Professional Documents
Culture Documents
2007
2006
Sales
Cost of sales
Gross profit
Selling and distribution expenses
General and administrative expenses
Other operating expenses
Other operating income
Operating Profit
Financial charges
Fair value loss/gain on investment property
Profit before Taxation
Taxation
Profit after Taxation
Earning per share - basic and diluted
2,157,767
-1,692,386
465,381
-102,217
-56,422
-9,326
11,355
-156,610
2008
2,533,603 2,685,176
-1,911,635 -2,137,311
621,968
547,865
-118,521
-139,213
-60,134
-72,261
-12,547
-10,246
6,879
16,308
-184,323
-205,412
308,771
-142,055
0
166,716
-47,202
119,514
437,645
-207,791
4,941
234,795
-97,482
137,313
342,453
-212,824
-390
129,239
-63,631
65,608
3.98
3.81
1.82
2010
3,568,352 3,081,288
-2,747,957 -2,469,963
820,395
611,325
-204,213 -179,504
-100,292 -106,351
-20,620
-12,899
13,223
20,141
-311,902 -278,613
508,493
-239,586
7,750
276,657
-107,481
169,176
332,712
-204,179
3,550
132,083
8,723
140,806
4.7
3.91
2006
ASSETS
NON CURRENT ASSETS
Operating fixed assets
Capital work in progress
Intangible Assets
Investment Properties
Long term investments
Deferred cost
Long term deposits
CURRENT ASSETS
Stores, spares and loose tools
Stock in trade
Trade debts
Loans and advances
Trade deposits and short term prepayments
Other receivables
Tax refunds due from Government
Taxation - net
Cash and bank balances
TOTAL ASSETS
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES
Authorized share capital 75,000,000 (2005: 75,000,000) shares of Rs. 10/- each
Issued, subscribed and paid up capital
Reserves
2510171
24156
2534327
0
0
1817
1751
14658
2552553
301796
144617
201342
21572
5205
2177
5974
67550
257713
1007946
3560499
750000
300000
326839
626839
638574
83266
739251
0
261187
0
169921
1253625
CURRENT LIABILITIES
Trade and other payables
Mark up accrued
Short term borrowings
Current portion of long term liabilities
Provision for taxation - net
CONTINGENCIES AND COMMITMENTS
21094
28520
431977
359870
0
1041461
0
3560499
alance Sheets CC 3
2007
2,359,749
47679
2407428
1538
82140
65542
901
14205
2571754
2008
2316478
104377
2420855
4141
70950
65105
0
11475
2572528
2009
2422693
32919
2455612
3310
78700
87786
0
11321
2636729
2010
2299211
54380
2353591
1462
0
82250
87400
21449
2546152
inv
290006
315257
341790
437333
102285
444614
26163
8195
307
439
60563
29130
961702
3533456
144335
297437
34984
22790
836
439
61446
40859
918383
3490911
105732
573001
61151
14120
1404
45723
0
26037
1168958
3805687
750000
360000
404477
764477
750000
360000
415650
775650
750000
360000
530505
890505
750000
360000
616933
976933
643372
643372
749059
749059
0
584158
0
217438
913
246640
1049149
0
50000
750000
350000
491
294525
1445016
0
18750
583333
272222
0
357528
1231833
0
172222
416666
194444
0
316806
1100138
161585
473583
48916
4612
16540
43570 net sales
7007
15132
1208278
3754430
144617
6
144617
123451
7
8
102285
144335
123310 125033.5
2,157,767
5993.797
0.363209
0.363209
2,533,603
7037.786
0.043622
0.043622
2,685,176
7458.822
0.112082
0.112082
431977
739251
0
442930
584158
0
294969
50000
750000
190038
51006
442930
392484
0
1076458
0
221291
60191
294969
50422
0
626873
0
445311
72387
130143
276193
