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17 views1,343 pages

Advance Financial Managment

The document provides pro forma balance sheets and income statements for a company called Nishat Mills for the years 2021-2026. It shows projected values for items like assets, liabilities, equity, sales, costs, expenses, income and dividends over this time period.

Uploaded by

Mehreen Khan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
17 views1,343 pages

Advance Financial Managment

The document provides pro forma balance sheets and income statements for a company called Nishat Mills for the years 2021-2026. It shows projected values for items like assets, liabilities, equity, sales, costs, expenses, income and dividends over this time period.

Uploaded by

Mehreen Khan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 1343

Increase

Pro Forma Balance Sheet For the Year 2021-2026


Item Name 2021

A. Non-Current Assets (A1+A3+A4+A5+A6) 85,652,156


1. Capital work in progress 6,212,913
2. Operating fixed assets at cost 58,338,529
3. Operating fixed assets after deducting accumulated depreciation 29,713,681
4. Intangible assets -
5. Long term investments 49,100,201
of which: i) Investments in subsidiaries 4,532,003
ii) Investments in associates 44,088,692
6. Other non-current assets 625,361
of which: i) Long term loans and advances 468,377
ii) Long term deposits 156,984
B. Current Assets (B1+B2+B3+B4+B5+B6) 45,460,218
1. Cash & bank balance 5,272,345
2. Inventories; of which 17,972,691
i) Raw material 9,283,755
ii) Work in progress 2,814,471
iii) Finished goods 5,874,465
3. Trade Debt / accounts receivables 6,549,252
4. Short term loans and advances 7,675,599
5. Short term investments -
6. Other current assets 7,990,331
of which: i) Stores, spares & loose tools 2,605,602
ii) Trade deposits & pre-payments 80,828
Total Assets (A+B) 131,112,374
C. Shareholders' Equity (C1+C2+C3) 85,747,779
1. Issued, Subscribed & Paid up capital 3,515,999
i) Ordinary Shares 3,515,999
ii) Preference shares -
2. Reserves 82,231,780
i) Capital Reserve 29,042,536
ii) Revenue Reserve 53,189,244
of which: un-appropriated profit(loss) / retained earnings 5,923,216
3. Surplus on revaluation of fixed assets -
D. Non-Current Liabilities (D1+D2+D3+D4+D5) 12,633,907
1. Long term borrowings 11,577,915
of which: i) Long term secured loans 11,577,915
ii) Long term unsecured loans -
iii) Long term lease finance -
2. Subordinated loans / Sponsor's loans -
3. Debentures/TFCs (bonds payable) -
4. Employees benefit obligations -
5. Other non-current liabilities 1,055,992
E. Current Liabilities (E1+E2+E3+E4) 32,730,688
1. Trade credit & other accounts payables 9,512,304
of which: i) Trade credits 5,637,086
2. Short term Borrowings 18,718,262
of which: i) Short term secured loans 18,718,262
ii) Short term unsecured loans -
iii) Short term lease finance -
3. Current portion of non-current liabilities 4,206,123
4. Other current liabilities 293,999
of which: i) Interest / markup payables 196,382
ii) Taxes payable -
Total Liabilities & Owner Equity 131,112,374

Nishat Mills Income Statement For the Year of 2021-2026

1. Sales 71,431,010
i) Local sales (Net) 24,837,854
ii) Export sales (Net) 46,593,156
2. Cost of sales 62,113,155
i) Cost of material 35,741,113
ii) Labour 7,396,591
iii) Overhead 18,975,451
3. Gross profit / (loss) (F1-F2) 9,317,855
4. General, administrative and other expenses 4,768,362
i) Selling & distribution expenses 3,096,473
of which: Advertisement & promotions 346
ii) Administrative and other expenses 1,671,889
of which: Corporate social responsibilities 3,200
5. Other income / (loss) 3,750,188
6. EBIT (F3-F4+F5) 8,299,681
7. Financial expenses 1,229,179
of which: (i) Interest expenses 896,545
8. Profit / (loss) before taxation (F6-F7) 7,070,502
9. Tax expenses 1,148,032
i) Current 1,148,032
a) for the year 1,148,032
b) prior year -
ii) Deferred -
10. Profit / (loss) after tax (F8-F9) 5,922,470
11. Cash dividends 1,406,400
10%

