Copy of Copy of PIA

8/8/2019 Copy of Copy of PIA

http://slidepdf.com/reader/full/copy-of-copy-of-pia 1/27

Pakistan International Airlines Corporation

Summurized Income Statements

For the year ended as on …..

2005 2006 2007 2008

Turnover net

passenger 55,019,895 60,901,468 62,002,315 79,817,592

cargo 4,914,588 5,741,014 4,849,735 5,458,688excess baggage 833,173 808,259 865,657 875,530

charter 664,064 388,272 163,806 183,806

engineering services 845,515 1,043,635 718,733 936,578

handling activities 635,034 634,143 712,686 686,755

mail 302,785 350,706 305,265 263,215

others 859,416 6,567,692 862,537 10,949,522

64,074,470 76,435,189 70,480,734 99,171,686

Cost of services

aircraft fuel 26,462,721 33,370,101 30,315,159 45,854,358

salaies,wages and allowances 5,352,545 5,839,712 6,921,590 7,992,134

welfare costs 46,229 78,848 68,723 112,469

retirement benefits 299,569 331,545 375,208 853,456compensated absences (8,030) 7,149 97,800 148,218

legal chares 9,105 10,378 7,879 6,850

stores and spares 2,409,663 2,196,152 2,188,619 1,547,138

maintenance 4,821,345 6,403,941 3,267,244 3,829,943

others 19,547,689 26,485,439 22,979,754 32,924,673

58,940,836 74,723,265 66,221,976 93,269,239

Gross profit 5,133,634 1,711,924 4,258,758 5,902,447

Distribution cost


welfare costs 155,829 167,512 177,831 177,376

retirement benefits 111,918 170,092 192,492 437,512

compensated absences (3,122) 2,264 30,022 45,500advertising expenses 1,309,953 1,738,570 1,595,112 2,101,761

legal chares 16,467 19,632 14,905 24,498

maintenance 41,299 51,586 73,566 87,046

insurance 13,543 12,279 8,782 12,958

printing and stationery 36,058 28,820 33,543 36,037

rent,rates, taxes 244,319 258,191 276,196 329,766

others 561,140 576,641 605,834 654,191

3,809,169 4,395,834 4,448,674 5,389,632

Adminstrative expenses


welfare costs 594,861 661,136 699,819 876,058

retirement benefits 206,832 335,223 379,371 551,162compensated absences (5,848) 2,502 33,178 50,282

advertising expenses 194,396 - - -

legal chares 203,226 382,174 289,658 224,532

maintenance 142,112 224,954 242,155 289,066

insurance 58,326 16,071 23,234 15,398

printing and stationery 41,745 66,027 77,250 62,598

rent,rates, taxes 264,154 315,545 371,650 371,346



others 1,169,713 1,388,281 1,506,409 1,640,072

4,325,576 4,910,728 5,256,700 5,862,577

Other provisions

provision for slow stores 218,501 100,000 334,519 1,453

provision for doubtful debts 166,353 47,310 402,211 19,330

provision for doubtful advances (4,271) 3,937 2,334 381

provision for construction (100,000) 200,000 - -exchange loss-net (110,070) 504,300 720,151 24,118,823

others (136,908) 43,443 28,678 1,500,015

33,605 898,990 1,487,893 25,640,002

Other operating income

income from financial assets 745,001 227,147 207,464 166,304

income from investment - 3,708 588,198 -

income from non-financial assets 496,668 567,885 203,771 591,659

1,241,669 798,740 999,433 757,963

Profit/loss from operations (1,725,837) (7,694,888) (5,935,076) (30,231,801)

Finance cost

markup on long term financing 312,918 979,838 1,168,250 2,310,556

profit on TFCs 1,284,118 1,357,869 1,378,177 1,540,209interest on liabilities 947,187 1,942,027 2,966,224 2,506,124

markup on murabaha 121,662 117,067 47,644 192,228

markup on short term borrowings 3,199 780,058 1,436,326 2,346,199

interest to pension 659 - - -

arrangement fund 80,163 56,341 97,717 88,249

bank charges 37,493 42,160 41,507 43,438

2,787,399 5,275,360 7,135,845 9,027,003

Profit/loss from associates

- (15,023) - (397)

Loss before taxation (4,513,236) (12,985,271) (13,070,921) (39,259,201)

Taxation 101,579 562,455 327,785 3,282,690

Profit/loss of the year (4,411,657) (12,422,816) (12,743,136) (35,976,511)