10256
934290
0
3533456
3490911
3805687
321693
58724
262466 long term debt
285417
0
928300
0
3754430
261187
1432415
217438
1244526
350000
1444969
2432853
2046122
2594969
9
105732
133658.5
10
161585
3,568,352
9912.089
0.141645
0.141645
3,081,288
8559.133
1.932439
1.932439
130143
18750
583333
262466
172222
416666
658554
272222
1004448
194444
1045798
1878753
1829130
2006
2007
2008
166,716
234795
129239
151,281
0
451
-49
0
0
0
850
0
326
3108
0
0
142055
464738
194701
167
523
-361
-4941
-47
0
850
0
0
757
0
0
207791
634235
181901
655
1600
53
390
-156
0
901
0
0
1261
0
0
212824
528668
-27003
-51858
-32399
97194
-1299
6787
53471
44893
11790
42332
-239244
-2962
-2990
1870
0
-189204
-25251
-42050
146026
-8821
-14595
-529
0
54780
34782
544413
-1696
-421
0
542296
-38979
406052
-665
-232
0
405155
29766
613214
-17085
0
0
596129
-1,336,357
0
0
-1,278,189
0
-495,011
0
90
-1,000
0
-554,089
-39690
0
-1705
36414
0
-59937
-82140
570
-63400
453
-209435
-138911
0
-3258
24421
11190
-81120
0
228
0
2730
-184720
-83,267
360,000
-166,649
0
150,000
-12,500
0
0
-131,489
72,580
188,675
176,882
-83266
350000
-490288
0
50000
-76312
-85
0
-185305
10953
-424303
-228583
-83266
750000
-699253
0
350000
-311188
-373
-54000
-203639
-147961
-399680
11729
80,831
257,713
257713
29130
29130
40859
CC 4
2009
2010
276657
132083
188094
1823
1962
-394
-7750
-253
0
0
0
0
2955
0
646
239586
703326
178682
1998
5307
1792
-3550
190
-469
0
0
0
3155
0
0
204179
532367
-26533
38603
-278912
-25815
8318
-568
0
-284907
-95543
-55853
96073
12235
9508
-15136
0
-48716
226927
645346
-22422
-507
-227390
395027
-138870
344781
-36556
-608
-217842
89775
-60167
0
-992
0
0
-57313
0
710
-23000
154
-140608
-48828
0
-150
0
0
-140410
0
101785
477
-10128
-97254
0
0
-50000
0
0
0
-415
-54000
0
-164826
-269241
-14822
0
194444
-31250
-166667
0
-77778
-498
-54000
0
132323
-3426
-10905
40859
26037
26037
15132
Per share
Sales
Net Income
Dividends
Equity
Years 6-10
4.44%
-0.45%
6.75
Sales
Cost of sales
Gross profit
Selling and distribution expenses
General and administrative expenses
Other operating expenses
Other operating income
Operating Profit
Financial charges
Fair value loss/gain on investment property
Profit before Taxation
Taxation
Profit after Taxation
As % of Sales
2009
3,081,288
2,469,963
611,325
179,504
106,351
12,899
20,141
278,613
100
80
20
6
3
0
1
9
3,568,352
2,747,957
820,395
204,213
100,292
20,620
13,223
311,902
332,712
204,179
3,550
132,083
8,723
140,806
11
7
0
4
0
5
508,493
239,586
7,750
276,657
107,481
169,176
2008
As % of Sales
2007
As % of Sales
2006
As % of Sales
100
77
23
6
3
1
0
9
2,685,176
2,137,311
547,865
139,213
72,261
10,246
16,308
205,412
100
80
20
5
3
0
1
8
2,533,603
1,911,635
621,968
118,521
60,134
12,547
6,879
184,323
100
75
25
5
2
0
0
7
2,157,767
1,692,386
465,381
102,217
56,422
9,326
11,355
156,610
100
78.43228671
21.56771329
4.737165783
2.614832834
0.432206072
0.526238468
7.257966222
14
7
0
8
3
5
342,453
212,824
390
129,239
63,631
65,608
13
8
0
5
2
2
437,645
207,791
4,941
234,795
97,482
137,313
17
8
0
9
4
5
308,771
142,055
0
166,716
47,202
119,514
14.30974707
6.583426292
0
7.726320775
2.187539248
5.538781527
ASSETS
NON CURRENT ASSETS
Operating fixed assets