2022 2023 2024 2025 2026

94,217,372 103,639,109 114,003,020 125,403,322 137,943,654


6,834,204 7,517,625 8,269,387 9,096,326 10,005,959
64,172,382 70,589,620 77,648,582 85,413,440 93,954,784
32,685,049 35,953,554 39,548,909 43,503,800 47,854,180
- - - - -
54,010,221 59,411,243 65,352,368 71,887,604 79,076,365
4,985,203 5,483,724 6,032,096 6,635,306 7,298,836
48,497,561 53,347,317 58,682,049 64,550,254 71,005,279
687,897 756,687 832,355 915,591 1,007,150
515,215 566,736 623,410 685,751 754,326
172,682 189,951 208,946 229,840 252,824
50,006,240 55,006,864 60,507,550 66,558,305 73,214,136
5,799,580 6,379,537 7,017,491 7,719,240 8,491,164
19,769,960 21,746,956 23,921,652 26,313,817 28,945,199
10,212,131 11,233,344 12,356,678 13,592,346 14,951,580
3,095,918 3,405,510 3,746,061 4,120,667 4,532,734
6,461,912 7,108,103 7,818,913 8,600,804 9,460,885
7,204,177 7,924,595 8,717,054 9,588,760 10,547,636
8,443,159 9,287,475 10,216,222 11,237,844 12,361,629
- - - - -
8,789,364 9,668,301 10,635,131 11,698,644 12,868,508
2,866,162 3,152,778 3,468,056 3,814,862 4,196,348
88,911 97,802 107,582 118,340 130,174
144,223,611 158,645,973 174,510,570 191,961,627 211,157,789
94,322,557 103,754,813 114,130,294 125,543,323 138,097,656
3,867,599 4,254,359 4,679,795 5,147,774 5,662,552
3,867,599 4,254,359 4,679,795 5,147,774 5,662,552
- - - - -
90,454,958 99,500,454 109,450,499 120,395,549 132,435,104
31,946,790 35,141,469 38,655,615 42,521,177 46,773,295
58,508,168 64,358,985 70,794,884 77,874,372 85,661,809
6,515,538 7,167,091 7,883,800 8,672,181 9,539,399
- - - - -
13,897,298 15,287,027 16,815,730 18,497,303 20,347,034
12,735,707 14,009,277 15,410,205 16,951,225 18,646,348
12,735,707 14,009,277 15,410,205 16,951,225 18,646,348
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
1,161,591 1,277,750 1,405,525 1,546,078 1,700,686
36,003,757 39,604,132 43,564,546 47,921,000 52,713,100
10,463,534 11,509,888 12,660,877 13,926,964 15,319,661
6,200,795 6,820,874 7,502,961 8,253,258 9,078,583
20,590,088 22,649,097 24,914,007 27,405,407 30,145,948
20,590,088 22,649,097 24,914,007 27,405,407 30,145,948
- - - - -
- - - - -
4,626,735 5,089,409 5,598,350 6,158,185 6,774,003
323,399 355,739 391,313 430,444 473,488
216,020 237,622 261,384 287,523 316,275
- - - - -
144,223,611 158,645,973 174,510,570 191,961,627 211,157,789

78,574,111 86,431,522 95,074,674 104,582,142 115,040,356


27,321,639 30,053,803 33,059,184 36,365,102 40,001,612
51,252,472 56,377,719 62,015,491 68,217,040 75,038,744
68,324,471 75,156,918 82,672,609 90,939,870 100,033,857
39,315,224 43,246,747 47,571,421 52,328,564 57,561,420
8,136,250 8,949,875 9,844,863 10,829,349 11,912,284
20,872,996 22,960,296 25,256,325 27,781,958 30,560,154
10,249,641 11,274,605 12,402,065 13,642,272 15,006,499
5,245,198 5,769,718 6,346,690 6,981,359 7,679,495
3,406,120 3,746,732 4,121,406 4,533,546 4,986,901
381 419 461 507 557
1,839,078 2,022,986 2,225,284 2,447,813 2,692,594
3,520 3,872 4,259 4,685 5,154
4,125,207 4,537,727 4,991,500 5,490,650 6,039,715
9,129,649 10,042,614 11,046,875 12,151,563 13,366,719
1,352,097 1,487,307 1,636,037 1,799,641 1,979,605
986,200 1,084,819 1,193,301 1,312,632 1,443,895
7,777,552 8,555,307 9,410,838 10,351,922 11,387,114
1,262,835 1,389,119 1,528,031 1,680,834 1,848,917
1,262,835 1,389,119 1,528,031 1,680,834 1,848,917
1,262,835 1,389,119 1,528,031 1,680,834 1,848,917
- - - - -
- - - - -
6,514,717 7,166,189 7,882,808 8,671,088 9,538,197
1,547,040 1,701,744 1,871,918 2,059,110 2,265,021
Last Year Dividend
This Year Dividend
Retained Earnings of the Year 2022
Total Equity for the Year 20232
Total Assets for the Year 2022
Total Liabilities & Equity for the Year 2022
External Financing Needed (EFN)
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Pro Forma Balance Sheet For the Year 2021-2026
Item Name 2026