Pakistan International Airline Corporation

Income statement trend analysis

2005 2006 2007 2008

Turnover netpassenger 100% 111% 113% 145%

cargo 100% 117% 99% 111%

excess baggage 100% 97% 104% 105%

charter 100% 58% 25% 28%

engineering services 100% 123% 85% 111%

handling activities 100% 100% 112% 108%

mail 100% 116% 101% 87%



others 100% 764% 100% 1274%

100% 119% 110% 155%

Cost of services

aircraft fuel 100% 126% 115% 173%

salaies,wages and allowances 100% 109% 129% 149%

welfare costs 100% 171% 149% 243%

retirement benefits 100% 111% 125% 285%compensated absences 100% -89% -1218% -1846%

legal chares 100% 114% 87% 75%

stores and spares 100% 91% 91% 64%

maintenance 100% 133% 68% 79%

others 100% 135% 118% 168%

100% 127% 112% 158%

Gross profit 100% 33% 83% 115%

Distribution cost


welfare costs 100% 107% 114% 114%

retirement benefits 100% 152% 172% 391%

compensated absences 100% -73% -962% -1457%advertising expenses 100% 133% 122% 160%

legal chares 100% 119% 91% 149%

maintenance 100% 125% 178% 211%

insurance 100% 91% 65% 96%

printing and stationery 100% 80% 93% 100%

rent,rates, taxes 100% 106% 113% 135%

others 100% 103% 108% 117%

100% 115% 117% 141%



welfare costs 100% 111% 118% 147%

retirement benefits 100% 162% 183% 266%compensated absences 100% -43% -567% -860%

advertising expenses 100% 0% 0% 0%

legal chares 100% 188% 143% 110%

maintenance 100% 158% 170% 203%

insurance 100% 28% 40% 26%

printing and stationery 100% 158% 185% 150%

rent,rates, taxes 100% 119% 141% 141%

others 100% 119% 129% 140%

100% 114% 122% 136%

Other provisions

provision for slow stores 100% 46% 153% 1%

provision for doubtful debts 100% 28% 242% 12%provision for doubtful advances 100% -92% -55% -9%

