STATEMENT OF FINANCIAL POITION

FOR THE YEAR 2016 -2019

ANCHROMA LIFE INSURANCE NOTES 2016
BALANCE SHEET
Non - current assets
Property, plant and equipment 5 1,815,404
Long term loans 6 6138
Long term deposits 3046
Long term prepayments 1894
total non current assets 1826482
current assets
Stores and spares 7 32621
Stock-in-trade 8 1641480
Trade debts 9 2755252
loan and advances 10 10722
trade deposits and short term prepayments 11 49322
orther receivables 12 2,003,150
taxation-net 27285
cash and bank balances 13 337515
total current assets 6857347
tota assets 8683829
share capital 14 341179
revenue reserves 3248000
unappropriated profit 1798233
shareholders equity 5387412
LIABILITIES
deferred taxtion 15 113729
deferred liablities 16 186892
liabilities against assetssubject to finance lese 17 51069
liabilities against assetssubject to musharka lease _
current libilities
trade and other pyables 18 2312853
mark up accrued 19 7173
short term borrowings 20 604765
Current portion of liabilities against assets subject to finance lease 21 19936
Current portion of liabilities against assets subject to musharaka lease _
unclaimed dividend _
total current liabilities 2944272
TOTAL EQUITY AND LIABILITIES 8683829
 2017 2018 2019

1744273 1952688 1914464

1791 573 107
5387 6155 6095
4067 1858 1073
1755518 1961274 1921739

40243 45436 49357

2,107,644 2694526 3056054
3165832 3733326 3916346
8661 3416 448
59073 48425 57692
1954007 1770487 1714250
72031 172033 147948
587885 532105 598957
7995376 8999754 9541052
9750894 10961028 11462791
341179 341179 341179
2808000 2968000 3096000
1868467 1496033 1680258
5017646 4805212 5117437

152903 127456 59581

13956 14164 63189
44447 22886 9412
37826 69184 81160

2711450 3293095 3027570

11262 404444 81986
1732030 2489701 2920070
21933 17368 12243
7441 16053 24157
44790 65465 65986
4484116 5922126 6132012
9750894 10961028 11462791
 STATEMENT OF PROFIT AND LOSS
FOR THE YEAR 2016 -2019
ANCHROMA LIFE INSURANCE notes 2016
INCOME STATEMENT
sales 12473706
discount and comission 667311
sales tax 456168
net sales 23 11350227
cost of good solds 24 7680189
gross profit 3670038
distribution and marketing expense 25 762766
admiistrtive expense 26 325988
impairment loss on trade debts _
other expenses 29 186480
other income 30 53907
finance cost 3 128319
profit before taxation 2320392
taxation -net 32 600361
profit for the year 1720031
 2017 2018 2019

13226370 15204083 18955833

693719 604638 822985
289936 309357 779798
12242715 14290089 17353050
8377749 9771812 12006899
3864966 4518277 5346151
841291 1480214 17744329
490662 498733 507625
_ 60178 143406
178610 129041 136490
21464 23808 15978
135483 429939 680270
2240384 1943980 2150019
618911 407704 427639
1621473 1536276 1722380
 HORIZONTAL ANALYSIS OF BALANCE SHEET
BALANCE SHEET
Non - current assets
Property, plant and equipment
Long term loans
Long term deposits
Long term prepayments
total current assets
current assets
Stores and spares
Stock-in-trade
Trade debts
loan and advances
trade deposits and short term prepayments
orther receivables
taxation-net
cash and bank balances
total current assets
tota assets
share capital
revenue reserves
unappropriated profit
shareholders equity
LIABILITIES
deferred taxtion
deferred liablities
liabilities against assetssubject to finance lese
liabilities against assetssubject to musharka lease
current libilities
trade and other pyables
mark up accrued
short term borrowings
Current portion of liabilities against assets subject to finance lease
Current portion of liabilities against assets subject to musharaka lease
unclaimed dividend
total current liabilities
TOTAL EQUITY AND LIABILITIES
2017vs2016 2018vs 2017 2019vs 2018

-3.92% 11.95% -1.96%

-70.82% -68.01% -81.33%
76.85% 14.26% -0.97%
114.73% -54.32% -42.25%
-3.89% 11.72% -2.02%

