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    Ghandhara Nissan

    Uploaded by

    Shamsuddin Soomro
    The document provides financial statements for the years 2022, 2021, 2020, and 2019 for Ghandhara Nissan Limited, an automobile assembler. It includes statements of financial position, income statements, and ratio analyses. The statements show the company's assets, liabilities, equity, revenues, costs, profits, and various financial ratios over the years.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Ghandhara Nissan

    Uploaded by

    Shamsuddin Soomro
    69 views7 pages
    The document provides financial statements for the years 2022, 2021, 2020, and 2019 for Ghandhara Nissan Limited, an automobile assembler. It includes statements of financial position, income statements, and ratio analyses. The statements show the company's assets, liabilities, equity, revenues, costs, profits, and various financial ratios over the years.

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    © © All Rights Reserved

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    The document provides financial statements for the years 2022, 2021, 2020, and 2019 for Ghandhara Nissan Limited, an automobile assembler. It includes statements of financial position, income statements, and ratio analyses. The statements show the company's assets, liabilities, equity, revenues, costs, profits, and various financial ratios over the years.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    69 views7 pages

    Ghandhara Nissan

    Uploaded by

    Shamsuddin Soomro
    The document provides financial statements for the years 2022, 2021, 2020, and 2019 for Ghandhara Nissan Limited, an automobile assembler. It includes statements of financial position, income statements, and ratio analyses. The statements show the company's assets, liabilities, equity, revenues, costs, profits, and various financial ratios over the years.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 7

    Ghandhara Nissan Lim

    Sector AUTOMOBILE ASS


    Statement of Financial P

    2022 2021 2020


    Share capital and reserves
    Share capital 570,025 570,025 570,025
    Subscription money against right issue
    Capital reserves
    share premium 1,102,721 1,102,721 1,102,721
    surplus on revaluation of fixed assets 2,142,524 2,176,240 2,223,294
    3,245,245 3,278,961 3,326,015
    Revenue reserve - unappropriated profit 2,281,351 2,158,630 1,982,600
    Total equity 6,096,621 6,007,616 5,878,640

    Liabilities
    Non current liabilities
    Lease liabilities 43,063 62,858 72,259
    Long term borrowings 845,553 46,397 49,345
    Deferred income - government grant 196,854 953 2,072
    Long term deposits 28,226 27,726 22,611
    Deferred taxation 252,289 296,879 322,399
    Total non current liabilities 1,365,985 434,813 468,686

    Current liabilities
    Trade and other payables/Notes payables 5,274,185 601,834 433,591
    Accrued mark-up 36,739 5,386 12,170
    Short term borrowings 93,765 100,000 50,721
    Current portion of lease liabilities 20,359 23,928 25,221
    Taxation - net
    Current maturity of long term borrowings 258,146 109,100 18,409
    Current portion of deferred income - government grant 41,722 7,200 3,811
    Unclaimed dividend 10,601 10,601 10,603
    Total current liabilities 5,735,517 858,049 554,526
    Total liabilities 7,101,502 1,292,862 1,023,212

    Total equity and liabilities 13,198,123 7,300,478 6,901,852

    ASSETS
    Non current assets
    Property, plant and equipment 5,427,099 4,065,389 4,105,816
    Intangible assets 1,960 1,976 1,903
    Long term investments 222,906 222,906 222,906
    Long term loans 4,754 5,834 8,444
    Long term deposits 23,148 27,461 22,541
    Due from the Subsidiary Company 797,027 549,285 559,724
    6,476,894 4,872,851 4,921,334
    Depreciation -200,053 -141,556 -145,819
    Current assets
    Stores, spares and loose tools 169,235 136,467 136,504
    Stock-in-trade 2,731,376 687,788 902,496
    Trade debts/Accounts recceivables 330,323 355,971 322,111
    Loans and advances 55,414 9,899 10,070
    Deposits and prepayments 613 60,602 5,406
    Investments 675,863
    Other receivables including sales tax 289,942 16,439 141,323
    Accrued interest / mark-up 43,121 20,405 14,482
    Taxation - net 305,357 110,854 137,035
    Bank balances 2,119,985 1,029,202 311,091
    Total current assets 6,721,229 2,427,627 1,980,518
    Total assets 13,198,123 7,300,478 6,901,852
    hara Nissan Limited
    OMOBILE ASSEMBLER
    nt of Financial Position

