.669 2.Cash & bank balance 2.Long term investments 7.060 415.41 -22.Employees benefit obligations 5.877) 0 0 0 39.091 3.987 23.004.380 0 (724) 2.Operating fixed assets at cost 3.Current Assets (B1+B2+B3+B4+B5) 1.960 7.770 0 (546.790 20 0 2.690) 151.31 88.439 13.770 151.073 73.437) - F.362 657.371) 141.441 54.392 856.102 395.916 379.Tax expense (current year) 9.Reserves i).Cost of material ii).Miscellaneous 1.Trade Debt 4.04 0.Export Sales (Net) 2.053 9.24 22.483 21.652 232.Preference shares 2.03 0.182 801.890 59.047 303.047 0 415.047 98.566 141.040 453.865 30./share) [(F7-F8)/No.461 122.364 0 677.Return of equity (F7 as % of avg.18 16.505 194.461 82.456 311 0 27.Assets turnover ratio [F1 to (A+B)] 5.427 0 232.426 3.990 415.516 0 0 11.Earning per share after tax (Rs.523 415.Depreciation for the year 5.150 0 0 G.720 415.770 151.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.512 242.07 1.125 415.07 0.081.Administrative and other expenses 5.Debentures/TFCs 4.047 0 0 1.371) 0 (512.770 0 (512.00 1.997 382.69 -15.04 0.201 415.874 9.326 125.102 462 0 36.473 415.047 272.00 0.381 415.790 19.42 11.182 (128.195 27.02 26.48 -1.Total capital employed (E+D) 2.Capital work in progress 2.973 0 0 7.Capital Reserve ii).38 15.047 (33.047 0 0 3.065 5.Short term investments 5.094.Local sales (Net) ii).64 0.Current ratio (B to C) 6.821 1.552 482.466 0 661.98 0.Financial expenses as % of sales (F6 as % of F1) 3.507 0 229.Total amount of dividend 10.188 0 16.770 151.849 415.05 6.51 -14.513 21 2.728 512.76 Items 594.42 -3.65 1.21 0.054.427 479.429 16.753 415.Long term unsecured loans 3.746 0 0 49.Return on capital employed ( F7 as % of avg.019 0 236.299 594.84 3.667) 151.338 29.269 165.Revenue Reserve 3. of Ord.470 165.412 2.249 1. shares) 25 - - - - - - 6.047 34.Other non-current liabilities E.26 21.364) 7.05 -14.536 832.23 -16.716 0 0 51.95 -6.980 333.948 59.Operation: 1.36 0.699 378.Return on assets [F7 as % of avg.661) 151.00 -0.932 1.07 0.188 76.833 415.33 5.69 14.57 -4.Net profit before tax 8.013 0 620.064 176.50 -11.519) 151.30 -11.402 56.040 26.064) 0 (429.47 0.419 18.839 20.Cost of goods sold to sales (F2 as % of F1) 7.02 1.026 0 1.Sales i).Long term secured loans 2.111 39.019 491.Financial expenses of which: (i) Interest expenses 7.11 0.763 90.47 -1.009 19. wages and employee benefits 6.047 0 0 2. G1) 11.Break-up value shares (Rs.064) 148.657 (179.32 1. Subscribed & Paid up capital i).601 361 0 44.Financial Statement Analysis of Non Financial Sector 2013 Asim Textile Mills Ltd.00 1.599 7.34 1.218 297 12.443 415.040 0 0 1.584 0 630.539 13.636 0 27.047 0.Other current assets C.552 0 242.078 386.109 46.491 77.557 37.71 98. A.88 11.Cost of sales i).288 617.684 0 0 35.46 9.202) 151.Inventories 3.00 0.769 69.49 0.932 0 1.

962 118.05 0.752 339.Local sales (Net) ii)./share) [(F7-F8)/No.213.087 48.595 0 727.122 2.07 -57.726) 10.72 0.250 170.773.97 0.63 0.Return on capital employed ( F7 as % of avg.614 72.233 0 0 (108.16 3.077 3.45 787.158 94.22 -4.138.858 452.77 97.030 1.Key Performance Indicators 1.568 163.08 0.83 0.680 65.558 95.911 720.311 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.667 16.621 247.219 2.659.771 177.042.536 119.246 502.058) 39.433 539.24 996.084 736.830 0 231.Issued.395 339.000 14.Total value of bonus shares issued 11.146 842.064 0 32.212 556.37 4.605 1.205.453 343.Operating fixed assets at cost 3.826 0 789 235.344 521.540 65.Operating fixed assets after deducting accumulated depreciation 4.General.194 2.249 73.Reserves i).717 2.41 -2.376 69.03 3.219 127.Trade Debt 4.22 0.47 7.53 1.000 14.Debentures/TFCs 4.Employees benefit obligations 5.891) 2.305.Gross Profit 4.657 0 0 111.Other input cost 3.496 0 0 84.Salaries.379 111.742 0. G1) 11.418 0 236.869 828.569 331 845.72 93.45 1.519 5.78 -4.Acid test or quick ratio[(B1+B3+B4) to C] 2.75 99.941 38.112 118.000 14.61 26 .396.36 936.229 14.Operation: 1.565 21.630) 2.123 302.59 1.07 -3.967.163 0 2.23 -2.394.000 14. shares] 17.10 0. shares) - - - - - - 5.121 2.499 326.103 2.715) 960.532 3. E) 10.206 608.Long term investments 7.660 825.51 0.65 -1.567 87.89 2.95 0.474 0 2.104 443.077 234.779 0 54.Long term secured loans 2.28 0.014.Tax expense (current year) 9.Non-Current Assets (A1+A3+A5+A6+A7) 1.17 -2.823 6.002.568 317.974 115.Capital work in progress 2.000 0 218.96 6.999 3.041 2.285 10.946.67 3.045 552.779 283.25 0.888 84.479 355.139 0 2.00 0.165 10.076 1.465 48.51 1.808 40.260 46.(A+B)] 9.Total amount of dividend 10.Return on assets [F7 as % of avg.Shareholders Equity (E1+E2+E3) 1.410 350.437 1.281. of Ord.Depreciation for the year 5.115 2.Financial expenses as % of sales (F6 as % of F1) 3.681 1.190 620.533 0 211.000 0 1.Net profit margin (F7 as % of F1) 15.Retention in business (F7-F8-F9) 4.292 52.13 -1.000 0 268.Financial Statement Analysis of Non Financial Sector 2013 Ayesha Textile Mills Ltd.682 7.631 2.83 1.523 - 1.420 728 80. wages and employee benefits 6.077 211.049 326.568 2.246 2.59 0.27 -2.270 626.225 904.320.Earning per share after tax (Rs. administrative and other expenses i).Total fixed liabilities (D1+D3) 3.Selling & distribution expenses ii).27 0.725 68.36 -0.853 2.361.102.267.870.080 138.003 127.554.Assets turnover ratio [F1 to (A+B)] 5.59 11.388.628 2.073 (41.107 7.69 0.31 0.82 2.661 2.921.569 90.349 7.643 0 2.886 7.834 10.749 2.222 14.343 97.910 109.864.95 994.Debt equity ratio [(C+D) to E] 8.435 292.188 0 452.Sales i).889.078 0 5.Other non-current liabilities E.Revenue Reserve 3.94 -1.188 1.649 - F.209 2.309 1.000 14.07 39.Other current liabilities D.088.194.027 249.119.954 114.360 1.94 -11.45 11.09 0.06 0.12 -7.033 0 31.Ordinary Shares ii).016 12.717 985.271 108.74 96.11 10.032 3.212) 25.069.Capital Reserve ii).85 2.889 319.445 28.Miscellaneous 1.65 997.403 0 1.601 946.954 55.64 0.74 92.Contractual Liabilities (G2+C1) H.370.Inventory Turnover Ratio (F1 to B2) 13.025 2.408.308.Total capital employed (E+D) 2.Other non-current assets B.503 83.317 46.000 14.969 324.Current Assets (B1+B2+B3+B4+B5) 1.388.257. of Ord.095 554.269 303.Cash flows from operations 2.547 2.375 691.615 70.708) 887.828.14 0.240.889 7.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.15 0.178 1.54 1.772.051 223.72 96.39 1.752 0 1.255 425.008 2.311./share) (E/No.400.Return of equity (F7 as % of avg.439 (211.Short term Secured loans 2.157 45.073 794.079.144.685 821.12 6.271 73.181 4.Export Sales (Net) 2.36 4.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.660 0 4.48 1.424.875 10.357 14.530 74.Financial expenses of which: (i) Interest expenses 7.Intangible assets 6.516 2.000 0 190.114.788 288.898 0 183.077 183.864 1.848 1.226) 443.936 32. Subscribed & Paid up capital i).406 19.077 324.307 0 33.Net profit before tax 8.Administrative and other expenses 5.271 40.875 886.865.21 Items 1.773.015 302.13 5.961 176.225 100.622 178.233 2.Trade Debt as % of sales (B3 as % of F1) 4.Short term investments 5.066.553 (65.996 (84.014 126.96 1.540.40 10.07 -152.892 14.949 1.554 0 0 104.665 (214.484 425.04 0.343 (80.573 2.397 742.21 3.Cost of goods sold to sales (F2 as % of F1) 7.700 19.44 1.89 -6.651 846.000 0 331.371.79 0.187.131.85 0.812 1.896 0 35.360 189.295 365.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.368 519.837 0 (76.10 2.665 73.959 1.124) 978.908 3.284 210.909 729.385.55 -0.369 7.073 365.Break-up value shares (Rs.642.225 110.39 3.176 0 178.292 1.500 0 0 G.645 773.939 19.411 673.526 13.970 13.Dividend cover ratio [(F7-F8) to F9] 12.99 0.Other current assets C.605 328.000 0 241.798 539.632 1.227 129.272 1.124.885.550 14.13 0.606 668.Current ratio (B to C) 6.392.80 2.Preference shares 2.542 0 2.860.10 1.305 593.334 226.442.324 210.649 14.192 130.100 1.918.77 -16.642.Inventories 3.376 2.077 261. A.981 204.519 2.534 6.639 0 0 59.00 -54.425 284.803 12.369 598.225 (109.10 3.562 26.600.99 -11.71 -5.Long term unsecured loans 3.Cost of material ii).347.Current Liabilities (C1+C2) 1.06 -78.Cost of sales i).Cash & bank balance 2.073 2.

523.Sales i).017.960 2.962.276.358.Preference shares 2.674.025 4.103 0 11.73 0.051.524.340.45 0.719 4.827.623.332 4. 2008 2009 2010 2011 8.120.260 24.405 2.763.860 3.061 157.Cash flows from operations 11.950.76 3.70 2.Return of equity (F7 as % of avg.051.967 7.170 45.757.725 1.046 10.998.061 157.Key Performance Indicators 1.036 4.205.Short term investments 5. wages and employee benefits 6.687.176.829.029 0 3.70 .021 (6.33 99.841 (6.047 7.010.451 26.284.653.934 4.329.567.972.415.205.292.021 13.Depreciation for the year 5.982.997 18.119 0 6.152.638.110.47 32.675) 13.356 4.720 - - 2.93 -12.Return on assets [F7 as % of avg.274 1.653 15.65 -4.645.Reserves i).359.901.360 (2.147.024 8.724 392.101 14.709.77 -14.210.684.693.152.528.Operating cash flow to debt ratio [F11 to (C+D)] 16.461 (14.492) 137.27 2.593 12.410 3.783.580.874 (6.Selling & distribution expenses ii).421 11.840 10.908 693.292.571 0 0 G.390.548.90 6.Capital Reserve ii).356 4.859 29.00 -13.729. administrative and other expenses i).290 0 0 (996.745.879.989.470.115.961.580 1.10 -50.907 2.Inventory Turnover Ratio (F1 to B2) 13.947 14.949.694.Current Assets (B1+B2+B3+B4+B5) 1.969.982.033 3.622 930.57 -30. G1) 11.858 6.047 7.387.490.68 94.586.46 0.01 0.826.Long term investments 7.64 -7.Financial Statement Analysis of Non Financial Sector 2013 Azgard Nine Ltd.282 2.563.19 0.435 16.566.106 29.General.62 4.Issued.161 3.757 7.169.443) 7.Financial expenses as % of sales (F6 as % of F1) 3.34 30.589.939 8.381.422 39.Administrative and other expenses 5.451 17.580.53 27.261 24.262 14.74 -35.751.763.253 1.33 8.548.951) 173.28 5.380.456 24.Miscellaneous 1.71 18.469 13.152 42.506 33.64 68.Cost of sales i).084 (1.19 17.589.93 -52.761 5.015.719 4.230) 6.034.953 3.577 1.478.03 2.052.747 8.993. of Ord.28 0.949./share) [(F7-F8)/No.39 -16.264.548.720 (3.765 2.105.448.811.548.969.904.119 29.Total value of bonus shares issued 11.34 40.838) 115. of Ord.496 12.03 2.613 19.620.241) 16.68 -0.44 2.04 0.617.79 F./share) (E/No.357.835.Local sales (Net) ii).Acid test or quick ratio[(B1+B3+B4) to C] 2.692.297 15.77 -39.764.719 330.053 10.622 538.724.17 -2.628.147 21.Ordinary Shares ii).18 0.75 5.187.771.841 17.875 0.344 4.719 4.320 - (Thousand Rupees) 2012 2013 14.352.514 3. Subscribed & Paid up capital i).638.343.591 0 1.684.089.049 1.484 52.702.Total amount of dividend 10.811 1.79 9.302.186 1.964.259 (1.930 207 19.439.Intangible assets 6.012) 34.548.907.Net profit margin (F7 as % of F1) 15.Salaries.783 15.728 2.858 6.644 266.201 4.962.087.66 1.725 392.443.749 21.17 0.00 0.491 11.860 3.919 11.238.898 (4.041 437.135 13.344 4.413 2.536 18.04 -10.052 1.056 112.557.25 -25.712 15.Current ratio (B to C) 6.030 13.602.119 0 0 1.Export Sales (Net) 2.185 0 0 2.224 1.457.792) 15.Other current assets C.571 12.962.Assets turnover ratio [F1 to (A+B)] 5.12 39.052.422 39.586.693.36 -12.185.155 4.461 2.134 3.65 34.116.720 34.810.674 166.Debentures/TFCs 4.696.024.78 -24.888 8.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Contractual Liabilities (G2+C1) H.696.45 0.Employees benefit obligations 5.388 986.10 0.308.518 1.03 27 - - - - 4.791.939 8.040 696. shares) 2.586 10.866 10.374.773.339.598.096 37 134.720 10.540.096 37 134.942 32.042 437.726.035.962.287.275.726 3.587 17.401.Surplus on revaluation of fixed assets 11.606.259 3.459.095.49 1.684.164 612.946) 3.000 1.724.860 310.388 15.845.814 5.169 6.171 24.931 0 4.Trade Debt as % of sales (B3 as % of F1) 4.709 18.951 646.720.041 2.712.503 4.461 6.624 5.Inventories 3.87 22.284 700.58 -9.Short term Secured loans 2.684.Break-up value shares (Rs.Other non-current liabilities E.439 (3.074 4.879.911.548.027.Other non-current assets B.625 6.Long term unsecured loans 3.98 108.Non-Current Assets (A1+A3+A5+A6+A7) 1.32 0.Dividend cover ratio [(F7-F8) to F9] 12.709 1.032) 7.266 3.85 0.859 29.105 1.451) 1.Earning per share after tax (Rs.158 42.726 3.21 18.00 -38.Operating fixed assets at cost 3.622 (1.141.858 14.857.293.69 0.411 18.Other current liabilities D.363.344 0 6.726 3.323 744.901.437 1.132 5.380.498 3.040.64 68.086.017.435 5.70 3.931 0 4.Cash & bank balance 2.Long term secured loans 2.35 14.21 18.960.646.Financial expenses of which: (i) Interest expenses 7.827.31 5.358.719 4.025 37. E) 10.917.219 8.548.Cost of material ii).363.23 17.Revenue Reserve 3.569 14.711 2.814 5.719 0 5.783 15.728 11.204.80 -1.726.999.439 3.76 Items A.51 19.43 -0.453 631.719 - - - (879.684.985.810.787 (7.064 7.343.41 0.402.504.664 17.224.089.133 1.39 1.606 6.859.Current Liabilities (C1+C2) 1.75 4.Total fixed liabilities (D1+D3) 3.622.435 10.80 69.Total capital employed (E+D) 2.258 3.919 11.73 -0.794 53.40 1.Operation: 1.Shareholders Equity (E1+E2+E3) 1.Operating fixed assets after deducting accumulated depreciation 4.827.042.671 846.34 0.Tax expense (current year) 9.516.Net profit before tax 8.588.345 7.887 1.40 4.724 1.379 1.Trade Debt 4.811.536 19.579 728.024 8.791) 11.126 2.748 1.646.870 - 26.753 15.021 16.402.751.448 3.622.841 17.Gross Profit 4.365 782.17 -20.(A+B)] 9.014 13.192.991.182 0 19.503 4.690 13.355.628.36 1.804 516.Capital work in progress 2.154 1.10 0.353.070.42 5.720 7.246) 11.739) 3.645.857.43 1.152.953.06 28.806 102.134 3.97 22.345 4.408 5.025 11.084 143.025 1.249 15 39.119 3.753.879.Retention in business (F7-F8-F9) 4.668 9.Cost of goods sold to sales (F2 as % of F1) 7.093 3.131.240.419 4.035.75 -6.06 -6.185 0 16.389 15.036 4.17 10.152 16.Return on capital employed ( F7 as % of avg.057.851 (4.401.780 1.039 2.408.086.105) 3.45 23.746.540 0 0 (930.969.Other input cost 3.989 3.413.351 32.784 2.00 0.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.954 0 0 10.068 15.965.791.515 82.419 4.889 9.289 2.588.84 3.Debt equity ratio [(C+D) to E] 8.784 2. shares] 17.869 0 37.147.772 8.985.715 4.

08 0.00 1.434 313.475 1.440 7.Selling & distribution expenses ii).103 53.66 93. shares) - - - - - - 2.522 0 580.210 1.619 223 1.005.743 299.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.697 152.897 5.307.Debt equity ratio [(C+D) to E] 8.068 40.Financial expenses as % of sales (F6 as % of F1) 3.038 1.Operation: 1.17 -25.413 0 (47.021 1.278 341.96 0.111 269.195.696 444.899 0 385.03 -35.558 35.52 108.112 526.110 300.491 794.608 190.993 0 1.487 1.97 4.08 0.Net profit before tax 8.963 0 0 0 207.97 0.522 36.Return of equity (F7 as % of avg.000.866 536.390.Trade Debt 4.829 129.Net profit margin (F7 as % of F1) 15.Cash flows from operations 739. E) 10.642 119.017 123.26 0.064.18 11.960 28.Financial Statement Analysis of Non Financial Sector 2013 Babri Cotton Mills Ltd.877 0 1.001) 0 0 0 29.05 2.Trade Debt as % of sales (B3 as % of F1) 4.400.505.997 173.362 230.442 2.38 -13. wages and employee benefits 6.Earning per share after tax (Rs.00 88.257.93 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.42 218.53 1.019 303.140 1.066.93 -8.919 580.295 50.32 0.339 0 0 365.868 0 694.361 349.Long term investments 7.Employees benefit obligations 5.427 177.833 2.01 3.829 437.961 746.Miscellaneous 1.46 78.028 73.434 505.Sales i).856) 417.Other non-current liabilities E. of Ord.425 1.00 0. shares] 17.978 0 4.397 150.76 -3.824 45. administrative and other expenses i).59 7.988 63.24 31.64 79.280 0 0 21.374 557 22.013 316.627 25.03 -13.429 0 2.560 434.Return on assets [F7 as % of avg./share) (E/No.770 5.779 450.85 0.Current ratio (B to C) 6.646 506.107 338.Total value of bonus shares issued 11.00 1.Inventory Turnover Ratio (F1 to B2) 13.035 322.46 0.General.431 305.Total capital employed (E+D) 2.328 107.05 0.677 - 746.961 0 695.027.344 1.848 285.787 1.926 1.143 973.87 0.82 -13.566 620.202 53.237.232 108.29 1.699 0 0 G.63 0.960 0 27.492 0 0 26.Intangible assets 6.218 139.205 302.Other non-current assets B.387 98.Acid test or quick ratio[(B1+B3+B4) to C] 2.241 45.28 16.344 175.22 0.479 1.424 436./share) [(F7-F8)/No.025.609 1.836 9.170 1.358 1.305.Gross Profit 4.266 35.16 5.00 89.386 291.14 1.00 1.786 348.776 228.540 1.019 - 1.522 36.318 0 0 62.Shareholders Equity (E1+E2+E3) 1.631 36.91 1.307 131.891 33.506.344.388.30 27.084 34.774 98.Short term investments 5.881 536 321.46 192.74 93.668 2.120 1.669 18.Cost of goods sold to sales (F2 as % of F1) 7.55 0.162 (44.271 8.623 417.218.522 0 358.001 152.960 0 158.828 449.134 97.Other input cost 3. A.363 1.166 332.430 0 47.Debentures/TFCs 4.Short term Secured loans 2.Salaries.754 466.13 9.675 2.Contractual Liabilities (G2+C1) H.372 0 49.328 837.42 28 .Financial expenses of which: (i) Interest expenses 7.Key Performance Indicators 1.136 19.703 655.074 524.995 171.207 27.442 0 1.960 28.Operating fixed assets at cost 3.314 (104.Capital Reserve ii).721 412.674 23.459 275.19 7.563 1.072.687 67.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.888 199.69 14.Ordinary Shares ii).290 210.015 107.292 25.873 65.754 36.295 341.868 739.11 0.756 90.Inventories 3.434 0 341.022 43.055 266.86 26.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 794.74 3.064.97 280.Capital work in progress 2.Depreciation for the year 5.001 80.674 1.95 338.Cost of sales i).286 149.388.067.Reserves i). of Ord.485.001) 701.432 43.91 174.703 28.537 1.98 3.522 36.979 28.544 22.263 0 42.618 45.70 -8.Export Sales (Net) 2.83 2. Subscribed & Paid up capital i).Issued.30 0.Break-up value shares (Rs.614.077 0 0 191.630 53.Current Liabilities (C1+C2) 1.960 28.73 0.336 10.Dividend cover ratio [(F7-F8) to F9] 12.Local sales (Net) ii).591 0 920.Current Assets (B1+B2+B3+B4+B5) 1.722 303.Retention in business (F7-F8-F9) 4.Other current assets C.187 106.266 1.027 11.(A+B)] 9.498 114.Long term unsecured loans 3.687 25.33 0.995 397.148 1.092 61.Return on capital employed ( F7 as % of avg.84 5.332 61.391 266.72 20.14 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.182 3.960 17.92 0.379 439.Revenue Reserve 3.20 0.24 51.696 21.08 0.473 332.356 314.233 0 0 28.94 0.649 391.Preference shares 2.568 1.664 28.833 22.615 41.00 -16.314 0 0 20.46 16.24 17.696 36.035.551 1.734 (104.876 1.280 148.643 0 61.87 77.371 361.368.672 0.516 26.354 704.137 43.74 0.691 1.107.00 14.Cost of material ii).57 12.960 0 285.386 0 F.62 3.00 0.541 25.963 437.505 1.93 0.710 391. G1) 11.649 345.591 1.226 349.87 -5.417 63.Other current liabilities D.Total amount of dividend 10.663.159.382 640 371.Administrative and other expenses 5.584 4.157) 3.Long term secured loans 2.440 138.195.751 0 19.066 5.792 1.966 222.608 183.014.450 1.05 9.963 201.268 19.078 90.Cash & bank balance 2.661 363.633 59.883 547.043 23.037 52.705.93 7.265 404.522 0 228.77 7.199 630.569 620.519 1.16 19.332 0 - - 38.Operating fixed assets after deducting accumulated depreciation 4.436 154.64 0.23 2.645 13.Total fixed liabilities (D1+D3) 3.00 8.Tax expense (current year) 9.636.313 34.705.75 12.88 Items 999.Assets turnover ratio [F1 to (A+B)] 5.170 0 1.326 0 31.33 0.13 1.136 237.909 631.922 2.12 4.144 2.71 2.978 51.

09 5.Trade Debt 4.274.316 0 497.358 30.29 0.606 1.328 191.13 21.670 7.Selling & distribution expenses ii).562.165.000 0 1.584 36.35 7.559 32.002.72 26.358 0 - 3.156 151.492 1.390.119 2.599 1.333 89.104.934 381.919.Intangible assets 6.Other non-current liabilities E.997.794 1.417 1.561 - F.834 810.73 0.45 Items 2.964 88.Other current assets C.358 0 2.Other non-current assets B.Current Liabilities (C1+C2) 1.Break-up value shares (Rs.44 2.27 13.286 0 45.Short term investments 5.Issued.780 387.866 344.Cost of goods sold to sales (F2 as % of F1) 7.254 310.Ordinary Shares ii).280 192.984.Tax expense (current year) 9.155 164.199.38 2.404 1.059 2.General.008 1.467 98.981 0 375 40.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.711 45.Operating cash flow to debt ratio [F11 to (C+D)] 16.02 185.Sales i).481 1.946.088 172.953 2.000 30.Salaries.Debentures/TFCs 4.902 5.896 103.84 14.545.366.890 277.000 30.34 2.184 100. wages and employee benefits 6.24 0.30 4.78 0.781.818 1.445 231.66 11.Other current liabilities D.Acid test or quick ratio[(B1+B3+B4) to C] 2.Local sales (Net) ii).29 11.000 0 959.527 6.752 0 1.97 5.27 6.Retention in business (F7-F8-F9) 4. A.Long term secured loans 2.777 157.000 30.841 711.34 2.000 0 677.057 154.85 29 .547.339.88 6.Cash flows from operations 3.000 0 2.400.759.86 15.978 1.26 806.557 2.900 517.76 1.535 66.04 3.000 0 435.467 220.106 5.333 77.295 118.895 99.794.79 5.87 0.Shareholders Equity (E1+E2+E3) 1.192 358.07 1.Employees benefit obligations 5.049 0 300 11.783.20 27.716 900.240.285.01 8.505 1.373 1.88 1.000 0 954.786.272 80.970.161 1.088.364 0 240.513 187.Current Assets (B1+B2+B3+B4+B5) 1.250 473.310 436.113 366.773.341 0 1.363 1.127. of Ord.000 0 475.Gross Profit 4.85 0.26 35.239 329.513 1.Return on assets [F7 as % of avg.722 259.136 3.747 933.505 568. shares] 17.Export Sales (Net) 2.591 0 164.000 30.85 0.75 328.121.387 22.477.211 0 63 20.754 443.420.769 3.616 275.Short term Secured loans 2.348 0 183.58 0.011 1.441 180.754 1.364.73 1.743 1.89 87. E) 10.752 30.808 1.866 2.98 1.847.483 1.58 6.Earning per share after tax (Rs.293 3.706 63.917.Dividend cover ratio [(F7-F8) to F9] 12.459 0 0 0 66.40 2.891 146.30 329.Current ratio (B to C) 6.128 46.379.691 2.885 1.Financial Statement Analysis of Non Financial Sector 2013 Bhanero Textile Mills Ltd.88 982.085.625.307 830.510.086 989.542 341.49 15.964 409.Financial expenses as % of sales (F6 as % of F1) 3.86 5.473 176.Return of equity (F7 as % of avg.138 140.257 109.800.27 5.047.530.859 1.37 0. Subscribed & Paid up capital i).Cash & bank balance 2.Cost of material ii).250 0.Preference shares 2.78 5.Depreciation for the year 5.763 90.01 4.676 0 200 12.54 80.549 150.510 1.237 1.17 84.978 797.788 258.055 60.958 0 0 0 92.108 901.353.132 65.573.876.778.Net profit margin (F7 as % of F1) 15.805 3.000 0 23.615 160.956 175.451 4.Capital Reserve ii).000 0 G.277 620.Operation: 1.002.149 1.842 115.000 0 2.56 100.002.29 7.822.775 701.000 54.303.Cost of sales i).18 3.00 27.843 1.82 8.561 30.826 417.17 734.948 167.102.203.456 496.649 1.947.850 810.045 5.311 7.36 1.382 6.299 234.465 6.02 86.531.75 0.904.553 0 1.85 5.023 0 0 0 78.27 9.372.989 0 99.335 176.889 0 226.716 0 1.357 60.616. administrative and other expenses i).93 1.946.65 1.921 4.Total value of bonus shares issued 11.242 1.724.614 128.147 40.693 3.660.005 62.Trade Debt as % of sales (B3 as % of F1) 4./share) (E/No.151.106 3.586 2.523 1.467 393.534.100.903 0 320 10.847.Total capital employed (E+D) 2.Operating fixed assets after deducting accumulated depreciation 4.82 9.311 5.758 89.633.624 16.666 799.939 1.74 1.768 93.592.Capital work in progress 2.603 144.767.271 6.26 284.047.Assets turnover ratio [F1 to (A+B)] 5.184 2.38 0.372.583.99 1.454 144.Key Performance Indicators 0.282.96 88.79 1.211 0 762.899.800 2.390.40 12.370.100 419.311 89.Miscellaneous 1.082 6.581 380.662 2.Administrative and other expenses 5.435 1. shares) 2.Other input cost 3.587.Contractual Liabilities (G2+C1) H.65 3.043.64 3.780 116.877 99.Return on capital employed ( F7 as % of avg.79 45.555.008.Debt equity ratio [(C+D) to E] 8.542 3.553 30.861 118.789 984.483 512./share) [(F7-F8)/No.085.Total amount of dividend 10.300 2.88 2.798.Total fixed liabilities (D1+D3) 3.Inventories 3.967 18.21 1.340 1.421 1.578 3.440 98.45 23.000 30.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.599 44.Inventory Turnover Ratio (F1 to B2) 13.05 10.201.21 5.Non-Current Assets (A1+A3+A5+A6+A7) 1.101.325 0 1.Reserves i).752 0 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.50 9.Revenue Reserve 3.430.947 993.63 0.643 2.352 1.142 369.981 53.086 0 797.29 3.237.716 30.Operating fixed assets at cost 3.341 30.444 1.370.22 1.184 517.097 4.476 53.142 3.341 0 2.173.529 961.553 0 1.51 1.173.509 1.03 0.211 951.000 0 52.490 701.621.000 0 413.230 0 150.93 10.07 81.188 289.525.632 1.82 13.33 8.184 312.920 3.275 351.917.332 124.87 4.710 64.843 1.651 830. G1) 11.460 224.000 0 2.354 1.74 51.Long term investments 7.56 13.16 466.42 0.47 4.647 0 75.754 414.660.069 375 157.426. of Ord.068.636 60.14 23.617 18.(A+B)] 9.Net profit before tax 8.707 1.422 1.000 30.Financial expenses of which: (i) Interest expenses 7.895 3.093.484 332.59 2.Long term unsecured loans 3.27 124.

07 -1.24 0.496 49. A. of Ord.Return on assets [F7 as % of avg.Sales i).555.473 271.85 3.441 721.75 -0.Financial expenses of which: (i) Interest expenses 7.179 13.844 270.39 0.Cash flows from operations 905.Contractual Liabilities (G2+C1) H. E) 10.38 0.Salaries.869) 36.264 (14.558 57.Cash & bank balance 2.Inventories 3.49 7.Retention in business (F7-F8-F9) 4.930.000 141.071 293.656 52.35 0.829 0 62.22 0.89 0.761 1.020 62.080 146.25 11.081 549.235.311 1.721 0 0 3.334 450.823.62 95.10 7.465 168.18 4.03 1.Total fixed liabilities (D1+D3) 3.Other non-current assets B.373 263.924 51.93 0.957 58.17 3.689 185.73 -0.541 762.171 195.Capital Reserve ii).479 162.140 15.60 3.59 7.Earning per share after tax (Rs.848 63.328 865.658 1.687 33.78 -40.058.87 47.432 10.689) 332.717 75.880 8.000 141.76 0.217 1.35 20.797 0 908.531 - 945.513 234.30 -68.582 (28.729) 0 (199.466 450.Operating fixed assets at cost 3.389 725.264 17.Return of equity (F7 as % of avg.678 9.549 0 0 59.684 879.72 0.General.52 -3.807 1.717 (20.530) 237.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.76 92.85 11.054.232.499 1.19 0.906 276.(A+B)] 9.433 793.011 740.672 129.068 26.821 3.Operating cash flow to debt ratio [F11 to (C+D)] 16.33 9.458 55.789.688.656 89.500 0 4.767 99.63 5.613) 781.14 8.43 -2.414 0./share) [(F7-F8)/No.689) 0 (179.99 0.93 92.97 1.14 3.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 727.582 64.78 -9.735 141.Reserves i).Trade Debt as % of sales (B3 as % of F1) 4.529 20.360 0 0 3.592 887.890 525.000 141.989 727.930) 0 (229.429 117.70 6.132 141.321 490.Non-Current Assets (A1+A3+A5+A6+A7) 1.938 64.571 614.854 135.895 0 64.764 62.47 -16.552 66.16 1.656 33.261 549.000 0 54.601 290.77 -12.10 -1.930) 164.100 29.Debt equity ratio [(C+D) to E] 8.46 0.051 1.394 (91.69 0.376 0 75.840 37.Selling & distribution expenses ii).625 20.Other non-current liabilities E.575 1.38 6.893 141.Miscellaneous 1.396 140.21 Items 758.Operating fixed assets after deducting accumulated depreciation 4.Local sales (Net) ii).923 140.394 317.202 37.Revenue Reserve 3.Break-up value shares (Rs.07 -16.017 549.16 8.438 97.Net profit before tax 8.380) 191.249 35.77 1.358 61.Key Performance Indicators 1.036.200 34.700 141.Financial expenses as % of sales (F6 as % of F1) 3.973 313.Dividend cover ratio [(F7-F8) to F9] 12.Operation: 1.68 8.774 524.996 14.97 1.758 102.716 1.Depreciation for the year 5.200 0 785.66 4.783 124.Other current assets C.34 3.805.650 6.91 13.Issued.736 195.Gross Profit 4. administrative and other expenses i).22 -6.Assets turnover ratio [F1 to (A+B)] 5.834 98.Current Liabilities (C1+C2) 1.641 1.799 99.000 0 (199.Preference shares 2.299 23.76 -1.500 0 8.866 52.084 141.73 0.Other input cost 3.196 28.996 76.653 109.625 F.Total value of bonus shares issued 11.535.Debentures/TFCs 4.084 0 0 78.693 1.508.870 1.86 9.938 39.358 0 290.06 6.411 934.07 13.83 91.484 354.Capital work in progress 2. wages and employee benefits 6.713) 228.Short term investments 5.Long term secured loans 2.389 29.84 30 .73 1.428 319.948 134.169 73.230 880.295 72.80 1.253 493.464 882.259 164.360 493.Tax expense (current year) 9.645 33.906 599.182 37.Cost of material ii).Acid test or quick ratio[(B1+B3+B4) to C] 2.736 0 354.Total amount of dividend 10.695 1.51 11.33 1.629 52.427 250. G1) 11.155 525.703 288.000 0 (179.Export Sales (Net) 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.264.Financial Statement Analysis of Non Financial Sector 2013 Bilal Fibres Ltd.717 38.000 0 (244. of Ord.82 0.275 43.556 0 67.56 5.65 0.279 876.00 0.248 628.135 38.592 43.211 124.445) 6.924 0 0 58.00 -6.94 1.179 281.164 210.08 6.562 760.930 41.348 0 0 19.159 35.Long term investments 7.000 141.595 287.11 2.17 17.Inventory Turnover Ratio (F1 to B2) 13.566 0 57.464 1.309.675 590.Total capital employed (E+D) 2.Ordinary Shares ii).68 95.175 925.278 0 946.684 40.500 0 7.634.973 1.85 -6.181 58.225 106.084 - 1.782 (92.400 75.269 423.213 711.782 38.091 739. Subscribed & Paid up capital i).000 0 (229.076./share) (E/No.Other current liabilities D.530) 0 (213.65 98.177 360.885 377.435 689.629 (44.Short term Secured loans 2.196.592 57.885 193.012 0 0 3.614 0 84.994) 767.230 0 0 3.820 1.390 191.02 -3.41 -19.132 150.883 79.87 3.000 0 (213.76 2.Shareholders Equity (E1+E2+E3) 1.32 9.000 141.Current Assets (B1+B2+B3+B4+B5) 1.341 0 0 3.Administrative and other expenses 5.09 3.416 438.Return on capital employed ( F7 as % of avg.621 490.500 0 6.Employees benefit obligations 5.212 77.10 -6.265) 16.Intangible assets 6.179 140.43 -9. shares] 17.866 3.921 23.967) 584 0 0 (90.606 1.027 35.094 23. shares) - - - - - - 5.551) 701.Cost of sales i).997 32.554 25.752 712.174 1.Net profit margin (F7 as % of F1) 15.820 0 (97.56 -1.392 241.936 141.30 0.Trade Debt 4.018 0 827.660.713) 0 (244.320 222.Long term unsecured loans 3.08 0.594 297.511 0 0 G.000 141.406 742.52 -2.729) 158.10 0.652 27.331 113.389 (60.329) 1.695 71.500 0 10.062 744.Current ratio (B to C) 6.04 3.486 9.542 468.Cost of goods sold to sales (F2 as % of F1) 7.35 0.486 108.

215.263.Total amount of dividend 10. wages and employee benefits 6.871 311.74 11.22 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.Short term investments 5.88 85.599.Cost of goods sold to sales (F2 as % of F1) 7.320 64.329 1.Capital work in progress 2.347 1.07 0.39 1.246.Short term Secured loans 2.082 32.547 0 0 49.901 0 - 3.Operating fixed assets at cost 3.67 0.636.213 0 1.699 648.819 36.108 24.703 1.16 5.160 0 43.124.62 0.62 15.724.Non-Current Assets (A1+A3+A5+A6+A7) 1.Cost of material ii).10 3.450 379.964.Cost of sales i).Miscellaneous 1.782 981.Financial expenses as % of sales (F6 as % of F1) 3.718 0 587.613 2.960 1.Salaries.Cash flows from operations 2.Issued.228 111.040 825. of Ord.223 5.270.570.530 64.Tax expense (current year) 9.Operating fixed assets after deducting accumulated depreciation 4.484 342.05 0.750 513.24 0.Selling & distribution expenses ii).173.540 3.565.664 495.Export Sales (Net) 2.53 2.Inventory Turnover Ratio (F1 to B2) 13. A.320 0 1.149 108.86 19.605 1.80 2.077 673.826 429.507.98 0.930 40.130 1.Other input cost 3.16 1.680 20.014 357.001.Net profit margin (F7 as % of F1) 15.Assets turnover ratio [F1 to (A+B)] 5.394 85.160.621 49.909.Total capital employed (E+D) 2.198 3.447 0 350.547 561.208 74.317 791.320 0 1.782 439.78 283.375 0 1.766.161 164.411 1.781 525.61 193.29 1.840 251.538 1.013 204.83 31 .71 15.365.068 15. Subscribed & Paid up capital i).526 168.070 921.167 190.824 507.770 1.90 0.708 0 39.35 94.405.504 4.239 1.027 1.19 44.Other non-current assets B.160 0 703.269 0.76 0.Return on capital employed ( F7 as % of avg.703 433.362 504.937 100.009 1.155 667.759.938 1.408.297 178.960 0 1.535.797 48.037 1.632 0 0 7.07 81.50 80.162 174.32 5.931 1.014 86.71 3.Employees benefit obligations 5.000 13.842 68.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Earning per share after tax (Rs.252. E) 10.738 3.397 296.85 3.934 4.083 495.606 365.624.320 64.928 1.160 0 223.987 787.42 1.430 5.779 688.946 257.46 25.314 475.075 1.79 2.380 2.Contractual Liabilities (G2+C1) H.597 0 129.000 81.468 732.37 12.Operating cash flow to debt ratio [F11 to (C+D)] 16.787.03 320.320 0 2.95 1.563 357.576.54 0.Debt equity ratio [(C+D) to E] 8.518 801.856 0 176.240 0 352.00 14.91 84.269 0 0 12.083 173.156.864 773.Financial expenses of which: (i) Interest expenses 7.916 138.032 241.572.09 7.520 32.667 137.81 4.60 1.314 197.014 3.212 0 0 8.994.037 132.93 17.286 0 32.714 4.40 3.849 1.Key Performance Indicators 1.424 583.939 116.43 Items 2.493 18.167 231.447.15 8.360.224 87.834 263.648.Financial Statement Analysis of Non Financial Sector 2013 Blessed Textiles Ltd.Acid test or quick ratio[(B1+B3+B4) to C] 2.48 376.356.69 2.862 935.Intangible assets 6.916 160.72 3.718 841.054.092 0 123.948 1.77 13.187 2.Break-up value shares (Rs.483 169.487 4.628.56 25.Ordinary Shares ii).560.Total value of bonus shares issued 11.68 1.Sales i).14 2.083 1.059 114.General.67 2.42 2.Retention in business (F7-F8-F9) 4.035 813.280 64.208 0 112.172 203.248 0 89.937 159.540.642 504.751 514.834 587.650 - F.336 132.34 0.995 41.295.Local sales (Net) ii).922 3.688 815.95 10.45 14.356.411.581 64.35 11.402 63.894.64 6.991 907.268.841 0 2.20 2.927 294.29 3.320 64.298 2.03 65.56 0.54 0.181.767 64.021 0 214.97 8.Current Assets (B1+B2+B3+B4+B5) 1./share) [(F7-F8)/No.379 896.353 30.901 0 2.Gross Profit 4.180 51.356.090 2.986 182.32 4.Administrative and other expenses 5.419 18.335 827. of Ord.Operation: 1.307.Current Liabilities (C1+C2) 1.636 1.315 880.178 6.725 64.147.149 192.128 1.406 32.385.535 475.463 322.Other current liabilities D.71 11.720 55.805 2.503 1.469 152.Depreciation for the year 5.706 389.293.022 2.08 0.221 64.Shareholders Equity (E1+E2+E3) 1.593 18.185 2./share) (E/No.844 358.156 145.494.Debentures/TFCs 4. shares) 3.537 391.715.004.421.805.824 0 575.544 6.262 189.Trade Debt 4.65 43.Capital Reserve ii).Long term secured loans 2.700 308.Other current assets C.320 64.953 4.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.570 1.Inventories 3.952.895 846.432 0 G.768 0 0 7.Cash & bank balance 2.360 158.004 16.900 2.971 1.169 338.210 - 2.92 1.73 7.405 0 1.521.365 657.21 86.Net profit before tax 8.12 7.904.321 98.Other non-current liabilities E.994. administrative and other expenses i).994.251 111.194 101.112 258.Current ratio (B to C) 6.447 0 1.298 1.320 64.013 314.171.880 0 0 11.Preference shares 2.Revenue Reserve 3.Return on assets [F7 as % of avg.97 3.932 1.87 32.144.41 128.081 445.21 4.92 6.Long term investments 7.765.320 0 763.86 0.125 625.624.Dividend cover ratio [(F7-F8) to F9] 12.261 0 1.547.85 130.716.547 4.888 346.126 2.261 750.Total fixed liabilities (D1+D3) 3.77 12.823.864.759 342.21 2.759.153 146.476 310.407 148.68 14.574 10.60 0.67 41.840 0 0 56.320 64.58 11.706 0 0 65.836 4.100.297 5.842 89.348 115.322 772.036 33.(A+B)] 9.86 87.30 2.445.897 2.160 217.67 4.76 6.Reserves i).979 1.519.Long term unsecured loans 3.Return of equity (F7 as % of avg.55 10.879 3.208.212 694.405 0 1. shares] 17.429.048.23 4.037 444.741.058.314 445.60 60.723 100.145 12.293 117.99 0.Trade Debt as % of sales (B3 as % of F1) 4.902 312.16 2.809 670.32 14. G1) 11.180 152.10 17.55 5.25 1.320 0 1.447 4.036 962.871 921.221 1.320 0 777.

127 10.04 - - - - - 0.04 0.Export Sales (Net) 2.422 29.32 9.460 1.Net profit before tax 8.Capital Reserve ii).00 0.408 364./share) [(F7-F8)/No.010 98.49 0.935 9.18 1.Other current liabilities D.43 0.00 0.036 0 37.02 -4.677 0 6.Operating cash flow to debt ratio [F11 to (C+D)] 16.474 27.215 5.753 394.010 98.19 145.53 -4.62 -0.Acid test or quick ratio[(B1+B3+B4) to C] 2.05 -3.76 -76.Cash flows from operations 166.Employees benefit obligations 5.85 -9.982) 28.861 251 0 0 16.37 -5.57 32 - - - - - -12.86 - - - - - -0.798 16.72 105.99 -1.237 0 0.215 0 16.681) 30.567) - F.999 7.Break-up value shares (Rs.127 12.Debentures/TFCs 4.40 0.114 9.Inventory Turnover Ratio (F1 to B2) 13.647 166.059 0 412.102) 48.498) 98.920 0 20.479 0 (33.521 (29.Preference shares 2.00 0.12 0.Trade Debt as % of sales (B3 as % of F1) 4.Return of equity (F7 as % of avg.203) 180 0 0 8.00 0.242 (9.05 -3.025 4.067 1. shares] 17.755) 26.269 1.Other non-current liabilities E.396 (32.010 0 (176. E) 10.010 0 (165.00 -3.Total fixed liabilities (D1+D3) 3.Cash & bank balance 2.Long term investments 7.110 90.97 0.Revenue Reserve 3.059 0 29.753 8.125 0 435.743 389.081 15.26 1.82 -6.834 340.Cost of goods sold to sales (F2 as % of F1) 7.232 (29.466) 98.890 381.057 3. wages and employee benefits 6.463 758 (5. administrative and other expenses i).36 0.30 0.14 -4.010 0 (178.098 (35.464 0 0 0 0 0 0 0 20.Capital work in progress 2.764) 25.Current Assets (B1+B2+B3+B4+B5) 1.992 37.038 0 0 0 11.57 -7.General.Administrative and other expenses 5.964 5.584 0 0 264.74 .062 0 5.Ordinary Shares ii).942 0 3.Total capital employed (E+D) 2.383) 0 348.34 -5.964 0 4.755) 0 (176.Other non-current assets B.795 381.010 98.523 111.Issued.01 -7.57 -7.07 -5.010 98.Trade Debt 4.00 0.256 - 0 0 0 0 0 0 0 20.Dividend cover ratio [(F7-F8) to F9] 12.964 0 21.09 -8.789 0 0 264.Cost of material ii).091 27 0 44 0 13.355 0 20.Selling & distribution expenses ii).94 -204.272) 0 361.751 0 44 0 11.100 0 27.326 0 430.Total value of bonus shares issued 11.595) 11.302 (50.81 -15.267) 835 0 0 G.839 7.743 0 (46.505 1.343 0 0 0 9.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 141.495 0 (5.94 1.94 -5.451 34.Gross Profit 4.181) 98.557) 98.383 146 0 0 18.Non-Current Assets (A1+A3+A5+A6+A7) 1.Cost of sales i).Short term investments 5.934 0 34.803) 32.020 20.059 400.Long term secured loans 2.Tax expense (current year) 9.Miscellaneous 1.67 0.377 82 0 44 0 15.12 -57.794 1.394 0 0 262.982) 0 (181.87 1.Assets turnover ratio [F1 to (A+B)] 5.Sales i).00 0.Debt equity ratio [(C+D) to E] 8.647 0 176.Financial expenses of which: (i) Interest expenses 7.010 0 (103.355 432.259 3.789 8.954) 98.908) 44.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Inventories 3.Key Performance Indicators 1.04 0.05 0.564) 98.Current ratio (B to C) 6.Financial expenses as % of sales (F6 as % of F1) 3.Reserves i).095 0 (55.126 13.734 11./share) (E/No.734 11.Operating fixed assets after deducting accumulated depreciation 4.031 0 3.232 359.984 0 0 264.757 1.Operation: 1.610 0 330.Intangible assets 6.201 0 20.010 0 (181.010 98.Earning per share after tax (Rs.010 98.839 0 22.99 47.45 -10.Depreciation for the year 5.681) 0 (178.036 (5.Other input cost 3.59 - - - -2.826 48.200 11.420 0 370.908) 0 0 0 (21.00 0. shares) -19.411 (20.646 0 430.458) 0 0 0 0 0 0 0 16.Long term unsecured loans 3.453 41.38 -0.929 0 0 18.001 0 394.480 0 279.Operating fixed assets at cost 3.791 355.07 0.100 417.Local sales (Net) ii).Non-Current Liabilities (D1+D2+D3+D4+D5) 1.(A+B)] 9.493 141.980 31.Other current assets C. A.00 6.40 -8.803) 0 (165.03 0.31 Items 438.519 10.Contractual Liabilities (G2+C1) H.02 -0.920 7.Retention in business (F7-F8-F9) 4. G1) 11.Financial Statement Analysis of Non Financial Sector 2013 Brothers Textile Mills Ltd.Short term Secured loans 2. Subscribed & Paid up capital i).564 132.047 0 3. of Ord.146 100.64 0.951 0 5.272) 0 0 0 (13.Return on assets [F7 as % of avg.552 765 0 44 0 278.Current Liabilities (C1+C2) 1.84 -1.062 0 430.666 0 0 264.201 6.764) 0 (169.Return on capital employed ( F7 as % of avg.55 -5.327 389.834 345.Salaries.922 0 5.861 0 (20.050 0 (51.444 10.042 0 411.934 377.126 13.Shareholders Equity (E1+E2+E3) 1.010 0 (169.564 124.794 3. of Ord.24 0.490 375.Total amount of dividend 10.869 0 435.563) 0 0 0 0 0 0 0 21.658 22.84 0.Net profit margin (F7 as % of F1) 15.03 -2.265 0 0 0 0 0 0 0 22.251 64.

199 39.Current Assets (B1+B2+B3+B4+B5) 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 785.409 0 0 80.384 538.03 -1.466 243.632 275.025 304.805 661.479 236.006 302.750.458 275.545 2.948 34.507 371.400.04 2.856 1.650 30.62 0.682 1.19 5.Total fixed liabilities (D1+D3) 3.000 0 570.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.188.888 400.322 0 1.000 51.Sales i).256 0 9.476 (47.614 45.238 0 85.790 856.824 412.53 4.89 17.70 -7.89 0.000 371.432 65.722 210.05 7.299 22.749 948. G1) 11.205 0 88. A.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.326.73 .948 62.99 2.456 30.787 659.Long term investments 7.Operation: 1.992 73.223 33.463 46.508) 326.Total value of bonus shares issued 11.33 16.Return of equity (F7 as % of avg.81 1.534 352.Capital work in progress 2.36 2.499 104.02 18.46 5.Short term investments 5.326 763.006 709. shares) - - 4.413) 2.Export Sales (Net) 2.76 0.15 1.92 87.916 132.000 371.581 83.446 139.542 775.Operating fixed assets at cost 3.603 470.224 728 367.Issued.13 0.387 206.000 0 (240.529 34.79 5./share) [(F7-F8)/No.Non-Current Assets (A1+A3+A5+A6+A7) 1.Earning per share after tax (Rs.54 0. Subscribed & Paid up capital i).929 950.614) 63.707 149.023 320.256 0 10.755 874.26 2.843 327.414 0 0 71.47 3.14 -24.Other current assets C.Intangible assets 6.86 87.79 0.90 20.385 41.000 400.09 1.832 67.645 17.928 0 1.Local sales (Net) ii).24 4.902 0 0 11.Net profit before tax 8.Acid test or quick ratio[(B1+B3+B4) to C] 2.603 51.538 39.136 884.305 58.27 0.279 55.Cash & bank balance 2.04 -10.735 139.57 7.Other non-current liabilities E.439 1.661 0 108.17 5.773 48.Trade Debt as % of sales (B3 as % of F1) 4.036 56.93 4.00 -4.150 150.14 1.Return on capital employed ( F7 as % of avg.653 767.56 7.788 41.083 2.860.737 300.Financial Statement Analysis of Non Financial Sector 2013 Chakwal Spinning Mills Ltd.Cost of material ii).378 0 0 G.87 0.01 5.338 371.814 774.Revenue Reserve 3.Selling & distribution expenses ii).483) 67.Ordinary Shares ii).164 50.Other current liabilities D.722 772.077 86.895 331.571 35.221 1.614 736.828 509.Total amount of dividend 10.521 400.88 1.030 0 (27.356 526.000 400.845 0 0 8.211 43.747 32.86 7.852 164.51 3.663 26.Cost of sales i).599 400.56 2.000 0 (185.Inventories 3.334 0 95.379.36 33 - - 7.156 345.Key Performance Indicators 1.510 36.175.Return on assets [F7 as % of avg.517 364.61 3.Debentures/TFCs 4.661 890.Cash flows from operations 875.029.286 54.Reserves i).(A+B)] 9.828 55.367.581 848.614) 0 (160.860 23.671 794.06 6.Preference shares 2.90 5.000 19.63 Items 1.187 436.43 4.483 936.Gross Profit 4.692 0 96.Contractual Liabilities (G2+C1) H.821 42.Shareholders Equity (E1+E2+E3) 1.310 169.546 643.62 0. of Ord.Long term unsecured loans 3.369 44.256 0 8.287 0 0 8.543 466.337.03 16.000 0 140.867 93.Administrative and other expenses 5.749) 58.276 183.989 68.246 1.68 0.20 2.47 92.95 6.Short term Secured loans 2.099 0 0 10.00 9.633 564 1.741.Cost of goods sold to sales (F2 as % of F1) 7.44 0.Other input cost 3.189 2.905) 4.038 47.248 39.734 47.470 48.Capital Reserve ii). wages and employee benefits 6.561 41.483 0 372.006 825.86 4.854 0 1.643 35.256 225.878 227.92 1.413) 0 (305.Operating fixed assets after deducting accumulated depreciation 4.10 3.831 168.061 66.275 649.959 0 1.Miscellaneous 1.04 0. of Ord.00 -0.535 467.526 568.692 2.413) 74.661 407.805 - 989. shares] 17.609.793.General.82 0.18 11.352.251 187.095 0 0 24.Employees benefit obligations 5.021 138.653 396.68 5.300 796.Operating cash flow to debt ratio [F11 to (C+D)] 16.888 79.431 214.724.40 -2.263 371.832 1.28 3.21 3.233 225.619 327.634 1.414 382./share) (E/No.Trade Debt 4.417 51.487 54.Break-up value shares (Rs.24 4.67 0.Salaries.567 0 35.300 42.734 786.534.000 200.048. administrative and other expenses i).437 210.000 0 (305.526 674.211 42.Tax expense (current year) 9.Current Liabilities (C1+C2) 1.283) 225.915 160.214 143.035 846.966 236.26 0.82 1.601 8.783 705.256 (120.266 43.68 3.183 341.07 0.Total capital employed (E+D) 2.71 -4.177 151.337.Long term secured loans 2.256 400.00 5.529 8.Debt equity ratio [(C+D) to E] 8.083 458.Depreciation for the year 5.431 0 149.450 1.068 200.410.73 -9.590 1.86 93.734 809.768 2.134 20.946 0 58.160 33.711.03 1.626 1.868.863 13.893 20.98 40.671 0 232.Financial expenses of which: (i) Interest expenses 7.000 0 35.835 32.254 57.41 4.338 (49.305 47.82 92.170 0 0 0 15.000 400.401) - F.233 622. E) 10.93 0.939 787.Assets turnover ratio [F1 to (A+B)] 5.372 (22.643 1.Dividend cover ratio [(F7-F8) to F9] 12.Net profit margin (F7 as % of F1) 15.814 785.Retention in business (F7-F8-F9) 4.481 62.000 400.182 505.Financial expenses as % of sales (F6 as % of F1) 3.22 1.22 -2.256 199.75 0.000 400.71 0.48 7.014 267.66 0.062 42.07 0.845 856.18 0.007 54.311 0 0 0 11.Other non-current assets B.246 162.518 42.000 0 250.000 0 (160.274 88.307 400.423 23.597 0 0 12.98 11.Current ratio (B to C) 6.718 47.808 99.551 201.75 96.10 0.99 3.483) 0 (240.32 3.187 0.305 51.574 2.030.Inventory Turnover Ratio (F1 to B2) 13.

000 1.701 694.161 6.711.573 2.657 10.Financial expenses of which: (i) Interest expenses 7.515 0 1.Local sales (Net) ii).439) 10.Dividend cover ratio [(F7-F8) to F9] 12.631 2.352 4.467.Net profit before tax 8.040) 8.999 12.95 2.600 2.354.000 (1.486 296.630 2.000 800.147.560.088.90 0.685 (2.088 0 12.Debentures/TFCs 4.150.64 3.055.434 204.Operating cash flow to debt ratio [F11 to (C+D)] 16.Operation: 1.87 109.004.124.956.59 -21. wages and employee benefits 6.Assets turnover ratio [F1 to (A+B)] 5.440 0 3.036 0 1.800.Total value of bonus shares issued 11.197 0 12.585 12.214 4.653.Total fixed liabilities (D1+D3) 3.046.653 0 114.Total capital employed (E+D) 2.525 0 749.83 4.499) 156.256 1.33 0.000 1.222.643 2.206 2.342.101 0 1.736 1.950.161 2.812.47 -4.776 177.000 1.855.222.05 -8.23 2.Shareholders Equity (E1+E2+E3) 1.965 7.300 8.394.17 3.950 0 (124.000 29.025.488 2.081 (2.36 34.707 649.028 3.28 6.524 - 9.654) 5.939.53 0.121 17.221 - F.082 1.159.Operating fixed assets at cost 3.679.950.000 800.017 190.004.34 117.986.190 9.232 16.851 5.950.461 8.Short term investments 5.621.319.460) 526.653 0 149.294) 82.46 0.526.335 1.01 -14.875.67 102.08 -0.928 2.Export Sales (Net) 2.84 31.956.481 11.258) 178.144.988.374.Reserves i).661) 10.095 3.800 218.00 0.441.951 1.772.858 149.388 0 0 379.480 296.92 78.51 -1.78 37.546.26 -43.225.443.122.Other non-current liabilities E.64 -0.237 231.879.688 205.155 (488.Inventory Turnover Ratio (F1 to B2) 13.694 1.950.571 0 2.725 1.792 0 (97.150.488 4.61 34 .Other current assets C.Selling & distribution expenses ii).337.210 214.206 4.000 (4.532) 5.014 18.366 4.432 11.004 4.410 (6.039 272.Return on capital employed ( F7 as % of avg.568.012.947) 15.613.209.38 0.064 59. E) 10./share) (E/No.154 2.56 -0.566.869.417 1.Depreciation for the year 5.914.01 -9.475.150.171.962 0 1.659.879 29.Operating fixed assets after deducting accumulated depreciation 4.461 282.Long term investments 7.37 0.221 1.368 430.209 0 0 8.Other input cost 3.118.846 (2. of Ord.372 (730.864 2.Cash & bank balance 2. A.89 0.410 (6.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.386.796 866.480 (96.064 1.699.809.350 51.365 2.570.467 1.68 -3.88 -0. Subscribed & Paid up capital i).927.480 3.778 10.24 -65.491.266.188 10.738 0 0 8. shares] 17.919.041 0 1.68 5.23 30.11 24.637 3.131 2.Inventories 3.682 1.08 -22.235 3.606.923) 29.487.01 -15.868.017 2.008 2.233 238.254.881 (13.96 28.962 1.750.000 1.740.672.Sales i).85 80.17 0.Financial Statement Analysis of Non Financial Sector 2013 Chenab Ltd.000 543.904.47 0.511 1.410 17.401 105.327 1.000 1.489.984.429.454 191.372 296.766.936 2.728) 82.10 -0.844 7.Financial expenses as % of sales (F6 as % of F1) 3.253.541.38 151.646 3.420.741 7.389 3.15 -0.24 20.279 1.908) 526.99 -0.000 (6.491) 569.29 0.Long term unsecured loans 3.574.961 352.80 89.401 6.692) 10.014 283.594 164.701.336.471.23 -82.805 4.668.000 800.33 0.150. shares) - - - - 1.081 296.860.442.869.209 0 0 19.Other current liabilities D.394.350 11.107.Current ratio (B to C) 6.414.327 578.20 -51.535 2.281 29.022 363.Return on assets [F7 as % of avg.373.467 0.870) 5.996 11.236.Contractual Liabilities (G2+C1) H.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 7.Key Performance Indicators 1. of Ord.972 1.511.85 32.588 1.150.Return of equity (F7 as % of avg.437 0 5.410 (1.486 (1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Gross Profit 4.18 0.04 Items 8.702 96.067.393.595.25 0.239.565 10.18 -26.163 1.Administrative and other expenses 5.376 0 0 20.298.950.Earning per share after tax (Rs.156.167.278.04 -10.899.405 1.832 0 0 12.87 -2.653 0 111.379 997.290 63.308.36 -10.Cost of sales i).305 578.807 7.25 0.100.570.226.887.22 6.Short term Secured loans 2.742.Trade Debt 4.233.152 850.521 0 8.857.Acid test or quick ratio[(B1+B3+B4) to C] 2.000 (5.90 -64.988 9.883 (1.291.64 -34.410 (4.37 -0.Cash flows from operations 8.653 0 162.135.375 511.54 0.506.Net profit margin (F7 as % of F1) 15.318) 5.311 8.558 1.(A+B)] 9.Current Liabilities (C1+C2) 1.243 2.000 800.Long term secured loans 2. G1) 11.276.259 11.381) 6.489.138 497.286.321 (1.981 2.Preference shares 2.Non-Current Assets (A1+A3+A5+A6+A7) 1.000 1.68 64.251.802.18 0.484.995.862.437 0 12.126 7.786 307.30 14./share) [(F7-F8)/No.06 3.933 0 0 (143.302.310 2.657 2.093.943.877 526.224 1.591 (15.40 -0.754 1.31 16.22 0.736 7. administrative and other expenses i).195 2.043 3.628) 88.908 7.039 7.49 -0.391 0 0 G.309.62 -66.217.094 550.187.Debt equity ratio [(C+D) to E] 8.858 4.855 7.000 800.245.03 0.420.Current Assets (B1+B2+B3+B4+B5) 1.68 -41.45 126.296.92 -10.160 0 114.240.Salaries.122) 526.181 5.246.028.025.18 0.091.420.613.Employees benefit obligations 5.01 -0.Capital Reserve ii).Issued.334 783.378.784 1.22 4.14 3.150.723 626.156.000 800.63 50.005 19.857.561) 10.863 1.296.576 133.656 8.01 -4.287 4.880 3.073 (197.681 11.655.General.000 1.509) 3.915.Other non-current assets B.204 11.950.536.807 (374.Cost of material ii).708 1.00 -0.674.918 (1.145 2.14 0.01 -25.030) 354.434 (1.846 296.133 2.967 4.Revenue Reserve 3.621.358.03 -17.106 2.016) 10.Miscellaneous 1.352 800.632 1.590 11.890 1.132 8.685) 8.Tax expense (current year) 9.125.332.571 3.125 3.Break-up value shares (Rs.021 402.Retention in business (F7-F8-F9) 4.131 4.779.244) 526.675.34 -0.389.Trade Debt as % of sales (B3 as % of F1) 4.Cost of goods sold to sales (F2 as % of F1) 7.991.153.68 10.516 0 0 202.420 2.280 153.Intangible assets 6.150 2.Capital work in progress 2.606 7.Total amount of dividend 10.30 12.Ordinary Shares ii).24 12.024.756.77 3.653 0 197.320 126.723 7.107 11.06 0.

583.571.576 4.960.Break-up value shares (Rs.383 0 0 99.039 14.526.526.Cash & bank balance 2.832.784 (405.925 543.441.53 0.919 0 (197.000 0 32.436 3.558.556 (396.156.914 2.197.034 142.58 2.944 4.979.955.009 96.498.Other current liabilities D.898 (274.968 120.Assets turnover ratio [F1 to (A+B)] 5.30 3.42 5.847 68.626 3.020.84 3.395.Total value of bonus shares issued 11.Capital work in progress 2.57 Items 7.119.015.456 1.763 2.000 0 1.099.752.Cash flows from operations 7.298 5.243 2.23 7.Issued.26 0.Return on capital employed ( F7 as % of avg.872.08 11.479 2.Operating fixed assets at cost 3.Tax expense (current year) 9.709.Inventories 3.05 -1.61 -5.Operating fixed assets after deducting accumulated depreciation 4.363 2.944 2.070.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 7.763 2.645 4.Ordinary Shares ii).Other non-current assets B.82 11.751 19.142 1.73 -2.Cost of material ii).012 8.601 3.341.305 4.460 6.992 100.198.Miscellaneous 1.Net profit before tax 8.031 1.508.00 85.33 -2.Capital Reserve ii).832 2.06 1.794.135.905 4.980.527 2./share) [(F7-F8)/No.Short term Secured loans 2.339 2.082 8.Net profit margin (F7 as % of F1) 15.490 2.72 81.146.793 26 584.264.Export Sales (Net) 2.17 11.82 2.578 5.Current Liabilities (C1+C2) 1.687 284.449 4.31 5. E) 10.078 2.687 6.334.453 1.588 8.968 200.297 32.099.97 -5.800 0 863.752 1.926 242.17 9. shares] 17.312.842 0 498.Salaries.787.91 0.01 -1.218.398.192.03 -10.50 .176 5.714.317 4.613.517 1.664.828 5.62 10.269 1.Revenue Reserve 3.519 8.859.115 5.356 5.Non-Current Assets (A1+A3+A5+A6+A7) 1.115.788 0 972.Debt equity ratio [(C+D) to E] 8.565.36 3.450 491.552 G.496 513.429 0 0 536.809 26.841.744 10.568 2.992 (435.63 0.58 0.18 0.530.25 2.219 134.26 1.823 1.88 0.907 524.159 210.78 10.79 0.65 11.379 920.809.109.633 295.827 6.000 0 1.Return on assets [F7 as % of avg.918) 121.789 2.743.24 0.327 4.763 0 464.Administrative and other expenses 5.913 0 0 560.Inventory Turnover Ratio (F1 to B2) 13.721 319.904.832.864 807.909.848 0 73.763 0 402.14 0.742.609.934 8.515 4.132 241.264.Other current assets C.441.977.03 -14.740.514.351 2.Gross Profit 4.48 12.839.566 3.789 7.34 3.167 3.22 0.887 532.Operation: 1.956.009 8.355.598.763 2.468.(A+B)] 9.487 4.145 158.454.73 0.866 986.228.683. of Ord.169. of Ord.483 3.647 7.785 0 308.35 3.743.334) 2.248 37.865 862 8.744 890.954 698.558 321.Operating cash flow to debt ratio [F11 to (C+D)] 16.569 5.399 1.445 700.65 3.763 2.25 0.63 3.295.505 994.Earning per share after tax (Rs.320 4.019 488 546.194 19.389.62 3.441.556 100.36 1.215 10.957 10.111 9. A.Return of equity (F7 as % of avg.Other input cost 3.Local sales (Net) ii).658 297.032 3.020.763 0 73.544.309.26 10.998 238.099 5.Cost of sales i).08 0.103.81 85.026.932 5.262.067 1.516.Depreciation for the year 5.050.102 15.626 4.330 528 813.Debentures/TFCs 4.993 8.414 7.601 435.973 8.915 4.867 1.993 8.Acid test or quick ratio[(B1+B3+B4) to C] 2.441.58 4.255.533 4.865 0 402.730 7.730 0 6.465 18.103.371 7.61 -3.07 11.13 0.930 787.61 0.583 1.205.407 452 527.256 49.667.597 298.768.301) 8.02 0.738 0 0 547.145 100.Employees benefit obligations 5.173.Total amount of dividend 10.133.565 13.848 640 9.68 6.83 3.427 816.189 0 252.Financial Statement Analysis of Non Financial Sector 2013 Colony Mills Ltd.178.332 2.448.803 661.845. wages and employee benefits 6.Current Assets (B1+B2+B3+B4+B5) 1.251 2.636.090 10.16 1.18 5.347 6.763 0 334.681 7.274 1.027 5.00 1.784 309.326 720.331 7.719 10.405.Sales i).09 14.35 0.441.522.659 7.Short term investments 5.104.266.352 1.Reserves i).719 3.779 9.031.836 3.238.936 589.693 4.107 987.Trade Debt as % of sales (B3 as % of F1) 4.305 905.441.General.441.501 8.763 0 366.932 910.281.06 1.Financial expenses of which: (i) Interest expenses 7.000 0 16.Selling & distribution expenses ii).205 1.714 3.926 9.450 319.132 275.764 5. administrative and other expenses i).832.213) 9.Total fixed liabilities (D1+D3) 3.838 432.588 - F.441.220 355.747 10.Key Performance Indicators 1.38 4.032 361.389. G1) 11.340 552.00 4.508.383 5.22 1.28 0.638.018 5.810 332.300 3.Dividend cover ratio [(F7-F8) to F9] 12.009.535 4.421 - 7.94 88.568 0 4.638.Long term secured loans 2.274 1.262.526.Long term investments 7.206 2.040.373 35.410 2.63 0.731 139.960.73 1.05 0.293 363.763 2.44 3.937.243 9.199 692.066 0 432.15 3.814.716 0 9.834 9.13 10.763 0 72.746 7.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.837 219.Intangible assets 6.293 331.441.847.295.Long term unsecured loans 3.Cost of goods sold to sales (F2 as % of F1) 7.806 0 366.228.42 0.247.485 0.239.487 579.079 368.091 1.578.000 0 39.111 20.77 6.90 35 - - - - - 2.648.Other non-current liabilities E.83 89.60 7.063 100.225 319.906.34 11.Total capital employed (E+D) 2.34 12.460 0 5.942 58.740.Retention in business (F7-F8-F9) 4.Financial expenses as % of sales (F6 as % of F1) 3./share) (E/No.98 4.191.657 12.301.533 4.39 0.164 1.726 1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.806 637 10.672 2.063 263.55 1.76 88.472.32 0.25 -3.00 5.777.86 3.043 4.939 10.120 256.Preference shares 2.441.051. Subscribed & Paid up capital i).666 1.304 2.124.666 0 334.310 19.292 11.763 2.293.387 370.106.259 1.441.Contractual Liabilities (G2+C1) H.158 526.027 1.372.427.Shareholders Equity (E1+E2+E3) 1.441.679. shares) 5.409 594 503.001.98 2.822.429 348.526.626 4.Trade Debt 4.716 0 72.77 0.580 26.569 363.784) 29.012.16 4.Current ratio (B to C) 6.

116 0 0 14.63 -45.093 102.775 213.682 0 74.345 83.972 687.13 1.525 29.110 170.285.251 195.Cost of sales i).14 1.786.02 Items 1.572 10.Ordinary Shares ii).403 2.40 -0.103.342 70.710 541.717 3.Current Assets (B1+B2+B3+B4+B5) 1.836 264.950 22.Retention in business (F7-F8-F9) 4.446 750.96 132.432) 0 3. Subscribed & Paid up capital i).(A+B)] 9.87 4.164 90.476 699.37 -55.204.535 0 (60.734) 2.140 2.913.283 265.241.Earning per share after tax (Rs.480 2.002 246.54 94.984 0 13.61 125.012 397.435 0 241.Current Liabilities (C1+C2) 1.General.612 1.100.72 3.836 136.97 1.330 303.681.49 0.128 833.967 642.072.Trade Debt as % of sales (B3 as % of F1) 4.044 72.04 -0.544.775 0 144.18 3.892 69.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.800 2.686 508.Local sales (Net) ii).760.501 64.90 8.577.64 0. shares) - - - - 8.Current ratio (B to C) 6.16 -0.000 1.21 12.82 5.Return on assets [F7 as % of avg.77 36 .522.792 2.56 3.093 3.579 609.073 (97.59 2.63 0.979 1.832 2.645 0 238.661) 18.692) 10.75 0.584 0 78.193 585. E) 10.043 2.37 87.938 2.489 194.Total amount of dividend 10.530.554 62.Return of equity (F7 as % of avg.010.745 3.62 0.Operating fixed assets at cost 3.062 46.957 (99.377 111.039.Dividend cover ratio [(F7-F8) to F9] 12.52 0.938 10.679 3.02 2.158) 494.16 10.675 - F.25 4.490 353.98 94.24 -2.340 141.171 489.265 38. administrative and other expenses i).673 44.21 19.Shareholders Equity (E1+E2+E3) 1.390 213.414.834 487.480.457 65.Reserves i). of Ord.961) 274.146) 4.068.012) 3.446 3.Tax expense (current year) 9.380 0 3.868 496.59 0.765 21.002 (12.360.42 1.172 1.469.807 0 111. A.213 1.92 0.421 0 2.16 2.334.207.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 428.876 451 1.188 30.087.810 103.945 8.469 22.249 256.775 213.754 177.81 9.77 0.775 213.809 1.450 213.Other non-current liabilities E.Miscellaneous 1.343 213.650.965 421.Short term Secured loans 2.348 0 0 G.273 2.07 0.Preference shares 2.53 -10.04 0.Inventories 3.283 4.972 44.102.115 3.161 3.Depreciation for the year 5.775 0 96.435.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.035 2.722 0 (6.839.00 -2.45 3.677.771 2.Capital work in progress 2.774 232.814 449.228 130.638 0 872.914 110.919 941.21 0.Financial Statement Analysis of Non Financial Sector 2013 Crescent Cotton Mills Ltd.955 829.958 0 0 8.155 44.085 358.482 101.832.160 96.40 3.332 58.818 104.755 0 135.32 1.97 -11.700 406.267.475 44.674 11.37 3.872 2.163 389.327 279.622 95.816.484 0 3.Total capital employed (E+D) 2.300 2.143 2.79 4.844 452.96 0.723 42.Long term investments 7.366 1.332 89.16 0.331 3.Employees benefit obligations 5.69 8./share) [(F7-F8)/No.502 0 181.001 24.86 2.974 2.833 172.721 111.146 893.024 9.65 98.604) 589.10 2.Assets turnover ratio [F1 to (A+B)] 5.328 1.643 310.246 3.502 0 79.524 2.476 0.09 1.775 213.62 93.Operating cash flow to debt ratio [F11 to (C+D)] 16.416 67.54 1.627 213.37 0.48 -6.631 384.005 3.842 482.437 142.216.56 6.864.589 2.792.958 (141.871 45.96 8.Revenue Reserve 3.330 165.Long term secured loans 2.333 3.312 32.828 318.44 18.Break-up value shares (Rs.809 55.10 125.801 11.Financial expenses of which: (i) Interest expenses 7.442 0 3.923 43.Short term investments 5.832 0 0 (40.713 951.971 3.44 0.676 (56.Other input cost 3.211 352.342 34.Capital Reserve ii).853.159.Intangible assets 6.417.396 45.057 158.186 90.43 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.721.547.03 2.23 1.Other current assets C.447 263.213 213.436) 2.522.64 2.Return on capital employed ( F7 as % of avg.25 9.Salaries.Cash & bank balance 2.614 253.484 30.627 104.789 803.Contractual Liabilities (G2+C1) H.085 0 49.972 0 0 9.011 69.Non-Current Assets (A1+A3+A5+A6+A7) 1.27 6.Inventory Turnover Ratio (F1 to B2) 13.479) 19.159 0 0 0 21.834 21.796 11.24 5.891 4.09 -11.036 (130.726.020 34.44 1.23 0.Selling & distribution expenses ii).871 49. of Ord.262 39.392 213.775 0 (79.775 213.78 5.064 238.Debt equity ratio [(C+D) to E] 8.Operating fixed assets after deducting accumulated depreciation 4.117 0 56.425.Operation: 1.377 92.112.731 94.957 144.02 2.537 2.486 1.002 8.Trade Debt 4.Issued.Net profit margin (F7 as % of F1) 15.Net profit before tax 8.989.Cost of material ii).227 245.Financial expenses as % of sales (F6 as % of F1) 3.Long term unsecured loans 3.21 0.964 94.245 2.Key Performance Indicators 1.634 104./share) (E/No.528 1.99 90.038 39.047 (208.870 288.Sales i).976 159.840.344.949 2.234 123.324 26.849 163.687 407.385) 106.63 -4.90 1.098.388 428.326 1.134.31 0.183 53.Total fixed liabilities (D1+D3) 3.775 0 (79.765 44.Administrative and other expenses 5.60 5.219 352.246.953.03 -6.024 250.758.43 7.278 2.36 0.201 589.Export Sales (Net) 2.256) 4.775 0 (102.210 3.442 65.506 52.Other current liabilities D.039 32.Debentures/TFCs 4.99 2.485 66.083 206.07 0.Cash flows from operations 2.091.Gross Profit 4.90 0.207 164.761.959 4.404 11.50 145.656 42.Other non-current assets B.775 0 363.466 0 0 29.543.953 212.561 88. wages and employee benefits 6.000 74.289 0 0 0 23.216 25.37 2.695 35.230.Total value of bonus shares issued 11. G1) 11.524 - 2.062 457.94 1.01 4.83 16.393 34. shares] 17.407.159 0 2.Cost of goods sold to sales (F2 as % of F1) 7.73 -0.412 442.775 213.

494 216.160.780 286.796 1.067 248.48 8.33 29.684 275.334 806.727 28.13 1.477 297.100) 195. wages and employee benefits 6.482 282.467 158.225 124.635 34.175 195.36 8.Financial Statement Analysis of Non Financial Sector 2013 Crescent Fibers Ltd.089 666.141 12.247 12.342 368.673 448.588 18.922 404.629 0 1.Short term Secured loans 2.Retention in business (F7-F8-F9) 4.23 2.465 97./share) [(F7-F8)/No.84 0.993 651.593 124.071 517.884 13.Return of equity (F7 as % of avg.588) 282.695 333.90 9.408 220.19 46.934 587.Other input cost 3.Financial expenses of which: (i) Interest expenses 7.316 291.Debt equity ratio [(C+D) to E] 8.182.31 1. shares] 17.20 85.513 147.427 30.414 7.87 1.125 386 2.Capital work in progress 2.385 52.00 1.524 42.999 231.863 2.39 13.233 879 0 0 57.234 62.75 1.978 251.167 170.766 79.179 124.383 257.931 697.987 228.479 444.531 70.627 0 307.Employees benefit obligations 5.610 180.89 92.58 22.951 3.35 15.51 12.06 13.499 0 162.Dividend cover ratio [(F7-F8) to F9] 12.57 7.General.093 70.042 41.392 342.Trade Debt as % of sales (B3 as % of F1) 4.724 9.10 1.930 356.829 372. 2009 2010 2011 14.099.247 8.194 2.642 195.110 2.Total fixed liabilities (D1+D3) 3.53 18.Break-up value shares (Rs.067 219.527 13.065 358.441 96.035 1.71 0.825 1.107 6.52 1.25 9.417 821 1.35 0.898 101.179 0 617.690 0 0 3.963 246.75 8.475 150.Total value of bonus shares issued 11.179 124.50 1.997 216.575 67.456 91.Depreciation for the year 5.07 27.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 Items 850.778 39.13 0.34 2.179 0 105.246.463.065 741.Operating cash flow to debt ratio [F11 to (C+D)] 16.545 153.160 64.763.156 74.Non-Current Assets (A1+A3+A5+A6+A7) 1.913 109. shares) 2.090 0 G.86 2.064 542.99 14.228 29.578 260.875 873.203 1.21 5.110 322.07 0.544 2.309.Net profit margin (F7 as % of F1) 15.Trade Debt 4.512 0 2.01 1.845 1.02 0.Cash flows from operations 1.461 68.673 7.179 0 56. of Ord.Gross Profit 4.05 9.589 29.413 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.416 637.Key Performance Indicators 1.790.020 50.038 25.601 29.681 653.32 10.500 281.Revenue Reserve 3.787 4.780 124.13 3.623 2.159 2.545 2.476 2.138.092 130.94 1. administrative and other expenses i).249 62.459 884 856.98 49.765 41.670 853.499 0 695.547 490.835 70.967 703.00 10.179 0 278.658.36 2.401 - 130.092 386.195 68.980 12.281 333.05 7.361 108.179 124.273 32.231 488.699.Operating fixed assets at cost 3.179 124.Selling & distribution expenses ii).Shareholders Equity (E1+E2+E3) 1.Other non-current liabilities E.650 3.675 259.801 330.64 12.18 19.Administrative and other expenses 5.83 2.675 0 0 51.142 261.250 1.050 446.975 162.360 81.418 0 92.790 257.637 42.807 201.418 0 203.84 2.Total amount of dividend 10.422 285.41 .580 124.422 2.93 0.20 9.Capital Reserve ii).179 124.675 0 0 93.979 41.08 1.59 5.Assets turnover ratio [F1 to (A+B)] 5.179 124.39 1.31 4.Export Sales (Net) 2.053 96.042 54.436 10.769.456 1.158 28.36 90.09 8.Operation: 1.678 124.440 280.877.298 5.49 3.Cost of sales i).Inventories 3.484 35.824 0 677.047 0 56.Return on capital employed ( F7 as % of avg.50 2.142 0 - 1.Cost of goods sold to sales (F2 as % of F1) 7.208 86.560 71.02 11.181 0 (43.07 24.204 106.Debentures/TFCs 4.58 59.318.995.351 51.100 1.846 737.667 1.246.419 9.Preference shares 2.484 0 784. G1) 11.797 91.85 0.601 772 2.069.683 67.Acid test or quick ratio[(B1+B3+B4) to C] 2.601 0 67.24 8.269 118.67 2.273 42.876 488.13 0.397 649.907 63.644 187.467 42.676 5.354 237.(A+B)] 9.Cost of material ii).047 0 294.527 99.650 11.01 0.38 8.35 22.315 230.Current ratio (B to C) 6.68 93.761.069 13.Current Assets (B1+B2+B3+B4+B5) 1.Financial expenses as % of sales (F6 as % of F1) 3.47 32.17 5.25 46.270 368.151 1.Intangible assets 6.800 175.29 1.512.Other current liabilities D. of Ord.373 12.620 66.73 3.755 290.Long term secured loans 2.426.235 (4.64 39.179 0 162.982 16.024 256.660 16.378 13./share) (E/No.427.027 1.471 25.Net profit before tax 8.515 402.09 0.Contractual Liabilities (G2+C1) H.252 0.Long term unsecured loans 3.Inventory Turnover Ratio (F1 to B2) 13.888 44.036 614.667 - F.Total capital employed (E+D) 2.18 15.103 48.385 1.21 89.82 8.816 2.224 6.410 292.10 3.Earning per share after tax (Rs.63 2.69 2.515.89 0.Ordinary Shares ii).179 0 364.580 274.446 1.Current Liabilities (C1+C2) 1.414 124.629 414.675 0 0 29.675 0 0 57.25 0.884 94.96 6.67 2.640 364.46 4.932 59.998 49.263 1.710 2.718.61 85. E) 10.532 30.601 229.453 1.31 8.207 228.Issued.39 65.226 833.483 7.Operating fixed assets after deducting accumulated depreciation 4.Reserves i).278 1.Return on assets [F7 as % of avg.818 5.02 23.593 35.Long term investments 7.Salaries.291 207.322 85.Miscellaneous 1.73 A.371 154.143.05 2.559 1.39 10.49 37 14.Tax expense (current year) 9.049 35.44 0.069 68.092 13.550 39.022 4. Subscribed & Paid up capital i).Non-Current Liabilities (D1+D2+D3+D4+D5) 1.437.433 976.096 179.340 29.Other current assets C.757 30.916 68.520 341.788 121.Sales i).Short term investments 5.Cash & bank balance 2.Local sales (Net) ii).241.479 31.Other non-current assets B.807 423.31 0.929 158.

09 0.Cost of sales i).992 0 1.880 30.308 138.Debt equity ratio [(C+D) to E] 8.08 150.814 30.094 25.Salaries.Gross Profit 4.13 -61.16 0.872 284.824 (72.049 0 1.Issued.318 30.345 0.268 558.818 396.04 -0.965) 782.Net profit before tax 8.207 28.345 982.74 161.Short term Secured loans 2.Depreciation for the year 5.268 0 224.130.80 1.933 0 0 0 8.524 30.16 101.Financial expenses of which: (i) Interest expenses 7.217 33.Long term investments 7.467 448.Financial Statement Analysis of Non Financial Sector 2013 D.955 93.982) 0 (143.54 92.158 70.304 936.49 -3.Return on capital employed ( F7 as % of avg.598 49.631 247.058 0 (27.181.306) 0 (92.51 0.946 471.16 -1.492) (249) 0 0 (23.Total amount of dividend 10.356 0 1.31 101.38 -9.01 56.391 66. administrative and other expenses i).866 43.24 146.291 4.141 9.246 511.Long term secured loans 2.48 0.948 129.012. G1) 11.101 156.115 66.540 384 2.08 195.158.Current Assets (B1+B2+B3+B4+B5) 1.78 -11.585 1.624 10.452 643 26.766 0 558. Subscribed & Paid up capital i).766 549.676 79.952 0 846.70 28.82 2.063 43.28 -7.42 3.095) 0 0 0 3.00 -7.282 (27.798 0 0 13.(A+B)] 9.524 0 (116.Other non-current liabilities E.Preference shares 2.Other current liabilities D.209 0 1.975 17.346 0 66.230 743 38.Reserves i).General.741 267.63 0.355 6.020 879 32.964 3.410 21.939 393.524 - 549.784 4.51 0.956 0 1.Long term unsecured loans 3.Trade Debt 4.01 -2.662 949.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.665 910.515 26.454) 310.622 (58.259 1.293 195.841 27.213 171.235.56 167.02 6.88 28.306) 573.191 (14.967 4.Revenue Reserve 3.685 224.108 385 29.340 74.006.07 129.91 0.095) 247.237 0 30.Sales i).911 578.53 0.30 -6./share) [(F7-F8)/No.Inventories 3.196 43.582 73.396 122.Employees benefit obligations 5.639 35.242 27.245.41 -3.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 963.930 963.898 0 0 10.245.M.04 4.312 193.Administrative and other expenses 5.Earning per share after tax (Rs.292 831.338 0 0 G.006 199.358) 579.345 0 903.60 -16. of Ord.68 0.250 30.Other non-current assets B.01 6.952 831.Trade Debt as % of sales (B3 as % of F1) 4.00 -7.087 30.524 0 (143.01 9.35 0.357) 573.Tax expense (current year) 9.162 23.788 897.524 0 (210.254 801.242 0 53.710 443.971 0 0 0 8.04 -8.838 442.77 -9.912 0 0 57.95 -1.12 1.996 204. wages and employee benefits 6.74 -0.524 30.27 0.287 34.360 30.346 44.21 92.008 1.Operating fixed assets at cost 3.05 182.47 0.424 138.81 0.68 -12.583 842.57 1.193) 29.898 (80.145 622.541) 576.10 3.811 389.Assets turnover ratio [F1 to (A+B)] 5.753 2.Other input cost 3.108 78.12 1.24 -6.104 89.259 15.Cash & bank balance 2.376 863.345 308.950 1.Operation: 1.Return of equity (F7 as % of avg.501 75.741 242.Break-up value shares (Rs.Current ratio (B to C) 6.866 24.17 0.440 43 743 31.267 863.Intangible assets 6.175 821.Operating fixed assets after deducting accumulated depreciation 4.541) 0 (210.01 1.65 -1.474 74.18 0.588 590 90.139 74.05 0.424 402.723 25.Selling & distribution expenses ii).814 54.786 31.358) 0 (116.93 118.446) 8 0 0 6.357) (241.875 494.74 0.71 1.192 30. shares) - - - - - - 9.930 462.097) 33.937 7.954 223.329 25.42 0.039 4.210) 0 0 0 14.813 363.Export Sales (Net) 2.626 868 12.524 30.982) 561.Financial expenses as % of sales (F6 as % of F1) 3.644 0 208.Operating cash flow to debt ratio [F11 to (C+D)] 16.36 -5.957 47.01 4.740 (22.88 11.61 0. Textile Mills Ltd.081 44.36 1. A.27 0.380 711.173 460.Cash flows from operations 867.890 455 16.365 (17.243) 151.084 0 1.586 0 (21.636 94.Short term investments 5.312 787.74 0.Total value of bonus shares issued 11.837 2.178 49.083 20.10 -1.Contractual Liabilities (G2+C1) H.01 -23.048 239.650 103.798 (72.Shareholders Equity (E1+E2+E3) 1.323 (8.407 0 1.894 374.63 0.339 0 53.Miscellaneous 1.734 0 0 75.851 24.02 1.01 -26.Current Liabilities (C1+C2) 1.37 1.339 (26. shares] 17.161 25.03 -213.873 68.Key Performance Indicators 1.99 -0.Dividend cover ratio [(F7-F8) to F9] 12.432 38.Capital work in progress 2.741 741.Non-Current Assets (A1+A3+A5+A6+A7) 1.03 -19.340 84.00 0./share) (E/No.180) 13.88 0.Capital Reserve ii).179 0 2.Other current assets C.14 2.849 636.582 221.659 (80.416 96.127 982.210) 193.426 146.Inventory Turnover Ratio (F1 to B2) 13.524 30.524 30.95 -13.239 151.91 38 .00 110.Local sales (Net) ii).870 43.920 F.51 -13.658) 23.28 -13.183 0 (58.98 0.838 268.Cost of goods sold to sales (F2 as % of F1) 7.170) 4. of Ord.526 34.508) 146.Return on assets [F7 as % of avg.330 30.116 30.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.989 36.354 97.496 27.04 0.364 79.02 Items 1.Net profit margin (F7 as % of F1) 15.758 9.042 0 1. E) 10.Retention in business (F7-F8-F9) 4.976 20.Acid test or quick ratio[(B1+B3+B4) to C] 2.Ordinary Shares ii).Total capital employed (E+D) 2.524 30.794 - (241.287 179.224 89.03 0.Total fixed liabilities (D1+D3) 3.Debentures/TFCs 4.955 0 1.524 0 (92.894 78.259 28.624 0 0 12.09 0.Cost of material ii).524 0 527.

224 366.963 (156.155 (250.S.17 -14.947 19.371 86.857 57.000 600.216 69.501 300.09 0.888) 603.538 (28.101 229 37.47 -2. shares) 39 - - - - - 28.090.Other current assets C.Financial expenses of which: (i) Interest expenses 7.125 480.Return of equity (F7 as % of avg.723 26.Dividend cover ratio [(F7-F8) to F9] 12.Break-up value shares (Rs.40 0.Cash & bank balance 2. Items A.343 5.736 0 652.106 453.19 1.263 89.67 -3.574 11.621 272.13 95.736 653.00 -4.Local sales (Net) ii).Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Cost of sales i).Inventory Turnover Ratio (F1 to B2) 13.161 15.00 0.253 (393.625) 600.721 0 101.778 12.Financial expenses as % of sales (F6 as % of F1) 3.Ordinary Shares ii).41 17.232 33.Net profit before tax 8.Administrative and other expenses 5.828 1.041 650.Current Assets (B1+B2+B3+B4+B5) 1.000 600.56 28.093 50.14 0.491) 620.429 0 0 167.003 34.313 348.020 75.173 130.312 (988.825 76.(A+B)] 9. administrative and other expenses i).34 3.Debt equity ratio [(C+D) to E] 8.622) 0 (898.486 456.200 129.97 -5.899) 657.014 20.69 616.069 0 684.172 325.657 596.439 - F.Short term Secured loans 2.360 - 196.312 0 0 4.907 590.77 0.06 8.000 600.72 -3.977 405.845 52.17 .Reserves i).940 - 0.Capital Reserve ii).Trade Debt 4.074) 0 0 0 150.000 600.65 5.830.06 -19.034 6.08 9.09 99.446 456 13.454 49.Capital work in progress 2.809 219 18.83 -0.508) 204.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 - 783.Total value of bonus shares issued 11.57 0.412 161 904.940 404.958) 0 (1.000 0 (1.793 248.99 4.78 0.Cost of goods sold to sales (F2 as % of F1) 7.37 -117.024 0 140.000 0 8.000 0 (1.176 641.296 61. Industries Ltd.Tax expense (current year) 9.84 -2.Intangible assets 6.072 85.072 87.414 46.951 (37.820 0 698.968 55.General.190 192.633) 0 (909.Current Liabilities (C1+C2) 1.367 608.147 796 513.524 7.818 39.262 419.594 5.428 127.304 40. of Ord.773 387.532) 118.518 389.66 -151. G1) 11.670 162.803 109.782 192.60 33.Retention in business (F7-F8-F9) 4.036 42.434 (28.597 592.434 0 0 105.100.498 93.Return on capital employed ( F7 as % of avg.599 46.Preference shares 2.633) 130.05 1.09 4.Total fixed liabilities (D1+D3) 3.Contractual Liabilities (G2+C1) H.Export Sales (Net) 2.249 27.55 1.500 (33.332 289.Net profit margin (F7 as % of F1) 15.074) 642.96 -16.016 909.88 632.Short term investments 5.Acid test or quick ratio[(B1+B3+B4) to C] 2.806 913.568 33.663 28./share) (E/No.568 0 92.868 1.603 295.171 0 126.773 37.541 1.000 0 (898.Cash flows from operations G.753 65.170 101.Long term unsecured loans 3.11 17.04 -4.Miscellaneous 1.502 592.692 5.19 0.686 325.544 294.Total amount of dividend 10.072 122.68 -3.33 71.117 204.Operation: 1.958) 107.073 131.59 -39.904 19.16 2. wages and employee benefits 6.Salaries.186 260.576 102.567 368.951 15.251 0 0 66.Inventories 3.14 0.411 717.547 23.100.135 513.241 335.15 -16.875 610.Issued.57 0.Financial Statement Analysis of Non Financial Sector 2013 D.56 -2.206 1.16 87. of Ord.Debentures/TFCs 4.19 35.10 -0.17 -6.822 - 653.Total capital employed (E+D) 2.457 (179./share) [(F7-F8)/No.11 -24.090.06 -0.420 1.34 -2.828 0 922.99 -3.862 411.Other non-current liabilities E.92 3.Operating cash flow to debt ratio [F11 to (C+D)] 16.Cost of material ii).877 2.141 198 20.466 11.352 3.62 -6.767 58.983 574.Gross Profit 4.486) 600.55 2.627 88.18 0.04 0.225.99 20.Trade Debt as % of sales (B3 as % of F1) 4.261 29.890 19.573 943.917) 99. E) 10.586 0 698.211) 600.286.427) 943.Long term investments 7.53 -503.Operating fixed assets after deducting accumulated depreciation 4.923 42.961 46.113 54.Other non-current assets B.067 (988.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.925 639.622) 142.000 0 (909.15 104.312 0 0 7.931 105.Current ratio (B to C) 6.77 0.899) 0 0 0 (5.Shareholders Equity (E1+E2+E3) 1.000 0 (949.312 (198.Assets turnover ratio [F1 to (A+B)] 5.Non-Current Assets (A1+A3+A5+A6+A7) 1.Employees benefit obligations 5.321 678.206 36.Long term secured loans 2.532) 0 (1.Other input cost 3.566 920.665 803.746 381.Return on assets [F7 as % of avg.560 352.04 19.000 600.Key Performance Indicators 1.472 13.42 85.500 0 0 3. shares] 17.823 23.057) 9.439 122.592) 600.917) 0 (949.886 0 90.587 663.382 136.026 0 687.70 63.473 746.Operating fixed assets at cost 3.40 0.764 39.30 0.095) 600.994 652.97 0. Subscribed & Paid up capital i).354 19.Sales i).52 1.52 72.85 7.505 56.130 538.Depreciation for the year 5.00 -3.073 160.82 11.245 512.667 1.750 5.Other current liabilities D.88 -6.23 0.351 594 5.426 86.31 -6.209 23.881 26.844 281.146) 34.342 (61.06 4.435 261.085.Selling & distribution expenses ii).159.589 (371.902 59.Revenue Reserve 3.646 261.637) 5.Earning per share after tax (Rs.741 (90.085.854 873.566 59.28 3.221 (198.

586 134.871 1. Subscribed & Paid up capital i).179 75.836 1.839 80.926 79. of Ord.Operating fixed assets at cost 3.08 0.922 410.Trade Debt as % of sales (B3 as % of F1) 4.Current Assets (B1+B2+B3+B4+B5) 1.727 12.765 74.555 1.859 253.707.250 (99.436.917 352 0 5.Non-Current Assets (A1+A3+A5+A6+A7) 1.269 276.390 0 0 120.Other current assets C.705 7.000 80.850) 506./share) [(F7-F8)/No.008 302.30 0.342 326.518 751.Cost of material ii).Assets turnover ratio [F1 to (A+B)] 5.020 (97.454 0 0 79.40 32.62 7.242 (36.783 50.13 0.03 -0.Total value of bonus shares issued 11.349 80.191 0 191.994 58.912) 14.17 -81.00 -13.191 208.Contractual Liabilities (G2+C1) H.15 10.878 615.708 884.Financial Statement Analysis of Non Financial Sector 2013 Dar Es Salaam Textile Mills Ltd.798 399.433 233.140 560.165 1.Break-up value shares (Rs.89 0.157 6.939 0 107.10 4.368 791.709 100.589.450 100.Revenue Reserve 3.012 9.09 1.220) 1.73 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.592 1.28 -14.396 432.002.674 1.46 89.741 80.035.492 259.828 24.368 101.339.702 80.Other current liabilities D.954 404.042 78.53 98.285 14.557 (129.78 4.15 0.59 1.28 -5.538 0 0 94.702 53.428 55.08 3.451 F.Long term secured loans 2.392 77.29 2.910 1.761 184.219) 393.410 66.10 0.438.000 80.024 629.Trade Debt 4.219) 458.000 80.619 1.Selling & distribution expenses ii).712 882.Debentures/TFCs 4.305 215.342 47.719 236.624 80.79 6.381 16. of Ord.19 -0.Cost of sales i).936 1.000 80.949 71.73 1.Reserves i).883 199.794 205.240 0 6.16 1.360 1.05 -20.904 90.95 Items 967.Key Performance Indicators 1.Depreciation for the year 5.Operating cash flow to debt ratio [F11 to (C+D)] 16.Return on assets [F7 as % of avg.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.207 488 40.478 53.793) 566.850) 0 (181.77 -27.52 98.692 148.107 1.801 0 107.568 295.381.05 9.793) 0 (235.240 0 4.601 39.873 1.458 70.718 494.340 11.General.240 0 1.266 101.242 104.Cost of goods sold to sales (F2 as % of F1) 7.13 1.607 1.08 0.378 120.512 184.240 0 5.(A+B)] 9.624 (43.002 1.506 6.821 172.674 0 0 G.540 0 (108.000 0 (181.956 64.859 (111.767 394.925 648.288 0 1.683 0 118.Net profit margin (F7 as % of F1) 15.Employees benefit obligations 5.317 54.Operation: 1.441 262.624 12.232 80.Capital Reserve ii).83 -12.379 225 0 1.027 707.489 72.11 -5.Retention in business (F7-F8-F9) 4.25 0.43 99.450 80.21 13.029 409.871 55.Short term Secured loans 2.325) 553. G1) 11.34 0.844 1.000 80.871 0 1.012 74.894 440 324.576 320.000 (280.64 0.Return of equity (F7 as % of avg.168 142.Total fixed liabilities (D1+D3) 3.000 4.045 560.16 1.12 -16.759 118.412.Return on capital employed ( F7 as % of avg.Cash flows from operations 730.595 619.240 0 4.42 51.000 0 (213.688 1.70 -15.13 -12.153 315.627 142.652 1.04 40 .Long term investments 7.910 23.030.77 -15.464 2.56 26.78 0.279 614.662 0 111.749 72.13 0.93 3.389 18.695 454.09 3.05 5.848 337.926 196.60 99.859 848.92 -0.823 46.213 66.02 -13.Financial expenses of which: (i) Interest expenses 7.807) 13. shares] 17.24 -6.444.748 50.15 2.31 -3.325.196 88.Financial expenses as % of sales (F6 as % of F1) 3.50 -11.18 0.177 142.240 0 3.Total capital employed (E+D) 2.Salaries.55 1.85 0.871 (104.Current ratio (B to C) 6.349 - 1.Long term unsecured loans 3.27 -2.09 -40.89 15.434 85.741 307 39.427 5.Net profit before tax 8.90 1.420 53.91 -0.681) 6./share) (E/No.Acid test or quick ratio[(B1+B3+B4) to C] 2.206 264.436.Ordinary Shares ii).000 0 (283.35 2.Local sales (Net) ii).550 40.000 80.342 318.83 -23.347 258.081 120.497 2.Inventories 3.Tax expense (current year) 9. shares) - - - - - - 3.784 188. E) 10.374 998.31 9.Gross Profit 4.081 53.860 899.811 858.413 0 0 (116.773 326. administrative and other expenses i).19 -13.557 80.Operating fixed assets after deducting accumulated depreciation 4.18 0.023 118.455 (128.Other input cost 3.Other non-current assets B.434 568.298.Short term investments 5.203 52.53 0.074 221.334 290.637 51.674) 451.859 80.00 3.005) 0 (213.081 6.92 -35.672 331.51 93.160 77. wages and employee benefits 6.766) 3.065 375.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 613.250 80.251.267 0 0 18.270 1.00 0.09 16.Sales i).02 -7.88 36.Earning per share after tax (Rs.35 50.48 0.003 62.Export Sales (Net) 2.004 1.Shareholders Equity (E1+E2+E3) 1.444 111.Intangible assets 6.802 410.Cash & bank balance 2.593 67.Preference shares 2.100 1. A.285 967.219) (280.273 537.15 9.400) 499.576 138.Total amount of dividend 10.000 0 128.400) 0 (283.149.426 730.000 0 (235.963 612.262 18.67 1.318 712.Capital work in progress 2.155 76.601 89.93 3.005) 237.318 191.19 -15.001 153.600 134.287 (84.083.243 862.563 939 - 850.58 -7.058 0.89 0.Administrative and other expenses 5.348 972.Issued.790 5.290 1.931 0 56.757 43.Miscellaneous 1.986 80.074) 476.Dividend cover ratio [(F7-F8) to F9] 12.Inventory Turnover Ratio (F1 to B2) 13.37 0.670 243.440) 399.937 281 0 1.84 0.473) 1.389 0 111.24 -7.497 80.434 303.846 1.141 795.Other non-current liabilities E.410 40.894 399.016 432.03 4.321.97 11.Debt equity ratio [(C+D) to E] 8.Current Liabilities (C1+C2) 1.827 4.

743 0 15.394 39.Total fixed liabilities (D1+D3) 3.42 -33.583 61. shares] 17.205) E. of Ord.418 605 96 0 (5.562) 0 59./share) (E/No.073 0 7.59 1.096 99.05 - - - - - - 0.096 99.48 0.Operating cash flow to debt ratio [F11 to (C+D)] 16.Sales i).98 -1. Items A.561 0 0 91.Return on capital employed ( F7 as % of avg.Debt equity ratio [(C+D) to E] 8.87 -14.Financial Statement Analysis of Non Financial Sector 2013 Data Textiles Ltd.096 99.096 0 (108.Depreciation for the year 5.Preference shares 2. E) 10.Net profit before tax 8.837) 0 0 0 126 0 0 0 0 0 0 0 1.08 0.792 139.Short term investments 5.Operating fixed assets at cost 3.05 -4.Revenue Reserve 3.Selling & distribution expenses ii).316 156.Administrative and other expenses 5.096 0 (114.179 558 102 0 0 0 3.179 161.Total capital employed (E+D) 2.394 0 114.49 -3.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 - F.685 0 94.465 153.68 0.Key Performance Indicators 1./share) [(F7-F8)/No.309 99.439 4.234 1.222 0 0 0 20.111 7.00 0.10 0.Total value of bonus shares issued 11.161 114.Long term investments 7.Other input cost 3.119 0 104.880) 0 (111.74 -10.11 0.Local sales (Net) ii).Cash flows from operations 0 1. of Ord.(A+B)] 9.Inventories 3.Current ratio (B to C) 6.89 7.838 0 129.73 -3.16 -14.00 0.Other current liabilities D.00 -0.313 0 104.Return of equity (F7 as % of avg.528 785 57 0 (6.096 99.399 0 129.959 3.625 99.Employees benefit obligations 5.444) 0 0 0 (309) 0 0 0 0 0 0 0 859 0 859 302 105 0 (964) 0 0 0 (64.Total amount of dividend 10.15 -24.00 -5.998 0 113.77 - - - - - - 0.11 -0.708 0 7.760) 0 0 0 0 0 0 0 373 0 373 0 105 0 (478) 0 0 0 (488) 26.222 0 39.847 0 (5.998 39.Operation: 0 0 0 0 1.00 -0.Operating fixed assets after deducting accumulated depreciation 4.222 0 39.Contractual Liabilities (G2+C1) H.961 850 0 0 0 3.10 8.111 15.837) 0 48.050 764 0 6.55 0.222 0 0 0 9.161 114.308 11.Salaries.Cost of sales i).Cost of goods sold to sales (F2 as % of F1) 7.222 0 0 0 (42.10 -1.416 665 55 0 (5.394 0 0 G.531 0 (964) 0 (3.684 0 (6.409 152.181 99.Debentures/TFCs 4.096 0 (10.996) 0 (141.25 0.Dividend cover ratio [(F7-F8) to F9] 12.Short term Secured loans 2.Miscellaneous 1.418 0 1.General.222 0 39.05 0.09 -0.431) 0 53.653 3.Trade Debt as % of sales (B3 as % of F1) 4.Acid test or quick ratio[(B1+B3+B4) to C] 2.Long term unsecured loans 3.Capital work in progress 2.63 -1.71 0.153 0 153.29 -45.Net profit margin (F7 as % of F1) 15.416 0 1.583 70.09 0.07 0.900) 99. G1) 11.45 129.00 0.00 0.528 0 1.Intangible assets 6.Trade Debt 4.583 65.307 12.222 0 39.088 0 0 91.Cost of material ii).Return on assets [F7 as % of avg.07 0.Cash & bank balance 2.01 -0.161 113.28 16.00 0.225 0 114.950) 0 (108.153 0 - 1.20 2.092 5.472 361 0 0 0 3.Capital Reserve ii).444) 0 127.Current Assets (B1+B2+B3+B4+B5) 1.70 -4.175 0 3.222 0 0 0 14.49 -3.Other current assets C.747 0 129.Earning per share after tax (Rs.Break-up value shares (Rs.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.06 0.Tax expense (current year) 9.096 99.678) 0 (478) 0 0.431) 0 0 0 232 0 0 0 0 0 0 0 1.096 0 (141.Current Liabilities (C1+C2) 1.096 99.00 0.Reserves i).707) 0 (114.27 -10.65 -2. wages and employee benefits 6.18 -0.Ordinary Shares ii).403 660 123 0 0 138.125 0 3.64 -27. administrative and other expenses i).Shareholders Equity (E1+E2+E3) 1.707) 24.583 75.Inventory Turnover Ratio (F1 to B2) 13.Non-Current Assets (A1+A3+A5+A6+A7) 1.93 -1.959 1.Other non-current liabilities 0 0 26.Financial expenses as % of sales (F6 as % of F1) 3.Issued.743 39.Financial expenses of which: (i) Interest expenses 7.62 -0.65 0. Subscribed & Paid up capital i).06 0.891 0 (51.00 -0.950) 30.86 10.Assets turnover ratio [F1 to (A+B)] 5.787) 0 558 0 4.225 39.787) 0 (10.33 .168) 39.462 99.65 2.179 178.910 (12.096 0 (72.096 0 (111.91 -0.308 10. shares) 41 - - - - - - 5.Gross Profit 4.996) 0 - 0 0 0 0 0 0 0 1.Other non-current assets B.222 0 39.000 0 3.Export Sales (Net) 2.283 947 0 8.708 39.891 99.091 0 0 91.880) 27.Long term secured loans 2.403 0 (5.222 0 0 0 88.Retention in business (F7-F8-F9) 4.865 715 0 9.531 4.Non-Current Liabilities (D1+D2+D3+D4+D5) 2009 2010 2011 75.

544 1.06 11.80 13.27 0.861 0 1.547 513.613 45.405.517.93 0.Gross Profit 4.208 118.031.232 139.28 A.01 97.362 207.286 24.Preference shares 2.06 0.286 3.57 4.844 0 722.941 121.350) 378.Total fixed liabilities (D1+D3) 3.114 185.578 590.245) 378.807 333 134.183 74.951 48.63 0.45 .431 10.460 128.561 168.62 0.401 26.350) 1.807 23.458 52.41 72.259.00 22.582.Break-up value shares (Rs.578 0 5.079.54 0.Employees benefit obligations 5.32 0.517.Operating fixed assets at cost 3.372) 374. shares] 17.02 1.916 129.Short term Secured loans 2.Long term unsecured loans 3.91 90.378 4.09 12.937. E) 10.547 0 4.916 295.862 380.924 563.141 48.547 0 4.305 0 208.Return on assets [F7 as % of avg.334 0 0 789.90 -111.105.089 0 0 20.228 477.Operation: 1.441 56.386 149.478.385 4.602 76.965 0 334.463 295.899 0 4.446 513.818) 1.696.Salaries.81 88.763 761.82 -0.346 155 0 (215.941 121.Cost of material ii).Ordinary Shares ii).Intangible assets 6.837 316.355 62.282) 0 5.313 43.373 0 0 265.426.873 8.23 1.17 6.Export Sales (Net) 2.61 0.552 23.Cost of sales i).330 1.514 0 (41.Net profit margin (F7 as % of F1) 15.930 - F.Other non-current assets B.983 83.07 10.707 10.582.695 0 0 0 44.302 67.596 11.055 7. of Ord. of Ord.89 - - - - - - 36.89 5.52 4.667 374.Other current assets C.Financial expenses as % of sales (F6 as % of F1) 3.017 575.Debt equity ratio [(C+D) to E] 8.690 9.Cash & bank balance 2.Key Performance Indicators 1.05 -0.951 48.Assets turnover ratio [F1 to (A+B)] 5.168 381.23 79.578 590.937.Selling & distribution expenses ii).206 122.Total value of bonus shares issued 11.56 13.05 -7.Depreciation for the year 5.241 0 0 681.(A+B)] 9.597.351 40.Reserves i).Non-Current Assets (A1+A3+A5+A6+A7) 1.09 3.560 23.540 139.753 0 4.049 184.105.373 73.47 3.74 0.06 11.97 210.663 44.331 590.430 65.183 0 5.00 41.228.Debentures/TFCs 4.170 590.674 0 5.305.228.667 149.Capital Reserve ii).103 69.543 1.837 23.695 0 4.084 46.105.183 0 0 0 62.058 0 (114.Issued.11 26.08 22.921 23.758.582.282) 0 0.Trade Debt as % of sales (B3 as % of F1) 4.472.141 0 (216.Total amount of dividend 10.344 52.388 171.76 4.470 11.750 121.378 4.62 -7.899 0 3.Long term investments 7.04 8. administrative and other expenses i).674 0 0 0 59.Shareholders Equity (E1+E2+E3) 1.758.083 0 0 G.578 0 4.Sales i).367 10.575 3.15 0.960 59.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.036 196.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.916 129.70 0.601 0 4.208 118.Cost of goods sold to sales (F2 as % of F1) 7.General.234 0 1.Dividend cover ratio [(F7-F8) to F9] 12.696.289 0 (136.81 13.152 159.00 6.398 9.00 18.333.168 381.Cash flows from operations 368.04 13.25 14. shares) 42 - - 1.578 590.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 Items 464.049 184.183 0 0 0 62.36 178.365 0 140. 2009 2010 2011 76.13 3.463 295.Administrative and other expenses 5.115. Subscribed & Paid up capital i).28 6.Contractual Liabilities (G2+C1) H.04 -6.791 0 124.794 853.373 0 0 265.174 10.Local sales (Net) ii).431 10.965 0 334.73 4.294 0 294.960 0 143.63 0.55 86.274 0 5.945 3.016 24.96 0.76 4.49 0.88 0.Revenue Reserve 3.120 468.398 9.658 319.305 0 0 0 1.Other non-current liabilities E.386 149.397.00 2.Other input cost 3.547 513.141 0 139.965 378.786 0 149.Earning per share after tax (Rs.470 11.592 0 4.578 0 5.Current ratio (B to C) 6.Operating cash flow to debt ratio [F11 to (C+D)] 16.753 0 5.443 208.753 0 - 193.633 201.688 82.544 1.Operating fixed assets after deducting accumulated depreciation 4.Trade Debt 4.66 4.Miscellaneous 1.30 96.16 0.61 70.45 70.613 45.Short term investments 5.714.052 216.86 1.601 0 4.055 7.23 93.528.663 44.30 96.697 197.86 1.Financial Statement Analysis of Non Financial Sector 2013 Dawood Lawrencepur Ltd.965 378.592 0 4.016 24.349 85.643 654.738 5.148 513.916 295.355 0 118.81 88.677 77.810 62.07 9.467.183 0 5.247 164.21 8.587.656 96.331 590.907) 0 5.129 9.032 (149. G1) 11.Other current liabilities D.62 0.336 0 5.58 0.Current Assets (B1+B2+B3+B4+B5) 1.541 59.Current Liabilities (C1+C2) 1.017 575.105.403 1.604 13.03 4.Inventories 3.43 14.96 0.861 466.557 0 0 0 48.929 16.45 1.Tax expense (current year) 9.791 466.023.537.805 4.00 41.786 44.05 -0.355 62.917 4.576 24.624 0 4.918 170.Inventory Turnover Ratio (F1 to B2) 13.67 33.083.844 50.22 88.658 319.Return of equity (F7 as % of avg.70 14.61 0.667 0 339.269 477.365 193./share) (E/No.106 155.11 -4.753 0 5.173 35.362 408.007 60.355 0 118.314 319.96 14. wages and employee benefits 6.Total capital employed (E+D) 2.294 368.543 1.397.Acid test or quick ratio[(B1+B3+B4) to C] 2.862 0 330.Return on capital employed ( F7 as % of avg.Financial expenses of which: (i) Interest expenses 7.63 0.289 0 (136.Retention in business (F7-F8-F9) 4.514 0 (41.68 0.445 52.591 25.15 0.478.Long term secured loans 2.Net profit before tax 8.555 558.96 -0.Capital work in progress 2.152 159.751.023.03 4.04 14.557 0 5.918 170.705 0 642.114 185.078 9.425 380.862 143./share) [(F7-F8)/No.

526 14.043 894.85 0.99 -42.Total fixed liabilities (D1+D3) 3.Issued.Earning per share after tax (Rs.86 8.407 51.08 -6. wages and employee benefits 6.Trade Debt as % of sales (B3 as % of F1) 4.439 185.691 1.38 0.318 23.01 1.833 (34.222) 1.947 357.Depreciation for the year 5.000 600.11 -4.130 939.099.Short term investments 5.600 218.03 13.34 0.258) (247.604 0 0 G.52 4.939 1.Operation: 1.780 487.41 Items 1.130 401.08 4. Subscribed & Paid up capital i).890) 1.319.750 (134.531 8.Debentures/TFCs 4.370 25.697 1.Debt equity ratio [(C+D) to E] 8.181 846.768 406.510) 58.701.Reserves i).910 20.Salaries.690 102.Short term Secured loans 2.69 0.366) 96.507 0 8.363.754 107.480 579.114 20.830 126.395 21.19 -1.Other non-current assets B.197 272.856.936 1.78 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.273.093 (119.273.093 0 0 8.58 -0.Revenue Reserve 3./share) [(F7-F8)/No.240 50.Financial expenses of which: (i) Interest expenses 7.67 3.091 794.87 43 .354.50 4.207 791.59 -0.507 - 920.293 488.074 335.74 88.Non-Current Assets (A1+A3+A5+A6+A7) 1.177.089 1.497 5.92 -2.004 (16.22 13.886 25.74 0. administrative and other expenses i).10 13.195 52.278 6.051 0 197.80 -2.373 485.365 27.89 91.404 - (247.768 711. of Ord.000 0 (148.252 460.747 907.Retention in business (F7-F8-F9) 4.71 9.32 -7.Cost of sales i).19 12.84 4.753 685.389 0 221.093.Current ratio (B to C) 6.03 1.635 0 0 5.Other current assets C.30 17.Net profit before tax 8.181 586.251 95.255 0 240.76 0.09 1.Tax expense (current year) 9.General.016 75.718 0 0 26.98 -0.000 586.Total value of bonus shares issued 11.Return on capital employed ( F7 as % of avg.741 0 0 274.080 1.45 -0.09 25.86 20.Ordinary Shares ii).404 600.648 (28.590 859.49 1.241 1.12 2.02 -3. A.14 0.73 98.660 119.507 977.514 110.780 2.56 1.830 1.118 224.151.953 (38.599 (24.68 6.28 1.671 397.46 -7.Long term investments 7.255 446.82 -1.488) 0 (321.006 733.024.057 214.124 1.419 522.56 -0.978 335.91 3.525 359.183 16.693 34.853) 814.343.008) 4.219 377.58 2.267.845 120.923 1.181 1.36 7.772 0 0 25.355 0 0 25.601 263.670 102.557 (17.352) 451.34 7.517 30.Employees benefit obligations 5.742 0.Net profit margin (F7 as % of F1) 15.Cash flows from operations 1.22 10.354 114.553 49.407 1.21 0.78 0.Total capital employed (E+D) 2.507 977.284 13.153 53.251 7.336 148.881 36.719 1.050 838.71 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Financial Statement Analysis of Non Financial Sector 2013 Dewan Farooque Spinning Mills Ltd.566) 1.507 0 (321.26 3.941 43.13 88.942) 17.04 0.589.184 398.35 -2.680.785 2.Financial expenses as % of sales (F6 as % of F1) 3.47 -10.388 27.883.911 364.162 80.582 113.281 120.Operating fixed assets after deducting accumulated depreciation 4.407 107.107 192.611 3.191 224.303) 0 1.819 9.916 977.673 182. of Ord.825) 13.001 0 0 (27.70 105.77 -11.43 6.19 0.158 652.72 0.58 0.205 91.Dividend cover ratio [(F7-F8) to F9] 12.Selling & distribution expenses ii).Trade Debt 4.684 600.846 45./share) (E/No.204 977.194.Export Sales (Net) 2.575 1.652) 0 (148.Long term unsecured loans 3.854 271.49 2. shares] 17.952 43.Other input cost 3.Cost of material ii).054.751.263 126.710 471.422) 41.Other current liabilities D.72 0.Acid test or quick ratio[(B1+B3+B4) to C] 2.833 0 0 8.661 1.887 791.839 0 0 26.550 198.281 1.74 4.Break-up value shares (Rs.074.841 639.380.852 1.92 0.63 9.968 51.625.207. E) 10.115 628.Sales i).388 0 0 (40.639.009) 698.719 18.747 918.884 1.348 600.312 243.72 17.736.Preference shares 2.770 632.759 10.750 442.162 377.02 -3.Operating fixed assets at cost 3.303) 0 (227.Inventory Turnover Ratio (F1 to B2) 13.Intangible assets 6.247.685 2.00 -2.128 1. G1) 11.Total amount of dividend 10.Capital Reserve ii).Administrative and other expenses 5.Shareholders Equity (E1+E2+E3) 1.000 0 52.081 16.641.083 0 2.013 325.32 0.Inventories 3.166 110.000 0 (224.652) 0 1.146.316) 0 1.724.440 0 552.232 (54.86 2.395 3.219 (221.037 27.301.Return on assets [F7 as % of avg.Long term secured loans 2.108.51 0.062.713 793.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.235 974.Cost of goods sold to sales (F2 as % of F1) 7.928 1.242 0 286.032 1.766 2.970) 533.908 243.01 -0.911 0 0 (6.547 0 145.883 433.507 0 (227.Return of equity (F7 as % of avg.507 977.097 138.184.549 1.488) 663.25 10.986 (217.000 600.970 1.86 -0.95 0.338.Contractual Liabilities (G2+C1) H.759 71.258) 624.805) 1.90 -23.797 829.199 628.Local sales (Net) ii).Other non-current liabilities E.685 0 0 8.407 0 2.Capital work in progress 2.75 0.507 0 6.806 1.97 0.07 1.03 101.288 2.252 598.930 321.667 F.22 -18.680 977.004 56.570 31. shares) - - - - - - 3.Miscellaneous 1.000 600.813 383.803 243.015.Assets turnover ratio [F1 to (A+B)] 5.721 899.557 0 0 179.033 521.640 5.138 6.213 85.(A+B)] 9.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.347 30.434 224.354.609 335.467 127.723.662 1.720 1.300 955.977 122.86 -3.298.609 (105.Gross Profit 4.89 0.303 289.17 0.Current Assets (B1+B2+B3+B4+B5) 1.23 -6.008 25.613.18 0.Current Liabilities (C1+C2) 1.316) 0 (224.915 126.Key Performance Indicators 1.851 0 1.Cash & bank balance 2.551 750.888 793.390 473.151 5.940) 375.

590 783.10 -2.29 2.000 307.857 330.896 290.934 (14.37 -2.42 22.962 0 357.200. A.707 0 (79.592 309.00 30.26 0.Assets turnover ratio [F1 to (A+B)] 5.066 73 575.027 56.151 10.034 44.220 24.278 26.340 341.677 14.774 73 585.Operating fixed assets after deducting accumulated depreciation 4.57 0.825 0 35.26 7.100 24.Miscellaneous 1.456 56.368 132.15 0.05 -3.Financial Statement Analysis of Non Financial Sector 2013 Dewan Khalid Textile Mills Ltd.59 -5.825 56.041.792) 135.67 0.185 32.48 -16.792 - 652.590 450.Preference shares 2.246 5.409 85.10 0./share) [(F7-F8)/No.217 56.433 34.201 652.240 0 0 7.209.285) 491.08 -12.264 321.275 289.718 0 1.43 -6. administrative and other expenses i).006 49.000 339.758 197.66 8.074 25.652 0 128.203) 14.001 40.740 13.831) 11.050 227.825 56.508 0 0 41.281 592.(A+B)] 9.Capital Reserve ii).Inventory Turnover Ratio (F1 to B2) 13.Operation: 1.Cash flows from operations 1.389) 558.548 1.Other current assets C.06 -19.074 18.75 97.825 0 20.517 195.578 1.763 27.331 593.Contractual Liabilities (G2+C1) H.059) 0 0 0 53.772 68.185 0 0 0 5.057 88.708 182.781 11.14 0.06 0.Debentures/TFCs 4.246 729. G1) 11.138 0 1.Dividend cover ratio [(F7-F8) to F9] 12.25 2.Other current liabilities D.79 Items 584.355 107.147 73.24 0.54 24.467 117.130 56.Total capital employed (E+D) 2.Gross Profit 4.46 0.687 50.423 741.483 35.Export Sales (Net) 2.342.345 41 605.367 25.Inventories 3.155 0 485.12 -15.652) 355.926 4.446) 351.18 0.35 -24.General.225 (73.565) 6.Net profit margin (F7 as % of F1) 15.393 754.154 200.779 0 47.00 101.38 0.742 0 749.205.593 300.558 0 0 77.652 0 0 0 4.971 203.438 2.392 0 309.423 0.215 385. Subscribed & Paid up capital i).72 98.29 2.34 86. shares) - - - - - - 3.771 289.368.645 0 680.019 0 49.825 56.03 20.250 73 577.536 24.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.155 8.22 1.827 2. of Ord.488 35.597 (108.40 4.07 97.92 -17.247 0 0 89.737 461.153 351.827 52.155.23 2.Return of equity (F7 as % of avg.825 0 71.368 411.02 16. shares] 17.46 0.619 407.138 1.95 44 -0.281 5./share) (E/No.067 0 (108.57 .56 81.992 697.79 0.Other non-current liabilities E.Retention in business (F7-F8-F9) 4.06 -1.578 182.038) 7.185 894.456 49.752 0 1.721 - F.547) 135.Break-up value shares (Rs.38 0.533 0 1.368.120 291 (21.118 11.Trade Debt as % of sales (B3 as % of F1) 4.Net profit before tax 8.11 6.561 128.331 593.473 36.32 1.Shareholders Equity (E1+E2+E3) 1.Administrative and other expenses 5.Revenue Reserve 3.224 366.41 10.00 0.Debt equity ratio [(C+D) to E] 8.Financial expenses of which: (i) Interest expenses 7.61 -45.835 (8.201 0 660.785 104.706 474.161 0 52.Cost of goods sold to sales (F2 as % of F1) 7.Operating cash flow to debt ratio [F11 to (C+D)] 16.Other non-current assets B.88 -16.405 0 88.000 0 782.851 0 0 0 9.Earning per share after tax (Rs.Ordinary Shares ii).905 2.884 (6.Trade Debt 4.870 7.059) 385.208 (69. of Ord.145) 2.Long term investments 7.Long term secured loans 2.749 44.078 802.872 1.518 374.825 0 65.825 56.942 159.825 0 126.Cost of sales i).825 56.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 290.546 56.336 2.09 -20.Acid test or quick ratio[(B1+B3+B4) to C] 2.Depreciation for the year 5.240 (13.170.987 0 71.930 0 (19.29 -13.30 0.591 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.915 29.030 0 84.027 50.871 185.30 8.43 51.074 331.Tax expense (current year) 9.691 137.Current Liabilities (C1+C2) 1.782 1.718 1.Reserves i).374 0 67.672 43.Operating fixed assets at cost 3.Return on assets [F7 as % of avg.Issued.032 248.297 316.83 4.155.136 0 1.381.796 280.554 45.183 283.487) 135.805 52.880 26.251 275.Selling & distribution expenses ii).88 1.01 50.370 355.42 0.05 -4.594 227.531 660.29 -0.132 780.882 17.370 630.497 0 52.34 1.363 92.75 101.825 56.467) 39.Short term investments 5.910 0 81.278 56.825 0 232.05 -4.540 257.02 96.55 -9.Total fixed liabilities (D1+D3) 3.69 6.57 -5.800 (71.563 4.240 498.976 1.173.00 -14.Cost of material ii).599) 374.58 0.Key Performance Indicators 1.Cash & bank balance 2.Return on capital employed ( F7 as % of avg.Current Assets (B1+B2+B3+B4+B5) 1.640 0 69.787 56.Total value of bonus shares issued 11.Capital work in progress 2.205.986 (59.034 0 0 G.653 974.220 303.223 1.71 -4.513 (8.852 104.82 1.56 0.467 394.00 -5.758 12.16 1.16 13.208 107.744 0 100.298 273.426.00 -71.21 7.Long term unsecured loans 3.71 0.979 6.205 234.44 -1.27 -0.06 -5.800 0 0 5.856 300.184 491.Local sales (Net) ii).161 289.392 0 35.409 263.322 24.426.09 22.Intangible assets 6. E) 10.Short term Secured loans 2.584 253.06 1.136 1.505) 53.193 0 (5.482 210.752 77.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.691 322.Total amount of dividend 10.154 74.Financial expenses as % of sales (F6 as % of F1) 3.51 1.155 498.Salaries. wages and employee benefits 6.767 11.Other input cost 3.939 41 631.243 0 0 42.971 0 (23.57 -0.Current ratio (B to C) 6.453 (63.390 766.05 -56.74 -0.95 -11.Sales i).95 1.Employees benefit obligations 5.962 0 20.

shares) - - - - - - 5.62 0.06 324.Short term investments 5.868 376.446.352.43 0.256 69.35 Items 738.66 -50.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 338.Gross Profit 4.521.437 98.749 0 79.418 5.643 11.12 64.876 27.39 -0.59 12.845 98.997 34.Intangible assets 6.76 0.122 34.49 -0.Ordinary Shares ii).Other non-current liabilities E.337) 533.94 9.66 1.609 0 47.869 1.152.127 192 739.44 -22.613 27.73 -2.93 93.842) 526.Shareholders Equity (E1+E2+E3) 1.464 13.554 192 739.714 233.495 558.682 391.777 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.28 1.21 0.199 36.975 203.13 2.492.953 0 0 33.674 543.57 -0.Salaries.558 1.157 0 301. administrative and other expenses i).16 -7.Total value of bonus shares issued 11.Local sales (Net) ii).38 2.540 69.345 34.25 -1.Other current assets C.59 10.333 32.547 30.730 1.Sales i).400 841 389.Employees benefit obligations 5.340 34.736 147.624) 129.896 40.009 665.594 36.Total fixed liabilities (D1+D3) 3.83 -0.24 0.28 1.797 0 753.300) 60.94 -11.881 1. A.General.536 0 (17.441 356.50 1.14 -0.797 0 128.209 93.340 34.082 0 0 22.Short term Secured loans 2.04 -3.828 375.590. of Ord.672 31.271.Earning per share after tax (Rs.058 841 685.742 0 32.909 0 0 G.75 0.500 (78.45 7.641 142.900 31.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Administrative and other expenses 5.97 4.497 34.856) 1.399 0 163.976 17.Long term secured loans 2.78 -0.340 0 148.Other non-current assets B.76 162.411 1.295 542.040 0 178.715) 7.106 0 51.Inventories 3.86 45 -0.046 336.Other input cost 3.959 199.Current ratio (B to C) 6.809 257.17 47.Operating fixed assets after deducting accumulated depreciation 4.546 1.87 26.220 272.473.83 97.157 0 96.Dividend cover ratio [(F7-F8) to F9] 12.94 0.040 0 114.164.373 1.Operating fixed assets at cost 3.474 669.620 83.671 102.02 2.322 309.Cost of goods sold to sales (F2 as % of F1) 7.Return on capital employed ( F7 as % of avg.400 - F.696 0 0 (18.650 299.253 0 30.071.79 22.847 15.18 5.935 185.04 1.747 0 1.Reserves i).03 -5.260) 264 0 0 (278.035 640.193 384.082.25 -4.Retention in business (F7-F8-F9) 4.159.920 413.278.318) 14.250 160.Tax expense (current year) 9.02 -2.332 1.340 0 188.00 16.Non-Current Assets (A1+A3+A5+A6+A7) 1.045 (33.24 -0.971 0 29.Inventory Turnover Ratio (F1 to B2) 13.340 0 128.938 384.109 10.391 80.922 48.877 242.02 1.20 0.Long term unsecured loans 3.558 0 979.349 22.340 0 178.21 -0.07 95.402 299 0 (2.Current Assets (B1+B2+B3+B4+B5) 1.500 0 0 23. G1) 11.Debt equity ratio [(C+D) to E] 8.041) 15.Depreciation for the year 5.Assets turnover ratio [F1 to (A+B)] 5.56 38.082 (16.340 0 96.723 (78.Trade Debt as % of sales (B3 as % of F1) 4.10 8.738) 440.726 130.Financial expenses of which: (i) Interest expenses 7.092 5.063 508.333 0 0 23.Return of equity (F7 as % of avg.123 83.051.90 96.821 0 0 0 222.819 32.Capital work in progress 2.775 330.877) 1.643 0.424 6.Contractual Liabilities (G2+C1) H.337 265.882 680.674 332.34 1.230 129.875 - 1.97 1.74 0.Other current liabilities D.256 (3.232 71.242 100.223 562./share) [(F7-F8)/No.09 -28.Operating cash flow to debt ratio [F11 to (C+D)] 16.Cost of sales i).798 2.75 21.399 0 0 0 22.578 188.011.Miscellaneous 1.590.52 0.70 0. wages and employee benefits 6.065 28. Subscribed & Paid up capital i).777 0 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.177 716.340 34.014 480.340 34.019 0 0 200.799 67.495 129.717 1.984 228.065 0 0 24.64 -0.837 157.Preference shares 2.984 1.Issued.Export Sales (Net) 2.652 53.676 28.Break-up value shares (Rs.504.Debentures/TFCs 4.781 (2.622 334.673 0 48.90 0.735 155.02 25.765 34.28 -0.17 3.376 8.564 0 1.00 9.17 0.569 192 742.577 841 619.402 601.30 0. of Ord.846 841 553.213 22.Net profit margin (F7 as % of F1) 15.290 439.137 34.329 44.Total capital employed (E+D) 2.347 248.682 39.033.880 0 557.819 17.471 9.57 0.Cash flows from operations 1.400 673.467 11.59 6.317 720.464 62.596 997.899 122.96 -11.Financial expenses as % of sales (F6 as % of F1) 3.524) 421.757 763 118 38.359 480.Long term investments 7.51 1.69 -0.363 0 1.650 100.051.262 0 0 906 1.776 338.889) 7.45 163.Net profit before tax 8.276 0 90.327 89.(A+B)] 9.828 0 148.740 34.99 96.264 12.491 0 50.401.785 116.740 0 (41.195 841 503.63 0.526.46 25.504 32.725 0 304.Trade Debt 4.333 440.83 98.499 187.401.040 349.Revenue Reserve 3.Key Performance Indicators 1.Financial Statement Analysis of Non Financial Sector 2013 Dewan Mushtaq Textile Mills Ltd.Return on assets [F7 as % of avg.00 -12.510.013 112.07 32.07 -9.329 57./share) (E/No.Total amount of dividend 10.421 122.121 22.622 35.22 -0.03 6.300 3.135 20.831 417.120 223.340 0 55.602 207. shares] 17.340 34.255 34.95 3.90 1.703 135.065 (11.Selling & distribution expenses ii).305 334.018 50.564 1.Current Liabilities (C1+C2) 1.97 34.Cash & bank balance 2.823 1.425 (5.844 18.775 4.Operation: 1.134 312.439 304.51 .690 28.14 9.343 23.Capital Reserve ii).Cost of material ii). E) 10.173 21.855 222.340 34.63 1.264 187.432 1.879 213.46 -0.19 4.

