FINACIAL ANALYSIS OF INDUS MOTORS
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Transcript of FINACIAL ANALYSIS OF INDUS MOTORS
ESPECIALY THANKS TO
MOST AND SENIOR TEACHER
OF FEDRAL URDU UNIVERSITY
SIR SHAFI AZAD..........
WARIS KHAN
FUUSAT KARACHI (ABDUL-HAQ-CAMPUS)
• OUR ACHIEVEMENT
HISTORY ALONG WITH VISION AND MISSION
RATIO ANALYSIS
TREND ANALYSI
HORIZONTAL ANALYSIS
VERTICAL ANALYSIS
CASH FLOW ANALYSIS (HORIZONTALLY)
CONTENTS OF ANALYSIS
INFORMATION FORINVESTORSMANEGMENT
FINANCIAL PERFORMANCE REVIEW FOR 5 YEARS
Vision:“To be the most respected and successful enterprise, delight customers witha wide range of products and solutions in the automobile industry with the best people and best technology.”The most respected.The most successful.Delighting customers.
MISSIONMission of Toyota is to provide safe & sound journey. Toyota is developing various new technologies from the perspective of energy saving and diversifying energy sources. Environment has been first and most important issue in priorities of Toyota and working toward creating a prosperous society and clean world.
Indus Motor Company Limited (IMC) incorporated in 1989 as a joint
venture company between the between the House of Habib (HOH), a
local conglomerate and Toyota Motor Corporation (TMC) and Toyota
Tsusho Corporation (TTC) of Japan. The company manufactures and
markets Toyota and Daihatsu brand automobiles for domestic
consumption. The main product offerings include several variants of
the flagship “Corolla” in the passenger cars category, “Hilux” in the
light commercial vehicles segment and “Fortuner” in Sport Utility
Vehicle (SUV) segment.
The manufacturing facility and offices are located at a 105 acre site in
Port Qasim, Karachi, while the product is delivered to end customers
nationwide through a strong network of 39 independent 3S
dealerships spread across the country. In its 24 years history since
inception, IMC has sold more than 500,000 CBU/CKD vehicles and has
demonstrated an impressive growth, in terms of volumetric increase
from a modes beginning of 20 vehicles per day production in 1993 to
220 units daily at present through the development of human talent
embracing the “Toyota Way” of quality and lean manufacturing. Over
the years, IMC has made large scale investments in enhancing its own
capacity and in meeting customer requirements for new products.
Today, Corolla is the largest selling automotive brand model in
Pakistan and it also has the distinction of being #1 in Toyota’s Asian
market.The company invests heavily in 2,000 plus workforce of team members
and management employees and creating a culture of high performing
empowered teams working seamlessly across processes in search of
quality and continuous improvement (kaizen). The core values of the
company encourage employees to pursue high standards of business
ethics and safety; communicate candidly by giving bad news first and
respect for people. The bi-annual TMC morale surveys show employees
giving a high positive score to the IMC work environment and level of
job satisfaction.The company has played a major role in the development of the entire
value chain of the local auto industry and is proud to have contributed
in poverty alleviation at the grass root level by nurturing localization
that in turn has directly created thousands of job opportunities and
transferred technology to 60 vendors supplying parts. IMC is also a
major tax payer and significant contributor towards GOP exchequer.
HISTORY
Core values of Toyota
Organizational structure
SAFETY POLICY
• INDUS MOTOR COMPANY LTD IS COMMITTED TO PROVIDE A SAFE WORKPLACE TO ALL OF ITS EMPLOYEES AND TO ENSURE, SO FAR AS IS REASONABLY PRACTICABLE, THE SAFETY OF ITS CONTRACTORS, SUPPLIERS, VENDORS AND ALL MEMBERS OF THE PUBLIC THAT MAY BE AFFECTED BY ITS BUSINESS OPERATIONS.
• THE COMPANY WILL STRIVE TO PREVENT ALL ACCIDENTS AND INJURIES THROUGH THE ACTIVE PARTICIPATION OF EVERY EMPLOYEE AS WELL AS THE COMMITMENT TO PUT IN CONTINUOUS EFFORTS TO IDENTIFY, ELIMINATE OR MANAGE SAFETY RISKS ASSOCIATED WITH ITS ACTIONS.
OUR PHILOSOPHY:• SAFETY IS EVERYONE’S RESPONSIBILITY,
• ALL ACCIDENTS ARE PREVENTABLE,
• ALL EMPLOYEES ARE EMPOWERED TO STOP ANY UNSAFE JOB OR ACT, AND
• NO TASK IS SO IMPORTANT THAT RISK OF INJURY TO PEOPLE IS JUSTIFIED
• “SAFETY WILL ALWAYS TAKE PRECEDENCE OVER
RATIO ANALYSIS
2013 2012 2011 2010 20092.9 2.3 1.8 1.6 1.6
Current RatioCurrent assets / Current liabilities
Series10%
10%20%30%40%50%60%70%80%90%
100%
2.9
0 0 0
2.3
0 0 0
1.8
0 0 0
1.6
0 0 0
1.6
0 0 0
current ratio
“Comments”Ratio analysis show the potential power to meet the operatingliabilities of the company, In,2009 its 1.6:1 which have 6% more assets than liabilities in 2010,11 12 and 13 increased year by year still 2.9:1,
Note……………company increased its strength to meet operating liabilities
2013 2012 2011 2010 20090.30 0.38 0.53 0.50
Debt ratioTotal liabilities / Total assets
Series10%
10%20%30%40%50%60%70%80%90%
100%
0.3
0 0 0
0.38
0 0 0
0
0 0 0
0.53
0 0 0
0.5
0 0 0
debt ratio
2013 2012 2011 2010 2009
“Comments”Debt ratio shows the contribution of in liabilities which may be get by shares /loans,
In 2009 debt have 0.5:1 showing 50% debt of the company,2010, 0.53:1
in2011,12 and 13 reduced of debt @ 0.3:1NOTE…………………….company controlled its operating liabilities and cost functions
which help to increased assets.
