maple leaf cement company

Profit & loss A/c

for the period of 5 year
2009 2008 2007 2006 2005
Rs. (000) Rs. (000) Rs. (000) Rs. (000) Rs. (000)
Sales 15,251,374 7,815,829 3,711,081 5,709,792 4,290,734
Less Cost of sales (10,296,865) (6,491,999) (3,401,188) (3,561,212) (2,962,802)
Gross Profit 4,954,509 1,323,830 309,893 2,148,580 1,327,932
Other income 61,749 105,656 43,224 26,671 18,097
Distribution Cost (2,339,833) (834,849) (67,291) (20,961) (12,973)
Administrative Expenses (151,584) (121,236) (69,021) (60,474) (40,287)
other operating Expenses (42,251) (24,838) (18,371) (118,024) (59,714)
Finance Cost (3,400,241) (1,812,807) (338,453) (340,978) (205,677)
profit before taxation (917,651) (1,364,244) (140,019) 1,634,814 1,027,378
tax (65,319) 688,109 (182,066) (575,574) (299,928)
profit/(loss) after taxation (982,970) (676,135) (322,085) 1,059,240 727,450
 Fouji Coment Company Lucky Cement Company
Profit & Loss A/c Profit & Loss A/c
For the period of 5 year For the Period of 5 year
2009 2008 2007 2006 2005 2009 2008
Rs. (000) Rs. (000) Rs. (000) Rs. (000) Rs. (000) Rs. (000) Rs. (000)
5,314,538 3,545,902 3,463,283 4,286,138 2,845,143 26,330,404 16,957,879
3,627,110 2,887,790 2,371,788 2,095,027 1,763,567 (16,519,138) 12,600,706
1,687,428 658,112 1,091,495 2,191,111 1,081,576 9,811,266 4,357,173
190,424 107,574 73,835 43,324 112,156 23,255 1,293
(50,260) (53,383) (40,645) (31,695) (21,333) (2,427,837) (1,155,054)
(103,186) (76,495) (71,302) (66,629) (42,293) (165,936) (125,752)
(78,173) (34,290) (58,098) (94,127) (40,493) (826,776) (644,388)
(224,716) (146,954) (207,105) (264,297) (229,634) (1,236,971) (126,743)
1,421,517 454,564 788,180 1,777,687 859,979 5,177,001 2,306,529
(413,894) (40,966) (141,857) (573,952) (573,952) (580,452) (371,141)
1,007,623 413,598 646,323 1,203,735 286,027 4,596,549 1,935,388
ement Company Pioneer Cement Company
& Loss A/c Profit & Loss A/c
Period of 5 year For the period of 5 year
2007 2006 2005 2009 2008 2007 2006 2005
Rs. (000) Rs. (000) Rs. (000) Rs. (000) Rs. (000) Rs. (000) Rs. (000) Rs. (000)
12,521,861 8,054,101 3,980,109 5,000,235 4,853,764 3,131,487 3,075,922 2,009,430
8,846,708 5,073,797 2,600,589 3,667,343 4,340,151 2,813,309 1,845,284 1,372,012
3,675,153 2,980,304 1,379,520 1,332,892 513,613 318,178 1,230,638 637,418
629,289 203 1,141 28,047 30,630 11,687 71,163 27,193
(497,729) (103,489) (23,817) (359,975) (466,047) (54,474) (39,220) (32,662)
(111,311) (106,740) (61,355) (97,654) (89,978) (86,876) (73,999) (65,333)
(142,204) (134,493) (63,847) (277,539) (149,029) (7,108) (58,562) (51,952)
(862,847) (82,809) (21,691) (451,465) (413,203) (365,848) (196,949) (120,745)
2,690,351 2,552,976 1,209,951 174,306 (574,014) (184,441) 933,071 393,919
(143,059) (617,026) (383,364) (138,192) (394,043) (90,947) (257,089) (61,830)
2,547,292 1,935,950 826,587 36,114 (179,971) (93,494) 675,982 332,089
 DG Cement Pakistan
profit & loss A/c.
For the period of 5 years
2009 2008 2007 2006 2005
Rs. (000) Rs. (000) Rs. (000) Rs. (000) Rs. (000)
18,038,209 12,445,996 6,419,625 7,955,665 5,279,560
12,358,479 10,528,046 4,387,640 3,992,822 3,330,769
5,679,730 1,917,950 2,031,985 3,962,843 1,948,791
770,137 847,344 479,420 294,114 707,692
1,871,517 561,465 65,122 34,352 60,905
141,852 111,658 104,169 121,953 76,480
795,854 581,913 139,307 91,850 93,786
2,606,358 1,749,837 468,173 450,696 304,041
1,034,286 (239,579) 1,734,634 3,558,106 2,121,271
251,319 197,700 98,000 1,030,078 439,193
782,967 (41,879) 1,636,634 2,528,028 1,682,078
-
-
 Maple leaf cement company
Balance sheet
for the period of 5 year
2,009 2,008 2,007
Rs. (000) Rs. (000) Rs. (000)
Share Capital
Share Capital 4,264,108 4,264,108 4,264,108
Reserves 4,127,277 4,644,355 4,457,328
Acc. (Loss)/profit / surplus on asset rev. (1,673,584) (547,574) 271,601
6,717,801 8,360,889 8,993,037

Non Current Liabilities

Long Term Financing 7,200,000 9,000,000 -
Deferred Liabilities 18,990 16,688 13,192
Deferred tax - net 69,755 154,741 897,183
Retention money payable/ deposit 2,580 2,582 2,702
liability against shipment / lease finance 862,214 957,434 947,716
long term creditor - 35,224 250,000
long term loan 826,614 241,539 8,576,657
Current Liabilities
Trade & other payable 2,407,870 2,550,147 773,850
Markup accured 441,194 194,568 378,675
Short term barrowing 4,382,322 3,369,738 797,585
Current portion of long term financing 2,731,498 1,268,011 1,806,377
sales tax/tax payable - - -
Total Liability & equity 25,660,838 26,151,561 23,436,974