700 98.230.Administrative and other expenses 5.995 1.595.225.480.407 1.046 0 (536.735 1.59 3.759.00 2.982 (659.942 0 0 24.40 46 1.90 1.532 782.54 33.24 -67.Operating cash flow to debt ratio [F11 to (C+D)] 16.210.753.681 48.125.251 1.599 22.16 94.93 1.441 29.847 37.74 94.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.803 109.259 0 3.237 54.Cost of goods sold to sales (F2 as % of F1) 7.441.10 -4.196) 17.851 72.Current ratio (B to C) 6.404 0 0 96.231.077 256.Trade Debt 4.302 56.055.Other current liabilities D.689.727 379.Key Performance Indicators 1.29 91.Long term secured loans 2.274 3.507 0 0 257.366) (27.278.327 23.046 0 (119.81 296.56 49.430.576) 0 2.269) 768.382.103.73 -6.06 0.336 3.780 1.146 88.903 58.326.113 1.625 4.Issued.04 0.Employees benefit obligations 5.780 1.46 8.604 4.361 0 18.176 0 745.994 0 0 27.Sales i).Total amount of dividend 10.70 2.Short term investments 5.87 0.Return of equity (F7 as % of avg.345 0 154.574.351 3.046 1.021.822 925.628 527.211 115.Miscellaneous 1.40 0.83 31.644 3.808 4.Capital work in progress 2.Inventories 3.78 0.687.038.367.046 135.32 3.Operation: 1.936 671.239 563.42 -1.599.370 802.519 10.863) 18.753.467 498.85 20. of Ord.Local sales (Net) ii).648 216.722 (225.428 177.160 4.070.515 (548.844 (97.180 2.Total capital employed (E+D) 2.00 -17.Current Liabilities (C1+C2) 1.681 0 0 28. Subscribed & Paid up capital i).252.38 0.560 1.Preference shares 2.Return on assets [F7 as % of avg.339.989 285.276 (116.615.760 3.009 81.06 0.925 19.774 2.871 0 272.80 0.386 1.518.17 -0.503 216.39 .Capital Reserve ii).113.582 143.Debt equity ratio [(C+D) to E] 8.577 135.688) 3.229 122.989 115.94 0.896 867.95 0.503 260.825 1.885 1.876) 4.Cash flows from operations 3.457) 154.Shareholders Equity (E1+E2+E3) 1.675 (233.351 0 0 282.461.Revenue Reserve 3.070.184 3.Intangible assets 6.308.278.31 -1.064.184 2.Other non-current assets B.737 19.77 107.Ordinary Shares ii).025.14 41.881) 1.Current Assets (B1+B2+B3+B4+B5) 1.692 0 0 108.58 0.520 2.786 624.867 0 (58.130.714.284.175 1.Total value of bonus shares issued 11.06 11.190 2.Selling & distribution expenses ii).105 6.01 -50.33 9.58 1.254) 84.483 4.853 3.970.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.288 1.672 3.085 3.928.77 -336.Earning per share after tax (Rs.Cash & bank balance 2.88 2.455 3. A.936 2.10 70.49 0.381 119.877 122.730 516.Acid test or quick ratio[(B1+B3+B4) to C] 2.Total fixed liabilities (D1+D3) 3. G1) 11.154.41 -146.199.046 0 (193.Cost of sales i).381.930 823.194 10.958 2.538 2.092.654 2.271 0 82.77 -11.922 3.Net profit margin (F7 as % of F1) 15.856 5.458.264 554.185 24.904 202.88 0.254.001.076.287) 12.046 0 (116.621.Export Sales (Net) 2.366 1.046 135.803 1.Financial expenses as % of sales (F6 as % of F1) 3.105.905 3.Return on capital employed ( F7 as % of avg. shares) - - - - - - 1.354 31.212 782.287 2.Financial Statement Analysis of Non Financial Sector 2013 Dewan Textile Mills Ltd.210 1.54 -4.956) 3.494 3.05 2.47 -1.Other non-current liabilities E.08 103.Assets turnover ratio [F1 to (A+B)] 5.Tax expense (current year) 9.418.479 199.600 1.802) 819.Gross Profit 4.925 31.018 0 0 G.046 0 815.662 3.540) 0 1.Financial expenses of which: (i) Interest expenses 7.75 1.934 4.96 1.42 33.515 3.093.325 3.156.766 9.046 135.54 -3.641. shares] 17.Trade Debt as % of sales (B3 as % of F1) 4.962.423 43.26 1.578 47.802 0 191.942 28.460 176.157.276 0 0 29.994 (348.630 0 118.89 198.180 3.883 258.602.774 0.284.623 2.935 (212.417.627 3.426 3.02 -8.507 1.12 2.36 3.051 55.732 0 158.336 4.Other input cost 3.860 280.799.Operating fixed assets at cost 3.764 0 171.554 109.639 1.138 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.358 245.08 11.Operating fixed assets after deducting accumulated depreciation 4.695.347 15.60 0.121 280.22 1.Contractual Liabilities (G2+C1) H.592.666 135.Salaries. of Ord.230.15 3.Break-up value shares (Rs.43 1.66 1.924 1.944 0 406.033 47. wages and employee benefits 6.Other current assets C.832 380.92 32.59 -10.687.242 2.441.665 (676.660 297.011 1.52 -16./share) (E/No.917 1.808.922 4.525) 31.838) 83.180 3.Cost of material ii).22 0.03 3.General.59 1.007 37.156.71 8.943 1.857.57 -21.664 40.707 17.005.364 0 0 53.515 3.698.321 1.858 1.300 418.842 0 (230.574 111.552 4.Inventory Turnover Ratio (F1 to B2) 13.88 -16.581 545.Debentures/TFCs 4.579.174.087 18.488 (317.026 3.74 -54.394 153.Depreciation for the year 5.620 - F.826) (165.06 -25.242.621.Net profit before tax 8.880 67.928 450.046 135.90 1.Reserves i).046 0 (339.320) 135.35 0.227 0 15.232.176 950.551) 51.420.763 119.52 3.Retention in business (F7-F8-F9) 4.150 123./share) [(F7-F8)/No.426 135.39 -13.911.466 247.046 135.60 -390.195.187 2.74 99.046 135.87 -6.896 744.425 745.571 302.Dividend cover ratio [(F7-F8) to F9] 12.937.Long term unsecured loans 3.60 4.275 1.496.396 2.821 14.Long term investments 7.369 - 3.071 246.557 167.735 40.590.046.431 (423.815.666 135.450 2.041 498.743 3.582) 2.460 0 107.145 135.823 143. administrative and other expenses i).386 0 0 (44.295 65.443.265.907 1.620) 0 1.02 2.79 40.362. E) 10.901) 113.294.Non-Current Assets (A1+A3+A5+A6+A7) 1.005 559.750 1.Short term Secured loans 2.563 19.665 0 0 19.282 3.68 Items 2.91 -15.664 (65.04 -147.03 0.33 10.40 0.98 -1.(A+B)] 9.598.360 12.498 1.698.620) 0 (116.699 325.

437 1.965 0 1.742 72.65 111.Net profit margin (F7 as % of F1) 15.469 5.834 3.593.767 636.149 2.377.60 0.899.712.830 547.Miscellaneous 1.884.42 3.650.68 1.Capital Reserve ii).105 1.670 185.834 0 2.753 10.999 840.634 203.325 14.Financial Statement Analysis of Non Financial Sector 2013 Din Textile Mills Ltd.800 10.51 13.683 3.884 2.817 83.968 1.Key Performance Indicators 0.476 1.Local sales (Net) ii).073.565.878 2.17 84.Current Assets (B1+B2+B3+B4+B5) 1.495 3.599 559.110 2.09 -42.850.92 4.088 263.630 0 1. administrative and other expenses i).78 -16.102 1.530 307.377 1.569 3.972 78.39 -36.498 321.877 3.69 89.08 5.518.Employees benefit obligations 5.565.900 2.052 451.803.03 80.93 0.362 101.487 0 2.148 57.981 401.373 1.709 1.977 0 642.786 1.789.Depreciation for the year 5.846.Contractual Liabilities (G2+C1) H.474 37.82 0.830 1.360 15.184 104.961 2.147 83.82 4.207.19 1.Other non-current liabilities E.762 2.481 9.989.Long term unsecured loans 3.376 1.424 1.00 6.85 3.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.170.001.201 112.156 74.296.674 148.266 416.276.217 0 0 7.245 10.247 1.Debentures/TFCs 4.236 141.Net profit before tax 8.767 0 (188.988 85.367 10.87 2.52 1.799 7.47 20.93 59.008 1.06 41.Other current liabilities D.812 1.851 167.363 209.70 -43.178 1.963.Shareholders Equity (E1+E2+E3) 1.102.128.205.25 3.29 57.Total capital employed (E+D) 2.Sales i).041 185.Return on assets [F7 as % of avg.352.10 8.878 547.54 7. of Ord.Salaries.089 3.641 84.767.Return on capital employed ( F7 as % of avg.392 2.765 337.Current ratio (B to C) 6.433.423 - 3.340 3.654 891.714 684.185 233. A.008 48.511.Inventory Turnover Ratio (F1 to B2) 13.324.845.Operating fixed assets at cost 3.596.Long term secured loans 2.566.General.28 23.231.198.377 1.085 321.Preference shares 2.828 1.03 89.101.504.083 303.834 203.79 1.186 1.752 24.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.961 1.69 1.536 1.190 330.000./share) [(F7-F8)/No.229.186 200.055.714 7.Other input cost 3.786 40.376 0 2.Cost of material ii).765.242.742 500.303 185.775 82.21 Items 3.666 864.077 1.834 203.44 6.025 1. wages and employee benefits 6.463 196.345 170.021 0 0 86.254.Selling & distribution expenses ii).729 85.025 7.513.010.126 0.Operation: 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.597 0 303.130 2.36 13.988 4.754 1.86 .Total value of bonus shares issued 11.836.247 1.52 -1.496 1.053 396.659 6.20 1.Cash flows from operations 3.89 13.116 0 1.403 515.303 185.850 808.18 -11.362.65 2.586.537 771.099.11 1.36 76.58 32.643 6.878 0 0 98.733.975 4.44 3.397 159.506) 1.126.555 98.881 758.39 1.264 560.355 923.697 173.Break-up value shares (Rs./share) (E/No.376 906.897 731.567 1.508 1.577 382.555 114. E) 10.Capital work in progress 2.34 12.475.328.834 0 2.70 0.29 0.012 6.789 414.611 0 0 254.938 771.715 3.978.929 335.067.758 (833.Gross Profit 4. shares) - - 5.857 173.391 1.Current Liabilities (C1+C2) 1.840 203.269 1.Ordinary Shares ii).579 23.84 15.21 1.587 203.743.574.Debt equity ratio [(C+D) to E] 8.691 263.834 203.(A+B)] 9.842.86 108.895) 29.313.101 1.Assets turnover ratio [F1 to (A+B)] 5.Cost of sales i). of Ord.005.345 316.645 160.691.277.80 5.303 0 917.823 0 0 G.153.31 80.Issued.303 185.817 3.683.04 3.858 3.628.803 306.69 1.869 0 1.17 1.810 129.Financial expenses of which: (i) Interest expenses 7.Financial expenses as % of sales (F6 as % of F1) 3.35 4.514 169.030 (863.786.70 7.984 307.899.707 1.584.917 20.33 1.691.248 2.Dividend cover ratio [(F7-F8) to F9] 12.307.43 3.336.423.Earning per share after tax (Rs.68 13.37 4.Reserves i).Cost of goods sold to sales (F2 as % of F1) 7.895 115.471 16.51 42.092 54.226 1.448 538.05 102.47 49.48 9.99 0.348 187.984 3.Inventories 3.70 16.303 0 887.356.000 0 52.56 1.546 5.487 387.461 130.900 0 297.33 0.042 0 156.27 0.244 188. shares] 17.Long term investments 7.45 5.Other current assets C.Operating cash flow to debt ratio [F11 to (C+D)] 16.12 4.733 939.977 1.111 98.34 4.007 10.21 13.Cash & bank balance 2.872 1.073.548 185. G1) 11.713.57 8.16 78.57 10.266.043 40.63 38.489 4.640.569.701 0 0 49.569 (205.079.062.701 336.408 307.834 0 1.80 28.67 1.144.734.850 0 0 64.257.563.960 0 229. Subscribed & Paid up capital i).16 20.613 405.383 439.698 4.258 1.385 273.30 1.706 0 0 155.Tax expense (current year) 9.230.369 1.380.55 11.412 112.945 159.827 0 116.Intangible assets 6.587 402.829.Export Sales (Net) 2.11 31.079.052 165.35 1.221.778 8.035 2.991 0 1.682.683 76.Administrative and other expenses 5.983 0 332.087 1.81 0.545 1.725.357 1.Revenue Reserve 3.369.079 1.464 2.791.Other non-current assets B.Short term investments 5.120 3.Short term Secured loans 2.382 1.040 1.65 6.920 0 0 13.965 195.281 76.524) 7.397 1.893 12.198.030 0 0 75.975.Retention in business (F7-F8-F9) 4.Trade Debt as % of sales (B3 as % of F1) 4.125 2.738 - - F.468 0 1.314 455.31 1.492 213.055 925.729 53.786 0 263.358.Trade Debt 4.365 840.22 -0.37 1.303 0 1.066 284.932 2.Operating fixed assets after deducting accumulated depreciation 4.705 2.91 47 0.044.997.629.675 1.057) 245.05 12.86 20.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.462.Total fixed liabilities (D1+D3) 3.Return of equity (F7 as % of avg.699 36.377 2.478 142.212 132.Acid test or quick ratio[(B1+B3+B4) to C] 2.061 18.991.45 0.031.020.199 0 0 12.Total amount of dividend 10.398.51 4.

900 (27.Operation: 1.32 - - - 10.225 2.Salaries.Short term Secured loans 2.563 0 1.Cash flows from operations 148.796 0 0 1.Assets turnover ratio [F1 to (A+B)] 5.Capital Reserve ii).00 0.32 -9.276) 0 14.365 201 15. shares] 17.025 568 4./share) [(F7-F8)/No.774 0 3.Non-Current Assets (A1+A3+A5+A6+A7) 1.500 (36.030 159.Financial expenses as % of sales (F6 as % of F1) 3.01 0.581 0 123.32 5.68 -1.000 13.106 0 3.472 2.067 0 1.011 150.Dividend cover ratio [(F7-F8) to F9] 12.387 1.120 14.678 7.52 33.105 0 80.Current Assets (B1+B2+B3+B4+B5) 1.Earning per share after tax (Rs.555) 0 61.Miscellaneous 1.Other non-current assets 2009 2010 2011 43.798 0 2.46 -147.Employees benefit obligations 5.Short term investments 5.672) 0 63.241 10.79 4.Other current liabilities D. of Ord.63 -10.Shareholders Equity (E1+E2+E3) 1.41 -4.318 (3.Sales i).736 0 0 919 9.365 1.31 -13.418 7.Export Sales (Net) 2.404 0 203.Inventories 3.456) 13.335) 1.044 192.000 13.14 0.000 13.045 150.05 0.468 (28.937 573 4.022 3.455 2.017 57.530) 41.000 13.513) 0 (77.722 139.30 98.11 98.133 92.024 0 4.00 2.662 3.646 9.250 90.93 103.Administrative and other expenses 5.469) 0 (81.455 41.248 46.860 416 0 (6.057 F.Trade Debt as % of sales (B3 as % of F1) 4.General.12 -25.000 0 (77.515 19.553 0 3.Cash & bank balance 2.215 0 206.319 1.656 127.37 0.903 60.Key Performance Indicators 1.01 -1.453 107 19 485 2.178 87.31 -40.042 62.Ordinary Shares ii).Cost of material ii).Retention in business (F7-F8-F9) 4.30 - - - - - - 31.287 2.92 1.Reserves i).133 0 8.806 0 1.250 0 10.659 0 2.Cost of sales i).(A+B)] 9.396 6.Issued.54 0.724 3.806 15.55 -3.688 4.94 1.000 0 (81.20 0.060 (29.00 2.26 0.216 3.Acid test or quick ratio[(B1+B3+B4) to C] 2.Current Liabilities (C1+C2) 1.163 148.Other non-current liabilities 0 4.Other input cost 3.563 15.039 0 0.599) 0 (76.220 0 9.70 0.691) 0 62.106 22.613 8.Debentures/TFCs 4.57 -19.553 28.768) 1.280 0 0 4.452 0 34.599) 26.772 78.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 - 58. G1) 11.Depreciation for the year 5.Total value of bonus shares issued 11.396 0 0 919 10.10 0.931) 13.387 42.33 -21. E) 10.115 0 75.185 3.Total amount of dividend 10.58 -2.277 0 123.551 58.05 1.634 13.691) 0 0 0 179.624 0 2.Cost of goods sold to sales (F2 as % of F1) 7.741 59.Revenue Reserve 3.783 41.Tax expense (current year) 9.744) E.56 1.19 -3.000 0 (76.635 8.37 0.530) 0 (82.495 8.Debt equity ratio [(C+D) to E] 8. Items A.035 33.Operating fixed assets at cost 3.00 2.51 -3.57 -8.168 1.404 206.653 0 (4.47 13.09 101.38 26.498 (2.78 104.437) 13.926 30.44 0.544 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.875 (28.922 0 7.834 1.31 2.54 29.789 3.Capital work in progress 2.032 - 139.81 3.79 20.82 4.468 (32.159 0 78.505 3.Trade Debt 4.037 71.Preference shares 2.459) 13.163 0 150.Break-up value shares (Rs.584 0 66. of Ord.52 -2.469) 40.Return on assets [F7 as % of avg.Contractual Liabilities (G2+C1) H.80 -3.Long term secured loans 2.68 -38.09 -3.Inventory Turnover Ratio (F1 to B2) 13.045 0 78.Gross Profit 4.Current ratio (B to C) 6.26 0.779 121.14 34.30 0.477 2.757) 0 (83.Other current assets C.Operating fixed assets after deducting accumulated depreciation 4.157 0 0 (823) 211.220 91.358 1. administrative and other expenses i).24 -0.000 13.18 -3.60 0.024 0 3.52 3.034 756 0 (4.06 0.Financial expenses of which: (i) Interest expenses 7.58 .845 255.Long term investments 7.040 2.555) 0 0 0 (220) 206.801 3.000 13.744 (4.215 211.Operating cash flow to debt ratio [F11 to (C+D)] 16.532 0 (6.Selling & distribution expenses ii).Total fixed liabilities (D1+D3) 3.00 2.015 43.668 0 430 0 61.Long term unsecured loans 3.178 0 10.000 0 (82.Net profit before tax 8.000 0 (83.962 88 0 3.Net profit margin (F7 as % of F1) 15.722 0 143.05 0.737 0 0 919 5. Subscribed & Paid up capital i).037 12.828 59.03 0.Return of equity (F7 as % of avg.199 747 0 0 G.586 0 (1.25 - - 1.627) 13.Financial Statement Analysis of Non Financial Sector 2013 Elahi Cotton Mills Ltd.04 0.228 0 0 1.921 10.40 0.Total capital employed (E+D) 2.94 0. shares) 48 0.513) 39.66 27.107 7.668 63.688 0 78.05 0.36 2.468 B.515 0 2. wages and employee benefits 6.011 0 154.28 0.48 97.244 0 0 1.Local sales (Net) ii).04 -21.61 -28.761 0 125.00 11.87 0.181 2.114 0 0 460 255.685 0 0 1.521) 1.62 -12.62 32.00 -5.932 162.42 102.037 0 14.298 59.183 0 0 1.243 112.145 98 0 2.06 0.000 0 (45.782 5.845 0 252.29 -22.757) 41.92 39.744) 13.212 9./share) (E/No.87 1.49 0.753 0 100.Return on capital employed ( F7 as % of avg.781 657 0 1.Non-Current Liabilities (D1+D2+D3+D4+D5) - 1.413 (25.Intangible assets 6.34 0.

842 464.12 116.670 3.958 0 0 12.032 1.Net profit margin (F7 as % of F1) 15.235 224.45 0.97 0.643 565.360 7.820 303.265 109.96 6.034.499 407. A.686 96.903 166.426 2.500 0 863.069 61.01 1.703 904.50 16.634.986 47.108 16.78 21.462 957.585 93.Contractual Liabilities (G2+C1) H.441.73 4.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 957.841.654 56.403 37.020 1.18 82.221 145.938 955.548 2./share) (E/No.285.712 3.182 83.339 114.Debentures/TFCs 4.675 84.875 202.721 53.752 566. shares] 17.772.49 4.025.414 468.938 1.074 3.144 113.089 895.559 4.057 109.298 432.760 1.47 2.409 589.512 1.Net profit before tax 8.58 0.Trade Debt 4.180 647.524 96.778 0 103.Assets turnover ratio [F1 to (A+B)] 5.694 0 0 15.146 367.906 0 0 7.14 2.Tax expense (current year) 9.015.92 37.500 0 479.Selling & distribution expenses ii).712 112.160 1.34 2.798.89 0.81 2.47 4.686 445.69 4.144 1.17 1.354 715.Local sales (Net) ii). Subscribed & Paid up capital i).38 8.203 886.694.086 16.93 9.059 132.Total fixed liabilities (D1+D3) 3.19 1.083 228.094 0 1.387 9.185.732 654.Retention in business (F7-F8-F9) 4.Acid test or quick ratio[(B1+B3+B4) to C] 2.500 109.760 351.Debt equity ratio [(C+D) to E] 8.Return of equity (F7 as % of avg.29 1.002.867 2.678 16.238 76.90 9.Total amount of dividend 10.958 286.991.10 0.Current Assets (B1+B2+B3+B4+B5) 1.190 262.250 70.760 855.76 53. G1) 11.39 31.116 119.170 200.250 791.51 0.317 566.138 1.765 7.Financial expenses of which: (i) Interest expenses 7.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Depreciation for the year 5.General.20 87.23 7.77 4.Miscellaneous 1.586 215.973 329.Key Performance Indicators 1.492 0 84.500 109.32 15.788 - F.67 89.581.Intangible assets 6. wages and employee benefits 6.087 312.23 4.02 1.929 4.710 2.00 6.90 5.722 97.65 28.24 8.151 137.84 0.612 903.500 109.956 2.009.21 2.Employees benefit obligations 5.013 1.Operating fixed assets at cost 3.659.567 273.594 13.39 2.Current Liabilities (C1+C2) 1.59 1.091 1.47 0.226.921 129.332 56.Earning per share after tax (Rs.Preference shares 2.179 184.028 2.403 2.35 2.Other current assets C.001. of Ord.959.94 3.00 85.54 7.Shareholders Equity (E1+E2+E3) 1.552 0 1.Inventory Turnover Ratio (F1 to B2) 13.Cash flows from operations 1.85 1.102 4.312 7.724 103.Operating cash flow to debt ratio [F11 to (C+D)] 16.066 175.Break-up value shares (Rs.809 0 116.477 223.409 88.686 94.726 379.639 407.90 1.041 1.754 340.592.756 154.565 214.528 913.471 210.406 691.48 88.552 4.548 10.35 14.232 8.12 6.500 109.771 140.355 0 0 5.203.281 109.588 105. of Ord.270.500 0 359.612 0 0 7.797 0 903.233 746.500 0 374.55 37.288 109.665 0 849.274.009 41.892 1.36 13.500 0 1.353 255.22 2.213 1.049 38.158 831. administrative and other expenses i).137 53.Export Sales (Net) 2.096 146.76 1.056 776.87 44.Other input cost 3.277 1.213 0 50.379 0 0 7.389 156.108 813.Cash & bank balance 2.760 472.667.223.153.82 8.Ordinary Shares ii).Other current liabilities D.207 0 0 G.Return on assets [F7 as % of avg.723 50.181 777.310 530.Total value of bonus shares issued 11.790 109.860 109.760 785.25 5.415 54.262 413.574.748 1.Capital Reserve ii).Capital work in progress 2.967 82.801.758 1.332.40 3.Reserves i).114 902.639 187.25 0.Salaries.605 518.325 0 406.304 844.259 595.302.015 2.Dividend cover ratio [(F7-F8) to F9] 12.Short term Secured loans 2.502 422.044.961 91.665 223.160.207 38.530 1.48 21.021 0 904.Long term unsecured loans 3.505 103.Sales i).83 18.69 0.229 4.251 476.232.875 933.920 200.557 7.750 0 311.104 45 98.027.781 7.01 Items 1.Trade Debt as % of sales (B3 as % of F1) 4.712 0 0 14.18 3.500 0 793.292 224.635 471.754 0 0 17.60 32. E) 10.648 76.427 367.497 92.Cost of sales i).099 86.910.19 2.532 41.923 124.812 109.559 13.93 5.Issued.005.356 923.858.532 850.665 91.23 0.(A+B)] 9.640 972.356 99.287 2.72 20.894 421.950 0 383.336 583.186.931 3.695 484.005 185.999 301.025 63.596 94.510 647.505 0 0 13.37 42.175.76 1.27 86.Long term investments 7.193.56 0.245 139.19 1.370 1.22 2.Administrative and other expenses 5.19 4.817 78.936 892.Inventories 3.33 86.89 2.605.107 0.725 1.119 0 1.470 145.Operating fixed assets after deducting accumulated depreciation 4.Cost of goods sold to sales (F2 as % of F1) 7.29 56.791.Short term investments 5.Gross Profit 4.14 7.23 5.921 1.860.Long term secured loans 2.34 1.509 949.52 0.005 0 - 2.Financial expenses as % of sales (F6 as % of F1) 3.Cost of material ii).Other non-current liabilities E.621. shares) 3.167.085 303.500 109.190) 1.878 894.578.42 32.520 75.26 4.500 109.03 0.Operation: 1.694 (4.366.74 5.837 396.677 5.623 1.687 0 2.82 0.252 0 0 7.986 689.Current ratio (B to C) 6.650 0 234.158 1.452.196 72.61 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.158.18 33.739 116.23 1.Other non-current assets B.Revenue Reserve 3.018 615.921 58.695 0 471.Return on capital employed ( F7 as % of avg.093 697.983 0 75.22 0.970 0 171.23 49 .844 603.82 0.Financial Statement Analysis of Non Financial Sector 2013 Ellcot Spinning Mills Ltd.Total capital employed (E+D) 2.006 267.04 0.945 136.928 75.145 1.01 88.600 0 894.254 1./share) [(F7-F8)/No.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.

522.12 1.33 6.22 1.063 100.659 27.065 0 1.332 813.320 103.000 100.081 177.58 10.13 1.513 3.601 13.787 7.Other current assets C.533 1.60 88.82 4.000 63.758.144 177.Other current liabilities D.680 6.780 2.943 1.086.159 6.(A+B)] 9.88 3.234 875.10 35.61 5.617 155.301 1.603.939.997.Long term unsecured loans 3.665.439.922 237.786 128.996 235.785 866.746 50.639 8.737.724 1.89 0. shares] 17.624.87 4.Return on assets [F7 as % of avg.30 5.99 105.948 0 134.Acid test or quick ratio[(B1+B3+B4) to C] 2.649 743.286.063 0 2.500 0 704.879 7.947 76.Operating fixed assets after deducting accumulated depreciation 4.76 23.54 0.50 8.743 222.770 1.824 121.800.271.077 35.477 0 0 79.513.063 2.181.73 0.000 100.97 89.652 188.668 334.Cash & bank balance 2.344 152.080.174 5.230.Capital Reserve ii).991 278.622 877.Intangible assets 6.202.Local sales (Net) ii).54 1.334 893.609 3.201 1.334 1.587.843 704. G1) 11.04 3.472 1.Financial Statement Analysis of Non Financial Sector 2013 Faisal Spinning Mills Ltd.000 100.554 1.708 154.994 317.31 0.284 2.65 1.000 37.300.260 5.586 1.766 264.625 3.015 1.250.725.Other non-current liabilities E.380 0 1.382 52.948 265.567 7.Revenue Reserve 3.511 1.328 902.Earning per share after tax (Rs.Total value of bonus shares issued 11.88 8.422 83.039.746 0 142.992 964.59 10.46 15.602 332.353.00 7. of Ord.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.953 386.Administrative and other expenses 5.372.06 7.000 139.220 380. Subscribed & Paid up capital i).Key Performance Indicators 1.603.000 100.532 534.000 80.005 9.826 1.014.91 0.898 0.General.002.Ordinary Shares ii).438.722.883 551.355.166 50.421 429.032 1.Sales i).112 355.592 0 78.000 0 957.368 1.34 5.294 2.000 G.294 14.699 335.229 1.294 0 - 4.911.73 3.000 85.534. wages and employee benefits 6.758 137.Shareholders Equity (E1+E2+E3) 1.Operating fixed assets at cost 3.724 184.20 6.000 100.640 5.747 1.64 5.430.990 1.011.40 15.237 0 380.555 260.587./share) (E/No.Miscellaneous 1.327 822.286 0 42.646.133 29.Trade Debt as % of sales (B3 as % of F1) 4.186 0 0 59.01 1.446 57.Current Liabilities (C1+C2) 1.46 103.Financial expenses as % of sales (F6 as % of F1) 3.569 333.488.94 8.Capital work in progress 2.970 1.Gross Profit 4.Current ratio (B to C) 6.42 4.504 522.Short term investments 5.514 50.19 143.000 0 50.000 0 2.276.063 450.945 2.24 5.386.000 100.850 243.870 164.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.43 17.875 2.214 307.60 36.33 1.57 79.58 1.Employees benefit obligations 5.Retention in business (F7-F8-F9) 4.000 0 444.137.763 211.248.000 0 1.414 8.380 100.83 10.858.262.840 380.800.Net profit before tax 8.367 0 230.404.330.888.411) 1. A.68 1.715 875.Cash flows from operations 3.06 7.19 1.01 90.Operation: 1.443.623.652 95.20 5.45 2.86 3.865 902.511 100. E) 10.596 225.805 1.872 9.322 635.294 100./share) [(F7-F8)/No.857 756.050 375.22 43.32 -0.573 44.450 0 0 64.089.075 223.679 235.000 0 539.Trade Debt 4.065 1.328 0 1.98 4.234.362 155.548.118 19.Total capital employed (E+D) 2.730 46.632 94.653 186.925.97 6.04 15.579 7.330 1.066 1.112 3.128 4.196 26.948 66.147 377.716 100.600 259.513 860.239 100.Other input cost 3.Non-Current Assets (A1+A3+A5+A6+A7) 1.201.045 6.034 99.23 26.674 3.033 2.335 121.138 7.24 0.421 101.42 86.871.253 190.353 1.Export Sales (Net) 2.19 66.Inventory Turnover Ratio (F1 to B2) 13.33 0.684.981 1.14 33.041 1.543 434.51 0.826.616.000 0 935.Current Assets (B1+B2+B3+B4+B5) 1.52 1.629 5.359 96.745.050 22.Depreciation for the year 5.988 421.Return on capital employed ( F7 as % of avg.Short term Secured loans 2.09 79.005.Reserves i).79 1.Debt equity ratio [(C+D) to E] 8.449 820.447 140.065 100.725 874.98 84.666.Cost of goods sold to sales (F2 as % of F1) 7.427 2.Assets turnover ratio [F1 to (A+B)] 5.005 3.219 78.311 445.33 2.164 3.509 4.Preference shares 2.Cost of material ii).118 173.534 1.Long term secured loans 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.154 0 286.547 74.035.92 0.273 514.684.415 2.Issued.342 0 189.Salaries.Break-up value shares (Rs.233 8.Net profit margin (F7 as % of F1) 15.Inventories 3.Return of equity (F7 as % of avg.16 8.498 77.Tax expense (current year) 9.162 37.025 0 447.450 248.826 534.969 1.20 0.380 850.144 1.473 310.086 291.Long term investments 7.924 0 337.22 28.854 39.000 111.80 7.205 33.00 5.241 0 191.299 397.000 0 (192.119 5.84 0.243.239 - F.781.798.090.465 356.241 2.794 1. of Ord.189.40 2.206.637 472.161.Total fixed liabilities (D1+D3) 3.893 319.Total amount of dividend 10.08 83.446 89.722.036 5.92 301.313.18 2.163.632.254 1.851 16.565 1.23 2.511 0 1.772.663 636.542 1.05 0.716 331.532 107.619 260.409 232.Operating cash flow to debt ratio [F11 to (C+D)] 16.367 75.41 3.856.000 0 1.72 50 .66 2.340.44 4.909 1.67 1.605 84.424 16 2.100.Contractual Liabilities (G2+C1) H.36 38. administrative and other expenses i).00 203.758.Dividend cover ratio [(F7-F8) to F9] 12.425.26 1.83 226.Selling & distribution expenses ii).22 4.Debentures/TFCs 4.000 0 295.21 9.734 181.459 2.395 161.709.064 95.075 2.30 0.740 1.28 0.477 749.25 7.13 Items 2.461.824 559.263.186 584.490 372.214 1.733.962 1.Financial expenses of which: (i) Interest expenses 7.458.353 0 559.504 1.057.599 2.554 0 153.218.69 20.Other non-current assets B.743 1.33 29.845 127.922 253.574 1.868 988.Cost of sales i).39 6.000 0 2. shares) 2.

459 760.207.514 84.764 1.Operating fixed assets at cost 3.848 2.25 97.61 2.140.728 4.500 12.527.545.766.237 94.09 -8.067 2.45 1.000 1.154 2.530.Revenue Reserve 3.797 550.99 .809.Operation: 1.094.74 2.Total value of bonus shares issued 11.22 2.Current ratio (B to C) 6.273 16.933 4.949.28 0.495.155 4.53 0.684.995.28 -0.Export Sales (Net) 2.543 51.Shareholders Equity (E1+E2+E3) 1.349.Other current liabilities D.257 360.368 1.817 6.069.000 2.836.106. E) 10.161 2.621 4.89 1.624.87 0.83 0.Tax expense (current year) 9.458.358 3.418 4.334 4.Employees benefit obligations 5.27 0.25 3.414 3.353.066.381 26.150 - F.921 435.895 12.000 0 7.543 17.17 1.633 0 526.985 2.473 41.565 12.48 207.089 6.529.752 2.708.825.877 0 6.606 204.500 12.26 0.405.794.434 1.746 27.952 15.817 6.536 19.892.Capital Reserve ii).223 2.540.701 3.Total fixed liabilities (D1+D3) 3.489 0 1.760.501.450 66.569.016 1.Financial Statement Analysis of Non Financial Sector 2013 Fateh Textile Mills Ltd.73 1.48 0.Trade Debt as % of sales (B3 as % of F1) 4.032 241.698 1.Ordinary Shares ii).624.100 1.082.134 0 524.971.14 80.589 51.820.213.24 2.354 2.Local sales (Net) ii).213 28.699.036.Retention in business (F7-F8-F9) 4.44 90.341 4.032.791.841 51.00 6.875 0 351.965 5.722 8.913 2.281 278.Debt equity ratio [(C+D) to E] 8.Operating fixed assets after deducting accumulated depreciation 4.818 7.000 0 7.501.06 162.359 782.473 3.Sales i).13 0.311. wages and employee benefits 6.250 0 (220.500 12.586.32 51 0.359 782.45 0.15 1.439 12.000 0 10.273 16.794 74.402 390.19 0.22 1.972.32 0.343 112.423.311 2.438 443.294 2.232 1. G1) 11.500 9.Total amount of dividend 10.271.747 5.139 0 (1.352 2.050.500 0 1.546.650 561.218 850.213 28.991 2.Miscellaneous 1.557 29.24 0.000 625 0 1.916 13.792 428.442.125.944 129.77 3.422 0 526.Net profit margin (F7 as % of F1) 15.Selling & distribution expenses ii).761.459 760.41 2.124 10.45 0.87 1.563 4.000 0 8.395 1.317 1.387 1.55 178.598 2.163 543.818 6.95 27.527 3.500 0 1.311.832 3.649.78 0.740 12.40 1.582 H.303.353.Return on assets [F7 as % of avg.282.801.311 2.921 435.248 69.257 360.Cash & bank balance 2.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.211.341 1.958 1.500 0 1.513 85.000 625 0 1.539.47 1.13 0.482 1.003.304 276.692 0 218.776 12.28 1.155 4.84 1.728 4.375 0 - G.645 95.398.394 18.848.13 0.223 91.000 0 5.205 1.187 85.582 1.271.818 24.07 80.549 38.Cost of material ii). A.Other non-current liabilities E.Cash flows from operations 4.772 108.334 4.719 2.87 0.Long term investments 7.Non-Current Assets (A1+A3+A5+A6+A7) 1.645 95.09 1.40 89.719 2.28 1.04 3.833 424.246.Inventory Turnover Ratio (F1 to B2) 13.24 1.87 0.529 2.126 0 199.263.583.27 2.722 1.Assets turnover ratio [F1 to (A+B)] 5.45 Items 4.108 37.311.124 10.500 12.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.538 2.94 8.32 1.70 2.500 0 2.13 0.Trade Debt 4.613 4.801 5.530.210 2.340 (12.140 115.613 2.833 424.021) 5.Intangible assets 6.000 2.458.982.04 3.591 1.633 0 526.692 0 218.045.850.398.084.Inventories 3.76 0.Debentures/TFCs 4. shares) 0. of Ord.814 4.943.20 3./share) [(F7-F8)/No.759 4.Capital work in progress 2.267.567 2.Total capital employed (E+D) 2.154 2.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 2.713 0 525.389 3.587.45 1.330 549.404 3.04 -8.08 0.318) 2.19 99.875 2.146.698 1.03 27.088.680.207.857 4.365 12.794 74.589 51.088 4.995 2.281 278.306.161 2.605 10.70 2.045.405.026 5.530.069.350.474 2.538 2.924.59 0.340 51.753.533.140.510 12.Depreciation for the year 5.992 1.776 5.073.93 22.Other non-current assets B.605 10.315 736.633.169.84 1.Financial expenses as % of sales (F6 as % of F1) 3.589 1.Current Assets (B1+B2+B3+B4+B5) 1.254 858.98 231.913 2. of Ord.246 11.760.464 3.Operating cash flow to debt ratio [F11 to (C+D)] 16.583.249 1.983.841 32.818 7.545.873 2.Cost of goods sold to sales (F2 as % of F1) 7.708.604 1.246.47 0.61 19.897 356.099 5.Short term investments 5.943.754 3.036.053 4.Preference shares 2.971.495.04 0.70 2.409 3.754 3.688 2.250 0 310.500 0 1.18 0.386.05 0.Other input cost 3.624.766 6.022 96.Return on capital employed ( F7 as % of avg.524.Net profit before tax 8.542 4.01 0.682.546.263.495. shares] 17.Issued.241 1.924.414 3.Contractual Liabilities (G2+C1) 4.45 2.565 12.Acid test or quick ratio[(B1+B3+B4) to C] 2.05 15.559 874.201 2.Reserves i).524.439 2.568 85.86 2.237 94.Short term Secured loans 2.178 57.767.385.Long term unsecured loans 3.527) 2.103 94.005 1.873.489 2.655 4.General.478 1.37 0.780 129.62 1.568./share) (E/No.05 1.756 1.76 0.684.500 0 1.197 559.004 2.42 1.636.06 0.067.628 3.402 129.772 108.833 999.55 178.826 427.Other current assets C.69 10.45 0.Break-up value shares (Rs.776 12.550 2.40 1.533.Administrative and other expenses 5.801.892 1.752 2.(A+B)] 9.249 1.258.478 1.943.12 0.833 999.Current Liabilities (C1+C2) 1.89 14.743 2.28 1.652 420 1.711.904 215.145.221 1. Subscribed & Paid up capital i).Return of equity (F7 as % of avg.103 2.499 4.434 1.091.116 1.316 0 296.61 2.500 12.Key Performance Indicators 1.650 12.Salaries.349.499 4.819 0 260.Dividend cover ratio [(F7-F8) to F9] 12.40 89.043.589 1.293 568.210 2.54 1.Earning per share after tax (Rs.655.989 426.Long term secured loans 2. administrative and other expenses i).527.574 39.Cost of sales i).211.17 1.412 1.164 526.Financial expenses of which: (i) Interest expenses 7.242 79.094 18.311.073.Gross Profit 4.352 2.016 82.62 2.500 12.

589 109.829.693 0 154.820.006 0 35.695 39.Short term Secured loans 2.163 0 58.957 0 29.679.692 0 0 1./share) [(F7-F8)/No.96 6.405 (138.025 6.445.113 1.731 933.192.183.425 3.06 0.Inventory Turnover Ratio (F1 to B2) 13.273 1.Tax expense (current year) 9.41 4.786 1.14 0.Miscellaneous 1.810 3.51 3.Retention in business (F7-F8-F9) 4.256.736.803 1.937.81 0.828 2.035.166 464.Operating fixed assets after deducting accumulated depreciation 4.Inventories 3.802 1.459.784 92.895 2.640 4.327.279 172.331.626 5.Intangible assets 6.279 933.687 5.167.905 594.293.310 142.091 769.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Current ratio (B to C) 6.17 0.18 136.880 0 0 809.63 145.798 4.491.637 760 842.884 3.871 919.683 1.769.736 6.Employees benefit obligations 5.08 7.Total fixed liabilities (D1+D3) 3.Financial Statement Analysis of Non Financial Sector 2013 Fatima Enterprises Ltd.757 0 124.32 35.639 3.863 526.23 128.629 39.988 2.41 6.Long term secured loans 2.Other non-current assets B.314 4.174 0 96.Operating cash flow to debt ratio [F11 to (C+D)] 16.Earning per share after tax (Rs.181.886.35 2.109 2.894.411 0 58.802 1.043.Assets turnover ratio [F1 to (A+B)] 5.105 121.55 0.693 228.523 1.310 142.575.649 79.193 261.693 6.Other current liabilities D.206.182.12 8.Export Sales (Net) 2.113 1.648 843.98 5.44 9.Non-Current Assets (A1+A3+A5+A6+A7) 1.77 0.Return on assets [F7 as % of avg.Cost of sales i).34 0.702 28.459 38.837 580.Cost of material ii).48 16.779 4.310 0 752.439 18. of Ord.459 46.994 1.016 142.780 0 58.911 3.997 (244.355 6.491 4.538.01 2.310 142.115 0 G.148 9.24 0.31 0.310 0 856.676.114 154.171 3./share) (E/No.024.961.68 70.43 7.149.83 5.899 0.541 2.445.271.531 797.21 3.007 477.407) 30.342.554 55.837 109.044.310 142.656 3.404 1.310 142.100 7.471 0 856.019 4. G1) 11.425 6.44 3.216 4.99 13.033 389 5.692.38 0.Cash & bank balance 2.060.372 142.32 1.459 45.Trade Debt as % of sales (B3 as % of F1) 4.310 0 1.65 6.931.310 0 990.70 35.03 0.436 5.Trade Debt 4.035.007 566.599.Depreciation for the year 5.03 -5.779 4.666 336 0 0 2.858 157.301.Salaries.562.791 933.080 2.155 0 58.648 734.Reserves i).452 0 6.Short term investments 5.13 5.253 208.51 1.28 0.288.816 1.889 7.249.Financial expenses as % of sales (F6 as % of F1) 3.47 -3.884 5.758 448.802 2.475) 4.973 607.384 (186.671 3.113 39.Current Liabilities (C1+C2) 1.Sales i).96 0.310 692.35 2.588.483 1.484 3.Other current assets C.Key Performance Indicators 0.(A+B)] 9.839 0 5.400.977.007 0 121.90 89.137 4.516 0 28.183 38.375.167.648 1. shares] 17.055 161.330 5.168 102.904 4.679.001 593.939 501.393 154.930 453.498.Issued.768 4.168. administrative and other expenses i).351.Gross Profit 4.019 252.403 8.Break-up value shares (Rs.Debt equity ratio [(C+D) to E] 8.066.286 671.564 163.232.006 3.274.962 0 0 970.393.816.568.113 (169.677 4.993 432.174 376.25 0.008 1.09 9.674.839.163 1.Selling & distribution expenses ii).66 0.669 332.90 93.106.15 5.05 2.Capital Reserve ii).890 6.619 6.329.Other input cost 3.104 498.369) 3.112.145 3.73 1.068.078) 58.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 3.31 1.900.410.035 999.539 5.814 736.785.601.Acid test or quick ratio[(B1+B3+B4) to C] 2.806 0 1.221 3.459 54.768.635 933.597 464.242 6.607 173.196 0 59.232.Return on capital employed ( F7 as % of avg.582 115.15 1.Cost of goods sold to sales (F2 as % of F1) 7.603.52 2.53 -2.923.189.872 1.324.336.993 0 102.897 142.305 671.014.648 971.693 5.779 F.114.379 18.Dividend cover ratio [(F7-F8) to F9] 12.173.803.329 4.54 13.160 933.88 92.253 0 35.19 0.939 522.675 597.271.17 2.310 142. Subscribed & Paid up capital i).675 501.654.310.301.Long term unsecured loans 3.64 -3.130 8.31 9.146 986.468 142.299 2.10 10.428 571.354.393.250 6.Capital work in progress 2.Long term investments 7.331.802 2.82 5.90 124.95 1.330.11 6.523 3.19 0.894.271.035 0 1.927 18.Debentures/TFCs 4.674.67 -2.Cash flows from operations 9.64 -7.868.660 376.275 4.70 3.631.679 47.283 18.00 4.Operating fixed assets at cost 3.301.27 .391 526.932 298.019 0 1.Total value of bonus shares issued 11.79 5.324 - 7.408.91 Items 4.15 -11.077 39.569.90 1.217 2.586 0 31.23 15.991 3.Net profit margin (F7 as % of F1) 15.576 1.314 464.Operation: 1.228 2.Revenue Reserve 3.153. of Ord.14 153. shares) 1.662 40.528 142.Other non-current liabilities E.808 18.436 4.820 3.856 176.997 859.99 3.541.159 50.58 0.93 87.693 1.257 5.334.Financial expenses of which: (i) Interest expenses 7.84 0.36 2.119 957.Return of equity (F7 as % of avg.Contractual Liabilities (G2+C1) H.560 1.619 4.310 0 861.735.21 52 - - - - - 2.93 3.087.243.377 415. wages and employee benefits 6.454 5.864.859.973 222.595 5.908.509 2.779 4.123 1.24 4.714 4.593.Total capital employed (E+D) 2.550.397 0 0 677.757 492.General.976.74 0.401 633.002 548.429 192.Preference shares 2.94 0.428 115.662 1.655.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Ordinary Shares ii).999.791.043.57 -1.610.214 0 811.626 4. A.881 67.452 4.065.667 49.779 3.723 1.Total amount of dividend 10.386 8.Shareholders Equity (E1+E2+E3) 1.05 3.127 1.017 124. E) 10.881 3.12 -9.263 614.40 7.85 92.461 5.962.038.161 142.12 0.851 - 58.145.Net profit before tax 8.189 7.Local sales (Net) ii).12 7.935 0 1.89 87.Administrative and other expenses 5.408 671.858 4.Current Assets (B1+B2+B3+B4+B5) 1.648 673.076 96.10 -17.887 1.111 3.188 1.331.

237 590.022 6.Non-Current Assets (A1+A3+A5+A6+A7) 1.021 93.47 2.Employees benefit obligations 5.740.447.418 242.262 12.625.184 4.523 - 3.638.99 11.Cost of material ii).552 187. wages and employee benefits 6.17 8.908.000 175.000 226.645.Total fixed liabilities (D1+D3) 3.011 2.48 3.776.Current Liabilities (C1+C2) 1.341 8.170.Issued.517.904 2.50 4.154 411.35 301.50 0.012.485.100 0 546.17 31.646.448 (130.916 473.Operating fixed assets at cost 3.330.Trade Debt as % of sales (B3 as % of F1) 4.533.55 2.355.391 9.31 6.402 6.28 5.Revenue Reserve 3.767.46 1.546.00 1.Reserves i).780 2.15 6.498 2.168 467.59 22.027.184.Cost of goods sold to sales (F2 as % of F1) 7.196.939 14.401 3.336 4.468 - 8.77 13.88 1.34 1.866.27 5.012 6.229.586 18.881 5.511.793 3.30 1.908 1.446 1.Administrative and other expenses 5.00 16.Other current liabilities D.632 707.655.54 3.Salaries.635 216.19 1.257 172.865 2./share) (E/No.731 704.444.Long term investments 7.110.552 187.869 1.134 1.Long term secured loans 2.Net profit margin (F7 as % of F1) 15.995.651 6.668 4.67 1.919.345.Gross Profit 4.Cost of sales i).169 6.828.Current ratio (B to C) 6.015.000 2.38 5.635 3.589 2.000 3.36 4.671.552 250.831.715 1.Break-up value shares (Rs.645. shares] 17.940 557.558 8.Export Sales (Net) 2.811 268.446.13 7.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.075 437.313.254 71.Return on assets [F7 as % of avg.22 85.653 0 0 746.859 2.876 1.714 474.893 3.628 1.103.071.888 406.616 2.081 0 0 56.Return on capital employed ( F7 as % of avg.616 1.69 292.977 5.941.56 2.488.221 1.666 3.888 12.224.108 28.619 1.568 437.457 9.735.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 5.299.610 6.188 0 882.587 8.256 937.644 2.749.049 3.091.750.928.Contractual Liabilities (G2+C1) H.76 15.037 273.97 390.622 2.645.593 5.149 1.937 2.025.774 6.628 0 961.019 1.54 0.234 35.General.383.56 7.192.407 132.200 23.25 207.835 45.99 5.35 0.214 1.Total amount of dividend 10.920 14.Other current assets C.31 9.049.952 5.23 2.048.552 250.329.984 897.265 1.04 Items 7.89 1.079 171.039 3.651.Financial Statement Analysis of Non Financial Sector 2013 Fazal Cloth Mills Ltd.370 3.122 0 0 99.95 1.076 157.075 2.921.404 25.Inventory Turnover Ratio (F1 to B2) 13.588 369.988 3.600.120 6. Subscribed & Paid up capital i).60 0.40 9.144.Inventories 3.114 7.75 0.932 10.573 3.510 6.Net profit before tax 8.158 257.31 5.247.422.759 217.552 250.47 0.053.186 266.822 26.526 724.145 3.956 805.036.499 13.179 752.398 5.001.717.329 1.117.831.666.425 2.092.091 739.705 1.97 1.Total capital employed (E+D) 2.552 187.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.263.395.09 0.552 0 1.898 179.241 943. A.88 1.444 11.583 8.Acid test or quick ratio[(B1+B3+B4) to C] 2.Preference shares 2.Shareholders Equity (E1+E2+E3) 1.880.695.269.953.098 8.180 11.76 0.17 1.732 8.860 7.492 5.027 401.542.135.483.069 16.890.651 934.967 362.362 191.19 86.697.502 921.375 8.688.Other non-current assets B.039 250.625 279.147 1.985.668.221 5.300 694.524 15.253.447 7.878 333.841 3.230 4.14 89.743. of Ord.207 115.717 4.410.081 369.455.588 12.78 0.491 2.62 0.033 4.779 286.793 994.473 141.107 127.79 2.622 202.222.122 1.820 2.961 4.610 4.218 13.Operation: 1.808 358.(A+B)] 9.18 29.Operating fixed assets after deducting accumulated depreciation 4.Miscellaneous 1.14 0.539 1.254 12.956 1.210.01 56.688. G1) 11.229.317.84 4.648.903 729.422 11.756 4.97 4.000 105.59 10.500 50.20 393.286 2.598 3.214.074 8.Cash & bank balance 2.246.056 1.526 37.414 0 0 G.636 6.683 2. of Ord.552 187.Debentures/TFCs 4.654.873 4.669.113.012.31 1.29 -0.Debt equity ratio [(C+D) to E] 8.56 212.352 1.558.625 477.572.586 5.952 77.284.573 123.453 883.000 4.620.711 187.789 0 0 85. E) 10.450.598 7.499.64 22.482 932.216 3.752.Cash flows from operations 7.763.23 85.156.014 62.116 24.Current Assets (B1+B2+B3+B4+B5) 1.Financial expenses of which: (i) Interest expenses 7.511.673 0 304.Intangible assets 6.26 8.971 62.050.Assets turnover ratio [F1 to (A+B)] 5.003.07 63.096 1.642 340.790.398 1.117.280.12 9.322 14.699 3.57 8.400 2.730 0 676.Capital Reserve ii).866.56 7.000 1.510 5.94 1.908 7.576 4.890 F.697 1.364 177.760.252.369 187.859.770 333.774.351.Short term investments 5.78 14.001.072 1.54 7.08 0.922.789 1.73 9.Trade Debt 4.01 46.70 8.097 1.687.466.084 9.Selling & distribution expenses ii).399 4.908.898 17.795 4.118 3.147 816.71 0.720 268.955 0 0 71.Earning per share after tax (Rs.000 3.817.748 2.892.342.361 2.237.Key Performance Indicators 1.826.990 3.044.88 0.598 0 2.063 467.Ordinary Shares ii).847.193 5.646 256.712 620.25 2.636.552 175.690 8.542.869 508.991 0.884.933.717.635.950.Retention in business (F7-F8-F9) 4.934 5.Capital work in progress 2.400. shares) - - 3.14 86.342.150 9.858 16.618.679 71.Depreciation for the year 5.38 5.Tax expense (current year) 9.Other input cost 3.710 0 814.192 3.09 9.584.102.650 162.Total value of bonus shares issued 11.687.037 6.176 1.165 5.802 5.24 2.753 14.304 261.46 8.808 16.052.38 6.445) 19.73 1.522 819.351 13.62 9.Local sales (Net) ii).992.09 53 .888.096.Long term unsecured loans 3.000 0 5.50 3.24 9./share) [(F7-F8)/No.73 1.64 17.395.597 1.491 2.190 522.Dividend cover ratio [(F7-F8) to F9] 12.343 20.361 3.687 9.447.473 0 0 48.470.265.260 156.533 2.Sales i).Short term Secured loans 2.032 121.Return of equity (F7 as % of avg.666.776 38.80 15.057 1.29 85.Other non-current liabilities E.955 775.Financial expenses as % of sales (F6 as % of F1) 3.504.383.441.257 437.136 2.015.Operating cash flow to debt ratio [F11 to (C+D)] 16.811 575.000 250. administrative and other expenses i).

000.Cash & bank balance 2. shares) 4.868 3.25 1.330 155.875 0 120.313 204.897 280.465 3.324.27 0.122 1.842 68.06 3.Ordinary Shares ii).52 19.125 0 (72.44 1.088.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.638 160.739.454./share) [(F7-F8)/No.023 0 0 0 46.160 1.90 0.054 27.707 2.596 86.Inventory Turnover Ratio (F1 to B2) 13.298.625.283 1.225.938 1.11 2.Debt equity ratio [(C+D) to E] 8.09 94.738.Depreciation for the year 5.Operation: 1.435 0 0 0 40.971 1.92 11.792 42.423 394.325 1.Assets turnover ratio [F1 to (A+B)] 5.663.416 1.Selling & distribution expenses ii).251 84.Shareholders Equity (E1+E2+E3) 1.Debentures/TFCs 4.304 1.64 7.Dividend cover ratio [(F7-F8) to F9] 12.583 63.633 1.079.119 2.79 0.385 27.90 26.991 827.27 4.598.412 89.01 3.804 3.Retention in business (F7-F8-F9) 4.74 280.Trade Debt as % of sales (B3 as % of F1) 4.864 89.053.904 47.531) 4.000 0 0 38.11 0.152 219.608 34.(A+B)] 9.704.710.58 3.Cost of sales i).285.24 0.626 59.781 18.75 0.916 9.644 575.111 132.546 301.Administrative and other expenses 5.Acid test or quick ratio[(B1+B3+B4) to C] 2.486.Long term unsecured loans 3.41 218.359 210.230 37.83 2.47 -0.18 2.656 34.546 3.56 13.693.193 2.664.931) G.70 9.118 1.Total capital employed (E+D) 2.777 1.815.000 0 55.298 273. 2008 2009 2010 2011 1.897 2.39 1.90 86.Current Liabilities (C1+C2) 1.414 1.875 61.597.075 59. administrative and other expenses i).897 69.500.875 0 658.05 102.298.741 2.197 1.613 1.56 2.20 4.315 69.351 55./share) (E/No.565 61.749 48.875 61.385.60 14.989.271 1.676.819 109.162 37.582.875 0 674.558 1.67 2.29 0.090 42.816 0 17.281 0 704.55 6.455 0 5. wages and employee benefits 6.34 0.788 1.60 9.000 0 46.611 673.82 92.948 61.052 3.325.069 61.133 1.184.636.175 2.41 1.361 1.529.General.697 0 571.819.33 3.313 1.966 1.353 38.547.Current ratio (B to C) 6.538.155 698.588 3.428 748.Tax expense (current year) 9.038.Return on assets [F7 as % of avg.18 0.387 34.853.036 4.698.Financial expenses as % of sales (F6 as % of F1) 3.00 1.875 0 1.313 441.303.305.67 87.573 447.90 0. of Ord.63 1.971 1.875 0 1.66 1.Intangible assets 6.100.625.064 H.58 0.075.362 2.Other non-current assets B.814 2.46 7.564.822 5.425 0 6.43 9.04 265.417 1.550 675.Operating cash flow to debt ratio [F11 to (C+D)] 16.70 91.94 Items A.05 118.180 2.818.23 23.154.895 4. Subscribed & Paid up capital i).217.909.101 336.933 1.921 19.06 116.Cost of material ii).082.581.Contractual Liabilities (G2+C1) 4.53 16.365 672.082.000 410.054 911.Local sales (Net) ii).29 10.976 0 0 9.445 194.140 61.595 1.315 47.085 34.169 1.461 139.521 30.910 2.04 5.82 -0.49 16.Other non-current liabilities E.382.393 299.75 11.Revenue Reserve 3.900 1.61 79.Return on capital employed ( F7 as % of avg.960 61.331 23.Operating fixed assets after deducting accumulated depreciation 4.780 2.Current Assets (B1+B2+B3+B4+B5) 1.970 853.Cash flows from operations 2.000 9.76 41.284.324.753 706.564.Surplus on revaluation of fixed assets 1.389 5.079.500.625 220.Long term secured loans 2.834 14.477 719.513 3.993 1.Financial Statement Analysis of Non Financial Sector 2013 Fazal Textile Mills Ltd.638 0 188.076.03 54.Cost of goods sold to sales (F2 as % of F1) 7.043 745.410 2.78 1.283.886 2.799.192 0 - 2.60 0.62 1.001 0 158.60 2.504 679.247 2.194 34.775 629.064 653.41 7.913 48.111 2.361 20.Return of equity (F7 as % of avg.126 162.Total fixed liabilities (D1+D3) 3.685.259 2.249.566 0 203.306 1.Short term investments 5.569 1.Inventories 3.60 64.259 1.29 1.Capital work in progress 2.Non-Current Assets (A1+A3+A5+A6+A7) 1.552 601.236.019 1.268 792.699 0 1.218 29.542 4.298.158 458.063.697 839.36 54 0.85 3.947 0 0 9.745 867.743.875 61.764 660.29 7.54 0.609.690 34.Issued.754 842.505 17.663.988 24.313 0.669 0 2. shares] 17.920.58 6.87 0.12 18. G1) 11.641.356.62 2.Other current liabilities D.61 - F.92 1.667 2.71 0.72 4.35 0.34 347.681 356.Operating fixed assets at cost 3.149.Capital Reserve ii).416 1.67 32.643.324 9.854 9.477 0 1.778 1.875 61.442.796 44.080 204.923 16.813 62.416 1.764 1.364 1.Salaries.Sales i).875 0 2.351.Employees benefit obligations 5.662 266.710.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.737 393.99 25.403 1.Total value of bonus shares issued 11.753 0.399.692.262 61.00 71.354.778 0 4.Trade Debt 4.210 0 91.971 0 2.16 18.325.969.307 2.319.918 46.828 1.876 0 283.296 103.073 - (Thousand Rupees) 2012 2013 3.668 1.24 9.885. of Ord.Financial expenses of which: (i) Interest expenses 7.659 2.Gross Profit 4.274 0 5. E) 10.258 1.40 .91 1.254.775.015.131 0 0 8.29 24.06 0.98 0.802 62.Total amount of dividend 10.993 1.610 501.830 1.289.Key Performance Indicators 1.890.522 214.032 735.928 1.900) (21.740 0 207.573.875 61.Preference shares 2.Long term investments 7.988 1.875 0 1.Reserves i).Break-up value shares (Rs.003.Miscellaneous 1.197.927.019.740 859.000.665 0 170.732.727 3.910.141 675.284 841.Short term Secured loans 2.235 408.506 0 297.991 2.39 0.483 61.Other current assets C.01 6.878.Export Sales (Net) 2.972 26.793 1.30 14.416 639.739 43.769.229 59.143 457.68 5.859 3.875 61.72 20.668 13.Net profit before tax 8.000 675.872 85.Other input cost 3.087.952 1.380 820.060 1.Net profit margin (F7 as % of F1) 15.Earning per share after tax (Rs.249 1.749 3.770.803 0 0 - - (402.861 120.85 17.842 22.750 5.416 2.696.

592.492 486.353.688 (92.877 30.080.65 -0.053.134 41.500 6.Total capital employed (E+D) 2.70 0.320./share) (E/No.82 0.166.670 1.Financial expenses of which: (i) Interest expenses 7.828 5.598 719.629 383.130. G1) 11.35 0.768 3.942 199.479 748.776.768.009 3.047) 638.898.Acid test or quick ratio[(B1+B3+B4) to C] 2.Ordinary Shares ii).28 0.415 5.Operating fixed assets at cost 3.12 7.76 6.602 753.815 229.723) - F.258.827 (218.70 12.542 2.646) 816.308 118.855 26.664.586.601 0 823.30 9.794 4.930 0 2.71 4.544.Intangible assets 6.975 216.896.385 413.768.487 816.073.48 1.78 5.785.769 5.886 24.459) 2.Export Sales (Net) 2.502.212 4.Other input cost 3.997 0 (105.410.951) 13.121 3.060 4.214.89 6.Total value of bonus shares issued 11.17 7.50 81.Trade Debt as % of sales (B3 as % of F1) 4.61 13.79 2.46 1.358 4.365.387.066) 568.403 - 1.07 1.General.441 871.Key Performance Indicators 1.874 2.123.623.449 1.144 269.259.663 4.351.47 3. A.199 168.208.040 13.08 16.908.Contractual Liabilities (G2+C1) H.51 6.752 357.Long term unsecured loans 3.Reserves i).609.222.215 758.822 0 578.722 4.223 1.672 0 807.548 63.Non-Current Assets (A1+A3+A5+A6+A7) 1.683) 301.347 49.42 12.802 1.Sales i).28 0.448.744 84.156 5.009 0 1.223 110.Short term investments 5.44 1.651 5.197 0 597.073 4. Subscribed & Paid up capital i).997 271.827.768.731.36 0.61 16.377.00 0.59 3.602 0 (1.661.900 677.930 1.23 81.484 G.476 979.090 1.749.728.00 -3.028 901.116.594.373 0 774.Capital Reserve ii). of Ord.721 283.143.46 20.386.372 3.51 0.046 568.Operating cash flow to debt ratio [F11 to (C+D)] 16.58 0.Gross Profit 4.644 186.Inventory Turnover Ratio (F1 to B2) 13.495 2.460 13.61 -0.941 112.552 1.263 248.060 4.998 578.39 1.252 606.231.030 964.966 0 (21.723.09 17.232 2.196 183.886 964.009 3.85 0.321.393 10.701 758.Current ratio (B to C) 6.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.053 0 0 0 0 4.244.618 1.295 486.19 -4.09 19.323 0 154.948 132.41 85.356 320.321 577.917 7.865.Current Assets (B1+B2+B3+B4+B5) 1.567 568.686.617 345.285 874.96 37.565.175 338.Debt equity ratio [(C+D) to E] 8.308 11.80 22.754.57 1.03 55 .260 5.Salaries.750 0 0 130.038 1.772 245.74 60.03 3.294 50.208 10 4.634 9.390 213.914 6.078.827 0 0 0 0 5.Other non-current liabilities E.640.644 1.97 0.52 2.663 1.484.014 0 0 0 0 1.380 2.518 606.504.132 339.471.719 74.60 91.301 2.68 80.100 10 276.397 841.Return on capital employed ( F7 as % of avg.009 3.91 0.827 795.663 194.138.92 0.009 0 418.300 6.605 103.602 0 2.053 568.48 0./share) [(F7-F8)/No.125.516 248.59 7.965.Shareholders Equity (E1+E2+E3) 1.Financial Statement Analysis of Non Financial Sector 2013 Feroze1888 Mills Ltd.518 823.824 1. of Ord.42 15.Return of equity (F7 as % of avg.252 0 0 0 0 6.932 1.599 6.714 795.Other non-current assets B.520 13.971 15.050 365.719.552 964.145) 11.Earning per share after tax (Rs.626 1.355 517.278.528 30.258 105.014 (6.743 4.523 3.Inventories 3.713 1.159 11.31 17.755 0 10 3.464.Selling & distribution expenses ii).73 3.272.371 50.500 0 0 (76.75 -0.618.11 0.719.807.63 1.076 0.692 10 5.Dividend cover ratio [(F7-F8) to F9] 12.Long term secured loans 2.81 0.64 10.747.520.631 17. E) 10. shares) - - 4.745.Total fixed liabilities (D1+D3) 3.986 0 (46.631 1.71 1.734 149.40 0.995 43.Other current assets C.053 (129.70 4.898 0 (100.547.733 22.242 44.869.459.666 3.221 112.39 -12.158 1.153 580.371.788 379.825 350.929 3.Administrative and other expenses 5.092.597 758.110 411.Trade Debt 4.Short term Secured loans 2.786 1.27 0.088 204.23 1.822 238.120 323.Miscellaneous 1.933) 12.78 0.971 126.500.134 405.85 0.64 -7.(A+B)] 9.40 1. shares] 17.Operation: 1.768.524 754.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.618 1.91 15.501.181 781. administrative and other expenses i).Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.771.197 0 1.419.152 2.869) 897.Cost of material ii).045.009 0 953.663 (340.Return on assets [F7 as % of avg.20 8.06 12.Retention in business (F7-F8-F9) 4.52 85.084 140.773 641.84 11.643.128.624 606.62 19.880 896.Cost of sales i).60 1.Local sales (Net) ii).995 269.18 1.456 1.19 2.249 17.791 3.886 0 0 0 0 4.66 2.Cost of goods sold to sales (F2 as % of F1) 7.Preference shares 2.373.855 4.080.546.444 719.338 473.Issued.86 1.Net profit margin (F7 as % of F1) 15.768.30 1.10 3.252 115.500 3.25 -67.60 3.342 2.802) 593.550 753.426 10 5.Debentures/TFCs 4.Depreciation for the year 5.Break-up value shares (Rs.230 7.Cash flows from operations 1.222 220.515 6.424 6.787.Operating fixed assets after deducting accumulated depreciation 4.367 16.831 1.513 149.02 0.Other current liabilities D.768.19 4.74 0.75 2.104.966 748.022 20.014 486.696 795.Assets turnover ratio [F1 to (A+B)] 5.90 Items 2.864.548 147.662 1.87 1.Long term investments 7.55 1.560 3.597.178.244.887 3.87 432.436 10 4.917.469 211.617 1.185.566.758 318 137.769.Capital work in progress 2.043 568.088.481 2.485 963.084 2.Tax expense (current year) 9.192 1.Current Liabilities (C1+C2) 1.Employees benefit obligations 5.404 1.103 7.312.616 301.Net profit before tax 8.03 3.956 149.Revenue Reserve 3.514 1.956 58.Financial expenses as % of sales (F6 as % of F1) 3.659 6.755 (659. wages and employee benefits 6.745 142.989 162.898 338.491 2.365.265 1.204.715 339.07 -0.684 10.Cash & bank balance 2.Total amount of dividend 10.069.253) 2.62 0.521 1.801.377 263.

267.974.375 0 4.786 44.40 2.125 2.955.820 1.375 0 5.431.673.375 234.710 0 4.15 20.951 2.Debentures/TFCs 4.352 328.437.968.Non-Current Liabilities (D1+D2+D3+D4+D5) 1./share) [(F7-F8)/No.974.804 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.149.192 3.125 1.027 103.464.66 0.06 -4.25 2.908 1.457 16.Sales i).576 1.240 4.86 1.456.584.914 916.28 1.638 3.161 710.241 275.918.375 234.072 1.835 103.067 5.112 257.56 .285 234.719 0 0 189.063 0 775.953 756.159.861 396.Net profit before tax 8.634 1.40 0.26 -1.429 899.678.Current Liabilities (C1+C2) 1.034 596.187 671.25 -14.03 1.260.Return of equity (F7 as % of avg.673 2.735 307.451.70 5.32 119.024 0 292.679.51 0.762 10.772 1.974 (344.120 37.69 84.06 53.224 3.717.995 5.677 125.Long term unsecured loans 3.Total capital employed (E+D) 2.82 9.Export Sales (Net) 2.Issued.286 902.902 0 4.711 27.392 317.290 0 0 997.54 4.919 5.56 0.538.213 2.997 546.487 12.Inventories 3.965 1.90 9.43 7.198.612 2.91 89./share) (E/No.349.335 672.63 25.375 0 259.840.266 646.801.743 303.29 24.12 48.172.13 1.191.Reserves i).462.713.125 5.Capital Reserve ii).Gross Profit 4.920.465 103.48 22.17 82.652 897.406.425 2.563 550.960 1.875 438.225.685 3.Trade Debt as % of sales (B3 as % of F1) 4.12 3.910 - F.331 1.739. shares) -1.26 4.18 6.304 2.422 18.804. shares] 17. A. wages and employee benefits 6.112.061 403.375 0 2.195 0 4.Other current assets C.32 84.673.063.127 5.71 0.95 20.549 5.590 0 1.358 5.560.055 5.873 1.208.612.049.604 257.201.425 2.946 434.215 6.375 0 2.922 6.028.995 2.810.130 2.695.719 967.140.756 2.General.006.275 28.934 25.594 0 G.00 -5.200.Salaries.606) 0 58.014 303.347 0 0 125.405 1.895 205.533 0 0 146.Employees benefit obligations 5.362) 2.161 0 0 100.226 3. E) 10.739 6.822 6.Revenue Reserve 3.857.271 171.469 8.075 8.917 4.Earning per share after tax (Rs.151.761.188.Break-up value shares (Rs.114 0 467.958 7.24 0.26 2.557 6.253 2.819 62.27 8.09 89.827.479.802.396.636.487 7.466 0 175.959 15.877.Cash & bank balance 2.715 186.714.590.76 263.98 -5.Net profit margin (F7 as % of F1) 15.125 221.571 147.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Total fixed liabilities (D1+D3) 3.019 234.380.Financial Statement Analysis of Non Financial Sector 2013 Gadoon Textile Mills Ltd.12 8.64 4.83 14.440 874.140.642.(A+B)] 9.30 4. Subscribed & Paid up capital i).69 0.13 2.200) 3.197 145.765 5.494.383.Cost of sales i).956.510 2.09 12.667 5.53 1.765 13.422 118.Total value of bonus shares issued 11.239.36 -4.15 3.317 7.347 1.144 550.741.72 4.557 281.819.898.236 204.911 (297.09 -2.169.375 0 4.Dividend cover ratio [(F7-F8) to F9] 12.698 426.Administrative and other expenses 5.756 4.266 293.890 1.37 -13.753 9.226 1.087.835.20 1.021 630.314.758 8.533 478.241.024.253 26.605.230.Other non-current liabilities E.Debt equity ratio [(C+D) to E] 8.818.133 1.625 2.951.340 0 6.222 4.395 12.961 2.Retention in business (F7-F8-F9) 4.368.534.887.Current ratio (B to C) 6.85 -10.028 2.638.079.375 234.Total amount of dividend 10.718.66 98.Long term investments 7.002.208.242 310.375 234.937 691.382 2.735 2.434 3.551 280.935.Short term Secured loans 2.Tax expense (current year) 9.Trade Debt 4.75 0.969 0 447.674 3.Assets turnover ratio [F1 to (A+B)] 5.605 480.444.051 5.Shareholders Equity (E1+E2+E3) 1.26 7.Local sales (Net) ii).93 0.803.Other input cost 3.560.544 4.29 27.221 62.Other current liabilities D.644 103.Non-Current Assets (A1+A3+A5+A6+A7) 1.587.24 2.357 3.806 338.68 9.210 234.668 0 0 74.765 831.04 92.57 204.356.214 5.Intangible assets 6.722 4.597 0 234.266.864 6.137.845 9.42 1.375 0 1.719 0 0 79.070 1.Return on assets [F7 as % of avg.16 0.072) 47.113.40 2.34 13.119 5.33 4.626 44.Cost of goods sold to sales (F2 as % of F1) 7.509 103.582 255.194.231 630.732 468.Operating fixed assets after deducting accumulated depreciation 4.552 0 457.453 10.Current Assets (B1+B2+B3+B4+B5) 1.72 0.827.552 1.624.676.729 12.296 8.74 56 3. of Ord.753.32 1.253 943.15 91.830.41 13.90 36.724 295.999 290.167.Operating cash flow to debt ratio [F11 to (C+D)] 16.402 234.124 2.297.527.12 6.87 0.310 745.534 0 0 12.152 6.933.687 0 164.358 29.65 1.93 0.Depreciation for the year 5.905 374.459.50 4. of Ord.828.40 1.246 185.683 521.813 7.16 Items 5.Short term investments 5.494 181.82 0.567.Preference shares 2.32 6.164 146.265 704.465 654.47 -5.418.73 57.303 819.18 1.840 234.Ordinary Shares ii).794.519 0 2.97 6.172.781 0 1. administrative and other expenses i).Miscellaneous 1.716.884 234.15 13.093 330.21 37.854.569.974 0 0 76.665 1.Selling & distribution expenses ii).204 83.46 4.300 6.Operation: 1.Return on capital employed ( F7 as % of avg.96 1.169.104.36 0.Financial expenses as % of sales (F6 as % of F1) 3.Long term secured loans 2.639 3.413 (132.Cash flows from operations 6.Capital work in progress 2.787 0 0 15.92 222.613 2.542 1.99 87.612 1.828.100 290.691 4.384 0 - 7.792 2.125 4.211 3.162.Financial expenses of which: (i) Interest expenses 7.117 1.125 4.369 26.Contractual Liabilities (G2+C1) H.578.23 10.942 998.Cost of material ii).677 4.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 3.267 4.007 463.Other non-current assets B.91 0.138.850.144 331.253 0 310.375 234.271 0.22 0.429 280.428 247.382 489. G1) 11.570.Key Performance Indicators 1.538 0 (191.468 3.679.063.Operating fixed assets at cost 3.585 9.541 139.577 4.375 234.003 620.633 897.051 5.871.Inventory Turnover Ratio (F1 to B2) 13.147.

53 0.516 332.743 0 37.11 2.98 26.794 124.00 -2.29 0.394 62.07 90.931.05 -4.53 0.282.Cost of material ii).378.580 256.470 0 (176.Cost of sales i).591 5.857.921 308.025.64 5.28 0.510 1.575 869.014 17.862.017) 48.726 3.870 1.646 448.39 97.999 0 24.356 326.717 152.612 0 0 G.940.697 1.Revenue Reserve 3.Export Sales (Net) 2.916 0 195.00 87.807 2.464 163.356 0 (208.294.Other input cost 3. A.461 0 0 129.775 1.847.012 1. G1) 11.258 0 0 5.90 10.968 326.145) 0 (233.Capital Reserve ii).356 326.178 73.108 78.402.688 74.144.503) 203.Acid test or quick ratio[(B1+B3+B4) to C] 2.352.417 1.771 1.359) 3.485 2.Miscellaneous 1.23 5.448 125.851 205.412.54 0.Tax expense (current year) 9.093.Long term secured loans 2.540) 0 (296.435 1.060 771.546 (146.22 2.089.356 0 (460.24 -62.Issued.133 376./share) (E/No.799 1.Financial expenses as % of sales (F6 as % of F1) 3.366.856 83.07 47.478) 1.792 1.254.450 1.Ordinary Shares ii).08 7.342. E) 10.48 0.525 (35.Current Liabilities (C1+C2) 1.202 994.16 5.Non-Current Assets (A1+A3+A5+A6+A7) 1.46 8. Subscribed & Paid up capital i).Inventory Turnover Ratio (F1 to B2) 13.164.040.19 1.955.383) 431.771 0 90.817 65.Short term Secured loans 2.374 676.884 1.145) 175.23 1.181.761 126.276.461 0 168.722 1.777 1.757 1.902) 0 (372.032.109 175.86 93.91 5.Return on capital employed ( F7 as % of avg.98 -27.501 0 313.118 1.35 4.371 732.366 1.30 791.029 262.540) 115.235 1.961 122.24 0.219 1.81 -76.521 75.175 906.Short term investments 5.501 117.406.Total fixed liabilities (D1+D3) 3.575 210.605 292.758 375.356 0 (296.54 0.46 5.928.Inventories 3.324 222.639 138.437 404.66 -5.578 1.Total amount of dividend 10.032 995.179 0 2.79 182.699 161.733 1.237 1.279 2.22 0.741 0 127. administrative and other expenses i).08 0.15 -4.978 297.16 4.632 153.827.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.095 (113.Contractual Liabilities (G2+C1) H.Trade Debt as % of sales (B3 as % of F1) 4.68 1.630 326.229 3.Other current assets C.229 5.64 4.187 149.976 127.901 1.724) 14.355 326.815.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.504 363.49 4.952 1.232.114.767.37 0.488.Trade Debt 4.91 2.19 1.798 1.697 1.335 290 582.826 124.915 43.20 0.313.369.650.18 2.508 313.Operating cash flow to debt ratio [F11 to (C+D)] 16.838 811.Other non-current assets B.590 2.636 0 188.Financial expenses of which: (i) Interest expenses 7.340 4.463 175.47 -1.72 -6.824 133.857 69.356 326.252 291.Return of equity (F7 as % of avg.985 3.Cost of goods sold to sales (F2 as % of F1) 7.Employees benefit obligations 5.27 2.546 936.Sales i).770.573) 0 (590.887 253.884 2.747 1.566.119.13 0.617 1.Net profit before tax 8.24 7.59 5.125 345.85 3.041 4. of Ord.81 4.21 2.07 -4.Total value of bonus shares issued 11.89 0.038 1.056.Current Assets (B1+B2+B3+B4+B5) 1.336 122.23 1.690 113.555.359.Long term unsecured loans 3.273 985.Operating fixed assets at cost 3.573) 228.394 754. of Ord.06 3.112.888.12 Items 2.89 5.423 1.Return on assets [F7 as % of avg.335 1.184.917 0 0 12.08 1.564 66.474.75 19.33 0.886 87.202 2.565 161.806 518.621 733.23 2.Earning per share after tax (Rs.933 0 33.356 0 (372.452 157.715 100.422 1.923.21 -8.40 3.194.Depreciation for the year 5.356 326.05 5.366 0 191.366.177.012.356 326.690 3.684 182.934 150.387) - F.22 -0.567.069.96 1.335.85 24.025 247.151.11 -4.381. shares) - - 5.96 93.Assets turnover ratio [F1 to (A+B)] 5.830 5.Total capital employed (E+D) 2./share) [(F7-F8)/No.336) 757.922 1.530.58 6.402.38 9.36 19.902) 140.082 889.076 2.379.039 182.743 0 793.44 2.Salaries.900 1.Financial Statement Analysis of Non Financial Sector 2013 Ghazi Fabrics International Ltd.535.943 123.587 1.429 158 2.506 363.422 3.076 211.194 226.636) 15.952 1. wages and employee benefits 6.371 19.081.636 0 268.986 2.838.667 0 91.634 49.395 247.435 156.28 34.289 0 28.Preference shares 2.903. shares] 17.84 3.Current ratio (B to C) 6.Debentures/TFCs 4.035.543.83 1.047 0.039 0 0 5.037.356 0 (590.09 1.Retention in business (F7-F8-F9) 4.10 -5.326 1.(A+B)] 9.765 1.Selling & distribution expenses ii).922 13.Capital work in progress 2.989 222.130 32.608 1.308 243.Reserves i).610 181.100.211.46 1.Other non-current liabilities E.300 757.454 56.165 38.998) 326.74 -14.157 1.General.333 1.95 2.297.690 145.918.008) 1.258 727.Cash & bank balance 2.335 326.82 88.311 4.553 94.943 0 0 12.399.409 5.373 0 0 (174.778.372 (130.Operation: 1.00 -5.22 0.326.434 77.792 1.45 .227 125.884 0 2.543 100.952 1.Dividend cover ratio [(F7-F8) to F9] 12.295 32.Break-up value shares (Rs.02 4.280 (161.225 2.762 309.972 1.654 7.282.650.Gross Profit 4.812.574 138.007.182 106.503) 0 (460.965 0 33.182 126.Operating fixed assets after deducting accumulated depreciation 4.567.Key Performance Indicators 1.653.Shareholders Equity (E1+E2+E3) 1.601 0 0 12.797 0 0 (222.356 0 (233.61 57 - - 6.Long term investments 7.24 -318.647 264.035 15.458.302 119.40 4.969 326.283 166.29 11.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.348.Debt equity ratio [(C+D) to E] 8.786 1.757 2.Cash flows from operations 2.06 -0.140 268.954 164.286 1.356 326.Net profit margin (F7 as % of F1) 15.Administrative and other expenses 5.263 1.389 189.519 - 3.Other current liabilities D.335 1.Local sales (Net) ii).804 1.088 4.535 (161.37 -71.Intangible assets 6.372 121.280 877.025 1.820 335.

340 0 355.302 9.Other non-current assets B.126 35.754 0 (23.181.402 0.30 87. G1) 11.536 0 129.Inventory Turnover Ratio (F1 to B2) 13.848 1.58 4.00 2.Depreciation for the year 5.314 55.494 433.Capital work in progress 2.240 58.68 0.45 1.79 0.808) 273.822 588.75 -11.919 492.977 740 1.126 809.251 266.00 -2.Capital Reserve ii).058 22.585 0 0 2.917 8.508.596.296 1.832 420.56 -2.395.Short term investments 5.51 2.Cash & bank balance 2.073 1.424 223.560 0 1.196 159.Local sales (Net) ii).770 1.523 46.708 0 0 3.56 1.988 100.Cost of goods sold to sales (F2 as % of F1) 7.134 49.Return of equity (F7 as % of avg.400 266.149 303.507 26.612 1.195 11.658 41.014) 419 0 0 82.491 673.50 1.57 0.360 46.26 3.08 26.579 292.73 1.27 8.71 0.Tax expense (current year) 9.400 0 93.808) 0 (203.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.032 39.925 189.389 131.34 6.689 0 0 5.050.400 0 (203.322.400 116.507 0 534.765 139.General.98 1.Return on assets [F7 as % of avg.61 -4.474 19.07 12.Other non-current liabilities E.44 13.889 815.275) 293.63 6.Current Liabilities (C1+C2) 1.106 2.Financial Statement Analysis of Non Financial Sector 2013 Glamour Textile Mills Ltd.46 Items 176.24 -2.430 434.354 359.182 159.Sales i).642 689.170 - 868.Export Sales (Net) 2.32 7.474 19.735 430.067 20.79 13.716 391.Revenue Reserve 3.254 0 37.52 1.81 94.417 352.08 0.802 0 3.311 39.145.073 56.555 4.64 1.437 1.389 568.735 247.99 3.593) 2.136 87.Net profit margin (F7 as % of F1) 15.274 88.Acid test or quick ratio[(B1+B3+B4) to C] 2.Financial expenses as % of sales (F6 as % of F1) 3.38 5.30 0.400 266.032 543.681 111.030.693 116.Operating cash flow to debt ratio [F11 to (C+D)] 16.40 -10.40 0.159 336.409 306.807 42.493 332.666 0 0 G.217 803.874 0 219.436 911.133 15.Operating fixed assets after deducting accumulated depreciation 4.Total amount of dividend 10.Trade Debt as % of sales (B3 as % of F1) 4.00 18.40 84.224) 306.03 10.Contractual Liabilities (G2+C1) H.940 (19.994 0 186.358 216.850.Preference shares 2.456 33.421 1.097 305.939 541.Long term unsecured loans 3.Current Assets (B1+B2+B3+B4+B5) 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.072.86 1.33 1. Subscribed & Paid up capital i).640 0 136.59 3.204 223.266 36.87 13.400 116.78 4.203 812.Administrative and other expenses 5.329 32.838 1.734 590.426) 0 (93.78 18.73 18.97 0.268) 359.979 266.270 332.51 3.513 264.128 282.619 1.436 128.796 0 299.493 50.847 275.007 49.Total capital employed (E+D) 2.583 116.483. shares] 17.127 14. E) 10. wages and employee benefits 6.426 0 344.599 258.Debentures/TFCs 4.Other input cost 3.Intangible assets 6.977 43.Salaries.846 0 0 118.596 - F.474 42.Ordinary Shares ii).305 300.775 88.451 0 316. of Ord./share) [(F7-F8)/No.560 0 0 2.185 66.280 2.04 58 12.503.400 116.Shareholders Equity (E1+E2+E3) 1.840 869.905 147.948 1.235 1.421 60.260 32.52 0.Debt equity ratio [(C+D) to E] 8.96 0.26 5.155.651 187.270 10.456.45 9.275) 0 (25.527 1.45 1.42 4.517 596.441 1.423 116.Miscellaneous 1.02 92.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Dividend cover ratio [(F7-F8) to F9] 12.89 6.797 35.802 0 9.396 23.32 23.292 614.Operating fixed assets at cost 3.758 209.07 20.Cash flows from operations 731.142 0 279.369 0 34.98 3.95 1.915.652 0 99.Short term Secured loans 2.62 1.802 215.400 0 (93.Other current assets C.Issued.Other current liabilities D.623 55.400 0 (25.Total fixed liabilities (D1+D3) 3.797 649.088 97.Current ratio (B to C) 6.69 11.400 0 123.Long term secured loans 2.226 490.33 3.132 663.21 -2.459 310 1.01 16.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 568.228 0 299.Employees benefit obligations 5.97 30.597 0 39.758 0 282.Inventories 3.540 52.742 8.580 146.Retention in business (F7-F8-F9) 4.993 212.306 17.845 21.409 0 123.28 92.Gross Profit 4.Cost of sales i).39 0.575 0 0 (79.979 0 49.Operation: 1.26 40.Net profit before tax 8.639 0 1.676 536.326 49.002 287.816 9.121 128.454 131.402 112.597 55.045 156. shares) - - - - 4.802 0 7.Selling & distribution expenses ii).482.515 74.415 100.16 -5.Key Performance Indicators 1.Earning per share after tax (Rs.59 -2.Financial expenses of which: (i) Interest expenses 7.68 0.875 147.426) 321.118 175.397 93.294 37. of Ord.309 0 129.897 599.139 8.58 -0.646 37.802 0 5.704 76.845 55.996 116.714 437.490 67.Return on capital employed ( F7 as % of avg.742 1.479 (23.65 0.400 116.920 146.991 574.75 6.Total value of bonus shares issued 11.09 2.499 275.Cost of material ii).433) 265.153 0 52.224) 0 (67.167.Break-up value shares (Rs.16 1.869 58.Long term investments 7.296 271./share) (E/No.515 0 135.890.201 146.807 642. administrative and other expenses i).358.58 29.82 93.88 11.946 265.21 0.(A+B)] 9.03 7.226 32.450 633.030 695.264 0 0 134.933 2.05 0.15 7.218 0 0 5.099.533 56.22 5.40 2.395 8. A.59 7.35 1.903 211.793 1.802 0 9.139 86.704.13 .14 -2.914 15.835 0 11.732 45.10 0.631 571.575 108.400 0 (67.Assets turnover ratio [F1 to (A+B)] 5.379 0 (23.83 0.11 0.Reserves i).86 2.602) 3.Trade Debt 4.076 2.491 88.

09 1.40 .364 56.592 48.621 46.Assets turnover ratio [F1 to (A+B)] 5.04 92.Net profit before tax 8.575 84.248 44.893 206.865 0 0 8.140 15.31 0.44 0.48 2. shares] 17.938 0 214.915 1.510 0 0 0 23.347 147.Long term secured loans 2.567 123 16.840 56.479 25.174 19.621 0 (38.00 -5.543 162.Reserves i).100 0 0 G.05 0.Cash & bank balance 2.Trade Debt as % of sales (B3 as % of F1) 4.356 12.996 43.374 577.Intangible assets 6.96 0.592 168.582 1.621 46./share) [(F7-F8)/No.047 27.441 1.Financial expenses as % of sales (F6 as % of F1) 3.Short term Secured loans 2.483 181.Revenue Reserve 3.85 0.Other current liabilities D.000 158.15 Items 389.662 0 60.Shareholders Equity (E1+E2+E3) 1.356 25.07 59 - - - 45.24 1.34 25. wages and employee benefits 6.016 3.715 0 367.51 0.55 1.Financial expenses of which: (i) Interest expenses 7.12 2.32 -11.Dividend cover ratio [(F7-F8) to F9] 12.893 371.781 114.Current ratio (B to C) 6.12 88.930 76.864) 1.58 0.773 0 44.525) 83.24 88.145) 0 (28.279 186.79 19.97 -13.590 14.740 0 81.646 0 33.62 9.07 0. shares) - - 1.814 27.610 60.Total fixed liabilities (D1+D3) 3.208 21. A.27 1.08 0.002 79.955 1.557 48.10 0.Local sales (Net) ii).28 37.Export Sales (Net) 2.Depreciation for the year 5.124 4.301 0 346.646 320.08 0.693 91.04 21. of Ord.713 70.102 12.621 0 23.35 3.247 46.556 166.495 0 18.112 0 0 4.66 1.Salaries.Inventories 3.92 3.02 -0.02 0.609 0 0 8.948 0 0 8.428 10.516 49.106 25.Financial Statement Analysis of Non Financial Sector 2013 Globe Textile Mills (OE) Ltd.48 3.986 3.271 238.343 194 15.376 752 0 0 0 29.082 75.832 106.882 0 0 42.491 51.Acid test or quick ratio[(B1+B3+B4) to C] 2.Issued.223 0 530.488 137.Trade Debt 4.Retention in business (F7-F8-F9) 4.594 776.Preference shares 2.402 776.660 91.142 119.942 5.681 45.Other non-current liabilities E.080 239.958 0 37.46 6.305) 0 (38.621 0 (38.621 46.60 2.43 1.676 160.119 429. E) 10.068 48.621 46.33 6.25 4.587 6.21 0.26 0.562 174.569 174./share) (E/No.Current Assets (B1+B2+B3+B4+B5) 1.55 28.Operating cash flow to debt ratio [F11 to (C+D)] 16.472 0 94.Debentures/TFCs 4.267 36.881 16.332 103.876 611.562 - 206.009) 16.31 5.Total value of bonus shares issued 11.Key Performance Indicators 1.002 752 175.64 0.674 11.18 10.Total amount of dividend 10.Long term unsecured loans 3.476 46.942 76.878 46.16 0.606 1.Contractual Liabilities (G2+C1) H.009) 0 (38.980 153.366 174.783 3.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.324 6.98 9.90 91.962 56.170 149.07 11.26 2.052 14.763 46.406 49.559 189.457 51.461 70.621 0 (40.77 1.35 15.Operating fixed assets at cost 3.706 13.281 23.008 79.Operation: 1.094 17.189 105.Gross Profit 4.Inventory Turnover Ratio (F1 to B2) 13.959 4.64 17.515 18.56 1.621 46.19 23.Return of equity (F7 as % of avg.805) 5.563 0 0 9.300 109.000 80.781 109.964) 320.46 8.Return on capital employed ( F7 as % of avg.Non-Current Assets (A1+A3+A5+A6+A7) 1.890 102.51 1.621 46.221 19.055 165.288 25.713 0 104.26 76.626 - F.78 -4.033 46.247 20.583 4.24 5.324 0 0 46.179 125.123 1.747 8.Break-up value shares (Rs.356 12.Cost of goods sold to sales (F2 as % of F1) 7.649 390.371 0 382.16 13.(A+B)] 9.283 2.59 1.005 12.626 0 0 6.805) 0 (40.12 0.892 25.60 10.555 110.40 0.907 3.416 10.83 11.Cost of material ii).542 (23.Sales i).104 79.177 1.960 0 (24.65 3.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 238.37 -33. G1) 11.221 130.08 1.178 0 377.194 104.005 105.76 0.Cash flows from operations 215. Subscribed & Paid up capital i).959 184.Other current assets C.822 5.979 14.33 2.155 104.61 6.38 4.145 149.Employees benefit obligations 5.Miscellaneous 1.816 46.Selling & distribution expenses ii).483 16.Capital work in progress 2.Long term investments 7.76 2.893 0 183.Earning per share after tax (Rs.67 11.455 378.83 99.662 0 405.84 94.718 0 0 0 21.164 8.998 18.305) 16.174 46.Cost of sales i).General.187 0 0 0 10.157 128.43 5.Other non-current assets B.353 916 12.Other input cost 3.98 2.000 157.36 0.821 28.Total capital employed (E+D) 2.64 0.94 0.19 4.654 72.326 82.588) 5.80 0.41 0. administrative and other expenses i).606 67.17 1.082 2.960 17.000 173.938 215.643 45.Return on assets [F7 as % of avg.274 23.654 (4.165 31.397 67.37 6.876 30.516 70.621 0 (28.Administrative and other expenses 5.660 56.575 92.223 577.Current Liabilities (C1+C2) 1.Ordinary Shares ii).31 1.631 51.570 0 0 8.496 0.186 23.Debt equity ratio [(C+D) to E] 8.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.16 2.40 4.491 195.Capital Reserve ii).699 11.419 22.237 564.225 611.145) 5.74 0.588) 0 (30.Net profit margin (F7 as % of F1) 15.476 136.301 390.621 0 (30.370 0 308.025 25.01 3.225 0 566.97 5.402 0 731.663 133.219 0 0 8.Short term investments 5.961 36.942 405.539 123.998 11.000 32.Operating fixed assets after deducting accumulated depreciation 4. of Ord.443 24.Tax expense (current year) 9.

226) 5.927 0 679.105 0 (35. administrative and other expenses i).Miscellaneous 1.604) 0 0 0 (2.759) 0 0.Debentures/TFCs 4.661 0 171.Salaries.Long term secured loans 2.570) 0 382.276 492.922 0 678.00 -69.18 23.Non-Current Assets (A1+A3+A5+A6+A7) 1.565 0 82.100 460.893 284 0 284 0 0 0 0 0 0 185.69 -12. E) 10.270 0 103.Dividend cover ratio [(F7-F8) to F9] 12.Operating cash flow to debt ratio [F11 to (C+D)] 16.479 0 5.Return on assets [F7 as % of avg.00 -8.Other non-current liabilities E.616 0 231.Capital work in progress 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Short term investments 5.709 0 (44.10 - - - - - - 0.148) 21.108 40.235 (24.871 0 533.616 0 298.441 0 164.664 0 329.Sales i). of Ord.376 21.664 0 298.664 163.174 11 0 (30.674 0 (204.17 -5.349 0 0 66.325 4 0 (35.Operation: 0 0 0 43.72 25.894 1.664 163. of Ord.160 603.00 -1.25 -6.General. shares] 17.97 228.43 0.401 23.87 28.436 6.298 215 0 215 0 0 0 0 0 0 462.045 0 196.353 165.207 0 329.20 -2.Financial expenses as % of sales (F6 as % of F1) 3.99 0.353 106.353 132.216 1.270 0 103.53 236.147 574 0 82.Other current assets C.17 183.61 30.12 -10.59 0.Total value of bonus shares issued 11.591) 0 0 0 (2.Gross Profit 4.Total amount of dividend 10.Preference shares 2.682 0 21.04 0.00 73.179 14.00 509.376) 50.168 185.742 0 0 70.02 84.045 0 254.326 0 83.27 -69.00 397.175 0 103.664 0 218.11 -12.Net profit before tax 8.67 Items 1.759) 0 0 (5.633 0 462.280 0 (30.709 0 679.207 0 274.Tax expense (current year) 9.743 3 0 (44.105 163.147 26.Other current liabilities D.885 10.483 299.Inventory Turnover Ratio (F1 to B2) 13.58 226.Total fixed liabilities (D1+D3) 3.35 -69.Long term investments 7. shares) 60 - - - - - - -19.286 193.Long term unsecured loans 3.778 419.276 299.90 -8.Inventories 3.90 0.Issued.852 0 679.Selling & distribution expenses ii).52 -6.95 0.Key Performance Indicators 1.684 33.Financial Statement Analysis of Non Financial Sector 2013 Globe Textile Mills Ltd.Return on capital employed ( F7 as % of avg.Net profit margin (F7 as % of F1) 15.16 -3.Revenue Reserve 3.762) 163.330 360 0 360 0 0 0 0 0 0 382.Capital Reserve ii).89 32.604) 0 185.280 163.391 320.362 0 679.Acid test or quick ratio[(B1+B3+B4) to C] 2.40 -6. Subscribed & Paid up capital i).Other input cost 3.985 0 22.894 0 7.Employees benefit obligations 5.Other non-current assets B.209 0 83.562 20.483 32.32 -1.226 (41. wages and employee benefits 6.664 163.Operating fixed assets at cost 3.Depreciation for the year 5.179 10.226 0 41.Export Sales (Net) 2.608 0 4.613 13 0 82.77 -2.Assets turnover ratio [F1 to (A+B)] 5.071 186.921 28 0 0 0 0 22.Cost of sales i).00 86.148) 0 0 0 0 (196.49 89.Earning per share after tax (Rs.Administrative and other expenses 5. G1) 11.13 0.Trade Debt as % of sales (B3 as % of F1) 4.633 0 0 0 43.985 (22.886 229.Return of equity (F7 as % of avg.159.645 207.Operating fixed assets after deducting accumulated depreciation 4.02 11.00 515.436) - 20.441 0 218.00 875.78 394.Total capital employed (E+D) 2.216) 10.Current Liabilities (C1+C2) 1.979 0 136.32 .483 (40.(A+B)] 9.661 - 0 0 0 42.937) 4.375) 171.376 0 42.721 0 (24.664 163.375 (26.06 116.171 0 0 64.674 163.346 163.Retention in business (F7-F8-F9) 4.537 0 0 58.664 163.937 0 32.Debt equity ratio [(C+D) to E] 8.Contractual Liabilities (G2+C1) H.Current ratio (B to C) 6.Ordinary Shares ii).Cash flows from operations (43.15 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.664 0 254.48 -2.90 -8.664 0 21.13 -10.303 365 0 365 0 0 0 0 0 0 417.41 -6.Reserves i).Intangible assets 6.Financial expenses of which: (i) Interest expenses 7.935 487 0 487 0 0 0 0 0 0 492.Cost of material ii).Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 603.00 -10.270 0 103.614 14 0 53.985) 7.56 0.133 2.937 (32.636 25.648) 0 0 0 41. A.41 0.00 0.483 0 460.Current Assets (B1+B2+B3+B4+B5) 1.35 - - - - - - 0.Trade Debt 4.376 (42.871 163./share) (E/No.570) 0 0 0 (2.479 1.00 -6.Shareholders Equity (E1+E2+E3) 1.608 1.35 -19.Local sales (Net) ii).Cash & bank balance 2.346 0 (196.856 41.998 0 0 533.591) G.709 163.Short term Secured loans 2.961 188.591) 0 417.470) 0 0 0 32.682 0 F./share) [(F7-F8)/No.232) 0 0 0 26.Cost of goods sold to sales (F2 as % of F1) 7.777 18.20 0.464 0 0 66.Break-up value shares (Rs.375 0 26.

376 657.411 55.76 10.Inventory Turnover Ratio (F1 to B2) 13.307 1.661 12.136.08 4.493 (355.009 479.688 883.743 13.148 0 (119.895 2.33 1.192 22.950) 1.29 -75.446 10.385 154.384 154.Net profit before tax 8.Contractual Liabilities (G2+C1) H.00 -8.Employees benefit obligations 5.371.495 339.283) 25.410 146.428 16.916 44.000 0 12.10 5.Short term investments 5.37 6.276 23.104.Non-Current Assets (A1+A3+A5+A6+A7) 1.000 - - 240.400 80.Current ratio (B to C) 6.345) 146.Return of equity (F7 as % of avg.693 404.290 0 157.82 0.54 2.054.000 164.353 694.020.Key Performance Indicators 1.084.121 57.498 362.07 1.820 46.Shareholders Equity (E1+E2+E3) 1.22 -20.Long term investments 7.227 9.51 3.Long term unsecured loans 3.Financial expenses of which: (i) Interest expenses 7.Administrative and other expenses 5.Selling & distribution expenses ii).Total value of bonus shares issued 11.Operating fixed assets at cost 3.206 158.813 69.691 69.954 33.296.96 0.87 13.301) 133.424 0 60.172 1.Tax expense (current year) 9.996) 53.333 1. A.273 355.203 84.204 332.Assets turnover ratio [F1 to (A+B)] 5.347 (1.950) 1.18 -105.Financial Statement Analysis of Non Financial Sector 2013 Gulistan Spinning Mills Ltd.14 -19.Depreciation for the year 5.Other current assets C.Total capital employed (E+D) 2.196.125 - - 58.662.466 235. of Ord.852 12.114 14.290 117.047 6.397.202 558.64 5.740 21.087.61 -865.04 7.422 0 12.661.121 85.922 0 0 (412.Current Assets (B1+B2+B3+B4+B5) 1.498 33.32 8.426 1.Dividend cover ratio [(F7-F8) to F9] 12.45 1.247 493.516 1.07 0.000 103.000 0 14.734) 25.943 9.440.028) 6.053.086 1.Cash flows from operations 1.516 0 40.980 (53.77 -355.180 1.Debt equity ratio [(C+D) to E] 8.04 1.310 (176.958 912.Short term Secured loans 2.845 38.89 0.411 166.642 121.90 0.296 176.04 7.72 -11.901 317.162 0 58.478 294.55 5.384.537.Reserves i).713 2.010 30.087 146.844 146.Financial expenses as % of sales (F6 as % of F1) 3.467 106.00 Items 999.575 1.478 324.Gross Profit 4.Cost of goods sold to sales (F2 as % of F1) 7.969 225.410 F.045 60.573 - 1.939 0 0 G.16 -21.548 236.015 0 13.32 0.549 2.000 0 17.Preference shares 2.Long term secured loans 2.57 2.80 50.Capital Reserve ii). administrative and other expenses i).251 24.Trade Debt 4.Earning per share after tax (Rs. E) 10.25 37.442 1.930) 10.912 98.183.80 1.410 146.52 0.475.Operating cash flow to debt ratio [F11 to (C+D)] 16.15 6.51 -0.551 1.248 907.000 0 213.695 1.540 145.734) 857.68 0.410 0 189.618 103.956 78.Operating fixed assets after deducting accumulated depreciation 4.165 (288.98 16.542.843 20.515 16.435 36.Other non-current liabilities E.573 110.657 419.55 16.864) 146.Capital work in progress 2.837 21.187.246 734.997 0 (299.982 1.11 15.General.475 25.231 594.338.(A+B)] 9.424 323.380) 1.237.62 0.142 279.000 207.715 174.Sales i).708 122.301 44.215 0.Salaries.879 785.80 -7.662 200. of Ord.40 28.131 1.66 4.838 1.916 470.651.410 146.25 177.399 144.24 -0.648 536. Subscribed & Paid up capital i).95 -6.457 0 136.Total fixed liabilities (D1+D3) 3.623 (118.48 -89.019 89.87 1./share) (E/No.055 58.102 66.202 468.182 82.01 0.963 2.869) 493.580 0 107.203 25.410 367.80 85.493 - - 103.898.232 0 1.884 46.602.106 148.24 5.410 353.980 419.57 -27.107 103.844 945.553 44.009 (1.00 83.25 11.100 0 136.23 -74.818 80.047 145.851.78 -68.485 234.000 (1.436.067.854 1.Cost of sales i).623 10.641 0 (115.09 1.028 1.22 -0.231 603.Issued.368.181.764 122.Return on capital employed ( F7 as % of avg.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.44 0.Local sales (Net) ii).670 (1.40 2.424 88.83 3.Cash & bank balance 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.321.710 8.Current Liabilities (C1+C2) 1.263 967.415 99.062.618 64.570 0 0 (447) 383.100 133.416 25.12 4.414 716.417 87.182 12./share) [(F7-F8)/No.523 1.615 523.356 84.06 5.309 1.914 5.Retention in business (F7-F8-F9) 4. wages and employee benefits 6.553 594.862 654.419 1.482 455.31 0.410 0 232.15 2.97 82.40 0.467 169.931 102.594 238.75 0.069 961.637.439 340.130 1.841 25.Export Sales (Net) 2.039.187 1.49 -5.226 1.000 110.161 9.Intangible assets 6.008 233.988 0 27.285 65.182 103.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.19 108.436.663 27.27 .Other current liabilities D. G1) 11.107 46.84 3.134 23.128 935.29 2.465 982.04 3.584.49 3.000 (1.312 1.855 204.636 14.Ordinary Shares ii).854 7. shares) - - 2.00 -27.839.Cost of material ii).04 1.979 - 1.667 2.595.75 1.435 0 773.067.693 46.312 467.135 150.548.657.Debentures/TFCs 4.Break-up value shares (Rs.269 1.173 1.Trade Debt as % of sales (B3 as % of F1) 4.253 - - (1.60 -96.166 633.Revenue Reserve 3.916 (110.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 571.756 457.835.033.424 25.369 44.622 0 9.Total amount of dividend 10.79 0.Inventories 3.918 92.Return on assets [F7 as % of avg.976 644.384 527.Operation: 1.454 154.895 111.395 974.756 115.13 0.975 48.597) 1.95 26.721 596.Net profit margin (F7 as % of F1) 15.582 133.Miscellaneous 1.63 11.283) 1.359.052 0 (1.410 146.886 2.641 0 131.13 1.42 61 - - 4.991 1.15 31.37 23.279 36.19 -24.440.82 4.26 29.663 343. shares] 17.810 0 1.869 313.867 25.02 87.050.776 662.215 398.Other input cost 3.24 0.120.53 -10.Other non-current assets B.935) 1.685 571.153) 603.

537 423.455 189.432.103.42 -0.691 2.000.189 0 156.837 15.757.Non-Current Assets (A1+A3+A5+A6+A7) 1.Short term Secured loans 2.475) 2.443.532 237.024.891.346 9.983 107.152.735.596.034) 21.348 1.209.507 (7.Other non-current assets B.427.113 97.345 18.Debt equity ratio [(C+D) to E] 8.683.451 - - 423.Assets turnover ratio [F1 to (A+B)] 5.839 189.293 0 629.124 115.96 -165.022 708.27 12.118.37 3.080.696 832./share) (E/No.069 2.22 157.161.270.459 1.37 0.318 79.342 6.89 1.004 1.Capital Reserve ii).681 37.25 -369.Shareholders Equity (E1+E2+E3) 1.593 12.173 112.69 0.768 56.29 -0.593 0 0 50.Other input cost 3.372 3.575 348. G1) 11.689 1.Key Performance Indicators 0. E) 10.585.776 25.047.Preference shares 2.Earning per share after tax (Rs.669.773 - (Thousand Rupees) 2012 2013 6.Reserves i).Debentures/TFCs 4.671 124.Surplus on revaluation of fixed assets 3.652.952.196.293 2.Trade Debt 4.106 1.Contractual Liabilities (G2+C1) H.00 6.445 6.997.Break-up value shares (Rs.04 19.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.821 1.61 12.545 1.48 3.Cash & bank balance 2.402 0.806) 1.518./share) [(F7-F8)/No.867 1.809 4.Short term investments 5.499.024 1.08 85.124) 379.839 0 2.Current Assets (B1+B2+B3+B4+B5) 1.471 (833.197.613 876.864) 5.Total value of bonus shares issued 11.Inventories 3.34 13.77 -92.108 736.Gross Profit 4.536 0 1.20 18.19 11.Operating fixed assets at cost 3.61 11.859.182 5.377 3.800.943 2.340.380.411.Intangible assets 6. of Ord.244 81.59 2.14 67.116 3.064 5.646 5.380.280.59 7.862.79 1.606 0 98.279.002 1.57 0.137 4.685 7.54 10.609 4.97 2.204) 5.66 -11.755 95.474 660.38 4.934 25.844 1.839 189.24 F.93 2.88 8.34 0.821 3. shares) - - 1.439 111.939) 189.Retention in business (F7-F8-F9) 4.084 37.828 2.882 (1.497.Sales i).33 1.925.474 1.380.800 0 67.724 5.447 628.348 629.049.872.318) 5.75 -13.098.504.215 189.General.001) 6.243 0 1.840 893.765 62.553 3.091 379.915 6.Total amount of dividend 10.266 302.821 1.896.Cash flows from operations 5.512.633 172.512 8.068 1.215 147.643 95.791 679.375 1.813 2.974 (9.08 13.715) 7.660.417.Financial expenses of which: (i) Interest expenses 7.12 0.Inventory Turnover Ratio (F1 to B2) 13.091.952.008.535.10 0.71 145.Dividend cover ratio [(F7-F8) to F9] 12.20 127.197.678.839 189.11 157.60 13.474.400.086.899 4.900 2.839 189.826 891.713 154.987 2.603 493.080 1.275.080 (7.28 0.563 18.04 13.437.(A+B)] 9.526 0 584.67 1.374.857.107.800 - - 66.419 511.17 0.680 0 1.Export Sales (Net) 2.361 350.062.658.96 80.222 5. of Ord.906 441.440 3.581 0 1.Current Liabilities (C1+C2) 1.668.433 33.707.080 (8.Other current liabilities D.298 0 0 57.27 178.21 -13.245.356 1.232.14 0.76 3.Selling & distribution expenses ii).977 8.Return on assets [F7 as % of avg.080.39 -28.689.03 2.049 3.647 7.Net profit margin (F7 as % of F1) 15.654.255 2.Non-Current Liabilities (D1+D2+D3+D4+D5) 1. wages and employee benefits 6.691 2.575.255 867.751 105.351 2.094 411.Return of equity (F7 as % of avg.949 3.04 82.192 (708.691 38.76 1.659 297.540 160.32 11.809 728.264.839 60.313.04 1.298 243.811.718 5.295 (2.279 824.884 359.Total fixed liabilities (D1+D3) 3.344.900 0.479.839 0 2.266 0 6.09 1.823 - G.755 6.95 -4.53 -0.93 1.518 3.Other current assets C.328 3.361 86.18 0.46 0.066.04 0.Cost of sales i).Local sales (Net) ii).Depreciation for the year 5.02 -70.625 3.101.Return on capital employed ( F7 as % of avg.532.81 144.28 1.Net profit before tax 8.85 Items A.828.Operating cash flow to debt ratio [F11 to (C+D)] 16.374 2.739 - - 542.87 22.278 1.116 3.540.513.646) 137.280.09 0.Current ratio (B to C) 6.Total capital employed (E+D) 2.Revenue Reserve 3.374 0 (9.517.294 5.272 10.358.150.843 42.377 89.Tax expense (current year) 9.382.389 708. administrative and other expenses i).071.226) 6.242 0 112.854 148.435 1.984 0 302.74 .540 0 2.088 466.47 530.570 332.196 6.601 28.678.347 4.999.666 6.311 (4.414 8.593 50.83 1.258 (1.449.011 534.445.782 521.537 231.Cost of goods sold to sales (F2 as % of F1) 7.940 (748.459 772.80 -128.659 5.638.581 172.91 0.42 2.353 4.554 8.488) 0 (1.897.168.071 110.137 3.080 1.268 929.278 535.23 85.879 1.909 152.86 1.689 3.704.277 1.542 27.Long term investments 7.488.021.150.07 -496.61 9.103.024 3.Salaries.892) 189.093.963.74 0.393.732.Acid test or quick ratio[(B1+B3+B4) to C] 2.063 379.831.624 9.544 3.Operation: 1.283 1.659.209.180.636 150.96 3.063 992.Financial expenses as % of sales (F6 as % of F1) 3.21 15.835 0 496.398.Trade Debt as % of sales (B3 as % of F1) 4.761 311.Ordinary Shares ii).313 160.379 26.Long term unsecured loans 3.914.07 11.080 1.152 0 0 (190.777 1.650.421 6.179 0 323.Employees benefit obligations 5.869 5.72 4.213 1.805 21. shares] 17.Miscellaneous 1.81 1.379 233.710 3.520 2.85 -43.649.249.Operating fixed assets after deducting accumulated depreciation 4.649.278 154.008.839 - - (7.133 0 414.Issued.818.202.394 106.428.411.779 5.06 2.055 724.877.461 4.543 0 17.371.43 -0.855 7.86 -869.729 49.163.Cost of material ii).089 8.521 5.741.Administrative and other expenses 5.505 53.Financial Statement Analysis of Non Financial Sector 2013 Gulistan Textile Mills Ltd.553 4.995 784.589 1.648 6.63 0.080 1.Capital work in progress 2.984 0 (626.694 4.963) 4.Long term secured loans 2.800 423.914 201.19 9.22 1.499 379.238) 379.285 - 5. Subscribed & Paid up capital i).477 (858.854.020 1.105.74 62 - - 4.275.19 -41.99 0.369 1.150.139.983 511.034.Other non-current liabilities E.210 150.146 275. 2008 2009 2010 2011 2.92 0.157 1.784 43.849) 238.765.174.610 0 5.680.477 2.

35 0.Gross Profit 4.019.950 95.85 5.14 0.480 371.760.766) 2.535 160.490 8.Return on capital employed ( F7 as % of avg.824 708.065 0 812.30 -0.Cost of sales i).91 1.150 2.749 0 (232.861 2.Net profit before tax 8.603 211.70 1.338 0 (65.292 219.Current Liabilities (C1+C2) 1.02 1.823 2.01 4.034 1.561.765.058.842.04 7.306 2.654.344 - 2.000 508.15 1.336) 2.719.638 602.636 (1.250 222.161) 316.72 0.887 41.834 62.924 35.73 1.801.570 0 16.611.94 2.157.450 3.22 17.905.489.Retention in business (F7-F8-F9) 4.088.78 6.374 459.Employees benefit obligations 5.094 40.881 3.250 - F.144 153.790 2.028 8.370 363.Return of equity (F7 as % of avg.552 838./share) [(F7-F8)/No.Return on assets [F7 as % of avg.008.Assets turnover ratio [F1 to (A+B)] 5.352 29.779 1.716 895.Current ratio (B to C) 6.965 458.000 0 30.11 1.80 51.250 222.547 18.862.081.813 2.491 804.560.587.Trade Debt 4.61 0.496 3.389 15.073.972 70.113 185.02 58.98 56. A.15 13.235.739 0 245.57 10.756 63.000 721.784 986.563.Trade Debt as % of sales (B3 as % of F1) 4.995 3.99 2.079 473.081 1.411.Debt equity ratio [(C+D) to E] 8.070) 1.Capital work in progress 2.802 161.613.31 3.298 1.Total fixed liabilities (D1+D3) 3.42 145.000 0 26.195 615.Cash flows from operations 2.26 2.524 31.485.725 222.271 990 2.360 2.22 11.47 18.983.958.610 184.778 3.543) 101.573.986.154 1.125 434.06 81.835 635.443.188) 3.908 0 225.Non-Current Assets (A1+A3+A5+A6+A7) 1.322 0 (2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.613.53 0.624. shares] 17.629 1.Operation: 1.908 2.100.913 670.Sales i).General.992 3.948.Operating fixed assets after deducting accumulated depreciation 4.736 1.266 2.660 438.862 4.348.48 -13.61 1.50 -17.Other input cost 3.807) 422.03 82.976) 1.903 527.851 208.195.372 0 574.601 344.649 1.599 0 91.149 383.221 1.042 192.820 111.803.042 (127.691 0 592.292 41.394 1.963 (2.494.04 -115.169 243.208 488 224.825.Other current assets C.Break-up value shares (Rs.114.Long term secured loans 2.597 0 75.23 -0.968.139 0 178.948.83 0.Capital Reserve ii).Tax expense (current year) 9.49 3.315 168.055 405.40 0.032 1.743 10.650 1.875 2.089 0 29.721 67.372 168.325 3.33 3.792 716.302.80 -49.260.044 0 0 (67.384.736 1.000 (1.533 174.946 67.Contractual Liabilities (G2+C1) H.806 1.25 0.Net profit margin (F7 as % of F1) 15.207 243.653 1.557.31 .22 14.233 251.903.197 3.46 40.345 134.Dividend cover ratio [(F7-F8) to F9] 12.060 22.02 8.08 -142.825 84.Reserves i).536 3.000 0 26.Current Assets (B1+B2+B3+B4+B5) 1.749 71.Depreciation for the year 5.20 -80.499 1.929 (92.431 323.02 -10.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.Operating fixed assets at cost 3.Long term unsecured loans 3.169 66.357 470.201 532.653.187.11 28.701 62.129.53 0.735 343.46 -0.05 1.Local sales (Net) ii).31 11.296 1.220 439.250.656 153 2.065 153.678 1.Shareholders Equity (E1+E2+E3) 1.142 451.66 15.655 222.805.509) 5.61 16.911 0 75.794 904.365 1.779 792.601 166.678 2.58 0.Other current liabilities D.663.858 2.963 310.64 -5.071 1.67 17.00 3.66 1.147.Intangible assets 6.040 1.915 G.930 161.043.80 -5.191.636. wages and employee benefits 6.000 0 24.959 1.56 4.29 -212.091 0 13.475 83.327.019 22.629 0 102.950 253.Salaries.Administrative and other expenses 5.838 222.079 68.207 66.Acid test or quick ratio[(B1+B3+B4) to C] 2.111 2.Debentures/TFCs 4.Miscellaneous 1.633 315.979 51.351 1. of Ord.348 728.396 2.748.355 4.209 185.141.970 107.478 502.405 0.30 5.625.339.29 -22.478 15.569 0 252.434 0 4.80 -4.21 9.667 1.715 13.Revenue Reserve 3.250.Financial Statement Analysis of Non Financial Sector 2013 Gulshan Spinning Mills Ltd.348 1.Issued.35 21.493 220.835 0 47.779 622.250 0 (1.23 12.019 250.Short term investments 5.006.Total value of bonus shares issued 11.487 1.63 4.764 775.612.678.677.172 2.706 540.210. of Ord.11 3.92 -0.232 1.686 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.897 204.380) 3.153.540.615 592.37 15.405 397. administrative and other expenses i).756) 2.Financial expenses of which: (i) Interest expenses 7.837 485.560 0 0 (170.416.05 63 - - 3.016 1.221 1.Long term investments 7.759.757.256 1.555 1.190 1.000 (2.Preference shares 2.567 (1.Key Performance Indicators 0.Earning per share after tax (Rs.203 412.Total capital employed (E+D) 2.727 192.521 37.26 Items 2.64 2.780 250.913.Other non-current liabilities E.Export Sales (Net) 2.98 3.636 0 261.895.92 1.554.569 653.254 102.24 1.Selling & distribution expenses ii).58 2.335 33.363.738.250 0 787.418 (230.944 66.003 17.96 79.(A+B)] 9.43 1.705 1.82 0.Inventories 3.19 1.173 990 2.324 1.879.533.445.59 7.96 0.677 130.206) 13.997 129.691 965./share) (E/No.09 63.820 250.069 13.385 68.907 770.943 0 4.128 3.Ordinary Shares ii).405 567.840 594.842 1.16 3.456 2.Inventory Turnover Ratio (F1 to B2) 13.814 111.019.443 97.Short term Secured loans 2.161) 2. G1) 11.079 - 3.677.000 593.172 4.Other non-current assets B. shares) - - 1.250 222.75 0.Cost of material ii).98 79.810 198.044 2.957 38.395 467.843 1.756) 316.439.209 0 659.233 66.122 125. E) 10.807.858 95.Cost of goods sold to sales (F2 as % of F1) 7.296.36 58.703. Subscribed & Paid up capital i).443.36 107.232 134.116 62.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.37 4.47 0.939 2.88 0.805.477 0 144.Financial expenses as % of sales (F6 as % of F1) 3.996 35.634.00 0.Cash & bank balance 2.319.786 99.Total amount of dividend 10.981 1.

423 1.000 12.465 0 0.374 3.61 2.Earning per share after tax (Rs.000 0 (108.071) 94.800 0 6.) Items A.25 47.Return on assets [F7 as % of avg.53 3.468) 0 (88.454 0 5.74 - - -0.73 91.Issued.920 12.376 2.00 0.131 86.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 - 5.Salaries.Local sales (Net) ii).19 -1.Non-Current Assets (A1+A3+A5+A6+A7) 1.87 7.447 0 85.025 0 - 1.806 0 0 0 3.849 90.Net profit margin (F7 as % of F1) 15.503 6.Tax expense (current year) 9.Current ratio (B to C) 6.Inventory Turnover Ratio (F1 to B2) 13.Return on capital employed ( F7 as % of avg.Contractual Liabilities (G2+C1) H.196 12.249 0 7.000 12.00 0.729 376.Capital work in progress 2.(A+B)] 9.43 0. shares] 17.Depreciation for the year 5.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.00 0. shares) - - - - - - -13.Financial expenses as % of sales (F6 as % of F1) 3.76 -158.000 0 (19.000 12.Long term investments 7.983 0 0 0 1.Intangible assets 6.276 8.810) 12.44 -1.962 775 0 0 6.64 1.151 0 171.01 4.871 0 3.888 4.Administrative and other expenses 5.Other non-current liabilities 0 0 (7.Key Performance Indicators 1.133 0 6.000 12.785 88.06 2. administrative and other expenses i).Financial expenses of which: (i) Interest expenses 7.997 0 172.26 5.Short term Secured loans 2.02 0.463 0 7.65 16.76 -6.Trade Debt 4.000 12.36 0.Cost of sales i).997 1.463 78.Retention in business (F7-F8-F9) 4.941 0 62.Short term investments 5.Debt equity ratio [(C+D) to E] 8.046 0 0 5.929 0 379.92 -71.01 0. of Ord.08 18.726) 93.Cash flows from operations 0 3.Net profit before tax 8.00 0.493 1. Subscribed & Paid up capital i).025 0 102.16 0.692 0 71.286) 12.764 0 0 - 0 0 0 0 0 0 0 4.Cost of material ii).087 3.00 0.000 0 295.Sales i).Operating fixed assets after deducting accumulated depreciation 4.000 0 (80.714 0 0 0 983 394 0 0 0 589 5. G1) 11.26 171.51 64 .071 1.Export Sales (Net) 2.370 12.Total amount of dividend 10.Preference shares 2.121 0 4.640 102.16 0.124 0 3.411 621 20 0 7.Other non-current assets B.423 0 173.000 0 (103.722 0 482 0 1.05 256.189 665 900 0 (56.933 0 4.62 5.87 4.61 10.237 0 0 0 850 7.853 0 6.853 73.395 12.726) 0 (103.000 0 (88.188 0 83.933 592 22 0 4.17 0.Gross Profit 4.77 4.Miscellaneous 1.478 1.286 1.501 0 78.454 480 18 0 8. wages and employee benefits 6.07 2.07 0.249./share) [(F7-F8)/No.094 0 0 0 0 0 0 0 5.411 0 4.Break-up value shares (Rs.533) 80.11 4. (Formally Hafiz Textile Mills Ltd.09 5.32 1.646 87.366 725 0 0 1 1.80 2.439 8.468) 81.015 1.838 86.276 71.Current Assets (B1+B2+B3+B4+B5) 1.921 0 0 0 0 0 0 0 6.680 86.Ordinary Shares ii).60 0.89 123.087 0 2.849 92.810) E.462 1 10.00 0.458 0 4.66 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.533) 0 (80.09 4.Revenue Reserve 3.07 0.26 2.03 - - 6. of Ord.071) 0 (108.32 - 0./share) (E/No.680 0 5.749 0 373.454 0 5.358 87.624 0 85.247 0 172.247 1.022 0 240 0 12.262 0 73.Operation: 0 0 0 0 1.489 0 0 0 0 0 0 0 4.57 8.810) 0 907 0 85.Total fixed liabilities (D1+D3) 3.Reserves i).374 10 1.272 0 228 1 5.133 463 6 0 6.Capital Reserve ii).598 0 0 0 779 7.95 20.Other current assets C.358 88.950) 0 0 0 0 0 0 0 4.206 2.316 (7.204 0 82.00 1.06 1.974 3.Shareholders Equity (E1+E2+E3) 1.000 12.Cash & bank balance 2.86 0.395 0 295.Long term secured loans 2.Inventories 3.456 0 236 0 307.277 0 463 0 (1.Long term unsecured loans 3.26 9.Operating fixed assets at cost 3.Dividend cover ratio [(F7-F8) to F9] 12.Non-Current Liabilities (D1+D2+D3+D4+D5) 2009 2010 2011 91.09 - - - - - - 0.55 0.Current Liabilities (C1+C2) 1.Trade Debt as % of sales (B3 as % of F1) 4.General. E) 10.385 0 0 0 1.121 630 15 0 3.52 7.Selling & distribution expenses ii).47 0.422 8.Other input cost 3.48 0.Employees benefit obligations 5.128 221 0 0 G.Debentures/TFCs 4.Return of equity (F7 as % of avg.705 90.321 0 2.Assets turnover ratio [F1 to (A+B)] 5.400 0 7.Cost of goods sold to sales (F2 as % of F1) 7.690 91.47 3.Operating cash flow to debt ratio [F11 to (C+D)] 16.Financial Statement Analysis of Non Financial Sector 2013 Hafiz Ltd.750 0 0 0 4.Total capital employed (E+D) 2.395 0 F.249 83.Total value of bonus shares issued 11.740 0 86.151 1.Other current liabilities D.

