IQRA USMAN

BSBA (5-A)
ROLL # 04151613078
FINANCE PROJECT :
SUBMITTED TO: SIR ABDUL RAZAQ
F AUJI CEMENT COMPANY LIMITED
Income Statement (Consolidated)
PAKISTAN
YEAR'S
Turnover net
Less:Cost of sales
Gross profit

Distribution cost
Administrative expense
Other operating expense
finance cost
Other income
insurance claim
PROFIT BEFORE TAXATION
Income tax expennse
Profit of the year
Earnings per share - basic and diluted (Rupees)
PROFIT FOR THE YEAR
Other comprehensive income of the year
Total comprehensive icome of the year

MEGHNA CEMENT MILL

IN COME Statement (Consolidated)
BANGLADESH
YEARS
Revenue, net
Cost of sales
Gross profit
Other operating icome
selling and distribution over-head
Adminstrative overhead
Operating profit
finance cost / expence
finance income
profit before WPPF and income tax
contribution to wppf
profit before income tax
s income tax expense
current tax expenses
Deferred tax income/expense
Profit after tax
other comprehensive income
revolution surplus of property,plant and equipment
income tax on other comprehensive income
total other comprehensive income
total comprehensive income
Earning per share (Basic)
RS (000) 2018 RS (000) 2017 RS (000) 2016
21,160,878 20,423,356 20,044,438
(16,046,291) (15,985,679) (10,879,156)

5,114,587 4,437,677 9,165,282

(275,933) (166,361) (208,777)
(385,602) (339,766) (312,108)
(311,184) (291,095) (578,543)
(147,813) (152,960) (503,346)
104,094 136,884 268,798
- 305,842 -
4,098,149 3,930,221 7,831,306
(668,685) (1,317,010) (2,464,106)
3,429,464 2,613,211 5,367,200
2 2 4
3,429,464 2,613,211 5,367,200
- - -
3,429,464 2,613,211 5,367,200

2017 - 2018 2016 - 2017 2015 - 2016

5,533,351,168 4,980,924,092 7,488,063,838
-4,964,425,757 -4,433,269,674 -6,634,416,908
568,925,411 547,654,418 853,646,930
132,969,651 121,586,418 109,331,006
-159,789,574 -145,397,888 -208,585,879
-190,567,152 -172,519,015 -224,922,462
351,538,336 351,323,933 529,469,595
-265,623,098 -263,362,671 -395,935,878
28,118,336 3,643,184 9,752,566
114,033,574 91,604,446 143,286,283
-5,430,170 -4,362,116 -6,823,156
108,603,404 87,242,330 136,463,127
-27,150,851 -21,810,582 -34,115,782
-36,662,889 -46,634,973 -
 9,512,038 24,824,391 -
81,452,553 65,431,748 102,347,345

- - -
- - -
- - -
81452553 65431747 102347345
3.62 2.91 4.55
 HORIZONTAL ANALYSIS '(% changes in ye
RS (000) 2015 RS (000) 2018
18,642,358 4%
(11,615,261) 0%

7,027,097 15%
(141,081) 66%
(271,629) 13%
(419,918) 7%
(706,027) -3%
191,368 -24%
- -
5,679,810 4%
(1,563,726) -49%
4,116,084 31%
3 32%
4,116,165 31%
- -
4,116,165 31%

HORIZONTAL ANALYSIS (% change in yea

2017 - 2018
11%
12%
4%
9%
10%
10%
0%
1%
672%
24%
24%
24%
24%
-21%
-62%
24%

-
-
-
24.5%
24.4%
NTAL ANALYSIS '(% changes in years) VERTICAL A
RS (000) 2017 RS (000) 2016 RS (000) 2018
2% 8% 100.00%
47% -6% -75.83%