provision for construction 100% -200% 0% 0%

exchange loss-net 100% -458% -654% -21912%

others 100% -32% -21% -1096%

100% 2675% 4428% 76298%


income from financial assets 100% 30% 28% 22%

income from investment 0% 100% 15863% 0%



income from non-financial assets 100% 114% 41% 119%

100% 64% 80% 61%

Profit/loss from operations 100% 446% 344% 1752%

Finance cost

markup on long term financing 100% 313% 373% 738%

profit on TFCs 100% 106% 107% 120%

interest on liabilities 100% 205% 313% 265%markup on murabaha 100% 96% 39% 158%

markup on short term borrowings 100% 24384% 44899% 73342%

interest to pension 100% 0% 0% 0%

arrangement fund 100% 70% 122% 110%

bank charges 100% 112% 111% 116%

100% 189% 256% 324%


0% 100% 0% 3%

Loss before taxation 0% 288% 290% 870%

Taxation 100% 554% 323% 3232%

Profit/loss of the year 100% 282% 289% 815%


Income Statement vertical analyis

2005 2006 2007 2008

Turnover net

passenger 85.87% 79.68% 87.97% 80.48%

cargo 7.67% 7.51% 6.88% 5.50%

excess baggage 1.30% 1.06% 1.23% 0.88%

charter 1.04% 0.51% 0.23% 0.19%engineering services 1.32% 1.37% 1.02% 0.94%

handling activities 0.99% 0.83% 1.01% 0.69%

mail 0.47% 0.46% 0.43% 0.27%

others 1.34% 8.59% 1.22% 11.04%

100.00% 100.00% 100.00% 100.00%

Cost of services

aircraft fuel 41.30% 43.66% 43.01% 46.24%

salaies,wages and allowances 8.35% 7.64% 9.82% 8.06%

welfare costs 0.07% 0.10% 0.10% 0.11%

retirement benefits 0.47% 0.43% 0.53% 0.86%

compensated absences -0.01% 0.01% 0.14% 0.15%

legal chares 0.01% 0.01% 0.01% 0.01%stores and spares 3.76% 2.87% 3.11% 1.56%

maintenance 7.52% 8.38% 4.64% 3.86%

others 30.51% 34.65% 32.60% 33.20%

Cost of services 91.99% 97.76% 93.96% 94.05%

Gross profit 8.01% 2.24% 6.04% 5.95%

Distribution cost




welfare costs 0.24% 0.22% 0.25% 0.18%


compensated absences 0.00% 0.00% 0.04% 0.05%

advertising expenses 2.04% 2.27% 2.26% 2.12%

legal chares 0.03% 0.03% 0.02% 0.02%

maintenance 0.06% 0.07% 0.10% 0.09%

insurance 0.02% 0.02% 0.01% 0.01%printing and stationery 0.06% 0.04% 0.05% 0.04%

rent,rates, taxes 0.38% 0.34% 0.39% 0.33%

others 0.88% 0.75% 0.86% 0.66%

5.94% 5.75% 6.31% 5.43%



welfare costs 0.93% 0.86% 0.99% 0.88%


compensated absences -0.01% 0.00% 0.05% 0.05%

advertising expenses 0.30% 0.00% 0.00% 0.00%

legal chares 0.32% 0.50% 0.41% 0.23%

maintenance 0.22% 0.29% 0.34% 0.29%insurance 0.09% 0.02% 0.03% 0.02%

printing and stationery 0.07% 0.09% 0.11% 0.06%

rent,rates, taxes 0.41% 0.41% 0.53% 0.37%

others 1.83% 1.82% 2.14% 1.65%

6.75% 6.42% 7.46% 5.91%

Other provisions

provision for slow stores 0.34% 0.13% 0.47% 0.00%

provision for doubtful debts 0.26% 0.06% 0.57% 0.02%

provision for doubtful advances -0.01% 0.01% 0.00% 0.00%

provision for construction -0.16% 0.26% 0.00% 0.00%

exchange loss-net -0.17% 0.66% 1.02% 24.32%

others -0.21% 0.06% 0.04% 1.51%0.05% 1.18% 2.11% 25.85%


income from financial assets 1.16% 0.30% 0.29% 0.17%

income from investment 0.00% 0.00% 0.83% 0.00%

income from non-financial assets 0.78% 0.74% 0.29% 0.60%

1.94% 1.04% 1.42% 0.76%

Profit/loss from operations -2.69% -10.07% -8.42% -30.48%

Finance cost

markup on long term financing 0.49% 1.28% 1.66% 2.33%

profit on TFCs 2.00% 1.78% 1.96% 1.55%

interest on liabilities 1.48% 2.54% 4.21% 2.53%

markup on murabaha 0.19% 0.15% 0.07% 0.19%markup on short term borrowings 0.00% 1.02% 2.04% 2.37%

interest to pension 0.00% 0.00% 0.00% 0.00%

arrangement fund 0.13% 0.07% 0.14% 0.09%

bank charges 0.06% 0.06% 0.06% 0.04%

4.35% 6.90% 10.12% 9.10%


0.00% -0.02% 0.00% 0.00%

Loss before taxation -7.04% -16.99% -18.55% -39.59%



Taxation 0.16% 0.74% 0.47% 3.31%

Profit/loss of the year -6.89% -16.25% -18.08% -36.28%


Profitabiity Ratios

2005 2006 2007 2008Gross profit ratio 8.01% 2.24% 6.04% 5.95%

Net profit ratio -6.89% -16.25% -18.08% -36.28%

Operating income ratio -2.69% -10.07% -8.42% -30.48%

Expense ratio 12.75% 12.22% 13.82% 11.38%

Operating cost ratio 104.74% 111.11% 109.84% 131.25%

Net profit to networth ratio -42.23% -206.10% 116.57% 215.44%

Return on capital -42.23% -512.10% 107.05% 79.61%

EPS (2.55) (6.80) (6.61) (17.79)


Liquidity Ratios

2005 2006 2007 2008Current ratio 0.60 0.49 0.25 0.26

Debt to equity ratio 1.50 5.30 -2.33 -1.04

Absolute liquid ratio 0.14 0.18 0.04 0.06

Net working capital -8480548.00 -21603141.00 -38798211.00 -54652917.00


Efficiency Ratios

2005 2006 2007 2008

Fixed asset turnover ratio 1.15 0.71 0.69 0.58

Networking capital turnover ratio -6.95 -3.46 -1.71 -1.71

Total asset turnover ratio 0.88 0.58 0.59 0.53

Proprietary ratio 0.14 0.05 -0.09 -0.09

Solvency ratio 0.86 0.95 1.09 1.09



2009

84,510,491

4,981,6661,045,167

988,928

900,795

580,857

352,339

9,890,115

103,250,358

31,371,753

12,558,142

145,743

2,162,010244,281

7,632

2,463,387

4,911,238

31,824,088

85,688,274

17,562,084

1,648,369

168,649

547,359

65,3452,249,398

27,218

98,744

16,671

48,015

332,712

921,749

6,124,229

1,994,046

1,198,344

634,72273,374

-

238,753

345,941

17,243

100,824

419,002



2,704,757

7,727,006

445,684

(112,740)