23.37% 12.90% 8.63%

28.40% 27.85% 13.42%
14.90% 17.93% 4.90%
23.80% -60.56% -86.89%
19.77% -18.03% 19.14%
163.99% -9.39% -3.18%
163.99% 138.83% -14.00%
74.18% -9.49% 12.56%
16.60% 12.56% 6.01%
12.29% 12.41% 4.58%
0.00% 0.00% 0.00%
-13.55% 5.70% 4.31%
3.91% -19.93% 12.31%
-6.86% -4.23% 6.50%

34.45% -16.64% -53.25%

-92.53% 1.49% 346.12%
-12.97% -48.51% -58.87%
82.90% 17.31%

17.23% 21.45% -8.06%

57.01% 3491.23% -79.73%
186.40% 43.74% 17.29%
10.02% -20.81% -29.51%
_ 115.74% 50.48%
_ 46.16% 0.80%
52.30% 32.07% 3.54%
12.29% 12.41% 4.58%
 HORIZONTAL ANLYSIS OF INCOME STATEMENT
INCOME STATEMENT
sales
discount and comission
sales tax
net sales
cost of good solds
gross profit
distribution and marketing expense
admiistrtive expense
impairment loss on trade debts
other expenses
other income
finance cost
profit before taxation
taxation -net
profit for the year
2017vs2016 2018vs2017 2019vs2018
6.03% 14.95% 24.68%
3.96% -12.84% 36.11%
-36.44% 6.70% 152.07%
7.86% 16.72% 21.43%
9.08% 16.64% 22.87%
5.31% 16.90% 18.32%
10.29% 75.95% 1098.77%
50.52% 1.64% 1.78%
138.30%
-4.22% -27.75% 5.77%
-60.18% 10.92% -32.89%
5.58% 217.34% 58.22%
-3.45% -13.23% 10.60%
3.09% -34.13% 4.89%
-5.73% -5.25% 12.11%
 VERTICAL ANLYSIS OF BALANCE SHEET
BALANCE SHEET
Non - current assets
Property, plant and equipment
Long term loans
Long term deposits
Long term prepayments
total current assets
current assets
Stores and spares
Stock-in-trade
Trade debts
loan and advances
trade deposits and short term prepayments
orther receivables
taxation-net
cash and bank balances
total current assets
tota assets
share capital
revenue reserves
unappropriated profit
shareholders equity
LIABILITIES
deferred taxtion
deferred liablities
liabilities against assetssubject to finance lese
liabilities against assetssubject to musharka lease
current libilities
trade and other pyables
mark up accrued
short term borrowings
Current portion of liabilities against assets subject to finance lease
Current portion of liabilities against assets subject to musharaka lease
unclaimed dividend
total current liabilities
TOTAL EQUITY AND LIABILITIES
 2016 2017 2018 2019

20.91% 17.89% 17.81% 16.70%

0.07% 0.02% 0.01% 0.00%
0.09% 0.06% 0.06% 0.05%
0.02% 0.04% 0.02% 0.01%
21.03% 18.00% 17.89% 16.77%

0.38% 0.41% 0.41% 0.43%

18.90% 21.61% 24.58% 26.66%
31.73% 32.47% 34.06% 34.17%
0.12% 0.09% 0.03% 0.00%
0.57% 0.61% 0.44% 0.50%
23.07% 20.04% 16.15% 14.95%
0.31% 0.74% 1.57% 1.29%
3.89% 6.03% 4.85% 5.23%
78.97% 82.00% 82.11% 83.23%
100.00% 100.00% 100.00% 100.00%
3.93% 3.50% 3.11% 2.98%
37.40% 28.80% 27.08% 27.01%
20.71% 19.16% 13.65% 14.66%
62.04% 51.46% 43.84% 44.64%

1.31% 1.57% 1.16% 0.52%

2.15% 0.14% 0.13% 0.55%
0.59% 0.46% 0.21% 0.08%
0.39% 0.63% 0.71%

26.63% 27.81% 30.04% 26.41%

0.08% 0.12% 3.69% 0.72%
6.96% 17.76% 22.71% 25.47%
0.23% 0.22% 0.16% 0.11%
_ 0.08% 0.15% 0.21%
_ 0.46% 0.60% 0.58%
33.91% 45.99% 54.03% _
100.00% 100.00% 100.00% 100.00%
 RATIO ANALYSIS