-52% 30% 24.17%

-20% 48% -1.30%
9% 15% -1.82%
-50% 38% -1.47%
-70% -29% -0.70%
-49% 40% 0.49%
- - -
-50% 38% 19.37%
-47% 58% -3.16%
-51% 30% 16.21%
-52% 35% 0.00%
-51% 30% 16.21%
- - -
-51% 30% 16.21%

NTAL ANALYSIS (% change in year)

2016 - 2017 2017 - 2018
-33% 100.00%
-33% -89.72%
-36% 10.28%
11% 2.40%
-30% -2.89%
-23% -3.44%
-34% 6.35%
-33% -4.80%
-63% 0.51%
-36% 2.06%
-36% -0.10%
-36% 1.96%
-36% -0.49%
- -0.66%
 - 0.17%
-36% 1.47%

- -
- -
- -
-36.1% 1.47%
-36.0% 0.00%
 VERTICAL ANALYSIS
RS (000) 2017 RS (000) 2016 RS (000) 2015
100.00% 100.00% 100.00%
-78.27% -54.28% -62.31%

21.73% 45.72% 37.69%

-0.81% -1.04% -0.76%
-1.66% -1.56% -1.46%
-1.43% -2.89% -2.25%
-0.75% -2.51% -3.79%
0.67% 1.34% 1.03%
1.50% - -
19.24% 39.07% 30.47%
-6.45% -12.29% -8.39%
12.80% 26.78% 22.08%
0.00% 0.00% 0.00%
12.80% 26.78% 22.08%
- - -
12.80% 26.78% 22.08%

VERTICAL ANALYSIS
2016 - 2017 2015 - 2016
100.00% 100.00%
-89.00% -88.60%
11.00% 11.40%
2.44% 1.46%
-2.92% -2.79%
-3.46% -3.00%
7.05% 7.07%
-5.29% -5.29%
0.07% 0.13%
1.84% 1.91%
-0.09% -0.09%
1.75% 1.82%
-0.44% -0.46%
-0.94% -
0.50% -
1.31% 1.37%

- -
- -
- -
1.31% 1.37%
0.00% 0.00%
 INDEX ANALYSIS
RS (000) 2018 RS (000) 2017
113.51% 109.55%
138.15% 137.63%

72.78% 63.15%
195.58% 117.92%
141.96% 125.08%
74.11% 69.32%
20.94% 21.66%
54.39% 71.53%
- -
72.15% 69.20%
42.76% 84.22%
83.32% 63.49%
85.57% 64.95%
83.32% 63.49%
- -
83.32% 63.49%

INDEX ANALYSIS
2017 - 2018 2016 - 2017
73.90% 66.52%
74.83% 66.82%
66.65% 64.15%
121.62% 111.21%
76.61% 69.71%
84.73% 76.70%
66.39% 66.35%
67.09% 66.52%
288.32% 37.36%
79.58% 63.93%
79.58% 63.93%
79.58% 63.93%
79.58% 63.93%
- -
 - -
79.58% 63.93%

- -
- -
- -
79.58% 63.93%
79.56% 63.96%
(2015 base year)
RS (000) 2016 RS (000) 2015
107.52% 100.00%
93.66% 100.00%

130.43% 100.00%
147.98% 100.00%
114.90% 100.00%
137.78% 100.00%
71.29% 100.00%
140.46% 100.00%
- -
137.88% 100.00%
157.58% 100.00%
130.40% 100.00%
135.40% 100.00%
130.39% 100.00%
- -
130.39% 100.00%

(2015 base year)