Fixed Assets - Tengible

Property Plant & equipment 20,381,478 20,081,448 19,330,866

Long term advances 12,998 386,951 10,951
Long term Deposit & prepayment 51,485 54,014 43,200
Current Assets
Stores, spare & loose tool 2,936,194 3,325,744 2,014,580
stock in Trade 650,914 433,952 369,709
Trade debt 682,244 743,366 194,587
Adv., deposit, pre. & other receivables 658,554 909,508 1,289,412
tax refund - - -
tax -net 162,058 44,907 14,029
Sales tax -net 16,797 57,769 37,742
current portion of long term deposit 8,184 9,768 8,539
Cash & bank balances 99,932 104,134 123,359
Total Assets 25,660,838 26,151,561 23,436,974
 Lucky Cement Company
Balance Sheet
For the Period of 5 year
2006 2,005 2009 2008 2007 2006
Rs. (000) Rs. (000) Rs. (000) Rs. (000) Rs. (000) Rs. (000)

3,519,581 3,248,844 3,233,750 3,233,750 2,633,750 2,633,750

2,807,562 2,285,225 20,018,222 15,421,673 6,719,800 4,435,883
972,594 756,393 0 0 0 0
7,299,737 6,290,462 23,251,972 18,655,423 9,353,550 7,069,633

7,868,948 2,199,356 4,300,000 6,633,333 8,329,012 10,156,595

10,250 8,513 234,633 174,171 147,245 181,623
875,609 328,571 1,478,490 1,058,998 1,515,535 1,435,622
77,123 6,572 28,589 30,252 25,863 27,269
12,226
-
-

752,172 432,048 2,677,356 3,549,543 1,546,699 1,451,086

279,112 38,646 233,381 288,977 326,181 190,130
947,160 589,843 6,187,941 3,606,710 2,864,397 645,872
639,247 530,957 - 241,667 1,615,152 2,382,576
31,828 4,005 0 0 127 82,371
18,793,412 10,428,973 38,392,362 34,239,074 25,723,761 23,622,777

16,088,505 8,462,382 30,476,872 25,881,375 20,318,908 19,165,108

24,522 20,390 55,373 - 0 0
15,923 6,142 2,175 2,175 2,175 2,175

1,684,467 1,008,370 3,411,549 4,160,146 1,927,731 1,267,000

200,946 183,217 1,196,608 709,372 676,256 431,418
163,459 92,597 1,267,248 720,314 476,667 98,389
480,041 151,519 177,888 1,191,834 493,997 571271
- - 538,812 538,812 538,812
- - 176,584 130,899 50,057 23,661
34,611 64,884 40,162 634,136 0 0
69,670
100,938 369,802 1,049,091 270,011 1,239,158 2,063,755
18,793,412 10,428,973 38,392,362 34,239,074 25,723,761 23,622,777
 pioneer cement company
Balance Sheet
For the Period of 5 year
2005 2009 2008 2007 2006 2005
Rs. (000) Rs. (000) Rs. (000) Rs. (000) Rs. (000) Rs. (000)

2,633,750 1,995,324 1,995,324 1,698,148 1,624,839 1,547,466

2,499,933 405,217 310,136 398,076 697,224 73,643
0 2,180,889 2,239,856 574,203 604,342 629,314
5,133,683 4,581,430 4,545,316 2,670,427 2,926,405 2,250,423

6,530,163 41,191 76,851 72,603 430,663 171,403

147,245 1,138,600 2,324,780 1,010,587 862,867 975,490
858,519 - - - 435,989 196,618
25,362 1,068 1,841 55,247 55,627 56,647
- - 486,577 454,070 274,644
8,731 15,114 21,497 29,008 -
1,087,583 1,701,777 2,293,709 1,812,063 1,973,151

614,532 629,132 874,450 676,322 666,706 778,440

125,021 226,748 110,932 72,176 42,463 54,993
786,543 524,929 378,836 99,720 - 20,000
585,768 2,069,927 435,427 1,150,772 658,885 117,376
0 38,395 7,265 860 30,250 18,730
14,806,836 - 10,347,734 10,472,589 8,610,497 8,404,996 6,887,915 -

13,462,150 9,254,674 9,570,865 7,510,640 7,683,391 6,381,731

0 7,563 8,721 7,248 5,064 6,718
2,175 64,920 108,001 159,164 98,809 36,783

528,593 506,050 427,193 416,586 375,858 287,119

335,385 146,066 68,691 150,294 96,757 56,825
115,771 37,402 40,124 29,717 12,490 18,944
187639 45,197 80,797 27,849 49,823 70,020
33,694 - - - - -
0 81,043 10,724 - 10,899 12,246
0 - - 3,507 - -
45,517 18,290 - - -
141,429 159,302 139,183 305,492 71,905 17,529
14,806,836 0 10,347,734 10,472,589 8,610,497 8,404,996 6,887,915 0
 Fouji Cement Company
Balance Sheet
For the period of 5 years
2,009 2,008 2,007 2,006 2,005
Rs. (000) Rs. (000) Rs. (000) Rs. (000) Rs. (000)

7,419,887 7,419,887 4,194,422 4,194,422 4,194,422

2,270,802 1,864,094 - - -
- - (459,216) (911,806) (1,744,796)
9,690,689 9,283,981 3,735,206 3,282,616 2,449,626

6,224,227 325,000 875,000 1,300,463 2,522,005

10,766 9,468 8,277 7,912 45,213
728,154 363,154 339,918 339,918 -
143,739 18,129 - - -
2,020,916 - - - -

468,447 493,210 468,447 421,074 275,717

48,330 33,186 48,330 59,771 69,356
1,561,233 1,378,365 375,510 236,353 308,876
550,000 550,000 550,000 550,000 552,995
- - - - -
- 21,446,501 12,454,493 6,400,688 6,198,107 6,223,788

18,777,204 7,106,599 4,392,450 4,563,115 4,658,271

6,300 7,200 8,100 9,000 9,000
1,008,983 46,611 46,611 46,611 46,611

1,038,078 907,591 468,769 490,887 360,453

137,451 230,089 183,309 145,090 393,072
54,641 26,927 19,558 25,475 107,231
247,897 345,567 858,758 70,339 46,040
0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