Employees benefit obligations 5.196 0 278 13.963 13.04 -7.Administrative and other expenses 5.76 1.51 15.686 0 - 45.Cash & bank balance 2.43 -0.Net profit margin (F7 as % of F1) 15.Cash flows from operations (8.517 0 (23.Other non-current liabilities E.94 -0.50 -13.Cost of material ii).750 119.106 805 2.66 0.476 1.Cost of sales i).750 0 (75.713 0 13.00 -1.92 -46. shares) - - - - - 2.621 0 21.839 167.757 (5.Total amount of dividend 10.972) 4.678 (660) 2.741 5.47 10.35 15.Return of equity (F7 as % of avg.20 -32.Short term Secured loans 2.873 21.953 1.Other current assets C.Return on assets [F7 as % of avg.Inventory Turnover Ratio (F1 to B2) 13.Sales i).096 3.Local sales (Net) ii).42 -19.204 0 20.08 0.Operating cash flow to debt ratio [F11 to (C+D)] 16.037 0 28.36 -28.000 4.Current ratio (B to C) 6.962 9.900 60.54 0.673) 0 (45.Current Assets (B1+B2+B3+B4+B5) 1.622 4.891 13.65 - Items 367.91 -1.11 327.44 0.884 188.318 22.930 125.078 3.96 -2.67 . E) 10.Other current liabilities D.Operating fixed assets after deducting accumulated depreciation 4.Depreciation for the year 5. A.587 1.330 210.10 -4.Financial expenses as % of sales (F6 as % of F1) 3.64 97.086) 40.896 119.953 122.655 0 28.77 0.852 0 14.74 98. wages and employee benefits 6.044 0 0 611 43.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 218.742 32.Total value of bonus shares issued 11.67 60.Issued.504 70.138) 0 (49.830 27.154 4.651 58 2.Gross Profit 4.017 205.43 0.12 0.22 -2.85 65 -43.Selling & distribution expenses ii).48 -3.587 0 2.Non-Current Assets (A1+A3+A5+A6+A7) 1.516 0 215 22.750 0 (45.Trade Debt 4.070 32.378 40.588 787 28.44 157.Capital Reserve ii).199 50.953 127.440 0 380.987 119.11 0.529 26.72 -36.750 (13.900 27.570 787 19.07 102.Contractual Liabilities (G2+C1) H.300 611 0 380.48 35.146 2.19 -2.724 433 1.Preference shares 2.157 780 764 (5.Net profit before tax 8.526 204.73 35.451 119.763) 0 F.744 119.457 70.Acid test or quick ratio[(B1+B3+B4) to C] 2.324 10. Subscribed & Paid up capital i).56 123.94 11.Financial Statement Analysis of Non Financial Sector 2013 Haji Mohammad Ismail Mills Ltd.673 (1.206 3.198 1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.256 62.Cost of goods sold to sales (F2 as % of F1) 7.505 6.366 46.24 0.431 45.Debt equity ratio [(C+D) to E] 8.11 10.Reserves i).168 353 4.06 -1.593 2.809) 4.Operating fixed assets at cost 3.Long term unsecured loans 3.46 10.263) 46.382) 2.750 0 (49.963 (13.750 119.513 119.697 9.891 (667) 73.181 59 19.911 0 27.445.948 22.829 1.779 45.614 6.338 43.04 -0.72 0.138) 57.12 -3.888 178.363 9.262 27.623 0 31.417 4.673 0 2./share) (E/No.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.16 -14.809) 0 0 0 (1.750 119.73 101.308 0 250.623 70 17.92 -7.Trade Debt as % of sales (B3 as % of F1) 4.46 21.168 0 2.82 168.266) 73.03 -0.819 204.504 0 79.846 0 0 0 0 0 0 43.Retention in business (F7-F8-F9) 4.987 0 (38.216 0 199 13.316) 60.Revenue Reserve 3.Tax expense (current year) 9.763) 0 (75.88 -9.07 0.Miscellaneous 1.461) 73.Dividend cover ratio [(F7-F8) to F9] 12.320 195.21 0.277 0 0 610 46.667 213.Total fixed liabilities (D1+D3) 3.146 - 0 0 611 52.General.921 18.825 40.322) 139 0 0 4.Capital work in progress 2.767 0 (5.24 4.144 119.750 119.266) 0 0 0 7.17 13.860 22.229 32.Earning per share after tax (Rs.906) 0 (50.Short term investments 5.953 0 40.53 29.72 0.352 954 873 (38.065) 163.750 119.673) 53.(A+B)] 9.294 0 0 611 58.750 119.741 211.97 -0.854 786 35.Operation: 70.44 1.03 -4. shares] 17.Other non-current assets B.Other input cost 3.20 -23.33 -24.Shareholders Equity (E1+E2+E3) 1.Current Liabilities (C1+C2) 1.761 31.10 -0.591 665 1.601) 0 0 0 14.106 0 27.76 58.98 0.224 0 253.762 0 70.908 73.046 21.67 28.963 14.251 50.38 3.73 1.851 128.343 3.697 4.56 112.320 79.763 103.750 0 (50.47 -0. G1) 11.Assets turnover ratio [F1 to (A+B)] 5.769 48.15 -0.Financial expenses of which: (i) Interest expenses 7.520 32.963 (5.06 10.Salaries.Ordinary Shares ii).621 141.82 -6.24 0.Total capital employed (E+D) 2.697 8.925 21.03 5.142 135 27.759 2.601) 48.154 0.11 0.376 35.037 (5. administrative and other expenses i).127 0 0 610 46.078 0 2.39 0.910) 353 0 0 G.901 204.Break-up value shares (Rs.906) 53.45 -2.911 27.45 0.900 0 27.376 125.797 212.545 59.Debentures/TFCs 4. of Ord.08 0.467 743 26.491 0 5.Return on capital employed ( F7 as % of avg.756 0 370./share) [(F7-F8)/No.576 1.750 0 (54.91 0.062 22.655 22.Key Performance Indicators 1.381 0 289 13.Inventories 3.491 218.750 0 22.24 3.Intangible assets 6.18 0.Long term investments 7.316) 0 (54.779 0 46.83 68.49 0.47 0.759 0 1.39 0. of Ord.14 -4.30 -0.253 (22.192 (388) 279 0 0 4.338 55.12 30.Export Sales (Net) 2.539 9.Long term secured loans 2.439 14.

563 1.446 504.98 0.464 29.Acid test or quick ratio[(B1+B3+B4) to C] 2.211.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.003 (43.Other input cost 3.326 0 0 G.Break-up value shares (Rs.240) 299.19 -0.337 297.348 136.177 183.Total capital employed (E+D) 2.500 137.958 0 1.967 (331.70 0.624 168.527 566.Operating fixed assets after deducting accumulated depreciation 4.49 0.313 (557.93 -23.500 137.64 1.448 0 1.31 1.Operating fixed assets at cost 3.962 0 853.500 14.795 578.71 0.146 0 148.500 137.328) 26.613 0 2 3.226 25.722 46.62 -3.140 98.07 -3.276 525.95 0.532) 132.696 6./share) (E/No.734 40.770 274.Financial expenses of which: (i) Interest expenses 7.953 14.524) 77.107 (58.851 1.31 74.300 295.007.941 (88.Ordinary Shares ii).35 -11.Long term investments 7.719 (48.Long term unsecured loans 3.147 443.Current Assets (B1+B2+B3+B4+B5) 1.Miscellaneous 1.65 66 0.General.211.82 26.43 0.573 363.712 507.698 3.582 45.250 340.Assets turnover ratio [F1 to (A+B)] 5.Other current assets C.13 0.406 393.281) 81.193) 5.993 (27.26 0.Short term Secured loans 2.276 18.211) 10.879 229.202 0 2 3.000 22.Retention in business (F7-F8-F9) 4.02 4.500 137.Cash flows from operations 665.504 196.63 1.211.433 339.Reserves i).Cash & bank balance 2.292 141 447.97 -4.Debentures/TFCs 4.485 26.148 (173.107 38.78 101.358 21./share) [(F7-F8)/No.Other non-current assets B.043) 137.487 (63.Total fixed liabilities (D1+D3) 3. of Ord.164 0 667.912 0.Financial Statement Analysis of Non Financial Sector 2013 Hajra Textile Mills Ltd.313 (408.474 0 142.Selling & distribution expenses ii).Operation: 1.834 131.105) 8.028) 299.Current ratio (B to C) 6.Tax expense (current year) 9. 2008 2009 2010 2011 537.353 0 858.27 -15.851 130.85 -1.147 483.Administrative and other expenses 5.44 -63.860) 137.18 -0.39 -14.019 32.964 0 155.741 35.313 (506.Shareholders Equity (E1+E2+E3) 1. Subscribed & Paid up capital i).Export Sales (Net) 2.58 -28.123 4.346) 1.997 30.931 - - 18.00 -3.765 19.87 - - -0.288 2.978 372 19.79 -5.370 (148.008 (547.323 0 856.727 221.42 -10.Surplus on revaluation of fixed assets 724.Inventory Turnover Ratio (F1 to B2) 13.164 665.76 0.Long term secured loans 2.004) 92.551 196. wages and employee benefits 6.Net profit before tax 8.148 2.605 (79.151 517.94 -6.08 0. shares] 17. G1) 11.999 (6.555) 10.52 -0.Net profit margin (F7 as % of F1) 15.Depreciation for the year 5.Cost of goods sold to sales (F2 as % of F1) 7.062) 137.605 321.510 (193.51 0.033 120 38.Intangible assets 6.563 0 992.Return on capital employed ( F7 as % of avg.60 0.084 31.51 0.058 547.00 12.250 (58.033 0 20.115 20.105 25.Trade Debt 4.494 27.62 0.160 48.26 121.Cost of material ii).Current Liabilities (C1+C2) 1.453 1.Preference shares 2.938 299.500 0 (398.500 137.Contractual Liabilities (G2+C1) H.134 31.05 -5.692) 10.615) 87.Non-Current Assets (A1+A3+A5+A6+A7) 1.510 418.140) 0 0 0 (573) 404.313 (388.68 Items A.34 -12.Cost of sales i).303) 10.858 25.51 3.742 (32.500 137.874) 137.797 26.649 0 1.66 98.910 0 856.457 1.070 340.581 168.073 776.17 -13.349 0 7 3.518) 299.731 14.514) 86.Inventories 3.Dividend cover ratio [(F7-F8) to F9] 12.283 86.487 0 196.Sales i).551 192.895 522.868) 84.23 -24.54 -5. administrative and other expenses i).586 948.Gross Profit 4.968) 10.26 100.510 460.140 0 0 (263) 373.54 37.313 (425.09 -6.Salaries.708 307.98 0.Operating cash flow to debt ratio [F11 to (C+D)] 16.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.547 259.007.797 0.047 0 0 (11.753) 137.613 0 (46. of Ord.741 486.705 (277.85 -11.485 15.055 169.965 373 31.608 262.Trade Debt as % of sales (B3 as % of F1) 4.Employees benefit obligations 5.500 0 (415.070 (92.551 220.492 (2.663 4.149 508.683 67.014 86.790 358.258 (80.00 -2.500 - - (495.00 -4.Total value of bonus shares issued 11.413 537.Short term investments 5.551 136.00 0.02 2.Earning per share after tax (Rs.374) - (Thousand Rupees) 2012 2013 466.906 6.247 11.160 0 2 3.08 -103.Key Performance Indicators 1.Debt equity ratio [(C+D) to E] 8.147 463.409 22.364 233.Other non-current liabilities E.02 2.59 38.68 -62.500 0 (377.64 100.93 0.Capital work in progress 2.01 -2.47 0.Local sales (Net) ii).189) 12.797 200.351 4.18 -0.832 762.65 -6.486 3.822 83.44 -3.433 (60.958 1.460) 137.385 0 166.44 99.24 - 0.500 0 (201.14 .Revenue Reserve 3.021 169.64 -6.346 16.073 0 782.999 74.05 -2.38 -4.188) 3.329) 299.76 -9.80 19.119 299.960 169.603 373.70 -0.00 -6.450 146.772) 3.77 45.00 -4.302 - 776.73 -20.551 136.307 168.748 0 1.67 24.719 (79.151 557.603 0 453.028) 0 0 0 (42.75 -10.Financial expenses as % of sales (F6 as % of F1) 3.800 22.103) 37.82 16.Total amount of dividend 10.Return on assets [F7 as % of avg.Issued.(A+B)] 9.243 0 5 3. E) 10.311 3 45.Return of equity (F7 as % of avg.049 889 7.742 339.671 0 856.Other current liabilities D.797 85.Capital Reserve ii).140) 299.236 4.08 2. shares) - - - - 7.167 27.451 86.746 0 0 (785) 0 0 0 0 0 0 0 20.176 598.302 151 - - 136.53 F.134 6.00 0.

/share) [(F7-F8)/No.Operating fixed assets after deducting accumulated depreciation 4.220 13.651 42.70 -1.981 0 192.719 24.445 90.992 1.895 1.460 (24.29 0.362 188.Export Sales (Net) 2.449 204.070 541 59.14 0.075 120.97 0.708 187.70 -39.77 -0.502 78.040 0 (63.15 3.409 114.94 0. wages and employee benefits 6.Other non-current assets B.Trade Debt as % of sales (B3 as % of F1) 4.914 549.37 1.561 38.144 121.981 94.797 330.800 0 (29.201 89. shares] 17.523 182.762 4.631 68.21 5.040 68.413 106.114 0 0 (19.413 - 1.868 37.165 16.868 0 47.781 0 3.39 1.Long term investments 7.01 -5.090 20.696 4.31 -2.01 1.901 358.774 106.591 80.Capital work in progress 2.763 42. G1) 11.84 6.03 76.192) 2.03 -4.691 76.492 0 62.24 4.592 1.151 584.37 -47.49 4.30 1.000) 52.226 256 6.115 189.84 -1./share) (E/No.037 181.Total fixed liabilities (D1+D3) 3.800 37.68 12.151 66.768 3.Total amount of dividend 10.Cost of goods sold to sales (F2 as % of F1) 7.434 14.444 3.Salaries.573 87.36 67 .928 104. shares) - - - - - - 4.307 20.273 542 58.181 67.354 51.002 71.00 -3.Financial expenses as % of sales (F6 as % of F1) 3.13 4.562 541 65.37 -21.Short term investments 5.650 79.732 34.63 -10.021 0 213. of Ord.208 303.31 15.361 12.Issued.178) 285.149 17.Operation: 1.Tax expense (current year) 9.Other non-current liabilities 0 68.981 121.Inventory Turnover Ratio (F1 to B2) 13.07 2.72 -9.522) 86.869 45.Other current assets C.144 7.929 109.191 68.24 0.06 87.963 24.068 37.Cost of sales i).624 17.939 42.22 2.027 100.439 344.04 Items 204.54 1.421 72.994 492.265 6.89 1.Long term unsecured loans 3. of Ord.Financial expenses of which: (i) Interest expenses 7.539 23.624 10.065) 89.Preference shares 2.590 67.Net profit margin (F7 as % of F1) 15.70 -21.Break-up value shares (Rs.375 50.12 -0.31 -26.140 75.197 108.596 (32.Gross Profit 4.Operating cash flow to debt ratio [F11 to (C+D)] 16.232 11.385 92.905 0 3.00 84.Current Liabilities (C1+C2) 1.Return on assets [F7 as % of avg.35 12.97 -6.59 3.689 95.01 88.283 0 213. Subscribed & Paid up capital i).112) 54.10 1.87 1.103 3.445 108.49 2.261 6.Short term Secured loans 2.Trade Debt 4.453 203.811 101.Selling & distribution expenses ii).186 19.715 9.523 0 0 (7.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Non-Current Liabilities (D1+D2+D3+D4+D5) (Thousand Rupees) 2012 2013 2008 2009 2010 2011 115.240 110.040 0 (59.86 3.Reserves i).676 45.Surplus on revaluation of fixed assets - F.69 1.Ordinary Shares ii).43 21.069 11.426 54.291) G.72 -13.328 1.701 103.317 19.046 16.Debentures/TFCs 4.925) 85.03 91.469 18.279 27.Assets turnover ratio [F1 to (A+B)] 5.481 0 (12.Key Performance Indicators 1.192 115.542) 3.Miscellaneous 1.896 30.535 (89.664 20.777 434.081 2.34 -7.438 5.808 6.112 (115.23 5.672 0 (28.809 126.375 273.07 -0.876 129.153 20.Return on capital employed ( F7 as % of avg.830 2.011 51.96 2.436) 25.447 196.162 0 1.(A+B)] 9.971) 55.49 1.152 250.Contractual Liabilities (G2+C1) H.844 1.Total value of bonus shares issued 11. E) 10.591 86.673 26.629 26.322 92.859 (63.26 3.611 0 0 0 51.Shareholders Equity (E1+E2+E3) 1.99 0.490) 57.96 0.278 51.041 0 1.Net profit before tax 8.832 232.12 -7.908 34.252 408.449 189.249 193.809 85.344 54.240 114.825 - 454.58 10.Acid test or quick ratio[(B1+B3+B4) to C] 2.958 44.251 89.007) 3.040 68.901 541 69.555 89.115 189.16 1.Retention in business (F7-F8-F9) 4.Sales i).800 37.Capital Reserve ii).799 34.163 (29.Current Assets (B1+B2+B3+B4+B5) 1.588 4.800 0 (26.230 0 69.92 3.989 3.728 (23.072 0 68.Revenue Reserve 3.328) 3.527 12.123 23.Other input cost 3. administrative and other expenses i).Financial Statement Analysis of Non Financial Sector 2013 Hala Enterprises Ltd.413 58.804 2.391 0 0 17.12 8.Operating fixed assets at cost 3.825 348.30 0. A.245 256 (34.445 55.321) 361.971 3.99 -39.704) 3.60 -0.08 -3.Depreciation for the year 5.402 0 43.610 68.115 126.Long term secured loans 2.Cost of material ii).915 306.79 -0.408) 4.06 83.49 9.18 5.098 107.Total capital employed (E+D) 2.673 95.11 1.43 17.118 85.226 0 49.217 259.536 114.020 68.56 3.95 7.105 0 58.59 5.807 620 89.715 9.62 3.Administrative and other expenses 5.324) 56.602 19.331 0 207.598 0 54.090 61.95 0.930 54.836 1.186 66.265 115.802 0 (26.195 4.800 0 20.35 0.800 37.571 0 204.651 (31.220 0 0 (2.009 37.134 0 202.79 5.071 (8.35 1.677 0 0 33.44 4.181 176.693 120.Other current liabilities D.Cash flows from operations 429.99 1.Inventories 3.Local sales (Net) ii).36 10.Debt equity ratio [(C+D) to E] 8.040 68.Cash & bank balance 2.217 120.442 0 2.040 0 (64.89 -7.704 0 2.Intangible assets 6.992 5.Earning per share after tax (Rs.561 92.185 320.465) 3.Non-Current Assets (A1+A3+A5+A6+A7) 1.17 9.201 0.384 109.42 18.250 5.82 8.768 171.General.Dividend cover ratio [(F7-F8) to F9] 12.017) 89.440 41.517 7.603) 59.378 0 38.42 4.98 -8.13 9.Current ratio (B to C) 6.Employees benefit obligations 5.Return of equity (F7 as % of avg.980 85.940 35.268 E.856 178.223 2.56 4.304 181.

630 142 407.Debt equity ratio [(C+D) to E] 8.090 11.64 0.91 -5.128 67.935 367.23 -2.716 0 (344.022 176.Sales i).560 9.91 0.07 0.05 3.902 14.909 326.768 0 0 0 80.775 0 32.107 502.984 76.781 174.079 12.498 324.916 12.754 1.Operating fixed assets at cost 3.96 6.995 36.623 514.125 191.427 127.581 14.787 0 702.457 236.530) 10.469 225.Shareholders Equity (E1+E2+E3) 1.117 82.175 127.527 0 (190.182 2.223 2.414 258.Operating fixed assets after deducting accumulated depreciation 4.927 98.Long term unsecured loans 3.Salaries.468 37.16 -15.79 0.39 5.103 383.48 0.005 12.469 68.Other input cost 3.009) - 514.74 0.39 -5.499) 1.525 (21.642) 0 (442.120 0 0 0 30.482 221.173 3.170 0 0 (16.673 36.713 231.995 66.277 0.787 12.094 (25.964 2.11 1.92 68 .34 0.Reserves i). wages and employee benefits 6.958) 137. shares) - - - - - - 5.432 1.27 20.791 0 325.Return on capital employed ( F7 as % of avg.37 -13.142 250.Other current liabilities D.Other non-current liabilities E.Preference shares 2.Depreciation for the year 5.77 -1.496 20.45 0.Ordinary Shares ii).098) 0 2.716 13.Total fixed liabilities (D1+D3) 3.184 180.023 0 18.23 7.541 412 9.392) 0 (456.Employees benefit obligations 5.Inventory Turnover Ratio (F1 to B2) 13.740 28.716 10.144 100.494 194.869 (16.745 21.434 (2.600 8.69 27.03 -36.Earning per share after tax (Rs.515 (18.Capital Reserve ii).240 0 408.089 0 38.716 0 (456.469 (14.70 0.55 1.193) 421.238 74.529) 132.392) 147.077 186.195 0 39.Current ratio (B to C) 6.28 -8.965 233.Cost of material ii).37 0.Gross Profit 4.469 225.138 0 0 (15.05 9.(A+B)] 9.297 45.67 8.687) 0 (479.488 11.36 13.Inventories 3.Current Liabilities (C1+C2) 1.880 136.859 244.Operation: 1.71 4.44 8.499 (24.193) 0 (269.03 -1.767 116.853 (742) 12.832 30.880) 10.55 -3.777 103.277 115.931 4.Cost of goods sold to sales (F2 as % of F1) 7.044 15.767 0 125.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 197.454 2.17 0.08 -14.598 470 684 0 0 11.683 0 0 (7.847 2.Break-up value shares (Rs.947 0 (214) 78.676 4.08 6.06 5.882 5.Key Performance Indicators 1.55 6.129 267.716 132.15 0.187 5.872 - F.Assets turnover ratio [F1 to (A+B)] 5.350) 80.Total value of bonus shares issued 11.General.73 -2.Acid test or quick ratio[(B1+B3+B4) to C] 2.272 12.Debentures/TFCs 4.413 791 70.Contractual Liabilities (G2+C1) H.457 256.03 -1.91 2.716 132.Net profit margin (F7 as % of F1) 15.555 0 132.716 0 (269.499) 19.26 100.20 103.604 0 (176.272 78.497 95.705 (11.29 22.253 245.Financial Statement Analysis of Non Financial Sector 2013 Hamid Textile Mills Ltd.16 99.997 226.142 0 272.142 0 (234.97 -75.32 108.791 313.834 15.264 772 9.353 5. shares] 17.911 0 (216.75 -2.Administrative and other expenses 5.29 100.530 249.41 5.167 19.832 13.958) 0 (460.432 62 6.929 256 9.Capital work in progress 2.716 0 407.Other current assets C.Cash & bank balance 2.25 0.331) 1.716 0 (442.97 0.500 0 27.691) 13.984 20.429 15.660 618 0 0 100.31 0.Operating cash flow to debt ratio [F11 to (C+D)] 16.477 7.425 620 46.31 -2.Intangible assets 6.716 0 (460.99 1.83 -30.Total amount of dividend 10.799 9.646 68.250 17.946 (172.Trade Debt 4. of Ord.Net profit before tax 8.51 11.642) 75.366 0 22.Non-Current Liabilities (D1+D2+D3+D4+D5) 1./share) [(F7-F8)/No.07 -3.716 132.Miscellaneous 1.640 197.36 0.655 34.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.11 -19.886 0 6.860 0 0 0 50.255 326.880 0 136.589 0 284.Total capital employed (E+D) 2.293) 132.46 1.Current Assets (B1+B2+B3+B4+B5) 1.178 11.182) 88.149 77.80 1.895 0 0 G.698) 116.886 0 10.01 -1.716 0 (479.20 5.Export Sales (Net) 2.05 -0./share) (E/No. A.927 (8.Other non-current assets B.18 6.432 231.453 8.93 -2.96 -0.92 -16.164) 313.Cash flows from operations 380.Short term Secured loans 2.801) 136.01 0.Short term investments 5.716 132.682 39.Issued.Return on assets [F7 as % of avg. administrative and other expenses i).06 5.Selling & distribution expenses ii).659 166.92 0.492 25.916 190.640 46.18 0.07 3. Subscribed & Paid up capital i).17 107.390 0 21.42 0.Trade Debt as % of sales (B3 as % of F1) 4.070 1.278 350.195 (211.641 258.57 -0.716 132.05 2.858 132.745 374.212) 3.13 -17.891 258.Cost of sales i).255 0 326.913 12.886 0 5.Local sales (Net) ii).32 -20.25 Items 294.Dividend cover ratio [(F7-F8) to F9] 12.630 0 22. E) 10.56 1.357 249.06 -0.827 12.Revenue Reserve 3.16 22.370 79.06 0.Financial expenses as % of sales (F6 as % of F1) 3.335 - 250.Tax expense (current year) 9.91 0.515 225.351 4.032 (11.137) 132.Financial expenses of which: (i) Interest expenses 7.66 -2. of Ord.177) 132.Retention in business (F7-F8-F9) 4.Long term investments 7. G1) 11.687) 130.501) 78.751 10.716 132.886 0 5.004 8.512) 132.094 225.042 103.48 0.02 21.23 -1.240 13.499 245.799 0 0 0 77.791 11.891 1.Long term secured loans 2.Return of equity (F7 as % of avg.84 -0.00 0.302 0 0 0 44.252 15.167 19.Non-Current Assets (A1+A3+A5+A6+A7) 1.80 -91.

552 0 163.999 187.091 32.59 3.321 4.Long term unsecured loans 3.108 12.893 2.079 24.756 0 364.Intangible assets 6.722 65.592 1.Administrative and other expenses 5./share) [(F7-F8)/No.Debt equity ratio [(C+D) to E] 8.49 3.276 1.563.Cost of goods sold to sales (F2 as % of F1) 7.Trade Debt as % of sales (B3 as % of F1) 4.083 0 313.81 0.562 1.218. of Ord.628 0 0 G.132.68 3.386 1.534.695.921.817 6.436 941.140 1.409.527.954 143.57 1.043 2.777 3.520 715.231 41.513.596 3.85 0.Financial expenses as % of sales (F6 as % of F1) 3.Return of equity (F7 as % of avg.Employees benefit obligations 5.221.202 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.500 831.837 1.21 3.909 1.05 15.093 65.07 7.019 316.686 258.024 0 2.14 7.88 10.269 256.42 11.084 276.176.Total value of bonus shares issued 11.618 1.434.Debentures/TFCs 4.Non-Current Assets (A1+A3+A5+A6+A7) 1.552 256.93 2.45 2.21 21.867 1.863 13.77 1.General.23 9.758.Ordinary Shares ii).067 303.210 2.478.77 15.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.811 136.156 0 54.377 20.Cost of sales i).321 295.Cash flows from operations 1.790 114.333.Sales i).198.967 71.079 170.528.507 4.Total capital employed (E+D) 2.51 5.09 0.Miscellaneous 1.728 1.590 21.834 72.520 0 412.265 1.59 0.90 0.858 715.03 15.413.412.558 715.89 1.844 608.Other current liabilities D.92 80.903 272.Financial expenses of which: (i) Interest expenses 7.Tax expense (current year) 9.09 7.Break-up value shares (Rs.044 1.Long term secured loans 2.Return on capital employed ( F7 as % of avg.087 0 1.377 158.695.825 1.185 2.Reserves i).203 76.275 692.94 86.495 3.156 84.604 298.232 10.679.137 2.30 0.155 3.498 0 148.00 0./share) (E/No.630.893 1.Long term investments 7.846 217.681 11.522 1.734.30 0.894 65.508.520 715.735 7.068 553.85 84.Selling & distribution expenses ii).Other non-current assets B.566.93 22.531 63.737.91 0.753 0 229.116.236 257.14 17.894 0 347.Cash & bank balance 2.115 729.306 715.143 1.298 1. administrative and other expenses i).201.943.09 13.411 1.41 0. A. wages and employee benefits 6.526 253.373 456.465.129.960 79.223 17.500 0 13.Total fixed liabilities (D1+D3) 3.752 0 0 69.520 913.Return on assets [F7 as % of avg.804 72.593 82.74 3.450.037 72.354 89.Assets turnover ratio [F1 to (A+B)] 5.571 1.Gross Profit 4.797 1.09 -1.294 330.049 2.05 8.33 0.904 82.26 1.262 526.148 1.520 0 813.195 (106.524.637 152.685 4.893 1.805 63.95 5.78 3.662 2.55 0.08 3.Local sales (Net) ii).500 730.558 208.09 8.729.442 277.893 2.594. G1) 11.961) 1.686 1.Total amount of dividend 10.26 0.53 0.223 2.044 793.745 3.Net profit before tax 8.Contractual Liabilities (G2+C1) H.141 326.632) 1.972 535.653 9.050.48 4.500 662.14 0.526 864.38 1.994 71.Revenue Reserve 3.680 740.92 86. shares] 17.842.520 715.289 1.884 (4.904 24.618 3.67 0.Preference shares 2.900 - 2.Operating fixed assets at cost 3.380.526.883 271.72 19.44 22.49 23.Operating fixed assets after deducting accumulated depreciation 4.058 1.494.60 1.Shareholders Equity (E1+E2+E3) 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.520 715.520 0 744.685 77.Earning per share after tax (Rs.519 2.10 6.520 0 596. E) 10.901 1.321 186.795 3.628 1.195 174.457 1.064 108.520 0 347.78 0.778 1.62 3.263 0 1.930 353 2.03 0.16 0.692 258.144 147.646.Inventory Turnover Ratio (F1 to B2) 13.033.711 131.080 1.985.Retention in business (F7-F8-F9) 4.628 69.Key Performance Indicators 1.Depreciation for the year 5.271 81.47 1.746 105.329.694 46.69 .359 171.165 753.964 2.911.770 30.611 345.44 2.486 147.Capital Reserve ii).(A+B)] 9.063 1.752 1.214.274 0 259.480.08 1.130. Subscribed & Paid up capital i). of Ord.150 25.500.Other current assets C.Other input cost 3.08 1.248 341.419 0 335.285 1.236 144.145 82.878 1.656 553.457 0.888 348.355.729.27 Items 2.620 150.91 5.902 42.63 4.297 186.868.499 186.485 94.Export Sales (Net) 2.594.006 715.131 295.338 1.720.Current Assets (B1+B2+B3+B4+B5) 1.95 85.040.119 1.376 263.785 1.155 71.77 0.939 1.404 65.696.545.507 1.04 0.512 143.901 0 71.392 399.04 0.Trade Debt 4.297 0 0 82.455 186.240 0 2.574 36.76 69 2.Short term investments 5.61 2.300 0 15.134 715.58 9.087.566.778 330.Dividend cover ratio [(F7-F8) to F9] 12.501 0 421.295 1.20 0.697.021 1.919 392.Short term Secured loans 2.567.363 1.34 2.Salaries.48 0.538 776.921 71.673 10.600 0 96.02 3.Current ratio (B to C) 6.024 0 1.144.072 1.578 19.841.58 1.014 295.237 101.659 83.961 3.221.Issued.383.Cost of material ii).030 141.586 1.127.815.355 0 0 288.46 1.Other non-current liabilities E.379.63 4.520 715.517 8.548 200.Capital work in progress 2.878 0 294.068 198.768 1.471.795.Operation: 1.810 79.953.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.090 1.893 F.309 526.554 967.174 342.029 333.884 277.338 - 21.552 0 105.660.864.554 1.85 0.50 1.Financial Statement Analysis of Non Financial Sector 2013 Hira Textile Mills Ltd.478.24 3.946.240 757.789.47 1.645 65.947.532 365.889 941.491.Net profit margin (F7 as % of F1) 15.764 210.Current Liabilities (C1+C2) 1.091 268.54 3.324 78.231 200.226 1.98 85.378.Inventories 3.722 0 596.710.594 39.520 715.606 0 247.563.01 9. shares) - - 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.884 63.317 715.638.61 19.50 7.024 2.969.76 1.451 1.93 0.298 0 399.29 0.44 8.575 71.552 0 42.08 0.

542 275.589.419 1.208 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.57 -19.86 0.70 37.933 248.169.259 106.Other current assets C.793 43. administrative and other expenses i).Tax expense (current year) 9.199 1.Other input cost 3.393 131.Cost of sales i).454.650.Total fixed liabilities (D1+D3) 3.817 614.802) 67.483 53.934 (384.199 1.379.86 0.440.Sales i).285 452.02 9.560 333.11 -36.061 55.271 384.588 423.Depreciation for the year 5.162 0 569 27.197.423 1.381 554.935 124.060 0 161.39 10.647 510.Short term Secured loans 2.786 0 0 (291.Total capital employed (E+D) 2.537 666.199 1.132) 1.055 1.25 139.06 -0.68 3. wages and employee benefits 6.230 91.69 1.934 (384.908 227.52 -195.926 55.230 91.37 -0.340 0 (18.754) 33.67 18.Employees benefit obligations 5.715 695.38 143.650.57 -18.454.94 -3.443 939.302 0 196.Financial expenses of which: (i) Interest expenses 7.151) 7.257) 5.526) 496.560 333.419 1.259 0 (243.982 0 0 (26.650.28 6.96 -0.641 112.542 275.73 0.305 1.802) 67.454.230 91.37 -0.936 397.574.Inventories 3.555 1.077) 707.Long term investments 7.257) 5.089.259 106.Local sales (Net) ii).934 (384.Miscellaneous 1.489 4.15 95.Financial Statement Analysis of Non Financial Sector 2013 Husein Industries Ltd.416 0 0 (207.958 675.314 1.443 356.Other non-current assets B.28 1.50 -8.37 -0.92 23.007 88.119 1.007 88.550 47.Inventory Turnover Ratio (F1 to B2) 13.717 1.588 423.09 0.537 666.641 112.302 0 196.936 0 144.Long term unsecured loans 3.02 -15.Acid test or quick ratio[(B1+B3+B4) to C] 2.439 0.612) 333.220 106.384 604. A.447 468.980 527.428.69 26.285 46.440.86 0.612) 333.780 20.539 33.715 - 1.16 1.858 (277.55 1.452 36.259 0 278.319 113.Total value of bonus shares issued 11.15 83.679 0 1.24 3.883 (193.23 3.641 112.612) 333.Short term investments 5.Total amount of dividend 10.390 566.633 (16.771 30.754) 33.459 0 695.45 11.596 0 641 23.897 (389.271 384.300) 1.77 -0.897 (389.904 0 182.391 1.Return on assets [F7 as % of avg.283.Return of equity (F7 as % of avg.818 6.526 0 1.18 0.32 -51.65 36.47 -1.Gross Profit 4.05 -25.Preference shares 2.259 106.474.94 -3.50 0.Current Assets (B1+B2+B3+B4+B5) 1.443 356.290 714.Dividend cover ratio [(F7-F8) to F9] 12.02 9.505.312 352.833 57.162 0 569 27.393 131.Other non-current liabilities E.440.793 43.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 465.259 106.858 106.416 0 0 (207.15 50. G1) 11.623 0 1.440.Intangible assets 6.273 248.114.Shareholders Equity (E1+E2+E3) 1.306 797.Operating fixed assets at cost 3.393 131.474.447 718.194.217 391.079 0 1.423 1.220 106.32 -77.789 340.00 -1.897 0 0 13.980 527.Issued.Other current liabilities D.27 0.25 139.489 0 246.75 1.370 690.589 144.56 -34.290 714.858 (277.147.98 -0.Debt equity ratio [(C+D) to E] 8.858 244.Trade Debt 4.305 1.447 0 135.537 666.Long term secured loans 2.231.521 154.248.883 (193. of Ord.249.364 340.079 0 1.575 106.94 -3.290 714.271 384.04 -13.Export Sales (Net) 2.Current ratio (B to C) 6.47 0.386 150./share) (E/No.General.474.589.21 0.53 44.588 423.83 -23.38 143.793 43.Financial expenses as % of sales (F6 as % of F1) 3.83 -4.255 599.845 661.Operating fixed assets after deducting accumulated depreciation 4.11 -36.433.Cash flows from operations 1.Net profit before tax 8.01 0.443 356.59 -173.440.25 139.802) 67.673) 1.Capital work in progress 2.Debentures/TFCs 4.079 0 1.818 0 0 11.908 1.101 160.715 695.135 248.Contractual Liabilities (G2+C1) H.Operating cash flow to debt ratio [F11 to (C+D)] 16.259 106.439 1.560 333.Retention in business (F7-F8-F9) 4.263 55.27 0.858 (277.539 448.63 1.02 9.439 1.897 (389.404 106. of Ord.415 0 476 9.682 0 415.275 66.416 0 0 (207.370 8.379.77 0.845 720.67 18.32 -77.Reserves i)./share) [(F7-F8)/No.380 27.636 16.Net profit margin (F7 as % of F1) 15.826 55.447 0 135.798 106.434 707.Administrative and other expenses 5.965 148.550 47.440.365.Return on capital employed ( F7 as % of avg.300 0 0 12.05 86.379.419 1.259 0 (243.780 20.24 3.67 4.682 384.088) 496.Earning per share after tax (Rs.526) 496.52 -195.370 690.69 26.220 106.883 (193.965 148.01 -2.370 690.922 536.423 1.Salaries.162 0 569 27.259 0 (243.317 33.980 527.926 110.445 27.(A+B)] 9.754) 33.Capital Reserve ii).Ordinary Shares ii).Assets turnover ratio [F1 to (A+B)] 5.36 1.90 0.717 1.Selling & distribution expenses ii).540 0 145.897 0 0 13.218 1. shares) - - - - - - 1.897 0 0 13.Key Performance Indicators 1.Cost of goods sold to sales (F2 as % of F1) 7.24 3.146 - F.302 0 196.300 (169.Trade Debt as % of sales (B3 as % of F1) 4.Revenue Reserve 3.988) 1.526) 542.372 306. Subscribed & Paid up capital i).673) 1.305 1.47 0.55 1.673) 1.652 465.Cost of material ii).57 -18.67 18.Operation: 1.163 13.685 943.38 143.11 -36.007 88.Current Liabilities (C1+C2) 1.971 442.609 164.167.55 14.589. shares] 17.542 275.777 0 0 G.081 999.004 621.Non-Current Assets (A1+A3+A5+A6+A7) 1.237 801.672 1.32 -77.727 (161.717 1.259 0 140.40 70 .28 Items 1.06 57.965 148.49 2.550 47.258 0 291.447 0 135.Cash & bank balance 2.69 26.21 2.Break-up value shares (Rs.857 1.258 106.438 365.257) 5.852 155. E) 10.395.780 20.014 633.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.643 277.83 -23.643 6.331 1.

04 4.Cash & bank balance 2.598 1.397 0 0 1.56 1.104 25.62 -5.72 0.Other non-current assets B.Cost of sales i).194 354.224 1.422 1.02 -6.52 99.20 -3.36 0.26 1.732 105.945 84.123 0 33.Key Performance Indicators 1.Other current liabilities D.394.811.Issued.063 481.381 0 (161.76 -0.39 0.515 458.952 220.590 100.91 0.943 (154.662 46.418 12.Operation: 1.628 93./share) [(F7-F8)/No.531 1.424 94.General.732 95.268.040 47.500 63.17 0.Earning per share after tax (Rs.317 (84.315 542.Retention in business (F7-F8-F9) 4.045.331.047) 552.659 0 77.011 300.060) 5.342 14.584 (108.791 0 147.269 0.32 3.683 0 1.12 4.72 3.Capital work in progress 2.829 423.16 -59.661 0 1.017.Revenue Reserve 3.573 474.35 99.011 300.91 0.Debt equity ratio [(C+D) to E] 8.490) 23.739 271.644 4.56 11.581 108.Employees benefit obligations 5. wages and employee benefits 6.876 300.732) 1.179 629.Financial Statement Analysis of Non Financial Sector 2013 ICC Textiles Ltd.048 66.241 10.653 365.604 0 1.Total amount of dividend 10.Total fixed liabilities (D1+D3) 3.Short term investments 5.164 781.676 128.908 949.Other input cost 3.971) 0 (489.01 -15.462 300.165 636.557 (155.09 -0.652 122.631 5.246.792 (92.914 212.340 513.09 7.269 421.301.522.602 1.Cost of material ii).63 0.470 0 1.459 1.Short term Secured loans 2.833.954 44.Depreciation for the year 5.407 999.Operating cash flow to debt ratio [F11 to (C+D)] 16.723.946 11.493 1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.08 5.14 0.722 465.28 3.174 5.041.483 95.055 137.533 114.60 9.48 1.008 100.66 93.987 0 0 11.100 179.548 38.47 -0.11 4.Local sales (Net) ii).593 1.72 -13.808 1.431 260.Gross Profit 4.394 0 1.659 995 0 0 2.169 0 0 2.Assets turnover ratio [F1 to (A+B)] 5.52 101.40 31./share) (E/No.002 381.801) 4.943 830.881) 495.395 100.242.685 1.684 241.676 50.127 95. of Ord.Long term investments 7.389 110.416 576.873 60.082 765.663 0 88.156.374) 51.054 520.Salaries.623 1.Intangible assets 6.541) 46.842) 234.11 -10.625 30.458 24.029 144.069 147.008 0 (279.240 341.533 100.150 0 42.647 952.728.83 Items 1.Net profit margin (F7 as % of F1) 15. of Ord.872 164.483 20.011 300.00 -16.991 6.269 201.61 9.829 (86.163 25.286.408 1.299 0 63.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 636.011 0 (489.499 140.890) 2.370 528.212 0 86.791 86.19 8.207) 10.419 0 428.664 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.862 32.895 612.881) 0 (279.027) 478.06 0.140 1.999 0 (6.020 82.520 64.216 0 0 3.21 7.37 103.04 9.085) 591.683 31.623 997.201.Acid test or quick ratio[(B1+B3+B4) to C] 2.011 0 (555.Capital Reserve ii).76 -12.102.046 234.47 0.Administrative and other expenses 5.401 15.Current Liabilities (C1+C2) 1. A.008 0 (408.030. shares] 17.Shareholders Equity (E1+E2+E3) 1.862 910.239 (19.Miscellaneous 1.377 1.735 0 52.414 954.698 830.778.Operating fixed assets at cost 3.783 170.Current Assets (B1+B2+B3+B4+B5) 1.95 -92.Export Sales (Net) 2.12 -38.25 7.971) 461.94 6.020 422.Total value of bonus shares issued 11.Long term unsecured loans 3.862 2.429 0 71.876) 515.477 20.685 49.107 334.Sales i).05 -3.380 87.26 0.461 144.Return on assets [F7 as % of avg.367 293.386 0 0 (86.Cash flows from operations 1.803 - 1.159 0 0 G.Reserves i).792 32.876) 0 (555.892 300.07 8.996 31.20 8.876 0 0 1.10 0.008 100.943 209.Break-up value shares (Rs.653 828.41 -32.Non-Current Assets (A1+A3+A5+A6+A7) 1.Debentures/TFCs 4.352 1.331 4.(A+B)] 9.19 0.103 370.595 0 0 (55.648 (55.43 17.17 13.17 4.13 0.55 6.662 89. G1) 11.Financial expenses as % of sales (F6 as % of F1) 3.95 1.011 0 (535.718 287.762 141.760) 6.008 0 (13.55 97.01 -4.Tax expense (current year) 9.01 -3.571 146.24 0.29 -0.Cost of goods sold to sales (F2 as % of F1) 7.503 0 71.005 979.288) 611.35 -19.Selling & distribution expenses ii).596 209.795 47.Total capital employed (E+D) 2.Return on capital employed ( F7 as % of avg.39 -15.937 1.358 645.853 135.065.Net profit before tax 8.Other non-current liabilities E.66 12.Ordinary Shares ii).08 -6.584 109.081 0 0 (15.Operating fixed assets after deducting accumulated depreciation 4.887 (144.34 1.015.153 0 33.130 237.793 736.874 1.919) 465.714 523.145) 542.181.00 -7.898 259.20 8.248.899 107.34 -9.Trade Debt as % of sales (B3 as % of F1) 4.720 111.33 1.Dividend cover ratio [(F7-F8) to F9] 12.468 1.641 50.418) - F.525 515.718 125.059.147 412.938) 0 (535.96 -49. shares) - - - - - - 6.113 228.457 1.696 27.17 1.57 0.24 -13.541 88.Current ratio (B to C) 6.027) 0 (408.511.Other current assets C.623 263.040.186 105.66 71 .357 20.53 -34.Inventory Turnover Ratio (F1 to B2) 13.043.962 63.306 743. administrative and other expenses i).Preference shares 2.391 45.30 -13.Return of equity (F7 as % of avg.223 496.05 12.153 0 30.38 -5.43 0.596 (74.28 1.008 100.933 315.25 -0.30 0.33 1.769 262.950 546.84 0.938) 498.613 0 54.Inventories 3.65 -0.757 980.102 487.205 418.643 259.754 (69.62 0.82 4. E) 10.017) 616.063.144 0 0 1.Contractual Liabilities (G2+C1) H.787.143 128.339 75.Long term secured loans 2.Trade Debt 4.Financial expenses of which: (i) Interest expenses 7.888 31.754 41.918 26. Subscribed & Paid up capital i).027 126.

Debt equity ratio [(C+D) to E] 8.108 399.33 20.168 0 524.504 0 517.183 943.678 364.545 99.301 54.044 234. wages and employee benefits 6.918 12. Subscribed & Paid up capital i).999 23.660 0 0 2.57 2.Financial Statement Analysis of Non Financial Sector 2013 Ideal Spinning Mills Ltd.Cash flows from operations 985.Revenue Reserve 3.Other non-current liabilities E.02 2.889 565.200 0 157.67 0.876 515.20 3.811 0 0 2.General.434 42.50 12.381 268.061.487 1.40 173.Capital Reserve ii).246.946 400 65.55 25.769 120.987 1.646 522.78 0.318 6.569 199.214 12.10 2.Inventory Turnover Ratio (F1 to B2) 13.360 234.914 174.992 0 65.05 10.711 6.74 -4.99 91.28 2.460.46 22.473 101.617 282.259 90.693 184.Earning per share after tax (Rs.926 212.234 39.45 -10.280 20.44 1.508 1.859.49 24.15 0.82 3.914 127.Salaries.009 56.381 313.18 23./share) [(F7-F8)/No.55 5.112 0 75. of Ord.Other input cost 3.925 0 0 G.357 0.543 460.223 299.Operating fixed assets at cost 3.74 -49.683 43.Return on capital employed ( F7 as % of avg.365 357.Employees benefit obligations 5.88 -5.930.600) 0 (70.827 119.Cash & bank balance 2.167 75.023 7.23 6.136 152.312.73 0.127 117.26 0.612 247.07 2.Other non-current assets B.13 2.168 0 127.428 91.480 2.58 116.50 8.337 141.46 4.193 0 (50.959 150.401 0 26.569 146. shares) - - - 5.139 20.584 2.124) 257. A.210 60.200 99.Preference shares 2.496 0 0 3.11 5.Current Assets (B1+B2+B3+B4+B5) 1.218 27.619 388.Contractual Liabilities (G2+C1) H.08 -11.806.32 15.374.638 0 260.041.Total value of bonus shares issued 11.273 1.200 0 (25.200 99.Export Sales (Net) 2.922 0 - 1.200 99.Selling & distribution expenses ii).Sales i).Key Performance Indicators 1.994 153.31 0.981.947 7.194 362.111 44.(A+B)] 9.345 0 519.675 0 6.270 0 301.710 175.571 257.197 265.565 42.304.26 2.200 0 (70.151 1.Operating fixed assets after deducting accumulated depreciation 4.242 51.355 0 43.311 1.439 32.Short term Secured loans 2.24 35.200 0 7.889 71.560 199.Net profit before tax 8.00 -5.Current Liabilities (C1+C2) 1.38 4.495 (45.542 229.984 131.12 -4.79 8.985 80.539 19.360 109.Cost of sales i).231 316.878 2.Total amount of dividend 10.823 0 91.788 512.97 92.Intangible assets 6.50 0.485 1.82 10.20 18.28 2.Break-up value shares (Rs.10 5.087 177.165 155.153 541.440 0 115.157 1.98 86.630 146.997 83.832 0 28.232 509.Cost of goods sold to sales (F2 as % of F1) 7.393 1.Debentures/TFCs 4.588 150.432 0 6.309 112. administrative and other expenses i).Administrative and other expenses 5.20 20.359 324.916 1.247 3.088 0 938.641 302.897 50.164 293.137 87.837 51.Long term unsecured loans 3.Trade Debt 4.015.768.Acid test or quick ratio[(B1+B3+B4) to C] 2.365 259.200 0 127.502 3.Cost of material ii).Reserves i).047 193.111.821 47.92 .477 58.915 226.120 781.589 494.277) - F.88 17.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.861.974 0 74.Total capital employed (E+D) 2.05 1.155 494.Financial expenses of which: (i) Interest expenses 7.45 5.623 0 0 3.225 0 8.14 -4.580 51.918 26.285 41.74 4.Capital work in progress 2.96 0.887 186.052 8.393 68.101 0 8.06 7.272 114.050.874 1.122 99.988 1.332 175.57 2.200 99.286 250.411 0 0 134.36 21.72 2.533 46.Local sales (Net) ii).131.98 -92.912 5.Other current assets C.89 1.Tax expense (current year) 9.67 Items 989.014 170.600) 0 544.923 99.153 563.744 522 1.200 99.820 40.422 245.Return on assets [F7 as % of avg.06 7.Total fixed liabilities (D1+D3) 3.82 84.141 20.229 71.632 2.168 42.273 37.55 95.391) 0 0 0 83.921 0 0 77.581 285.600 99.921 0 77.15 2. E) 10.58 4.270 73.268) 4.Issued.345 0 7.26 0.391) 383.704 99.Gross Profit 4.Trade Debt as % of sales (B3 as % of F1) 4.005 56.588 470.068 44.Other current liabilities D.851 35.792 70.914 234.337 24. of Ord.41 2.901 0 0 2.16 2.151 1.539 350.046 42.529 208.723 89.555 35.905 0 34.189 47./share) (E/No.612 307.57 2.Miscellaneous 1.13 0.Financial expenses as % of sales (F6 as % of F1) 3.729 59.20 11.339 70.17 0.177 60.088 985. G1) 11.20 0.475.Operating cash flow to debt ratio [F11 to (C+D)] 16.962 76.769 (45.68 5.878 71.393 0 1.Inventories 3.Long term investments 7.Return of equity (F7 as % of avg.Dividend cover ratio [(F7-F8) to F9] 12.Current ratio (B to C) 6.739 61.223 489.27 10.200 0 100.401 507.93 0.620 516.71 18.111.422 (47.472.98 7.Shareholders Equity (E1+E2+E3) 1.Net profit margin (F7 as % of F1) 15.022 584.17 15.752 312.976 7.Assets turnover ratio [F1 to (A+B)] 5.883 9.539 2.847 0 0 89.43 6.020 31.504 0 100.60 0.663 122.851 56.Long term secured loans 2.804 53.037 1.Short term investments 5.449 (47.922 0 157.357 44.785 214.50 0.667 106.70 94.Retention in business (F7-F8-F9) 4.42 0.676 44.78 2.23 0.984 92.Ordinary Shares ii).074.591 179.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 584.43 -5.200 99.193) 170.387 89.Non-Current Assets (A1+A3+A5+A6+A7) 1.Depreciation for the year 5.78 2.45 72 - - 13.847 375.368 99. shares] 17.791 301.817 114.Operation: 1.89 0.889 45.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.33 -4.53 20.078 4.286 19.929 208.

89 1.042.90 -1.277 100.179 11.66 44.94 2.539 736.Other current assets C.Long term unsecured loans 3.402 0 1.090 - 751.36 18.926 982.Short term Secured loans 2.608 141.540 77.048 0 244. A.668 366.889 4.Contractual Liabilities (G2+C1) H.013 248.96 3.46 0.393 27.96 33.047.739 80.600 381.11 42.648.684 556.Tax expense (current year) 9.676 401.17 5.618 1. shares) - - 1.879 800.480 0 126.496 42.170 872 38.242.772 678.925 26.958 39.Capital Reserve ii).161 295.483 777.480 0 237.024 63.480 0 167.684 0 345.680 1.185 74.353 23.774 3.689 0 0 3.Reserves i).330 0 11.716 751.80 1.034 398.391 0 0 25.987 0 86.871 709.65 7.41 3.284 0 0 16.52 4. administrative and other expenses i).94 82.047.981 0 0 7.12 3.061 623.88 73 .71 1.44 0.39 10.84 4.958 0 365.08 30.293 30.682 73.711 116.Return on assets [F7 as % of avg.345 165.106 538.600 0 167.315 24.696 44.020.42 5.926 583.98 7.378 0 0 G.393 100.970 102.330 0 17.Financial Statement Analysis of Non Financial Sector 2013 Idrees Textile Mills Ltd.Net profit before tax 8.Net profit margin (F7 as % of F1) 15.Inventory Turnover Ratio (F1 to B2) 13.480 180.09 -0.254 180.89 -0.Cost of goods sold to sales (F2 as % of F1) 7.689 180.Trade Debt 4.272.Financial expenses as % of sales (F6 as % of F1) 3.312 1.135 680./share) [(F7-F8)/No.313 170.395 410.68 8.507 180.222 400.456 180.Export Sales (Net) 2.423 657.64 0.Return on capital employed ( F7 as % of avg.277 43.09 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.97 35.916 0 958.673 163.152 295.265 18.375 1.Short term investments 5.416 18.788 65.Assets turnover ratio [F1 to (A+B)] 5.906 1.27 4.Issued.Non-Current Assets (A1+A3+A5+A6+A7) 1.35 3.03 -0.Total value of bonus shares issued 11.Shareholders Equity (E1+E2+E3) 1.090 268.66 4.298 0.655 95.33 1.96 0.273 2.518 566.772 52.361 99.76 0.057 1.379 435.712 112.Depreciation for the year 5.493 180.Cost of material ii).056 99.20 12.650 79.038 100.203.192 180.048 0 (170.Total amount of dividend 10.019 0 1.110 4.067 142.409 1.44 3.600 378.40 85.43 59.059.715 865.004 38.815 1.77 1.841 42.630 18.211 64.056.Earning per share after tax (Rs.420 90.480 0 278.812 0 67.079 6.637 12.65 1.(A+B)] 9.099 381.420 44.082.538 79.97 Items 1.25 2.Employees benefit obligations 5.880 99.781 993.855 722.355 2.709 1.427 1.029 4. G1) 11.Intangible assets 6.Long term secured loans 2.430.904 79.Key Performance Indicators 1.983 0 98.Debt equity ratio [(C+D) to E] 8.428 80.112 0 1.788 952.347 1.143 422.103 82.834 536.333 303.237.401.446 12.128 179.Retention in business (F7-F8-F9) 4.947 0 2.433 1.237.541 12.00 25.202 (14.10 85.049.96 4.993 1.739 0 237.453.739 354.051 1.02 84.50 1.425 0 278.77 7.Local sales (Net) ii).065 45.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.47 4.169.706 430.795.318 269.038 56.211 1.973 1.078.159 55.796 815.451 0 21.11 6.019.Revenue Reserve 3.770 0 72.169.715 0 711. of Ord.Current Assets (B1+B2+B3+B4+B5) 1.60 9.242 1.06 17.41 1.Capital work in progress 2.Operating fixed assets at cost 3.024 967.Return of equity (F7 as % of avg.416 243.427) 959.304 91.784 1.260 17.206 69.013 - F.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Dividend cover ratio [(F7-F8) to F9] 12.399 46.127.112 1.048 0 53.547 33.608 18.480 180.Break-up value shares (Rs.953 666.20 7.236 0 1.144 1.35 2.41 1.16 0.588 773.00 1.52 40.Long term investments 7.933 93.602 601.825 180.878 107.480 180.Current ratio (B to C) 6.Total capital employed (E+D) 2.26 89.72 1. E) 10.197 376.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.242.Other current liabilities D.781 490.309 244.040 97.678 199.178.Debentures/TFCs 4.446 0 153.048 0 122.360 3. Subscribed & Paid up capital i).755 160.53 2.480 0 345.506 567.40 4.Operation: 1.399 1.202) 3.Salaries./share) (E/No.811 100. of Ord.426.801 354.13 2.398 81.193 1.Trade Debt as % of sales (B3 as % of F1) 4.32 3.298 122.402 1.083 116.490 271.528 489.019 154.254 1.077 300.351 263.General.863 511.60 0.Financial expenses of which: (i) Interest expenses 7.53 2.52 4.063 52.20 32.02 0.330 0 14.179 100.266) 778.51 0.001.480 0 413.Other input cost 3.732 435.611 841.003.434.484 1.Cash & bank balance 2.480 180.455 17.334 8.222) 1.53 -0.18 1.554 751.69 1.811 (17.Gross Profit 4.330 0 20.75 -2.67 1.Other non-current liabilities E.Cost of sales i).88 0.Administrative and other expenses 5.032.716 0 635.020.330 0 10.081 31.50 34.53 0.828 461.171.480 180.453 365.05 1.019 1.152 0 126.21 0.55 3.898 47.86 0.36 0.399 334.Selling & distribution expenses ii).Total fixed liabilities (D1+D3) 3.Cash flows from operations 865.768 857.25 0.852 0 48.02 1.806 101.84 0.716 379.262.894 1.327 80.203.063 0 0 (114.44 5.926 726.Ordinary Shares ii).457 856.97 29.43 4.Acid test or quick ratio[(B1+B3+B4) to C] 2.400 366.480 180.615 91.38 -1. wages and employee benefits 6.Other non-current assets B.021 120.Operating fixed assets after deducting accumulated depreciation 4. shares] 17.84 7.11 2.648 79.997.280 67.571 45.Sales i).539 509.397 110.33 86.Miscellaneous 1.88 0.457 0 0 11.Preference shares 2.Inventories 3.12 1.958 593.716 612.425 341.Current Liabilities (C1+C2) 1.873 76.

748.431 2.Selling & distribution expenses ii).Cost of material ii).099 626.226 834.663 485.Debentures/TFCs 4.867 5.310.316 323. of Ord.58 1.953.Employees benefit obligations 5.384 0 1.952 553.23 30.78 1.04 37.Cost of sales i).777.06 1./share) [(F7-F8)/No.247 271.Current Assets (B1+B2+B3+B4+B5) 1.996.Return on assets [F7 as % of avg.Retention in business (F7-F8-F9) 4.Trade Debt as % of sales (B3 as % of F1) 4.961 0 243.511.071.648 1.589 878.394 180.590 0 5.495 7.129.383 27.01 11.197 3.316.84 494.Key Performance Indicators 0.440.Other current assets C.(A+B)] 9.658.Current ratio (B to C) 6.211.239 4.360.71 2.115 1.600.627.109 402.079 363.Long term unsecured loans 3.290.950.571.65 5.545 323.87 6.510 13.815 5.496 2.610 - 8.431 0 5.Inventory Turnover Ratio (F1 to B2) 13.648 0 0 73.737 180.565 632.069 6.737 180.546 180.39 13.054. shares] 17.Operating cash flow to debt ratio [F11 to (C+D)] 16.050 495.Shareholders Equity (E1+E2+E3) 1.203.00 137.49 1.48 18.580 0 961.120.Ordinary Shares ii).06 0.19 1.619.Short term investments 5.790.Inventories 3.908 2.934 309.00 4.212 255.358 0 6.149.735 2.593.75 27.838.803 450.115 266.110.Debt equity ratio [(C+D) to E] 8.254 1.470.520 15.060.61 Items 5.687 3.275.013.082.43 20.63 0.668.319 8.62 7.Net profit margin (F7 as % of F1) 15.158 3.73 0.670.593 4.737 180.396.92 0.913 27.336.107.305 5.756.517 1.62 1.132.57 5.462 0 1.430 274.152 4.194 6.112 0 1.25 2. Ltd.36 87.655.527 180.87 100.512 892.597.94 5.352 3.427 0 413.236 0 8.Contractual Liabilities (G2+C1) H.706 0 240.958 0.Return of equity (F7 as % of avg.823.572.163 1.36 7.01 2.57 1.509.119 690.513.Cash flows from operations 7.933.737 180.737 0 4.737 0 8.470.136 325.384.460 144.194 1.718.113 18.667.88 3.792 515.611 304.Earning per share after tax (Rs.648 1.512 2.432 2.385.696 492.409.64 43.812 0 3.258.385 213.41 1.Capital work in progress 2.927 367.23 0.720 2.Depreciation for the year 5.745.869 210.Operating fixed assets at cost 3.Miscellaneous 1.737 0 1.402.475 963.040 1.657 22.432 4.106 0 1.701.61 28.64 1.960.31 3.687 922.000 0 69.36 0.23 23.111 0 59.Break-up value shares (Rs.682.84 6.449 0 1.673.Other non-current liabilities E.Salaries.196 12.311.215.405 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 3.13 0.265 81.388 10.133 2.504 90.603 9./share) (E/No.812 4.134 3.661 582.678 191.875 210.263 4.476 8.368 253.934 698.331 15.27 89.45 6.02 6.789.53 0.10 238.Cash & bank balance 2.908 - F.625 0 302.790 20.073.377 0 6.670 3.128 1.26 30.122 160.578.Administrative and other expenses 5.Financial Statement Analysis of Non Financial Sector 2013 Indus Dyeing & Manufacturing Co. E) 10.971 3.64 346.Preference shares 2.173 7.56 0.287 3.358 22. wages and employee benefits 6.503 0 0 79.413 2.737 0 6.529 144.97 8.Operating fixed assets after deducting accumulated depreciation 4.429 1.35 74 . Subscribed & Paid up capital i).Acid test or quick ratio[(B1+B3+B4) to C] 2.371.152 2.702 430.816 533.19 6.366.Dividend cover ratio [(F7-F8) to F9] 12.Issued.906 1.58 0.Net profit before tax 8.263.634 247.470.637 187.903.140 6.355.432 8.98 408.926 0 4.122 0 526.General.Total fixed liabilities (D1+D3) 3.948 49.89 127.30 8.676 343.387.748 72.039 5.943 0 0 84.20 0. of Ord.902 3.Financial expenses of which: (i) Interest expenses 7.700 171.09 1.738.144 861.509.127 927.184.888 163.545 G.84 1.894 2.824 808.77 11.348 1.252.98 12.645 180. A.935 2.Other non-current assets B.737 180.545 2.966 430.273.47 4.897.952 273.918.095 180.911.602.136 559.Export Sales (Net) 2.Assets turnover ratio [F1 to (A+B)] 5.08 4.700 491.580 618.737 0 2.329.167 22.483 1.694 74.659.034 2.Total capital employed (E+D) 2.539.632 16.53 3.210.802 9.300 13.Capital Reserve ii).740 289.449 2.090 2.761.455 465.660 591.187.33 11.31 84.860 13.333 2.56 76.54 6.83 42.477.43 1.432 7. G1) 11.771.158 336.204.022.733.959 8.705 626.818.918 820.18 1.716.618 628.983 309.78 115.Total value of bonus shares issued 11.07 9.760 253.737 0 7.878 10.643.Short term Secured loans 2.027.933.70 12.42 21.788 389.503 1.043 5.Return on capital employed ( F7 as % of avg.379 2.Intangible assets 6.370 2.487 2.679 677.737 0 2.003 98.604 1.300.26 4.765 1.035 1.324 1.307 3.225 0 4.137.129.Non-Current Assets (A1+A3+A5+A6+A7) 1.316 4.274.542 3.97 81.90 11.569 266.170 1.700 73.358 2.Current Liabilities (C1+C2) 1.Other input cost 3.64 18.044 898.893 160.55 2.792 2.985 892.336 7.111 31.Local sales (Net) ii).001 1.701 2.192 14.737 180.Other current liabilities D.84 3.Long term secured loans 2.036.82 1.573.790 22. administrative and other expenses i).944 721.218 421.30 0.253.214 217.547 516.71 9.69 5.01 86.943 993.595 2.Reserves i).039.333.648 4.33 3.364 0 1.204 5.38 58.816 3.939.918 5.Gross Profit 4.204.195.605 690.807.Long term investments 7.776.61 1.880 1.171 514.898 2.268 1.112 66.632.369 0 0 118.700.826.094 0 61.689 180.82 85.606.119 8.296.994.270 1.181.38 130.413.369 2.744 2.283.Tax expense (current year) 9.Revenue Reserve 3.301.336 4.380 1.690 69.Trade Debt 4.258.432 6.523 3.54 7.694 312.333 0 1.666.533 229.Total amount of dividend 10.Cost of goods sold to sales (F2 as % of F1) 7.42 1.Operation: 1.788 367.372.42 1.877 263.Sales i).872.01 3.348.Financial expenses as % of sales (F6 as % of F1) 3.809 22.311.500.514 180.086.565 16.270 185.262.99 26.235.546 274.522 1.022 1. shares) 2.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.092.681 6.71 5.134.46 0.774.415 230.180 4.369 0 2.

75 75 5.389.190 2. of Ord.960 51.Cost of goods sold to sales (F2 as % of F1) 7.389.277 36.Current Assets (B1+B2+B3+B4+B5) 1.805.Operation: 1.577 67.381.334.696 1.75 1.Return of equity (F7 as % of avg.Acid test or quick ratio[(B1+B3+B4) to C] 2.Short term investments 5.554 246.66 0.882 96.Trade Debt as % of sales (B3 as % of F1) 4.671 3.460.25 0.Issued.660 0 108.273 1.Other current assets C.634.600 96.363 568.389 (28.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.08 88.470 730.388 721.297.700 41.Trade Debt 4.600 172.191 17.Cost of sales i).Assets turnover ratio [F1 to (A+B)] 5.960.750 94.488 0 6.631 0 451.86 0.522 136.850 56.558 264.01 -4.09 90.Local sales (Net) ii).379 1. A.Retention in business (F7-F8-F9) 4.600 96.64 17.164.482.491 729.232 182.977 3.Dividend cover ratio [(F7-F8) to F9] 12.252 4.109 87.Inventory Turnover Ratio (F1 to B2) 13.35 -0.250 374.345 2.600 96.Other non-current assets B.Employees benefit obligations 5.289 96.548) 1.419 62.689 295.250 449.696 1.34 2.227.Current Liabilities (C1+C2) 1.308.627 732.18 -1.167.01 0.573.600 96.Debentures/TFCs 4.61 -1.Capital work in progress 2.00 87.Salaries.947 168.269 3.252 107.627 206.388 G.36 9.414.984 1. shares] 17.114 291.854 996.75 1.124 91.79 3.38 7.188 362.750 104.(A+B)] 9.404 87.549 0 133.283 240.22 .671 396.153 264.308 21.99 4.55 1.Capital Reserve ii).06 -2.67 20.86 5.859 1.817 232.600 0 467.389 66.359 870.000 0 16.631 451.015 1.038 1.77 49.986 - F.714 122.93 Items 1.44 9.42 3.893 889.148 164.170 1.Long term investments 7.672 135.75 2.63 3.05 1.03 89.500 0 16.501 32.Net profit margin (F7 as % of F1) 15.600 96.545.44 6./share) [(F7-F8)/No.260.709 0 1.23 7.26 62. G1) 11.600 0 391.250 243.674 3.046.07 6.474 17.091 358.725 96.296 17.71 0.731.055 755.350 87.65 83.600 0 379.524 428.210.Earning per share after tax (Rs.89 -0.731.837.Operating fixed assets at cost 3.05 -0.Non-Current Assets (A1+A3+A5+A6+A7) 1.104.Debt equity ratio [(C+D) to E] 8.232 87.583 77. Subscribed & Paid up capital i).310 307.620 27.Long term secured loans 2.Other input cost 3.88 61.606 56.55 1.278 99.61 5.278 54.Operating fixed assets after deducting accumulated depreciation 4.224 964. wages and employee benefits 6.224 113.Ordinary Shares ii).Financial Statement Analysis of Non Financial Sector 2013 Ishaq Textile Mills Ltd.320 9.657 679.456 0 1.Cash & bank balance 2.Depreciation for the year 5.94 -0.745 1.823 1.Net profit before tax 8.666 903.71 6.40 0.679 0 0 3.Long term unsecured loans 3.262.160 59.095 0.963 542.65 5.175 3.226 1.013 17.862 4.340 939.49 1.50 14.37 13.797 0 135.79 25.461 48.10 89.29 0.854 96.051 116.27 0.72 -0.504 2.06 21.366.050.271 - 2.600 96.681 2.176 601.014 1.983 0 0 3.Current ratio (B to C) 6.948.386.21 1.601 454.460 244.156.699 451.239 67.046 117.515 94.64 1.77 5.Financial expenses as % of sales (F6 as % of F1) 3.900 116.674 391.Other non-current liabilities E.825 0 0 (71.250 362.008 261.122 141.831 4.706 407.118 0 0 86.629) 10.Total fixed liabilities (D1+D3) 3.799 1.271 3.750 119.520 125.Total value of bonus shares issued 11.200.297 96.934 816.Selling & distribution expenses ii).750 (2.681 85.764) 1.685 13.Preference shares 2.528 779.10 0.239 820.327 127.466) 3.000 0 18.Cash flows from operations 2.213 1.687 1.30 3.Tax expense (current year) 9.217 0 (25.750 94.405 96.414 558 1.544 157.Administrative and other expenses 5.08 18.250 194.618 1.304 1.Inventories 3.739 680.Other current liabilities D.334.610 53.521 957.501 478.Export Sales (Net) 2.612) 966.110 520.941 119.04 9.155 53.876 0 1.74 3.009 699.646 176.305 178.536 0 0 3.763 240.Revenue Reserve 3.830 0 (40.000 0 19.259 2.196.042 2.950 1.760 63.Gross Profit 4.651 958.600 0 212.166 1.732 (14.Miscellaneous 1.78 2.076 1.718 139.Total amount of dividend 10.72 0.295) 3.586 96.218 998.763 17.600 0 354.Financial expenses of which: (i) Interest expenses 7.561 232. of Ord.614 783.282 (20.674 591.012 9.632 125.728 0 314.66 1.98 44. administrative and other expenses i).314 1.257 945.804 482.708 474.Break-up value shares (Rs.46 3.159 889.511.370 230.513 115.68 1.849 549.599 846.740 43.Contractual Liabilities (G2+C1) H.500 0 24.391 803.724 115./share) (E/No.337 25.323 0 96.931 1.21 11.665.74 14.035 0 853 3.Cost of material ii).03 1.46 4.880 72.184 62.136 104.559 206.671 177.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.56 1.58 8.646) 8.450.47 1.490.905 52.095.076.37 1.91 -0.43 4.722 0 167.694 165.756 139.240 7.03 12.39 31.005 42.311 899. E) 10.Return on capital employed ( F7 as % of avg.Total capital employed (E+D) 2.73 2.270 1.Key Performance Indicators 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.03 13.197 116.393 734.356 436.13 88.076 11.311 474.34 11.995 0 119.707 966.806 34.08 3.008 819.00 -2.Short term Secured loans 2.302 390.71 -3.089.Shareholders Equity (E1+E2+E3) 1.342 9.307 0 112.093.243.773 77.748.383.716 1.109 168.67 1.335 53.155.19 1.863 732.106.827 0 0 3.933 864.69 -2.General.46 0.600 0 260.849 329.Reserves i).Return on assets [F7 as % of avg.219.Intangible assets 6.446.575 641.Sales i).338 206.006.618 1.087 55.99 1.65 46.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 870.735.750 67. shares) - - 3.23 3.73 2.

50 2.(A+B)] 9. of Ord.389 257.Long term secured loans 2. shares) - - - - - - 8.388 272.191 42.14 6.Other current assets C.553 291.276 88.758 105.Earning per share after tax (Rs.591 5.55 -6.76 -84.691 - 226.318) 110.492 97.Administrative and other expenses 5.Total fixed liabilities (D1+D3) 3.425 65.110 0 565.251 46.500 0 (12.162 52.Export Sales (Net) 2.90 -0.Current ratio (B to C) 6.15 0.Key Performance Indicators 1.652 44.476 656 63.Operating fixed assets after deducting accumulated depreciation 4.81 1.Total value of bonus shares issued 11.00 -3.Debt equity ratio [(C+D) to E] 8.268 51.572 (13.500 0 89.027 13.Issued.847 72.46 11.500 0 (62.657 0 0 G.631) 2.14 0.235) 9. A.454 573.239 1.565 52.Capital work in progress 2.15 0.276 20.86 113. shares] 17.039 0 2.673) 74.520 630.729 91.Current Assets (B1+B2+B3+B4+B5) 1.54 17.80 -0.158 0 538.024 1.Financial Statement Analysis of Non Financial Sector 2013 Ishtiaq Textile Mills Ltd.887 14.814 62.Salaries.020 86.884 273.793 20.039 3.10 3.500 42.560 0 14.Net profit margin (F7 as % of F1) 15.795 4.35 1.073 98.28 3.95 3.422 0 0 39.Trade Debt 4.793 313.135 0 174.678 184.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.991 325.749 0 (87.23 3.Cost of goods sold to sales (F2 as % of F1) 7.21 87.Trade Debt as % of sales (B3 as % of F1) 4.360 232.Cost of material ii).15 -1.31 1.500 0 (81.37 2.882 0 0 65.431 2.58 2.247 0 18.242 178.706 630.97 92.919 6.304 78.899 342.21 7.873 246.553 55.513 58.36 0.095 42.Assets turnover ratio [F1 to (A+B)] 5.540 0 (14./share) [(F7-F8)/No.742 151.02 0.308 3.Selling & distribution expenses ii). G1) 11.18 -20.43 10.01 5.837 0 0 (60.025 44.168 73.376 94.054 5.11 3.371 21.90 31.467) 111.58 2.Gross Profit 4.298 42.34 0.11 8.867 287.276 0 29.963 292.991 40.Cost of sales i).996 807 44.667 131.332 50.581 62.97 9.874 42.500 42.844 573.Return on assets [F7 as % of avg.Other current liabilities D.84 2.313 8.291) 116.952 34.794 8.108 3.176) 0 (12.50 4.388 127.40 90.243 135.321 27.24 2.524 134.596) 6.04 1.455) 135.340 132.Miscellaneous 1.73 1.Other non-current liabilities E.388 153.Long term investments 7.28 2. of Ord.464 475. administrative and other expenses i).54 -2.500 42.017 91.98 -17.020 0.317 196.424 0 17.141 279.74 8.044 8.784 0 564.22 1.142 7.36 0.Employees benefit obligations 5.Financial expenses as % of sales (F6 as % of F1) 3.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.873 42.352 226.92 Items 538.770 18.89 10.610 248.424 0 0 39.500 0 (45.Other input cost 3.747 14.705 0 137.82 0.434 0 51.Ordinary Shares ii).450 12.12 32.Long term unsecured loans 3.17 8.494 0 519.97 3.524 (87.455) 0 0 0 (28.796 11.233 1.489) 104.382 (63.352 0 239.Net profit before tax 8.01 3.500 42.742 264.362 (11.461 0 14.03 76 .57 6.285 45.800 0 (40.Capital Reserve ii).795 135.585 42.Shareholders Equity (E1+E2+E3) 1.08 -9.265 272.437 3.990 0 0 (89.426 191.817 511.053 234.465 190.481 0 538.006 7.323 42.297) 51./share) (E/No.467) 0 (81.36 31.291) 0 (62.52 22.Inventories 3.886 295.364 27.944 0 0 39.Current Liabilities (C1+C2) 1.Preference shares 2.191 202.Acid test or quick ratio[(B1+B3+B4) to C] 2.Total amount of dividend 10.574 F.935 0 16. wages and employee benefits 6.81 -8.00 15.Tax expense (current year) 9.675 0 0 39.143 13.313 15.725 0 137.633 345.19 0.395 17.004 0 0 39.579 73.General.039 0 175 41.25 2.312 33.21 3.30 4.653 435.696) 220.568 5.Depreciation for the year 5.540 0 17.Cash flows from operations 531.79 6.34 -16. E) 10.Short term Secured loans 2.627 110.589 39.93 36.180 5.93 26.30 0.85 12.43 -8.137 0 137.026 184.Short term investments 5.Sales i).451 0 137.039 0 2.699 342.06 6.318) 0 (45.Operating fixed assets at cost 3. Subscribed & Paid up capital i).884 239.Contractual Liabilities (G2+C1) H.08 -5.92 17.721 16.80 106.551 91.121 693.Cash & bank balance 2.Debentures/TFCs 4.093 17.695 13.038 0 1.Other non-current assets B.10 0.49 0.Reserves i).471 98.Financial expenses of which: (i) Interest expenses 7.661 17.42 25.176) 103.401) 475.99 1.667 0 88.66 -35.288) 91.672 16.Break-up value shares (Rs.500 0 (36.Inventory Turnover Ratio (F1 to B2) 13.Operating cash flow to debt ratio [F11 to (C+D)] 16.464 0 538.Retention in business (F7-F8-F9) 4.87 -0.780 97.811 30.Revenue Reserve 3.453 275.453 21.064 19.431 167.71 97.183 13.Local sales (Net) ii).756 (40.Non-Current Assets (A1+A3+A5+A6+A7) 1.05 -17.884 256.Intangible assets 6.Total capital employed (E+D) 2.635 192.56 0.77 12.Dividend cover ratio [(F7-F8) to F9] 12.871) 576.86 12.87 6.Return of equity (F7 as % of avg.449 0 533.02 -2.814 107.297) 0 0 0 65.948 145.Operation: 1.060 0 538.852 13.112 39.55 -29.373 - 187.Return on capital employed ( F7 as % of avg.98 2.494 531.45 -18.490 (11.844 0 499.716 105.489) 0 (36.621 15.961 225.389 144.433 2.453 155.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 292.73 2.633 115.916 0 33.500 42.500 42.318 288.449 576.

65 23.10 0.54 17.Net profit margin (F7 as % of F1) 15.Contractual Liabilities (G2+C1) H.000 0 12.688 195.130 14.331 1.180 56.Other input cost 3.984 549.999 243.437 289.152 2.Other non-current liabilities E.79 346.Ordinary Shares ii).07 2.882 359.000 0 642.16 Items 610.299 73.06 4.46 1.515 1.805 39.053 96.006 50.208 1.286 72.62 3.024.725.58 6.042 164.058 776.829 41.876.06 1.Cost of goods sold to sales (F2 as % of F1) 7.Earning per share after tax (Rs.754 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.43 50.31 2. A.57 -3.34 8.559 118.60 6.820 1.665 10.030 0 128.157 489.194 290.261 51.573 21.114 41.Cost of material ii).270 85.579 480.414 643.006 (149.389. shares) - - 3.Employees benefit obligations 5.183 (145.Revenue Reserve 3.Financial expenses as % of sales (F6 as % of F1) 3.67 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 594.083 18.278 5.077 21.094 549 641.04 16.507 104.82 699.380.23 0.004.Current Assets (B1+B2+B3+B4+B5) 1.227 242.944 94.985 82.Other current assets C.578 5.76 34.112 4.889 280.472 637.633 0 0 21.01 0. of Ord.786 119.031.646.71 1.100 1.508 1.01 3.789 774.631 22.924 594.57 0. administrative and other expenses i).292.Total amount of dividend 10.193.546 111.Return on assets [F7 as % of avg.65 0.418 206.Assets turnover ratio [F1 to (A+B)] 5.166) 5.47 83.Shareholders Equity (E1+E2+E3) 1.534 343.000 0 11.064.Selling & distribution expenses ii).24 0.698 1.Local sales (Net) ii).750.53 1.170 100.26 12.147 110.177 2.Cash flows from operations 1.25 20.876 0 168.00 0.967.51 16.615 634.840 513.873 21.324.Current Liabilities (C1+C2) 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.319.736 25.Total fixed liabilities (D1+D3) 3.Miscellaneous 1.Long term secured loans 2.Total capital employed (E+D) 2.669.(A+B)] 9.440 60.248 91.822 1.812 31.Trade Debt 4.251 0 375.395 720.646 983.110 1.624 271.71 77 .479 (33.365.814 0 0 0 18.716 0 163.000 0 344.415.Retention in business (F7-F8-F9) 4.Gross Profit 4.040 287.240) 618.809 10.535 127.376 929.98 15.493 60.000 0 209.Inventories 3.28 5.89 92.78 1.071 156.836 5.057 693.841 344.06 84.816 1.633 361.507 641.Operating cash flow to debt ratio [F11 to (C+D)] 16.546 615.744 0 0 G.710 58.75 165.164 0.584 239.566 2.923 758.Short term Secured loans 2.637 3.82 1.500 0 235.287 5.Non-Current Assets (A1+A3+A5+A6+A7) 1.214 171.429 576.60 1.218.Financial expenses of which: (i) Interest expenses 7.394 868.000 5.Trade Debt as % of sales (B3 as % of F1) 4.42 2.000 5.418 10.648.496 79 569.853 - F.48 686.74 4.308 31.999 1.60 31.415 232.715 440.000 0 829.314 318.Inventory Turnover Ratio (F1 to B2) 13.15 78.Depreciation for the year 5.531 225.354 84.572 180.Current ratio (B to C) 6.260 251.578 62.72 -11.046 255.418 244.545 336.185 352.139 0 58.Long term investments 7.832 16.317 28.131 916.685 126.Reserves i).062 5.Return on capital employed ( F7 as % of avg.415 1.37 1.Export Sales (Net) 2.374 173. of Ord.663 0 (38.627.256 83.810 0 284.64 8.883 569 19.372.02 77.904 427.500 0 373.180 143.Administrative and other expenses 5.75 0.332 0 218.596 0 655.581 555.736 706.61 -7.Issued.Break-up value shares (Rs.61 32.000 0 273.711 5.210 16.111 284.776 84.56 -3.447 - 1.44 7.000 5.Total value of bonus shares issued 11.195 30.38 0.682.763 1.88 1.403.713 1.001 984.414 1.38 0. G1) 11.Tax expense (current year) 9.69 2.77 85.584 1.593 60.742 963.810 349.363 558 208.12 1.Capital work in progress 2.588 26.06 1.659 889 631.000 0 1.Operating fixed assets after deducting accumulated depreciation 4.882 452. shares] 17.Long term unsecured loans 3.043.Operation: 1.921 22.515 12.774 86.99 0.58 145.13 3.541 26.874 317.777 26.357 720.79 -0.121 27.55 1.367 493.136 937.33 18.54 -42./share) (E/No.981 385.854.Intangible assets 6.261 633.809 80.405 6.77 8.826 155.047 160.Return of equity (F7 as % of avg.684 117.20 9.932 0 0 0 13.470 71 406.03 -298.412 137.45 25.93 0.050 66.263 54.653 1.794 566.830 842.218 2.Preference shares 2.380 1.522 577. E) 10.962 805 829.57 728.830 362.500 0 235.902 143.745 19.06 -22.760) 3.805 317.Financial Statement Analysis of Non Financial Sector 2013 Island Textile Mills Ltd.Debt equity ratio [(C+D) to E] 8.776 162.439 307.114.146 119.910) 452.621 284.19 2.701 75 825.553 0 302.Key Performance Indicators 1.330 1.000 5.322 109.363 324 708.39 828.81 1.249 221.Short term investments 5.76 5.576 2.Operating fixed assets at cost 3.336 2.31 1.355 93.Other non-current assets B.54 12.117 136./share) [(F7-F8)/No.12 18.42 7.236 486.713 35.Net profit before tax 8.104 155.976 327.Other current liabilities D.000 5.360 0 255.768 0 411.674 370.261 163.63 417.13 -11.107 746.09 14.189 280.97 3. Subscribed & Paid up capital i).200.345 172.00 -77.General.Dividend cover ratio [(F7-F8) to F9] 12.783 179.43 13.33 19.242 434. wages and employee benefits 6.Capital Reserve ii).162 135.973 544.52 0.286 73.Sales i).384 48.61 75.194 71.Cash & bank balance 2.791 0 68.568 87.Salaries.070.176 160.684 92.000 5.000 0 19.020 477.11 47.Debentures/TFCs 4.552 11.093 1.853 5.227 350.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Cost of sales i).248 127.475 532.31 5.742.480 0 0 30.386 533.22 -10.50 58.481 1.220 463.894 378.14 0.

012 126.010 399.Other non-current liabilities E.545 0 (36.88 4.720 5.43 -0.044 846.012 126.70 106.405 27. wages and employee benefits 6.29 6.Employees benefit obligations 5.878 38.967 30.803 0 0 G.728) 0 (268.52 -18.306 12.222 578.904 0 77.186 0 0 17.Return on capital employed ( F7 as % of avg.995 275.Inventory Turnover Ratio (F1 to B2) 13.Salaries.052 150 0 11.Total value of bonus shares issued 11.Depreciation for the year 5.929 94.Key Performance Indicators 1.Debt equity ratio [(C+D) to E] 8.51 18.09 -0.Financial Statement Analysis of Non Financial Sector 2013 J.13 9.700 137.67 -10.904 277.947 64.085 575.50 26.564 20.Current Liabilities (C1+C2) 1.Earning per share after tax (Rs.Selling & distribution expenses ii).661 13.557 28.111 44.925) 554 0 0 (9.52 -0.198 72.012 126.Other current assets C.367 15.General.111 (7.409 0 94.Dividend cover ratio [(F7-F8) to F9] 12.657 41.Revenue Reserve 3.213 15.Cash & bank balance 2.35 0.068 0 0 101.Non-Current Assets (A1+A3+A5+A6+A7) 1.Cost of material ii).Trade Debt as % of sales (B3 as % of F1) 4.927 332.34 0.00 1.Other current liabilities D.237 7.03 -3.736 212 0 2.26 10.173 53.508 0 43.057 0 299./share) (E/No.111 (656) 15.73 10.07 -0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.306 590.Cost of goods sold to sales (F2 as % of F1) 7.801 589.00 -2.172 138.93 96.Capital Reserve ii).668 8.281 15.93 1.36 4.962 293 18.873 0 0 10.578) - F.75 0.035 15.00 1.111 299.900 50.Return on assets [F7 as % of avg.111 0 15.223 21.012 126.16 97.Return of equity (F7 as % of avg.012 0 (272.309 795.431 0 94.60 0.603 15.835.174 127.652 15.Intangible assets 6.190 322.332) 11.663 386.Administrative and other expenses 5.992 20.013 190.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 332.111 477.22 2. shares] 17.Net profit margin (F7 as % of F1) 15.46 12.651 0 0 16.637 0 18.398 0 403.772 599 12.896) 15.375 15.Operation: 1.869 0 1. administrative and other expenses i). Subscribed & Paid up capital i).530 5.228 205 0 (40.50 1.Issued.678 860.82 0.40 1.03 0.201 0 2.05 5.297 6. A.(A+B)] 9.03 0.008 547.54 0.Current ratio (B to C) 6.111 5.Other non-current assets B.088 299.505 8.677 352.49 2.Cash flows from operations 572.192 15.907 444.807) 0 (272.012 0 (208.603 280.030 0 0 17.89 0.Debentures/TFCs 4.619 44.773) 0 (278.111 177.Total fixed liabilities (D1+D3) 3.117 13.Other input cost 3.569) 244.183 167.Financial expenses of which: (i) Interest expenses 7.51 -0.86 - - - - - - -5.206 22.877 235.14 0.06 -0.778 127.176 566.36 0.561 10.04 0.Short term Secured loans 2.Trade Debt 4.17 0. of Ord.Sales i).16 2.Total amount of dividend 10.63 5.Local sales (Net) ii).37 -0.053 540.012 0 (278.689 10.773) 228.190 37.00 8.111 174.111 177.Operating cash flow to debt ratio [F11 to (C+D)] 16.479) 15.569) 0 (208.012 126.652 126.Miscellaneous 1.984 439.92 -8.87 5.54 0.191 126.376 22.689 0 0 19.587 3.A.34 0.40 0.61 12.40 3.084 (33.820 46.034 153.433 0 0 53.Export Sales (Net) 2.Total capital employed (E+D) 2.32 103.292 1.533 203.17 0.396 2.502 18.330 0 0 16.Break-up value shares (Rs.99 1.891 26.149 0 0 17.728) 205.587 12.014 26.574 509.085 0 0 17.50 -43.521 701.474 77.877 0 65. shares) 78 - - - - - - 21.74 0.338 14.558 15.391 87.136 126.Preference shares 2.391 750 0 (245) 7.Long term secured loans 2.11 3.812 24.480 591.Contractual Liabilities (G2+C1) H.627 63.111 171.982 233.932 43.012 0 (268.402 549.04 0.199 0 0 84.057 15.919 31.65 35.504) 571.345 432.00 0.412 14.002 69.10 0.771 47.434 126.Operating fixed assets after deducting accumulated depreciation 4.05 3.264 570.975 15.481 (18.591 1.206 716.Gross Profit 4.Reserves i).249 1. E) 10.00 2.96 97.63 3.155 15.756 556.Cost of sales i).342 56 0 27.111 (41.471 305. Textile Mills Ltd.439 75.79 -7.11 .19 2.298 2.Net profit before tax 8.116 157.731) 0 (170.Current Assets (B1+B2+B3+B4+B5) 1.09 1.616 0 0 7.10 Items 387.088 19.Long term unsecured loans 3.398 414.522) 0 309.709 162.111 305.38 0.218 4.847 15.982 0 43.731) 235.Operating fixed assets at cost 3.693 433.058 14.508 236.08 0. of Ord.463 65.807) 216.691 11.460 126.Ordinary Shares ii).012 0 (170.Assets turnover ratio [F1 to (A+B)] 5.41 0.111 439.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.079) 12. G1) 11.05 0.Capital work in progress 2.Shareholders Equity (E1+E2+E3) 1.561 (29.414 307.593 17.Short term investments 5.90 8.629 15.111 178.54 15.03 1.613 43.03 0.111 0.Acid test or quick ratio[(B1+B3+B4) to C] 2.Long term investments 7.576 8.230 292.Tax expense (current year) 9.719) 2.954 0 0 27.012 63.096 23.026 32.52 -26.434 126.019 15.891 9.28 32.558 389.012 126.022 50.060 0 569 42.239 82.34 0.280 12.735 13.372 0 388.Inventories 3.40 -23.601 15.409 287.01 1.674 539.47 92.Retention in business (F7-F8-F9) 4.Financial expenses as % of sales (F6 as % of F1) 3.179 - 480.22 0.99 0.227 270 13.012 0 (13.943 231 0 46.111 112./share) [(F7-F8)/No.

92 5.476.492 30.678 451.593) 1.578 137.55 2.253 - F.Operating fixed assets at cost 3.157.517 0 373.687 35.273 437.K.Tax expense (current year) 9.415 609.15 0.83 0.622 4. wages and employee benefits 6.280 2.249.82 12.379 194.832.970 3.357 450.777 2.78 0.16 -0.855 444.Operating fixed assets after deducting accumulated depreciation 4.973 4.Non-Current Assets (A1+A3+A5+A6+A7) 1.592.000 70.Reserves i).432.55 5.764.679.008.388 629.83 3.487 1.40 0.439 92.933 264.Operating cash flow to debt ratio [F11 to (C+D)] 16.04 78.12 -0.Current Assets (B1+B2+B3+B4+B5) 1.919 540.221 0 0 9.901 0 34.149 396.94 33.Operation: 1.000 0 0 264.97 11.857 291.953 63.81 1.005 0 0 1.Trade Debt as % of sales (B3 as % of F1) 4.382 45.725 130.714.000 70.21 6.Depreciation for the year 5.Total value of bonus shares issued 11.422 96.Shareholders Equity (E1+E2+E3) 1.791 441.472 12.143 0 362.06 0.Local sales (Net) ii).791 0 192.418 449.21 0.858 91.406.124 9. shares) - - 4.617 1.454 207.04 5.378 608.Revenue Reserve 3.631 1.491 5.418 899.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.918.647 740.987 966.155 687.044 0 (15.488.68 -0.Financial expenses of which: (i) Interest expenses 7.524 1.32 34.72 0.340 54.Cost of material ii).Current Liabilities (C1+C2) 1.183 1.268 5.630.636 47.636 864.400 29.535 1.548 516.344 1.548 0.39 Items 997.021 612.Employees benefit obligations 5.343 70.852 284.061 328.060.691 2.313.079 72.609 758.Other current assets C.844 7.216 101.19 -1.200 107.Return on assets [F7 as % of avg.111 3.869) 328.26 -1. shares] 17.703 641.693 300.Other current liabilities D.638 1.791.94 0.750 183. of Ord.084 0 0 8.44 13.Salaries.750 102.Contractual Liabilities (G2+C1) H.33 3.16 12.017.923 253.406 0 117.Retention in business (F7-F8-F9) 4.000 0 0 264.254 66.Gross Profit 4.610 225.253 24.79 44.248.794 194.014 289.Capital work in progress 2.406 150.319) 291.512 65.Administrative and other expenses 5.745 1.442.384.416 216.63 2.000 0 158.10 2.000 0 0 277.Selling & distribution expenses ii).703 2.895 3.275 75.769 241.617 3./share) (E/No.033 0 1.163 300.15 0.805 131.010.Debentures/TFCs 4. E) 10.Long term secured loans 2.869 97.666 3.29 0.442 937.57 86.98 -0.730.01 0.824 3.447 45.430 528.864 263.04 79 .698.616 615.312 404.88 89.017.683 147.290 1.889 364.751 0 366.750 0 (763.442 2./share) [(F7-F8)/No. of Ord.Net profit margin (F7 as % of F1) 15.Total capital employed (E+D) 2.Financial Statement Analysis of Non Financial Sector 2013 J.275 228.858.591 275.Miscellaneous 1.033 609.327.247 609.061 60.467 4.82 5.Total amount of dividend 10.Other input cost 3.98 1.Cost of sales i).451 1.Issued.453 547.017 73.595 36.Export Sales (Net) 2.807 333.180.641 175.28 12.02 2.185.15 10.354 421.696 322.Cash & bank balance 2.775 6 124.252 597.701 (10.163 139.273 690.849 3.128 1.82 135.04 23.709 951.693 315.Net profit before tax 8.385.220 168.888 0 0 101.89 1.63 0.Financial expenses as % of sales (F6 as % of F1) 3.Inventory Turnover Ratio (F1 to B2) 13.033 0 1.767 0 423.791 19.67 18.Acid test or quick ratio[(B1+B3+B4) to C] 2.035 358.491.097.615 8.602 20.29 6.631.726 28.455) 4.16 9. G1) 11.837 8.513 178.705 614.27 12.501.216 2.Total fixed liabilities (D1+D3) 3.766 0 49.482 118.352 35. administrative and other expenses i).78 0.468 2.237 59.764 112.140 2.930 650.Cash flows from operations 747.319.517 112.Intangible assets 6.432 2.019 210.33 0.54 0.080 300.124 88.341.89 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.089) 7.468 517.480 433.938 65.28 84.472 743.467 380.761.909 1.43 85.137.18 49.Capital Reserve ii).78 10.223 950.993 (1.36 8.864 0 158.055 22.112.Assets turnover ratio [F1 to (A+B)] 5.200 - 835.321.Trade Debt 4.044.Current ratio (B to C) 6.299 952.109. Spinning Mills Ltd.37 -0.698.38 2.799 352.465 906.44 1. Subscribed & Paid up capital i).585.545 191.298 145.016 341.472 899.193.Preference shares 2.416 1.303 0 0 23.41 7.988.148.33 22.784 6.Cost of goods sold to sales (F2 as % of F1) 7.810 291.240 634.303.733 1.42 6.Long term unsecured loans 3.842.04 -0.27 1.Return of equity (F7 as % of avg.483.007 26.024 35.733 477.(A+B)] 9.90 5.247 29.15 4.901 316.710 332.35 3.Long term investments 7.258 0 341.Short term Secured loans 2.000 0 34.278.12 -0.779 69.864 0 0 G.Debt equity ratio [(C+D) to E] 8.154.984 1.86 0.15 6.696 71.247 91.16 5.060.399 3.Other non-current liabilities E.82 0.759 2.426 183.217 1.445 132.080 382.255.276 0 0 40.956 3.596 1.710 (2.Ordinary Shares ii).845 0 0 71.55 25.Other non-current assets B.000 0 371.623 289.246 254.622 37.Inventories 3.299 48.253 70.415 22.43 0.75 -2.084 71.293 481.655 180.44 11.497 0 0 10.19 0.636 1.000 175.034 1.19 63.872.888 241.752 181.General.87 1.44 2.171 646.Break-up value shares (Rs.904 1.775 146.03 1.506 7.043 1.112 152.520 22.536 714.713.59 18.00 -2.12 7.437 3.49 83.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 951.067 2.245 354.60 4.439 192.252 73.94 16.Return on capital employed ( F7 as % of avg.396 6.351.Earning per share after tax (Rs.745 0 341.63 1.Dividend cover ratio [(F7-F8) to F9] 12.000 8.709 1. A.345 304.088 151.033 609.Sales i).005 5.Short term investments 5.41 60.82 7.750 0 1.36 6.176.642.383 901.014 1.909 73.872.85 7.28 2.Key Performance Indicators 1.828 161.46 22.

046 285.561 0 52.781 2.49 5.406 311.303 210.29 3.Other non-current assets B.956 59.342 574.75 3.04 13.043 2.043 517.48 0.63 3.623 1.92 0.064 43.72 0.22 -11.413.278.604 243.841 0 1.863 0 13.675 41.79 0.371 49.776 0 478.34 0.746 5.Total fixed liabilities (D1+D3) 3.450 2.911 1.681 13.773 37.281 831.726 60.38 -7.72 2.130.16 34.Short term investments 5.78 0.400 206.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.655 0 869.885.804 2.839 4.39 2.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.33 0.Assets turnover ratio [F1 to (A+B)] 5.937 244.222.438 0 0 17.784 2.73 15.Net profit before tax 8.59 0.311 1.Financial Statement Analysis of Non Financial Sector 2013 Janana De Malucho Textile Mills Ltd.Cost of material ii).451.66 94.79 7.048 0 2.094 826.12 22.Return on capital employed ( F7 as % of avg.026 36.57 4.Dividend cover ratio [(F7-F8) to F9] 12.193 913.942 467.523) 881.723 (149.221 559.714.453 277.86 11.788 1.Current Assets (B1+B2+B3+B4+B5) 1.(A+B)] 9.873 130.218 1.652 41.Total amount of dividend 10.822 584.62 2.03 3.411 25.940 9.693 200.54 0.20 0.264 617.385 1.057 89.03 8.270.312 478.393 53.35 0.Long term secured loans 2.314.775 68.262 519.474 1.916 429.Total value of bonus shares issued 11.422 62.247.73 1.063 18.071.Salaries.332 0 63.338 1.483.892 85.367.577 715.05 -13.071.33 0.647 40.970 90.082 0 78.349 0 0 29.438 2.101 9.300 0 2.596 61.696 278 312.266 730.048 317.000 62. A.Long term unsecured loans 3.Capital Reserve ii).142 7.182.73 0.608 53.524.126 748.85 0.058 21.Return on assets [F7 as % of avg.028.781 587.09 1.339 0 0 10.643 1.43 3.948 2.462 29.302.959 151.379.472 2.481 21.615 31.193 508.03 0.681 0 157.Financial expenses as % of sales (F6 as % of F1) 3.08 11.700 2.984.331 0 108.18 1.32 4.545 125.Other input cost 3.750 73.07 89.132 174. administrative and other expenses i).705 501.339 (151.87 Items 1.655 31.290.314.454.615 143.Return of equity (F7 as % of avg.Current ratio (B to C) 6.848 47.11 8.142.953.427 460.069 339.20 4.405 375.36 0.Operation: 1.846 2.Employees benefit obligations 5.99 -0.848 0 389.596 7.016 90.02 0.914 5.87 262.438 148.881.644 53.537 1.83 0.892 109.862 108.530 1.Capital work in progress 2.850 364.087 31.629 321.469 250.092 430.487 0 0 128.Cash & bank balance 2.190 262.436 5.Selling & distribution expenses ii).39 11.547 7.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.134 671.91 91.811 767.395 98.Contractual Liabilities (G2+C1) H.718 47.44 5.Net profit margin (F7 as % of F1) 15.953.84 408.834 0 0 175.790 58.987 174.472.203 110.Key Performance Indicators 1.679 0 2.345 462.511 41.78 0.284 1.787 1.Inventories 3.738 0 1.091 630.444 190.610 1.217.50 317.390 104.Operating fixed assets at cost 3.99 0.47 0.19 3.228 2.010.361 2.527 0 144.Cost of sales i).Gross Profit 4.265 3.623 0 73.Depreciation for the year 5.Total capital employed (E+D) 2.48 0.00 4.562.88 5.205 701.81 86.Retention in business (F7-F8-F9) 4.633 5.45 2.983 18.Financial expenses of which: (i) Interest expenses 7.511 93.755 257.Intangible assets 6.023.524.497.522.940 698.Cash flows from operations 1.848 0 602.008 770.22 0.Tax expense (current year) 9.600 661.432 - F.061 15.432.177 358. Subscribed & Paid up capital i).495 379.71 6.Current Liabilities (C1+C2) 1.Export Sales (Net) 2.565 43.929 2.Reserves i).17 1.670 555.82 78.560 52.881 26. shares] 17.Ordinary Shares ii).571 847. E) 10.27 -17.569 214.01 3.559 293 0 0 142.483.Other current assets C.679 2.Local sales (Net) ii).510 1.696 1.66 80 .469 617.481 285.36 12.014.670 446.000 273.246.134.823 326.53 9.672.604 103.03 -47.848 47.Operating fixed assets after deducting accumulated depreciation 4.432 1.655 0 138.404 0 202.994 2.484 0 2.Revenue Reserve 3.003 54.72 303.142 2.25 1.357.725 34.09 0.295 1.730 31.Miscellaneous 1.403 146.30 7.848 47.000 143.89 15.369 0 0 338./share) [(F7-F8)/No.Debt equity ratio [(C+D) to E] 8.Sales i).938 125.70 0.59 1.948 0 2. wages and employee benefits 6.537 0 1.274 534.982 109.841 2.003 1.682 5.071.420 688.198 77.174) 2.Preference shares 2.773 19.11 82.Operating cash flow to debt ratio [F11 to (C+D)] 16.848 0 844. G1) 11.99 2.655 31.738 1.Other current liabilities D.061 239.635 0 0 G.892 0 0 48.Long term investments 7.Break-up value shares (Rs.064 0 296.611 0 978.339 1.960 771.36 284.825.93 2.602 3.57 0. of Ord.793 460.514.29 65.Non-Current Assets (A1+A3+A5+A6+A7) 1.877.453 371.095 47.General. of Ord.845 1.Short term Secured loans 2.978 278 0 0 66.876 140.776 901.761 12.130.613 1.Earning per share after tax (Rs.501 1.Issued.81 1.226 - 1.70 0.88 4.714.Inventory Turnover Ratio (F1 to B2) 13.567 0 10.Other non-current liabilities E.Cost of goods sold to sales (F2 as % of F1) 7.53 0.95 4.563 82.66 0.957 0 121.874 47.454.970 0 604.950 0 85.208 210.Trade Debt as % of sales (B3 as % of F1) 4.199 461.870 34.553 326.212 791.510 164.821 111.944.679 82. shares) - - - - - - 2.172 272.452 66.678 0.10 18.433 2.621 3.Administrative and other expenses 5.Trade Debt 4.Debentures/TFCs 4.546 142.26 456.929.642 526.801 584.196 2.Shareholders Equity (E1+E2+E3) 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.756 823.134./share) (E/No.611 1.

38 16.047 9.394 638.Tax expense (current year) 9.16 42.156 307.103 57.700 301.507 56.Issued.Retention in business (F7-F8-F9) 4.351 8.291 661.Financial Statement Analysis of Non Financial Sector 2013 Jubilee Spinning & Weaving Mills Ltd.847 273.564 4.31 3.Current Assets (B1+B2+B3+B4+B5) 1.Other current assets C.389 132.912 0 (282.88 0.12 101.Cash & bank balance 2.76 22.691 75.04 0.445 217.683 0 137.27 0.939) 31.141 29.501 5.433 48.74 -13.Cost of material ii).884) 586.76 3.008 29.Total amount of dividend 10.000 5.47 9.Trade Debt 4.232) 590.67 0.000 854.000 848.Acid test or quick ratio[(B1+B3+B4) to C] 2.232 324.902 0 0 35. administrative and other expenses i).326 859.Contractual Liabilities (G2+C1) H.223 19.912 324.128 (9.Dividend cover ratio [(F7-F8) to F9] 12.935 96.92 0.438 4.846 123.595) 2.00 20.986 141.719 25.243 3.Non-Current Assets (A1+A3+A5+A6+A7) 1.Other input cost 3.153 13.522 70.515) 3.017) (11.257 10.589 703.24 81 .41 2.47 - F.825 293.130 9.481) 26.548 110.344 24.965 0 0 (22.698 91.60 -3.866 324.412 30.70 -1.Current ratio (B to C) 6.Other non-current assets B.309 64. shares) - - - - - - 24.42 0.764 160.692 37.501 627.93 92.Ordinary Shares ii).076 0 0 32.11 0.158 0 0 43.007 107.Surplus on revaluation of fixed assets 857.45 -15.632 137.688 20.56 35.489 697.42 -16.395 40.553 13.467 565 101.885 0 741.Current Liabilities (C1+C2) 1.986 1.76 4.395 2.064 19.048 0 154.644 2.04 -49.Debt equity ratio [(C+D) to E] 8.291 0 134.002 535.Short term Secured loans 2.Salaries.53 -0.570 0 (3.90 0.Gross Profit 4.Total value of bonus shares issued 11.643 18.895 10.Assets turnover ratio [F1 to (A+B)] 5./share) (E/No.Cost of goods sold to sales (F2 as % of F1) 7.843) 585.130 14.767 10.922 46.048 359.Preference shares 2.628 13.480 154.265 228.840 0 0 16.42 2.52 51.Return of equity (F7 as % of avg.217 104.41 16.514 82.325 15.(A+B)] 9.451 781.589 0 665.384 118 3.703 (388.Intangible assets 6.78 0.201 48.074 324.912 0 (177.426 2.667) 587.18 0.Revenue Reserve 3.88 0.59 1.087 548.Long term investments 7.Inventories 3.76 -1.06 -0.964 0 871.473 (8.10 -1.400 703.954 (13.73 0.000 848.215) 20.Total fixed liabilities (D1+D3) 3.05 1.24 3.34 1.305) (170.978 37.898 596.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Other non-current liabilities E.Employees benefit obligations 5.88 4.Selling & distribution expenses ii).75 3.145 90.42 1.Return on capital employed ( F7 as % of avg.16 0.08 0. shares] 17.Operating cash flow to debt ratio [F11 to (C+D)] 16.912 324.076 (114.69 47.776 829.13 0.758 16.114 123.628 14.885 751.735 21.23 21.912 324.Capital Reserve ii).190 636.912 0 (182.468 24.Local sales (Net) ii).Capital work in progress 2.966 28.Short term investments 5.Total capital employed (E+D) 2.909 104.625 1.618 22.19 0.374) 22. G1) 11.Export Sales (Net) 2.25 1. E) 10.068 0 208.08 0.169 70.00 -0.396 1.186 666.848 56.907 31.49 -12.253 0 230.353 - (Thousand Rupees) 2012 2013 (282.221 324.223 45.483 636.058 27.007 2.975 32.774 0 0 39.758 0 0 398.Debentures/TFCs 4.Long term secured loans 2.215 604.497 45.120 151.117 0 24.902 (109.831 5.110 55.86 0./share) [(F7-F8)/No.378 19.984 29.50 26.345 657.962 3.397 29.Cost of sales i).451 394.Return on assets [F7 as % of avg.132 (107.221 56.37 -11.712) 514.Administrative and other expenses 5.Net profit margin (F7 as % of F1) 15.02 Items A.480) 102.98 -25.153 106.285 0 707.07 -3.91 -18.Financial expenses of which: (i) Interest expenses 7.99 106.610 (105.Operation: 1.687 9.747 0 0 43.531 32.17 0.066) G.253 217.739 783.Other current liabilities D.232) - 763. of Ord.632 20.Inventory Turnover Ratio (F1 to B2) 13.02 0.05 0.137 18.491 1.02 0.912 0 (363.62 101.121 1.747 66.Depreciation for the year 5.777 2.897 862.125 10.341 29.28 4.363 599.66 0.039 0.987 16.909 561.31 0.Miscellaneous 1.217 1.219 790.181) 12.228 0 0 26.553 267 147.844 49.General.27 1.96 0.Financial expenses as % of sales (F6 as % of F1) 3.Long term unsecured loans 3.798 763. 2008 2009 2010 2011 667.885 0 26.27 0.747 112.Reserves i).Earning per share after tax (Rs.373 324.317 42.681 43. of Ord.144 41.916 (4.000) 62.73 0.278 0 0 (48.64 0.98 0.Break-up value shares (Rs.18 -3.51 19.228 0 97.26 0.337 27. Subscribed & Paid up capital i).882 57.32 3.434 5.67 3.709 513.160) 8.40 -13.309 40.37 1.Key Performance Indicators 1.Net profit before tax 8. wages and employee benefits 6.873) 76.739 0 792.77 -17.375 783.728 (395.912 324.10 4.Cash flows from operations 751.41 -0.48 24.297 17.045 5.158 24.030 24.021 172.09 0.112 57.991 5.595 36.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.774 (13.Trade Debt as % of sales (B3 as % of F1) 4.480 0 301.690 4.Shareholders Equity (E1+E2+E3) 1.762 60.344 0 0 30.669 101.843) 0 (177.099 633.232 112.080 46.468 147.720 2.76 2.78 94.215 621.729 64.903 21.020 2.534 7.846 158.640) 0 0.Sales i).489 59.084) 394.Operating fixed assets after deducting accumulated depreciation 4.912 0 (376.430 8.989 649.82 0.169 0 289.202 732.750 49.221 679.47 -2.079 185.253 108.912 324.Operating fixed assets at cost 3.387 3.285 763.49 98.952 200.

Employees benefit obligations 5.03 25.03 -1.01 -633.09 48.Issued.192 0 1. E) 10.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 - F.Ordinary Shares ii). shares] 17.Non-Current Assets (A1+A3+A5+A6+A7) 2009 2010 2011 0 64 0 0 0 0 0 0 64 18 14 0 0 0 4 945 0 945 0 0 0 0 0 0 (863) 11.Non-Current Liabilities (D1+D2+D3+D4+D5) - 1.Sales i).40 -0.20 -0.36 20.Local sales (Net) ii).833 11.Other current liabilities D.Cost of material ii).00 0.28 10.General.Other non-current assets 0 0 0 0 90 23 0 0 0 67 764 0 764 0 B.Reserves i).Capital Reserve ii).495) 0 0 0 0 0 0 0 0 0 14 14 0 0 0 0 1.Total capital employed (E+D) 2.179 0 0 260 (1.Operating fixed assets at cost 3.495) 0 (13.Earning per share after tax (Rs.833 11.33 10. Items A.06 -306.00 0.Total fixed liabilities (D1+D3) 3.Other input cost 3.662) 0 (304) 0 (1.Other non-current liabilities 0 0 (674) 11.677 0 0 0 0 0 0 (1.01 - 1.Financial expenses of which: (i) Interest expenses 7.191) 0 0 0 0 0 0 0 0 0 15 15 0 0 0 0 1.74 -1.833 11.01 - - - 0.110) 11.Cash & bank balance 2.676) 0 (13.696) 0 (12.Key Performance Indicators 1.662) 11.833 0 (12.Return of equity (F7 as % of avg.Administrative and other expenses 5.00 0.696) 0 64 0 0 0 0 0 0 64 18 14 0 0 0 4 1.Long term investments 7.29 15.Return on assets [F7 as % of avg.833 11.Gross Profit 4.59 24.07 -0.439 0 1.Other current assets C.Preference shares 2.Revenue Reserve 3.Short term investments 5.16 -0.21 -0.843) 0 (181) 0 0.Debentures/TFCs 4.01 0.00 -0.191) 0 (13.943) 0 (12.46 -1.73 -0./share) [(F7-F8)/No. G1) 11.676) 0 0 0 0 0 0 0 0 247 0 247 0 0 0 (247) 0 0 0 (247) 0 0 0 0 0 0 0 248 0 248 0 0 0 (248) 0 0 0 (198) 0 0 0 0 0 0 0 304 0 304 0 0 0 (304) 0 0 0 0 0 0 0 181 0 181 0 0 0 (181) - - - 0 0 0 0 0 0 0 188 0 188 0 1 0 (189) 0 0 0 (189) 0 0 (112) 0 0 (56) (674) 0 (98) 0 (863) 0 (189) 0 (1.857 0 0 0 0 0 0 (1.Long term unsecured loans 3.03 0.94 -0.21 -1.08 -0.01 0.Return on capital employed ( F7 as % of avg.507) E. of Ord.Operating cash flow to debt ratio [F11 to (C+D)] 16.Acid test or quick ratio[(B1+B3+B4) to C] 2.Operation: 0 0 0 0 1.00 0.Current Assets (B1+B2+B3+B4+B5) 1.Inventory Turnover Ratio (F1 to B2) 13.677 0 1.192 0 0 0 0 0 0 (1.Operating fixed assets after deducting accumulated depreciation 4.Net profit before tax 8.248.833 11.943) 0 63 0 0 0 0 0 0 63 18 14 0 0 0 4 0 0 0 1.14 -0.02 0.833 0 (13.857 0 1.01 0.59 -1.833 0 (12.Dividend cover ratio [(F7-F8) to F9] 12.Selling & distribution expenses ii).843) 11.Break-up value shares (Rs.15 -0.Inventories 3.Retention in business (F7-F8-F9) 4.Tax expense (current year) 9.02 0. wages and employee benefits 6.Total value of bonus shares issued 11.Contractual Liabilities (G2+C1) H.833 0 (13.74 15.33 20.12 0.833 0 (12.09 -219.15 -1.01 -1.Total amount of dividend 10.07 -301.13 38.Trade Debt 4.33 - - - - - - 0.Trade Debt as % of sales (B3 as % of F1) 4.Current ratio (B to C) 6.Cash flows from operations 0 97 97 1 (98) 0 0 0 G.833 0 (13.Export Sales (Net) 2.Cost of sales i).18 -1.Debt equity ratio [(C+D) to E] 8.56 .21 -0.110) 0 (247) 0 81 0 (248) 0 (1. of Ord.Assets turnover ratio [F1 to (A+B)] 5.Capital work in progress 2./share) (E/No.59 25.Short term Secured loans 2.26 -1.Salaries.00 0.Intangible assets 6.Shareholders Equity (E1+E2+E3) 1.Current Liabilities (C1+C2) 1.Miscellaneous 1.88 24. administrative and other expenses i).57 -0.Cost of goods sold to sales (F2 as % of F1) 7.01 - - - 0.Net profit margin (F7 as % of F1) 15.00 0. Subscribed & Paid up capital i).Long term secured loans 2.Depreciation for the year 5.833 11.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.13 -113.03 -0. shares) 82 - - - - - - -1.Financial Statement Analysis of Non Financial Sector 2013 Karim Cotton Mills Ltd.358) 11.(A+B)] 9.Financial expenses as % of sales (F6 as % of F1) 3.

43 -3.Ordinary Shares ii).68 -4.655 246.77 0.17 -41.882 4.05 44. of Ord.295 16.752 14.936 346.09 4.01 -5.398 83.634 0 0 (3.40 -32.715 0 1.639 (3.95 172.02 2. shares) - - - - - - 13.42 0.93 1.405 241.09 -4.699) 195.Miscellaneous 1.451 47.10 1.03 2.682 6.403 (38.129) 1.Return of equity (F7 as % of avg.Total fixed liabilities (D1+D3) 3.000 107.661 17.Financial expenses of which: (i) Interest expenses 7.263 436.Total capital employed (E+D) 2.92 83 .000 0 (122.710 245.11 2.325 - F.309 71.95 -12.31 -3.133 0 383.07 1.342 230.923 (16.088 1.Cash flows from operations 657.Employees benefit obligations 5.315 8.07 1.097 0 (28.469 206.Short term investments 5.692 0 0 18.036 367.104 21.710 639.06 0.Operating fixed assets at cost 3.86 2.517) 93.Salaries.Preference shares 2.10 0.55 0.001 1.Other current liabilities D.80 -4.55 0.162 0 0 (12.17 0.103) 2.675 388.22 -23.699) 0 (161.62 105. shares] 17.Key Performance Indicators 1.00 -7.974 0 0 (20.286 0.Retention in business (F7-F8-F9) 4.857 0 208.405 455.169 4.Acid test or quick ratio[(B1+B3+B4) to C] 2.55 -10.160 600.000 107.Trade Debt 4.Short term Secured loans 2.788 0 10.250 107.Financial Statement Analysis of Non Financial Sector 2013 Khalid Siraj Textile Mills Ltd.20 1.General.965 9.171 191.Local sales (Net) ii).Current ratio (B to C) 6.000 0 (188.387 31.692 5.019 107.Break-up value shares (Rs.877 71.Assets turnover ratio [F1 to (A+B)] 5.132 7.304 430.854 97.862 38.850 419.870 - 431. G1) 11.169 0 13.092 19.673 161./share) [(F7-F8)/No.698 10.Cost of sales i).01 -2.60 0.24 -0.Debentures/TFCs 4.250 - 343.44 -1.990 473.000 107.Inventory Turnover Ratio (F1 to B2) 13.379 72.993 0 5.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 473.60 Items 380.511 11.120 918.35 9.000 107.74 -7.179 89. wages and employee benefits 6.146) 13.469 107.47 -0.979 0 865.50 -47.578) 1.63 0.032) 724.693 24.Cost of material ii).Long term secured loans 2.74 0.Total amount of dividend 10.337 107.322) 177.761 13.Tax expense (current year) 9.558 26.12 0./share) (E/No.000 0 (161.738) 164.572 141.Current Assets (B1+B2+B3+B4+B5) 1.857 3.Return on assets [F7 as % of avg.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Depreciation for the year 5.993 311 487.048 182.600 0 111.720 0 858.761 447.738) 0 (88.374 8.Intangible assets 6.988 15.044 93.Other non-current liabilities E.136) 796.697 (38.538 23.93 0.73 100.818 14.48 2. administrative and other expenses i).557 101.037 0 5.739 66.07 1.890 14.Shareholders Equity (E1+E2+E3) 1.Long term unsecured loans 3.743) 0 (204.30 -31.110.142 77.543 48.69 17.718) 15.482 0 0 37.688) 17.626 0 0 17.992 8.22 1.932 (34.628 0 207.357 326.795 140.088.76 -9.845 59.99 -31.002 349.76 2.07 15.Revenue Reserve 3.03 -9.127 107.743) 163.000 107.Issued.627 1.Capital work in progress 2.335 0 (46.733 293.Capital Reserve ii).938 23.11 6.33 -21.023 215.445 39.710 0 101.000 107.297 (77.Administrative and other expenses 5.Debt equity ratio [(C+D) to E] 8.39 2.288 0 0 G.693 0 150.460 0 7.(A+B)] 9.243 2.635 (56.007) 71.665 429.Non-Current Assets (A1+A3+A5+A6+A7) 1.Net profit margin (F7 as % of F1) 15.515 0 0 17.46 -14.545 1.854 233.592 167.127.Return on capital employed ( F7 as % of avg.59 0.13 40.229) 3.Other input cost 3.053 8.945 712.00 15.09 113.619 260. A.435 0 82.80 101.31 -7.379 330.442 0 805.084.181 443.941 107.128 691.624) 7.525) 5.265) 48.02 5.52 22.568) 11.520 281.442 796.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.469 (96.803 22.137 137.86 1.Export Sales (Net) 2.000 0 (88.068 2.64 -0.Contractual Liabilities (G2+C1) H.496 247 0 94.50 -1.050 69.Operation: 1.566 (25.091 9.725 204.Current Liabilities (C1+C2) 1.Selling & distribution expenses ii).18 -4.493 0 862.663 2.316 0 200.960 0 (80.79 1.85 -0.646 82.Other current assets C.748 (94.708 19.89 13.Inventories 3.403 1.440 185.18 -11.46 0.813 0 212.34 6.71 0.145) 3.207 406.221 90.86 101.712 50.25 1.631 121.433 (51.12 0.761 60.Other non-current assets B.000 0 (204.197 208.026 18.60 -5.Net profit before tax 8. Subscribed & Paid up capital i).Reserves i).582 18.042 98.924 34.045) 68. E) 10.511 0 858.222) 23.Operating fixed assets after deducting accumulated depreciation 4.Dividend cover ratio [(F7-F8) to F9] 12.33 -46.240 72.864 0 0 17.78 -13.80 -3.631 144.Earning per share after tax (Rs.Total value of bonus shares issued 11.Cost of goods sold to sales (F2 as % of F1) 7.767 1.110.682 521.854 0 0 17.Operating cash flow to debt ratio [F11 to (C+D)] 16.37 -15.405) 16.034 68.179 281.Long term investments 7.Gross Profit 4.343 640.023 17.694 60.718 17.Sales i).150 0 (63.23 -12.627) 0 (188.159 806.471 1.138 13.967 335.587 147.352 0 (44.477 0 0 (5.82 -0.286 159.96 0.Financial expenses as % of sales (F6 as % of F1) 3.033 95. of Ord.49 -1.598) 95.05 98.082.05 -4.089 40.142 387.779) 60.627) 178.639 101.435 (8.924 0 8.188 13.815 137.000 0 138.12 13.400 18.962 13.450 349.Trade Debt as % of sales (B3 as % of F1) 4.126 70.225 0 193.Cash & bank balance 2.322) 0 (122.519 0 76.715 1.938 19.

144) 269 0 0 (18.540 79 12.760 196.334 530.004 264.50 0. administrative and other expenses i).Total amount of dividend 10.430 3.547 0 0 161.593 104.Other input cost 3.Current ratio (B to C) 6.06 0.633) 0 (523.118 131.348 0 24.01 4.990 0 19.360) 104.546 51.795 - 292.33 -5.82 3.563 32.382) 131.31 117.325) 111.54 0.851 113.375 31.330 331.169 2.748 0 (523.944 212.281 (76. A.151) 311.475 23.Short term investments 5.127 3.18 -26.24 -12.00 - 0.Other current assets C.583 (100.255) 131.43 0.Financial expenses as % of sales (F6 as % of F1) 3.964 (67.19 -15.30 -0.39 33.76 77.748 131.312 0 840.Shareholders Equity (E1+E2+E3) 1.95 -19.444 18.Key Performance Indicators 1.936 0 6.267 0 (69.353 464.125 0 0 4.256 46.457 362.Total fixed liabilities (D1+D3) 3.174 5.Selling & distribution expenses ii).08 176.44 4.207 (53.Non-Current Assets (A1+A3+A5+A6+A7) 1.57 -37.877 528.Capital work in progress 2.748 0 (346.64 -55.574 0 821.593 0 184.Trade Debt as % of sales (B3 as % of F1) 4.Assets turnover ratio [F1 to (A+B)] 5.Break-up value shares (Rs.99 -37.485) 0 0 0 (22.941 (19.316 23.65 0.Cash flows from operations 378.03 -5.748 131.68 -26.Local sales (Net) ii).89 -0.932) 131.Intangible assets 6.Return on assets [F7 as % of avg.396 16.358 508.04 -7.607 289.89 0.174 0 0 1.835 110.893 0 0 G.831 0 132.522 585.36 2.94 0.927 (103.553 3.879 2.924) 502.753 (60.475) 0 (461.381 349.590) 0 (346.Export Sales (Net) 2.00 -5.590) 123.572 504.10 -14.301 99.56 99.Financial expenses of which: (i) Interest expenses 7.045 268.19 0.750 (91.838 69.Return on capital employed ( F7 as % of avg.Current Assets (B1+B2+B3+B4+B5) 1.068 (45.78 5.748 131.356 (76.920 292.Debt equity ratio [(C+D) to E] 8.00 -5.547 401.593 1.929 354 0 0 0 0 354 76.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 373.Long term investments 7.79 -3.541 9.Contractual Liabilities (G2+C1) H.567 216.242) 294.325) 0 (393.316 266.02 -7.138 101.200 169. shares] 17.554 85.Long term secured loans 2. of Ord. Subscribed & Paid up capital i).78 0.344 179.575 373.00 -34.Operation: 1.Operating fixed assets after deducting accumulated depreciation 4.Other non-current assets B.Issued.63 .Cost of material ii).Inventory Turnover Ratio (F1 to B2) 13.60 1.97 42.406 0 2.259 115.67 -17.Acid test or quick ratio[(B1+B3+B4) to C] 2.773 100.89 118.672 335.82 -37.54 -13.28 -2.263 0 23.393 133.13 0.342 0.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.76 -21.746 334.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.151) 0 0 0 8.Long term unsecured loans 3.026 60.43 -17.600 213.522 1.485) 325.91 -22.649 (37.616 2. of Ord.Operating fixed assets at cost 3.82 -9.748 0 (393.748 131.424 0 839.00 1.804 2.11 0.Cash & bank balance 2.125) 15.079) 0 0 0 0 0 0 0 66.Trade Debt 4.11 0.748 131.943 509.049 53.11 -15./share) (E/No.56 -20.761 409.944 0 0 0 2.778 57.89 -3.106 0 15.633) 288.748 131.75 -0.087) 155 0 0 (20.639 225.63 -6.673) 6.266 83.57 -2.768 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.018.17 -6.84 84 0.250 206.527) 131.130) - F.325 0 539.038 0 0 2.75 0.317) 18. G1) 11.491 253.92 1.281 99.695 583.624 0 397.266 71.Ordinary Shares ii).Administrative and other expenses 5.554 (100.Return of equity (F7 as % of avg.641 13.329 15.04 1.31 155.163 39.920 0 346.303 136.074 559.Retention in business (F7-F8-F9) 4.241 268.341 0 0 97.Total capital employed (E+D) 2.Short term Secured loans 2.496 (100.55 0.645 53.130 417.461 31.354 178.Net profit before tax 8.Miscellaneous 1.916 34.253 0 1.Debentures/TFCs 4.644 415.610) 110.678 13.799 68.413) 275.103 (126. wages and employee benefits 6.748 0 (461.209 69.949 264.337) 318.344 323.038 291.837) 16.91 1.00 2.Dividend cover ratio [(F7-F8) to F9] 12.(A+B)] 9.569 432.694 610 82.850 (150.Other current liabilities D.191 50.351 0 0 2.Preference shares 2.444 29.Sales i).026 1.Financial Statement Analysis of Non Financial Sector 2013 Khurshid Spinning Mills Ltd.03 11.930 (84.804) 131.Revenue Reserve 3.75 0.Current Liabilities (C1+C2) 1.337) 0 (495.53 Items 550.494 (100.General.46 105./share) [(F7-F8)/No.25 0.630 211.03 -5.24 -70.Salaries.Reserves i).41 0.31 116.00 0.828 196.493 (79.67 0.266 104.722 (74.624 378.672 41.576 11.00 0.871 278.Depreciation for the year 5.65 -7.Net profit margin (F7 as % of F1) 15.11 -21.496 93.475) 202.063 0 66.680) 12.293 502.520 1.384 225.134 56.Cost of goods sold to sales (F2 as % of F1) 7.055) 131.717) 1.21 82.100 16.303 (74.612 0 521.293 0 587.929 33.86 3.777 206.937 10. E) 10.063 447 9.Capital Reserve ii).524 0 0 1.649 0 253.194 9.Gross Profit 4.Tax expense (current year) 9.60 -11.748 0 (495.Other non-current liabilities E. shares) - - - - 3.748 0 (169.151 140.508 506.Inventories 3.383 56.187 36.929 11.Employees benefit obligations 5.594 916 5.Earning per share after tax (Rs.485 5.985 14.092 289.776 625 0 0 0 11.573 174.03 7.Total value of bonus shares issued 11.049 35.Cost of sales i).74 - - -26.

Cash flows from operations (7.14 6.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 - 488.992 12.Acid test or quick ratio[(B1+B3+B4) to C] 2.594 49.067) 0 0 0 0 0 0 0 0 2.Current Liabilities (C1+C2) 1.313 47 3.232 41.952) 258 (52.583) 9.28 0.00 0.83 -0.636) 80 0 0 1.32 .Operating cash flow to debt ratio [F11 to (C+D)] 16.155 59.71 0./share) [(F7-F8)/No.039 (40.Return on assets [F7 as % of avg.685 11 0 0 89 6.582 0 1.533 12.91 -68.95 -0.781 0 31.275 12.60 -0.349 (1.Financial Statement Analysis of Non Financial Sector 2013 Khyber Textile Mills Ltd.10 10.Assets turnover ratio [F1 to (A+B)] 5.496 0 0 0 (39.433) 0 0 0 4.716 1.Salaries.00 0.11 0.026 1 0 (1.716 0 8.642 49 0 0 0 6.Shareholders Equity (E1+E2+E3) 1.349 1.903) 12.016) 0 0 0 0 0 0 0 1.583) 0 0 0 (9.428 5 0 (2. E) 10.328 21.587) 0 0.587) G.251 236 (8.Inventories 3.436) 0 30.144) 0 (874) 0 451.879 31. of Ord.Export Sales (Net) 2.05 -1.(A+B)] 9.Total amount of dividend 10.650 57 0 0 0 6.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.640 47 0 0 0 6.210) 0 30.13 0.547 33.568 32.694 0 22. G1) 11.Local sales (Net) ii).13 0.00 0.127 0 27.43 -2.275 0 (52.27 -2.Total value of bonus shares issued 11.725 92 0 0 0 6.Depreciation for the year 5.01 -0.Selling & distribution expenses ii).493 33.Non-Current Liabilities (D1+D2+D3+D4+D5) - 1.116 213 0 24 0 11.05 -2.991 0 49.381 639 0 0 (1.Earning per share after tax (Rs.87 11.32 -0.Other current liabilities D.71 2.Cost of sales i).53 6. of Ord.900 0 0 90 3.Tax expense (current year) 9.991 28.01 -0.275 12.Miscellaneous 1.995 0 219.Intangible assets 6. shares] 17.15 -0.693) 12.Employees benefit obligations 5.Trade Debt as % of sales (B3 as % of F1) 4.271 6.837 4. administrative and other expenses i).91 -50.00 0.Issued.Short term investments 5.903 1.Net profit before tax 8.709 14 0 0 89 6.386) 460.21 85 - - - - - -2.Cash & bank balance 2.504 (18.314 30. Subscribed & Paid up capital i).Gross Profit 4.390 0 32.226) 0 30.633 63.61 0.00 0.Long term secured loans 2.903 0 2.18 -0.592 F.94 -6.273 10 0 (1.798 0 219.781 8.Ordinary Shares ii).29 340.427 4.Retention in business (F7-F8-F9) 4.38 150.939) 0 0 0 0 0 0 0 1.275 12.71 - - - - - 0.Inventory Turnover Ratio (F1 to B2) 13.493 417.Key Performance Indicators 1.00 - - - - - 0.Sales i).968) 258 (53.785 0 219.017) 0 (3.06 -0.433) 13./share) (E/No.Long term unsecured loans 3.314 30.696 13 0 0 89 6.16 0.724 17 0 0 9.08 316.Return on capital employed ( F7 as % of avg.Long term investments 7.732 488.275 0 258 E.Preference shares 2.00 0.Administrative and other expenses 5.987) 5.534) 12.03 -1.178) 258 (49.77 0.155 52.Short term Secured loans 2. Items A.314 30.275 0 (49.677) 12.Contractual Liabilities (G2+C1) H.13 -2.690 5.Other non-current liabilities 0 8.275 12. shares) -58.716) 0 (17.190 18 0 12.Current ratio (B to C) 6.31 -1.10 -32.088 0 0 1.Total fixed liabilities (D1+D3) 3.587) 0 (1.Other current assets C.Other non-current assets 2009 2010 2011 41.Current Assets (B1+B2+B3+B4+B5) 1.Break-up value shares (Rs.Financial expenses as % of sales (F6 as % of F1) 3.992 B.190 39.Revenue Reserve 3.Capital work in progress 2.302 642 0 0 (874) 0 0 0 (874) 0 0 0 0 0 0 0 2.Net profit margin (F7 as % of F1) 15.128) 258 (55.314 30.Total capital employed (E+D) 2.525 0 (8.275 0 (55.054 1.Other input cost 3.17 -30.00 -7.Cost of goods sold to sales (F2 as % of F1) 7.Capital Reserve ii).118) 9.00 0.02 -1.General.390 0 0 0 (35.Reserves i).Operating fixed assets at cost 3.275 12.Debentures/TFCs 4.786 9.34 2.Financial expenses of which: (i) Interest expenses 7.251 2.376 2.194 15.275 12.302 - 0 0 0 0 0 0 0 8.92 -2.Return of equity (F7 as % of avg.232 0 (1.682 19.Dividend cover ratio [(F7-F8) to F9] 12.275 0 (47.Non-Current Assets (A1+A3+A5+A6+A7) 1.75 14.29 11.Debt equity ratio [(C+D) to E] 8.774 0 219.01 1.593 56.992 (36.09 3.83 -33.272 20.593 40.381 0 2.266 40.809) 258 (48.76 -65.Operation: 14.71 -28.12 0.445 0 0 8.00 0.568 0 40.566) 0 (1.547 40.015) 2 0 0 (1.25 -12.194 (2. wages and employee benefits 6.16 0.00 0.739 12.275 0 (51.582 1.694 14.Trade Debt 4.349 (12.360) 2.Operating fixed assets after deducting accumulated depreciation 4.466 692.Cost of material ii).