31,195

-6,711,336

249,949

7,325,424

34,770

-

525,549

560,319

(3,054,256)

1,924,530

2,003,8311,854,656

-

3,244,074

189,851

118,534

269,074

9,604,550

(433)

(12,659,239)

7,438,882

(5,220,357)

2009

154%

101%

125%

149%

107%

91%

116%



1151%

161%

119%

235%

315%

722%-3042%

84%

102%

102%

163%

145%

342%

125%

108%

489%

-2093%172%

165%

239%

123%

133%

136%

164%

161%

137%

201%

307%-1255%

0%

117%

243%

30%

242%

159%

231%

179%

204%

-68%-730%

0%

-6097%

-183%

21799%

5%

0%



106%

45%

177%

615%

156%

196%0%

101409%

28809%

148%

718%

345%

3%

280%

7323%

118%

2009

81.85%

4.82%

1.01%

0.96%0.87%

0.56%

0.34%

9.58%

100.00%

30.38%

12.16%

0.14%

2.09%

0.24%

0.01%2.39%

4.76%

30.82%

82.99%

17.01%

1.60%



0.16%

0.53%

0.06%

2.18%

0.03%

0.10%

0.02%0.05%

0.32%

0.89%

5.93%

1.93%

1.16%

0.61%

0.07%

0.00%

0.23%

0.34%0.02%

0.10%

0.41%

2.62%

7.48%

0.43%

-0.11%

0.03%

0.00%

6.50%

0.24%7.09%

0.03%

0.00%

0.51%

0.54%

-2.96%

0.00%

1.86%

1.94%

1.80%

0.00%3.14%

0.18%

0.11%

0.26%

9.30%

0.00%

-12.26%



7.20%

-5.06%

200917.01%

-5.06%

-2.96%

13.45%

103.50%

120.97%

11.22%

(2.72)

20090.31

-1.29

0.07

-48803411.00

2009

0.48

-1.76

0.50

-0.02

1.02




Summurized balance sheets

For the year ended as on …..

2005 2006 2007 2008

NON CURRENT ASSETS

fixed assets

property,plant & equipment 51,263,914 102,579,997 95,497,151 157,811,321intangibles 112,421 2,075,078 103,475 2,745,223

51,376,335 104,655,075 95,600,626 160,556,544

long term investments 323,705 156,224 4,540,229 140,185

receivable from centre hotel - 459,825 - 596,027

long term advances & other receivables 6,635,933 1,694,077 1,283,000 7,629

long term deposits & prepayments 1,804,977 3,406,397 4,098,388 5,173,580

60,140,950 110,371,598 105,522,243 166,473,965

CURRENT ASSETS

stores & spares 2,790,137 3,382,328 3,251,940 3,764,276

trade debts 5,222,534 6,521,586 5,012,778 6,190,561

advances 513,917 552,856 604,470 1,379,248

trade deposits & prepayments 581,175 1,476,145 1,023,312 1,688,239accrued interest 39,708 51,010 32,789 1,325

other receivables 481,449 1,100,676 1,043,971 1,623,644

short term investments 363,855 606,868 32,093 97,977

taxation-net 149,087 261,674 274,519 321,855

cash & bank balances 2,614,691 7,079,105 1,975,459 4,059,865

12,756,553 21,032,248 13,251,331 19,126,990

TOTAL ASSETS 72,897,503 131,403,846 118,773,574 185,600,955

EQUITY & LIABILITIES

SHARE CAPITAL & RESERVES

share capital 17,980,659 19,473,631 20,878,074 21,423,014

reserves 4,280,712 4,280,712 4,280,712 (67,359,472)

unrealized gain/(loss) on investment (15,107) 21,013 97,366 -

foregien exchange reserve - 1,847,591 - -

non-controlling interest - 520,692 - 743,935

accumulated loss (11,799,966) (23,717,778) (37,159,710) -

TOTAL EQUITY 10,446,298 2,425,861 (11,903,558) (45,192,523)

surplus on reevaluation of fixed assets - 3,601,840 972,040 28,493,164

10,446,298 6,027,701 (10,931,518) (16,699,359)