2013 2012 2011 2010 2009
14774917 13693056 10326412 9566387 8213318
Net working capitalCurrent assets - Current liabilities
Series10%
10%20%30%40%50%60%70%80%90%
100%net working capital
2013 2012 2011 2010 2009“COMMENTS”NET WORKING CAPITA SHOWS THE REVENUE GENREATED ASSTES WHICH CREATES THE GOOD OF THE COMPANY,IN 2009 IT WAS 8213318.. ITS INCRESDED YEAR BY YEAR STILL 2013, 14774917SHOWS BETTER MANAGEMENT ABOUT CONTROLLING OF LAIBLATIESS.
2013 2012 2011 2010 20095.26% 5.59 % 4.45% 5.73% 3.66%
Net profit Ratio100 × profit after tex / Net revenues
Series10%
10%20%30%40%50%60%70%80%90%
100%
5.26
0 0 0
5.59
0 0 0
4.45
0 0 0
5.73
0 0 0
3.66
0 0 0
net profi t ratio
2013 2012 2011 2010 2009“COMMENTS”NET PROFIT OF THE COMPANY SOWS THE FINANCIAL PERFORMANCE OF THE COMPANT ,WHICH IS IN 2009 @ 3.66 AND IN 2010 INCREASES @5.73 WHICH IS THE SYMBOLE OF GOOD PERFORMANCE BUT IN 2011 RATIO ANALYSIS SHOWS THE DECREASE @4.45 BUT IN 2012 WITH THE CONTROLL OF COST FACTORS ITS REACHED @5.59,BUT IN 2013 ITS REACHES @5.26
SUGESSTION…………. COMPANY SHOULD CONTROLL COST FACTORS AND PAY OUT OF DIVIDENDS AND SO LIKE THIS INCREMENT IN SALES VOLUME
GROSS PROFIT RATIO
2013 2012 2011 2010 2009 9.18 8.53 6.63 8.08 6.14
Series10%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
GROSS PROFIT RATIO
2013 2012 2011 2010 2009
Axis
Titl
e
“COMMENTS”
IN THE YEAR OF 2009 GROSS PROFIT RATIO SHOWS THE 6.14 BUT IN 2010 INCREASED IN @8.08AND FURTHER @6.63 LIKE THIS IN 2011 BUT IN 2012 [email protected] IN 2013 WITH THE CONTROOL OF COST OF GOODS SOLD.
EARNING PER SHER
Net income / shareholders’ equity
2013 2012 2011 2010 2009 42.72 54.74 34.90 43.80 17.62
Series10
50
100
150
200
250
42.72
0 0 0
54.74
0 0 0
34.9
0 0 0
43.8
0 0 0
17.62
0 0 0
Earning per share
2013 2012 2011 2010 2009
“COMMENTS “ PRICE EARNING RATIO SHOWS THE PRICE RATIO OF THE SOTOCK OF THE COMPANY WHICH IS
IN 2009 17.62 A LARGE INCREMENT IN 2011 IS @43.80SHOWS THE GREAT PERFORMANCE OF
THE COMPANY, BUT IN 2011 REACHED DOWN WARD @34.9 MAY BE POSSIBLE DUE TO HIGH COMPITION AND
HIGHLY COST FACTORS BUT IN 2012 REACHED 54.74 FURTHER IN2013DECREASED @42.72
SUGGESTION……………..FINANCE MINISTRY OF THE COMPANY SHOUL CONTROOL THEIR
EARNING RATIO TO MAINTAIN COMPANY,S STABILITY NAD GOOD WILL
Dividend pay out
Total dividend / net income
2013 2012 2011 2010 2009 58.52 58.46 42.97 34.24 56.75
Dividend Per Share
Dividend / no of share
2013 2012 2011 2010 2009 25 32 15 15 10
TREND ANALYSIS
2009 37,864,604.00
CHANGE IN TREND
NET SALES 2010
60,093,139.00 159%
2011 61,702,677.00 163%
2012 76,962,642.00 203%
2013 63,829,075.00 169%
TREND ANALYSIS OF NET SALE
2010 2011 2012 20130%
50%
100%
150%
200%
250%
159% 163%
203%
169%
NET SALE
COST OF GOODS SOLD 2009
35,540,418.00 CHANGE IN TREND
COST OF GOODS SOLD 2010
55,382,306.00 156%
2011
57,613,542.00 162%
2012
70,400,788.00 198%
2013
57,972,038.00 163%
2010 2011 2012 20130%
50%
100%
150%
200%
250%
156% 162%
198%163%
COST OF GOODS SOLD
TREND ANALYSIS OF COST OF GOODS SOLD
2009 2,324,186.00
CHANGE IN TREND
2010
4,710,833.00 203%
2011
4,089,135.00 176%
2012
6,561,854.00 282%
2013
5,857,037.00 252%
TREND ANALYSIS OF GROSS PROFIT
2010 2011 2012 20130%
50%
100%
150%
200%
250%
300%
203%176%
282%252%
GROSS PROFIT
1. BASE AMOUT OF (2009) 978,713.00 CHANGE IN TREND %
2010
1,266,177.00 129%
2011
1,508,443.00 154%
2012
1,964,354.00 201%
2013
1,894,398.00 194%
TREND ANALYSIS OF OPRATING EXPENSES
2010 2011 2012 20130%
50%
100%
150%
200%
250%
129%154%
201% 194%
OPRATING & OTHER EXP,S
(2009) BASE AMOUNT
2,046,013.00 CHANG IN TREND
2010
5,242,539.00 256%
2011
4,011,455.00 196%
2012
6,312,267.00 309%
2013
4,969,775.00 243%
TREND ANALYSIS OF OPRATING INCOME
2010 2011 2012 20130%
50%
100%
150%
200%
250%
300%
350%
256%
196%
309%
243%
OPRATING INCOME
TREND ANALYSIS OF NET INCOME 2009 1,385,102.00 CHANGE IN TREND
2010
3,443,403.00 249%
2011 1,385,102.00 100%
2012 4,302,715.00 311%
2013 3,357,545.00 242%
2010 2011 2012 20130%
50%
100%
150%
200%
250%
300%
350%
249%
100%
311%
242%
net income
HORIZONTAL ANALYSIS
BALANCE SHEET 2009 2010 Difference % 2011 Difference % Fixed Assets 3,934 3,324 -610 -15.5 4,226 902 27.1 Long-term loans and advance 29 16 -13 -44.8 12 -4 (25.0)Long-term deposits and prepayments 7 7 0 0.0 9 2 28.6 Differed taxation - - - - - - - Store and spares 128 112 -16 -12.5 190 78 69.6 Stock in trade 4,089 5,198 1,109 27.1 5,690 492 9.5 Trade debts 1,737 1,613 -124 -7.1 1,356 -257 (15.9)Loans and advances 895 840 -55 -6.1 926 86 10.2