75 16.542 F.458 1.709 50.686.681 0 92.659 1.644 1.Capital work in progress 2.244 470.83 1.780 731 318.Miscellaneous 1.312 5./share) (E/No.876) 2.731 477 442.36 1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.85 8.409 187.037 535.800 0 625. A.788.957) 293.08 6.001 44.500 95.Revenue Reserve 3.Operation: 1.Short term Secured loans 2.259 636.900 6.03 1.697 582.378 376.669 262.442 880.Cash flows from operations 1.780 4.43 1.444.829 455.444.280 244.64 15.253.686.Financial Statement Analysis of Non Financial Sector 2013 Kohat Textile Mills Ltd.04 85.659 302.874 112.588 279.Assets turnover ratio [F1 to (A+B)] 5.82 8.49 17.190 1.046 0 0 73.616 461.166 8.316 1.418.Debt equity ratio [(C+D) to E] 8.393 501.29 -0.12 0.603 69.849 121. wages and employee benefits 6.01 3.734 130.000 0 38.597.Long term investments 7.89 1.219 895.38 8.088 112.42 5.29 2.332 134.19 1.659 1.17 3.Depreciation for the year 5.262 748.10 0.375 584 1.72 99.179 387.045 0 (93.094) 0 (226.11 4.558 140.863 1.Contractual Liabilities (G2+C1) H.199 633.27 5.018 297.36 27.000 164.567 50.382 1.049 63.591 136.256) 0 (195.Cost of sales i).000 208.370.961 153.13 0.Long term unsecured loans 3.418.002.174 466.Short term investments 5.849 828.84 5.500 160.214 208.169 426 50.341 78.Inventory Turnover Ratio (F1 to B2) 13.433 1.61 1.32 4.660 1.099) 7.000 0 23.841 6.065 46.103) 328.870 10.Administrative and other expenses 5.283 0 63.92 -57.678.17 7.148 121.663 208.678 0 34.046 - 109.45 9.940 67.319 232.986 27.000 0 28.854 44.048 517.178 0 39.01 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.752 50.726 318.530 240.85 89.000 208.287 17.Employees benefit obligations 5.610 84.194 0 0 G.81 18.493 54.Return on capital employed ( F7 as % of avg.043 0 2.23 3.Earning per share after tax (Rs.72 3.000 0 (1.626 417.80 3.28 1.666 116.11 0.88 93.110 91.308 795.Total fixed liabilities (D1+D3) 3.809 706.723 459 0 2.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 752.30 0.75 3.31 15.745 43.Cash & bank balance 2.648 1.673 168.Export Sales (Net) 2.002 0 1.251) 665.Issued.82 0.250 40.038 75.947 26.Shareholders Equity (E1+E2+E3) 1.708 42.15 0.69 10.160 396.499 352.97 3.144.60 86 . shares) - - - - 7. E) 10.Operating cash flow to debt ratio [F11 to (C+D)] 16.416.08 3.636 2.41 0.268 208.909 370.Financial expenses of which: (i) Interest expenses 7.636 0 1.696 1.90 88.Ordinary Shares ii).726 109.762 76.823 353. administrative and other expenses i).000 0 (195.Return on assets [F7 as % of avg.999.473 100.Cost of goods sold to sales (F2 as % of F1) 7.Debentures/TFCs 4.766 854.57 -13.Tax expense (current year) 9.084 0 0 68.42 7.856 846.Retention in business (F7-F8-F9) 4.Operating fixed assets after deducting accumulated depreciation 4.133.089 196.631 516.24 15.15 14.Key Performance Indicators 1.256) 301.020 814.000 208.000 0 (180.433 0 0 (147.133.050 0 57.173 (189. Subscribed & Paid up capital i).362 9.87 -25.912 2.56 -6.Intangible assets 6.000 208.255 10.(A+B)] 9.762 187.365 39.943 0 549.696 0 1.00 -4.088 42.Current Assets (B1+B2+B3+B4+B5) 1.263 314.007 1.025 0 103.755 208.72 1.Total capital employed (E+D) 2.38 4.Preference shares 2.Trade Debt as % of sales (B3 as % of F1) 4.59 13.957) 0 (180.Inventories 3.999 366.000 - 1.934 404.150 295.839 5.756 701.Other input cost 3.General.12 1.16 30.438.000 0 (226.882 2.046 208.819 815.043 2.Break-up value shares (Rs.497 692.734 714.619 270.103) 0 (1. of Ord.212 575 421.334 833.27 3.169 718.864 752.000 130.623 0 20.392 (86.89 0.97 0.55 23.50 1.624 172.500 6.911 27.647 208.Local sales (Net) ii).Reserves i).Sales i).87 95.35 0.33 5.500 131.316 0 40.906 1.715 669.643 1.04 9./share) [(F7-F8)/No. shares] 17.137.683 60.372 94.22 0.Other current assets C.942 220.Total value of bonus shares issued 11.13 1.160 866.80 0.293) 501.Current ratio (B to C) 6.18 -14.Net profit margin (F7 as % of F1) 15.894 225.98 0.500 100.020 221.602 267.Trade Debt 4.894 0.000 0 158.Acid test or quick ratio[(B1+B3+B4) to C] 2.Long term secured loans 2. of Ord.Operating fixed assets at cost 3.020 200.591 530.653 0 92.59 2.148.355.937 715.61 25.433 726.Cost of material ii).Capital Reserve ii).Current Liabilities (C1+C2) 1.16 0.Gross Profit 4.310 952 320.905 295.Other non-current liabilities E.938 632.59 Items 1.184 216. G1) 11.661 2.890 105.239 211.05 -13.Other current liabilities D.771 21.Financial expenses as % of sales (F6 as % of F1) 3.036 261.667 576 0 47.999 0 302.61 7.28 -0.571 1.098.977 50.578 5.943 792.84 1.000 208.812 811 101.883 262.000 0 20.094.437.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.272 25.200.435 769.24 -27.79 33.47 13.500 13.912 0 2.036 56.319 379.42 -5.46 0.20 -9.237 21.63 14.217 927.473 (190.779 78.604 860.355.Return of equity (F7 as % of avg.094 237.520 697.094) 315.652 8.890 84.Dividend cover ratio [(F7-F8) to F9] 12.324 211.537 112.278 57 188.514.Selling & distribution expenses ii).336 0 0 158.50 1.Salaries.56 7.470 796.Total amount of dividend 10.328 416.06 0.450 0 0 69.539 72.75 0.657 1.Net profit before tax 8.129.283 160.993) 258 0 0 190.000 208.Other non-current assets B.

628 7.78 - - - 0.096 0 7.Retention in business (F7-F8-F9) 4.03 2.00 0.29 1.327 783.941 1.458 (631.56 0.77 0.53 0.Net profit margin (F7 as % of F1) 15.886 1.608 0 51.87 .929) 657.384 8.320 770.756 865 10.410 303.Inventories 3.025 - F.194) 485 0 0 (72.932 6.Earning per share after tax (Rs. shares] 17.214 0 834.939 0 20.104 865 0.916 14.917 0 (13.570 451.Cost of material ii).971 3.Tax expense (current year) 9.956) 865 754.Cash flows from operations 241.120 101.768 3.00 1.Other current liabilities D.Short term investments 5.006 0 462.748 499.811 3.404 0 0 0 308.044 426.381 775.395 (818.00 0.998 438.210 0 832.425 26.365) 637.10 13.463 (301.Other non-current liabilities E.204) 640.84 -1.463 438.283 27.763 303.395 (778.97 -3.79 -8.404 0 446.730 462.420 3.535 303.Return on assets [F7 as % of avg.Cost of sales i).579) 1.Break-up value shares (Rs.595 865 7. administrative and other expenses i).812 32.803 0 0 0 0 0 0 0 20.Depreciation for the year 5.00 2.405 790.395 (743.44 0.211 272 196 (35.259) 187.870 5.586 0 (30. wages and employee benefits 6.285 23.46 -3.459) 25.33 -4.025 2.921 0 0 20.69 97. of Ord.791 25.879 0 0 0 328.595 0 0 0 18.491 865 22.782 17.Key Performance Indicators 1.025 303.743 0 15.Operating cash flow to debt ratio [F11 to (C+D)] 16.547 134.Current Liabilities (C1+C2) 1.Debt equity ratio [(C+D) to E] 8.971 0 2.Debentures/TFCs 4.026 17.Total amount of dividend 10.Operating fixed assets at cost 3.479 241.17 0.993 794.025 0 (631.156 21.12 - - 16.300 0 54.Acid test or quick ratio[(B1+B3+B4) to C] 2.98 0.436 116.257 438.13 -9. shares) - - - - - 1.395 (807.43 10.797 11.48 87 - - - -0.639 303.666 24.40 -25.00 -5.94 0.18 0.943 109.Other current assets C.879 0 425.534) 187.Non-Current Assets (A1+A3+A5+A6+A7) 1.85 -21.748 0 101.518 0 13.Return on capital employed ( F7 as % of avg.Return of equity (F7 as % of avg.Current Assets (B1+B2+B3+B4+B5) 1.249 30.025 0 196.Local sales (Net) ii).601 0 0 0 7.12 0.479 0 234.449 14.536 369 8.61 -181.463 426.463 (36.Capital work in progress 2.006 0 0 0 321.970) 187.158 0 (153.813 749.46 1.84 1.849) 379 0 0 (6.188 369 16.Financial Statement Analysis of Non Financial Sector 2013 Kohinoor Industries Ltd.384 0 40.814 0 301.92 -18.557 601.Employees benefit obligations 5.Contractual Liabilities (G2+C1) H.385 - 769. E) 10.Total fixed liabilities (D1+D3) 3.General./share) [(F7-F8)/No.Intangible assets 6.025 303.686 0 15.96 12.Net profit before tax 8.115 0 15.43 10.49 -1.Total value of bonus shares issued 11.732 0 812.Other input cost 3.Short term Secured loans 2.025 0 (556.144 0 0 0 15.025 0 (590.671 815.38 Items 862.113) 953 0 0 1.650) 641.00 0.82 -42.Export Sales (Net) 2.255) 187.598) 0 0 0 0 0 0 0 54.626 425.228) 439./share) (E/No.671 765.57 1.Sales i).Issued.987 7.39 0.679) 434.122 865 29.376 8.142 744.395 (819.194 8.875) 0 0 0 0 0 0 0 40.Inventory Turnover Ratio (F1 to B2) 13.Trade Debt as % of sales (B3 as % of F1) 4.066) 865 754.019 0 827.Administrative and other expenses 5.Long term unsecured loans 3.979 849.276) 0 0 0 0 0 0 0 27.(A+B)] 9.463 0 0 0 0 388.244) 712 0 0 (32.300 13.783 759.Trade Debt 4.726 790.Financial expenses as % of sales (F6 as % of F1) 3.Long term secured loans 2.226 426.813 5.498 (301.53 1.025 303.Total capital employed (E+D) 2.906 8.025 303.580 303.07 -1.974 7 0 16.66 0.Selling & distribution expenses ii).025 303. Subscribed & Paid up capital i).Cash & bank balance 2.283 817.175 13.02 10.85 -62.00 -19.Reserves i).Revenue Reserve 3.513 303. A. G1) 11.809) 187.Preference shares 2.20 11.286 15.463 0 0 0 0 352.Ordinary Shares ii).67 -4.00 0.877 753.123 761.373 0 542.Operating fixed assets after deducting accumulated depreciation 4.09 -9.00 -0.025 0 (620.42 0.75 -8.92 -67.63 -0.05 0.646 792.025 303.06 16.Financial expenses of which: (i) Interest expenses 7.Shareholders Equity (E1+E2+E3) 1.031 18 0 (12.148 - 0 0 0 0 0 0 0 301. of Ord.07 5.Other non-current assets B.Long term investments 7.420 0 20.812 134.Current ratio (B to C) 6.185 0 5.983 (151.880 0 0 G.Capital Reserve ii).814 44.Salaries.Dividend cover ratio [(F7-F8) to F9] 12.10 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.01 -1.763 3.55 -3.218 11.Cost of goods sold to sales (F2 as % of F1) 7.83 -0.427 115.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.762 14.Miscellaneous 1.Gross Profit 4.Assets turnover ratio [F1 to (A+B)] 5.690 41 0 (30.07 - - - - - 0.075 0 95.891 446.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 849.Operation: 1.628 0 27.37 2.654) 638.89 0.

of Ord.765.273 272.738 4.71 1.889 1.389.144 3.042 2.Reserves i).705) 5.806 6.717.364.505 38.513 0 0 (152.538 509.82 -8.842) 4. administrative and other expenses i).450.Salaries.367.862 1.125 272.634 608.04 17.310 590.07 16.229 1. Subscribed & Paid up capital i).395 384.803 77.184 1.24 -38.Capital Reserve ii).484 (694.405.956 872.683 1.346.058. A.120.704.450.562 62.91 5.99 6.449.439./share) [(F7-F8)/No.54 -451.720 (1.486 79.93 -53.Total fixed liabilities (D1+D3) 3.363.628 6.541 244.94 0.17 -22.897 272.Operating fixed assets after deducting accumulated depreciation 4.415.Net profit before tax 8.387 6.Assets turnover ratio [F1 to (A+B)] 5.893.474 0 26.Financial Statement Analysis of Non Financial Sector 2013 Kohinoor Mills Ltd.945 5.Debt equity ratio [(C+D) to E] 8./share) (E/No.73 Items 5.247 900.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 4.032.627 268.79 13.Financial expenses as % of sales (F6 as % of F1) 3.897 724.867.Other input cost 3.539 2.653 7.056 614.185.15 13.943 129.759 974.706 130.093 4.Operation: 1.034.413 31.186 3.110 509.137 8.218 0 0 G.889 347.Key Performance Indicators 1.308 675.102 4.125 1.08 -25.32 0.486) 5.632 1.360.109.Current Assets (B1+B2+B3+B4+B5) 1.085 0 0 0 0 31.052 5. of Ord.049 59.424 36.083 3.436 3. E) 10.532 827.222.45 1.28 -0.110 0 (678.655 6.Gross Profit 4.162 568.452 0 34.00 10.32 6.536 2.Return of equity (F7 as % of avg.Trade Debt as % of sales (B3 as % of F1) 4.544.Total capital employed (E+D) 2.708.975 0 0 475.522 1.012 4.542 1.306.226.456) 298.915 0 0 10.88 0.44 94.150.44 0.789 40.Miscellaneous 1.070 505.379) 883.483.446) 700.318.730.104.243.00 14.00 -1.232 1.020.357 848.08 3.089 225.591 330.23 3.317.874 521.876.Acid test or quick ratio[(B1+B3+B4) to C] 2.Short term investments 5.09 0.384 398.23 6.889) 54.915 774.15 11.Local sales (Net) ii).728.049 0 0 0 92.691 2.279.61 51.197 1.538 3.277.376 1.893.Capital work in progress 2.102.628.59 0.127 0 34.12 -12.448 650.Non-Current Assets (A1+A3+A5+A6+A7) 1.30 12.92 7.Shareholders Equity (E1+E2+E3) 1.343 2.Financial expenses of which: (i) Interest expenses 7.148.26 0.863 1.278 5.167 623.064.370 0 0 (487.643.047 346.303 798.79 88.358 2.545.024.234.294.Sales i).926.250 342.189 618.Long term unsecured loans 3.837) 0 (1.240.324.Contractual Liabilities (G2+C1) H.125 724. shares) - - - - - - 3.782.05 26.887 1.699 2.862 855.Return on assets [F7 as % of avg.110 509.Long term investments 7.079.444 (1.340 1.674 7.60 -0.416.129 5.05 -14.Trade Debt 4.Cost of goods sold to sales (F2 as % of F1) 7.110 509.016.48 12.110 509.533 250.638 231.Inventories 3.74 0.263.Other non-current liabilities E.174.001 367.956 119.681 330.81 -23.91 -0.561.269 754.348 109.85 0.186 1.22 9.226 1.049 (1.655.099.738 2.377 347.101 612.378.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.892 0.68 -17.994.110 0 13.805 350.153 3.820.80 3.959 1.472) 45.808 5.467 281.Current Liabilities (C1+C2) 1.828 353.72 -17.23 0.273 4.82 -372.326 5.997 1.090 - F.081 323.64 -81.877 332.198.228.892 2.713 4.023 1.302.620.700.432.Operating fixed assets at cost 3.922) 509.Return on capital employed ( F7 as % of avg.136 509.544 1.637 3.32 84.110 0 330.570) 253.679 42.67 133.11 0.688 0 23.415 317.501 5.049 (1.21 0.Selling & distribution expenses ii).306 3.985 3.Ordinary Shares ii).647 7.989 1.870 87.126 925.164.571 274.209 7.614.Depreciation for the year 5.119 154.092 0 0 0 68.Total value of bonus shares issued 11.779.888 4.Other non-current assets B.132 5.112) 812.892 181.49 9.546 1. wages and employee benefits 6.10 1.349 2.869 42.404.727 3.221.807 5.847) 1.374.923 (1.General.264 973.085 (661.19 0.504 76.749.535 1.973) 55.693.802 275.08 0.888 - 7.299.86 5.214.110 509.05 86.Preference shares 2.534 679.Export Sales (Net) 2.795 1.163 438.110 0 (1.Debentures/TFCs 4.281.544 7.Earning per share after tax (Rs.02 -23.997 787.488 (298.882 3.118.782 610.45 -0.Net profit margin (F7 as % of F1) 15.145 228.632 348.08 0.02 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.102 242.647 4.616 397.086 1.35 0.Total amount of dividend 10.52 5.103.178 472.488 502.14 -1.637 119.34 16.Other current assets C.72 36.750 3.000 0 0 47.Cost of material ii).56 9.00 12.Administrative and other expenses 5.229) 5.735.376.645.679.38 102.038.940 5.778.124 321.084.971 3.231 1.526 862.037.931.911 346.52 28.087 1.82 0.000 3.767 1.568 5.376 311.335.11 -9.460.450.248.Cash & bank balance 2.438.591 0 1.587 2.14 -9.Issued.46 5.143.993 5.734.740 313.143.250.395.377 408.545 672.(A+B)] 9.374 509.14 .683 3.094 5.806) 696.33 -1.146.328 (113.511 2.10 20.128 969.369 172.776 5.347 4.478 4.248 597.422 3.17 11.Tax expense (current year) 9.Current ratio (B to C) 6.955 948.627 5.42 18.997 (53.340 0 0 329.411.Retention in business (F7-F8-F9) 4.Dividend cover ratio [(F7-F8) to F9] 12.127) 386.Inventory Turnover Ratio (F1 to B2) 13.702 31.Revenue Reserve 3.56 91.021.392 469.941 5.422.008 429.242) 6.090 509.27 0.148 1.977 667 0 20.Operating cash flow to debt ratio [F11 to (C+D)] 16.028.548.Long term secured loans 2.54 50.198 721.237 (2.668.95 1.718. G1) 11.01 0.102.985 76.475 1.492 948.533 132.Intangible assets 6.Short term Secured loans 2.Other current liabilities D.153.80 10.81 3.Break-up value shares (Rs.Cash flows from operations 6.100.14 -13.395 706.644 1.266 7.462 498.Employees benefit obligations 5.693 (630. shares] 17.110 0 (1.502.092 (749.500.Cost of sales i).40 11.169) 3.727 272.000 0 0 483.792.611 6.677 3.994.56 88 0.13 11.

90 0.226 1.503 400.Operation: 1.97 -0.889.89 1.Ordinary Shares ii).874 0 23.879 1.091 0 3. wages and employee benefits 6.355 303.242.951 279.16 1.377 1.075.289 65.68 9. shares] 17.931 950.222 1.95 0.Operating fixed assets at cost 3.35 2.929 325.226 (202.300.878 362.Operating cash flow to debt ratio [F11 to (C+D)] 16.714 189.474.608 - 2.Cost of sales i).Selling & distribution expenses ii).185 575.498.319 90.301 199.502.329.021.705 557.15 1./share) (E/No.744 130.33 0.326.836 1.608 1.20 4.63 1.295 772.874 650.000 1.Export Sales (Net) 2.06 0.201.03 0.77 0.013 238.170 260.17 1.Financial Statement Analysis of Non Financial Sector 2013 Kohinoor Spinning Mills Ltd.281 173.898 65.109 303.10 2.Cost of material ii).129.Total fixed liabilities (D1+D3) 3.000 0 (178.691 2.874 0 1.154 1.743 145.08 2.224 2.432 1.Inventories 3.26 2.94 2.111 1.Other non-current assets B.526 1.723 397.Total capital employed (E+D) 2.224 5.(A+B)] 9.000 0 (856.009.Miscellaneous 1.711 1.401 0 F.026 1.Debt equity ratio [(C+D) to E] 8.17 2.10 4.442.300.059 135.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.62 1.519 703.62 16.687 78.Shareholders Equity (E1+E2+E3) 1.63 -0.000 1.846) 0 (1.09 1.987 926.Current ratio (B to C) 6.567 1.Gross Profit 4.43 3.Cash flows from operations 2.755 6.Administrative and other expenses 5.743 1.Trade Debt 4.177.921 68.544.598.504 6.223.75 68.922 155.000 0 49.386 177.282 88.694 44.Current Liabilities (C1+C2) 1.652 0 0 G.525.000 650.82 0.897 5.903 174.Cost of goods sold to sales (F2 as % of F1) 7.075 667.Inventory Turnover Ratio (F1 to B2) 13.968 59.871 4.047 78.32 2.Dividend cover ratio [(F7-F8) to F9] 12.428 1.30 4.844 0 10.004 1.614.855 0 61.846) 0 1.284 0 383.617 767.269 12.588.405 1.638 858.Key Performance Indicators 1.260 227.820 1.000 0 32.266.01 86.84 11.41 89 0.Total value of bonus shares issued 11.Net profit margin (F7 as % of F1) 15.000 0 96.299 0 432 15.Tax expense (current year) 9.401 650.Depreciation for the year 5.Other current liabilities D.566.57 3.002 592.402.951 944.028 5.557 1.77 9.950 6.04 1.538 1.085.500 254.895) 915.973 23.127 1.621 399 673.202 0 1.Debentures/TFCs 4.Other non-current liabilities E.19 3.Short term Secured loans 2.95 Items 2.623 0 142.297 240.854 4.14 7.664 65.245.16 3.430 1.968 1.068 1. administrative and other expenses i).913 0 1.Total amount of dividend 10.Cash & bank balance 2.000 0 527.968 1.93 0.529 35.Sales i).Long term secured loans 2.372 313.553 197.524 1. A.617 145.127.02 3.809.475 1.02 91.Contractual Liabilities (G2+C1) H.773 123.218.51 5.672 1.025) 4.Revenue Reserve 3.382.999 0 2.04 2.79 89.777 958.01 0.137.000 650.00 86.Preference shares 2.53 3.21 4.527.Capital Reserve ii).910./share) [(F7-F8)/No.62 29.371.128 35.80 -7.Break-up value shares (Rs.59 55.320 1.153 2.121 3.895 1.12 0.000 0 792.640 397.753 78.663 2.740 1.505 5.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.296.577 90.155.672 0 2.Capital work in progress 2.000 395.73 14.000 1.022.000 650.090.000 0 (916.805 0 240.96 -17.698 0 795 17.897.037 336.678 0 1.168 128.Trade Debt as % of sales (B3 as % of F1) 4.245 (191.81 2.500 254.511.579.649 1.546.336 0 1.530 1.Return on assets [F7 as % of avg.618 443.627.773 130.Long term unsecured loans 3.17 -6.059.885.93 89.07 1.090.792 898.70 0.357 953.45 - - 7.525 250.740 2.226 397.031 575.00 6.Return of equity (F7 as % of avg.030.556.214.910.117 1.06 4.754 241.475 604.774) - 214.146.210.50 5.085 253.136 41.079 1.207) 11.581.58 4.10 0.72 1.Reserves i).140 4.033.Local sales (Net) ii).760 912.47 2.724 1.27 23.236 472.415 1.98 1.613 240.22 1.630 1.794 268.Long term investments 7.852 2.764 1.105.469 390.789 355.58 9.Return on capital employed ( F7 as % of avg.16 1.546.69 4.028 73.003.718 440.17 6.Intangible assets 6.56 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.04 11. of Ord.922 1.089 163.424 336.949 382.585 1.79 2.Short term investments 5.57 0.Non-Current Assets (A1+A3+A5+A6+A7) 1.Current Assets (B1+B2+B3+B4+B5) 1.Assets turnover ratio [F1 to (A+B)] 5.737 321.916 0 274 11.Financial expenses as % of sales (F6 as % of F1) 3.673 530.053 230.749 4.232) 1.112 102.351 72. G1) 11.387 1.524 309.000 130.199.84 -55.742 30.11 1.18 5.046 9.247.587 8.665 111.640 0 1.Issued.442 3.828 301.711 767.729 1.300.005.860 215.279 99.12 5.500 143.201.613) 0 (916.64 20.000 0 23.668 100.401 397.300.85 13.480 0 516 4. shares) - - 3.347.305 3.371.472.945 65. Subscribed & Paid up capital i).723 291.68 1.Operating fixed assets after deducting accumulated depreciation 4.618 0 472.102.Salaries.064.917 747.00 0.304 563.Net profit before tax 8.369.846 0 2.94 2.83 5.613) 0 1.474 1.592.752 71.24 5.184 0 0 505.General.12 9.279 138.263.839.616.546 71.Other current assets C.108 275.268 65.374.279 0 0 9.978 147.081 24.167 4.225. E) 10.489 196.387.08 3.300.928 56.000 0 (1.626.202 397.645.059.194.469 1. of Ord.10 .000 0 38.85 0.611 5.538.11 -1.883 0 2.386 88.Employees benefit obligations 5.183 96.025 0 0 (248.537 164.102 72.Financial expenses of which: (i) Interest expenses 7.778 2.Earning per share after tax (Rs.722 6.970 36.619 1.603.Other input cost 3.96 84.116 2.300.Retention in business (F7-F8-F9) 4.640 650.753 397.Acid test or quick ratio[(B1+B3+B4) to C] 2.230.456.733 0.794.

429) 7.Employees benefit obligations 5.761 317.31 0.574 320.099.868.673.113 1.065 642.570 6.Export Sales (Net) 2.253 5.589 4.402 1.931.138 6. E) 10.07 -4.072.233 7.829 1.262 2.Short term investments 5.023 39.52 4.Shareholders Equity (E1+E2+E3) 1.111 2.977.782 75./share) [(F7-F8)/No.03 12.981.552.966 3.524 1.79 33.853 0 9.848 198.779.226 1.208 6.93 3.133 2.77 5.943 357.162.88 0.455 3.089 2.614.17 8.992.310.540 8.055 807.336 6.393.655 92.045 1.63 83.733 10.697.Long term unsecured loans 3.746 8.455.230 998.43 0.768 1.707.182.825 11.34 7.826 0 0 844.Selling & distribution expenses ii).89 0.37 3.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Salaries.984 8.311.975 12.Financial Statement Analysis of Non Financial Sector 2013 Kohinoor Textile Mills Ltd.47 8.175 8.755 6.Intangible assets 6.695.48 6.330.Trade Debt as % of sales (B3 as % of F1) 4.259.435 103.190.098 3.211 7.Debt equity ratio [(C+D) to E] 8.250.780) 12.903 464.Long term investments 7.864.685.262 0 2.Inventory Turnover Ratio (F1 to B2) 13.452.438 6.Gross Profit 4.213.Financial expenses of which: (i) Interest expenses 7.Tax expense (current year) 9.737 2.563 4.93 0.455.006.811 6.134.556.585 9.616 0 3.63 0.064.Capital work in progress 2.Depreciation for the year 5.262 2.42 2.823.382.543 584.252 707.594 35.752.Preference shares 2.529.382 4.673.02 4.01 -11.161 1.994.37 5.62 5.549 8.53 -7.Reserves i).601 38.540 882.548 693.050.673.805 33.786.284 4.395.116.Long term secured loans 2.884 80.117.244 1.463 5.059 420.26 14.525 3.888.592 10.06 2.479 688.270 6.610 1.455.191 86.485.002.747.049 4.29 1.322.Assets turnover ratio [F1 to (A+B)] 5.184 385.455.944.044.131.698 5.80 81.340.520 6.203 1.399.006 607.262 2.811 534.297 1.257.242 8.853.152.Retention in business (F7-F8-F9) 4.Total amount of dividend 10.Break-up value shares (Rs.724 1.037.892 14.101 607.262 0 1.996 7.062 1.694 1.805 38.88 7.12 7.74 84.914.745 9.67 84.81 8.206 8.455.059.273 0 92.146.040 1.562 2.329.Administrative and other expenses 5.969.919 1.Debentures/TFCs 4.71 0.693.62 1.933 1.712 2.94 11.Local sales (Net) ii).906 4.35 8.092 798.060 4.00 0.891 376.Return of equity (F7 as % of avg.529 0 0 612.22 4.Total value of bonus shares issued 11.036 3.887 6.49 0. of Ord.198.590 679.027.Cost of material ii).72 0.598 309.439 7.416 389.609 7.523 40.006.181 0 0 1.035.006 4.04 2.277 6.262 0 1. shares] 17.298.Contractual Liabilities (G2+C1) H. G1) 11.192.22 7.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Cost of goods sold to sales (F2 as % of F1) 7.972.Trade Debt 4.Total fixed liabilities (D1+D3) 3.005 34.956.344.580 1.45 1.497 11.171 846.Issued.044.894 1.455.244 397.490 0 0 0 170.705 7.455.079 3.455.409.535.387 1. shares) - - - - - - 4.966 9.Non-Current Assets (A1+A3+A5+A6+A7) 1.260.Earning per share after tax (Rs.009 1.968 8.527 5.068 1.90 12.329.794 0 0 140.756.020.52 -0.826 1.906 662.12 0. administrative and other expenses i).842 194.818 232.557 4.47 1.970.34 0.516.423.76 85.556 3.657.336 1. Subscribed & Paid up capital i).809 630.37 2.85 0.004 4.994.26 90 .287.985.676) 55.Cash & bank balance 2.604 3.188.Dividend cover ratio [(F7-F8) to F9] 12.93 2.763.Cost of sales i).838.734.727.01 48.768.897 369.919 1.380 5.714.513.065.131 1.003 8.Revenue Reserve 3.604.01 -4.093 1.338 4.311.Other non-current assets B.Ordinary Shares ii).455.351 9.790 132.Other non-current liabilities E.143 11.41 0.73 0.748 9.Key Performance Indicators 0.088 3.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 3.624 8.458 9.23 9.019.622 1.Current Liabilities (C1+C2) 1.294 999.981.993 3.095.694.Other current liabilities D.Net profit margin (F7 as % of F1) 15.252 747.838 5.692.67 17.352.475 144.324 9.318.374 144.695.38 0.169.745.072.905.190.116 10.542.455.958 694. of Ord.825 10.079 2.753 0 0 106.339.649 728.099 3.02 0.286 1.688 5.Net profit before tax 8./share) (E/No.69 5.540 543.Capital Reserve ii).975 371.426 901.049 3.540 363.048.606 1.072 0 0 0 157.26 1.530.030.373 534.262 0 2.335 130.General.Acid test or quick ratio[(B1+B3+B4) to C] 2.949 986.195.014 2.501.262 1.740 817.558.455.367 840.74 3.063 268.743 1.758 4.827 1.262 0 1.477 0 0 104.996 4.899 3.Cash flows from operations 7.996 1.012 2.63 4.700 543.60 0.49 0.464 6.622 1.329.490.817 5.234 425.85 1.Current Assets (B1+B2+B3+B4+B5) 1.851 2.13 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.Financial expenses as % of sales (F6 as % of F1) 3.796 412.233 556.Inventories 3.07 29.739 1.066.490 (592.Miscellaneous 1.729 438.406.809 9.46 -6.49 7.047.350 0 0 G.762.13 9.64 34.143.136 5.73 0.Current ratio (B to C) 6.852 1.263.262 1.698.09 2.11 2.673.538 0.32 1.29 1.75 0.618 0 3.507 38.000.967.56 1. wages and employee benefits 6.906 4.824 0 0 (403.400 600 1.Operation: 1.037.972.83 35.806.86 1.91 Items 6.742.Other current assets C.455.262 1.007 144.958 0 0 0 350.275.651 0 3.072 292.933 1.019.458.035.673.74 0.523.Sales i).651 4.187 8.513 1.52 0. A.978.Operating fixed assets after deducting accumulated depreciation 4.526 326.347.094 2.029 (536.Other input cost 3.73 0.73 0.243 6.455 3.919.289 109.566 50.617 5.Return on assets [F7 as % of avg.967 1.503 1.373 6.360 - F.524 6.262 0 3.64 0.460 3.906.727.683 611 1.932 640.893 402.515 4.21 2.825 - 8.71 4.039 1.347.539.495.836.(A+B)] 9.062.053.25 10.050 6.69 85.112.Short term Secured loans 2.908 304.114 870.322 3.529 3.533.919 2.27 32.061 8.Total capital employed (E+D) 2.544.240 5.970.079 583.Operating fixed assets at cost 3.108 78.448 83.842 4.Return on capital employed ( F7 as % of avg.

721 0 (926) 0 240.45 -2.36 0.391 240. of Ord.Intangible assets 6.122) 0 (169.54 0.08 2.172) 0 0 0 (1.909 121.041) 87.391 240.Shareholders Equity (E1+E2+E3) 1.569 7 0 611 72 0 475 0 64 200.28 5.456 199.00 1.Assets turnover ratio [F1 to (A+B)] 5.237 121.19 -0.Current Assets (B1+B2+B3+B4+B5) 1.Total amount of dividend 10.Operation: 0 0 0 0 1.754 0 (885) 0 239.Other current assets C.Acid test or quick ratio[(B1+B3+B4) to C] 2.Tax expense (current year) 9.Salaries./share) [(F7-F8)/No.Administrative and other expenses 5.Trade Debt 4.172) 0 0.Inventory Turnover Ratio (F1 to B2) 13. E) 10.327 0 0 - F.21 -0.Ordinary Shares ii).Total capital employed (E+D) 2.Other input cost 3.456 0 1.Current Liabilities (C1+C2) 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.36 -0.10 2.Dividend cover ratio [(F7-F8) to F9] 12.296) 87.45 33./share) (E/No.General.00 2.081 0 1.04 -0.55 -0.07 3.Operating cash flow to debt ratio [F11 to (C+D)] 16.227) 40.Selling & distribution expenses ii).94 .021 513 1 0 (1.327 0 205.Issued.015 0 203.426 0 200.01 -0.00 0.022) 0 0 0 (1.015 0 0 0 37.057) 0 0 0 0 0 0 0 1.391 240.826 121.Cost of material ii).Long term investments 7.754 121.44 2.564 6 0 0 25 589 76 0 475 0 39 1.021 0 1.391 240.37 5.237 121. administrative and other expenses i).Cost of sales i).237 0 (171.924 0 (1.Operating fixed assets at cost 3.Contractual Liabilities (G2+C1) H.Reserves i).08 3.573 0 297. wages and employee benefits 6.Employees benefit obligations 5.49 -3.Export Sales (Net) 2.Debentures/TFCs 4.Return on assets [F7 as % of avg.37 Items 297.171 598 1 0 (1.Long term unsecured loans 3.24 - - - - - - 0.Short term investments 5.06 -0.00 -0.237 121.548 4 0 0 25 605 91 0 475 0 39 272 0 272 204.019) 0 (170.Revenue Reserve 3.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 240.577 0 297.07 3.237 121.42 5.Gross Profit 4.552 5 0 0 25 598 84 0 475 0 39 251 0 251 203.582 0 297.66 -0.28 -0.Return on capital employed ( F7 as % of avg.713 240.391 240.Cash & bank balance 2.237 121. shares) 91 - - - - - - 4.124) 87.00 0.083) 0 0 0 (1.90 -0.237 0 (169.931 121.Cash flows from operations 0 885 885 0 (885) 0 0 0 G.Financial expenses of which: (i) Interest expenses 7.01 -0.Short term Secured loans 2.171 0 1.981 0 (1.022) 0 240.29 -0.Return of equity (F7 as % of avg.Inventories 3.00 2.Earning per share after tax (Rs.Break-up value shares (Rs.237 0 (170.Operating fixed assets after deducting accumulated depreciation 4.713 240.08 3.00 0.37 -2.391 240.01 -0.829 121.22 0.545 4 0 0 25 710 110 0 561 0 39 299 0 299 205.00 2.570 0 297.00 0. shares] 17.237 0 (173.(A+B)] 9.23 2.38 0.Sales i).Local sales (Net) ii).30 -0. of Ord.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Preference shares 2.Capital work in progress 2.557 5 0 0 25 590 76 0 475 0 39 382 0 382 201.Total value of bonus shares issued 11.Other non-current liabilities E.00 -0.589 0 297.080 0 204.49 - - - - - - 0.Other non-current assets B.Trade Debt as % of sales (B3 as % of F1) 4.081 568 2 0 (1.40 0.124) 0 (172.713 35.237 0 (172.92 -0.148) 0 0 0 0 0 0 0 1.859 0 0 0 38.Miscellaneous 1.019) 87.38 1.893 0 0 0 39.42 -2.Long term secured loans 2.790 0 (897) 0 240.654 121.Depreciation for the year 5.893 0 199.Retention in business (F7-F8-F9) 4.45 5.Cost of goods sold to sales (F2 as % of F1) 7.Current ratio (B to C) 6.Total fixed liabilities (D1+D3) 3.Financial expenses as % of sales (F6 as % of F1) 3. A.13 -0.713 240.080 0 0 0 36.426 0 0 0 40.Net profit before tax 8.966) 0 0 0 0 0 0 0 1.237 0 (80.Key Performance Indicators 1. Subscribed & Paid up capital i).66 5.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.083) 0 240.122) 87.237 121.28 33.041) 0 (171. G1) 11.859 0 201.38 -2.Debt equity ratio [(C+D) to E] 8.906 0 (1.77 -0.Financial Statement Analysis of Non Financial Sector 2013 Landmark Spinning Industries Ltd.Net profit margin (F7 as % of F1) 15.569 240.713 - 0 0 0 0 0 0 0 924 0 924 466 2 0 (926) 0 0 0 (827) 0 0 0 0 0 0 0 896 0 896 488 1 0 (897) 0 0 0 (1.01 -0.23 -0.09 3.Capital Reserve ii).296) 0 (173.Other current liabilities D.483) - 240.

549.226 1.091 817.565 1.98 0.654 190.774 3.000 0 2.24 18.000 150. shares) 3.137 0.188 15.Current Liabilities (C1+C2) 1.092.534 2.14 7.478 2.675.488 4.30 2.711.764 12.Net profit before tax 8.251 4. shares] 17.782 2.88 0.806 387.467 301.850 0 1.918 2.144 7.Inventories 3.404.041.244 3.151.000 150.367 8.098 6.Return of equity (F7 as % of avg.487 632.27 1.606 7.077 2.14 16.205 39.25 1.000 0 1.918./share) [(F7-F8)/No.559 1.825.024 0 3.068 1.128 269.38 92 .373 1.885 2.70 46.Shareholders Equity (E1+E2+E3) 1.559 0 748.508 1.723 151.846 3.431.225.250 354.855.629 0 0 0 115.716 7.21 7.839 220.078 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.Employees benefit obligations 5.755.244 4.711.118 2.020 0 2.381 227.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Capital work in progress 2.050 945.126.Operating fixed assets after deducting accumulated depreciation 4.592.628.13 21.Trade Debt 4.450.870.135.34 11.039 2.Assets turnover ratio [F1 to (A+B)] 5.811.000 0 3.632.802.05 1.Depreciation for the year 5. G1) 11.489.716 150.Operation: 1.137 986.01 2.358 5.801 0 82. A.243 585.572 13.69 1.101 809.915 332.45 6.716 42.628.244 3.976.598.612 1.756 4.388 6.596 0 3.228.701 5.170 688.178.Non-Current Assets (A1+A3+A5+A6+A7) 1.504 12.379 12.Total value of bonus shares issued 11.754 595.158 143 3.672.Long term unsecured loans 3.80 3.23 6.54 2.36 14./share) (E/No.893 968.883 2.850 99.838 3.924.Ordinary Shares ii).073 167.143.798 7.538 269.607.30 3.Miscellaneous 1.735 482.143.390.24 84.37 81.748.120 2.422 644.346 379.581.40 0.380 438.79 0.737 14.597 471.826 469.44 3.Salaries.209 9.17 1.389 646.061.212 1.70 32.073.33 5.55 1.030 110.143.824 214.978 14.381 7.032 12.017.Financial expenses as % of sales (F6 as % of F1) 3.358 1.138.724 1.959 145.75 0.Other non-current assets B.450.552.727.073.385.381 308.Other non-current liabilities E.705 423.Debt equity ratio [(C+D) to E] 8.258.579 262.90 2.910 3.45 275.441.099.456 99.36 2.Local sales (Net) ii).120 285.31 240.955 32.724 7.Revenue Reserve 3.096.908 579.Financial Statement Analysis of Non Financial Sector 2013 Mahmood Textile Mills Ltd.35 88.36 4.Operating cash flow to debt ratio [F11 to (C+D)] 16.880 2.47 6.Current ratio (B to C) 6.307.603 0 - 6.506 2.283.646 0 256.810 9.000 150.457.278 6.144 150.187.38 37.604.249.280 338.Operating fixed assets at cost 3.General.149 180.711 1.681.160 82.40 149.133.08 1. of Ord.150 572.601 79.676 148.275.05 171.723 3.29 0.Cost of sales i).Earning per share after tax (Rs.242 99.087 44.441 3.46 4.26 7.94 0.162 2.72 1.221 0 618.217.178.58 4.468.16 3.409 350.Other current liabilities D.327 4.504 1.48 88.000 0 (23.087.640.853.304 3.39 1.950 39.17 1.608 422.930 334.308.155 3.33 4.873 1.Retention in business (F7-F8-F9) 4.329.478.642.Other current assets C.978.755.79 1.943 1.850 0 1.Net profit margin (F7 as % of F1) 15.90 2.099 1.661.Return on assets [F7 as % of avg.281 986.Cost of goods sold to sales (F2 as % of F1) 7.000 0 969.29 3.060 1.378 0 921.62 1.735 1.924 1.273 6.392 - F.Tax expense (current year) 9.453 4.Inventory Turnover Ratio (F1 to B2) 13.181. Subscribed & Paid up capital i).646.Short term investments 5.936.698 0 841.86 1.120 3.431.60 5.446.952 2.681.029 5.940 50.133.03 1.331 273.54 1.025 3.486 0 2.972.55 218.317 1.102.174 829.76 4.28 168.432.128 578.00 8.205 280.331.Capital Reserve ii).Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Gross Profit 4.385.63 0.00 44.597 1.21 15.624 748.122 0 338.268 3.342.631 412.507.715 1.210 595.739 607.724 150.560 420.658 311.120 1.112 8.950 15.429.893 0 0 0 115.551 1.Administrative and other expenses 5.59 2.573 2.256.073 681.819 8.415 11.556 2.11 Items 3.206.Sales i).930 0 0 0 115.Cash & bank balance 2.050.767 92.926 221.08 1.000 90.Cost of material ii).91 8.886 688.Cash flows from operations 5.169 2.000 150.926 332.393.408 325.955.175 1.428 5.549.Issued.015 242.Other input cost 3.566.798 150.624 1.866 621.677 0 4.880 374.873 381.51 85.972 357.770 574.52 0.000 150.43 0.559 1.646.301 1.676 2.213 3.388 11.121 3.18 5.Current Assets (B1+B2+B3+B4+B5) 1.000 0 3.Long term secured loans 2.043 0 473.254 594.Intangible assets 6.030 0 0 0 139.875 693.985 234.Reserves i).073 2.166 9.26 3.Contractual Liabilities (G2+C1) H.000 150.587 539.423 4.121 3.196 2.49 1.285.Long term investments 7.Debentures/TFCs 4.Preference shares 2.Trade Debt as % of sales (B3 as % of F1) 4.969.017 0 838.95 3.106 525.850 99.174.087 1.341.116 340.470.35 32.000 0 1.(A+B)] 9.05 21.15 3.Selling & distribution expenses ii).94 5.611.443.037 2.261 1.Total amount of dividend 10.893 446.525.924 174.Short term Secured loans 2. wages and employee benefits 6.19 4.310.89 3. E) 10.470 471.23 13.146 12.799.Export Sales (Net) 2.084.Key Performance Indicators 0.715 0 0 0 G.23 10.149 1.747 429.260.000 150.196 157.058.977.629 516.474 11.Total capital employed (E+D) 2.28 74.244.656.263.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1. of Ord.23 4.972 829.13 3.462.591.Financial expenses of which: (i) Interest expenses 7.Total fixed liabilities (D1+D3) 3.33 86.000 0 3. administrative and other expenses i).Break-up value shares (Rs.560.315 2.082 1.126.353.Dividend cover ratio [(F7-F8) to F9] 12.811 734.011.157 1.597 0 0 0 120.62 23.958 3.93 9.10 34.844) 2.730 493.289.22 4.47 0.039 85.650 780.831 1.861 0 1.53 4.Return on capital employed ( F7 as % of avg.139 859.145.640 4.05 4.47 1.376 3.

756.032 1.198 603.309.314 935.Miscellaneous 1.000 0 (6.797.25 29.307 276.532 2.57 3.905 94.136 79.33 32.038 649.225 168.15 19.138 89.511 93.814 15.30 -6.807.24 0.35 1.Cash & bank balance 2.272) 8.110.Net profit margin (F7 as % of F1) 15.Non-Current Assets (A1+A3+A5+A6+A7) 1.509 269.99 38.978 1.862 57.018 159.338 505.69 24.Key Performance Indicators 1.880 1.725 654.500 318.755 282.70 5.580 58.27 23.273.183 26.356 1.Long term secured loans 2.233 61.552 493.01 10.250 72.753 888.800 0 438.Operating fixed assets at cost 3.190 178.268 675.000 0 90.Financial Statement Analysis of Non Financial Sector 2013 Maqbool Textile Mills Ltd.746 687.566 169.249 711.Selling & distribution expenses ii).Other input cost 3.636 168.896 52.181.791 10.729 204.Inventory Turnover Ratio (F1 to B2) 13.421. G1) 11.000 168.121 1.57 0.318 79.986 454.06 9.841 1.000 168.775 55.Contractual Liabilities (G2+C1) H.Long term investments 7. E) 10.916 519.635 250.293 0 0 5.033 299.326 444.Financial expenses as % of sales (F6 as % of F1) 3.983 37.Issued.492 0 (4.435) 583.239.03 6.854 589.250 77.63 3.Ordinary Shares ii).53 10.Total value of bonus shares issued 11.950. shares] 17.80 3.Debentures/TFCs 4.57 1.910 0.Other non-current assets B.572 451.709 118.722 0 0 59.371 4.53 0. of Ord.683.370 60.31 0.871 669.95 Items 973.942 52.828 3.113 129.Cost of material ii).Other current assets C.676 868 50.685 0 149.12 26.974 56.872 0 9.579 124.221 8. Subscribed & Paid up capital i).658 91.35 0.423) 428.236 68.434 0 1.Shareholders Equity (E1+E2+E3) 1.355 3.933 346.01 3.754 65.312 590 1.Other current liabilities D.200 0 (18.85 0.757 56.189 311.954 168. administrative and other expenses i).354 1.Total capital employed (E+D) 2.04 6.Inventories 3.713 0 369.000 168.213 289 95.Dividend cover ratio [(F7-F8) to F9] 12.797.056 74.(A+B)] 9.337.Sales i).719 375.968 136.957 0 233.376 168.776 2.183.268 F.46 1.209 348.554.94 0.556 3.Local sales (Net) ii).822 716.433 43.841 563.490 13.266 687.017 171.659 0 36.33 5.Operating cash flow to debt ratio [F11 to (C+D)] 16.131 773.929 858.981 168.247 426.696 0 289 5.Revenue Reserve 3.29 6.913 1.17 2.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 593.399 368.075 (24.500 61.633 166.74 3.88 27.Cost of goods sold to sales (F2 as % of F1) 7.89 32.30 1.32 1.000 168.Gross Profit 4.257 279.97 2.Long term unsecured loans 3.881 1.Preference shares 2.930 578 73.345 332.189 162.86 -0.Current Liabilities (C1+C2) 1.Reserves i).302 - 14.315 293.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.957 150.402 8.994) 661.15 0.07 33.208 1.691 0 0 5.500 90.119 0 577.537 24.537 467.033 54.Tax expense (current year) 9.036 89.302 168.408 26.037 112.Trade Debt 4.83 1.432 3.64 -3.13 12.Financial expenses of which: (i) Interest expenses 7.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.41 4.78 13.616.175 742.284 2.146 460.70 86.183 1.734 604. shares) - - 8.95 90.285 89.190 0 250.87 -0.90 0.808 42.785 400.519 57.508 552.123 6.Acid test or quick ratio[(B1+B3+B4) to C] 2.Net profit before tax 8.766 283.Short term Secured loans 2.558 614.07 89.997.000 0 369.890.Short term investments 5.710 204.778 0 868 3.69 12.268 120./share) [(F7-F8)/No.Trade Debt as % of sales (B3 as % of F1) 4.Intangible assets 6.205. A.471 28.56 1.Administrative and other expenses 5.056.368 0 82.314 159.Cash flows from operations 1.00 -0.71 0.153 46.654 3.317 494 166.235.General.06 5.000 0 10.25 2.246) 4.26 10.12 7.Break-up value shares (Rs.99 4.Export Sales (Net) 2.311 80.Assets turnover ratio [F1 to (A+B)] 5.657 168.Return on assets [F7 as % of avg.598 951.477 49.768 2.592 114.09 89.Employees benefit obligations 5.666 1.11 3.Capital work in progress 2.49 18.26 2.625 62.840 4.570 1.Operating fixed assets after deducting accumulated depreciation 4.708 299.120 87.11 1.47 2.098.073.664.672.584 129.596 115.090 179.255 521.655 827.559 924.653 583.872 (16.805.035 55.Earning per share after tax (Rs.171 2.Total fixed liabilities (D1+D3) 3.239 67.807 0 9.387 64.42 2.205 286.584 88.149.78 93.719 728 200.37 15.449 1.Salaries.67 1.807 0 6.55 0.986 453.32 6.966 54.000 168.655 186.799 2.05 16.611) 150.80 2.268 656.Other non-current liabilities E.944 593.48 40.625 67.003 1.99 9.368 150.611) 0 (6.018 448.19 -0.035 72.958 179.744 223.685 150.81 9.908 2.655 545./share) (E/No.40 2.25 0.791 50.25 23. wages and employee benefits 6.Retention in business (F7-F8-F9) 4.Depreciation for the year 5.30 0.727 148.Return of equity (F7 as % of avg.941 0 10.075 62.Current Assets (B1+B2+B3+B4+B5) 1.949 0 82.475 37.071 872.Current ratio (B to C) 6.587.26 5.268 957.749 295.268 696.462 341.Operation: 1.706 42.062 1.25 4.96 13.47 4.000 0 82.61 93 .52 3.61 16.390 65.Capital Reserve ii).85 0. of Ord.970.166 - 1.87 0.974 723.192 645.51 0.215 348.241 46.060.Return on capital employed ( F7 as % of avg.000 168.Cost of sales i).71 6.420 236.731.43 0.484 49.490 56.800 0 (41.Debt equity ratio [(C+D) to E] 8.11 2.06 -1.69 90.02 41.713 150.636.000 0 233.850 1.29 -1.Total amount of dividend 10.739 52.508 177.408 86.198.243 1.220 1.769 50.837 0 0 G.974 575.677 383.956 0 42.369.638 1.619 0 868 4.000 0 149.244 113.

058 6.717.02 94 .727.330.712 105.Total amount of dividend 10.Return of equity (F7 as % of avg.524.855.555 379.68 6.10 16.076 3.074 836.859 836.000 0 1.13 5.25 4.67 6.099.676 1.159 5.297.789.000 600.955.Long term secured loans 2.919 4.458 313.377 8.14 1.015.23 2.767.Cash flows from operations 7.04 24.126.079 428.488.63 3.342.230 181.Cost of goods sold to sales (F2 as % of F1) 7.060 379.35 12.190.762 105.298.946.126 6.759.206 1.134 1.713 538.830.807.000 395.173 5.408 1.645 6.25 29.Return on capital employed ( F7 as % of avg.223.815 0 2.000 0 1.290.96 3.311 1.958.14 0.200./share) (E/No.68 4.111 9.164 2.17 69.987 517.Current ratio (B to C) 6.613.634 606.Capital work in progress 2.533 171.83 2.170 925.35 8.674 2.030 8.79 4.240.428 143.338 898.720 900.105.744.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 3.720.767.420 4.074 1.333 600.538.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.416 4.000 2.Ordinary Shares ii).302 12.010 74.99 2.369.29 0.092 2.441.720 - F.695.023 2.149.455.Cost of sales i).990 2. of Ord.800.640 3.000 0 (1.255 1.09 5.707 712.Acid test or quick ratio[(B1+B3+B4) to C] 2.32 81.10 6.596.000 1.798 1.884.581.319 1.822 137.000 475.437 3.Revenue Reserve 3.230 3.86 2.961 300.000 900.16 23.528 13.86 16.Financial Statement Analysis of Non Financial Sector 2013 Masood Textile Mills Ltd.116 0 2.Issued.Financial expenses of which: (i) Interest expenses 7.012 17.796 336.752.278 0 0 12.051.Inventories 3.099 1.375.270.46 0.770 0 2.043 999.Debentures/TFCs 4.466.570 105.(A+B)] 9.507 719.798 923.86 11.500.760 6.946.563 6.885 2.605 0 209.319.895 22.042 54.885 0 2.000 0 490.24 1.596.707 1.659 7.11 5.028 16.886 1. G1) 11.094.779 2.511 6.20 1.520.667 0 2.13 73.Contractual Liabilities (G2+C1) H.Long term unsecured loans 3.250 0 837.781.24 19.643 589.18 0.Depreciation for the year 5.574 2.222.967 533.964 408.59 6.18 0.38 6.17 8.594 1.378 379.218 0 2.Net profit margin (F7 as % of F1) 15.Inventory Turnover Ratio (F1 to B2) 13.196 222.016 7.026 1.588.972 4.617 944.093 1.413 701.015.801.509.381 8.59 4.037 4.653 0.434.886 0 3.954.497 2.757.384 4.552.439 4.38 14.599 226.00 0.166.52 6.Operation: 1.885 0 4.Long term investments 7.000 2.50 2.411.501.500 0 G.85 5.12 12.58 29.665 2.Other current assets C.523 625.594 3.216 0 0 17.420 4.Tax expense (current year) 9.197.966 4.Dividend cover ratio [(F7-F8) to F9] 12.15 2.125 371. A.599 3.949.621.333.484 10.332 5.17 4.816 2.Operating fixed assets after deducting accumulated depreciation 4.Preference shares 2.129.075.62 79.713.04 13.457.663 0 0 314.113.252 999.926 963.193 0 5.771 3.574 482.Trade Debt as % of sales (B3 as % of F1) 4.271.96 -0.Short term investments 5.773 1.520 3.948 316.18 1.21 1.096.98 16.111.Miscellaneous 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.66 32.851.463 1.793 1.53 2.892.304.04 1.614 5.10 2.584.10 0. wages and employee benefits 6.025.085.500.541 135.78 2.000 408.355.045 6.927 1.990 904.370 18.311.271 10.167.325.21 1.252 2.586 6.378 600.643 0 0 185.972.072 0 4.600.147 1.12 15.838.47 22.046 1.713.274.008.895.745 0 0 41.908. of Ord.301 1.25 82.Other non-current liabilities E.279.713 517.964.262.Operating fixed assets at cost 3.653 2.82 6.325.02 28.Assets turnover ratio [F1 to (A+B)] 5.34 6.370 828.000 1.897 2.Capital Reserve ii).Short term Secured loans 2.95 2.837.985 3.22 Items 3.Trade Debt 4.Operating cash flow to debt ratio [F11 to (C+D)] 16.54 5.Other input cost 3.674.765 18.274 540.40 4.25 80.654.690.365.Local sales (Net) ii).529 1.379 169.061 231.34 83.297.138 2.125 3.12 83.857 0 1.420 3.333 3.785 573.706 5.617.832.Export Sales (Net) 2.Gross Profit 4.781 5.591 87.520.470 0 0 21.76 5.262 - 10.111 98.497.724 4.948 0 0 148.082 595.44 8.229 995.317.482 9.20 18.188 11.40 4.56 14.34 1.493 2.961 379.388.667 1.Return on assets [F7 as % of avg.272 11.742 1.470.933.000 940.141.177 550.532./share) [(F7-F8)/No.158 13.11 95.905.442 376.56 3.563.025.052.930 1.22 82.896 0 1.523 0 0 223.918 15.Net profit before tax 8.612.96 1.165.103.Cash & bank balance 2.124 321.130.096.Key Performance Indicators 1.95 7.Debt equity ratio [(C+D) to E] 8.000 600.Administrative and other expenses 5.Total fixed liabilities (D1+D3) 3.18 18.621.428.372.17 0.005.578.141.356 6.Cost of material ii).Total capital employed (E+D) 2.698 4.977 1.455.455.401 2.852 445.550.468.581.000 600.724 1.381 900.General.28 2.470 5.635.42 1.000 0 632.Current Liabilities (C1+C2) 1.Financial expenses as % of sales (F6 as % of F1) 3.800.167.553.208.000 4.547 5. E) 10.632 6.606 910.00 11.33 0.685. Subscribed & Paid up capital i).615 22.764 836.219 10.Break-up value shares (Rs.715.257 124.714.410.Employees benefit obligations 5.405 135.180 674.195 605.Salaries.250.00 1.416 3.338 439.642 525.Earning per share after tax (Rs.084 0 0 31.524 18.221 541.646.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.855 648.Other current liabilities D.287.666 2.208.267 11.589.468 8.643 8.253 2.838.151 2.Reserves i).718 1.153.816 12.Intangible assets 6.84 24.53 0.583 3. shares] 17.Selling & distribution expenses ii).035 6.41 21.015 398.Shareholders Equity (E1+E2+E3) 1.212.065 21.35 6.253 65.510. shares) 5.290.830 1.253 3.798 1.365.137.060 600.85 1.Current Assets (B1+B2+B3+B4+B5) 1.039) 4.947 214.88 6.663 801.Other non-current assets B.329 3.542 5.821 14.Retention in business (F7-F8-F9) 4.097 19.707 0 0 257.016 8. administrative and other expenses i).589 1.990 2.875 0 1.853.151.596.286.93 24.Sales i).000 300.909 8.873 2.Total value of bonus shares issued 11.087 8.484.333 3.360 0 5.03 0.

944) 0 0 0 (221) 0 0 0 0 0 0 0 991 8 983 134 7 0 (998) 0 0 0 (111) 0 0 0 0 0 0 0 592 8 584 252 0 0 (592) 0 0 0 0 0 0 0 0 0 0 0 592 8 584 252 0 0 (592) 0 0 0 0 279. G1) 11.524 1 0 1.Financial expenses as % of sales (F6 as % of F1) 3.536 558 87 0 0 67 105.309 46.369 1.Operating fixed assets at cost 3.536 436 74 0 0 67 102.Dividend cover ratio [(F7-F8) to F9] 12.Local sales (Net) ii).645 0 0 0 0 0 0 49.000 0 (42.488 12.49 5.Export Sales (Net) 2.618) 0 - 89.274 570 400 (13.028) 0 625 0 3.Assets turnover ratio [F1 to (A+B)] 5.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 214.09 -0.51 0.98 1.920) 0 0 0 0 0 0 0 1.93 0.038 0 121.75 -8.Salaries.Operation: 1.29 -15.91 -1.668 851 115 0 416 66 146.29 1.89 -29.Other non-current liabilities E.764 0 77.37 0.561 26.78 -5.Selling & distribution expenses ii).76 21.41 -1.085 214.64 1.Short term Secured loans 2.Inventory Turnover Ratio (F1 to B2) 13.Other current assets C.Net profit before tax 8.683 1.618) 0 503 0 3.853 56.02 - - - - 0.Financial Statement Analysis of Non Financial Sector 2013 Mehr Dastagir Textile Mills Ltd.Net profit margin (F7 as % of F1) 15.Debentures/TFCs 4.20 - - - - 0.346 (32.16 113.Preference shares 2.Return of equity (F7 as % of avg. of Ord.57 -1.000 92.Trade Debt as % of sales (B3 as % of F1) 4.159 62.96 95 -33.09 -0.21 0.333 0 3.98 -1.268 230.Total fixed liabilities (D1+D3) 3.General.509 53.19 1.57 -1.Gross Profit 4.Miscellaneous 1.282 0 0 0 0 0 0 53.96 1.916 77.74 1.645 0 53. wages and employee benefits 6.Total amount of dividend 10.031 92.87 0.868 1 0 1.509 53.29 -16.014 0 101.000 92.Short term investments 5.637 112 0 1.596 (42.000 0 (42.492 13.413 0 62.55 124.60 1.Administrative and other expenses 5.11 5.Current Assets (B1+B2+B3+B4+B5) 1.80 0. shares] 17.440 14.000 89.54 0.382 92.014 0 104.654 (22.000 0 (39.827 0 (43. of Ord.00 -0./share) [(F7-F8)/No.215 84.941 20 1.37 .Other current liabilities D.Trade Debt 4.(A+B)] 9.41 -1.Shareholders Equity (E1+E2+E3) 1.268 0 262.19 -1.43 0.000 0 (42.02 0.000 0 111.Return on assets [F7 as % of avg.Break-up value shares (Rs.382 0 (592) 0 49.000 92.536 436 74 0 0 67 102.91 0.524 1 0 1.Capital work in progress 2.01 0./share) (E/No.Return on capital employed ( F7 as % of avg.518 0 0 0 0 0 0 49.026 56.66 -11.777) 9.91 - - Items 248.67 -10.70 0.000 92.00 -0.488 2.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Cost of sales i).085) 0 (39.21 5.975 92.382 0 (592) 0 0.Cash flows from operations 230.06 5.Retention in business (F7-F8-F9) 4.Total capital employed (E+D) 2. shares) 17.00 -4.975 0 (998) 0 49.000 92.440 32.76 - - - - 1.645 0 53.06 5.159 50.059 94.Total value of bonus shares issued 11.74 -3.Long term investments 7.18 0.22 -1.716) 0 0 0 (132.Other input cost 3.944) 0 49.Tax expense (current year) 9. Subscribed & Paid up capital i).085) 116 748 0 3.Financial expenses of which: (i) Interest expenses 7.Employees benefit obligations 5.00 1.063 - F.Contractual Liabilities (G2+C1) H.063 92.02 0.Operating fixed assets after deducting accumulated depreciation 4.879 1.618) 0 (42.Key Performance Indicators 1.025) 0 503 0 3.Long term unsecured loans 3.000 0 110.Debt equity ratio [(C+D) to E] 8.02 0.518 0 56.Long term secured loans 2.00 1. A.225 9.00 1.20 -1.Acid test or quick ratio[(B1+B3+B4) to C] 2.Cost of material ii).00 -0.215) 5.014 0 101.972 0 (1.028) 0 (41.047 0 111.078) 12.Inventories 3.151 0 0 G. administrative and other expenses i).Depreciation for the year 5.Earning per share after tax (Rs.Current ratio (B to C) 6.131 252 4.413 0 0 0 0 0 0 50.Revenue Reserve 3.716) 32.Ordinary Shares ii).309 416 92.00 -0.626) 1. E) 10.Non-Current Assets (A1+A3+A5+A6+A7) 1.618) 0 (42.536 681 109 0 0 66 112.Issued.Cash & bank balance 2.13 -18.Cost of goods sold to sales (F2 as % of F1) 7.00 1.13 6.Sales i).13 -0.025) 0 (42.479 62.764 202.645 0 0 0 0 0 0 49.Operating cash flow to debt ratio [F11 to (C+D)] 16.972 92.Capital Reserve ii).Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.309 53.69 2.000 92.922 250 2 0 (1.382 92.Reserves i).24 0.49 -3.Current Liabilities (C1+C2) 1.000 0 (41.031 0 (13.Intangible assets 6.047 0 145.Other non-current assets B.369 10.138 33 0 1.

Contractual Liabilities (G2+C1) H.Financial expenses of which: (i) Interest expenses 7.439) 934 0 0 2.94 -0.210 624.321 37.760 10.Cash flows from operations 540.Total amount of dividend 10.Cost of goods sold to sales (F2 as % of F1) 7.Cost of sales i).507 421.638 236.469 0 49.Retention in business (F7-F8-F9) 4.72 0.02 -3.50 -1.98 6.181 560.Reserves i).820 309.958 0 (152.906 0 0 3.570 258.Long term secured loans 2.648 68.Total fixed liabilities (D1+D3) 3.Short term investments 5.745 734.724) 0 (598.319 39.559 0 49.14 0.587) 135.683) 0 (583.06 -27.368 1. wages and employee benefits 6.36 0.652 0 0 3. of Ord.390 135.Operating fixed assets after deducting accumulated depreciation 4.052 0 (85.043 95.382 650. Subscribed & Paid up capital i).736) 92.381 14.784 610.526 40.204 96.568 221.54 0.068 443.02 0.885 0 0 10.521 (1.601) 474.127) 0 0 0 (13.669 26.29 0.Ordinary Shares ii).423) 1.Inventories 3.285 76.651 35.975 56.722) 0 (635.941 562.564 0 5.689 (37.75 0.16 13.053 0 152.648 81.052 0 (583.968 59.258 (149.03 -2.805 10.75 -2.78 -6.Salaries.Other input cost 3.273 653.691 447.Dividend cover ratio [(F7-F8) to F9] 12.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.687 723.50 -6.Other current assets C.17 -88.196) 39.Debt equity ratio [(C+D) to E] 8.33 -19.931 (47.828 71.766 29.70 -7.920 562.670 0 0 G.05 -1. A.26 -196.68 9.00 -6.335 28.375 0 0 6.813 2.766 104.02 51.007) 32.630 606.593 (20.979 449.327) 221.34 0.90 6.832 (36.842 19. shares] 17.683) 324.Return on capital employed ( F7 as % of avg.924 0 778.053 151.Revenue Reserve 3.14 -2.891 0 0 7.23 -20.001.271 65.261 (7.162 430.916 12.992 637.Tax expense (current year) 9.125 100.Financial Statement Analysis of Non Financial Sector 2013 Mian Textile Industries Ltd.Long term unsecured loans 3.Issued.052 1.391 146.04 -23.852 26.074 19.747 447.354 223.345 578.965 0 113.312 24.Miscellaneous 1.45 Items 822.621 19.052 221.575 82.299 0 819.87 0.900 12.779 37.00 -6.612 468.Depreciation for the year 5.060 233.463 39.564 0 6.902 2.899 (53.895 10.44 96.95 52.052 221.223 0 57.978 449.533 37.05 7.446 0 0 8.463 40.763 0 777.396) 349.Operating cash flow to debt ratio [F11 to (C+D)] 16.13 96 .Return on assets [F7 as % of avg.67 -8.Financial expenses as % of sales (F6 as % of F1) 3.368 38.72 3.63 103.933 158.359 18.Current ratio (B to C) 6.573 2./share) [(F7-F8)/No.Inventory Turnover Ratio (F1 to B2) 13.079) 0 (558.371 135.495 159.533 21.224 59.Capital work in progress 2.56 0.900 (52.715) 14.Return of equity (F7 as % of avg.389 696.Other current liabilities D.14 -4.277 765.028 603.72 8.General.60 112.847 547.533 16.276 31.944) 221.358 463 74.65 0.366 9.076 89.70 -1.86 -6.Trade Debt as % of sales (B3 as % of F1) 4.15 -5.91 7.040 (24.115 29.898 (38.052 0 (558.158 21.Administrative and other expenses 5.722) 302.728 (46.Intangible assets 6.60 8.69 -0.649 2.18 -3.Local sales (Net) ii).Other non-current assets B.412 27.09 11.456 38.002) 1.(A+B)] 9.41 0.691 629.Net profit before tax 8.Cash & bank balance 2.499 675.Export Sales (Net) 2.Preference shares 2.521 286.Earning per share after tax (Rs.671) 18.44 1.382 0 108.815 (64.726 - 261.Other non-current liabilities E.052 221.489 430.17 -13.265 494.44 23.662 575.09 -0.41 -2.917) 2.396) 0 (533.Short term Secured loans 2.724) 313.922 0 819. E) 10.12 -8.473 14.Trade Debt 4.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 765.Gross Profit 4.24 -11.061 19.15 -15.706 238.41 0.662 233.927 (36.918 9.91 11.Total capital employed (E+D) 2.684 0 72.Shareholders Equity (E1+E2+E3) 1.931 0.564 0 5.87 0.Acid test or quick ratio[(B1+B3+B4) to C] 2./share) (E/No.341 2.Capital Reserve ii).211 148.061 108.051 (400) 221.Current Assets (B1+B2+B3+B4+B5) 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.662 0 240.995 31.071) 1.27 4.931 38.04 -29.38 -4.965 92.564 0 6. G1) 11.464 168.446) 533.15 12.052 221.557 38.230 688.616 12.00 0.107 421.689 38.052 221.73 0.Assets turnover ratio [F1 to (A+B)] 5.052 221.09 14.564 0 5.149 182.121 11.106 584.456 (76.29 0.886 4.320 (76.679 240.913 263.49 -8.Operation: 1.Net profit margin (F7 as % of F1) 15.911 6.495 11.00 -2.83 -0.852 2.Key Performance Indicators 1.07 -56.Long term investments 7.344 5.21 0.373) 459.052 0 (598.674 11.263 (111.627 661.311 140.127) 583.731 339.859) 14.Operating fixed assets at cost 3.022 443.01 -1. administrative and other expenses i).696 114.45 2.394 63.Selling & distribution expenses ii).745 9.919 11.39 -28.Debentures/TFCs 4.046 221.75 0.194 0 0 19.Cost of material ii).84 7.024 538.73 101.079) 336.052 0 (635.21 -12. of Ord.Total value of bonus shares issued 11.64 10.624 128.265 0 203.Employees benefit obligations 5.617) 447.368 (37.39 0.52 109.408 214.Break-up value shares (Rs.244 112.484) - F.49 0.Current Liabilities (C1+C2) 1.41 102.844 30.691 151.899 38.874 0 55.89 19.434) 268.303 125.808 (70.31 -144.64 122.584 1.78 -3. shares) - - - - - - 4.599 0 0 (39.390 0 494.106 204.Sales i).Non-Current Assets (A1+A3+A5+A6+A7) 1.052 0 (533.636 18.71 187.813 64.842 0 19.001) 221.021 0 816.

000 0 9.55 125.Debentures/TFCs 4.78 2.533 0 50.836 117.286) 868.37 0.892 0 596.Total capital employed (E+D) 2.078.878 21.397 106.805) 0 (16.471 (190.160.419 38.324 0 0 (8.619.Trade Debt as % of sales (B3 as % of F1) 4.84 .493 210.18 2.08 1.160.753 0 0 0 0 0 0 (355.828) 2.Return on capital employed ( F7 as % of avg.056 0 1.154.157 0 11.284 803 284.Operating fixed assets after deducting accumulated depreciation 4.19 -17.439.Key Performance Indicators 1.346 63.510 458.152) 1.54 0.127 135.377 0 (16.483.696 767.24 0.Net profit margin (F7 as % of F1) 15.030 2.35 -110.48 117.221) 188.274 82.043 502.413.Trade Debt 4.024 1. Subscribed & Paid up capital i).135.00 -22.247.Gross Profit 4.086 7.05 -57.510 0.950 147.357 744.406 1.Cost of material ii).Total fixed liabilities (D1+D3) 3.01 19.091 349.14 -36.749 (1.959 1.653 13.418 578.892 0 (1.768 789.400.328) 23.421) 0 (41.Employees benefit obligations 5.282 18.892 0 (614.432.293.274 (433.Return on assets [F7 as % of avg.440 1.050 (402.154.749 (1.73 -3.515 1.96 0.Capital work in progress 2.10 9.95 12.646) 767.120) 11.35 0.297.397.Net profit before tax 8.967 1.892 188.679 410.02 13.159 692.892 0 (1.816 0 0 47.Long term secured loans 2.533 37.Tax expense (current year) 9.384) 0 0 0 (4.04 4.Long term investments 7.762 90.Acid test or quick ratio[(B1+B3+B4) to C] 2.010 904. of Ord.434 1.79 12.Earning per share after tax (Rs.603 431.66 -5.925 6.538) 42.596 9.Intangible assets 6.784) 1.39 0.945 0 0 0 0 0 0 (339.510 (355.432.892 188.316 1.Reserves i).456 0 0 39. shares] 17.391 - F. of Ord.72 91.892 188.Operation: 1.902) 868.Current Assets (B1+B2+B3+B4+B5) 1.427) 0 0 0 7.588 106.283 188.840 - 1.153) 42.749 (1.590 151.119.892 188.44 -17.71 0.Salaries.670 318.647 0 0 0 14.233 100.108 495.Short term investments 5.108 674.537) 42.273.105 7.425 0 160.357.73 -22.97 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.55 -3. wages and employee benefits 6.82 199.268 0 0 G.171 43.840 1.246.66 -70.Sales i).908 0 1.38 0.041 37.528.075 91.Operating cash flow to debt ratio [F11 to (C+D)] 16.080 0 0 0 0 0 0 0 9.154.Export Sales (Net) 2.848 504.035.858 0 1.90 -11.98 0.268.00 0.749 (1.00 0.775 1.493 4.615 1.43 -92.346 1.General.Financial expenses of which: (i) Interest expenses 7.186 202.Cash flows from operations 1.56 -56.892 188.18 12.012 0 124.087) 948.Total amount of dividend 10.761 (13.Other input cost 3.018 1.49 0.399 93.Administrative and other expenses 5.Local sales (Net) ii).638.557 0 122.640 (300. administrative and other expenses i).Selling & distribution expenses ii).13 7.055 58.626 933.00 -0.953 1.Capital Reserve ii).44 4. E) 10.Return of equity (F7 as % of avg.271) 8.62 -3.(A+B)] 9.Issued.46 -18.89 -8. A.892 0 (1.28 41.76 19.00 -6.615 0 362.Other current assets C.458) 998.228 744.653 425.80 0.56 453.892 0 (1. shares) - - - - 1.Other non-current assets B.96 -4.880 (106.000 0 46.46 -20.029.366 493.701 75.Depreciation for the year 5.749 (657.Non-Current Assets (A1+A3+A5+A6+A7) 1.871 188.247.677 449.Current ratio (B to C) 6.46 -149.421) 188.95 0.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.143 0 0 0 0 0 0 (300.12 0.05 -15.173 484.566 176.600 4.805) 188.02 -19.503 1.247.384) 1.127) 225.892 188.Current Liabilities (C1+C2) 1.Long term unsecured loans 3.575 0 (118.762 156.247.Financial Statement Analysis of Non Financial Sector 2013 Mohammad Farooq Textile Mills Ltd.292 0 106.57 97 -3.Miscellaneous 1.235) 138.247.Inventories 3.Preference shares 2.29 4.93 8.606.Break-up value shares (Rs.702) 868.247.Operating fixed assets at cost 3.853 710.65 0.167 783.338.434 1.56 0.229.469 743.623 0 0 0 0 500.101.23 5.10 15.954 1.313 877.287) 788.Shareholders Equity (E1+E2+E3) 1.434 0 1.03 -21.407 (224. G1) 11.51 0.Cost of goods sold to sales (F2 as % of F1) 7.455 1./share) (E/No.070 0 0 0 14.10 -57.223 (336.03 0.39 14.434 76.514 431.592 133.394 903./share) [(F7-F8)/No.Financial expenses as % of sales (F6 as % of F1) 3.035.Other non-current liabilities E.279 317.173 (339.082 0 0 22.372 188.87 -18.528.456.080 (192.077 7.516 99.703 109.441.241 1.71 4.Assets turnover ratio [F1 to (A+B)] 5.Other current liabilities D.17 0.Ordinary Shares ii).178) 135.27 0.Cash & bank balance 2.371) 90.00 - Items 1.709) 42.006 0 0 0 19.522 (41.Inventory Turnover Ratio (F1 to B2) 13.97 -4.341 97.194 59.263 1.427) 1.988 (411.01 134.077) 891.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Cost of sales i).095 871 50.988 80.Retention in business (F7-F8-F9) 4.297.Contractual Liabilities (G2+C1) H.Total value of bonus shares issued 11.450 89.157 3.696 156.59 11.221) 0 (359.434 0 0 0 0 16.603 43.653 892 49.840 1.56 -12.378) 12.498 100.53 0.030 0 9.953) 42.01 -4.00 57.688 0 0 0 0 0 0 0 0 1.00 -2.55 -1.292 785.623 0 0 1.Debt equity ratio [(C+D) to E] 8.567 82.Dividend cover ratio [(F7-F8) to F9] 12.03 -167.39 0.975 43.160.434 0 1.510 445.160.421 (430.538 57.Revenue Reserve 3.Short term Secured loans 2.

216) 0 (84. administrative and other expenses i).64 -5.00 0.151 6.36 102.672 0 - 1.21 -12.Other current assets C.47 -2.Assets turnover ratio [F1 to (A+B)] 5.39 -8.008 10.21 62.391 0 13.184) 0 (3.576 7.Shareholders Equity (E1+E2+E3) 1.294 0 0 954 13.76 0.Key Performance Indicators 1.07 -2.Intangible assets 6.158 197 0 9.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.602 60.500 10.Short term Secured loans 2.125 1.127 424 0 15.835 154.657) 8.872 6.21 64.Cost of material ii).97 0. shares] 17.560 0 6.029) 17.45 0.209 53.Trade Debt 4.966 62.Return of equity (F7 as % of avg.03 0.935 63.Employees benefit obligations 5.800 34.657) 0 (91.328 4.564 0 48.904 (5.Operating cash flow to debt ratio [F11 to (C+D)] 16.910) 1.329) 0 0 0 1.259 10.442 0 3.788 33.874 - F.Debentures/TFCs 4.523) 0 (93.540 33.784 33.Other non-current assets B.079 0 53.202 (1.Operating fixed assets after deducting accumulated depreciation 4.500 (6.Operating fixed assets at cost 3.Sales i).Depreciation for the year 5.702 (2.493 0 12.077.83 0./share) (E/No.788 (18.000 0 (93.Break-up value shares (Rs.00 -2.Other current liabilities D.98 6.970 (12.359 0 3.16 -0. shares) -15.968 3.643 64.071 - 51.02 0.800 (19.Export Sales (Net) 2.013 28 0 11.658 16.284 4.406 0 (14.24 10.204 0 0 954 12.125 5.000 0 (88.310 48 0 11.297 4.Cash & bank balance 2.149 (15.15 2.18 0.201 (7.614 0 10.523) 8.211) 793 0 0 (290) (8.331) 8.452) 54.359 2.801 31.000 54.495 2.Surplus on revaluation of fixed assets - 30.000 0 (91.864) 592 0 0 (682) 0 0 0 1. of Ord.941 3.353 32.297 (5.709 22.796 3.599 1.738) 44.95 0.Total capital employed (E+D) 2.38 67.191) 0 (13.172 42.920 1.635 7.483 83.845) 426 0 0 G.Contractual Liabilities (G2+C1) H.825 6.698 611 0 18.Tax expense (current year) 9.264 0 11.559 3.597 6.39 0.676) 54.18 48.75 3.261 5./share) [(F7-F8)/No.15 -2.155 349 0 0 3.67 1.52 98 - - -0.481 42.784 0.906 3.132) 606 0 0 3.216) 16.Other non-current liabilities 0 0 (8.76 31.322.191) 54.18 5.745 28.18 30.00 0.Non-Current Liabilities (D1+D2+D3+D4+D5) (Thousand Rupees) 2012 2013 2008 Items 65.71 -6.53 -1.37 -5.987) 314 0 0 (8.Reserves i).Cash flows from operations (2.Gross Profit 4.Selling & distribution expenses ii).354) 4.80 -19.286 86.197 2.645 94.417 0 2.Debt equity ratio [(C+D) to E] 8.00 -0.713) 0 (2.Non-Current Assets (A1+A3+A5+A6+A7) - 1.249 1.202) 4.53 -6.354 0 1.16 - - 0.835 154.000 54.707 3.03 -1.22 -16.81 0.Cost of sales i).516 1.Inventories 3.853 18. G1) 11.Financial Statement Analysis of Non Financial Sector 2013 Mubarak Textile Mills Ltd.Operation: 83.53 -13.000 54.Trade Debt as % of sales (B3 as % of F1) 4.25 4.264 0 0 0 (29.26 0.310 6.37 -2.456) 28.26 -9.191) E.Local sales (Net) ii).73 0.338 314 0 26.General.643 4.577 0 39.562 40.794 (1.28 -4.20 13.36 -7.739 0 0 0 (31.857 2. 2009 2010 2011 60.Retention in business (F7-F8-F9) 4. of Ord.Miscellaneous 1.476 11.62 35. Subscribed & Paid up capital i).Dividend cover ratio [(F7-F8) to F9] 12.Capital work in progress 2.271) 42.Preference shares 2.194 559 12.82 .07 -5.Return on capital employed ( F7 as % of avg.972 6.995 0 1.Current Assets (B1+B2+B3+B4+B5) 1.Issued.Salaries.59 0.Revenue Reserve 3.67 0.479 32.076 0 4.36 -114.Inventory Turnover Ratio (F1 to B2) 13.202 0 1.(A+B)] 9.022 6.560 3.Net profit before tax 8.614 0 0 0 (25.Current Liabilities (C1+C2) 1.087 (11.000 0 (86.000 0 (84.39 - - - - - - 0.78 0.116) 8.Other input cost 3.132 0 2.496 7.849 56.46 105.09 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.427) 54.000 54.029) 0 (86.Cost of goods sold to sales (F2 as % of F1) 7.418 3.004) 28.03 0.961 11.Financial expenses as % of sales (F6 as % of F1) 3.563 2.495 0 4.563 0 2.Administrative and other expenses 5.354 (1.Current ratio (B to C) 6.463) 738 806 41.000 54.Net profit margin (F7 as % of F1) 15.201 0 0 954 13.301) 28.410 46.47 45.977) 54.06 -2.213 738 4.Total fixed liabilities (D1+D3) 3.Financial expenses of which: (i) Interest expenses 7.Long term investments 7.Long term secured loans 2.500 0 6.33 17.Ordinary Shares ii).044 0 0 1.Earning per share after tax (Rs.19 - - -2.531 108.492 0 0 1.07 0.81 106.Return on assets [F7 as % of avg.448) 54.331) 0 (88.276 28.Total value of bonus shares issued 11.046 28. E) 10.11 -2.Short term investments 5.479 29.46 -1. wages and employee benefits 6.000 0 (62.06 60.Total amount of dividend 10.642 45 3.23 0.904 51.Capital Reserve ii).500 65.280 60.076 1.373 0 53.483 0 85.61 0.363) 0 (12.94 75.479 31.050 0 1.78 1.559 8.22 0.140 20.Long term unsecured loans 3.814 0 1.739 0 11.773 3.814 0 660 0 (13.130 62.21 0.24 94.849 52.01 -0.000 54.564 51.68 A.391 20.

04 0.412 0 (4.Retention in business (F7-F8-F9) 4.Other non-current liabilities 2009 - B.02 -2.014 0 5.341 0 1.(A+B)] 9.00 0.46 3.000 0 (99.Intangible assets 6.Other current assets 1.Cost of sales i).00 -0.02 3.97 98.331 0 214.46 6.982 0 214.Gross Profit 4.Total value of bonus shares issued 11.264) 0 (87.Inventory Turnover Ratio (F1 to B2) 13.Net profit before tax 8.00 0.000 145.000 0 (93.Long term secured loans 2.Financial expenses as % of sales (F6 as % of F1) 3.07 0.685) 0 0.475 0 18.594 0 (5.13 0.51 -6.Non-Current Assets (A1+A3+A5+A6+A7) 1.00 0.Export Sales (Net) 2.00 0.827 0 0 1.Other current liabilities D.930 0 23.147 53 16 0 0 0 37 20.010 5.725 560 93.104 66.406) 0 62.157 0 214.27 -9.41 -29.467 0 214.104 0 1.699 0 1.006 (3.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.39 0.809 0 0 0 0 0 0 51.000 145.104 77.147 2.006 0 3.Return on capital employed ( F7 as % of avg.Earning per share after tax (Rs.Cost of goods sold to sales (F2 as % of F1) 7.825 0 0 0 0 0 0 57.54 -6.Shareholders Equity (E1+E2+E3) 2010 214.014 270 80 0 (5. administrative and other expenses i).Current Liabilities (C1+C2) E. Subscribed & Paid up capital i).000 145.Other input cost 3.Current ratio (B to C) 6.Operation: 1.29 2.Financial expenses of which: (i) Interest expenses 7.04 1.228 26.Short term Secured loans 2.225 0 29.736 0 (29.094 40 0 1.52 0.314 25 0 911 0 1.428) 0 41.General.Cost of material ii).000 145.732 0 0 0 (4.746 360 16 0 (6. of Ord.736 145.519 0 16.Long term unsecured loans 3.52 -7.10 0.Net profit margin (F7 as % of F1) 15.594 145.39 -40. wages and employee benefits 6.264) 0 72.14 0.94 -40.Current Assets (B1+B2+B3+B4+B5) (Thousand Rupees) 2012 2013 2008 0 0 86.Preference shares 2.699 0 26.732 0 1.961 0 93.147 3.147 2.979) 0 67.35 0.516 0 214.Assets turnover ratio [F1 to (A+B)] 5.378 23.273) 0 (107.16 0.00 -0.588) 0 57.Key Performance Indicators 1.809 0 23.930 0 0 0 0 0 0 45.Reserves i).82 98.52 -11.Salaries.184 4.Sales i).Total amount of dividend 10.499 95.84 0./share) [(F7-F8)/No.Debt equity ratio [(C+D) to E] 8.950 0 0 1.86 0.174) 0 37.406 0 2.870 7. shares) 81.104) 5.31 72. shares] 17.49 24.746 0 6.835 4.10 -9.104 56.Dividend cover ratio [(F7-F8) to F9] 12.976 1.225 360 0 0 (29.00 43.428) 0 0 0 2 0 0 0 2.Long term investments 7.Return on assets [F7 as % of avg.225) 0 0 0 446 0 0 0 0 0 0 0 6.379 23.00 -0.Depreciation for the year 5.104 (1.24 -11.00 0.03 0.37 3.Capital work in progress 2.Ordinary Shares ii).021 0 (6.870 78.24 0.000 0 (103.Surplus on revaluation of fixed assets 2011 - C.Financial Statement Analysis of Non Financial Sector 2013 Mukhtar Textile Mills Ltd.98 0.225) 0 51.47 -8.Operating fixed assets after deducting accumulated depreciation 4.138) 36 0 0 (1) 0 0 0 3.00 0.Total fixed liabilities (D1+D3) 3.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.59 -12.Debentures/TFCs 4.308 0 0 0 0 0 0 37. of Ord.673) 12 0 0 10 86.64 16.28 - - - - - 0.Local sales (Net) ii).00 -0.35 -12.691 60 0 0 G.Revenue Reserve 3.Trade Debt as % of sales (B3 as % of F1) 4.000 145. Items A.Total capital employed (E+D) 2.01 1.Short term investments 5.Employees benefit obligations 5.000 145.Operating fixed assets at cost 3.Contractual Liabilities (G2+C1) H.25 2.608 0 0 1.104 71.147 62 26 0 0 0 36 20.10 0.725 1.981 0 0 0 0 0 0 41.00 - - - - - 0. E) 10.Other non-current assets 69.406) 0 (99.Break-up value shares (Rs.661 0 1.Tax expense (current year) 9.369 5.308 0 20.Operating cash flow to debt ratio [F11 to (C+D)] 16.979) 0 (93.51 0.28 -9.000 0 (87.475 114.006) 667 0 667 0 0 0 (3.727 145.Cash flows from operations 114.Capital Reserve ii).61 1.273) 0 - 0 0 0 0 0 0 0 29. G1) 11.358 0 0 1.790 43 0 27.406) 1.717) 0 0 0 (15) 0 0 0 1.60 .Acid test or quick ratio[(B1+B3+B4) to C] 2.367 27 0 961 0 1.00 6.000 0 (107.588) 0 (103.320 6.406 (2.981 0 20.961 145./share) (E/No.Miscellaneous 1.Inventories 3.104 61.51 -9.393 23.00 99 - - - - - 0.104 69.825 0 23.000 0 (58.Issued.Cash & bank balance 2.04 0.Administrative and other expenses 5.727 0 (3.Return of equity (F7 as % of avg.412 145.717) 0 45.00 0.348 0 0 1.631 0 57.039) - F.Trade Debt 4.021 145.Selling & distribution expenses ii).

475 30.228 2.75 3.882 0 0 1.980 40.40 100 3.584 366.Current ratio (B to C) 6.970 1.58 2.26 1.498 379.140 0 (75.Other current liabilities D.41 -3.482) 350.495 696.Selling & distribution expenses ii).81 - - 3.696 0 1.000 0 159.Retention in business (F7-F8-F9) 4.613 422.023.Preference shares 2.34 0.286 1.Other non-current liabilities E.705 41.Financial expenses as % of sales (F6 as % of F1) 3.Short term investments 5.Operation: 1.Inventory Turnover Ratio (F1 to B2) 13.51 89.599 352.934 102.02 17.845 29.43 93.Cash & bank balance 2.000 0 152.668 291.871 23.425 178.149 225.668 0 75.726 178.641 463.730 306.Local sales (Net) ii).228 1.46 97.Trade Debt as % of sales (B3 as % of F1) 4.248 0 668.172.839 0.76 22.540 1. of Ord.96 -16.726 153.495 853.54 0.Key Performance Indicators 1.156.175 147.03 2.916 0 732.35 1.500 65.071 12.Return on capital employed ( F7 as % of avg.83 3.941 22.089.Ordinary Shares ii).865 81.28 -10.405 1.695 28.945 306.510.69 1.730 147.000 147.22 -5.16 3.68 12.730 0 159.913 (57.65 25.589 550.Cost of sales i).Acid test or quick ratio[(B1+B3+B4) to C] 2.714 389./share) [(F7-F8)/No.Long term secured loans 2.220 0 245.066 228.15 1.369 0 0 0 5.47 8.933 121.972 0 6.038 339.36 10.683 151.80 37.113 219.18 -5.000 0 10.586 180.520) 2.22 1.125 2.580 158.Cost of material ii).617 461.446 441.175 0 144.18 20.21 -0.General.Financial Statement Analysis of Non Financial Sector 2013 N.44 0.05 -0.Current Assets (B1+B2+B3+B4+B5) 1.696 171.Cost of goods sold to sales (F2 as % of F1) 7.82 1.10 0.000 0 226.88 24.696 1.327 550.846 39.281.586 407.Net profit before tax 8.850 88.52 19.230 483.P.125 732.Tax expense (current year) 9.800 598.679 704.Miscellaneous 1.000 178.000 147.Dividend cover ratio [(F7-F8) to F9] 12.79 2.968 39.218 8.000 0 9.495 527.153 29.972 299.220 147.23 0.807 24.44 2.220 0 253.852 28.726 147.785 0 1.657 54.732 16.175 56.557) 17.495 396.652 0 0 1.Capital Reserve ii).655 478.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.31 94.16 11.705 0 411.067 7.958 293. E) 10.245 0 68.091 27.346 32.427 0 0 113.960 13.785 1.971 13.(A+B)] 9.944 82.Break-up value shares (Rs.705 13.193 7.698 121.029.674 373.494 59.562 1.022 17.11 1.535 197.911 29.577 147.695 0 7.016 301.181 0 39.577 0 246.958 572.495 741.023 227.739.Cash flows from operations 1.756.95 3.477.000 0 253.Capital work in progress 2.87 4.Issued.068 10.028.692 348.250 290.59 3.489 22.410 0 134. G1) 11.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 234.82 1.952.074 31.Other input cost 3.411 34. administrative and other expenses i).498 325.00 3.273.314 28.Financial expenses of which: (i) Interest expenses 7.369 54.141.20 1.Short term Secured loans 2.88 91.69 18.14 1. wages and employee benefits 6.000 0 144.000 147.656 67.703 49.Salaries.691 1.276 350.907 234.27 17.87 0.37 2.Operating fixed assets at cost 3.43 3.410 24.747 75.452.726 - F.00 33.630.491 225.Total amount of dividend 10.487 0 0 1.285 0 39.Inventories 3.680 26.Revenue Reserve 3.Export Sales (Net) 2.670 82.970 0 1.000 147.318 384 38.00 4.77 1.469 356.778 6.Assets turnover ratio [F1 to (A+B)] 5.173 2.552 10.08 7.Total value of bonus shares issued 11.41 0.154 0 0 1.902 0 (2.608) 1.056 36.640 0 (85. Spinning Mills Ltd.23 0.238 148.129.Operating fixed assets after deducting accumulated depreciation 4.Total capital employed (E+D) 2.Other current assets C.488 158.122 538.Trade Debt 4.000 147.887 323. A.96 0.62 2.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.493 172.353 1.993 117.50 1.766 165.Administrative and other expenses 5.61 2.887 187.38 Items 646.847 371.421 26. shares] 17.Sales i).89 27.141 8.015 20.753 22.220 50.15 1.59 3.385 296. of Ord.558 0 0 1.02 2.500 - 1.Employees benefit obligations 5.314 2.494 26.628 0 46.69 1.60 9.Net profit margin (F7 as % of F1) 15.830 509.99 1.Operating cash flow to debt ratio [F11 to (C+D)] 16. shares) 6.726 40.Gross Profit 4.Depreciation for the year 5.Debentures/TFCs 4.730 0 367.197 32.608 177.047 42.577 0 226.175 0 229.06 1.84 7.26 -1.Contractual Liabilities (G2+C1) H.146 511.039 1.372 25.Total fixed liabilities (D1+D3) 3.655 145.000 G.752 400.Debt equity ratio [(C+D) to E] 8.Long term investments 7.925 0 0 (122.16 1.792.615 243.Return of equity (F7 as % of avg.380 244.796 6.261) 151.Earning per share after tax (Rs.14 22.198 61.770 86.Long term unsecured loans 3.21 0.Intangible assets 6.24 4.041 24.086 78.618 59.05 5.85 1.400 0 19.703 41./share) (E/No.21 89.473 37.499 1.16 . Subscribed & Paid up capital i).198 122.065 0 134.40 1.141.Return on assets [F7 as % of avg.18 1.617 0 0 0 21.046 442.Current Liabilities (C1+C2) 1.000 147.930 147.213 79.930 - 10.53 0.98 2.536 0 664.947 0 53.Reserves i).116 76.494 176.584 1.870 0 87.04 1.684 19.483 66.164.639 144.807 229.88 0.Other non-current assets B.09 0.79 0.580 622.153 21.436 0 51.914 69.Shareholders Equity (E1+E2+E3) 1.20 1.519 0 0 0 3.630.156.58 3.Non-Current Assets (A1+A3+A5+A6+A7) 1.78 1.07 23.970 0 884.13 20.

57 5.348 269.221 13.037 52.68 20.797 1.Return on assets [F7 as % of avg.Cost of sales i).113.271 256.Net profit before tax 8.434 0 530.833 9.644 1.033 1. of Ord.03 0.904 0 55.901 7.262 1.023 99.29 0.568 747.Return of equity (F7 as % of avg.81 93.718 2.495) 633.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.859 3.Total amount of dividend 10.633 26.121 665.107 869.864 50.96 93.690 869.447 70.Current ratio (B to C) 6.10 6.Capital Reserve ii).375.964 176.Cost of material ii).649 103.85 44.833 8.024 105.150 120.289 15.630 1.842 535.Total capital employed (E+D) 2. administrative and other expenses i).030 0 50.74 101 - - - 9.Tax expense (current year) 9.288 170.651 948.65 0.26 3.Inventories 3.18 2.439 120.674 871 376.084 0 0 805 451.644 443.00 -2.893 105.250 4.880 38.295 2.72 3.640 27.57 10.33 10.589 180.Earning per share after tax (Rs.823 710.67 1.22 6.299 154.072 52.136. Subscribed & Paid up capital i).479.980 94.946.735 100.858 0 878.14 0.947.225 965.Long term unsecured loans 3.Key Performance Indicators 1.61 0.413 0 - 1.459 484.668.809 1.161 120.759.Current Liabilities (C1+C2) 1.977 2.32 0.571 0 0 8.484 880.Other input cost 3.631 4.48 0.500 0 0 14.676 156.Other current assets C.123 11.41 51.Acid test or quick ratio[(B1+B3+B4) to C] 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.907 35.Long term secured loans 2.842 530.236 53.Financial expenses as % of sales (F6 as % of F1) 3.150 0 415.975 366.46 7.190 159.17 1.Cash flows from operations 1.Shareholders Equity (E1+E2+E3) 1.(A+B)] 9.347 51.33 1.997 101.500 14.19 38.Gross Profit 4.Employees benefit obligations 5.51 38.150 0 343.16 3.395 0 601.665 151.631 14.Export Sales (Net) 2.77 92.08 1.383 101.Capital work in progress 2.13 2.015.General.684 509.150 0 338.466 113.036 8.824 720.904 12.569 506.434 7.067 633.27 2.Operation: 1.28 1.601 78.12 0.870 327 362.73 1.663 21.987 51.438.124.117 706.935 124.051 15.995 27. wages and employee benefits 6.201 9.150 0 141.762.062 74.545 0 0 G.094 92.649 546.36 0.123 0 0 36.209 4.502 1.256 50.832 0 0 5.856 91.138 120.968 479.762 18.Retention in business (F7-F8-F9) 4.331 168.03 -6. A.325 1.95 10.44 1.327 1.216 0 0 171.734 384.572 559.047 7.615 210.159 120.Short term Secured loans 2.472.614 96.78 90.628. of Ord.77 3.828 54.183 741.715 3.Other non-current assets B.746.983 2.311 38.541 912.Non-Current Assets (A1+A3+A5+A6+A7) 1.672 3.150 120.Return on capital employed ( F7 as % of avg. G1) 11.Contractual Liabilities (G2+C1) H.673 866.003 18.244 0.033 37.466 313.09 0.053 46.630 26.575 133.150 120.130 1.123 24.203 120.152 0 78.46 11.774 1.374 5.Dividend cover ratio [(F7-F8) to F9] 12.40 2.Debt equity ratio [(C+D) to E] 8.748 443.395 0 0 7.741 230.Inventory Turnover Ratio (F1 to B2) 13.23 -8.364 58.322 161.68 0.483.575 400.303 35.Current Assets (B1+B2+B3+B4+B5) 1.50 1.355 0 (29.04 Items 869.092 0 0 7.Trade Debt 4.168 63.261.748 49.329 479.Net profit margin (F7 as % of F1) 15.571 2.643 1.23 8.393 536.32 6.316 1.18 2.Local sales (Net) ii).62 .053 - F.468 1.Break-up value shares (Rs.347 280.907 80.229 992.Assets turnover ratio [F1 to (A+B)] 5.Trade Debt as % of sales (B3 as % of F1) 4.436 0 708.474 117.38 0.921 1.553 479.988 15.83 92.943 932 287.Short term investments 5.Administrative and other expenses 5.Miscellaneous 1.592 784.99 11.575 327.383.91 17.575 322.714 0 1.946 50./share) [(F7-F8)/No.37 0.206 395.990 463.271 3.278 95.082 0 0 231.Total value of bonus shares issued 11.036.65 7.Other current liabilities D.Operating cash flow to debt ratio [F11 to (C+D)] 16.632 37.950) 7.381 97.16 -2.478 32.047. shares) - - 3.70 6.062 314.060.Long term investments 7.988 3.413 339.23 5.150 120.152 261.633 52.071 48.08 3.30 37.Reserves i).625 186.28 2.Depreciation for the year 5.Ordinary Shares ii).96 0.259 598.462 50.283 53.331.971 44.Selling & distribution expenses ii).11 22.440 453.655 58.168 748.72 0.03 85.552 248.42 1.Financial Statement Analysis of Non Financial Sector 2013 Nadeem Textile Mills Ltd.222 581.210 15.01 58.316. shares] 17.45 21.167 743.284 120.815 497.Financial expenses of which: (i) Interest expenses 7.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 484.031 727.13 6.698 26.549 9.383 591.Cost of goods sold to sales (F2 as % of F1) 7.67 2.41 -1.003 0 0 15.04 1.832.832 70.20 5.07 15.150 120.Other non-current liabilities E.429 0 1.Total fixed liabilities (D1+D3) 3.708 256.072 152.469 79.007.037 35.972 109.Issued.36 3.009 15.104 4.783 817.47 1.06 1.127.275 1.134 15.Operating fixed assets at cost 3.21 11.505 221.36 1.190 0 0 11.011 15.960 122.Cash & bank balance 2.09 1.171 470.575 317.150 120.141 114.11 4.Revenue Reserve 3.35 4.559 0 485.150 170.848 458.51 3.531.322.120 0 0 80.Operating fixed assets after deducting accumulated depreciation 4.179.634 41.Sales i).532 14.41 0.87 0.98 2.886 7.861 520.071.731 (21.Salaries. E) 10.867 689.42 3./share) (E/No.123 82.571 246.872 0 0 8.373 0 0 34.25 22.82 0.884 652.Intangible assets 6.150 0 333.14 3.954 489.629.Debentures/TFCs 4.71 4.896 3.775 132.93 5.538 16.Preference shares 2.244.421 26.150 0 149.

Debentures/TFCs 4.032 37.879 253.Long term secured loans 2.256.958 93.769 287.096 0 3.016 184.707.791 53.000 0 140.41 0.Total fixed liabilities (D1+D3) 3.Reserves i).422 12.94 29.04 89.40 6. of Ord.229 530.013 322.70 0.000 187.900 26.502 1.740 305.16 12.691 609.551 6.35 92.General.454 1.341.Operation: 1.765 411.158.893 109.033 156.Financial expenses of which: (i) Interest expenses 7.964 1.103 4.77 40.233 0 2.870 232.704 413.95 32.000 0 217.129 325.00 17. Subscribed & Paid up capital i).000 1.952 339.Miscellaneous 1.Ordinary Shares ii).19 1.356 26.407 256.Earning per share after tax (Rs.62 57.552 669.463 475.941.318 143.Depreciation for the year 5.397 206.814 19.Operating cash flow to debt ratio [F11 to (C+D)] 16.58 2.429.595.087 2.851 1.861 386.910 14.56 0.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.508 1.964 613.664.054.674.209.798 0 109.758 290.022 59.621 501.67 1.296 0 731.568.136 2.Revenue Reserve 3.278.129 0 0 357.072 777.155 1.312. shares) - - - 6.887 338.68 0.444 4.500 0 655 4.067 533.067 399.91 0.031.62 7.Total capital employed (E+D) 2.Cost of material ii).Acid test or quick ratio[(B1+B3+B4) to C] 2.547 204.199 109.157 203.083 57.850 530.774 403.441 291.963 56.597 60.729.09 14.Long term investments 7.830 4.084.Short term investments 5.Dividend cover ratio [(F7-F8) to F9] 12.415 559.71 35.898 (32.831 296.46 9.754 606.633 196.776 404.216 255.Other current liabilities D.022 681.Cost of goods sold to sales (F2 as % of F1) 7.39 1.62 102 .31 24.96 5.515.262 1.785 547.677 87.611 9.789.94 1.68 4.000 0 867.61 1.442 0 162.000 187.08 7.530 50.068 0 0 19.761 818.70 3.234 0 198.Current Liabilities (C1+C2) 1.000 0 1.546 34.77 78.Other input cost 3.66 0.Retention in business (F7-F8-F9) 4.026 174.312 159.923 156.842 0 77.417 260.444 722.833 685.956 489.984 6.268 232.387.217 6.419 528.04 80.645 187.235 308.388.Inventory Turnover Ratio (F1 to B2) 13.996 93.422 365.363.317 1.379 625.367 77.350 4.157 922.999 1.141 77.50 82. A.Return on capital employed ( F7 as % of avg.07 0.000 0 224.18 3.529 3.622 1.Operating fixed assets after deducting accumulated depreciation 4.095 515.630.702 908.96 0.821 1.Gross Profit 4.091 1.035 4.065 256.Total value of bonus shares issued 11.995 3.203 1.79 10.552 283.603 155. shares] 17.60 13.181 291.165 276.370.Financial Statement Analysis of Non Financial Sector 2013 Nagina Cotton Mills Ltd.241 0 16.635 0.126 1.95 83.43 23.841 82.06 0.899 216.709 2.22 0.899 102.140.249.758 1.Long term unsecured loans 3.Contractual Liabilities (G2+C1) H.290.653 1.385 216.261 253.312 333.27 0.881 480.259.360 936.Other current assets C.Administrative and other expenses 5.000 187.000 187.Salaries.337 1.765 49.000 0 0 G.Break-up value shares (Rs.676 78.12 1.036 249.02 0.Cash flows from operations 1.000 0 473.964 830.14 0.720 106.553 242.237 0 1.776 0 308.27 9./share) [(F7-F8)/No.165 238.26 1.226 187.650 121.Short term Secured loans 2. G1) 11.782.34 Items 1.728 107.915 - F.119 77.98 3.Total amount of dividend 10.05 2.00 0.596.715 1.536 400.275 62.584 616.611 322.142 0 34.933 116.78 22.553 0 641.Cost of sales i).23 3.756 1.343 3.651 637.320 187.482 1.69 8.73 18.045 713.500 0 424.133 66.26 2.81 3.315 52.19 21.379.856 110. wages and employee benefits 6.64 4.928 888.832 19.879 187.484 141.829 694.831 56.38 1.745 240.45 56.Intangible assets 6.368 94.52 1. administrative and other expenses i).58 2.487 477.012 511.728 187.742 2.63 2.000 2.646 725.Operating fixed assets at cost 3.17 1.Tax expense (current year) 9.94 1.Net profit margin (F7 as % of F1) 15.111 1.602 192.835 0 770.62 48.621 262.002 480.67 0.49 27.949 53.46 18.995 1.Current Assets (B1+B2+B3+B4+B5) 1.656 61.174.Net profit before tax 8.834 670.318 585.109 3.651 0 0 0 17.Capital Reserve ii).789 82.638 103.338 760 1.383.Other non-current assets B.443 159.41 1.305 124.05 10.759 160.000 187.874 80.23 2.80 32.689 128.16 32.Shareholders Equity (E1+E2+E3) 1.Employees benefit obligations 5.Financial expenses as % of sales (F6 as % of F1) 3.Trade Debt 4.084 1.271.119.28 5.155 512.547 662.Cash & bank balance 2.Export Sales (Net) 2.Capital work in progress 2.265 74.119 83.045 282.98 2.766 486.833 754.19 4.429 14.474 158.218 14.Debt equity ratio [(C+D) to E] 8.058. E) 10. of Ord.188 364.711 587.90 20.805.21 7.66 31.989 553.003) 1.Inventories 3.39 1.152 2.755.Current ratio (B to C) 6.05 0.Issued.620.068 345.618 0 130.635 55.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.330 512.Return on assets [F7 as % of avg.65 0.Preference shares 2.778 152.Trade Debt as % of sales (B3 as % of F1) 4.268 0 0 14.12 6.226 253.Local sales (Net) ii).262 0 - 2.910 3.Sales i).000 187.04 42.Other non-current liabilities E.28 0.24 2.87 1.895 256.832 17.045 2.768 171.288 15.651 159.261 187.746.939 276.Non-Current Assets (A1+A3+A5+A6+A7) 1.006 2.44 67.451.426 3.311 106.017 56.05 2.653 112.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 547.240 187.868 1.49 6.95 2.Selling & distribution expenses ii).(A+B)] 9.Return of equity (F7 as % of avg.696 0 16.561 822.917 1.20 6.320 - 1.290.374 85.53 4.778 704./share) (E/No.571 1.02 95.Key Performance Indicators 1.145 486.Assets turnover ratio [F1 to (A+B)] 5.

00 0.117 3.831 43.94 - - - - - 0.241 0 9.Dividend cover ratio [(F7-F8) to F9] 12.127 31.886.112) 0 0 0 - - 139.248 0 21. wages and employee benefits 6.675 184 1.557 0 29.27 -140.828 0 61.701 89.190 (4.880 155.Long term unsecured loans 3.062) - - (49.Short term Secured loans 2.478) 222 G.Total amount of dividend 10.82 0.Financial expenses as % of sales (F6 as % of F1) 3.12 74.27 -7.190 0 0 0 0 (102.Local sales (Net) ii).715 288.Return on capital employed ( F7 as % of avg.119 7.80 2.93 0.Total fixed liabilities (D1+D3) 3.Other current assets C.82 0.912 86.00 0.000 230.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Trade Debt 4.654 191.Earning per share after tax (Rs.866 0 (5.Gross Profit 4.050 759 7.408 19.41 2.678 11.868 86.112) 10.Total value of bonus shares issued 11.00 - - 0.Shareholders Equity (E1+E2+E3) 1.248 0 21.991 292 0 2.Tax expense (current year) 9.117 3.347) 3.82 -190.14 -3.Other current liabilities D.532 (96.40 4.678 11. shares] 17.Other input cost 3.Cash & bank balance 2.Employees benefit obligations 5.050 657 103 - - 64.09 -10.346.701 95.064 10.234 (2.18 93.Return of equity (F7 as % of avg.000 230.Financial expenses of which: (i) Interest expenses 7.995 0 0 0 (245.000 0 (332.76 -1.826 155.Long term investments 7.Cost of goods sold to sales (F2 as % of F1) 7.18 0.Debentures/TFCs 4.Current ratio (B to C) 6.831 (128.Acid test or quick ratio[(B1+B3+B4) to C] 2.950 155.947) 0 91.83 0.190 (4.Break-up value shares (Rs.00 0.Cost of material ii).190 189.831 133.Assets turnover ratio [F1 to (A+B)] 5.675 184 1.Issued.Trade Debt as % of sales (B3 as % of F1) 4.730 189.Net profit margin (F7 as % of F1) 15.580) (2.Return on assets [F7 as % of avg.755 7.542 5.000 6.000 230.020) - - 0 0 0 0 0 0 0 139.241 0 9.234 0 0 0 0 (98.502) 210.25 -1.868 48.Intangible assets 6.726 244 1.580) 230.99 .998) 230.000 92.Operating fixed assets at cost 3.19 -4.831 0.117 3.Long term secured loans 2.00 -0.364) 0 - 0 0 0 0 0 0 0 7.29 0.00 -0.Cash flows from operations 10 7.Depreciation for the year 5.111) (466. shares) - - - - -2.03 2.828 0 61.66 -3.Miscellaneous 1.Administrative and other expenses 5.464 0 0 0 0 0 0 0 3.49 3.19 -4.836 194 0 2.000 230.19 103 -2.Retention in business (F7-F8-F9) 4.Operation: 166 166 0 156 1.695 155.000 0 (470.241 43 2 0 (4.701 89./share) (E/No.064 60.Current Liabilities (C1+C2) 1.953 10. Subscribed & Paid up capital i).464 1.000 230.14 - - - - - 0.190 189.33 -7.959) 64.000 230.998) (2.11 0.838 F.967 28 3 0 (2.945 0 0 2.241 43 2 0 (4.Export Sales (Net) 2.929 1 (128.59 -2.Preference shares 2.71 2.633) (330.192 189.871 0 8.14 -3.117 4.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.532 0 60.07 -4./share) [(F7-F8)/No.542 5.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 Items 450.04 -1.117 30.10 0.75 0.102) 315 0 0 1.Key Performance Indicators 1.000 0 (328.070) 230.234 191.943 19.838 2.Financial Statement Analysis of Non Financial Sector 2013 Nazir Cotton Mills Ltd.66 6.000 155.831 132.11 0.792 588 22.27 -4.00 0.967 0 7.Other non-current liabilities E.Total capital employed (E+D) 2.678 11.364) 0 91.730) 0 (6.Inventory Turnover Ratio (F1 to B2) 13.44 0.814 16.831 (5.408 19.819 16.Selling & distribution expenses ii).11 0.983 0 0 0 0 0 0 0 9.Non-Current Assets (A1+A3+A5+A6+A7) 1.265 191. E) 10.248 0 21.000 11.01 -0.Contractual Liabilities (G2+C1) H.417) 208.Sales i).Inventories 3.119 4 (6. of Ord.00 2.062) 165.98 -2.96 A.Current Assets (B1+B2+B3+B4+B5) 1.273) 229 0 0 636 0 0 0 0 0 0 0 9.15 0.58 -10.01 -0.383 25.00 - - - - -128.22 -10.Ordinary Shares ii).000 0 (475.692 165.Revenue Reserve 3.533 25. administrative and other expenses i).000 0 (332.194 0 0 2. G1) 11.Salaries.00 3.871 21.Reserves i).417) 208.477 4.102) 315 0 0 1.34 -4.16 -5.925 0 8.262) 230.945 0 0 2.681.190 0 0 0 0 (102.Operating fixed assets after deducting accumulated depreciation 4.(A+B)] 9.918 99.632) (325.000 0 (326.953 288.925 0 8.Net profit before tax 8.715 10.Cost of sales i).General.Capital work in progress 2.262) - 759 657 - - 16.111) (472.88 0.48 -0.Short term investments 5.070) (3.383 194 1. 2009 2010 2011 99.Capital Reserve ii).Debt equity ratio [(C+D) to E] 8.Other non-current assets B.Operating cash flow to debt ratio [F11 to (C+D)] 16.347) 165.98 -4.119 0 0 0 (240. of Ord.57 22.338 3.131) 230.383 25.633) (330.127 31.131) (3.11 -4.998) 230.00 -0.48 0.730 189.983 (35.00 0.951 3.00 0.951 97.192 189.998) (2.

401.886.Other current liabilities D.769 9.799 124.418 1.Sales i).442 298.399 1.653 9.397 10.41 7.037.55 1.322.441.333 7.986 (1.26 1.296.724.972.930 371.Short term Secured loans 2.733 1.418 1.337 517.183 1.89 32.41 0.972 181.358.023 0 7.462.860 0 6.447.598 15.081 291.162 2.912.903 33.190.427 8.659.78 35.Other non-current liabilities E.440 1.Debentures/TFCs 4.050.834 186.56 1.527 68.86 79.380 998.034.639 12.940.913 1.930 3.25 1.03 4.296.939 998.076.089.123 3.448 10.000 0 0 683.704.145.616.729.410.09 12.04 1.729.723) 5.Financial Statement Analysis of Non Financial Sector 2013 Nishat (Chunian) Ltd.23 8.51 0.067 1.259.175 7.933 1.990 1.434) 18.41 1.249.059 2.06 6.254.515 4.85 15.12 83.848.000 14.895 47.921 254.281 76.532 5.Operating fixed assets after deducting accumulated depreciation 4.473.372.123 1.Other input cost 3.986.51 44.040.19 .002 6.Other current assets C.Dividend cover ratio [(F7-F8) to F9] 12.505 1.250 0 0 6.361 193.420.Cost of sales i).207 6.443 12.282 721.595.183 58.566 8.720 58.250 0 0 8.67 0.171.577 518.038.591.162.789 208.768 4.Inventories 3.411 0 - 9.295 11.143 286.47 0.387 82.25 34.966 599.306 0.873 0 281.75 2.319.03 8.029 2.Earning per share after tax (Rs.635 1.145 11.942 10.Long term secured loans 2.963 5.246 2.457 6.134 16.Contractual Liabilities (G2+C1) H.319 5.570 15.933 2.644 0 1.459.622.856.603 9.Operating fixed assets at cost 3.237 5.443 1.919 322.390 101.104 1.590 368.Reserves i).819.520 1.16 1.244 5.681 5.545 3.935 259.834.965 1. E) 10.591.82 4.642 330.18 8.495 2.074.144.49 4.386 7.766.939 2. wages and employee benefits 6.Total fixed liabilities (D1+D3) 3.186 - F.051.397 705.340 0 406.84 1.547 860.315.114.152.605.Issued.181 0 (349.38 0.Operating cash flow to debt ratio [F11 to (C+D)] 16.296.476.298.66 28.665 1.654.06 7.90 1.939 0 0 0 0 4./share) (E/No.579.218.97 35.418 1.457 34.851 13.904.725 0 1. shares] 17.76 0.595.Other non-current assets B.371 6.985.873.29 10.186.775 3.165 1.420.Cash & bank balance 2.527.654.Ordinary Shares ii).919.Total capital employed (E+D) 2.11 4.027.880 315.150.Export Sales (Net) 2.985 566 1.84 0.17 0.234.798 685.Depreciation for the year 5.Cost of material ii).362 8.50 2.298 3.576 0 9.299 0 2.58 104 - - 4.684.922 6.814 827.112 135.Capital work in progress 2.974 194.566 923 0 4.729.766 5.641 5.928 0 8.932.191 166.240.987 2.77 85.218.976.179 2.61 3.05 1.194 752.703.908 438.330 0 4.445 1.250.762 1.73 1.Employees benefit obligations 5.517 0 0 629.Miscellaneous 1.148 535.213.892 2.09 8.029 0 2.Local sales (Net) ii).584 3.617.418 1.097.Current Liabilities (C1+C2) 1.068.346 2.50 0.511.80 0.149 1.266 1.664 878.00 0.050.884 165.183.020.661.Debt equity ratio [(C+D) to E] 8.90 2.333.582.524 866.264 9.639.101.716 2.620.118 6.567 821.059 2.91 22.26 10.91 5.Intangible assets 6.73 12.822 361.500 11.304 16.189 12.630.385 8.201.25 11.299 0 8.200.757.Trade Debt as % of sales (B3 as % of F1) 4.57 10.103.999 499.578.368.223 0 4.655 1.28 83.23 41.023 0 4.04 4.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.463 134.974.094 9.Non-Current Assets (A1+A3+A5+A6+A7) 1.Inventory Turnover Ratio (F1 to B2) 13.858 5.590 3.93 -0.Financial expenses of which: (i) Interest expenses 7.Return on capital employed ( F7 as % of avg.913.060.084.943 5.259.662.Short term investments 5.994 1.107.860 1.245 3.288.917 11.645.020 3.491.060 101.783 549.183 416.585.51 1.505.Total amount of dividend 10.Shareholders Equity (E1+E2+E3) 1.09 5.Return on assets [F7 as % of avg.518 3. A.884 3.008 0 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.819.81 88.408.333.93 0.513.275.69 4.Current ratio (B to C) 6.397 315.Break-up value shares (Rs.981.162.251 2.Retention in business (F7-F8-F9) 4.971.970 20.Net profit before tax 8.843 3.297.646 17.177 2.23 36.Operation: 1.44 5.73 0.778 535.677 12.86 18.221.Tax expense (current year) 9.190.Long term investments 7.373 3.747 522.008 752.516.36 2.619 6.72 0.22 0.16 11.Preference shares 2. G1) 11.394 4.073.518.942.800 65.30 28.07 Items 9.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Salaries.28 88.390 0 0 0 1.32 7.871.469 391.834. shares) 0.656 2.Administrative and other expenses 5.Long term unsecured loans 3.482.Total value of bonus shares issued 11.800 15.610 10.84 0. of Ord.600.593.624 12.191.894 1.576 0 4.760 363.Selling & distribution expenses ii).634 3.856 32.726 4.299 893.156 90.454 8.18 9.05 1.149.041.540 3.Financial expenses as % of sales (F6 as % of F1) 3.682.343.18 -0.Assets turnover ratio [F1 to (A+B)] 5.616 137.243.867 5.853 1.135.875.130.85 10.Capital Reserve ii).729 0 925.540.677 1.64 1.97 1. administrative and other expenses i).732 5.27 3.207 631.700 0 G.586 267.Return of equity (F7 as % of avg.883 1.Cost of goods sold to sales (F2 as % of F1) 7.992 7.834 7.72 1.208.578 10.615 5.868 13.654.988 9.964.570 626.271 4.081.200.Cash flows from operations 9.Revenue Reserve 3.19 6.396.76 3.210.191.138.010.148 1.765 2.081 10.262 1.182 2.411 0 6.023 4.589.459.648.552 3.338 211.054 1.10 2.27 15.654.Gross Profit 4. of Ord.605 2.488.927.546 18.238 5.771 10.Trade Debt 4. Subscribed & Paid up capital i).054.179.536 1.418 0 4.786 872.513 324.646.429 6.(A+B)] 9.893 3.201.72 6.Net profit margin (F7 as % of F1) 15.250 0 0 5.General.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 6.230 21.958.456.25 3.467 5.477 13.062 3.676./share) [(F7-F8)/No.026.985.46 4.23 1.718 1.997 4.83 0.27 16.31 0.716 13.713 3.099 8.271 1.683 0 406.636 1.63 20.446 6.353.Current Assets (B1+B2+B3+B4+B5) 1.887.209 413.530.Key Performance Indicators 1.862.

683. administrative and other expenses i).616 6.Financial Statement Analysis of Non Financial Sector 2013 Nishat Mills Ltd.759 305.16 4.Sales i).661.481.430.Cost of material ii).492.092.11 0.000 3.General.598 834.52 15.432 0 35.883 3.781.65 3.344 0 36.147 3.999 0 55.163.68 1.126.93 4.Operating fixed assets at cost 3.000 1.512 1.Total capital employed (E+D) 2.246.Salaries.602.889 11.(A+B)] 9.85 7.50 7.Acid test or quick ratio[(B1+B3+B4) to C] 2.160 13.470.767.Current Assets (B1+B2+B3+B4+B5) 1.767 2.305 37.86 81.804 4.352 2.494.75 0.698 4.671 2.813.02 16.144 12.Other non-current liabilities E.Non-Current Assets (A1+A3+A5+A6+A7) 1.376.21 89.201 39.118.778.Inventories 3.78 100.366 1.561.83 2.697 14.354.775.Net profit before tax 8. G1) 11.942.Retention in business (F7-F8-F9) 4.600 0 2.Operating fixed assets after deducting accumulated depreciation 4.20 83.542 52.515.55 14.000 1.750 11.150 27.680 2.957 26.846.46 12.328 3.351.608 23.036 27.087.204.80 105 .87 4.65 0.529 1.862 10.66 4.Long term secured loans 2.77 0.314 19.857 1.095.84 0.560.66 165. of Ord.928.821.381.597.515.09 11.294.351.Earning per share after tax (Rs.682 0 22.236.998 24./share) [(F7-F8)/No.585 6.969 126.379 5.659.199.440.14 0.616 20.61 5.329 62.Operating cash flow to debt ratio [F11 to (C+D)] 16.709 13.203.07 8.620 2.069 400.919.349 11.751 4.646.536.006.Employees benefit obligations 5.Cash & bank balance 2.555 2.005 1.999 0 31.068.550.76 0.071.Debentures/TFCs 4.194 1.37 11.945.736.826.Ordinary Shares ii).555.Shareholders Equity (E1+E2+E3) 1.427 25.334.276 1.18 5.79 1.070 1.020 22.30 5.811.Reserves i).790.399 3.Total amount of dividend 10.535 1.632 3.701 9.924.313 3. wages and employee benefits 6.372.278.681.Gross Profit 4.88 11.204.959 3.846.193 48.386 365.123 10.168 5.081.65 1.630 626.613.91 0.49 2.578 0 0 0 310.626 11. E) 10.307 10.278.71 0.464.589.208 11.772.687 261.Issued.694 0 0 0 1.999 0 27.66 9.545 29.499 2.715.999 3.550.446.441 2.28 2. of Ord.732 4.399.070 1.122.Financial expenses as % of sales (F6 as % of F1) 3.243.279.617.592 34.22 4.848 97.334.132.976 3.825.369 0 37.447 3.421 2.470.681 76.87 4.634.436.297.401.877.439 3.493 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.424.515.945 923.778.363 1.411.732.760.63 4.472 2.Assets turnover ratio [F1 to (A+B)] 5.000 1.550 3.695.35 3.860.980.411 0 0 0 245.543 1.26 13.40 0.415 7.093 2.758.208.328 0 0 0 713.42 0.414.494 4.23 0.058 2.24 0.838 5.04 107.922 957.116.894.694 2.118 23.631.966.Intangible assets 6.23 79.415 58.870.156 9.596 2.515.315.68 20.910 9.708 18.515.844 1.21 14.35 6.048 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 11.808 1.Short term Secured loans 2.714.426.129 4.515.042.153 2.917.556 9.044.79 16.400 0 491.13 0.82 6.16 10.578 2.586 4.827 2.499 21.060.426.Break-up value shares (Rs.414.993.325 15.607.535 950.751 10.26 6.197 1.886 0 - 23.175.72 0.126.134.45 0.149.168.579.745 27.356.000 0 988.649.075.11 81.01 13.300.772.797 4.458.980.099.414.36 21.280 0 260.515.90 1.796 1.882 16.Financial expenses of which: (i) Interest expenses 7.55 4.499.310 1.250 1.47 0.354.256.523 44.336 4.42 3.268 35.321.912 0 1.789.54 0.509 38.Dividend cover ratio [(F7-F8) to F9] 12.317.439 6.28 5.630.494 1.036 10.385 9.615 3.999 0 34.878 41.523.566.47 8.565.497.567 553.718.581 6.164.004 14.Administrative and other expenses 5.936 0 34.742.999 3.Other non-current assets B.Trade Debt 4.940 2.535 4.041.806.555.480 5.Inventory Turnover Ratio (F1 to B2) 13.102.358.369 0 21.881 26.190.568.746 1.056 12.57 6.554.221 18.Total fixed liabilities (D1+D3) 3.959 1.230.Local sales (Net) ii).723 878.848 15.Miscellaneous 1.760.31 85.101 10.115 11.329 28.29 6.412 13.140 1.158 19.43 10.496 1.286.426.294 18.093 515.589.608 879.Return on assets [F7 as % of avg.982 0 5.913 1.541 1.67 0.030 13.120 12.471 3.720.Cost of sales i).516 12.500 484.250.Other current liabilities D.249.613.960 11.515. shares] 17.581 1.Export Sales (Net) 2.749 3.079 2.424.146 21.324 35.367.406.827 0 16.795 27.Current ratio (B to C) 6.Cost of goods sold to sales (F2 as % of F1) 7.369 1.37 9.586 2.809.150.191 3.732 0 0 0 499.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.808 1.899 2.128.303.905.133 3.170.15 12.321.157.182 3.314 11.476.280 19.712 1.63 167.Depreciation for the year 5.17 2.100 399.Total value of bonus shares issued 11.237.322.Capital Reserve ii).138.092.362.819 15.Key Performance Indicators 1.92 7.847.755.20 4.560 1.Net profit margin (F7 as % of F1) 15.659.999 3.601.381 6.674.665 0 28.773 38.400.09 0.51 82.461 10.110.449.06 5.910.393.778.Long term investments 7.424.213 - F.880 4.Trade Debt as % of sales (B3 as % of F1) 4.838 111.441.Return on capital employed ( F7 as % of avg.53 10.Return of equity (F7 as % of avg.49 3.766.Tax expense (current year) 9.518.Capital work in progress 2. A.464 0 G.243 19.08 0.501 293.Operation: 1.632 14.35 3.548.Short term investments 5.103 10.597.Current Liabilities (C1+C2) 1.393.199. shares) 31.240.154.04 0.240.892 31.Revenue Reserve 3.46 12.485 3.766 2.246 2.256 1.980.185 2.615 1.330.912 568.709.799 3.387.208 40.857 0 24.928 110.259 1.364 31.17 4.844 18.479 16.265 7.Contractual Liabilities (G2+C1) H.Preference shares 2.829 43.270 23.965 0 2.034 1.599.455 1.Other input cost 3.327 1.529.524.521.79 5.967 14.63 3.853 510.220 23.999 3.818.96 11.816 7.662 20.15 10.549 4.462 7.453 16.380.292 1.566.931 0 11.647 7.411 783.463.Cash flows from operations 19.221.160.215 8.658.654 2.Long term unsecured loans 3.399.632 0 53.429.762.041 0 22.77 0.608 1.627.57 Items 18.355 1.376.303.543 1.975 14.31 84.367.Other current assets C.936 36.Selling & distribution expenses ii).217.149.912 26.535.035 3.00 36.89 0.308.489./share) (E/No. Subscribed & Paid up capital i).347.Debt equity ratio [(C+D) to E] 8.254.

