Professional Documents
Culture Documents
pees in '000')
2007 2008 2009
617732 966292 787308
104752 305492 139183
70684 304661 76103
54 54 54
1167 777 768
32847 0 62258
96757 150294 68691
23609 16480 7936
12457 13978 35751
44196 110600 13068
16495 9236 11936
12490 29717 40124
27875 64203 112117
1514 1612 1457
23055 59371 72315
1747 1385 2607
2572 2915 2059
4203 18717 56925
3634 32847 0
10899 3507 10724
600 2350 18490
950 641 227
1756 229 19628
375858 416586 427193
105450 112886 126543
248642 282275 276506
13233 14371 8404
8533 7054 15740
7787264 7644205 9685281
7683391 7510640 9570865
7075726 7509855 9508720
607665 785 62145
5064 7248 6415
98809 126317 108001
35730 35730 35741
61766 89267 70977
1313 1320 1283
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
354170 0 0
0 0 0
0 99720 378836
133585 0 0
910549 1973539 2608873
298260 283428 29594
42463 72176 110932
569826 1617935 2468347
0 0 0
4080287 3866811 2939564
945660 144100 91965
945660 144100 91965
0 0 0
1812063 2293709 1701777
818255 674802 771469
1347978 2190993 1898619
-354170 -572086 -968311
862867 937178 906186
454070 486577 237795
5627 5247 1841
220 600 300
400 635 316
5007 4012 1225
0 0 0
2926405 2670427 4545316
2500000 2500000 2500000
2000000 2000000 2000000
500000 500000 500000
1624839 1698148 1995324
0 0 0
0 0 0
1301566 972279 2549992
5478591 5940070 5927273
8404996 8610497 10472589
KOHAT CEMENT COMPANY LTD
Profit And Loss Account
For The Year Ended On…. Rupees in (''000'')
Trend Analysis
2005 2006 2007
237 337
219 264
6946 27209
239 289
219 262
223 226
0 0
241 367
301 464
364 460
294 432
359 611
337 399
232 215
218 226
362 402
199 232
0 0
169 151
302 453
-1555 2285
160 400
473 56
-139 52
0 0
105 59
44 57
96 133
226 645
161 177
195 222
147 116
137 157
67 62
93 72
124 113
558 2749
312 352
357 424
172 182
232 164
8 -214
375 733
-77 -241
49 212
273 366
57 217
-22 -42
0 0
0 0
0 0
-13 -25
KOHAT CEMENT COMPANY LTD
BALANCE SHEET
AS ENDED ON DEC 31…… ( Rupees in '000')
Trend anaylsis
2005 2006 2007
CURRENT ASSETS 100 117.13 156.38
Cash and Bank Balance 100 47.12 281.6
Current accounts 100 46 191.61
Deposit accounts 100 81.82 81.82
Cash in hand 100 207.82 480.25
Others 0 0 13517.28
Stock in trade 100 111.84 190.43
Raw material 100 124.52 856.33
Packing material 100 193.71 337.68
Work in process 100 107.16 189.03
Finished goods 100 101 78.61
Trade Debts 100 76.66 50.54
loans,Deposits,Payments,Advances 100 300.1 101.69
Loans-unsecured,considerd goods 100 96.64 115.66
Advances-Unsecured 100 320.66 101.78
Executives 100 81.34 76.52
Employees 100 199.09 211.86
Suppliers and Contractors 100 1224.69 371.95
Excise Duty 100 888.3 76.36
tax-net 100 92.32 82.16
Deposit's 100 77.72 77.72
Prepayments 100 59.38 45.67
Other recievables 100 1087.02 292.18
Stores,spares andloose tools 100 112.65 147.46
Stores 100 74.26 111.04
Spares 100 177.85 210.68