Short-term prepayments and trade deposits 17 19 2 11.8 19 - - Accrued return on bank deposits 51 57 6 11.8 53 -4 (7.0)Other receivable 68 196 128 188.2 150 -46 (23.5)Investments - - - - 4,993 - 100.0 Taxation-payment less provision - - - - 399 - 264.5 Cash and bank balances 9,731 15,756 6,025 61.9 8,812 -6,944 (44.1)Total Assets 20,686 27,138 6,452 31.2 26,835 -5,695 (1.1)
Issued, Subscribed and paid-up capital 786 786 - - 786 - -Reserves 9,511 11,802 2,291 24.1 13,334 1,532 13.0 Shareholder's Equity 10,297 12,588 2,291 22.2 14,120 1,532 12.2 Deffered taxation 504 326 -178 -35.3 454 128 39.3 Trade,other payables and provisions 3,943 5,905 1,962 49.8 5,741 -164 (2.8)Advances from customers and dealers 5,927 8,075 2,148 36.2 6,520 -1,555 (19.3)Accrued mark-up 1 1 0 0.0 - - -Short term running finance - - - - - - -Taxation-provion less payment 15 243 228 1,520.0 - - -Total Equity and Liabilities 20,686 27,138 6,452 31.2 26,835 -303 (1.1)
HORIZENTAL ANALYSIS OF BALANCE SHEET
2011 2012 Difference % 2013 Difference %
4,226 3,473 -753 -17.8 2,742 -731 (21.0)
12 6 -6 -50.0 131 125 2,083.3 9 8 -1 -11.1 10 2 25.0 - - - - 35 - 121.80
190 178 -12 -6.3 154 -24 (13.5)5,690 7,530 1,840 32.3 7,883 353 4.7
1,356 1,460 104 7.7 1,383 -77 (5.3)926 945 19 2.1 1,558 613 64.9 19 21 2 10.5 11 -10 (47.6)
53 45 -8 -15.1 12 -33 (73.3)
150 448 298 198.7 162 -286 (63.8)4,993 2,691 -2,302 -46.1 6,698 4,007 148.9 399 - - -85 131 - 320.30
8,812 10,771 1,959 22.2 4,195 -6,576 (61.1)
26,835 27,576 741 2.8 25,105 -2,471 (9.0)
786 786 - - 786 - -
13,334 16,228 2,894 21.7 16,907 679 4.2 14,120 17,014 2,894 20.5 17,693 679 4.0
454 166 -288 -63.4 - - -120.8
5,741 6,512 771 13.4 6,014 -498 (7.6)
6,520 3,824 -2,696 -41.3 1,399 -2,425 (63.4)- - - - - - -- - - - - - -- 60 - 85.10 - - -320.3
26,835 27,576 741 2.8 25,106 -1,565 (9.0)
BALANCE SHEET
Fixed Assets
Long-term loans and advaance
Long-term deposits and prepayments
Deffered taxation
Store and spares
Stock in trade
Trade debts
Loans and advances
Short-term prepayments and trade deposits
Accrued return on bank deposits
Other receivable
Investments
Taxation-payment less provision
Cash and bank balances
Total Assest
Issued, Subscribed and paid-up capital
Reserves
Shareholder's Equity
Differed taxation
Trade,other payables and provisions
Advances from customers and dealers
Accrued mark-up
Short term running finance
Taxation-provion less payment
Total Equity and Liabilities
PROFIT AND LOSS ACCOUNT 2,009 2,010 Difference % 2,011 Difference % Net Sales 37,865 60,093 22,228 58.7 61,703 1,610 2.7 Cost of Sales 35,541 55,237 19,696 55.4 57,614 2,377 4.3
Gross Profit 2,324 4,856 2,532 109.0 4,089 (767) (15.8)
Distribution Cost 470 468 (2) (0.4) 690 222 47.4
Administrative Expense 352 382 30 8.5 463 81 21.2
Other Operating Expense 156 416 260 166.7 356 (60) (14.4)
Operating Income 727 1,796 1,069 147.0 1,508 (288) (16.0)
Operating profit before finance cost 2,073 5,386 3,313 159.8 4,088 (1,298) (24.1)
Finace Cost 27 144 117 433.3 77 (67) (46.5)
Profit before taxation 2,046 5,242 3,196 156.2 4,011 (1,231) (23.5)
Taxation 661 1,799 1,138 172.2 1,268 (531) (29.5)
Profit after taxation 1,385 3,443 2,058 148.6 2,743 (700) (20.3)
HORIZENTAL ANALYSIS OF INCOME STATEMENT
PROFIT AND LOSS ACCOUNT
Net Sales
Cost of Sales
Gross Profit
Distribution Cost
Administrative Expense
Other Operating Expense
Operating Income
Operating profit before finance cost
Finace Cost
Profit before taxation
Taxation
Profit after taxation
2,011 2,012 Difference % 2,013 Difference %
61,703 76,963 15,260 24.7 63,829 (13,134) (17.1)
57,614 70,401 12,787 22.2 57,972 (12,429) (17.7)
4,089 6,562 2,473 60.5 5,857 (705) (10.7)
690 820 130 18.8 814 (6) (0.7)
463 628 165 35.6 644 16 2.5
356 516 160 44.9 436 (80) (15.5)
1,508 1,776 268 17.8 1,038 (738) (41.6)
4,088 6,373 2,285 55.9 5,000 (1,373) (21.5)
77 61 (16) (20.8) 31 (30) (49.2)
4,011 6,312 2,301 57.4 4,970 (1,342) (21.3)
1,268 2,010 742 58.5 1,612 (398) (19.8)
2,743 4,303 1,560 56.9 3,358 (945) (22.0)
VERTICAL ANALYSIS
VERTICAL ANALYSIS OF TOYOTA COMPANYRS in Million
