afs report kohat

8/7/2019 Afs Report Kohat

1/22

2010 2009 2008

Sales-net 3,629,038,418 3,395,580,759 1,371,791,931

COGS 3,341,872,196 2,591,021,469 1,284,390,080

GP 350,166,222 804,559,290 87,401,851

Selling and distribution expense 56,245,683 111,490,601 24,878,363

admistrative and genral expense 35,943,591 30,094,507 40,894,043

92,189,274 141,585,108 65,772,406Operating profit 257,976,948 662,974,182 21,629,445

other operating expenses 4,835,758 3,291,944 20,958,970

253,141,190 659,682,238 670,475

other operating income 23,210,906 34,218,809 35,978,496

276,352,096 693,901,047 36,648,971

Finance cost 658,589,707 549,902,638 48,935,320

loss on derivatives financial instrument (- ) 122,813,948 (- )

loss/profit before taxation (382,237,611) 21,184,461 (279,572,750)

taxation (54,460,469) (5,908,237) (57,133,384)

loss/profit after taxation (327,777,142) 27,092,698 (222,439,366)loss/earning per share (2.55) 0.21 -1.73


2/22

2007 2006 2005 2004 2003 2002

1,553,733,256 2,327,237,579 1,715,426,515 1,397,871,078 835,607,451 1,021,861,290

1,210,466,340 1,127,575,661 1,051,203,519 902,333,594 693,787,373 689,815,805

343,266,916 1,199,661,918 664,222,996 495,537,484 141,820,078 332,045,485

18,701,815 15,533,247 12,509,368 11,839,810 9,990,624 10,780,737

46,338,529 38,279,574 33,326,619 32,771,011 37,185,202 17,329,717

65,040,344 53,812,821 45,835,987 44,610,821 47,175,826 28,110,454

278,226,572 1,145,849,097 618,387,009 450,926,663 94,644,252 303,935,031

7,640,715 71,433,971 43,354,848 35,722,154

270,585,857 1,074,415,126 575,032,161 415,204,509 94,644,252 303,935,031

75,624,748 19,106,540 9,129,239 4,444,478 1,379,038 1,442,543

346,210,605 1,093,521,666 584,161,400 419,648,987 96,023,290 305,377,574

18,370,018 54,097,507 23,212,275 24,374,892 21,457,746 56,198,175

327,840,587 1,039,424,159 560,949,125 395,274,095 74,565,544 249,179,399

79,472,319 249,557,198 (174,447,785) (102,616,840) 19,360,210 98,612,894

248,368,268 789,866,961 386,501,340 292,657,255 55,205,334 150,566,5052.12 7.76 4.50 5.93 2.52 6.86


3/22

2001

732,825,249

590,884,795

141,940,454

26,465,728

115,474,726

115,474,726

3,305,734

118,780,460

55,810,692

58,280,940

(35,664,126)

22,616,8141.03


4/22

2010 2009

Equity & liability

authorised shares ### ###

paid up capital ### ###

reserves 51,278,714 34,078,866

accumulated profit 622,118,747 949,895,889

### ###

Non current liabilitieslong term finances- secured ### ###

liabilities against asset subject to finance lease sec (- ) 2,040,128

long term security deposits and retention money 155,923,337 154,209,127

defferd liabilities 62,669,613 101,197,782

derivatives fianancial liabilities 202,024,046 160,120,433

### ###

Current liabilities

trade and other payables 734,312,487 554,458,612

interest and markup accured 504,895,065 312,801,576

short term borrowings- secured ### ###current portion of noncurrent liabilities 596,370,138 680,933,125

