Profit and Loss Account

For the Year Ending June 30, 2016

Vertical Analysis

In Rupees % In Rupees
%
2015 2016
Sales 18 11,581,436 100.00% 13,183,185 100.00%
Cost of sales 19 -7,541,804 -65.12% -8,937,467 -67.79%
Gross profit 4,039,632 34.88% 4,245,718 32.21%
Distribution costs 20 -2,102,512 -18.15% -2,518,730 -19.11%
Administrative expenses 21 -458,844 -3.96% -505,866 -3.84%
Other expenses 22 -120,719 -1.04% ### -0.74%
Other income 23 111,965 0.97% ### 0.42%
Operating profit 1,469,522 12.69% 1,179,291 8.95%
Finance costs 24 -37,269 -0.32% ### -0.51%
Profit before taxation 1,432,253 12.37% 1,111,953 8.43%
Taxation 25 -438,690 -3.79% -338,277 -2.57%
Profit after taxation 993,563 8.58% 773,676 5.87%
Other comprehensive income / (loss) 0 0.00% 0 0.00%
Items that will not be reclassified to
Profit or Loss
Loss on remeasurements of retirement
-41,148 ###
bene t obligations -0.36% -0.11%
Impact of deferred tax 10,982 0.09% ### 0.03%
-30,166 -0.26% ### -0.08%
Items that may be subsequently
reclassified to Profit or Loss
Total comprehensive income 963,397 8.32% 762,953 5.79%

Balance Sheet
As at June 30, 2016

Note Vertical Analysis

ASSETS
Rupees Rupees
NON-CURRENT ASSETS 2015 % 2016 %
Property, plant and equipment 1,518,286
### 157.60% ### 261.75%
Intangibles 39,089
### 4.06% ### 8.03%
Long term investment - subsidiary 31,719
### 3.29% ### 4.16%
Long term deposits 34,768 3.61% 30,979 4.06%
Total Non- Current Assets 1,623,862 168.56% ### 278.00%
CURRENT ASSETS
Stores, spare parts and loose tools 5,897 0.61% 0.87%
###
Stock in trade 2,254,723
### 234.04% ### 426.03%
Trade debts 1,150,666
### 119.44% ### 131.13%
Advances 50,404
### 5.23% ### 12.51%
Trade deposits and prepayments 29,736
### 3.09% ### 4.99%
Other receivables ###
13,452 1.40% ### 0.82%
Investments in mutual fund units -
at
fair value through profit or loss 389,245 40.40% 0 0.00%
Cash and bank balances ###
37,041 3.84% ### 7.47%
Total Current Assets 3,931,164 408.05% 4,454,221 583.81%
Total Assets 5,555,026 576.61% 6,575,253 861.82%

SHARE CAPITAL AND RESERVES

Issued, subscribed and paid-up capital ###
518,034 1742.1% ### 1360.8%
Unappropriated pro t 2,238,854 7529.1% ### 5163.8%
2,756,888 9271.2% 2,483,772 6524.6%
NON-CURRENT LIABILITIES
Deferred taxation ###
93,414 314.1% ### 212.6%
Retirement bene ts obligations ###
19,495 65.6% ### 35.8%
112,909 379.7% 94,568 248.4%
CURRENT LIABILITIES
Trade and other payables 1,672,683
### 5625.1% 1,960,435 5149.8%
Accrued interest / mark up 2,520 8.5% 8,974 23.6%
Short term borrowings ###
384,094 1291.7% 1,311,326 3444.7%
Taxation - Provision less payments 484,578 1629.6% 622,721 1635.8%
Sales tax payable 141,354 475.4% 93,457 245.5%
2,685,229 9030.2% 3,996,913 10499.4%
2,798,138 9409.9% 4,091,481 10747.8%
COMMITMENTS ###
### 18681.1% ### 17272.4%
 Hortizontal Analysis
Increase in