A. Non-Current Assets (A1+A3+A4+A5+A6) 358,294,901


1. Capital work in progress 15,459,716
2. Operating fixed assets at cost 145,164,928
3. Operating fixed assets after deducting accumulated depreciation 73,937,147
4. Intangible assets -
5. Long term investments 122,177,012
of which: i) Investments in subsidiaries 11,277,074
ii) Investments in associates 109,706,774
6. Other non-current assets 1,556,098
of which: i) Long term loans and advances 1,165,472
ii) Long term deposits 390,626
B. Current Assets (B1+B2+B3+B4+B5+B6) 74,881,335
1. Cash & bank balance 13,119,282
2. Inventories; of which 44,721,806
i) Raw material 23,100,953
ii) Work in progress 7,003,304
iii) Finished goods 14,617,549
3. Trade Debt / accounts receivables 16,296,635
4. Short term loans and advances 19,099,347
5. Short term investments -
6. Other current assets 19,882,500
of which: i) Stores, spares & loose tools 6,483,572
ii) Trade deposits & pre-payments 201,126
Total Assets (A+B) 433,176,236
C. Shareholders' Equity (C1+C2+C3) 213,367,913
1. Issued, Subscribed & Paid up capital 8,748,931
i) Ordinary Shares 8,748,931
ii) Preference shares -
2. Reserves 204,618,983
i) Capital Reserve 72,267,123
ii) Revenue Reserve 132,351,860
of which: un-appropriated profit(loss) / retained earnings 14,738,857
3. Surplus on revaluation of fixed assets -
D. Non-Current Liabilities (D1+D2+D3+D4+D5) 31,437,203
1. Long term borrowings 28,809,557
of which: i) Long term secured loans 28,809,557
ii) Long term unsecured loans -
iii) Long term lease finance -
2. Subordinated loans / Sponsor's loans -
3. Debentures/TFCs (bonds payable) -
4. Employees benefit obligations -
5. Other non-current liabilities 2,627,646
E. Current Liabilities (E1+E2+E3+E4) 81,444,426
1. Trade credit & other accounts payables 23,669,656
of which: i) Trade credits 14,026,874
2. Short term Borrowings 46,577,026
of which: i) Short term secured loans 46,577,026
ii) Short term unsecured loans -
iii) Short term lease finance -
3. Current portion of non-current liabilities 10,466,180
4. Other current liabilities 731,564
of which: i) Interest / markup payables 488,661
ii) Taxes payable -
Total Liabilities & Owner Equity 326,249,542

Nishat Mills Income Statement For the Year of 2021-2026


2026
1. Sales 177,743,211
i) Local sales (Net) 61,804,529
ii) Export sales (Net) 115,938,682
2. Cost of sales 154,557,406
i) Cost of material 88,935,326
ii) Labour 18,405,085
iii) Overhead 47,216,994
3. Gross profit / (loss) (F1-F2) 23,185,805
4. General, administrative and other expenses 11,865,211
i) Selling & distribution expenses 7,705,016
of which: Advertisement & promotions 861
ii) Administrative and other expenses 4,160,195
of which: Corporate social responsibilities 7,963
5. Other income / (loss) 9,331,668
6. EBIT (F3-F4+F5) 20,652,262
7. Financial expenses 3,058,591
of which: (i) Interest expenses 2,230,891
8. Profit / (loss) before taxation (F6-F7) 17,593,672
9. Tax expenses 1,148,032
i) Current 1,148,032
a) for the year 1,148,032
b) prior year -
ii) Deferred -
10. Profit / (loss) after tax (F8-F9) 16,445,640
11. Cash dividends 2,432,404.97

2026
Last Year Dividend 1992563.18208
This Year Dividend 2432404.970496
Retained Earnings of the Year 2022 (14,013,234.57)
Total Equity for the Year 20232 213367913.44128
Total Assets for the Year 2022 433,176,236
Total Liabilities & Equity for the Year 2022 326249542.47168
External Financing Needed (EFN) 106,926,694

