Contribution to national exchequer the management has

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Contribution to National Exchequer The management has always showed its responsibility by paying all government taxes in time without any delay. For the year ended 30 June 2013 we made our humble contribution to the National Exchequer as follows: Description Rupees in thousand Income Tax 105,048 Sales Tax and Federal Excise Duty 997,698 Total 1,102,746
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10 Horizontal Analysis of Financial Statements Statement of Financial Position 2013 2012 2011 2010 2009 2008 2013 2012 2011 2010 2009 2008 R u p e e s i n t h o u s a n d % increase/(decrease) over preceding year Balance Sheet Non-current assets 769,061 448,348 433,769 427,495 310,979 305,440 71.53 3.36 1.47 37.47 1.81 7.43 Current assets 1,508,567 1,747,094 1,511,800 1,191,958 1,043,406 1,002,615 (13.65) 15.56 26.83 14.24 4.07 19.93 Total assets 2,277,628 2,195,442 1,945,569 1,619,453 1,354,385 1,308,055 3.74 12.84 20.14 19.57 3.54 16.75 Total equity 1,311,038 1,115,460 953,011 848,138 777,820 736,700 17.53 17.05 12.37 9.04 5.58 17.79 Non-current liabilities 50,392 56,682 71,747 91,121 45,684 51,858 (11.10) (21.00) (21.26) 99.46 (11.91) (9.47) Current liabilities 916,198 1,023,300 920,811 680,194 530,881 519,497 (10.47) 11.13 35.37 28.13 2.19 18.70 Total equity and liabilities 2,277,628 2,195,442 1,945,569 1,619,453 1,354,385 1,308,055 3.74 12.84 20.14 19.57 3.54 16.75 Profit and Loss Account Sales-net 5,674,500 5,060,898 4,221,827 3,528,134 2,728,709 2,468,572 12.12 19.87 19.66 29.30 10.54 13.50 Cost of sales (3,963,874) (3,603,285) (3,130,544) (2,591,790) (1,974,446) (1,691,443) 10.01 15.10 20.79 31.27 16.73 13.53 Gross profit 1,710,626 1,457,613 1,091,283 936,344 754,263 777,129 17.36 33.57 16.55 24.14 (2.94) 13.44 Administrative expenses (162,644) (145,075) (116,605) (101,413) (91,449) (78,951) 12.11 24.42 14.98 10.90 15.83 15.74 Distribution cost (1,005,438) (846,287) (629,912) (580,492) (443,862) (368,240) 18.81 34.35 8.51 30.78 20.54 27.27 Other operating expenses (139,724) (132,720) (122,601) (90,702) (71,979) (72,555) 5.28 8.25 35.17 26.01 (0.79) 3.44 Other income 37,257 37,675 28,798 19,448 20,155 19,880 (1.11) 30.83 48.08 (3.51) 1.38 50.15 Operating profit 440,077 371,206 250,963 183,185 167,128 277,263 18.55 47.91 37.00 9.61 (39.72) 2.46 Finance costs (45,756) (53,118) (40,343) (17,950) (6,542) (8,104) (13.86) 31.67 124.75 174.38 (19.27) (37.37) Share of loss-associate - (18) (18) (16) (16) (760) (100.00) - 12.50 - 97.89 760.00 Profit before taxation 394,321 318,070 210,602 165,219 160,570 268,399 23.97 51.03 27.47 2.90 (40.17) 4.17 Taxation (145,000) (110,700) (70,000) (58,474) (58,099) (107,195) 30.98 58.14 19.71 0.65 (45.80) (8.37) Net profit for the year 249,321 207,370 140,602 106,745 102,471 161,204 20.23 47.49 31.72 4.17 (36.43) 14.59 Summary of Cash Flows Net cash generated from Operating activities 377,732 165,672 98,443 170,645 113,454 119,039 128.00 68.29 (42.31) 50.41 (4.69) (28.37) Net cash used in Investing activities (269,633) (70,688) (59,077) (92,908) (43,338) (54,104) 281.44 19.65 (36.41) 114.38 (19.90) 27.99 Net cash used in Financing activities (67,667) (68,423) (56,267) (49,072) (83,314) (89,079) (1.10) 21.60 14.66 (41.10) (6.47) (3.62) Net increase / (decrease) in Cash and cash equivalents 40,432 26,561 (16,901) 28,665 (13,198) (24,144) 52.22 257.16 (158.96) 317.19 45.34 (176.67)