provision for taxation

- ### ###

total liabilities ### ###

contingencies and commitments

total liabilities and she ### ###

Non current assets

Property plant and equipment

operating fixed assets ### ###capital work in progress 861,363,339 584,965,206

### ###

intangible assets 2,587,653 2,689,912

longterm loans and advances 28,832,286 33,313,347

longterm deposits 5,397,440 5,397,440

### ###

Current assets

stores,spares and loose tools 638,000,427 841,844,312

stock in trade 290,433,057 139,293,693

trade debts 20,010,133 17,792,165

advances,deposits,prepayments and other receiva 430,703,292 612,373,810

cash and bank balance 28,021,733 34,371,413

- ### ###

total assets ### ###


5/22


6/22

2002 2001

500,000,000 500,000,000

219,333,340 219,333,340

162,120,028 162,120,028

93,178,739 2,928,902

474,632,107 384,382,270

16,954,098

15,057,509 118,220,157

2,806,160 4,420,000

116,594,780 44,124,993

134,458,449 183,719,248

89,420,083 81,340,902

69,321,124 98,750,29333,756,486 154,188,070

28,845,466 14,546,815

265,884,920 392,923,121

400,343,369 576,642,369

874,975,476 961,024,639

659,797,694 714,765,6832,100,706

661,898,400 714,765,683

2,716,546 1,428,611

926,030 22,325,311

3,642,576 23,753,922

51,434,353 56,342,730

50,515,942 50,964,743

28,921,924 43,461,019

35,195,185 38,324,163

43,367,096 33,412,379

209,434,500 222,505,034

874,975,476 961,024,639


7/22

2010 2009 2008 2007 2006 2005

current ratio 0.43 0.56 0.66 1.05 2.44 1.47

Current Ratio 0.62 0.59 1.08 1.17 1.02 0.96

quick ratio 0.34 0.51 0.57 0.83 2.22 1.41

Quick Ratio 0.54 0.50 0.99 1.07 0.89 0.86

avg. collection per 2.01 1.91 4.08 5.02 3.39 5.06

Recievable turnover i 7.96 8.73 12.00 6.58 3.98 6.40

days inv held 31.72 19.62 49.54 37.74 28.44 7.76Inventory Turnover(in 18.12 24.03 25.95 26.43 18.76 17.37

payable days 80.2 78.11 69.12 53.97 69.68 51.87

No. of days in Payabl 72.66 56.70 61.85 66.74 84.21 83.08

receivable t.o 181.36 190.85 89.42 72.67 107.53 72.08

RTO 68.95 75.44 65.03 104.25 135.37 161.48

inv t.o 11.51 18.6 7.37 9.67 12.83 47.06

Inventory Turnover 21.47 17.19 21.96 14.04 19.46 25.15

payable t.o 4.55 4.67 5.28 6.76 5.24 7.04

tato 0.42 0.39 0.18 0.25 0.76 1.04Total asset Turnover 0.49 0.58 0.40 0.37 0.37 0.44

