ATTOCK PETROLEUM INCOME STATEMENT TREND ANALYSIS

YEAR 2013
Rupees in '000
Sales
Less:
Sales Tax
Net Sales
Cost of Product Sold
Gross Profit

YEAR 2014
Rupees in '000

INCREASE
(DECREASE)

PERCENTAGE
CHANGE

COMMENTS(INTERPRETATION)

191,181,800

240,567,960

49,386,160

25.8%

Sales are increased by 25.8% in 2014

26,471,623
164,710,177
159,533,376
5,176,801

35,405,049
205,162,911
199,220,617
5,942,294

8,933,426
40,452,734
39,687,241
765,493

33.7%
25%
24.9%
14.8%

Sales tax increase because of increase in sales

Net sales increase because of increase in sales
Cost of product sold increases because sales increased
Net sales increased more than cost of product sold

Other Income
Operating Expenses

1,164,542
1,467,988

1,375,782
1,936,607

211,240
468,619

18.1%
31.9%

Company gets other income from different investments

Operating expense increased in 2014
Operating profit increased because other income and gross profit increases

Operating Profit
Finance income
Finance costs

4,873,355
2,750,456
1,666,129

5,381,469
1,068,205
133,630

508,114
-1,682,251
-1,532,499

10.4%
-61.2%
-92.0%

Net finance income

1,084,327

934,575

-149,752

-13.8%

46,241
410,519

25,044
434,523

-21,197
24,004

-45.8%
5.8%

Profit Before Tax

Tax

5,593,404
1,686,870

5,906,565
1,579,801

313,161
-107,069

5.6%
-6.3%

Profit for The Year

3,906,534

4,326,764

420,230

10.8%

56.52

52.16

-4

-7.7%

Share of Profit of Association

Other charges

EPS-Basic and Diluted(Rupees)

Finance income decreased to a great extent

Paid interests cost and other costs
Finance income decrease thats why net finance income increases
Net finance income decreases in year 2014,thats why share of profit
decreases.
Other charges increased in the year 2014
Profit before tax increased in 2014 because operating profit increases
Tax decreases
Profit before tax increased in 2014 thats why Profit for the year increased
Earning per share decreased in 2014 because share price decreased

ATTOCK PETROLEUM BALANCE

YEAR 2013
Rupees in '000

SHARE CAPITAL AND RESERVES

Authorised capital
Issued, subscribed and paid up capital
Reserves
Special reserves
Revenue reserve
Unappropriated profit

1,500,000
691,200

1,500,000
829,440

85,584

96,774

13,266,673
14,043,457

12,873,508
13,799,722

265,871
197,000
462,871

574,881
6,801
581,682

15,413,808
177,383
15,591,191

19,516,149
188,311
19,704,460

30,097,519

34,085,864

1,862,742

1,931,085

NON CURRENT LIABILITIES

Long term deposits
Deferred income tax liability
CURRENT LIABILITIES
Trade and other payables
Provision for income tax

Total Liabilities and Shareholders Equity

ASSETS
NON CURRENT ASSETS
Property, plant and equipment
Long term investments in
associated companies
Long term prepayments
CURRENT ASSETS
Stores and spares
Stock in trade
Trade debts
Advances, deposits, prepayments
and other receivables
Short term investments
Cash and bank balances

Total Assets

YEAR 2014
Rupees in '000

878,111

887,042
18,918

27,565
5,156,298
9,309,671
949,032
1,943,783

32,931
6,787,904
14,247,856
747,398
1,782,278

9,970,317
27,356,666

7,650,452
31,248,819

30097519

34085864

Total Assets

30097519

34085864

M BALANCE SHEET TREND ANALYSIS

INCREASE
(DECREASE)

PERCENTAGE
CHANGE

COMMENTS(INTERPRETATION)

0
138,240

0.0%
20.0%

11,190

13%

Authorise capital remains unchanged in 2014

More shares are issued in 2014
Company increased their special reserve in 2014
No revenue reserve maintained

-393,165
-243,735

-3.0%
-1.7%

309,010
-190,199
118,811

116.2%
-96.5%
25.7%

Long term doposits increased because increase in debt

Income tax paid

4,102,341
10,928
4,113,269

26.6%
6.2%
26.4%

Trade and other payable paid

income tax provision maintained

3,988,345

13.3%

Total share holders equity

68,343

3.7%

Investment maid in property,plant and equipment

8,931

1.0%

Investment maid in associate companies increased

5,366
1,631,606
4,938,185
-

19.5%
31.6%
53.0%

More stores and spares purchased in 2014

More Inventory purchased in 2014
Credit sales increased in 2014

-201,634
-161,505

-21.2%
-8.3%

-2,319,865
3,892,153

-23.3%
14.2%

3,988,345

13.25%

Less receivable recovered in 2014

Less short term investment in 2014
Cash and bank balance decreases because liability increases in 2014