Debt to Equity ratio for the year = Total Debt / Total Equity
Pro Forma Balance Sheet For the Year 2026 & 2
Item Name 2021
A. Non-Current Assets (A1+A3+A4+A5+A6) 282,029,193
1. Capital work in progress 3,259,408
2. Operating fixed assets at cost 35,660,413
3. Operating fixed assets after deducting accumulated depreciation 12,429,717
4. Intangible assets 2,513,379
5. Long term investments 12,556,750
of which: i) Investments in subsidiaries 4,890,680
ii) Investments in associates 3,457,976
6. Other non-current assets 251,269,939
of which: i) Long term loans and advances 333,520
ii) Long term deposits 337,537
B. Current Assets (B1+B2+B3+B4+B5+B6) 845,830,116
1. Cash & bank balance 13,919,215

2. Inventories; of which 341,757,891


3. Trade Debt / accounts receivables 430,941,589
4. Short term loans and advances 636,421
5. Short term investments -
6. Other current assets 58,575,000
of which: i) Stores, spares & loose tools 764,664
ii) Trade deposits & pre-payments 332,773
Total Assets (A+B) 1,127,859,309
C. Shareholders' Equity (C1+C2+C3) 403,054,089
1. Issued, Subscribed & Paid up capital 104,694,734
i) Ordinary Shares 4,694,734
ii) Preference shares -
2. Reserves 298,359,355
i) Capital Reserve 1,003,373
ii) Revenue Reserve 210,950,994
of which: un-appropriated profit(loss) / retained earnings 181,949,526
3. Surplus on revaluation of fixed assets -
D. Non-Current Liabilities (D1+D2+D3+D4+D5) 27,547,613
1. Long term borrowings 16,842,539
of which: i) Long term secured loans -
ii) Long term unsecured loans -
iii) Long term lease finance 5,842,539
2. Subordinated loans / Sponsor's loans -
3. Debentures/TFCs (bonds payable) -
4. Employees benefit obligations 9,930,755
5. Other non-current liabilities 774,319
E. Current Liabilities (E1+E2+E3+E4) 697,257,607
1. Trade Credit & other accounts payables 503,810,208
of which: i) Trade credits 375,951,369
2. Short term Borrowings 165,845,542
of which: i) Short term Secured loans 155,845,542
ii) Short term unsecured loans -
iii) Short term lease finance -
3. Current portion of non-current liabilities 10,794,440
4. Other current liabilities 16,807,417
of which: i) Interest / markup payables 1,029,501
ii) Taxes payable 13,659,984
Total Liabilities & Owner Equity 1,127,859,309
PSO Income Statement For the Year of 2026 & 202
Year 2022
1. Sales 2,451,580,833
i) Local sales (Net) 2,451,580,833
ii) Export Sales (Net) -
2. Cost of sales 2,290,585,612
i) Cost of material -
ii) Labour -
iii) Overhead 2,290,585,612
3. Gross profit / (loss) (F1-F2) 160,995,221
4. General, administrative and other expenses 28,822,319
i) Selling & distribution expenses 12,633,949
of which: Advertisement & promotions 521,345
ii) Administrative and other expenses 16,188,370
of which: Corporate social responsibilities 249,230
5. Other income / (loss) 20,402,875
6. EBIT (F3-F4+F5) 152,575,777
7. Financial expenses 4,720,705
of which: (i) Interest expenses 4,720,705
8. Profit / (loss) before taxation (F6-F7) 147,855,072
9. Tax expenses 61,632,544
i) Current 65,273,648
a) for the year 64,944,218
b) prior year 329,430
ii) Deferred (3,641,104)
10. Profit / (loss) after tax (F8-F9) 86,222,528
11. Cash dividends 15,520,055.04
10324301799.04
Increase 20%
Sheet For the Year 2026 & 2027
2022 2023 2024 2025 2026
338,435,032 406,122,038 487,346,446 584,815,735 701,778,882
3,911,290 4,693,548 5,632,257 6,758,708 8,110,450
42,792,496 51,350,995 61,621,194 73,945,432 88,734,519
14,915,660 17,898,792 21,478,551 25,774,261 30,929,113
3,016,055 3,619,266 4,343,119 5,211,743 6,254,091
15,068,100 18,081,720 21,698,064 26,037,677 31,245,212
5,868,816 7,042,579 8,451,095 10,141,314 12,169,577
4,149,571 4,979,485 5,975,383 7,170,459 8,604,551
301,523,927 361,828,712 434,194,455 521,033,346 625,240,015
400,224 480,269 576,323 691,587 829,904
405,044 486,053 583,264 699,917 839,900
1,014,996,139 1,217,995,367 1,461,594,440 1,753,913,329 2,104,695,994
16,703,058 20,043,670 24,052,404 28,862,884 34,635,461