2015 - 2016
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
-
 -
100.00%

-
-
-
100.00%
100.00%
F AUJI CEMENT COMPANY LIMITED
BALANCE SHEET
PAKISTAN

YEAR'S RS (000) 2018

Non current liabilities
long terrm borrowing / financing 636,868
provision for compensated absence 64,178
deffered taxation 3,600,638
TOTAL NON CURRENT LIABILITES 4,301,684
CURRENT LIABILITES .
Trade and other payables 1,024,758
accrued liabilites 573,347
security deposits 176,339
Advances from customers 245,133
provision from compensated absence current portion 17,107
payables to employees provident fund trust 9,534
unclaimed dividend 111,561
markrup accrued 35,980
short term running finance / borrowing 1,638,886
current portion of long term borrowing 426,177
provision for taxation -
TOTAL CURRENT LIABILITIES 4,258,822
TOTAL LIABILITES 8,560,506
.
NON CURRENT ASSETS
property ,plant and equipment 22,624,413
long term depsits and prepayments 84,601
long term advances -
total non current assets 22,709,014
CURRENT ASSETS
Stores,spares anfd losse tool 3,067,684
stock in trade 1,244,805
trade debt 1,168,343
advances 37,927
trade deposits , short term prepayments and balances with
statutory authority 66,669
interset accrued 1,031
advance tax - net 115,550
other recivables 104,664
cash and bank balances 531,759
short term investments -
total current assets 6,338,432
TOTAL ASSETS 29,047,446
 MEGHNA CEMENT MILL
BALANCE SHEET
BANGLADESH
YEAR'S 2017 - 2018
ASSETS
NON CURRENT ASSETS ###
property , plant and equipment 957,032,725
capital work in progress 775,539,146

CURRENT ASSETS ###

inventories 741,532,520
trade and other reciveables ###
Advance, deposits and prepayments ###
advance income tax 895,793,743
cash and cash equivalents 881,210,972
TOTAL ASSETS ###

EQUITY AND LIABILITIES

share holder equity 862,433,367
share capital 225,004,000
general reserves 166,000,000
revaluation reserves 31,602,353
retained earning 439,827,014

NON CURRENT LIABILITIES ###

Long term borrowings ###
gratituity payables 106,495,860
deffered tax liabiites 100,182,507

CURRENT LIABILITES ###

Short term borrowing ###
long term borrowing - current portion 25,156,964
payables for other expenses 214,270,225
income tax provision 191,770,250
trade payables 742,096,124
payables for other finance 123,091,026
provision for wppf 5,430,171
advance received against sales 147,757,587

. TOATAL EQUITY AND LIABILITITES ###

RATIOS PAKISTANI COMPNAY

2018 (%)
GROSS PROFIT MARGIN 24.17%
OPERATING PROFIT MARGIN 20.01%
PRE TAX MARGIN 19.37%
AFTER TAX MARGIN 16.21%

PERFORMANCE

RETURN ON TOTAL ASSET 11.81%

TOTAL ASSET TURNOVER (TIMES) .73
FIXED ASSET TURNOVER (TIMES) 0.94
RETURN ON PAID UP SHARE CAPITAL 24.85%
RETURN ON EQUITY 0.167397571

LEVERAGE

DEBT EQUITY RATIO (TIMES) 0.05

CURRENT RATIO (TIMES) 1.49
QUICK RATIO (TIMES) 1.2

VALUATION

DIVIDEND PER SHARE (RS) 1

EARNING PER SHARE (BASIC) 2.49
DIVIDEND PAY OUT RATIO (%) 40.16%
MARKET PRICE PER SHARE (RS) 28.86
RS (000) 2017 RS (000) 2016 RS (000) 2015 .

1063045 1486178 4000119

58,014 - -
4,281,496 4,482,438 4,378,810
5,402,555 5,968,616 8,378,929

595,672 1,968,031 2,055,628

539,085 - -
137,904 - -
234,644 - -
15,244 - -
8,625 - -
27,084 - -
43,991 76,265 144,031
312,441 78,037 5,758
426,177 - -
327,672 312,893 -
2,668,539 2,435,226 2,205,417
8,071,094 8,403,842 10,584,346