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11 Vertical Analysis of Financial Statements Statement of Financial Position 2013 2012 2011 2010 2009 2008 Rs. in ‘000 % Rs. in ‘000 % Rs. in ‘000 % Rs. in ‘000 % Rs. in ‘000 % Rs. in ‘000 % Balance Sheet Non-current assets 769,061 33.77 448,348 20.42 433,769 22.30 427,495 26.40 310,979 22.96 305,440 23.35 Current assets 1,508,567 66.23 1,747,094 79.58 1,511,800 77.70 1,191,958 73.60 1,043,406 77.04 1,002,615 76.65 Total assets 2,277,628 100.00 2,195,442 100 1,945,569 100.00 1,619,453 100.00 1,354,385 100.00 1,308,055 100.00 Total equity 1,311,038 57.56 1,115,460 50.81 953,011 48.98 848,138 52.37 777,820 57.43 736,700 56.32 Non-current liabilities 50,392 2.21 56,682 2.58 71,747 3.69 91,121 5.63 45,684 3.37 51,858 3.96 Current liabilities 916,198 40.23 1,023,300 46.61 920,811 47.33 680,194 42.00 530,881 39.20 519,497 39.72 Total equity and liabilities 2,277,628 100.00 2,195,442 100 1,945,569 100.00 1,619,453 100.00 1,354,385 100.00 1,308,055 100.00 Profit and Loss Account Sales-net 5,674,500 100.00 5,060,898 100.00 4,221,827 100.00 3,528,134 100.00 2,728,709 100.00 2,468,572 100.00 Cost of sales (3,963,874) (69.85) (3,603,285) (71.20) (3,130,544) (74.15) (2,591,790) (73.46) (1,974,446) (72.36) (1,691,443) (68.52) Gross profit 1,710,626 30.15 1,457,613 28.80 1,091,283 25.85 936,344 26.54 754,263 27.64 777,129 31.48 Administrative expenses (162,644) (2.87) (145,075) (2.87) (116,605) (2.76) (101,413) (2.87) (91,449) (3.35) (78,951) (3.20) Distribution cost (1,005,438) (17.72) (846,287) (16.72) (629,912) (14.92) (580,492) (16.45) (443,862) (16.27) (368,240) (14.92) Other operating expenses (139,724) (2.46) (132,720) (2.62) (122,601) (2.90) (90,702) (2.57) (71,979) (2.64) (72,555) (2.94) Other income 37,257 0.66 37,675 0.74 28,798 0.68 19,448 0.55 20,155 0.74 19,880 0.81 Operating profit 440,077 7.76 371,206 7.33 250,963 5.94 183,185 5.19 167,128 6.12 277,263 11.23 Finance costs (45,756) (0.81) (53,118) (1.05) (40,343) (0.96) (17,950) (0.51) (6,542) (0.24) (8,104) (0.33) Share of loss-associate - - (18) - (18) - (16) - (16) - (760) - Profit before taxation 394,321 6.95 318,070 6.28 210,602 4.99 165,219 4.68 160,570 5.88 268,399 10.87 Taxation (145,000) (2.56) (110,700) (2.19) (70,000) (1.66) (58,474) (1.66) (58,099) (2.13) (107,195) (4.34) Net profit for the year 249,321 4.39 207,370 4.10 140,602 3.33 106,745 3.03 102,471 3.76 161,204 6.53
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12 2013 2012 Rupees in thousand % Rupees in thousand % Wealth Generated Sales-net 5,674,500 99.35 5,060,898 99.26 Other income 37,257 0.65 37,675 0.74 5,711,757 100.00 5,098,573 100.00 Distribution of Wealth Cost of sales 3,818,990 66.86 3,471,421 68.09 (excluding employees remuneration and provident fund) Distribution, administrative & other Operating expenses 1,015,957 17.78 878,151 17.22 (excluding employees remuneration and other duties)
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