Total assets increased in 2014 because more investments are made in

long and short term

3,988,345

13.25%

Total assets increased in 2014 because more investments are made in

long and short term

COMMENTS(INTERPRETATION)

e capital remains unchanged in 2014

res are issued in 2014

y increased their special reserve in 2014

ue reserve maintained

m doposits increased because increase in debt

ax paid

d other payable paid

ax provision maintained

re holders equity

nt maid in property,plant and equipment

nt maid in associate companies increased

res and spares purchased in 2014

entory purchased in 2014
les increased in 2014

ivable recovered in 2014

rt term investment in 2014
bank balance decreases because liability increases in 2014

ets increased in 2014 because more investments are made in

short term

ets increased in 2014 because more investments are made in

short term

ATTOCK PETROLEUM BALANCE SHEET C

YEAR 2014
Amount
SHARE CAPITAL AND RESERVES
Authorised capital
Issued, subscribed and paid up capital
Reserves
Special reserves
Revenue reserve
Unappropriated profit

NON CURRENT LIABILITIES

Long term deposits
Deferred income tax liability
CURRENT LIABILITIES
Trade and other payables
Provision for income tax

Total Liabilities and Shareholders Equity

ASSETS
NON CURRENT ASSETS
Property, plant and equipment
Long term investments in
associated companies
Long term prepayments
CURRENT ASSETS
Stores and spares
Stock in trade
Trade debts
Advances, deposits, prepayments
and other receivables
Short term investments
Cash and bank balances

Total Assets

1,500,000
829,440
96,774
12,873,508
13,799,722

574,881
6,801
581,682
19,516,149
188,311
19,704,460
34,085,864

1,931,085
887,042
18,918

32,931
6,787,904
14,247,856
747,398
1,782,278
7,650,452
31,248,819
34,085,864

UM BALANCE SHEET COMMON SIZE ANALYSIS

YEAR 2014
Percentage

Amount

YEAR 2013
Percentage

4.40%
2.43%

1,500,000
691,200

4.98%
2.30%

0.28%

85,584

0.28%

37.77%
40.49%

13,266,673
14,043,457

44.08%
46.66%

1.69%
0.02%
1.71%

265,871
197,000
462,871

0.88%
0.65%
1.54%

57.26%
0.55%
57.81%

15,413,808
177,383
15,591,191

51.21%
0.59%
51.80%

100.00%

30,097,519

5.67%

1,862,742
878,111
-

100.00%
0.00%
0.00%
6.19%
2.92%

2.60%
0.06%

2.19%
5.23%
22.44%
91.68%

27,565
5,156,298
9,309,671
949,032
1,943,783
9,970,317
27,356,666

0.00%
0.00%
0.09%
17.13%
30.93%
3.15%
6.46%
33.13%
90.89%

100.00%

30,097,519

100.00%

0.10%
19.91%
41.80%
-

ATTOCK PETROLEUM INCOME STATEMENT COMMON

Amount

Net Sales
Cost of Product Sold
Gross Profit
Other Income
Operating Expenses
Operating Profit
Finance income
Finance costs
Net finance income
Share of Profit of Association
Other charges
Profit Before Tax
Tax
Profit for The Year

YEAR 2014
Percentage

205,162,911
199,220,617
5,942,294

100.00%
97.10%
2.90%

1,375,782
1,936,607
5,381,469
1,068,205
133,630
934,575
25,044
434,523
5,906,565
1,579,801
4,326,764

0.67%
0.94%
2.62%
0.52%
0.07%
0.46%
0.01%
0.21%
2.88%
0.77%
2.11%

ENT COMMON SIZE ANALYSIS

Amount

YEAR 2013
Percentage

164,710,177
159,533,376
5,176,801

100.00%
96.86%
3.14%

1,164,542
1,467,988
4,873,355
2,750,456
1,666,129
1,084,327
46,241
410,519
5,593,404
1,686,870
3,906,534

0.71%
0.89%
2.96%
1.67%
1.01%
0.66%
0.03%
0.25%
3.40%
1.02%
2.37%