Appendix - A

BALANCE SHEET
FOR THE YEAR ENDED

EQUITY AND LIABILITIES

Share Capital and Reserves
Share Capital

Fauji Fertilizer Corporation

As At December 31
2013
2012
Rupees '000
12,722,382
160,000
12,258,373

12,722,382
160,000
12,877,129

10,508
25,151,263

7,695
25,767,206

4,280,000
4,078,369
8,358,369

3,870,000
3,915,259
7,785,259

Current liabilities
Trade and other payables
Interest and mark-up accrued
Short term borrowings
Current portion of long term borrowing
Taxation

21,854,125
22,098
7,000,000
1,460,000
3,983,215

16,125,589
24,921
4,990,000
1,433,750
4,542,926

Total Current liabilities

34,319,438

27,117,186

Total
ASSETS
NON-CURRENT ASSETS
Fixed Asset-Property, plant and equipment
Intangible assets
Long term investments
Long term loan and advances
Long term deposits and prepayments

67,829,070

60,669,651

18,444,188
1,651,592
20,662,532
740,408
2,654

17,818,755
1,678,639
9,511,865
700,786
5,111

Total Non-Current Assets

41,501,374

29,715,156

CURRENT ASSETS
Stores,spares and loose tools

3,244,645

3,098,938

Capital reserves

Revenue resrves
Surplus on remeasurement of investment
avalible for sale to fair value
Non Current Liabilities
Long term borrowings
Deferred liabilities

Stock-in-trade
Trade debts
Loans and advances
Deposits and prepayments
Other receivables
Short term investments
Cash and bank balances

301,957
700,541
921,460
46,984
790,163
18,960,295
1,361,651

442,139
3,611,476
677,977
35,670
588,667
18,750,996
3,748,632

Total Current Assets

26,327,696

30,954,495

Total Assets

67,829,070

60,669,651

Source: Fauji Fertilizer Corporation (2011-2013) Annual Reports

lizer Corporation
December 31
2011
pees '000
8,481,588
160,000
14,029,206
10,258
22,681,052
2,703,750
3,623,060
6,326,810
12,329,687
79,826
8,735,650
1,615,655
3,762,236
26,523,054

55,530,916

17,050,951
1,569,234
8,659,073
605,883
9,370

27,894,511

2,447,452

636,923
86,669
431,582
53,852
891,673
21,794,480
1,293,774

27,636,405

55,530,916

Appendix - C
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED

Net sales
Cost of sales
Gross profit
Distribution expenses
Administration expenses
Operating profit
Finance cost
Other Expenses
Other Income
Net Income before Taxation
Provision for Tazation
Profit after taxation
Earnings per share basic and diluted (Rupees)
Profit after taxation

Fauji Fertilizer Corporation

December
2013
2012
2011
Rupees '000
74,480,611
74,322,612
55,221,168
(39,948,572) (38,300,128) (20,871,759)
34,532,039
36,022,484
34,349,409
(6,167,280) (5,553,529) (4,372,151)
28,364,759
30,468,955
29,977,258
(756,215)
(999,457)
(785,825)
(2,557,937) (2,685,236) (2,654,881)
25,050,607
26,784,262
26,536,552
4,367,941
4,267,852
6,629,501
29,418,548
31,052,114
33,166,053
(9,284,000) (10,191,987) (10,674,000)
20,134,548
20,860,127
22,492,053
15.83
16.40
26.52
20,134,564
20,860,127
22,492,080

Source: Fauji Fertilizer Corporation (2011-2013) and Engro Fertilizer Corporation (2013) , Annual Reports

Engro Fertilizer
December
2013
Rupees '000
50,128,936
(28,007,905)
22,121,031
(3,511,155)
(600,990)
18,008,886
(8,669,569)
(2,060,015)
7,279,302
1,104,650
8,383,952
(2,886,847)
5,497,105
5
5,497,105

13) , Annual Reports

Appendix - D
Ratios

Sales Growth (%)