429 40.517) 86.138 96.226 162.Other non-current liabilities E.Net profit before tax 8.591 82.Current ratio (B to C) 6.44 0.666 182.086.506 1.000 120.110.260 711.264 (114.05 -3.Earning per share after tax (Rs.352.806 0 0 6.11 1.36 -3.426 2.73 106 0.552.220 0 2.363 572.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.547 444.421 1.Total capital employed (E+D) 2. wages and employee benefits 6.235 1.Cash & bank balance 2.862 547.373 2.022.Net profit margin (F7 as % of F1) 15.054.443 55.601 1.497 59.377.Long term secured loans 2.Current Assets (B1+B2+B3+B4+B5) 1.213 1.411.21 77.528 2. shares) - - - - - - 6.19 0.005 (216.617 71.421 285.998 (726.011 19.15 -3.635 61.Issued.64 2.621 54.156 8.013 139.862 1.139.787 1.589 0 188.448 0 133.353 231.520) 92.289 253.779 1.05 4.06 5.Shareholders Equity (E1+E2+E3) 1.803 2.13 0.200 1.17 -17.Selling & distribution expenses ii).927 470.416 54.342 82.392.749 1.138 120.759 170.335 56.01 -0.Long term unsecured loans 3.915 (779.814 1.Trade Debt 4.873 9.Miscellaneous 1.372 44.173 32.569.407.351 791.12 36.613 619.518) 1.10 22.784 120.666 (860.Local sales (Net) ii).335 (109.045 2.051 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.761.98 -0.Preference shares 2.Export Sales (Net) 2.11 -5.294 1.03 -0.057 110.Debt equity ratio [(C+D) to E] 8.08 -4.000 0 812.Financial expenses as % of sales (F6 as % of F1) 3.65 8.27 -4.061.84 0.85 0.066.153.111.02 -9.454 0 0 37.89 5.856 0 534.Financial expenses of which: (i) Interest expenses 7.822 120.805 58.30 -37.Operation: 1.533 285.931 203.66 90.062 104.81 1.748 22.680.080 0 771.987.137 546.Trade Debt as % of sales (B3 as % of F1) 4.729.465) 1.959 762.211 63.306 171.27 1.General.779 1.995 63.317 60.690 23.080.151) 1.617 159.78 3.154) 2.773.980 0 2.16 -5.972 1.62 -17.233 2.867 0.005 162.735) 44.78 5.02 4.00 0.99 13.064.700 0 44.Inventories 3.541) 84. of Ord.579 0 302.221 4.74 .462 120.298.Salaries.81 Items 2.35 6.430 0 5.045.Dividend cover ratio [(F7-F8) to F9] 12.123 46.074.877 1.838 2.622) 1.Break-up value shares (Rs.153 2.407 555.628 1. of Ord.923 784.177 814.362 1.973 160.Other input cost 3.000 120.215) 12.609) 1.690 (109.Employees benefit obligations 5.990 2.180 2.098 151.254 0 2.007 635.202 48.964 1.023 0 282.327 1.713.01 0.614 67.90 48.387 272.161 461.666.731 (87.000 120.678.160 408.959.139.076.284 0 0 G.305.49 17.105.932 142.296 72.Assets turnover ratio [F1 to (A+B)] 5.726) 2.72 92.Depreciation for the year 5.000 0 (692.680.273 1.Short term Secured loans 2.330.805 51.706) 23.832 2.25 0.Debentures/TFCs 4.Total amount of dividend 10.Total value of bonus shares issued 11.Capital work in progress 2.519 148.Current Liabilities (C1+C2) 1.19 6.064.322 33.713 120.000 0 (468.239 208.409 526.Cost of material ii).227 0 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.281 0 (14.64 9.Retention in business (F7-F8-F9) 4.368 135.932 0 767.906.178 1.016 1.092 2.497 932.069 0 436.17 5.401) 1.348 (85.907.63 -0.286 50.093 305.987 1.591 141.377.076.10 7.Inventory Turnover Ratio (F1 to B2) 13. E) 10.20 0. shares] 17.Operating fixed assets at cost 3.151) 0 (965.851 546.549 156.53 93.11 4.37 0.Administrative and other expenses 5.03 -11.096.12 0.999.Key Performance Indicators 1.Return on assets [F7 as % of avg.973 - 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.666 (513.82 0.667 351.Cost of sales i).82 44.626 2.29 4.88 3.160) 1.416 (141.548 792.978 156.576.61 -10.398 86.26 -3.944) 44.699 - F.Other non-current assets B.666 5.092.674 220.912 0 236.784 - 1.Reserves i).13 3.939 51.000 120.087.375 604.120.Ordinary Shares ii).470 866.129.07 7.13 -40.23 -17. G1) 11.33 -24. Subscribed & Paid up capital i).Contractual Liabilities (G2+C1) H.735 3.514 354.64 2.567.440.Revenue Reserve 3.995.05 1.Cost of goods sold to sales (F2 as % of F1) 7.Tax expense (current year) 9.43 109.Short term investments 5. A.Gross Profit 4.24 -0.79 0.11 4.56 7.000 0 (633.515 0 4.706 415.519.407 0 0 (270.(A+B)] 9.938 0 0 88.022.527) 21.30 -19.657 2.589 8.Cash flows from operations 2.269 123.516 1.365.05 0.131.84 0.05 1.105 37.90 -0.904 145.527) 526.966 59.997 1.218.356 0 0 (37.278.000 120.106.Other current assets C./share) (E/No.Return of equity (F7 as % of avg.362 5.246 725.675) 27.833 3.500 1.00 -1.120.584 2.195 1.174 1.319 0 0 3.754 1.609 193.953.66 1.98 -55.266 7.057 592.031.523 545.02 0.692 172.332.706 2.517 3.000 0 (815.888 120.543 0 0 66.Intangible assets 6.114.390 0 274.548 1.000 0 (965.839 392. administrative and other expenses i).691 2.117.Financial Statement Analysis of Non Financial Sector 2013 Olympia Spinning & Weaving Mills Ltd.275.210 1.867) 1.286 120.66 -2.22 63.252 536.51 92.024.152 343.096.621 (482.497 0 444.834 1.Long term investments 7.572 (243) 14.160 1.39 94.097.266 1.86 0.317 2.262 196.07 7.551 742.54 0.190 3.Sales i).34 10.416.703 193.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.119.374 710.813 133.41 0.111 533.Operating fixed assets after deducting accumulated depreciation 4.449 (470.449 0 0 8.Total fixed liabilities (D1+D3) 3.634.04 -9.555 1.192 0 0 55.Capital Reserve ii).083.316./share) [(F7-F8)/No.682 2.000 120.116.20 2.Return on capital employed ( F7 as % of avg.Non-Current Assets (A1+A3+A5+A6+A7) 1.677 115.428.52 20.579 0 3.878 583.432) 1.Other current liabilities D.

968 17.Selling & distribution expenses ii).43 -11.55 0.991 19.801 4.15 0.Return of equity (F7 as % of avg.562 962 0 (17.22 -1.07 194.373 0 280.633 1.Export Sales (Net) 2.040 0 (219.Other non-current assets B.724 0 0 1.410 143.567 117.443 0 12.636 80.073 0 (17.220 5.Other current liabilities D.346) 0 83.Preference shares 2.Return on assets [F7 as % of avg.074 106 11. Subscribed & Paid up capital i).36 102.474) 0 (37.41 101.45 -3.Cash flows from operations 638.218 82 14.851 (54.613 (14.Return on capital employed ( F7 as % of avg.Gross Profit 4.30 - - -1.General.Net profit before tax 8.648 F.410 293.38 - Items 518.Inventory Turnover Ratio (F1 to B2) 13.448 0 7.138 0 (11.Earning per share after tax (Rs.118 72.238 862.285 0 462.040 108.06 -1.440) 12.694) - - 514.383) (27.920 0 37.01 -1.761 241.Cost of material ii).366 6.48 - - 49.82 -366.934 1.920 489.040 0 (270.566) 108.84 -13.157 1.294 8.824 42.Cost of goods sold to sales (F2 as % of F1) 7.685 0 233.55 4.(A+B)] 9.467 1.551 638.532 9.499 40.918 0 42.Operating fixed assets at cost 3.Total amount of dividend 10.434) 0 606.Capital Reserve ii).Trade Debt 4.58 -17.439 6.761 0 15.22 52.567 168.12 -1.517 0 7.660 10.27 -5.197) - 245.Total value of bonus shares issued 11.309) 13.110 459.560 (35. of Ord.Financial Statement Analysis of Non Financial Sector 2013 Olympia Textile Mills Ltd.204 123.197) 0 (270.017 6.148) 0 75.956) 0 0 0 8.174 513 0 3.158 0 234.563 0 2.00 - - 0.914) (311) 0 0 (63.606) 0 (198.Financial expenses as % of sales (F6 as % of F1) 3.158 0 0 0 (111.307 22.991 23.699 5.918 0 19.40 1.448 0 518.950 10.434) 0 0 0 (3.Shareholders Equity (E1+E2+E3) 1.740) 0 95.295 0 0 0 7.06 -0.115) 3.84 -19.19 1.124) 0 0 0 (72.035 (34.793) 62.152 12.Assets turnover ratio [F1 to (A+B)] 5.01 -20.548 61.Total capital employed (E+D) 2.Net profit margin (F7 as % of F1) 15.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 168.Long term investments 7.443 234.040 108.Current Liabilities (C1+C2) 1.22 0.010 564 0 2.136 16.411 0 0 1.16 -22.180 0 10.Non-Current Assets (A1+A3+A5+A6+A7) 1.60 0.36 -2.108) 108.01 -8.Sales i).92 -10.194 0 0 61.Operating fixed assets after deducting accumulated depreciation 4.Contractual Liabilities (G2+C1) H.Acid test or quick ratio[(B1+B3+B4) to C] 2.Long term unsecured loans 3.42 -93.04 3.141 37.00 0.252 68.Other input cost 3.294 398 0 0 0 18.61 -15.Financial expenses of which: (i) Interest expenses 7.119 0 (54.22 -13.408 0 364.456 12.852 0 (20.283 72.157 0 10.36 -0.06 -1.773 0 9.405 (8.Break-up value shares (Rs.039) 10.812 212.015 0 600 16.86 -0.346) 0 (219.Revenue Reserve 3.36 51.96 0.148) 0 (236.366 14. G1) 11.87 -15.730 108.Dividend cover ratio [(F7-F8) to F9] 12.958) (279.60 0.517 (7.60 2.958) 288.230 0 224.Cost of sales i). of Ord.803 307. E) 10.666 121.380 0 111.636 1.79 43.040 223.833 8.Capital work in progress 2.44 -2.062) 14.040 0 12.448 945 778 0 (16.040 108.432 122.040 0 (198.039 (10.775 43.666 17.34 0.Issued.07 10.773 870 196 (20.040 108.918 0 44.137 0 50. wages and employee benefits 6.Depreciation for the year 5.040 108.660 5.Short term Secured loans 2.110 459.283 28.52 -3.606) 0 89.937 0 0 400 (128.040 108.896 15.43 -0.54 -11.991 46.Total fixed liabilities (D1+D3) 3.360 13.01 0.00 1.270 116.Administrative and other expenses 5.601) 0 79.80 .Reserves i).405) 7.75 1.180 (37.660 0 15.70 277.69 114.Miscellaneous 1.548 - G. administrative and other expenses i).Current Assets (B1+B2+B3+B4+B5) 1.679) 5.Key Performance Indicators 1.687 87.Current ratio (B to C) 6./share) (E/No.203 613 5.685 0 0 0 (90.Local sales (Net) ii). shares) -5.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.040 (279.11 2.10 3.77 1.124) 9.82 84.535 7.218 0 (11.03 - - 0.Cash & bank balance 2.25 12.Inventories 3.Retention in business (F7-F8-F9) 4.93 -23.879 14.012 31.740) 0 0 0 (14.405 0 8.28 0.Debt equity ratio [(C+D) to E] 8.69 13.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.306) 108.601) 0 0 0 14.28 15.040 0 (145.569 53.773 3.540 1.517) 9.38 20.747 0 0 3.229 0 (16.Tax expense (current year) 9.Other non-current liabilities E.Short term investments 5.55 -15.432 22.Debentures/TFCs 4.192 (951) 14.859 28.100 233.20 -8.660 2.Operation: 1.615 (162.191 129.157) 108.35 -10.00 1.00 -3.528 12.37 0.Intangible assets 6.00 0.551 0 652.603) 0 0.Long term secured loans 2.Other current assets C.614 0 0 1./share) [(F7-F8)/No.Salaries.040 0 (236.337 0 222. A.17 -40.Trade Debt as % of sales (B3 as % of F1) 4. shares] 17.95 6.Employees benefit obligations 5.373 245.Operating cash flow to debt ratio [F11 to (C+D)] 16.687 467.49 107 -104.Ordinary Shares ii).98 0.45 -3.654) 108.

218.Employees benefit obligations 5.810.Operating fixed assets after deducting accumulated depreciation 4.564 2.070.Intangible assets 6.240 353.Other non-current assets B.Earning per share after tax (Rs.Other current assets C.341 (80.110 1.Local sales (Net) ii)./share) [(F7-F8)/No.644.497 1.69 -17.746.Dividend cover ratio [(F7-F8) to F9] 12.218 12.Ordinary Shares ii).Retention in business (F7-F8-F9) 4.329.110 181.719 56.158.189 0 276.007 752. Subscribed & Paid up capital i).897) 1.557.398.117.Gross Profit 4.071) 1.153 626.Assets turnover ratio [F1 to (A+B)] 5.Capital work in progress 2.834 685.566.467 1.79 9.354 134.207 276.939.842) 2.09 6.259.449 85.811.Salaries.578.259) 2.68 19.089.37 105.41 21.409 85. of Ord.040 157.Operating fixed assets at cost 3.96 10.586 0 12.395 242.Total amount of dividend 10.13 -27.Operating cash flow to debt ratio [F11 to (C+D)] 16.189 61.Cost of material ii).12 2.269 78.Long term investments 7.04 0.440 1.182 74.Non-Current Assets (A1+A3+A5+A6+A7) 1.667.Other non-current liabilities E.655 3.89 1.26 -0.466 1.942 1.745 106.199 1.437 3.286 286.74 1.35 62.Return on assets [F7 as % of avg.057 1.833 86.039 326.145 150.192.488 1.775 17.996 3.Cash flows from operations 2.30 Items 1.62 5.36 56.000 0 30.496 108.447 1.66 13.Acid test or quick ratio[(B1+B3+B4) to C] 2.718 242.726.080.354 175. A.697 173.210 4.127 781.091.399 264.028 0 266.449 0 0 (36.324 0 175.Issued.949 52. G1) 11.143 2.199.719 60.768.Debt equity ratio [(C+D) to E] 8.752 - F.775 15.048 0 436.182 3. shares] 17.602 1.721 70.306 717.589.69 0.464 4.254 788.682 0 0 (442.225 2.668 0 175.968 68.Debentures/TFCs 4.52 4.Miscellaneous 1.Trade Debt 4.748 157.55 4.127 G.80 - - 4.241 164.98 1.408 0 574.141 1.22 4.664 0 59.509 0 233.587 1.384.910 (1.Total capital employed (E+D) 2.904 548.11 86.Other current liabilities D.134 784.Inventory Turnover Ratio (F1 to B2) 13.457.242 3.026) 3.08 -67.844.499 108.410.363.65 0.Selling & distribution expenses ii).(A+B)] 9.400 (1.Financial expenses as % of sales (F6 as % of F1) 3.45 130.538.81 3.14 1.60 6.790 948.831 507.266 1.614 35.301 89.40 2.072 169.408 143.636 5.650 175.892 43.121 15.926 684.33 0.889 259.955.45 0.01 6.470.35 1.331 4.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 781.26 61.634 1./share) (E/No.220 1.31 9.Inventories 3.482 896.285.170 0 222.Break-up value shares (Rs.976 448.69 6.29 2.668 899.635 1.365 0 (473.777 0.72 3.76 0.142 193.Financial expenses of which: (i) Interest expenses 7.768 340.084 7.409 414.825.587.69 -7.393 155.777 1.33 0.Reserves i).359 760.806.947 1.078 2.523 173.80 2. shares) - - 2.440 269.441) 2.819 154.393 (455.905.003 143.942.894 46.23 1.323.12 86.30 -72.689 1.403 0 619.594 370.307.599 26.Cost of sales i).908 73.Total value of bonus shares issued 11.Return of equity (F7 as % of avg.665.148 237.Net profit margin (F7 as % of F1) 15.33 6.506 274.429 0 14.992 25.03 9.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.442) 15.061.058 175.630 2.067 4.38 5.33 0.592.Financial Statement Analysis of Non Financial Sector 2013 Paramount Spinning Mills Ltd.236.229) 986.809 1.592 38.000 0 58.410 1.Capital Reserve ii).911 43.093 467.859) 15.143 42.17 3.025 70.Cost of goods sold to sales (F2 as % of F1) 7.537 63.171 1.140.Sales i).475 1.560 448.Current Liabilities (C1+C2) 1.546.39 9.296 35.17 5.000 0 51.11 14. administrative and other expenses i).146 1.650 17.732 1.423.Short term investments 5.902 266.003.926 530.861 3.Long term unsecured loans 3.509 753.276 280.336.86 0.941 173.523 0 807.19 9.875.Cash & bank balance 2.90 0.616 - 2.452 2.371 1.878 645.371 17.Current ratio (B to C) 6.490 259.826 519.781 1.Long term secured loans 2.523 173.279 0 448.403 133.176 3.744 104.185 2.095 101.05 2.00 4.279 (136.993 0 493.000 0 47.Administrative and other expenses 5.20 .Trade Debt as % of sales (B3 as % of F1) 4.Operation: 1.963 125.357 167.979 945 1.92 -0.184 250.948.523 0 (1.619) 334.119 137.65 -9.171 1.44 56.572 68.940) 180.Tax expense (current year) 9.59 3.77 0.748 0 668.25 54.323.110 136.806.969 2.053 517.309.400 652.87 -0.304.398 43.00 1.620 759.058 84.Short term Secured loans 2.400 792.316.634 15.070 1.Total fixed liabilities (D1+D3) 3.177 1.172.14 9.905.96 84.028 0 (76.159.275 32.213 827.497 3.098 0 275.130.391 1.Key Performance Indicators 1.729 15.120 830.104 233.000 0 38.966.Other input cost 3.294 1.405 2.155 133.70 0.834 420.86 -49.Shareholders Equity (E1+E2+E3) 1.317 353.926 1.765.033.892 1.92 7.Contractual Liabilities (G2+C1) H.343 0 485.540 163.Net profit before tax 8.265 0 (2.481 2.038 2.649 1.425 15.98 7.149 1.000.36 2.410.277 2.14 2.215) 18.733 175.875 136.299 58.28 0.391 1.518 0 2.569.01 -159.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.04 1.335.880 14. E) 10.746 1.869 41.252 254.158.306 1.856.484 1.533.531.523 0 (2.644 0 55.549 159.877 3.95 0.70 -70.523 173.39 7.549.400 173.06 2.04 11.115 1.195.Return on capital employed ( F7 as % of avg.43 -187.46 108 0.484.203.270) 3.99 -0.120 257.73 1. wages and employee benefits 6.Depreciation for the year 5.778.General.160 352.052 1.488 7.777 318.60 -11.400 559.919 (2.749.59 -252. of Ord.Export Sales (Net) 2.Preference shares 2.338.155.400 (2.522 1.247 6.833.345 0 2.078.622) 38.95 2.169.Current Assets (B1+B2+B3+B4+B5) 1.06 3.Revenue Reserve 3.462 280.138.701 15.048.992.883 226.21 8.618.01 82.324 0 1.648 1.38 1.

351.795 61.900 265.227 4.642 407.699 140.Employees benefit obligations 5.Capital work in progress 2.055 2.987 6.481 0 0 843 884.599 58.Issued.110 61.948 0 546.677 891.384 0 197.359 131.01 -0.Capital Reserve ii).692 30.630 61.Key Performance Indicators 1. Subscribed & Paid up capital i).263 3.000 0 4.085.116 248.447 220.115 90.35 2.450 224.260) 4.04 2.Other current assets C.806 1.707 39.137 164.Long term unsecured loans 3.939 1.(A+B)] 9. G1) 11.30 1.830 1.77 126.124.Total fixed liabilities (D1+D3) 3.368 73.472 3.88 89.Financial Statement Analysis of Non Financial Sector 2013 Premium Textile Mills Ltd.Current Assets (B1+B2+B3+B4+B5) 1.888 61.49 1.65 5.430 0 1.000 52.07 84.94 4.839 127.Operation: 1.58 2.Preference shares 2.280 2.047 725.759 0 40.220 180.898 303.680.Acid test or quick ratio[(B1+B3+B4) to C] 2.118 341.033 86.Operating fixed assets at cost 3.677 154.07 34./share) (E/No.520 0 79.99 5.02 0.Return on assets [F7 as % of avg.Debt equity ratio [(C+D) to E] 8.500 2.15 1.92 1.012.087 719.269 152.783 640.236. of Ord.923 508.008 155.Earning per share after tax (Rs.346 2.Operating fixed assets after deducting accumulated depreciation 4. of Ord.585 214.Trade Debt as % of sales (B3 as % of F1) 4.697 43.965 1.000 0 6.55 200.839 39.940 3.161 33.165. wages and employee benefits 6.978 0 423.Long term investments 7.145 2.330 166.877 0 911.166 214.Net profit before tax 8.Tax expense (current year) 9.75 8.461.630 0 162.585.Non-Current Liabilities (D1+D2+D3+D4+D5) 1. shares] 17.814 77.038 0 (892.58 2.114 61.000 0 6.551 0 137.196 2.20 0.058 824.658 0 40.622 0 321.932 2.174 0 158.559 1.897 0 (51.84 6.259 2.Return on capital employed ( F7 as % of avg.630 61.137.047 2.93 2.887 373.354 1.25 29.44 46.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.027 62.944 572.Local sales (Net) ii).630 0 333.031 278.03 1.803 741.Net profit margin (F7 as % of F1) 15.028.03 1.961 502.075.630 0 708.00 2.10 36.136.768 0 388.34 16. E) 10.928 777.292 856.678 0 333.Cash flows from operations 1.78 5.Non-Current Assets (A1+A3+A5+A6+A7) 1.662 0 1.Salaries.977 81.081 587.222 0 145.Intangible assets 6.209.64 25.283.Current Liabilities (C1+C2) 1.Assets turnover ratio [F1 to (A+B)] 5.Selling & distribution expenses ii).54 0.10 5. shares) 1.401 24.Other current liabilities D.Retention in business (F7-F8-F9) 4.912 982.093.662 825.Short term Secured loans 2. A.317.320 248.418.361 26.47 1.Return of equity (F7 as % of avg.677 571.042.913 9.83 0.010 105.071 651.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 637.36 10.925 1.Contractual Liabilities (G2+C1) H.626 61.18 88.001 4.763 825.Current ratio (B to C) 6.353 779.27 0.254 354.068 120.663 502.Total amount of dividend 10.560.29 6.03 2.074.Miscellaneous 1.84 2.86 5.082 339.Total value of bonus shares issued 11.727.31 -0.Debentures/TFCs 4.117 4.15 21.245 741.Revenue Reserve 3.91 1.Financial expenses as % of sales (F6 as % of F1) 3.Ordinary Shares ii).Other non-current liabilities E.564 0 6.271 580.630 61.008 586.630 61.06 16.31 40.60 5.686 111.286 0 40.413 641.79 66.000 0 6.081 64.987.428 0 708.230 60.16 0.Administrative and other expenses 5.52 8.470 61.39 3.54 0.399 1.578 1.706.765 91.615 239.815 0 473.25 50.899.698 1.11 0.782 3.633 0 1.948 11.825 0 1.731 105.Inventory Turnover Ratio (F1 to B2) 13.973 182.Financial expenses of which: (i) Interest expenses 7.47 6.04 6.General.572 44.20 1.731 619.446 42.630 0 145.Cost of sales i).08 88.630 61.255 1.Depreciation for the year 5.906 331.177 0 47.470 5.000 0 4.113.46 2.873 36.31 17.95 83.080 808.Total capital employed (E+D) 2.222 13.203 3.689 38.Shareholders Equity (E1+E2+E3) 1.537 0 0 852 821.705 4.57 Items 1.31 75.495 27.79 0.750 1.388 649.933 64.269 728.184 40.435 38.276 336 4.678.645.46 44.304.923.61 100.27 0.57 18.Other non-current assets B.99 6.719 195.Long term secured loans 2.67 2.677.62 2.369 0.220 323.458 461.Cost of material ii).843 2.96 89.039.066 3.184 (2.24 0.838 4.452) 508.Export Sales (Net) 2.949 632.41 3.295 225.960 0 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.36 109 .19 0.191 1.252 41.756 69.88 9.290 444.000 195.564 481.433 4.595 2.107.969 47.54 0.Trade Debt 4.191 2.178 103.337 528.100 16.450 0 284.495 159.932.721 61.54 1.802./share) [(F7-F8)/No. administrative and other expenses i).659 22.52 84.Cash & bank balance 2.683) 1.219 65.Cost of goods sold to sales (F2 as % of F1) 7.000 40.192 1.630 61.81 7.34 2.949 41.865 162.Inventories 3.241 696.897.492.492.45 36.865 1.088.17 8.150 172.149 0 0 1.Other input cost 3.474 151.806 347.979 556.31 35.79 54.843 754.527 0 1.630 0 1.104 280.671 764.428 9.42 6.793 637.324 982.982 60.646 108.456.457 0 51.66 6.923.04 37.46 10.637 72.Break-up value shares (Rs.38 0.564 672.023 168.165.485 910.795 4.Sales i).369 284.027 812.187.423 0 63.630 0 546.559 168.248 1.01 16.43 0.64 10.777.722 79.31 13.35 4.Short term investments 5.785 1.089 458.972 0 66.718 1.678 12.484 - F.232 196.224.Dividend cover ratio [(F7-F8) to F9] 12.192 167.41 31.633 8.585 552.Gross Profit 4.183 706.467 101.916 36.Reserves i).847 - 2.29 3.588 146.50 0.675 61.825 1.01 0.782 19.633.077 284.163 0 G.

33 0.42 91.924 174.83 22.766 0 1.417 37.763 562.486 2.Cash & bank balance 2.Key Performance Indicators 1.555 1.200 5.925 4.049 250.472 65. Subscribed & Paid up capital i).Net profit before tax 8.048 286.798 894. administrative and other expenses i).952.468.Depreciation for the year 5.Total value of bonus shares issued 11.19 2.983 1.90 3.125.336.267 826.098 57.532 189.Total amount of dividend 10.Current ratio (B to C) 6.98 14.210 602.33 3.312 411.Local sales (Net) ii).Sales i).97 0.800 184.035 6.800 184.876 0 0 G.777 8.995 923.145 80.563 135.540 4.703 0 754.600 655.09 53.954.00 -3.878 598.010 184.800 184.345 52.45 1.16 0.800 184.27 0.639 184.942 666.000 23.550 106.Other current liabilities D.Acid test or quick ratio[(B1+B3+B4) to C] 2.011.Capital Reserve ii).15 7.859.774 928.55 89.000 7.785.93 2.321 213.24 2.875 104.150 46.01 0.455 462.975 5.Total capital employed (E+D) 2.956 276.522 717.Operating cash flow to debt ratio [F11 to (C+D)] 16.61 2.044 18.762 430.806 108.409 1.382 110.58 5.800 0 376.209 98.623 90.02 11.800 184.87 2.08 3.466 208.602.36 0.382.28 6.86 2.741 5.00 37.Current Liabilities (C1+C2) 1.491 585.402 105.Debt equity ratio [(C+D) to E] 8.129 342.830 0 84.421 0.Gross Profit 4.898 214.926 (54.26 1.72 1.52 38.Long term investments 7.506 809.195 2.070.108 502.839 315.441 9.166 184.76 6.183 16.451 854.92 32.Earning per share after tax (Rs.358.65 4.088.000 0 4.99 0.545 374.920 399.086.99 9.900 97.Capital work in progress 2.395 925.09 2.86 48.942 66.475 51.05 93.45 -14.216 775.694 163.(A+B)] 9.100 0 0 39.400 16.932 404 359.220 33.33 1.Dividend cover ratio [(F7-F8) to F9] 12.171.570 0 0 15.624 0 1.664 164.281 214.703 334.786 207.933.762 0 0 557 622.07 3.800 0 363.021.656 16.600 263.38 2.992.021.Return on assets [F7 as % of avg.517 5.88 1.256 0 302.54 2.031 495.Current Assets (B1+B2+B3+B4+B5) 1.76 6.94 5.Inventory Turnover Ratio (F1 to B2) 13.160.136 201.80 3.263 184.555 0 0 15.Other current assets C.804 2.183 873.949.922 3.903 35.781 251.Short term Secured loans 2.61 16.76 1.080.948 273.Other input cost 3.379.702 108.758 754.312 5.492 483.778 1.Ordinary Shares ii).Export Sales (Net) 2.004 71.265.99 5.183 876.896 64.56 1.063.Operating fixed assets after deducting accumulated depreciation 4.924 1.Shareholders Equity (E1+E2+E3) 1.966 0 (67.34 4.43 3.737.37 2.17 15.675.829 145.61 89.Cost of goods sold to sales (F2 as % of F1) 7.017 16.04 1.400 90.007.736 645.782 176.66 0.539 168.Return of equity (F7 as % of avg.Operating fixed assets at cost 3.819 294.319 79 102.518 85.Financial expenses as % of sales (F6 as % of F1) 3.200 0 97.Other non-current assets B.313 96.69 2. G1) 11.271 55.859.Total fixed liabilities (D1+D3) 3.18 27.Financial expenses of which: (i) Interest expenses 7.713 134.866 36.542 1.294 842.Selling & distribution expenses ii).Debentures/TFCs 4.474.218 83.583 37.502 106.083.23 0.680 0 143.927 430.Other non-current liabilities E.000 0 0 28.Net profit margin (F7 as % of F1) 15.250 844.595 150.800 0 280.919 201.451 57.Return on capital employed ( F7 as % of avg.363 107 2.463 - F.Cost of material ii).85 1.345 90.572 1.195 67.Contractual Liabilities (G2+C1) H.Administrative and other expenses 5.163 46.594 4.340 51.427 37.863 103.819 813.Break-up value shares (Rs.98 23.133 2.600 359.860 602.800 0 189.90 0.027 97.643 5.Reserves i).000 184.262 913.277 388.717 84.065 197.570.900 97.89 3.389 25.054 102.924 368.950 382.99 3.068 92.236 159.Operation: 1.091 217.93 2.559 1.511 6.755 3.97 0.600 173.Intangible assets 6.897) 96.021) 13.Salaries.175 1./share) (E/No.Tax expense (current year) 9.05 8.571 395.Inventories 3.99 19. of Ord.604 737.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.791 251.861 132.22 -1.Issued.097 645.383 184.Employees benefit obligations 5.300 107. shares) 9.600.880 0 315.800 0 672.758 86.69 1./share) [(F7-F8)/No.600 346.270 123.038 932.277.368 1.73 9.623 95.Revenue Reserve 3.383.000 0 4.357 269.989 116.Long term unsecured loans 3.Cost of sales i).33 90.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.800 184.113 5.027 16.212 3.183 844.006 721.74 -5.70 18.698 2.22 2.66 -3.104 1.469 82.14 95.35 1.120 468.Miscellaneous 1.926 2.686.183 - 3.40 Items 1.Trade Debt 4.78 1.067 231.796 0 0 24.056 37.590 1.542 111.405 124. shares] 17.193 61.375 10.49 1.171 409.634.800 0 149.242 189.998 296.09 110 .119 18.Short term investments 5.Long term secured loans 2.75 31.188 0 75.440 0 47.796 78.Trade Debt as % of sales (B3 as % of F1) 4.69 13.102 890.67 18.950 382.02 36.670.335 154. E) 10.Preference shares 2.474 40.555 371.96 28.21 16.027 0 0 225 669.831 0 151.Retention in business (F7-F8-F9) 4.677 677.70 4.587 1.578.123.079 56.Non-Current Assets (A1+A3+A5+A6+A7) 1.36 17.38 0.596.923 501.863.937 0 0 225 702.53 1.956 118.583 495.247 84.Non-Current Liabilities (D1+D2+D3+D4+D5) 1. wages and employee benefits 6.169 54.823 749.183 841.207 387.234 1.033 509.28 10.800 37.502 925.100 219.85 2.701 809.General.58 2. of Ord.020 3.Cash flows from operations 2.898 0 535. A.26 3.329 102.Financial Statement Analysis of Non Financial Sector 2013 Prosperity Weaving Mills Ltd.960 0 389.17 2.41 23.Assets turnover ratio [F1 to (A+B)] 5.

05 0.795 29.389 32.778 0 534.300 271.286 0 135.16 0.77 21.762 2.Capital work in progress 2.031.53 24.393 0 1.Total fixed liabilities (D1+D3) 3.79 0.432 749.Retention in business (F7-F8-F9) 4. of Ord.192 109.052 257.01 90.689 102.09 4.26 84.377 835.054 21.34 4.075.Inventories 3.956 0 466.53 4.63 0.940 555.778 159.Short term investments 5.225 28.419 9.414 0 0 2.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.74 14.03 11.Debentures/TFCs 4.567 0 46.306 1.192 1.129 0 92.632 739.778 0 228.994 20.81 19.37 0.885 248.778 0 165.Miscellaneous 1.026.53 44.Other non-current assets B.Short term Secured loans 2.77 9.Revenue Reserve 3.165 1.61 0.778 159.45 20.920.119 116.Net profit before tax 8.468 737.953 2.52 6.31 2.854 228.129 359.81 2.194 1.863.947 137.00 1.13 25.85 10.571 66.150 221.780 159.261 633.47 5.854 0 369.783 18.940 41.280 86.269 437.155.02 24.Assets turnover ratio [F1 to (A+B)] 5.106.920 180./share) [(F7-F8)/No.269 179.150 0 534.38 5.719 312.Cash flows from operations 1.Current Liabilities (C1+C2) 1.Intangible assets 6.587 20.778 159.91 7.46 5.815 948.61 1.99 90.477 178.31 2.Return on capital employed ( F7 as % of avg.138 844.786 11.065 1.677 31.611.967 0 (79.980 1./share) (E/No.Trade Debt 4.778 159.378 3.Operating fixed assets after deducting accumulated depreciation 4.878 2.422 1.736 105.09 89.12 47.15 -0.89 0.Dividend cover ratio [(F7-F8) to F9] 12.15 0.76 1.107 192.42 3.517 0 0 0 12.476 70.240 0.800 0 0 82.757 159.165 389.355 23.775 1.842 - 1.837 110.Cost of sales i).310 16.615) 2.006 11. of Ord. G1) 11.Trade Debt as % of sales (B3 as % of F1) 4.950 0 0 2.490 34.797 1.37 0.179 712.107 0 165.254 45.Current ratio (B to C) 6.153 858.362 223.531.Long term investments 7.597 177.335.214 0 0 G.60 34.395 172.069 507.Capital Reserve ii).18 2.Other input cost 3.29 1.Current Assets (B1+B2+B3+B4+B5) 1.985 12.192 20.331 293.62 1. A.00 2.750 159.24 8.947 1.03 1.237 56.86 1.27 5.Long term unsecured loans 3.Earning per share after tax (Rs.115 212.Financial Statement Analysis of Non Financial Sector 2013 Quality Textile Mills Ltd.44 1.240 185.(A+B)] 9.912 222.376 0 16.77 5.922 0 98.Other non-current liabilities E.678 42.020 67.473 67.372.444 0 0 0 9.Issued.Tax expense (current year) 9.466 1.179 115.323.Salaries.78 39.367 11.845 65.432 55.785 159.513 442.851 100.682 937.Reserves i).89 12.165 378. administrative and other expenses i).584.450 2.778 0 369.Return on assets [F7 as % of avg.77 1.Other current liabilities D.Contractual Liabilities (G2+C1) H.18 12.041 196.380. E) 10.57 14.60 12.778 0 82.585 0 82.Depreciation for the year 5.220.Acid test or quick ratio[(B1+B3+B4) to C] 2.493 809.387 600.756 0 0 2.43 10.Shareholders Equity (E1+E2+E3) 1.737 535.16 9.165 807. Subscribed & Paid up capital i).779 36.21 2.Non-Current Assets (A1+A3+A5+A6+A7) 1.613 270.Cash & bank balance 2.429 1.31 0.826 793.79 3.Financial expenses as % of sales (F6 as % of F1) 3.545 5.775 0 0 2.960 287.Export Sales (Net) 2.557.979 - F.Long term secured loans 2.804 7.329 2.516 0 0 0 16.62 1.Operating fixed assets at cost 3.Local sales (Net) ii).82 27.959 504.917 93.834 598.220 70.957 94.75 1.288 0 144.33 111 .205 140.622 757.599 915.441 10.81 23.951 853.458 0 0 2.444 394.Total value of bonus shares issued 11.75 4.855 248.268 65.787 1.069 308.148 175.265 87.144.363 0 28.46 2.165 604.72 10.499 74.32 Items 868.764 114.11 6.05 0.479 29.Cost of material ii).663 385.931 155.127 64.870 599.10 7.79 9.848 196.05 84.244.778 159.58 9.967 0 175.49 57.619 388.351 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.415 95.844 159.826 47.712 25.654 43.704 387.693 148.240 0 367.005 228.151.077 273.14 7.01 1.502 0 55.Total capital employed (E+D) 2.658 6.581 27.619 0 115.69 2.895 92.683 599.214 64.402 517.351 1.Selling & distribution expenses ii).382 210.654 619.Sales i).867 932.021 1.Ordinary Shares ii).Financial expenses of which: (i) Interest expenses 7.529 375.Employees benefit obligations 5.939 312.Break-up value shares (Rs.165 566.265 243.Debt equity ratio [(C+D) to E] 8.67 1.80 1. shares] 17.345 677.082.778 0 367.256 54.365 791.933 61.428.335.432 35.Return of equity (F7 as % of avg.400 0 0 67.69 32.67 0.032.597 863.451 546.654 30.433 0 1. shares) - - 4.30 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 507.30 9.436 96.088 1.43 0.09 0.701 91.062 386.030 293.778 159.592 273.517 1.240 163.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.83 2.Key Performance Indicators 1.Administrative and other expenses 5.682 35.907 1.228 43.714 25.552 1.Cost of goods sold to sales (F2 as % of F1) 7.839 2.285 59.585 144.41 0.70 0.590 35.032 271.587 56.Preference shares 2.927 0 390.82 1.223 449.604 0 57.834 23.940 99. wages and employee benefits 6.662 252.349 0 0 29.896 691.413 103.792 0 58.Gross Profit 4.Inventory Turnover Ratio (F1 to B2) 13.56 3.851 559.400 8.800 66.44 4.Net profit margin (F7 as % of F1) 15.Other current assets C.General.38 87.770 159.Operation: 1.807.655 66.20 5.Total amount of dividend 10.895 49.648 340.10 3.302 0 41.048.077 491.

916 98.503.348 8.015.002 495.511 52.240 4.Earning per share after tax (Rs.64 5.725 6.Salaries.23 9.933 651.154 11.910 24.966.258 46.698 0 2.406.496 0 3.074.552 555.900 0 67.743 136.113 2.Inventories 3.Operation: 1.328 267.070 1.387 2.131.317 0 0 (400.112 4.735.967.Employees benefit obligations 5.060 903.Total fixed liabilities (D1+D3) 3.787 8.713 375.938 4.226.630. shares] 17.267 234.250 31.24 0.136 130.969 5.61 1.041 7.129.Net profit margin (F7 as % of F1) 15.978.Capital Reserve ii).944 531.160 830.504 3.685 4.514.097 4.13 1.421.Inventory Turnover Ratio (F1 to B2) 13. administrative and other expenses i).097.481 4.Administrative and other expenses 5.943 0 458. E) 10.842.838 4.636 2.439.80 0.13 23.778 658.37 0.747 0 0 40.02 51.000 0 1.013.838 43.843 64.307.289 628.131 4.Total capital employed (E+D) 2.385 4.622 178.601 0 13.962.391 5.626 2.000 0 2.513 822.989.832 1.781 1.71 8.70 4.750 754.426.Cost of material ii).744 4.Net profit before tax 8.916 2.Revenue Reserve 3.408 4.20 1.Other input cost 3.276.Return on assets [F7 as % of avg.294.95 0.175 147.409 3.140 4.Key Performance Indicators 0.095.147 104.014 2.674 286.592 75.250 0 382.121 7.350.439.402 1.393.964 9.80 2.430 453.999 4.37 2.797.Financial Statement Analysis of Non Financial Sector 2013 Quetta Textile Mills Ltd. wages and employee benefits 6.Miscellaneous 1.355 274.Current Assets (B1+B2+B3+B4+B5) 1.15 0.107.457 879.561 64.06 0.13 17.698.247 401.855 2.289 130.219 78.41 0.702. of Ord.14 48.08 13.343.316 160.139.Debt equity ratio [(C+D) to E] 8.334.971 392.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.528.968.12 1.126.405 384.05 11.000 0 2.55 4.40 11.081 3.Cash flows from operations 6.015.471.79 0.189 37.764 2.446 242.745 2.705 593.023 415.90 0.304 4.576 389.87 81.39 0.698 413.705 6.81 8.10 0.666 0 0 638.424 1.798 12.695 743.891 1.91 86.269.968 37.000 0 2.230.024 962.24 132.866.002 64.110 398.Capital work in progress 2.37 1.356 1.622 5.911.386 3. shares) - - 2.551.851.000 0 833.63 9.Other non-current liabilities E.703 773.184.10 176.Long term investments 7.754 3.736 4.776 1.660 117.Contractual Liabilities (G2+C1) 2.552.200.52 29.855.Depreciation for the year 5.130 233.964 136.333 77.464 6.620 893.177 1.549 8.162 0 59.765 105.643.069.590 547.22 3.743.110.709 4.42 1.703 61.047 2.735.Local sales (Net) ii).017 1.318.160.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.561 2.General.735 475.Operating fixed assets after deducting accumulated depreciation 4.Sales i).626.87 .184 850.016 5.735.054.Return on capital employed ( F7 as % of avg.052 0 810.756 6.619 3.670.696.162.123.647.63 1.12 1.031 3.662 294.770 157.534 0 2.298.11 1.Financial expenses as % of sales (F6 as % of F1) 3.706 462.157 5.Tax expense (current year) 9.Break-up value shares (Rs.Preference shares 2.011.Long term unsecured loans 3.620 132.451.068 424.519 157.049.288 211.55 16. G1) 11.Cost of sales i).751 1.504 3.299 4.87 82.Total amount of dividend 10.13 10.Dividend cover ratio [(F7-F8) to F9] 12.660.22 34.553 7.355 23.05 19.760 5.Long term secured loans 2.90 3./share) (E/No.431.662 7.308 715.250 0 458.865.98 1.682.500 0 157.999.78 Items 6.690 766.980.293.507 883.439 7.207 19.000 130.219 2.31 5.20 225.194 3.59 3.834 2.929 5.131 31.Operating cash flow to debt ratio [F11 to (C+D)] 16.500 0. Subscribed & Paid up capital i).900 923.307 26.019 0 739.275 78.500 0 487.Current ratio (B to C) 6.844 58.451.53 227.Shareholders Equity (E1+E2+E3) 1.85 240.711.20 11.300.307 0 0 - G.841 865.18 1.Assets turnover ratio [F1 to (A+B)] 5.129 2.Gross Profit 4.684.422) 9.871.Other non-current assets B.515.250 87.120 766.229.454 1.000 130.762 303.909 619.874 4.189.254.29 8.943 785.427.506.39 4.Total value of bonus shares issued 11.80 5.99 84.Issued.717 3.141.449 4.36 0.944 1.621 389.249 2.254 11.Retention in business (F7-F8-F9) 4.548 2.444 243.Trade Debt as % of sales (B3 as % of F1) 4.194 886.884 5.138.Intangible assets 6.058 8.784 2.31 21. A.Other current assets C.072 0 48.754 1.34 3.Trade Debt 4./share) [(F7-F8)/No.177.975 763.514.17 0.898 0 827.060 4.84 0.Financial expenses of which: (i) Interest expenses 7.Reserves i).629.32 -0.59 1.(A+B)] 9.177.252 87.45 112 0.119 314.69 0.316 2.899 3.02 3.561 1.415 374.550 98.703.204 524.665.820 0 26.336 1.07 8. of Ord.119.633 9.062.15 6.295.217 966.250 31.285 5.935.Operating fixed assets at cost 3.358 3.10 5.350 5.811 19.221 442.70 2.02 0.902 24.49 0.Debentures/TFCs 4.245 1.372 130.169 148.402.062 0 755.979 5.10 4.825 375.988 17.77 5.651 6.Acid test or quick ratio[(B1+B3+B4) to C] 2.00 4.108.182 706.545 4.66 1.653 - F.775.398 0 3.725 651.00 8.466 49.119.Non-Current Assets (A1+A3+A5+A6+A7) 1.Selling & distribution expenses ii).23 4.294.383 4.128 3.064 4.615 2.807 746.Current Liabilities (C1+C2) 1.341.870.903 14.243 3.20 5.707.193 4.685 978.369 540.01 1.22 1.119.Cost of goods sold to sales (F2 as % of F1) 7.123.03 2.491 270.000 130.Export Sales (Net) 2.160 773.486 17.622.Short term Secured loans 2.15 8.659 130.383 7.090.939 723.787 26.468 12.73 90.334 725.Cash & bank balance 2.947 4.73 408.000 130.77 0.795 206.974 3.01 2.955.Return of equity (F7 as % of avg.Other current liabilities D.744 335.468 107.564 5.257 0 0 45.21 11.619.82 4.743.903 31.885.408.90 2.337.71 2.309 955.Short term investments 5.141 5.751 1.Ordinary Shares ii).244 301.857.94 88.469 646.556 33.891 H.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 4.057.483.029 6.849.

00 0.726 62.633 0 26.Short term investments 5. shares) - - - - 0.155 0 2.065 12.180 954 10.586 0 (39.Trade Debt 4.778 0 347.Current Liabilities (C1+C2) 1.109 27.431 87. administrative and other expenses i).69 8.23 1.711 0 832 0 1.080) 6.244 107.467 80.08 0.Shareholders Equity (E1+E2+E3) 1.19 4.887 27./share) [(F7-F8)/No.378 0 207.334 143.452 301.916 0 37.459 98.615 12.350 106.Break-up value shares (Rs. wages and employee benefits 6.Trade Debt as % of sales (B3 as % of F1) 4. shares] 17.Cost of material ii).000 250.56 6.188 (14.000 0 (340.530 64 352.000 0 (364.059 51.244 106.Assets turnover ratio [F1 to (A+B)] 5.40 2.350 0.00 -1.309 3.Revenue Reserve 3.Long term investments 7.95 -31.427 3.Return on capital employed ( F7 as % of avg.842) 0 (364.89 0.Current ratio (B to C) 6.07 3.705 261.23 -12.Cash & bank balance 2.96 -8.57 0.711 0 (30.042 20.148 146.961 217.009 (41.000 0 (174.000 250.842) 162.13 0.573) 10.452 12.526 0 26.498 0 302.72 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 326.422 17.231 13.Ordinary Shares ii).Depreciation for the year 5.04 0.Earning per share after tax (Rs.18 169.028 2.840 33.080 29.General.945 2.95 2.Tax expense (current year) 9.01 36.000 250.406 12.784 0 0 0 0 0 0 0 37.501 0 0 0 11.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.54 -7.16 0.511 12.Sales i).211 7.501 0 4.155 0 2.920 3.Operating fixed assets at cost 3.06 Items 336.000 0 (205.Total fixed liabilities (D1+D3) 3.956 0 (42.00 0. A.046 (39.757) 59.91 0.561 63 0 0 G.759 100.887 17.051 243 0 0 0 179.748 (30.Financial expenses as % of sales (F6 as % of F1) 3.945 10.167 70.75 -1.91 0.346 10.Export Sales (Net) 2.04 - - 0.095 239. of Ord.58 -2.Gross Profit 4.000 0 (305.999 0 387.223 18.122 194.076 142.202 57.Return of equity (F7 as % of avg.330 347.78 0.562) 98.Total amount of dividend 10.924 0 0 243 117.430 250.000 250.443 30.737 300.170 233 1.Other current liabilities D.893 446 40.92 13.15 -49.680 301.27 215.92 . G1) 11. of Ord.350 75.Short term Secured loans 2.082) 0 (340.980 19 0 0 0 11.00 -1.319 57.Intangible assets 6.182 (36.591 0 243 87.Dividend cover ratio [(F7-F8) to F9] 12.(A+B)] 9.67 1.705 46.Total value of bonus shares issued 11.34 113 - - 3.00 6.48 0.02 0.Debentures/TFCs 4.778 316.045 432.00 0.674) 98.612 299.740 0 27.380 0 0 0 13.Other current assets C.276 12.Net profit before tax 8.871 0 73.00 0.00 -1.Contractual Liabilities (G2+C1) H.83 104.Financial Statement Analysis of Non Financial Sector 2013 Ravi Textile Mills Ltd.03 0.Operating fixed assets after deducting accumulated depreciation 4.380 70.121 46.436) 52.Salaries.999 21.Operation: 1.148 62.65 - - -2.509) 155.26 -4.725 204.368 429.209) 80.226 40.380 0 72.011 250.509) 0 (305.Capital work in progress 2.984 (104.365 59.908 11.00 - - 0.082) 165.792 166.Capital Reserve ii).Cost of sales i).18 3.194 10.Non-Current Assets (A1+A3+A5+A6+A7) 1.Inventories 3.52 -33.Other non-current liabilities E.776 51 0 0 0 9.19 1.738) 19 0 0 55.Issued.Return on assets [F7 as % of avg.916 3.562) 0 0 0 (182) 0 0 0 0 0 0 0 27.019 4.00 28.179 281.35 2.987 0 1.334 0 32.459 0 26.08 121.632 0 24.58 3.613 46.876 0 0 0 9.605 11.95 0.995 1.Reserves i).22 1.133 250.549 82.77 -51.535 0 0 243 135.614 287.00 0.06 0.076 (30.092 301.387 299.Acid test or quick ratio[(B1+B3+B4) to C] 2.059 452.888 134.Debt equity ratio [(C+D) to E] 8.Administrative and other expenses 5.64 20.644 12.700 0 832 0 1.866) 0 (174.350 119.00 109.787 - F.82 0.25 0.521 1.992 75.Current Assets (B1+B2+B3+B4+B5) 1.Miscellaneous 1.Cost of goods sold to sales (F2 as % of F1) 7.793 98.687 25.927 326.Operating cash flow to debt ratio [F11 to (C+D)] 16.Key Performance Indicators 1.464 240.000 250.122 0 235.Employees benefit obligations 5.957) 160.317) 11./share) (E/No.246) 13.455 286.Cash flows from operations 12.961 919 52.Inventory Turnover Ratio (F1 to B2) 13.61 10.804 0 (104.Other non-current assets B.875 250.911 164.603 0 413.07 -53.58 -16.957 281.Local sales (Net) ii).10 0.Long term secured loans 2.79 0.53 6.10 -12.Long term unsecured loans 3.01 9.62 0.904 23.999 286.Other input cost 3.13 -29.Total capital employed (E+D) 2.347 107.Selling & distribution expenses ii).378 32.190 0 413.153 11.603 23.703 (20.52 1.98 -8.11 -10.128 0 56.67 -44.145 0 0 11.Preference shares 2.615 0 27. Subscribed & Paid up capital i).853 - 316.558 153.190 20.68 0.129 0 0 (220) 194.971 207. E) 10.171 250.Retention in business (F7-F8-F9) 4.Financial expenses of which: (i) Interest expenses 7.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.740 3.04 16.19 -68.34 0.957) 0 (205.170 0 20.05 0.674) 0 0 0 56 175.181 48.Net profit margin (F7 as % of F1) 15.866) 164.07 0.23 5.291 204.

217 244.97 4.28 0.215 58.645) 2.736 38.712.Current Assets (B1+B2+B3+B4+B5) 1.83 -0.333 1.006 29.087 85.131 190.40 3.91 0.Key Performance Indicators 1.777 0 0 G. of Ord.601 816.Trade Debt as % of sales (B3 as % of F1) 4.001 1.152 946.124 22.Total fixed liabilities (D1+D3) 3.Cost of goods sold to sales (F2 as % of F1) 7.332 19.143 382 0 0 46.108 13.926 492.564 26.565) 210.49 0.678) 59 (73.001 0.807 550.919 1.176) 510.94 0.221.371 268.00 -0.359.98 11.Miscellaneous 1.459 492.356 735.134 23.943 59.191 0 139.310 (43.236 0 2.001 221.02 1.80 3.667.497 5. administrative and other expenses i).334 12.652.236 2.232.Long term secured loans 2.Depreciation for the year 5.001 193.643 150.615 478.Retention in business (F7-F8-F9) 4.Inventories 3.239 3.563 2.438.592 3.172 13.75 8.44 1.16 3.General.227 0 76 9.Dividend cover ratio [(F7-F8) to F9] 12.05 11.Preference shares 2.272 1.Reserves i).Capital Reserve ii).598 661.979 542.730 - 1.36 0.190 19.Cash flows from operations 1.282 9.276 961.284.56 10.761 85.714 0 5.Trade Debt 4.417 0 0 51.303.159.04 -0.501 537.Assets turnover ratio [F1 to (A+B)] 5.Debt equity ratio [(C+D) to E] 8.19 0.205 0 579.536 492.62 13.674 26.294.Local sales (Net) ii).14 96.275 164.44 0.Inventory Turnover Ratio (F1 to B2) 13.092 15.83 12.Total capital employed (E+D) 2.573) (8) (167.42 - - - - - - 4.05 0.286.147 0 (48.Return on capital employed ( F7 as % of avg.128 19.Net profit margin (F7 as % of F1) 15.93 95.048 7.254 210.043 112.554 78.165 432.34 0.72 0.11 1.017 624.641 2.155 1.018 542.Other input cost 3.Return on assets [F7 as % of avg.770 4.404) 75.06 -0.641 900.222.408 18.42 95.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.788 21.Long term unsecured loans 3. shares] 17.Net profit before tax 8.840 651. E) 10.Non-Current Assets (A1+A3+A5+A6+A7) 1.Total amount of dividend 10.53 2.Earning per share after tax (Rs.Current Liabilities (C1+C2) 1.60 18.69 -0.Total value of bonus shares issued 11.Intangible assets 6.311 31.67 Items 1.566 1.817) 16 (153.739 968.518 492.Gross Profit 4.926 0 49. A.999 278.029.Other current assets C.390 313.189 0 564 85.453 1.Return of equity (F7 as % of avg.49 1.422 130.882 82.Revenue Reserve 3.210 0 0 (20.410.284 0 80 4.01 12.46 1.99 97.973 17.220 21.710 1.874 15./share) [(F7-F8)/No.273 118.07 -0.045 15.506 0 39 4.832 621.670) 197.280 1.470 1.994 0 110.395 869.097 32.905 1.521 197.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.041 18.287 18.460.774 17.85 2.920 10.75 1.17 5.970 191.167 44. of Ord.71 1.089 128.367 4.98 1.989 1.469.(A+B)] 9.476 1.086 5.649) 21 (139.741 0 (2.242 - 929.133 616.719 74.086 632.021 0 1.914 11.707 432.322 124.525 0 4.243 113.Financial expenses of which: (i) Interest expenses 7.020 44.552 0 71 5.402 1.557 1.00 -0.83 6. shares) 0.926 492.926 0 (153.50 1.138) 25 (101.086 77.783 292.Cost of material ii).323 204.64 1.856 595.303 60.61 0.155.096.87 2.242 306.697 46.263 492.65 99.84 1.Financial expenses as % of sales (F6 as % of F1) 3.504 85.231 2.72 1.710 0 1.907.926 (73.64 -3.116 670.499 0 533.427 956.235.14 -0.Operation: 1.070 15.757.Other non-current liabilities E.Administrative and other expenses 5.50 0.185 (4.668 2.09 -8.Shareholders Equity (E1+E2+E3) 1.630 209.Long term investments 7.248 534.Employees benefit obligations 5.095 0 30.Current ratio (B to C) 6.926 0 (139.16 96./share) (E/No.244 576.607 36.Operating cash flow to debt ratio [F11 to (C+D)] 16.163) 236.546 535. G1) 11.906 660.Short term Secured loans 2.074 0 0 62.926 492.Acid test or quick ratio[(B1+B3+B4) to C] 2.538 9.22 0.884 999.015 F.23 1.139 4.99 1.679 19.Operating fixed assets at cost 3.272 115.02 0.789 628.Selling & distribution expenses ii).Capital work in progress 2.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 899.737) 232.94 1.01 8.974 277.34 1.Financial Statement Analysis of Non Financial Sector 2013 Redco Textiles Ltd.633 278.87 0.627) 4.78 1.Break-up value shares (Rs.354 492.035.Cash & bank balance 2.66 1.36 -0.853 0 1.001 874.636 899.277 3.408 258.Sales i).353 45.36 0.86 6.42 .25 0.Debentures/TFCs 4.369) 82.050 896.09 2.95 5.09 2.610 613.577 994.760 49.656 152.Ordinary Shares ii).21 -4.833) 203.821) 1.21 0.949 41.599 85.384.08 11.526.989 740.Tax expense (current year) 9.220 29.714 168.127 53.528 16.482 430.29 10.67 1.54 1.573 11.19 2. Subscribed & Paid up capital i).181 0 5.Short term investments 5.629 73.300 114 4.58 0.926 492.559 0 1.403 7.926 0 (167.244 (2.671 0 646.838 4.54 2.Contractual Liabilities (G2+C1) H.353 0 113.328 (1.690 328.596 0 117.Other non-current assets B.926 0 (101.940 1.898 24.294.641 45.803 167.926 492.05 10.319) 116.Issued.899 601.226 165.87 0.979 0 73.211 269.181 973.Other current liabilities D.785 1.307 36.427.168 492.02 1.12 -6.Salaries.Operating fixed assets after deducting accumulated depreciation 4.456 48.036.736 924.70 2.926 492.953) 366 0 0 (2.07 0.618 75.00 114 0.522.488 6.706 20.Export Sales (Net) 2.696 0 1.185 214.290.486 2.10 9.897 19. wages and employee benefits 6.77 1.Cost of sales i).

284 73.994 1.853.45 0.487 0 81.Financial expenses as % of sales (F6 as % of F1) 3.Return on assets [F7 as % of avg.Cost of sales i).533.308.614 833.Other non-current assets B.812 1.Financial Statement Analysis of Non Financial Sector 2013 Reliance Cotton Spinning Mills Ltd.Return of equity (F7 as % of avg.68 117.Other non-current liabilities E.973 115.635 140.(A+B)] 9.556 292.796 118.684 0 438.Contractual Liabilities (G2+C1) H.76 14.01 2.498) 1.552 372.Long term investments 7.182 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 495.984 143.730 0 146.917 503.01 11.190.306 75.501 65.667 0 - 1.675 394.350 206.947 39.Short term Secured loans 2.816 0 1.Operation: 1.92 22.Depreciation for the year 5.77 1.441 2.912 110.12 14.17 6.923 306.54 9.166 17.143 1.08 0.916 179.613.72 4.409 786. G1) 11.927 0 242./share) [(F7-F8)/No.50 9.997 3.365 0 38.111.264 350.358.00 5.472 26.105 133 1.606 47.990 470.62 1.06 2.Dividend cover ratio [(F7-F8) to F9] 12.000 7.201.416 3.Revenue Reserve 3.479 32.Debt equity ratio [(C+D) to E] 8.16 1.63 5.344 102.293 164.993 160.982 159.197.333 136.Financial expenses of which: (i) Interest expenses 7.Local sales (Net) ii).23 71.354.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.850 5.067 350.363 710.341.000 0 80.920 102.462 0 1.Current ratio (B to C) 6.753.406 13.508.64 3.990 661.357 737.605.77 1.82 7.445 66.292 0 G.056.09 0.697 966.Break-up value shares (Rs.800 26.61 115 0.01 1.Long term secured loans 2.876 239.34 19.747 401.47 1.60 2.383 158.167 199.533.462 0 1.844 0 332. E) 10.61 0.09 7.Total capital employed (E+D) 2.63 10.052 9.Trade Debt 4.469 1.424 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.584 0 72.03 1.85 0.720 952.04 85.35 7.353 1.080 15.945 132.238.Assets turnover ratio [F1 to (A+B)] 5. of Ord.115 728.123 11.634 198.57 3.366 10. A.312 20.298 0 117.32 7.98 24.297.276 1.360 1.Trade Debt as % of sales (B3 as % of F1) 4.General.78 0.230 1.Retention in business (F7-F8-F9) 4.968 1.00 4.26 0.Export Sales (Net) 2.920 102.27 1.Tax expense (current year) 9. of Ord. shares] 17.28 4.632. Subscribed & Paid up capital i).Cash flows from operations 1.220 387.516 114.136 245.489 0 786.736 102.557.232.247.488 1.665 765.082 637.864 454.57 126.501 20.702 46. shares) 5.760 188.035 584.28 158.71 2.649.094 952.74 0.080.Return on capital employed ( F7 as % of avg.684 1.972 525.865 0 115.514.783 1.027.677 130.002 0 1.222 3.Net profit margin (F7 as % of F1) 15.624 75.30 7.285 78.966 15.000 0 0 24.Long term unsecured loans 3.210 16.Intangible assets 6.Operating fixed assets after deducting accumulated depreciation 4.63 7.006 903.027.920 0 532.175 104.04 31.Employees benefit obligations 5.Administrative and other expenses 5.535 0 0 0 37.305 19.216.627 194.984 367.Sales i).48 1.402.21 5.357 105.904 1.657 1. administrative and other expenses i).289 1.611 3.Operating fixed assets at cost 3.Short term investments 5.112 101.561 126.Miscellaneous 1.159.292 528.17 1.29 50.359 714.573 4.08 79.846 594.09 1.79 1.708 3.224.052 955.413 1.45 15.990 152.307.644 76.895 971.556 12.41 2.438 0 (29.72 43.246 1.563 899.000 123.183 284.409 102.382 102.99 Items 924.711 495.812 150.702 6.982 29.107 109.489 0 532.600 690.920 102.488 186.156 22.Gross Profit 4.290.361 1.704 2.Cost of goods sold to sales (F2 as % of F1) 7.377 45.Total fixed liabilities (D1+D3) 3.474.944 8.141 50.787 0 48.368 2.990 0 192.340 312.Earning per share after tax (Rs.358 56.672.920 0 1.095.823 29.496 1.706 25.864.620 0 59.938 2.038 20.584 0 114.636.620 84.889 0 998.029 314.788 112.Cash & bank balance 2.354 372.18 8.502.194.12 1.103 1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.920 0 345.588 1.Shareholders Equity (E1+E2+E3) 1.22 5.Inventory Turnover Ratio (F1 to B2) 13.26 4.12 46.759 120.407 882.Total value of bonus shares issued 11.407 841.789 66.364 80.43 9.516 1./share) (E/No.606 377.51 8.93 23.951 0 111.338 0 0 0 19.217 114.850 0.67 2.68 -0.478 57.11 0.340 0 559.99 6.194.191 995.424 0 F.Other input cost 3.051 1.544.Acid test or quick ratio[(B1+B3+B4) to C] 2.787 102.08 83.06 88.019 1.91 1.449 710.974 0 162.935 355.214.772.21 10.889 0 683.964 251.686 678.538 0 999.139.920 102.Current Liabilities (C1+C2) 1.031 924.02 76.194 105.Net profit before tax 8.815 75.867 - 37.747 0 134.491 240.56 61.Capital Reserve ii).293.809 102.795 0 454.39 4.Other current liabilities D.920 102.997 2.06 15.Issued.667 301.271 0 65.Selling & distribution expenses ii).876.182.955 1.71 9.373 53.816 0 1.276 102.920 0 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.326 220.608 655. wages and employee benefits 6.650 0 91.493 144.98 1.05 22.27 0.753 20.99 .57 1.29 46.Total amount of dividend 10.920 102.213 142.14 77.572 8.829 3.823 162.561 18.Salaries.111.261.Capital work in progress 2.86 20.Inventories 3.389 67.Current Assets (B1+B2+B3+B4+B5) 1.Key Performance Indicators 1.453 1.87 14.Ordinary Shares ii).820 2.35 12.141 591.43 27.Reserves i).Preference shares 2.636 635.437 589.Other current assets C.920 0 683.000 448.56 18.920 0 1.03 14.80 4.162.326 1.Cost of material ii).81 1.16 9.299 1.563 122.94 30.25 0.604 109.182 144.614 52.13 16.Debentures/TFCs 4.412 0 0 0 30.

Preference shares 2.87 11.Debt equity ratio [(C+D) to E] 8.Other non-current assets B.655 308.844 3.Cash flows from operations 3.415 0 0 G.483 1.20 35.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.775 1.117 434 4.629 507.004 574.426 0 573.193 452.Total value of bonus shares issued 11.02 0.Other current liabilities D.531 1.167 2. G1) 11.564 26.85 0.089 2.Administrative and other expenses 5.Long term unsecured loans 3.00 1.962 406.359 452.124.071 543.271 55.85 5.177 3.665.724 171.652 2.42 7.098.551 88.Total fixed liabilities (D1+D3) 3.77 -0.191 269.800. of Ord.290.130 0 2.320.246 1.81 -5.Inventories 3.650 308.660 2.093.Reserves i).23 -19.442 1.296 3.Operating cash flow to debt ratio [F11 to (C+D)] 16.545 (174.804 273.Capital Reserve ii).Inventory Turnover Ratio (F1 to B2) 13.749 6.163.196 2.216 0 (143.275 41.980 137.865.05 0.94 9.Short term Secured loans 2.405 0 496.060 2.000 0 13.400.97 0.058 83.88 12.320 449.015 4.408 2.849 0 (107.287 714. shares] 17.109 0 283.699 548.314 - 3.Salaries.835 0 0 321.928.023 535.980 (206.18 0.870 2.681 365.115.477 101.03 -0.840 112.715 2.154 3.86 2.929.957 792.04 16.539.756 111.836.652 409.Long term secured loans 2.257) 2.588.736 288.Total amount of dividend 10.935 3.776.917 2. administrative and other expenses i).261.271 2.79 0.223 132.11 Items 2.296.91 89.138 124.057.206 478.Financial expenses of which: (i) Interest expenses 7.50 68. Subscribed & Paid up capital i).186.22 4.198 8.518 308.Earning per share after tax (Rs.109 0 729.92 86.54 0.354.82 1.586 87.955.258 786.325 1.936 316.34 0.148 2.Shareholders Equity (E1+E2+E3) 1.630.273 200.961 672.220 3.183 836.63 .288 215.807.61 3.326./share) [(F7-F8)/No.514.708 46.001 9.10 -6.993.04 2.184 387.714 308.918 645.841 0 557.699 368.14 -9.109 308.641 716.857 4.97 14.07 0.245 46.115 573.666.27 63.Gross Profit 4.81 3.83 91.58 0.508 3.827 225.951 541.020.756 602.782 1.573 645.139 574 0 22.261 12.438 308.880.Local sales (Net) ii).Current Assets (B1+B2+B3+B4+B5) 1.926 4.79 84.Issued.109 308.015 3.489.915 3.06 15. of Ord.Selling & distribution expenses ii).272.648 189.039 146.Operating fixed assets after deducting accumulated depreciation 4.489.000 0 9.54 9.311.427 452.938 0 1.217.074 962.822 315.085 2.110 8.305 3.50 2.Return on capital employed ( F7 as % of avg.Long term investments 7.509.Short term investments 5.83 82.465 455.324 112.070 465.078 162.Employees benefit obligations 5.81 10.075.196.Return of equity (F7 as % of avg.681 285.243 1.857.412 131.Operation: 1.109 308.561 127.932.80 25.250 1.278 0 69.343.018 18.842) 26.269 107.Depreciation for the year 5.849 8.768.720.84 1.189.388 122.871 19.850 73.029 502.085 6.27 6.Contractual Liabilities (G2+C1) H.469 65.520.50 1.96 87.Retention in business (F7-F8-F9) 4.494 2.043.456 174.042.721 543.233 1.25 -10.711 1.698.337.960 2.423 308.678 418.672.405 0 18.142 1.353.197 7.298.47 17. wages and employee benefits 6.21 2.350.108 179.Export Sales (Net) 2.273 3.799.18 7.62 -4.238) 8.800.387) 31.229.00 -3.114.513 1.15 10.928.Revenue Reserve 3.12 0.18 7.392 2.04 1.077 315.733 4.109 0 1.86 0.795.Other non-current liabilities E.081 242.561 452.699 145.462 5.383 481.Other current assets C.22 11.183.769 7.75 1.709.599 125.Other input cost 3.693 2.672 1.995 267.712 645.00 6.496 6.293 0.669.484 1.271 2.297.183 856.40 1.10 26.975 1.179 416.08 0.695 15.908 29.145 334.103.544 148.64 3.91 4.768 429.29 83.622 0 (329.(A+B)] 9.Current ratio (B to C) 6.708 1.061 804 0 35.109 0 460.Intangible assets 6.510 919 2.95 -4.054 (80.449 1.82 5.883.Cost of goods sold to sales (F2 as % of F1) 7.800 0 22.Acid test or quick ratio[(B1+B3+B4) to C] 2.642.726 0 1.534 5.Trade Debt as % of sales (B3 as % of F1) 4.Trade Debt 4.101 2.951.271 2.561 4.Cost of material ii).193.Tax expense (current year) 9.576.539 66.64 5.17 0.109 0 1.003.334.979 5.785.69 33.531 689 0 17.98 2.608 278.773.75 23.856 362.49 9.Return on assets [F7 as % of avg.773 648.Break-up value shares (Rs. A.Debentures/TFCs 4.109 308.Financial Statement Analysis of Non Financial Sector 2013 Reliance Weaving Mills Ltd.179 37./share) (E/No.642.060.975 3.100 6.Sales i).869 2.48 24.30 0.688 36.426 768.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.986 1.455 1.02 48.246 0 0 12.41 6.373 4. E) 10.358 356.Operating fixed assets at cost 3.39 37.800 51.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.547 1.555.644 61.480 3.778.Current Liabilities (C1+C2) 1.Miscellaneous 1.575 75.844 3.General.Dividend cover ratio [(F7-F8) to F9] 12.377 235.Financial expenses as % of sales (F6 as % of F1) 3.806.855 455.943 913.857 431.Non-Current Assets (A1+A3+A5+A6+A7) 1.122.32 0.576 3.056 596.496 1.182 2.17 14.467.346 452.Cash & bank balance 2.455.639 77.57 1.808.536 323.754.800 0 34.Capital work in progress 2.560.624 646.Assets turnover ratio [F1 to (A+B)] 5.622.170 1.610.44 0.398 1.509.18 14.109 308.855 469.271 - 4.322.608 2.832.222) 2.343 415.738.153.375 2.680 9.Ordinary Shares ii).Cost of sales i).341.587 198.769 145.28 4.060.905 415.123 140.418.334 79.703 11.87 -2.00 4.261.109 0 1.Key Performance Indicators 1.986 516.924 338.395 3. shares) - - 2.606 2.423.591 867.85 4.206 784.575) 1.568.782 0 2.465 3.04 7.48 1.Net profit before tax 8.573 4.Net profit margin (F7 as % of F1) 15.448 1.905 92.183.109 308.652 0 - F.67 5.594 428.373 469.943.25 28.94 116 5.36 -2.571 327.676.Total capital employed (E+D) 2.25 4.

142 17.Break-up value shares (Rs.156 898.507 12.Operating fixed assets at cost 3.77 0.089.741 55.796 166.89 -0.190 821.Debentures/TFCs 4.54 -1.965 277.642 420.915 120.994.126.519 141.485 432.084 0 1.798 132.166 110.171 58.597 84.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.02 2.501.701 3./share) [(F7-F8)/No.Preference shares 2.Current Liabilities (C1+C2) 1.341 (54.677 59.Non-Current Assets (A1+A3+A5+A6+A7) 1.462.438 249.648 360.432 1.909 0 1.701 224.68 2.737) 218 0 0 (43.Local sales (Net) ii).398 241.74 1.359 1.000 360.613 1. Subscribed & Paid up capital i).Sales i).973 36.000 0 453.97 0.016 671.72 2.215 96.060.398 0.84 97.816 97.831 672.Return of equity (F7 as % of avg.184 91.798 0 378.15 85.000 0 206.35 2.740 51.955) 663.345 349.593 17.248 268.73 0.721 97.85 92.623 288.53 1.227 72.882 (13.730 275.065 112.11 1.122 77.139 427.417 73.245.000 360.425 1.89 0.097 358.772 377.38 0.Debt equity ratio [(C+D) to E] 8.796 871.548 0 0 G.15 0.745 207.148 341.024.050 54.74 5.37 2.47 24.000 0 378.896 5.282 79.31 92.058 5.537 332.99 33.022 80.807 0 (60.409.667 637.Cost of goods sold to sales (F2 as % of F1) 7.325 0 0 0 20.673 1.00 -1.22 44.626 360.Current ratio (B to C) 6.Trade Debt as % of sales (B3 as % of F1) 4.073 925.84 0.72 4.Net profit before tax 8.58 88.104) 89.752 567.80 81.203 207.669 435.976 83.782 97.Inventory Turnover Ratio (F1 to B2) 13.97 0.Acid test or quick ratio[(B1+B3+B4) to C] 2.206 15.197 608.Operating cash flow to debt ratio [F11 to (C+D)] 16.174 7.739 395.21 1.Revenue Reserve 3.571 136.184 97.434 71.42 1.651 36.38 2.327 51.885 1.154 67.Ordinary Shares ii).264 349.Total value of bonus shares issued 11.89 15.Key Performance Indicators 1.Cost of material ii).862 759.10 2.Capital Reserve ii).95 10.Dividend cover ratio [(F7-F8) to F9] 12.302.969 355.310 73.Total amount of dividend 10.420 1.50 7.862 188.45 3.819 1.478 3.998 142.505 153.Cash flows from operations 1.98 -7.Short term investments 5.94 3.739 0 432.075 0 0 3.673 373.033 399.120 1.Other current liabilities D.Financial expenses of which: (i) Interest expenses 7.515 72.507 156.139 14.532 63.990 21.88 -0.741 26.421 360.324 95. of Ord.19 7.419./share) (E/No.759 380.973 0 196.39 10.26 0.288 218.957 3.295.928 2.26 7.022 38.510 0 92.265.665 88.Depreciation for the year 5.33 9.09 0.Issued.19 0.850 - 1.076.432 112.622 295.76 1.General.(A+B)] 9.Other non-current liabilities E.22 1.Inventories 3.086.Capital work in progress 2.56 -4.791 3.501.000 0 110.236 51.64 13.Operation: 1.010 19.701 0 2.907 1.31 0.000 0 93.000 360.471 893.170. shares) - - 5.719 0 206.923 34.914) 152.719 144.05 -0.Financial Statement Analysis of Non Financial Sector 2013 Resham Textile Industries Ltd.Contractual Liabilities (G2+C1) H.40 2.38 8.317 430.Employees benefit obligations 5.970 360.033 228.034.771 882.525 379.440.422 910.659 0 37.318 360.Miscellaneous 1.Selling & distribution expenses ii).366) 6.Salaries.Other input cost 3.375 166.Current Assets (B1+B2+B3+B4+B5) 1.03 1.699 69.099 0 97.840 824.63 21.745 3.065.Assets turnover ratio [F1 to (A+B)] 5.951 3.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Total fixed liabilities (D1+D3) 3.450 420.75 5. wages and employee benefits 6.893 0 46.150 929.206 171.000 0 154.989) 2.33 2. G1) 11.000 360.96 -4.640 242.455 2.951 226.960 19.Shareholders Equity (E1+E2+E3) 1.282 17.529 234.Return on assets [F7 as % of avg.334 37.Intangible assets 6.631 962.734 507.Long term secured loans 2.49 54.Retention in business (F7-F8-F9) 4.37 1.00 7.794 643.000 0 643 827.138 100.18 0.702 45.914 905.69 10.971 23.442 23.38 4.Cash & bank balance 2.176 11.000 360.327 0 0 13.95 1.947 1.17 -3.Tax expense (current year) 9.840 66.89 12.09 31.633 407.Short term Secured loans 2.134.068 - F.651 355.057 1.Administrative and other expenses 5. administrative and other expenses i).Other current assets C.97 117 .326 72.284 254.256 27.836 308.322 9.053 0 0 3.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 882.06 22.000 360.757 77.422 0 0 8.004 432.811.28 2.095 0 0 3.043 487.099.289 120.321 21.704.278 268.683 355. A.033 3.520.34 0.Other non-current assets B.689.76 6.Long term unsecured loans 3.347 152.999 0 0 3.911 2.52 1.297.679 8.234 232.000 0 35.812 8.Return on capital employed ( F7 as % of avg.35 13.92 -13.542.919 255.039 354.Earning per share after tax (Rs.65 0.238 1.158 375.92 18.Long term investments 7.422 229.27 1.426.230 (13.Trade Debt 4.83 3.99 21.583 123.045 72.12 30.578 70.04 6.Net profit margin (F7 as % of F1) 15. of Ord.Gross Profit 4.078.508 65.03 1.821 173.097.377 102.105 74.486 2.772 379.000 0 (69.115 1.70 19.780 3.Export Sales (Net) 2.639 0 92.42 0.882 0 0 4.021 29.454 98.184 0 0 15.314 3.10 -1.714 1.Operating fixed assets after deducting accumulated depreciation 4.820 110.019.Financial expenses as % of sales (F6 as % of F1) 3.35 4.141 1.Reserves i).477 0 286.21 Items 1.104) 0 (69.507 0 154.07 7.Cost of sales i).018 0 0 3.Total capital employed (E+D) 2.11 0.821 0 110.38 17.232.977 430.18 9.000 0 321. shares] 17.41 1.062 155.678 774.17 0. E) 10.068 360.99 22.867.817 711.371 0 50.

646 61.529 392.889 66.07 -13.695 47.144 522.Break-up value shares (Rs.28 6.Local sales (Net) ii).251 19.316.734 394.Acid test or quick ratio[(B1+B3+B4) to C] 2.487 535.073 558.Financial Statement Analysis of Non Financial Sector 2013 Ruby Textile Mills Ltd.73 -22.585) 629.372 827.79 1.Total value of bonus shares issued 11.Long term investments 7.Capital work in progress 2.05 12.748 638.07 0.61 0.48 15.89 1.138 784 490.Earning per share after tax (Rs.175.720 103.04 5.715 0 7.812 1.348 0 0 7.239.000 392.058 288.22 11.493) 905.232.38 -17.779 642.174) 102. shares] 17.398 351.Return on capital employed ( F7 as % of avg.554 0 0 (18.795 476.73 -0.413 0 0 8.625.144 0 (42.281) 402.329 1.72 0.Current Liabilities (C1+C2) 1.581 0 1.480 210.374 1.478 0 129.646 392.040 392. A.Shareholders Equity (E1+E2+E3) 1.Cash flows from operations 1.Other current liabilities D.442 151.Cost of goods sold to sales (F2 as % of F1) 7.053 43./share) (E/No.Depreciation for the year 5.067.Operating fixed assets at cost 3.100 (106.Cost of sales i).217 0 958.683 1.Inventory Turnover Ratio (F1 to B2) 13.106 608.10 -2.843 1.03 18.41 4.248 682.958 28.221 214.024 4.230 2.07 0.49 -0.633 18.24 0.000 392.935 424.530 982.098.91 0.275 251.732 78.612 0 0 (36.728 (65.12 -3.127.118 261.16 0.144 0 (306.Operating fixed assets after deducting accumulated depreciation 4.Other input cost 3.91 1.702 954 223.847 50.202 0 1.442 0 (58.501 78.05 96.89 2.627 365.455 104.900 1.462 690.994 2.Other current assets C.064 56.396 331.498.02 0.Dividend cover ratio [(F7-F8) to F9] 12.125 182.612 1.042) 375.975 424.295 237.03 3.27 -0.334 974.080 1.000 392.156 365.446 254.97 -0.262 97.Trade Debt as % of sales (B3 as % of F1) 4.129.Net profit margin (F7 as % of F1) 15.496 1.124 28.666 (158.32 1.41 -3.022.001) 3.472 103.93 1.Salaries.00 -1.587 392.Cost of material ii).42 1.084) 279.767 1.08 0.187 47.538 830.676 1.000 1.36 1.633 0 0 7.(A+B)] 9.194 1.44 3.64 0.148.18 -18.25 Items 1.041) 3.472) 2.855 0 279.Total fixed liabilities (D1+D3) 3.Assets turnover ratio [F1 to (A+B)] 5.96 118 .625 126.247.461 980.Cash & bank balance 2.412) 16.Other non-current assets B.655) 5.355 (107.30 89.65 3.Return of equity (F7 as % of avg.697 359.405 0 0 G.775 0 117.713 21.945 66.562) 414.113.85 -20.438 603. E) 10.108 69.169.803 881 538.68 0.956 281.36 -4.97 -21.777) 478.52 2.Revenue Reserve 3.133 525.215 0 124.144 522.50 -9.150.094 617.081.393 16.02 7.Short term investments 5.Return on assets [F7 as % of avg.032 45.676 586.04 6.842 366.733 43.373) 759.Sales i).53 0.88 -8.Other non-current liabilities E.544 15. of Ord.95 1.709 516.Issued.190 10.689 0 359.179 669.022) 1.116 0 1.179.814 26.016 (89.87 0.58 1.Contractual Liabilities (G2+C1) H.29 3.485 28.866 78.Financial expenses of which: (i) Interest expenses 7.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.293 181.090) 31.Short term Secured loans 2.80 -7.339 106. wages and employee benefits 6.843 45.524 347.31 2.582 131. of Ord.10 2.Trade Debt 4.50 1.619 214.59 -10.260 333.Administrative and other expenses 5.969 275.79 -10.693 266.Preference shares 2.407 47.464 813 496.961 62.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.745 92. shares) - - - - - - 5.Long term secured loans 2.855 625.107 414.585 0 0 8.67 -6.Net profit before tax 8.729 522.439) 102.416 (182.724 35.00 97.240 (262.190 0.817) 51.103 33.379.Operation: 1.088 43.014.102 51.465 34.852 (52.064 1.12 -3.059.125 26.Tax expense (current year) 9.905) 282 0 0 (137.901 251.Debt equity ratio [(C+D) to E] 8.000 0 (281.029.Key Performance Indicators 1.240 (284.248 944.802) 1.393 684.278 13.023 941.124.961 0 0 (146.Current ratio (B to C) 6.343) 1.645 601.363 (109.612 1.220 0 3.49 -0.Operating cash flow to debt ratio [F11 to (C+D)] 16.774 68.176.16 1.98 0.558 1.177.024.601 0 590.Selling & distribution expenses ii).866 28.991) 594 0 0 (93.General.687 34.Current Assets (B1+B2+B3+B4+B5) 1.03 -6.769 522.874 2.000 0 (341.712 1.111.Employees benefit obligations 5.Miscellaneous 1.Gross Profit 4.603 (409.Total capital employed (E+D) 2.77 -13.574 26.252 343.Capital Reserve ii).Intangible assets 6.240 (344.83 -0.49 11.74 13.19 1.94 0.398 1.599 15.20 110.293 (155.Total amount of dividend 10.560 146.614 733.Non-Current Assets (A1+A3+A5+A6+A7) 1.877 279.162 0 129.148.16 1.534 198. administrative and other expenses i). G1) 11.169.667 0 1.000 0 (259.68 13.602 800.426 0 1.Inventories 3.322) 3.62 1.587 - F.666 83.107.567 1.736 100.251 (181.480 1.625 212.520 212./share) [(F7-F8)/No.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.04 -12.59 -1.23 2.709 0 3.90 -6.187) 353.648 0 159.513 1.588 0 160.460 15.577.969 1.416 430.302 7.638 110.668 4.508 31.20 105.045 68.Ordinary Shares ii).461 414.000 392.06 7.91 -10.Export Sales (Net) 2.937 41.47 2.625 437.974 128. Subscribed & Paid up capital i).98 0.975 22.Debentures/TFCs 4.060) 251.216 0 0 4.Reserves i).778 27.846) 855.Retention in business (F7-F8-F9) 4.206 846.63 -35.60 95.Long term unsecured loans 3.04 -3.27 -0.626 0 184.060 899.Financial expenses as % of sales (F6 as % of F1) 3.759 - 856.721 17.241) 386.000 0 233.603 (144.179.625 (126.27 -2.355 169.791 41.

515 114 0 0 143.572 6.929 0 0 (30.Inventory Turnover Ratio (F1 to B2) 13.538 107.411 69.05 119 - - - 4.113 7.413 169.082 0 0 (5.Long term unsecured loans 3.056 1.761 674.549 30.74 2.Debentures/TFCs 4.608 27.88 12.334 6.699 0 11.Intangible assets 6.271 101.29 6./share) [(F7-F8)/No.Operating fixed assets after deducting accumulated depreciation 4.90 83.91 14.77 0.511 57.38 8.502 5.128 0 44.91 0.328 18.824 178 88.92 5.701 6.11 12.(A+B)] 9.283 40.182 E.050 0 14.88 89.915 0 1.92 1.620 68.Shareholders Equity (E1+E2+E3) 1.920 0 0 0 157.57 .561 125.527 85.Cash flows from operations 367.839 97.582 52.Salaries.523 15.28 0.947 421.80 0.42 4.818 0 0 0 167.182 0 427 54.Export Sales (Net) 2.Return of equity (F7 as % of avg.000 0 (16.970 8.Net profit before tax 8.Current Liabilities (C1+C2) 1.463 22. administrative and other expenses i).794 8.23 1.03 0.44 1.947 7.617 0 33.000 0 8.061 68.16 0.05 12.063 131.794 0 145.20 10.055 0 0 6.567 5.806 1.Current Assets (B1+B2+B3+B4+B5) 1.Return on assets [F7 as % of avg.492 142.129 155.17 1.917 6.05 8. Subscribed & Paid up capital i).787 500.48 0.668 0 1.421 5.822 222.336 39.34 14.820 0 0 63.628 264.Assets turnover ratio [F1 to (A+B)] 5.Long term secured loans 2.000 0 14.94 0.053 98.628 45.827 125.01 88.Local sales (Net) ii).086 133.09 1.529 0 58.741) 501.267 11. G1) 11.34 3.33 13.617 209.Financial expenses of which: (i) Interest expenses 7.295 0 62.366 141.663 0 15.597 9.422 0 367.087 83.37 3.758 79 474.48 -0.Return on capital employed ( F7 as % of avg.700 12.350) 477.Capital Reserve ii).75 87.86 - 1.182 40.Net profit margin (F7 as % of F1) 15.349 61.28 14.54 1.699 0 3.839 0.447 3.39 7.331 51.11 2.157 0 132.074 50.07 15.422 328.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.516 0 91 G.24 5.82 1.35 1.522 23.050 0 (3.518 82.50 11.46 4.688 0 129.07 0.130 14.252 55.006 82.14 3.956 73.243 50.597 15.279 350.Trade Debt as % of sales (B3 as % of F1) 4.610 7.912 0 40.53 3.64 3.093 418.14 3.590 62.36 2.758 45.992 293. of Ord.16 1.85 1.70 3.507 3.513 16.26 1.58 14.298 0 0 0 189.178 16.896 58.76 2.Short term investments 5.Break-up value shares (Rs.374 5.44 11.000 40.019 418.253 5.Total fixed liabilities (D1+D3) 3./share) (E/No.33 0.Revenue Reserve 3.688 6.78 13.Employees benefit obligations 5.020 470.Other non-current assets 86.Sales i).334 1.26 0.164 771.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 - F.08 2.Debt equity ratio [(C+D) to E] 8.447 10.59 13.476 143 0 0 126.715 8. shares) - - 5.051 4.010 24.218 31.Other current liabilities D.Miscellaneous 1.Other current assets C.000 40.663 0 93.Dividend cover ratio [(F7-F8) to F9] 12.96 2.117 54.060 5.575 132.718 38.786 0 - 1.065 4.411 40.Capital work in progress 2.641 7.180 45.Preference shares 2.464 102.08 1.35 7.650) 102.252 0 0 0 0 14.451 0 0 0 0 0 0 51.Total amount of dividend 10.000 40.43 1.798 141.374 29.052 0 0 0 0 0 0 54.283 0 18.39 0.000 0 15.665 8.General.672 1.216 263.95 0.604 7.485 43.41 -0.Gross Profit 4.Operating cash flow to debt ratio [F11 to (C+D)] 16.09 5.86 2.Non-Current Liabilities (D1+D2+D3+D4+D5) 2009 2010 2011 60.509) 474.225 98.Financial Statement Analysis of Non Financial Sector 2013 Safa Textiles Ltd.24 0.511 0 0 0 0 16.Trade Debt 4.016 48.000 40.699 0 52.833 1.943 3.485 60.028 35.000 0 11.439 253.Administrative and other expenses 5.Tax expense (current year) 9. shares] 17. Items A.50 2.707 27.89 3.949 93.489 25.679 411.177 0 1.03 1.Short term Secured loans 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.Long term investments 7.904 2.755 47.Inventories 3.01 87.10 2.127 124.139 66.555 54.595 279.61 2.24 1.Other input cost 3.Operating fixed assets at cost 3.Operation: 1.737 0 10.050 0 85.020 63.501 11.653 173.313 2.12 0.560 18.074 52.72 2.91 86. wages and employee benefits 6.695 5.79 8.725 10.04 2.163 42.243 219.732 153.Financial expenses as % of sales (F6 as % of F1) 3. E) 10.Earning per share after tax (Rs.362 27.645 0 84.894 58.617 100.613 133.050 40.157 0 17.Cost of material ii).508 96.482 29.956 39.88 -0.086 29.Cash & bank balance 2.069 4.00 0.Issued. of Ord.167 124.Contractual Liabilities (G2+C1) H.663 40.73 4.83 1.Key Performance Indicators 0.000 40.Current ratio (B to C) 6.58 0.681 0 90.Ordinary Shares ii).Total value of bonus shares issued 11.Non-Current Assets (A1+A3+A5+A6+A7) B.51 0.920 13.Retention in business (F7-F8-F9) 4.Cost of sales i).815 70.283 0 - 395.555 42.157 40.Depreciation for the year 5.000 0 17.85 2.Selling & distribution expenses ii).Other non-current liabilities 0 0 48.63 1.000 0 18.000 40.03 0.40 13.699 40.Total capital employed (E+D) 2.331 45.620 77.762 1 771.894 0 0 0 0 18.Cost of goods sold to sales (F2 as % of F1) 7.Reserves i).

827 532 499.097 1.516.Sales i).Long term investments 7.628 2./share) (E/No.892 911.286.070 3.701.128.498) 7.55 0.800 2.441 338.000 0 96.207 73.385 1.459 2.036 1.211.935 2.129 264.78 2.26 2.536 117.489.181 264.092.487 202.495.599 470.917 192.569 405.516 89.95 81.209 124.059 0 0 363.05 3.92 3.611.Trade Debt as % of sales (B3 as % of F1) 4.Other current assets C.599.671 560.60 10.435.529) 8.015 148.726 7.Other current liabilities D.206 1.04 7.966 524.343.615 16.857) 1.17 1.Issued.569 (699.762 1.03 0.23 6.583 103.Operation: 1.288 2.487 3.Non-Current Assets (A1+A3+A5+A6+A7) 1.Gross Profit 4.409) 22.048.Debentures/TFCs 4.423 5.08 78.306.424 115.642 974.715 2.23 44.180 258 0 209.Other non-current liabilities E.307 238.655.Miscellaneous 1.299 4.820 3.994 386.Selling & distribution expenses ii).981 (62.998 (79.191 1.588) 2.129 264.Return on assets [F7 as % of avg.25 4.117.659.692 264.69 7.375 166.01 7.656 1.917 458. of Ord.585 786.017 710.605 2.084 3.161 1.110. of Ord.642 0 883.Total capital employed (E+D) 2. wages and employee benefits 6.466 1.40 9.103 2.35 1.739 1.628 5.560.549 4.Shareholders Equity (E1+E2+E3) 1.397 216.801.Other input cost 3.098.Capital Reserve ii).580 150.83 84.49 Items 3.285 563.479 2.014 6.780 606 577.92 5.859 514.679.733.580.737 1.796 2.43 2.29 3.23 8.115 676.821 3.971 137.Cost of material ii).412 494.09 16. E) 10.931.38 2.974 28.07 21.923 4.350 0 61.056 687.022 427.981 1.783 1.Net profit margin (F7 as % of F1) 15.Operating cash flow to debt ratio [F11 to (C+D)] 16.350 12.959 434.258 437.921 364.83 17.327.51 1.129 0 141.721.149.433.986 1.563 314.858.124 4.508 805.000.263 585.100 0 75.Reserves i).26 4.150.513 2.(A+B)] 9.708 - 3.437 210.53 29.53 2.134.Short term investments 5.896 535 0 215.478.412 380.Total fixed liabilities (D1+D3) 3.156.10 -26.337 689.867.Assets turnover ratio [F1 to (A+B)] 5.11 1.908 2.350.328.94 14.355.00 -3.195.084 115.77 2. shares] 17. G1) 11.066 943 3.664 1.616.480.129 0 933.028.39 1.Current ratio (B to C) 6.358 2.361.565 2.441 111.400.654.129 264.022 81.40 9.378.755 524.Cost of goods sold to sales (F2 as % of F1) 7.847.456 761.838 157.872.616.132 66.964 4.Contractual Liabilities (G2+C1) H.082.276 (691.Earning per share after tax (Rs.170.024 0 (101.Acid test or quick ratio[(B1+B3+B4) to C] 2.019 132.Capital work in progress 2.184.671 429.89 120 .010 775.84 0.19 3.129 0 1.571.016 2.026 8.Employees benefit obligations 5.Financial Statement Analysis of Non Financial Sector 2013 Saif Textile Mills Ltd.Depreciation for the year 5.34 0.600 0 34.949 222.77 0.452 3.708 1.646 1.Cost of sales i).911 264.01 -16.104 1.203 0 1.98 0.756 2.957 2.910.Trade Debt 4.Administrative and other expenses 5.Dividend cover ratio [(F7-F8) to F9] 12.768 440.Current Liabilities (C1+C2) 1.83 97.478.745 10.465.Total amount of dividend 10.Preference shares 2.28 8.035 585.194.Export Sales (Net) 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Financial expenses of which: (i) Interest expenses 7.923 0 0 (220.01 2.214 372.114 617.628 1.220 1.136 2.538 2.981 25.992 1.866 1.18 2.614 52. administrative and other expenses i).04 -18.89 7.773 883.412 163.59 16.129 0 53.25 14.Inventory Turnover Ratio (F1 to B2) 13.87 -7.29 19.667 274.91 65.886.00 33.74 0.042.992 112.889.790 110.792 12.051.Debt equity ratio [(C+D) to E] 8.370 2.02 85.Financial expenses as % of sales (F6 as % of F1) 3.Tax expense (current year) 9.214.393 689 0 194.348.055.465 1.95 3.84 5.170.Short term Secured loans 2.382 264.15 5.85 -1.86 0.129 0 761.443 159.032 0 369.268 2.220 6.328 4.081.Other non-current assets B.99 1.612 956.069 2.705 3.086 276.General.528.Net profit before tax 8.Revenue Reserve 3.111.76 4.324.374 563.917 2.20 0.05 0.Operating fixed assets after deducting accumulated depreciation 4.91 4.49 18.696 228.604 719.Long term secured loans 2.727.743 0 52.923 910 2.Return on capital employed ( F7 as % of avg.900 167 0 200.694.56 11.185.285 2.02 1.239 4.129 264.27 50.Intangible assets 6.996 115.282 229.173 10.346.68 -93.100 0 44.Key Performance Indicators 1.391 5.578.077 1.899 115.786.599 59.133.178 105.24 1.101 21.900 1.767 2.200.762 175.845.789 264.28 5.277.36 19.689 805.Current Assets (B1+B2+B3+B4+B5) 1.400 1.563 210./share) [(F7-F8)/No.612 2.164 941 0 201.Retention in business (F7-F8-F9) 4.93 0.737 6.820 13.499 167.981 818.426 5.918 171.100 259.392 961 1.121 249.745 6.28 0.41 -1.936 2.428.83 -34.729.422 24.746 317.031 277.825.645 346.854.402 1.178 3.686.642.387.086.Total value of bonus shares issued 11.13 4.946 13.897) 182.205 3.696.62 5.Salaries.363. Subscribed & Paid up capital i).011 157.952 115.466 215.080 1.Return of equity (F7 as % of avg.125.826 0 1.416 3.025 0.253 - F.Long term unsecured loans 3.44 -1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.721 206.228 264.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 2. shares) - - - 4.479.807 1. A.153 2.Inventories 3.646 2.86 0.897 1.20 3.415.86 90.048 155.240.208.564 2.97 0.659.Cash & bank balance 2.368.92 88.440 7.275 2.283 385.Operating fixed assets at cost 3.Break-up value shares (Rs.508 1.129 264.99 -4.22 -0.032.Ordinary Shares ii).Local sales (Net) ii).382.645.528 1.765 740.613 616.206 685.46 0.599.131 172.990 4.372 1.826 0 952.795 1.981 645.129 0 710.264 157.93 1.448 0 0 G.385 197.86 36.468 382.70 0.369 251.97 0.459 307.483.29 23.129 264.786 1.025 2.354 3.654 2.Cash flows from operations 4.

922 122.Current Liabilities (C1+C2) 1.Preference shares 2.Operating fixed assets after deducting accumulated depreciation 4.024 14.39 -153.817) 12 (95.01 9.57 17.018 212.852 302.Gross Profit 4.745 31.250 4.337 5.874 392.478 379.99 -26.108 20.Long term secured loans 2.018 1.928 36.266 0 36.891 3.39 0.944 170./share) (E/No.72 0.884) 1.Current Assets (B1+B2+B3+B4+B5) 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 392.451 169.Selling & distribution expenses ii).32 0.013 69.510 0 (361) 0 543.869 (72.764 7.Break-up value shares (Rs.04 0.749 80.678 0 (163.928 1.62 9.64 8.960 0 653.570) 129.054 212.955 260./share) [(F7-F8)/No.829) 166.843 414.Current ratio (B to C) 6.208 397.434 14.392 35.Financial Statement Analysis of Non Financial Sector 2013 Sajjad Textile Mills Ltd.338 32.324 (23.189 235.815 182.150 415 0 77.374 0 199.369 64.83 -34.00 -0.Shareholders Equity (E1+E2+E3) 1.30 121 -1.58 .678 212.122) 9 (151.676 191.692 0 428 20.Other current assets C.549 157 8.527 0 180.(A+B)] 9.324 0 23.143 484.380) 3 (241.749 0 185.108 376.141 212.075 17 21.383) 71.51 13.Cash & bank balance 2.418 20.592 167.21 0.651 35.69 7. E) 10.Financial expenses as % of sales (F6 as % of F1) 3.85 9. Subscribed & Paid up capital i).893 145.Financial expenses of which: (i) Interest expenses 7.34 0.18 -14.93 0.69 26.185 0 68.566 0 75 0 43.46 6.Debt equity ratio [(C+D) to E] 8.62 1.487 572.Long term investments 7.959 16.41 1.81 -0.767 0 (64.499 (70.83 1.369 105.58 1.Other non-current assets B.616 283.General.376 - 301.796 403.398) 224.313 1.02 -10.008 16.030 685.158 3.91 0.179 4.764 80.828 156.607 0 197.038 16.679 2.Employees benefit obligations 5.Operating fixed assets at cost 3.309 127.64 11.97 0.856 232.443 5.481 638.941 110.935 0 211.36 16.50 1.Total value of bonus shares issued 11.825) 179.31 Items 653.156 77.512 28.25 34.93 0.850) 3.Key Performance Indicators 1.Capital work in progress 2.189 0 46.161 390.678 0 (157. of Ord.Cost of sales i).Non-Current Assets (A1+A3+A5+A6+A7) 1.Assets turnover ratio [F1 to (A+B)] 5.05 2.977 0 28.98 1.950 234.76 0.Cost of material ii).54 0.324) 17.35 0.078 (60.134 17. administrative and other expenses i).Tax expense (current year) 9.980 0 0 (9.Export Sales (Net) 2.278 69.591 179.Return on capital employed ( F7 as % of avg.61 1.131 211.678 212.237 188.618 4.245 (4.08 101.728 10.40 2. G1) 11.Miscellaneous 1.Retention in business (F7-F8-F9) 4.238 112.04 3.34 0.57 0.381 1.Cash flows from operations 789.Local sales (Net) ii).19 0.376 8.31 93. shares) 6.531 40.372) 36.71 0.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.03 0.510 35.Inventories 3.Ordinary Shares ii).Earning per share after tax (Rs.955 167.818 0 0 11.45 -63.002 0 0 0 23.Return on assets [F7 as % of avg.209 9.398 0 37.03 -0.Dividend cover ratio [(F7-F8) to F9] 12.08 3.Other non-current liabilities E.560 29.Intangible assets 6.516 292 0 2.531 31.647 185.814 0 414.174 386.855 28.Contractual Liabilities (G2+C1) H.678 0 (151.40 - - 0.407 0 423.13 3.514 0 0 29.226 0 0.709 0 0 11. of Ord.Depreciation for the year 5.506 225.692 0 177 23.73 5.644 0 (219) 0 415.527 189.95 0.749 49.575 212.634 0 18.141 8.02 8.Sales i).316 212.944 174.337 0 17.019 452.56 98.26 18.05 1.Inventory Turnover Ratio (F1 to B2) 13.Total fixed liabilities (D1+D3) 3.39 95. A.678 0 (150.49 -23.002 0 415.43 0.Operation: 1.814 1.026 212.432 195 0 11.437 0 261 12.642) 307.723 403.112 45.55 0.54 84. wages and employee benefits 6.570) 0 (150.894 28.368 258.856 0 80.824 179.111 231.975 0 0 G.Operating cash flow to debt ratio [F11 to (C+D)] 16.44 0.678 212.350 18.693 0 211.347 17.678 212.Trade Debt 4.Long term unsecured loans 3.106 15.141 10.483 193.00 - - 6.151 69.26 5.Other input cost 3.46 0.42 5.14 1.454 688 13.761 1.896) 125.Other current liabilities D.40 1.61 65. shares] 17.75 2.38 -7.310 441.Debentures/TFCs 4.026 0 28.220) 189.496 354.93 -0.833 305.768 0 646 8 16.766 39.Short term Secured loans 2.221 200.951 212.Administrative and other expenses 5.193 F.Net profit before tax 8.660) - 498.Net profit margin (F7 as % of F1) 15.Cost of goods sold to sales (F2 as % of F1) 7.318 19.Revenue Reserve 3.410 131.838 97 0 11.150 0 0 14 15.008 217.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.00 0.985 23.678 212.698 0 414.08 -3.759 31.369 17.Total amount of dividend 10.Total capital employed (E+D) 2.019 4.778 287.Short term investments 5.692 823 47.678 0 (95.690 0 77.854 1.Trade Debt as % of sales (B3 as % of F1) 4.Capital Reserve ii).45 8.131) 121.611 123.01 8.26 0.869 91.074 5.85 1.71 13.070 10.001 1.184 32.888) 8 (157.Acid test or quick ratio[(B1+B3+B4) to C] 2.004 374.040 0 0 (370) 807.Return of equity (F7 as % of avg.10 5.678 212.Salaries.678 0 (241.002 0 0 0 (30.00 -3.Reserves i).32 0.346 46.Issued.479 778.

Other non-current assets 144.Non-Current Assets (A1+A3+A5+A6+A7) 1.Current ratio (B to C) 6.25 - - - - - - 0.977 0 66.00 0.01 0.Surplus on revaluation of fixed assets 0 18.Earning per share after tax (Rs.001 0 1.Depreciation for the year 5.Inventories 3.48 2.127 726 0 0 496 415 8 0 0 0 407 67.453 24.07 47.153 27.306 553 0 0 497 412 5 0 0 0 407 70. shares) - - - - - - 5.00 -0.Cost of material ii).971 26.453 0 1.Trade Debt 4.865 18.186 0 (45.971 26.733 0 69.018 39.420) 39.290) 0 0 0 0 0 0 0 1.349 0 30.58 -4.00 - - - - - 0.803 0 30.416 6.865 5.453 0 1.Cost of goods sold to sales (F2 as % of F1) 7.356 0 30.018 39.383 144 0 0 (1.00 0.Trade Debt as % of sales (B3 as % of F1) 4.733 5.92 0.Retention in business (F7-F8-F9) 4.Employees benefit obligations 5.416 6.153 4.378) 0 (1.453 - - 5.Export Sales (Net) 2.93 -1.87 -1.Administrative and other expenses 5.Financial Statement Analysis of Non Financial Sector 2013 Saleem Denim Industries Ltd.977 6.00 0.018 39.Contractual Liabilities (G2+C1) H. of Ord.General.001) - - 3 0 (40.06 -1.26 -12.453 0 1.165 0 1.(A+B)] 9.865 0 187.147 65.383 0 1.Net profit margin (F7 as % of F1) 15.453 - - (49.989) 551 0 0 0 0 0 0 0 1.13 Items A.Debt equity ratio [(C+D) to E] 8.390 0 187./share) (E/No.Short term investments 5.44 1.648) - (Thousand Rupees) 2012 2013 25.Key Performance Indicators 1.00 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.018 0 (85.639 0 5.290) 0 (44.00 0.586) 0 (86.258 (39.08 3.50 -1.Current Liabilities (C1+C2) 1.Inventory Turnover Ratio (F1 to B2) 13.586) 0 (86.35 -11.Total capital employed (E+D) 2.287 144 3 0 (1.Dividend cover ratio [(F7-F8) to F9] 12.586) 551 - 0 0 0 0 0 0 0 1.Operating fixed assets at cost 3.018 0 (23.61 561.Operating cash flow to debt ratio [F11 to (C+D)] 16.Tax expense (current year) 9.00 -0.186 0 (47.370 39.018 39.00 -0.853 1.001 144 0 0 (1.Net profit before tax 8.165) 0 (40.Operation: 1.Cash & bank balance 2.67 0.165 0 1.01 F.Preference shares 2.Assets turnover ratio [F1 to (A+B)] 5.25 2.971 26.Long term unsecured loans 3.05 0.Acid test or quick ratio[(B1+B3+B4) to C] 2.001) 0 0.Return on assets [F7 as % of avg.19 9.608 12.61 -2.Long term investments 7.165) 0 (43.00 0.971 24.220.639 0 5.014 0 0 496 415 8 0 0 0 407 66. administrative and other expenses i).017) 39.989) - - (88.Capital work in progress 2.Revenue Reserve 3. 2008 2009 2010 2011 90.706 0 8.859 605 0 0 497 412 5 0 0 0 407 69.213) 0 (1.Ordinary Shares ii).00 0.93 2.Shareholders Equity (E1+E2+E3) 1.127 726 0 0 496 415 8 0 0 0 407 67.Total fixed liabilities (D1+D3) 3.020 15.Local sales (Net) ii).360 18 5.50 -3.165) 0 0 0 0 0 0 0 0 0 0 0 1.94 0.186 0 (47.75 0.Short term Secured loans 2.31 2.89 2.Return on capital employed ( F7 as % of avg.Return of equity (F7 as % of avg. Subscribed & Paid up capital i).01 0.988) (89.586) 551 26.05 0.421) 0 (85. E) 10.018 39.Capital Reserve ii).165 144 0 0 (1.608 0 0 0 G.018 0 (86.988) 551 (89.Total value of bonus shares issued 11.195 0 0 3.Financial expenses of which: (i) Interest expenses 7.378) 0 (1.783 0 0 0 0 0 0 0 1.00 122 .017) 39.971 24.Reserves i).Cost of sales i).01 2.30 -12.165 144 0 0 (1.89 -1.258 52.Cash flows from operations 0 0 0 0 0 5.967) 0 (1.623 0 30.Salaries.00 0./share) [(F7-F8)/No.383) 0 0.623 0 30.419) 39.018 (50.287 0 1.Gross Profit 4.00 0. of Ord.68 3.020 B.33 -12.00 0.Break-up value shares (Rs.Debentures/TFCs 4.00 48. wages and employee benefits 6.Other input cost 3.421) 551 26.108 90.Issued. shares] 17.123 12.00 -0. G1) 11.Sales i).018 - - (88.416 0 67.Financial expenses as % of sales (F6 as % of F1) 3.41 190.52 -4.Other current liabilities D.Other non-current liabilities E.01 0.30 -12.58 -4.182 5.852) 39.165) 0 0 0 0 33.416 0 67.02 -0.453 5.Selling & distribution expenses ii).Other current assets C.01 0.018 0 (86.Operating fixed assets after deducting accumulated depreciation 4.51 2.Long term secured loans 2.Current Assets (B1+B2+B3+B4+B5) 1.182 0 70.383) 0 0 0 1.639 0 5.Miscellaneous 1.Total amount of dividend 10.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Intangible assets 6.018 39.00 0.966) 0 (1.

41 346.491.056 1.083 173.793 49.979.661 328.490.228 812.Long term investments 7.Break-up value shares (Rs.660 2.02 0.618 76.950 248.196 60.095 568.60 4.150 145.683 1. wages and employee benefits 6. E) 10.466 658.446 33.Long term unsecured loans 3.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.521 33.Operating fixed assets after deducting accumulated depreciation 4.282 574.731.927.152 634.18 0.285 1.140.Revenue Reserve 3. of Ord.809 2.155.774 1.615 81.483 1.Other non-current assets B.100 233.31 1.356 834.23 4.Debentures/TFCs 4.044 485.Return on assets [F7 as % of avg.120 322.691 63.98 0.93 4.09 98.664 700.Selling & distribution expenses ii).846 33.121 56.Total fixed liabilities (D1+D3) 3. shares] 17.872 0 6.96 1.00 1.848.361 993.Key Performance Indicators 1.426 187.305 135.Other current assets C.Dividend cover ratio [(F7-F8) to F9] 12.Depreciation for the year 5.634 46.287 1.Current ratio (B to C) 6.Other non-current liabilities E.692 1.06 80.499 96.693 1.395 623.130 701.Cost of material ii).Miscellaneous 1.029.407 735.580 411.Long term secured loans 2.579 0 116.62 1.501 4.871 574.369 287.985 1.956 2.995 1.367.097.125.377 178.Acid test or quick ratio[(B1+B3+B4) to C] 2.821 53.736 319.Capital work in progress 2.338 (241.577.892 0 131.Capital Reserve ii).21 13.Export Sales (Net) 2.176 619 993.023 2.995.125.463 798.426 0 850.67 -7.Operation: 1.727 296 613.Salaries.059 750.08 0.426 33.29 0.289 755.558 0 394.158.606 226.241 887.579 123.881 140.Return of equity (F7 as % of avg.158 834.297 25.298.502.Shareholders Equity (E1+E2+E3) 1.493.309 626.546 0 61.Financial Statement Analysis of Non Financial Sector 2013 Salfi Textile Mills Ltd.Cost of goods sold to sales (F2 as % of F1) 7.396 3.Sales i).478 3.722 0 279.426 0 982.152.334.211 294 1.276 258.Total value of bonus shares issued 11.024 5.879 1.Current Liabilities (C1+C2) 1.505.562 845.Non-Current Assets (A1+A3+A5+A6+A7) 1.52 4.736 101.22 0.672 (22.Employees benefit obligations 5.095 2.76 13.22 6.133.029 389.530 184.961.708 3.83 6.526 138.411 33.368 142.256 257.537.836 1.230 1.967 578.925 5.Financial expenses as % of sales (F6 as % of F1) 3.528 78.297 253.01 1.Net profit margin (F7 as % of F1) 15.812 121.396 92.(A+B)] 9.01 Items 1.446 2.24 11.925.320 1.443 164.86 10.867 1.664 5.685 0 (155.721 204.50 6.62 0.782 2. A.Tax expense (current year) 9.11 1.785 154.348.144 1.Issued.362.39 627.01 98.172.59 123 .78 596./share) (E/No.470 45.678) 5.764 0 454.171 2.976 8.593 31.942.01 10.19 3.235 1.47 6.462 19.426 0 313.45 4.426 0 663.Short term Secured loans 2. G1) 11.150 2.995 65.950 176.000 0 36.689.427.16 8./share) [(F7-F8)/No.07 1.Other current liabilities D. Subscribed & Paid up capital i).54 0.795 259.359 0 0 (33.379.Local sales (Net) ii).306 634.289 258.459 1.Debt equity ratio [(C+D) to E] 8.881 207.34 0.011.615 66.220.Total amount of dividend 10.946 3.Cost of sales i).366 70.156 2.351 2.507.908.230 0 176.701 194.426 33.Retention in business (F7-F8-F9) 4.426 33.646.745 268.608.998 682.33 3.265 86.534 209.84 15.04 1.356 0 816.303 652.951.120 0 0 39.253 1.656 853.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.34 3.457 33.336.808.796 167.23 13.077 4.Preference shares 2.250 244.565 587.26 46.91 89.871 66.Net profit before tax 8.34 16.482 107.69 3.028 0 250.405 2.881 92.945 5.Intangible assets 6.Administrative and other expenses 5.877 10.615 2.426 0 (16.13 83.075 341.940) 3.89 13.088.63 0.653 136.Contractual Liabilities (G2+C1) H.Earning per share after tax (Rs.400 287.972 213.11 2.69 -14.511 33.000 0 19.195 0.02 -12.028 0 (21.Operating cash flow to debt ratio [F11 to (C+D)] 16.70 86.535) 1.243.251 23.276 417 462 1.085 - F.615 383.053.426 33.Inventory Turnover Ratio (F1 to B2) 13.75 1.218 254.622.Short term investments 5.061 113.131 - 1.Cash flows from operations 1.087 2.918.386 0 0 G.995.150 (243.83 0.38 -0.059 826.421 265.Assets turnover ratio [F1 to (A+B)] 5.367 244.437 21.20 7.442.975 265.946 101.523 122.778.009 642.Inventories 3.992) 3.29 0.22 13.739 201.716 479.Trade Debt 4.400 2.11 7.550 2.086 2.143 10.Current Assets (B1+B2+B3+B4+B5) 1.426 33.86 350.12 446. of Ord.70 -0.456 78.631 1.106 3.027.350) 1.988 441.67 664.07 22.816 0 1.260.65 0.29 0.998.84 0.920 2.538.046 119.633 408.787 442.331 132.332 480.61 117.86 8.995 320.307 2.629 1.022 0 149.635 813.038 1.928 1.092 145.399 2.557 307.495) 1.794 117.Gross Profit 4.000 0 27.73 0.144.Reserves i).545.19 87.Cash & bank balance 2.080.925 841.310.02 -72.695.700 295.292 238.242.Operating fixed assets at cost 3.190 775.59 0.23 8.664 2.00 4.Ordinary Shares ii).834 463 1.383 1.441 84.19 39.741 0 14.Trade Debt as % of sales (B3 as % of F1) 4.Total capital employed (E+D) 2.89 19.97 8.668 2.518 33.58 0.422.970 0 78.365 612.366 2.406 856.160.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.12 1.94 3.980.839 1.083 435.523 75.969.74 4.604 3.513 1.056 216.01 32.591 48.993 1.General. shares) - - 2.Other input cost 3.82 49.565 247.18 -0.334.640.187 1.19 1.873 150.506 441.049.83 30.39 2.480 59.655.930 146.286. administrative and other expenses i).025 107.513 2.207.83 1.187 5.177) 2.095.667 0 22.905 2.015.413 47.55 82.Financial expenses of which: (i) Interest expenses 7.94 2.85 12.426 33.Return on capital employed ( F7 as % of avg.194 1.82 12.426 0 1.757 798.52 -20.589 18.294 10.918.

584 (82.875 0 0 137.964 75.407 73.69 1.750 0 78.Capital work in progress 2.95 89.815 20.739 149.82 14.36 0.Intangible assets 6.16 Items 872.Cost of goods sold to sales (F2 as % of F1) 7.513 119.02 0.646.Employees benefit obligations 5.58 85.788 49.Earning per share after tax (Rs.984 734.Ordinary Shares ii).750 0 123.38 1.Short term Secured loans 2.08 25.213 217.750 0 (139.546 357.992 180.268 119.158) 0 (65.General.264 26.318 280.485 800.055 159.659 58.Total value of bonus shares issued 11.00 -7.22 163.Operating fixed assets after deducting accumulated depreciation 4.786 0 128.Operating cash flow to debt ratio [F11 to (C+D)] 16.775 0 147.646.018 28.68 17.831 998.30 3.27 23.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 545.61 96.265 1.006.26 0.Debentures/TFCs 4.08 8.703 1.842.60 3.745 61.14 1.429 327.104 491.104 141.441 262.156.750 87.441 265.37 1.44 2.229 42.801 27.409 11.750 87.72 89./share) (E/No.635 538.184 1.439 1.370 994. E) 10.930.976 26.213 113.086 67.973 39.630 572.Other current liabilities D.007 277.75 0.007 0 123.380 352.516) 203.63 -6.489 774.293 61.849 477.446 396.359 783.023 48.744 0 49.612 509.010 244.16 15.384 0 0 G.250 0 116.892 17.87 7.Reserves i).48 -22.044 248.488 260.010 455.Trade Debt 4.161 0 43.082 64.Revenue Reserve 3.00 0.Operation: 1.736.465 87.550 0 193.Issued.350 812.Depreciation for the year 5.533 51.Operating fixed assets at cost 3.346 8.Dividend cover ratio [(F7-F8) to F9] 12.019.99 -9.Shareholders Equity (E1+E2+E3) 1.Capital Reserve ii).40 0.381 20.620 203.411 145.513 4.218.321 0 163.503 2.750 87.691 2.Current Assets (B1+B2+B3+B4+B5) 1.Total fixed liabilities (D1+D3) 3.92 1.Total capital employed (E+D) 2.826 83.737.086 18.211 2.Return on capital employed ( F7 as % of avg.Assets turnover ratio [F1 to (A+B)] 5.21 50.29 6.458 2.05 18.47 93.601) 623.73 0.36 0.83 2.Other current assets C.111.64 4. A.184 0 51.539 3.Other non-current assets B.882 49.385 196.750 87.669.821 2.083 241.Inventories 3.Contractual Liabilities (G2+C1) H.598 669.74 70.Long term secured loans 2.745. shares) - - 2.167 367.599 306.33 2.035 304.837 98.182.898 0 41.28 0.029.Gross Profit 4.61 .Administrative and other expenses 5.121 545.64 3.598 606.488.Acid test or quick ratio[(B1+B3+B4) to C] 2.161 76.083 7.883 0 0 10.694 16.13 0.817 443.97 1.114.458 1.158) - 265.Trade Debt as % of sales (B3 as % of F1) 4.Non-Current Assets (A1+A3+A5+A6+A7) 1.268 615.415 0 (102.165 301.578 20.21 5.Cash & bank balance 2.94 0.680 45.Inventory Turnover Ratio (F1 to B2) 13.847 0 87.Financial expenses of which: (i) Interest expenses 7.Break-up value shares (Rs.03 4. wages and employee benefits 6.913 62.83 37.832 83.255 35. of Ord.43 0.378 11.876.Long term unsecured loans 3.893 0 0 10.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.25 1.74 -5.87 47.976 87.516) 0 (139. G1) 11.421 1.755 53.240 317.27 41.079 12.581 443.822 13.020 4.456 375.270.Current ratio (B to C) 6.Preference shares 2.847 0 120.735 117./share) [(F7-F8)/No.94 10.093 995.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Sales i).68 5.Other non-current liabilities E.750 0 (278.219 1.Net profit margin (F7 as % of F1) 15.163.203 44.011.48 -11.991 0 83.Salaries.345 528.247 554.40 0.91 0.54 2.44 -2.Current Liabilities (C1+C2) 1.318) 0 (278.989 65.837 28.248 0 0 0 103.960 1.998 256.Cost of material ii).Short term investments 5.11 13.236 151.625 128. administrative and other expenses i).90 55.930 71.607.93 4.452 0 100.792 939.29 0.Retention in business (F7-F8-F9) 4. Subscribed & Paid up capital i).847 554.204 12.45 0.750 87.743 47.Return of equity (F7 as % of avg.20 -6.248 656.81 91.483.44 97.502 39.968 8.250 (198.507 1.024.064 24.623 0 86.771 48.861 398.648 159.253 175.07 3.078 4.929 622.Financial expenses as % of sales (F6 as % of F1) 3.228 87.75 602.Financial Statement Analysis of Non Financial Sector 2013 Sally Textile Mills Ltd.12 7.290 25.995 108.004 0 893.112 26.301 187.887.Miscellaneous 1.14 2.747 487.29 50.220 28.879 1.135 0 0 11. of Ord.(A+B)] 9.223 155.036 26.49 1.678 0 43.109 116.035.24 0.751 775.772 30.764 38.54 7.61 124 6.276.271 391.81 0.282 1.180 12.973 45.275 1.750 87.Selling & distribution expenses ii).619 2.437 0 44.078 3.976 550.338 716.936 (60.336 615.882 97.388 0 88.17 5.157 1.994 14.318) 87.566 1.538.64 4.826 2.383 0 486.259 5.Debt equity ratio [(C+D) to E] 8.Key Performance Indicators 1.625 69.Total amount of dividend 10.Return on assets [F7 as % of avg.03 3.050.89 20.763 15.833 489.648 2.455 845.125 2.25 7.786 0 0 11.194 515.929 219.Cash flows from operations 1.667 54.71 1.231 861.14 15.69 8. shares] 17.994) 87.Local sales (Net) ii).677 87.170 0 144.769 0 86.333.759 589.89 15.96 13.952 59.750 0 (286.574 758.043 105.385 0 78.108 39.Tax expense (current year) 9.Net profit before tax 8.244 757.Other input cost 3.41 6.814 309.408) 87.77 33.733 2.101 1.891 36.213 623.14 3.756 16.Cost of sales i).377 1.15 1.750 - 1.217) 5.647 2.619 1.486 F.484 840.354 51.Export Sales (Net) 2.546 0.350 825.65 2.973 0 0 10.133 431.543 447.854 59.Long term investments 7.422 362.10 0.70 4.271 256.07 0.

932 67.841.62 1.70 73.324 35.14 2.22 5.Capital Reserve ii).150) 0 0 0 (6.502 259.760 39.377 0 71.352) 269.855) 1.974 28.Assets turnover ratio [F1 to (A+B)] 5.284.186.69 0.Operating fixed assets at cost 3.Total amount of dividend 10./share) (E/No.43 4.85 -3.721 617.155 290.830 610.Debentures/TFCs 4.33 1.31 0.841.186.46 -0. of Ord.851 1.707 28.38 3.377 7.838 184.09 6.16 5.742 1.800 135. A.71 0.692 - 806.Cash flows from operations 584.Break-up value shares (Rs.706 5.784 653.760 39.Employees benefit obligations 5.386 11.384 782.170 25.844 4.59 -9.189 1.715 154.918 348.749 0 107.79 -0.587 782.830 27.Long term investments 7.577) 1.943 86.30 Items 770.47 60.803 360.670 44.56 3.Shareholders Equity (E1+E2+E3) 1.569.51 0.975 17.99 102.14 6.73 67.Long term secured loans 2.845 64.Return on assets [F7 as % of avg.02 0.Other input cost 3.26 0.Administrative and other expenses 5.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Tax expense (current year) 9.784 19.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 608.62 2.355 (10.087) 6.826 272.Export Sales (Net) 2.Other non-current assets B.920 608.756) 324.028 409.78 2.09 4. of Ord.38 -0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.90 90.194 633.902 22.824 0 563.65 -36.514) 20.44 2. wages and employee benefits 6.Capital work in progress 2.00 0.997 2.946 69.844 90.561 181.975 89.976 58.308) 1.115 (122.Operating cash flow to debt ratio [F11 to (C+D)] 16.393 0 846.912 203.091 190.Operating fixed assets after deducting accumulated depreciation 4.966 14.Preference shares 2.978 1.819 1.226. shares] 17.357 398.605 150.170 22.235 14.633 68.248 5.417 322.313 225.715 26.741 44.830 82.078 107.24 0.694 263.556 190.Issued.921 (82.78 -0.942 0.36 -1.Short term investments 5.438 21.Short term Secured loans 2.832 738.Cash & bank balance 2.670 (41.88 4.058 43.721) 0 0 0 (20.196 250 50.999 173.965 642.00 -0.Other current liabilities D.848 34.592 94.35 1.415 263.Retention in business (F7-F8-F9) 4.352) 0 (41.085. G1) 11.Current ratio (B to C) 6.Trade Debt as % of sales (B3 as % of F1) 4.Earning per share after tax (Rs.088 451.57 6.38 0.84 -0.14 -3.721) 363.78 0.906 279.Total value of bonus shares issued 11.Revenue Reserve 3.292 212.Contractual Liabilities (G2+C1) H.64 2.00 92.500 0 0 14.36 3.Net profit margin (F7 as % of F1) 15.235 11.260 384.766 53.824 584.748 0 76.82 0.282 45.67 0.Ordinary Shares ii).958 644.940 1.Current Assets (B1+B2+B3+B4+B5) 1.80 1.347 345.915 351.666 35.Total capital employed (E+D) 2.09 -10.99 4.417 29.760 0 54.082 782.756) (41.106 19.66 65.417 168.413.393 868.520 247.707 114.42 0.60 -16.309 409.Sales i).789 1.118 99.Inventories 3. E) 10.33 -13.906 0 76.760 0 37.247 107.27 71.228 1.12 0.228 0 1.929 282.142 268.223 0 1.04 125 .84 1.520 753.85 1.943 (16.934 0 1.760 0 242.937 0 861.Cost of sales i).044 - 868.602 627 27.Gross Profit 4.97 1.174 41.757 0 15.618 106.21 7.760 39.362 0 0 14.572 225.448 0 0 (131.961 66.533. administrative and other expenses i).175 268.Debt equity ratio [(C+D) to E] 8.134 66.057 0 0 7.37 0.156 0 1.452 39.667 258.18 13.150) 418./share) [(F7-F8)/No.928 1.514 286.718 144.Reserves i).072.393 855.932 0 12.189 0 1.158 93.375 289.089 36.91 1.38 8.258 66.602 0 67.533.929 0 322.502 174.Return on capital employed ( F7 as % of avg.Salaries.471 7.645 364.670 44.17 2.Other current assets C.11 3.22 4.998 160.921 19.362 44.819 159.381 0 1.55 1.335 117.922 (74.Financial Statement Analysis of Non Financial Sector 2013 Salman Noman Enterprises Ltd.General.561 0 37.263 112.84 95.810 19.49 0.905 799.438 172.Non-Current Assets (A1+A3+A5+A6+A7) 1.96 0.752 192.68 -30.288 327.670 0 (41.324 0 0 17.18 10.Financial expenses of which: (i) Interest expenses 7.957 58.Depreciation for the year 5.385 0 105.485 72.278 39.278 0 0 11.048 68.97 4.615 348.778 79.794 19.502 0 54.99 93.199 51.Dividend cover ratio [(F7-F8) to F9] 12. shares) - - - - - - 6.017 0 9.599 70.993 21.711.Total fixed liabilities (D1+D3) 3.91 -0.Current Liabilities (C1+C2) 1.385 308.Cost of material ii).Other non-current liabilities E.592 24.223 1.735 (82.09 5.93 1.210 767.Operation: 1.127 0 1.581 51.(A+B)] 9.21 5.772 627.239 31. Subscribed & Paid up capital i).535) 503.Financial expenses as % of sales (F6 as % of F1) 3.Net profit before tax 8.Acid test or quick ratio[(B1+B3+B4) to C] 2.952 151.682 297.436 83.748 41.334 18.01 -20.395 (36.Miscellaneous 1.Trade Debt 4.840 1.Selling & distribution expenses ii).48 -9.284.837 6.Intangible assets 6.284) 605.03 0.616 802.090.86 -8.261 83.772 355.34 1.787 474.Inventory Turnover Ratio (F1 to B2) 13.914 476.618 (122.623 17.46 1.181 159.204.02 -27.409 0 2.906 0 876.430 749.098 224.786 277.190 0 81.Key Performance Indicators 1.762 0 0 G.623 0 17.409 238.14 5.975 269.33 2.285 0 96.646 39.74 0.401 130.Local sales (Net) ii).185 447.85 97.827 F.Long term unsecured loans 3.224.988 85.182 19.83 -0.762 238.083 1.Cost of goods sold to sales (F2 as % of F1) 7.789 0 1.Return of equity (F7 as % of avg.98 96.345 0 186.

776 2.437.000.53 -0.595 133.723 84.304 1.43 90.55 98.05 -2.208 10.535 855.869 108. shares) - - - - - - 5.759 1.50 7.468) 751.280 0 1.04 -0.100 22.745 (98.196 851.Cost of material ii).186 111.898 10.12 0.Preference shares 2.99 0.038 0 1.784 (11.109 372.23 6.22 -5.45 1.198 2.547) 15.73 78.Current ratio (B to C) 6.632 1.450 121.439.468 345.27 -0.130 164.152 1.556 (29.692 264.642 1.805.Return of equity (F7 as % of avg.73 -8.01 8.227 1.591 0 0 (24.235) 9.07 -5.221.406 710.640 0 662.439 2.056 0 0 46.336 140.318.Inventory Turnover Ratio (F1 to B2) 13.810.062.844 12.Current Assets (B1+B2+B3+B4+B5) 1.166 743.204.352 (13.Other current assets C.280 0 704.Long term unsecured loans 3.588.68 92.49 1.60 -1.280 267.Trade Debt as % of sales (B3 as % of F1) 4.43 7.365 678.150 7.640 133.06 0.412 0 1.424 60.352 10.829 261.47 0.75 -0.130) 5.497 1.337 439.882 3.558 1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.105 941. shares] 17.45 0.722 0 382.480 725.487 10.032.72 4.47 7.983 2.Inventories 3.125 731.632 1.722 631.Reserves i).76 -0.Ordinary Shares ii).412 0 1.14 -5.150 9.170 49.Dividend cover ratio [(F7-F8) to F9] 12.221 118.626 638.444 1.987 19.Cost of goods sold to sales (F2 as % of F1) 7.37 2.Long term investments 7.280 267.412 0 1.640 0 470.Return on assets [F7 as % of avg.280 267.533.Export Sales (Net) 2.438 836.801) 2.008.607 133.791 (69.880 139.Contractual Liabilities (G2+C1) H.04 0.21 62.20 8.197. E) 10.85 1.702 39.Selling & distribution expenses ii).078.708 2.78 47.80 1.367 126.267.112 41.730 (253.27 -3.308 (13./share) [(F7-F8)/No.653 141.93 7.533 59.471 0 1.286 117.896) 283.612 159.974 306. G1) 11.781 739.404 830.434.Long term secured loans 2.489 475.667 828.452 382.52 -6.79 1.709.157 1.36 1.Capital Reserve ii).065 132.258 270.431 4.586 352.009.018 0 0 (133.08 5.Other current liabilities D.575 247.Operation: 1.Intangible assets 6.111.090 1.664 (141.484 94.562 368.Shareholders Equity (E1+E2+E3) 1.166.587 56.642 827.691 846.051) 3.350 562.278.81 6.946 91.769.Salaries.470 1.62 1.008 101.776 59.312 68.745 1.154 54.69 96.528 43.201 86.153.73 0.920 61.236.372.556 133.81 -7.531 1.Cost of sales i).Net profit margin (F7 as % of F1) 15.096.Total capital employed (E+D) 2.361 62.74 1. A.32 -9.Non-Current Assets (A1+A3+A5+A6+A7) 1.291) 769.Short term Secured loans 2.440 2.Other non-current liabilities E.Revenue Reserve 3.68 Items 1.448 81.72 7.482 1.777 862.474.273 59.565.69 -2.07 37.043 38.733 2.23 5.960 1.Total value of bonus shares issued 11.185 134.210 125.660 81.998 16.072 0 1.Financial expenses of which: (i) Interest expenses 7.General.173 1.766 47. Subscribed & Paid up capital i).326 389 2.798 (126.246 364.Issued.451 541.640 0 921.225 201.977 241.Other non-current assets B.64 6.55 5.Break-up value shares (Rs.Local sales (Net) ii).394) 296.071 267. administrative and other expenses i).59 1.601 132.749 714.736 4.186 835.324 1.151 418.844 2.081) 691.783 1.785 0 (23.055.124.696 47.146.100 1.889 0 1.348.Assets turnover ratio [F1 to (A+B)] 5.111 2.938 0.45 -4.393 1.577 786.351 0 470.178 1.136 918.865 2.672 8.Total fixed liabilities (D1+D3) 3.391) 1.351 224.216 1.57 -1.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 678.19 4.716.96 1.484 942.249 786.921 0 0 (69.389 1.052 122.Financial expenses as % of sales (F6 as % of F1) 3.688 121.790.Capital work in progress 2.310 1.Sales i).00 -1.920 501.37 0.74 15.781) 11.Cash & bank balance 2.422 10.919 572.47 -0.869 91.953 356.65 97.614 0 1.Return on capital employed ( F7 as % of avg.03 2.871.44 0.857) 213.491 397.957 - 1.837) 864.834 1.650 847.63 -6.998 109.489 1.777.873 1.01 1.489 133.Depreciation for the year 5.725 311.86 64.269 1.308 74.093.823 1.386 130.804 806.50 1.726 349.738 19.Key Performance Indicators 1.300 0 0 G.416.423 - F.761 53.365.Current Liabilities (C1+C2) 1.Employees benefit obligations 5.068 244.Operating fixed assets after deducting accumulated depreciation 4.437.108.30 1.640 133.14 -4.677 869.04 5.613.280 0 527.02 0.03 1.148) 1.317 66. wages and employee benefits 6.350.571 1.59 0.078 1.02 -4.763 33.352 (146.038.257 456.253 1.705 78. of Ord.90 -0.Acid test or quick ratio[(B1+B3+B4) to C] 2.(A+B)] 9.379.39 95.120 1.884 181.Operating fixed assets at cost 3.150 290.867.626 68.04 1.59 -1.455.400.656.955 181.562 564.762 267.Earning per share after tax (Rs.Operating cash flow to debt ratio [F11 to (C+D)] 16.Net profit before tax 8.935 349.159 136.722 1.Debt equity ratio [(C+D) to E] 8.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.88 0.760 801.134 2.485 139.247.898 28.041 0 2.729.22 0.793 337.119 1.014 101.150 9.941 691.861 291.Short term investments 5.926.68 1.16 -4.251 123.Gross Profit 4.95 126 .880 59.751 133.99 4.532 98.505 961.283 0 0 15.698.21 -0.246) 29.Cash flows from operations 1.Retention in business (F7-F8-F9) 4.Trade Debt 4.Debentures/TFCs 4.529 1.610 757.79 -1.732 20.656 1.47 63.720 22.601 144.214 267.640 133.491 330./share) (E/No.Total amount of dividend 10.Other input cost 3.Tax expense (current year) 9.608 2.680.89 1.503 88.710 113.229.418 836.Financial Statement Analysis of Non Financial Sector 2013 Samin Textiles Ltd.55 1.063 133.Miscellaneous 1.595 (78.Administrative and other expenses 5.67 1.317 0 662.000 6.03 -5.487 (127. of Ord.072 0 1.585.837 129.788.