22,003,943 21,701,250 23,880,553

86,601 156,733 233,241
- - 900
22,090,544 21,857,983 24,114,694

2,194,451 2,177,367 1,965,411

1,071,970 540,588 888,536
1,148,618 569,101 566,141
83,001 218,947 11,190

53,374 16,593 375,563

2,663 4,447 3,908
- - -
589,761 982,562 6,039
517,837 1,665,579 2,296,603
- 1,324,485 300,211
5,661,675 7,499,669 6,413,602
27,752,219 29,357,652 30,528,296
 2016 - 2017 2015 - 2016

1,053,656,415 1,027,489,005
917,664,618 1,027,489,005
135,991,797 -

3,626,499,346 3,531,377,805
530,670,035 707,772,508
1,327,843,691 875,794,703
818,251,520 1,074,885,221
753,602,995 646,576,503
196,131,105 226,348,870
4,680,155,761 4,558,866,810

825,981,614 794,300,467
225,004,000 225,004,000
166,000,000 166,000,000
37,435,034 44,009,775
397,542,580 359,286,692

412,434,506 450,558,279
207,740,693 235,566,863
94,999,268 80,472,480
109,694,545 134,518,936

3,441,739,641 3,314,008,065
2,306,623,255 2,660,563,960
21,672,942 18,671,428
298,009,385 179,467,863
155,107,361 108,472,388
379,928,664 197,748,841
98,680,143 77,049,488
8,731,462 11,192,501
172,986,429 60,841,596

4,680,155,761 4,558,866,811

2017(%) 2016 (%) 2015 (%)

 21.73% 45.72% 37.69%
18.50% 41.58% 34.25%
19.24% 39.07% 30.47%
12.80% 26.78% 22.08%

9.42% 18.28% 13.48%

0.74 0.68 0.61
0.92 0.92 0.78
18.94% 38.90% -
0.132777522 0.256144348 0.2063866486

0.07 0.18 0.27

2.12 1.51 1.36
1.72 1.4 1.17

0.90 2.75 2.5

1.89 3.98 2.91
47.62% 69.10% 85.91%
41.22 36.76 26.46
RS (000) 2018

-40.09%
10.63%
-15.90%
-20.38%

72.03%
6.36%
27.87%
4.47%
12.22%
10.54%
311.91%
-18.21%
424.54%
0.00%
-1.00%
59.59%
6.06%

2.82%
-2.31%
-
2.80%

39.79%
16.12%
1.72%
-54.31%

24.91%
-61.28%
-
-82.25%
2.69%
-
11.95%
4.67%
 2017 - 2018

64.43%
4.29%
470.28%

41.98%
39.74%
3.73%
53.12%
18.87%
349.30%
47.03%

4.41%
0.00%
0.00%
-15.58%
10.64%

252.18%
499.70%
12.10%
-8.67%

32.68%
35.13%
16.08%
-28.10%
23.64%
95.33%
24.74%
-37.81%
-14.58%

47.03%

RATIOS OF BANGLADESH COMP

2017 - 2018 (%)
Profitability Ratios
GROSS PROFIT MARGIN 10.28%
NET PROFIT MARGIN 1.47%
RETURN ON TOTAL ASSET 1.41%
TOTAL ASSET TURNOVER (TIMES) 95.72%
FIXED ASSET TURNOVER (TIMES) 6
RETURN ON EQUITY 0.0964840444

LEVERAGE

DEBT EQUITY RATIO (TIMES) 6.97

CURRENT RATIO (TIMES) 1.1275285109
QUICK RATIO (TIMES) 0.4946

VALUATION

DIVIDEND PER SHARE (TAKA) 10:1 (STOCK)

EARNING PER SHARE (BASIC) 3.62
DIVIDEND PAY OUT RATIO (%) 276.24%
MARKET PRICE PER SHARE (Taka) 99.2

Activity Ratios

AVERAGE RECIVABLE TURNOVER 4.0908030558

AVERAGE AGE OF INVENTORY 46.1274820309
INVENTORY TURNOVER 7.8044580833
AVERAGE COLLECTION PERIOD 89.2245348958
HORIZONTAL ANALYSIS (% changes in years)
RS (000) 2017 RS (000) 2016