Balance sheet 2013 %age 2012 %age 2011 %age 2010 %age 2009 %age 2008 %ageFixed Assets 2742 10.9 3473 12.59428489 4226 15.74 3324 12.2 3934 19 40334 29.3long term loans 131 0.5 6 0.02175805 12 0 16 0.1 29 0.1 42 0.3long term deposits 10 0 8 0.029010734 9 0 7 0 7 0 7 0.1Deffered taxation 35 0.14 - - 0.7 - - -Stores &spares 154 0.6 178 27.3 190 21.2 112 0.4 128 0.6 232 1.7Stock in trade 7883 31.4 7530 5.3 5690 5.1 5198 19.2 4089 19.9 2638 19.2Trade debt 1383 5.5 1460 3.4 1356 3.5 1613 5.9 1737 8.4 1333 9.6loans&advances 1558 6.2 945 0.1 926 0.1 840 3.1 895 4.3 737 5.4short term prepayments 11 0 21 0.2 19 0.2 19 0.1 17 0.1 23 0.2Accrued return on bank 12 0 45 1.6 53 0.6 57 0.2 51 0.2 35 0.3
other recievables 162 0.6 448 9.8 150 18.6 196 0.7 68 0.7 74 0.5Investments 6698 26.7 2691 4993 1.6 - - 54 0.4
131 0.52 - 399 1.5 - - 210 1.5Cash balances 4195 16.7 10771 39.1 8812 32.8 15756 58.1 9731 58.1 4329 31.5Total Assets 25105 100 27576 100 26835 100 27138 100 20686 100 13748 100Issued capital 786 3.1 786 2.9 786 2.9 786 2.9 786 3.8 786 5.7
16907 67.3 16228 58.8 13334 49.7 11802 43.5 9511 46 4329 31.5Shareholder equity 17693 70.5 17014 61.7 14120 52.6 12588 46.4 10297 49.8 9436 68.6
Deffered taxation - - 166 0.6 454 1.7 326 1.2 504 2.4 532 3.9trade other payables 6014 24 6512 23.6 5741 21.4 5905 21.8 3943 19.1 2837 20.6Advance from customr 1399 5.6 3824 13.9 6520 24.3 8075 29.7 5927 28.6 943 6.9Accrued mark up 0 0 - - - - 1 0 1 0 - -short term finance - - - - - - - - - - - -
Taxation
Deposits
Reserves
VERTICAL ANALYSIS OF BALANCE SHEET
Fixed Asse
ts
long term
deposits
Stores &sp
ares
Trade debt
short
term prepaym
ents
Deposits
Investm
ents
Cash balance
s0
5000
10000
15000
20000
25000
30000
2013
TOTAL ASSET
Fixed Asse
ts
long term
loans
long term
deposits
Deffered taxa
tion
Stores &sp
ares
Stock in tr
ade
Trade debt
loans&adva
nces
short
term prepaym
ents
Accrued re
turn on bank
Deposits
other recie
vables
Investm
ents
Taxation
Cash balance
s
Total Asse
ts0
5000
10000
15000
20000
25000
30000
2011
Fixed Asse
ts
long term
loans
long term
deposits
Deffered taxa
tion
Stores &sp
ares
Stock in tr
ade
Trade debt
loans&adva
nces
short
term prepaym
ents
Accrued re
turn on bank
Deposits
other recie
vables
Investm
ents
Taxation
Cash balance
s
Total Asse
ts0
5000
10000
15000
20000
25000
30000
2012
Fixed Asse
ts
long term
deposits
Stores &sp
ares
Trade debt
short
term prepaym
ents
Deposits
Investm
ents
Cash balance
s0
5000
10000
15000
20000
25000
30000
2010
Fixed Asse
ts
long term
loans
long term
deposits
Deffered taxa
tion
Stores &sp
ares
Stock in tr
ade
Trade debt
loans&adva
nces
short
term prepaym
ents
Accrued re
turn on bank
Deposits
other recie
vables
Investm
ents
Taxation
Cash balance
s
Total Asse
ts0
5000
10000
15000
20000
25000
30000
35000
40000
45000
2009
Issued capital Reserves Shareholder equity0
2000
4000
6000
8000
10000
12000
14000
16000
2011
Issued capital Reserves Shareholder equity0
2000400060008000
100001200014000160001800020000
2013
Issued capital Reserves Shareholder equity0
2000
4000
6000
8000
10000
12000
14000
16000
18000
2012
TOTAL SHARE HOLDERS EQUITY
2013 %age 2012 %age 2011 %age 2010 %age 2009 %age 2008 %age63829 100 76963 100 61703 100 60093 100 37865 100 41424 100
Cost of sales 57972 90.8 70401 91.5 57614 93.4 55237 91.9 35541 93.9 37576 90.7Gross Profit 5857 9.2 6562 8.5 4089 6.6 4856 8.1 2324 6.1 3848 9.3Distribution costs 814 1.3 820 1.1 690 1.1 468 0.8 470 1.2 487 1.2Administrative expense 644 1 628 0.8 463 0.8 382 0.6 352 0.9 297 0.7other operating exp 436 0.7 516 0.7 356 0.6 416 0.7 150 0.4 306 0.7Operating income 1038 1.6 1776 2.3 1508 2.4 1796 3 727 1.9 787 1.9finance cost 5000 7.8 6373 8.3 4088 6.6 5386 9 2073 5.5 3545 8.6finance cost 31 0 61 0.1 77 0.1 144 0.2 27 0.1 3 0profit before tax 4970 7.8 6312 8.2 4011 6.5 5242 8.7 2046 5.4 3542 8.6
1612 2.5 2010 2.6 1268 2.1 1799 3 661 1.7 1251 3profit after tax 3358 5.3 4303 5.6 2743 4.4 3443 5.7 1385 3.7 2291 5.5
Net sale
Taxation
VERTICAL ANALYSIS OF INCOME SATATEMENT
04080
120
2013
Net sa
le
Cost o
f sales
Gross
Pro
fit
Distrib
ution
costs
Administ
rativ
e ex
pens
e
othe
r ope
ratin
g ex
p
Opera
ting
inco
me
oper
ating
profi
t bef
ore
finan
ce cos
t
finan
ce cos
t
profi
t bef
ore
tax
Taxa
tion
profi
t afte
r tax
0
40
80
120
2012
Net sa
le
Cost o
f sales
Gross
Pro
fit
Distrib
ution
costs
Administ
rativ
e ex
pens
e
othe
r ope
ratin
g ex
p
Opera
ting
inco
me
finan
ce cos
t
finan
ce cos
t
profi
t bef
ore
tax
Taxa
tion
profi
t afte
r tax
0
40
80
120
2009
04080
120
2010
CASH FLOW ANALYSIS
PARTICULAR 2010 2009 Index NoChange in
amount Horizantal