Capital work in progress
Intangible Assets
Investment Properties
Long term investments
Deferred cost
Long term deposits
CURRENT ASSETS
Stores, spares and loose tools
Stock in trade
Trade debts
Loans and advances
Trade deposits and short term prepayments
Other receivables
Tax refunds due from Government
Taxation - net
Cash and bank balances
TOTAL ASSETS
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES
Authorized share capital 75,000,000 (2005: 75,000,000) shares of Rs. 10/- each
Issued, subscribed and paid up capital
Reserves
As % of TA
2510171
24156
2534327
0
0
1817
1751
14658
2552553
70.50053939
0.678444229
71.17898362
0
0
0.051032173
0.0491785
0.411683868
71.69087816
301796
144617
201342
21572
5205
2177
5974
67550
257713
1007946
3560499
8.47622763
4.061705958
5.654881521
0.605870132
0.146187374
0.061143115
0.167785471
1.897205982
7.238114658
28.30912184
100
750000
300000
326839
626839
21.06446316
8.425785262
9.179584098
17.60536936
638574 17.93495799
83266 2.338604785
739251 20.76256727
0
0
261187 7.335685251
0
0
169921 4.772392858
1253625 35.20925016
21094
28520
431977
359870
0
1041461
0
0.592445048
0.801011319
12.1324848
10.10729114
0
29.25042248
0
3560499
100
As % of TA
2008
As % of TA
2009
As % of TA
2010
As % of TA
2,359,749
47679
2407428
1538
82140
65542
901
14205
2571754
66.7830306
1.34935881
68.1323894
0.04352679
2.32463628
1.85489787
0.02549911
0.40201435
72.7829638
2316478
104377
2420855
4141
70950
65105
0
11475
2572528
66.357406 2422693
2.9899645
32919
69.347371 2455612
0.1186223
3310
2.0324208
78700
1.864986
87786
0
0
0.3287108
11321
73.692168 2636729
63.659807
0.86499494
64.524802
0.0869751
2.06795777
2.30670573
0
0.29747586
69.2839164
2299211
54380
2353591
1462
0
82250
87400
21449
2546152
61.2399485
1.44842226
62.6883708
0.03894066
0
2.19074533
2.32791662
0.57129844
67.8172719
290006
102285
444614
26163
8195
307
439
60563
29130
961702
3533456
8.20743204
2.89475799
12.5829783
0.74043656
0.23192591
0.00868838
0.0124241
1.71398767
0.82440534
27.2170362
100
315257
144335
297437
34984
22790
836
439
61446
40859
918383
3490911
9.0307945 341790
4.1345941 105732
8.5203261 573001
1.0021453
61151
0.6528382
14120
0.0239479
1404
0.0125755
45723
1.7601709
0
1.1704395
26037
26.307832 1168958
100 3805687
8.98103286
2.77826316
15.0564405
1.60683209
0.37102368
0.03689216
1.20143879
0
0.68416031
30.7160836
100
437333
161585
473583
48916
4612
16540
43570
7007
15132
1208278
3754430
11.6484526
4.30384905
12.6139787
1.30288752
0.12284155
0.44054623
1.16049573
0.18663286
0.40304387
32.1827281
100
750000
360000
404477
764477
21.2256782
10.1883255
11.4470649
21.6353904
750000
360000
415650
775650
21.484363
10.312494
11.906634
22.219128
750000
360000
530505
890505
19.7073485
9.45952728
13.9397959
23.3993232
750000
360000
616933
976933
19.9764012
9.58867258
16.4321348
26.0208074
643372 18.2080094
643372
18.429917
749059
19.6826223
749059 19.9513375
0
0
584158 16.5321996
0
0
0
50000
750000
0
1.4322909
21.484363
0
18750
583333
0
0.49268371
15.327929
0
0
172222 4.58716769
416666 11.0979829
217438
913
246640
1049149
6.15369202
0.02583873
6.98013503
29.6918654
350000
491
294525
1445016
190038
51006
442930
392484
0
1076458
0
5.37824725
