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Financial analysis Honda atlas cars Pakistan(2009)

Common Size Analysis of Balance Sheet


Common
Size (%)

Regular (in
Thousands)
ASSETS

Year 2008

Year
2009

Year 2010

Year
2008

Year
2009

Year
2010

property, plant
and equipment

4,082,955

3,864,527

5,190,535

49%

57%

52%

intangible
asses

65,903

64,636

195,830

1%

1%

2%

capital work-inprogress

191,842

80,746

19,226

2%

1%

0%

long term
loans, advance
and deposits

32,196

33,141

35,545

0%

0%

0%

deferred
taxation

251,008

338,165

571,214

3%

5%

6%

NONCURRENT
ASSETS

4,623,904

4,381,215

6,012,350

56%

64%

60%

stores and
spares

50,316

83,101

101,942

1%

1%

1%

stock-in-trade

2,704,946

1,612,696

2,954,091

33%

24%

30%

trade and other


receivables

706,092

507,852

853,218

9%

7%

9%

cash and bank


balances

219,859

231,880

20,487

3%

3%

0%

CURRENT
ASSETS

3,681,213

2,435,529

3,929,738

44%

36%

40%

TOTAL
ASSETS

8,305,117

6,816,744

9,942,088

100%

100%

100%

Common
Size (%)

Regular (in
Thousands)
equity and
liabilities

Year 2008

Year
2009

Year 2010

Year
2008

Year
2009

Year
2010

authorised
capital

750,000

2,000,000

2,000,000

9%

29%

20%

issued,
subscribed and
paid up capital

714,000

1,428,000

1,428,000

9%

21%

14%

reserves

1,991,000

1,727,000

1,801,500

24%

25%

18%

unappropriated
profit

-264,332

74,678

-401,655

-3%

1%

-4%

SHARE
CAPITAL AND
RESERVES

2,440,668

3,229,678

2,827,845

29%

47%

28%

NON-CURRENT
LIABILITIES

1,958,334

500,000

1,500,000

24%

7%

15%

current portion
of long term
finances

583,333

7%

0%

0%

2,151,601

0%

0%

22%

short term
borrowings
mark up accrued
on loans and
other payables

39,627

32,029

75,048

0%

0%

1%

trade and other


payables

3,283,155

3,055,037

3,387,594

40%

45%

34%

CURRENT
LIABILITIES

3,906,115

3,087,066

5,614,243

47%

45%

56%

TOTAL EQUITY
AND
LIABILITIES

8,305,117

6,816,744

9,942,088

100%

100%

100%

Index Analysis of Balance Sheet


Regular (in
Indexed (%)

Thousands)

Year

Year

Year

Year 2008

Year
2009

Year 2010

2008

2009

2010

equipment

4,082,955

3,864,527

5,190,535

100%

95%

127%

intangible asses

65,903

64,636

195,830

100%

98%

297%

191,842

80,746

19,226

100%

42%

10%

deposits

32,196

33,141

35,545

100%

103%

110%

deferred taxation

251,008

338,165

571,214

100%

135%

228%

ASSETS

4,623,904

4,381,215

6,012,350

100%

95%

130%

stores and spares

50,316

83,101

101,942

100%

165%

203%

stock-in-trade

2,704,946

1,612,696

2,954,091

100%

60%

109%

706,092

507,852

853,218

100%

72%

121%

219,859

231,880

20,487

100%

105%

9%

ASSETS

3,681,213

2,435,529

3,929,738

100%

66%

107%

TOTAL ASSETS

8,305,117

6,816,744

9,942,088

100%

82%

120%

ASSETS
property, plant and

capital work-inprogress
long term loans,
advance and

NON-CURRENT

trade and other


receivables
cash and bank
balances
CURRENT

Regular (in
Thousands)

Indexed (%)
Year

Year

Year

equity and liabilities

Year 2008

Year
2009

Year 2010

2008

2009

2010

authorised capital

750,000

2,000,000

2,000,000

100%

267%

267%

714,000

1,428,000

1,428,000

100%

200%

200%

issued, subscribed
and paid up capital

reserves

1,991,000

1,727,000

1,801,500

100%

87%

90%

unappropriated profit

-264,332

74,678

-401,655

100%

-28%

152%

2,440,668

3,229,678

2,827,845

100%

132%

116%

1,958,334

500,000

1,500,000

100%

26%

77%

100%

0%

0%

SHARE CAPITAL
AND RESERVES
NON-CURRENT
LIABILITIES
current portion of
long term finances

583,333

short term
borrowings

2,151,601

100%

mark up accrued on
loans and other
payables

39,627

32,029

75,048

100%

81%

189%

3,283,155

3,055,037

3,387,594

100%

93%

103%

3,906,115

3,087,066

5,614,243

100%

79%

144%

8,305,117

6,816,744

9,942,088

100%

82%

120%

trade and other


payables
CURRENT
LIABILITIES
TOTAL EQUITY
AND LIABILITIES

Common Size Analysis of Income Statement


Regular (in

Common Size

Thousands)

(%)
Year

Year

Year

Income Statement

Year 2008

Year 2009

Year 2010

2008

2009

2010

Sales

17,055,115

14,715,495

14,149,646

100%

100%

100%

Cost of Sales

16,955,181

14,088,001

13,973,144

99%

96%

99%

Gross Profit

99,934

627,494

176,502

1%

4%

1%

214,889

209,677

190,088

1%

1%

1%

147,274

139,163

139,749

1%

1%

1%

150,585

23,589

64,844

1%

0%

0%

64,514

4,975

311,025

0%

0%

2%

Operations

176,158

297,268

399,516

1%

2%

3%

Less: Finance Cost

305,491

233,651

222,769

2%

2%

2%

taxtation

481,649

63,617

622,285

3%

0%

4%

Taxation

217,109

11,393

220,452

1%

0%

2%

264,540

75,010

401,833

2%

1%

3%

2.08

0.55

2.81

Less: Distribution
and Marketing Costs
Less: Administrative
Expenses
Add: Other
Operating Income
Less: Other
Operating Expenses
Profit/Loss from

Profit/Loss before

Profit/Loss after
taxation
Earnings per Share
(rupees)

Index Analysis of Income Statement


Regular (in

Common Size

Thousands)

(%)
Year

Year

Year

Income Statement

Year 2008

Year 2009

Year 2010

2008

2009

2010

Sales

17,055,115

14,715,495

14,149,646

100%

86%

83%

Cost of Sales

16,955,181

14,088,001

13,973,144

100%

83%

82%

Gross Profit

99,934

627,494

176,502

100%

628%

177%

214,889

209,677

190,088

100%

98%

88%

147,274

139,163

139,749

100%

94%

95%

150,585

23,589

64,844

100%

16%

43%

64,514

4,975

311,025

100%

8%

482%

Operations

176,158

297,268

399,516

100%

169%

227%

Less: Finance Cost

305,491

233,651

222,769

100%

76%

73%

taxtation

481,649

63,617

622,285

100%

13%

129%

Taxation

217,109

11,393

220,452

100%

5%

102%

264,540

75,010

401,833

100%

28%

152%

2.08

0.55

2.81

Less: Distribution
and Marketing Costs
Less: Administrative
Expenses
Add: Other
Operating Income
Less: Other
Operating Expenses
Profit/Loss from

Profit/Loss before

Profit/Loss after
taxation
Earnings per Share
(rupees)