financial-information

Financial Information

2016 2015

fag2016 pat2016

 

 

 

 

 

 

 

eg2016 laes2016

mab gp2106

 

 

 

 

 

 

Financial Highlights

Amount in PKR. millions
Profit & Loss 2016 2015 2014  2013 2012 2011
Sales 32,275 33,355 33,013 30,243 24,945 25,464
Gross profit 7,306 6,094          5,976          4,751          3,512          4,655
Operating profit          2,245          2,118          2,659          2,120          1,400          2,664
Profit before tax          1,335             783          1,496             852                (1)          1,537
Profit / (loss) after tax          1,141             605          1,235             711            240          1,196
Cash dividend             457             343               81               –               –               –
Bonus share               –               –             457             305               –             635
Balance Sheet
Property, plant and equipment         12,050          9,039          8,210          7,132          6,829          6,654
Intangible               13               11               20               23               27               39
Long term investment, loans,
advances and deposits             236             165             151             112             109               96
Net current assets          1,394             756             890             666              (98)             422
Total assets employed         13,693          9,971          9,271          7,933          6,867          7,211
Represented by:
Share capital          2,971          2,285          1,828          1,523          1,270             635
Reserves          5,747          4,884          4,832          3,905          3,203          4,078
Shareholders’ equity          8,718          7,169          6,660          5,428          4,473          4,713
Long term loans          4,631          2,408          2,239          2,155          2,096          2,199
Deferred liabilities             345             394             372             350             298             299
Total capital employed 13,693 9,971 9,271 7,933 6,867 7,211
Cash Flow Statement
Operating activities 2,085 670 2,090 161)          3,497         (2,617)
Investing activities         (4,159)        (1,783)       (1,833)        (1,068)           (920)         (1,250)
Financing activities          2,407             108             217             210             (70)            (148)
Cash and cash equivalents at
The end of the year      (12,559)       (8,721)        (7,715)        (8,188)        (7,169)         (9,676)
*Represents actual dividend amount excluding amount payable to Holding Company and an Associated Company who have foregone their right to the dividend.
Financial Ratios 2016 2015 2014  2013 2012 2011
Profitability ratios
Gross profit ratio(%)         22.64          18.27          18.10          15.71          14.02          18.28
Operating leverage ratio(TIMES)        1.86        19.65            2.77            2.56         23.48            2.03
EBITDA margin to sales(%)         10.43           9.28          10.66            9.59            8.53          13.19
Net profit to sales(%)           3.54            1.81            3.74            2.35        (0.96)            4.70
Return on equity(%)          14.37           8.75         20.43          14.36         (5.23)         28.80
Return on capital employed(%)          18.97         22.01          30.91         28.65          19.90         40.25
Liquidity ratios
Current ratio            1.08            1.05            1.06            1.05            0.99            1.03
Quick / acid test ratio           0.26           0.24           0.20            0.27            0.24            0.19
Cash to current liabilities           0.02           0.01            0.01            0.01            0.01            0.01
Cash flow from operations to sales          0.06           0.02           0.06           0.01            0.14           0.10
Capital structure ratios
Financial leverage ratio           2.06            1.67            1.62            2.03            2.25            2.67
Weighted average cost of debt           0.04           0.09            0.10            0.11            0.11            0.10
Debt to equity ratio           0.53           0.34            0.34           0.40            0.47            0.47
Interest cover ratio            2.47            1.59            2.29            1.67           0.98            2.34
Turnover ratios
Inventory turnover             184             155             145             122             151             134
Inventory turnover ratio            1.99            2.35            2.52           3.00            2.41            2.72
Debtor turnover               24               18               22               28               30               31
Debtor turnover ratio         15.09         20.33          16.76          13.01          12.15          11.60
Creditors turnover             120             118             126             100               86               82
Creditors turnover ratio           3.38            3.10            2.91            3.64            4.23            4.43
Fixed assets turnover ratio           2.68           3.69            4.02            4.24            3.65            3.83
Total assets turnover ratio           1.00            1.34            1.36            1.43            1.41            1.25
Operating cycle              88               55               41               50               95               83
Investor information
Earnings per share *            4.27           2.30           5.40            3.21           1.12            5.57
Price earning ratio           8.47          21.33          11.85            7.39         18.87            9.29
Price to book ratio            1.24            1.57            1.76            0.67           0.60            1.41
Dividend yeild ratio               –           0.03           0.02               –               –               –
Cash dividend per share               –            1.50            1.50               –               –               –
Bonus shares issued               –               –               25               20               –             100
Dividend payout ratio               –         56.60          22.21               –               –               –
Dividend cover ratio               –            1.77           4.50               –               –               –
Break – up value per share *         29.35          31.37          29.14          27.41         25.90          27.29
Market value per share
at the end of the year          36.19         49.05          64.01          23.74          21.11          51.73
high during the year.         53.20         73.25          72.35         27.64         64.29          53.65
low during the year         32.99         44.65         20.50          19.16          16.05          18.53
EBITDA          3,371         3,094          3,519         2,900          2,129          3,359
*Represents cash dividend proposed @ Rs. 1.50 per share. However Holding Company and an Associated Company have foregone their right to the dividend.