175,947 3,783,909 423,133 847,590 603,110

0 21,446,501 12,454,493 6,400,688 6,198,107 6,223,788
 DG Cement Pakistan
Balance sheet
For the period of 5 years
2009 2008 2007 2006 2005
Rs.(000) Rs.(000) Rs.(000) Rs.(000) Rs.(000)

3,042,494 2,535,412 2,535,412 1,843,937 1,843,937

17,401,220 27,595,698 29,630,084 15,093,705 7,196,568
474,728 50,853 1,757,689 2,330,558 277,493
20,918,442 30,181,963 33,923,185 19,268,200 9,317,998

4,375,837 8,411,051 8,686,447 7,372,468 4,899,225

1,441,576 1,319,000 1,624,000 1,559,000 537,000

152,387 127,908 119,329 60,386 74,339
1,141 28,886 131,985

1,435,420 1,370,336 1,027,274 1,406,869 1,460,474

531,772 364,664 342,612 340,757 960,620
9,068,575 7,597,020 3,942,972 2,613,695
4,763,942 2,687,608 2,042,281 1,619,025 599,674
35,090 35,090 35,090 35,090 35,090
42,723,041 52,094,640 51,744,331 34,304,376 18,016,405

24,345,793 22,977,894 22,117,551 7,521,723 6,637,237

166,940 523,046 196,913 335,810 271,428
4,922,716 9,289,403 10,214,913 16,536,948 6,911,071

2,935,880 2,299,250 1,496,291 836,049 1,035,081

899,836 445,856 295,140 226,286 100,994
513,966 366,173 144,245 74,165 76,238
908,100 782,358 229,315 152,465 121,486

7,785,968 15,082,582 16,933,790 8,543,763 2,769,134

243,842 226,372 116,173 77,167 93,836
42,723,041 51,992,934 1,744,331 34,304,376 18,016,505
 2009
Rs.(000)
Cashflow from operating activities
Net profit before taxation (917,651)
Adjustment for:
Depreciation 1,055,435
Provision of compensated absense 6,046
provision of Bad debt & write off/loss on investment. 4,339
WPPF & WWF/ gratuity
Finance Cost 3,400,241
Gain on disposal of property plant & equipment (3,002)
Interest income including interest on long term deposit (10,069)
Spare write off/provision of spare
(Gain)/loss on foreign contract/ divident income (11,717)

Operating cashflow before working capital changing

(Increase)/decrease in store & stock 172,588
(increase)/decrease in long term deposit and prepayment
Decrease/(Increase) in long term advances
(increase)/decrease in retention money
(increase)/ Decrease in trade debt 61,122
(increase)/decrease in adv. Deposit and other receivables (74,014)
(increase)/decrease in trade and other payables (142,532)
(increase)/decrease in sales tax refundable 34,888

Cash generated from operation

compensated absences paid (3,744)
payment to WPPF
Taxes paid (181,472)
Long term deposit paid
long term advances paid

Net cash gernerated from operation activity 3,395,018

Cash flows from investment activity:

increase in plant & equipt. ex. borrowing cost capitalized (4,339)
proceed from property plant & equipment 5,409
interest received on bank deposit (1,350,122)
claim received on insured plant & equipment
Long term advances & deposit 30,695

net cash used in investing activity (1,323,766)

Cash flows form financing activity:

Repayment of long term financing
proceed from long term loans 511,429
Divident paid on ordinary shares (61)
divident paid on preference shares (52,478)
imports finance and export refinance
payment of guarantee & other cost
Premium of issue of share and other cost
Finance cost paid (3,153,615)
receipt/(payment) of short term barrowing 1,012,584
sundries.

Net cash gernerating from financing activity (2,075,454)

(Decrease)/increase in cash and cash equivalent (4,202)
Cash & cash equivalent at the beg. 104,134
Cash & cash at the end 99,932
Maple Leaf Company Lucky Cement Company
Statement of cashflow statement of cash flow
For the period 5 year For the Period of 5 year
2008 2007 2006 2005 2009 2008 2007
Rs.(000) Rs.(000) Rs.(000) Rs.(000) Rs. (000) Rs. (000) Rs. (000)

(1,364,244) (140,019) 1,634,814 1,027,378 5,177,001 2,306,529 2,690,351

372,734 341,094
871,523 439,254 1,148,218 978,969 883,125
7,137 2,191 - -
(43,403) (5,905) - -
6,979 73,831 36,013 43,367
1,812,807 338,453 340,978 205,677 1,236,971 126,743 862,847
(725) 2,273 (690) (2,070) (1,889) (1,280) 109
(5,046) (1,294) - -
- 4,708 45,078 5,548 (67,656)
(12,021) (6,094) (21,363) -
635,838 2,355,981 1,571,195 7,657,847 3,452,522 4,412,143

1,375,407 (168,927) 761,487 242,495 (413,717) (2,205,237) (1,745,386)

(168,763) 10,837 (8,081) (487,236) (33,116) -
(31,128) (270,714) (9,998) 3,113 129,832 -
213,626 - - -
2,873 (8,059) (70,862) (5,493) (546,934) (243,647) -
(39,159) (3,131) (846) (4,963) 1,032,196 (887,046) -
1,776,248 (8,539) 320,344 125,796 (872,114) 1,999,785 (52,400)
41,838 8,254 (20,027) (3,131) 593,974 (634,136) -

436,310 (672,785) (168,339)

(3,641) (1,700) (2,275) (13,369) (9,087) (10,089)

- -
(75,693) (36,380) (713) (22,945) (206,645) (166,236) (26,396)
(4,037) (1,663) 4,389 (726,796)
(55,373) - (1,406)

960,632 395,893 1,680,783 1,377,636 6,514,748 1,277,192 1,849,672

43,403 690,937) 1,625 738 - -

2,519 8,458 (8,015,133) (3,240,856) 37,487 32,098 6,410
(1,634,403) 841 (9,781) (2,068) - - -
(200,000) (1,559) 525 - - -
 167,311 (27,277) 9,482 1,789 (5,779,313) (6,572,254) (2,043,444)