Rs %
1,601,749 13.83%
(1,395,663) 18.51%
206,086 5.10%
(416,218) 19.80%
(47,022) 10.25%
23,038 -19.08%
(56,115) -50.12%
(290,231) -19.75%
(30,069) 80.68%
(320,300) -22.36%
100,413 -22.89%
(219,887) -22.13%
- 0.00%

26,436 -64.25%
(6,993) -63.68%
19,443 -64.45%

(200,444) -20.81%

Horizontal Analysis
Increase
Rs %
478,753 32%
22,206 57%
- 0%
(3,789) -11%
 497,170 31%

708 12%
995,651 44%
(150,198) -13%
45,051 89%
8,332 28%
(7,180) -53%

(389,245) -100%
19,938 54%
523,057 13%
1,020,227 18%

- 0.0%
(273,116) -12.2%
(273,116) -9.9%

(12,480) -13.4%
(5,861) -30.1%
(18,341) -16.2%

287,752 17.2%
6,454 256.1%
927,232 241.4%
138,143 28.5%
(47,897) -33.9%
1,311,684 48.8%
1,293,343 46.2%

1,020,227 18.4%
Balance Sheet
As at June 30, 2016

Note Vertical Analysis

ASSETS
Rupees Rupees
NON-CURRENT ASSETS 2015 % 2016 %
Property, plant and equipment 1,518,286
### 27.33% ### 30.37%
Intangibles ###39,089 0.70% ### 0.93%
Long term investment -
###31,719 0.57% ###
subsidiary 0.48%
Long term deposits 34,768 0.63% 30,979 0.47%
Total Non- Current Assets 1,623,862 29.23% ### 32.26%
CURRENT ASSETS
Stores, spare parts and loose
5,897 0.11% ###
tools 0.10%
Stock in trade 2,254,723
### 40.59% ### 49.43%
Trade debts 1,150,666
### 20.71% ### 15.22%
Advances ###50,404 0.91% ### 1.45%
Trade deposits and
###29,736 0.54% ###
prepayments 0.58%
Other receivables ### 13,452 0.24% ### 0.10%
Investments in mutual fund
units - at
fair value through profit or
389,245 7.01% 0
loss 0.00%
Cash and bank balances ### 37,041 0.67% ### 0.87%
Total Current Assets 3,931,164 70.77% 4,454,221 67.74%
Total Assets 5,555,026 100.00% 6,575,253 100.00%

SHARE CAPITAL AND

RESERVES
Issued, subscribed and paid-
### 518,034 9.3% ###
up capital 7.9%
Unappropriated pro t 2,238,854 40.3% ### 29.9%
2,756,888 49.6% 2,483,772 37.8%
NON-CURRENT LIABILITIES
Deferred taxation ### 93,414 1.7% ### 1.2%
Retirement bene ts obligations ### 19,495 0.4% ### 0.2%
112,909 2.0% 94,568
1.4%
CURRENT LIABILITIES
Trade and other payables ###1,672,683 30.1% 1,960,435 29.8%
Accrued interest / mark up 2,520 0.0% 8,974 0.1%
Short term borrowings ### 384,094 6.9% 1,311,326 19.9%
Taxation - Provision less
484,578 8.7% 622,721
payments 9.5%
Sales tax payable 141,354 2.5% 93,457 1.4%
2,685,229 48.3% 3,996,913 60.8%
 2,798,138 50.4% 4,091,481 62.2%
COMMITMENTS ###
5,555,026 100.0% ### 100.0%
Horizontal Analysis
Increase
Rs %
478,753 32%
22,206 57%

- 0%
(3,789) -11%
497,170 31%

708 12%
995,651 44%
(150,198) -13%
45,051 89%

8,332 28%
(7,180) -53%

(389,245) -100%
19,938 54%
523,057 13%
1,020,227 18%

- 0.0%
(273,116) -12.2%
(273,116) -9.9%

(12,480) -13.4%
(5,861) -30.1%

(18,341) -16.2%

287,752 17.2%
6,454 256.1%
927,232 241.4%

138,143 28.5%
(47,897) -33.9%
1,311,684 48.8%
1,293,343 46.2%

1,020,227 18.4%