Changecash generated from operation 7,952,792.00 6,538,777.00 121.63 1,414,015.00 21.63 interest paid (774,151.00) (8,267.00) 9,364.35 (765,884.00) 9,264.35 workers profit participation fund paid (282,674.00) (105,538.00) 267.84 (177,136.00) 167.84 workers welfar fund paid (37,587.00) (50,069.00) 75.07 12,482.00 (24.93) interest received 1,605,244.00 612,950.00 261.89 992,294.00 161.89 income tax paid (1,749,120.00) (465,156.00) 376.03 (1,283,964.00) 276.03 movement in long term loans and advance 12,939.00 13,832.00 93.54 (893.00) (6.46) movement in long term deposits and prepayment 100.00 - 100.00 net cash generated from operatingactivities 7,424,279.00 6,536,529.00 113.58 887,750.00 13.58
CASH FLOWS FROM INVESTING ACTIVITIESfixed capital expenditure (270,252.00) (721,823.00) 37.44 451,571.00 (62.56) proceeds from disposal of fixed assets 19,864.00 42,806.00 46.40 (22,942.00) (53.60) investment in listed mutual fund units (1,490,000.00) - (1,490,000.00) proceeds from redemption of flisted mutual fund 1,515,186.00 55,922.00 2,709.46 1,459,264.00 2,609.46 parchase of market treasury bills - proceeds from redemption of market treasury bill - net cash (used in )/ generated from investment activities (225,202.00) (623,095.00) 36.14 397,893.00 (63.86)
- CASH FLOWS FROM FINANCING ACTIVITIESdividend paid (1,174,263.00) (510,853.00) 229.86 (663,410.00) 129.86 net cash used in financing activities (1,174,263.00) (510,853.00) 229.86 (663,410.00) 129.86 net(decrease) / increase in cash and cash equavilant 6,024,814.00 5,402,581.00 111.52 622,233.00 11.52 cash and cash equivalents at the begnning of the year 9,731,166.00 4,328,585.00 224.81 5,402,581.00 124.81 cash and cash equivalents at the end of the year 15,755,980.00 9,731,166.00 161.91 6,024,814.00 61.91
PARTICULAR 2011 2010 I ndexChange i n
Amount Hori zantal change
CASH FLOWS FROM OPERATING ACTIVITIEScash generated from operation 1, 806, 008. 00 7, 952, 792. 00 22. 71 (6, 146, 784. 00) (77. 29) interest paid (25, 443. 00) (774, 151. 00) 3. 29 748, 708. 00 (96. 71) workers profit participation fund paid (205, 836. 00) (282, 674. 00) 72. 82 76, 838. 00 (27. 18) workers welfar fund paid (110, 469. 00) (37, 587. 00) 293. 90 (72, 882. 00) 193. 90 interest received 1, 017, 491. 00 1, 605, 244. 00 63. 39 (587, 753. 00) (36. 61) income tax paid (1, 781, 441. 00) (1, 749, 120. 00) 101. 85 (32, 321. 00) 1. 85 movement in long term loans and advance 3, 621. 00 12, 939. 00 27. 99 (9, 318. 00) (72. 01) movement in long term deposits and prepayment 2, 100. 00 100. 00 2, 100. 00 2, 000. 00 2, 000. 00 net cash generated from operatingactivities 701, 831. 00 7, 424, 279. 00 9. 45 (6, 722, 448. 00) (90. 55)
CASH FLOWS FROM INVESTING ACTIVITIESfixed capital expenditure (1, 877, 040. 00) (270, 252. 00) 694. 55 (1, 606, 788. 00) 594. 55 proceeds from disposal of fixed assets 15, 548. 00 19, 864. 00 78. 27 (4, 316. 00) (21. 73) investment in listed mutual fund units (7, 059, 000. 00) (1, 490, 000. 00) 473. 76 (5, 569, 000. 00) 373. 76 proceeds from redemption of flisted mutual fund 4, 372, 743. 00 1, 515, 186. 00 288. 59 2, 857, 557. 00 188. 59 parchase of market treasury bills (7, 048, 403. 00) (7, 048, 403. 00) proceeds from redemption of market treasury bill 5, 124, 596. 00 5, 124, 596. 00 net cash (used in )/ generated from investment activities (6, 471, 556. 00) (225, 202. 00) 2, 873. 67 (6, 246, 354. 00) 2, 773. 67
CASH FLOWS FROM FINANCING ACTIVITIESdividend paid (1, 174, 056. 00) (1, 174, 263. 00) 99. 98 207. 00 (0. 02) net cash used in financing activities (1, 174, 056. 00) (1, 174, 263. 00) 99. 98 207. 00 (0. 02) net(decrease) / increase in cash and cash equavilant (6, 943, 781. 00) 6, 024, 814. 00 (115. 25) (12, 968, 595. 00) (215. 25) cash and cash equivalents at the begnning of the year 15, 755, 980. 00 9, 731, 166. 00 161. 91 6, 024, 814. 00 61. 91 cash and cash equivalents at the end of the year 8,812,199.00 15,755,980.00 55.93 (6,943,781.00) (44.07)
PARTICULAR 2012 2011 I ndex NOChange i n
AmountHori zantal
ChangeCASH FLOWS FROM OPERATING ACTIVITIEScash generated from operation 2, 220, 937. 00 1, 806, 008. 00 122. 97 414, 929. 00 22. 97 interest paid (22, 739. 00) (25, 443. 00) 89. 37 2, 704. 00 (10. 63) workers profit participation fund paid (349, 613. 00) (205, 836. 00) 169. 85 (143, 777. 00) 69. 85 workers welfar fund paid (80, 299. 00) (110, 469. 00) 72. 69 30, 170. 00 (27. 31) interest received 994, 665. 00 1, 017, 491. 00 97. 76 (22, 826. 00) (2. 24) income tax paid (1, 842, 377. 00) (1, 781, 441. 00) 103. 42 (60, 936. 00) 3. 42 movement in long term loans and advance 5, 934. 00 3, 621. 00 163. 88 2, 313. 00 63. 88 movement in long term deposits and prepayment 1, 400. 00 2, 100. 00 66. 67 (700. 00) (33. 33) net cash generated from operatingactivities 927, 978. 00 701, 831. 00 132. 22 226, 147. 00 32. 22