Loose tools 100 126.71 647.41
Spares in transit 100 10.32 21.41
NONE CURRENT ASSETS 100 165.61 200.72
Tangible fixed assets 100 174.49 210.08
Operating fixed assets 100 123.11 198.05
Capital work in process 100 2344.75 718.31
Long term loans 100 112.79 85.02
Long term deoposits 100 155.5 417.71
Utilities 100 100 286.3
Leasing companies 100 223.69 596.83
Others 100 139.59 158.96
Deferred tax asset-net 100 0 0
available tax losses 100 0 0
tax depreciation 100 0 0
retiement benefits 100 0 0
others 100 0 0
TOTAL ASSETS 100 161.13 196.62
CURRENT LIABILITIES 100 258.28 364.98
Current maturities of redeemable capital and loans 100 33.69 187.33
Redeemable capital 100 626.92 3485.93
Foreign Currency Loans 100 0 0
Local Currency loans 100 0 0
Current portion of liabilities against assets subject to finance l 100 211.89 2158.43
Creditors,accrued and other liabilities 100 490.8 489.62
Creditors 100 1858.59 1134.15
accrued expense 100 339.81 192.41
Other liabilities 100 253.6 414.11
Unclaimed divedend 100 0 0
NON-CURRENT LIABILITIES 100 109.01 121.93
Redeemable Capital 100 224.84 508.63
long term loans 100 213.19 482.28
current maturity under liabilities 100 0 0
Long Term Loans 100 103.22 94.79
foreign cuurency loans 100 96.04 90.16
local currency loans 100 98.49 113.95
current portion shown under current liabilities 100 35.6 197.97
Deferred Liabilities 100 78.87 69.76
Liabilities Against Assets Suject To Finance Lease 100 2880.08 4761.64
Long term deoposits 100 286.51 242.54
From distributers 100 64 22
From suppliers 100 152.21 60.88
From employees 100 755.2 755.2
CONTINGENCIES AND COMMITMENTS 0 0 0
SHARE CAPITAL AND RESERVES 100 283.81 536.72
Authorized Capital 100 100 100
200000000 ordinary shares @ Rs.10/-each 100 100 100
50000000 prefrence shares @ Rs.10/-each 100 100 100
Issued,Subscribed And Paid-up Capital 100 162.15 170.25
ordinary shares @Rs.10/-each fully paid in cash 0 0 0
Acumalated Loss 100 0 0
DEFERRED INCOME 0 0 0
TOTAL LIABILTIES 100 161.13 196.62
000')
2008 2009
244.62 199.31
821.24 374.16
825.86 206.3
81.82 81.82
319.75 316.05
0 25620.58
295.8 135.19
597.75 287.85
378.91 969.12
473.05 55.89
44.02 56.88
120.25 162.37
234.21 408.99
123.15 111.31
262.11 319.26
60.67 114.19
240.12 169.6
1656.37 5037.61
690.21 0
26.44 80.84
304.4 2395.08
30.82 10.91
38.1 3265.89
163.44 167.61
118.87 133.25
239.18 234.29
703.08 411.15
17.7 39.5
197.03 249.64
205.36 261.69
210.2 266.15
0.93 73.46
121.69 107.71
534 456.57
286.3 286.39
862.57 685.83
159.81 155.33
0 0
0 0
0 0
0 0
0 0
201.43 244.99
541.15 779.83
52.75 200.38
0 0
0 0
305.69 1161.33
0 0
1061.22 1402.85
1077.75 112.53
327.05 502.66
1175.81 1793.83
0 0
115.56 87.85
77.51 49.46
73.49 46.9
0 0
119.99 89.02
74.35 85.01
185.21 160.49
319.78 541.26
75.77 73.27
5102.53 2493.66
226.16 79.35
60 30
96.65 48.1
605.13 184.77
0 0
489.77 833.63
100 100
100 100
100 100
177.93 209.07
