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RESOURCE OF GSK
Course:
Financial management
Faculty:
Mirza Shakeel Baig
Group Name:
The Gainers
SALOGAN
EXCELLENCE AWARDS 2008
GSK named as “the best place to work-2008”
6000
5000
4000
non-current liabilities
non-current assets
3000
net current assets
property,plant and equipment
2000
1000
0
2008
2007
2006
2005
2004
Rev
enue
disp a
osal nd its
2008
2007
2006
Di
s
sha tribu
res tio
n of
2008
2007
2006
Ratios 2003 2004 2005 2006 2007 2008
Price earning ratio (times) 31.9 20.9 17.5 16.5 19.6 6.6
Market capitalization (Rs in millions) 13,916 15,817 20,350 21,559 32,837 12,961
= 2 + 1,026,425 = 2.91
1,124,635.6
Net present value:
Year Net cash flow
0 (4,050,000)
0 (4,050,000)
0 (4,050,000)
1(2005) 1,720,593 2,290,109.283
2(2006) 1,765,874 2,136,707.54
3(2007) 1,496,890 1,646,579
4(2008) 401,842 401,842
Terminal value 6475237.823
4,050,000 = 6,475,237.823
(1+ MIRR)
(1+ MIRR) = 6,475,237.823
4,050,000
(1+ MIRR) =( 1.599)⅟₄
MIRR = 1.125 – 1 = 0.125
MIRR= 12.5%
EVALUATION SUMMARY