PTCL

Statement of Financial Position

As at June 30, 2010
Current Year Prior Year

BALANCE SHEET 6/30/2010 6/30/2009 Difference Difference Amount

%

Cash 6,422,144,000 11,906,448,000 46.1% (5,484,304,000)

Marketable Securities 13,493,865,000 21,017,790,000 35.8% (7,523,925,000)
Accounts Receivable (net) 10,171,530,000 10,760,974,000 5.5% (589,444,000)

QUICK ASSETS 30,087,539,000 43,685,212,000 31.1% (13,597,673,000)

Inventory 4,075,863,000 5,201,991,000 21.6% (1,126,128,000)

Prepaid Assets 0 0 - -
Other Current Assets 11,286,834,000 5,333,038,000 111.6% 5,953,796,000

TOTAL CURRENT ASSETS 45,450,236,000 54,220,241,000 16.2% (8,770,005,000)

Property, Plant & Equipment (net) 88,219,285,000 87,567,351,000 0.7% 651,934,000

Intangible Assets 3,079,031,000 3,320,670,000 7.3% (241,639,000)
Investment in Shares 6,681,965,000 5,607,439,000 19.2% 1,074,526,000
Other Long-Term Assets 7,337,210,000 3,332,378,000 120.2% 4,004,832,000

TOTAL ASSETS 150,767,727,000 154,048,079,000 2.1% (3,280,352,000)

Trade Payables 24,922,197,000 26,114,171,000 4.6% (1,191,974,000)

Other Current Liabilities 5,270,581,000 9,972,151,000 47.1% (4,701,570,000)
Long-Term Debt (excl. Dfd. Taxes) 17,866,468,000 16,193,198,000 10.3% 1,673,270,000
Defferd tax 2,949,770,000 2,379,000,000 24.0% 570,770,000

TOTAL LIABILITIES 51,009,016,000 54,658,520,000 6.7% (3,649,504,000)

Preferred Stock 0 0 - -
Common Equity or Paid in Capital 83,613,704,000 83,183,074,000 0.5% 430,630,000
Retained Earnings 16,145,007,000 16,206,485,000 0.4% (61,478,000)

TOTAL EQUITY 99,758,711,000 99,389,559,000 0.4% 369,152,000

TOTAL LIABILITIES & EQUITY 150,767,727,000 154,048,079,000 2.1% (3,280,352,000)

balanced balanced
 Fund Flow Statement

PTCL
Fund Flow Statement
As at June 30, 2010
Current Year Prior Year

BALANCE SHEET 6/30/2010 6/30/2009 Ins/Dec Sources Uses

Cash 6,422,144,000 11,906,448,000 Decrease 5,484,304,000

Marketable Securities 13,493,865,000 21,017,790,000 Decrease 7,523,925,000
Accounts Receivable (net) 10,171,530,000 10,760,974,000 Decrease 589,444,000

QUICK ASSETS 30,087,539,000 43,685,212,000

Inventory 4,075,863,000 5,201,991,000 Decrease 1,126,128,000

Prepaid Assets 0 0 -
Other Current Assets 11,286,834,000 5,333,038,000 Increase 5,953,796,000

TOTAL CURRENT ASSETS 15,362,697,000 54,220,241,000

Property, Plant & Equipment (net) 88,219,285,000 87,567,351,000 Increase 651,934,000

Intangible Assets 3,079,031,000 3,320,670,000 Decrease 241,639,000
Investment in Shares 6,681,965,000 5,607,439,000 Increase 1,074,526,000
Other Long-Term Assets 7,337,210,000 3,332,378,000 Increase 4,004,832,000

TOTAL ASSETS 150,767,727,000 154,048,079,000

Trade Payables 24,922,197,000 26,114,171,000 Decrease 1,191,974,000

Other Current Liabilities 5,270,581,000 9,972,151,000 Decrease 4,701,570,000
Long-Term Debt (excl. Dfd. Taxes) 17,866,468,000 16,193,198,000 Increase 1,673,270,000
Defferd tax 2,949,770,000 2,379,000,000 Increase 570,770,000

TOTAL LIABILITIES 51,009,016,000 54,658,520,000

Preferred Stock 0 0 -
Common Equity or Paid in Capital 83,613,704,000 83,183,074,000 Increase 430,630,000
Retained Earnings 16,145,007,000 16,206,485,000 Decrease 61,478,000