90 0. E) 10.688 0 33.Employees benefit obligations 5.248 0 173.900 0 209.624 0 155.43 4.115 192.13 1.076 10.112 613.Short term Secured loans 2.51 84.008.930 10.709 18.646 14.01 26.90 0.675 55.642 155.Debt equity ratio [(C+D) to E] 8.02 0.Cash & bank balance 2.818 33.131 23.Capital Reserve ii).213 123.560 244.750 68.654 385.270 172.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.374 197.131 172.046.145 0 437.651 27.925 21.37 0.92 4.378 29.483 4.87 48.29 0.Trade Debt as % of sales (B3 as % of F1) 4.994 128.63 16.718 34.594 5.08 1.Long term unsecured loans 3.347 96.30 0.188 162.532 26.530 25.015 60.85 1.Net profit before tax 8.Preference shares 2.(A+B)] 9.Other current assets C.Retention in business (F7-F8-F9) 4.000 55.718 293.380 31.Sales i).375 17.Selling & distribution expenses ii).008 37.000 55.369 0 3.065 0 6.77 1.09 1.49 41. of Ord.750 0 209.496 33.51 27.592 639.Other non-current liabilities E.618 334.Administrative and other expenses 5.Acid test or quick ratio[(B1+B3+B4) to C] 2.348 28.88 0.829 12.000 0 51.08 5.Cost of material ii).790 0 (436) 0 230.928 296.13 0.900 0 244.Other non-current assets B.248 0 179.117 711.07 2.898 44.106 0 209.551 165.750 68.083 88.766 83.Operating fixed assets after deducting accumulated depreciation 4.023 206.81 28.326 85.000 0 209.163 165.960 89.935 395.54 6.53 12.Shareholders Equity (E1+E2+E3) 1.General. wages and employee benefits 6.102 0 19.87 2.187 236.57 2.Reserves i).076 243.252 36.35 1.418 1.086 410.121 145.252 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 172.15 Items 521.978 26.302 0 0 696 204.50 7.078 87.Cash flows from operations 385.400 192 551.Total capital employed (E+D) 2.106 55.940 18.826 14.585 29.40 86.09 0.647 34.234 0 0 894 17.237 2.182 10.145 506.11 8.27 43.172 281.592 4.641 23.841 21.548 0 0 0 0 16.675 713.448 78.Operating fixed assets at cost 3.648 12.Operation: 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.Assets turnover ratio [F1 to (A+B)] 5. A.796 0 2.Capital work in progress 2.Inventories 3.410 0 187.475 220.16 90.182 24.234 14.801 222.07 1.Trade Debt 4.518 28.88 6.Intangible assets 6.95 23.232 476 632.56 38.375 158.675 952.500 0 G.Return on capital employed ( F7 as % of avg.528 1.673 0 0 848 378.335 0.173 5.24 0.78 1.67 2.185 965.529 15./share) [(F7-F8)/No.Break-up value shares (Rs.852 117.50 86.000 55./share) (E/No.668 0 0 1.02 5.802 0 0 704 336.23 10.530 68.188 82.Tax expense (current year) 9.Key Performance Indicators 1.309 165.513 0 9.224 172.770 17.850 195.846 819.204 25.Miscellaneous 1.378 320.568 697.336 4.920 202.Total value of bonus shares issued 11.242 4.65 24.Financial Statement Analysis of Non Financial Sector 2013 Sana Industries Ltd.465 3.00 42.28 87.Current Assets (B1+B2+B3+B4+B5) 1.63 2.05 5.250 13. shares) 1.170 34.671 123.489 22.05 12.842 3.225 244.135 12.Depreciation for the year 5.Cost of goods sold to sales (F2 as % of F1) 7.248 55.116 2.056 14.751 210.Net profit margin (F7 as % of F1) 15.Long term investments 7.635 68.20 0.839 5.27 8.056 16.814 121.487 115.75 1.973 192.155 585.081 155.Financial expenses of which: (i) Interest expenses 7.57 1.79 9.Non-Current Assets (A1+A3+A5+A6+A7) 1.624 0 166.064 1.195.464 278.Financial expenses as % of sales (F6 as % of F1) 3.88 10.Export Sales (Net) 2.134 38.013 12.609 9.73 3.61 2.669 29.106 0 197.650 68.495 16.654 0 348. Subscribed & Paid up capital i).869 58.38 86.81 17.223 36.07 15.28 0.188 288 532.115 0 5.85 1.52 1.680 140.Return of equity (F7 as % of avg.750 13.646 13.361 148.84 5.103 67.885 0 - 506.973 17.839 0 161.697 145.Gross Profit 4.738 36.Current Liabilities (C1+C2) 1.Other input cost 3.039 20.28 1.29 6.752 0 0 104.292 20.349 99.Issued.845 41.12 8.207 349.Ordinary Shares ii).098 236.53 4.675 - F.Salaries.631 105.018 17.008.384 72.32 30.750 0 227.21 14.25 4.908 33.353 18.536 22. of Ord.586 218.000 0 155.005 2.98 7.Long term secured loans 2.322 83.91 39.78 2.26 30.72 6.000 0 173.000 0 137.491 264. G1) 11.Return on assets [F7 as % of avg.498 4.Dividend cover ratio [(F7-F8) to F9] 12.Cost of sales i).740 2.Local sales (Net) ii).Short term investments 5.912 228.111 27.280 0 8.92 35.540 1.Earning per share after tax (Rs.160 177.365 0 0 0 17.195 30.90 16.77 15.39 13.972 1.22 5.688 301.Current ratio (B to C) 6.738 19.624 55.318 274.252 0 0 833 24.53 0.Debentures/TFCs 4.181. administrative and other expenses i).548 228.54 40.885 0 227.494 7.365 16.791 28.28 0.60 1.Inventory Turnover Ratio (F1 to B2) 13.000 55.31 5.608 24.512 708.94 0.Revenue Reserve 3.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.85 1.250 0 89.03 4.Total amount of dividend 10.Contractual Liabilities (G2+C1) H.988 5.972 0 868. shares] 17.00 1.098 171.883 583.67 17.217 232.746 74.Other current liabilities D.278 238.284 0 0 1.87 1.50 0.00 0.270 0 15.Total fixed liabilities (D1+D3) 3.298 161.585 0 0 0 18.481 155.34 0.82 1.26 16.03 127 .

55 28.45 0.927 3.15 3.694.001 236.312 7.59 2.420.939 5.961.293 498.511 1.782 2.952 254.92 7.512 983.356 3.72 11.004 886.321 455.367.87 0.Key Performance Indicators 1.Sales i).153 3.343.081 175.419 10.694.979 324.511.008 2.180.470.569.Trade Debt 4.Short term investments 5.Miscellaneous 1.11 0.960.56 2.274.867 9.419 12.962.793. wages and employee benefits 6.430 1.87 1.550.821 10.810.70 11.494 0 22.325.641.325.Ordinary Shares ii).331 243.277.335 875.213.Other non-current liabilities E.687.599.258 27.Depreciation for the year 5.885.164 575.490 361.34 83.71 9. E) 10.97 0.431.54 10.192.92 -0.009.718 542.039 13.23 7.541 3.56 24.412 1.144.955 13.73 8.695.961.165.145.68 6.943 102.846 8.095.Operation: 1.Export Sales (Net) 2.412 415.159.082 0 0 121.555 4.299 904.635 12.620.Break-up value shares (Rs.Current Assets (B1+B2+B3+B4+B5) 1.456.013.252 0 0 141.131 18.569.942 2.208.438 0 772.670.64 0.Financial expenses of which: (i) Interest expenses 7.Tax expense (current year) 9.942 1.918.875 196.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.462 17.900.Return on capital employed ( F7 as % of avg.14 0.728 18.384 574.838 2.899.96 11.799 2.Other non-current assets B.235 3.420 0 - 7.671 3.350 889.13 1.88 19.235 7.46 0.452 81.859.41 5.022 7.486 16.563 11.211 4.(A+B)] 9.667 0 1.118.Gross Profit 4.02 89.208 3.Cost of material ii).080 1.052 5.882 1.869 5.Total amount of dividend 10.Retention in business (F7-F8-F9) 4.055 18.57 0.61 1.531 0 30.671 19.087.89 0.724 1.722 14.116.967 12.754.332.725.323 137.546 2.Inventories 3.290 23.176.718.Return on assets [F7 as % of avg.252 1.800 12.135 265.Total fixed liabilities (D1+D3) 3.610 10.429 20.529 630.08 80.513 8.911.33 0.Capital Reserve ii).875 0 16.439.83 619.General.92 3.Cost of goods sold to sales (F2 as % of F1) 7.814 21.79 1.492 - F.Intangible assets 6.672 1.683 0.726.203.746 5.354.875 0 11.61 8.394 9.471 4.548.899 0 24.Long term unsecured loans 3.015 4.Cost of sales i).122.29 8.156.789.964 12.136.13 3.800.635 7.574 144.072 129.113. of Ord.805 201.48 34.10 4.757 2.Long term secured loans 2.912 789.55 0.581 10.30 4.919 7.449.689.Total capital employed (E+D) 2.887 13.Administrative and other expenses 5.233 11.666 2.057 1.235.174.Return of equity (F7 as % of avg.21 0.22 12.28 8.875 0 9.50 830.504.875 196.190.468 0 0 157.Non-Current Assets (A1+A3+A5+A6+A7) 1.206 8.211 1.492.066.10 17.Revenue Reserve 3.139.041 5.97 10.438 0 (354.04 124.540 19.Earning per share after tax (Rs.545 5.090.035.435.524.392.Assets turnover ratio [F1 to (A+B)] 5.809 2.627 2.Total value of bonus shares issued 11.771.003 5.894.003 3.788 131.875 196.44 13./share) (E/No.569 23.667 6.633.602.167 540.Issued.944 643.420 10.403 23.764.136 4.35 6.325.00 51.384.934.571 11.000 0 6.288 4.258 156.082.446.717 739.756 563.672 4.875 0 10.598 1.194 57.Current Liabilities (C1+C2) 1.346.800. administrative and other expenses i).12 1.739 19.815 12.239.929 810.939.740 10.250 0 3.Other input cost 3.837.970.005 854.220 98.095 339.33 0.29 .468 21.352 2.68 0.265.01 30.383.733 23.148.84 81.Dividend cover ratio [(F7-F8) to F9] 12.271.099 7.913 24.814 420.Financial Statement Analysis of Non Financial Sector 2013 Sapphire Fibres Ltd.334 291.626 971.933 455.285.51 128 3.276 2.020.584.808 2.72 16.52 17.729 108.000 0 6.795 12.492.790.674 12.202 19.189 75.959.287 6.683.Capital work in progress 2.086 196.579 5.Short term Secured loans 2.044.213 11.335.531 1.Trade Debt as % of sales (B3 as % of F1) 4.902 10.Salaries.718 0 0 81.990.Current ratio (B to C) 6.768.754.920 42.007 11.Cash & bank balance 2.25 0.Preference shares 2.138.524 1.249 3.899.812 3.054.15 9.68 13.982 4.995.093 11.868 2.Other current liabilities D.819 224.97 75.033 154.996 10.12 8.Shareholders Equity (E1+E2+E3) 1.085.670.053 21.25 80.Inventory Turnover Ratio (F1 to B2) 13.525) 30.178 1.369.08 11.941.298.858 201.Net profit before tax 8.159 0 1.200.474 2.081 2.84 1.07 16.153 557.013.038 7.451.712 5.599.667 199.874 1.298.532.919 667.699 868.593.Operating fixed assets after deducting accumulated depreciation 4.082.910.237.56 2.03 0.679 3.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 2.442 88.888 105.794.28 0.192.468 2. shares] 17.882. A. Subscribed & Paid up capital i).512 0 0 102.172.590 23.289 5.832 2.95 8.010 9.795 0 G.Net profit margin (F7 as % of F1) 15.209.022.877 466.868 1.720 98.884 6.91 0.Operating fixed assets at cost 3.18 11.078.634 9.000 175.006.518 5.082 358.619 184.811.039 1.954 196.296.438 996.16 135.72 6.76 383.624.894.492 175.608 26.681 15.811.928 22.637.Debt equity ratio [(C+D) to E] 8.32 2.Selling & distribution expenses ii).301 660.Long term investments 7.597 16.93 2.97 408.870 29.635 15.14 14.803.539.410 792.272.759.96 11.796 12.054 8.Debentures/TFCs 4.549 5.93 4.45 484.594.187.46 1.538.356.691 506.25 15.401 20.875 196.000 175.608 2.031.925 8.79 Items 4.454 661.452.176 3.01 12.410 18.561 12.87 26.323 17.134.374.269.711.403 0 21.079 3.536.676 979.082 2./share) [(F7-F8)/No.464 12.94 79.563 2.984 2.325.911 4.587 4.Acid test or quick ratio[(B1+B3+B4) to C] 2.321 435.59 542.Operating cash flow to debt ratio [F11 to (C+D)] 16.843 667.959.Financial expenses as % of sales (F6 as % of F1) 3.Local sales (Net) ii).Contractual Liabilities (G2+C1) H.847.455 396.748.162 196.780 12.49 18.Cash flows from operations 6.Employees benefit obligations 5.86 5.182.00 69.877 19.031 16.319 0 22. shares) 19.884 1.721.31 1.Other current assets C.634 38.962 697.459.500 0 23.711.941 2.215 2. of Ord.145 73.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.660 5.428 44.Reserves i).471.891 2.764 256. G1) 11.707 196.970.144 7.890 7.874.638 13.78 10.875 159.082.771 565.82 0.

408.Employees benefit obligations 5.224 102.565 421.413.443.476.392.15 5.694.499 1.443 812.35 3.672.614 21.251 1.170 563.918 713.47 0.099.457.747.448.335 2.287.828.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.89 380.861.751.276.092 10.872 2.907 1.741.359.986 3.38 277.360 1.Cash flows from operations 9.129.094.587 7.Gross Profit 4. G1) 11.510 10.908 0 1.982./share) [(F7-F8)/No.323 11.Ordinary Shares ii).948.87 0.213 0 8.451 255.319.229.500 - 11.Miscellaneous 1.134 2.634 140.27 85.405 3.646.119 1.270 2.211 7.21 8.112.946 213.88 0.14 0.128 934.302 1.38 5.986 952.834 7.035 5.900.22 0.16 0.329 6.653 1.184 5.380 0.022 390.831 200.331.831 0 8.824 109.423 959.245.944.30 6.72 11.313.334.Intangible assets 6.603.32 3.250 4.623 4.093 1.025 19.881 1.666.083 3.91 85.448 1.421 5.145 2.074.Operating cash flow to debt ratio [F11 to (C+D)] 16.778.529 0 0 7. administrative and other expenses i).Short term Secured loans 2.642 0 586.43 1.Current ratio (B to C) 6.52 1.204.489 1.07 1.345 196. shares] 17. A.927 541.639 5.Financial expenses as % of sales (F6 as % of F1) 3.662.29 2.44 87.272.076 6.Debentures/TFCs 4.Long term unsecured loans 3.623 3.Earning per share after tax (Rs.744 6.234 177.354 1.49 83.Total amount of dividend 10.376.29 5.680.740.39 0.Net profit margin (F7 as % of F1) 15.851.Inventory Turnover Ratio (F1 to B2) 13.General.614.136 19.122 177.001 4.416 0 886.001.94 2.49 3.40 88.Salaries.714 0 0 87.97 0.960.491 200.12 412.122 14.(A+B)] 9.592.09 0.000 4.236 4.90 16.75 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 4.487 19.663./share) (E/No.634.309.Other input cost 3.075.212 659.Issued.190.524.Preference shares 2.791.Selling & distribution expenses ii).756 8.03 0.Capital Reserve ii).319 9.83 423.051 664.012.88 0.Dividend cover ratio [(F7-F8) to F9] 12.434 37.204.270 4.213 21.573 3.977.17 23.13 5.836.999 9.105 4.88 307.Operating fixed assets after deducting accumulated depreciation 4.56 1.064 8.Cost of material ii).467 0 372.636 0 0 9.64 14.872 77.Net profit before tax 8.206.305.819 1.467 200.653 702.441 9.413.332 1.347 952. of Ord.921.916 1.587 773.173.368 17.32 2.59 0.277.921.16 69.831 200.134.379.875 100.Return on capital employed ( F7 as % of avg.049.221 5.254.327.Inventories 3.695 3.44 10.176 0 5.745 0 526.Revenue Reserve 3.879.609.408 7.161 1.710 500.242 1.69 12.618.634 9.669 26.724 6.Cost of goods sold to sales (F2 as % of F1) 7.529 7.617.26 7.37 0.452 4.Assets turnover ratio [F1 to (A+B)] 5.649.445 0 0 96.901 65.096 5.Return of equity (F7 as % of avg.19 9.250.984.815.65 9.626.653 7.187 7.63 6.82 4.148 380.Other current assets C.027 557.99 0.714 148.751 445.151 0 866.902 557.160 14.815 4.499 0 0 67.792.836 15.344 11.76 1.69 5.422.123 379.838.589.831 200.044 200.731 835.445 1.361 200.007 200.727 632.083 184.83 13.683 670.66 10.12 8.502 8.194 439.622 0 0 150.Debt equity ratio [(C+D) to E] 8.53 7.949 396.Operation: 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.555 917.356 1.155 8.875 3.655 643.176 0 8.090.337 456.Short term investments 5.660 702.00 30. of Ord.424 3.326 2.297.47 0.Break-up value shares (Rs.138 1.336 577.421 1.Sales i).607 5.386 5.731 4.92 4.717 321.714 4.524.35 2.845.855.908.930.702 380.15 9.792 4.618.278.553 518.Operating fixed assets at cost 3.02 106.774 25.920 4.355 2.135.Non-Current Assets (A1+A3+A5+A6+A7) 1.183.Export Sales (Net) 2.33 1.Financial expenses of which: (i) Interest expenses 7.780 62.21 14.965 1.Tax expense (current year) 9.668 10.33 0.314 1.325 10.76 18.Return on assets [F7 as % of avg.22 0.763 4.982.208 66.474 2.831 0 7.290 23.129 33.296.064.678 4.518 748.21 5.665 221.72 129 .699 1.323 0 0 F.831 200.69 578.730 3.831 0 11.251.422.955 375.Other current liabilities D.433 168.423 3.577.233.605 195.831 200.181.Cost of sales i).626 4.056 18.001.180 389.746.601 60.891.96 0.751.Other non-current liabilities E.238.593.543 3.166 1.276 669.808 4.Current Assets (B1+B2+B3+B4+B5) 1.057 7.07 107.569 100.767 3.318 3.62 12.831 0 8.192.745 121.831 0 5.213 0 7.842.889 1.177.Retention in business (F7-F8-F9) 4.269 0 1.Shareholders Equity (E1+E2+E3) 1.34 1.23 7.619 931.84 5.622 860.580 1.16 25.736.238 10.509 89.865 1.00 5.328.526 1.501 24.245.788 1.129.Financial Statement Analysis of Non Financial Sector 2013 Sapphire Textile Mills Ltd.53 21.633.126.045 101.573.Current Liabilities (C1+C2) 1.047 1.660 - 2.651 0 776.84 4.159.753 4.329 544.Trade Debt 4.042 4.45 20.90 3.125 0 1. wages and employee benefits 6. Subscribed & Paid up capital i).303 4.710.79 1.Key Performance Indicators 1.649 2.099 0 G.448.Cash & bank balance 2. shares) 6.408.Administrative and other expenses 5.296.076.799.021.67 8.037.094.821 725.523 106.973.974 3.388.Depreciation for the year 5.151 5.999.035 8.57 6.423 7.389.241.880.231 847.339 1.372 7.450.55 1.046.412.54 11.691.128.398 896.373 544.073.779.200 866.114 8.801.10 81.416 0 1.862 5.59 1.168 266.443 10.416 0 136.683.176 3.833 5.428.393.06 Items 6.Other non-current assets B.514 6.Trade Debt as % of sales (B3 as % of F1) 4.154 200.909. E) 10.352.660 3.636 8.975 1.075.Total value of bonus shares issued 11.277 590.32 3.Total capital employed (E+D) 2.902 734.831 0 5.31 26.145 0 0 121.313.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.438.106 3.33 47.Long term investments 7.Local sales (Net) ii).Total fixed liabilities (D1+D3) 3.426.145 100.Reserves i).182 8.070 12.349.Long term secured loans 2.93 30.57 10.515 11.514.Capital work in progress 2.246 2.11 21.10 4.066.831 200.405 5.05 1.416.765.Contractual Liabilities (G2+C1) H.445 30.

623 132.205 (123.Other non-current liabilities E.735 182.328 0 3.Reserves i).720 1.747 96.000 0 (199.886.666 65.327 2.687 0 0 0 30.783 1.131 41.981 74.40 2.053 68.43 0.022 30.610 35.70 10.386 179.056 15.563) 2.379) 0 (220.78 6.634 1.638.494 1.Debt equity ratio [(C+D) to E] 8.243.592 56.726 0 310 3.335 529 54.211 997.360 269.Tax expense (current year) 9.180 137.55 7.668) 586.66 -3.568 56.85 21.328 1.Capital Reserve ii).360 744.708.20 0.717 0 (59.37 0.596 1.338 477.82 3.Intangible assets 6.095) 2.768 535.69 130 - - - 21.Cost of material ii).415 401.535 75.852 76.695 191.915 262.09 2.20 Items 1.691 149.37 3.38 6.Total amount of dividend 10.16 2.58 22.432 1.105 917.608 162.82 0.369 0 924 3.000 0 (347.Selling & distribution expenses ii).233 245 1.000 0 364.08 4.736 312.03 2.872 216.289 77.494 58.777 63.Long term secured loans 2.422 0 64.728.763 957 243.104 3.549 97.31 24.376 64.008 0 87.015.468 185.Current ratio (B to C) 6.480 53.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.24 2.Export Sales (Net) 2.000 312.119 73.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.694 0 1.335 0 0 (59.49 0.644 0 0 0 714.Return on assets [F7 as % of avg.343 287.275 477.022 63.249 3.022 9.676 61.43 1.890 (51.07 1.Return of equity (F7 as % of avg.11 16. A.280.Employees benefit obligations 5.Cost of sales i).15 0.850 312.112 1.08 -1.234.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.202) 227.961 47.363 1.005 93.600 0 243.050.03 -2.044 45.654 405.779 419.310 1.748 344.538 57.030 654.644 0 0 0 775.000 312.740 130.086.Ordinary Shares ii).000 0 (220.499.67 1.868 312.580 15.079 212.411 227.20 2.00 0.981 676.151 876.883 (38.01 -4.914 (202.51 -20.219 67.Contractual Liabilities (G2+C1) H.000 312.11 3.899.674) 7.503) 678.35 1.505.05 25.379) 579.704.42 2.020.831 985.48 -1.867 887.87 1.610 95.049.311.Current Liabilities (C1+C2) 1.606) 424.66 94.062 445 161.966 37.Key Performance Indicators 1.923 56.805 1.90 21.Cost of goods sold to sales (F2 as % of F1) 7.Operation: 1.807 173.89 0.000 312.Retention in business (F7-F8-F9) 4.94 0.469 23.447 496.45 1.644 - 1.525 1.957 312.666 132.22 -9.429 116. shares) - - 7.Short term Secured loans 2.403 30.Acid test or quick ratio[(B1+B3+B4) to C] 2.071 878 275.383) 120 (214.Break-up value shares (Rs.941 470.Dividend cover ratio [(F7-F8) to F9] 12.331 162.Cash & bank balance 2.047 93.000 312.13 4.015. of Ord.412 323.145) 495.598 3.981 131.771 42.60 2.69 0.365 509.98 10.86 13.57 95.735 193.667 124.76 1.053 1.888 1.365 329.Total fixed liabilities (D1+D3) 3.Operating cash flow to debt ratio [F11 to (C+D)] 16.Other input cost 3.052 312. of Ord.Earning per share after tax (Rs.Net profit before tax 8.208) 672.73 90.37 1.322 0 190 5.Revenue Reserve 3.393 327.981 0 204.471 56.840 362.730 186. E) 10.996 2.383 1.181 28.057.Debentures/TFCs 4.96 0.531 1.Financial expenses of which: (i) Interest expenses 7.009) 667.239 87.36 98.206.66 -0.560 251.Salaries.138 289.897.909 938.000 0 (269.048.052 485.694 70.729 90. Subscribed & Paid up capital i).Short term investments 5.15 2.48 0.637 54 2.141 942.687 (128.884 297.779 70.00 -1.Local sales (Net) ii).126 135.051 204.403 (62.364 48.Other current assets C.256 1.12 17.387 478.Capital work in progress 2.644 551.042.14 0.453 0 48.572 143.000 0 (214.99 22.16 11.Other non-current assets B.318 36.98 0. shares] 17.10 1.668) 0 (347.101 0.945 F.93 7.094.998 881.813 2.906 0 283.Trade Debt as % of sales (B3 as % of F1) 4.524 1.Shareholders Equity (E1+E2+E3) 1.20 2.623) 4.104 442.61 0.76 -6.516 65.083.644 670.740. wages and employee benefits 6./share) [(F7-F8)/No.324 15.420 46.Operating fixed assets after deducting accumulated depreciation 4.658.000 312.Return on capital employed ( F7 as % of avg.628 35.386 271.03 . G1) 11.138 1.Sales i).Depreciation for the year 5.21 -4.Net profit margin (F7 as % of F1) 15.141 0 84.75 2.218 0 0 0 30.904 0 2.825 38.45 0.810) 23.92 12.005.041.(A+B)] 9.50 0.56 2.71 -5.958 312.Operating fixed assets at cost 3.938 1.563 292.975.18 -9.Long term investments 7.736 1.Inventories 3.474) 734 (270.182.68 92.281 2.604 2.09 0.480 0 81.862 186.Other current liabilities D.805 95.40 5.04 -4.277 0 259 3.Gross Profit 4.247 1.528 0 0 G.748 213.Long term unsecured loans 3.Miscellaneous 1.15 0.Total value of bonus shares issued 11.928.14 -15.343 40.04 5.629 0 0 118.386.Cash flows from operations 1.757 839.74 84.87 8.Issued.060 3.Financial expenses as % of sales (F6 as % of F1) 3.142 79.Non-Current Assets (A1+A3+A5+A6+A7) 1.180 215.841.69 -8.550 322.07 0.Inventory Turnover Ratio (F1 to B2) 13.Trade Debt 4.52 1.Current Assets (B1+B2+B3+B4+B5) 1.034 1.395 615.General.357 88.697 53.539 0 0 86.32 0. administrative and other expenses i).489 107.437.Preference shares 2.Total capital employed (E+D) 2.75 1.923 63.012.524 1.461 167.983 0 0 8.Financial Statement Analysis of Non Financial Sector 2013 Sargodha Spinning Mills Ltd.402.654 373.416 2.044.Assets turnover ratio [F1 to (A+B)] 5.Administrative and other expenses 5.094.69 10.001.383 162.736 - 0 780.337.349 0 2.228 255.069 15.06 -0.022 30.340 1./share) (E/No.218 104.

940 339.118 643.442 6.349 54.Key Performance Indicators 1.430 1.Other input cost 3.20 3.279 214.762 0 690.Total fixed liabilities (D1+D3) 3.Reserves i).222 1.856 8.349 3.616 3.746 270.Long term secured loans 2.406 298.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.347 60.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Total capital employed (E+D) 2.Current Assets (B1+B2+B3+B4+B5) 1.Total value of bonus shares issued 11.06 5.284 42.91 86.12 2.253 0 0 G.34 -4.Current Liabilities (C1+C2) 1.826 705.73 11.552 329.920 171.572 0 1.555 450.19 4.212 127.553 17.66 2.Net profit before tax 8.296) 25.Surplus on revaluation of fixed assets 633.990 506.771 1.048 74.Retention in business (F7-F8-F9) 4.082 188.163 41.49 1.96 88.257 318.030 4.653 1.28 -0.411 79.Financial Statement Analysis of Non Financial Sector 2013 Saritow Spinning Mills Ltd.082 228.Earning per share after tax (Rs.581 0 587.92 3.88 2.44 -5.103 0 0 14.215 49.Net profit margin (F7 as % of F1) 15.Short term Secured loans 2.57 12.59 2.127 0 0 166.515 716.277 237.376.507 5.317 2.640 38.01 6.347 90.99 0.89 3.38 0.069 (26.68 1.01 13.30 1.32 13.050 849.Debentures/TFCs 4.171 300.156 159.971 214.806 20.330 25.766 154.750 132.918 0 1.972 47.711 2.059 67.705.28 6.774 60.009 0 141.107 24.452 78.558 291.Cost of sales i).Depreciation for the year 5.908 20.147 61. administrative and other expenses i).966) 0 0 0 93.Capital work in progress 2.885 0 28.33 0.010.750 0 (81.63 -36.37 85.038.096 199.76 0.07 89.278 262.Contractual Liabilities (G2+C1) H.429 2.Shareholders Equity (E1+E2+E3) 1.Operation: 1.263 167.678 22.58 19.Cash & bank balance 2.200 49.330 369.02 1.Issued.17 -2.Export Sales (Net) 2.63 Items A.269 1.010.General.188 181.61 36.406 0 7.160 57.17 3.409 468.Other non-current assets B.Break-up value shares (Rs.80 94.211 54.429 0 1.555 0 388.990 137.171 3.878.804 1.748 85.Financial expenses as % of sales (F6 as % of F1) 3.88 10.045.176 39.772 85.16 131 .Other current assets C.41 20.Trade Debt as % of sales (B3 as % of F1) 4.Dividend cover ratio [(F7-F8) to F9] 12.543 1.977 0 726.69 91.101 40.Assets turnover ratio [F1 to (A+B)] 5.256 280.317 0 1.265 215.297.Tax expense (current year) 9.83 0.374 398.994) 59.39 2.Cost of material ii).984 1.Operating fixed assets after deducting accumulated depreciation 4.280 359.00 0.71 0./share) (E/No.029.093 49.560 0 68.974 0 100.57 18.Inventories 3.406 0 474.856 80.406 298.434 298.255 165.267 209.038 314.870 17.34 0.642 157.70 5.03 2.976 298.45 - F.000 0 29.873 610.138 173.001 56.71 0. of Ord.668 14.Debt equity ratio [(C+D) to E] 8.Acid test or quick ratio[(B1+B3+B4) to C] 2.Trade Debt 4.399 223.966) 224.01 0.98 0.251 349.228.745 72.506 498.671 99 0 39.Salaries.04 7.666 1.37 1.14 23.Operating fixed assets at cost 3.Inventory Turnover Ratio (F1 to B2) 13.783 64.258 202.978 132.726.350 26.755 332.98 9.37 -10.467 0 0 3.516 2.Miscellaneous 1./share) [(F7-F8)/No.077 16.Return on capital employed ( F7 as % of avg.795.631 7.918 2.650 278.456 17.Intangible assets 6.Local sales (Net) ii).Other non-current liabilities E.922 206.467 148.193 34.895 17. E) 10.612 0 1.29 4.406 0 329.556 137.70 28.85 0.76 10. of Ord.651 33.372 58.56 0. G1) 11.53 0.841 0 150.546 66.71 0.751 0 68.12 3.02 23.(A+B)] 9.Revenue Reserve 3.136 2.27 3.643 369.Total amount of dividend 10.94 0.047.041 373.25 0.088 0 431.994) 0 (81.974 129.535 269. shares] 17.72 6.090.770 0 0 14.307 141.Short term investments 5.Non-Current Assets (A1+A3+A5+A6+A7) 1.42 1.193 17.679 305.406 298.Gross Profit 4.889 379.Long term investments 7.02 0.478 152.069 90.Return on assets [F7 as % of avg.823 56.38 2.Sales i).699 16.688 178.Administrative and other expenses 5.177 76.868 48. Subscribed & Paid up capital i).009 121.728 102.038.838.58 8.211) - (Thousand Rupees) 2012 2013 7.075 1.622 48.020.629 486.66 8.22 0.597 1.79 81.89 7.Preference shares 2.244 70.Selling & distribution expenses ii).440 216. 2008 2009 2010 2011 291.447 97 0 50.750 132.140 150.088 472.Cost of goods sold to sales (F2 as % of F1) 7.996 21.Capital Reserve ii).Return of equity (F7 as % of avg.418 220.257 0 94.911 76.059 298.811 309.434 162.680 15.13 3.855 0 9.506 168.539 132.481 29.Other current liabilities D.01 10.668 341.734 132.695 240.Current ratio (B to C) 6.405 338.465 108.684 1.23 6.71 1.548 0 8.437 0 0 (7.082 160.583 0 0 79.000 0 29.011 159.Employees benefit obligations 5.431 80.120 99.086 356.Ordinary Shares ii).95 7.006. shares) - - - - - 2.371 54.57 51.92 12.520 174.506 179.967 76.750 132.685 61.750 0 (131.66 1.47 20.383 0 0 3.Financial expenses of which: (i) Interest expenses 7.983 339.305 118.01 3.003 386.855 0 13.467 0 1.182 67.074.581 716.Operating cash flow to debt ratio [F11 to (C+D)] 16.188.903 37.123 0.969) 2.Long term unsecured loans 3.738 10.746 106.364 118.431 - 472.95 3.750 0 (11.90 1.033.392 208.820 236.077 0 303.01 2.562 167.801.296) 0 (131.652 0 0 15.506 8.09 1.969 109.77 0.255 0.62 9.723 424.188.559 452.267.450 (26.01 1. wages and employee benefits 6.899 1.885 1.492 12.Cash flows from operations 450.

781 (60) 8.722 8.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Long term investments 7.824) 157.00 -0.Long term unsecured loans 3.00 -376.722 8.247 79.285) 0 (342. Subscribed & Paid up capital i).Other current assets C.Gross Profit 4.11 -1.737) 157.Sales i).11 -1.Current Liabilities (C1+C2) 1.04 -1.Revenue Reserve 3.548 157.274.28 -61.Other non-current assets B.210 0 79.00 0.00 - - - - - - 0.06 132 -0. G1) 11.64 0.781 37.943 8.00 0.781 (41.372) 0 (342.21 - - - - - - 0.247 (221.Issued.05 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 Items 0 0 0 0 40 40 0 0 0 0 79.548 157./share) (E/No.77 .Non-Current Assets (A1+A3+A5+A6+A7) - 1.548 0 (379.00 0.Selling & distribution expenses ii).110) - F.Contractual Liabilities (G2+C1) H.Return on assets [F7 as % of avg.Inventory Turnover Ratio (F1 to B2) 13.Break-up value shares (Rs.Operating fixed assets at cost 3.617 0 324 0 (221.Salaries.480 (221./share) [(F7-F8)/No.(A+B)] 9.548 157.00 -0.General.054 0 42.Operation: 0 0 0 0 1.Export Sales (Net) 2.781 133.Cash flows from operations 0 60 60 102 (162) 0 0 0 88 0 0 0 (88) - G.Return on capital employed ( F7 as % of avg.00 0.Retention in business (F7-F8-F9) 4.Local sales (Net) ii).548 157.122 0 79.Other current liabilities D.Other non-current liabilities E.441) 0 (379.00 0.781 (42.00 0.Debentures/TFCs 4.Debt equity ratio [(C+D) to E] 8. administrative and other expenses i).Operating fixed assets after deducting accumulated depreciation 4. shares] 17.00 A.Capital Reserve ii).381) 0 (379.00 -282.893) 157.59 0.05 0.36 -11.Acid test or quick ratio[(B1+B3+B4) to C] 2.Total amount of dividend 10.Financial expenses as % of sales (F6 as % of F1) 3.Tax expense (current year) 9.082) 0 (162) 0 (221.00 -225.Total fixed liabilities (D1+D3) 3. E) 10.32 -1.548 0 (379.Financial Statement Analysis of Non Financial Sector 2013 Service Fabrics Ltd. of Ord.Current ratio (B to C) 6.07 0.05 0.285) 0 0 0 0 0 0 0 0 0 39 39 0 0 0 0 41.00 0.08 0.Inventories 3. wages and employee benefits 6.Capital work in progress 2.271) 0 (379.480 0 142.Reserves i).Long term secured loans 2.397 (79.00 0.617 0 324 0 (184. 2009 2010 2011 0 0 0 0 0 0 0 0 0 39 39 0 0 0 0 221.562) 157.781 133.00 -0.548 157.01 -14.01 -14.833) 0 (110) 142.03 0.Return of equity (F7 as % of avg.171) 8.210 142.054 142.00 0.Total value of bonus shares issued 11.015) 8.548 157.Preference shares 2.Cost of material ii).Assets turnover ratio [F1 to (A+B)] 5.00 0.Intangible assets 6. of Ord.474 0 0 0 0 0 0 (221.73 0.Miscellaneous 1.36 -18.00 0.Dividend cover ratio [(F7-F8) to F9] 12.833) 157.Financial expenses of which: (i) Interest expenses 7.08 0.74 0.548 0 (342.Total capital employed (E+D) 2.00 -153.548 0 (379.05 -1.271) 0 0 0 0 0 0 0 0 0 39 39 0 0 0 0 221.122 142.00 0.Trade Debt 4.Short term investments 5.Ordinary Shares ii).Shareholders Equity (E1+E2+E3) 1.Cost of sales i).Trade Debt as % of sales (B3 as % of F1) 4.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Administrative and other expenses 5.397 79.Depreciation for the year 5.781 0.01 -14.872 142.00 0.723) 0 (161) 142.781 133.Net profit margin (F7 as % of F1) 15.01 -11.73 0.920 0 41.Employees benefit obligations 5.372) 0 0 0 0 0 0 0 0 110 0 110 0 0 0 (110) 0 0 0 (150) 0 0 0 0 0 0 0 60 0 60 0 0 0 (60) 0 0 0 0 0 0 0 0 0 0 0 75 0 75 0 0 0 37.85 0.07 0.00 0.920 142.157 0 0 0 0 0 0 0 0 0 0 0 88 - 0 0 0 0 0 0 0 68 0 68 0 93 91 (161) 0 0 0 (1) 0 0 (221) (79.157 8.514 0 0 0 0 0 0 (221.Key Performance Indicators 1.00 95.723) 157.07 0.00 -0.Current Assets (B1+B2+B3+B4+B5) 1. shares) - - - - - - -1.00 0.Cost of goods sold to sales (F2 as % of F1) 7.00 -407.781 (88) 8.881) 8.00 -14.Short term Secured loans 2.548 0 (379.Earning per share after tax (Rs.Other input cost 3.381) 0 0 0 0 0 0 0 0 0 39 39 0 0 0 0 79.548 0 (342.Cash & bank balance 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.762 142.00 2.838 0 324 0 (184.Net profit before tax 8.00 0.441) 0 0 0 0 0 0 0 0 0 39 39 0 0 0 0 42.00 0.

020 1.35 14.479 137.077 139.Shareholders Equity (E1+E2+E3) 1.Total value of bonus shares issued 11.187 0 125.052 0 (51. wages and employee benefits 6.28 -0.807 130.021 0 257.Return of equity (F7 as % of avg.500 559.622 20.055 525.36 -130./share) [(F7-F8)/No.392 0 0 1.604 267.64 29.18 35.34 0.518 2.41 0.51 17. A.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.02 -5.94 15.885 31.06 -1.58 0.265 370 0 2.074 0 128.Other non-current assets B.667) 265.492 44.413 61.Long term secured loans 2.88 0.492 0 (291.01 3.444 0 0 3.Cash flows from operations 192.312) - F.333 99. G1) 11.31 -3.87 -1.Other current assets C.464 382.31 0.516 369.Cost of sales i).081 - 242.825 5.004 49.835) 44.219 184.310 47.Contractual Liabilities (G2+C1) H.250 (342.Depreciation for the year 5.958 28.492 44.18 91. shares) - - - - - 34.492 0 (265.246 0 586.93 -5.067 137.492 0 (234.46 -42.20 0.99 -15.753 (5.Other current liabilities D.Miscellaneous 1.02 0.317 1.595 0 0 (56.213 281.250 (272./share) (E/No.976 29.705) 168.10 9.General.405 (6.Financial Statement Analysis of Non Financial Sector 2013 Service Industries Textiles Ltd.992 90.Break-up value shares (Rs.27 -98.07 -0.362 0 445.785 26.424 3.492 44.60 -20.Capital Reserve ii).340) 260.Inventories 3.86 421.388 270.183 169.37 0.31 0.859 123.644 52.425 0 10.Total fixed liabilities (D1+D3) 3.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.00 0.Retention in business (F7-F8-F9) 4. shares] 17.837 176.317 22.640 0 2.10 -8.055 0 501.492 0 (233.004 0 2.036 0 0 13.Other non-current liabilities E.483 38.Operating fixed assets after deducting accumulated depreciation 4.778 79.990 247.569) 39.84 Items 270.256 63.295 (46.Operation: 1.043 0 0 5.861 0 82.953 128.250 (329.261 128. Subscribed & Paid up capital i).00 1.74 -10.849 0 198. of Ord.08 5.702 31.25 102.23 15.043) 12.970 580 437.82 0.560 0 0 3.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 176.Net profit before tax 8.15 1.591 44.860 0 249.543 482.00 -19.Return on assets [F7 as % of avg.855 1. administrative and other expenses i).810 19.Net profit margin (F7 as % of F1) 15.190 18.859 10.412 G.539 (15.929 437.15 102.740 18.406 47.492 0 (304.415 34.125 (22.598 164.306 20.191 0 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.512 3.740 13.620 43.524 0 0 17.073 394.53 1.Export Sales (Net) 2.140 (36.Non-Current Assets (A1+A3+A5+A6+A7) 1.93 19.319) 38.853) 65.028 24.Employees benefit obligations 5.Salaries.392 20.Revenue Reserve 3.11 85.Financial expenses as % of sales (F6 as % of F1) 3.Trade Debt as % of sales (B3 as % of F1) 4.993 405.11 -0.Ordinary Shares ii).645) 123.328 377.943 70.36 95.56 78.492 44.155 32.Tax expense (current year) 9.137 5.Selling & distribution expenses ii).851) 2.69 14.Dividend cover ratio [(F7-F8) to F9] 12.Short term investments 5.80 16.391 506 8.416 77.26 -19.125 180.820) 44.181 78.793 18.293 15.074 (188.Short term Secured loans 2.037 201.532 0 0 2.506 1.492 0 (253.958 0 450.822 229.469) 38.873 36.Return on capital employed ( F7 as % of avg.587 69.966 38.687 1.812 123.13 -11.341) 271.18 0.641 65.032 0 2.096 44.027 173.04 103.037 (60.481 16.203 17.773 61.471) 370.860 242.644 273.31 0.828 0 0 4.56 0.178 159.36 -8.091) 38.00 9.011 4.058 8.Operating cash flow to debt ratio [F11 to (C+D)] 16.476) 186.Local sales (Net) ii).483 44.379 160.280 41.64 0.010 244.036) 525.502 14.695 23.48 0.515 525 9.53 8.165 307.Sales i).688 21.67 172.904) 13.41 5.492 44.Long term unsecured loans 3.152 (36.01 10.789 403.090) 38.098 0 0 1.898 13.859 43.Current Liabilities (C1+C2) 1.Debt equity ratio [(C+D) to E] 8.325) 5.00 -8.59 11.Issued.997 629 12.743 (19.Cash & bank balance 2.071 0 1.900 362.Current Assets (B1+B2+B3+B4+B5) 1.45 15.85 0.60 -2.849 192.250 (291.25 -40.807 24.280 24.52 -15.747 149.552 71.Debentures/TFCs 4.05 1.182 96.Preference shares 2.(A+B)] 9.03 0.Intangible assets 6.077 (36.930 559.625 0 0 7.00 1.969 25.777 36.014 0 0 8.159 0.22 13.846 28.452 (180.80 1.01 0. E) 10.869 370.Cost of goods sold to sales (F2 as % of F1) 7.77 0.48 -4.169 91.Long term investments 7.847 28.Current ratio (B to C) 6.719) 278.988 56.Assets turnover ratio [F1 to (A+B)] 5.Administrative and other expenses 5.68 0.869 0 339.379 14.Operating fixed assets at cost 3.603 0 446.Cost of material ii).346 78.94 21.246 683.90 5.00 20.Key Performance Indicators 1.682 224.989 69.Total capital employed (E+D) 2.08 0.857 12.417) 38.26 1.Capital work in progress 2.368 43.920) 229.Earning per share after tax (Rs.762 364.261 1.859 35.076 683.247 20.539 240. of Ord.746) 0 (37.734 391.250 (303.975 4.16 0.00 0.Financial expenses of which: (i) Interest expenses 7.492 44.783 1.Reserves i).67 5.129 374.705) 0 0 0 (36.28 -8.865 44.341 170.00 1.203 40.01 5.500 0 573.Inventory Turnover Ratio (F1 to B2) 13.374 (14.Other input cost 3.14 0.681) 964 0 15.477 77.323) 9.Total amount of dividend 10.Trade Debt 4.78 0.797 28.Gross Profit 4.11 1.308 94.579 56.316 20.995 136.990 36.44 133 .431 158.00 1.480 0 0 7.

525 0 51.913 200.853 32.14 1.03 53.126 123.96 27.705 26.72 0.51 1.853 381.928 0 817.075 6. shares] 17.000 30.291 165.147 3.Operation: 1.876 111.Cost of material ii).Operating fixed assets at cost 3.334 131.Tax expense (current year) 9.285 3.280 1.343 23.67 40.510 275.904 (41.Debt equity ratio [(C+D) to E] 8.228 2.867) 26 0 0 17.93 4.408 120.860 76.27 -9.78 2.Total capital employed (E+D) 2.06 1.042 171.77 8.033 72.262 287.024 108.20 90.394 30.79 0.Miscellaneous 1.620 0 254.612 51.486 117.Total amount of dividend 10.63 0.Current Assets (B1+B2+B3+B4+B5) 1.633 267. of Ord.876 0 133.Selling & distribution expenses ii).Inventories 3.589 0 0 0 28.060 150.12 2.119 0 32.904 0 0 0 6.000 0 152.508 294.13 13.290 72.582 698.06 1.524.765 2.Trade Debt 4.Long term unsecured loans 3.444 186.Earning per share after tax (Rs.307 1.74 27.000 0 81.401 5.522 0 63.382 240.000 30.290 43.Break-up value shares (Rs.25 10.447 269.394 0 273.70 1.444 0 568.476 188.757 0 (7.785.768 15.26 70.Retention in business (F7-F8-F9) 4.Intangible assets 6.284 (41.832.30 22.152 0 101.Assets turnover ratio [F1 to (A+B)] 5.648 40.002 79.06 3.Dividend cover ratio [(F7-F8) to F9] 12.152 0 260.82 7.082 1.623 4.147) 4.198 30.25 43.092 0 0 2.708 23.925 29.80 5.Debentures/TFCs 4.713 0 72.291 94.000 0 56.000 0 1.27 0.09 23.00 -2.785.12 -0.120 1.017 0 0 2.954 22.77 6.718 0 604.Inventory Turnover Ratio (F1 to B2) 13.832.61 1.746 239.819 0 27.973 10.212 195.Capital work in progress 2.619 943 44.089 173.338 13.933 289.Capital Reserve ii).02 2.93 2.Depreciation for the year 5.568 801.Cash flows from operations 868.17 4.745 407.Local sales (Net) ii).13 3.20 40.184 217 524.77 16.Trade Debt as % of sales (B3 as % of F1) 4.79 31.321.(A+B)] 9.Export Sales (Net) 2.56 4.643 77.032 0 534.403 453 30.866 415.420 0 279.000 0 53.000 0 170.09 4.05 -13.35 0.62 23.233 0 173.Short term investments 5.888 133.530 331.70 1.Issued.51 7.165 4.890 240.Total fixed liabilities (D1+D3) 3.Operating cash flow to debt ratio [F11 to (C+D)] 16.315 42.64 5.29 134 .703 46.Sales i).Salaries.Total value of bonus shares issued 11.089 4.Operating fixed assets after deducting accumulated depreciation 4.40 12.807 68.032 258.542 0.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.50 37.75 0.881 - F.632 74.650 27.35 0.075 40.620 30./share) [(F7-F8)/No.315 86.36 0.116 62.589 1.01 -4.382 238.000 0 101.212 45. shares) - - 6.28 2.Administrative and other expenses 5.43 5.Revenue Reserve 3.000 0 279. administrative and other expenses i).252 74.056 158.487 31.000 1.517 182.37 0.619.084 0 0 2. Subscribed & Paid up capital i).062 27.492 200.343 22. of Ord.Financial expenses of which: (i) Interest expenses 7.10 0.652 129.996 37.04 8.000 30.Preference shares 2.Return on capital employed ( F7 as % of avg.364 0 0 1.881 30.095 198.004 32.119 342. A.127 (3.66 0.325 13.238 0 170.277 215.071 213.973 0 0 0 42.546 1.681 115.937 1.500 0 81.81 94.000 30.Long term secured loans 2.152 30.246.Return of equity (F7 as % of avg.203 81.890 336.615 849.Reserves i).50 1.765 117.80 41.29 -42.620 0 53.04 2.64 5.16 60.763 23.361 123.Financial expenses as % of sales (F6 as % of F1) 3.Return on assets [F7 as % of avg.Other non-current liabilities E.893) 269.246.116.782 24.196 179.Key Performance Indicators 1.274 37.22 3.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.326 136.190 1.336 28.50 1.Cost of sales i).03 50.492) 120.465 46.664. E) 10.87 -0.Cash & bank balance 2.40 66.Short term Secured loans 2.944 55.Acid test or quick ratio[(B1+B3+B4) to C] 2.179 120.Financial Statement Analysis of Non Financial Sector 2013 Shadab Textile Mills Ltd.06 3.676 195.52 0.561 60.511 211.103 28.603 251.307 0 1.997 118.Shareholders Equity (E1+E2+E3) 1.380 871.654 42.201 68. wages and employee benefits 6.156.71 3.489 768 127.Net profit margin (F7 as % of F1) 15.009 80.672 608.844 94.73 -2.589 66.89 0.745 226.12 88.Other non-current assets B.030 6.80 0.345 0 0 G.451 1.000 0 70.880 106.Other input cost 3.939 50.14 Items 512.093 778 22.747 245.Employees benefit obligations 5.420 0 - 874.183 45.80 -1.174 1.571.095.238 0 340.375 127.Cost of goods sold to sales (F2 as % of F1) 7.Current Liabilities (C1+C2) 1.Ordinary Shares ii).394 0 152.99 0.720 294.82 87.Other current assets C.General.Long term investments 7.420 30.73 16.29 1.000 30.13 2.116 0 58.346 271.257 0 0 2.22 25.923 40.49 3.83 25.957 31.56 103.99 2.16 14.Net profit before tax 8.225 35.21 3.Contractual Liabilities (G2+C1) H.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 287.Non-Current Assets (A1+A3+A5+A6+A7) 1.382 255.420 68.963 168.728 83.487 3.857 309.382 372.82 1.950 138.546 0 1.784 1.142 3.Other current liabilities D.000 0 34.07 94.83 -20.000 30.928 868.486 0 0 0 48.447 31.838 91.Gross Profit 4.619.179 196.62 97.343 32./share) (E/No.290 0 0 0 49.120 0 1.734 1.989 22.413 1.238 30.67 1. G1) 11.Current ratio (B to C) 6.432 29.090 132.17 4.210 89.613 300.

408.309 4.517 33.810.194.674 1.616 0 2.101.986 2.Shareholders Equity (E1+E2+E3) 1.535 0 250.219 (362.477.350) 529.06 12.704 1.90 6.679.Return of equity (F7 as % of avg.57 8.130 79.79 0.677 1.628.25 -0.Tax expense (current year) 9.466 (88.192.157 36. administrative and other expenses i).Long term secured loans 2.76 7.220 0 0 14.459 0 189.852 216.003 46.031 397.913 5.286 0 (73.Cost of material ii).227 2.177. shares) - - 3.66 0.746 84.767 127.611 67.Depreciation for the year 5.097.Miscellaneous 1.239 101.448 4.905) 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.342 1.145 2.061 0.03 38.796 2.877.19 -4.Trade Debt as % of sales (B3 as % of F1) 4.Total fixed liabilities (D1+D3) 3.960) 1.904.Intangible assets 6.Other current assets C.423.954 372.24 4.Financial expenses of which: (i) Interest expenses 7.Issued.490) 652.040.158 161.82 -0. E) 10.424 4.15 5.096 344.309 0 0 44.48 Items 1.762 (59.739.59 -0.02 0.751 121.852 680.155.64 2.180 2.906 308.819 1.466 99.236.Other current liabilities D.773 3.609 176.418 176.138 923.281.94 -24.59 -6.796 182.91 0.Inventories 3.Retention in business (F7-F8-F9) 4.445.114 1.980.68 5.261 701.468 1.568) 4.393.Capital work in progress 2.119 5.Debentures/TFCs 4.512 1.20 1.126 1.367 176.436 1.367 0 27.641 4.367 176.64 -7.860 4.219 (149.576 44.757 204.114 253.158 79.498.448 268.269 0 171.598 8.48 35.Cash & bank balance 2.538 738.277.69 19. Subscribed & Paid up capital i).847.Reserves i).Export Sales (Net) 2.925) 478.702 185.361 180.411 556.844 581.288 99.478 615.657.787 0 175.18 7.692 1.91 .537.20 -52.Operation: 1.85 0./share) (E/No.488.367 0 32.358 1.830 208.662 191.562 108.Long term unsecured loans 3.336 606.187 34.011 (188.71 0.593 3.47 7.437 28.112.170 466.938) 501.40 5.153) 42.689.623.168 5.537 35.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14. shares] 17.61 1.568.968 2.689.Other non-current assets B.Operating fixed assets at cost 3.487.625 30.714 176.Cash flows from operations 2.719) 53.929 405.55 99.266) 635.50 3.587 0 276.219 (78.Contractual Liabilities (G2+C1) H.Return on assets [F7 as % of avg.724 2.587 45.Gross Profit 4.816 614.16 9.Administrative and other expenses 5.479 1.241 3.944 142.788 538.072 618.21 39.570 71.304 45.830 0 397.594.804 88.501 1.089 - F.83 2.(A+B)] 9.575 36.505.111) 6.General.Inventory Turnover Ratio (F1 to B2) 13.944 (312.Return on capital employed ( F7 as % of avg.505 399.744 58.Selling & distribution expenses ii).709.543.367 176.30 1.367 0 (25.59 9.309 (8.572 1.50 -30.141 207.73 3.401 0 0 G.Ordinary Shares ii).24 4.120.Revenue Reserve 3.Trade Debt 4.542 125.394 0 27.82 135 - - - 8.23 3.524 1.985 1.23 4.618 176.078.Local sales (Net) ii).98 -2.19 0.998 1.70 -2.25 0.832 2.19 -5.22 1.07 -17.848 0 0 12.00 -4.919 0 0 138.Current Liabilities (C1+C2) 1.251 4.Current ratio (B to C) 6.200 0 283.826 1.113 169.007 0 0 10.930 115.579.322) 56.19 11.78 94.090 961.396) 497.668 2.521 630.367 176.219 (25.003 394.76 0.720 5.081 633.976 815.850 1.107 1.559 404.654 100.833 581.183 0 21.718 4.246 188.392 232.297.566.954 1.410 43.54 95.Long term investments 7.201 2.68 -3.260.13 0.037 1. G1) 11.Acid test or quick ratio[(B1+B3+B4) to C] 2.853 1.251.782 234.520 251.075.144.651.21 2.044 72.11 4.575 99. of Ord.744 (194.Current Assets (B1+B2+B3+B4+B5) 1.07 3.Sales i).733 31.735.246.768 176.01 1.334 1.340.760 841.654 75.752 644. wages and employee benefits 6.414 1.737 2.692 332.939 135.892 2.Financial Statement Analysis of Non Financial Sector 2013 Shadman Cotton Mills Ltd.05 32.484 326.243 78.72 95.19 -1.250 5.131) 53.774) 1.55 26.326 8.818 0 351.85 2.445 161.242 0 19.474 0 0 5.348 150.028 181.04 -5.Total capital employed (E+D) 2.30 0.177.Other input cost 3./share) [(F7-F8)/No.726 208.350 855.523.133.718.098 169.Short term investments 5.759 1.110.098 - 3.151 87.252 458.Total amount of dividend 10.921 1.911 251.852 276.648 144.805 38.070.Non-Current Assets (A1+A3+A5+A6+A7) 1.367 176.14 2.Earning per share after tax (Rs.Employees benefit obligations 5.900 0 0 366.139 14.Dividend cover ratio [(F7-F8) to F9] 12.19 6.Other non-current liabilities E.348.543 4.56 7.341 18.Key Performance Indicators 1.958 44.382 479.367 0 (96.251 120.215.572 678.102 232.456 176.251.035 359.012.Preference shares 2.108 1.Debt equity ratio [(C+D) to E] 8.453.Operating fixed assets after deducting accumulated depreciation 4.680 691.04 -10.Financial expenses as % of sales (F6 as % of F1) 3.374 272.367 0 (309.219 (231.364 0 34.367 0 (178.63 -47.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.413 0 1.610.79 0.706) 53. of Ord.257 2.Cost of sales i).Capital Reserve ii).089.172 399.977 285.358 89.742 0 0 15.34 -0.Net profit margin (F7 as % of F1) 15.Cost of goods sold to sales (F2 as % of F1) 7.Break-up value shares (Rs.Total value of bonus shares issued 11.823 53.222 1.326 626.62 -21.Assets turnover ratio [F1 to (A+B)] 5.547 3.072) 1.Salaries.791 236.32 1.783 182.16 12.731 (32.504) 14.29 0.93 0.42 9.24 -9.960 1.12 21.292.Net profit before tax 8.418 205.158 71.29 0.361.955 34. A.268.Short term Secured loans 2.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 961.849 0 0 212.382 1.481 2.69 95.521 (269.62 0.375 11.812.602.43 1.553.88 8.69 88.05 0.15 0.367 176.235 1.120 25.10 -11.451 0 0 (86.026 61.047) 53.64 0.59 1.

243 178.492 50.51 0.319 96.725 209.336 774.136 0 0 G. wages and employee benefits 6.General.Operation: 1.186 54.335 672.Revenue Reserve 3.99 2.Return on assets [F7 as % of avg.78 2.482 0 0 27.Administrative and other expenses 5.456 0 137.986 17.Selling & distribution expenses ii).986 0 0 31.386 13.717 71.32 71.738 53.46 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.985.13 6.Current Liabilities (C1+C2) 1.480 2.74 13.600 96.32 Items 918.247 556.504 0 3. of Ord.298 218.750 75.600 96.Miscellaneous 1.79 4.081 336.36 38.Total amount of dividend 10.09 13.589 887.00 1.122 7.223.344 1.495.759 1.243 494.972 102.441.85 4.829.478 0 746.Tax expense (current year) 9.906 3.92 8.600 96.563 551.669 332.52 12.740 0 0 20.490) 3.009 107.47 3.011 96.Other non-current assets B.643 1.441 36.Gross Profit 4.Reserves i).042 106.05 18.913 764.245 0 0 27.218 573.Total value of bonus shares issued 11.Operating fixed assets at cost 3.737 0 1.Long term unsecured loans 3.771 316.399 0.235.10 41.044 0 0 26.202.276 2.511 50.Assets turnover ratio [F1 to (A+B)] 5.60 1.803 87.070 178.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 758.84 13.912 322.Debentures/TFCs 4.08 0.281 689. E) 10.205 4.Inventory Turnover Ratio (F1 to B2) 13.(A+B)] 9.481 42.72 15.27 91.450 1.110.026 443.002 682.308 59.698 16.223 15.499 2.Cost of material ii).00 0.Total fixed liabilities (D1+D3) 3.312 356.82 1.701 0 574.620 1.944 121.683 115./share) (E/No.328 769.176 33.00 0.20 2.68 4.63 3.459 110.529 457.774 426.754 654.39 23.039.32 0.Cash flows from operations 1.261 116.73 13.653 43.509 122.754 0 0 2.324 3.069.86 67.Key Performance Indicators 1.02 2.00 1.594 12.746 138.600 0 272.978 60.682 263.610 419.270 1.401 0 58.Trade Debt 4.475 690.861 52. of Ord.42 13.021 359.Operating fixed assets after deducting accumulated depreciation 4.236.424.153.79 2.775.868 743.035.Dividend cover ratio [(F7-F8) to F9] 12.015 400.Total capital employed (E+D) 2. G1) 11.62 7.846 56.208 174.493 0 400.Preference shares 2.Financial Statement Analysis of Non Financial Sector 2013 Shahtaj Textile Ltd.Cash & bank balance 2.596 40.386 487.627 0 67.678 616.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.794.613 154.480 142.49 0.035 26.595 3.292 2.470 0 102.48 41.805.697 67.649 497.736 10.47 3.06 12.Break-up value shares (Rs.Intangible assets 6.47 2.416 614.Current ratio (B to C) 6.10 9.740 14.81 2.226 981.24 21. shares] 17.043 1.15 1.Current Assets (B1+B2+B3+B4+B5) 1.Cost of sales i).212 510.354 46.960 0 (39.35 1.652.636 57.02 93.328 39.Non-Current Assets (A1+A3+A5+A6+A7) 1.686 792.14 1.Capital work in progress 2.731 85.Debt equity ratio [(C+D) to E] 8.651.195.347 3.738 0 337.620 51.Export Sales (Net) 2.001.133 81.06 17.Net profit before tax 8.Financial expenses of which: (i) Interest expenses 7.600 0 337.19 8.970 460.85 1.146 - 2.496 256.950 1.686 201.Long term investments 7.701 527.829 96.987 937.984.590 299.983 780.140 32.70 3.935 129.71 0.458 527.51 0.460 96.08 1.624 1.Earning per share after tax (Rs.520 930.68 1.686 208.Sales i).11 88.340 3.Net profit margin (F7 as % of F1) 15.Capital Reserve ii).251 800.815 67.Trade Debt as % of sales (B3 as % of F1) 4.67 3.730 457.739 912.135 62.312 146.338 188.925 420.14 88.Other current assets C.810 0 268.600 96.04 0.125.70 50.284 654.65 1.793 87.976 652.884 1.969 1.434 758.858 1.320 0 187.38 96.80 -0.600 0 624.412 69.600 0 540.610 888.31 7.Other non-current liabilities E.165 183.471 96.500 10.600 96.279 699.088 133. administrative and other expenses i).377 123.600 96. shares) 10.778 19.371 739.Short term investments 5.910 336.019 1.858 1.828 3.441.Issued.Cost of goods sold to sales (F2 as % of F1) 7.064 292.138 26.725 0 624.231.638 187.064 234.175 4.37 90.847.Return of equity (F7 as % of avg.882 282.374 1.32 1.52 11.597 239.198.600 0 243.Short term Secured loans 2.78 3.Contractual Liabilities (G2+C1) H.046 2.926 96.49 3.Local sales (Net) ii).608 0 0 28.23 5.12 3.558 38.88 30.493 3.219 56.634 191.106 3.31 9.786.205 652.592 226.335 91.Long term secured loans 2.201 96.433 16. Subscribed & Paid up capital i).Other current liabilities D.79 0.69 2.Other input cost 3.600 0 504.42 89.227 569.58 2.837 270.30 0.164 735.672 139.282.226 256.839 1.462 3.687 92. A.136.Return on capital employed ( F7 as % of avg.Employees benefit obligations 5.08 2.266 0 0 3.215 201.861 0 504.168 333.969 866.84 2.014 512.20 2.687 154.Financial expenses as % of sales (F6 as % of F1) 3.Retention in business (F7-F8-F9) 4.128 116.492 0 0 24.704 75.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.823 747.189 96.59 2.98 2.21 5.308 0 243.20 136 .721 985.745 399.868 884.03 19.854.279 70.198 393.023.78 0.308 256.06 23.717 0 0 38.50 2.Ordinary Shares ii).545 9.767 286.411 - F.15 12.382 0 100.18 3.926 35.810 107.189 113.Inventories 3.667 157.02 2.831 72.701 804.244.895 82.027 4.596.Shareholders Equity (E1+E2+E3) 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.453 544.378.Salaries.139.815 62.72 0.Depreciation for the year 5.93 1.795 415.493 369.059 0 85.186 0 540.04 12.22 1.976 134.044 133.679 2./share) [(F7-F8)/No.823 115.574 149.89 2.640 0 442.382 301.

706 83.96 3.635 77.378 3.740 1.640 441.350 143.01 91.Return on assets [F7 as % of avg.78 10.Short term investments 5.264 5.Total value of bonus shares issued 11.664 (63.29 0.99 14.27 19.721 361.269 70.388 840.402 166.83 4.31 9.66 72.971 0 122.Local sales (Net) ii).219 403.637 4.568 1.66 0.Operating fixed assets at cost 3.441 1.162 146.265.Cost of sales i).848 453 114.73 1.Dividend cover ratio [(F7-F8) to F9] 12.422 275.494 2.267.795 58.009 3.Inventories 3.35 11.629 345.07 3.746 1.018 433.724 240.Capital work in progress 2.41 0.01 2.837 1.704 2. A.801 301.607 1.459.Net profit margin (F7 as % of F1) 15.Ordinary Shares ii).Sales i).63 61.970 531.476 57.767 635.89 9.977.124 0 180.986 0 169.29 1.631 747 107.250 0 257.965 17.37 1.53 3.95 0.162 5.409 57.Current Assets (B1+B2+B3+B4+B5) 1.946 326.714 179.Net profit before tax 8.326 164.882 120.00 15.25 20.756 185.50 3.920 135.086 96.828.Cost of goods sold to sales (F2 as % of F1) 7. of Ord.019 5.93 -8.470 8.512 26.661 543.409 120.72 0.89 0.50 0.558.108.Debt equity ratio [(C+D) to E] 8.265.16 5.369 53.258 46.577 208.324 13.Reserves i).Operating cash flow to debt ratio [F11 to (C+D)] 16.35 0.526 135.813 4.685.977 0 17.185.852) 117.Inventory Turnover Ratio (F1 to B2) 13.149 2.354 100.Other current assets C.05 0.826.776 0 115.642 365.97 11.223 498.961 0 122.331 52.838 1.442 164.878 75.Other non-current assets B.498 75.33 18.909 79.21 1.396 80.342 4.107 47.Miscellaneous 1.224 53. Subscribed & Paid up capital i).394 - F.317 584.Return of equity (F7 as % of avg.492 5.566 219.08 3.571 0.863 536.971 1.00 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.917 511.288 337.50 0.565 407.192 248. administrative and other expenses i).996 265.Return on capital employed ( F7 as % of avg.38 0.Other non-current liabilities E.172 0 337.82 94.302 875.Cost of material ii).Capital Reserve ii).300 517.950 80.290 641.056 1.944 3.241 4.801 42.526 135.176 1.Depreciation for the year 5.228 198.413 76.822.060.622 258.644 120.29 1.758 0 204.168 179.Gross Profit 4.33 0.51 -5.786 4.88 0.127 250.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Salaries.158 1.197 5.724 3.659 367.348.610 13.073 479 266.946 0 (1.784 225.400 158.331 366.949 230.581 77.385 2.170 134.14 37.397 1.946 179.579.480 145.860 625.075 3.844 161.887 687.24 1.Preference shares 2.61 21.110 1.273.Intangible assets 6.820 1.17 91.526 0 151.Other input cost 3. G1) 11.623 41.478 1.76 1.466 30.472.Long term investments 7.800 43.714 179.248 776. E) 10.31 0.477 0 21.420 372.513.491) 7.954 49.050 20.299 166.398 5.21 1.505.490.Long term secured loans 2.098 240.55 1.885 57.98 83.043 0 216.28 13.502 751 136.254 149.264 71.General./share) (E/No.Shareholders Equity (E1+E2+E3) 1.38 0.796 402.252.498.473 179.Operating fixed assets after deducting accumulated depreciation 4.Trade Debt as % of sales (B3 as % of F1) 4.168 1.928 1.273 137.23 -4.057 2.13 10.436.172.444 177.464.Trade Debt 4.761 0 0 200.Total fixed liabilities (D1+D3) 3.Key Performance Indicators 1.Financial Statement Analysis of Non Financial Sector 2013 Shahzad Textile Mills Ltd.31 15. shares] 17.014 188.707 285.76 1.Debentures/TFCs 4.02 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 809.Retention in business (F7-F8-F9) 4.493 1.43 0.Earning per share after tax (Rs.971 1.244 2.530 101.554.742 200.557 345.014 0 0 49.126 50.206.526 135.216 131. wages and employee benefits 6.801 47.476 286.14 7.867 450.695 16.01 3.124.253) 490.10 -3.Short term Secured loans 2.68 1.Revenue Reserve 3.Export Sales (Net) 2.868 135.288 370.286 154.Total amount of dividend 10.594 201.806 190.675 1.Administrative and other expenses 5.554. of Ord.714 179.21 2.338.026 504.892 35.75 6.292.Break-up value shares (Rs.802 313.292 (55.374 135.178 6.112 479.447.76 7.707.836 87.Assets turnover ratio [F1 to (A+B)] 5.Operation: 1.47 19./share) [(F7-F8)/No.68 2.526 0 313.045 1.890 944.769.105 289.80 Items 1.096 5.476 1.187 389.264 77.Financial expenses as % of sales (F6 as % of F1) 3.740 2.286 1.796 803.Other current liabilities D.714 0 540.943 4.34 0.44 0.845 1.154.914 204.627 78.07 5.424 346.229 53.428 238.488 1.474 45.Employees benefit obligations 5.422 6.650 195.194 33.589.26 137 .Long term unsecured loans 3.Issued.543 42.409.901 49.Acid test or quick ratio[(B1+B3+B4) to C] 2.548 322.714 0 809.130 42.589 185.173 612 169.67 58.463 4.635 21.20 0.(A+B)] 9.Tax expense (current year) 9.633 15.52 11.838 20.171.984 263.00 -0.337 1.852 66.423.873 384 76.60 2.935 313.Cash flows from operations 1. shares) - - 8.904 117.Current ratio (B to C) 6.84 95.951.000 0 38.664 20.13 4.026 0 238.05 88.192 508.796 534.918 1.266 1.Current Liabilities (C1+C2) 1.19 13.116.030 0 0 G.Contractual Liabilities (G2+C1) H.Financial expenses of which: (i) Interest expenses 7.508 34.602 520.97 67.80 0.066 798.297.Cash & bank balance 2.526 0 369.984 101.20 8.634 385.09 4.27 0.545.96 1.58 1.957 0 332.64 11.26 -2.217 2.994 742.714 0 408.000 0 29.590.018 809.823 8.223.212 81.190 549.68 1.37 0.Total capital employed (E+D) 2.446 195.181 1.164 413.57 0.15 17.07 2.136 - 2.511 57.057 22.931 2.508 1.218.01 90.894 1.501.520 125.098.060 981.Non-Current Assets (A1+A3+A5+A6+A7) 1.933.273 42.438.628 417.Selling & distribution expenses ii).99 12.281 52.

33 0.747 11.80 1.Gross Profit 4.036 684.241 725.278 133.400 86.524 408.92 3.483 204.Inventory Turnover Ratio (F1 to B2) 13.32 4.10 -6.186 73.379 111.Non-Current Assets (A1+A3+A5+A6+A7) 1.548 314.Shareholders Equity (E1+E2+E3) 1.746 677.930 0 327.476 948.Total fixed liabilities (D1+D3) 3.Return of equity (F7 as % of avg.709 107.280 0 266.00 -4.66 8.52 2.Current Assets (B1+B2+B3+B4+B5) 1.400 86.180 130.955) 4.750 41.753 23.084 90.Trade Debt as % of sales (B3 as % of F1) 4.Acid test or quick ratio[(B1+B3+B4) to C] 2.588 2.682 68.149 4.Cost of material ii).400 0 458.Return on capital employed ( F7 as % of avg.49 2.838 43./share) (E/No.54 37.400 86.030 254.536.Operating cash flow to debt ratio [F11 to (C+D)] 16.650 0 0 G.865 105.89 20.565 (3.631 544.156 131.14 43.340 754.651 3.534 365.42 6. administrative and other expenses i).789 166.563 369.198.586 86.92 1.22 2.192 4.286.54 4.942.641 983.101) 884.709 0 0 0 398.664.849 341.86 91.55 0.933 (121.874 0.907 86.Financial expenses as % of sales (F6 as % of F1) 3.351.Key Performance Indicators 1.368 549.206 36.643 (28.739 339. of Ord.28 3.81 10.13 138 5.334 88.Operating fixed assets at cost 3.821 62.400 0 424.034 114.269.640 398.903 789.495 671.139 123.271 256.490 212.51 6.59 59.800 0 447.83 0.62 1.044 123.667 83.05 0.107 32.24 3.Financial Statement Analysis of Non Financial Sector 2013 Shams Textile Mills Ltd.939 3.11 3.13 -1.Other non-current liabilities E.779 990.Other non-current assets B.93 -25.316.143 0 0 1.205.618 355.33 0.300.400 0 490.69 9./share) [(F7-F8)/No.762 114.735 286.284.Tax expense (current year) 9.342 89.837 0 (39.001 128.358 2.Break-up value shares (Rs.Return on assets [F7 as % of avg.814 2.169.339 399.859 605.675 (116.65 0.949 838.400 86.78 1.404 122.74 10.814 30.21 2.456 1.538.933 39.298 137.740 134.Cost of sales i).173 62.244.658 1.509 114.516 327.996 89.550.143 253.642 206.576 692.998 84.Selling & distribution expenses ii).107 0 0 0 6.91 12.343 645.Other input cost 3.962 346.774 416.525 86.96 8.296 20.40 7.748 19.403.Sales i).889 747.05 25.493 2.Capital Reserve ii).70 63.016) 11.400 0 312.075 916.57 7.700.Dividend cover ratio [(F7-F8) to F9] 12.697 227.Preference shares 2.771 0 824.Salaries.86 3.01 2.559 599.34 0.081 29.21 0.558.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 985.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.713.Assets turnover ratio [F1 to (A+B)] 5.99 10.306 0 854.182 530.129 0 0 1.137 95.400 0 444.019 113.75 2.Earning per share after tax (Rs.667 91.471 13.930 510.229 539.862 191.758 1.48 Items 1.659 642.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.228 206.660 673.611 719.726 313.213 1.020 246.Reserves i).Operating fixed assets after deducting accumulated depreciation 4.400 86.237.37 1.565 0 0 0 7.002 27.50 1.46 .93 0.Total capital employed (E+D) 2.95 -0.912.973 886.Operation: 1.Financial expenses of which: (i) Interest expenses 7.630 - F.02 0.653 40.859. shares] 17. shares) - - 6.99 66.166 49.57 5.244 0 0 (146.590 2.Current Liabilities (C1+C2) 1.346 86.679 93.93 3.788.13 15.192 238.113 0 751.49 4.410.815 27.07 2.576 769. E) 10.633 0 0 0 13.533.589.576 88.Revenue Reserve 3.142 1.72 -15.563 379.773.474 808.Net profit margin (F7 as % of F1) 15.73 94.649 2.Intangible assets 6.Short term investments 5.659 1.726 226.374 54.Long term unsecured loans 3.170 43.Current ratio (B to C) 6.241 87.Depreciation for the year 5.238 859.967.78 93.414 1.360 617.846 110.620 14.223 203.040 2.Short term Secured loans 2.343 292.55 -4.Miscellaneous 1.640 4.Trade Debt 4.610 83.451 50.74 0.Long term investments 7.734 86.324 0 188.095 321.342 532.19 0.585 165.86 -2.20 87.170 139.305 4.618 641.84 95. Subscribed & Paid up capital i).435 1.416 88.14 4.056 78.Debt equity ratio [(C+D) to E] 8.Issued.Ordinary Shares ii).271 - 2.958 0 789.381 18.192 66.Other current liabilities D.672 772.824 98.611 679.976 86.47 6.946.112 897.957.44 32.831 73.Other current assets C.481 48.73 99.Long term secured loans 2.723 11.040 82.849 1.Local sales (Net) ii).024 604.35 11.603 414.920 0 332.866 7.763 0 0 1.367 73.075 98.922 1.633 127.Cost of goods sold to sales (F2 as % of F1) 7.748 3.Capital work in progress 2.545 809.33 0.09 2.214.801 147.039 877.44 35.604.422 173.Net profit before tax 8.621 276.(A+B)] 9.125 101.97 0.27 16.186 277.Total value of bonus shares issued 11.124 0 0 1.Cash & bank balance 2.338 289. wages and employee benefits 6.Administrative and other expenses 5.43 2.236 109.753 2.15 2.23 2.007 212.282 1.02 46.Employees benefit obligations 5. of Ord.939) 4.General.162 0 0 45.576 994.621 13.33 0.507 - 9.109 3.354 37.763 112.351 84.Contractual Liabilities (G2+C1) H.77 10.82 0.666) 605.Export Sales (Net) 2.094 123.819 1.036 312.563.40 -1.608 10.400 86.617 154.Total amount of dividend 10.086 39.Inventories 3.064 3. A.046 955.94 1.074) 959.045 25. G1) 11.007 0 0 1.76 0.29 13.631 88.905 50.Cash flows from operations 2.030 2.11 -0.36 61.671 443.980 17.264 84.26 1.Debentures/TFCs 4.735 300.242 985.Retention in business (F7-F8-F9) 4.834 103.889 577.400 0 773.098 404.561.77 87.994 0 850.34 0.04 -14.946 92.05 -4.070 3.

Return on capital employed ( F7 as % of avg.02 1.06 -0.Intangible assets 6./share) (E/No.Retention in business (F7-F8-F9) 4.04 -126.621) 0 (437) 0 (3.Operating cash flow to debt ratio [F11 to (C+D)] 16.498 0 6.380 2.Local sales (Net) ii).03 11.94 5.Sales i).522 0 (3.300 0 2.52 -4.00 -0.996) (414) (37.Selling & distribution expenses ii). of Ord.12 -0.Net profit before tax 8.856 0 5.05 0.Operation: 0 0 0 0 1.79 -7.176 1.Trade Debt 4.10 -0.253 0 (38.289 2.Depreciation for the year 5.739 0 0 0 0 1.95 - - - - - - 0.08 -126.General.253 0 (37.874) (414) (37.711 - 0 0 0 0 0 0 0 1.Cost of material ii).957) 0 1.03 0.08 -1.Cost of goods sold to sales (F2 as % of F1) 7.300 997 11 0 10.Financial Statement Analysis of Non Financial Sector 2013 Sind Fine Textile Mills Ltd.Issued.Operating fixed assets after deducting accumulated depreciation 4.Capital Reserve ii).470) 0 1. Subscribed & Paid up capital i).12 -1.625 103 0 0 10.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.00 0.083 3.Other input cost 3.16 0.Employees benefit obligations 5.00 0.842 0 14.Other current assets C.923) 34 (47.Non-Current Assets (A1+A3+A5+A6+A7) - 1.184) 0 10.797 0 2.02 0.Inventory Turnover Ratio (F1 to B2) 13.Long term investments 7.619 0 5.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.253 0 (37.498 0 0 0 0 0 0 (3.295 0 16.13 0.Debt equity ratio [(C+D) to E] 8.856 0 0 0 0 0 0 (3.Other non-current liabilities E.950 1.00 0.840 15 0 38 364 0 0 (708) 0 0 0 0 0 0 0 3.Tax expense (current year) 9.Cash flows from operations 0 3.343 0 16.316) 34.253 34.16 11.75 24.094) (414) (37.20 -10.083 7 (1.929 1.707 0 (7) 0 0.661 145 0 0 55 299 88 0 35 0 176 5.02 -1.(A+B)] 9.Break-up value shares (Rs.294 5.671) 0 (354) 0 (3.Dividend cover ratio [(F7-F8) to F9] 12.Administrative and other expenses 5.253 34.626 0 0 0 0 0 0 0 2.Operating fixed assets at cost 3.917 170 0 0 55 356 185 0 0 0 171 5.253 34.295 0 B.Revenue Reserve 3.380 2.Short term Secured loans 2.388) 82 0 0 G.Return on assets [F7 as % of avg.22 -30.12 2.739 6.Financial expenses as % of sales (F6 as % of F1) 3.972 0 14.06 0.Current ratio (B to C) 6.183 1.Miscellaneous 1.93 3.94 -1.Cash & bank balance 2.76 5.00 0.470) 0 (13.Reserves i).Salaries.253 0 (47.797 1.Earning per share after tax (Rs. shares] 17.Total value of bonus shares issued 11. E) 10.596 838 43 0 (286) 68 0 0 (287) 0 0 0 0 0 0 0 2.680) 0 13.Key Performance Indicators 1.840 13 0 388 395 0 0 (24) (13.253 34.10 -3.Return of equity (F7 as % of avg.596 0 1.Other non-current assets 14.252 28. 2009 2010 2011 2.Net profit margin (F7 as % of F1) 15.619 1.82 15.06 A.Export Sales (Net) 2.13 -1.182 10 0 (202) 235 0 0 681 0 0 0 0 0 0 0 3.10 -1.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 Items 0 0 (13.512 0 5.93 0.01 0.Current Liabilities (C1+C2) 1.02 -0.Capital work in progress 2.71 -0.Total fixed liabilities (D1+D3) 3.712 13.035 820 0 35 0 180 6.716 0 14.Cost of sales i).787 156 0 0 55 1.153 0 14.99 1. wages and employee benefits 6.Gross Profit 4.03 -1.Long term unsecured loans 3.Total amount of dividend 10.02 0.950 0 3.Debentures/TFCs 4.180 1.12 0.00 0.00 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.Preference shares 2.937 253 0 0 55 334 64 0 35 0 235 5.Trade Debt as % of sales (B3 as % of F1) 4.Assets turnover ratio [F1 to (A+B)] 5.07 -0.253 34.568) - F.Inventories 3.Long term secured loans 2.512 0 0 0 0 0 0 (3. shares) 139 - - - - - - -1.289 212 0 690 247 0 0 0 443 16.184) 34.03 .06 4.099 190 0 0 55 519 166 0 0 0 353 16.Total capital employed (E+D) 2.841) 0 (326) 0 8.Other current liabilities D.436) 34 (37.Current Assets (B1+B2+B3+B4+B5) 1.02 - - - - - - 0.Short term investments 5.671) 34.Ordinary Shares ii).992 0 26. of Ord.582) 10.253 0 (37.55 -1.52 1.968 34.00 0.841) 34.621) 34.Shareholders Equity (E1+E2+E3) 1.Contractual Liabilities (G2+C1) H.73 425.316) 0 (1. administrative and other expenses i).00 0.958 (47.929 0 3./share) [(F7-F8)/No.04 0. G1) 11.460) 0 1.Financial expenses of which: (i) Interest expenses 7.13 2.343 0 0 0 0 0 0 (13.03 0.

06 12.395 213.390 19.604 989.61 75.000 69.69 31.13 4.113 77.604 0 2.Financial expenses of which: (i) Interest expenses 7.Inventory Turnover Ratio (F1 to B2) 13.191 51.797 0 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Long term unsecured loans 3.19 0.857 481.81 0.Return on assets [F7 as % of avg.523 414.719 2.485 3.72 20.600 406.658.Export Sales (Net) 2.Current Liabilities (C1+C2) 1.022 1.36 5.Preference shares 2.Short term Secured loans 2.General.86 8.Assets turnover ratio [F1 to (A+B)] 5.166 28.872.510 0 0 G.367 80.259 56.113 915.545 41.950 18.767 547.Other current assets C.530 608.46 1.48 60.124 0 1.40 4.202 108.Long term secured loans 2.184 1.Intangible assets 6.58 0.695 1.581 168.454 42.835 72.10 0.512 445.79 13.684 51.000 0 1.011 157.318 4.789 52.639 0 163.74 10.171.Total value of bonus shares issued 11.03 1.Sales i).738 2.69 2.303 59.Current ratio (B to C) 6.362.253 725.184 106.996 15.771 142.250 1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.17 1.20 22.607 0 2.000 69.639 935.05 32.Operating fixed assets at cost 3.75 1.625 886.694 4.989.372 2.555 30.09 Items 1.719 658.75 14.571 1.489 74.Gross Profit 4.Issued.700 883.671 118.877 3.975 2. A.93 14.941 0 1.Total fixed liabilities (D1+D3) 3.63 44.652 520.Revenue Reserve 3.87 8.261 85.10 14.561.016 47./share) [(F7-F8)/No.342 79.42 3.873 3.580 89.08 33.38 0.Net profit margin (F7 as % of F1) 15.838 213.612 80.27 6.342 5.44 1.405.738 - 1.286 361.862 73.Earning per share after tax (Rs.196 32.776 52.301 178.424 141.687 69.648.009 2.44 1.591 68.435.000 69.074 3.305 676.980 835.983 210.144 1.Debentures/TFCs 4.59 238.04 1.000 69.156.342 435 1.857.683 129.14 29.Other current liabilities D.335 136.154 309.723.800 651.090 1.068 0 151.203) 4.576 237.Long term investments 7.133 0 0 25.04 0.296.743 912.Key Performance Indicators 1.054 124.821 49.Non-Current Assets (A1+A3+A5+A6+A7) 1.000 69.96 1.185.82 81.286 0 2.07 10.461 311.453.619 84.332 200.725 69.649 582.692 57.602 1.067 1.273 169.71 4.959.869 1.401 3.838 184.205 859.674 916.536 855.18 2.00 1.315 124.Employees benefit obligations 5.08 8.881 69.882 708.600 748.000 0 410.600 1.986 85.173 2.232 703.Break-up value shares (Rs.142 2.320 44.28 1.696 9.902.27 24.065 106.346 1.409.Operating cash flow to debt ratio [F11 to (C+D)] 16.06 176.Total capital employed (E+D) 2.782.739 522.000 0 234.Operation: 1.Depreciation for the year 5.496 120. G1) 11.922 864.133 381.758 140. shares] 17.399 25.049 846.181 3. wages and employee benefits 6.394 106.85 12.840 49.088 11.Operating fixed assets after deducting accumulated depreciation 4.Return of equity (F7 as % of avg.034 57.295 937.197.218 138.Other input cost 3.13 5.715 34.Trade Debt 4.138 4.37 0.Trade Debt as % of sales (B3 as % of F1) 4.319 410.342 435 1.215.01 33.110 2.48 4.278 0 74.Tax expense (current year) 9.Other non-current assets B.874 1.385.419.000 69.614.637 32.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 916.64 0.556 2.395 243.456 750.402 3.20 11.21 1.158 272.93 90.266.399 953.Other non-current liabilities E. Subscribed & Paid up capital i).518 627.688 635.486 82. administrative and other expenses i).Inventories 3.273.549.458 6.73 15.401 69.07 1.Shareholders Equity (E1+E2+E3) 1.968.210 291.332 0 0 15.902.411 253.515.15 0.23 83.75 48.942 399.Financial expenses as % of sales (F6 as % of F1) 3.615 858.191 0 0 7.175./share) (E/No.Current Assets (B1+B2+B3+B4+B5) 1.369.528 83.711 320.00 5.306 0 0 6.683 537.Short term investments 5.899 164.229 186.343 369.700 0 (42.000 0 346.642.113 832.918 134.48 94.59 7.98 16.96 3. of Ord.700 0 528.27 4.550.569 302.896 1.Cost of material ii).70 3.339 195.240.145 495.582.30 8.29 143.738 69.274 72.862 20.40 0.13 9.960 830.226 1.964 338.Return on capital employed ( F7 as % of avg.Capital Reserve ii).36 27.737 66.382 513.07 89.100 5.78 3.10 9.342 435 1.477.23 323.000 0 716.075 65.25 140 .384 1.64 4.Cost of sales i).67 2.252 89.Debt equity ratio [(C+D) to E] 8.511 20.652 132.736 1.96 1.19 1.455.776 106.Capital work in progress 2.319 0 414.000 0 752.09 0.097 71.Cash flows from operations 1. E) 10.343 0.331 49.113 36.627 527.669 86.610 210.000 - 2.941 580.277 419.38 8.186 864.495 3.Acid test or quick ratio[(B1+B3+B4) to C] 2.801 171.Cash & bank balance 2.127 185.900 0 435. of Ord. shares) 2.46 0.249 827.26 -0.883.Cost of goods sold to sales (F2 as % of F1) 7.319 415.651 0 186.19 0.465 F.580 894.Miscellaneous 1.343 0 0 16.600 1.Reserves i).Retention in business (F7-F8-F9) 4.351 18.918 218.50 21.600 973.374 69.50 89.510.499 3.444 599.180.502.Total amount of dividend 10.69 9.Local sales (Net) ii).Net profit before tax 8.73 22.342 5.Dividend cover ratio [(F7-F8) to F9] 12.08 1.Selling & distribution expenses ii).Salaries.399 156.234 123.891 1.07 12.Financial Statement Analysis of Non Financial Sector 2013 Sunrays Textile Mills Ltd.057 0 10.76 5.(A+B)] 9.60 4.11 1.572 38.135.969 85.740.943 15.229.723 28.91 0.623 466.135 0 2.342 69.711.153 462.737.Ordinary Shares ii).528 948.056 824.Contractual Liabilities (G2+C1) H.047 568.306 312.261 50.660 0 2.352 0 138.354 73.891 1.973 865.086 704.29 63.399 402.Administrative and other expenses 5.59 79.000 0 976.466 20.200.045 361.

675.672 406.Shareholders Equity (E1+E2+E3) 1.00 7.34 0.082 0 837.27 1.506 1.781 28.231 206. wages and employee benefits 6.74 84.691 457.466.303 1.20 4.510 1.242.857 1.987 118.000 180.Debentures/TFCs 4.855 3.710 592. A.322 0 34.027.561 4.41 0.213 443.000 198.39 2.595 3.145.924 22.33 0.Debt equity ratio [(C+D) to E] 8.823 216.Employees benefit obligations 5.460 146.426 3.83 4.Non-Current Assets (A1+A3+A5+A6+A7) 1.204 375.332 645.661 783.491 44.582 537.477 161.394 258.Total value of bonus shares issued 11.82 16.937 0.603 58.10 1.97 90.042 6.432.17 Items 3.961 180. Subscribed & Paid up capital i).183. of Ord.800 563.515 392.529 0 17 23.Current ratio (B to C) 6.46 5.Selling & distribution expenses ii).197.829 1.246 276.721 2.997 140.859 224.23 1.810 2.048.25 3.53 30.Assets turnover ratio [F1 to (A+B)] 5.856.Financial expenses as % of sales (F6 as % of F1) 3.323.Return on capital employed ( F7 as % of avg.95 0.011.096.66 128.321 7.Earning per share after tax (Rs.Cash flows from operations 4.328 1.Total fixed liabilities (D1+D3) 3.935 416.005 20.64 17.185 254.52 7.78 0.09 2.241 1.33 1.184 8.Long term investments 7.86 5.General.875 836.291.856 225.85 5.26 7.27 4.611 7.34 6.Cost of material ii).02 7.605 485.540 0 21 15.043 0 108.374.546 2.832.12 0.740 1.562 2.990 308.48 22.23 32.Local sales (Net) ii).974 430.161 1.67 17.567.443.54 0.066.527 3.628.144.907 452.224.Break-up value shares (Rs.223 3.08 5.34 45.080 5.000 0 400.331 360.000 0 1.53 6.167.873 1.515 17.Other non-current assets B.291.Contractual Liabilities (G2+C1) H.809 27.728 14.833 2.934 264.067 537.53 10.345 160. shares] 17.Cash & bank balance 2.867 0 2.957 0 0 0 210.83 1.914 2.150 2.43 77.348 29.Preference shares 2.Sales i).833.000 - 4.289.179 2.304.043.Export Sales (Net) 2.23 1.992 0 13 18.430 90. shares) 3.Gross Profit 4.029 1.691 0 1.653 1.27 7.264 37.974 3.634.47 0.087.354 837.797.445 0 1.Other non-current liabilities E.000 0 2.833 584.958.Capital work in progress 2.997 171.169.Short term Secured loans 2.888 9.221.29 0.065 79.056 6.072 196.93 20.505.480 1.024 3.357.61 5.015.961 - 3.901 37.000 0 1.172 238.855 196.150 234.978 1.829 180.070 1.000 0 534.89 24. administrative and other expenses i).40 2.93 10.Revenue Reserve 3.936.934 0 0 0 213.684 2.Intangible assets 6.00 42.71 1.455 22.Current Liabilities (C1+C2) 1.64 2.486 112.400 0 1.291.847 337.28 11.Capital Reserve ii).403 0 13 12.297 187.26 0.543 711.597 1.214.223.417.511.026 104.829 28.235 938.010.000 198.906.975 90. G1) 11.Key Performance Indicators 1.540 382.723 3.707 1.661 0 0 0 212.507 1.127.15 6.369 824.65 104.000 600 G.810.774.Other input cost 3.Financial expenses of which: (i) Interest expenses 7.458 11.350 151.91 2.000 0 1.174 59.702.Return on assets [F7 as % of avg. E) 10.854 795.116.518 135.780 205.567 455.376 1.717.51 78.Current Assets (B1+B2+B3+B4+B5) 1.467 18.494 433.27 3.882.Short term investments 5.Cost of sales i).639 0 0 0 128.59 5.25 10.Issued.984 3.90 2.000 34.Net profit margin (F7 as % of F1) 15.Long term secured loans 2.798 8.012 0 F.124.186.Operating fixed assets at cost 3.667 1.97 1.688 2.Inventory Turnover Ratio (F1 to B2) 13.296 241.36 1.415 1.118 1.588 1.Return of equity (F7 as % of avg.435 597.728.750 200.968 666.209 4.996 33.861 1.538 138.66 30.64 4.Net profit before tax 8.781 198.593.429 2.124.Operation: 1.787 244.428 1.896.905 4.816 555.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.57 6.817 1.101.646.186 3.754 1.666 885./share) [(F7-F8)/No.11 0.66 0.537 156.196 881.Total capital employed (E+D) 2.535 1.890 73.751 27.835 1.138 548./share) (E/No.515 180.035.941 5.841 191.099.000 18.817 52.91 4.164 3.Trade Debt as % of sales (B3 as % of F1) 4.41 2.692 165.877.081.973 281.208 1.817 698.02 0.515 248.257.345.254 2.401 87.01 4.714 549.60 86.834 189.000 0 2.800 19.91 0.859 416.143.962.790.424.287 2.000 180.060.05 0.929 5.109 13.083 110.239 177.Dividend cover ratio [(F7-F8) to F9] 12. of Ord.394.467 241.996 198.990 130.697.579.05 141 .230 562.Trade Debt 4.71 0.041 5.53 0.Reserves i).175 443.Tax expense (current year) 9.325 6.345 645.408.447.45 33.342 95.213 0 0 0 216.522 94.56 172.177.45 83.71 4.881 140.Operating cash flow to debt ratio [F11 to (C+D)] 16.(A+B)] 9.717 5.059 5.90 1.173 72.548 0 1.266 4.081.Other current liabilities D.957 497.43 0.348 2.644 5.154 266.995.675 8.381.459 432.826.Miscellaneous 1.02 28.983 383.924 180.235.95 88.055.Depreciation for the year 5.73 1.987.210.Administrative and other expenses 5.642 548.249 441.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.333 1.Other current assets C.59 5.843 337.000 180.Total amount of dividend 10.538.41 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.418 3.276 791.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 2.320 216.804 232.026 324.279.389 6.130.352.468 627.404.286 285.77 29.27 4.082 1.639 34.659 126.29 6.Cost of goods sold to sales (F2 as % of F1) 7.77 15.Financial Statement Analysis of Non Financial Sector 2013 Suraj Cotton Mills Ltd.325 315.97 5.Salaries.37 130.945.20 90.772 76.04 4.406 401.187 881.460.206 2.238 1.Retention in business (F7-F8-F9) 4.200 0 873.947.Operating fixed assets after deducting accumulated depreciation 4.716.Ordinary Shares ii).59 14.101 216.333 875.16 5.762.073 638.Inventories 3.318 2.000 180.477 35.003 131.Long term unsecured loans 3.132 108.751.758 6.386 2.

353 101.521 21.745 0 16./share) [(F7-F8)/No.20 -19.16 -12.10 0.80 -13.116) 154.17 0.343 0 197.941 (31.03 99.154 1.535 120.769 (14.19 -12.156 0 0 G.131 0 28.Retention in business (F7-F8-F9) 4.Other input cost 3.Shareholders Equity (E1+E2+E3) 1.02 0.48 0.012) 40.19 -24.356 183.306 195.72 0.19 0.273 2.42 -8.324 0 23.Return of equity (F7 as % of avg.Return on assets [F7 as % of avg.539 40.Current Liabilities (C1+C2) 1.52 1.16 -9.Debentures/TFCs 4.604) 36 0 0 (27.416 187.500 40.008 0 17.181 0 1.Gross Profit 4.771 0 0 6.30 .619 16.118 (14.425 (3.39 142 -14.Operation: 1.Long term secured loans 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.889 0 19.843 48.Other current liabilities D. administrative and other expenses i).33 990.90 -10.500 0 (89.441) 1.527 (39.954 0 13.Long term investments 7.500 0 (17.Trade Debt as % of sales (B3 as % of F1) 4.General.203) 2.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Cost of goods sold to sales (F2 as % of F1) 7.671 (4.195 115.271 105.026 1.68 0.879 311 409 0 (30.47 353.331 0 6.341 12.68 4.618 0 12.985 27.970 49.28 -18.569 0 116.14 11. Subscribed & Paid up capital i).68 -131.Employees benefit obligations 5.618 3.382 152.Reserves i).282 4.Ordinary Shares ii).407) 27.129) 0 0.997 35.22 641.432 0 0 5.Return on capital employed ( F7 as % of avg.500 0 (49.557 0 0 0 0 0 0 0 29.12 19.407) 0 (32.255 228.866 113.771 0 1.108 0 (32.Trade Debt 4.251 70.057 (17.500 40.Issued.Contractual Liabilities (G2+C1) H.997 (39.Total value of bonus shares issued 11.745 252.868) 0 0 0 0 0 0 0 17.Cost of material ii).859 0 199.476 14.927 79.26 534.Key Performance Indicators 1.569 78.91 - Items 339.Other non-current assets B.500 40.058) 27. A.473 (31. shares) - - - 8.524 85.Administrative and other expenses 5.Assets turnover ratio [F1 to (A+B)] 5.006 29.133 43.01 0.89 -32.253 0 30.524 24.54 6.733) 56 0 0 5.357) 0 (17.Local sales (Net) ii).Long term unsecured loans 3.79 -0.871 5.Capital work in progress 2.500 0 (32.68 12.Miscellaneous 1.29 0.22 70.Salaries.88 12.222 11.Tax expense (current year) 9.65 8.335 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 186.04 0.097 113.Capital Reserve ii).Net profit before tax 8.047) 0 (72.627 40.540 0 113.31 0.573 11.373 8.Operating cash flow to debt ratio [F11 to (C+D)] 16.053.879 0 29.389 29.Dividend cover ratio [(F7-F8) to F9] 12. E) 10. wages and employee benefits 6.880) 152.010) 93.Intangible assets 6.521 (31.Operating fixed assets at cost 3.985 4.Revenue Reserve 3.784 30.184 22.Inventory Turnover Ratio (F1 to B2) 13.550 0 339.069 18.770 8.564 2.421 230.411 49.166) 28.24 -5.500 40.345 38.Other current assets C.537 79.489 0 1.672 144.039 - 943 0 599 397 0 - F.35 -20.10 0.730 2.671 (21.20 -5.789) 149.954 2.70 -7.760 0 2.724) 1.67 -1.500 0 (72.44 -2.945 18.524 44.529 50.540 0 0 0 0 0 0 (9.335 0 0 0 5.909 56.Cost of sales i).559 40.315) 0 (30.065 0 260.Operating fixed assets after deducting accumulated depreciation 4.844 29.535 546 103.54 -34.499 14.356 186.333 65.640) 95.939 27.057 35.29 0.37 -33.838 8.Sales i).Short term Secured loans 2.Net profit margin (F7 as % of F1) 15.116) 0 0 0 157.34 -42.312 29.34 0. shares] 17.500 40.817 144.23 78.685 (9.34 - - 0.62 -230.470 48.00 0.981 116.535 120.22 0.Preference shares 2.01 -4.944 74.Cash flows from operations 231.047) 27.18 198.784 0 12.774 1.315) 40.131 3.88 -0.64 -1.401 129.619 188.69 0.62 -48.64 -0.873 6.Current ratio (B to C) 6.70 -7.671 35.Non-Current Assets (A1+A3+A5+A6+A7) 1.356 182.195 115.222 0 14.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.00 -8.54 -43.131 2.834 2.45 4.425 0 14.Cash & bank balance 2.628 29. G1) 11.Inventories 3.401 99.49 128.815) 0 - 2.02 -3.357) 27.Depreciation for the year 5.094.00 0. of Ord.Total amount of dividend 10.Financial expenses of which: (i) Interest expenses 7.57 0.981 0 339.300 29.01 -7.873 6.521 734 4.15 271.784 (9.129) 0 0 0 1.457 3.730 0 1.432 0 0 5.Short term investments 5.873 6.Financial Statement Analysis of Non Financial Sector 2013 Taha Spinning Mills Ltd.010) 0 0 0 1.859 0 199.220 77.Export Sales (Net) 2./share) (E/No.023) 40.Total capital employed (E+D) 2.008 1.71 -250.Total fixed liabilities (D1+D3) 3.185 0 0 0 99.99 - - -7.Financial expenses as % of sales (F6 as % of F1) 3.95 135.Earning per share after tax (Rs.118 21.815) 0 (49.557 (10.524 70.13 -0.Current Assets (B1+B2+B3+B4+B5) 1.(A+B)] 9.Selling & distribution expenses ii).04 - - 0.395 4.Debt equity ratio [(C+D) to E] 8.Break-up value shares (Rs.561 95.260 3.078 109.542 2.500 0 38.760 3.14 0.11 0. of Ord.386 35.500 40.884 0 0 5.848 2 0 (17.476 0 24.Other non-current liabilities E.058) 0 (89.59 453.

394.11 -5.Assets turnover ratio [F1 to (A+B)] 5.839 1.339 2. shares] 17.940 1.Other non-current assets B.489 467.838 142.196 2.732 2.202 221.585) 1.89 74.237 2.190 0 604.127 426.Current ratio (B to C) 6.074 209.650 2.25 1.07 7.186.944 175.273.598 290.421.35 -10.13 3.94 4.974 0 (718.Cash & bank balance 2.Cost of sales i).235 292.18 4.224 2.248 173.650 0 (165.Other input cost 3.707.416.917 296.530 - 2.742 105.98 82./share) (E/No.Total fixed liabilities (D1+D3) 3.153 3.Cost of material ii).204 3.254 2.300.381 297.260 770.52 143 .393 2.612 240.Current Liabilities (C1+C2) 1.51 5.248 284.219.70 2.044 1.Administrative and other expenses 5.Debt equity ratio [(C+D) to E] 8.157 209.52 114.Other non-current liabilities E.235 2.196.Cash flows from operations 2.366 326.670 189.10 3.811 34.719 0 8.726.305.248 173.868 2.940 0 0 574 1.Selling & distribution expenses ii).000 0 22.159.22 -13.305.37 0.225 1.390 0 946.615.964 1.725 2.982 25.Gross Profit 4.541 326.143 4.257 0 108.530 113.048.429.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.86 0.52 8.00 4.272.424.408 173.367.651.248 173.830 293.Employees benefit obligations 5.799 2.07 139.776 2.185 1.001 5.120.Financial expenses as % of sales (F6 as % of F1) 3.052 62.568 2.935 333.76 0.233.580.Net profit before tax 8.673 146.863 366.Miscellaneous 1.030 267.266 251.162 457.804.920 1.Revenue Reserve 3.563 424.242 173.016.Acid test or quick ratio[(B1+B3+B4) to C] 2.462.146.36 -0.Long term secured loans 2.764.555 1.837 4.70 1.609 235.Salaries.612 1.612.031 280.17 23./share) [(F7-F8)/No.371. of Ord.942 115.298 320.Break-up value shares (Rs.28 15.563 2.41 1.681 4.Total capital employed (E+D) 2.82 121.839 0 839.46 3.Financial expenses of which: (i) Interest expenses 7.395 12. E) 10.Return of equity (F7 as % of avg.Total value of bonus shares issued 11.27 -7.995 173.943 187.571 164.446.464 1.04 0.749 2.898 277.Current Assets (B1+B2+B3+B4+B5) 1.892.06 13.836.Export Sales (Net) 2.16 81.222.Dividend cover ratio [(F7-F8) to F9] 12.793 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 2.Tax expense (current year) 9.327.Preference shares 2.778 3.452.486.203 3.10 0.318.249 90.573) 2.375 154.995 25.49 -16.248 0 1.89 1.315 366.562.227 2.893.825.14 8.081 0 200.943 2.445 2.286.04 0.510 4.390 978.401 2.433.593 527.149.08 0.Inventories 3.Contractual Liabilities (G2+C1) H.585 51.933 608.402 246.82 5.Cost of goods sold to sales (F2 as % of F1) 7.803 1.583.69 1.031 267.909 119.971 1.962 (217.558 2.713 213.638 2.Depreciation for the year 5.118 0 181.248 0 946.15 6.18 1.470 1.58 0. of Ord.248 0 911.836 2.454 1.833 6.324 1.Capital work in progress 2.000 0 18.61 9.64 0.32 31.248 0 117.Operation: 1.677 4.04 -0.570 17.Operating fixed assets after deducting accumulated depreciation 4.311 111.670 208.105 933.01 0.292.621 1.590.Non-Current Assets (A1+A3+A5+A6+A7) 1.195 897.Financial Statement Analysis of Non Financial Sector 2013 Tata Textile Mills Ltd.620.56 1.694.376 2.027 127.982.09 11.614 1.390 398.356 295.306.Operating cash flow to debt ratio [F11 to (C+D)] 16.Earning per share after tax (Rs.106 224.957.830 0 0 606 1.318.490.96 1.759 200.952 4.930 4.25 9.Reserves i).324 275.109 0 0 G.073 238.65 1.650 55.554.688 532.856 0 0 563.417 281.379 206.Net profit margin (F7 as % of F1) 15.439 267.010 85.426 43.703 1.297 0 145.979 1.811 277.Return on capital employed ( F7 as % of avg.Shareholders Equity (E1+E2+E3) 1.12 23.General.248 173.36 7.745 1.722.415.080.195 0 911.247 2.549 126.349 128.453.783.247 173.098.592 24.396 261.563 936.693 1.76 16.269 3.42 0.017 0 153.303 947.Other current assets C.Short term investments 5.865 850.16 2.Trade Debt 4.111 119.389.11 12.66 99.Ordinary Shares ii).019.564.707 262.780 53.083 0 650 2.325 0 1.405 0 117.876 163.597 F.08 18.56 0.563 0 1.315 25.735.816 437.450 0 1.206 264.410.594 0 228.Issued.71 2.49 83.083 173.557 1.827 189.355 184.574 190.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.499 1.99 5.580.Operating fixed assets at cost 3. A.80 1. G1) 11.118 41. shares) - - 1.24 17.42 Items 2.415 2.982 14.993 2.548 212.74 84.444.913 735.938 26.94 5.855.277.Intangible assets 6.89 70.880 173.415.495 467.Short term Secured loans 2.431) 5.492 2.166 349.780 118.30 1.399 0 0 40.330.46 3.120 53.46 0.Capital Reserve ii).633 - 1.019 622.345.116.216.836 2.04 1.387.729) 22.568 1.99 85.Sales i).15 0.568 102.151 207.580 96.248 173.959.04 3.682 2.64 5.477 1.36 1.886 363.677 19.40 0.17 3.990.342 2.989 634.668 182.958 27.028.100 7.017 1.59 0.000 0 30.Long term investments 7.247 0 1.05 1.07 0. administrative and other expenses i).65 8.(A+B)] 9.465 262.354 171.Debentures/TFCs 4.198.84 2. Subscribed & Paid up capital i).190 944.Total amount of dividend 10.293 47.Retention in business (F7-F8-F9) 4.86 12.393 67.554 1.17 5.Return on assets [F7 as % of avg.995 (240.Local sales (Net) ii).639 2.711 118.051 10.82 2.576 335.175 839.768 0 1.427.719 1.283 4. wages and employee benefits 6.405 926.47 19.Long term unsecured loans 3.125 94.707.087 173.248 0 604.74 0.99 88.149 30.623 1.074 756.Key Performance Indicators 1.823.Trade Debt as % of sales (B3 as % of F1) 4.Inventory Turnover Ratio (F1 to B2) 13.40 2.402.565 0.Other current liabilities D.006 339.399 278.698 2.565.023.967.29 0.83 8.266 0 0 26.201 659.42 0.02 1.00 0.039 90.312 0 333.

306 1.33 -0.Other non-current liabilities E.252 5.92 5.494. shares] 17.05 10.768 6.137.176 205.257 3.598.108. of Ord.688 5.394.126 5.099 492.978.02 3.44 4.99 0.Export Sales (Net) 2.774.911 37.099 0 2.90 0.157 6.010.Operation: 1.240.553 492.40 8.22 0.543 3.35 1.392 8.560.501 8.955 641.518 73.099 0 2.845 628.598 5. wages and employee benefits 6.249 1.391.630 894.230 492.566 0 6.955 (102.621 2.610 1.121.226.Key Performance Indicators 1.131 1.010 656.486 4.337 11.35 84.98 32.006 4.157 6.734.354 613.273 0 2.576 498.180.980 512.944.826.748.Other input cost 3.730.482 527.Current Liabilities (C1+C2) 1.005 127.439.419 1.210.537 36.632.176 841.14 0.407 6.158 0.04 -0.055 3.Capital work in progress 2.984 47.806 686.509.Operating cash flow to debt ratio [F11 to (C+D)] 16.089 56.728.060 584.Operating fixed assets at cost 3.Return of equity (F7 as % of avg.707 512.644 3.Acid test or quick ratio[(B1+B3+B4) to C] 2.421 2.870.512 2.88 4.95 8.719 9.17 0.94 23.Miscellaneous 1.906 6.441 6.Cost of material ii).444 720.284.64 0.387 1.Total amount of dividend 10.General.Dividend cover ratio [(F7-F8) to F9] 12.Earning per share after tax (Rs.846 492.441) 120.911 1.310 7.674.Trade Debt 4.099 492.372 262.150 2.727 6.48 0.616 884.35 144 - - - 8.156 1.801 2.246 3.551 1.672 18.085.010.995 7.786 5.640.Sales i).361 0 0 162.86 0.169 4.876.406.Cost of sales i).742 789.351 0 0 0 8.78 1.805.467.308.144 4.57 87.923 6.562.052 565.789.262.127 275.290.491 90.890) 151.Financial expenses as % of sales (F6 as % of F1) 3./share) (E/No.104.986.116.099 0 2.640.245 937.Break-up value shares (Rs.675 1.Total value of bonus shares issued 11.537 73.652.409 5.172 518.834. A.068 0 0 (600.099 492.Salaries.948 714.Employees benefit obligations 5.614.09 -0.287.019 1.900 2.Short term investments 5.905 232.36 4.Other non-current assets B.Selling & distribution expenses ii).789 2.863.526.70 86.853 5.815 0 453.385) 5.21 0.607 (17.61 1.563.14 -0.558 287.035 119.Current Assets (B1+B2+B3+B4+B5) 1. shares) - - 7.733 4.93 23.432 4.37 4.37 1.81 0.442.067 1.10 2.799.40 -0.59 23.959 299.125 750.572 1.99 -0.56 6.993.911.099 0 1.Inventory Turnover Ratio (F1 to B2) 13.615.019 165.139.784 8.516 (138.83 0./share) [(F7-F8)/No.052 8.221 8.821.169) 5.24 -0.657 4.552 968.19 89.931.024.(A+B)] 9.788 213.41 18.734.060 492.61 0.Intangible assets 6.863 1.340 75.874.43 1.885 544.Tax expense (current year) 9.49 5. administrative and other expenses i).626 3.374 5.086 0 0 0 54.633 1.641.719.706 509.949.519 392.655 5.Return on assets [F7 as % of avg.555.46 7.403.70 85.Long term investments 7.106.476.07 -3.12 -0.813 4.580.902.177 4.05 2.099 0 1.496 (13.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.333.Current ratio (B to C) 6.71 88.777 247.79 0.Local sales (Net) ii).98 -0.Issued.890 73.809 6.240.399.373 299.103.172 (42.42 -0.640 1.Operating fixed assets after deducting accumulated depreciation 4.529 2.77 2.359 5.575.912 1.623 6.108.658.Cost of goods sold to sales (F2 as % of F1) 7.418 4.153.082.331.586 492.488.348 65.864 0 713.00 -2.98 1.460 573.25 11.267 2.641 5.786 103.579.005 287.019 0 0 0 0 3.545) 12.931 940.037 4.Depreciation for the year 5.034 6.093 11.656 6.253 498.896.329.919.156 7.685 5.805.896.Trade Debt as % of sales (B3 as % of F1) 4.364.17 6.610 3.764) 59.047.263 536.002 665.640.587 149.948.Retention in business (F7-F8-F9) 4.998 7.005 F.542.45 1.112 761.091 1.593 24.Gross Profit 4.270 529.516 0 0 0 - - 4.295 1.05 1.487.43 1.Revenue Reserve 3.099 492.686 719.630.745 2.218.393.550.354 667.230.903 16.020.Preference shares 2.293 238.348.Debentures/TFCs 4.911.759.391 463.Reserves i).857 1.188.071 4.Long term secured loans 2.514.117.405 0 44.28 5.Administrative and other expenses 5.052.226.Cash & bank balance 2.97 .363 816.Debt equity ratio [(C+D) to E] 8.916.750.Ordinary Shares ii).59 1.273 492.Total capital employed (E+D) 2.356 6.97 -0.955 987. Subscribed & Paid up capital i).214.262 2.413 318.099 492.719 5.393 6.764.57 22.277 815.30 -0.260 6.363 14.27 0.874 7.00 4.153 1.844.421 10.003 3.944 0 0 598.Financial expenses of which: (i) Interest expenses 7.350 566.099 0 3.291.95 Items 6.Capital Reserve ii).252 0 873.Short term Secured loans 2.190 50.Long term unsecured loans 3.958) 6.339.Return on capital employed ( F7 as % of avg.630 248.874 1.404 821.116 2.162.175.164 656.290 0 7.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 4.29 0.218 1.634 674.654 2.79 1.149 9.Net profit margin (F7 as % of F1) 15.Shareholders Equity (E1+E2+E3) 1.28 9.846 - 10.799 1.180.55 4.Financial Statement Analysis of Non Financial Sector 2013 The Crescent Textile Mills Ltd.547 4. of Ord.640.788 1.303 470.202.Non-Current Assets (A1+A3+A5+A6+A7) 1.99 0.386 3.984.890 745.387.069 667.086 (164.Net profit before tax 8.738 21.44 3.75 2.312.772 746.07 -2.795 32.540.67 1.Assets turnover ratio [F1 to (A+B)] 5.340 7.049 253.233 58.275 1.607 1.06 0.60 103.621 4. E) 10.75 -0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.157 297.487 - 7.78 0.108. G1) 11.226 0 0 379.057 693.Inventories 3.531 1.351 298.81 82.062.699 4.388 6.350.920 13.Other current liabilities D.608 421.301.38 0.36 79.901 49.Contractual Liabilities (G2+C1) H.609 3.13 11.769.07 7.774.620 11.046 891.502 287.099 492.173.809 5.183 243.363 7.Cash flows from operations 8.948.990 3.737 G.706.456.129 5.628 13.Total fixed liabilities (D1+D3) 3.96 0.08 82.77 88.33 2.75 0.785.046 9.74 90.696 1.Other current assets C.516 498.998.884 18.799 498.

Total capital employed (E+D) 2.000 170.170 40.503 2.536.558 64.226 91.395 540.322 236.439 22.058.145 734.004 761.660 827.878 1.747 0 1.502 1.920.977 1.96 2.Assets turnover ratio [F1 to (A+B)] 5.003.960 1.Other current liabilities D.413 334.Net profit before tax 8.254 33.00 1./share) (E/No.381 0 452.491.515.Other non-current liabilities E.378 658.23 0.76 0.273 1.373 3.35 1.189 202.000 0 831.750 1.876 681.Inventory Turnover Ratio (F1 to B2) 13.150 0.39 -31.Retention in business (F7-F8-F9) 4.80 -27.Gross Profit 4.Key Performance Indicators 0.512 0 132.21 1.964 295. of Ord.429 0 0 21.Issued./share) [(F7-F8)/No.562.302 138.878 44.754 0 0 533.102 0 239.561 243.28 5.03 0.462 2.955 0 24.Shareholders Equity (E1+E2+E3) 1.05 -132.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.000 0 133.52 20.256 1.779 781.579 309.192 277.88 4.476 80.689 F.344. shares] 17.994 (377.08 1.24 0.Miscellaneous 1.05 -1.336 1.Cost of material ii).938.Preference shares 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.416 347.81 -22.575 644.666 163.81 6.251 0 0 77.20 0.320.225.852 1.363 0 0 20.160 3.933 2.868 188.349) 1.638.253 117 1.364 415.84 67.561 33.700.05 0.997 2.078.666.493 166.003 19.93 85.05 2.05 7.518 542.489.07 0.477 G.373.Operation: 1.Inventories 3.325.240 495.140 186.General.088 213.049 0 153.346.718 4.842 141.988.419 1.789 189.482 1.957 0 2.25 2.000 170.892.326.59 0.037.439 0 0 28.32 4.418.394.Earning per share after tax (Rs.01 1.Net profit margin (F7 as % of F1) 15.61 107.520.649 3.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1. wages and employee benefits 6.Non-Current Assets (A1+A3+A5+A6+A7) 1.987 131.372 559.301.67 3.111 1.865 170.700 0 292.782 3.788 170.215.343 251.522 19.623 179.Trade Debt 4.624 170.335.85 1.065.Total fixed liabilities (D1+D3) 3.684 124.15 -0.556 0 0 26.065) 758.373.969.23 2.000 170.340.000 170.834 2.623 0 252.79 5.912 3.039 231.Long term investments 7.000 0 495.(A+B)] 9.10 0.068 0 1.323) 40.882 8.43 0.35 0.33 1.003 779.407 727.389 1.000 0 490.34 1.28 6.Short term investments 5.880 130.679.926 39.662 756. Subscribed & Paid up capital i).Operating fixed assets after deducting accumulated depreciation 4.706 170.933 1.945 88.628.13 11.580 249.413) 0 413.Debt equity ratio [(C+D) to E] 8.76 88.799.325 1.Debentures/TFCs 4.58 0.692 1.54 1.072 161.Export Sales (Net) 2.45 1.970.979 2.616.880 193.Dividend cover ratio [(F7-F8) to F9] 12.649) 326.070.971.357 301.139 1.292 (161.380.933 (574.065) (389.Current ratio (B to C) 6.73 -9.240 0 475.683 630.054 170.260.883 (603.419.495 44.Financial expenses as % of sales (F6 as % of F1) 3.35 0.814 2.Operating fixed assets at cost 3.015 140.646 186.883 0 0 18.084.022.000 170.436.935 0 0 19.933 1.013.720 3.Ordinary Shares ii).994 0 0 10.Administrative and other expenses 5.004 186.718 453.093 691.834 540.667 273.001.92 0.968 (336.185 3.530 261.522 41.658.239 2.264 80.Capital Reserve ii).991 805.584 0 1.89 0.Contractual Liabilities (G2+C1) H.Cost of sales i).698 1.30 6.25 -22.94 0.397 1.Selling & distribution expenses ii).068 1.467 1.95 0.06 2.295 205.616 837 3.585.Intangible assets 6.493.74 4.006 137.224 58.70 16.Total amount of dividend 10.09 -36.396 0 0 21.650 269.08 4.381 490.580. shares) 3.Total value of bonus shares issued 11.900 217.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Local sales (Net) ii).Return of equity (F7 as % of avg.107 751.Capital work in progress 2. A. of Ord.000 (389.430 2.85 22.Break-up value shares (Rs.195 128.18 43.141 0 218.338 139.098) 29.325.824 - 3.36 Items 1.140.32 -27.866 1.506.104 880.662 1.901 0 393.512.Revenue Reserve 3.Long term secured loans 2.Current Assets (B1+B2+B3+B4+B5) 1.965 245.080 33.628 761.682.155 0 1.Cost of goods sold to sales (F2 as % of F1) 7.667 2.519 22.000 170.74 16.61 0.906 2.291 167.35 7.Depreciation for the year 5.456.040 309.863 44.677 0 432.Other input cost 3.Financial Statement Analysis of Non Financial Sector 2013 Towellers Ltd.74 .482 539.628 784.Sales i).72 5.892 0 0 124.502 1.Other non-current assets B.089.619 77.312 14.993 2.89 145 - - - - 3.197 123.439 170.626.413) (451.60 3.594 267.90 0.542 892 1. E) 10.57 65.789.727 122.74 93.115 249.835 1.923 1.454 636.482 0 735.32 1.87 -10.Financial expenses of which: (i) Interest expenses 7.316 715.Tax expense (current year) 9.677 133.098.112.Salaries.26 1. administrative and other expenses i).43 31.Cash flows from operations 3.613.619 861.216 393.962 74.Long term unsecured loans 3.153.054 - 20.833 2.924 50.168 719.000 0 (451.91 0.Employees benefit obligations 5.Reserves i).193 1.500 0 23.46 5.373.099 697.Short term Secured loans 2.536.25 2.196 346.080 32.457 0 0 129.Other current assets C.28 7.144 1.613 399.506 120.357.797 1.852.406.Trade Debt as % of sales (B3 as % of F1) 4.579 176.66 12.20 1.46 58. G1) 11.799 2.077) 1.478.93 78.376.300 267.338 1.694 394.03 -35.Current Liabilities (C1+C2) 1.901 1.Return on capital employed ( F7 as % of avg.466 1.25 -75.Cash & bank balance 2.778 257.49 7.263.94 84.52 1.283 1.38 1.03 0.53 13.06 2.Return on assets [F7 as % of avg.129.760 1.92 4.779 2.584 65.86 17.556 (26.484 1.722) 1.538 629.Operating cash flow to debt ratio [F11 to (C+D)] 16.

54 1.627.713 106.851 58.515.444 180.93 91.906 78.83 0.16 8.44 2.51 0.72 0.880 525.Retention in business (F7-F8-F9) 4.900.375 791.Sales i).Inventory Turnover Ratio (F1 to B2) 13.218 575.682 0 1.47 6.075 0 16.370) 0 783. of Ord.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.069 140.264 400.274 46.376.Current ratio (B to C) 6.145 91.836 0 163.204 112.88 3.93 2.36 7.Other input cost 3.516 75.831 0 0 21.80 3.577 214.Return on assets [F7 as % of avg.271 460.485 400.200 199.535.000 0 (230.251 1.79 89.793 72.625 1.999 760.Total capital employed (E+D) 2.529 660.469 90.06 0.215 0 29.536 341.160 400.956 140.840) 0 (226.757 0.(A+B)] 9.094 400.73 6.000 400.598 358.499 337.50 2.666 3.122 1. of Ord.906) 0 (219.980 955.924 0 27.975 263.249 51.240 2.Cash & bank balance 2.906) 0 975.695 6.047 413.04 -3.51 0.34 3.043 169.110 0 24.Gross Profit 4.536 504.898 468.124 14.165 1.057 807.766 0 0 53.558 1.999 0 412.318 336.533 148.04 -0.06 0.020 23.241 154.293 0 0 31.54 0.641 505.124 553.Debt equity ratio [(C+D) to E] 8.Long term investments 7.Ordinary Shares ii).Cost of goods sold to sales (F2 as % of F1) 7.579 1.Return of equity (F7 as % of avg.653 0 24.Return on capital employed ( F7 as % of avg.365 89.620 70.894 (111.457 104.402.797.289 18.464.725 877.143.09 1.352 579.Non-Current Assets (A1+A3+A5+A6+A7) 1.40 0.884.78 93.Issued.043 0 202.81 0.003 1.Trade Debt 4.General.796 946.630 400.67 1.686 125.Tax expense (current year) 9.05 0.787 53.122 706 10. shares) - - - - - - 11.026.707 58.593 84.838.Total value of bonus shares issued 11.996 1.20 1.011 165.570 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.386) - F.Net profit margin (F7 as % of F1) 15.469) 276.593 469.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.422 129.425 1.669 3.16 0.Break-up value shares (Rs.Inventories 3.142 208.77 15.736) 0 (259.367 227.20 13.843) 631.839.067 568.08 1.67 4.446 2.370) 0 (159.Operating cash flow to debt ratio [F11 to (C+D)] 16.025. E) 10.50 14.20 6.840) 0 907.39 1.Export Sales (Net) 2.00 -0.807 67.849 129.233.042 554.Operation: 1.Preference shares 2.594 33./share) (E/No.641 1. wages and employee benefits 6.42 1.000 0 (226.Short term investments 5.10 6.820) 0 825.827 40.597 2.92 0.617 5.000 0 (159.000 400.996 77.835 1.820) 0 (293.569 1.Depreciation for the year 5.Current Assets (B1+B2+B3+B4+B5) 1. Subscribed & Paid up capital i).292 1.000 400.871 60.96 2.017 0 173.981 442.32 1.878 63.935 1.250 3.35 4.566 855.219 117.57 3.175 0 0 G.736 58.263 937.392.07 4.913 426.375 762.098.250 285.180 400.471.654 228.02 7.Short term Secured loans 2.804 8.769 64.729 134.Total fixed liabilities (D1+D3) 3.Trade Debt as % of sales (B3 as % of F1) 4.789 2.665 47.457.12 0.Other non-current assets B.066 276.003.107 0 158.659 234.07 6.78 91.Salaries.644 93.890 1.337 565.Reserves i).303 836.000 400.46 56.867 937.913 761.071 0 274.380 70.Key Performance Indicators 1.Other current liabilities D.270 980.Financial expenses as % of sales (F6 as % of F1) 3.372 119.66 1.355 161.061 677.214.Debentures/TFCs 4.689 61.159 0 358.Cost of material ii).441.Administrative and other expenses 5.Other non-current liabilities E.Shareholders Equity (E1+E2+E3) 1.902 13.077) 23.24 4.310 265.265 2.99 2.443 786.056 2.362 557.876 2.61 0.Capital Reserve ii).701 1.924 81. G1) 11.552 759.000 0 (259.324 117.Net profit before tax 8.66 0.639 301.051 2.242 0 0 129.25 2.09 10.547 502.Cost of sales i).031 365. administrative and other expenses i).24 146 .37 2.709.843 177.Employees benefit obligations 5.Local sales (Net) ii).429.Total amount of dividend 10.634 73.50 91.95 0.584 514.827 508.445 208.Intangible assets 6.736) 0 - 2.19 5.67 0.040.14 3.630 112.562 794.09 4.569 2.080 91.17 3.800 54.204 63.655 0 158.211 459.221 6.715 0 21.10 0.Selling & distribution expenses ii).Financial expenses of which: (i) Interest expenses 7.20 0.02 0.121 609.766 241.054 755.499 240.537 202.04 0.639 (134.972.000 0 (293.975 81. A.305.930 644.000 0 (219.78 6.378 6.388 293.71 0.546 196.12 2.225.77 90.23 0.898 11.166 175.804 285.Revenue Reserve 3.000 400.351 0 0 107.06 -16.Long term secured loans 2.51 11.Assets turnover ratio [F1 to (A+B)] 5.56 -6.816 77.262 77.096 249.Operating fixed assets at cost 3.Capital work in progress 2.337 27.Financial Statement Analysis of Non Financial Sector 2013 Yousaf Weaving Mills Ltd.07 15.199 3.65 7.124 285.21 -4.632 2.699 140.322.413 38.000 400.629 156.79 Items 1.69 2./share) [(F7-F8)/No.87 0.536 54. shares] 17.Current Liabilities (C1+C2) 1.079 83.218 1.052 38.982 208.829.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 839.733 0 32.973 211.580 1.618 14.152 1.442 744.Other current assets C.555 1.02 2.143.668 619.793 1.698 0 104.Miscellaneous 1.00 3.898 13.Contractual Liabilities (G2+C1) H.598.52 47.30 8.Earning per share after tax (Rs.804 557.614 400.Cash flows from operations 1.33 12.400.077.886 371.110 64.273 227.927 71.23 3.57 1.387 1.47 1.280 2.Operating fixed assets after deducting accumulated depreciation 4.03 6.464 61.209 564.359 0 21.529 688.Dividend cover ratio [(F7-F8) to F9] 12.503 0 1.657 0 (9.Long term unsecured loans 3.215 0 29.70 -64.

