Shezan Company Of Pakistan

Balance Sheet
As on Dec 31,…….
Rupees in thousand
2014 2015 2016
ASSETS
NON-CURRENT ASSETS
Property, plant and equipment 6 847,625 1,199,334 1,187,011
Long term investments 7 1,830 2,358 2,121
Long term deposits and prepayments 8 4,342 3,561 4,253
853,797 1,205,253 1,193,385
CURRENT ASSETS
Stores and spares 9 46,458 57,967 66,718
Stock in trade 10 1,147,773 1,453,506 1,238,081
Trade debts 11 323,208 305,770 269,494
Loans and advances 12 34,968 27,062 75,312

19,258 15,798 15,131

Trade deposits and short term prepayments 13
Interest accrued 14 516 292 268
Income tax recoverable 108,348 206,677 306,463
Cash and bank balances 15 153,416 143,255 102,906
1,833,945 2,210,327 2,074,373
TOTAL ASSETS 2,687,742 3,415,580 3,267,758

Shezan Company Of Pakistan

Balance Sheet
As on Dec 31,…….
2014 2015 2016
EQUITY AND LIABILITIES

SHARE CAPITAL AND RESERVES

Share capital 16 72,600 79,860 79,860
Reserves 17 1,104,315 1,254,843 1,454,606
Unappropriated profi 328,341 393,459 299,899
TOTAL EQUITY 1,505,256 1,728,162 1,834,365
NON-CURRENT LIABILITIES
Long term loan - secured 18 210,000 90,000

68,522 74,498 69,374

Deferred taxation 19
68,522 284,498 159,374
CURRENT LIABILITIES
Trade and other payables 20 704,928 778,894 668,625
Interest accrued on borrowings 5,573 10,677 1,454

90,000 120,000
Current portion of long term loan 18
Short term borrowings - secured 21 164,530 280,000 226,277
Provision for taxation 238,933 243,349 257,663
 1,113,964 1,402,920 1,274,019
TOTAL LIABILITIES 1,182,486 1,687,418 1,433,393
CONTINGENCIES AND COMMITMENTS 22
TOTAL EQUITY AND LIABILITIES 2,687,742 3,415,580 3,267,758

Shezan Company Of Pakistan

Income Statement
For the period ended dec 31,….
Rupees in thousand
2014 2015 2016
Sales - net 23 6,760,527 6,817,635 6,816,540
Cost of sales 24 4,735,740 4,877,580 4,931,776
Gross profi 2,024,787 1,940,055 1,884,764
Distribution cost 25 1,272,778 1,245,656 1,249,860
Administrative expenses 26 214,310 217,741 244,291
Other operating expenses 27 162,188 161,177 186,818
Other income 28 -53,592 -59,796 -51,859
1,595,684 1,564,778 1,629,110
Operating profi 429,103 375,277 255,654
Finance cost 29 28,571 60,967 52,178
Profi before taxation 400,532 314,310 203,476
Taxation 30 141,000 19,332 9,190
Net profi for the year 259,532 294,978 194,286
 2014 (000) 2015 (000) 2016 (000)
Current assets 1,833,945 2,210,327 2,074,373
Current liabilities 1,113,964 1,402,920 1,274,019
Current ratio 1.6463234 1.5755189177 1.6282119811

2014 (000) 2015 (000) 2016 (000)

Current assets 1,833,945 2,210,327 2,074,373
Inventory 1,147,773 1,453,506 1,238,081
Sub total 686,172 756,821 836,292
Current liabilities 1,113,964 1,402,920 1,274,019
Quick ratio 0.6159732271 0.5394612665 0.6564203517

2014 (000) 2015 (000) 2016 (000)

C.G.S 4,735,740 4,877,580 4,931,776
Inventory 1,147,773 1,453,506 1,238,081
Inventory Turnover 4.1260249196 3.3557343417 3.9834033476
Ratio

2014 (000) 2015 (000) 2016 (000)

Days 365 365 365
Inventory Turnover 4.126 3.355 3.983
Average age of invent 88.463402811 108.7928465 91.639467738

2014 (000) 2015 (000) 2016 (000)

Account Receivable 143,316 233,739 381,775
Annual sale 6,760,527 6,817,635 6,816,540
Days 365 365 365
Sub total 18,522 18,678 18,675
Average Collection
7.737612763 12.5138314093 20.442610914
Period

2014 (000) 2015 (000) 2016 (000)

Account payable 704,928 778,894 668,625
Annual purchases 1,147,773 1,453,506 1,238,081
Days 365 365 365
Sub total 3144.583561644 3982.208219178 3392.002739726
Average Payment
224.1721315975 195.5934891222 197.1180601269
Period

2014 (000) 2015 (000) 2016 (000)

Sales 6,760,527 6,817,635 6,816,540
Total Assets 2,687,742 3,415,580 3,267,758
Total Assets
Turnover 2.5153184346 1.996040204 2.0859990244

2014 (000) 2015 (000) 2016 (000)

 Total Liabilities 1,182,486 1,687,418 1,433,393
Total Assets 2,687,742 3,415,580 3,267,758
Debt ratio 0.4399551743 0.4940355664 0.4386472315

2014 (000) 2015 (000) 2016 (000)

EBIT/O.P 429,103 375,277 255,654
Interest 0 0 0
TIE ratio 429,103 375,277 255,654

2014 2015 2016

Gross Profit 2,024,787 1,940,055 1,884,764

Sales 6,760,527 6,817,635 6,816,540

G.P Margin 29.95% 28.46% 27.65%

2014 2015 2016

Operation Profit 429,103 375,277 255,654
Sales 6,760,527 6,817,635 6,816,540
O.P Margin 6.35% 5.50% 3.75%

2014 2015 2016

Net Profit 259,532 294,978 194,286
Sales 6,760,527 6,817,635 6,816,540
N.P Margin 3.84% 4.33% 2.85%

2014 2015 2016

Earnings Per Share 35.75

2014 2015 2016

Dividend Per Share

2014 2015 2016

Earnings available
for common stock 259,532 294,978 194,286
holders

Total Assets 2,687,742 3,415,580 3,267,758

Return on Assets 9.66% 8.64% 5.95%

2014 2015 2016

Earnings available
for common stock 259,532 294,978 194,286
holders

Total Equity 1,505,256 1,728,162 1,834,365

Return on Equity 17.241718352 17.068885903 10.591458079
 2014 2015 2016

Earnings available
for common stock 259,532 294,978 194,286
holders

Total common equit 72,600 79,860 79,860

Return on
Common Stock 357.48% 369.37% 243.28%
Equity