(1,423,689) ### (8,014,317) (3,237,740) (5,741,826) (6,540,156) (2,037,034)

7,785,224 744,527 (83,300) 1,624,423 (2,575,000) (3,075,756) (2,595,008)

(10,342,413) 184,183 5,815,742 541,474 - - -
(14) (41,650) (3,595) (83,300) (73) (326,162) (260,750)
(52,731 250,000 16,707 5,815,742 - - -
1,961,698 74,146 (3,595) 6,953,422 -
- 357,317 16,707 - - -
- (100,512) 74,146 - - -
(1,996,914) (275) (132) 357,317 (1,292,567) (163,947) -
2,572,153 870,721 (11,703) 4,151,790 (710,226) 1,962,304
(149,575)

443,832 3,527,898 6,064,670 2,006,635 1,576,717 2,841,278 (893,454)

(19,225) 22,421 2,349,639 (2,421,686) (1,080,818)
123,359 100,938 (268,864) 146,531 (1,438,749) 982,937 2,063,755
99,932 123,359 100,938 369,802 910,890 (1,438,749) 982,937
 Fouji Coment Company
Statement of Cashflow
As on the period of 5 years
2006 2005 2009 2008 2007 2006 2005
Rs. (000) Rs. (000) Rs. (000) Rs. (000) Rs. (000) Rs. (000) Rs. (000)

2,552,976 1,209,915 1,421,517 454,564 788,180 1,777,687 759,038

417,441 237,889 311,749 302,656 266,532 283,454 256,283

- 12,833 9,492 6,372 45,812 6,666
- - (3,500) 7,710 - -
73,568 12,897 77,841 33,690 41,576 96,535 39,949
82,809 - 224,388 146,954 207,105 264,297 229,634
(184) (1,033) (2,479) (2,550) (100) (1,301) 4,750
- (184,750) (93,255) (68,079) (34,600) 3,821
- - - - 931 18,528 -
-
3,126,610 1,459,668 1,861,099 848,051 1,250,227 2,450,412 1,300,141

(1,200,691) (226,703) (66,534) - (17,032) (214,706) (84,109)

- - 900 900 (1,793) - -
- - 125,610 18,129 (788,687) - 12,031
- - (27,714) (3,869) - - 16,747
- - (20,850) (185,476) (1,793) 81,756 (62,443)
- - 300,472 36,128 (788,678) (13,841) (7,624)
1,406,419 271,935 274,035 (619,790) 101,573 49,560 39,791
- - - - - - -

(8,291) (2,972) 11,145 8,241 (36,371) 43,095 (1,718)

- 24,741 41,483 (93,655) 42,522 -
(29,890) (18,808) 103,520 27,928 (16,550) 27,414 14,002
(572,087) 5,144 - - - - -
1,907 - - - - - -

2,723,977 1,488,264 1,995,728 150,609 430,719 2,222,828

- (5,096,237) (2,116,568) (112,789) (196,257) (255,908)

1,199 16,182 4,480 2,594 100 1,704 5,061
- - 198,861 83,504 68,612 30,126 5,028
- - - - - 1,063 555
(6,054,432) (8,514,346) - - - - (19,011)

(6,053,233) (5,741,826) (4,892,896) (2,030,470) (44,212) (163,364)

5,392,341 5,996,830 (550,000) (550,000) (550,000) (1,100,000) (3,870,348)

- (63,798) 1,740,000 - - - 3,300,000
(88) 138 (55) (3,632) (181,506) (368,578) -
- - (8,361) (8,361) - - -
- - (334,988) 754,988 - - -
- - (990,518) - - - -
- - - 5,059,174 - - -
- - (289,273) (259,399) (218,586) (273,882) (249,908)
645,872 - - - - - -

6,038,125 5,933,170 (433,195) 4,992,770 (950,121) (1,742,460) (820,255)

2,708,869 (1,076,730) (3,330,363) 3,112,909 (563,614) 317,004 97,145,
(645,114) 431,616 3,160,532 47,623 611,237 294,233 197,088
2,063,755 (645,114) (169,831) 3,160,532 47,623 611,237 294,233
 pioneer cement company DG cemet Company
statement of cash flow Cashflow Statement
For the Period of 5 year For the period of 5 years
2009 2008 2007 2006 2005 2009 2008 2007
Rs. (000) Rs. (000) Rs. (000) Rs. (000) Rs. (000) Rs.(000) Rs.(000) Rs.(000)

174,306 -574,014 -184,441 933,071 393,919 776,900 (250,930) 1,720,471

380,318 435,306 375,728 277,435 233,339 1,368,954 1,363,037 494,205

5,678 25,624 20,037 20,385 30,716
-1,770 0 0 68966 - (2,065) (4,668) (4,490)
13,120 0 0 49,109 17,326 (707,231) (820,446) (465,774)
451,466 413,203 365,848 196,949 120,745 - 1,758,511 14,163
-585 -1,040 -2,720 -480 308 257,386 - 874
0 0 20,732 3,814 3,465 (3,049)
0 0 - (42,905) (8,544) 16,533
256,282 149,477 6,135 7,119 817,508 32,600 22,616 468,173

168,536 -64,569 -40,727 109,718) -32,239 640,444) (806,424) (661,116)

-53,536 -39,932 -6,016 (453,980) (150,716) (68,854)
35,540 -38,419 -17,227 6,454 5,768 (147,793) (221,928) (70,080)
-7,030 47,982 -55,661 (18,112) (529,341) (63,728)
2,722 -10,405 509 285 846 65,617 341,849 (380,723)
-58 18,785 542 4,777 -1,174
-212,277 107,725 -117,469 -90,152 -88,476
31,131 3,757 488,772