410,109,469 492,131,363 590,557,636 708,669,163 850,402,995


517,129,907 620,555,888 744,667,066 893,600,479 1,072,320,575
763,705 916,446 1,099,735 1,319,683 1,583,619
- - - - -
70,290,000 84,348,000 101,217,600 121,461,120 145,753,344
917,597 1,101,116 1,321,339 1,585,607 1,902,729
399,328 479,193 575,032 690,038 828,046
1,353,431,171 1,624,117,405 1,948,940,886 2,338,729,063 2,806,474,876
403,054,089 403,054,090 403,054,091 403,054,092 403,054,093
104,694,734 104,694,734 104,694,734 104,694,734 104,694,734
4,694,734 4,694,735 4,694,736 4,694,737 4,694,738
- - - - -
298,359,355 298,359,355 298,359,355 298,359,355 298,359,355
1,003,373 1,003,373 1,003,373 1,003,373 1,003,373
210,950,994 210,950,994 210,950,994 210,950,994 210,950,994
181,949,526 181,949,526 181,949,526 181,949,526 181,949,526
- - - - -
16,547,613 16,547,614 16,547,615 16,547,616 16,547,617
5,842,539 5,842,540 5,842,541 5,842,542 5,842,543
- - - - -
- - - - -
5,842,539 5,842,539 5,842,539 5,842,539 5,842,539
- - - - -
- - - - -
9,930,755 9,930,755 9,930,755 9,930,755 9,930,755
774,319 774,319 774,319 774,319 774,319
836,709,128 1,004,050,954 1,204,861,145 1,445,833,374 1,735,000,049
604,572,250 725,486,700 870,584,039 1,044,700,847 1,253,641,017
451,141,643 541,369,971 649,643,966 779,572,759 935,487,311
199,014,650 238,817,580 286,581,097 343,897,316 412,676,779
187,014,650 224,417,580 269,301,097 323,161,316 387,793,579
- - - - -
- - - - -
12,953,328 15,543,994 18,652,792 22,383,351 26,860,021
20,168,900 24,202,680 29,043,217 34,851,860 41,822,232
1,235,401 1,482,481 1,778,978 2,134,773 2,561,728
16,391,981 19,670,377 23,604,452 28,325,343 33,990,411
1,256,310,830 1,423,652,658 1,624,462,851 1,865,435,082 2,154,601,759
ment For the Year of 2026 & 2027
2023 2024 2025 2026 2027
2,941,897,000 3,530,276,400 4,236,331,679 5,083,598,015 6,100,317,618
2,941,897,000 3,530,276,400 4,236,331,679 5,083,598,015 6,100,317,618
- - - - -
2,748,702,734 3,298,443,281 3,958,131,938 4,749,758,325 5,699,709,990
- - - - -
- - - - -
2,748,702,734 3,298,443,281 3,958,131,938 4,749,758,325 5,699,709,990
193,194,265 231,833,118 278,199,742 333,839,690 400,607,628
34,586,783 41,504,139 49,804,967 59,765,961 71,719,153
15,160,739 18,192,887 21,831,464 26,197,757 31,437,308
625,614 750,737 900,884 1,081,061 1,297,273
19,426,044 23,311,253 27,973,503 33,568,204 40,281,845
299,076 358,891 430,669 516,803 620,164
24,483,450 29,380,140 35,256,168 42,307,402 50,768,882
183,090,932 219,709,119 263,650,943 316,381,131 379,657,357
5,664,846 6,797,815 8,157,378 9,788,854 11,746,625
5,664,846 6,797,815 8,157,378 9,788,854 11,746,625
177,426,086 212,911,304 255,493,564 306,592,277 367,910,733
61,632,544 61,632,544 61,632,544 61,632,544 61,632,544
65,273,648 65,273,648 65,273,648 65,273,648 65,273,648
64,944,218 64,944,218 64,944,218 64,944,218 64,944,218
329,430 329,430 329,430 329,430 329,430
(3,641,104) (3,641,104) (3,641,104) (3,641,104) (3,641,104)
115,793,542 151,278,760 193,861,020 244,959,733 306,278,189
20,842,837.63 27,230,176.74 34,894,983.67 44,092,751.99 55,130,073.98
12365999288.63
20,842,837.63
0.18
94,950,704.77
Assets, costs, and liabilities are
proportional to sales. Debt and equity
are not proportional to sales. The
company is maintaining constant 5.4%
dividend payout ratio. As with every
firm in its industry, next year’s sales
are projected to increase by exactly
20%. What is the external financing
needed?

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