Horizontal Analysis of Pakistan State Oil

8/14/2019 Horizontal Analysis of Pakistan State Oil

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Balance Sheetas at June 30, 2007

2007

ASSETS

Non-Current AssetsProperty, plant and equipment 8,012,317

Intangibles 126,212Long term investments 2,990,591

Long term loans, advances and receivables 627,972

Long term deposits and prepayments 65,913

Deferred tax 401,037

Total Non-Current Assets 12,224,042

Current AssetsStores, spares and loose tools 127,891

Stock-in-trade 29,562,055

Trade debts 13,599,966

Loans and advances 365,974Deposits and short term prepayments 1,583,913

Other receivables 15,751,198

Cash and bank balances 1,522,276

Total Current Assets 62,513,273Net Assets in Bangladesh -

Total Assets 74,737,315

EQUITY AND LIABILITIESShare Capital 1,715,190

Reserves 19.224.027

Total Equity 20,939,217

Non-Current LiabilitiesLong term deposits 7,683,081

Retirement and other service benefits 1,644,063

Total Non-Current Liabilities 2,412,371Current Liabilities

Trade and other payables 41,431,075

Provisions 688,512

Accrued interest / mark-up 131,961

Short term borrowings 9,064,781

Taxes payable 69,398

Total Current Liabilities 51,385,727

Contingencies and CommitmentsTotal Liabilities & Equity 74,737,315


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2006 Horizontal Analysis(%)

7,518,956 0.066

154,819 (0.185)3,278,970 (0.088)

698,146 (0.101)

74,662 (0.117)

408,296 (0.018)

12,133,849 0.007

125,030 0.023

28,168,633 0.049

11,715,868 0.161

275,729 0.3271,287,893 0.230

14,562,628 0.082

1,898,894 (0.198)

58,034,675 0.077

70,168,524 0.065

1,715,190 -

19.097.86920,813,059 0.006

7,439,941 0.033

1,554,893 0.057

2,298,887 0.049

36,814,402 0.125

777,276 (0.114)

120,731 0.093

7,648,919 0.185

1,695,250 (0.959)

47,056,578 0.092

70,168,524 0.065


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Profit & Loss Accountfor the year ended June 30, 2007

Note

Less:-

Sales tax

Inland frieght equilization margin

Net sales

Cost of products sold 25

Gross profit

Other operating income 26

Operating costs

Transportation costs 27

Distribution and marketing expenses 28Administrative expenses 29

Depreciation and amortisation

Other operating expenses 30

Other income 31

Profit from operationsFinance costs 32

Share of profit of associates

Profit before taxation

Taxation 33Profit for the year

Earnings per share - basic and diluted 34

932,387 thousand (2006: Rs. 1,318,472 thousand) Less: - Sales

tax - Inland freight equalization margin


4/12

2007 2006 Horizontal Analysis

Rupees in Millions (%)

411,057,592 352,514,873 0.166

(52,418,310) (44,539,632) 0.177

(8,932,956) (9,725,202) (0.081)

(61,351,266) (54,264,834) 0.131

349,706,326 298,250,039 0.173

(337,446,896) (281,042,813) 0.201

12,259,430 17,207,226 (0.288)

1,278,932 950,850 0.345

(369,328) (365,795) 0.010

(2,766,064) (2,492,633) 0.110(981,937) (935,589) 0.050

(1,140,065) (1,082,394) 0.053

(755,420) (2,460,931) (0.693)

(6,012,814) (7,337,342) (0.181)

424,238 442,791 (0.042)

7,949,786 11,263,525 (0.294)

(1,158,112) (884,153) 0.310

6,791,674 10,379,372 (0.346)

330,306 1,038,939 (0.682)

7,121,980 11,418,311 (0.376)

(2,432,182) (3,893,610) (0.375)4,689,798 7,524,701 (0.377)

...................(Rupees)...............

27.34 43.87 (0.377)


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6/12

Horizontal Analysis

(%)

(0.069)

(0.164)

(0.097)

(0.239)

0.200

0.016

(0.081)

(0.094)

1.1091.493

0.083

(0.747)

(0.004)

0.983

0.854

0.701

-

0.5220.479

0.086

(0.043)

(0.002)

0.957

0.055

0.651

0.213

9.472

0.824

0.701


7/12

Profit and Loss Accountfor the year ended June 30, 2008

Note

Sales - net of trade discounts and allowances amounting to

Rs. 84,231 thousand (2007: Rs. 932,387 thousand)

Less:- Sales tax

- Inland freight equalization margin

Net sales


Gross profit


Operating costs


Distribution and marketing expenses 28

Administrative expenses 29Depreciation 3.1

Amortisation 4


Other income 31

Profit from operations

Finance costs 32


Profit before taxation

Taxation 33

Profit for the year



8/12

2008 2007 Horizontal Anlysis........ (Rupees in 000) ......... (%)