0 0
0 0
0 0
201.43 244.99
KOHAT CEMENT COMPANY LTD
Profit And Loss Account
For The Year Ended On…. Rupees in (''000'')
Percentage Change
2005 & 2006 2006 & 2007
n (''000'')
11.92% 42.14%
13.90% 20.43%
-6.71% 291.71%
59.45% 21.03%
13.90% 19.62%
112.73% 1.47%
-100.00% 0.00%
3.56% 52.37%
52.46% 54.27%
82.99% 26.17%
79.51% 46.96%
59.17% 69.96%
130.78% 18.55%
26.15% -7.44%
65.88% 3.48%
116.64% 11.18%
32.74% 16.37%
0.00% 0.00%
65.63% -10.46%
56.72% 50.01%
-8602.43% -246.88%
-1.74% 150.25%
150.25% -88.18%
-79.91% -137.20%
0.00% 0.00%
-68.66% -44.01%
-44.01% 29.25%
-69.76% 38.03%
72.48% 184.73%
29.22% 9.93%
57.54% 14.03%
-6.61% -20.96%
32.24% 14.92%
-48.10% -7.44%
22.02% -22.85%
17.77% -8.70%
220.85% 392.79%
85.76% 12.94%
99.36% 18.71%
1.23% 5.72%
130.10% -29.50%
-63.66% -2685.70%
87.03% 95.42%
-119.77% 211.22%
-64.62% 333.27%
-203.28% 33.96%
-54.36% 283.13%
-113.83% 92.49%
0.00% 0.00%
0.00% 0.00%
-112.02% 86.00%
KOHAT CEMENT COMPANY LIMITED
BALANCE SHEET
Percentage Change
2005 & 2006 2006 & 2007 2007 & 2008
CURRENT ASSETS 17.13% 33.51% 56.43%
Cash and Bank Balance -52.88% 497.59% 191.63%
Current accounts -54.00% 316.52% 331.02%
Deposit accounts -18.18% 0.00% 0.00%
Cash in hand 107.82% 131.09% -33.42%
Others 0.00% 0.00% -100.00%
Stock in trade 11.84% 70.27% 55.33%
Raw material 24.52% 587.71% -30.20%
Packing material 93.71% 74.32% 12.21%
Work in process 7.16% 76.41% 150.25%
Finished goods 1.00% -22.17% -44.01%
Trade Debts -23.34% -34.07% 137.93%
loans,Deposits,Payments,Advances 200.10% -66.12% 130.32%
Loans-unsecured,considerd goods -3.36% 19.68% 6.47%
Advances-Unsecured 220.66% -68.26% 157.52%
Executives -18.66% -5.92% -20.72%
Employees 99.09% 6.41% 13.34%
Suppliers and Contractors 1124.69% -69.63% 345.32%
Excise Duty 788.30% -91.40% 803.88%
tax-net -7.68% -11.00% -67.82%
Deposit's -22.28% 0.00% 291.67%
Prepayments -40.63% -23.08% -32.53%
Other recievables 987.02% -73.12% -86.96%
Stores,spares andloose tools 12.65% 30.91% 10.84%
Stores -25.74% 49.53% 7.05%
Spares 77.85% 18.46% 13.53%
Loose tools 26.71% 410.93% 8.60%
Spares in transit -89.68% 107.57% -17.33%
NONE CURRENT ASSETS 65.61% 21.20% -1.84%
Tangible fixed assets 74.49% 20.40% -2.25%
Operating fixed assets 23.11% 60.88% 6.14%
Capital work in process 2244.75% -69.37% -99.87%
Long term loans 12.79% -24.62% 43.13%
Long term deoposits 55.50% 168.63% 27.84%
Utilities 0.00% 186.30% 0.00%
Leasing companies 123.69% 166.81% 44.52%
Others 39.59% 13.88% 0.53%
Deferred tax asset-net -100.00% 0.00% 0.00%
available tax losses -100.00% 0.00% 0.00%
tax depreciation -100.00% 0.00% 0.00%
retiement benefits -100.00% 0.00% 0.00%
others -100.00% 0.00% 0.00%
TOTAL ASSETS 61.13% 22.03% 2.44%
CURRENT LIABILITIES 158.28% 41.31% 48.27%
Current maturities of redeemable capital and loans -66.31% 456.04% -71.84%
Redeemable capital 526.92% 456.04% -100.00%