1.44351592
12.5353195
11.1076521
0
30.4647348
0
221291
60191
294969
50422
0
626873
0
3533456
100
3490911
10.026036 272222
0.0140651
0
8.4369094 357528
41.393665 1231833
7.15303177
0
9.39457186
32.3682163
194444 5.17905514
0
0
316806 8.43819168
1100138 29.3023974
6.3390616
1.7242204
8.4496282
1.4443794
0
17.95729
0
445311
72387
130143
276193
10256
934290
0
11.7011988
1.90207445
3.41969794
7.25737561
0.26949142
24.5498382
0
321693
58724
262466
285417
0
928300
0
8.56835791
1.56412558
6.99083483
7.60213934
0
24.7254577
0
100 3805687
100
3754430
100
2010
As % of 06
257713
2177
301796
1007946
1041461
2510171
1253625
2933660
626839
3,081,288
-2,469,963
-179,504
-106,351
-258,472
132,083
140,806
1703.0994
13.162031
69.008284
83.420041
112.19013
109.17532
113.95161
105.62244
64.16397
142.79985
145.94561
175.61071
188.49208
177.94362
79.226349
117.81549
2009
29130
307
290006
961702
1076458
2,359,749
1049149
2768979
764477
3,568,352
-2,747,957
-204,213
-100,292
-298,679
276,657
169,176
As % of 06
192.5059477
1.856106409
66.3123981
79.59277583
115.9601422
102.6329902
95.36521782
99.693321
78.25275633
165.3724429
162.3717639
199.7837933
177.7533586
205.6239028
165.9450803
141.5532908
40859
836
315257
918383
626873
2316478
1445016
2715261
775650
2,685,176
-2,137,311
-139,213
-72,261
-189,104
129,239
65,608
As % of 06
270.017182
5.05441354
72.0862592
76.007591
67.5291393
100.750997
131.348613
97.7592775
79.3964376
124.442352
126.289806
136.193588
128.072383
130.187601
77.5204539
54.8956608
2007
26037
1404
341790
1168958
934290
2422693
1231833
2915182
890505
2,533,603
-1,911,635
-118,521
-60,134
-177,444
234,795
137,313
As % of 06
172.0658208
8.488512696
78.15326079
96.74578201
100.6452655
105.370625
111.9707709
104.9571611
91.15312923
117.4178213
112.9550233
115.9503801
106.578994
122.1603387
140.8353127
114.8928159
2006 = 100%
15132
16540
437333
1208278
928300
2299211
1100138
2777497
976933
2,157,767
-1,692,386
-102,217
-56,422
-145,255
166,716
119,514
Sales
Net Income
Dividends
Book Value per share
Average Shares outstanding
2007
2008
2010
9.912089 8.559133
0.469933 0.391128
0
0
2.473625 2.713703
360000
360000
Ittehad Chem
2006
As % of Inflows
166,716
9.34
151,281
0
451
-49
0
0
0
850
0
326
3108
0
0
142055
464738
8.48
0.00
0.03
0.00
0.00
0.00
0.00
0.05
0.00
0.02
0.17
0.00
0.00
7.96
26.05
-27003
-51858
-32399
97194
-1299
6787
53471
44893
-1.51
-2.91
-1.82
5.45
-0.07
0.38
3.00
2.52
34782
544413
-1696
-421
0
542296
1.95
30.51
-0.10
-0.02
0.00
30.40
-1,336,357
0
0
-1,278,189
-74.90
0.00
0.00
-71.64
0
-495,011
0
90
-1,000
0
-554,089
0.00
-27.75
0.00
0.01
-0.06
0.00
-31.06
-83,267
360,000
-166,649
0
150,000
-12,500
0
0
-131,489
72,580
188,675
176,882
80,831
257,713
-4.67
20.18
-9.34
0.00
8.41
-0.70
0.00
0.00
-7.37
4.07
10.58
9.91
4.53
14.44
2007
As % of Inflows
2008
As % of Inflows
2009
As % of Inflows
2010
234795
15.148
129239
5.2613
276657
16.954
132083
194701
167
523
-361
-4941
-47
0
850
0
0
757
0
0
207791
634235
12.561
0.011
0.034
-0.023
-0.319
-0.003
0.000
0.055
0.000
0.000
0.049
0.000
0.000
13.406
40.918
181901
655
1600
53
390
-156
0
901
0
0
1261
0
0
212824
528668
7.4052
0.0267
0.0651
0.0022
0.0159
-0.0064
0.0000
0.0367
0.0000
