FAUJI FERTILIZER

INCOME STATEMENT
2022-2018
2,022 2,021
Turnover - net 109,363,817 108,650,890
Cost of sales 69,317,471 69,771,813
GROSS PROFIT 40,046,346 38,879,077
Distribution cost (10,107,758) (8,409,132)
29,938,588 30,469,945
Finance cost (4,868,390) (2,292,115)
Other losses
Gain on extinguishment of original GIDC liabilitlty - -
- Unwinding of GIDC liability (2,118,513) (2,441,489)
- Loss allowance on subsidy receivable from GoP (670,000) (370,000)
(2,788,513) (2,811,489)
in fauji fresh n freeze limited - -

Other expenses (3,037,024) (2,946,366)

Other income 14,441,849 7,919,166
PROFIT BEFORE TAXATION 33,686,510 30,339,141
Provision for taxation (13,637,000) (8,443,000)
PROFIT FOR THE YEAR 20,049,510 21,896,141

Earnings per share - basic and diluted (Rupees) 15.76 17.21

 2,020 2,019 2,018
97,654,753 105,783,413 105,964,471
6,607,461 75,046,062 77,985,886
31,583,292 30,737,351 27,978,585
(7,848,004) (8,288,413) 8,833,490
23,735,288 22,448,938 19,145,095
(1,873,508) (2,477,110) 1,636,976
-
5,926,537 - -
- - -
(987,000) - -
4,939,537 - -
(1,000,000) (1,100,000) -
3,939,537 1,100,000 -
(2,639,202) (2,309,427) 15,399,534
6,429,344 7,191,089 6,283,051
29,591,459 23,753,490 21,682,585
(8,772,000) (6,643,000) 7,244,000
20,819,459 17,110,490 14,438,585

16.36 13.45 11.35

 FAUJI FERTILIZER
BALANCE SHEET

YEARS 2022 2021

EQUITY AND RESERVES
Share capital 12,722,382 12,722,382
Capital reserves 160,000 160,000
Revenue reserves
General reserves 8,802,360 8,802,360
Unappropriated profit 29,265,107 25,779,498
38,067,467 34,581,858
(Deficit)/ Surplus on remeasurement of investments
to fair value - net (114,888) 50,054
total equity 50,834,961 47,514,294

NON - CURRENT LIABILITIES

Long term borrowings - secured 16,295,000 16,740,000
Lease liabilities - 24,250
Gas Infrastructure Development Cess (GIDC) 7,940,534 20,801,970
payable
Deferred government grant - -
Deferred liabilities 3,272,408 3,757,259
total non current liabilities 27,525,379 41,323,479
CURRENT LIABILITIES
Current portion of long term borrowings - 5,445,000 4,504,198
secured
Current portion of lease liabilities 15,743 37,494
Current portion of deferred government grant – 40,802
Trade and other payables 89,836,138 62,481,315
Mark-up and profit accrued 1,505,936 722,941
Short term borrowings - secured 57,994,421 38,954,272
Unclaimed dividend 478,676 471,891
Taxation 6,485,753 4,956,079
total current liability 161,761,667 112,168,992
total equity and liabilties 240,122,007 201,006,765

NON - CURRENT ASSETS

Property, plant and equipment 27,631,051 23,987,286
Intangible assets 1,573,143 1,576,441
Long term investments 50,525,124 46,114,698
Long term loans and advances - secured 4,555,580 3,044,137
Long term deposits and prepayments 12,378 14,678
total non current assets 84,297,276 74,737,240

CURRENT ASSETS
Stores, spares and loose tools 6,301,086 4,557,509
Stock in trade 19,487,801 1,048,397
Trade debts 371,540 833,231
Loans and advances - secured 952,546 758,658
Deposits and prepayments 301,327 66,684
Other receivables 26,620,590 22,619,197
Short term investments 100,269,870 95,196,271
Cash and bank balances 1,519,971 1,189,578
total current assets 155,824,731 126,269,525
total assets 240,122,007 201,006,765

total inventory 31,394,793.00 10,359,655.00

avg inventory 15,697,396.50 5,179,827.50
CASH +RECEIVABLE +MARKETING SECURITES 102,161,381.00 97,219,080.00
TOTAL RECEIVABLE 1,204,771.00 3,120,567.00
AVG RECEIVABLE 602,385.50 1,560,283.50
AVERAGE PAY ABLE 44,918,069.00 31,240,657.50
AVERAGE TOTAL ASSETS 120,061,003.50 100,503,382.50
FIXED ASSET AVERAGE 42,148,638.00 37,368,620.00
T. LAIABILITY 189,287,046.00 153,492,471.00
EBIT 28,818,120.00 28,047,026.00
OPERATING PROFIT 50,154,104.00 47,288,209.00
R
T