3,829,987 1,263,660 997,019

-2,760 -46,147 36,880) -200,880 155,474)
66,596 66,731 -13,327 2,439,250 1,727,177 466,185
-80,426 -13,625 -30,226 7,988 -10,312 6,934 (5,054 43,067
15,081 -1,431 -510 (126,161 -4,396 235,684 135,780 57,759
1,157 988 -81 125 5,577 45,653

1,680,783 1,377,636 -196,742 882,095 751,744 1,147,994 (609,928) 475,661

-239,634 -1,574,195 1,995,630 2,698,370 5,095,269

5,397 3,449 4,274 636 38,878 188,339 320,955
-235,360 -1,573,559 -1,523,400 356,106 325,502 138,897
3,600 4,076 26,655 18,608
-68,940 -185,482 707,242 820,435 465,779
42,205 8,333 3,771
(8,014,317) (3,237,740) (235,360) ### (1,519,800) 924,879 (2,356,788 4,789,169

-9,315 -59,821 734,662 165,943 1,014,164 3,000,000 1,602,666

-382,681 -358,578 -293,055 300,000 -71,005 300,000 (3,178,083 3,332,548
-60 -349 99,720 - 50,000 2,989,690 1,481,302
0 0 124,362 299,897 477,186 1,141 (19,957 85,932
0 0 - -20,000 272,033 533 (379,093 344,743
-202,217 -225,733 745,840 20,000
0 0 54,376
-395,850 -507,496
207,046 339991
- 429,181

6,064,670 2,006,635 665,689 745,840 748,214 1,677,200 577,133) 3,023,237

-268,864 146,531 233,587 54,376 -19,842 (1,454,085) 3,543,849 1,290,271
369,802 223,271 71,905 17,529 37,371 7,370,648 3,826,799 2,536,528
100,938 369,802 305,492 71,905 17,529 8,824,733) 7,370,648 3,826,799
 2006 2005
Rs.(000) Rs.(000)

3,448,533 2,121,271

363,941 357,083

(3,567) (3,207)
(265,883) 16,256
9,573 (3,207)
901 (152,310)
(5,106) (543,173)
31,327 9,340
(6,986)

(640,444)
(453,980)
450,696 (147,793)
(18,112)
65,617

4,474,518 2,768,564

250,029 239,581
7,573 1,724
31,604 40,809
5,140 1,691

4,190,452 2,484,759

9,005,201 3,705,612
167,039 193,543
64,382 246,407
13,030 4,337
 265,882 157,005
17,094
8,939,616 3,984,220

199,920
4,000,000 2,900,000
556,883 471,429
96,570 68,583
275,478 250,705
8,351

3,079,420 1,909,363
1,669,744 409,902
866,784 1,276,686
2,536,528 866,784
 Maple leaf cement company Fouji Cement Company
Profit & loss A/c Profit & Loss A/c
for the period of 5 year For the period of 5 year
2009 2008 2007 2006 2005 2009 2008

Sales 100% 100% 100% 100% 100% 100% 100%

Less Cost of sales (68) (83) (92) (62) (69) 68 81
Gross Profit 32 17 8 38 31 32 19
Other income 0 1 1 0 0 4 3
Distribution Cost (15) (11) (2) (0) (0) (1) (2)
Administrative Expenses (1) (2) (2) (1) (1) (2) (2)
other operating Expenses (0) (0) (0) (2) (1) (1) (1)
Finance Cost (22) (23) (9) (6) (5) (4) (4)
profit before taxation (6) (17) (4) 29 24 27 13
tax (0) 9 (5) (10) (7) (8) (1)
profit/(loss) after taxation (6) (9) (9) 19 17 19 12

Notes of Maple leaf Cement company: Notes of Fouji cement Company:

1: According to the vertical analysis the CGS of this 1: In this company, CGS decreease i
company was decreasing in 2006 but again but again increase in 2007 by 19%
increase in the 2007 and 2008 but decrease in 2009. 2009 by 13%.

2: The gross profit is sightly increase in 2006 but 2: The gross profit increase in 2006
sharply decrease in 2007 and then increase in 2008 then decrease in 2007 by 19%. A
and 2009. decrease in 2008 and then increa

3: The Net profit increased in 2006 by 12%. But in 3: The net profit increased in 2006
2007 and onward company bear a loss. decrease in 2007 and 2008. in 2009
increase by 7%.
 Fouji Cement Company Lucky Cement Company Pioneer Cement Compan
Profit & Loss A/c Profit & Loss A/c Profit & Loss A/c
For the period of 5 year For the Period of 5 year For the period of 5 year
2007 2006 2005 2009 2008 2007 2006 2005 2009 2008

100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
68 49 62 (63) 74 71 63 65 73 89
32 51 38 37 26 29 37 35 27 11
2 1 4 0 0 5 0 0 1 1
(1) (1) (1) (9) (7) (4) (1) (1) (7) (10)
(2) (2) (1) (1) (1) (1) (1) (2) (2) (2)
(2) (2) (1) (3) (4) (1) (2) (2) (6) (3)
(6) (6) (8) (5) (1) (7) (1) (1) (9) (9)
23 41 30 20 14 21 32 30 3 (12)
(4) (13) (20) (2) (2) (1) (8) (10) (3) (8)
19 28 10 17 11 20 24 21 1 (4)

ouji cement Company:

ompany, CGS decreease in 2006 by 13%
n increase in 2007 by 19%. And decrease

ss profit increase in 2006 by 13% but

crease in 2007 by 19%. And continously
se in 2008 and then increase in 2009.

t profit increased in 2006 by 18% and then

in 2007 and 2008. in 2009, net profit again
Pioneer Cement Company DG Cement Pakistan
Profit & Loss A/c Balance sheet
For the period of 5 year For the period of 5 years
2007 2006 2005 2009 2008 2007 2006 2005

100% 100% 100% 100% 100% 100% 100% 100%

90 60 68 69 85 68 50 63
10 40 32 31 15 32 50 37
0 2 1 4 7 7 4 13
(2) (1) (2) 10 5 1 0 1
(3) (2) (3) 1 1 2 2 1
(0) (2) (3) 4 5 2 1 2
(12) (6) (6) 14 14 7 6 6
(6) 30 20 6 (2) 27 45 40
(3) (8) (3) 1 2 2 13 8
(3) 22 17 4 (0.34) 25 32 32
 Maple leaf cement company
Balance sheet
for the period of 5 year
2009 2008 2007 2006

