Horizontal Analysis

2,022 2,021

Rupees in thousand

STATEMENT OF FINANCIAL POSITION

EQUTY AND LIABILITIES

SHARE CAPITAL AND RESERVES
Issued , Subscribed and paid up capital 1,428,000 1,428,000
Reserves 15,956,000 14,956,000
Unappropnated profit 2,576,725 1,812,163
NON-CURRENT LIABILITIES
Long term finances • secured 2,739,121 2,068,693
Deferred government grant 787,677 595,838
Employee retirement benefits 250,977 173,374
Deferred taxation 521,177 201,780
Deferred revenue 18,197 13,535
CURRENT LIABILITIES
Current portion
Short term of noncurrent
borrowings liabilities
• secured 357,011 361,713
- -
Short term loan from related party • Unsecured - -
Accrued markup 37,293 6,120
Trade, dividend and other payables 45,590,870 23,538,010
70,263,048 45,155,226
ASSETS
NONCURRENT ASSETS
Property, plant and equipment 7,549,924 4,000,261
Intangible assets 747,295 186,188
Capital workinprogress 2,364,549 3,788,001
Long term trade debts 27,216 56,157
Long term loans and advances 254,558 170,209
Long term deposits 4,042 4,042
CURRENT ASSETS
Stores and spares 290,262 185,370
Stock-in-trade 22,866,173 11,648,838
Trade debts 978,728 845,765
Advances prepayments and other receivables 15,398,259 9,349,859
Derivative finacial instrunments - -
Short term investments 6,795,538 -
Cash and bank balances 12,986,504 14,920,536
70,263,048 45,155,226
STATEMENT OF PROFIT OR LOSS
Sales 108,047,850 67,362,307
Cost of sales -102,470,241 -63,586,363
Gross profit 5,577,609 3,775,944
Distribution and marketing costs -1,139,359 -736,974
Administrative expenses -1,067,838 -823,588
Other operating income 2,004,952 918,484
Other operating expenses -984,045 -237,080
finance cost -115,914 -116,159
Profit before taxation 4,275,405 2,780,627
Taxation -1,765,499 -987,422
Profit after taxation 2,509,906 1,793,205
 2,020 2022 vs 2021 2021 vs 2020

s in thousand Percentage

1,428,000 - -
14,306,000 6.69 4.54
823,254 42.19 120.12

- 32.41 100
- 32.20 100
187,484 44.76 -7.53
270,510 158.29 -25.41
16,438 34.44 -17.66

20,498 -1.30 1,664.63

- - -
2,332,246 - -100
75,547 509.36 -91.90
12,381,837 93.69 90.10
31,841,814 55.60 41.81

4,518,634 88.74 -11.47

289,015 301.37 -35.58
97,062 -37.58 3802.66
117,060 -51.54 -52.03
213,814 49.56 -20.39
4,042 - -

194,479 56.59 -4.68

11,268,644 96.30 3.37
868,505 15.72 -2.62
8,653,570 64.69 8.05
42,205 - -100
4,053,057 100 -100
1,521,707 -12.96 880.51
31,841,794 55.60 41.81
55,046,264 60.40 22.37
-50,955,042 61.15 24.79
4,091,222 47.71 -7.71
-667,901 54.60 10.34
-738,757 29.66 11.48
638,618 118.29 43.82
-1,048,538 315.07 -77.39
-727,444 -0.21 -84.03
1,547,200 53.76 79.72
-865,448 78.80 14.09
681,752 39.97 163.03
 Vertical Analysis
2,022 2,021 2,020

