Lucky Cement Factory Ltd

Balance Sheet
June 30,2012
Horizontal/Index Analysis
2011
2012
(Rupees in '000')

Increase/Decrease

ASSETS
CURRENT ASSETS
Cash and bank balances
Taxation - net
Tax refunds due from the Government
Other receivables
Trade deposits & short term prepayments
Loans and advances
Trade debts
Stock-in-trade
Stores and spares
Total Current Assets
NON-CURRENT ASSETS
Property, plant and equipment
Intangible assets
Long-term advance
Long-term deposits
Total Non-Current Assets

Total Assets
EQUITY AND LIABILITIES
LIABILITIES
CURRENT LIABILITIES
Trade and other payables
Accrued mark-up
Short-term borrowings
Current portion of long-term finance
Total Current Liabilities
NON-CURRENT LIABILITIES
Long-term finance
Long-term deposits
Deferred liabilities
TOTAL NON CURRENT LIABILITIES

TOTAL LIABILITIES

351,202
41,652
538,812
218,884
38,669
72,164
620,961
1,248,538
6,313,584
9,444,466

844,422
126,361
538,812
105,677
67,894
148,189
1,050,639
1,276,433
5,396,220
9,554,647

493,220
84,709
0
-113,207
29,225
76,025
429,678
27,895
-917,364

140.44
203.37

31,705,156
1,685
55,373
3,175
31,765,389

31,016,532
1,514
55,373
3,175
31,076,594

-688,624
-171
0
0

-2.17
-10.15

41,209,855 40,631,241

4,043,689
85,448
6,302,252
265,400
10,696,789

3,345,605
13,319
0
265,400
3,624,324

-698,084
-72,129
-6,302,252
0

-17.26
-84.41
-100.00

658,298
37,306
2,044,633
2,740,237
13,437,026

392,898
52,752
3,299,522
3,745,172
7,369,496

-265,400
15,446
1,254,889

-40.32
41.40
61.37

SHARE CAPITAL AND RESERVES

Share capital
Reserves
TOTAL EQUITY
TOTAL LIABILITIES AND OWNERS EQUITY
`

-51.72
75.58
105.35
69.20
2.23
-14.53

`
3,233,750
24,539,079
27,772,829

3,233,750
30,027,995
33,261,745

41,209,855 40,631,241

0
5,488,916

22.37

Preston University Islamabad

Corporate Finance
Assignment No#01

Lucky Cement Factory Ltd

Balance sheet analysis of two year
2011 and 2012

Submitted To:

Mr.Kashif Durrani

Submittion Date:

5-Mar-13

Submitted By:

Muhammad Tanvir

Reg No#

1411-309056
BBA 8th G.II

Lucky Cement Factory Ltd

Balance Sheet
June 30,2012
Vertical/Common Size Analysis
2011
(Rupees in '000')

Item %

ASSETS
CURRENT ASSETS
Cash and bank balances
Taxation - net
Tax refunds due from the Government
Other receivables
Trade deposits & short term prepayments
Loans and advances
Trade debts
Stock-in-trade
Stores and spares
Total Current Assets
NON-CURRENT ASSETS
Property, plant and equipment
Intangible assets
Long-term advance
Long-term deposits
Total Non-Current Assets

Total Assets
EQUITY AND LIABILITIES
LIABILITIES
CURRENT LIABILITIES
Trade and other payables
Accrued mark-up
Short-term borrowings
Current portion of long-term finance
Total Current Liabilities
NON-CURRENT LIABILITIES
Long-term finance
Long-term deposits
Deferred liabilities
TOTAL NON CURRENT LIABILITIES

TOTAL LIABILITIES

351,202
41,652
538,812
218,884
38,669
72,164
620,961
1,248,538
6,313,584
9,444,466

0.85
0.10
1.31
0.53
0.09
0.18
1.51
3.03
15.32

31,705,156
1,685
55,373
3,175
31,765,389

76.94
0.00
0.13
0.01

41,209,855

4,043,689
85,448
6,302,252
265,400
10,696,789

9.81
0.21
15.29
0.64

658,298
37,306
2,044,633
2,740,237
13,437,026

1.60
0.09
4.96

3,233,750
24,539,079
27,772,829

7.85
59.55

SHARE CAPITAL AND RESERVES

Share capital
Reserves
TOTAL EQUITY
TOTAL LIABILITIES AND OWNERS EQUITY

41,209,855

Lucky Cement Factory Ltd

Balance Sheet
June 30,2012
Vertical/Common Size Analysis
2012
(Rupees in '000')