Share Capital
Share Capital 17 16 18 19
Reserves 16 18 19 15
Acc. (Loss)/profit / surplus on asset rev. (7) (2) 1 5
26 32 38 39

Non Current Liabilities

Long Term Financing 28 34 - 42
Deferred Liabilities 0 0 0 0
Deferred tax - net 0 1 4 5
Retention money payable/ deposit 0 0 0 0
liability against shipment / lease finance 3 4 4 0
long term creditor - 0 1 -
long term loan 3 1 37 -
Current Liabilities - - - -
Trade & other payable 9 10 3 4
Markup accured 2 1 2 1
Short term barrowing 17 13 3 5
Current portion of long term financing 11 5 8 3
sales tax/tax payable - - - 0
Total Liability & equity 100 100 100 100

Fixed Assets - Tengible

Property Plant & equipment 79.43 76.79 82.48 85.61

Long term advances 0.05 1.48 0.05 0.13
Long term Deposit & prepayment 0.20 0.21 0.18 0.08
Current Assets
Stores, spare & loose tool 11.44 12.72 8.60 8.96
stock in Trade 2.54 1.66 1.58 1.07
Trade debt 2.66 2.84 0.83 0.87
Adv., deposit, pre. & other receivables 2.57 3.48 5.50 2.55
tax refund 0.00 0.00 0.00 0.00
tax -net 0.63 0.17 0.06 0.00
Sales tax -net 0.07 0.22 0.16 0.18
current portion of long term deposit 0.03 0.04 0.04 0.00
Cash & bank balances 0.39 0.40 0.53 0.54
Total Assets 100 100 100 100
 Lucky Cement Company pioneer cement company
Balance Sheet Balance Sheet
For the Period of 5 year For the Period of 5 year
2005 2009 2008 2007 2006 2005 2009 2008 2007

31 8 9 10 11 18 19 19 20
22 52 45 26 19 17 4 3 5
7 - - - - - 21 21 7
60 61 54 36 30 35 44 43 31
- -
- -
- -
21 11 19 32 43 44 0.40 1 1
0 1 1 1 1 1 11 22 12
3 4 3 6 6 6 - - -
0 0 0 0 0 0 0 0 1
- - - - - - - - 6
- - - - - - 0 0 0
- - - - - - 11 16 27
- - - - - - - - -
4 7 10 6 6 4 6 8 8
0 1 1 1 1 1 2 1 1
6 16 11 11 3 5 5 4 1
5 1 6 10 4 20 4 13
0 - - 0 0 - 0 0 0
100 100 100 100 100 100 100 100 100

81.14 79.38 75.59 78.99 81.13 90.92 89.44 91.39 87.23

0.20 0.14 0.00 0.00 0.00 0.07 0.08 0.08
0.06 0.01 0.01 0.01 0.01 0.01 0.63 1.03 1.85

9.67 8.89 12.15 7.49 5.36 3.57 4.89 4.08 4.84

1.76 3.12 2.07 2.63 1.83 2.27 1.41 0.66 1.75
0.89 3.30 2.10 1.85 0.42 0.78 0.36 0.38 0.35
1.45 0.46 3.48 1.92 2.42 1.27 0.44 0.77 0.32
0.00 1.40 1.57 2.09 0.00 0.23 0.00 0.00 0.00
0.00 0.46 0.38 0.19 0.10 0.00 0.78 0.10 0.00
0.62 0.10 1.85 0.00 0.00 0.00 0.00 0.00 0.04
0.67 0.00 0.00 0.00 0.00 0.00 0.44 0.17 0.00
3.55 2.73 0.79 4.82 8.74 0.96 1.54 1.33 3.55
100 100 100 100 100 100 100 100 100
ement company Fouji Cement Company DG Cement Pakistan
Balance Sheet Balance sheet
riod of 5 year For the period of 5 years For the period of 5 year
2006 2005 2009 2008 2007 2006 2005 2009 2008

19 22 35 60 66 68 67 7 5
8 1 11 15 - - - 41 53
7 9 - - (7) (15) (28) 1 0
35 33 45 75 58 53 39 49 58
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
5 2 29 3 14 21 41 10 16
10 14 0 0 0 0 1 - -
5 3 3 3 5 5 - 3 3
1 1 1 0 - - - 0 0
5 4 9 - - - - - -
0 - - - - - - - -
22 29 - - - - - - -
- -
8 11 2 4 7 7 4 3 3
1 1 0 0 1 1 1 1 1
- 0 7 11 6 4 5 21 15
8 2 3 4 9 9 9 11 5
0 0 - - - - - 0 0
100 100 100 100 100 100 100 100 100

91.41 92.65 87.55 57.06 68.62 73.62 74.85 56.99 44.19

0.06 0.10 0.03 0.06 0.13 0.15 0.14 0.39 1.01
1.18 0.53 4.70 0.37 0.73 0.75 0.75 11.52 17.87

4.47 4.17 4.84 7.29 7.32 7.92 5.79 6.87 4.42

1.15 0.82 0.64 1.85 2.86 2.34 6.32 2.11 0.86
0.15 0.28 0.25 0.22 0.31 0.41 1.72 1.20 0.70
0.59 1.02 1.16 2.77 13.42 1.13 0.74 2.13 1.50
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.13 0.18 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 18.22 29.01
0.86 0.25 0.82 30.38 6.61 13.67 9.69 0.57 0.44
100 100 100 100 100 100 100 100 100
Notes of Fouji Cement Company:

1: The share capital and resever is 45% of total

liability & equity in 2009 while it was 75% in 2008
and 58% in 2007 and 53% in 2006 and 39 in 2005.

2: The current asset of this company is 7.71% of

total assets in 2009, 42.51 in 2008, 30.52 in 2007,
25.48 in 2006 and 24.26. in 2005.