Rupees in thousand

STATEMENT OF FINANCIAL POSITION

EQUTY AND LIABILITIES

SHARE CAPITAL AND RESERVES

Issued , Subscribed and paid up capital 1,428,000 1,428,000 1,428,000

Reserves 15,956,000 14,956,000 14,306,000
Unappropnated profit 2,576,725 1,812,163 823,254
NON-CURRENT LIABILITIES
Long term finances • secured 2,739,121 2,068,693 -
Deferred government grant 787,677 595,838 -
Employee retirement benefits 250,977 173,374 187,484
Deferred taxation 521,177 201,780 270,510
Deferred revenue 18,197 13,535 16,438
CURRENT LIABILITIES
Current portion
Short term of noncurrent
borrowings liabilities
• secured 357,011 361,713 20,498
- - -
Short term loan from related party • Unsecured - - 2,332,246
Accrued markup 37,293 6,120 75,547
Trade, dividend and other payables 45,590,870 23,538,010 12,381,837
70,263,048 45,155,226 31,841,814
ASSETS
NONCURRENT ASSETS
Property, plant and equipment 7,549,924 4,000,261 4,518,634
Intangible assets 747,295 186,188 289,015
Capital workinprogress 2,364,549 3,788,001 97,062
Long term trade debts 27,216 56,157 117,060
Long term loans and advances 254,558 170,209 213,814
Long term deposits 4,042 4,042 4,042
CURRENT ASSETS
Stores and spares 290,262 185,370 194,479
Stock-in-trade 22,866,173 11,648,838 11,268,644
Trade debts 978,728 845,765 868,505
Advances prepayments and other receivables 15,398,259 9,349,859 8,653,570
Derivative finacial instrunments - - 42,205
Short term investments 6,795,538 - 4,053,057
Cash and bank balances 12,986,504 14,920,536 1,521,707
70,263,048 45,155,226 31,841,794
STATEMENT OF PROFIT OR LOSS
Sales 108,047,850 67,362,307 55,046,264
Cost of sales -102,470,241 -63,586,363 -50,955,042
Gross profit 5,577,609 3,775,944 4,091,222
Distribution and marketing costs -1,139,359 -736,974 -667,901
Administrative expenses -1,067,838 -823,588 -738,757
Other operating income 2,004,952 918,484 638,618
Other operating expenses -984,045 -237,080 -1,048,538
finance cost -115,914 -116,159 -727,444
Profit before taxation 4,275,405 2,780,627 1,547,200
Taxation -1,765,499 -987,422 -865,448
Profit after taxation 2,509,906 1,793,205 681,752
lysis
2,022 2,021 2020

Percentage

2.03 3.16 4.48

22.71 33.12 44.93
3.67 4.01 2.59

3.90 4.58 -
1.12 1.32 -
0.36 0.38 0.59
0.74 0.45 0.85
0.03 0.03 0.05

0.51 0.80 0.06

- - -
- - 7.32
0.05 0.01 0.24
64.89 52.13 38.89
100.00 100.00 100.00

10.75 8.86 14.19

1.06 0.41 0.91
3.37 8.39 0.30
0.04 0.12 0.37
0.36 0.38 0.67
0.01 0.01 0.01

0.41 0.41 0.61

32.54 25.80 35.39
1.39 1.87 2.73
21.92 20.71 27.18
- - 0.13
9.67 - 12.73
18.48 33.04 4.78
100.00 100.00 100.00
100.00 100.00 100.00
-94.84 -94.39 -92.57
5.16 5.61 7.43
-1.05 -1.09 -1.21
-0.99 -1.22 -1.34
1.86 1.36 1.16
-0.91 -0.35 -1.90
-0.11 -0.17 -1.32
3.96 4.13 2.81
-1.63 -1.47 -1.57
2.32 2.66 1.24
 Sales Forasting Data
year sales (in millions)
2013 30275
2014 39153
2015 37764
2016 40086
2017 62803
2018 91523
2019 95128
2020 55046
2021 67362
2022 108048
2023
2024
2025
2026
 Sales Forecasting
year sales (in millions) Forecast(sales (in millions))
2013 30275
2014 39153
2015 37764
2016 40086
2017 62803
2018 91523
2019 95128
2020 55046
2021 67362
2022 108048 108048
2023 101673.975214618
2024 108814.647191511
2025 115955.319168404
2026 123095.991145297

180000

160000

140000

120000

100000

80000

60000

40000

20000

0
2013 2014 2015 2016 2017 2018 2019 2020 2021 20

sales (in millions) Forecast(sales (in millions))

Lower Confidence Bound(sales (in millions)) Upper Confidence Bound(sales
s Forecasting
Lower Confidence Bound(sales (in millions)) Upper Confidence Bound(sales (in millions))

108048.00 108048.00
70280.66 133067.29
77421.19 140208.10
84561.61 147349.02
91701.89 154490.09

6 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

s (in millions) Forecast(sales (in millions))

er Confidence Bound(sales (in millions)) Upper Confidence Bound(sales (in millions))
2026