0.0000
0.0513
0.0000
0.0000
8.6641
21.5221
188094
1823
1962
-394
-7750
-253
0
0
0
0
2955
0
646
239586
703326
11.527
0.112
0.120
-0.024
-0.475
-0.016
0.000
0.000
0.000
0.000
0.181
0.000
0.040
14.682
43.102
178682
1998
5307
1792
-3550
190
-469
0
0
0
3155
0
0
204179
532367
11790
42332
-239244
-2962
-2990
1870
0
-189204
0.761
2.731
-15.435
-0.191
-0.193
0.121
0.000
-12.207
-25251
-42050
146026
-8821
-14595
-529
0
54780
-1.0280
-1.7119
5.9447
-0.3591
-0.5942
-0.0215
0.0000
2.2301
-26533
38603
-278912
-25815
8318
-568
0
-284907
-1.626
2.366
-17.092
-1.582
0.510
-0.035
0.000
-17.460
-95543
-55853
96073
12235
9508
-15136
0
-48716
-38979
406052
-665
-232
0
405155
-2.515
26.197
-0.043
-0.015
0.000
26.139
29766
613214
-17085
0
0
596129
1.2118
24.9639
-0.6955
0.0000
0.0000
24.2684
226927
645346
-22422
-507
-227390
395027
13.907
39.549
-1.374
-0.031
-13.935
24.208
-138870
344781
-36556
-608
-217842
89775
-39690
0
-1705
36414
-2.561
0.000
-0.110
2.349
-138911
0
-3258
24421
-5.6551
0.0000
-0.1326
0.9942
-60167
0
-992
0
-3.687
0.000
-0.061
0.000
-48828
0
-150
0
0
-59937
-82140
570
-63400
453
-209435
0.000
-3.867
-5.299
0.037
-4.090
0.029
-13.512
11190
-81120
0
228
0
2730
-184720
0.4555
-3.3024
0.0000
0.0093
0.0000
0.1111
-7.5200
0
-57313
0
710
-23000
154
-140608
0.000
-3.512
0.000
0.044
-1.410
0.009
-8.617
0
-140410
0
101785
477
-10128
-97254
-83266
350000
-490288
0
50000
-76312
-85
0
-185305
10953
-424303
-228583
257713
29130
-5.372
22.580
-31.631
0.000
3.226
-4.923
-0.005
0.000
-11.955
0.707
-27.374
-14.747
16.626
1.879
-83266
750000
-699253
0
350000
-311188
-373
-54000
-203639
-147961
-399680
11729
29130
40859
-3.3898
30.5325
-28.4666
0.0000
14.2485
-12.6685
-0.0152
-2.1983
-8.2901
-6.0235
-16.2710
0.4775
1.1859
1.6634
0
0
-50000
0
0
0
-415
-54000
0
-164826
-269241
-14822
40859
26037
0.000
0.000
-3.064
0.000
0.000
0.000
-0.025
-3.309
0.000
-10.101
-16.500
-0.908
2.504
1.596
0
194444
-31250
-166667
0
-77778
-498
-54000
0
132323
-3426
-10905
26037
15132
of Cash flows CC 10
As % of Inflows
9.308
12.592
0.141
0.374
0.126
-0.250
0.013
-0.033
0.000
0.000
0.000
0.222
0.000
0.000
14.389
37.517
-6.733
-3.936
6.770
0.862
0.670
-1.067
0.000
-3.433
-9.786
24.297
-2.576
-0.043
-15.352
6.327
-3.441
0.000
-0.011
0.000
0.000
-9.895
0.000
7.173
0.034
-0.714
-6.854
0.000
13.703
-2.202
-11.745
0.000
-5.481
-0.035
-3.805
0.000
9.325
-0.241
-0.768
1.835
1.066
cash flow adequacy ratio = 6 year sum of sources from casf operations / 6 year sum of capital expenditures, inventor
cash reinvestment ratio = (Cash provided by operations - Dividends) / (Total Assets + Accumulated Depriciation - Cur
Year 10
= 1.19%
Year 9
= 12.347%
Year 8
= 17.79%
Year 7
= 15.27%
Year 6
= 20.30%
= 13.379%
Cash reinvestment ratio provides insight into the amount of cash retained and reinvested into the company for both as
Ittehad Chemicals recent five year average is 13.379% which is a satisfactory reinvestment rate. Year 2010 is an except
This is mainly due to the decrease in cash provided by the operations in year 2010
low Ratios CC 11
0 + 54000) + (-658554)
rates sufficient cash from operations to cover the capital expenditures, investment in inventories and cash dividends.
