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Balance Sheets
Balance Sheet 2001 2002 2003 2004 2001 2002 2003 2004
Common-Size (%)
Cash & Equivalents 1,072,340 787,494 917,421 163,123 19.03 12.44 11.31 1.28
Accounts & other 856,887 1,058,292 1,234,174 4,215,499 15.21 16.72 15.21 33.06
receivables
Inventories 209,229 350,552 501,789 639,328 3.71 5.54 6.18 5.01
Other Debt Balances 216,148 256,513 228,055 648,604 3.84 4.05 2.81 5.09
Total Current Assets 2,356,605 2,454,853 2,883,442 5,668,558 41.82 38.78 35.54 44.45
Fixed Assets (Net) 2,349,758 2,862,359 3,610,567 5,518,146 41.70 45.22 44.50 43.27
Construction in progress 762,723 842,661 1,378,012 1,177,638 13.53 13.31 16.98 9.23
Long Term Investment 88,618 82,372 86,993 121,199 1.57 1.30 1.07 0.95
Other Assets 77,554 87,190 154,488 266,701 1.38 1.38 1.90 2.09
Total Assets 5,635,258 6,329,435 8,113,502 12,752,242 100.00 100.00 100.00 100.00
Long term debt 1461530 1737873 2701129 3788512 25.94 27.47 33.30 29.71
Minority interest 783069 876293 1145553 1486917 13.90 13.85 14.12 11.66
Share Capital 825000 952875 952875 952875 14.65 15.06 11.75 7.47
Retained Earnings & Reserves 421505 486596 1205354 2091472 7.48 7.69 14.86 16.40
Total Liabilities and Equity 5,633,257 6,327,433 8,111,499 12,750,238 100.00 100.00 100.00 100.00
Common-Size (%)
Net Sales 2,414,703 2,910,835 4,403,144 8,555,794 100.00 100.00 100.00 100.00
Operating Costs 1,657,168 2,151,387 3,193,482 6,200,932 68.63 73.91 72.53 72.48
Gross Profit 757,536 759,448 1,209,662 2,354,862 31.37 26.09 27.47 27.52
Admin. & General Expenses 155,677 169,768 264,510 522,681 6.45 5.83 6.01 6.11
Interest Income 30,670 66,723 9,971 14,889 1.27 2.29 0.23 0.17
Other Income 55,876 101,263 259,036 123,523 2.31 3.48 5.88 1.44
Interest Expense 178,606 282,361 263,382 329,583 7.40 9.70 5.98 3.85
Other Expense - - - - - - - -
Net Operating Profit 509,799 475,305 950,777 1,641,010 21.11 16.33 21.59 19.18
Minority Interest 142,209 102,062 265,959 402,790 5.89 3.51 6.04 4.71
Elimination Inter-Co-profit 53,213 425 97,895 59,720 2.20 0.01 2.22 0.70
Net Profit after taxes 303,766 363,852 558,286 1,101,288 12.58 12.50 12.68 12.87
Indexed (%)
Cash & Equivalents 1,072,340 787,494 917,421 163,123 100 73.44 116.50 17.78
Accounts & other 856,887 1,058,292 1,234,174 4,215,499 100 123.50 116.62 341.56
receivables
Inventories 209,229 350,552 501,789 639,328 100 167.54 143.14 127.41
Other Debt Balances 216,148 256,513 228,055 648,604 100 118.67 88.91 284.41
Total Current Assets 2,356,605 2,454,853 2,883,442 5,668,558 100 104.17 117.46 196.59
Fixed Assets (Net) 2,349,758 2,862,359 3,610,567 5,518,146 100 121.82 126.14 152.83
Construction in progress 762,723 842,661 1,378,012 1,177,638 100 110.48 163.53 85.46
Long Term Investment 88,618 82,372 86,993 121,199 100 92.95 105.61 139.32
Other Assets 77,554 87,190 154,488 266,701 100 112.42 177.19 172.64
Total Assets 5,635,258 6,329,435 8,113,502 12,752,242 100 112.32 128.19 157.17
Base Year
Long term debt 1461530 1737873 2701129 3788512 100 118.91 184.82 259.22
Minority interest 783069 876293 1145553 1486917 100 111.90 146.29 189.88
Share Capital 825000 952875 952875 952875 100 115.50 115.50 115.50
Retained Earnings & Reserves 421505 486596 1205354 2091472 100 115.44 285.96 496.19
Total Liabilities and Equity 5,633,257 6,327,433 8,111,499 12,750,238 100 112.32 143.99 226.34
Base Year