PAKISTAN PETROLEUM LIMITED

Balance Sheet
June 30, 2012
June 30, 2012
Rs. '000
Non-Current Assets
Fixe Assets
Property
Plant Assets
Account Recievable
Inventories
Total Assets

550,000
95,000
444,500
30,000
50,000
1,169,500

Liabilities
Current Liabilities
Long-Term Liabilities
Account Payable

210,000
100,000
30,000

Total Liabilities

340,000

Stockholders' Equity:
Preferred 6% stock, $100 par
Common Stock, $10 par
Retained Earnings

150,000
500,000
179,500

Total Stockholders' Equity

829,500

Total Liabilities and Stockholders' Equity

1,169,500

Nestle Pakistan Limited

Income Statement
For the year ended 31 December 2012
Horizontal and Vertical Analysis
% of Sales

2012

20011 Deviation

Sales
Cost of goods sold

100.00
72.79

79,087,696 64,824,364
57,564,265 48,099,046

14,263,332
9,465,219

Gross Profit

27.21

21,523,431 16,725,318

4,798,113

Distribution and Selling Expenses

Administration Expenses

11.11
2.24
13.87

6,862,113
1,405,298
8,267,411
8,457,907

1,925,395
364,505

Operating Profit

8,787,508
1,769,803
10,557,311
10,966,120

Finance Cost
Other operating expenses

2.31
1.67

1,827,969
1,320,319

1,050,355
1,064,233

777,614
256,086

Other operating income

0.20

3,148,288
160,142

2,114,588
159,545

1,033,700
597

Profit before taxation

Taxation

10.09
2.67

7,977,974
2,113,463

6,502,864
1,834,507

1,475,110
278,956

Profit after taxation

7.42

5,864,511

4,668,357

1,196,154

129.32

102.94

Earnings per share - basic and dilute (Rs)

2,698,709

Growth %
18.03
16.44
22.29
21.91
20.60
24.61
42.54
19.40
32.83
0.37
18.49
13.20
20.40

PAKISTAN PETROLEUM LIMITED June 30, 2012

Ratio Analysis
A. Liquidity Ratios
1. Current Ratio
Current Ratio

Total Current Assets

Total Current Liabilities

Total Current Assets - Inventories

Total Current Liabilities

93,253,919
21,267,676

1. Quick Ratio
Quick Ratio

B. Leverage Ratios
3. Total Debts to Total Assets Ratio
Total Debts to
Total Assets
Ratio
Times Interest
Earned

Total Debts
Total Assets

Operating Income
Interest Expenses

22,899,324+21,267,676
170,551,187

C. Efficiency Ratios
1. Average Collection Period
=
Average
Collection period

Receivables x 360
Net sales

(697676+528023)x360
96,221,728

Net Sales
Total assets

96,221,728
170,551,187

Net sales
Net Working Capital

2. Total Assets Turnover

Total assets
turnover

3. Net Working Capital Turnover

=
Net Working
Capital Turnover

D. Profiability Ratios

1. Profit Margin
Profit Margin

Net Profit
Net Sales

23,605,148
96,221,728

Net Profit
Total Assets

23,605,148
170,551,187

2. Return on Total Assets

Return on Total
Assets

E. Equity Ratio
1. Price to Earning Ratio
P.E

Price
Earning

Dividends
Earning

Dividends
Price

Net Worth
Shares

2. Dividend Payout
Dividend Payout =

3. Dividend Yield
Dividend Yield

4. Book Value Per Share

Book Value

30, 2012

93,253,919
21,267,676

4.38

22,899,324+21,267,676
170,551,187

0.26

(697676+528023)x360
96,221,728

4.59

96,221,728
170,551,187

0.56

23,605,148
96,221,728

0.25

23,605,148
170,551,187

0.14

Nestle Pakistan Limited

Ratio Analysis
A. Liquidity Ratios
1. Current Ratio
Current Ratio

Total Current Assets

Total Current Liabilities

Total Current Assets - Inventories

Total Current Liabilities

1. Quick Ratio
Quick Ratio

B. Leverage Ratios
3. Total Debts to Total Assets Ratio
Total Debts to
Total Assets
Ratio
Times Interest
Earned

Total Debts
Total Assets

Operating Income
Interest Expenses

7173+104178+236639+98663
50,426,064

C. Efficiency Ratios
1. Average Collection Period
=
Average
Collection period

Receivables x 360
Net sales

6208184x360
96,221,728

Net Sales
Total assets

79,087,696
50,426,064

Net sales
Net Working Capital

2. Total Assets Turnover

Total assets
turnover

3. Net Working Capital Turnover

=
Net Working
Capital Turnover

D. Profiability Ratios

1. Profit Margin
Profit Margin

Net Profit
Net Sales

5,864,511
79,087,696

Net Profit
Total Assets

5,864,511
50,426,064

2. Return on Total Assets

Return on Total
Assets

E. Equity Ratio
1. Price to Earning Ratio
P.E

Price
Earning

Dividends
Earning

Dividends
Price

Net Worth
Shares

2. Dividend Payout
Dividend Payout =

3. Dividend Yield
Dividend Yield

4. Book Value Per Share

Book Value

7173+104178+236639+98663
50,426,064

0.01

6208184x360
96,221,728

23.23

79,087,696
50,426,064

1.57

5,864,511
79,087,696

0.07

5,864,511
50,426,064

0.12

Pakistan Petrolium limited

Income Statement
For the year ended June 30 2012
Horizontal and Vertical Analysis
% of Sales

2012

20011 Deviation

Sales

100.00

96,221,728 78,252,395

17,969,333

Field Expenditures
Royalties

28.11
11.92

27,050,962 21,364,177
11,471,151 9,232,890

5,686,785
2,238,261

59.97

57,699,615 47,655,328

10,044,287

Share of profit in equity - accounted

investment in joint venture
Other operating Income
Other Operating Expenses
Finance Costs

0.07
12.05
4.84
0.19

68,124
11,594,481
4,654,529
179,005

55,712
4,450,567
3,591,519
205,444

12,412
7,143,914
1,063,010
-26,439

Profit before taxation

Taxation

67.06
24.53

64,528,686 48,364,644
23,605,148 16,918,929

16,164,042
6,686,219

Profit after taxation

42.53

40,923,538 31,445,715

9,477,823

Basic and diluted earnings per share (Rs)

31.13

102.94

Growth %
18.67
21.02
19.51
17.41

18.22
61.61
22.84
-14.77
25.05
28.33
30.14