NON CURRENT LIABILITIES

long term financing 1,621,099 18,682,829 17,037,075 34,426,312

term finance certificates 14,003,940 13,246,970 10,723,738 12,430,143

liabilties subject to finance lease 21,706,064 42,503,444 46,524,024 65,088,789

long term murabaha finance 768,075 - - -

long term deposits 290,236 261,843 321,547 301,902

advance rent - - - 3,486

deffered liabilities 2,824,690 8,045,670 3,049,166 16,269,775

41,214,104 82,740,756 77,655,550 128,520,407

CURRENT LIABILITIES

trade & other payables 14,983,921 18,023,185 20,055,163 28,860,083

accrued interest 607,769 812,278 978,317 1,475,456

short term borrowing 362,075 15,543,446 18,105,884 30,500,062



tax payable - 89,299 - 23,534

current maturities of:

long term financing 1,621,103 2,714,555 5,662,451 5,649,136

term finance certificates 756,970 756,970 2,523,232 -

liabilties subject to finance lease 2,067,363 3,914,491 4,724,495 7,268,336

long term murabaha finance 837,900 781,165 - -

advance rent 0 0 0 330021237101 42635389 52049542 73779907

TOTAL EQUITY & LIABILITIES 72,897,503 131,403,846 118,773,574 185,600,955


balance sheet trend analysis

For the year ended as on …..2005 2006 2007 2008

NON CURRENT ASSETS

fixed assets

property,plant & equipment 100% 200% 186% 308%

intangibles 100% 1846% 92% 2442%

100% 204% 186% 313%

long term investments 100% 48% 1403% 43%

receivable from centre hotel

long term advances & other receivables 100% 26% 19% 0%

long term deposits & prepayments 100% 189% 227% 287%

NON CURRENT ASSETS 100% 184% 175% 277%

CURRENT ASSETSstores & spares 100% 121% 117% 135%

trade debts 100% 125% 96% 119%

advances 100% 108% 118% 268%

trade deposits & prepayments 100% 254% 176% 290%

accrued interest 100% 128% 83% 3%

other receivables 100% 229% 217% 337%

short term investments 100% 167% 9% 27%

taxation-net 100% 176% 184% 216%

cash & bank balances 100% 271% 76% 155%

CURRENT ASSETS 100% 165% 104% 150%

TOTAL ASSETS 100% 180% 163% 255%

EQUITY & LIABILITIESSHARE CAPITAL & RESERVES

share capital 100% 108% 116% 119%

reserves 100% 100% 100% -1574%

unrealized gain/(loss) on investment 100% -139% -645% 0%

foregien exchange reserve

non-controlling interest

accumulated loss 100% 201% 315% 0%



TOTAL EQUITY 100% 23% -114% -433%

surplus on reevaluation of fixed assets

100% 58% -105% -160%


long term financing 100% 1152% 1051% 2124%

term finance certificates 100% 95% 77% 89%

liabilties subject to finance lease 100% 196% 214% 300%long term murabaha finance 100% 0% 0% 0%

long term deposits 100% 90% 111% 104%

advance rent

deffered liabilities 100% 285% 108% 576%

NON CURRENT LIABILITIES 100% 201% 188% 312%

CURRENT LIABILITIES

trade & other payables 100% 120% 134% 193%

accrued interest 100% 134% 161% 243%

short term borrowing 100% 4293% 5001% 8424%

tax payable

current maturities of:

long term financing 100% 167% 349% 348%term finance certificates 100% 100% 333% 0%

liabilties subject to finance lease 100% 189% 229% 352%

long term murabaha finance 100% 93% 0% 0%

advance rent

CURRENT LIABILITIES 100% 201% 245% 347%

TOTAL EQUITY & LIABILITIES 100% 180% 163% 255%


balance sheet vertical analysisFor the year ended as on …..