Inventories 3.40 -10.142 1.321.255 2.74 11.683 249.699 831.918 611.012 180.509 0 723.66 0.Administrative and other expenses 5.762 1.162 3.76 17.026 1.Total capital employed (E+D) 2.370 0 677.Financial Statement Analysis of Non Financial Sector 2013 Zahidjee Textile Mills Ltd.108 753.741.509 0 786.645 1.569 0 0 3.250 1.54 13.925 66.065.04 -3.359.389 1.278 31.425 1.000 347.Cash & bank balance 2.838 55.Long term secured loans 2.122 156.61 0.04 1.15 0.Miscellaneous 1.117 340.51 3.Financial expenses as % of sales (F6 as % of F1) 3.14 82.733.18 1.133.239 30.Return of equity (F7 as % of avg.58 9.223 841.56 1./share) (E/No.655 1.93 1.792 1.172 55.24 0.461 830.Gross Profit 4.20 7.803.74 4.510 102. of Ord.32 2.480 69.509 340.741 279.09 0.888 221.916.086 F.353 51.99 .500.635.467 183.322 (40.53 1.803.Depreciation for the year 5.Long term investments 7.232 207.Cost of material ii).247.63 Items 1.Total amount of dividend 10.Debentures/TFCs 4.116 149.93 91.437 1.21 32.109.933 978.028 34.000 0 0 46.898.Export Sales (Net) 2.133 107.899 1.411 932.82 2.128 1.87 0.051 0 495.444 114.734 0 0 0 0 112.Cash flows from operations 1.48 -4.Operation: 1.595 542.268.Capital Reserve ii).51 1.08 2.61 16.40 8.Return on assets [F7 as % of avg.370.380 4.92 19.Revenue Reserve 3.955. shares) - - - 2.52 7.Trade Debt as % of sales (B3 as % of F1) 4.166 2.283 379.Total fixed liabilities (D1+D3) 3.737.611 - 2.784 1.Short term investments 5.117 30.Operating cash flow to debt ratio [F11 to (C+D)] 16.244 695.086 1.Issued.239 1.643 36.139.41 3.Ordinary Shares ii).Shareholders Equity (E1+E2+E3) 1.176.000 145.467 437.Assets turnover ratio [F1 to (A+B)] 5.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.322 685.784 1.918 2.53 -5.23 0.166 545.Other input cost 3.845.990) 9.364 119.353 1.856 42.389 340.Operating fixed assets at cost 3.971.782 0 4.Reserves i).535 218.933.474 1.012 440.316 444.01 8.Key Performance Indicators 1.963 49.421 86.(A+B)] 9.065 11.General.921 69.190 308.798 0 330.77 0.706 1.06 1.000 180.127 801.202 894.263 0 113.220 - 1.Break-up value shares (Rs.096.99 1./share) [(F7-F8)/No.06 -16.303 247.581 221.162.000 30.401.65 0.Retention in business (F7-F8-F9) 4.Short term Secured loans 2.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.443 71.864 5.860.Long term unsecured loans 3.783 3.Earning per share after tax (Rs.535 1.016 1.553 155.655 0 19.472.Current Assets (B1+B2+B3+B4+B5) 1.41 11.34 11. A.687.Selling & distribution expenses ii).472.777 519.836 0 320.402.460 3.691 1.172 4.27 9.94 8.672 7. wages and employee benefits 6.074 131.37 4.054.026 7.983.Cost of sales i).102 294. of Ord.27 0.418 141.165 1.024 155.792.05 14.524 (116.69 2.260 442.611 408.16 89.233 2.27 13.21 85.947 104.Salaries.007 9.00 -1.387 475.Return on capital employed ( F7 as % of avg.509 0 190.258 420.Operating fixed assets after deducting accumulated depreciation 4.933 463.456 320.41 17.66 39.11 1.749 1.960 486.947 1.644 770.509 0 266.18 4.709 31.421 1.247 1.437.351 594.433 263.552 0 3. shares] 17.729 340.585 348.089 7.726.000 65.952 993.565 0 (50.088 0 20.128 396.877.Debt equity ratio [(C+D) to E] 8.794.91 83.30 17.999 100.34 0.044 238.181 243.251.351 30.889 1.509 0 478.373 0 81.Financial expenses of which: (i) Interest expenses 7.914 345.096 142.552 112.042 70.90 9.986 200.774 625.Intangible assets 6.258 114.293.51 0.312 68.472 598.367 366.499 649.611.69 2.Other non-current liabilities E.581 365.128.945.902 366.997 3.Sales i).989.422 0 15.926.060 86.509 340.Local sales (Net) ii).69 0.842.086 2.15 2.117 1.797 2.909 213.195) 1.980 533.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.234 340.57 5. E) 10.195) 0 0 0 76.784 177.064 408.722 16.866.509 340.389 1.90 -2.347.052 166.Preference shares 2.539 718.496 2.400 3.337 122.Current Liabilities (C1+C2) 1.300 1.241.Other non-current assets B.69 55.225.473 1.282 1.Other current liabilities D.085.859 34.Acid test or quick ratio[(B1+B3+B4) to C] 2.033 283.661 3.82 87.612 709.014 214.26 0.279 141.442 1.18 1.33 11.66 0.960.21 8.Inventory Turnover Ratio (F1 to B2) 13.627 225.070 1.939 0 1.063 427.236 1.268.797 0 0 G.Total value of bonus shares issued 11.482 6.227 158.509 340.121 2.845 2.Cost of goods sold to sales (F2 as % of F1) 7.Current ratio (B to C) 6.Non-Current Assets (A1+A3+A5+A6+A7) 1.079 437.359.17 3.36 7.04 147 - - 7.282 1.435 1. Subscribed & Paid up capital i).511 1.185 560.026 0 0 0 0 131.412 168.234 175.267 131.282 1.78 0.143 0 23.811 1.657 3.426.999 36.179.879 39.835 14.558.033.92 0.Employees benefit obligations 5.926 99.402.503 0 68.422 34.091 390.734 2.59 2.376 560. G1) 11.172.67 -1.742 89.013 3.640.Contractual Liabilities (G2+C1) H.467 997.060 191.50 2.347.Net profit margin (F7 as % of F1) 15.573 275.795 62.24 48.86 0.029.Trade Debt 4.073.628 230.952 8.252.129 0 0 319.643.Capital work in progress 2.316 0.Net profit before tax 8.55 -4.751 1.367 34.08 1.282 1.Dividend cover ratio [(F7-F8) to F9] 12.845 175.268.108.000 (116.38 32.09 54.282.787) 1. administrative and other expenses i).49 24.767.119.082 78.97 0.652 1.750 1.443 129.61 -3.Tax expense (current year) 9.124 1.216 320.868 1.76 17.119.961 106.178.518 67.516 102.51 2.836 818.349 4.259 719.94 0.538.914 316.195 439.341 87.529 340.509 340.Other current assets C.430 5.

Shareholders Equity (E1+E2+E3) 1.20 0.195 584.819.273 2.Other non-current assets B.932.65 2.461 662.701 322.41 13.01 Items 1.174 1.82 3.750.351 770.55 3.Ordinary Shares ii).344.668 0 1.802 138.412 353.121 280.59 10.Debentures/TFCs 4.601.327.299 1.629 2.784.228 247. shares] 17.14 0.64 -4.15 10.560 55.Return of equity (F7 as % of avg.771 1.420 952.040 127.Break-up value shares (Rs.156 0 0 27.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.62 90.161 0 0 - G.25 5.843 721.968 670.328 594.284 216.271.607 0 (202.027 204.084 1.31 11.069 0 683.12 0.00 0.507 105.413 274.Export Sales (Net) 2.678 (59.23 0.80 0.33 1.14 -13.175 268.150 2.287 594.030 804.234 147.21 0.Short term Secured loans 2.775 3.Net profit margin (F7 as % of F1) 15.216 F.Tax expense (current year) 9.Total fixed liabilities (D1+D3) 3.996 683.014.387 - 2.762 0 0 3.551 21.Financial expenses as % of sales (F6 as % of F1) 3.695 1.644 103.526 668.921 34.949 388.277.644 0 2.54 -21.83 -7.279 2.417 1.00 -3.Cost of sales i).975.44 4.09 -2.04 0.733 1.275.Other current liabilities D.900.267 0 0 258.837 196.907 2.541 594.Local sales (Net) ii).357.707 262.114 2.967 477.20 0.075.322 359.15 3.155 (165.50 0.017 1.357.674 1.255 0 0 21.970 299.137.589 2.594 39.79 -9.287 594.654 2.194 393.07 8.183.867 2.25 0.Long term secured loans 2.638) 0 (263.17 13.57 -10.Net profit before tax 8.016 74.969 627.878 212.088.Issued.127.618) 2.341) (31.Capital work in progress 2.633) 292.136.132 1.Capital Reserve ii).General. Subscribed & Paid up capital i).Salaries.415.Retention in business (F7-F8-F9) 4.963 1.Cost of goods sold to sales (F2 as % of F1) 7.204 2.995 1.490.22 6.633) 0 (302.539 426.082 191.91 0.783) 13.135.176 79.287 594.216 0 0 3.845 1.680.840 2.845 313.893 (76.476 100.469 1.515 152.746 0 2.287 0 (302.74 17.15 6.287 0 (192.13 0.90 1.719 764.204 368. of Ord.382.Financial Statement Analysis of Non Financial Sector 2013 Zephyr Textiles Ltd.785 19.92 4.890 2.055.Inventories 3.560 114./share) (E/No.843 564.915 132.Gross Profit 4.Other input cost 3.37 3.Other current assets C.991 2.29 9.655 2.Dividend cover ratio [(F7-F8) to F9] 12.455 236.164 79.90 0.482 55.287 594.563.Financial expenses of which: (i) Interest expenses 7.813 694. G1) 11.203 647.093 (189.281) 2.12 0.Reserves i). of Ord.433 42.405 122.68 -1.Trade Debt as % of sales (B3 as % of F1) 4.196 28.809 928.352 2.059 1.562 3.610 669.831 36.971.982 158.991) 9.29 0.Debt equity ratio [(C+D) to E] 8.178 2.772 1.51 11.805 217.634.583.Sales i).Earning per share after tax (Rs.Current Liabilities (C1+C2) 1.82 14.481.44 148 - - 4.63 90.747.Cost of material ii).933 59.50 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.640 114.492 1.457.481.50 -6.836 59.871 1.401 3.Current ratio (B to C) 6.Operation: 1.037 563.891 1.59 10.924 608.32 3.505 2.551 504.12 1.395 74.Miscellaneous 1.68 0.685 58.673 2.113.962 119.049 459.013.384 479.595 1.373 1.(A+B)] 9.57 1.645.344.275.899 1.31 5.004 1.267 100.742 153.546 147.080 160.840.837 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.379 262.Total amount of dividend 10.56 3.Long term investments 7.561 129.393.382.Cash & bank balance 2.669.134) 260.287 594.287 594.145.464 672.836.04 -1.287 0 (263.Key Performance Indicators 1.Contractual Liabilities (G2+C1) H.287 0 204.977.287 0 (165.066 1.254.476 2.192.Selling & distribution expenses ii).057 7.78 0.069 798.684 222.334 98.710.191 515.028 0.11 1.Trade Debt 4.419.589 309.567 2.256.476 346.020 1.252 3.290 0 0 229. shares) - - - 3.679 2.69 4.84 3.324 63.388 265.033 569.Return on assets [F7 as % of avg.42 10.294.295 0 0 3.832 1.Short term investments 5.228 14.663.Return on capital employed ( F7 as % of avg.380 247.081 868.Other non-current liabilities E.149.255 18.Preference shares 2.811 57.583 5.74 0.837.139.934 90.251 - 34.139 1.793 417.600 594./share) [(F7-F8)/No.351 1.539 322.299 317.967 1.92 3.944) 1.429 0 313.90 4.054 263.174 (155.156 3.817.554) 0 (165.329 2.269 42.328 241.746.Total value of bonus shares issued 11.055 147.14 11.838 0 0 6.103 1.18 6.07 11.26 1.264 35.402 283.436 459.157 329.586.25 7.Non-Current Liabilities (D1+D2+D3+D4+D5) 1. wages and employee benefits 6.983. administrative and other expenses i).586.616 74.Current Assets (B1+B2+B3+B4+B5) 1.44 -5.162 594.Total capital employed (E+D) 2.554) 239.Long term unsecured loans 3.78 10.562.963 2.35 1.366 2.Administrative and other expenses 5.447 423.621.663 109.777 0 259.301 599.321 242.830.Intangible assets 6.53 18.672.135.660 3.16 8.74 -26.273 694.Depreciation for the year 5.44 0.73 1.287 (31.39 1.155 0 0 16.Employees benefit obligations 5.462 195.506 1.11 0.73 90.77 -2.580 843.14 5.565 2.22 1.Inventory Turnover Ratio (F1 to B2) 13. A.Non-Current Assets (A1+A3+A5+A6+A7) 1.564 200.382 31.826 469.711.744 670.89 0.59 89.711.655 182.312 261.082 68.Revenue Reserve 3.387 594.064.Cash flows from operations 2.518 1.Operating fixed assets at cost 3.081.538 594.998 2.341) 451.28 0.322 40.542 71.16 13.076 1.552 316.239 0 0 104.973 11.573.948 1.378) 17.004 1.Operating fixed assets after deducting accumulated depreciation 4.893 0 0 19.14 -4.Assets turnover ratio [F1 to (A+B)] 5.075 0 0 3.638) 316. E) 10.134) 0 (192.61 88.484.65 89.07 .

MADE-UP TEXTILE ARTICLES .

Inventory Turnover Ratio (F1 to B2) 13.101 0 11.405.255 7.General.339.Cash flows from operations 18.67 0.433 5.26 27.416 9.827 0 109.04 2.934 16.831.662 266 3.69 -0.011 15.234.335.645 234.817.659.759 2.00 6.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Long term unsecured loans 3.05 5.455 993.625 900.243 355 57.827.926.830 2.094.Debt equity ratio [(C+D) to E] 8.65 7. shares] 17.525 25.603 1.Current Assets (B1+B2+B3+B4+B5) 1.754 0 304.161 5.795 33.Operating cash flow to debt ratio [F11 to (C+D)] 16.317 1.340.066 15.Cash & bank balance 2.233 2.183.781 1.948 1.201.061.571 11.606.221.Cost of material ii).182 1.172 0.Non-Current Assets (A1+A3+A5+A6+A7) 1.808 12.178 0 (757.133 250.861.722 6.201 1.119 38.075.58 4.Other current assets C.16 4.767.296 50.649 4.987 29.786.617 891.856 2.181.04 82.101.999 23.511.10 0.152 27.761.645.Cost of sales i).635.03 2.960 32.267 0 85.999 0 5.Trade Debt 4.589.093 12.503 3.191 1.Total amount of dividend 10.Preference shares 2.587 2.600.227.925 10.990 0 166.66 2.322 946.196.Long term secured loans 2.06 0.894.386 2.495.Total value of bonus shares issued 11.481 33.989 25.Break-up value shares (Rs.065.865 26.432 13.441.714.863 1.461.28 122.532 2.504.59 4.19 19.43 6.887 0 12.067 3.Employees benefit obligations 5.434.482.966.500 7.301.914 360.178.30 3.732.001.617.325.03 9.52 2.821 629.249 996.51 6.64 5.755 5.83 4.91 1.464 34.402 36.963.Return on assets [F7 as % of avg.162 4.974.685 500 1.043 134.082.618 6.075.221 41.330 49.581 5.26 2.824.(A+B)] 9.333.13 1.330 822.Operation: 1.327.333 7.139.457 0 - 19.822 1.64 27.Trade Debt as % of sales (B3 as % of F1) 4.813 741.645 24.194.643 634.744 7.856 43.228.721.Sales i).570 8.401 3.532 15.218 9.894.993 12.520 10.004 0 25.137 3.266 48.476. G1) 11.452 3.152 4.854.Short term investments 5.Financial expenses of which: (i) Interest expenses 7.849.840 165.389 38.947 524.747.769.269.197.633.843 251.38 0.998.115.211.Intangible assets 6.67 9.294 0 27.82 1.51 0.066.456 1.140 26.084.155.916.199.141 8.816 33.Tax expense (current year) 9.279.984 759.285.702 62.052 32.40 150 5.519 3.587.70 13.463.351.393.Revenue Reserve 3.368 33.573.659 41.122 4.614 4.273.665.001.488 0 1.358 1.416.500 61.714.954 3.925 0 722.23 82.141 4.366.785 (3.113.655 1.889. of Ord.971.122 231.Operating fixed assets at cost 3.718 21.540.Other non-current liabilities E.294.77 3.628.79 5.356 33.136.102 5.654 0 26.786.008 4.063 2.794.123 1.34 49.Financial Statement Analysis of Non Financial Sector 2013 Made-up textile articles .Key Performance Indicators 1.Debentures/TFCs 4.141 14.279.92 1.847 10.Other current liabilities D.89 1.72 0.856 7.Return of equity (F7 as % of avg.660 8.815 2.053.535 37.762 4.36 89.672.020 4.254 17.795.108.27 0.657 4.296 545.Current ratio (B to C) 6.201 0 4.193 2.Reserves i).023.368.413 8.Short term Secured loans 2.054.67 6.987.861.827.716 2.211.084 16.088 12.247.800.881.125 26.598.359 2.473 367.Earning per share after tax (Rs.Issued.635.Depreciation for the year 5.70 24. E) 10.887 1.485 268.42 6.782.733 1.312.Current Liabilities (C1+C2) 1.620 12.692.56 0.487.865 7.993 29.701 1.248.571 33.213 83.451.776 7.35 4.933.913.253.821.531.74 .240 10.971.74 4.716 41.70 0.183 17.056 12.870 823.655 2.238.221 3. of Ord.16 82.199.982 321.747.963 772.418.359 201.700.773 4.Local sales (Net) ii).Financial expenses as % of sales (F6 as % of F1) 3.888 35.04 6.889.962 18.04 3.872 15.Capital work in progress 2.230 15.664.Inventories 3.320.90 20.271 3.283.305 9.842 10.889.761.614 3.423.192.208 16.558.193.097.042 4.60 4.193.802 0 3.Other non-current assets B.039 16. Subscribed & Paid up capital i).741.09 14.735.05 4.866 11.464 1.Ordinary Shares ii).Salaries.454 17.Shareholders Equity (E1+E2+E3) 1.622 14.921.445.28 8.513 0 26.044.Net profit before tax 8.759 10.05 84.81 24.101 7.Gross Profit 4.859 21.90 6.569.917 24.61 0.065 34.617 28.059 2.Miscellaneous 1.470 2.09 25.452.009 1. wages and employee benefits 6.068 0 203.659 12.810 19.76 73.802.802 0 15.378 6.337 G.644 346.316 996.48 6.66 8.422.844.999 993.76 62.922 - F.025 1.642 1.870 8.223.596.Cost of goods sold to sales (F2 as % of F1) 7.275 28.Selling & distribution expenses ii).046.778.47 23.716.738 69.817.025 1.06 81.727.78 3.086 1.697 8.387 14.126 5. administrative and other expenses i).Return on capital employed ( F7 as % of avg.441. shares) 4.099 6.344.148.335.Administrative and other expenses 5.987.Total fixed liabilities (D1+D3) 3.964 125.006 1.12 0.831.226 14.95 93.576 13.978 11.741 36.76 0.308 42.14 17.877 3.125.173 24.144 16.231.010.530 15.655 14.098.963 229.375 94.Long term investments 7.325.065.067) 45.275 1.475 26.996.83 3.391 6.06 0.15 2.43 5.192.312.467.Other input cost 3.589 0 133.83 1.271.269 9.007.147.527 26.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 9.802 1.610.225.67 2.695 1.Dividend cover ratio [(F7-F8) to F9] 12.951 9.179.179./share) (E/No.99 64.807 36.85 22.90 16.700 11.281 16.802 5.Net profit margin (F7 as % of F1) 15.339 14.Total capital employed (E+D) 2.976 10.74 92.86 1.843 27.04 1.249 0 8.11 0.235 1.248 6.Capital Reserve ii).07 1.995 2.172.60 13.339.404.255 0 3.00 10.928.183 1.344 2.339.778.515 151.Operating fixed assets after deducting accumulated depreciation 4.45 5.999.344 30.865 11.584.072.615) 58.781 57.442 14.550.Export Sales (Net) 2./share) [(F7-F8)/No.Acid test or quick ratio[(B1+B3+B4) to C] 2.001.627 6.018 980.162 12.31 -0.585.538.473 4.756 14.79 12.943 13.654 47.Contractual Liabilities (G2+C1) H.663.14 6.116.248 13.327 1.890.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.201 0 2.831.608 0 2.611.32 4.224.Retention in business (F7-F8-F9) 4.603.665 147.93 83.Assets turnover ratio [F1 to (A+B)] 5.434 17.598.Overall A.49 15.158 313.03 15.028.101 1.51 Items 14.909.915 132.333 59.472.400.183 24.573.

8% Non-Current Assets -5% -5.36 0 Current Ratio 5.4% 30 16.51 4.16 1.3% 21.48 Debt Equity Ratio Net Profit Margin Earning Per Share after Tax .79 20.81 2012 15 2013 2012 15 10 19.28 Percentage 20 2013 12.76 2.6% 25% 20% 15% 14.2% 20 10 0 Sales Gross Profit Key Performance Indicators Profitability/Efficiency Ratios 24.67 5 0 2.Billion Rs Growth with Composition of Assets & Liabilities 40 35 30 25 20 15 10 5 0 22.3% Current Assets Current Liabilities 2012 Non-Current Liabilities 2013 Shareholders Equity -10% Growth Growth & Composition of Operations 2012 80 2013 47.23 Return on Return on Assets Equity Return on Capital Employed 14.9 6.7% 10% 5% 0% -1.99 Percentage 25 5 Net Profit Before Tax Growth 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 10 4.3% 70 Billion Rs 60 50 40 19.83 1.95 20 8.

Local sales (Net) ii).465 63.Tax expense (current year) 9.General.873 35.979 345.38 3.884 9.388 1.093 5.269 138.766 12.691 0 - 298.238 0 40. Subscribed & Paid up capital i).340 0 18.156 19.24 1.26 4.Miscellaneous 1./share) [(F7-F8)/No.539 46.108 91.304 318.Current Liabilities (C1+C2) 1.257 13.12 2.Operating fixed assets at cost 3.49 2.071 0 2.845 141.680 118.959 136.805 15.419 0 27.341 79.356 0 0 1.215 91.288 3.73 12.59 14.060 0 32.Inventories 3.84 89.14 1.92 1.77 5.808 122.498 63.Other current liabilities D.328 0 0 18.276 61.068 0 3.399 396.Shareholders Equity (E1+E2+E3) 1.874 29.190 7.85 4.27 4.281 3.801 220.81 2.336 57.308 97.86 9.200 0.326 207.Acid test or quick ratio[(B1+B3+B4) to C] 2.834 2.062 60.680 10.857 61.129 12.517 61.423) 53.10 4.865 198.611 0 0 1.273 43.616 28.Preference shares 2.30 89.928 8.238 0 191.Long term unsecured loans 3. G1) 11.Total capital employed (E+D) 2.592 788 9.485 14.246 0 23.Capital work in progress 2.Surplus on revaluation of fixed assets - F.48 1.954 12.685 31.517 0 18.98 0.Reserves i).433 120.569 15.28 1.507 69.460 333.89 1.761 3.187 39.099 12.Total value of bonus shares issued 11.68 6.879 11.13 Items 201.376 11.99 88.072 8.190 1.517 0 40.Sales i).57 1. administrative and other expenses i).Total amount of dividend 10.483 75.Export Sales (Net) 2.907 114.93 152 - - - - 7.291 101.994 91.47 1.826) 478.900 287.483 14.355 66.577 11.264 112.681 0 0 (18.447 19.980 23.786 39.484 8.845 54.07 1.527 9.876 81.174 9.441 8.62 4.892 41.09 1.120 0 69.196 33.273 27.036 1.26 7.Employees benefit obligations 5.936 61.863 61.19 1.03 .Debt equity ratio [(C+D) to E] 8.Capital Reserve ii).517 61.Revenue Reserve 3.94 1.Assets turnover ratio [F1 to (A+B)] 5.111 14.Short term investments 5.755 61.177 10.439 294.Total fixed liabilities (D1+D3) 3.Financial expenses as % of sales (F6 as % of F1) 3.911 10.736 144.419 0 166.Earning per share after tax (Rs.024 46.733 268.971 0 10. shares] 17.043 0 42.39 1.018 201.32 11.239 100.228 6.476 10.Net profit before tax 8.91 0.438 6.12 0.14 20. of Ord.324 85.Return of equity (F7 as % of avg.888 14.517 0 30.796 4.906 61.940 90.444 56.08 2.517 0 27.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.559 0 200.292 7.543 39.48 12.906 164.704 70.Debentures/TFCs 4.Administrative and other expenses 5.65 1.595 61.956 13.234 0 2.078 0 24.Key Performance Indicators 1.393 98.75 2.317 0 0 G.01 0.015 105.949 17.626 14.Non-Current Assets (A1+A3+A5+A6+A7) 1.208 61.641 16.825 0 0 14.815 112.31 10.972 220.473 117.610 13.964 0 0 50.626 38.Selling & distribution expenses ii).05 16.Current Assets (B1+B2+B3+B4+B5) 1.43 3.600 156.Operating fixed assets after deducting accumulated depreciation 4. E) 10.Operating cash flow to debt ratio [F11 to (C+D)] 16.04 87.Other current assets C.Break-up value shares (Rs.375 133.05 13.701 1.Net profit margin (F7 as % of F1) 15.045 114.47 6.70 -0.60 0.907 8.77 14.848 5.20 4.696 10.439 225.32 1.517 61.03 89.553 288.477 51.08 2.108 B.47 0. of Ord.442 12.261 66.Cost of sales i).Inventory Turnover Ratio (F1 to B2) 13.482 (1.492 13.340 0 155.183 250.Ordinary Shares ii)./share) (E/No.517 61.Issued.346 E.394 76.517 61.Return on capital employed ( F7 as % of avg.197 0 29.848 18.Depreciation for the year 5.254 31.133 0 9.805 11.Other input cost 3.466 19.87 0.797 46.257 9. shares) 4.228 0 12.97 6.892 25.118 235.131 368.517 0 61.45 3.117 14.466 0 48. A.61 0.32 6.00 1.366 1.63 0.833 0 2.845 119.760 0 0 687 210.Gross Profit 4.421 203.289 19.523 4.30 6.11 0.24 0.691 0 61.163 6.517 61.842 75.67 1.010 108.05 4.92 3.Return on assets [F7 as % of avg.007 314.19 1.633 49.273 5.72 3.960 415.Cash & bank balance 2.36 1.Financial Statement Analysis of Non Financial Sector 2013 Aruj Garment Accessories Ltd.41 16.571 13.94 26.999 3.928 251.22 2.719 10.63 10.Long term investments 7.Dividend cover ratio [(F7-F8) to F9] 12.738 0 93.237 0 0 1. wages and employee benefits 6.15 90.884 170.Trade Debt 4.511 0 1.71 20.438 8.08 2.08 0.54 6.Salaries.239 78.235 414.Operation: 1.91 0.27 13.46 5.962 203.Short term Secured loans 2.385 10.542 32.Current ratio (B to C) 6.663 30.55 16.911 61.Contractual Liabilities (G2+C1) H.482 26.98 21.(A+B)] 9.Cost of material ii).Cost of goods sold to sales (F2 as % of F1) 7.710 55.305 31.485 8.Trade Debt as % of sales (B3 as % of F1) 4.50 0.298 3.653 61.375 13.95 2.078 0 120.856 12.240 395.Financial expenses of which: (i) Interest expenses 7.707 10.791 106.724 417.960 27.712 69.680 128.274 10.942 16.542 4.84 8.148 356.517 0 24.186 48.Other non-current assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 119.540 0 0 885 169.Other non-current liabilities 0 31.Long term secured loans 2.Retention in business (F7-F8-F9) 4.Cash flows from operations 263.125 7.723 88.247 5.Non-Current Liabilities (D1+D2+D3+D4+D5) - 1.Intangible assets 6.35 2.89 0.928 123.22 2.727 51.099 35.67 1.696 0 59.06 1.

387 89.25 81.994 300.24 153 .449 17.00 0.544 0 0 0 300.67 56./share) (E/No.774 1.41 135.Intangible assets 6.Cost of sales i).331 (395.70 1.634 (15.000 20.037 13.Short term Secured loans 2.870) (31.Cash flows from operations 0 12.00 0.000 20.888 241 10.78 88.037) 0 23.Total value of bonus shares issued 11.476 1.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Other current liabilities D.Current Assets (B1+B2+B3+B4+B5) 1.887) 61 0 0 1.904 0 94.08 -15.313.270 2.07 97.Local sales (Net) ii).300 11.67 0. 2009 2010 2011 22.69 0.47 0.222 264.438 0 46.364 (30.00 0.Inventories 3.11 0.000 0 (108.14 0.Dividend cover ratio [(F7-F8) to F9] 12.937 341.72 -19.72 120.244 0 0 0 290.036 0 - F.503) 0 17.Short term investments 5.994 266.312 0 94.444 89.103) 20.533) 20.683 0 94.426 0 27.Cost of goods sold to sales (F2 as % of F1) 7.00 2.Financial expenses as % of sales (F6 as % of F1) 3.364 18.105 0.388 397.11 -15.856 1.125 1.503) 0 (18.12 0.434 34 0 0 (842) 14.955 14.691 10.518) 8.017 53 5.70 - - - 0.555) 0 (30. wages and employee benefits 6.518) 0 0 0 (30.Revenue Reserve 3.955 0 14.458 0 (18.Other current assets C.429) 113.056 0 0 0 0 0 0 (69.816 442.00 -9.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.037) 53.90 23.555) 53.359 18.02 -159.Cash & bank balance 2. E) 10.906 26 6.89 -1.105 329.628 0 0 0 0 0 0 (88./share) [(F7-F8)/No.Operation: 0 0 0 0 1.269 5.23 7.454 316 356.386 0 0 0 289.915 12.103) 0 (96.926 0 94.66 1.103) 0 29.Long term unsecured loans 3.60 0.Total capital employed (E+D) 2.49 3.500 (143.90 -3. shares] 17.Miscellaneous 1.Total fixed liabilities (D1+D3) 3.Non-Current Assets (A1+A3+A5+A6+A7) - 1.000 0 (89.Reserves i).Shareholders Equity (E1+E2+E3) 1.476 0 12.Long term secured loans 2.Earning per share after tax (Rs.129 10 5.122 0 17.Assets turnover ratio [F1 to (A+B)] 5.Other non-current assets B.09 -4.26 -34.32 0.Total amount of dividend 10.24 -0.300 0 356.503) 0 (108.Long term investments 7.000 20.Debt equity ratio [(C+D) to E] 8.444 0 0 0 23.81 -46.00 1.032 0 7.331 (39.47 -44.074 21.21 - - - - - - 0.00 -106.359 23.000 20.19 -46.77 0.000 0 (59.23 0.Selling & distribution expenses ii).76 0.Return on capital employed ( F7 as % of avg.75 0.Operating cash flow to debt ratio [F11 to (C+D)] 16.074 19.Financial Statement Analysis of Non Financial Sector 2013 Fateh Sports Wear Ltd.488 0 0 0 G.904 1.92 -3.867 94.Net profit margin (F7 as % of F1) 15.Depreciation for the year 5.12 -164.20 -38.Current Liabilities (C1+C2) 1.55 - - - - 0.299 2.331 328.400 89.Cost of material ii).05 1.Capital work in progress 2.Current ratio (B to C) 6.Other non-current liabilities E.503) 20.012 0 4.037) 20.950 259 1.000 0 (82.555) 20.867 1.032 8.10 23.994 249.21 56.Employees benefit obligations 5.Contractual Liabilities (G2+C1) H.50 -6.000 20.147 0 0 0 0 0 0 (39. shares) - - - -5.480) - 16.537) 0 19.000 20.331 (76.78 -235.14 -2.Administrative and other expenses 5.Debentures/TFCs 4.411 18.Export Sales (Net) 2.373 10 18.960.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 Items 34.915 12.994 203.19 -5.426 0 18.81 3.307 13.831 1.443 0 0 0 0 0 0 0 27.00 -0.507) (319.45 -9.Financial expenses of which: (i) Interest expenses 7.Operating fixed assets at cost 3.331 271.518) 89.Acid test or quick ratio[(B1+B3+B4) to C] 2.83 0.380 11 5.52 -0.693 0 0 0 0 0 0 (76.Issued.183 0 0 0 0 0 0 (395.873 360.926 1.Trade Debt as % of sales (B3 as % of F1) 4.34 2.331 308.851 418.Capital Reserve ii).154 0 0 0 324.Break-up value shares (Rs. of Ord.639 185 14.04 0.Tax expense (current year) 9.449 16.055) 0 18.856 21.133 379.478 89.90 -9. G1) 11.075 4.960 89.Retention in business (F7-F8-F9) 4.28 0.488 89.948) 89.31 135.524 0 19.24 -31.288 113.983 610 2.03 0.331 (69.Ordinary Shares ii). Subscribed & Paid up capital i).403 957 2.General.721 0 256.119 0 17.28 0.Sales i).331 (88.812) (62.312 1.533) 0 (319.000 0 (96.07 11.41 A.Inventory Turnover Ratio (F1 to B2) 13.135.71 -197.103) 0 12.Net profit before tax 8.03 0.Operating fixed assets after deducting accumulated depreciation 4.00 6.683 1. of Ord.826 5 0 18.38 11.00 0.Return of equity (F7 as % of avg.024 89.331 252.Other input cost 3.82 -15.90 0.716 89. administrative and other expenses i).331 290.04 -5.480) 0 2.074 18.73 88.Preference shares 2.351 12.325) 104 0 0 (9.533) 0 (415.(A+B)] 9.673 2.Salaries.074 22.253 0 44.243 15.67 229.Return on assets [F7 as % of avg.012 0 18.000 0 (415.Gross Profit 4.385 0 0 0 (62.Trade Debt 4.480) 20.533) 0 - 0 0 0 0 0 0 0 4.Key Performance Indicators 1.500 (112.

865.058.699.525 0 31.928 3.415 0.Return of equity (F7 as % of avg.990 7.139 29.580.117 1.26 -1.741.297.493 0 0 3.278 83.04 8.561 0 2.95 0.55 8.027 79.Short term investments 5.01 85.355.40 1.733.689.135.793 15.968 109.Retention in business (F7-F8-F9) 4.966 6.383.Cash & bank balance 2.97 2.41 1.828 2.541.544 2.591 1.252 204.188 4.90 51.Financial expenses of which: (i) Interest expenses 7.Dividend cover ratio [(F7-F8) to F9] 12.983 1.901 2.258 58.915.151.Capital Reserve ii).61 1.685.99 83.657 838.713 1.091.675 12.479 0 3.Intangible assets 6.253 0 34.919.027.982.204.915.348 0 479.670.205.82 12.Salaries.26 1.940.180) 9.755 11.081.448 5.Cash flows from operations 11.523.56 6.01 4.785 0 2.21 4.571 0 3.000 0 132.479 0 7.Current Liabilities (C1+C2) 1.901 713.Selling & distribution expenses ii).758 1.58 0.17 4.236.591 0 0 17. A.566.093.376 681.987 0 2.484 25.486 0 4.616.042 - F.29 18.846.Administrative and other expenses 5.242 0 53.999 0 0 40.356 27.410.553 781.377 6.785 (2.337 9.093.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 5.07 83.210.04 1.357 9.Debt equity ratio [(C+D) to E] 8.65 3.834 2.684 2.620.21 1.81 3.957 8.489 6.467 4.211.811 20.56 0.315.026 639.526 5.45 4.751.035.029 551.838 5.556 0 968.139 51.028 634.081 5.450.86 0.546 8.717.636.272.171 1.303 326.855.344 12.422 2.Inventories 3.093.313 252.394 12.077.720.599 2.477 201./share) [(F7-F8)/No.99 4.547 503.977 27.737 42.365 17.602 226.353 7.198.Other current assets C.Other non-current assets B.17 20.662.27 8.484.296 7.306.748 10.643 12.38 1.061.589 16.259 870.Net profit margin (F7 as % of F1) 15.112.672.653.589.Return on assets [F7 as % of avg. of Ord.626 3.921 182.99 1.26 16.272 634.General.Cost of material ii). shares] 17.999 686.25 3.35 3.05 -0.63 3.190.662 2.647 1.838 66.284.899.768.281 3.282 21.455 35.176 8.Net profit before tax 8.773 2.432 0 0 27.81 3.408.348 0 4.017.Preference shares 2.Reserves i).Operating cash flow to debt ratio [F11 to (C+D)] 16.373 14.33 11.313 13.075.37 6.465.836 6.046 267.852.820 6.186 1.643.822 2.705 1.25 22.03 Items 9.292.430.337.238.458 33.209 7.288.169 12.050 1.Contractual Liabilities (G2+C1) H.Depreciation for the year 5.Acid test or quick ratio[(B1+B3+B4) to C] 2.429 621.947 2.851 2.865) 5.414 7.266 10.Total capital employed (E+D) 2.146 3.991.34 0.154.273 3.723 7.648.Assets turnover ratio [F1 to (A+B)] 5.45 0.70 6.Tax expense (current year) 9.582.278.866 69.43 1.49 1.956.863 1.897.667 0 6.46 50.265 0 1.Capital work in progress 2.349.Non-Current Assets (A1+A3+A5+A6+A7) 1.822 10.269.496.710.Trade Debt 4.53 2.604 0 0 11.222.Total fixed liabilities (D1+D3) 3.094 2.95 20.215 6.096.44 0.630.399.937.669 4.262 4.Cost of goods sold to sales (F2 as % of F1) 7.502 4.791.Shareholders Equity (E1+E2+E3) 1.085 11.714.966 6.38 11.200.373 0 1.925 775.690 2.Return on capital employed ( F7 as % of avg.159 8.225.103.Other current liabilities D.927.22 5.967 86.72 1.686 10.322 0 37.468 19.Total value of bonus shares issued 11.445.481.900.97 82.582.566.214. G1) 11.989.571 1.51 36.Current ratio (B to C) 6.98 1.Total amount of dividend 10.75 36.762.290.06 8.Miscellaneous 1.178 8.590 0 135.885.269.(A+B)] 9.522.149.54 3.Ordinary Shares ii).01 1.383.852.82 4.177.283.39 2.697 (107.112 5.11 0. E) 10.895 959.919.072 7.702.Earning per share after tax (Rs.91 85.521.923 1.787 10.525 3.536.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14. Subscribed & Paid up capital i).713 13.785 634.Long term secured loans 2.113.821 2.198.Cost of sales i).Sales i).17 0.Operation: 1.096.853 225.23 21. of Ord.Short term Secured loans 2.617 28.561 2.486 6.652 0 634.955 4.592.097.267 745.27 8.348 0 - 14.487 490.701 11.482 1.243 494.613.28 58. administrative and other expenses i).Export Sales (Net) 2.Key Performance Indicators 1.417 13.101 10.929.19 0.298 13.187.621 514.396.473.24 1.713 17.72 0.131.176.255.158.802 157.302.Current Assets (B1+B2+B3+B4+B5) 1.490.604 120.550 2.36 7.163.511 3.78 2.001.086 6.884 1.478 5.551.Long term unsecured loans 3.827.138.023 0 6.523.Debentures/TFCs 4.325. wages and employee benefits 6.246.207.720 162.154.385 1.02 0.016 202.071 781.787 0 0 442.Break-up value shares (Rs.785 0 3.752 4.501.224 963.399 2.509.707 10.242.727 2.494.222.034 2.163 21.243.714 6.834 1.157 1.03 3.903.417 2.416 5.81 1.132 71.956 10.439.80 7.491 8.861.214.288 1.553 732.332 11.450 1.293.182.811 2.445.484.Long term investments 7.116.Other input cost 3.Operating fixed assets at cost 3.Operating fixed assets after deducting accumulated depreciation 4.797 0 854. shares) - - 4.565.Revenue Reserve 3.486 1.295 1.724.075 2.Employees benefit obligations 5.523 151.385 5.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.224.975 2.060 862.74 -0.05 81.696.308 2.491 2.Inventory Turnover Ratio (F1 to B2) 13.608 10.944 2.574 7.067 30.658.025 1.392 2.060 2.Other non-current liabilities E.Financial expenses as % of sales (F6 as % of F1) 3.952 284.363 8.638 10.599 10.46 2.394.756 1.708.Gross Profit 4.77 36.987 551.432 (225.650 446.65 0.312 685.486 9.247 8.526 1.052.737 707.Financial Statement Analysis of Non Financial Sector 2013 Gul Ahmed Textile Mills Ltd.16 1.673.785 634.04 154 - - - 2.936.14 0.743 2.52 6.048 25.Trade Debt as % of sales (B3 as % of F1) 4.83 1.008.768 2.397) 25.603.38 0.650 0 0 15.892.87 .47 3.508 139.Local sales (Net) ii).945 139.751.214 2.918.168 800.524 3.97 0.401.785 0 4.057.869 711.924.00 2.752 0 6.962 1.785 634.332 634.402 0 1.108 2.22 76./share) (E/No.337 G.717 292.30 4.168 6.701 0 304.988.820 2.761 13.Issued.03 0.465 0 50.

Financial expenses of which: (i) Interest expenses 7.79 16.754 (1) 16.(A+B)] 9.068 19.608 66.582 51.Debentures/TFCs 4.260 96.250 32.777 210 B.095 16.890 0 86 1.365 21.Inventory Turnover Ratio (F1 to B2) 13.463 67.167 1.250 32.378 15.718 15.32 85.249 31.018 0 0 0 0 0 0 55.195 0 - 158./share) [(F7-F8)/No.590 60.457 52.596 30.53 0.803 7.11 4.850 0 3.25 -5.Gross Profit 4.888 75 16.17 98.868 0 11.Depreciation for the year 5.428 7.389 8.Total fixed liabilities (D1+D3) 3.28 13.957 59.171 4.175) 6.500 60.700 2.21 1.Other non-current liabilities 0 210 35.323 68.Current ratio (B to C) 6. administrative and other expenses i).425 41.750 43. of Ord.087 94.746 376 1.487 1.67 - 1.023 0 19. shares) 17.58 1.250 0 16.Return of equity (F7 as % of avg.14 22.939 636 12.265) 35.375 1.895 4.19 2.250 0 (19.Other input cost 3.91 7.Retention in business (F7-F8-F9) 4.28 9.617 8.498 0 0 0 0 0 0 46.250 32.66 1.27 89.93 84.017 7.641 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 - F.250 0 23.923 56.Operating cash flow to debt ratio [F11 to (C+D)] 16.48 0.Long term investments 7.General.18 29.87 19.000 30.173 4.250 0 1.613 0 16.291 0 0 0 0 0 0 33.806 0 14.267 69.264 1.981 4.96 4.522 128.05 31.Capital work in progress 2.57 0.216 63.532 86.758 11.Current Assets (B1+B2+B3+B4+B5) 1.54 6.038 0 18.638 54.081 6.995 34.923 18.048 46.994 1.045 59.951 10.744 0 4.02 0.757 16.008 1.02 1.Revenue Reserve 3.368 0 398 1.87 155 - - 11.585 618 6.67 1.24 1.112 34.Trade Debt as % of sales (B3 as % of F1) 4.Total amount of dividend 10.Export Sales (Net) 2.Local sales (Net) ii).62 29.040 0 32.29 15.Earning per share after tax (Rs.284 32.78 56.750 72.540 82.873 8.777 833 833 0 0 0 0 49.99 13.237 0 8.62 0.510 0 355 1. wages and employee benefits 6.860 10.217 14.498 0 41.Issued.28 0.340 59.Operation: 1.809 1.415 134.615 3.447 4.66 1.69 0.608 55.77 2. Subscribed & Paid up capital i).819 63.Net profit before tax 8.Ordinary Shares ii).82 11.Assets turnover ratio [F1 to (A+B)] 5.Preference shares 2.662 3.47 13.639 51.44 15.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.837 833 5.608 105.608 66.82 17.776 7.Return on capital employed ( F7 as % of avg.Net profit margin (F7 as % of F1) 15.867 0 71.59 34.41 .564 3.850 7.282 76.95 81.202 82.103 61.566 503 61.083 132.667 (11.873 394 12.277 5.04 1.878 33.35 10.000 0 5.757 0 7.581 32.000 0 16.Long term secured loans 2.61 86.184 32.259 0 7.80 1.430 49.Financial Statement Analysis of Non Financial Sector 2013 International Knitwear Ltd.255) 920 0 0 10.243 26.034 (6) 23.589 0 63.132 798 7. G1) 11.907 11.503 20.Sales i).608 74.Return on assets [F7 as % of avg.938 88.712 40.934 5 9.929 0 53.Other current liabilities D.267 15.Other current assets C.464 5.007 49.Inventories 3.331 136 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.639 0 63.08 6.57 1.800 0 0 G.58 1.Total value of bonus shares issued 11.580 8.060 46.831 71.38 1.726 74.66 0.755 0 37. of Ord.822 11.54 4.Salaries.Intangible assets 6.720 11.810 105.667 0 0 0 0 42.058 0 55.46 3.70 0.10 51.923 0 8.06 1.851 1.884 0 9.768 10.00 4.13 0.482 16.185 219 12.883 3.67 19.90 1. E) 10.582 0.Operating fixed assets at cost 3.581 0 7.Contractual Liabilities (G2+C1) H.78 7.58 21. Items A.368 3.Cost of sales i).259 9.530 45.Financial expenses as % of sales (F6 as % of F1) 3.Capital Reserve ii).070 19.916 154.052 3.119 1.006 70.Tax expense (current year) 9.565 49.Short term Secured loans 2.71 12.Break-up value shares (Rs.Operating fixed assets after deducting accumulated depreciation 4.Administrative and other expenses 5.Shareholders Equity (E1+E2+E3) 1.706 0 16.365 4.20 3.Cost of goods sold to sales (F2 as % of F1) 7.294 0 0 1.36 -7.Debt equity ratio [(C+D) to E] 8.344 83.77 1.48 7.250 0 9.206 626 0 0 (11.25 1.78 -0.36 -21.441 84.Cash flows from operations 180.46 6.32 11.Other non-current assets 55.284 0 5.990 5. shares] 17.279) 144./share) (E/No.004 32.50 5.07 28.Non-Current Assets (A1+A3+A5+A6+A7) 2009 2010 2011 14.000 30.89 12.277 25.23 2.Reserves i).706 30.78 72.87 17.250 32.04 -20.95 1.99 1.Current Liabilities (C1+C2) 1.701 137.378 21.497 7.613 (10.507 4.469 66.94 1.860 0 560 1.596 E.977 32.Miscellaneous 1.Key Performance Indicators 1.99 16.Dividend cover ratio [(F7-F8) to F9] 12.771 911 0 0 1.706 0 32.17 0.57 5.17 -3.Cash & bank balance 2.54 -8.57 -0.72 32.667 1.073 0 87.Trade Debt 4.543 34.Employees benefit obligations 5.706 0 8.80 1.378 0 7.Cost of material ii).Non-Current Liabilities (D1+D2+D3+D4+D5) - 1.052 7.Long term unsecured loans 3.00 56.726 75.93 27.28 10.500 46.Selling & distribution expenses ii).Total capital employed (E+D) 2.Short term investments 5.20 0.

264.252.687.943 113.689 113.610.956 5.71 65.78 7.100 3.61 1.32 148.336 13.125 2.Revenue Reserve 3.41 41.658.88 14.965 2.Cost of sales i).Preference shares 2.382 12.496.87 74.353.Gross Profit 4.279.General.74 2.472.801 24.31 23.39 1.05 -0.566 4.113.308 20.512.301.829 902.733 1.765.Administrative and other expenses 5.228.326.54 2.861 902.Financial expenses of which: (i) Interest expenses 7.042.040 1.135.21 82.123 308.076 10.12 3.125.398.089) 32.634.190 12.625 214.979 901.596 5.00 112.Operation: 1.127 946.Dividend cover ratio [(F7-F8) to F9] 12.632.848 1.054 0 933.913 13.532 13.826 13.101 226.426 12.686 3.763 8.949.28 231.518 23.Capital Reserve ii).330 3.157.393 8.997 1.Debentures/TFCs 4.473 0 - 5.Cash & bank balance 2.41 0.88 1.15 -0.687. shares) 8.23 4.612.Operating fixed assets after deducting accumulated depreciation 4.209.07 2.417 1.900 137.555.496 65.473 1.416 3.00 14.031 3. A.78 7.458 11.Current ratio (B to C) 6.437.714.380 0 20.687.373.815 3.420 266 1.81 6.670.942 0 214.377.964 12.009 3.627.087 740.425 2.625.756 0 72.373 20.176 5.647 696.09 81.61 1. wages and employee benefits 6.037.021.051 0 1.Key Performance Indicators 1.688 558.58 1.27 10.16 5.190 0 29.187.161 3.13 42.088 8.567 38.182 2.Other current assets C.271 3.411 1.595.845.762 0 485.830 12.372.003.Employees benefit obligations 5.788 2.636.643 21.332 449.Sales i).710 2. administrative and other expenses i).899.086 131.727 9.013 208.78 14.Inventory Turnover Ratio (F1 to B2) 13.04 28.669 201.Cost of material ii).68 6.22 9.Retention in business (F7-F8-F9) 4.838 14.101 226.945.830 0 (1.732 4.471 2.890.643 0 (1.67 31.18 0.647 146.756 0 113.369 31.Return of equity (F7 as % of avg.320 12.61 2.67 9.75 10.468.491.325 25. E) 10.Long term unsecured loans 3.390.434 566.033 8.850.624.589 65.Trade Debt 4.Other non-current assets B.665.Cost of goods sold to sales (F2 as % of F1) 7.453 13.044 230.971 1.642.169.46 0.Other non-current liabilities E.77 13.749 19./share) [(F7-F8)/No.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.961 12.330 0 0 160.163 5.038.208 4.422 311.211 426.950.427 94.684 25.520 783.206.643 0 80.308.Other input cost 3.00 0.690.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.13 156 10. shares] 17.187.94 3.Non-Current Assets (A1+A3+A5+A6+A7) 1.518 7.579.507.825.014 276.110 23.101 0 1.50 4.626 1.Inventories 3.Earning per share after tax (Rs.463.Intangible assets 6.640 2.855 23.252.Return on assets [F7 as % of avg.158 0 1.655.235 27.567 6.Total amount of dividend 10.214.788 748.43 4. Subscribed & Paid up capital i).161 230.519 14.Net profit before tax 8.62 .684 154.324 13.414 6.101 0 2. G1) 11.034.102 554.921 67.367.60 1.227 2.325.921 0 15.825 86.357 14.246.513 1.995.326 123.420 384.101 226.Salaries.389 2.092) 19.542.240.800.953 230.156 762.096 29.03 11.564.Selling & distribution expenses ii).85 532.Other current liabilities D.731.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.600 0 298.211.723 500 869.628 23.221 494.670.816.19 31.519.442 0.420 1.658 226.658.45 23.519.662 11.769 15.947 1.070.Trade Debt as % of sales (B3 as % of F1) 4.87 116./share) (E/No.387 46.551 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.791 75.Financial expenses as % of sales (F6 as % of F1) 3.384 582.077 3.925.617.Current Assets (B1+B2+B3+B4+B5) 1.180.26 0.298 17.409.Miscellaneous 1.168 17.689 2.(A+B)] 9.854 226.703 23.391 2.538 856.408.652 3.242 109.377 22.703 3.427 322.Short term Secured loans 2.112 4.458 1.Long term secured loans 2.225 258.550.328 34.360 3.037.023.459.815 338.557 - 18.756 0 135.62 1.126.336 260.390.014.Shareholders Equity (E1+E2+E3) 1.433 137.65 1.287.812.967.Long term investments 7.083 152.844.138 17. of Ord.315 17.681 3.90 3.953 230.077 23.091 5.Operating fixed assets at cost 3.757 18.252.568 123.300 12.Short term investments 5.04 55.074 7.211 23.004.317 8.957 2.065 21.Depreciation for the year 5.946 759.Tax expense (current year) 9.41 9.141.77 8.42 1.953 0 12.649 1.953 0 6.317 6.301.769 2.65 25.48 4.43 Items 2.861 8.158 22.152 255.29 3.971 322.102 549.168 3.271 1.34 11.Reserves i).999 4.264 12.894.299.542 1.915 0 G.927 1.529.Debt equity ratio [(C+D) to E] 8.836.870 226.71 9.849.202 1.36 0.58 0.Assets turnover ratio [F1 to (A+B)] 5.723.887 4.761.06 7.952.Total value of bonus shares issued 11.27 9.Ordinary Shares ii).93 37.894.249.854 2.Export Sales (Net) 2.925 3.977.847 206.Net profit margin (F7 as % of F1) 15.835.700.242 5.68 4.751.15 0.Current Liabilities (C1+C2) 1.046.73 0.29 79.14 0.965 5.16 421.713.741 4.372 6.24 0.750 23.75 310.143.Financial Statement Analysis of Non Financial Sector 2013 Liberty Mills Ltd.953 0 9.710.300.131 14.30 2.646.136.471.204 461.042.809 0 2.818 34.55 15.24 83.271 179.Contractual Liabilities (G2+C1) H.548 345.76 83.138 435.086 569.129 230.892 379.360.453 1.953 230.Total capital employed (E+D) 2.209 14.07 22.942 1.020 0 18.Return on capital employed ( F7 as % of avg.96 0.733 512.512 3.665.499.79 0.805.517 38.560 5.17 29.537.765.105.479.101 0 5.278.756 5.892 9.322 55.92 11.26 12.Break-up value shares (Rs.43 81.052 0 12. of Ord.320 2.756 0 92.Operating cash flow to debt ratio [F11 to (C+D)] 16.441 7.823 33.399.622.Cash flows from operations 4.390.78 7.917 6.98 22.627.343 3.468 9.Local sales (Net) ii).150.860 3.367.582 13.650 - F.89 1.164 109.Capital work in progress 2.77 6.279 4.300.164 1.490.224.755.Issued.163 0 0 8.693 539.624 12.615 3.06 18.260.917 596.435 829.402.12 6.602.270 3.479 605.031 319.876.595 14.96 1.738.517 5.96 9.755.14 2.888 0 19.839.Total fixed liabilities (D1+D3) 3.753 634.

25 .391 22.12 0.211 399 81.652 44. 2009 2010 2011 82.071 0 93.999 52.752 21.499 175.752 0 (20.702 68.63 0.595 6.Total amount of dividend 10.66 97.61 -12.893 4.20 -11.340 105.Current Assets (B1+B2+B3+B4+B5) 1.32 0.Local sales (Net) ii).77 0.97 -14.Other non-current assets B.59 0.227 0 232.413 21.39 3.522 2.596 21. of Ord.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Preference shares 2.074 0 21.21 20.07 0.90 0.Other non-current liabilities E.45 -589.272 2.25 -10.Capital Reserve ii).Long term investments 7.17 81.Depreciation for the year 5.878 107.539 0 0 (151) 111.392 66.Long term unsecured loans 3.Current Liabilities (C1+C2) 1.10 -98.Key Performance Indicators 1.Ordinary Shares ii).43 -8.706) 14.253 199.Export Sales (Net) 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.57 -14.901 (30.42 1.General.326 74 47.236 14.505 399 13.Revenue Reserve 3.076 104.565 0 4.832 0 (39.589 88.Issued.968 0 6.55 9.000 51.348 0 0 0 0 0 0 215.59 0.20 -16.Break-up value shares (Rs.961 2.36 -19.500 19.878 5.Cost of sales i).358 901 0 0 G.817 - 2.Non-Current Assets (A1+A3+A5+A6+A7) 1.755) 153.45 122.443 (18.419 2.Trade Debt 4.19 -19.55 2.156 399 133.Operating cash flow to debt ratio [F11 to (C+D)] 16.20 0.Cost of goods sold to sales (F2 as % of F1) 7.540 5.837 0 85.763 58.790 58.596 0 134.84 3.674 141.127 2.07 -39.815 1.726 0 4.500 155.468 4.Cash flows from operations 156.Retention in business (F7-F8-F9) 4.755 51.617 2.499 41.913 24.(A+B)] 9.755) 479 0 0 (38.596 21.131 13.Financial expenses of which: (i) Interest expenses 7.161 (20.Other current liabilities D.065 21.844 152.06 -12.Employees benefit obligations 5.Net profit margin (F7 as % of F1) 15.264 0 180.Current ratio (B to C) 6.81 32.Debt equity ratio [(C+D) to E] 8.Operating fixed assets at cost 3.188 5.246 150.Dividend cover ratio [(F7-F8) to F9] 12.32 125.Shareholders Equity (E1+E2+E3) 1.596 21.02 0.42 3.724 148./share) [(F7-F8)/No.04 108.428 42.596 21.Total capital employed (E+D) 2.00 -23.504 74.56 -11. wages and employee benefits 6.904) 9.233) 15.478 (50.993 24.303) 0 1.303 88.Capital work in progress 2.870 56.Financial Statement Analysis of Non Financial Sector 2013 Moonlite (Pak) Ltd.Operation: 1.Intangible assets 6.094 82.44 -98.900 0 1.94 -28.547 9.815 913 88.77 -39.Return of equity (F7 as % of avg.Total value of bonus shares issued 11.60 -12.Salaries.Debentures/TFCs 4.596 21.04 97.226 111.001 0 0 1.Short term investments 5.091 0 10.999 67.236 399 153.685 421 108.Inventory Turnover Ratio (F1 to B2) 13.499 36.815 912 14.577) 1.670 6.609 2.03 99.Other input cost 3.413 0 210.13 0.64 -25.35 122.04 -31.86 86. administrative and other expenses i).68 0.83 -19.06 0.707) 15.596 0 193.685 2.141 79.233 2.416 18.596 0 82.Other current assets C.353 35.383) 16.Return on capital employed ( F7 as % of avg.83 0.Earning per share after tax (Rs.24 0.807 21.214 32.596 0 154.019 7.31 72.387) 19.596 21.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 Items 158.237 0 0 0 0 0 0 155.082 27.536 6. Subscribed & Paid up capital i).417 (56.Financial expenses as % of sales (F6 as % of F1) 3.581 (28.26 590.783 0 0 0 0 0 0 103.81 16.Total fixed liabilities (D1+D3) 3.001 0 1.596 0 13.387 35.347 0 0 0 0 0 0 35.48 48.070 137.000 - 105./share) (E/No.99 37.503 0 0 0 0 0 0 175.Tax expense (current year) 9.519 3.12 2.476 23.094 90.002 15.775 14.69 0.Trade Debt as % of sales (B3 as % of F1) 4.596 0 243.14 0.Cash & bank balance 2.41 33.Contractual Liabilities (G2+C1) H.707) 0 0 0 (38) 11.65 1.11 -18.847 16.783 15.218 23.815 1.91 0.Return on assets [F7 as % of avg.428 2.90 157 - - - 1.Administrative and other expenses 5.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.78 79.101 21.812 0 76.134 36.76 1.740 0 180.24 134.080 0 30.571 28.311 0 15.226 0 139.074 0 0 0 265.Reserves i).93 -12.992 12.832 21.815 4.90 -43.76 0. E) 10.757 0 82.159 117.816 6.176 13.855 113.91 2.804 2.46 -45.24 0.506 0 1.245 (68.166) 15.Long term secured loans 2.07 -29.371 2.13 0.681 211.218 4.207 0 203.481 9.589 0 108.66 0.62 -52.470 399 193.434 0 1.Gross Profit 4.807 0 (50.564) 19.629 (9.106 0 F.139 265.044 5.Operating fixed assets after deducting accumulated depreciation 4. G1) 11.209 81.44 - A.08 73.007 1.Sales i).38 -6.61 -28.107 84.00 -9. of Ord.116) 14.Net profit before tax 8.788 (38.943 126. shares] 17.Inventories 3.690 2.91 42.Miscellaneous 1.86 1.915 0 105.658 240.305 37.63 79.371) 335 0 0 2.Short term Secured loans 2.340 0 114.830 14.065 0 (31.Selling & distribution expenses ii).000 35.098 27.Assets turnover ratio [F1 to (A+B)] 5.75 -1.00 97.592 21.159 160.202 714 83.726 87.248 137 111.999 103.31 1. shares) 1.644 52.83 12.824 44.594 57.198 4.632 0 180.Cost of material ii).457 0 215.22 0.101 0 (68.881 1.69 2.

.E.S.OTHER TEXTILES N.

587 30.05 3.421 43.00 8.139 274.108 44.500 2.79 1.869.General.262 2.500 37.821 35.395.828.990 15.194.89 100.836.Other input cost 3.Operating fixed assets at cost 3.852.711.82 9.602 1.562 9.935.71 0.879 10.13 3.451 1.23 3.627.812 45.660 1.347 97.Assets turnover ratio [F1 to (A+B)] 5.57 1.492 11.790 10.406 9.813.49 1.347 10.Retention in business (F7-F8-F9) 4.79 0.794.655.345 9.131.68 18.068.(A+B)] 9.468 134.692.Debentures/TFCs 4.04 -1.11 -0.Current Liabilities (C1+C2) 1.204 2.252 11.575.137 10.628.841.015 4.244.449.245.Contractual Liabilities (G2+C1) H.716 17.097 4.556.80 -9.029.662 (4.455.960.411 0 928.744 11.521 5.696.226.830 9.800 18.797.483.76 14.047.65 99.885 19.675 7.124.067 15.08 2.Capital work in progress 2.Cash & bank balance 2.552 3.952 114.838 47.65 -0.774.575.01 0.461.s.545 38.32 -9.862 956.811.444 30.860 966.942.619 (1.09 -5.Trade Debt 4.280.290.711.913.390.405 0 (1.326.309.836 781.257 503.448 0 885.352 2.726 4.402 2. E) 10.275 0 8.43 1.837 14.46 0.937 1.069 0 19.386 4.765 35.620.534.773.508 0 3.045 14.Reserves i).349.592.069 4.720.997.Total capital employed (E+D) 2.577 4.Acid test or quick ratio[(B1+B3+B4) to C] 2.267 1.603 42.82 0.013.90 12.793.907 21.97 54.549 29.17 23.385 32.616 (239.04 Items 52.783. of Ord.806.393 128.Cost of sales i).87 3.912.437.218.242.595 2.128.923 1.908.041.589.440.Export Sales (Net) 2.196 8.269.360.260 9.Other current liabilities D.05 0.487.758 198.93 5.798 1.520 9.Dividend cover ratio [(F7-F8) to F9] 12.830 39.91 3.781.798.53 -28.38 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.003 0 3.Short term Secured loans 2.918 43.330) 13.Cost of material ii).Cash flows from operations 46.074 4.760 1.793.982 20.188 18.025.687 4.399 7.819 4.158 4.95 0.377.982 1.623 (2. of Ord.558 36.Selling & distribution expenses ii).627 8.94 0.015 0 15.Return on assets [F7 as % of avg.619.03 1.62 7.939 15.647.830 1.642 921.903.253) 1.646 1.799.647 4.304.555 5.564.82 -24.710.638.929 6.91 97.419.Gross Profit 4.330 8.193 8.20 -0.192 1.14 44.748 49.336 7.07 1.192.Intangible assets 6.669 42.852.557.525.Net profit margin (F7 as % of F1) 15.969) 54.682 311.Trade Debt as % of sales (B3 as % of F1) 4.225 8.862 1.159 10.615 55.Depreciation for the year 5.313 2.542 1.685.31 22.045.461 2.870.050.211.360 880.86 0.561.188 0 9.009 0 (3.860 3.530.82 -6.906.706.699 34.987 0 619.928 14.510 1.047.269.481 34.422.75 0.069 4.794 30.011 2.86 4.937 55.918.069 0 17.546 - F.215 1.60 4.256 1.760.897.792 1.504 2.726 0 19.512.045 13.198.251.517 15.611 9.129.649.237.743.041 9.032 30.178.344.379.862.925 52.658 52.141 2.166.228.240 7.262 10.769 1.069 13. Subscribed & Paid up capital i).272.395.06 98.042.473.97 60. shares] 17.496 26.855 48.071.318./share) [(F7-F8)/No.16 9.14 0.506 6.910.36 1.509 1.225 0 2.013 (3.90 159 .367 1.93 0.Net profit before tax 8.788.913.275 9.029 17.579.648.554 2.Total value of bonus shares issued 11.953 743.906.144.207) 27.70 -14.18 1.867.461.030.11 -0.83 -20.13 89.944.848 744.614 1.899 24.284.e.Current ratio (B to C) 6.384 13.Total amount of dividend 10.891 540.233.000 750.Inventory Turnover Ratio (F1 to B2) 13.56 9.729 335.990.335 7.945 542.378.382 1.Debt equity ratio [(C+D) to E] 8.727.304.864.417.Overall A.89 0.547.756 28.Long term investments 7.522.831.Break-up value shares (Rs.869 905.992.302 7.409.048) 465.593.287) 18.655.874 (246.403 132.Preference shares 2.405.975.163 46.Financial expenses of which: (i) Interest expenses 7.974.Capital Reserve ii).157 66.Cost of goods sold to sales (F2 as % of F1) 7.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Employees benefit obligations 5.921 0.087.972 1.Earning per share after tax (Rs.815 19.864.050.943 17. wages and employee benefits 6.732.795.56 0.Sales i).983 22.843.99 2.099 105.44 -0.873 1.068.907 27.628.469.204 8.692.Other current assets C.420. shares) -5.63 0.579.603 44.313.Salaries.683 1.096) 22.Tax expense (current year) 9.627.Local sales (Net) ii).823 3.521 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.573 2.Key Performance Indicators 1.00 7.250 G.645.140 773.Long term unsecured loans 3.120 41.649.692.572.011 1.905.587 3.135 338.Short term investments 5.867 2.874 2. .87 5.Shareholders Equity (E1+E2+E3) 1.699 7.964 60.125.051 1.10 2.399.006 12.694 11.99 7.847) 301.002 28.314.477 9.574 988.856.999.922 111.148.002 1.438.741 213.982 3.603 15.273.273.15 9.384.Administrative and other expenses 5.46 -4.12 17.97 4.316 2.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 25.324.652 15.525 1.358.604 13.963 14.139.093 14.911.134 9.097.880.104.08 5./share) (E/No.035 807 4.798.639 2.980.856.439 5.585 2.609 19.Operating fixed assets after deducting accumulated depreciation 4.617 2.Return of equity (F7 as % of avg.177.825 32.707 - 44.324 45.45 -0.864.Other non-current liabilities E.490.Total fixed liabilities (D1+D3) 3.547.74 1.Issued.283.547.812.Financial Statement Analysis of Non Financial Sector 2013 Other textiles n.90 -0.Other non-current assets B.923 27.909.289 366.426.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.413.028 54.692.Current Assets (B1+B2+B3+B4+B5) 1.827 5.277.Return on capital employed ( F7 as % of avg.727 0 603.873.38 2.881 342.257 8.31 0.68 4.02 8.541.882 3.059 5.463 2.797.56 63.662 1.474.458 16.53 -13.918.680.147 1.446 18. G1) 11.589.565 2.030.543 4.238 4.619 860.394 36.238 47.573 33.314.286 17.Miscellaneous 1.08 3.256.782 15.224.55 19.878.564 55.863.748.Revenue Reserve 3.248 15.992.83 -0.Financial expenses as % of sales (F6 as % of F1) 3.Long term secured loans 2.878 107.466 12.304 1.114 613.256 532.821 9.Inventories 3.053.331.175 4.49 2.720 10.519 25.706 6.18 1.464.567. administrative and other expenses i).164 12.04 0.167 623.369 (4.204.308) 677.480 4.139 6.Operation: 1.455.133 52.78 2.76 4.386 11.930.279 9.303.213 13.00 -3.012 19.561.585 0 772.394.005.82 1.868 1.Ordinary Shares ii).891.032.440.523 59.151 2.40 6.85 5.10 4.749.226 13.350.16 90.987 2.35 0.512 1.295 3.143.

91 Current Ratio 1.8% 20 10 0 Non-Current Assets Current Assets Current Liabilities 2012 Non-Current Liabilities 2013 Shareholders Equity Growth Growth & Composition of Operations 2012 60 2013 Growth 1200% 1023.4% 16.65 on Return Capital Employed Net Profit Before Tax 0% -200% Key Performance Indicators Profitability/Efficiency Ratios -1 600% 20 0 4 1000% 4.45 Assets -2 Return -0.3% 30 400% 10 200% Sales -10 -2.89 0.23 Debt Equity Ratio Net -0.2% Gross Profit 7.11 1.0% 50 Billion Rs 40 800% 649.44 Profit Margin Earning Per Share after Tax -1.3% Billion Rs 50 20% 18% 16% 14% 12% 10% 8% 6% 5.97 .9 on Equity -0.62 3 2 1 Percentage Percentage 7 3 2 1 0 -1 0 Return on -0.18 5 3.5% 40 30 8.56 4.87 8 5 2012 4 2013 6 5.Growth with Composition of Assets & Liabilities 60 18.0% 4% 2% 0% 17.2 2012 2013 0.

259 98.469 2.777) 4.23 2.Trade Debt as % of sales (B3 as % of F1) 4.71 -108.928.880.469 4.289 2. of Ord.705 320.933 1.162 35.694 839.10 1.782 95.95 87.826.791 3.860 177.99 -24.969.80 -57.139 5.756 1.947 6.Debt equity ratio [(C+D) to E] 8.263.001 279.866 1.465 6.186.869 150.420 0 0 26.197 10.895 42.Capital work in progress 2.979 133.747 7. E) 10.Sales i).964 450.104.792.Assets turnover ratio [F1 to (A+B)] 5.(A+B)] 9.579 288.66 -0.772) G.216 189.464 397.020 37.03 Items 3.951.320 10.000 0 53.603 483.459.456 0 33.933 3.675.007 10.772 98.761 95.598.General.943) 372.09 162.85 9.221) 5.73 0.72 5.125.056 56.687 5.Reserves i). Subscribed & Paid up capital i).360.308 961.964.54 13.Operation: 1.981 0 1.Return of equity (F7 as % of avg.661.534.163.689) 372.184 0 347.908 8.329 184.05 4.Total amount of dividend 10.60 6.Total value of bonus shares issued 11.251 9.460 2.Capital Reserve ii).475 5.427.30 168.393 0.058 514.00 5.547 10.629 256.881 6.613 84.377 (1.831 740.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.866.82 1.Total fixed liabilities (D1+D3) 3.777 201.399 0 0 1.740 7. shares] 17.80 132.93 85.88 2.342 293.945.884 2.920 5.226.Inventories 3.500 263.78 -61.Tax expense (current year) 9.869 (4.58 4.21 4.348) 16.747 7.391 273.Current Liabilities (C1+C2) 1.733 (1.094 1.983 680.820 9.440 69.407 3.898 3.979 - F.519.Earning per share after tax (Rs.129 521.724 2.874 1.618 2.421 1.766.814 4.742 3.894 5.Long term secured loans 2. G1) 11.772 37.834 761.687 134.086 7.021 110.597 50.Return on capital employed ( F7 as % of avg.63 1.902 136.102 107.947 3.94 3.782.909 255.43 2.926 16.323 0 0 1.786 2.50 0.889 0 319.825 95.01 4.147 1.89 9.136.Intangible assets 6.048 16.99 87.47 0.436.674 2.Local sales (Net) ii).076) 3.714 1.449 364.Operating cash flow to debt ratio [F11 to (C+D)] 16.201.752.370 136. shares) 1.836.824.68 1.97 0.021 0 318.252 5.07 154.892 372.40 144.163 319.423 554.06 4.10 2.947 7.18 0.033.85 9.212.179 162.096 134.801.336 475.100.518 209.62 -352.36 11.027 6.024 (3.385.391 0 19.971.76 1.360.556. of Ord.889 1.053.770 4.746 0 3.699 5.777 2.311. A.509.179 586.033 453.174 7.810 3.396) 134.96 2.523) 3.Cash & bank balance 2.Dividend cover ratio [(F7-F8) to F9] 12.610.Cost of material ii).15 0.873 106.431 7.546.Revenue Reserve 3.319.299.Short term Secured loans 2.863 176.594.097 42.022 0 0 3./share) (E/No.049 5.Debentures/TFCs 4.915 305.861 0 49.Employees benefit obligations 5.656) 76.839 - 9.630 3.Net profit margin (F7 as % of F1) 15.787.096 134.09 1.19 2.Ordinary Shares ii).783 95.894.589 9.476.81 4.096 0 (3.312.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 2.68 158.78 0.719.18 1.511 1.691 189.632 30.259 98.783 95.752 7.Acid test or quick ratio[(B1+B3+B4) to C] 2.317 1.481.66 0.Other non-current liabilities E.177 0 4.833.548 0 415.876 16.Long term unsecured loans 3.823.00 -352.025 3.909 5.59 3.495.040 2.91 87.612 305.777 174.76 0.757.649 3.85 0.411.566 0 0 1.562 2.Other current liabilities D.42 1.789.64 -303.474 4.459 436.142.184 0 (210.041.156 0 1.245.Operating fixed assets at cost 3.364 509.864 (4.783 0 868.03 -136.Selling & distribution expenses ii).705 4.Current ratio (B to C) 6.Non-Current Assets (A1+A3+A5+A6+A7) 1.861 58.077 1.00 4.Other current assets C.247 488.927 107.494 1.673 3.532.157 308.845.438.795.313.783 0 960.879 9.169 613.800 5.802.299.612 682.966 0 1.396 310.Cash flows from operations 5.040 79.096 0 1.748 6.196 0 585.11 -8.824 276.895 702.133.273 36.654.886.Cost of sales i).91 -65.07 10.Net profit before tax 8.202 134.731.320 245.753 69.Financial expenses as % of sales (F6 as % of F1) 3.059.716.947 554.Export Sales (Net) 2.83 ./share) [(F7-F8)/No.141.Administrative and other expenses 5.Shareholders Equity (E1+E2+E3) 1.791 0 359.Financial Statement Analysis of Non Financial Sector 2013 Al-Abid Silk Mills Ltd.756.024 548.24 1.994 64.636 0 378.104 148. wages and employee benefits 6.93 0.254.805.021 0 0 1.738.Return on assets [F7 as % of avg.63 0.959.99 1.252 95.48 6.10 7.254.826 304.24 0.781 1.27 1.Other input cost 3.511 2.516 525.Contractual Liabilities (G2+C1) H.813.895 610.872 2.486.862 113.Gross Profit 4.02 5.947 125.178 6.782 0 1.263.Salaries.Short term investments 5.905 2.887 5.431 10.03 4.322.60 0.719.379 95.096 0 (5.972 (1.834 (3.724 2.43 -51.885 151.810.04 10.600 133. administrative and other expenses i).220.795 10.472 0 0 1.51 1.252) 592.Depreciation for the year 5.Retention in business (F7-F8-F9) 4.650 0 31.Other non-current assets B.192 1.382) 22.096 134.876.406) 269.549 91.340.66 - - - - 1.612 (1.02 9.026 0 857.222.834 (5.103.765 304.65 2.327 63.598.36 -4.Key Performance Indicators 0.389.Miscellaneous 1.26 -750.Total capital employed (E+D) 2.06 0.977 554.Break-up value shares (Rs.87 5.506.977 661.800 7.416.05 5.799.967 739.750 213.320 7.92 25.Inventory Turnover Ratio (F1 to B2) 13.509.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.611 313.00 1.Cost of goods sold to sales (F2 as % of F1) 7.640 0 534.481.Long term investments 7.093 0 3.000 0 57.Issued.83 1.42 0.187.861 0 40.Current Assets (B1+B2+B3+B4+B5) 1.055.Trade Debt 4.133.13 0.70 161 0.597 77.814 107.407 1.574 (620.318 257.761.560.72 1.81 63.036.80 1.939.196 45.54 601.542.396 279.Preference shares 2.Operating fixed assets after deducting accumulated depreciation 4.Financial expenses of which: (i) Interest expenses 7.872 257.

802 96.891 302.205 569.121.427 70.Other input cost 3.876 18.91 0.28 2.537 76.284 316.206 135.86 0.311 155.40 180.77 0.656 F.853 10.027 559.479 94.674 40.050 725.292 230.Net profit margin (F7 as % of F1) 15.909 89.086 415.812 2.95 2.19 72.(A+B)] 9.Financial expenses of which: (i) Interest expenses 7.324 5.56 9.72 0.45 1.38 3.037 2.730 1.37 41.76 96.196 1.249 457.080 15.08 18.Total fixed liabilities (D1+D3) 3.335 553. of Ord.072 803.725 - 391.35 30.Key Performance Indicators 1.28 5.Other current assets C.354 313.26 12.Miscellaneous 1.247.451 1.487 177.740 1.Cost of goods sold to sales (F2 as % of F1) 7.839 76.288 1.925 0 139.062 15.89 Items 629.697 38.280 391.769 1.19 72.02 0.Earning per share after tax (Rs.272 50.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.013 (62.572 0 152. E) 10.160 254. wages and employee benefits 6.140 26.40 2.Capital Reserve ii).21 0.47 0.590 174.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 419.698 5.Reserves i).305 8.15 18.875 13.790 61.768 17.905 1.050 0 338.441 32.287 19.399 0 209.445 457.650 19.688 569.520 34.428 0 302.072 0 (33.Current Liabilities (C1+C2) 1.284 636.294 700.951 48.42 7.13 12.298 99.025.Operation: 1.Depreciation for the year 5.76 68.890 569.238.Long term investments 7.291) 327.011.273 0 0 0 47.445 217.00 -4.441 0 (16.Total value of bonus shares issued 11.370 18.393 1.969 54.31 10.51 0.427 259.Total amount of dividend 10.61 -0.95 0.69 0.268 2.Break-up value shares (Rs.183 0 319.93 2.195 569.410 113.441 82.195 0 391.280 0 295.486 143.57 17.868 960.Shareholders Equity (E1+E2+E3) 1.050 0 237.243 165.692 12.Non-Current Assets (A1+A3+A5+A6+A7) 1.Long term secured loans 2.878 15.12 85.445 319. Subscribed & Paid up capital i).904 172.050 0 476.Selling & distribution expenses ii).Local sales (Net) ii).449 23.981 0 46.80 0.37 16.279 35.757 5.38 11.60 2.690 1.842 576.742 0 294.68 0.078 0 1.802 84.45 -4.Short term investments 5.48 -0.897 102.Assets turnover ratio [F1 to (A+B)] 5.651 419.515 94.98 0.985 1.968) 16.15 147.Cost of material ii).Administrative and other expenses 5.988 33.Net profit before tax 8./share) [(F7-F8)/No.753 16.00 9.Capital work in progress 2.059 70.718 76.067 76.486 386.097 243.26 0.Dividend cover ratio [(F7-F8) to F9] 12.514 65.691 0 22.380 23.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Employees benefit obligations 5.06 1.25 162 2.958 68.Revenue Reserve 3.Retention in business (F7-F8-F9) 4.259 238.737 16.Export Sales (Net) 2.29 0.Cash flows from operations 332.239 148.540.17 70.46 12.393 125./share) (E/No.080 0 100.529 33.49 1.031 15.Sales i).978 94.Other non-current liabilities E.84 162.725 807.00 22.349 346.Current Assets (B1+B2+B3+B4+B5) 1.Long term unsecured loans 3.491 32.015 241.Other non-current assets B.922 146.445 565.210 0 33.284 1.101 199.035 99.37 1.40 10.872 807.985 77.445 705.82 0.307 163.793 2.62 13.757 238 0 0 33.Trade Debt as % of sales (B3 as % of F1) 4.Total capital employed (E+D) 2.782 2.428 415.45 0. shares] 17.757 170.393.121.045.709 8.050 76.133 19.842 0 0 0 65.354 0 13.815 0 138.379 238 76.20 9.222 168.92 20.788 31.269 160.48 21.617 10.76 17.050 76.15 0. G1) 11.81 0.74 2.180 665.174 500.96 1.Gross Profit 4.56 10.809 354.719 318.143 13.Inventories 3.325 557 139.386 0 68.061 3.38 11.352 10.005 653.789 1.549 0 83.244 0 92.807 76.045 37.33 17.Tax expense (current year) 9.399 323.Return on capital employed ( F7 as % of avg.909 0 112.224 132.02 0.754 146. A.50 10.Return of equity (F7 as % of avg.174) G.006 132.094 301.914 1.Financial expenses as % of sales (F6 as % of F1) 3.669 192.26 2.327 0 304.583 9.758 752.050 76.375 88.934 10.Intangible assets 6.234 96.375 96.11 0.00 15.011 53.Other current liabilities D.106 0 48.98 15.Debentures/TFCs 4.52 0.445 0 3.050 76.Salaries.204 113.050 0 585.050 0 236.107 1.011.Issued. of Ord.406 0 470.Return on assets [F7 as % of avg.035 135.155 1.Debt equity ratio [(C+D) to E] 8.Cost of sales i).Financial Statement Analysis of Non Financial Sector 2013 Bannu Woollen Mills Ltd.997 107.453 331.524 1.35 1.Trade Debt 4.025 0 22.Current ratio (B to C) 6.31 1.58 6.Cash & bank balance 2.268) 70.816 51.140 162.050 76.474 112.478 440.495 82.65 71.997 0.050 76.300 0 380.25 .406 663.557 0 72. administrative and other expenses i).464 110.309 663.Preference shares 2.Short term Secured loans 2.65 13.460 19.622 76.63 1.370.201 1.183 332.893 56.933 1.860 812.905 63.916 67.45 2.82 75.059 1.974 265.Operating fixed assets at cost 3.45 5.668 - 85.386 765 202.General.03 -3.19 14.704 19.27 -2.005 461.79 -5.250 577.45 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.495 71.183 93.94 25.Inventory Turnover Ratio (F1 to B2) 13.726 243.Acid test or quick ratio[(B1+B3+B4) to C] 2.598 0 19.46 0.039 57.327 65.722 9.Ordinary Shares ii).999 50.24 2.63 9.789 0 0 19.24 1.Operating fixed assets after deducting accumulated depreciation 4.469 80.235 0 0 (4. shares) - - 2.407 812.809 674.Contractual Liabilities (G2+C1) H.225 98.174 212.809 449.486 16.

834 8.682) 169.655 566.006 16.731 552.14 -73.619 23.20 13.488 14.519 63.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Return of equity (F7 as % of avg.514 4.576 11.Current Assets (B1+B2+B3+B4+B5) 1. 2008 2009 2010 2011 513.Preference shares 2.Operating fixed assets after deducting accumulated depreciation 4.Cash & bank balance 2.21 -1.703 - - 425.26 12.070 309.394 4.232 492.94 -2.855 209.677 0 39.Short term investments 5.658 - 999.593) 90 0 0 74. administrative and other expenses i).126 37.450 14.321 0 127.59 0.67 1.164 488.847 134 993 48.341 (96.784 311.713 4.119 747.58 0.Financial expenses as % of sales (F6 as % of F1) 3.219 17.532) 412 0 0 (28.32 -27.309 39.013 - - 134 992 80.346) 35.273) 35.183 38.198 0 135 2.564 565.Cost of sales i).21 3.376 298.222 73.05 0.797) 255.42 -8.635 237.865 264.068) 35.82 -356.378 - (Thousand Rupees) 2012 2013 321.27 -0.080 491.035 164.37 -25.232 409.26 -1.923 305.00 0.733 239.275 25.Reserves i).Other input cost 3.635 0 (614.965) 35.14 0.679 63.Shareholders Equity (E1+E2+E3) 1.931 0 0 (285.842 5.267 57.123 735.906 112.955 158.81 3.Cost of goods sold to sales (F2 as % of F1) 7.364 0 553 3.925 23.01 140.606 205.Intangible assets 6.Ordinary Shares ii).768 417.434 95.540 (84.09 1.175) 0 (196.Long term unsecured loans 3.20 444.701 13.816 182.890 82.80 -7.95 -17.21 163 .635 0 (432.600) 49 0 0 15.634 237.Salaries.Surplus on revaluation of fixed assets 685.677 18.39 0.63 92.862 525.472 0 967.91 0.639 169.141 0 0 G.795 116.787 470.Capital work in progress 2.649) 129.Return on assets [F7 as % of avg.068) 2.233 129.05 -0.Gross Profit 4.198 0.699 323.152 (70.638 54.08 2.374 241.685 237.27 0.564 17.401 0 584.10 0.Miscellaneous 1.997 695.302 (8.267 (96.023 0 39.50 6.999 966.241 17.188 333 0 0 109.Current Liabilities (C1+C2) 1.99 1.86 0.35 -3.09 -13.768 (707.31 0.519 59.768 (405.74 -8.17 0.666 237.022) 237.321 (98. shares) - - - - - - 4.206 18.845 0 0 173.Return on capital employed ( F7 as % of avg.67 -222.015 433.903 76.193 304.790 308.52 0. of Ord.269 0 0 187.332 540.469 40.277 513.941 326.Key Performance Indicators 1.46 14.18 -14.739 33.023 (20./share) [(F7-F8)/No.583) 237.335 543.592 255.12 -15.02 128.Long term investments 7.868 128.733 (74.Financial Statement Analysis of Non Financial Sector 2013 Crescent Jute Products Ltd.405) 82.635 237.Debt equity ratio [(C+D) to E] 8.244 0 310.352 191.174 35.407 69.002 547.140 18.634 0 (295.Current ratio (B to C) 6.845 40.Short term Secured loans 2.922 14.Net profit before tax 8.232 22.198 2.48 11.50 -686.Issued.939 30.400 77.005 17. Subscribed & Paid up capital i).Local sales (Net) ii).92 25.013 237.Inventory Turnover Ratio (F1 to B2) 13.94 87.44 0./share) (E/No.85 -0.48 F.Operating fixed assets at cost 3.53 43.418 745.113 0 43.Total value of bonus shares issued 11.173 335.635 237.625 (121.668 423.331 7.Dividend cover ratio [(F7-F8) to F9] 12.767 453.Employees benefit obligations 5.258 60.55 -4.733) 602.121 634.00 0.575 17.126 127.519 4.87 1.106 23.577 (66.768 (649.General.03 -2.Other non-current liabilities E.19 2.059 1.45 0.249 17.Trade Debt 4.218 656.Cash flows from operations 711.(A+B)] 9.635 0 (671.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Other current assets C.679 300.029) 35. shares] 17.Depreciation for the year 5.898 191.07 0.78 -21.836) 384.62 1.249 143.Export Sales (Net) 2.252 191.573 151.Long term secured loans 2.532 0 19.681 369.776 29.Earning per share after tax (Rs. wages and employee benefits 6.483 82.81 13.635 0 (369.222 - - 39.Assets turnover ratio [F1 to (A+B)] 5.892 524.403 128 35.73 3.86 0.34 1.25 0.434 319.999) 387.722 148.760 50.Operation: 1.897 142.701 31.372 35.Total amount of dividend 10.801 46.041) 492.960 0 924.021 189.100 25.824) 0 (66.52 2.806 694.16 1.890 17.98 92.45 0.Debentures/TFCs 4.Trade Debt as % of sales (B3 as % of F1) 4.635 0 76.749 245.Cost of material ii).Sales i).73 160.969) 28.635 237.822 618 1.294 110.750 (196.658 446.231 475.54 0.28 -5.11 208.902 55.753) 250.Inventories 3.14 -8.329 25.508 14.944) 325.27 0.Contractual Liabilities (G2+C1) H.10 3.Financial expenses of which: (i) Interest expenses 7.105 0 0 70.537 (183.Total capital employed (E+D) 2.Total fixed liabilities (D1+D3) 3.493 4.146 29.Acid test or quick ratio[(B1+B3+B4) to C] 2.019 237.Net profit margin (F7 as % of F1) 15.Revenue Reserve 3.865 0 135 1.Break-up value shares (Rs.985) 35.08 12.474 26.Operating cash flow to debt ratio [F11 to (C+D)] 16.524 49.040 108.343 85. E) 10.62 3.91 1.Capital Reserve ii).759 - - 73.681) 48.768 (330.081 54.778 255.642 128.260 871.30 0.813 78.137 47.519 (86.193 0.Retention in business (F7-F8-F9) 4.073) 331.635 237.Non-Current Assets (A1+A3+A5+A6+A7) 1.519 0 17.876 35. of Ord.14 25.706 6.Other non-current assets B.519 314.284 76.Tax expense (current year) 9.502 1.60 -4.679 478.410 0 615 28.68 115.32 -21.75 2.Administrative and other expenses 5.192 84.966 76.640 24.28 Items A.768 (468.944 17.66 19. G1) 11.36 0.Other current liabilities D.80 17.Selling & distribution expenses ii).04 -4.43 0.42 6.

73 18.830 155.469 4.649 33.964.91 Items 14.318.557.09 83.748.206.869 27.Financial Statement Analysis of Non Financial Sector 2013 Ibrahim Fibres Ltd.79 89.Other current assets C.230.478 3.406 4.054. shares) - - 5.Reserves i).981 4.566 35.Key Performance Indicators 1.590 3.015 2.83 0.975 824.Dividend cover ratio [(F7-F8) to F9] 12.04 4.070 0 6.551 15.356 5.Administrative and other expenses 5.843 6.463 672.975.541.Other input cost 3. A.727 828.982 152.208 1.340.379.325.814 1.19 6.86 0.(A+B)] 9.028.317 799.114 38.52 1.498 13.83 21.279.782 691.87 15.318 0 32.000 - 22.262.32 13.29 92.464 26.500 0 0 681.898 0 500.870.109.621 2.Trade Debt as % of sales (B3 as % of F1) 4.029 169.370.442 11.547.107 8.Cost of sales i).Miscellaneous 1.585 3.245 683.990 2.64 0.130 5.Net profit margin (F7 as % of F1) 15.827.34 92.600 553.673 14. G1) 11.11 4.88 18.874.302 1.Employees benefit obligations 5.386 11.775 0 (3.430 0 0 2.486.326.831.718 723.21 8.355.621 1.329 21.932.301.Current ratio (B to C) 6.223 1.800.436.19 91.356 1.501.16 5.16 14.852.542.000 G.Tax expense (current year) 9.38 4.105.451 1.07 0.676.302.43 1.424) 15.Depreciation for the year 5.105.173.73 0.193 6.842 9.070 3.607 21.Capital work in progress 2.970 77.56 5.Contractual Liabilities (G2+C1) H.898 2.852 4.86 1. Subscribed & Paid up capital i).086.903.667 0 0 525.521 10.262 38.51 1.66 21.165 833.615) 37.291 1.473 7.677.580.037 2.49 4.071.63 0.Gross Profit 4.041 9.656 17.825.279 0 2.615.694 0 1.214 8.618 280.07 0.311 129.374.282 621.754 2.250.91 1.238 7.92 4.60 0.000 0 0 401.52 4.40 8.123.298.930 5.537 644.903 33.790.606 0 1.123.388 2.665 21.409 4.138.105.600 870.899 24.070 3.427 941.026 15.093 1.161.247 126.726.653 3.79 0.852 3.412.861 615. of Ord.208 0 0 312.071.725.902 8.02 11.653.22 0.65 17.978 17.989.837 8.105.60 5.Short term investments 5.269 23.36 -0.227.874.776.262.580 1.982 3.119 60.633.Debt equity ratio [(C+D) to E] 8.79 12.736 5.843 3.302.08 12.Return of equity (F7 as % of avg.800.505 262.536 191.04 89.53 11.506.798 9.105.105.139 9.00 5.740 16.05 2.491 24.480 27.541. E) 10.185 874.443 109.467.287.218 2.000 3.493 52./share) (E/No.374.434 2.364 4.070 3.07 28.77 12.186.Long term investments 7.271 2.437 3.Return on assets [F7 as % of avg.982 21.579 19.483.491.700 0 3.47 0.708 553.810.Current Liabilities (C1+C2) 1.498.65 0.Cost of goods sold to sales (F2 as % of F1) 7.373 7.746.Debentures/TFCs 4.258.287.681.105.94 0.572.392.46 0.05 6.Operating cash flow to debt ratio [F11 to (C+D)] 16.138 217.04 0.003.379 10.03 4.116 138.26 -0.95 30.418 68.779.070 0 12.17 7.054.743. shares] 17.107 252 16.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Salaries.Earning per share after tax (Rs.300.79 1.189 931.511.754 7.463 1.186 13.561 9.928 14.166 20.152 94.412.480 11.541.338 2.846.565 7.783.680 37.627.Inventories 3.58 2.105.447.164.Cost of material ii).Acid test or quick ratio[(B1+B3+B4) to C] 2.575 1.747 951.565.108.513 0 22.326 19.572 780.Break-up value shares (Rs.477 15.886 19.Selling & distribution expenses ii).073 6.Financial expenses of which: (i) Interest expenses 7.782 - 632.077 32.23 11.681.392 931.997.23 7.842 0 5.426 12.983 0 1.237.087 3.Operating fixed assets after deducting accumulated depreciation 4.887 1.105.521 0 3.991 1.832 20.297 843.Capital Reserve ii).69 0.754 22.081 162.Trade Debt 4.91 13.Operation: 1.125 6.54 13.Long term unsecured loans 3.083.Export Sales (Net) 2.688.047.107 743.Total capital employed (E+D) 2.113.400 0 21.374.059.098 2.Non-Current Assets (A1+A3+A5+A6+A7) 1.387.821.407.732 5.165 5.141.Total fixed liabilities (D1+D3) 3.Long term secured loans 2.281 81.Local sales (Net) ii).741.48 22.109./share) [(F7-F8)/No.Revenue Reserve 3.836 28.Short term Secured loans 2.384 35.554 9.773 1.88 89.384.Sales i).781 12.909.034 1.Shareholders Equity (E1+E2+E3) 1.560.97 10.Total value of bonus shares issued 11.469.412 12.238.628 132.General.723.844 36.818.325.262.606 1.05 2.Return on capital employed ( F7 as % of avg.874 3.168 715.333 3.98 0.105.716 204.Ordinary Shares ii).Financial expenses as % of sales (F6 as % of F1) 3.500 2. of Ord.123.311.Current Assets (B1+B2+B3+B4+B5) 1.79 164 .593 0 F.114.769.220.070 0 22.070 0 8.174) 38.269 4.005 13.157.63 70.811.548.714.90 38.045.070 3.161 758.667 3.384.722 9.716 4.Other current liabilities D.677 7.90 1.515 2.261 1.378.622.18 0.667 5.069.Preference shares 2.190.770.070 3.456 1.05 49.885 12.607 2.Operating fixed assets at cost 3.Other non-current assets B.980.061 3.00 1.070 3.014.515.166 6.765.056 575.105.684.45 0.802 158.325 531. administrative and other expenses i).Net profit before tax 8.560 4.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 7.114 7.09 14.686 1.62 60.94 6.893.229 710.Cash & bank balance 2.150.000 2.730 4.Assets turnover ratio [F1 to (A+B)] 5.508 4.104 3.949.105.476.177.521 0 (1.719.014 18.Issued.070 0 15.59 14.663 54.61 0.283 14.223 132.086.24 1.708 0 36.402.656.23 9.182.805 461.926.645 3.74 0.440.093 13.Cash flows from operations 21.350.05 2.Intangible assets 6.229 6.453.930.814.686 21.295 16.89 9.200 1.60 17.756 3.828.215.56 28.580.736.688 162.72 0.161.978.827 5.675 448.175.42 -0.621 1.003 11.Other non-current liabilities E.29 0.50 9.807 7.239.014 0 (254.839.626 27.64 11.401 28.541 675.727 2.322 771.455.823.027 14.070 0 18.573.323 158.558 16.168.670.77 14.923 2. wages and employee benefits 6.517 58.250.075 21.Total amount of dividend 10.289 774.457 34.288 1.659.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.702 780.797.927 244.027 7.749.934 39.Inventory Turnover Ratio (F1 to B2) 13.133.452.824 72.790 0 2.383 29.740.Retention in business (F7-F8-F9) 4.236 0 4.

122 788 178 0 88.978 0 269 263 89.764 62.865 0 0 303 65.935 90./share) (E/No.Depreciation for the year 5.282 0 1.602 25. shares) - - - - - - 0.166 0 23.234 0 0 0 0 0 88. E) 10.133 160 0 689 420 0 0 344 0 0 0 0 0 0 0 4.Operation: 0 0 0 0 1. Items A.699 0 3.71 - - - - - - 0.574 35.Other current liabilities D.Cash & bank balance 2.Cost of sales i).574 35.795 2 1.05 0. of Ord.03 -0.38 0.06 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 - (20.Short term Secured loans 2./share) [(F7-F8)/No.200 0 4.36 0.482 0 22.63 19.Long term secured loans 2.00 0.Cost of goods sold to sales (F2 as % of F1) 7.00 0.Salaries.864) 50.Other current assets C.574 0 (20.645 35.50 0.711 0 89.Assets turnover ratio [F1 to (A+B)] 5.Issued.77 0.960 384 596 30 0 0 0 566 1.43 0.503 397 0 88.Current ratio (B to C) 6.00 0.90 57.07 0.670 226 2.927 23.Inventory Turnover Ratio (F1 to B2) 13.Acid test or quick ratio[(B1+B3+B4) to C] 2.01 165 15.40 0.Long term unsecured loans 3.39 37.Ordinary Shares ii).Financial expenses as % of sales (F6 as % of F1) 3.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Short term investments 5.096 0 8.72 - 1.Current Liabilities (C1+C2) 1.764 0 0 461 38 0 0 0 423 27.Total amount of dividend 10.98 0.168 0 22.236.063) 0 (22.935 0 0 0 0 0 0 0 4.97 3.444 21.05 0.04 - - - - - - 0.Key Performance Indicators 1.27 4.436 0 0 0 0 0 0 0 3. Subscribed & Paid up capital i).935 90.935 90.458 G.76 1.Dividend cover ratio [(F7-F8) to F9] 12.947 236 0 0 1.Administrative and other expenses 5.60 4.533 0 4.47 .458 444 23.533 1.10 0.486 23.00 0.Selling & distribution expenses ii).Other non-current assets 62. shares] 17.557 0 21.02 0.864) 0 (20.705) 50.574 35.167 0 3.Cost of material ii).Capital Reserve ii).167 989 2 2 28.665 0 0 817 65.Earning per share after tax (Rs.Operating cash flow to debt ratio [F11 to (C+D)] 16.698) 0 (20.Gross Profit 4.010 444 1.200 1.927 0 1.699 1.Operating fixed assets at cost 3.65 1.00 0.Trade Debt 4.Total capital employed (E+D) 2.Total value of bonus shares issued 11.935 90.Cash flows from operations 0 2.Trade Debt as % of sales (B3 as % of F1) 4.623 0 1.764 89.77 2.170 87.246 226 0.623 339 1.Intangible assets 6.00 0.127 0 (166) 479 89.34 0.698) 50.39 0.063 0 0 494 67.35 10.Return on assets [F7 as % of avg.574 0 (20.024 186 0 0 0 838 2.140 0 0 26 64.446 35.015 0 0 0 65.574 0 49 E.Miscellaneous 1.063) 50. G1) 11.00 0.07 18.170 2.02 0.574 35.Long term investments 7.015 2 0 1.Local sales (Net) ii).Debt equity ratio [(C+D) to E] 8.960 274 305 191 0 0 0 114 1.811 35.612 0 28.947 0 2.574 35.957) 50.95 0.283 23.Employees benefit obligations 5.85 46.(A+B)] 9.38 1. wages and employee benefits 6.705) 0 (18.960 484 1.32 18.Inventories 3.361 0 2.957) - F.960 384 350 80 0 0 0 270 1.096 1.960 374 1.01 0.435 173 0 0 1.Financial expenses of which: (i) Interest expenses 7.804 35.Debentures/TFCs 4.Non-Current Assets (A1+A3+A5+A6+A7) 2009 2010 2011 62.551 35.10 0.05 18.261 35.363 173 0 3. administrative and other expenses i).Preference shares 2.Return of equity (F7 as % of avg.Other input cost 3.Sales i).262 25.432 0 B.623 35.Non-Current Liabilities (D1+D2+D3+D4+D5) - 1.Export Sales (Net) 2.Total fixed liabilities (D1+D3) 3.313 1.574 (20.Revenue Reserve 3.General.05 8.Current Assets (B1+B2+B3+B4+B5) 1.Break-up value shares (Rs.574 35.16 0.095 938 156 0 88.207 1.06 0.36 3.Reserves i).08 18.91 2.365 23.132 0 1.574 0 (18.29 0.749 263 1.Return on capital employed ( F7 as % of avg.110 0 1.921 99 0 0 0 1.Net profit margin (F7 as % of F1) 15.574 0 (22.140 783 88.Shareholders Equity (E1+E2+E3) 1.45 0.10 4.822 2.Net profit before tax 8.22 0. of Ord.12 0.Tax expense (current year) 9.166 105 0 254 420 0 0 811 0 0 0 0 0 0 0 8.00 0.193 776 636 0 88.Financial Statement Analysis of Non Financial Sector 2013 Latif Jute Mills Ltd.067 - 0 0 0 0 0 0 0 3.Retention in business (F7-F8-F9) 4.844 479 2.06 0.Operating fixed assets after deducting accumulated depreciation 4.28 0.721 581 0 0 1.Capital work in progress 2.Contractual Liabilities (G2+C1) H.Other non-current liabilities 0 0 35.795 2.

938 0 12.Financial Statement Analysis of Non Financial Sector 2013 Noor Silk Mills Ltd.89 -25.00 0.(A+B)] 9.96 -24.595 0 6.86 - - - - - - 0.716 0 B.96 -5.000 0 (13. G1) 11.604 1.00 - 0.976 1.Local sales (Net) ii).015 6.00 2.33 0.000 4.02 0.Long term unsecured loans 3.Earning per share after tax (Rs.418) 4.000 0 (14.00 0.000 4.Shareholders Equity (E1+E2+E3) 1.14 - - - 0.Total fixed liabilities (D1+D3) 3.03 0.408 0 5.15 166 .Ordinary Shares ii).Acid test or quick ratio[(B1+B3+B4) to C] 2.151 0 356 0 (3.Operating fixed assets at cost 3.Long term investments 7.Other input cost 3.201 0 0 0 (9.Tax expense (current year) 9.26 21.466) 81 5.774 52 6 0 0 521 1. shares] 17.Cost of material ii).64 -13. E) 10.000 4.154 0 1.Return of equity (F7 as % of avg.170) - - 0 0 0 0 0 0 0 1.134 0 1.677) 0 - 0 0 0 0 0 0 0 995 0 995 299 0 0 578 60 0 0 554 0 0 0 0 0 0 0 1.Long term secured loans 2.Cost of sales i).Inventory Turnover Ratio (F1 to B2) 13.21 0.Operation: 0 0 0 0 1. shares) 0.476) 0 385 0 (3.969) 0 296 0 - - 0.Reserves i).03 -4.134 398 0 0 515 130 0 0 392 0 0 0 0 0 0 0 1.Depreciation for the year 5.Export Sales (Net) 2.154 326 0 0 478 122 0 0 365 (10.000 4.367 0 5.137 493 834 753 - - 6 5.Total amount of dividend 10.009 (10.201 0 6. of Ord.177 0 518 0 0.Selling & distribution expenses ii).59 -10.Debt equity ratio [(C+D) to E] 8.22 14.275 2.Sales i).Net profit margin (F7 as % of F1) 15. wages and employee benefits 6.Break-up value shares (Rs.Cost of goods sold to sales (F2 as % of F1) 7.938 0 C./share) (E/No.Retention in business (F7-F8-F9) 4.418) 0 (14.000 4.Trade Debt as % of sales (B3 as % of F1) 4.214 0 6.584 1.Surplus on revaluation of fixed assets - - 1.41 -1.013 (10.774 304 5 0 0 259 1.418 0 0 0 527 12.000 4. of Ord.Total value of bonus shares issued 11.Cash & bank balance 2.98 -27.Trade Debt 4.586 0 0 6.Debentures/TFCs 4.945 1.Current Liabilities (C1+C2) 1.08 -1.265) 0 211 0 (2.Key Performance Indicators 1.201 0 6.000 0 (14.334 0 0 0 0 0 0 0 1.67 -5.15 - - - - - -1.774 262 4 2.Revenue Reserve 3.Operating fixed assets after deducting accumulated depreciation 4.16 0.67 22.201 0 0 0 (9.936) 4.Return on capital employed ( F7 as % of avg.936) 0 1.Return on assets [F7 as % of avg.000 0 (13.578 0 0 0 6 0 0 0 12.936) - F.Financial expenses as % of sales (F6 as % of F1) 3.Salaries.201 0 0 6.21 -1.00 0.19 -0.Total capital employed (E+D) 2.677) 0 (13.Dividend cover ratio [(F7-F8) to F9] 12.04 0.Short term Secured loans 2.970 0 0 0 6 6.22 -77.67 0.46 -11.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.33 0.418) 0 567 0 2.408 6.Assets turnover ratio [F1 to (A+B)] 5.Contractual Liabilities (G2+C1) H.Cash flows from operations 0 923 923 0 1.09 -4.34 0.42 -13.Issued.Gross Profit 4.Intangible assets 6.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.201 0 0 0 (9.170) 0 (13.53 -23.Other non-current liabilities 959 400 2.41 -11.Net profit before tax 8.063) 0 563 0 2.275 398 - - 344 133 432 136 - - (432) 265 G.General.18 75.Preference shares 2.000 0 (13.774 57 2.00 0.605 850 2.Financial expenses of which: (i) Interest expenses 7.191 0 2.015 0 6.00 0.Short term investments 5.21 22.Other current assets E.Current ratio (B to C) 6. Subscribed & Paid up capital i).11 Items A.170) 4.316 125 0 0 - - 1.334 418 1.Other current liabilities D.74 -22. administrative and other expenses i).466) 0 (13.367 6. 2008 2009 2010 2011 57 573 0 2.04 1.598 0 0 0 6 0 0 0 12.21 27.Operating cash flow to debt ratio [F11 to (C+D)] 16.Employees benefit obligations 5.063) 4.774 46 5 0 0 521 1./share) [(F7-F8)/No.143 1.27 19.Other non-current assets (Thousand Rupees) 2012 2013 0 0 (10.774 262 4 - 1.201 0 6.677) 4.Non-Current Assets (A1+A3+A5+A6+A7) - 297 1.Administrative and other expenses 5.93 1.30 -26.20 -1.466) 4.76 -1.03 0.Capital work in progress 2.000 0 (14.82 -3.063) 0 (14.Current Assets (B1+B2+B3+B4+B5) 1.04 0.Miscellaneous 1.Capital Reserve ii).21 0.Inventories 3.

310 1.345 789.04 1.539 144.923 80./share) [(F7-F8)/No.41 15.Long term investments 7.039 690.851 0 235.016 0 50.646 2.587 17.985 0 3.074 1.Other input cost 3.817 3.617 89.733 98.043 42.51 4.199 0 0 22.Other non-current assets B.235.415 0 0 G.839 556.Return on capital employed ( F7 as % of avg.503 2.(A+B)] 9.Gross Profit 4.747 332.909 141.Cost of material ii).21 15.050 0 348.890 57.46 1.455 4.Net profit margin (F7 as % of F1) 15.122 829.09 85.683.Preference shares 2.45 4.223 50.582 560.411 0 338.732 1.31 94.486 0 1.69 7.400 0 296. of Ord.030.Operation: 1.88 1.79 13.Cost of goods sold to sales (F2 as % of F1) 7.Financial expenses of which: (i) Interest expenses 7.Current Assets (B1+B2+B3+B4+B5) 1.620 709.16 1.47 0.904 62.Debentures/TFCs 4.Issued.509 11.Cost of sales i).427 0 0 1.250 29.18 2.Tax expense (current year) 9.284.238 1. G1) 11.371 1.953.Return of equity (F7 as % of avg.33 0.088.31 0.117.57 1.34 1.648 425.30 0.499 3.94 .801 0 0 0 25.59 1.Long term unsecured loans 3.709 0 (21.Ordinary Shares ii).08 20.43 3.070 406.23 8.94 1.182 0 320.812.90 72.78 2.53 2.455 836.601 388.637 4.046 472. Subscribed & Paid up capital i).662 1.755 0 3./share) (E/No.Financial expenses as % of sales (F6 as % of F1) 3.57 94.567.014.695 76.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 425.400 0 606.74 2.334 0 0 194.Capital Reserve ii).035.02 0.234.400 556.892 1.438 0 3.323 150.268 2.463 972.56 1.Administrative and other expenses 5.884 84.036.480 560.Local sales (Net) ii).801 129.296 898.400 560.61 2.486 157.50 5.560 161.400 560.65 1.68 0.687 1.Miscellaneous 1.Inventory Turnover Ratio (F1 to B2) 13.171 19.898 0 0 0 30.133.250 40.124 25.488.923 19.312 184.Reserves i).22 0.925 417.361 114.250 0 0 28.15 5.060 310.611 0.960 365.139 158.486 0 606.Intangible assets 6.990. E) 10.19 6.186 337.722 939.09 13.849 556.584.240 137.809 1.417 6.Other non-current liabilities E.54 7.192 26.281.Sales i).400 0 338.075 15.315 173.818 181.927 526.280.033 1.Break-up value shares (Rs.98 1.123.280.811 560.30 93.089 936.Cash flows from operations 2.249 560.42 95.154.070 108.809 61.698 10.Total capital employed (E+D) 2.Export Sales (Net) 2.576.171 440.Acid test or quick ratio[(B1+B3+B4) to C] 2.693 103.186.28 Items 1.400 560.112 0 245.678 399.Revenue Reserve 3.48 2.525 0 215.011.588 1.969 67.07 7.Other current assets C.Key Performance Indicators 1.347 11.268 0 2.242 37. administrative and other expenses i).361 893.093 0 880.453 222.61 1.50 2.806 121.400 560.72 19.953 0 - 2.Retention in business (F7-F8-F9) 4.166.82 0.663 1.602 7.353 560.35 1.40 10.250 24.001 23.300 0 0 1.552 0 2.864 586.Net profit before tax 8.Total fixed liabilities (D1+D3) 3.675 0 23.72 46.887 87.86 0. shares] 17.83 15.687 0 284.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.579 43.Total amount of dividend 10.93 1.79 0.390.654 87.Debt equity ratio [(C+D) to E] 8.255 15.21 11.303 0 3.411 0 315.149 91.769 70.27 13.546 5.812 112.Trade Debt as % of sales (B3 as % of F1) 4.110 1.755 3.303 4.27 22.371 274.116 0 0 1. of Ord.154.053 281.932 184.751 121.048 140.13 1.088.073. wages and employee benefits 6.517.482 1.21 43.701 0 0 194.089 605.16 6.10 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Long term secured loans 2.Inventories 3.062 546.700 106.299 2.746 111.31 2.31 0.415 0 1.Selling & distribution expenses ii).733 293.016 856.95 2.397.71 - - 5.423 406.567 116.Operating fixed assets at cost 3.101 578.664 147.Total value of bonus shares issued 11.015 326.Earning per share after tax (Rs.342 971.839.849 - F.61 94.953 0 512.990 1.252 73.83 8.854) 5.187.584 110.80 1.452.Return on assets [F7 as % of avg.029 0 159.61 0.702.400 560.953 555.350 0 0 1.Other current liabilities D.437 1.452.Shareholders Equity (E1+E2+E3) 1.580 53.28 167 10.53 0.Assets turnover ratio [F1 to (A+B)] 5.360 164.457 41.823 14.51 0.310.083 0 4.060 561.Cash & bank balance 2.Trade Debt 4.Current Liabilities (C1+C2) 1.57 2.Current ratio (B to C) 6.Capital work in progress 2.Operating fixed assets after deducting accumulated depreciation 4.61 8.460 141.54 1.Short term investments 5.083 4.420 45.182 0 1.093 0 0 0 26.530 627.496 0 11.Contractual Liabilities (G2+C1) H.184 1.Financial Statement Analysis of Non Financial Sector 2013 Pakistan Synthetics Ltd.88 2.804 281.04 40.397 993.44 0.174.92 -0.Non-Current Assets (A1+A3+A5+A6+A7) 1.General.227.123.Depreciation for the year 5.00 0.891 88.82 0.619.162.26 1.008.754 7.05 0.Employees benefit obligations 5.270.106 4.384 9.246 0 1.397.Salaries.19 7.Short term Secured loans 2.462 80.362.060 96.400 0 320.384 306.733 362.183 356.480 40.284.400 560.111 370.215 906.27 3.321 0 1.049 274.46 0.546 0 4.080 0 97.646 0 2.907 2.15 1.886 560.56 0.437 0 0 0 (90.84 1.24 0.064.637 1. shares) 3.895 0 157.215 324.293 3.394 113.808 90.974 360.86 16.277 906.080 - 1.656 68.Operating cash flow to debt ratio [F11 to (C+D)] 16.192 0 417.400 0 512.Dividend cover ratio [(F7-F8) to F9] 12.821.155.43 19.996) 41.12 4. A.577 798.022 683.

Financial Statement Analysis of Non Financial Sector 2013

Rupali Polyester Ltd.
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2012
2013

2008

2009

2010

2011

992,533

1,113,163
2,845
2,634,322
969,334
88,116
0
92,064
48,920
1,609,448
527,326
607,564
5,481
0
469,077
230,032
0
230,032
263,293
0
0
0
64,871
198,422
2,229,286
340,685
340,685
0
1,888,601
71,490
1,817,111
0

1,244,063
300,143
2,650,301
907,586
85,578
0
32,150
4,184
1,560,041
168,314
687,403
61,302
0
643,022
241,656
0
241,656
261,634
0
0
0
70,672
190,962
2,300,814
340,685
340,685
0
1,960,129
71,490
1,888,639
0

1,224,168
26,998
3,019,111
1,192,889
83,843
0
0
4,281
2,748,464
10,266
1,925,566
65,930
0
746,702
1,146,577
10,817
1,135,760
329,253
0
0
0
79,661
249,592
2,496,802
340,685
340,685
0
2,156,117
71,490
2,084,627
0

1,542,894
226,909
3,195,563
1,311,704
113,854
0
0
4,281
2,558,210
74,688
1,354,876
36,621
0
1,092,025
1,400,079
639,173
760,906
365,068
0
0
0
82,328
282,740
2,335,957
340,685
340,685
0
1,995,272
71,490
1,923,782
0

1,582,291
37,110
3,564,670
1,540,900
140,333
0
0
4,281
2,088,409
12,157
862,427
8,162
0
1,205,663
1,393,461
933,967
459,494
411,166
0
0
0
80,175
330,991
1,866,073
340,685
340,685

-

4,237,268
4,237,268
0
3,937,467
3,075,092
862,375
299,801
124,810
12,376
112,434
221,836
3,215
86
261,092
90,972
136,274
0
329,278

4,774,324
4,774,324
0
4,301,276
3,169,957
1,131,319
473,048
260,770
13,669
247,101
227,178
2,925
5
286,005
107,860
136,274
0
98,235

6,455,848
6,420,837
35,011
5,804,892
5,664,817
140,075
650,956
185,600
15,397
170,203
272,250
11,914
6,493
503,881
116,219
187,377
0
62,959

6,390,922
6,390,922
0
6,175,904
4,299,341
1,876,563
215,018
142,834
14,781
128,053
269,128
43,516
39,073
81,750
63,909
34,069
0
58,680

6,091,802
6,091,802
0
6,317,322
4,407,474
1,909,848
(225,520)
142,630
15,706
126,924
279,171
81,965
78,546
(357,747)
30,459
0
0
(143,507)

2,414,538
0
68,905
0

2,492,579
0
33,846
0

2,562,448
0
41,871
0

2,826,055
0
200,285
10,817

2,701,025
0
(16,228)
639,173

2,277,239
0
(388,206)
933,967

0.07
0.18
1.02
1.63
2.40
89.92
0.59
14.87
21.01
18.70
2.07
3.35
78.60
7.81
0.04
11.38
73.29

0.08
0.68
0.57
1.56
1.83
96.64
0.76
2.03
3.38
2.96
0.52
4.72
3.09
1.28
0.03
0.52
68.57

0.01
1.35
0.13
1.66
1.50
103.70
0.97
-9.21
-17.03
-14.37

Items

2,594,338
992,533
85,844
0

1,938,874
366,644
881,259
3,945
91,844
595,182
516,869
0
516,869
279,678

0

279,678
2,134,860
340,685
340,685
0
1,794,175

-

1,525,388
71,490
1,453,898

-

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax expense (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

4,240,964
4,240,964
0
3,982,831

258,133
115,006

115,006

2,213

227,539
56,428
102,206
0

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
0.89
0.05
0.09
1.45
3.75
93.91
0.37
8.04
10.88
10.20
1.67
4.81

1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

5.37
0.00
5.02
62.66

168

2.32
0.08
0.13
1.56
7.00
92.92
0.22
9.24
11.97
10.64
1.25
6.97
3,036.95
6.16
0.67
4.99
65.44

0.95
0.06
1.28
1.70
6.46
90.09
0.22
10.35
12.63
11.32
1.31
6.95
57,202.00
5.99
0.20
5.23
67.53

7.06
-3.55
-5.87
-0.08
-11.39
54.77

Financial Statement Analysis of Non Financial Sector 2013

S.G. Fibres Ltd.
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2012
2013

2008

2009

2010

2011

782,836

743,123
0
1,820,349
743,027
39,537
0
0
96
101,848
1,683
6,757
0
0
93,408
189,645
0
189,645
579,909
0
568,807
0
5,364
5,738
75,417
150,000
150,000
0
(74,583)
337,400
(411,983)
0

705,900
0
1,817,189
705,804
37,104
0
0
96
99,995
2,654
3,933
0
0
93,408
182,872
0
182,872
587,515
0
576,413
0
5,364
5,738
35,508
150,000
150,000
0
(114,492)
337,400
(451,892)
0

670,995
0
1,816,368
670,899
34,870
0
0
96
79,237
610
3,933
0
0
74,694
179,460
0
179,460
590,549
0
579,446
0
5,364
5,738
(19,777)
150,000
150,000
0
(169,777)
337,400
(507,177)
0

638,246
0
1,809,955
638,150
32,434
0
0
96
64,260
9
1,959
0
0
62,292
297,329
0
297,329
470,528
0
459,426
0
5,364
5,738
(65,351)
150,000
150,000
0
(215,351)
337,400
(552,751)
0

-

0
0
0
33,474
0
33,474
(33,474)
13,448
0
13,448
2,478
32
0
(44,312)
0
0
0
193,551

0
0
0
34,207
0
34,207
(34,207)
11,681
0
11,681
3,724
3
0
(39,910)
0
0
0
(7,332)

0
0
0
48,578
0
48,578
(48,578)
10,684
0
10,684
2,558
88
0
(55,285)
0
0
0
(5,203)

0
0
0
35,097
0
35,097
(35,097)
13,976
0
13,976
16
1
0
(45,572)
0
0
0
(3,060)

0
0
0
26,272
0
26,272
(26,272)
8,715
0
8,715
23
8
0
(57,816)
0
0
0
(300)

95,749
0
(48,339)
0

655,326
0
(44,312)
0

623,023
0
(39,910)
0

570,772
0
(55,285)
0

405,177
0
(45,572)
0

270,043
0
(57,816)
0

0.00

0.01

0.01

0.00

0.00

0.00

-

-

-

-

-

-

0.00
0.32

0.00
0.54

0.00
0.55

0.00
0.44

0.00
0.22

0.00
0.17

Items

1,822,875
782,836
42,211
0

321,479
969
23,363
51
0
297,096
1,008,566
0
1,008,566
353,037

0

353,037
(257,288)
150,000
150,000
0
(407,288)

-

567,401

1,549,176
567,305
30,193
0
0
96
63,060
427
200

62,433
360,418
0
360,418
393,211
0
382,109
0
5,364
5,738
(123,168)
150,000
150,000

(273,168)
337,400
(610,568)
0

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax expense (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

0
0
0
37,389

(37,389)
11,602

11,602

2,138

(48,339)
0
0
0

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

169

-

-

-

-

-

-

-5.29
-4.23
75.10
-18.36

10.20
-4.55
48.73
-11.80

21.70
-4.83
-71.96
-6.24

-38.93
-7.11
-702.89
-9.26

-11.75
-6.27
107.07
-9.34

-6.12
-8.67
61.34
-17.13

-

-

-

-

-

-

0.00

0.00

0.00

0.00

0.00

0.00

-

-

-

-

-

-

0.00
-3.22
-17.15

0.25
-2.95
5.03

-0.01
-2.66
2.37

-0.01
-3.69
-1.32

0.00
-3.04
-4.36

0.00
-3.85
-8.21

Financial Statement Analysis of Non Financial Sector 2013

Suhail Jute Mills Ltd.
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2012
2013

2008

2009

2010

2011

754,940

811,866
0
942,614
746,875
8,107
0
2,550
62,441
199,731
2,642
101,728
5,676
44,386
45,298
194,576
0
194,576
23,104
0
0
0
0
23,104
793,917
37,450
37,450
0
37,032
0
37,032
719,435

804,064
0
942,631
739,182
7,710
0
0
64,883
233,761
1,606
68,568
45,195
51,314
67,077
226,763
155,102
71,661
26,038
0
0
0
26,038
0
785,024
37,450
37,450
0
33,446
(10,301)
43,747
714,128

921,618
0
868,761
854,279
676
0
0
67,339
79,276
15,982
19,007
4,200
182
39,904
234,064
180,650
53,414
24,486
0
0
0
24,486
0
742,344
37,450
37,450
0
(14,246)
33
(14,279)
719,139

914,707
0
868,988
846,217
8,289
0
190
68,300
34,587
451
824
0
192
33,120
250,908
158,810
92,098
26,928
0
22,975
0
3,953
0
671,458
37,450
37,450
0
(188,815)
24
(188,839)
822,823

914,707
0
868,988
846,217
8,289
0
190
68,300
34,587
451
824
0
192
33,120
250,908
158,810
92,098
26,928
0
22,975
0
3,953
0
671,458
37,450
37,450
0
(188,815)
24
(188,839)
822,823

-

344,967
344,967
0
296,144
197,717
98,427
48,823
31,262
5,574
25,688
75,889
43,532
42,771
(22,132)
0
0
0
(10,342)

414,395
414,395
0
370,696
243,390
127,306
43,700
29,219
5,918
23,302
70,814
26,630
23,984
(4,610)
2,609
0
0
(29,897)

61,385
61,385
0
182,985
16,842
166,143
(121,600)
29,538
274
29,264
27,420
19,064
4,749
(176,933)
27
0
0
(23,636)

18,093
18,093
0
18,183
0
18,183
(90)
49,128
40
49,088
19,085
23,204
20,909
(69,486)
181
0
0
(15,287)

18,093
18,093
0
18,183
0
18,183
(90)
49,128
40
49,088
19,085
23,204
20,909
(69,486)
181
0
0
(15,287)

945,613
0
23,035
228,117

817,021
0
(22,132)
0

811,062
0
(7,219)
155,102

766,829
0
(176,960)
180,650

698,386
0
(69,667)
158,810

698,386
0
(69,667)
158,810

0.15
12.57
13.40
0.21
1.74
96.33
0.30
2.52
3.61
3.53

0.27
12.62
1.65
0.34
1.03
85.85
0.27
-2.00
-2.58
-2.51

0.43
6.43
10.91
0.40
1.03
89.45
0.32
-0.45
-0.58
-0.57

0.09
31.06
6.84
0.06
0.34
298.09
0.35
-17.36
-23.17
-22.43

0.00
128.25
0.00
0.02
0.14
100.50
0.41
-7.13
-9.83
-9.48

0.00
128.25
0.00
0.02
0.14
100.50
0.41
-7.32
-10.35
-9.95

Items

342,572
754,940
7,607
0

448,218
2,375
90,450
33,991
2,550
318,852
257,545
228,117
29,428
22,682

0

22,682
922,931
37,450
37,450
0
885,481

-

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax expense (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

253,742
240,343
13,399
244,434

9,308
35,816

35,816

31,893

24,278
1,243
0
0

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

-

-

-

-

-

-

2.81

3.39
0.48
-6.42
-0.05
-5.91
211.99

6.04
0.81
-1.11
-0.12
-1.93
209.62

3.23
-36.26
-288.23
-0.09
-47.25
198.22

21.96
-2.32
-384.05
-0.06
-18.60
179.29

21.96
-2.32
-384.05
-0.06
-18.60
179.29

9.57
0.00
6.15
246.44

170

Financial Statement Analysis of Non Financial Sector 2013

The National Silk & Rayon Mills Ltd.
2008

2009

2010

2011

171,672

160,148
0
268,800
157,175
13,496
0
0
2,973
70,846
1,894
23,803
23,340
0
21,808
58,572
4,616
53,957
102,485
3,594
92,089
0
5,385
1,417
69,937
11,109
11,109
0
9,449
0
9,449
49,379

177,806
0
253,656
174,339
11,613
0
0
3,467
74,972
2,463
22,046
23,187
0
27,276
74,386
8,144
66,242
107,590
4,551
97,089
0
5,951
0
70,802
11,109
11,109
0
10,313
0
10,313
49,379

170,387
0
287,925
167,446
13,171
0
0
2,941
91,332
3,801
45,028
15,472
0
27,031
88,007
33,427
54,580
106,254
2,329
97,089
0
6,836
0
67,458
11,109
11,109
0
6,970
0
6,970
49,379

-

390,774
371,277
19,497
371,971
166,364
205,607
18,804
21,331
836
20,495
26,834
3,762
2,566
(658)
202
0
0
13,113

378,186
367,222
10,964
356,855
155,756
201,099
21,330
17,101
288
16,813
24,311
4,413
2,877
1,827
1,944
1,111
0
5,566

84,688
0
1,366
27,096

172,422
3,594
(859)
8,209

0.20
1.91
8.53
1.18
0.54
93.61
2.71
1.23
4.30
3.69

0.43
0.96
5.97
1.69
1.21
95.19
2.30
-0.26
-0.92
-0.51

Items
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)

268,800
171,672
11,238
0

101,264
9,332
29,364
27,377
0
35,191
188,248
27,096
161,152
11,160

-

1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

0

11,160
73,528
11,109
11,109
0
62,419

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

-

(Thousand Rupees)
2012
2013
326,735

331,780

-

-

133,052
324,913
13,392

148,386
330,811
16,462

-

-

1,822
94,813
1,616
34,852
20,826

969
121,436
11,082
20,043
30,653

-

-

37,519
89,286
31,740
57,546
133,686

59,658
87,344
25,103
62,241
159,465

-

-

125,922

145,422

-

-

7,764

11,138
176,329

14,042
1
206,407
11,109
11,109
0
18,969
0
18,969
176,329

365,110
357,030
8,080
343,775
150,860
192,915
21,335
16,211
383
15,828
25,459
4,849
4,270
1,700
3,826
0
0
1,104

502,966
500,811
2,155
471,381
213,346
258,035
31,585
19,390
250
19,139
29,916
4,875
4,186
9,198
5,030
0
0
15,364

522,512
522,512
0
482,722
230,852
251,870
39,790
22,767
167
22,600
42,811
4,940
4,562
15,585
2,630
1,111
0
17,134

178,392
4,551
(1,228)
12,695

173,712
2,329
(2,126)
35,756

332,262
0
4,168
31,740

365,872
0
11,844
25,103

0.34
1.17
6.13
1.50
1.01
94.36
2.57
0.76
2.60
1.04
-0.10
17.15
1.64
0.48
0.03
-0.10
63.73

0.22
1.33
4.24
1.40
1.04
94.16
2.88
0.66
2.46
0.97

0.25
0.97
4.14
1.19
1.06
93.72
1.12
2.69
6.91
3.64

0.48
0.95
5.87
1.15
1.39
92.38
1.20
3.56
7.70
4.46
11.66
26.07
4.42
2.98
0.07
11.66
185.80

198,576
11,109
11,109

11,138

-

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax expense (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

321,137
0
321,137
300,632

20,505
15,228

15,228

6,144

2,983
1,617
0
0

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

-

-

10.94

16.42
0.74
-0.17
0.08
-0.77
62.95

0.93
0.00
1.23
66.19

171

-

-

8.11
1.40
0.47
0.01
-1.91
60.72

14.43
3.20
1.83
0.07
3.75
178.75

FOOD

Financial Statement Analysis of Non Financial Sector 2013

Food Sector - Overall
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2012
2013

2008

2009

2010

2011

72,014,616

89,823,067
4,429,716
118,517,890
77,179,963
5,710,359
1,258,812
4,104,428
2,850,148
53,944,041
4,670,940
27,626,646
4,068,960
616,985
16,960,511
64,292,832
29,081,728
35,211,104
39,678,532
16,281,911
9,521,870
0
607,752
13,267,000
39,795,741
11,188,197
11,115,697
72,500
17,050,177
2,719,330
6,576,548
11,557,367

99,198,095
7,065,725
126,701,027
81,276,519
5,960,799
1,749,492
4,989,558
4,116,801
57,708,550
6,390,993
27,472,658
4,600,336
804,921
18,439,642
68,909,614
30,244,671
38,664,942
37,655,178
13,894,942
11,173,538
392,818
1,037,904
11,155,976
50,341,852
12,434,606
12,434,106
500
22,483,646
2,799,577
19,684,070
15,423,600

125,268,474
14,367,904
149,163,688
98,842,065
15,145,769
2,320,500
5,771,444
3,966,561
101,590,053
6,568,430
59,681,617
7,114,222
2,406,267
25,819,517
107,232,558
51,021,797
56,210,761
52,007,530
24,806,600
12,360,411
0
1,501,361
13,339,158
67,618,439
20,342,932
20,342,432
500
30,363,676
4,100,920
26,262,756
16,911,831

147,502,278
19,494,309
164,937,019
110,046,079
14,968,223
1,788,317
7,842,008
8,331,565
115,080,459
6,567,186
62,974,947
8,814,847
4,650,661
32,072,818
120,205,247
55,517,094
64,688,153
60,810,330
30,321,280
13,001,677
0
1,631,690
15,855,683
81,567,160
20,263,986
20,263,986
0
44,841,053
4,841,313
39,999,740
16,462,121

161,455,302
13,272,136
196,380,544
132,295,044
15,653,653
1,015,566
8,085,649
6,786,907
112,907,618
11,089,229
49,332,655
7,307,875
2,218,258
42,959,601
117,943,778
50,205,266
67,738,512
68,115,217
36,832,654
11,046,437
0
1,899,168
18,336,958
88,303,925
20,469,413
20,469,413
0
49,546,249
5,210,442
44,335,807
18,288,263

-

197,440,211
183,332,584
14,107,627
151,188,999
116,890,099
34,298,900
46,251,212
25,593,203
16,338,479
9,254,724
12,474,704
8,424,632
7,289,873
15,233,440
4,608,293
4,981,054
1,486,629
21,594,565

269,450,066
251,676,281
17,773,785
216,785,696
178,616,092
38,169,603
52,664,370
27,087,181
18,006,109
9,081,072
12,582,073
7,693,650
6,766,542
19,598,319
6,246,397
9,631,837
287,725
23,477,157

346,551,314
320,613,451
25,937,863
275,631,563
201,955,630
73,675,934
70,919,751
37,213,614
25,317,944
11,895,670
16,705,251
11,243,151
10,507,631
25,227,564
7,499,918
10,757,921
82,622
11,057,530

383,166,823
349,607,959
33,558,864
302,173,715
252,532,588
49,641,127
80,993,108
44,229,710
31,005,582
13,224,127
21,582,087
11,284,306
10,355,118
29,819,233
7,953,606
12,498,325
124,989
29,970,051

414,253,558
359,756,403
54,497,155
328,457,175
263,570,539
64,886,636
85,796,383
52,035,278
36,839,741
15,195,537
23,184,387
10,419,597
9,676,427
28,453,439
8,027,129
15,889,252
243,027
39,084,827

54,055,727
0
1,667,675
32,869,478

79,474,273
16,281,911
5,644,093
45,363,638

87,997,029
14,287,760
3,720,084
44,532,432

119,625,969
24,806,600
6,969,725
75,828,397

142,377,490
30,321,280
9,367,302
85,838,374

156,419,142
36,832,654
4,537,058
87,037,920

0.19
3.42
3.32
1.42
0.78
80.99
3.09
7.88
32.12
20.14
1.36
6.70

0.15
4.27
2.06
1.37
0.84
76.57
2.61
10.96
41.94
22.82
2.13
7.15
3.09
7.72
0.21
9.44
35.34

0.17
2.86
1.71
1.72
0.84
80.45
2.12
13.04
43.49
23.40
1.39
9.81
3.90
7.27
0.22
10.51
39.64

0.15
3.24
2.05
1.53
0.95
79.54
2.35
13.15
42.77
24.30
1.65
5.81
3.40
7.28
0.07
8.54
32.58

0.17
2.95
2.30
1.46
0.96
78.86
2.22
12.19
39.98
22.76
1.75
6.08
3.88
7.78
0.17
10.57
39.45

0.17
2.52
1.76
1.51
0.96
79.29
2.11
10.60
33.50
19.05
1.29
8.40
3.94
6.87
0.21
9.78
42.28

Items

106,983,528
71,057,604
4,670,296
957,012

62,306,422
3,176,889
28,517,439
6,348,583
5,682,571
18,580,940
80,265,311
32,869,478
47,395,833
21,199,784

0

21,199,784
32,855,943
9,900,358
9,822,575
77,783
22,955,585

-

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax expense (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

191,071,729
175,067,233
16,004,496
154,742,139

36,329,590
22,208,245

22,208,245

6,533,330

9,682,555
3,389,531
4,625,349
227,790

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

5.07
0.00
6.39
33.35

173

Billion Rs

Growth with Composition of Assets & Liabilities

180
160
140
120
100
80
60
40
20
0

14%
12%
10%
8.3% 8%
6%
4%
2%
0%
-2%
-4%

12.0%
9.5%

-1.9%

-1.9%
Non-Current Assets

Current Assets

Current Liabilities

2012

Non-Current
Liabilities

2013

Shareholders Equity

Growth

Billion Rs

Growth & Composition of Operations
2012

450
400
350
300
250
200
150
100
50
0

8%
6%

5.9%

4%
2%
0%
-2%
-4%

-4.6%
Sales

Gross Profit

35

2012

12

2013

10

33.5

30
25

22.76
19.05
12.19
10.6

Return on
Capital
Employed

2012

-6%

10.57

2013

9.78

7.78

8

6.87

6
4
2

Return on
Return on
Assets
Equity

Net Profit Before Tax

Key Performance Indicators

Percentage

39.98

40

Percentage

Growth
10%

8.1%

Profitability/Efficiency Ratios

20
15
10
5
0

2013

0

2.22

2.11

0.96 0.96

Current
Ratio

Debt
Equity
Ratio

Net
Profit
Margin

Earning
Per Share
after Tax

SUGAR

Financial Statement Analysis of Non Financial Sector 2013

Sugar - Overall
A.Non-Current Assets (A1+A3+A5+A6+A7)
1.Capital work in progress
2.Operating fixed assets at cost
3.Operating fixed assets after deducting accumulated depreciation
4.Depreciation for the year
5.Intangible assets
6.Long term investments
7.Other non-current assets

B.Current Assets (B1+B2+B3+B4+B5)
1.Cash & bank balance
2.Inventories
3.Trade Debt
4.Short term investments
5.Other current assets

C.Current Liabilities (C1+C2)
1.Short term Secured loans
2.Other current liabilities

D.Non-Current Liabilities (D1+D2+D3+D4+D5)
1.Long term secured loans
2.Long term unsecured loans
3.Debentures/TFCs
4.Employees benefit obligations
5.Other non-current liabilities

E.Shareholders Equity (E1+E2+E3)
1.Issued, Subscribed & Paid up capital
i).Ordinary Shares
ii).Preference shares
2.Reserves
i).Capital Reserve
ii).Revenue Reserve
3.Surplus on revaluation of fixed assets

(Thousand Rupees)
2012
2013

2008

2009

2010

2011

46,934,891

60,631,820
2,221,206
78,322,076
52,749,792
3,245,304
626,570
3,060,254
1,973,998
29,527,395
2,730,532
13,163,997
1,521,714
554,071
11,557,082
39,400,712
24,199,932
15,200,780
29,588,466
14,889,139
5,250,895
0
280,692
9,167,741
21,170,034
8,488,374
8,487,874
500
3,911,882
1,994,811
2,283,087
8,769,778

65,701,458
2,299,689
84,875,173
55,372,496
3,440,173
625,252
3,807,000
3,597,021
26,193,181
2,997,741
8,711,356
2,090,120
599,170
11,794,794
37,452,850
21,630,433
15,822,416
26,755,059
12,587,404
5,489,703
392,818
359,644
7,925,490
27,686,729
9,354,967
9,354,467
500
5,779,087
1,077,154
4,701,934
12,552,675

71,171,242
4,594,015
90,783,869
60,304,249
11,183,268
622,077
4,468,037
1,182,864
53,777,860
3,133,619
31,898,835
3,533,012
922,287
14,290,107
60,876,181
34,848,654
26,027,527
31,131,622
15,686,132
6,139,372
0
386,804
8,919,314
32,941,299
9,700,916
9,700,416
500
9,203,326
1,685,695
7,517,631
14,037,057

75,219,401
4,312,048
92,270,733
59,955,203
10,011,263
617,947
6,457,595
3,876,608
56,500,868
2,406,829
31,720,430
4,301,988
825,360
17,246,261
67,085,735
37,369,661
29,716,074
29,260,837
14,283,980
6,010,894
0
431,518
8,534,445
35,373,697
9,364,232
9,364,232
0
13,026,300
2,773,878
10,252,422
12,983,165

83,038,840
5,270,877
102,992,472
67,770,956
9,204,293
10,208
6,173,160
3,813,639
50,253,810
2,635,236
23,466,697
2,666,390
960,113
20,525,374
60,956,294
33,972,522
26,983,772
32,236,442
14,888,787
6,728,261
0
460,426
10,158,968
40,099,914
9,366,411
9,366,411
0
15,592,569
2,789,000
12,803,569
15,140,934

-

80,656,280
74,102,840
6,553,440
68,081,173
54,227,221
13,853,952
12,575,107
4,835,791
804,048
4,031,743
5,494,748
6,706,709
6,543,655
3,253,640
820,732
886,929
176,842
7,721,316

128,764,923
120,571,488
8,193,435
114,829,068
97,321,598
17,507,469
13,935,855
4,594,553
759,549
3,835,004
5,030,031
6,156,267
5,981,745
4,227,737
1,637,023
1,043,479
241,631
9,815,817

144,796,874
126,709,321
18,087,553
127,664,207
80,803,030
46,861,178
17,132,667
5,654,990
1,186,988
4,468,002
5,941,857
7,951,237
7,591,245
4,922,255
2,175,884
1,514,639
47,239
(5,311,302)

140,885,875
116,415,010
24,470,865
127,802,172
112,364,962
15,437,210
13,083,703
5,943,838
1,659,256
4,284,582
6,819,935
7,107,602
6,700,637
2,111,266
1,046,999
1,294,034
87,337
5,380,435

158,170,236
114,018,543
44,151,693
145,807,021
122,450,745
23,356,276
12,363,215
6,862,740
2,427,708
4,435,032
6,996,874
6,316,904
5,910,204
2,569,833
1,228,216
1,120,008
96,113
11,461,069

31,918,801
0
(355,794)
22,234,082

50,758,500
14,889,139
1,545,979
39,089,070

54,441,787
12,980,222
1,547,234
34,610,656

64,072,921
15,686,132
1,231,732
50,534,786

64,634,534
14,283,980
(229,767)
51,653,641

72,336,356
14,888,787
221,609
48,861,309

0.19
6.34
4.67
0.93
0.71
89.08
3.69
0.77
3.49
1.94
0.32
5.44

0.12
8.32
1.89
0.89
0.75
84.41
3.26
3.75
16.70
7.87
2.74
6.13
1.50
4.03
0.11
2.65
23.09

0.15
4.78
1.62
1.40
0.70
89.18
2.32
4.64
17.31
8.04
2.48
14.78
1.71
3.28
0.15
2.55
27.27

0.12
5.49
2.44
1.16
0.88
88.17
2.79
4.54
16.24
8.31
1.81
4.54
1.65
3.40
-0.06
2.58
30.93

0.11
5.04
3.05
1.07
0.84
90.71
2.72
1.65
6.18
3.28
0.82
4.44
1.32
1.50
0.06
1.03
34.30

0.10
3.99
1.69
1.19
0.82
92.18
2.32
1.94
6.81
3.75
1.20
6.74
1.43
1.62
0.12
1.30
38.87

Items

69,830,500
46,354,656
2,657,270
580,235

36,524,492
2,163,198
14,189,541
3,606,937
4,266,117
12,298,699
51,540,582
22,234,082
29,306,500
14,119,210

0

14,119,210
17,799,591
7,334,284
7,334,284
0
10,465,307

-

F.Operation:
1.Sales
i).Local sales (Net)
ii).Export Sales (Net)
2.Cost of sales
i).Cost of material
ii).Other input cost
3.Gross Profit
4.General, administrative and other expenses
i).Selling & distribution expenses
ii).Administrative and other expenses
5.Salaries, wages and employee benefits
6.Financial expenses
of which: (i) Interest expenses
7.Net profit before tax
8.Tax expense (current year)
9.Total amount of dividend
10.Total value of bonus shares issued
11.Cash flows from operations

77,215,575
64,701,917
12,513,658
68,784,238

8,431,337
4,370,926

4,370,926

4,896,627

591,121
425,168
521,747
177,176

G.Miscellaneous
1.Total capital employed (E+D)
2.Total fixed liabilities (D1+D3)
3.Retention in business (F7-F8-F9)
4.Contractual Liabilities (G2+C1)

H.Key Performance Indicators
1.Acid test or quick ratio[(B1+B3+B4) to C]
2.Financial expenses as % of sales (F6 as % of F1)
3.Trade Debt as % of sales (B3 as % of F1)
4.Assets turnover ratio [F1 to (A+B)]
5.Current ratio (B to C)
6.Cost of goods sold to sales (F2 as % of F1)
7.Debt equity ratio [(C+D) to E]
8.Return on assets [F7 as % of avg.(A+B)]
9.Return of equity (F7 as % of avg. E)
10.Return on capital employed ( F7 as % of avg. G1)
11.Dividend cover ratio [(F7-F8) to F9]
12.Inventory Turnover Ratio (F1 to B2)
13.Interest cover ratio [(F7+ F6(i)) to F6(i)]
14.Net profit margin (F7 as % of F1)
15.Operating cash flow to debt ratio [F11 to (C+D)]
16.Earning per share after tax (Rs./share) [(F7-F8)/No. of Ord. shares]
17.Break-up value shares (Rs./share) (E/No. of Ord. shares)

0.77
0.00
0.21
22.55

176

3% Profitability/Efficiency Ratios 3 2013 2.2% 15% 10% 5% 0% -5% -9.5 1.32 2 1.1% Non-Current Assets Current Assets Current Liabilities 2012 -10% Non-Current Liabilities 2013 -15% Shareholders Equity Growth Billion Rs Growth & Composition of Operations 2012 180 160 140 120 100 80 60 40 20 0 21.81 6 Percentage 20% 5% 7 2 Growth 25% 15% 12.62 1.3 1.18 5 4 3.84 0.7% 10% 0% -5% -5.94 1 Percentage 6.4% 13.4% 10.5 1 1.65 1.72 2013 2.5% Sales Gross Profit Net Profit Before Tax -10% Key Performance Indicators 2012 6.Billion Rs Growth with Composition of Assets & Liabilities 90 80 70 60 50 40 30 20 10 0 10.82 0.5 3.5 0 Return on Return on Assets Equity Return on Capital Employed 0 Current Ratio Debt Equity Ratio Net Profit Margin Earning Per Share after Tax .03 0.75 1.1% -11.28 2012 3 2013 2.