Foreign Currency Loans -100.00% 0.00% 0.00%
Local Currency loans -100.00% 0.00% 0.00%
Current portion of liabilities against assets subject to 111.89% 918.64% -100.00%
Creditors,accrued and other liabilities 390.80% -0.24% 116.74%
Creditors 1758.59% -38.98% -4.97%
accrued expense 239.81% -43.38% 69.97%
Other liabilities 153.60% 63.29% 183.93%
Unclaimed divedend -100.00% 0.00% 0.00%
NON-CURRENT LIABILITIES 9.01% 11.85% -5.23%
Redeemable Capital 124.84% 126.22% -84.76%
long term loans 113.19% 126.22% -84.76%
current maturity under liabilities -100.00% 0.00% 0.00%
Long Term Loans 3.22% -8.16% 26.58%
foreign cuurency loans -3.96% -6.13% -17.53%
local currency loans -1.51% 15.69% 62.54%
current portion shown under current liabilities -64.40% 456.04% 61.53%
Deferred Liabilities -21.13% -11.55% 8.61%
Liabilities Against Assets Suject To Finance Lease 2780.08% 65.33% 7.16%
Long term deoposits 186.51% -15.35% -6.75%
From distributers -36.00% -65.63% 172.73%
From suppliers 52.21% -60.00% 58.75%
From employees 655.20% 0.00% -19.87%
CONTINGENCIES AND COMMITMENTS 0.00% 0.00% 0.00%
SHARE CAPITAL AND RESERVES 183.81% 89.11% -8.75%
Authorized Capital 0.00% 0.00% 0.00%
200000000 ordinary shares @ Rs.10/-each 0.00% 0.00% 0.00%
50000000 prefrence shares @ Rs.10/-each 0.00% 0.00% 0.00%
Issued,Subscribed And Paid-up Capital 62.15% 5.00% 4.51%
ordinary shares @Rs.10/-each fully paid in cash 0.00% 0.00% 0.00%
Acumalated Loss -100.00% 0.00% 0.00%
DEFERRED INCOME 0.00% 85.16% -25.30%
TOTAL LIABILTIES 61.13% 22.03% 2.44%
2008 & 2009
-18.52%
-54.44%
-75.02%
0.00%
-1.16%
0.00%
-54.30%
-51.84%
155.77%
-88.18%
29.23%
35.02%
74.63%
-9.62%
21.80%
88.23%
-29.37%
204.14%
-100.00%
205.79%
686.81%
-64.59%
8471.18%
2.55%
12.10%
-2.04%
-41.52%
123.14%
26.70%
27.43%
26.62%
7816.56%
-11.49%
-14.50%
0.03%
-20.49%
-2.80%
0.00%
0.00%
0.00%
0.00%
0.00%
21.63%
44.11%
279.90%
0.00%
0.00%
279.90%
0.00%
32.19%
-89.56%
53.70%
52.56%
0.00%
-23.98%
-36.18%
-36.18%
0.00%
-25.81%
14.33%
-13.34%
69.26%
-3.31%
-51.13%
-64.91%
-50.00%
-50.24%
-69.47%
0.00%
70.21%
0.00%
0.00%
0.00%
17.50%
0.00%
0.00%
162.27%
21.63%
KOHAT CEMENT COMPANY LTD
Ratio analysis
2005 2006 2007 2008 2009
net working capital 11892 -526856 -780572 -1106967 -2200401
current ratio 1.03 0.47 0.44 0.47 0.26
acid ratio 0.9 0.41 0.37 0.39 0.24
Cash Ratio 0.1 0.02 0.07 0.15 0.05
Debt/Equity Ratio 683.99% 345.11% 187.21% 222.44% 130.40%
Debt to Tangible Net worth 683.99% 345.11% 187.21% 222.44% 130.40%
Day's sales in account Receivable 7.56 14.94 3.31 7.36 8.43
Account Receivable turnover 48.25 24.43 110.35 49.61 43.29
Day's sales in inventory -8.18 -5.64 -3.26 -1.2 -1
Inventory turnover 18.42 24.14 19.07 18.72 63.18
Net profit margin 32.07% 16.53% 21.98% -2.94% -3.71%
Total assets turnover 0.31 0.29 0.37 0.37 0.46
Return on assets 9.93% 4.82% 8.04% -1.09% -1.72%
Operating income margin -4.17% 1.23% -0.41% -0.14% 2.44%
