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About Toyota Pakistan:

Indus motor company (IMC) is a joint project between the house of

Habib, Toyota Motor Corporation japan (TMC), and Toyota Tsusho

Corporation Japan (TTC) for assembling, progressive manufacturing andmarketing of Toyota vehicles in Pakistan since July 01, 1990. TMC is the

worlds largest automobile manufacture by sales and productions.

History:

Toyota started in 1993 as a division of Toyoda Automatic loom works

devoted to the production of automobiles under the direction of thefounders son, Kiichiro Toyoda. In 1934, Toyota first created the type Aengine, and its first vehicles were the A1 passenger car and the G1 in

1935. Toyota Motor Co was established as an independent company in

1937. Toyota Motor Corporation Group companies are Toyota(including the Scion brand), Lexus, Daihatsu and Hino Motors, along

with several Non -automotive companies. TMC is part of the Toyota

Group, One of the largest conglomerates in the world.

Toyota Products:

Toyota is the market leader of Pakistan in automobiles industry.The product line of Toyota in Pakistan is like; MARK-X the most popular

hybrid car running in Pakistan and the best economy car of Toyota in

Pakistan is CUORE. But the Toyota most selling car in all over thePakistan is COROLLA, and the Toyota also deals in SUV vehicles like land

cruiser, Terios, Prado, Hilux, Avanza, Fortuner and many others.

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Toyota Service:

Toyota are the most popular in automobiles industry by the after sale

services. The services center in all over the Pakistan is about 30 dealers

within a 16 cities. The company uses Special Services Tools (SSTs) forthe diagnostic and computerized servicing to maintain the quality of

the products.

Toyota Policies:

The Toyota uses the policies of financial statements by the pleased ofthe management and Directors of the company are as follows.

The financial statement is prepared by the management of theCompany present fairly its state of affairs, the result of itsoperations, cash flows and changes in equity.

Proper books of accounts of the company have been maintained.

Appropriate accounting policies have been consistently applied inpreparation of the financial statements except for the changes ofthe financial statements and accounting estimates are based onreasonable and prudent judgment.

International Financial Reporting Standards, as applicable inPakistan, have been followed in preparation of the financial

statements.

The system of the internal control is sound in design and has beeneffectively implemented and monitored.

There are no significant doubts upon the companys ability tocontinue as a going concern.

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There has been no material departure from the best practices ofcorporate governance.

Compare the Components Of Balance Sheet:

Compare the Components of assets with previous years

By comparing from the previous year the companies non -assets like,

fixed assets was decreased by 592,140 thousands, long term

deposits was decreased by 100 thousands, loans and advances werereducing by 12,932 thousands. By comparing the current assets

there is a great increased in cash and bank balances 6,024,814thousands but this increased reduces the stores and spares, loan and

advances. The short-term prepayment was also increased like:

accrued return on bank deposits was improved by 6,310 thousands;their prepaid payments balance 1902 thousands. Now the totalassets of the company are 27,138,278 thousands.