06 to 2010, is 1.034. It implies that funds generated from operations are sufficent to cover these items.
= 15.27%
= 20.30%
= 13.379%
reinvested into the company for both asset replacement & growth.
investment rate. Year 2010 is an exception beacause there is considerable decrease in the reinvestment ratio of this year.
Years
2006
0.967819
0.249544
991.1654
11.702
0.363209
30.76
31.1232
0.072381
0.112289
-33515
4.487
26.63621
0.520707
2007
0.893395
0.027346
2039.938
15.4847
0.043622
19.26
19.3036
0.008244
0.013704
-114756
35.788
16.4844
0.382597
CC 12
2008
1.465022
0.066513
4698.471
17.3328
0.112082
24.311
24.42308
0.011704
0.019721
291510
37.27336
12.8503
0.699957
2009
1.251173
0.029371
3186.029
21.977
0.141645
13.8515
13.99315
0.006842
0.01202
234668
58.3386
44.3455
0.506068
2010
1.301603
0.034118
343.4338
18.479
1.932439
23.55
25.48244
0.00403
0.00746
279978
46.88713
21.4047
0.096398
Ittehad Chemicals Limited Common-Size Analysis of Current Assets and Current Liabiliti
2006
As % of TCA
CURRENT ASSETS
Stores, spares and loose tools
Stock in trade
Trade debts
Loans and advances
Trade deposits and short term prepayments
Other receivables
Tax refunds due from Government
Taxation - net
Cash and bank balances
Total Current assets
301796
144617
201342
21572
5205
2177
5974
67550
257713
1007946
CURRENT LIABILITIES
Trade and other payables
Mark up accrued
Short term borrowings
Current portion of long term liabilities
Provision for taxation - net
Total Current Liabilities
2006 As % of TCL
21094
2.0254239
28520
2.738460682
431977
41.47798141
359870
34.55434241
0
0
1041461
100
29.94168338
14.34769323
19.97547488
2.140194018
0.516396712
0.215983793
0.592690481
6.701747911
25.56813559
100
2007
290006
102285
444614
26163
8195
307
439
60563
29130
961702
As % of TCA
30.15549515
10.63583106
46.23199286
2.720489299
0.852135069
0.031922571
0.045648236
6.297480924
3.029004827
100
2007 As % of TCL
190038
17.65400972
51006
4.738317705
442930
41.1469839
392484
36.46068867
0
0
1076458
100
As % of TCA
2009
As % of TCA
2010
As % of TCA
315257
144335
297437
34984
22790
836
439
61446
40859
918383
34.32739935
15.7162099
32.38703243
3.809303961
2.481535481
0.09102956
0.047801407
6.690672628
4.44901528
100
341790
105732
573001
61151
14120
1404
45723
0
26037
1168958
29.23886059
9.044978519
49.01809988
5.23124013
1.207913372
0.120106967
3.911432233
0
2.227368306
100
437333
161585
473583
48916
4612
16540
43570
7007
15132
1208278
36.1947333
13.3731641
39.1948707
4.04840608
0.38170024
1.36889027
3.60595823
0.57991621
1.2523608
100
2008 As % of TCL
221291 35.30077065
60191
9.60178537
294969 47.05402849
50422 8.043415492
0
0
626873
100
2009
445311
72387
130143
276193
10256
934290
As % of TCL
47.66303824
7.747808496
13.929615
29.56180629
1.097731968
100
2010
321693
58724
262466
285417
0
928300
As % of TCL