TOTAL EQUITY 99,758,711,000 99,389,559,000

TOTAL LIABILITIES & EQUITY 150,767,727,000 154,048,079,000 17,640,110,000 17,640,110,000

balanced balanced

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 Income Statement

Current Year % of Net Prior Year % of Net

Difference Difference
INCOME STATEMENT 6/30/2010 Sales 6/30/2009 Sales
% Amount

Net Revenue / Sales 62,309,173,000 100% 63,506,173,000 100% 1.9% (1,197,000,000)

Cost of Sales / Cost of Goods Sold (38,258,711,000) -61% (37,732,282,000) -59% 1.4% (526,429,000)

GROSS PROFIT 24,050,462,000 39% 25,773,891,000 41% 6.7% (1,723,429,000)

Administration (7,223,780,000) -12% (8,935,261,000) -14% 19.2% 1,711,481,000

Selling and Marketing (2,142,324,000) -3% (1,817,071,000) -3% 17.9% (325,253,000)
Other Operating Expenses 0 0% (92,118,000) 0% 100.0% 92,118,000
Depreciation / Amortization 0 0% 0 0% - -

OPERATING INCOME 14,684,358,000 24% 14,929,441,000 24% 1.6% (245,083,000)

Interest Expense (403,240,000) -1% (908,524,000) -1% 55.6% 505,284,000

INCOME BEFORE TAXES 14,281,118,000 23% 14,020,917,000 22% 1.9% 260,201,000

Income Taxes (4,986,966,000) -8% (4,869,732,000) -8% 2.4% (117,234,000)

NET INCOME 9,294,152,000 15% 9,151,185,000 14% 1.6% 142,967,000

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 Cash Flow

Current period vs.

Current period Prior period
Prior period

Difference Difference
6/30/2010 6/30/2009
% Amount

*Enter sources of cash as positive amounts and uses of cash as negative amounts

Opening cash 31,702,352,000 14,889,524,000 112.9% 16,812,828,000.00

Operating activities 13,029,562,000 28,904,490,000 54.9% (15,874,928,000.00)

Investing activities -11,627,447,000 -12,088,920,000 3.8% 461,473,000.00

Financing activities -13,188,458,000 -2,742,000.00 480,879.5% (13,185,716,000.00)

Closing cash 19,916,009,000.00 31,702,352,000.00 37.2% (11,786,343,000.00)

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 Ratios

Financial Analysis
PTCL Annual Ratio Report

Year ended June 30 Current Year Prior Year

June 30, 2010 Change % Change June 30, 2009 Definition
Liquidity Ratios
`
Current Ratio Times 0.509 -0.994 -0.661 1.503 See comment
Quick Ratio Times 0.997 -0.214 -0.177 1.211 See comment
Cash Ratio Times 0.213 -0.117 -0.355 0.330 See comment
Working Capital Ratio Times -0.098 -0.216 -1.836 0.118 See comment

Comments on the Liquidity Ratios:

Operating Ratios
`
    Asset Turnover Times 0.409 -0.003 -0.008 0.412 See comment
    Days in Inventory Times 38.885 -11.436 -0.227 50.321 See comment
    Days in Receivables Times 59.584 -2.265 -0.037 61.848 See comment
Working Capital Turnover Times 1.368 0.665 0.945 0.703 See comment

Comments on the Operating Ratios:

Profitability Ratios
    Gross Margin % 0.386 -0.020 -0.049 0.406 See comment
    EBIT Margin % 0.236 0.001 0.002 0.235 See comment
    EBITDA Margin % 0.236 0.001 0.002 0.235 See comment
    Pretax Margin % 0.229 0.008 0.038 0.221 See comment
    Effective Tax Rate % 0.349 0.002 0.005 0.347 See comment
    Posttax Margin % 0.149 0.005 0.035 0.144 See comment
    Return on Equity % 0.143 0.002 0.017 0.141 See comment
    Return on Assets % 0.023 -0.062 -0.733 0.085 See comment
    Return on Common Equity % 0.111 0.001 0.013 0.110 See comment
    Interest Coverage Ratio % 24.049 12.976 1.172 11.073 See comment
    Interest to Long-Term Debt % 0.023 -0.034 -0.598 0.056 See comment
    Operating Expense/Sales % 0.150 -0.020 -0.120 0.171 See comment

Comments on the Profitability Ratios:

Leverage Ratios
    Long-Term Debt/Equity % 0.179 0.016 0.099 0.163 See comment
    Total Debt/Equity % 0.511 -0.039 -0.070 0.550 See comment
Long-Term Debt/Total Assets % 0.119 0.013 0.127 0.105 See comment
Total Debt/Total Assets % 0.338 -0.016 -0.046 0.355 See comment

Comments on the Leverage Ratios:

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