    2019 2018

    570,025 450,025
    1,054,319

    1,102,721 40,000
    2,261,358 972,241
    3,364,079 1,012,241
    2,149,861 2,151,296
    6,083,965 4,667,881

    44,767 47,439

    18,611 9,611
    354,312 264,738
    417,690 321,788

    371,201 695,581
    22,287 6,736
    173,670
    18,564 17,721
    104,971

    10,611 10,675
    596,333 835,684
    1,014,023 1,157,472

    7,097,988 5,825,353

    3,912,436 2,133,465
    2,537 2,744
    222,906 222,906
    10,141 6,972
    13,368 20,247
    650,757 766,994
    4,812,145 3,153,328
    -121,342 -109,909

    124,506 91,767
    1,069,654 738,323
    252,479 260,537
    28,589 72,190
    19,459 11,260
    389,325 100,928
    161,325 64,605
    27,527 17,755
    62,870
    150,109 1,314,660
    2,285,843 2,672,025
    7,097,988 5,825,353
    Income Statement

    2022 2021 2020 2019


    Revenue 5,359,062 3,225,727 1,663,080 2,373,750
    Cost of sales -4,946,808 -2,879,812 -1,658,058 -2,053,661
    Gross profit 412,254 345,915 5,022 320,089

    Distribution cost -107,183 -90,020 -72,756 -70,051


    Administrative expenses -224,661 -222,162 -232,861 -228,397
    Other income 215,633 119,474 148,757 259,882
    Other expenses -19,284 -14,306 -12,281
    Profit from operations/EBIT 276,759 138,901 -151,838 269,242
    Finance cost -146,231 -23,347 -64,094 -263,821
    Profit before taxation 130,528 115,554 -215,932 5,421
    Taxation -29,373 15,198 9,309 -34,227
    Profit after taxation 101,155 130,752 -206,623 -28,806
    ement

    2018
    2,218,734
    -1,785,430
    433,304

    -53,669
    -213,207
    1,130,227
    -21,677
    1,274,978
    -22,782
    1,252,196
    -214,675
    1,037,521
    Ratio Analysis

    2022 2021 2020 2019 2018


    Current asset 1.171861055 2.829240521 3.5715511987 3.8331653623 3.197410744
    Quick ratio 0.666133149 1.868625218 1.6978789092 1.8306600507 2.204104662
    DSO 22.4979474 40.27911072 70.694443442 38.822468668 42.86048035
    Debt ratio 0.463682449 0.088792953 0.0699719438 0.0522966508 0.119405811
    Fixed asset turnover 0.827412337 0.661979404 0.3379327638 0.4932831409 0.703616623
    Liability to asset ratio 0.538069088 0.177092788 0.1482518026 0.1428606247 0.198695598
    Equity to asset ratio 0.461930912 0.822907212 0.8517481974 0.8571393753 0.801304402
    Time interest earned -1.89261511 -5.94941534 2.368989297 -1.020548023 -55.96427004
    Gross profit margin 1.923073478 1.892763709 1.9969803016 1.865154713 1.804706648
    Net profit margin 0.018875505 0.040534118 -0.124241167 -0.012135229 0.467618471
    Operating profit margin 0.051643179 0.043060371 -0.091299276 0.1134247499 0.574642116
    Basic earning power 0.020969573 0.019026288 -0.021999602 0.0379321577 0.21886708
    Return on asset 0.007664347 0.01791006 -0.029937327 -0.004058333 0.1781044
    Return on equity 0.016591978 0.021764374 -0.035148095 -0.004734741 0.222268091
    Total assets turnover 0.406047284 0.441851479 0.2409614115 0.3344257556 0.380875459
    Inventory turnover -1.77440581 -3.66557437 -1.736166506 -1.821366484 -2.283293378

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