Item %

ASSETS
CURRENT ASSETS
Cash and bank balances
Taxation - net
Tax refunds due from the Government
Other receivables
Trade deposits & short term prepayments
Loans and advances
Trade debts
Stock-in-trade
Stores and spares
Total Current Assets
NON-CURRENT ASSETS
Property, plant and equipment
Intangible assets
Long-term advance
Long-term deposits
Total Non-Current Assets

Total Assets
EQUITY AND LIABILITIES
LIABILITIES
CURRENT LIABILITIES
Trade and other payables
Accrued mark-up
Short-term borrowings
Current portion of long-term finance
Total Current Liabilities
NON-CURRENT LIABILITIES
Long-term finance
Long-term deposits
Deferred liabilities
TOTAL NON CURRENT LIABILITIES

TOTAL LIABILITIES

844,422
126,361
538,812
105,677
67,894
148,189
1,050,639
1,276,433
5,396,220
9,554,647

2.08
0.31
1.33
0.26
0.17
0.36
2.59
3.14
13.28

31,016,532
1,514
55,373
3,175
31,076,594

76.34
0.00
0.14
0.01

40,631,241

3,345,605
13,319
0
265,400
3,624,324

8.23
0.03

392,898
52,752
3,299,522
3,745,172
7,369,496

0.97
0.13
8.12
9.22

3,233,750
30,027,995
33,261,745

7.96
73.90

0.65

SHARE CAPITAL AND RESERVES

Share capital
Reserves
TOTAL EQUITY
TOTAL LIABILITIES AND OWNERS EQUITY

40,631,241

Lucky Cement Factory Ltd

Balance Sheet
June 30,2012
Horizontal/Index Analysis
2011
2012
(Rupees in '000')

Increase/Decrease

ASSETS
CURRENT ASSETS
Cash and bank balances
Taxation - net
Tax refunds due from the Government
Other receivables
Trade deposits & short term prepayments
Loans and advances
Trade debts
Stock-in-trade
Stores and spares
Total Current Assets
NON-CURRENT ASSETS
Property, plant and equipment
Intangible assets
Long-term advance
Long-term deposits
Total Non-Current Assets

Total Assets
EQUITY AND LIABILITIES
LIABILITIES
CURRENT LIABILITIES
Trade and other payables
Accrued mark-up
Short-term borrowings
Current portion of long-term finance
Total Current Liabilities
NON-CURRENT LIABILITIES
Long-term finance
Long-term deposits
Deferred liabilities
TOTAL NON CURRENT LIABILITIES

TOTAL LIABILITIES

351,202
41,652
538,812
218,884
38,669
72,164
620,961
1,248,538
6,313,584
9,444,466

844,422
126,361
538,812
105,677
67,894
148,189
1,050,639
1,276,433
5,396,220
9,554,647

493,220
84,709
0
-113,207
29,225
76,025
429,678
27,895
-917,364

140.44
203.37

31,705,156
1,685
55,373
3,175
31,765,389

31,016,532
1,514
55,373
3,175
31,076,594

-688,624
-171
0
0

-2.17
-10.15

41,209,855 40,631,241

4,043,689
85,448
6,302,252
265,400
10,696,789

3,345,605
13,319
0
265,400
3,624,324

-698,084
-72,129
-6,302,252
0

-17.26
-84.41
-100.00

658,298
37,306
2,044,633
2,740,237
13,437,026

392,898
52,752
3,299,522
3,745,172
7,369,496

-265,400
15,446
1,254,889

-40.32
41.40
61.37

SHARE CAPITAL AND RESERVES

Share capital
Reserves
TOTAL EQUITY
TOTAL LIABILITIES AND OWNERS EQUITY
`

-51.72
75.58
105.35
69.20
2.23
-14.53

`
3,233,750
24,539,079
27,772,829

3,233,750
30,027,995
33,261,745

41,209,855 40,631,241

0
5,488,916

22.37

S.No
1
2
3
4
5
6
7
8
9
10
11
12

..Rupees in "000".