-28.47% -62.85%
- -
-4.48% 2.37%
-9.48% -28.77%

-69.73% -4.26%
- -
- -
- -
- -
- -
- -
-42.32% -47.05%
300.38% 1255.28%
- -
4.72% -
9.58% 10.42%
-3.96% -20.60%

1.39% -9.13%
-44.75% -32.80%
- -
1.06% -9.36%
-
0.78% 10.78%
98.30% -39.16%
101.83% 0.52%
-62.09% 1856.63%

221.67% -95.58%
-40.12% 13.79%
- -
-39.98% 16170.28%
-68.91% -27.48%
- 341.18%
-24.51% 16.93%
-5.47% -3.83%
 HORIZONTAL ANALYSIS (% changes in years)

2016 - 2017

2.55%
-10.69%
-

2.69%
-25.02%
51.62%
-23.88%
16.55%
-13.35%
2.66%

3.99%
0.00%
0.00%
-14.94%
10.65%

-8.46%
-11.81%
18.05%
-18.45%

3.85%
-13.30%
16.08%
66.05%
42.99%
92.13%
28.07%
-21.99%
184.32%

2.66%

BANGLADESH COMPNAY
2016 - 2017 (%) 2015 - 2016 (%)
 10.99% 25.90%
1.31% 1.54%
1.42% 2.25%
107.82% 164.25%
5 6
0.0807658713 0.1288521778

4.71 -
1.053682069 1.0655911922
0.442 2.4461

2 1.5
2.91 4.55
68.73% 32.97%
103.3 86.6 (18 MONTHS)

4.5206365124 7.5753106125
50.2833515965 38.4055006511
7.1594272969 9
80.7408423571 48.1828427468
 VERTICAL ANALYSIS
RS(000)2018 RS(000)2017

2.19% 3.83%
0.22% 0.21%
12.40% 15.43%
14.81% 19.47%

3.53% 2.15%
1.97% 1.94%
0.61% 0.50%
0.84% 0.85%
0.06% 0.05%
0.03% 0.03%
0.38% 0.10%
0.12% 0.16%
5.64% 1.13%
1.47% 1.54%
- 1.18%
14.66% 9.62%
29.47% 29.08%
- -
- -
77.89% 79.29%
0.29% 0.31%
- -
78.18% 79.60%

10.56% 7.91%
4.29% 3.86%
4.02% 4.14%
0.13% 0.30%

0.23% 0.19%
0.00% 0.01%
0.40% -
0.36% 2.13%
1.83% 1.87%
- -
21.82% 20.40%
100.00% 100.00%
 VERTICAL ANALYSIS

2017 - 2018 2016 - 2017

25.18% 22.51%
13.91% 19.61%
11.27% 2.91%

74.82% 77.49%
10.78% 11.34%
20.02% 28.37%
18.21% 17.48%
13.02% 16.10%
12.81% 4.19%
100.00% 100.00%
- -
- -
12.53% 17.65%
3.27% 4.81%
2.41% 3.55%
0.46% 0.80%
6.39% 8.49%
- -
21.11% 8.81%
18.10% 4.44%
1.55% 2.03%
1.46% 2.34%
- -
66.36% 73.54%
45.29% 49.29%
0.37% 0.46%
3.11% 6.37%
2.79% 3.31%
10.78% 8.12%
1.79% 2.11%
0.08% 0.19%
2.15% 3.70%
- -
100.00% 100.00%
trade recivables 1,377,420,333 1,327,843,691 875,794,703
Revenue, net 5,533,351,168 4,980,924,092 7,488,063,838
Cost of sales 4,964,425,757 4,433,269,674 6,634,416,908
inventories 741,532,520 530,670,035 707,772,508
total comprehensive income 81452553 65431747 102347345
CAL ANALYSIS
RS(000)2016 RS(000)2015