CASH FLOWS FROM INVESTING ACTIVITIESfixed capital expenditure (561, 128. 00) (1, 877, 040. 00) 29. 89 1, 315, 912. 00 (70. 11) proceeds from disposal of fixed assets 48, 994. 00 15, 548. 00 315. 11 33, 446. 00 215. 11 investment in listed mutual fund units (10, 786, 000. 00) (7, 059, 000. 00) 152. 80 (3, 727, 000. 00) 52. 80 proceeds from redemption of flisted mutual fund 14, 022, 243. 00 4, 372, 743. 00 320. 67 9, 649, 500. 00 220. 67 parchase of market treasury bills (10, 163, 583. 00) (7, 048, 403. 00) 144. 20 (3, 115, 180. 00) 44. 20 proceeds from redemption of market treasury bill 9, 880, 002. 00 5, 124, 596. 00 192. 80 4, 755, 406. 00 92. 80 net cash (used in )/ generated from investment activities 2, 440, 528. 00 (6, 471, 556. 00) (37. 71) 8, 912, 084. 00 (137. 71)
CASH FLOWS FROM FINANCING ACTIVITIESdividend paid (1, 409, 405. 00) (1, 174, 056. 00) 120. 05 (235, 349. 00) 20. 05 net cash used in financing activities 1, 409, 405. 00 (1, 174, 056. 00) (120. 05) 2, 583, 461. 00 (220. 05) net(decrease) / increase in cash and cash equavilant (1, 959, 101. 00) (6, 943, 781. 00) 28. 21 4, 984, 680. 00 (71. 79) cash and cash equivalents at the begnning of the year 8, 812, 199. 00 15, 755, 980. 00 55. 93 (6, 943, 781. 00) (44. 07) cash and cash equivalents at the end of the year 10,771,300.00 8,812,199.00 122.23 1,959,101.00 22.23
PARTICULAR 2013 2012 Index Change in
AmountHorizantal
Change
CASH FLOWS FROM OPERATING ACTIVITIEScash generated from operation 2, 253, 021. 00 2, 220, 937. 00 101. 44 32, 084. 00 1. 44 interest paid (324. 00) (22, 739. 00) 1. 42 22, 415. 00 (98. 58) workers profit participation fund paid (264, 000. 00) (349, 613. 00) 75. 51 85, 613. 00 (24. 49) workers welfar fund paid (132, 181. 00) (80, 299. 00) 164. 61 (51, 882. 00) 64. 61 interest received 419, 730. 00 994, 665. 00 42. 20 (574, 935. 00) (57. 80) income tax paid (2, 000, 421. 00) (1, 842, 377. 00) 108. 58 (158, 044. 00) 8. 58 movement in long term loans and advance (125, 322. 00) 5, 934. 00 (2, 111. 93) (131, 256. 00) (2, 211. 93) movement in long term deposits and prepayment (1, 845. 00) 1, 400. 00 (131. 79) (3, 245. 00) (231. 79) net cash generated from operatingactivities 148, 658. 00 927, 978. 00 16. 02 (779, 320. 00) (83. 98)
CASH FLOWS FROM INVESTING ACTIVITIESfixed capital expenditure (547, 055. 00) (561, 128. 00) 97. 49 14, 073. 00 (2. 51) proceeds from disposal of fixed assets 35, 408. 00 48, 994. 00 72. 27 (13, 586. 00) (27. 73) investment in listed mutual fund units (15, 191, 959. 00) (10, 786, 000. 00) 140. 85 (4, 405, 959. 00) 40. 85 proceeds from redemption of flisted mutual fund 11, 441, 973. 00 14, 022, 243. 00 81. 60 (2, 580, 270. 00) (18. 40) parchase of market treasury bills (7, 729, 660. 00) (10, 163, 583. 00) 76. 05 2, 433, 923. 00 (23. 95) proceeds from redemption of market treasury bill 7, 912, 508. 00 9, 880, 002. 00 80. 09 (1, 967, 494. 00) (19. 91) net cash (used in )/ generated from investment activities (4, 078, 785. 00) 2, 440, 528. 00 (167. 13) (6, 519, 313. 00) (267. 13)
CASH FLOWS FROM FINANCING ACTIVITIESdividend paid (2, 645, 871. 00) (1, 409, 405. 00) 187. 73 (1, 236, 466. 00) 87. 73 net cash used in financing activities (2, 645, 871. 00) 1, 409, 405. 00 (187. 73) (4, 055, 276. 00) (287. 73) net(decrease) / increase in cash and cash equavilant (6, 575, 998. 00) (1, 959, 101. 00) 335. 66 (4, 616, 897. 00) 235. 66 cash and cash equivalents at the begnning of the year 10, 771, 300. 00 8, 812, 199. 00 122. 23 1, 959, 101. 00 22. 23 cash and cash equivalents at the end of the year 4,195,302.00 10,771,300.00 38.95 (6,575,998.00) (61.05)
2013 2012 2011 2010
Series1 -83.9804391914464 32.2224296162466 -90.5468126938656 13.581367113953
-90
-70
-50
-30
-10
10
30
CASH FROM OPERATING ACTIVITIES
“COMMENTS “ (CFO)An accounting item indicating the money a company brings in from ongoing, regular business activities, such as manufacturing and selling goods or providing a service. Cash flow from operating activities does not include long-term capital or investment costs. It does include earnings before interest and taxes plus depreciation minus taxes.
