Hinopak Moto

Sector AUTOMOBIL
Statement of Fina

2022 2021
Assets
Non current assets
property plant and equipment 3792808 3546025
right-of-use assets 11192 16565
intangible asssets 18106 19515
Long term investments
long term loans and advances 40273 27382
long term deposits 7990 7358
Employee benefit prepayment 12573 17189
3882942 3634034
Current assests
inventories 1815805 2083760
trade receivables/Accounts receivables 447732 575086
loans and advances 36393 40835
trade deposit and prepayment 28126 33765
refund due from government sales tax 176166 145025
other receivables 9791 1615
Taxation payments less provision 938393 841705
Accrued markup
Cash and bank balances 2972370 396379
Total current assets 6424776 4118170
Total asets 16732494 11870374
Depreciation -256,619 -254,304

Equity and liabilities

Share capital and reserves
Share capital
Issue,subscribed and paid up capital 248011 248011
Capital reserve
Revaluation surplus on land and buildings 2118424 1942333
share premium 2771525 2771525
revenue reserve
general reserve 291000 291000
Uappropriated profit
accumulated loss -463298 -935260
 4965662 4317609

Liabilities
Non current liabilities
deferred taxation 126600 117645
employee benefit obliagations 35833 190487
lease liability 6777 14013
Total non-current liabilities 169210 322145

Current Liabilities
trade and other payables/Notes payable 2823819 1934338
advances from customers 2330264 1161659
short term borrowing secured
unclaimed dividend 12906 13235
Unpaid dividend
Provisions
current portion of lease liability 5857 3218
5172846 3112450
Total liabilities 5342056 3434595
Commitments
Total equity and liabilities 10307718 7752204
 Hinopak Motors Limited
or AUTOMOBILE ASSEMBLER
tatement of Financial Position

2020 2019 2018

3638786 3127741 3096033

3163 7769 13335

72
25063 24675 21452
7227 8112 7770
11750 17190
3685989 3185487 3138662

3837972 8038091 4935313

369410 959682 714935
17999 22545 23274
34486 89789 97616
518540 1112542 295743
14964 438
839063 832857 418426
6248
138607 49683 4838879
5771041 11105189 11330872
9457030 14290676 14469534
226193 -227,780 -211,138

124006 124006 124006

1975241 1810044 1848727

291000 291000 291000

1335362 3028366
-681159
1709088 3560412 5292099

165209 116926 123436

168020 181388 168377

333229 298314 291813

3315900 3343029 8393894

4115238 6766074 0
13305 13524 10997
178214
309323 302517

7444443 10431950 8885622

7777672 10730264 9177435

9486760 14290676 14469534

 Income State

2022 2021
Revenue from contracts with customers 12,530,886 9,132,180
Cost of sales -11,321,335 -8,444,807
Gross profit 1,209,551 687,373

Distribution cost -356,496 -310,098

Administrative expenses -375,981 -356,305
Other income 214,476 61,137
Other expenses -41,616
Reversal / (charge) of Impairment on trade receivables and deposits 16,622 -11,510
Operating profit/EBIT 666,556 70,597
Finance cost -101,772 -235,127
Profit / (loss) before income tax 564,784 -164,530
Income tax expense -147,654 -123,764
Profit / (loss) after income tax 417,130 -288,294
Income Statement

2020 2019 2018

13191060 19,130,839 26,615,071
-13361471 -18,017,525 -23,580,631
-170411 1,113,314 3,034,440

-351114 -379,128 -440,146

-355666 -378,831 -420,586
82889 147,640 300,789
-1,372 -125,947
-14917
-809219 501,623 2,348,550
-1034779 -1,021,797 -679,002
-1843998 -520,174 1,669,548
-210978 -353,123 -520,173
-2054976 -873,297 1,149,375
 Ratio Analysis

2022 2021 2020 2019 2018

Current asset 1.242019577 1.323128082 0.775214613 1.064536256 1.275191765
Quick ratio 0.890993275 0.653636203 0.259666035 0.294010036 0.719764919
DSO 13.04155029 22.98535399 10.22166907 18.30990946 9.804643204
Debt ratio 0.168762589 0.162955101 0.350628051 0.233930781 0.580108109
Fixed asset turnover 3.227162806 2.512959427 3.578703029 6.005624572 8.479750607
Liability to asset ratio 0.319262388 0.289341768 0.822422262 0.750857692 0.634259196
Equity to asset ratio 0.680737612 0.710658232 0.177577738 0.249142308 0.365740804
Time interest earned -6.54950281 -0.3002505 0.782021089 -0.490922365 -3.45882634
Gross profit margin 1.903474423 1.924730678 2.012918674 1.941805271 1.885987905
Net profit margin 0.033288149 -0.03156902 -0.155785509 -0.045648651 0.043185119
Operating profit margin 0.053193046 0.007730575 -0.061346018 0.026220648 0.088241358
Basic earning power 0.039836022 0.005947327 -0.085567985 0.035101419 0.162309996
Return on asset 0.024929338 -0.02428685 -0.217296128 -0.061109565 0.079434141
Return on equity 0.084002898 -0.06677168 -1.202381621 -0.24527976 0.21718698
Total assets turnover 0.748895293 0.769325381 1.394841721 1.338693775 1.83938688
Inventory turnover -6.376210001 -4.1747183 -3.422452795 -2.269855492 -4.8207214
nalysis