5.06% 13.10%
- -
15.27% 14.34%
20.33% 27.45%

6.70% 6.73%
- -
- -
- -
- -
- -
- -
0.26% 0.47%
0.27% 0.02%
- -
1.07% -
8.30% 7.22%
28.63% 34.67%
- -
- -
73.92% 78.22%
0.53% 0.76%
- 0.00%
74.45% 78.99%

7.42% 6.44%
1.84% 2.91%
1.94% 1.85%
0.75% 0.04%

0.06% 1.23%
0.02% 0.01%
- -
3.35% 0.02%
5.67% 7.52%
4.51% 0.98%
25.55% 21.01%
100.00% 100.00%
CAL ANALYSIS

2015 - 2016

22.54%
22.54%
-

77.46%
15.53%
19.21%
23.58%
14.18%
4.97%
100.00%
-
-
17.42%
4.94%
3.64%
0.97%
7.88%
-
9.88%
5.17%
1.77%
2.95%
-
72.69%
58.36%
0.41%
3.94%
2.38%
4.34%
1.69%
0.25%
1.33%
-
100.00%
 INDEX ANALYSIS (2015 base year)
RS(000)2018 RS(000)2017 RS(000)2016

15.92% 26.58% 37.15%

- - -
82.23% 97.78% 102.37%
51.34% 64.48% 71.23%

49.85% 28.98% 95.74%

- - -
- - -
- - -
- - -
- - -
- - -
24.98% 30.54% 52.95%
28462.76% 5426.21% 1355.28%
- - -
- - -
193.11% 121.00% 110.42%
80.88% 76.26% 79.40%
- - -
- - -
94.74% 92.14% 90.87%
36.27% 37.13% 67.20%
- - -
94.17% 91.61% 90.64%

156.08% 111.65% 110.78%

140.10% 120.64% 60.84%
206.37% 202.89% 100.52%
338.94% 741.74% 1956.63%

17.75% 14.21% 4.42%

26.38% 68.14% 113.79%
- - -
1733.13% 9765.87% 16270.28%
23.15% 22.55% 72.52%
- - 441.18%
98.83% 88.28% 116.93%
95.15% 90.91% 96.17%
 INDEX ANALYSIS (2015 base year)

2017 - 2018 2016 - 2017 2015 - 2016

168.62% 102.55% 100.00%

93.14% 89.31% 100.00%
- - -
- - -
145.80% 102.69% 100.00%
104.77% 74.98% 100.00%
157.28% 151.62% 100.00%
116.56% 76.12% 100.00%
138.54% 116.55% 100.00%
389.32% 86.65% 100.00%
150.95% 102.66% 100.00%
- - -
- - -
108.58% 103.99% 100.00%
100.00% 100.00% 100.00%
100.00% 100.00% 100.00%
71.81% 85.06% 100.00%
122.42% 110.65% 100.00%
- - -
322.38% 91.54% 100.00%
528.86% 88.19% 100.00%
132.34% 118.05% 100.00%
74.47% 81.55% 100.00%
- - -
137.79% 103.85% 100.00%
117.15% 86.70% 100.00%
134.74% 116.08% 100.00%
119.39% 166.05% 100.00%
176.79% 142.99% 100.00%
375.27% 192.13% 100.00%
159.76% 128.07% 100.00%
48.52% 78.01% 100.00%
242.86% 284.32% 100.00%

150.95% 102.66% 100.00%

RS(000)2015

100.00%
-
100.00%
100.00%

100.00%
-
-
-
-
-
-
100.00%
100.00%
-
-
100.00%
100.00%
-
-
100.00%
100.00%
100.00%
100.00%

100.00%
100.00%
100.00%
100.00%

100.00%
100.00%
-
100.00%
100.00%
100.00%
100.00%
100.00%