34.6539912
6.32597221
28.2738339
30.7462027
0
100
2006
2007
2008
2009
Redeemable capital
Long term financing
Long term diminishing musharaka
Long term murabaha
Liabilities against assets sunject to finance lease
Deferred liabilities
Total Long term Liabilities
Current Liabilities
Total liabilities
83266
739251
0
261187
0
169921
1253625
1041461
2295086
0
584158
0
217438
913
246640
1049149
1076458
2125607
0
50000
750000
350000
491
294525
1445016
626873
2071889
0
18750
583333
272222
0
357528
1231833
934290
2166123
1265413
3560499
1407849
3533456
1419022
3490911
1639564
3805687
2010
0
172222
416666
194444
0
316806
1100138
928300
2028438
1725992
3754430
2007
2008
2009
2010
Measures
Total debt to equity
Total debt ratio
Long term Debt to equity
Equity to total debt
Fixed assets to equity
Current Liabilities to total liabilities
Earnings to fixed charges
Cash flow to fixed charges
1.131974
0.530951
3698266
0.883412
1.9836
0.453779
2.17360
2007
2008
7.545
19.066
0.403
19.066
10.528
19.738
0.561
19.738
7.511
8.519
0.438
1.507
Disaggregation of ROCE
RNOA
LEV
Spread ( (ROCE - RNOA) / LEV))
ROE {RNOA + (LEV * SPREAD)}
7.545
5.68
2.028
19.066
10.528
5.098
1.807
19.738
7.511
4.56
0.221
8.519
Disaggreagation of RNOA
NOPAT margin
NOA turnover
RNOA (margin * turnover)
8.585
0.8788
7.544
10.364
1.015
10.519
7.65
0.9816
7.509
2009
2010
10.042
20.307
0.86
13.825
6.515
15.08
0.583
9.296
10.042
4.379
2.344
20.307
6.515
4.048
2.116
15.08
8.55
1.174
10.038
6.47
1.005
6.502
2006
8.373
991.165
14.924
-64.382
0.86
89.326
4.995
2007
2008
2009
86.976
65.718 137.049
8252.8 3211.933 2541.561
24.77
18.604
33.749
-22.08
9.211
15.206
1.074
1.159
1.473
19.288
14.962
31.048
5.72
9.103
27.419
2010
203.627
186.293
19.069
11.005
1.34
55.179
11.74
2006
21.567
14.309
5.538
2007
24.548
17.273
5.419
2008
20.4
12.753
2.443
2009
22.99
14.25
4.741
2010
19.839
10.797
4.569
cc11 formulae
6
10
cgs
avg inv
4th
sales
cgs/360
6th
30.76
19.26
24.311
13.8515
23.55
257713
29130
40859
26037
15132
ar
2177
307
836
1404
16540
ta
3560499
3533456
3490911
3805687
3754430
8th
0.00403
Liabilities
2295086
2071889
2166123
2028438
9th
0.01202
0.00746
ca
cl
1007946
1041461
961702
1076458
918383
626873
1168958
934290
1208278
928300
-33515
-114756
291510
234668
279978
ap
21094
190038
221291
445311
321693
11th
4.487
35.788 37.27336
58.3386 46.88713
12th
125700
-87446
-76120
-338175
-143568
542296
405155
596129
395027
89775
931295
cash
working capital
2125607
13th
cash frm oprts
avg lib
1041461
13th
CC20
sales
cash & equivalents
receivables
inventories
working capital
fixed asstes
8.373
86.976
65.718 137.049
991.165 8252.779 3211.933 2541.561
14.921
24.770
18.604
33.749
-64.382
-22.078
9.211
15.206
0.860
1.074
1.159
1.473
89.326
19.288
14.962
31.048
4.995
5.720
9.103
27.419
203.627
186.293
19.069
11.005
1.340
55.179
11.740
8.373
86.976
65.718 137.049