fato 0.5 0.49 0.22 0.28 1.12 1.53

Fixed Asset Turnover 0.75 0.87 0.59 0.52 0.64 0.66

gp margin 10% 24% 6% 22% 52% 39%

Gross Margins 0.16 0.32 0.18 0.25 0.47 0.38

op margin 7% 20% 2% 18% 49% 36%

Operating Margins 0.04 0.20 0.08 0.18 0.42 0.33

net margin -9% 1% -16% 16% 34% 23%

Net Profit Margins -0.03 0.08 0.02 0.11 0.28 0.25

roa -4% 0% -3% 4% 26% 23%

ROA 0.01 0.08 0.02 0.05 0.13 0.12

roe -17% 1% -10% 10% 35% 36%

ROE -0.15 0.11 0.01 0.08 0.33 0.28

debt ratio 77% 74% 69% 58% 26% 35%

Debt to Asset Ratio 10.90 9.61 4.71 7.41 9.89 10.53

ltd to total cap 64% 60% 58% 54% 15% 17%

Long-term to Capitali 9.54 6.87 0.95 3.57 6.51 8.81

debt to equity 342% 280% 227% 140% 35% 53%

Debt to Equity Ratio 2.68 2.35 2.19 2.19 2.27 1.54

times interest earn 0.3917 1.2056 0.4420 15.1457 21.1812 26.6405

Times Interest Earned 4.53 4.89 1.72 3.92 6.35 17.89


8/22

2004 2003 2002 2001

1.24 0.96 0.79 0.57

1.18 1.16 1.02 0.56

1.19 0.87 0.6 0.44

0.96 0.98 0.85 0.43

6.79 5.74 10.33 21.65

6.74 7.62 9.71 11.88

6.11 9.98 26.73 31.4827.39 28.31 33.79 29.35

56.6 48.29 47.31 50.25

63.41 52.94 80.76 52.24

53.79 63.55 35.33 16.86

99.07 110.50 50.42 35.86

59.76 36.56 13.66 11.59

16.85 15.83 11.20 23.52

6.45 7.56 7.71 7.26

1.1 1.02 1.17 0.760.49 0.40 0.42 0.43

11.25 1.37 1.54 1.03

0.77 0.62 0.59 0.61

35% 17% 32% 19%

0.35 0.20 0.29 0.13

32% 11% 30% 16%

0.31 0.13 0.23 0.09

21% 7% 15% 3%

0.20 0.10 0.08 0.18

23% 7% 17% 2%

0.11 0.04 0.05 0.07

42% 11% 32% 6%

0.29 -0.11 0.09 1.47

45% 41% 46% 60%

9.10 12.87 11.94 13.79

30% 20% 22% 32%

11.13 12.39 11.39 17.97

83% 68% 84% 150%

2.04 6.55 3.43 6.98

18.4996 4.4107 5.4083 2.0690

12.43 3.95 2.54 0.96


9/22


10/22

- 37.38% 34.16% 26.45% 9.03% 12.54% 20.99% 22.14%

total liabilities 77.39% 73.66% 69.45% 58.41% 25.75% 34.52% 45.43%

total liabilities and she ### ### ### ### ### ### ###

non current assets

operating fixed assets 0.73 0.74 0.12 0.17 0.36 0.35 0.47

capital work in progress 9.93% 6.78% 69.61% 73.06% 32.00% 32.62% 13.98%

83.35% 80.44% 81.96% 89.69% 67.60% 67.79% 9.75%

intangible assets 0 0 0 0 0 0 0

0.33% 0.39% 0.50% 0.74% 1.61% 0.28% 0.20%

longterm deposits 0 0 0 0 0 0.01 0.01

83.78% 80.92% 82.52% 90.50% 69.37% 69.05% 1.49%

current assets

stores,spares and loose tools 0.07 0.1 0.09 0.03 0.04 0.05 0.07

stock in trade 3.35% 1.62% 2.29% 2.03% 2.86% 1.35% 1.19%trade debts 0 0 0 0 0.01 0.01 0.02