OPRATING ACTIVITIES SHOWS THE CURRENT INTERNAL PERFORMANCE OF THE COMPANY REGARDING SALES AND PURCHASING OF GOODS AND SERVICES.IN THE YEAR OF 2010TREND SHOWS THE 13.581 %DECREASED IN NEXT YEAR @(-90.54)SHOWS THE PAYMENTS OF LAIBLATIES, IN 2012INCREASED @32.222 AND IN 2013(-83.98) NOTE…………COMPANY INVESTED ITS CASH INTO BUSINESS ACTIVITES
2013 2012 2011 2010
Series1 -267.127154451824 -137.711610623473 2773.66719656131 -63.8575177139923
-250
250
750
1250
1750
2250
2750
CASH FROM INVESTING ACTIVITIES
“COMMENTS”
Any cash flow changes that result from the purchase or sale of investment assets belong in the investing activities cash flows portion of the statement of cash flows.Whenever a company purchases or sells any form of investment, including large, long-term assets, the cash flows result in either a gain or loss in cash from the total cash and cash equivalents (although they could also breakeven). Some of the most common transactions that show up in this section are
Trend shows in 2010 (63.857) shows spending on investments the next year shows received dividend
277.3% further in the next year goes to (137.711) investment activities shows high expected growth of
the organization, further in 2013 shows the high trend (267.127)
2013 2012 2011 2010
Series1 -61.0511080370986 22.2316926796592 -44.0707655125229 61.9125601186949
-70
-50
-30
-10
10
30
50
70
FINANCING ACTIVITIES
FINANCING ACTIVITIES SHOWS THE PERFORMANCE OF SHARE HOLDER, S EQUITY AND LONG TERM LAIBLATIES.
DIVIDEND AND INTERST PAID IS THE FIANACING ACTIVITY BECAUSE THEY ARE COSTS OF OBTAING FINACIAL RESOURCE
TREND SHOWS IN THE YEAR OF 2010 @61.912% IN THE NEXT YEAR DECREASED @ (44.07)
FURTHER INCREASED IN 2012 ,22.231 % AND IN THE YEAR OF 2013 (61.05 %)
“COMMENTS”
INFORMATION FOR
INVESTORS
INVSTORS INFORMATION
2009 2010 2011 2012 2013
GROSS PROFIT RATIO 6.14 8.08 6.63 8.53 9.18
NET PROFIT RATIO 3.66 5.73 4.45 5.59 5.26
EARNING PER SHARE 17.62 43.81 34.9 54.74 42.72
INVENTORY TURN OVER 11 12 11 11 8
DEBT COLLECTION PERIOD 14 10 9 7 8
AVG FIX ASSETS 9.5 16.56 16.34 19.99 20.54
MARKET PRICE PER SHARE
PRICE EARNING RATIO 6.11 5.99 6.3 4.48 7.28
DEVIDEND PER SHARE 10 15 15 32 25
DEVIDEND PAY OUT 56.75 34.24 42.98 58.46 58.52
RETURN ON EQUITY 13.45 27.36 19.43 25.29 18.98
DEBT TO EQUITY 0:01 0:01 0:01 0:01 0:01
CURRENT RATIO 1.67:1 1.67:1 1.84:1 2.32:1 2.99:1
INFORMATION FOR
MANEGMENT
Financial indicators and performance
income statement 2013 2012 2011 2010 2009
net revenue 63829075 76962642 61702677 60093139 37864604gross profit 5857037 6561854 4089135 4856514 2324186profit before taxation 4969775 6312267 4011456 5242539 2046013Profit after taxation 3357545 4302715 2743384 3443403 1385102dividends 1965000 2515200 1179000 1179000 786000
BALANCE SHEET 2013 2012 2011 2010 2009
SHARE CAPITAL 786000 786000 786000 786000 786000RESERVES 16906708 16227858 13333648 11801615 9510973FIXED ASETS 2742140 3472906 4225710 3324333 3934473NET CURRENT ASSETS 14774917 13693056 10326779 9566387 6830469
1 2 3 4 50
10000000
20000000
30000000
40000000
50000000
60000000
70000000
80000000
90000000
63829075
76962642
61702677 60093139
37864604
NET REVENUES
“COMMENTS”PERFORMANCE OF THE COMPANY SHOWS THE NET REVENUE WHICH IS FULLY MAIN POINT OF ALL OTHER OPRATING ACTIVITIES IN 2009 REVENUES OF TOYOTA IS 3786404 INCREASED IN 2010 @ 60093139 LIKE WISE A LITTLE INCREASED NEXT YEAR BUT IN 2012 A GREAT CHANGE IN THE REVENUE @ 76962642 BUT FURTHER DECREASED IN 2013 @ 63829075
SUGESSTION……………………COMPANY,S MANAGEMENT TEAM SHOULD CONTROLL THEIR COST ELEMENTS LIKE COST OF GOODS SOLD ,ADMIN AND OPRATING EXPENSE.
1 2 3 4 50
500000
1000000
1500000
2000000
2500000
3000000
3500000
4000000
4500000
2742140
3472906
4225710
3324333
3934473
FIX ASSETS
Series1
“COMMENTSFIX ASSETS OF THE COMPANY HELP TO MAINTAIN THE STABILITY AND FUNCTIONS OF REVENUES WHICH ARE VITAL TO ANY COMPANY.IN THIS REPORT ASSETS SHOWS IN 2009 @3934473 WHICH DECREASED IN 2010 @332433 WHICH INDICATES THE LOSE PERFORMANCE AND LESS INTREST OF OWNERS AN INVESTERS, BUT FURTHER IN NEXT YEAR INCREASED @4225710 , AFTER THAT DECREASED IN@3472906 AND IN 2013 @2742140 SHOWS
SUGESSTION…………………FIX ASSETS SHOULD BE INCREASED TO MAINTAIN ITS GOOD WILL AND CAPICITY OF OPRATING SYSTEM
1 2 3 4 50
1000000
2000000
3000000
4000000
5000000
6000000
7000000
4969775
6312267
4011456
5242539
2046013
profir before taxation
“COMMENTS “PROFIT BEFORE TAXATION IN 2009 IS 2046013 WHICH IS INCREAESD IN 2010 A LARGE CHANGE IN PROFIT INCREASED @5242539 SHOWS THE GRREAT PERFORMANCE OF THE COMPAMY BUT IN 2011 A LITTLE DECRESED @4011456 FURTHER IN 2012 GREAT CHANGE INCREASED @6312267 SHOWS CONTROLL OF COST ELEMENTS . FURTHER IN 2013 DUE TO THE GREAT COMPITION COMPANY,S PROFIT DECRESED .