Operating assets turnover 0.37 0.46 0.43 0.42 0.51
Return on operating assets 11.88% 7.55% 9.55% -1.24% -1.89%
Sales to fixed assets 0.36 0.31 0.4 0.42 0.51
Return on investment 0.15 0.1 0.08 0.07 0.06
Return on total equity 9.93% 6.16% 5.05% 4.93% 4.05%
Gross profit margin 29.23% 31.72% 40.01% 11.68% 10.58%
Price/earning ratio 1.17 1.91 1.07 -8.9 -4.78
Percentage of retained earning 1 1 1 1 1
Liquidity Ratios
Activity Ratios
10: Inventory Turnover Ratio =Cost of sales/Inventory
Year 2005 2006 2007
Inventory 50809 56825 96757
Cost of goods sold 936066 1372012 1845284
18.42 24.14 19.07
15: Operating Asset Turnover
Year 2005 2006 2007
Net sales 1322728 2009430 3075922
Operating assets 3572688 4398164 7075726
operating asset turnover 0.37 0.46 0.43
s/Current Liablities
ntory/Current Liabilities
2008 2009
966292 787308 4: Debt/equity Ratio
150294 68691 Year 2005
2073259 2987709 Total liabilities 4274650
0.39 0.24 Shareholder’s equity 545243
Debt/equity ratio (%) 683.99%
ment/Current Liabilities
2008 2009
305492 139183 7: Day's sales in account recei
Year 2005
2073259 2987709 Average account receivable 27413
0.15 0.05 Net sales 1322728
Day's sales in account receivable (Days 7.56
sets-Current Liabilities
2008 2009
966292 787308 8: Account receivable turnove
2073259 2987709 Year 2005
-1106967 -2200401 Net sales 1322728
Average account receivable 27413
Account receivable turnover (Times) 48.25
tios
ost of sales/Inventory
9: Days sales in inventory
2008 2009 Year 2005
150294 68691 Ending inventory -20983
2813309 4340151 Cost of goods sold 936066
18.72 83.18 Days sales in inventory -8.18
13: Return on Assets
Year 2005
Net income 424265
Total assets 4274650
Turnover
return on assets 9.93%
2008 2009
3185418 4853764
7509855 9508720 14: Operating Income Margin
0.42 0.51 Year 2005
Operating income -55208
Net sales 1322728
operating income margin -4.17%
=Sales/Total Assets
17: Sales to Fixed Asset
2008 2009 Year 2005
3185418 4853764 Net sales 1322728
861097 10172589 Total fixed assets 3657284
0.37 0.46 Sales to fixed assets 0.36
ofit/Net sales)*100
2008 2009
4: Debt/equity Ratio
2006 2007 2008 2009
6887915 8404996 8610497 10472589
1547466 2926405 2670427 4545316
345.11% 187.11% 222.44% 130.40%
Debt Ratios
18) Debt to Equity Ratio =Total debts/Shareholder's funds
Markets Ratios
20) Price/Earning Ratio =Market Price Per Share Of Common Stock/Earning Per Share
Liquidity Ratios
1)Current Ratio =Current Assets/Curre
Activity Ratios
5) Inventory Turnover Ratio =Cost of sa
Year 2005
Cost of sales 936,066
Inventory 50,809
Ratio 18.42
Year 2005
Sales 1,322,728
Account Receivables 24,712
Ratio 53.53
Year 2005
Purchasis 158,082
Account Payables 26,298
Ratio 6.01
Year 2005
Sales 1,322,728
Total Assets 4,274,650
Ratio 0.31
Profitabilty Ratios
11 )Gross profit ratio =( Gross profit/S
Year 2005
Gross profit 386,662