2011 Ratios

2012 Ratios

9,444,466
10,696,789
41,209,855
13,437,026
7,562,122
620,961
2,740,237
27,772,829
31,765,389
26,017,519
17,306,400
3,970,400
5,749,534

9,554,647
3,624,324
40,631,241
7,369,496
6,672,653
1,050,639
2,740,237
33,261,745
31,076,594
33,322,535
20,601,261
6,782,416
5,800,612

Current Assets
Current Liabilities
Total Assets
Total Debts
Inventory
Account Recievalbes
Long Term Liabilities
Owner's Equity
Fixed Assets
Sales
Cost Of Goods Sold
Net Profit
Sales Tax

(a)Liquidity Ratio
(1) Current Ratio

2011
Current Assets
Current Liabilities
=

(2)Asset Test Ratio/

Quick Ratio

Working Capital

Current Asset-Inventory
Current Liabilities

C.A-C.L

_9,444,466 _
10,696,789

2012
_9,554,647 _
3,624,324

0.88

2.64

9,444,466-7,562,122
10,696,789

9,554,647-6,672,653
3,624,324

1,882,344.00
10,696,789

2,881,994.00
3,624,324

0.18

0.80

=
=

9,444,466-10,696,789 9,554,647-3,624,324
-1,252,323
5,930,323

(b)Debt Ratio
(1)Debt Ratio

Total Debts
Total Assets

=
=

(2)Debt to Equity
Ratio

_Total Debts _

13,437,026
41,209,855

7,369,496
40,631,241

0.33

0.18

13,437,026

7,369,496

27,772,829

33,261,745

0.48

0.22

=
Owner's Equity
=

*Gross profit
*out standing Shares

2011

2012

8,711,119
323,322

12,721,274
323,322

(d)Profitability
Ratio
(1)Gross Profit
Margin

(2)Net Profit Margin

(3)ROI/ROA

(4)ROE

Gross Profit
Sales

Net Profit
Sales

Net Profit
Total Assets

Net Profit
Owner's Equity

2011

2012

8,711,119
26,017,519

12,721,274
33,322,535

0.33

0.38

3,970,400
26,017,519

6,782,416
33,322,535

0.15

0.20

3,970,400
41,209,855

6,782,416
40,631,241

0.10

0.17

3,970,400
27,772,829

6,782,416
33,261,745

0.14

0.20

3,970,400
323,322

6,782,416
323,322

12.28

20.98

3,970,400
323,322

6,782,416
323,322

12.28

20.98

158
12.28

162
20.98

12.89

7.74

12
158.00

21
162.00

0.08

0.13

8%

13%

(e)Market Ratio
*
(1)Earning per share
(EPS)

(2) Divident per share

(3) Price to Earning

Ratio

(4) Dividnt Yield

Net Profit
Outstanding Shares

Divident Amount
Outstanding Shares

Market price per share

Earning per share

Divident per share

Market price per share

2011
(3)Long Term Debt
Equity Ratio

_Long Term Debts _

Owner's Equity

_2,740,237 _
33,261,745

0.10
30,513,066
38,669

0.08
36,001,982
67,894

13,437,026
27,772,829

7,369,496
33,261,745

0.44

0.20

2,740,237
27,772,829

2,740,237
33,261,745

0.09

0.08

17,306,400
27,772,829

20,601,261
33,261,745

=
=

*Total Capitilization
*Credit Sales
(4)Debts to Tatal
Capitilization

(5)Long TermDebts
to Tatal Capitilization

"Long term Debts+O.E

_Total Debts _
Total Capitilization

_Long term Debts _

Total Capitilization

2012

_2,740,237 _
27,772,829

(c)Activity Ratio
(1)Inventory
Turnover ratio

_Cost Of Goods Sold _

Average Inventory

2.29

365/2.29
159.49 Days

Inventory Turnover
In Days

365/Inventory Turnover
Ratio

=
=

(2)A/RTurnover ratio

Credit Sales
Average A/R

=
=

Inventory Turnover
In Days

365/A/R Turnover Ratio

=
=

Times

38,669
620,961
0.06

Times

3.09

Times

365/3.09
118.22 Days

67,894
1,050,639
0.06

Times

365/.06
5861.30 Days

365/.06
5648.26 Days

Inventory turn over in

days+Avg Collection
period

*Net Sales

Sales - Sales Tax

20,267,985

27,521,923

(4)Assets Turn over

ratio

Net Sales
Total Assets

20,267,985
41,209,855

27,521,923
40,631,241

0.49

0.68

(3)Operating Cycle

0.49

0.68