4.97% 7.10% 5.33% 1.95% 1.68% 5.44% 4.14%

cash and bank balance 0 0 0 0.02 0.21 0.17 0.13

- 16.22% 19.08% 17.48% 9.50% 30.63% 30.95% 27.44%

total assets 1 1 1 1 1 1 1

contingencies andcommitments

equipment

advances

advances,deposits,prepayments and other receivables


11/22

t

2003 2002 2001

### ### ###

0.83 0.68 0.81

16.97% 32.49% 19.37%

0.01 0.01 0

4.45% 1.70% 0.00%

0.06 0.03 0.0411.33% 29.74% 15.76%

0 0 0

11.33% 29.74% 15.76%

0 0 0

11.49% 29.88% 16.21%

0.03 0.05 0.08

0.00% 0.00% 0.00%

0.09 0.24 0.08

2.32% 9.65% -4.87%

0.07 0.15 0.03

2003 2002 2001

0.61 0.57 0.52

26.85% 25.07% 22.82%

0.2 0.19 0.1712.80% 10.65% 0.30%

0.59 0.54 0.4

0 0 0.02

0.49% 1.72% 12.30%

0 0 0

13.69% 13.33% 4.59%

0 0 014.47% 15.37% 19.12%

0.11 0.1 0.08

0.00% 0.00% 0.00%

0.01 0.08 0.1

1.47% 3.86% 16.04%

0.07 0.03 0.02


12/22

26.03% 30.39% 40.89%

40.50% 45.75% 60.00%

### ### ###

0.74 0.75 0.74

0.28% 0.24% 0.00%

74.53% 75.65% 74.38%

0 0 0

0.32% 0.31% 0.15%

0 0 0.02

0.44% 0.42% 2.47%

0.11 0.06 0.06

2.32% 5.77% 5.30%0.02 0.03 0.05

4.19% 4.02% 3.99%

0.06 0.05 0.03

25.03% 23.94% 23.15%

1 1 1


13/22

2010 2009 2008 2007 2006 2005 2004 2003

Sales-net ### ### ### ### ### ### ### ###

COGS ### ### ### ### ### ### ### ###

GP 9.6% 23.7% 6.4% 22.1% 51.5% 38.7% 35.4% 17.0%

1.5% 3.3% 1.8% 1.2% 0.7% 0.7% 0.8% 1.2%

1.0% 0.9% 3.0% 3.0% 1.6% 1.9% 2.3% 4.5%2.5% 4.2% 4.8% 4.2% 2.3% 2.7% 3.2% 5.6%

Operating profit 7.1% 19.5% 1.6% 17.9% 49.2% 36.0% 32.3% 11.3%

other operating expenses 0.1% 0.1% 1.5% 0.5% 3.1% 2.5% 2.6% 0.0%

7.0% 19.4% 0.0% 17.4% 46.2% 33.5% 29.7% 11.3%

other operating income 0.6% 1.0% 2.6% 4.9% 0.8% 0.5% 0.3% 0.2%

7.6% 20.4% 2.7% 22.3% 47.0% 34.1% 30.0% 11.5%

Finance cost ### ### 3.6% 1.2% 2.3% 1.4% 1.7% 2.6%

0.0% 3.6% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

loss/profit before taxation ### 0.6% ### ### ### ### ### 8.9%

taxation -1.5% -0.2% -4.2% 5.1% 10.7% ### -7.3% 2.3%

loss/profit after taxation -9.0% 0.8% ### ### ### ### ### 6.6%

2010 2009 2008 2007 2006 2005 2004 2003

equity & liability

authorised shares 0.17 0.17 0.2 0.24 0.49 0.61 0.39 0.61

paid up capital ### ### ### ### ### ### ### ###

reserves 0.01 0 0.03 0.06 0.13 0.1 0.13 0.2

accumulated profit 7.17% ### ### ### ### ### ### ###

0.23 0.26 0.31 0.42 0.74 0.65 0.55 0.59non current liabilities

0.35 0.35 0.39 0.44 0.08 0.04 0.1 0

0.02% 0.05% 0.08% 2.15% 4.42% 0.49%

0.02 0.02 0.02 0.02 0 0 0 0

defferd liabilities 0.72% 1.17% 2.04% 3.71% 5.24% 6.31% 8.29% ###

0.02 0.02 0 0 0 0 0 0

### ### ### ### ### ### ### ###

Current liabilities

trade and other payables 0.08 0.06 0.03 0.03 0.07 0.09 0.11 0.11

5.82% 3.63% 0.67% 0.20% 0.06% 0.10% 0.11% 0.00%

0.16 0.16 0.14 0.02 0.02 0.03 0.05 0.01

6.88% 7.89% 8.20% 3.54% 1.44% 3.26% 3.24% 1.47%

provision for taxation 0 0 0 0 0.01 0.04 0.01 0.07