LIQUIDITY RATIOS
1 CURRENT RATIO

2016 2017
Current Assets 6857347 7995376
Current liabilities 2944272 4484116
Current ratio 2.33 1.78

2 QUICK RATIO
2016 2017
quick assets 5215867 5,887,732
Current liabilities 2944272 4484116
Quick ratio 1.77 1.31

ACTIVITY RATIOS

inventory turnover
2016 2017
cost of good sold 7680189 8377749
inventory 1641480 2,107,644
inventory turnover 4.68 3.97
Average collection peroid

2016 2017
Account receivables 2755252 3165832
sales per day 34174.53699 36236.63
Average collection peroid 80.6 87.4

total asset turnover

2016 2017
sales 12473706 13226370
total assets 8683829 9750894
total asset turnover 1.44 1.36

average payment period

2016 2017
account payables 2312853 2711450
average purchase per day 7419693 7,911,585
average payment period 0.31 0.34

DEBT ANALLYSIS
DEBT RATIO
2016 2017
total liabilities 8683829 9750894
total assets 8683829 9750894
DEBT RATIO 1 1

time interest earned ratio

2016 2017
EBIT 2320392 2240384
interest 128319 135483
time intrest earned ratio 18.08 16.54

fixed payment coverage ratio

2016 2017
earning before interest +lease payments 2371461 2284831
interst +lease payments 179388 179930
priciple +preferred dividend 9184 7178
T 0.26 0.28
(1-T) 0.74 0.72
1/(1-T) 1.35 1.38
principle + preferreed dividend *[1(1-T)] 12389.59 9917.82
interst +lease payments +{(princ+preferred dividend )*[1/1-T] 191777.5907 189847.82

fixed paymemt coverage ratio 12.37 12.04

PROFITABILITY RATIOS

gross profit margin

2016 2017
gross profit 3670038 3864966
sale 12473706 13226370
gross profit margin 0.29 0.29

operating profit margin

2016 2017
operating profit 2581284 2533013
sales 12473706 13226370
operating profit margin 0.21 0.19

net profit margin

2106 2017
earning avaliable for common stakeholder 1720031 1621473
sales 12473706 13226370
net profit margin 0.14 0.12

earning per share

2016 2017
earning avaliable for common stakeholder 1720031 1621473
no of shares of common stocholder 34120.83 34114.72
earning per share 50.4 47.5
return on total assets
2016 2017
earning avaliable for common stakeholder 1720031 1621473
total assets 19936 21933
return on total assets 86.3 73.9

return on common equity

2016 2017
earning avaliable for common stakeholder 1720031 1621473
common stock equity 5,387,412 5017646
return on common equity 0.32 0.32
MARKET ANALYSIS

PRICE EARNING RATIO

2016 2017

MARKET PRICE PER SHARE 591 657

EARNING PER SHARE 50.41 47.53
PRICE EARNING RATIO 11.72 13.82

market book ratio

2016 2017

MARKET PRICE PER SHARE 591 657

book value per share 158 147
market book ratio 3.74 4.47
 2.50
Current ratio
2.00

1.50

1.00
2018 2019
8999754 9541052 0.50
5922126 6132012
1.52 1.56 0.00
2016 2017 2018 20

Quick ratio
2018 2019
2.00
6305228 6484998
1.80
5922126 6132012 1.60
1.06 1.06 1.40
1.20
1.00
0.80
0.60
0.40
0.20
0.00
2016 2017 2018 2019

inventory turnover
5.00
4.50
4.00
3.50
2018 2019
3.00
9771812 12006899
2.50
2694526 3056054
2.00
3.63 3.93
1.50
1.00
0.50
0.00
2016 2017 2018 2019
 Average collection peroid
95.0
2018 2019 90.0
3733326 3916346
41655.022 51933.789 85.0

89.6 75.4 80.0

75.0

70.0

65.0
2016 2017 2018 201

total asset turnover

2018 2019 1.80
15204083 18955833 1.60
10961028 11462791 1.40
1.20
1.39 1.65
1.00
0.80
0.60
0.40
0.20
0.00
2016 2017 2018 2019

average payment period

0.40
2018 2019 0.35
3293095 3027570 0.30
9204318 12368427 0.25
0.36 0.24 0.20
0.15
0.10
0.05
0.00
2016 2017 2018 2019