SUGESSTION………………… COMPANY TEAM SHOULD INCRESED OF ITS SALE AND CONTROLL OF COST AND OTHER OPRATING EXPENSE
1 2 3 4 50
500000100000015000002000000250000030000003500000400000045000005000000
3357545
4302715
2743384
3443403
1385102
profit after taxation
“COMMENTS “
GROSS PROFIT OF THE COMPANY SHOWS THE GROSS PERFORMANCE OF THE COMPANY, IN THIS CHART GROSS PROFIT SHOWS IN 2009 IS2324186 BUT IN 2010 A GREAT INCREMENT IN 2010@4856514 WHICH INDICATE THE GROWTH OF THE COMPANY IN 2011 A LITTLE CHANGE IN GROSS PROFIT DECREASED DUE TO COST OF OPRATING SYSTEMS BUT FURTHER MANAGENT TEAM CONTROLLED ITS COST OF GOODS SOLD AND GOT A LARGE INCREMENT IN GROSS PROFIT @6561854 AND A GREAT SECCCESS TO AVAIL ORGNIZATIONAL OBJECTIVES.
1 2 3 4 50
200000
400000
600000
800000
1000000786000 786000 786000 786000 786000
share capital
“COMMENTS”SHARE CAPITAL SHOWS THE PUBLIC OWNERSHIP IN THE ORGNIZATION TOYOTA MAINTAIN ITS SHARE VERY CARE FULLY WHICH IS 786000 IND SAME IN STILL 2013 WHICH PROVED THE COMPANY HAVE NO INCREMENT IN PUBLIC OWNERSHIP.
NOTE……….WHICH IS VITAL FOR INVESTORS,WHOLE PROFIT WOULD BE DISTRIBUTED AMONG LIMITED SHARE HOLDERS.
1 2 3 4 50
2000000
4000000
6000000
8000000
10000000
12000000
14000000
16000000 1477491713693056
103267799566387
6830469
NET ASSETS
“COMMENTS”NET ASSETS OF THE COMPANY CREATE THE SITUATION TO FACE CREDIT AND LAIBLATIES OF THE COMPANY IN 2009 WHICH ARE 6830469 NAD INCREMENT IN 2010@9566387 WHICH IS VITAL FOR THE ORGNAZATIONAL OPRATING ACTIVITIES LIKE THIS REGULARLY INCREMENT OF NET CREDIT ASSTES @ 14774917
NOTE……….. IN DECREASES IN NET ASSETS HAVE BEEN SEEN WHICH IS INDICATION TO GOOD PERFORMANCE OF TOYOTA
1 2 3 4 50
2000000
4000000
6000000
8000000
10000000
12000000
14000000
16000000
18000000 16906708 16227858
1333364811801615
9510973
RESERVES
Series1
“COMMENTS”RESERVES OF THE THE ACCOUNTING SYSTEM HELP TO INCRESED IN INVESTMENT WITH THE HELP OF ORGNAZATIONAL DEVIDEND, IT’S A POLICY ACCOUNT TO INCRESED ORGNIZATIONAL SIZE AND INVEST MENT ,IN THIS CHART RESERVES OF THE COMPANY INCRESED REGULARLY FROM 9510973 TO 16906708
NOTE………….COMPANY HAVE BEEN MAINTAINED A GOOD RESERVES TO INCRESED ORGNIZATIONAL ACTIVITIES.
FINANCIAL PERFORMANCE ANALYSIS
Financial performance analysis is the process of identifying the financial strengths and weaknesses of the firm by properly establishing the relationship between the items of balance sheet and profit and loss account. It also helps in short-term and long term forecasting and growth can be identified with the help of financial performance analysis. The dictionary meaning of ‘analysis’ is to resolve or separate a thing in to its element or components parts for tracing their relation to the things as whole and to each other. The analysis of financial statement is a process of evaluating the relationship between the component parts of financial statement to obtain a better understanding of the firm’s position and performace.This analysis can be undertaken by management of the firm or by parties outside the namely, owners,creditors,investors.
FINANCIAL PERFORMENCE
FOR THE YEAR 2013 2012 2011 2010 2009 UNITS SOLD 38517 55060 50943 52063 35276NET REVENUES (BILLIONS)
63.8 77 61.7 60.1 39.9
PROFIT BEFORE TAXATION 5 6.3 4 5.2 2NET INCOME 3.4 4.3 2.7 3.4 1.4RETURN ON EQUITY 19 25.3 19.4 27.4 13.5
PER SHARE DATA (RS)
EPS 42.7 54.7 34.9 43.8 17.6CASH DEVIDEND 25 32 15 15 10SHARE HOLDERS EQUITY (BILLIONS)
225.3 216.5 179.6 160.3 131
AT THE ENDING YEAR TOTAL ASSETS 25.1 27.6 26.8 27.1 20.7SHARE HOLDER,S EQUITY 17.7 17 14.1 12.6 10.3
SHARE PERFORMANCE PRICE PER SHARE 311 245.1 220 262.4 107.7MARKET CAPITILIZATION (RS IN BILLIONS)
24.4 19.3 17.3 20.6 8.5
2013 2012 2011 2010 2009
38517
5506050943 52063
35276
0 0 0 0 00 0 0 0 0
UNITS SOLD
2013 2012 2011 2010 2009
5
6.3
4
5.2
2
PROFIT BEFORE TAXATION
2013 2012 2011 2010 2009
19
25.3
19.4
27.4
13.5
RETURN ON EQUITY
2013 2012 2011 2010 2009
3.4
4.3
2.73.4
1.4
Net Income
2013 2012 2011 2010 2009
42.7
54.7
34.9
43.8
17.6
EPSRS
2013 2012 2011 2010 2009
25
32
15 15
10
CASH DIVIDENDRS
2013 2012 2011 2010 2009
225.5 216.5
179.6160.3
131
SHARE HOLDER EQUITY
2013 2012 2011 2010 2009
25.127.6 26.8 27.1
20.7
TOTAL ASSETS
2013 2012 2011 2010 2009
311
245.1220
262.4
107.7
PRICE PER SHARE
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