Selling and distributionexpense

admistrative and genral

expense

loss on derivatives financialinstruments

secured

liabilities against assetsubject to finance leasesecured

long term security depositsand retention money

derivatives fianancialliabilities

accured

short term borrowings-secured

current portion ofnoncurrent liabilities


14/22

- ### ### ### 9.03% ### ### ### ###

total liabilities ### ### ### ### ### ### ### ###

total liabilities and she 100% 100% 100% 100% 100% 100% 100% 100%

non current assets

operating fixed assets 0.73 0.74 0.12 0.17 0.36 0.35 0.47 0.74

capital work in progress 9.93% 6.78% ### ### ### ### ### 0.28%

### ### ### ### ### ### 9.75% ###

intangible assets 0 0 0 0 0 0 0 0

0.33% 0.39% 0.50% 0.74% 1.61% 0.28% 0.20% 0.32%

longterm deposits 0 0 0 0 0 0.01 0.01 0

### ### ### ### ### ### 1.49% 0.44%

current assets

0.07 0.1 0.09 0.03 0.04 0.05 0.07 0.11

stock in trade 3.35% 1.62% 2.29% 2.03% 2.86% 1.35% 1.19% 2.32%

trade debts 0 0 0 0 0.01 0.01 0.02 0.02

4.97% 7.10% 5.33% 1.95% 1.68% 5.44% 4.14% 4.19%

cash and bank balance 0 0 0 0.02 0.21 0.17 0.13 0.06

- ### ### ### 9.50% ### ### ### ###

total assets 1 1 1 1 1 1 1 1

contingencies andcommitments

property plant andequipment

advances

tools

advances,deposits,prepayments and otherreceivables


15/22

2002 2001

### ###

### ###

32.5% 19.4%

1.1% 0.0%

1.7% 0.0%2.8% 3.6%

29.7% 15.8%

0.0% 0.0%

29.7% 15.8%

0.1% 0.5%

29.9% 16.2%

5.5% 7.6%

0.0% 0.0%

### 8.0%

9.7% -4.9%

### 3.1%

2002 2001

0.57 0.52

### ###

0.19 0.17

### 0.30%

0.54 0.4

0 0.02

1.72% ###

0 0

### 4.59%

0 0

### ###

0.1 0.08

0.00% 0.00%

0.08 0.1

3.86% ###

0.03 0.02


16/22

### ###

### ###

100% 100%

0.75 0.74

0.24% 0.00%

### ###

0 0

0.31% 0.15%

0 0.02

0.42% 2.47%

0.06 0.06

5.77% 5.30%

0.03 0.05

4.02% 3.99%

0.05 0.03

### ###

1 1


17/22

2010 2009 2008 2007 2006 2005 2004 2003 2002

Current Ratio 0.62 0.59 1.08 1.17 1.02 0.96 1.18 1.16 1.02

Quick Ratio 0.54 0.50 0.99 1.07 0.89 0.86 0.96 0.98 0.85

7.96 8.73 12.00 6.58 3.98 6.40 6.74 7.62 9.71

18.12 24.03 25.95 26.43 18.76 17.37 27.39 28.31 33.79

72.66 56.70 61.85 66.74 84.21 83.08 63.41 52.94 80.76

RTO 68.95 75.44 65.03 104.25 135.37 161.48 99.07 110.50 50.42

21.47 17.19 21.96 14.04 19.46 25.15 16.85 15.83 11.20

0.49 0.58 0.40 0.37 0.37 0.44 0.49 0.40 0.42

0.75 0.87 0.59 0.52 0.64 0.66 0.77 0.62 0.59

Gross Margins 0.16 0.32 0.18 0.25 0.47 0.38 0.35 0.20 0.29

0.04 0.20 0.08 0.18 0.42 0.33 0.31 0.13 0.23

-0.03 0.08 0.02 0.11 0.28 0.25 0.20 0.10 0.08

ROA 0.01 0.08 0.02 0.05 0.13 0.12 0.11 0.04 0.05

ROE -0.15 0.11 0.01 0.08 0.33 0.28 0.29 -0.11 0.09

10.90 9.61 4.71 7.41 9.89 10.53 9.10 12.87 11.94

9.54 6.87 0.95 3.57 6.51 8.81 11.13 12.39 11.39

2.68 2.35 2.19 2.19 2.27 1.54 2.04 6.55 3.43

4.53 4.89 1.72 3.92 6.35 17.89 12.43 3.95 2.54