3: The current liability of this company is 12% of

total liability & equity in 2009,19% in 2008. 23% in
2007, 21% in 2006, and 19% in 2005.
 DG Cement Pakistan
Balance sheet
For the period of 5 years
2007 2006 2005

5 5 10
57 44 40
3 7 2
66 56 52
- - -
- - -
- - -
17 21 27
- - -
3 5 3
0 0 0
0 0 1
- - -
- - -

2 4 8
1 1 5
8 8 -
4 5 3
0 0 0
100 100 100

1267.97 21.93 36.84

11.29 0.98 1.51
585.61 48.21 38.36

85.78 2.44 5.75

16.92 0.66 0.56
8.27 0.22 0.42
13.15 0.44 0.67
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
970.79 24.91 15.37
6.66 0.22 0.52
100 100 100
 maple leaf cement company Fouji Cement Company
Profit & loss A/c Profit & Loss A/c
for the period of 5 year For the period of 5 year
2009 2008 2007 2006 2005 2009 2008

Sales 355.4 182.2 86.49 133.07 100.00 186.79 82.73

Less Cost of sales 347.5 219.1 114.8 120.2 100.00 205.67 137.84
Gross Profit 373.1 99.7 23.3 161.8 100.00 156.02 30.04
Other income 341.2 583.8 238.8 147.4 100.00 169.78 248.30
Distribution Cost 18,036.2 6,435.3 518.7 161.6 100.00 235.60 168.43
Administrative Expenses 376.3 300.9 171.3 150.1 100.00 243.98 114.81
other operating Expenses 70.8 41.6 30.8 197.6 100.00 193.05 36.43
Finance Cost 1,653.2 881.4 164.6 165.8 100.00 97.86 55.60
profit before taxation (89.3) (132.8) (13.6) 159.1 100.00 165.30 25.57
tax 21.8 (229.4) 60.7 191.9 100.00 72.11 7.14
profit/(loss) after taxation (135.1) (92.9) (44.3) 145.6 100.00 352.28 34.36

Notes of Fouji cement company:

1: According the horizontal analysis,

increase by 50% from the base ye
and then decrease in 2007 and 20
increase by 86% in 2009.

2: The GP increased by 102.59% in 2

decreased by 100% and same in 2
increase in 56% in 2009.

3: The net profit is increase by 320.8

252% is increase In 2009 from the
 Fouji Cement Company Lucky Cement Company Pioneer Cement Compan
Profit & Loss A/c Profit & Loss A/c Profit & Loss A/c
For the period of 5 year For the Period of 5 year For the period of 5 year
2007 2006 2005 2009 2008 2007 2006 2005 2009 2008

121.73 150.65 100.00 661.55 426.07 314.61 202.36 100.00 248.84 241.55
134.49 118.79 100.00 -635.21 484.53 340.18 195.10 100.00 267.30 316.33
100.92 202.59 100.00 711.21 315.85 266.41 216.04 100.00 209.11 80.58
65.83 38.63 100.00 2038.12 113.32 55152.41 17.79 100.00 103.14 112.64
190.53 148.57 100.00 10193.71 4849.70 2089.81 434.52 100.00 1102.12 1426.88
168.59 157.54 100.00 270.45 204.96 181.42 173.97 100.00 149.47 137.72
143.48 232.45 100.00 1294.93 1009.27 222.73 210.65 100.00 534.22 286.86
90.19 115.09 100.00 5702.69 584.31 3977.90 381.77 100.00 373.90 342.21
91.65 206.71 100.00 427.87 190.63 222.35 211.00 100.00 44.25 -145.72
24.72 100.00 100.00 151.41 96.81 37.32 160.95 100.00 223.50 637.30
225.97 420.85 100.00 556.09 234.14 308.17 234.21 100.00 10.87 -54.19

Fouji cement company:

ng the horizontal analysis, the sale is

e by 50% from the base year, in 2006
n decrease in 2007 and 2008 and again
e by 86% in 2009.

increased by 102.59% in 2006 and again

sed by 100% and same in 2008 and again
e in 56% in 2009.

profit is increase by 320.85 in 2009 and

ncrease In 2009 from the base year.
Pioneer Cement Company DG Cement Pakistan
Profit & Loss A/c profit & loss A/c
For the period of 5 year For the period of 5 years
2007 2006 2005 2009 2008 2007 2006 2005

155.84 153.07 100.00 341.66 235.74 121.59 150.69 100.00

205.05 134.49 100.00 371.04 316.08 131.73 119.88 100.00
49.92 193.07 100.00 291.45 98.42 104.27 203.35 100.00
42.98 261.70 100.00 108.82 119.73 67.74 41.56 100.00
166.78 120.08 100.00 3072.85 921.87 106.92 56.40 100.00
132.97 113.26 100.00 185.48 146.00 136.20 159.46 100.00
13.68 112.72 100.00 848.59 620.47 148.54 97.94 100.00
302.99 163.11 100.00 857.24 575.53 153.98 148.24 100.00
-46.82 236.87 100.00 48.76 -11.29 81.77 167.73 100.00
147.09 415.80 100.00 57.22 45.01 22.31 234.54 100.00
-28.15 203.55 100.00 46.55 -2.49 97.30 150.29 100.00
 Maple leaf cement company
Balance sheet
for the period of 5 year
2009 2008 2007 2006 2005

Share Capital
Share Capital 131.25 131.25 131.25 108.33 100
Reserves 180.61 203.23 195.05 122.86 100
Acc. (Loss)/profit / surplus on asset rev. -221.26 -72.39 35.91 128.58 100
106.79 132.91 142.96 116.04 100

Non Current Liabilities

Long Term Financing 327.37 409.21 0.00 357.78 100
Deferred Liabilities 223.07 196.03 154.96 120.40 100
Deferred tax - net 21.23 47.10 273.06 266.49 100
Retention money payable/ deposit 39.26 39.29 41.11 1173.51 100
liability against shipment / lease finance
long term creditor
long term loan
Current Liabilities
Trade & other payable 557.32 590.25 179.11 174.09 100
Markup accured 1141.63 503.46 979.86 722.23 100
Short term barrowing 742.96 571.29 135.22 160.58 100
Current portion of long term financing 514.45 238.82 340.21 120.40 100
sales tax/tax payable 0.00 0.00 0.00 794.71 100
Total Liability & equity 246.05 250.76 224.73 180.20 100