DEBT RATIO
1.2

0.8
 DEBT RATIO
1.2

2018 2019 1
10961028 11462791 0.8
10961028 11462791
0.6
1 1
0.4

0.2

0
2016 2017 2018 2019

time intrest earned ratio

2018 2019 20.00
18.00
1943980 2150019 16.00
429939 680270 14.00
4.52 3.16 12.00
10.00
8.00
6.00
4.00
2.00
0.00
2016 2017 2018 2019

fixed paymemt coverage ratio

2018 2019 14.00
1966866 2159431 12.00
10.00
452825 689682
8.00
6728 6202 6.00
0.21 0.20 4.00
0.79 0.80 2.00
1.27 1.25 0.00
2016 2017 2018 2019
8513.51 7741.86
461338.51 697423.856

4.26 3.10

gross profit margin

0.30
0.30
2018 2019 0.29
4518277 5346151 0.29
15204083 18955833 0.28
0.28
0.27
2016 2017 2018 2019
 0.30
0.29
0.29
0.28
0.30 0.28 0.28
0.27
2016 2017 2018 2019

operating profit margin

1.40
1.20

2018 2019 1.00

0.80
2539330 23598105
0.60
15204083 18955833
0.40
0.17 1.24
0.20
0.00
2016 2017 2018 2019

net profit margin

0.16
0.14
2018 2019 0.12
1536276 1722380 0.10
0.08
15204083 18955833 0.06
0.10 0.09 0.04
0.02
0.00
2106 2017 2018 2019

2018 2019
1536276 1722380
34116.72 34120.04
45.0 50.5 earning per share
51.0
50.0
49.0
48.0
47.0
46.0
45.0
44.0
43.0
42.0
2016 2017 2018 2019
 return on total assets
2018 2019 160.0
1536276 1722380
140.0
17368 12243
88.5 140.7 120.0

100.0

80.0

60.0

40.0

20.0

0.0
2016 2017 2018

return on common equity

0.34

0.34

0.33
2018 2019
1536276 1722380 0.33
4805212 5117437
0.32 0.34
0.32

0.32

0.31
2016 2017 2018
 PRICE EARNING RATIO
16.00

14.00

12.00

10.00
2018 2019 8.00

6.00
515 475
4.00
45.03 50.48
11.44 9.41 2.00

0.00
2016 2017 2018

2018 2019

515 475 market book ratio

141 150 5.00
3.65 3.17 4.50
4.00
3.50
3.00
2.50
2.00
1.50
1.00
0.50
0.00
2016 2017 2018 2019
3.00
2.50
2.00
1.50
1.00
0.50
0.00
2016 2017 2018 2019
atio

2018 2019

2018 2019

nover

2018 2019
tion peroid

2018 2019

urnover

2018 2019

od

2019
18 2019

ed ratio

2018 2019

in

2018 2019
2018 2019

fit margin

2018 2019

t margin

2018 2019

2018 2019
al assets

2018 2019

mmon equity

2018 2019
NG RATIO

2018 2019

2018 2019
2018 2019
 VERTICAL ANLYSIS OF INCOME STATEMENT
INCOME STATEMENT
sales
discount and comission
sales tax
net sales
cost of good solds
gross profit
distribution and marketing expense
admiistrtive expense
impairment loss on trade debts
other expenses
other income
finance cost
profit before taxation
taxation -net
profit for the year
 2016 2017 2018
100.00% 100.00% 100.00% 100.00%
5.35% 5.24% 3.98% 4.34%
3.66% 2.19% 2.03% 4.11%
90.99% 92.56% 93.99% 91.54%
61.57% 63.34% 64.27% 63.34%
29.42% 29.22% 29.72% 28.20%
6.11% 6.36% 9.74% 93.61%
2.61% 3.71% 3.28% 2.68%
_ 0.40% 0.76%
1.49% 1.35% 0.85% 0.72%
0.43% 0.16% 0.16% 0.08%
1.03% 1.02% 2.83% 3.59%
18.60% 16.94% 12.79% 11.34%
4.81% 4.68% 2.68% 2.26%
13.79% 12.26% 10.10% 9.09%