2010 2009 2008 2007 2006 2005 2004 2003 2002

Current ratio 0.43 0.56 0.66 1.05 2.44 1.47 1.24 0.96 0.79

Quick ratio 0.34 0.51 0.57 0.83 2.22 1.41 1.19 0.87 0.60

2.01 1.91 4.08 5.02 3.39 5.06 6.79 5.74 10.33

Days inv held 31.72 19.62 49.54 37.74 28.44 7.76 6.11 9.98 26.73

Payable days 80.20 78.11 69.12 53.97 69.68 51.87 56.60 48.29 47.31

Receivable t.o 181.36 190.85 89.42 72.67 107.53 72.08 53.79 63.55 35.33

Inv t.o 11.51 18.60 7.37 9.67 12.83 47.06 59.76 36.56 13.66

Payable t.o 4.55 4.67 5.28 6.76 5.24 7.04 6.45 7.56 7.71

Tato 0.42 0.39 0.18 0.25 0.76 1.04 1.10 1.02 1.17

Fato 0.50 0.49 0.22 0.28 1.12 1.53 11.25 1.37 1.54

Gp margin 0.10 0.24 0.06 0.22 0.52 0.39 0.35 0.17 0.32Op margin 0.07 0.20 0.02 0.18 0.49 0.36 0.32 0.11 0.30

Net margin -0.09 0.01 -0.16 0.16 0.34 0.23 0.21 0.07 0.15

ROA -0.04 0.00 -0.03 0.04 0.26 0.23 0.23 0.07 0.17

ROE -0.17 0.01 -0.10 0.10 0.35 0.36 0.42 0.11 0.32

Debt ratio 0.77 0.74 0.69 0.58 0.26 0.35 0.45 0.41 0.46

Recievableturnover in days

InventoryTurnover(indays)

No. of days inPayables

TurnoverTurnoverTurnover

MarginsMargins

Ratio

Long-term toCapitalizationRatioRatio

Times InterestEarned

per


18/22

0.64 0.60 0.58 0.54 0.15 0.17 0.30 0.20 0.22

Debt to equity 3.42 2.80 2.27 1.40 0.35 0.53 0.83 0.68 0.84

0.39 1.21 0.44 15.15 21.18 26.64 18.50 4.41 5.41

Long-term tototalcapitalizationratio

earn


19/22

2001

0.56

0.43

11.88

29.35

52.24

35.86

23.52

0.43

0.61

0.13

0.09

0.18

0.07

1.47

13.79

17.97

6.98

0.96

2001

0.57

0.44

21.65

31.48

50.25

16.86

11.59

7.26

0.76

1.03

0.190.16

0.03

0.02

0.06

0.60


20/22

0.32

1.50

2.07


21/22

2010 2009 2008 2007 2006 2005 2004

Gp margin 10% 24% 6% 22% 52% 39% 35%

Op margin 7% 20% 2% 18% 49% 36% 32%

Net margin -9% 1% -16% 16% 34% 23% 21%

ROA -4% 0% -3% 4% 26% 23% 23%

ROE -17% 1% -10% 10% 35% 36% 42%

2010 2009 2008 2007 2006 2005 2004

Debt ratio 0.77 0.74 0.69 0.58 0.26 0.35 0.45

Debt to equity 3.42 2.80 2.27 1.40 0.35 0.53 0.83

0.64 0.60 0.58 0.54 0.15 0.17 0.30

2010 2009 2008 2007 2006 2005 2004

0.39 1.21 0.44 15.15 21.18 26.64 18.50

2010 2009 2008 2007 2006 2005 2004

Current ratio 0.43 0.56 0.66 1.05 2.44 1.47 1.24

Quick ratio 0.34 0.51 0.57 0.83 2.22 1.41 1.19

2010 2009 2008 2007 2006 2005 2004

Inv turn over 11.51 18.60 7.37 9.67 12.83 47.06 59.76

Payable turn over 4.55 4.67 5.28 6.76 5.24 7.04 6.45

181.36 190.85 89.42 72.67 107.53 72.08 53.79

Long-term to totalcapitalization ratio

Times interestearn

Receivable turnover


22/22

2003 2002 2001

17% 32% 19%

11% 30% 16%

7% 15% 3%

7% 17% 2%

11% 32% 6%

2003 2002 2001

0.41 0.46 0.60

0.68 0.84 1.50

0.20 0.22 0.32

2003 2002 2001

4.41 5.41 2.07

2003 2002 2001

0.96 0.79 0.57

0.87 0.60 0.44

2003 2002 2001

36.56 13.66 11.59

7.56 7.71 7.26

63.55 35.33 16.86

afs report kohat

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