593 F.00 0.178 274.559.65 0.General.192 0.304 356.31 -21.950 27.361 0 0 333.066 1.059.120.Net profit before tax 8.863 105.355 (95.Debt equity ratio [(C+D) to E] 8.Net profit margin (F7 as % of F1) 15.322 20.333 790.993 0 271.055 336.992 759.42 2.527 1.935 1.394 142.500 26.Current Assets (B1+B2+B3+B4+B5) 1.742 331.878) 0 (695.37 8.45 -39.092 997.26 0. Subscribed & Paid up capital i).571) 12.98 340.260 4.421 551.589 0 0 4.650) 0 (635.Trade Debt as % of sales (B3 as % of F1) 4.891 16.32 2.27 -33.01 6.70 -17.Long term investments 7.817.613 31.691 822.386 1./share) [(F7-F8)/No.405.Ordinary Shares ii).667 146.87 .355 95.329 954 29.396 1.446 0 1.Return on capital employed ( F7 as % of avg.691 1.Operating fixed assets at cost 3.947) 0 (697.09 6.863 0 274.875 1.667 0 (725.Issued.828 94.896 584.495 1.19 0.89 1.815 351.Key Performance Indicators 1.356 1.048 430.36 7.Reserves i).924 204.02 11.065.843 2.99 0.177 18.70 0.705 1.98 -2.32 0.547 1.56 1.632 703.22 0.617 792.Inventories 3.Acid test or quick ratio[(B1+B3+B4) to C] 2.144 1.24 9.37 1.70 -5.085 12. shares) 69.52 3.Retention in business (F7-F8-F9) 4. administrative and other expenses i).39 -27.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.14 0.144 0 1.927 1.349 167.612 435.375 13.495 39.00 0.663 20.55 1.149 38.Long term unsecured loans 3.Export Sales (Net) 2.98 -12.00 89.222 819.496 0 0 (218.Return on assets [F7 as % of avg.263.605.122 1.348.249.Current Liabilities (C1+C2) 1.773 0 0 216. E) 10. shares] 17.155 20.904 138.185 44.263.Cost of material ii).Selling & distribution expenses ii).555 1.192 801.401 73.314) 0 (650.Gross Profit 4.09 0.00 0.Cash flows from operations 198.31 0.032) 146.886 18.Miscellaneous 1.769 792.Cash & bank balance 2.02 5.84 29.538 114.737 0 0 166.009 103.Intangible assets 6.60 3./share) (E/No.66 0.737 42.015.64 3.33 -21.192 815.654 586.Financial expenses as % of sales (F6 as % of F1) 3.04 0.91 85.802 4.947) 608.650 - 728.570.446 0 0 0 (579.462 581.928 0 0 5.89 74.296 0 6.263 18.11 2.411 1.641 0 0 131.05 -0.657 21.249.551 0 0 684.Operating cash flow to debt ratio [F11 to (C+D)] 16.252 12.48 0.647 184.Preference shares 2.(A+B)] 9.Cost of sales i).Depreciation for the year 5.449 10.03 -1.015 154.617 0 (639.405 78.Local sales (Net) ii).076 123.Total value of bonus shares issued 11.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.83 0.Current ratio (B to C) 6.Short term Secured loans 2.134 20.Sales i).00 0.230 19.07 1.49 3.237.865 274.031 391.991 0 0 4.27 0.Capital work in progress 2.122 768.138 728.346) 790. of Ord.882 0 3.617 0 (635.611 1.886 13.691 327.914 198.01 21.194 9.885 - - - 3.523 59.84 96.17 0.712 40.674 45.759 0 0 1.Other current assets C.553 (484.316 1.667 146.55 1.667 0 (695.878) 64.277.Assets turnover ratio [F1 to (A+B)] 5.59 0.Long term secured loans 2.848 95.914 0 156.825) 146.Return of equity (F7 as % of avg.863 1.80 1.049.668.Operating fixed assets after deducting accumulated depreciation 4.472 298.00 9.80 -1.165 0 0 0 79.88 13.650) 644.473 16.405 866.Other current liabilities D.060 26.48 178 - - - - - 6.296 73.Other non-current liabilities E.Cost of goods sold to sales (F2 as % of F1) 7.760 51.16 6.029 (579.92 3.279 0 92.48 0.775 0 0 82.884 128.525 478.24 0.13 1.12 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 395.Dividend cover ratio [(F7-F8) to F9] 12.472 0 0 279.Administrative and other expenses 5.333) 1.00 0.177 15.670) 57.463 30.176 82.068 25.Break-up value shares (Rs. wages and employee benefits 6.18 0.Total fixed liabilities (D1+D3) 3.Capital Reserve ii).820 78.186 1.002 3.Shareholders Equity (E1+E2+E3) 1. G1) 11.02 0.22 76.57 0.353 5.716.250 2.616 792.617 0 (650.Total amount of dividend 10.462 0 91.145 9.92 Items 815.115 209.974 0 (108.Employees benefit obligations 5.56 0.343 802.430 320.680 0 0 327.243.50 -2.Earning per share after tax (Rs.935 958.555 0 1.534 20.908 793.505 794.679 83.138 0 560.Salaries.313 667.617 792.593 531.40 0.554 137.005 0 754.322 573.628.33 0.06 4.22 5.Total capital employed (E+D) 2.112.199 3.645 3.905 1.593 531.Financial Statement Analysis of Non Financial Sector 2013 Abdullah Shah Ghazi Sugar Mills Ltd A.554 0 635.568 850.Contractual Liabilities (G2+C1) H.Short term investments 5.08 10.590 399.93 1.068.047 182.949 792.721 395.376 1.62 1.459 847.834 0 8.907 0 0 36.699) - 1.Other input cost 3.386 752.08 -7.032) 0 138.Revenue Reserve 3.126 549.232.817 722.Inventory Turnover Ratio (F1 to B2) 13.731 2.617 792.571 111.977 722.473 0 31.Other non-current assets B.092 11.251 0 0 5.462 0 435.323 581.00 5.09 78.850 27.655 - - - 531.Operation: 1.450 202.802 51.43 13.612 0 145.Financial expenses of which: (i) Interest expenses 7.Trade Debt 4.921 109.54 0.524 38.Tax expense (current year) 9.41 0.Non-Current Assets (A1+A3+A5+A6+A7) 1.527 802.319 792.616 0 (697.141 856.Debentures/TFCs 4.871 792.345 379.065.76 0.104 0 435.657 934.670) 0 (639.068 509.314) 60.00 8.833. of Ord.554 0 0 0 G.078.619 220.

071.090 293.785 5.958 19.Gross Profit 4.16 2.Debt equity ratio [(C+D) to E] 8.671 121.000 1.Export Sales (Net) 2.324 0 1.636 0 392.693 55.652 (671.008 318.279 1.11 7.Reserves i).876 106.143 211.447 229.00 6.784 37.Contractual Liabilities (G2+C1) H.79 0.835 684.655 882.867 66.411 0 1.165 503.98 2.152 (21.535 669 0 40 1.28 17.99 18.Non-Current Assets (A1+A3+A5+A6+A7) 1. of Ord.Debentures/TFCs 4.30 20.General.295.408.271 43.084 133.Dividend cover ratio [(F7-F8) to F9] 12.154 1.908 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.683 680.384 123.13 9.017.Cost of sales i).23 4.45 1.535 667 0 40 527.693 0 2.854 238.708 34.512 847.Earning per share after tax (Rs.687 288.162 118.06 0.195 35.Other current assets C.780 200.288 239.01 4.231.Current Assets (B1+B2+B3+B4+B5) 1.237 37.363.475 56.182 46.137 81.419 904.161 269.657 1.84 89.821 56.Retention in business (F7-F8-F9) 4.Short term investments 5.Revenue Reserve 3.11 3.434 70.877) 2.495.Sales i).903 - 1.016 831.092 17.819 824.74 Items 1.052 848.Salaries.14 23.00 0.411 1.066 42.634 115.44 3.(A+B)] 9.Current Liabilities (C1+C2) 1.637 57.97 5.969.262 3.085 2.95 0.26 10.637 57.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.143 970.44 -0.864 (392.324 0 1.842 868.284.990 273.95 77.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 800.318.649 1.329 233.Assets turnover ratio [F1 to (A+B)] 5.508 424.409 0 (411.039 427 0 40 2.280 133. shares) 6.Employees benefit obligations 5.808 0 392.18 5.74 1.587 239. administrative and other expenses i).352 280.20 106.632 828.966 0 887.313 55.Net profit margin (F7 as % of F1) 15.67 0.98 1.031 348.102 284.039 57.652 57.96 0.806 0 275.55 3.Long term secured loans 2.Total amount of dividend 10.156.465 690.594 45.12 10.Long term investments 7.549 0 85.171 57.532.322 19.977 837.535.637 57.038 0 228.637 0 272.29 96.726 64.637 0 386.Operating cash flow to debt ratio [F11 to (C+D)] 16.013 55.715 184.952 82.767 46.Operating fixed assets after deducting accumulated depreciation 4.774 14.000 38.637 0 228.398 44.92 253./share) (E/No.637 0 312.Return of equity (F7 as % of avg.05 5.038 267.727 553.037 1.133.502 48.254 54.252 200.223 2.511 2.Break-up value shares (Rs.693 2.81 2.637 0 128.39 31.98 0.Miscellaneous 1.448 1.517 41.034 549.513 218.08 0. G1) 11.Net profit before tax 8.Other input cost 3.168.Inventory Turnover Ratio (F1 to B2) 13.538 0 272.13 10.225 92.35 31.Selling & distribution expenses ii).Short term Secured loans 2.518 34.360 34.408.869 614.232.293 846.08 4.68 1.277 350.61 0.627) 758.791 76.16 14.91 10.06 4.80 3.743 0 126.156.466 5.88 4.26 15.522 0 1.790 - F.940 444.138.376.494 69.Total fixed liabilities (D1+D3) 3.909 74.Other non-current liabilities E.788.046 0 517.940 0 313.085 8.Operating fixed assets at cost 3.428 1.81 3.Total capital employed (E+D) 2. Subscribed & Paid up capital i).Ordinary Shares ii).541 2.303 197.984 40.67 1.131 348.106 1. A.535.657 85.616 1.95 6. wages and employee benefits 6.422 20.41 1.Cost of goods sold to sales (F2 as % of F1) 7.636 57.043 14.Operation: 1.00 0.409 0 63.081 466.520 44.637 57.14 101.990 18.538 255.25 3. of Ord.78 1.162 239.069.357 560.825 197.541 2.764 0 283.915 5.144 0.683 0 1.08 80.08 2.392 261 0 0 G.58 1.808 233.80 91.888 313.34 5.966 1.00 10.46 0.195 35.759.33 5.25 0.409 0 174.352 0 128.055 67.Financial Statement Analysis of Non Financial Sector 2013 Adam Sugar Mills Ltd.043 14.324 0 1.03 3.195 41.Other current liabilities D.440.604 63.347 57.926 1.11 179 2.06 4.355 318.860 24.Cash flows from operations 1.388 46.637 57.59 1.Cash & bank balance 2.467 34.79 1.Return on capital employed ( F7 as % of avg.600 200.680 0 0 85.870 60.315 1.156 103.667 239.06 85.Return on assets [F7 as % of avg.18 10.168 280.232 302.427 57.570 586.982 1.311 2.151.Administrative and other expenses 5.87 13.04 -0.83 0.409 0 (267.042.324 0 0 209.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.366 124.Long term unsecured loans 3.12 118.Cost of material ii).251 0 14.Shareholders Equity (E1+E2+E3) 1.26 6.21 1.968 485.045.Capital work in progress 2.186 0 312.71 1.449 222.35 1.641) 209.27 40.084 138.Total value of bonus shares issued 11.500 1.Trade Debt as % of sales (B3 as % of F1) 4.91 1.008 14.021 1.595 44.537 112.620 57.73 14.920.186 244.318.21 13.553) 310.142 173.Local sales (Net) ii).43 1.701 27.787 103.755 62.288 173.24 3.Intangible assets 6.449.331 44.Financial expenses of which: (i) Interest expenses 7.Depreciation for the year 5.92 86.052 9. shares] 17.864 1.Key Performance Indicators 1.08 8.25 1./share) [(F7-F8)/No.667 32.111) 171.Other non-current assets B.Trade Debt 4.034.70 .Preference shares 2.508 0 0 1.Inventories 3.Capital Reserve ii).164.253.179 14.20 6.266 501.327 1.644 867 0 1.000 239.495.055.178 47.813 1.210.Current ratio (B to C) 6. E) 10.961.Financial expenses as % of sales (F6 as % of F1) 3.277 425.324 0 0 227.440.562 0 100.794 0 1.121 108.43 9.707 34.124.660 800.487 97.Tax expense (current year) 9.657 239.52 9.351 2.886 46.59 21.367 0 63.472 57.772 1.512 39.056 1.843 0 232.541 0 1.91 26.138.996 1.581 1.Issued.06 0.10 88.41 76.

323 189.714 173.51 0.504 813.053 46.262 2.835 120.254 19.Contractual Liabilities (G2+C1) H.109 1.990.24 18. Subscribed & Paid up capital i).831 660.239.073.727.General.950.708 214.623 173.931.24 7.435 481.820 0 392.Intangible assets 6.220.56 79.96 79.50 1.289 1 20.83 0.579 3.876 1.382 433.363.Other non-current assets B.Total value of bonus shares issued 11.017 173.35 0.00 1.Current ratio (B to C) 6.685 4.Acid test or quick ratio[(B1+B3+B4) to C] 2.262 3.Employees benefit obligations 5.163.410.Break-up value shares (Rs.965 125.59 4.627 653.026 36.79 15.623 173.358 28.791 0 0 0 47.275 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.646 1.049 2.500 302.059 295.660 1.141 253.00 Items 2.836.094 340.910 2.155.Tax expense (current year) 9.444 1.Financial expenses as % of sales (F6 as % of F1) 3.037 1.790 173.768.245 287.453 5.173 10.864.134 1.454.590.765.97 3.399 40.70 34.Debentures/TFCs 4.07 5.997 46.025 440.871 0.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 2.06 0.369 294.Key Performance Indicators 1.836 1.54 5.842 1.021.05 2.426 363.760 270.18 6.463 71.083 121.862.Return on assets [F7 as % of avg.56 0.432 516.035 324.165 6.005 330.076 5.896 48.00 3.295 869.830.55 5.Reserves i).291.207.085 0 33.674 1.246.719.86 6.112.356.009 1.58 1.910 3.289 256.280 1.256 1.687 1.11 12.57 0.62 99.829 337.381.922 356.466.979 40.986 3.22 0.10 9.Local sales (Net) ii).959./share) [(F7-F8)/No.84 1.774 116.691 232.623 173.812 0 303.091 0 1.99 13.623 173.78 0.82 0.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.406 874.56 1.027 785.554.962.333 45.037 18.466 5.508 2.944.788. E) 10.353 2.Operation: 1.517 0 1.Salaries.418 2.12 4.941.031 162.085 47.983 69. G1) 11.458 3.791 165.Short term Secured loans 2.337 59.376.126 162.04 3.83 0.735 264.69 17.017.15 5.10 180 .685.417 1. of Ord.289 276.605 145.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.250.167.295 0 1.Net profit margin (F7 as % of F1) 15.626 173.743 487.Inventory Turnover Ratio (F1 to B2) 13.Short term investments 5.791 86.430.Other non-current liabilities E.25 0.45 4.Issued.649.Export Sales (Net) 2.233 16.730.Dividend cover ratio [(F7-F8) to F9] 12.857.394 0 1.623 0 1.788.823.517.941 0 2.Retention in business (F7-F8-F9) 4.903.811 756.761 208.036.941 0 1.629 15.502 31.35 3.951 104.Capital Reserve ii).18 4.Selling & distribution expenses ii).528 1.Gross Profit 4.Cost of material ii).207.126 104.094.565 224.554.998.697.486 125. A.289 2.15 3.Total capital employed (E+D) 2.022 86.Cash flows from operations 2.330 3.33 3.576 4.249.Preference shares 2.806 2.Return of equity (F7 as % of avg.652 613 9.623 0 1.810 2.082.15 2.027 149.031.63 5.986.091 0 2.078.724 145.183 5.Cost of sales i).167 239./share) (E/No.532 611.422 214.055.995 2.93 24.52 5.524 285.975.15 7.428 123.094 0 0 0 51.625 1.94 88.Financial Statement Analysis of Non Financial Sector 2013 Al-Abbas Sugar Mills Ltd.820.888 2.Financial expenses of which: (i) Interest expenses 7.48 5.37 113.614 105.336 30.Sales i).931 1.196 86.18 27.12 2.74 7.898 0 549.059 63.979 990.09 0.Earning per share after tax (Rs.812 0 831.972.922 2.638 125.27 12.75 10.759.640.85 0.220.855.167 - F.003 952.39 17.262 2.188 26.948.460 1.Depreciation for the year 5.536 48.009 36.301 1.68 0.141 260.151 1.665 940.005 1.131 6.042 653.280.727.394 0 - 4.92 86.857 29.07 3.Current Liabilities (C1+C2) 1.003 0 0 2.234.41 1.Long term secured loans 2.623 0 696.734 5.623 0 952.623 0 1.818 0 43.169 688.09 7.89 2.34 1.40 1.613 991.449 0 627.278 0 2.623 0 1.688 1.043 0 G.464 2.000 344.21 64.75 2.256 215.Miscellaneous 1.41 50.Total fixed liabilities (D1+D3) 3.871 1.93 92.504 1.689 6.57 0.561 143.623 173.94 16.120 212.402 1.Other current assets C.Net profit before tax 8.95 84.32 8.647 248.363 179.551 65.195 37.077.864.563.973 1.657 86.043 11.Operating fixed assets at cost 3.064.37 15.860.Long term investments 7.27 8.153 802.930 1.456 93.125.278 0 1.554.Cost of goods sold to sales (F2 as % of F1) 7.115 826.Debt equity ratio [(C+D) to E] 8. of Ord.10 23.102 653.45 6.334.93 5.955.356.465 1.Long term unsecured loans 3.78 2.38 0.596.901 173.998 64.024 12.99 33.884 3.252 2.078.359 19.114 29.066.326 517.232.267 1.346 0 0 74.812 0 531.363 0 0 0 56.780 874.614 1.712 1.Revenue Reserve 3.30 0.Trade Debt as % of sales (B3 as % of F1) 4.Total amount of dividend 10.623 173.471.768 14.503 1.69 27.476.09 2.376. shares) 3.974 301.352.246 311.117 3.Other input cost 3.457 2.993.082.Return on capital employed ( F7 as % of avg.23 71.195 1.194 343.847 0 183.202.752 138.550 597.23 1.120 20.Inventories 3.946 433.035 668.Trade Debt 4.261 271.Other current liabilities D.Shareholders Equity (E1+E2+E3) 1.950.731. administrative and other expenses i).12 1.Current Assets (B1+B2+B3+B4+B5) 1.91 2.569 212.877 48.27 2.508 600.832 208.945 5.974 246.237 5.96 4.439 3.17 0.166.024 1.Cash & bank balance 2.603 1.591 1.13 14.381.018 168.991 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.Ordinary Shares ii).88 2.13 1.457 1.526 2.Assets turnover ratio [F1 to (A+B)] 5. wages and employee benefits 6.00 81.073.929 266. shares] 17.666.449.536 10.Administrative and other expenses 5.564 173.142 1.179 2.Capital work in progress 2.946 349.77 3.603 2.835 2.038.748 93.452 305.555 265.Operating fixed assets after deducting accumulated depreciation 4.469 539.289 202.(A+B)] 9.386 178.338 697.364 119.

870 0 0 250.009 1.085 2.843 0 376.Short term investments 5.32 5.18 3.143.00 0.Other input cost 3.125.009.519.406.19 98.743.18 3.478 4.Cost of material ii).371 0 0 765.860 151.752 14.952 206.422 2.847 398.27 1.703 0 928.447 338.956 1.749 9.467.27 181 .028 (83.599 98.Net profit margin (F7 as % of F1) 15.543 0.97 122.136 3.54 1.264.539 591.121 0 0 283.986 970.940.12 3.479 55.Employees benefit obligations 5.Inventory Turnover Ratio (F1 to B2) 13.142.912 172.56 7.444 1.896.12 0.703.350 2.25 88.595 107.156.368 3.407 2.126 2.748 2.594.03 83.Current ratio (B to C) 6.Retention in business (F7-F8-F9) 4.521 1.36 0.244 339.974 1.930.Break-up value shares (Rs.178.286.10 1.018 718.Dividend cover ratio [(F7-F8) to F9] 12.Return on assets [F7 as % of avg.850.345.635 845.852 47.245.55 2.314 182.275 164.00 1.937 22.453 66.Total capital employed (E+D) 2.835.621 185.852 0 532.889 986.845 619.Net profit before tax 8.51 98.703 185.506) 7.492 2.00 -12.82 Items 3.059.364 407.090.050 63.165 299.327 187.431.366 1.076 185.566 47.41 1.Long term secured loans 2.970 591.425 140. administrative and other expenses i).87 2.03 0.99 2.622 491.994 101.809.Intangible assets 6.Total amount of dividend 10.393 271.899 323.931 237.91 87.54 2.66 -0.573 0 144.23 0.749 35.220 5.Operating fixed assets after deducting accumulated depreciation 4.Debt equity ratio [(C+D) to E] 8.639.325 1.585 5.708.Capital work in progress 2.465 6.994 0 0 27.823.074.445 0 0 0 562.875 63.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 2.12 1.13 1.164 1.Other current liabilities D.242 986.971 598.Depreciation for the year 5.784.61 7.93 1.616.848 708.445 232.94 4. Subscribed & Paid up capital i).00 12.89 0.771 59.517.313 6.53 9.360 312.851.831 307.Tax expense (current year) 9.682 407.49 93.348 0 402.318 185.06 -0.80 0.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.045 3.50 6.13 1.629 1.132 427.840 25.142 957.035.422.263 1.422 116.274 1.848 0 928.54 79.554 224.429 965.249.947 877.243 11.227 421.Debentures/TFCs 4.264.319 562. shares) 7.46 88.335 5.56 13.988 194.615 4.044 6.481 5.59 14.285 9.120 2.803 290.032 712.Short term Secured loans 2.565.792 0 0 0 826.90 2.313.592 192.Return on capital employed ( F7 as % of avg.137 357.28 4.22 17.505 737.(A+B)] 9.250 0 0 0 499.277 92.68 2.933 2.691 2.079 855.760 982.434 1.050 5.402 715.314 37.316 2.703 0 1.516 - 4.Financial expenses of which: (i) Interest expenses 7.767 3.590.987 957.298 244.28 2.73 3.594 391.Current Assets (B1+B2+B3+B4+B5) 1.659 126.988 0 956.458 153.Total fixed liabilities (D1+D3) 3.Current Liabilities (C1+C2) 1.Shareholders Equity (E1+E2+E3) 1.010 5.271.711 0 258.466 5.18 0.Other current assets C.43 0.21 6.792 665.703 0 691.733.Inventories 3.Cost of sales i).Cost of goods sold to sales (F2 as % of F1) 7.21 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.504 0 926.07 5.748 137.008 412.460 1.Long term investments 7.711 0 344.41 -4.80 0.Administrative and other expenses 5.24 1.206 305.03 -6.480.Other non-current assets B.Financial expenses as % of sales (F6 as % of F1) 3.432 2.829 7.Key Performance Indicators 1.655 2.737.389./share) (E/No.267 48.157 4.Gross Profit 4.09 6.Other non-current liabilities E.761 1.129.889 9.511.37 1.787 35.47 1.88 16.Total value of bonus shares issued 11.651.751 948.924 2.10 5.065 3.336 4.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.746 329.100 837.166 (59.102 281.477 2.259.831.198 682.06 2.392 1.506 0 337.99 20.772 8.Return of equity (F7 as % of avg.Ordinary Shares ii).290 55.127 111.504 621.128 210.Sales i).924 380.75 22.83 0.34 0.Preference shares 2.051.621 5.001.Acid test or quick ratio[(B1+B3+B4) to C] 2.02 0.628 44.017 1.582.562 0 143.160 76.582 1.581.738 289.216.751 366.Contractual Liabilities (G2+C1) H.97 1.36 -0.793.154 96.882 289.378 1.485.169 9.92 2.Long term unsecured loans 3.655.046 4.Earning per share after tax (Rs.341 2.565 1.703 185.377 1.77 0.703 0 926.186 678.792 67.20 1.643 357.284 2.63 0.126 2.00 1.10 3.756.052 11.649 2.823.252 404. A.Trade Debt as % of sales (B3 as % of F1) 4.98 88.624 169.053 250.311.49 0. G1) 11.281 0 231. wages and employee benefits 6.845 194.11 9.Operating fixed assets at cost 3.703 185.506 185.472.145.642.492 1.Cash & bank balance 2.373 - F.Local sales (Net) ii).029 3.769 963.69 -3.Financial Statement Analysis of Non Financial Sector 2013 Al-Noor Sugar Mills Ltd.16 -0.289 1.314 237.544 299.409 43.Revenue Reserve 3.703 185.Issued.081 4.37 4.082.366.Cash flows from operations 3.Selling & distribution expenses ii).890 4.130 624.792 0 980.394.012 0 1.Trade Debt 4.141 18./share) [(F7-F8)/No.264.421 3.32 9.Operation: 1.285 (123.Assets turnover ratio [F1 to (A+B)] 5.Miscellaneous 1.392 0 956.037.08 6.283.761 0 265.213.630.450.585 217.640 1.091 9.339 4. of Ord.015 1.945 2.304 86.935 16.340 983 182.297 3.96 0.Salaries.004.875 1.812.417 4.567.224 3.Capital Reserve ii). shares] 17. of Ord.02 6.Operating cash flow to debt ratio [F11 to (C+D)] 16.123 1.221) G.889) 2.Reserves i).431 185.148 16.243.513) 37.General.983.74 82.44 -1.75 -1.268 336.693.703 185.315) 2.463.519.521 1.397 265.274 172.919 1.50 1.147.15 1.07 6.322.250 (129.220.749 (363.166 0 0 0 612.271 363.596. E) 10.040 18.745 3.Export Sales (Net) 2.97 84.20 0.981 3.158 40.10 4.703 0 980.45 0.702 911.250 2.864.837 0 177.039 6.024 74.521.358.75 4.

561 1.111 328.Trade Debt 4.93 1.113.347.Employees benefit obligations 5.112 75.50 -8.270 730.631 0 2.071 244.390 1.320 1.564 506.840) 70.38 203.106 (63.804 93.106 264.682 242.042 4.Selling & distribution expenses ii).442 2./share) [(F7-F8)/No.581.551 (194.463 704.General.Current ratio (B to C) 6.315 3.927.091.271 1.644 (195.12 182 .363 2.29 -6.Revenue Reserve 3.171 0 0 (1.Return on capital employed ( F7 as % of avg.55 7.295 70.711 1.151 458.019.072 244.761 912.172 0 5.033 2.090 54.96 90.926 0 553.253 1.19 5.275 474.50 100.75 5.307 0 406.05 43.343 1.32 -5.347 0 0 (304.40 12.47 5.984) 496.00 -3.57 29.078 55.582) 21.161 40.220 1.631 2.194 5.269.36 -0.50 0.692.679 2.444) 542 0 0 (44.070 300.40 -8.999 218.716 1.587 (202.972 777.Cost of material ii).268 244.58 0.064 1.00 -9.80 -6.10 -6.Total amount of dividend 10.558 0 1.072 0 (428.62 12.968 343.943.022.Other current liabilities D.87 103.974 460.Inventory Turnover Ratio (F1 to B2) 13.208.676 0 1.106 13.662 88.Other non-current assets B.518 163.05 18.550 2.002 45.768 1.866.Financial Statement Analysis of Non Financial Sector 2013 Ansari Sugar Mills Ltd.58 8.491 0 96.753.39 -9.490 264.170) 0 (4.742 579.86 1.358 0 (79.150.354 104.276.399.21 36.676 1.51 1.Current Assets (B1+B2+B3+B4+B5) 1.651 12.952 51.202 0 75.095.882 123.43 0.762 0 400.42 -0.504.07 1.02 21.Debentures/TFCs 4.605) 29.269.907 (72.926 3. Subscribed & Paid up capital i).281 1.391 69.835 342.507.999 483.962 1.Other input cost 3.081 7.973 - 1.915.Preference shares 2.15 0.395.31 -21.Shareholders Equity (E1+E2+E3) 1. G1) 11.50 0.242 1.Dividend cover ratio [(F7-F8) to F9] 12.058) 2.40 Items 1.753) 2.107 753.558. of Ord.642 2.158 0 0 (19.Return of equity (F7 as % of avg.Assets turnover ratio [F1 to (A+B)] 5.82 5.882 0 136.035 0 81.92 91.627.882 531.164) 1.83 -24.847 887.371 464.391) 6.Key Performance Indicators 1.80 -8.Long term secured loans 2.Total value of bonus shares issued 11.652.072 0 (4.Non-Current Assets (A1+A3+A5+A6+A7) 1.852 16.Current Liabilities (C1+C2) 1.127 1.073 1.548 0 272.Capital Reserve ii).Financial expenses of which: (i) Interest expenses 7.02 93.021 162. of Ord.800 1.170) 513.19 18.01 -18. shares] 17.151 142.Operation: 1.833 6.165.137.11 12.57 0.226) 26. administrative and other expenses i).336 101. shares) - - - - - - 15.40 -7.304 158.545.Net profit margin (F7 as % of F1) 15.Long term unsecured loans 3.791 1.071 0 136.865 8.645 2.194 42.38 1.092 174.164) 0 (470.731.366 2.079.Cost of goods sold to sales (F2 as % of F1) 7.281 0 1.416 326.78 18.663 0 330.986 80.460) 403.745 (441.410 285.257 3.265.542 808.352 (181.240 777.Short term Secured loans 2.22 -0.021) - 3.986) 3.Tax expense (current year) 9.Inventories 3.684 366.44 0.480) 2.580.874 26.47 0.Salaries.893.55 0.Capital work in progress 2.457 0 1.88 9.990.049 6.175 1.333 80.Gross Profit 4.172 0 5.021 (441.454.Retention in business (F7-F8-F9) 4.38 0.94 -22.603 (168.452 826.31 30.Intangible assets 6.587 217.184 2.260) 264.306 1.104 574.609 (112.Administrative and other expenses 5.728 99.Cash flows from operations 1.551 162.95 4.072 244.072 244.847 826.585 186.976 39.329.765 341.388 578.463 1.526 1.11 -0.889 348.25 -0.984) 0 (428.Trade Debt as % of sales (B3 as % of F1) 4.Total fixed liabilities (D1+D3) 3.635.584.881 244.849.736 3.016.805.313 155.92 12.769 131.980.635./share) (E/No.Acid test or quick ratio[(B1+B3+B4) to C] 2.172 - - 5.177 1.05 -7.725 0 216.682 297.686 90.079 53.05 -4.236 417.692 2.194 1.072 0 216.951 66.465 3. E) 10.Ordinary Shares ii).362.675 1.126 118.82 2.71 -10.Operating fixed assets after deducting accumulated depreciation 4.97 37.069 1.483) 56.108 311.Depreciation for the year 5.76 -17.38 -0.99 3.982 779.602 80.Earning per share after tax (Rs.053.Issued.945 547 108.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 730.328 747 1. A.626 730 659.373.486 1.583) 1.058.254.88 3.356 0 0 (96.515 71.072 244.812 99.Operating cash flow to debt ratio [F11 to (C+D)] 16.166.Export Sales (Net) 2.73 0.Operating fixed assets at cost 3.784 2.62 -7.150.379 1.382 2.185 779.797 244.06 -32.Sales i).854.688 264.763) 3.Net profit before tax 8.072 244.152 1.67 -82.16 0.Long term investments 7.Debt equity ratio [(C+D) to E] 8.187.49 0.991.172 0 7.093 58.982 2.260 298.776 657.072 0 (247.628.762 92.70 2.11 3.301.736.338.461.869 0 0 G. wages and employee benefits 6.18 4.Cash & bank balance 2.742 (224.250.Financial expenses as % of sales (F6 as % of F1) 3.197.504.307 (2.927.844 0 731.62 -0.282 244.736.19 0.Cost of sales i).824 357.590 185.474 1.565 F.978 824 121.278 2.574.642) 1.13 21.215 2.29 -27.982 67.712 89.120 0 129.522 48.(A+B)] 9.072 0 (470.580.713.278.288 7.Local sales (Net) ii).553 130.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.585 3.28 -360.675 393.Other current assets C.65 0.013 406.802) 1.583.Short term investments 5.764 (4.Contractual Liabilities (G2+C1) H.95 0.758 304.546 2.949) 244.229) 103.198 71.269.266.682.937 3.15 99.792 2.61 36.48 0.651 56.Miscellaneous 1.60 1.395 244.039 1.Break-up value shares (Rs.Reserves i).Other non-current liabilities E.38 -4.Total capital employed (E+D) 2.725 0 2.291.Return on assets [F7 as % of avg.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.08 15.44 0.082 1.424 0.085 98.457 1.294 0 174.012.

237 146.25 Items 1.69 0.95 -15.Return on capital employed ( F7 as % of avg.260 0 164.Operating cash flow to debt ratio [F11 to (C+D)] 16.Total fixed liabilities (D1+D3) 3.Other input cost 3.896 1.146 - F. E) 10. wages and employee benefits 6.740 0 0 413.973 113.097 87.226 61.515 0 110.Preference shares 2.864 26.Other non-current assets B.289 - 579.827 683.381.365.272 94.327.586 733.52 138.74 0./share) (E/No.680 29. of Ord.Intangible assets 6.752 0 0 108.78 11.315 238.111 384.Debt equity ratio [(C+D) to E] 8.02 183 .Issued.776 0 1. Subscribed & Paid up capital i).48 69.171) 57.299 1.32 104.014 997.800 1.000 (203.838 0 525.029 39.556 52.855 0 0 21.646 94.601 (196.22 -6.63 0.481 31.46 0.142.955 0 150.510 0 853.104.Inventories 3.Selling & distribution expenses ii).162 1.56 0.05 -21.22 -39.57 0.040.433 (222.Earning per share after tax (Rs.855 21.320 111.Short term investments 5.258 0 0 (109.Tax expense (current year) 9.571) 163.81 89.33 -22.961 (129.527 63.967 63.187) 496. administrative and other expenses i).Return of equity (F7 as % of avg.00 0.Net profit before tax 8.Revenue Reserve 3.400 62.098 9.138 63.Sales i).43 95.665 0 0 588 591.02 0.917 49.638 (26.125 (26.Retention in business (F7-F8-F9) 4.510 657.132 (312.Ordinary Shares ii).681.076) 58.031 950.632 1.010 53.456 56.126.829 174.48 0.Cash & bank balance 2.337 1.925 4.05 -14.Long term secured loans 2.597) 6.084 1.896) 50.369 1.053 35.668 4.204 (135.089 210.500 94.096 234.32 -10.918) 11.Capital work in progress 2.77 50.Financial expenses as % of sales (F6 as % of F1) 3.452 1.632 1.000 0 224 323.54 97.810 50.Long term unsecured loans 3.155.Cost of goods sold to sales (F2 as % of F1) 7.869 1.04 38.326 0 606.Operating fixed assets at cost 3.19 -0.048 50.917.87 -16.36 0.028.60 8.756 496.308.006 869.931.823) 1.668.967 45.501) 8.011 0 0 25.00 0.908 44.12 0.Employees benefit obligations 5.78 42.Reserves i).Local sales (Net) ii).08 -14.338 1.05 4.000 0 565 303.020) 0 (817.589.388.944 1.65 1.397 0 1.02 6.793 957.939 657.Current Liabilities (C1+C2) 1.93 0.400 0 0 191.644 174.20 0.589.32 0.171) 0 0 0 G.817 (191./share) [(F7-F8)/No.917.500 0 (1.789 4.905 7.952.349.98 0.985 119.12 5.73 -2.021.395 197.55 -2.93 2.558.Long term investments 7.869 55.132 612.265.276 45.994 67.796 1.Dividend cover ratio [(F7-F8) to F9] 12.237 502.079 605.872.Assets turnover ratio [F1 to (A+B)] 5.185 191 0 99.441 903.326 579.154 876.142.375 1.982 1.020 167.254 20.674 308.460 35.611 344.132.031 0 848.Current Assets (B1+B2+B3+B4+B5) 1.05 -12.811 921.756 (305.441 1.500 94.Other current assets C.Trade Debt 4.047.332 48.500 94.629 2.03 0.399.636 0 210.895 41.697 1.74 0.927 45.Operation: 1.500 0 378.596 366.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.32 -54.632) 206.16 12.11 -5.26 29.05 1. A.67 0.82 22.584.064) 950.205 2.679 34.911 38.947 1.(A+B)] 9.724 0 2.500 0 (1.Miscellaneous 1.57 -7.40 -33.Capital Reserve ii).000 55.036 86.500 94.517) 1.546.Short term Secured loans 2.43 -2.Cost of sales i).Salaries.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.Other non-current liabilities E.634 72.313 0 (234.413 6.070 56.786.34 -30.70 5.050 1.927 659.138 2.218 235.Administrative and other expenses 5.500 0 (322.791 1.251.025) 80.835 94.79 0.767) 11.Current ratio (B to C) 6.138 113.262 51.955.517) 0 (1.636 472.241) 334.222 (144.020) 1.973 0 0 (444.06 8.Total amount of dividend 10.362 72.Gross Profit 4.96 -41.221 1.525 663 0 119.98 -6.13 25.903 1. G1) 11.548.269 0 0 168.500 0 (616.349 94.Return on assets [F7 as % of avg.621 143.898.Export Sales (Net) 2.Other current liabilities D.01 8.69 0.036 38.285 346.77 0.493 1.08 5.114 0 155.27 0.904 (710.298 291.Debentures/TFCs 4.697 13.508) 1.475 94.77 4.395 74.222 519.859) 0 0 595.614 403.798 1.245 2.868.Total value of bonus shares issued 11.05 17.Acid test or quick ratio[(B1+B3+B4) to C] 2.26 95.222 500.021 58.964 0 0 588 753.Cash flows from operations 1.Net profit margin (F7 as % of F1) 15.28 3.742) 101.086 1.075.34 -12.Shareholders Equity (E1+E2+E3) 1.136 49.343 167.00 -2.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.18 -15.839.117) 0 (616.86 0.397 1.19 -20.61 129.727 94.616 167.Total capital employed (E+D) 2.500 94.298 30.Break-up value shares (Rs.500 0 (817.994 3.824.089 0 0 195.026.169 0.586 7.823) 0 (1.44 -25.Key Performance Indicators 1.Depreciation for the year 5.72 -33.282 0 (26.229. shares) - - - - - - 200.86 0.869 1.Financial Statement Analysis of Non Financial Sector 2013 Baba Farid Sugar Mills Ltd.733 748.162 421.315 848.27 1.47 -9.605 2.Trade Debt as % of sales (B3 as % of F1) 4.006 548.421 1.Contractual Liabilities (G2+C1) H.64 2.132.734 52.48 -0.Cost of material ii).601 59.117) 571.547) 3.941 45. of Ord.63 -146.266 2.21 0.006 237.81 67.220 120.575 279.Financial expenses of which: (i) Interest expenses 7.Non-Current Assets (A1+A3+A5+A6+A7) 1.295 970.095 57.621 (132.42 -4.07 -24.General.252.157 215.Operating fixed assets after deducting accumulated depreciation 4.500 94.000 675.308. shares] 17.040.527.Inventory Turnover Ratio (F1 to B2) 13.69 -11.20 -46.101 261.085 0 0 44.698 0 0 588 1.000 0 0 301.

172) 8.684 5.060 45.36 1.815 437.485.122 2.254 5.393 896.815 (12.334 498.Total fixed liabilities (D1+D3) 3.595.652 0 136.245.305 1.Tax expense (current year) 9.414 277.767 165.645.87 87.89 1.014 75.75 11.Retention in business (F7-F8-F9) 4.124 1.318./share) (E/No.179 65.347.84 12.291 38.517 0 806.00 .209.031 (239.Short term investments 5.571 2.118.986.438.771 286.25 0.388 146.Current Assets (B1+B2+B3+B4+B5) 1.45 -5.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 2.687 0 0 457.Current ratio (B to C) 6.144 0 0 88.154 111.793 0 0 6.663 681.138 286.Other non-current assets B.03 11.495 1.81 -0. wages and employee benefits 6.500 0 0 6.976 446.844 28.90 9.34 0.608 227.582.426 1.Operation: 1.157 954.812 336.14 0.Selling & distribution expenses ii).474 0 257.Capital Reserve ii).Inventory Turnover Ratio (F1 to B2) 13.009 1.02 -0.463 731.301 124.339.968.530 51.664.147 56.899 286.920 0 291.99 5.96 88.Long term secured loans 2.467 2.Shareholders Equity (E1+E2+E3) 1.504 2.458 953.512.173.153.477 251.Total amount of dividend 10.301 6.657 200 0 33.443 1.920 0 257.28 -4.(A+B)] 9.411 2.083 231. Subscribed & Paid up capital i).040 291.Acid test or quick ratio[(B1+B3+B4) to C] 2.Contractual Liabilities (G2+C1) H.007 0 239.66 1.34 0.573 347.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.277.Preference shares 2.48 Items 3.General.68 43.879 2.067) 30.077 134.50 1.029 68.761 (57.164 0 0 0 230.127 286.463 3.Capital work in progress 2.85 0.623 2.29 38.576 227.00 -2.112 2.940 920. administrative and other expenses i).403 4.405.416) 3.043 465.354.50 15.813 3.738 5.Ordinary Shares ii).848.049 2.588 3.92 92.897 236.491 58.474 1.728 69.186.191.024.18 -4.250.422.111 176.912.Short term Secured loans 2.266.882 439.313.06 1.Revenue Reserve 3.799 63.03 -1.629 15.797.106.Long term investments 7.848.Long term unsecured loans 3.25 2.79 2.969.Intangible assets 6.673.920 286.16 -9.Net profit before tax 8.333 1.127 1.401 2.293.721 434.325 287.732 179.692 2.639 45.306 765.036 977.702.Return on capital employed ( F7 as % of avg.16 2.566 3.11 7.16 -15.59 0.000 0 0 913.993.397 5.920 286.60 22./share) [(F7-F8)/No.Net profit margin (F7 as % of F1) 15.321 1.639 233.668 319.363 2.71 5.26 3.173 2.534 26.390 333.437 79.734 442.98 184 - - 4.Local sales (Net) ii).700 6.Cost of material ii).90 3.345.550 1.989 2.225.123.Operating fixed assets at cost 3.671 75.891 5.854 6.Cost of goods sold to sales (F2 as % of F1) 7.671 338.Miscellaneous 1.40 48. A.731 6.431 765.698) 2.579 2.110.Reserves i).Key Performance Indicators 1.512 553.063 19.223 261.920 0 136.66 0.177 500.700 0 5.467 4.003 275.622 (140.147 0 138.015.673 100 0 166.249 2.669 5.Operating cash flow to debt ratio [F11 to (C+D)] 16.920 286.Administrative and other expenses 5.629 2.333 0 928.652 530.107 438.74 0.059.673 0 3.425 636.564 2.368 54.90 33.477 1.251 110.17 5.664 28.37 2.97 -6.505 - 3.208) 578.Financial expenses of which: (i) Interest expenses 7.05 1.36 4.13 6.277 14.522 419.671.644.955 3.Cash & bank balance 2.707 502.971 701.17 0.85 0.532 848.85 2.72 90. of Ord.43 88.362.026 245.093.289.325 1.640 253 0 22.96 0.133 900 0 22.361 5.50 3.582.002 76.483 424.Operating fixed assets after deducting accumulated depreciation 4.130.Debt equity ratio [(C+D) to E] 8.71 -8.725 443.882.218 3.Return on assets [F7 as % of avg.243.416 1.059.788.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.518 72.411 286.660 202.233 124. shares) - - 1.968.12 10.544.938 2.43 3. E) 10.72 1.121 4.Dividend cover ratio [(F7-F8) to F9] 12.79 0.524.450.158 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.451.823 20.72 57.795.522 2.141 297.50 -15.688 0 0 697.991 928.046.43 -9.014.Cash flows from operations 2.915 346.459 1.894 3.797 256.Gross Profit 4.12 0.357.658 79.882.744 0 (65.Total value of bonus shares issued 11.056 1.692 0 (1.103.597.187 1.929 2.943 1. G1) 11.Trade Debt 4.Sales i).033.814 4.920 286.313 0 291.Debentures/TFCs 4.Other current liabilities D.920 0 138.504 879.044 87.070) 5.912 0 0 1.335 358.976 553.077 751.720.038 2.920 0 (220.65 1.66 0.47 -2.707 77.72 2.659 848.99 1.472 1.31 3.68 -3.Break-up value shares (Rs.755) 2.147 972.Trade Debt as % of sales (B3 as % of F1) 4.753 696.686 (160.164 255.622 2.692 0 1.Export Sales (Net) 2.Other current assets C.920 286.719.876 46.920 286.Depreciation for the year 5.673 1.Cost of sales i).521 787 1.Issued.112.47 0.362.60 4.Financial expenses as % of sales (F6 as % of F1) 3.270.Inventories 3.727.882 (269.21 4.430 2.620.165 89.956 300.55 0.Return of equity (F7 as % of avg.48 -3.237 13.498 3.920 0 831.229.690.Other non-current liabilities E. shares] 17.738 0 5.229.Total capital employed (E+D) 2.17 -3.340 4.730 644.858.066.786) 19.292.14 0.157 373.09 0.73 87.491 - F.313 1.619) 1.830 161.464 286.Financial Statement Analysis of Non Financial Sector 2013 Chashma Sugar Mills Ltd.32 5.980.471.519.858 0.Assets turnover ratio [F1 to (A+B)] 5.275 961.373 0 285.208) 0 (220.Salaries.839 920.587.002.89 97.04 0.00 0.768 257.97 2.425.239 6.673 3.05 11.629 2.462.020 219.069 2.67 9.686 0 0 0 255.558 27.059 2.00 0.89 0.154 363.Earning per share after tax (Rs. of Ord.125 2.589 15.466 491.Employees benefit obligations 5.Current Liabilities (C1+C2) 1.63 0.171.90 24.447 0 0 G.318 1.145.68 0.397.002.73 6.Other input cost 3.586 119.

14 0.Local sales (Net) ii).415 1.92 1.951 167.Inventories 3.11 1.165.Capital Reserve ii).200 0 469.Employees benefit obligations 5.Contractual Liabilities (G2+C1) H.293 617.587 778.Return on assets [F7 as % of avg.19 3.696.Cost of sales i).63 1.65 3.Long term secured loans 2.00 1.917 37.613 111.240 109.946.000 0 32.799 3.274 134.Selling & distribution expenses ii).098.952 3.353 526.161 3.699 60.68 86.479 4.000 0 22.Intangible assets 6.743 0 3.425.744 577.700 420. Subscribed & Paid up capital i).463 134.559 41.795.928 5.684.Non-Current Assets (A1+A3+A5+A6+A7) 1.00 0.571 1.312 0 0 1.550 249.295.559 266.146.941 3.Dividend cover ratio [(F7-F8) to F9] 12.549) 5.Financial expenses as % of sales (F6 as % of F1) 3.891 3.880 0 1.200 990.Operating fixed assets at cost 3.46 1.684.256 3.196 1.320 3.Operating fixed assets after deducting accumulated depreciation 4.77 0.485.773 1.054 562.575 23.40 0.General.482 2.613 150.200 990.064.Retention in business (F7-F8-F9) 4.575 353.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.804 1.515.524.(A+B)] 9.01 12.Preference shares 2.40 4.34 13.846 1.375.022.359 120.959 896.690 990.Sales i).000 1.981 0 350.Issued.45 1.42 5.13 17.200 0 350.61 7.211.136 11.Cash & bank balance 2.Current Assets (B1+B2+B3+B4+B5) 1.Reserves i).971.Financial expenses of which: (i) Interest expenses 7.773 37.75 72.905 113.097.Short term Secured loans 2.570.Return of equity (F7 as % of avg.93 3.051.77 9.08 1.767 221.611 0 - 4.010 1.200 0 694.822.071 1.06 4.925 161.925 1.24 2.294 2.243 1.341.838 579.Total value of bonus shares issued 11.50 1.Debt equity ratio [(C+D) to E] 8.066 3.Current Liabilities (C1+C2) 1.09 8.Shareholders Equity (E1+E2+E3) 1.914 - F.850 3.Export Sales (Net) 2.52 - - - - - 3. administrative and other expenses i).Return on capital employed ( F7 as % of avg.25 2.Other current liabilities D.638 154.214 25.983.598 5.850 25.Tax expense (current year) 9.638.659.232 990.64 87.786.851.510.000 136.749.Cost of goods sold to sales (F2 as % of F1) 7.915 859.490 0 694.153.728 0 0 794.940.414 1.447 5.743 0 534.367.23 2./share) (E/No.Miscellaneous 1.01 14.461 2.00 0.943 990.Financial Statement Analysis of Non Financial Sector 2013 Colony Sugar Mills Ltd.855 36. G1) 11.65 91.026 652.330.63 8.475 1.898 164.088 118.200 0 534.Net profit margin (F7 as % of F1) 15.66 3.480 1.Capital work in progress 2.34 2.485.290 207.357.491.800 411.436.14 7.960 404.77 1.592 0 0 0 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 - 3./share) [(F7-F8)/No.009.36 12.181 990.848 15.301.602 683.835 0 0 8.490 0 0 0 0 1.Other input cost 3.198 1.249 159.Operating cash flow to debt ratio [F11 to (C+D)] 16.976 8.762.528 65.Net profit before tax 8.74 1.02 1.095 1.04 14.380.056 180.Trade Debt as % of sales (B3 as % of F1) 4.148.515.200 0 956.08 0.111.431 638.172 29.00 0. E) 10.467.200 990.66 .404 2.878 1.115.200 990.Depreciation for the year 5.547 0 332.021.Key Performance Indicators 1.129 126.Other non-current assets B.860.122.986 0 0 0 1.344.446.787 22.200 990.489 143.409 408.556 231. shares) 185 0.Administrative and other expenses 5.298 - 0.Total amount of dividend 10.Other non-current liabilities E.483 435.84 1.060 5.90 5.533 5.510 132.Short term investments 5.11 2.362 330.097.528 1.37 3.139 5.372 4.Ordinary Shares ii).148 579.14 0.35 2. Items A.773 248.483.069.948 2.00 3.Acid test or quick ratio[(B1+B3+B4) to C] 2.297 3.66 15.263 2.46 7.54 5.528 0 0 12.76 9.425 0 0 216.Debentures/TFCs 4.247 0 383.100.Operation: 1.31 4.923.970.617.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.535 0 1.254 720.300 572.089 2. of Ord.120.232 139.583 253.032 0 469.852 406.45 8.927 367.002 - 2.Break-up value shares (Rs.851.720 1.935.818 1.748 98.050.279 7.128.678 653.362 0 0 2.32 2.086.341 2. shares] 17.347 1.167 248.391.053.148 0 0 254.065 4.981 324.66 89.943 5.032 0 3.349 1.789 177.542.160 147.Cost of material ii).94 2.156.Current ratio (B to C) 6.Other current assets C.Gross Profit 4.811 990.Trade Debt 4.Assets turnover ratio [F1 to (A+B)] 5.06 1.348 1.898 0 4.095.96 19.925 0 4.524 6.542 0 0 401.08 6.030 3.583 194.Total fixed liabilities (D1+D3) 3.312 54.528 2.Salaries.713 10.161.Earning per share after tax (Rs.088 153.828 0 0 0 1. wages and employee benefits 6.369 3.30 2.346 0 0 1.78 0.44 4.981 0 3. of Ord.735 4.301.225.234.31 26.712 661.83 0.236 4.39 0.455.370 176.Cash flows from operations G.281 752.051 320.19 0.Long term unsecured loans 3.542.343.130 2.515.226.835 103.Inventory Turnover Ratio (F1 to B2) 13.423 2.871.118 216.611 0 956.024 2.471 1.380.211.703 1.00 0.61 0.21 0.296 30.700 365.Revenue Reserve 3.243 0 0 0 1.Total capital employed (E+D) 2.363 2.82 0.45 0.480 88.91 2.397.732 0 405.253 1.576 827.Long term investments 7.715 1.640.77 12.446 2.74 6.662 1.969 16.459.949 0 0 (4.084 830.

120 0 (461.816 1.Capital Reserve ii)./share) (E/No.768 641.Break-up value shares (Rs.00 -21.300 0 0 G.944) 3.490 258.503 258.993 49.464 2.65 1.Cash flows from operations 6.928 1.81 -7.31 4.383 232.099 (100.811 22.204 3.106 3.38 0.218 244.967.025 5.66 -1.955 54.503 4.42 -2.288 2.42 -1.344 0 31.616 114.689 1.155 1.Short term Secured loans 2.062.464) 32.408 (517.30 96.000 0 0 (23.08 6.698) 33.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.686) 4.75 -3.76 0.32 0.Current Assets (B1+B2+B3+B4+B5) 1.61 7.Short term investments 5.936.10 -52.Intangible assets 6.124 33.Reserves i).770 299.Earning per share after tax (Rs.815 365.014 2.072 2.359.Export Sales (Net) 2.291 3.Other input cost 3.309 0.302 62.Trade Debt 4.120 0 (635.366 3.343.670 (120.333.423 4.986 3.298 2.60 0.102 3.514 19.392 1.Current Liabilities (C1+C2) 1.587.466 41.Net profit margin (F7 as % of F1) 15.71 27.600 0 0 304.909.774 2.636) 3.641.563 13.32 -8.006 0 0 0 2.51 19.13 11.417.74 7.364 938.962.09 1.121 1.120 0 633.635.623 717.605 0 0 115.370 3.Selling & distribution expenses ii).18 13.394 159.Miscellaneous 1.379 166.525 159.891 3.Operating fixed assets at cost 3.485 0 0 0 2. wages and employee benefits 6.Operation: 1.081.Other current assets C.14 0.701 356.735 362.822 2.599 66.336.81 0.408 0 0 33.747.21 1.909 3.807 365.978 3.953 1.752.Cost of goods sold to sales (F2 as % of F1) 7.089.830 187.445.497 37.346 115.277 828.576 97.636) 35.393 338.152.695.89 0.474 210.627.832 155.056 52.324.350.Return on assets [F7 as % of avg.392 508.050 2.00 22.Cash & bank balance 2.70 -13.532 0 (773.525 627.935 11.672 0 0 4.183) 786.213.31 -45.112.47 5.120 0 (611.404 1.599 17.76 12.665 4.Other current liabilities D.516 1.120 0 (643.35 186 .82 0.328.558 238.567 33.985 3.845 (482.606 3.657.305.51 95.094) 3.424) 963.754.Gross Profit 4.Long term secured loans 2.45 97.53 99.191 667.Cost of sales i).Trade Debt as % of sales (B3 as % of F1) 4.947.12 0.140.921.998) 3.Other non-current assets B.577 843.880 0 5.764) 3.Preference shares 2.730.189 930.64 0.183) 44.Ordinary Shares ii).84 0.Sales i).26 -14.206.658 2.203 1.882 1.Contractual Liabilities (G2+C1) H.859 5. of Ord.Cost of material ii).155.716 1.31 0.709 252.439.370 586.Assets turnover ratio [F1 to (A+B)] 5.071 101.06 -0.434 1.177 199.897 133.94 4.94 -10.876.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.972.949.206 (740.328.Employees benefit obligations 5.404 1.Revenue Reserve 3.479 2.846 119.804.Current ratio (B to C) 6.67 0. administrative and other expenses i).26 -14.Financial expenses as % of sales (F6 as % of F1) 3.424) 0 (611.29 -52.57 2.907 211.426 3.247.30 -1.586.835 3.531 1.Financial Statement Analysis of Non Financial Sector 2013 Dewan Sugar Mills Ltd.95 0.586 357./share) [(F7-F8)/No.886 3.418 28.087 1.Debt equity ratio [(C+D) to E] 8.575) 711.60 -19.103 54.49 3.794 3.Capital work in progress 2.164.419.171 1.32 0.07 -20.78 0.21 6. of Ord.02 12.Total capital employed (E+D) 2.033.68 0.Key Performance Indicators 1.78 0.Depreciation for the year 5.341 3.557.596) 0 (439.Inventory Turnover Ratio (F1 to B2) 13.483.979 171.08 36.Salaries.575) 0 (635.42 0.54 0.18 -2.Tax expense (current year) 9.651 (474.364 3.Operating cash flow to debt ratio [F11 to (C+D)] 16.66 0.120 365.651.00 -14.916 - 2.905 (164. A.960 3.439.77 4.120 365.Local sales (Net) ii).120 0 (439.428.059.554 308.Non-Current Assets (A1+A3+A5+A6+A7) 1.563) 908.833 33.075.966.Operating fixed assets after deducting accumulated depreciation 4.04 -31.410 204.558.24 39.235 3.236.416 3.559. shares] 17.693.651 196.505 418.255 45. shares) - - - - - - 7.613 748.23 3.14 1.496 1.Long term investments 7.585. Subscribed & Paid up capital i).01 -2.75 1.Total fixed liabilities (D1+D3) 3.12 23.677 0 0 (1.171 443.498 297.695 595.891 65.380 40.704 1.200.796.106 42.17 2.047 4.033 198.20 27.158.439 (68.064 898.74 1.041 0 299.Debentures/TFCs 4.120 365.112.851 3.072.584.32 5.Shareholders Equity (E1+E2+E3) 1.345 6.754.783) 3.491 365.Return on capital employed ( F7 as % of avg.483.740 5.021 1.120 365.013 6.16 2.905 443.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 3.Financial expenses of which: (i) Interest expenses 7.246.781.64 104.350.244 21.246 101.Administrative and other expenses 5.381 2.094 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.411.612 365.612.563) 0 (461.300 0 0 76.410.739 440.06 -4.55 -55.95 9.105 220.969.865 (2.264 3.395 0 0 30 1.870 2.98 0.30 -15.114 811.467.865 1.492.591 (471.886 4.155.85 -0.00 -13.478 220.161.26 -0.371 - F.03 Items 5.876 58.865 0 0 40.13 0.57 99.903 4.221 35.934.710.803 4.489 1.536 0 0 0 2.880 285.845 16.970.Net profit before tax 8.490 0 6.870 294.769 2.General.428.Issued.468 461.351 586.842 3.193 105.500 4.553 33.532 665.531) 4.37 0.068.109.344 0 18.565.850 10.467.27 10.162 4.206.969 65. E) 10.648.877 49.411.183) 0 (643.65 -11.434 2.Retention in business (F7-F8-F9) 4.243 3.599 2.852.915 365.894 35.Inventories 3.153 148. G1) 11.Dividend cover ratio [(F7-F8) to F9] 12.980 365.405.Long term unsecured loans 3.(A+B)] 9.Other non-current liabilities E.041 998.812 99.850 (169.086 159.156 109.297.000 0 0 316.Return of equity (F7 as % of avg.504 0 6.02 0.596) 1.171) 260.861 1.245 815.120 365.255.099 203.Total amount of dividend 10.786 56.886 356.890 4.770) 3.906.814.120 365.Total value of bonus shares issued 11.343.

449 949.862 11.44 1.50 6.161 238.420 991.589 1.889 0 74.166.142 18.979 50.58 5.830 518.898 54.207.58 32.Operating fixed assets after deducting accumulated depreciation 4.121 35.Preference shares 2.Depreciation for the year 5.577 253.221 275.717 54.03 3.510 216.325.430 0 994.541.154 181.507 2.161 0 922.016 119.37 0.215 2.519 0 776.08 10.06 2. wages and employee benefits 6. of Ord.694 828.735 1.85 0.690 0 214.264 190.078 700.889.208 121.515 307.420 1.841 1.997 0.49 48.Long term unsecured loans 3.928 0 3.75 28.500 219.965.475 0 59.830 0 0 0 0 386.82 0.99 91.679 1.855.830 904.686 186.25 9.110 107.160.167 0 232.657 67.844.719 6.881 710.51 20.156 90.Return on assets [F7 as % of avg.799 976.359 473.036 3.316 0 0 0 0 381.26 1.121.036.08 13.740 213.Net profit before tax 8.803.63 50.532 37.169 700.24 16.62 4.Tax expense (current year) 9.126 4.88 91.041.316 447.074 1.07 4.Salaries.Earning per share after tax (Rs.84 4.Debentures/TFCs 4. of Ord.417 8.06 12.163 60.Other current liabilities D.68 1.881 31.Administrative and other expenses 5.43 8.694 1.510 0 230.756 985.273 368.394 988.004 1.596 2.71 0.82 0.218.Local sales (Net) ii).510 216.510 0 484.060 1.302 41.255 34.651 (35.02 3.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.513 515.949 51.437.General.146 3.449 0 0 0 0 485.175 50.42 7.104 87.128 0 517.837 290.457 191.512 48.317 43.502 7.Acid test or quick ratio[(B1+B3+B4) to C] 2.235 23.746.413.Long term secured loans 2.25 6.206 63. shares] 17.56 13.510 0 145.942 369.869 - F.363 89.686 171.012 216.118 88.855.25 3.546.497 1.24 23.Contractual Liabilities (G2+C1) H.355.91 1.507 116.578 238.268 1.143 19.93 0. G1) 11.475 2.174 485.17 8.Capital work in progress 2.42 5.121.91 1.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 515.73 Items 1.Trade Debt as % of sales (B3 as % of F1) 4.094 77.483 81.133 51.Total fixed liabilities (D1+D3) 3.08 1.Ordinary Shares ii).887 0 347.14 2.57 0.099 0 380.997 685.Cost of sales i).517 534.Selling & distribution expenses ii).279 421.292 0 1.Intangible assets 6.536 34.Miscellaneous 1.Gross Profit 4.627 3.323 552.707 142.518 69.60 18.Current ratio (B to C) 6.181 313.29 29.582) 4.Employees benefit obligations 5.118 98.353 0 298.933 2.Operating fixed assets at cost 3. Subscribed & Paid up capital i).535 0 1.470 41.004 375.Cash & bank balance 2.985 1.22 1.552 0 173.703 412.166 0 21.023 0 91. shares) 3.39 9.247 1.Other input cost 3.432.920 1.644 0 19.109 352.060 0 1.Issued.131 0 299.Operating cash flow to debt ratio [F11 to (C+D)] 16.Export Sales (Net) 2.050 310.000 0 0 G.36 0.18 11.075 0 3.16 8.Current Liabilities (C1+C2) 1.678 4.Cost of material ii).071 61.Financial expenses as % of sales (F6 as % of F1) 3.787.374 86.036.335 16.22 44.27 2.168 818.498 0 2.27 1.787 157.867 386. administrative and other expenses i).715 559.510 0 732.05 0.743 0 1.Inventories 3.510 216.94 0.04 89.Dividend cover ratio [(F7-F8) to F9] 12.750 3.285 4.867 0 850.15 2.791 47.651 21.474.159 216.542 144.369 3.720 219.833.51 12.50 4.69 19.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.17 92.735 1.079 129.998 3.10 10.05 43.830 480.411 0 1.94 19.809.841.046.992 482.511 730.211 0 170.Non-Current Assets (A1+A3+A5+A6+A7) 1.434.998 850.078 0 0 0 0 421.409.05 7.Assets turnover ratio [F1 to (A+B)] 5.130 223.484 382.849 78.Inventory Turnover Ratio (F1 to B2) 13.451 384.973 5.476 0 293.790 3.782 99.58 1.04 2.928 3.222 1.510 216.Return on capital employed ( F7 as % of avg.14 0.Financial Statement Analysis of Non Financial Sector 2013 Faran Sugar Mills Ltd.15 93.766 48.043.78 4.292 914.00 4.014 191.Revenue Reserve 3.000 1.Short term Secured loans 2.425 1.379 216.842 0 59.Debt equity ratio [(C+D) to E] 8.Capital Reserve ii).99 6.498 2.438 216.93 30.36 1.27 1. E) 10.510 216.128.612 216.801 9.013 299.732 82.691.14 1.24 2.892 67.(A+B)] 9.Current Assets (B1+B2+B3+B4+B5) 1.877 33.14 1.44 4.Long term investments 7.032 243.010 479.12 0.30 3.Other current assets C. A.Cost of goods sold to sales (F2 as % of F1) 7.200 1.554.916 1.Total value of bonus shares issued 11.701 28.109 0 240.296 69.037 363.842 67.41 32.19 2.732 16.400 59.442.989.589 0 0 0 0 384.46 35.144 614.649 7./share) [(F7-F8)/No.772 1.132 0 508.102 10.00 -0.691.644 362.332 157.306 0 179./share) (E/No.000 684.02 17.Trade Debt 4.47 26.649 87.65 0.517 724.149 979.812 52.Other non-current assets B.64 28.157.451.06 3.Retention in business (F7-F8-F9) 4.120 104.Sales i).448 299.Reserves i).908 113.648 122.837 82.686 3.Short term investments 5.69 1.Total amount of dividend 10.30 3.96 2.326 1.Cash flows from operations 1.65 0.668 66.88 17.263.967 293.075 3.100.567 284.Operation: 1.510 0 301.74 187 .45 3.Shareholders Equity (E1+E2+E3) 1.545.Return of equity (F7 as % of avg.928 8.174 307.989.360 3.Total capital employed (E+D) 2.Key Performance Indicators 1.588 249.89 2.296 21.Break-up value shares (Rs.371.826 12.00 92.648 0 222.Financial expenses of which: (i) Interest expenses 7.09 2.Net profit margin (F7 as % of F1) 15.670 381.125 0 - 2.380 17.323 1.409.Other non-current liabilities E.128 0 146.

929 365.028 21.769 320.864 87.443 2.949 9.665 733.Cash & bank balance 2.816 120.243 558.048 614.Revenue Reserve 3.465 292.963 0 71. wages and employee benefits 6.445 0 0 0 0 42.(A+B)] 9.281 40.722 903.99 70.14 2.Reserves i).20 0.916 200.93 3.198 10.602 1.449 0 0 3.000 77.Other current liabilities D.76 33.Debentures/TFCs 4.000 0 597.343 321.30 585.257 856.606 943.433 89.69 0.Total value of bonus shares issued 11.23 0.281 0 70.601 83.88 1.000 0 436.266.647 158.194 469.436 42.000 426.436 280.209 80.200 200.466 28.ADM Ltd.Current ratio (B to C) 6.975 192.76 Items 721.943 92.33 23.493 91.Current Assets (B1+B2+B3+B4+B5) 1.310 4.Cost of sales i).26 5.000 200.Short term investments 5.000 0 106.82 1.190 82.208 797.009 0 406 0 0.271 80.21 35.78 15.094 1.971 34. G1) 11. of Ord.461 160.Other non-current liabilities E.Selling & distribution expenses ii).482 1.Other input cost 3.General.Total amount of dividend 10.122 169.Financial Statement Analysis of Non Financial Sector 2013 Habib .74 15.928 1.96 35.29 1.508 70.86 31.200 0 369.889 212.223.208 63.146 90.653 2.Return on capital employed ( F7 as % of avg.434 326.167 109.Administrative and other expenses 5.363 0 0 3.00 6.00 2.468 35.555 81.323.35 75.045 655.Total capital employed (E+D) 2.010 54.106 344.234 645.000 363.Preference shares 2.880 263.691 0 83.059.805 200. of Ord.Retention in business (F7-F8-F9) 4.60 1.000 0 144.515 62.384 82.312 1.469 72.187.534 179.64 39.22 23.071 30.000 200.81 188 16.557 801.602 10.000 0 579.Debt equity ratio [(C+D) to E] 8.Salaries.370 1.032 1.845 55.32 6.802 868.51 19.559 200.Capital work in progress 2.Return of equity (F7 as % of avg.854 0 0 3.691 41.677 72.46 4.871 774.386 338.20 12.Operating fixed assets at cost 3.85 4.157 355.474 0 37.551 341.469 1.93 1.19 29.558 400.000 0 166.087 360.003 332.73 3.66 0.54 0.78 66.14 0.24 27.Financial expenses as % of sales (F6 as % of F1) 3.89 0.490 573.293 715.Contractual Liabilities (G2+C1) H.015 872.432 0 681.411.04 152.01 1.200 10.040 1.93 12.34 9.Miscellaneous 1.Total fixed liabilities (D1+D3) 3.559 10.74 2.83 1.51 21.374 0 126.807 106.466 363.000 200.827.788 343.Return on assets [F7 as % of avg.204 0 800.75 0.250 0 31.805 0 363.000 587.71 0.646 58.450 0 0 0 0 41.988 262.767 181.208 1.572 0 872.602 200.703 13.30 7.Non-Current Assets (A1+A3+A5+A6+A7) 1.000 569.449 133.000 0 137.Other current assets C.851 58.949 177.Key Performance Indicators 1.822 576.267 1.57 68.94 1.068 139.563 159.414 0 260.284 15.750 192./share) (E/No.11 0.121 97.20 0.10 4.94 0.504 467.474 - F.Local sales (Net) ii).608 949.967 3.Operation: 1.50 16.98 1.63 2.445 140.474 200.Cost of goods sold to sales (F2 as % of F1) 7.710 10.35 28.304 69.000 0 312.675 350 204.74 25.38 1.258 603.22 19.Acid test or quick ratio[(B1+B3+B4) to C] 2.90 1.668 0 81.677 326.120 636.Long term unsecured loans 3.710 200.084.750 226.033 841.000 0 373.868 139.653 436.69 14.437 1.428 0 0 0 44. shares] 17.187.000 462.402 80.197 52.81 5.83 5.Cash flows from operations 1.786 1.919 1.748 1.432 996.Cost of material ii).Dividend cover ratio [(F7-F8) to F9] 12.Intangible assets 6.142 0 0 0 512.460 0 0 0 0 43.Long term secured loans 2.348 177.Operating fixed assets after deducting accumulated depreciation 4.Break-up value shares (Rs.79 16.000 0 216.484 393.Tax expense (current year) 9.48 0.98 28.24 25.492 126.06 105.428 69.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 343.988 145 0 252.710 0 354.Short term Secured loans 2.806 273.85 1.548 1.Issued.000 200.490 1.32 0.062 0 48.Employees benefit obligations 5.63 1.Gross Profit 4.34 3.49 1.09 2.87 5.82 1.900 172.Capital Reserve ii).344 864 108.24 41.445 672.347 133.627 230.225 0 338.805 10.49 .480 45.16 21.68 71.464 80 306.195.Shareholders Equity (E1+E2+E3) 1.374 43.864 86. administrative and other expenses i).574 169.184 322.667 0 0 3.Long term investments 7.72 7.Assets turnover ratio [F1 to (A+B)] 5.55 3.659 18.34 1.232 262.644 80.61 1.34 1.532 0 865.646 38.878 0 58.Depreciation for the year 5.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.000 0 G. shares) 11. E) 10.000 200.000 200.Other non-current assets B.00 72.Export Sales (Net) 2.004 90.871 0 0 3.38 36.Net profit margin (F7 as % of F1) 15.47 6.86 0.314 36./share) [(F7-F8)/No.038 176.460 797.Inventory Turnover Ratio (F1 to B2) 13.000 0 472.772 129.Ordinary Shares ii).39 5.449 38.450 779.14 21.Sales i).217 902.Earning per share after tax (Rs.85 0.532 1.490 0 0 0 0 40.375 0 198.92 24.62 1.347 109.187 108.136 67.Financial expenses of which: (i) Interest expenses 7.273 622.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Inventories 3.048 87.Trade Debt 4.Operating cash flow to debt ratio [F11 to (C+D)] 16.74 0.660 0 821. A.602 0 345.200 0 107.Net profit before tax 8.Current Liabilities (C1+C2) 1.040 512.Trade Debt as % of sales (B3 as % of F1) 4. Subscribed & Paid up capital i).50 4.033 53.742 70.559 0 - 1.

118 156.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 790.819 74.222.030.660 55.221 2.Reserves i).863 0 0 0 2.141.500 0 0 0 0 81.Total capital employed (E+D) 2.000 1.Financial expenses as % of sales (F6 as % of F1) 3.Salaries.304 740.453.761.970 768.54 1.763 555.340 86.000 0 3.55 18.Non-Current Assets (A1+A3+A5+A6+A7) 1.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Trade Debt as % of sales (B3 as % of F1) 4.29 29. wages and employee benefits 6.(A+B)] 9.464 0 333.030.000 0 2.955 2.000 3.540 932.000 0 1.543 397.000 2.719 75.579 1.901 218.Capital Reserve ii).957.349 87.767 0 396.33 0.628 1.734.409.590 0 375.59 5.72 3.687.80 0.Employees benefit obligations 5.767 750.890 8.Other non-current liabilities E.682 0 555.268 319.75 4.052 843.500 4.138 580.338 0 4.217 141.368 0 2.222 0 1.Debt equity ratio [(C+D) to E] 8.283 4.812 216.670.383.500 0 0 0 0 87.52 0.420 1.201.Other input cost 3. E) 10.00 25.293 724.397 0 249.186 4.686 654.Dividend cover ratio [(F7-F8) to F9] 12.Net profit margin (F7 as % of F1) 15.461 5.208 542.30 21.924 1.156 2.351 1.424.490.667 211.500 375.14 30.921 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.767 0 - 4.780.533 1.180.Return on assets [F7 as % of avg.000 150.32 23.278 0 1.937.816 426.305.719 0 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.747 80.Assets turnover ratio [F1 to (A+B)] 5.176.563.099 191.518.009 5.851 750.Current Assets (B1+B2+B3+B4+B5) 1.000 0 1.Long term investments 7.464 - F.23 1.40 0.000 750.84 10.Financial Statement Analysis of Non Financial Sector 2013 Habib Sugar Mills Ltd.889 7.541.400 1.722 0 368.915.535 241.83 0.000 168.34 1.000 119.Selling & distribution expenses ii).351 0 406.841 1.584.18 32.416 1. A.Preference shares 2.50 3.65 16.150 200.04 0.14 28.Long term secured loans 2.251.26 1.738 535.32 12.249.47 21.564 56.180 3.18 14.388.91 25.84 83.37 2.287.016 0 4.15 0.06 0.847.909 3.371 430.Key Performance Indicators 1.778 79.309 47.006 376.500 0 0 0 0 86.317 1.624 0 0 1.34 86.Export Sales (Net) 2.Earning per share after tax (Rs.64 27.916 6.720.000 0 719.64 0.157 0 417.926.160 0 311.21 31.090 34.00 23.00 12.973.222 34.807 2.90 81.123.923 1.100 759.91 22.464 360.124.998 503.265.660 34.816 175.178 0 175.657 734.747 465.923.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.432 6.882.Total amount of dividend 10.Miscellaneous 1.500 2.000 750.000 1.660 480.263 7.979.660 0 1.06 12.050.845 284.961.Inventories 3.136.870 108.467 3.266.Local sales (Net) ii).960.Return on capital employed ( F7 as % of avg.067.500 3.795 206.00 2.988 G.12 4.76 3.851.217.698 6.710 1.90 5.001.97 32.157 81.397.092.Other current assets C.83 0.Other non-current assets B.962 1.Net profit before tax 8.623 2.270.852 3.023 37.721 429.21 28. G1) 11.000 0 2.Short term investments 5.01 25.28 0.558 161.047 3./share) [(F7-F8)/No.401 182.141.520.851 0 1.927.213 153.890.812.919.56 2.135 51.483 2.000 0 0 0 0 75.Capital work in progress 2.73 3.186 0 3.639 698.054.599. of Ord.965 297.537 438.607.000 480.65 2.91 0.08 7.55 5.890 1.905 1.917 863.000 750.93 1.Intangible assets 6.744.22 0.616 331.642 736.891 77.000 600.Total fixed liabilities (D1+D3) 3.Retention in business (F7-F8-F9) 4.710 6.223.12 25.61 25.Revenue Reserve 3.990 180.Issued.45 .199 0 695.826 282.09 2.324.915.79 5.500 0 0 0 0 81.497.784 981.559 0 923.988 376.Depreciation for the year 5.Cost of goods sold to sales (F2 as % of F1) 7.58 0.540.000 4.129 150.Operation: 1.28 0.000 439.808 1.699 0 299.86 21.Operating fixed assets at cost 3.253 1./share) (E/No.888 5.Contractual Liabilities (G2+C1) H.00 5.12 2.595.096.767 34.856 9.Administrative and other expenses 5.338 5.99 1.37 0. shares) 11.Other current liabilities D.376 114.939.500 2.Break-up value shares (Rs.24 7.725 67.89 28.707.000 0 275.89 Items 1.27 16.058 0 1.58 3.71 10.919.Cost of sales i).208 9.204.924 128.632.000 839.140 498.393 336.349 426.21 27.Current Liabilities (C1+C2) 1.208 282.20 189 14.71 21.278 81.535 0 3.016 300.000 0 3.039 790.055 278.841 66.222 600.535 399.857 26.Ordinary Shares ii).768.87 0.239.49 1.019 465.91 13.Current ratio (B to C) 6.34 2.60 1.102.03 0.156 858.71 1.320 636.Cash & bank balance 2.516 760.20 1. Subscribed & Paid up capital i).545 959.115 0 566.Financial expenses of which: (i) Interest expenses 7.436 2.611.86 5.069 5.090 750.809.848.861 44.551 4.000 2.53 12.000 375.000 90.000 0 1.Trade Debt 4.089 43.000 3.944 5.866 49.11 25.Sales i).94 83.387 0 2.176.961 417.039 353.728.000 150.100 57.755.509 80.46 18.092 185.000 2.221 403.340 0 498.304.090 0 2.028 1.307.558 5.682 7.Short term Secured loans 2.640 790.836 0 999.General.774 1.25 1.Debentures/TFCs 4.069 7.72 14.584.22 8.000 120.81 5.19 82.43 28.Cost of material ii).000 360. of Ord.150 0 4.85 1.000 375.366 212.083 897.Cash flows from operations 4.48 83.Tax expense (current year) 9.207 2. shares] 17.002 196.Shareholders Equity (E1+E2+E3) 1.Gross Profit 4.Operating fixed assets after deducting accumulated depreciation 4.227 0 2. administrative and other expenses i).209 81.Long term unsecured loans 3.Total value of bonus shares issued 11.Return of equity (F7 as % of avg.129 79.Inventory Turnover Ratio (F1 to B2) 13.467.851 34.

Shareholders Equity (E1+E2+E3) 1.88 0.895.40 -21.Gross Profit 4.Current Liabilities (C1+C2) 1.065.Miscellaneous 1.92 -9.Current Assets (B1+B2+B3+B4+B5) 1.010.28 0.304 680.67 45.853 3.Revenue Reserve 3.639 988.055.12 -13.Break-up value shares (Rs.Salaries.Earning per share after tax (Rs.17 -21.485 56.622 187.568 805.Short term investments 5.Capital work in progress 2.000 0 (76.000 324.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.260 - F.83 0.984 241.Reserves i).193 0 1.853.733 321.41 Items 1.428 2.245) 487.Administrative and other expenses 5.172) 1.441.933 (171) 642.15 7.Selling & distribution expenses ii).Acid test or quick ratio[(B1+B3+B4) to C] 2.Other non-current liabilities E.11 -10.523.29 3.General.135.568 80.23 0.516 (69.650) 2.135.894 438.668 302.845 0 0 14.711 979.774) 10.388 0 267.330 53.044 233.006.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.600 0 (98.485 1.(A+B)] 9.732 0 0 374.530.447 193.053.071 2.719 863.172 912 33.910 2.865 1.32 2.617 231.03 15.18 -5.890 593.Return of equity (F7 as % of avg.57 2.Key Performance Indicators 1.41 2.01 51.430 771.Cost of material ii).448 2.791 983.054.254 878.Assets turnover ratio [F1 to (A+B)] 5.45 0.73 -0.109 968.009.597.000 324.054.90 81.277 0 1.98 16.Other non-current assets B.340 0 20.293 235.153 57.653 0 11.667 0 32.77 -1.971 0 31.715 2.85 93.174 1.495 205.907 32.333 175.Total fixed liabilities (D1+D3) 3.690) 0 (123.63 0.910 0 2.288.742 6.853.059.Current ratio (B to C) 6.509.Trade Debt as % of sales (B3 as % of F1) 4.677 449./share) (E/No.355 0 0 624.Return on capital employed ( F7 as % of avg.512 577.Inventories 3.42 0.537.00 0.42 0.68 29.99 -0.798 245.245) 0 0 0 G.09 -7.780) 0 0 0 38.148 59.983 1.000 324.268 32.719 575.02 -11.930) 9.00 0.Intangible assets 6.624 392.708 30.952 324.000 324.44 0.003.398 0 0 (848.004 1.109 501.340 488. shares) - - 5. E) 10.Sales i).562 884.598 1.01 1.Operating fixed assets at cost 3.37 12.746 347.685 35.798 192.053 (216.065.696 30.Cost of sales i).915 630.936.087.07 -6.260 324.324.348 125.299 0 590.51 -0.571.783 161.44 97.Cash flows from operations 1.808.Cash & bank balance 2.54 0.400 0 (298.02 -1.20 .000 0 10.Issued.Operation: 1.50 -21.28 -6.338.853 0 2.587 1.385) 1.984 0 10. Subscribed & Paid up capital i).Financial expenses of which: (i) Interest expenses 7.Debentures/TFCs 4.736 0 431.416 0 0 3.Return on assets [F7 as % of avg.440 508.598) 540.917.77 0.Financial Statement Analysis of Non Financial Sector 2013 Haseeb Waqas Sugar Mills Ltd.016 1.206.788 123.385) 0 (519.497 487.71 109.625.411 32.454 32.62 1.02 5.372.982 (98.114 2.967 2.258) 1.779 1.399 2.148 54.19 0.07 190 - - - 12. G1) 11.000 0 9.667 67. shares] 17.Net profit before tax 8.072 4.518 0 0 8.666 2.260 96.277.070 20.Tax expense (current year) 9.259 1.615 0 15.Long term secured loans 2.552.Dividend cover ratio [(F7-F8) to F9] 12.922 576.053 204.744 0 20.573) 68.780) 1.411 108.087.000 0 (519.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.247 1.900.148 231.320 881.000 324.166.765 50.516 151.230 0 2.168 0 1.130 1.000 0 164.616 80.001 (688.879 0 0 (157.168 1.513 509.972 (473.63 0.483 32.110 30.049 0 2.933 236.153 2.70 -2.Operating cash flow to debt ratio [F11 to (C+D)] 16.931 48.06 0.12 93.537.968 1.000 0 9.848.88 1.720 (205.Operating fixed assets after deducting accumulated depreciation 4.727.254 160.726 (236.61 7.963 2.00 0.781.00 -3.758 203.779 0 9.Other current liabilities D.135 193 1.474 0 0 319.70 0.239 (27.849 37.209 2.571.66 0.18 3.Debt equity ratio [(C+D) to E] 8.Cost of goods sold to sales (F2 as % of F1) 7.Total amount of dividend 10.617.388 752.Other current assets C.794 351.00 1.944 1.15 17.330 0 0 637.921 83.862 254.277 1.977 0 2.494 324.584 324.21 2.Export Sales (Net) 2.04 0.Financial expenses as % of sales (F6 as % of F1) 3.Long term investments 7.324.985 146. of Ord.083 2.01 -14.240 0 0 170.063 0. of Ord.22 1.09 -0.813 1.625 257.721 19.605 530.87 0.41 2.777 180.02 -38.93 1.03 6.78 0.05 -3.Capital Reserve ii).360.209 136.Contractual Liabilities (G2+C1) H.Net profit margin (F7 as % of F1) 15.388 20.690) 1.545 37.115 486.33 5.145 0 0 2.Retention in business (F7-F8-F9) 4.91 0.00 13.000 0 (123.01 8.01 7.21 1.692.30 -1.09 1.612 5.62 31.000 324. wages and employee benefits 6.Other input cost 3.Long term unsecured loans 3.155.38 -7.207) (76.33 0.065 128.Ordinary Shares ii).765 0 30.153 0 32.73 1.93 1.120 35.Depreciation for the year 5.14 0.857 0 856.011 54.120 0 37.587 0 1.233 198.349 5.730 132.97 96.713 0 184.Inventory Turnover Ratio (F1 to B2) 13.204) 34.Non-Current Assets (A1+A3+A5+A6+A7) 1.680 1. A.Preference shares 2./share) [(F7-F8)/No.53 -18.021 1.427 324.08 -5.559 125.719.725.79 0.436 44.216 8.Total capital employed (E+D) 2.577.474 56.Short term Secured loans 2.756 0 0 20.566 231.718 130.577.304 192.917.117 2.207) 0 282.271.120 80.371 245.857 1. administrative and other expenses i).Local sales (Net) ii).634.232 167.Total value of bonus shares issued 11.50 0.337 - 1.Trade Debt 4.832) 3.672.177 0 0 652.137 324.42 0.791 1.471.Employees benefit obligations 5.426 11.495 (473.

48 8.957 189.505 0 1.466 1./share) [(F7-F8)/No.827 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.117 129.607) 81.956 (297.00 4.262 0 1.093 99.81 0.129 115.010.879 (149.938 103.42 0.87 -9.71 2.828 166.417 0 303. wages and employee benefits 6.85 24.65 98.979 5.87 1.432 457.31 -0.964 0 0 (685.105) 38.684 39.Tax expense (current year) 9.Net profit before tax 8.86 3.Current Assets (B1+B2+B3+B4+B5) 1.054 55.843 468.516 10.000 0 82.635) 492.826 370.243.041 24.73 0.468.335 84.794 43.49 69.02 3.264 67.681 1.428 162.722 60.587 0 36.355 0 0 (59.Other current liabilities D. Subscribed & Paid up capital i).684 1.850 0 1. G1) 11.560 1.252 0 131.483 895.315 48.649 (87.58 51.07 0.224 200.037.802 1.92 2.390 666.194 60.709 832.20 1.35 -0.248 (297.52 Items 862.021 (128. shares] 17.198 62.713 83.123 278.Current ratio (B to C) 6.070 5.210 973.21 -13. administrative and other expenses i).49 1.132 42.775 41.899 72.541 (228.683 739.Intangible assets 6.Key Performance Indicators 1.973.000 0 76.81 14.011.708) 411.883 1.590 22.516 667 4.Shareholders Equity (E1+E2+E3) 1.430 0 11.Contractual Liabilities (G2+C1) H.542 239.43 -13.Long term secured loans 2.576 969.11 191 - - - - - 14.Debt equity ratio [(C+D) to E] 8.341 0 0 0 7.341 2.877 106.685 67.Administrative and other expenses 5.418.724 4.812.Cost of sales i).608) 7.810 76.684 1.732 2.080 269.179 492.541 0 0 0 5.Employees benefit obligations 5.000 170.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.781 (16.824.56 14.594 21.181.Debentures/TFCs 4.958 198.258 131.Long term investments 7.468.450) 288.93 43.517 181.831 121.764 674.025 1.258 492.Cash flows from operations 1.04 91.519 2.335 13.Total amount of dividend 10.369 0 243.858 876.699 0 3.Miscellaneous 1.04 2.50 14.06 1.Cost of goods sold to sales (F2 as % of F1) 7.68 .010.218 0.000 121.750 8.25 2.699 3.386) 3.466 0 1.850 10.36 2.618 - F.282 144.Local sales (Net) ii).Ordinary Shares ii).951 1.719 154.88 0.662 24.684 1.929 3.Sales i).595 352.686 750 3.88 14.998 39.570 60.923 166.311 130.99 0.000 121.205 200.93 -28.60 2.42 2.816 386.54 -64.580 80.79 96.67 -59.Financial Statement Analysis of Non Financial Sector 2013 Husein Sugar Mills Ltd.833.097 7.820 49.Earning per share after tax (Rs.43 0.116 359.000 0 (90.923 66.Salaries.144 572.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.491 15.General.914 117.184.268 119.02 0.44 -5.440 287.986) 1.16 -7.94 -32.Export Sales (Net) 2.97 -23.69 33.53 108.Cash & bank balance 2.Cost of material ii).572.Inventory Turnover Ratio (F1 to B2) 13.89 8.824.Preference shares 2.Non-Current Assets (A1+A3+A5+A6+A7) 1.131.699 8.138 212.509 319.093 24.901 22.Other non-current assets B.000 0 279.126) 492.234.16 4.806.993 645.777.80 0.Operation: 1.438 38.684 - 1.Financial expenses as % of sales (F6 as % of F1) 3. of Ord.14 325.02 5.Total value of bonus shares issued 11.992 78.047 121.739 158.55 43.969 400.786 168.075 1.821 333 4.403 0 0 107.30 2.23 -16.Gross Profit 4.827 0 24.916 808.615 24.616 999.837 574.Other input cost 3.982 1.210.56 93.083 0 0 121.026 89.638.682 1.802 56.956 45.078 339.26 0.195 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.29 90.42 0.026.728 23.022) 11.558 10.Break-up value shares (Rs.Depreciation for the year 5.343 70.358 121.669 3.758 43.504 61.963) 151.20 1.910 71.415.897.152 1.367 4.000 170.897.002.047 25.Issued.07 -30.90 17.71 -0.Total capital employed (E+D) 2.149 351.595 9.160 745.000 0 5.195 0 1.Capital work in progress 2.132 397.436 279.97 -0.81 0.024 279.974 (217.Operating fixed assets at cost 3.678 127.678 99.Short term Secured loans 2.95 3.404 43.626 (94.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 359.477.069 329.669 0 2.915 320.477.31 0. E) 10.Operating fixed assets after deducting accumulated depreciation 4.210.Return of equity (F7 as % of avg.862 174.794 78.Return on capital employed ( F7 as % of avg.412 170.000 0 180.042 0 181.060 394.Inventories 3.724.738 147. A.045 33.247 28.(A+B)] 9.450) 0 0 0 (198.192 293.06 1.739 326.72 3.780 0 20.980 607.933 0 0 0 31.56 1.91 -24.618 121.Other current assets C.10 4.43 0.62 1.025 75.124 140.17 0.262 1.470 53.20 0.00 3.000 170.06 2.426 9.42 0.579 170.Reserves i).Long term unsecured loans 3.30 -24.585 170.Revenue Reserve 3.Dividend cover ratio [(F7-F8) to F9] 12.429.102 181.Trade Debt as % of sales (B3 as % of F1) 4.57 0.95 1.12 -0.91 0.677 568.969 0 10.246 35.815 113.021) 1.933 9.Short term investments 5.91 0.Trade Debt 4.626 0 0 0 989 301.045 125.570 0 G.329 0 960.396 121./share) (E/No.169 123.000 0 0 639 618.Retention in business (F7-F8-F9) 4.341 83.76 45.538.851 10.Current Liabilities (C1+C2) 1.710.Net profit margin (F7 as % of F1) 15.000 121.179 115.517 0 19.Selling & distribution expenses ii).Other non-current liabilities E.781 0 234.962 0 7. shares) 2.Financial expenses of which: (i) Interest expenses 7.47 33.Capital Reserve ii).540 25.453 19.188 123.02 0.474 172.Return on assets [F7 as % of avg.147 21.Assets turnover ratio [F1 to (A+B)] 5.125 13.08 -3.Total fixed liabilities (D1+D3) 3.408 279.318 180.500 2. of Ord.56 0.210 22.922 114.29 0.81 -11.

417.311 1.201.80 9.719 10.216 1.Financial expenses as % of sales (F6 as % of F1) 3.78 0.967 1.372 876.578 1. of Ord.18 11.771 25.22 3.954.899 1.091.100.Total amount of dividend 10.036 62.96 6.705 7.307 6.Cost of goods sold to sales (F2 as % of F1) 7.985 11.Assets turnover ratio [F1 to (A+B)] 5. of Ord.191 0 13.921 84.340.217 2.915.216 608.767 0 4.127 0 507.Issued.61 2.Cash flows from operations 8.675 0 2.245 381.103.328 668.849.82 Items 5.Capital work in progress 2.080.840 198.316 2.718.886 855.530 355.219.169 4.114 5.Other non-current assets B.439 57.985 604.20 26.578 8.409 443.322.810.092 4.02 4.344 358.311 745.22 0. shares] 17.458 435.628 174.956 8.182.166 3.02 0.49 1.38 192 0.492.78 88.Current Assets (B1+B2+B3+B4+B5) 1.555.209 4.780 4.464.054 6.254 0 1.Acid test or quick ratio[(B1+B3+B4) to C] 2.88 1.660 0 4.923 48.250 3.510.211 608.37 -0.731.729.941 7.768.56 79. A.594 41.746 633.01 11. G1) 11.707 927.380) 20.325.255 2.334.Local sales (Net) ii).451.832 592.874 1.956 556.355 3.942 206.127 1.982 24.919 358.249 142.440 1.486 1.082.General.103.018.900 0 26.251.695.100 9.Earning per share after tax (Rs.Net profit margin (F7 as % of F1) 15.699 4.250 2.365.211 265.708 2.081.000 0 0 45.882 0 2.Total capital employed (E+D) 2.682 143 0 3.73 89.Other current assets C.929 4.Other non-current liabilities E.684 2.218 15.Capital Reserve ii).297 36.160 994.877 4.999 1.627 655.675 0 12.731.033.458 0 1.719.298.923.Long term investments 7.247 827.468 1.408 434.411 21.636.098 508.324 1.602 48.651 13.946 2.280 46.072 0 0 44.878.530 11.322.388.738 260.819.328 10.85 45.681 3.27 0.Break-up value shares (Rs.37 0.919.75 53.068.850 2.103 0.95 0.60 .Selling & distribution expenses ii).631 22.898.173 608.908 358.919 662.15 5.890 489.24 4.Current ratio (B to C) 6.40 6.57 15.60 2.595.033 568.442 8.038.137.057 859.767 597.107 2.04 19.143.767 0 4.767 597.81 81.257.026 1.432 4.Tax expense (current year) 9.324.782 3.955 1.150 0 - 9.398.893.946.23 18.705.880 22.39 82.767 0 4.576 6.826 3.62 4.922.309.660 0 2.62 8.Cash & bank balance 2.33 5.34 32.77 3.Export Sales (Net) 2.00 16.56 3.Net profit before tax 8.188 G.143.342.66 0.738 690.18 2.555.750 22.398 0 8.011 6.017.288 0 4. shares) 7.105.46 50.06 25.068 1.774 7.919.Non-Current Assets (A1+A3+A5+A6+A7) 1.991 - 14.100.Intangible assets 6.125.871 906.789 12.101 8.03 5.207 27.955.87 1.590 582.895 20.Other input cost 3.079 2.311 1.409 3.055 597.243 23.934 15.968 278.949.Operating fixed assets after deducting accumulated depreciation 4.411 7.542.00 5.Other current liabilities D.61 11.183.162.728 1.80 38.246.216 - F.974 627.71 9.Shareholders Equity (E1+E2+E3) 1.039.Operation: 1.989 2.Long term unsecured loans 3.01 17.00 1.175.666 4.484.848.574 9.463.551 369.631 3.225 8.990.91 72.288 0 1.126.Financial Statement Analysis of Non Financial Sector 2013 JDW Sugar Mills Ltd.104 4.282 22.890 0 2.164.704.981.325.Key Performance Indicators 1.380.84 12.170.380.718.Inventory Turnover Ratio (F1 to B2) 13.040.459 9.072 0 7.948 843.712 12.715.396.207.992.891.Gross Profit 4.964.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.228 20.721.Sales i).Operating cash flow to debt ratio [F11 to (C+D)] 16.941 3.864.666.459 0 7.112 46.305 0 5.41 0.597 1.85 8.399.392 130.36 0.911 4.176.829 608.73 0.594.229.703 3.249 0 0 37.066. wages and employee benefits 6.404 357.254 381.891.031.554 1.561.767 592.065 (2.127.54 69.118.87 53.310.855 435.216.07 8.62 3.565 489.671.802.031.773 1.542.263 626. Subscribed & Paid up capital i).10 1.072 742.039 4.553.578 1.Debentures/TFCs 4.302 1.731.458.89 1.823 6.12 8.106.072 8.104.Contractual Liabilities (G2+C1) H.Cost of material ii).49 4.832 209.14 0.245 369.188 342.276 199.694 1.705.57 0.064 9.72 0.27 7.300 342.877 3.136 196.074.217 3.27 4.248 11.33 2.744.083 851.226 4.107 482.Long term secured loans 2.684 20.56 23.Current Liabilities (C1+C2) 1.722 1.Dividend cover ratio [(F7-F8) to F9] 12. administrative and other expenses i).000 981.572 1.Return on capital employed ( F7 as % of avg.43 91.553.135 611.592.28 3.Ordinary Shares ii).418 533.65 98.886 3.586 10.521 1.Return of equity (F7 as % of avg.409.375.(A+B)] 9.19 8.Trade Debt 4.552 9.74 75.012 5.943.554 239.919 414.84 83.40 5.491 0 20.324 0 37.178.673 6.311 1./share) (E/No.630 2.Debt equity ratio [(C+D) to E] 8.39 0.547 6.839.730.485 4./share) [(F7-F8)/No.26 1.60 1.143 4.150 0 4.078 542.Operating fixed assets at cost 3.102 27.834 1.Employees benefit obligations 5.605.488.87 5.Return on assets [F7 as % of avg.122.203 11.856.126) 4.168.82 0.11 0.65 25.428 1.80 0.491 24.190.76 82.Preference shares 2.031 3.829.62 1.684 0 16.695.Total value of bonus shares issued 11.Reserves i).460 5.436.935 542.435.153.540 3.547 10.829.67 0.125.Short term investments 5.910 6.638 548.009 12.068.Revenue Reserve 3.610.387.166 1.994 1.Retention in business (F7-F8-F9) 4.899 10.68 17.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.Salaries.Total fixed liabilities (D1+D3) 3.049.234.Cost of sales i).898.135.361.138.882 1.Depreciation for the year 5.Inventories 3.Administrative and other expenses 5.651.661 0 5.Financial expenses of which: (i) Interest expenses 7.490 0 950.264 4.48 1.383 3.13 13.802 20.981 13.183 0 (389.048 239.635.383 3.398 0 1.191 358.316 6.594.Trade Debt as % of sales (B3 as % of F1) 4.Short term Secured loans 2.572 3.917 597.588 0 2.446 133.219. E) 10.035.693 0 4.47 2.749.805.16 2.589 622.679 11.84 9.729.87 2.Miscellaneous 1.00 0.110 9.919.961.067.08 4.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 4.

390 857.71 - - - - - - 2.055.57 4.033.343 0 0 (31.679 197.000 807.07 2.00 -3.21 .Export Sales (Net) 2.358 214.Return on capital employed ( F7 as % of avg.490 109.237 1.107) 155.748 141.642 67.430.672 1.Current ratio (B to C) 6.77 0.401 0 0 914 696.643) 160.286 3.727 54.Other input cost 3.555) 341.410.(A+B)] 9.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.733 708.Tax expense (current year) 9.566 677.268 8.200 2.923 8.Debentures/TFCs 4.97 0.034 34.469 766.416 0 900.377 0 0 269.Net profit before tax 8.00 Items 1.594 7. E) 10.Contractual Liabilities (G2+C1) H.670.06 -11.175 0 (37.479.175 0 (332.12 7.865 0 0 5.313 1.357 1.Assets turnover ratio [F1 to (A+B)] 5.898) 0 0 0 G.Other current liabilities D.Local sales (Net) ii).115 1.99 -4.075.21 -16.580 37.566 732.804 983.59 -8.346 1.647 1.Cash & bank balance 2.145 46.Return of equity (F7 as % of avg.956 1.907 1. administrative and other expenses i).569.346 0 1.358 156.Other non-current liabilities E.836 0 0 676 551.00 -0.09 -23.66 4. G1) 11. shares) 193 0.799 914.009.Capital work in progress 2.741 16.205 0 31.307 51.672 0 38.48 0.307 1.175 0 (721.Long term investments 7.12 52.315.839 180.490 (74.Administrative and other expenses 5.128 39.04 0.759 34.789.383) 97.658 44.271 1.382 735.463 73.979 1.Debt equity ratio [(C+D) to E] 8. Subscribed & Paid up capital i).714.603) 87.191 71.40 22.104.202.044 0 291.054 107.Operating fixed assets at cost 3.946 1.075.Gross Profit 4.Salaries.673 200.21 8.667 184.230 160.721 (49.341 716.493 1.114) 0 (332.446.079 6.672 0 1.728 0 180.14 -95.582 160.82 -11.682) 1.07 0.857 617.Cost of goods sold to sales (F2 as % of F1) 7.377 15.28 92.493 0 989.659 0 2.153.638 1.169 1.12 1.312 0 25.098 54.175 160.614 2.544 0 (381.79 4.889 8.592 68.04 2.000 878.175 0 (301.593) - F.09 0.276 426.081 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.359 43.44 2.31 0.454 75.298 0 815.00 0.Financial expenses as % of sales (F6 as % of F1) 3.01 1.606 67.215 85.072) 0 (250.835 (171.209 398.244 80.248 2.Operating cash flow to debt ratio [F11 to (C+D)] 16.566 25.714 1.Long term unsecured loans 3.457 12.02 0.Ordinary Shares ii).715 145.175 160./share) [(F7-F8)/No.190 0 92.644) 0 (403.46 -0.175 0 (250.56 11.35 4.685 646.098 11.03 1.296 0 0 4.71 - - - -6.96 1.574 0 0 (115.10 -18.698 0 30.52 7.461 88.Return on assets [F7 as % of avg.072) 287.631 70.Other current assets C.Selling & distribution expenses ii).65 2.026 252.Long term secured loans 2.412 14.Inventories 3.576.52 90.Preference shares 2.439 300.Current Liabilities (C1+C2) 1.754 1.267 151.Earning per share after tax (Rs.08 -4.51 0.456.94 12.520.647 19.Total fixed liabilities (D1+D3) 3.521.551) 2.Operating fixed assets after deducting accumulated depreciation 4.50 -16.Trade Debt as % of sales (B3 as % of F1) 4.554 0 179.Revenue Reserve 3.423.175 160.534.Inventory Turnover Ratio (F1 to B2) 13.259 0 0 177.644) 273.307.62 11.Cost of material ii).02 1.Trade Debt 4.Operation: 1.270 24. A.003 73.597 2.34 64.24 1.583.34 0.Total capital employed (E+D) 2.Employees benefit obligations 5.Capital Reserve ii).804 1.205.554 3.316.047 0 0 276.08 403.013 1.279) 0 0 0 (224.Total amount of dividend 10.33 99.84 0.256 107.23 9.Acid test or quick ratio[(B1+B3+B4) to C] 2.656 58.095.026 107.304 720.32 0.General.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.963 0 19.28 3.523 10.580) 320.567 111.88 0.593 3.80 -13. of Ord. wages and employee benefits 6./share) (E/No.297.649 5.647 0 0 170.481 945.Current Assets (B1+B2+B3+B4+B5) 1.912 85. of Ord.807 103.646 89.175 160.792 145.49 111.215 1.25 0.Cost of sales i).22 91.804 0.11 2.212 0 37.907 160.71 0.04 8.Miscellaneous 1.461 32.126 155.090 35.114) 323.725 205.Break-up value shares (Rs.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.Short term Secured loans 2.Other non-current assets B.177.22 -10.Issued.64 0.152 568.533) 8.Reserves i).Cash flows from operations 716.419.551 74.Dividend cover ratio [(F7-F8) to F9] 12.959.742 185.72 -8.099 3.472 1.21 -11.53 104.956 34.Retention in business (F7-F8-F9) 4.184 2.728 122.16 0.162 0 29.126 935.175 160.264.059 1.551 160.081 647.07 0.408 (259.095.555) 0 (721.089 0 23.081 859.00 0.920 73.187 0 988.737 - 1.584 0 0 125.86 0.710 0 385.341 0 713.898) 73.68 24.502) 303.175 160.027.701 12.12 -43.580) 0 (301.20 1.08 1.477 160.745 75.161 119.264.Shareholders Equity (E1+E2+E3) 1.117 1.208 34.760 0 2.130 0 2.885 78.81 8.175 0 (403.665 0 0 4.566 965.36 7.832 1.Intangible assets 6. shares] 17.Sales i).67 0.02 -0.718 0 34.636 62.447.313 1.349 114.642 372.401 20.074 6.893 0 (180.98 0.598 40.Total value of bonus shares issued 11.Net profit margin (F7 as % of F1) 15.Depreciation for the year 5.97 0.148 176.Financial expenses of which: (i) Interest expenses 7.00 1.647 577.84 24.382.120 5.Key Performance Indicators 1.310 0 (49.98 -150.393.279) 426.138 (381.075 78.25 0.914 207.149 3.Financial Statement Analysis of Non Financial Sector 2013 Khairpur Sugar Mills Ltd.21 2.68 18.90 7.534.322.515 0 (219.421 0 119.734 7.675 1.Short term investments 5.

447 2.295.Current Liabilities (C1+C2) 1.015 2.Long term unsecured loans 3.053 4.66 0.10 5.821 48.363 546.Depreciation for the year 5.93 0.310 416.524) 587.15 -26.85 101.109.02 -0.Return on assets [F7 as % of avg.Total capital employed (E+D) 2.828 (304.03 7.70 0.336 61.886 413.16 0.990 2.Financial Statement Analysis of Non Financial Sector 2013 Kohinoor Sugar Mills Ltd.367 52.Ordinary Shares ii).340 0 582.406.879 (185.50 104.Employees benefit obligations 5.624 454.402 (342.Short term investments 5.640.664.950) 1.173 (293.213 13.45 3.095 0 0 176.Operating fixed assets after deducting accumulated depreciation 4.613 782.498 0 0 151.395 (96.495 1.309 672.230 1.245.Net profit before tax 8.92 194 .517 (121. shares) - - - - - - 3.Capital Reserve ii).060.324) 1.77 1.548 109.Intangible assets 6.824 250.88 95.406 - 1.771 369.019 586.56 -1.61 12.96 0.309 1.87 -17.098 0 468.Long term secured loans 2.Break-up value shares (Rs.708 1.69 -9.078 (104.Selling & distribution expenses ii).713 95.31 39.981 1.05 0.509 0 0 399 705.00 0. E) 10.863 0 241.214 61.065 2.04 14.097.406 884 0 243.765 402.Financial expenses of which: (i) Interest expenses 7.Short term Secured loans 2.20 -0.879 (435.93 0.45 0.440 40.098 0 (85.071) 26.Other current liabilities D.098 0 (158.795 300.Long term investments 7.456 53.17 -5.62 0.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.518 (44.143 1.Cost of goods sold to sales (F2 as % of F1) 7.983 104.379.801 22.00 -9.976 1.186.18 -11.288 434.78 -3.Non-Current Assets (A1+A3+A5+A6+A7) 1.358 520.466 794.797 0.00 0.02 0.75 91.96 Items 1.10 2.768) 7.00 -34.369 1.256 524.Cash & bank balance 2.522 530.334.Local sales (Net) ii).892 1.56 96.279 0 175.92 -10.706 579.496.661 286.648.891) 1.054 210.126 37.935 0 1.144 655.Inventories 3.Administrative and other expenses 5.397 1.266 1.621 316.95 -7.089.734 4.08 0.935 1.902 438.756 0 0 (261.Trade Debt 4.696 433.212 34.Revenue Reserve 3.879 (111.004 1. A.721.84 0.588 1.445 0 232.Total amount of dividend 10.166 0 1.Other input cost 3.Total value of bonus shares issued 11.51 0.849 105.072 2.Total fixed liabilities (D1+D3) 3.046 3.405 0 0 179.Issued.35 -9.173 452.923 74.143.489.799 52.634.Net profit margin (F7 as % of F1) 15.Cost of material ii).727 1.02 4.097 0 (88.01 3. of Ord.575 45.921 577.990 1.108 1. shares] 17.293 109.379.69 0.Gross Profit 4.640.324 300.195 - F.65 0.90 -7.341 1.Operating cash flow to debt ratio [F11 to (C+D)] 16.Cost of sales i).54 52.85 1.Tax expense (current year) 9.098 109.348 434.Assets turnover ratio [F1 to (A+B)] 5.963.196.Operation: 1.428 0 (104.688 0 0 262.91 1.879 (237. administrative and other expenses i).391.Retention in business (F7-F8-F9) 4.803 0 0 0 (562.364) 83.664.Other current assets C.39 1.043 1.Sales i).451.705 78.088.310 4.11 6.Dividend cover ratio [(F7-F8) to F9] 12.599 68.605 26.772 358.852.847) 648.397 109.04 0.General.885 399.238 2.441 473.348 649.353 68.909 81.950 5.027) 0 0 0 G.968) 26.488 399.66 14.691 898.003) 908.624 (61.430 71.135 0 520.(A+B)] 9.171 1.92 1.664.288 0 0 76.922) 648.038.328 119.284) 629. wages and employee benefits 6.28 0.205 60.Miscellaneous 1.089.525 5.487 1.435 0 0 (334.42 0.01 6. of Ord.66 38.466 1.665 1.083.777) 26.123 503.135 577.971 1.884 77.817 740.387.712 170.374) 26.098 109.255.41 61./share) (E/No.253) 1.362 0 0 235.449 554.559 80.684 0 0 66.656) 648.728 182.098 0 (210.568) 16.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.962 109.789 1.123 112.86 2.41 -8.667 444.Export Sales (Net) 2.67 0.08 129.495 63.051 (276.87 0.17 -0.357 844.539 185.971 292.Earning per share after tax (Rs.803.60 -2.47 -5.166 1.697 0 0 172.892) 1.705 124.05 8.Cash flows from operations 1.Operating fixed assets at cost 3.316.Trade Debt as % of sales (B3 as % of F1) 4.650 1.054.899 112.122 697.68 86.124.60 -17.Inventory Turnover Ratio (F1 to B2) 13.59 50.369 0 0 484.901 0 0 18.658 111.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 1.360.501 500.879 (114.494 74.577 185.143.004 0 1.963.991 341.598) 141.Debt equity ratio [(C+D) to E] 8.098 0 (408.097 109.338.212 5.027) 250.55 0.389 1.Return on capital employed ( F7 as % of avg.677 425.387.044.755.20 -17.93 1.432 109.869 0 0 1.Other non-current liabilities E.559.379 87.757 8. G1) 11.07 0./share) [(F7-F8)/No.855 0 0 297.633 1.223) 78.71 -5.613.09 0.52 40.758 1.429) 16.392 210.185.499.203 52.231 94.199 3.23 2.Other non-current assets B.79 2.350 92.416 71.Contractual Liabilities (G2+C1) H.253 817.100.517 446.Capital work in progress 2.88 3.708 0 2.309 598.Reserves i).619.081 1.098 109.72 -0.196.78 0.71 98.797 1.Salaries.341 2.098 109.970.662 109.36 3.Key Performance Indicators 1.331 827.94 -14.341 1.842 1.Current Assets (B1+B2+B3+B4+B5) 1.042) 26.63 11.559.14 54.Return of equity (F7 as % of avg.098 109.Shareholders Equity (E1+E2+E3) 1.492 (113.48 20.620 101.51 0.Preference shares 2.Acid test or quick ratio[(B1+B3+B4) to C] 2.024 130.Financial expenses as % of sales (F6 as % of F1) 3.579 79.954 60.165 26.20 -1.043 0 1.072 2.685 524.Debentures/TFCs 4.850 813.Current ratio (B to C) 6.588 412.485.471 109.758 0 1.205 92.072 1.267 0 0 23. Subscribed & Paid up capital i).803 153.661 124.95 0.

shares] 17.Capital work in progress 2.58 35.Debentures/TFCs 4.07 20.72 Items 916.841.480 796.672 1.109 3.464 144.833 121.788 98.610 0 1.192 872.55 0.150 182.826 0.520 1.446 2.248 5.669 219.21 0.303 63.51 49.345 3.62 0.443 115.448 321.964 292.01 16.935 3.346 297.132.397 249.438 0 77.161 108.757 132.992 430.Total value of bonus shares issued 11.902 0 176.521.255 219.367 749.86 195 .415 2.299 0 58.968.258 245.129 38.895 2.76 1.120 192. of Ord.564 2.731 95.545 1.172.97 86.Cash flows from operations 1.57 21.633.785 535.40 0.687 75.317 41.115 688.631 0 0 4.458.Dividend cover ratio [(F7-F8) to F9] 12.Non-Current Liabilities (D1+D2+D3+D4+D5) 1.309 0 0 7.437 582.058 30.927 93.41 8.000 319.797.581 0 0 6.172 204.Current Liabilities (C1+C2) 1.095.09 8.523 133.Contractual Liabilities (G2+C1) H.93 17.711 118.463 431.517 557.805.414 142.Net profit margin (F7 as % of F1) 15.570 4.103 479.910.446 0 1.10 3.332 809.11 1.341 141.546) 581.Return of equity (F7 as % of avg.439 350.837 90.416.483 63.65 5.17 6.268 837.469 11.Intangible assets 6.302 209./share) (E/No.Current Assets (B1+B2+B3+B4+B5) 1.Operation: 1.Sales i).349 461.707 393.512 151.556 63. E) 10.Cost of sales i).320 114.33 37.19 89.337 0 1.52 0.989 167.718 8.251 470. wages and employee benefits 6.774 5.354 303.022 25.137 178.703 127.639 60.588 128.515 392.000 0 0 5. administrative and other expenses i).771.Miscellaneous 1.89 2.189 (747.Administrative and other expenses 5.Acid test or quick ratio[(B1+B3+B4) to C] 2.345 0 3.28 3.211 253.566 3.Operating cash flow to debt ratio [F11 to (C+D)] 16.Depreciation for the year 5.561 91.336 688.520 3.Selling & distribution expenses ii).576 116.45 52.355.961 425.827 1.298 73.589 317.070 4.Financial expenses as % of sales (F6 as % of F1) 3.337 0 - 2.460 4.800 72.868 207.028.Other current assets C.026 28.367 138.350 - F.033 374.64 2.972 232.755 0 2.42 3.581 293.62 23.211 0 1.048 1.229 1. G1) 11.275 0 1.Net profit before tax 8.599 1.830 1.297 112.003 227./share) [(F7-F8)/No.Gross Profit 4.268.747 253.Preference shares 2.Reserves i).432 9.703 470.Inventories 3.223.164 146.125 0 215.395 152.017.345 1.Long term secured loans 2.779 120.614 6.Total capital employed (E+D) 2.75 1.36 2.Financial expenses of which: (i) Interest expenses 7.Operating fixed assets after deducting accumulated depreciation 4.682 291.798 73.373 674.541 522.41 10.036 63.Issued.303 14. Subscribed & Paid up capital i).03 2.602 90.39 12.577 78.261 198.29 0.Total amount of dividend 10.038 4.281 765.947 0 619.770 1.Non-Current Assets (A1+A3+A5+A6+A7) 1.Total fixed liabilities (D1+D3) 3.60 3.023 936.424.387.202 0 1.636.12 1.154 215.044 97.49 6.379 1.128 52.047 63.21 0.279.17 1.314.422 84.587 705.20 41.740 47.331 137.931 142.975.366.21 0.Shareholders Equity (E1+E2+E3) 1.288 1.439.396 39.Interest cover ratio [(F7+ F6(i)) to F6(i)] 14.00 5.586 292.742 751.804 1.29 4.770.038 0 3.76 36.826 116.283 90.742 235.74 4.15 9.253 1.Other non-current liabilities E.853 19.Assets turnover ratio [F1 to (A+B)] 5.Return on assets [F7 as % of avg.64 15.Long term investments 7.077 3.309 342.27 96.43 8.84 0.891 63.07 0.Retention in business (F7-F8-F9) 4.101 39.Financial Statement Analysis of Non Financial Sector 2013 Mehran Sugar Mills Ltd.65 2.125 118.128 302.854.193 1.281 316.005.349 416.78 6.690 0 766.Operating fixed assets at cost 3.722 77.Local sales (Net) ii).924 148.838 172.Short term investments 5.94 87.209 5.150.01 16.750 1.725.137 143.053 136.568 0 216.39 1.414 0 0 G.256 482.380.54 2.758 50.261 1.Revenue Reserve 3.750 1.17 21.948 1.Trade Debt 4.992 707.82 10.Break-up value shares (Rs.36 0.019 999.30 5.589 516.Surplus on revaluation of fixed assets (Thousand Rupees) 2012 2013 2008 2009 2010 2011 425.(A+B)] 9.24 2.842 184.446 474.333 64.156 36.773.62 38.Salaries.General.631 199.37 28.344 35.92 2.Debt equity ratio [(C+D) to E] 8.15 2.481 157.Other input cost 3.636 8.088 41.507 145.671 577.368 113.683 162.355.511 175.43 0.Return on capital employed ( F7 as % of avg.17 1.213 392.32 22.264.03 54.211 43.89 83.290 182.281 556.787.25 0.068 144.135 991.835 4.Inventory Turnover Ratio (F1 to B2) 13.406 353.405 792.270.Export Sales (Net) 2.518 888.51 75.298.288 4.21 3.681 118.925 175.038 237.70 2.266 0 829.438 55.595 51.202.281 152.56 0.878 173.35 21.564 359.79 4.931 0 379.Capital Reserve ii).336 34.504 301.092.24 19.211 78.640 1.34 7.438 98.829.82 16.462 65.250 1.11 0.76 5.017 303.010 241.838 472.023 38.01 90.587 636.972 0 0 5.96 1.200 5.470 3.492 378.767.91 17.213 1.497 0 174.Short term Secured loans 2.Trade Debt as % of sales (B3 as % of F1) 4.387.22 0.713 27.736 1.99 4.841.90 4.972 2.042 5.174.Earning per share after tax (Rs.943 1.284 1.994.Ordinary Shares ii).884 34.05 7.32 2. A.Current ratio (B to C) 6.899 0 376.750.45 45.499 473.Other non-current assets B.86 91.317 2.Cash & bank balance 2.14 21.496 45.266 209.80 1.378 1.132.693 5.320.Cost of material ii). shares) 3. of Ord.16 63.Other current liabilities D.Long term unsecured loans 3.02 39.185 0 505.947 172.511 0 127.13 5.658 437.643 4.308 112.548 253.094 1.103 333.385.393 186.087 175.Employees benefit obligations 5.Cost of goods sold to sales (F2 as % of F1) 7.Key Performance Indicators 1.038.13 0.664 983.Tax expense