Profitability Analysis
GP Margin (%)
NP Margin (%)
ROCE (%)
EPS (Rs.)
ROE (%)
ROA (%)
Efficiency Analysis
Debtors Turnover (Times)
Debtor Collection Period (Days)
Inventory Turnover (Times)
Creditor Turnover (Times)
Creditor Payable Period (Days)
Total Assets Turnover (Times)
Liquidity Analysis
Current Ratio (Times)
Quick Ratio (Times)
Investor's Analysis
Price/Earning Ratio (Times)
Dividend Payout Ratio (%)
Dividend Yield (%)
Sources:

ENGRO
2013
63.70
ENGRO
2013
44.13
10.97
8.32
4.66
26.90
38.46
ENGRO
2013
275.69
1.31
18.25
105.52
3.41
0.63
ENGRO
2013
0.36
0.34
ENGRO
2013
4.66
46.77
7.45

2013
0.21

FFC
2012
34.59

2011
25.10

2013
46.36
33.63
74.76
15.83
80.05
29.68

FFC
2012
48.47
36.04
79.83
16.40
80.96
34.38

2011
62.20
48.06
91.48
26.52
99.17
40.05

2013
34.55
10.42
188.00
144.48
2.49
1.10

FFC
2012
40.2
8.96
151.68
60.99
5.90
1.23

2011
248.18
1.45
162.43
33.45
10.76
0.99

2013
0.77
0.76

FFC
2012
1.14
1.13

2011
1.04
1.02

2013
7.07
71.72
11.35

FFC
2012
7.14
64.04
10.50

2011
8.46
55.62
14.75

(Engro Fertilizer Cor, 2013)

(Fauji Fertilizer Company, 2013:2011)

Formula

((Current Year Sales-Last Year Sales)/Last Year Sales) *100

36.82
(Gross Profit/Net Sales)*100
(Net Profit/Net Sales)*100
(EBIT/(Total Assets-Current Liabilities))*100
Profit to Shareholders/Average outstanding shares
Net income/Shareholder Equity
Net income/Total Assets

11.65

-91.48

Net Credit Sales/ Average Trade Debtor

(Average Trade Debtors/Sales Revenue)*365 (page 24 2013)
Cost of Goods Sold/Average Inventory
Net Credit Sales/ Average Trade Creditor
(Average Trade Creditor/Sales Revenue)*365 (page 24 2013)
Sales/Total Asset
30365756 84646514
1381665
Current Assets/Current Liabilities
Current Assets-Inventory/Current Laibilities

Market Value Per Share/Earnings Per Share

(Dividends Per Share/Earnings Per Share)*100
(Dividends Per Share/Market Value Per Share)*100

Appendix - B
BALANCE SHEET
FOR THE YEAR ENDED

EQUITY AND LIABILITIES

Share capital
Share premium
Advances against issue of shares
Hedging Reserve
Remeaasurement of post employment benefits
Unappropriated profits

ENGRO Fertilizer Company

As At December 31
2013
Rupees '000

Total Shareholder's Equity

12,228,000
11,114
2,118,750
(147,644)
(20,886)
10,879,868
12,841,202
25,069,202

NON-CURRENT LIABILITIES
Borrowings
Subordinated loan from Holding Company
Derivatives financial instruments
Deferred liabilities
Retirement and other service benefits obligations

52,896,382
3,000,000
1,531,252
4,654,523
104,053

Total Non Current Liabilities

62,186,210

CURRENT LIABILITIES
Trade and other payables
Accrued interest / mark up
Current portion of:
borrowing
Retirement and other service benefits obligations
Derivative financial instrument

Total Liabilities
Total Equity and Liabilities
ASSETS
NON CURRENT ASSETS
Property, plant and equipment
Intangible assets
Long term loans and advances
Total Non Current Assets

18,012,445
1,479,667
2,924,299
43,893
213,041
22,460,304
84,646,514
109,928,787

79,315,218
138,464
109,349
79,563,031

CURRENT ASSETS
Stores and spares and loose tools
Stock in trade
Trade debts
Derivative financial instrument
Loans, advances, deposits and prepayments
Other receivables
Taxation - payments less provision
Short term investment
Cash and bank balances
Total Current assets
Total assets

Source: Engro Fertilzer Corporation (2013) Annual Reports

4,368,863
1,381,665
758,253
130,207
625,832
28,177
556,314
18,058,054
4,458,391
30,365,756
109,928,787

ertilizer Company