Balance Sheet

2016 2017 2018

Rs 000s Rs 000s Rs 000s
ASSETS
Non-current Assets
Property, plant & equipment 1,866,455 1,701,285 1,661,132
Right-of-use Asset
Intangible Assets 873 1,041 2,706
Investment in an associate
Long-term Investments
Long-term loans and advances 6,186 6,479 5,572
Long-term deposits and prepayments 13,643 13,643 13,643
Deferred taxation - net 5,106 39,388
1,887,157 1,727,554 1,722,441
Current Assets
Stores 48,808 51,173 52,020
Stock-in-trade 2,644,100 2,406,335 2,879,645
Trade debts 707,359 683,932 582,001
Loans and advances 73,517 59,939 133,735
Short-term prepayments 165,263 198,227 399,052
Accrued Interest
Other receivables 29,405 23,175 31,095
Short-term Investments
Taxation - payment less provision 1,212,703 1,458,883 1,751,093
Cash and bank balances 50,440 15,844 254,648
4,931,595 4,897,508 6,083,289
TOTAL ASSETS 6,818,752 6,625,062 7,805,730

EQUITY AND LIABILITIES

Equity
Share capital 96,448 96,448 96,448
Share premium
General reserve 3,315,892 4,052,170 4,201,217
Unappropriated profit

Remeasurement of post employment benefits - Actuarial loss

Total equity 3,412,340 4,148,618 4,297,665
Liabilities
Non-current liability
Long term financing 500,000 - -
Liabilities against assets subject to finance lease - -
Deferred income tax liability 56,676 - -
556,676 - -
Current liabilities
Trade and other payables 2,168,257 2,203,713 3,499,761
contract liabilities
Accrued mark-up/interest 6,038 1,435 339
Short-term borrowings - secured 675,441 271,296 -
Current portion of non-current liabilities
current maturity of long term financing
Taxation
Unclaimed Dividend 7,965
2,849,736 2,476,444 3,508,065
Total liabilities 3,406,412 2,476,444 3,508,065

TOTAL EQUITY AND LIABILITIES 6,818,752 6,625,062 7,805,730

Competitor 1 Sanofi Aventis Pakistan Limited
Profit and Loss Account

2016 2017 2018

For the year
Rsended
000s 31Rs
December
000s Rs 000s
Sales

Sales tax
Net revenue 11,890,235 12,446,052 12,960,839
Cost of products sold (7,869,106) (8,010,281) (9,014,226)
Gross Profit 4,021,129 4,435,771 3,946,613
Distribution and marketing expenses (2,083,427) (2,136,935) (2,121,042)
Administrative expenses (310,457) (429,266) (467,589)
Other operating expenses (136,875) (352,986) (463,400)
Other income 76,345 64,981 46,056
Operating Profit 1,566,715 1,581,565 940,638
Finance costs (159,327) (35,409) (14,793)

Share of profit of associate - net of tax

Profit before taxation 1,407,388 1,546,156 925,845

Taxation (388,466) (540,035) (313,053)

(Loss)/Profit for the year 1,018,922 1,006,121 612,792

Other comprehensive income

Actuarial gain (21,009) (13,309) (80,032)
deferred tax on actuarial (loss)/gain on defined benefit plans 7,070 3,783 22,378
Total comprehensive (loss)/income for the year 1,004,983 996,595 555,138
(Loss)/Earnings per share 105.65 104.32 63.54
 As at year ended 31
2019 2020* 2020 2020* : Half year, at June 30 2020
Rs 000s Rs 000s Rs 000s

1,650,113 1,638,987
2,828 27,544
5,646 4,308

4,742 4,160
13,643 13,643
108,183 178,081
1,785,155 1,866,723

62,165 58,492
2,544,188 3,967,137
691,325 777,431
119,103 143,691
330,674 495,182

583,916 43,224

1,548,734 1,563,272
30,779 152,051
5,910,884 7,200,480
7,696,039 9,067,203

96,448 96,448

3,993,004 3,826,615

4,089,452 3,923,063
 246,321
1,592 1,900

1,592 248,221

3,054,420 4,099,930
79,594 52,402
12,883 7,946
447,553 626,004
1,407 18,130
82,107

9,138 9,380
3,604,995 4,895,899
3,606,587 5,144,120

7,696,039 9,067,183

ccount

2019 2020* 2021

r Rs000s Rs 000s Rs 000s

14,500,678 14,107,802
(10,775,718) (10,303,005)
3,724,960 3,804,797
(2,328,707) (1,978,071)
(519,540) (573,212)
(350,404) (365,032)
92,442 49,675
618,751 938,157
(72,372) (58,305)

546,379 879,852

(391,543) (386,785)
154,836 493,067

(148,346)
43,020 25,017
49,510 383,910
16.05 51.12