Security deposits 84278 84278 Advances from customers 371596 371596 1521478

Security deposits 84278 84278 advances from customers

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Security deposits - - 84,278 - - 84,278 Advances from customers - 371,596 - - 371,596 - 1,521,478 992,698 - - 2,514,176 38.3 Capital management The primary objective of the Company's capital management is to maintain healthy capital ratios, strong credit rating and optimal capital structures in order to ensure ample availability of finance for its existing and potential investment projects, to maximise shareholder value and reduce the cost of capital. The Company manages its capital structure and makes adjustment to it, in light of changes in economic conditions. In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders, return capital to shareholders or issue new shares. The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. Net debt is calculated as total loans and borrowings including any finance cost thereon, trade and other payables, less cash and bank balances and investments. The Company has no gearing for the year 2009 and 2008. Downloaded from:
Annual Report 09 82 Notes To The Financial Statements For the year ended December 31, 2009 39. SEGMENT ANALYSIS FOR THE YEAR ENDED 31 DECEMBER 2009 The activities of the Company have been grouped into two segments of related products i.e., automobile and motorcycles as follows: - The Automobile segment includes sales of own manufactured vehicles and spare parts and trading vehicles and spare parts. - The Motorcycles segment includes sales of own manufactured vehicles and spare parts and trading vehicles and spare parts. 2009 2008 Automobile Motorcycle Total Automobile Motorcycle Total -----------------------------(Rupees in '000') ---------------------------------- Segment Results Net sales 25,363,903 870,158 26,234,061 38,377,107 1,292,623 39,669,730 Gross profit / (loss) 634,735 (65,436) 569,299 799,892 (211,839) 588,053 Distribution costs (190,479) (24,071) (214,550) (231,717) (77,741) (309,458) Administrative expenses (376,246) (118,954) (495,200) (360,763) (145,397) (506,160) Operating profit / (loss) 68,010 (208,461) (140,451) 207,412 (434,977) (227,565) Finance cost (11,015) (1,549) (12,564) (50,522) ( 2,948) (53,470) Other income 506,058 113,514 619,572 1,125,216 221,793 1,347,009 Segment results 563,053 (96,496) 466,557 1,282,106 (216,132) 1,065,974 Unallocated corporate expenses WPPF and WWF 38,714 73,798 Taxation 172,624 367,391 211,338 441,189 Profit after taxation 255,219 624,785 Assets Segment assets 12,046,290 1,015,839 13,062,129 12,525,820 1,351,123 13,876,943 Unallocated corporate assets - - 4,593,605 - - 3,079,200 12,046,290 1,015,839 17,655,734 12,525,820 1,351,123 16,956,143 Liabilities Segment liabilities 3,256,117 69,017 3,325,134 2,596,721 60,741 2,657,462 Unallocated corporate liabilities - - 5,000 - - 146,000 3,256,117 69,017 3,330,134 2,596,721 60,741 2,803,462 Capital expenditure 1,041,728 33,400 1,075,128 1,025,707 174,292 1,199,999 Depreciation 749,248 66,883 816,131 879,626 86,238 965,864 Segment assets do not include long term investment Rs. 4.449 million (2008: Rs. 4.449 million), mark up accrued Rs. 7.837 million (2008: Rs. 29.432 million), other receivables Rs. 76.685 million (2008: Rs. 98.667 million), sales tax and excise duty adjustable Rs. 255.609 million (2008: Rs. 111.754 million), taxation - net Rs. 780.089 million (2008: Rs. 434.423 million), cash and bank balances Rs. 3,545.621 million (2008: Rs. 2,499.142 million) as these assets are managed on a group basis. Segment liabilities do not include deferred tax liability Rs. 5 million (2008: Rs. 146 million) as these liabilities are managed on a group basis. Downloaded from:
Financial Statements Pak Suzuki Motor Company Limited 83 Notes To The Financial Statements For the year ended December 31, 2009 40. DATE OF AUTHORISATION FOR ISSUE These financial statements have been authorised for issue by the Board of Directors of the Company in its meeting held on March 01, 2010.

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