583,213,959 411057592 0.419

(74,249,472) (52,418,310) 0.416

(13,685,954) (8,932,956) 0.532

(87,935,426) (61,351,266) 0.433

495,278,533 349706326 0.416

(465,254,907)(337,446,896) 0.379

30,023,626 12259430 1.449

1,396,527 1278932 0.092

(337,886) (369,328) (0.085)

(3,264,599) (2,745,289) 0.189

(1,160,741) (1,002,712) 0.158(1,119,137) (1,098,157) 0.019

(47,689) (41,908) 0.138

(3,352,969) (755,420) 3.439

(9,283,021) (6,012,814) 0.544

313,860 424238 (0.260)

22,450,992 7949786 1.824(1,367,898) (1,158,112) 0.181

21,083,094 6791674 2.104

294,318 330306 (0.109)

21,377,412 7121980 2.002(7,323,617) (2,432,182) 2.011

14,053,795 4689798 1.997................. (Rupees) ..................

81.94 27.34 1.997


9/12

Profit and Loss Accountfor the year ended June 30, 2008

Note

Sales - net of trade discounts and allowances amounting to

Rs. 130,068 thousands (2008: Rs. 84,231 thousand)

Less:

- Sales tax

- Inland freight equalization margin

Net sales


Gross profit


Operating costs


Distribution and marketing expenses 28Administrative expenses 29

Depreciation 3.1

Amortisation 4


Other income 31

Profit from operationsFinance costs 32


Profit before taxation Taxation

Profit for the year



10/12

2009 2008 Horizontal Analysis.......... (Rupees in 000) ........... (%)

719,282,176 583,213,959 0.233

(97,386,723) (74,249,472) 0.312

(9,199,864) (13,685,954) (0.328)

(106,586,587) (87,935,426) 0.212

612,695,589 495,278,533 0.237(609,685,478) (465,254,907) 0.310

3,010,111 30,023,626 (0.900)1,451,666 1,396,527 0.039

(513,673) (337,886) 0.520

(3,960,953) (3,264,599) 0.213(1,151,793) (1,160,741) (0.008)

(1,141,698) (1,119,137) 0.020

(52,615) (47,689) 0.103

(3,994,389) (3,352,969) 0.191

(10,815,121) (9,283,021) 0.165

776,686 313,860 1.475

(5,576,658) 22,450,992 (1.248)(6,235,056) (1,367,898) 3.558

(11,808,714) 21,083,094 (1.560)

451,850 294,318 0.535

(11,356,864) 21,377,412 (1.531)4,658,329 (7,323,617) (1.636)

(6,698,535) 14,053,795 (1.477)..Rupees....

(39.05) 81.94 (1.477)


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Balance Sheetas at June 30, 2008

Note 2009....... (Rupees i

ASSETS

Non-Current AssetsProperty, plant and equipment 3 6,987,025

Intangibles 4 68,872

Long term investments 5 2,153,514

Long term loans, advances and receivables 6 405,780

Long term deposits and prepayments 7 83,655

Deferred tax 8 5,033,273

Toatal Non-Current Assets 14,732,119Current Assets

Stores, spare parts and loose tools 9 112,143

Stock-in-trade 10 40,698,209

Trade debts 11 80,509,830

Loans and advances 12 418,015

Deposits and short term prepayments 13 551,803

Other receivables 14 12,806,779

Taxation -net 709,627

Cash and bank balances 15 2,883,118

Toatal Current Assets 138,689,524

Net Assets in Bangladesh 16

Total Assets 153,421,643EQUITY AND LIABILITIES

Share Capital 17 1,715,190Reserves 18 19,155,595

Total Equity 20,870,785Non-Current Liabilities

Long term deposits 19 854,718

Retirement and other service benefits 20 1,673,020

Total Non-Current Liabilities 2,527,738Current Liabilities

Trade and other payables 21 110,123,702

Provisions 22 688,512

Accrued interest / mark-up 556,380

Short term borrowings 23 18,654,526

Taxes payable

Total Current Liabilities 130,023,120

Toatal Liabilities & Equity 153,421,643


12/12

2008 Horizontal Analysisn 000) .......... (%)

7,460,549 (0.063)

105,502 (0.347)

2,701,097 (0.203)

477,745 (0.151)

79,098 0.058

407,337 11.357

11,231,328 0.312

115,814 (0.032)

62,360,067 (0.347)

33,904,728 1.375

396,220 0.055

401,433 0.375

15,681,790 (0.183)

3,018,640 (0.045)

115,878,692 0.197

127,110,020 0.207

1,715,190 -29,249,864 (0.345)

30,965,054 (0.326)

834,598 0.024

1,574,148 0.063

2,408,746 0.049

81,067,565 0.36

726,116 (0.05)

217,928 1.55

10,997,908 0.70

726,703 (1.00)

93,736,220 0.39

127,110,020 0.21

Horizontal Analysis of Pakistan State Oil

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