Income Statement

For three years 2020,2021,2022

(Rupees in Thousand)
2020 2021 2022
Gross Sales 4995079 5483981 5255189
Trade discount and Sales tax -582427 -623922 -588599
Net Sales 4412652 4860059 4666590

Cost of sales -3420925 -3750528 -3600834

Gross Profit 991727 1109531 1065756

Distribution and marketing expenses -285079 -207554 -253805

Administrative expenses -235669 -207487 -223943
Other Operating Expenses -63813 -55429 -45454
-583561 -470470 -523202
Operating Profit before other income 408166 639061 542554
Other Income 27232 15789 27375
Operating profit 435398 654850 569929

Financing Costs -95377 -116319 -173050

Profit before taxation 340021 538531 396879

Taxation -99988 -139836 -96294

Profit fot the year 240033 398695 300585

Balance Sheet (rupees in 000)

2022 2021 2020
Non - current assets
Property, plant and equipment 4486584 4558190 2948292
Intangible assets 52326 33701 12471
Investment in subsidiary 10 10 10
Long term loans 72031 28396 97631
Long term deposits 49876 69853 89853
4575999 4661754 3030626
Current assets
Stores and spares 205913 161393 117768
Stock-in-trade 604481 406146 264728
Trade debts 838909 674550 666736
Loans and advances 27488 18543 22159
Deposits and prepayments 201223 130279 93887
Other receivables 196172 136443 139863
Taxation - net 393785 363350 317276
Cash and bank balances 19099 144780 434239
2407070 2035484 2056656
Total assets 7063069 6697230 5087282

Equity and liabilities 39834 23459 13298

Share capital and reserves 322348 260783 250,387

40,000,000 (2018: 40,000,000) Ordinary shares of Rs. 10 each 400000 400000 400000
Issued, subscribed and paid-up capital
32,550,336 (2018: 25,038,720) Ordinary shares of Rs. 10 each 325503 250387 132933

General reserves 1725250 1579262 1,475,338

Unappropriated profit 294836 271181 241,637
Capital reserves 192356 174247 167,362
Surplus on revaluation of property, plant and equipment 1, 798,150 1668150 1636430

Non-current liabilities
Long term deposits 193516 184818 270000
Lease liabilities 29530 19421 186384
Deferred liabilities 282803 317812 356990
505049 502630 813374
Current liabilities
Trade and other payables 1059883 1024246 1181846
Short term borrowings 1330865 978568 739700
Un-claimed dividend 20145 22814 12438
Current portion of lease liabilities 2588 3499 12688
Current maturity of long term financing 220971 270000 385000
2413481 2295620 2306546
Total equity and liabilities 7063069 6697230 5,087,282
Years Current Assets Current Liabilities Current Ratio
2020 2056656 2306546 89.17%
2021 2035484 2295620 88.67%
2022 2407070 2413481 99.73%

Year Current Assets Current Liabilities Invenories.

2017 2056656 2306546 264728
2021 2035484 2295620 406146
2022 2407070 2413481 604481

Year Net Credit Sales Receiveables Receiveable Turnover Ratio.

2020 40516525 2256250 17.96
2021 30668428 2825968 10.85
2022 30136165 2208031 13.65

Year 365 Days Receivable Turnover Average Collection Period.

2020 365 17.96 20.33
2021 365 10.85 33.63
2022 365 13.65 26.74

Year Annual Net Credit Purchases Accounts Payable Payable turn over ratio
2020 35143197 3351230 10.49
2021 22837318 2549428 8.96
2022 17282711 1437417 12.02

Year 365 Days Payable Turnover Ratio Payable turn over in days
2020 365 10.49 34.81
2021 365 8.96 40.75
2022 365 12.02 30.36

Year Cost of Goods Sold Inventory Inventory Turn Over Ratio.

2020 3420925 264728 12.92
2021 3750528 406146 9.23
2022 3600834 604481 5.96

Year 365 Days Inventory Turnover Ratio Inventory turn over in days
2020 365 12.92 28.2
2021 365 9.23 39.5
2022 365 5.96 61.3

Year Net Sales Total Assets Total Asset Turn Over Rtaio.
2020 4412652 5087282 87%
2021 4860059 6697230 73%
2022 4666590 7063069 66%
Current Assets -Inventories Quick Ratio
1791928 78%
1629338 71%
1802589 75%