Sales 1,322,728
Ratio 29.23%
12 ) Operating expense ratio=(Operating expe
Year 2005
Operating expense 148,444
Net sales 1,322,728
Ratio 11.22%
Activity Ratios
y Turnover Ratio =Cost of sales/Inventory
2006 2007 2008 2009
1,372,012 1,845,284 2,813,309 4,340,151
56,825 96,757 150,294 68,691
24.14 19.07 18.72 63.18
Profitabilty Ratios
s profit ratio =( Gross profit/Sales)*100
2006 2007 2008 2009
637,418 1,230,638 372,109 513,613
2,009,430 3,075,922 3,185,418 4,853,764
31.72% 40.01% 11.68% 10.58%
pense ratio=(Operating expense/Net sales)*100
2006 2007 2008 2009
243,499 297,567 556,550 1,087,627
2,009,430 3,075,922 3,185,418 4,853,764
12.12% 9.67% 17.47% 22.41%
Ratio
Ratio
0.60 0.40
0.40 0.20
0.20 0.00
2005 2006 200
0.00
Year
2005 2006 2007 2008 2009
Year
Liquidity Ratio
Cash Ratio
Liquidity Ratio 0.16
Quick Ratio
0.14
0.12
0.10
0.08
Ratio
0.06
0.04
0.02
0.00
2005 2006 2007 2008 2009
2005 2006 2007 2008 2009
Year Year
Liquidity Ratio
N.W.C
Cash Ratio
500,000.00
0.00
2005 2006 2007 2008 2009
Rupees '000'
-500,000.00
-1,000,000.00
-1,500,000.00
2009
-2,000,000.00 year
Activity Ratio
Days
10 3
2
5 1
0
0
2005 2006
2005 2006 2007 2008 2009
Activity Ratio Activity Ratio
8 160
Average Avera
7 Collection 140 Paym
6 period 120 perio
5 100
4
Days
80
Days
3 60
2 40
1 20
0 0
2005 2006 2007 2008 2009 2005 2006 2007 2008 2009
Year Year
y Ratio Activity Ratio
30 Operating Cycle
Average
Payment 25
period
20
Days
15
10
5
0
2005 2006 2007 2008 2009
2008 2009 Year
Activity Ratio
Activity Ratio
Total Asset
0.50 Turnover Ratio 0.60
0.50
0.40
Ratio (Times)
0.40
0.30 0.30
Ratio
0.20 0.20
0.10 0.10
0.00
0.00 2005 2006 2007 2008 2009
2005 2006 2007 2008 2009
Year
Year
Profitabiltiy Ratios
Activity Ratio Profitability Ratio
Gross profit Ratio
45.00%
40.00%
35.00%
30.00%
Ratio (%)
Fixed Asset 25.00%
Turnover Ratio 20.00%
15.00%
10.00%
5.00%
2006 2007 2008 2009 0.00%
2005 2006 2007 2008 2009
Year Year
Profitability Ratio
35.00%
Net profit Margin
35.00% 30.00%
Gross profit Ratio
30.00% 25.00%
25.00% 20.00%
Ratio (%)
20.00% 15.00%
Ratio (%)
15.00% 10.00%
10.00% 5.00%
5.00% 0.00%
0.00% -5.00% 2005
-5.00% 2005 2006 2007 2008 2009 -10.00%
-10.00% -15.00%
2008 2009
Year
Profitability Ratio
35.00% Profitability Ratio
Operating
30.00% Ratio
25.00% 25.00%
20.00%
20.00%
Ratio (%)
15.00%
10.00%
15.00%
Ratio (%)
5.00%
0.00%
-5.00% 2005 2006 2007 2008 2009 10.00%
-10.00%
-15.00% 5.00%
0.00%
2005 2006 2007 2008
Profitability Share
Ratio Earning Per Share
Operating expense
Ratio
4.00
3.00
2.00
Ratio (Rs.)
1.00
0.00
2005 2006 2007 2008 2009
-1.00
Ratio (%)
Ratio (%)
50.00%
4.00% 40.00%
2.00% 30.00%
20.00%
0.00%
10.00%
2005 2006 2007 2008 2009
-2.00% 0.00%
-4.00% -10.00% 2005 2006 2007
Debt Ratio
tability Ratio
Return On
Debt Ratios
Common Equity 8.00
7.00 Debt to
6.00 Ratio
Ratio (Times)
5.00
4.00
3.00
2.00
1.00
0.00
2005 2006 2007 2008 2009
Year