Fixed Assets - Tengible

Property Plant & equipment 240.85 237.30 228.43 190.12 100

Long term advances 63.75 1897.75 53.71 120.26 100
Long term Deposit & prepayment 838.24 879.42 703.35 259.25 100
Current Assets
Stores, spare & loose tool 291.18 329.81 199.79 167.05 100
stock in Trade 355.27 236.85 201.79 109.68 100
Trade debt 736.79 802.80 210.14 176.53 100
Adv., deposit, pre. & other receivables 434.63 600.26 850.99 316.82 100
tax refund
tax -net
Sales tax -net 25.89 89.03 58.17 53.34 100
current portion of long term deposit 11.75 14.02 12.26 0.00 100
Cash & bank balances 27.02 28.16 33.36 27.30 100
Total Assets 246.05 250.76 224.73 180.20 100
 Lucky Cement Company pioneer cement company
Balance Sheet Balance Sheet
For the Period of 5 year For the Period of 5 year
2009 2008 2007 2006 2005 2009 2008 2007 2006

123 122.78 100.00 100 100 128.94 128.94 109.74 105.00

801 616.88 268.80 177.44 100 550.25 421.13 540.55 946.76
346.55 355.92 91.24 96.03
453 363.39 182.20 137.71 100 203.58 201.98 118.66 130.04

66 101.58 127.55 155.53 100 24.03 44.84 42.36 251.26

159 118.29 100.00 123.35 100 116.72 238.32 103.60 88.45
172 123.35 176.53 167.22 100 0.00 0.00 0.00 221.74
113 119.28 101.98 107.52 100 1.89 3.25 97.53 98.20
0.00 0.00 177.17 165.33

55.12 86.25 116.25 91.84

436 577.60 251.69 236.13 100 80.82 112.33 86.88 85.65

187 231.14 260.90 152.08 100 412.32 201.72 131.25 77.22
787 458.55 364.18 82.12 100 2624.65 1894.18 498.60 0.00
41.26 275.73 406.74 100 1763.50 370.97 980.42 561.35
204.99 38.79 4.59 161.51
259 231.24 173.73 159.54 100 150.23 152.04 125.01 122.03

100
226 192.25 150.93 142.36 100 145.02 149.97 117.69 120.40
100 112.58 129.82 107.89 75.38
100 100.00 100.00 100.00 100 176.49 293.62 432.71 268.63

645 787.02 364.69 239.69 100 176.25 148.79 145.09 130.91

357 211.51 201.64 128.63 100 257.05 120.88 264.49 170.27
1,095 622.19 411.73 84.99 100 197.43 211.80 156.87 65.93
95 635.17 263.27 304.45 100 64.55 115.39 39.77 71.16
1,599 1,599.13 1599.13 0.00 100
661.79 87.57 0.00 89.00

742 190.92 876.17 1459.22 100 908.79 794.02 1742.78 410.21

259 231.24 173.73 159.54 100 150.23 152.04 125.01 122.03
 Fouji Cement Company DG Cement Pakistan
Balance Sheet Balance sheet
For the period of 5 years For the period of 5 years
2005 2009 2008 2007 2006 2005 2009 2008 2007

100 176.90 176.90 100.00 100.00 100.00 165.00 137.50 137.50

100 241.80 383.46 411.73
100 0.00 0.00 26.32 52.26 100.00 171.08 18.33 633.42
100 395.60 379.00 152.48 134.00 100.00 224.50 323.91 364.06

100 246.80 12.89 34.69 51.56 100.00 89.32 171.68 177.30

100 23.81 20.94 18.31 17.50 100.00
100 268.45 245.62 302.42
100 204.99 172.06 160.52
100 0.00 0.00 0.86

100

100 169.90 178.88 169.90 152.72 100.00 98.28 93.83 70.34

100 69.68 47.85 69.68 86.18 100.00 55.36 37.96 35.67
100 505.46 446.25 121.57 76.52 100.00
100 99.46 99.46 99.46 99.46 100.00 794.42 448.18 340.57
100 100.00 100.00 100.00
100 344.59 200.11 102.84 99.59 100.00 237.13 289.15 287.21

100 403.09 152.56 94.29 97.96 100.00 366.81 346.20 333.23

100 70.00 80.00 90.00 100.00 100.00 61.50 192.70 72.55
100 2164.69 100.00 100.00 100.00 100.00 71.23 134.41 147.81

100 287.99 251.79 130.05 136.19 100.00 283.64 222.13 144.56

100 34.97 58.54 46.63 36.91 100.00 890.98 441.47 292.24
100 50.96 25.11 18.24 23.76 100.00 674.16 480.30 189.20
100 538.44 750.58 1865.24 152.78 100.00 747.49 643.99 188.76
100
100

281.17 544.67 611.52

100 29.17 627.40 70.16 140.54 100.00 259.86 241.24 123.80
100 344.59 200.11 102.84 99.59 100.00 237.13 288.59 9.68
Notes of Fouji Cement company:

1: The company issue the further share in 2008 which is

76% of base year.

2: The company short term borrowing in continously

increasing. In 2009 it is 405%.

3: Short term deposit also increase very high in 2009 .

 DG Cement Pakistan
Balance sheet
For the period of 5 years
2006 2005

100.00 100.00
209.73 100.00
839.86 100.00
206.78 100.00

150.48 100.00

290.32 100.00
81.23 100.00
21.89 100.00

100.00
96.33 100.00
35.47 100.00

269.98 100.00
100.00 100.00
190.41 100.00

113.33 100.00
123.72 100.00
239.28 100.00

80.77 100.00
224.06 100.00
97.28 100.00
125.50 100.00

308.54 100.00
82.24 100.00
190.41 100.00