2005 2006 2007 2008

NON CURRENT ASSETS

fixed assets

property,plant & equipment 70.32% 78.06% 80.40% 85.03%

intangibles 0.15% 1.58% 0.09% 1.48%

70.48% 79.64% 80.49% 86.51%

long term investments 0.44% 0.12% 3.82% 0.08%

receivable from centre hotel 0.00% 0.35% 0.00% 0.32%

long term advances & other receivables 9.10% 1.29% 1.08% 0.00%

long term deposits & prepayments 2.48% 2.59% 3.45% 2.79%

NON CURRENT ASSETS 82.50% 83.99% 88.84% 89.69%CURRENT ASSETS

stores & spares 3.83% 2.57% 2.74% 2.03%

trade debts 7.16% 4.96% 4.22% 3.34%

advances 0.70% 0.42% 0.51% 0.74%

trade deposits & prepayments 0.80% 1.12% 0.86% 0.91%

accrued interest 0.05% 0.04% 0.03% 0.00%

other receivables 0.66% 0.84% 0.88% 0.87%



short term investments 0.50% 0.46% 0.03% 0.05%

taxation-net 0.20% 0.20% 0.23% 0.17%

cash & bank balances 3.59% 5.39% 1.66% 2.19%

CURRENT ASSETS 17.50% 16.01% 11.16% 10.31%

TOTAL ASSETS 100.00% 100.00% 100.00% 100.00%

EQUITY & LIABILITIES

SHARE CAPITAL & RESERVESshare capital 24.67% 14.82% 17.58% 11.54%

reserves 5.87% 3.26% 3.60% -36.29%

unrealized gain/(loss) on investment -0.02% 0.02% 0.08% 0.00%

foregien exchange reserve 0.00% 1.41% 0.00% 0.00%

non-controlling interest 0.00% 0.40% 0.00% 0.40%

accumulated loss -16.19% -18.05% -31.29% 0.00%

TOTAL EQUITY 14.33% 1.85% -10.02% -24.35%

surplus on reevaluation of fixed assets 0.00% 2.74% 0.82% 15.35%

14.33% 4.59% -9.20% -9.00%


long term financing 2.22% 14.22% 14.34% 18.55%

term finance certificates 19.21% 10.08% 9.03% 6.70%liabilties subject to finance lease 29.78% 32.35% 39.17% 35.07%

long term murabaha finance 1.05% 0.00% 0.00% 0.00%

long term deposits 0.40% 0.20% 0.27% 0.16%

advance rent 0.00% 0.00% 0.00% 0.00%

deffered liabilities 3.87% 6.12% 2.57% 8.77%

56.54% 62.97% 65.38% 69.25%

CURRENT LIABILITIES

trade & other payables 20.55% 13.72% 16.89% 15.55%

accrued interest 0.83% 0.62% 0.82% 0.79%

short term borrowing 0.50% 11.83% 15.24% 16.43%

tax payable 0.00% 0.07% 0.00% 0.01%

current maturities of: 0.00% 0.00% 0.00% 0.00%long term financing 2.22% 2.07% 4.77% 3.04%

term finance certificates 1.04% 0.58% 2.12% 0.00%

liabilties subject to finance lease 2.84% 2.98% 3.98% 3.92%

long term murabaha finance 1.15% 0.59% 0.00% 0.00%

advance rent 0.00% 0.00% 0.00% 0.00%

29.13% 32.45% 43.82% 39.75%

TOTAL EQUITY & LIABILITIES 100.00% 100.00% 100.00% 100.00%



2009

175,531,5552,903,518

178,435,073

93,021

636,064

12,051

5,199,986

184,376,195

4,017,865

8,335,142

2,187,319

1,672,701-

1,003,640

144,060

70,628

4,691,221

22,122,576

206,498,771

23,280,356

(70,568,745)

-

-

760,764

-

(46,527,625)

42,212,154

(4,315,471)

40,300,378

19,592,320

61,321,895

-

365,979

-

18,307,683

139,888,255

30,418,267

1,845,592

23,982,160



874,887

5,655,812

5,120

8,140,663

-

348670925987

206,498,771

2009

342%

2583%

347%

29%

0%

288%

307%

144%

160%

426%

288%

0%

208%

40%

47%

179%

173%

283%

129%

-1649%

0%

0%



-445%

-41%

2486%

140%

283%0%

126%

648%

339%

203%

304%

6624%

349%1%

394%

0%

334%

283%

2009

85.00%

1.41%

86.41%

0.05%

0.31%

0.01%

2.52%

89.29%

1.95%

4.04%

1.06%

0.81%

0.00%

0.49%



0.07%

0.03%

2.27%

10.71%

100.00%

11.27%

-34.17%

0.00%

0.00%

0.37%

0.00%

-22.53%

20.44%

-2.09%

19.52%

9.49%29.70%

0.00%

0.18%

0.00%

8.87%

67.74%

14.73%

0.89%

11.61%

0.42%

0.00%2.74%

0.00%

3.94%

0.00%

0.00%

34.35%

100.00%



2005 2006 2007 2008 2009

0%

50%

100%

150%

200%

100%119% 110%

155% 161%

Turnover (net)