2020 2019 2018

12,722,382 12,722,382 12,722,383

160,000 160,000 160,000
29,461,383 22,697,960 20,522,513
- - -
- - -
- - -

191,906 (13,641) (21,950)

42,535,671 35,566,701 33,382,945

10,627,321 6,472,500 8,583,749

59,161 62,360 -

32,771,664 - -
24,633 - -
5,259,415 4,412,445 4,578,148
48,742,194 10,947,305 13,161,897

4,334,776 4,711,250 7,237,742

23,132 42,581 -
87,659 - -
46,620,853 76,009,303 60,599,330
274,936 676,361 300,574
25,257,980 21,802,953 28,526,484
467,812 541,447 638,783
4,603,745 3,091,959 2,641,779
81,670,893 106,875,854 99,944,692
172,948,758 153,389,860 146,489,534

22,840,989 22,212,099 21,533,696

1,571,935 1,576,796 1,575,624
34,674,616 31,087,989 26,898,152
1,945,533 1,200,037 1,113,854
 14,088 12,378 13,604
61,047,161 56,089,299 51,134,930

4,433,760 3,810,669 3,473,851

319,989 6,795,374 12,931,714
2,287,336 13,460,069 3,678,698
789,170 1,795,136 1,060,098
50,685 50,585 81,671
20,965,069 17,653,231 15,724,971
81,902,113 48,040,470 54,585,604
1,153,475 565,029 3,817,997
17,298,758 97,300,561 95,354,604
78,345,919 153,389,860 146,489,534

15,359,792.00 27,011,608.00 16,405,565.00

7,679,896.00 13,505,804.00 8,202,782.50
85,342,924.00 62,065,568.00 62,082,299.00
15,747,405.00 17,138,767.00 3,678,698.00
7,873,702.50 8,569,383.50 1,839,349.00
23,310,426.50 38,004,651.50 30,299,665.00
39,172,959.50 76,694,930.00 73,244,767.00
30,523,580.50 28,044,649.50 25,567,465.00
130,413,087.00 117,823,159.00 113,106,589.00
27,717,951.00 21,276,380.00 23,319,561.00
39,431,296.00 39,025,764.00 19,145,095.00
RATIOS 2022 2021 2020 2019 2018
LIQUIDITY RATIOS
QUICK RATIO 0.63 0.87 1.04 0.58 0.62
CURRENT RATIO 0.96 1.13 0.21 0.91 0.95

ACTIVITY RATIO
INVENTORY TURNOVER 4.42 13.47 0.86 5.56 9.51
DAYS IN INVENTORY 83 27 424 66 38
A/C RECEIVABLE TURNOVER 182 70 12 12 58
DAYS SALES OUT STANDING 2 5 29 30 6
A/C PAYABLE TURN OVER 1.54 2.23 0.28 1.97 2.57
DAYS IN PAYABLE 237 163 1,288 185 142
TOTAL ASSET TURN OVER 0.91 1.08 2.49 1.38 1.45
FIXED ASSET TURN OVER 2.59 2.91 3.20 3.77 4.14

OPEERATING CYCLE 85 32 454 95 45

CASH CONVERSION CYCLE (152) (131) (834) (90) (97)

SOLVENCY RATIOS
DEBT TO ASSET 0.79 0.76 1.66 0.77 0.77
DEBT TO EQUITY 3.72 3.23 3.07 3.31 3.39
LONG TERM DEBT 0.07 0.08 0.14 0.04 0.06
COVERAGE (5.92) (12.24) (14.79) (8.59) 14.25

PROFITABILITY RATIO
GROSS MARGIN 36.62 35.78 32.34 29.06 26.40
OPERATING MARGIN 45.86 43.52 40.38 36.89 18.07
RETURN ON ASSEST 8.35 10.89 26.57 11.15 9.86
RETURN ON EQUITY 39.44 46.08 48.95 48.11 43.25

DUPOND ANALYSIS
NET PROFIT MARGIN 18% 20% 21% 16% 14%
ASSETS TURNOVER 46% 54% 125% 69% 72%
EQUITY MULTIPLIER 4.72 4.23 1.84 4.31 4.39
ROE 39% 46% 49% 48% 43%