991.165 8252.779 3211.933 2541.561
14.924
24.77
18.604
33.749
-64.382
-22.078
9.211
15.206
0.86
1.074
1.159
1.473
89.326
19.288
14.962
31.048
4.995
5.72
9.103
27.419
203.627
186.293
19.069
11.005
1.34
55.179
11.74
intangilble assets
Investment Properties
Capital work in progress
0
0
24156
24156
24156
1538
82140
47679
131357
131357
CC21
4141
70950
104377
179468
179468
3310
78700
32919
114929
114929
1462
0
54380
55842
55842
Net sales
Cost of goods sold
EBIT
NI
CC 18
total debt
equity cap
1432415
1265413
2nd
0.530951 0.469212
2432853
2047035
2595460
1878753
1829130
3rd
3698266
3454884
4014482
3518317
3555122
4th
2510171 2,359,749
5th
6th
7th
1244526
1407849
1.9836
1.6761
1444969
1419022
2316478
1004448
1639564
1045798
1725992
2422693
2299211
1.63244 1.477645
1.33211
CC19
6
TA
3560499
CL
1041461
PAYBLES
21094
1/2 Deferred Income
84960.5
CL-PAYBLES
1020367
CL-PAYBLES + 1/2 Deferred Income
1105328
TA - (CL-PAYBLES + 1/2 Deferred
2455172
Income)
NOA
2455172
7
8
3533456 3490911
1076458
626873
190038
221291
123320 147262.5
886420
405582
1009740 552844.5
2523716 2938067
2532716 2938067
9
3805687
934290
445311
178764
488979
667743
3137944
3137944
10
3754430
928300
321693
158403
606607
765010
2989420
2989420
ebit
ebit (.6)
NOPAT = EBIT (1 - TAX)
308,771
185262.6
185262.6
Average NOA
2455172
2493944
2735392
3038006
3063682
65749
125274
139864
135920
58821
SE (TA - TL)
1265413
1407849
1419022
1639564
1725992
equity
Avg common equity
626839
764477
775650
890505
976933
626839
695658 770063.5 833077.5
933719
626839
695658 770063.5 833077.5
933719
119,514 137,313
65,608 169,176 140,806
19.06614 19.73858 8.519817 20.30735 15.08013
19.066
19.738
8.519
20.307
15.08
19.066
19.738
8.519
20.307
15.08
NI
ROCE = (NI - P DIV) / avg CE
-12,547
12547
7528.2
7528.2
20075.2
-10,246
10246
6147.6
6147.6
16393.6
-20,620
20260
12156
12156
32416
-12,899
12899
7739.4
7739.4
20638.4
2047035
2239944
2239944
3576575
3576575
2595460
2321248
2321248
3734683
3734683
1878753
2237107
2237107
3766400
3766400
1829130
1853942
1853942
3536720
3536720
2432853
2432853
2432853
avg long term lib + avg equity 3698266
3698266
equity
avg equity
return on ltd and equity
return on ltd and equity
div paid
NI - Div paid
Equity grwth rate
0
0
54000
54000
54000
119,514 137,313
11,608 115,176
86,806
19.06614 19.73858 1.507408 13.82536 9.296801
19.066
19.738
1.507
13.825
9.296
TA
3560499 3533456 3490911 3805687
avg TA
3560499 3546978 3512184 3648299
LEV = (avg assets / avg common
5.680085
equity) 5.098737 4.560901 4.379303
5.68
5.098
4.56
4.379
3754430
3780059
4.04839
4.048
sales
2,157,767 2,533,603 2,685,176 3,568,352 3,081,288
NOPAT MARGIN (nopat / sales8.585848
)
10.36417 7.652079 8.550048 6.478693
8.585
10.364
7.65
8.55
6.47
NOA turnover (sales / avg noa)0.878866 1.015902 0.981642 1.174571 1.005747
0.8788
1.015
0.9816
1.174
1.005