Year

%

age

2005 2006 2007 2008 20090%

100%

200%

300%

400%

100%

33%83%

115%

342%

Gross profit

Year

%

age

2005 2006 2007 2008 20090%

200%

400%

600%800%

1000%

100%

282% 289%

815%

118%

loss of the year

%

age



2005 2006 2007 2008 20090%

200%

400%

600%

800%

1000%

100%

180%163%

255%283%

Total Assets

TOTAL ASSETS

CURRENT ASSETS

NON CURRENTASSETS

Year

%

age

2005 2006 2007 2008 2009

0%

100%

200%

300%

400%

Total liabilities

NON CURRENT

LIABILITIES

CURRENT

LIABILITIES

year

% age

2005 2006 2007 2008 2009

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

Total assets

NON CURRENT

ASSETS

CURRENT

ASSETS

Year

% age

Total liabilties and equity80.00%

year

% a g e

TOTAL EQUITY



Total liabilties and equity

-20.00%

0.00%

20.00%

40.00%

.

2005 2006 2007 2008 2009

year

% a g e

NON CURRENT

LIABILITIES

CURRENT LIABILITIES

2005 2006 2007 2008 2009

-60.00%

-40.00%

-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%

Cost of servicesGross profit

Profit/loss of the year

Year

%

ag

e

2005 2006 2007 2008 2009

0.00

0.05

0.10

0.15

0.200.14

0.18

0.040.06

0.07

Absolute liquid ratio

Absolute liquid

ratio

Year

Times

2005 2006 2007 2008 2009

0.00

0.20

0.40

0.60

0.80

0.60

0.49

0.25 0.260.31

Current ratio

Current ratio

Times



Year

2005 2006 2007 2008 2009

-60000000.00

-50000000.00

-40000000.00

-30000000.00

-20000000.00

-10000000.000.00

Net working capital

Net working

capital

Year

rupeesin'000

'

2005 2006 2007 2008 2009

0.00

0.20

0.40

0.60

0.80

1.00 0.88

0.58 0.590.53 0.50

Total asset turnover ratio

Total asset

turnover ratio

Year

Times

2005 2006 2007 2008 2009

0.00

0.50

1.00

1.50

1.15

0.71 0.690.58

0.48

Fixed asset turnover ratio

Fixed asset

turnover ratio

Year

Times

-2.00

0.00

-

-1.71 -1.71 -1.76

Networking capital turnover ratio



2005 2006 2007 2008 2009

-8.00

-6.00

-4.00

-6.95

.

Networkingcapitalturnover ratio

Year

Times

2005 2006 2007 2008 2009-0.20

-0.10

0.00

0.10

0.20

Proprietary ratio

Proprietaryratio

Year

Times

2005 2006 2007 2008 2009

0.000.20

0.40

0.60

0.80

1.00

1.20

0.860.95

1.09 1.091.02

Solvency ratio

Solvency ratio

Year

Times

2005 2006 2007 2008 2009

0.00%

5.00%

10.00%

15.00%

20.00%

8.01%

2.24%

6.04% 5.95%

17.01%

Gross profit ratio

Gross profit

ratio

Year

%age



2005 2006 2007 2008 2009

-40.00%

-35.00%

-30.00%

-25.00%

-20.00%

-15.00%

-10.00%

-5.00%

0.00%

Net profit ratio

Year

%

age

2005 2006 2007 2008 2009

-35.00%

-30.00%

-25.00%

-20.00%

-15.00%

-10.00%

-5.00%

0.00%

Operating income ratio

Operating

income ratio

Year

%

age

2005 2006 2007 2008 2009

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%120.00%

140.00%

Operating cost ratio

Operating cost

ratio

Year

%

age

5.00%

10.00%

15.00%Expense ratio

Expense ratio

%

age



2005 2006 2007 2008 2009

.

Copy of Copy of PIA

Documents

Transcript of Copy of Copy of PIA