Shell Pakistan

Balance Sheet 2008 to 2017 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Assets

Non Current Assets

Property, Plant & Equipment 10,000,115 9,150,109 8,089,022 7,059,726 6,226,651 6,330,565 6,652,020 6,502,773 7,024,787 13,979,650

Intangible Assets - - - 185,706 558,350 931,867 1,321,105 1,679,707 289,573 -

Long Term Investments 4,051,815 3,735,560 3,436,508 3,276,116 3,070,286 2,989,350 2,749,610 2,547,853 2,312,806 4,152,981

Long Term Loans 17,820 3,091 5,712 20,640 43,143 98,853 93,914 81,960 101,058 268,063

Long Term Deposits & Prepayments 289,045 160,317 167,416 186,022 197,155 199,951 194,242 190,666 206,542 470,742

Long Term Debtors - - - - - 1,216 3,732 11,442 20,919 208,509

Deffered Taxation- net 1,214,351 2,221,599 - 225,872 632,636 579,060 1,383,816 1,993,350 2,334,798 3,090,098

Total Non Current Assets 15,573,146 15,270,676 11,698,658 10,954,082 10,728,221 11,130,862 12,398,439 13,007,751 12,290,483 22,170,043

Current Assets

Stores - 14,845 14,845 15,143 14,502 15,719 31,320

Stock in Trade 9,500,585 10,366,172 13,281,189 13,086,285 17,818,412 17,377,946 17,847,222 12,348,438 13,076,718 26,847,276

Trade Debts 3,101,181 2,122,335 1,600,632 2,626,021 2,259,170 2,006,553 2,488,910 2,013,358 1,239,213 7,830,693

Loan & Advances 48,403 63,767 67,716 70,227 131,412 81,061 66,532 76,187 60,283 98,451

Short term prepayments 304,673 281,246 584,063 252,630 190,840 210,334 271,133 305,384 250,050 480,668

Other receivables 7,773,261 8,417,830 8,598,668 10,393,887 8,594,635 10,685,776 14,633,255 9,686,866 5,851,644 13,803,704

Cash & bank balance 2,591,864 5,988,405 2,103,517 1,295,633 858,390 3,388,485 1,438,447 1,045,025 869,623 7,422,282

Total Current Assets 23,319,967 27,239,755 26,235,785 27,724,683 29,867,704 33,765,000 36,760,642 25,489,760 21,363,250 56,514,394

Total Assets 38,893,113 42,510,431 37,934,443 38,678,765 40,595,925 44,895,862 49,159,081 38,497,511 33,653,733 78,684,437

EQUITY & LIABILITIES

Equity

Share Capital 1,070,125 1,070,125 1,070,125 1,070,125 856,100 856,100 684,880 684,880 684,880 1,232,784

Share Premium 1,503,803 1,503,803 1,503,803 1,503,803 1,717,828 1,924,830 2,096,050 2,096,050 2,096,050 4,329,076

General Reserves 207,002 207,002 207,002 207,002 207,002 - - - - -

Page 1 of 6
Balance Sheet 2008 to 2017 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Unappropriate Profits 7,738,731 8,301,460 3,248,749 3,193,878 4,603,450 3,394,660 5,477,191 5,119,105 5,489,673 14,305,336
Remeasurements of post employment
(321,601) 27,392 (48,857) (79,743) (161,854) - - - - -
benefits
Total Equity 10,198,060 11,109,782 5,980,822 5,895,065 7,222,526 6,175,590 8,258,121 7,900,035 8,270,603 19,867,196

Liabilities

Non Current Liabilities

Liabilities against assets subject ot
- - - - - - - 2,662 1,790 4,011
finance lease

Long Term Loans - - - - - - - - - 5,000,000

Assets retirement Obligation 93,809 83,892 117,861 141,610 334,091 339,596 189,351 187,104 212,038 373,164

Deffered Taxation- net - - 347,605 - - - - - - 51,574

93,809 83,892 465,466 141,610 334,091 339,596 189,351 189,766 213,828 5,428,749

Current Liabilities

Trade and other payables 27,154,452 30,037,827 29,030,718 28,487,894 26,448,442 25,817,640 24,495,103 19,936,550 15,970,996 31,827,551

Accured markup 431 623 10,476 10,064 16,737 52,449 217,645 86,350 200,038 720,293
Current maturity of liabilities against
- - - - - - - 15,550 38,808 118,167
asset subject to lease
Short term running finance utilized
- - - - - - 1,586,438 2,453,001 5,646,786
under mark up arrangements secured
Short term borrowing - secured 395,000 - 2,025,448 3,765,762 6,158,020 12,170,000 15,745,032 8,400,000 6,000,000 127,025,000

Taxation - net 1,051,361 1,278,307 421,513 378,370 416,109 340,587 253,829 382,822 506,459 1,050,695

Total Current Liabilities 28,695,053 31,400,649 31,953,621 32,783,700 33,373,399 38,720,272 40,900,960 30,597,476 25,383,130 171,817,241

Total Equity & Liabilities 38,893,113 42,510,431 37,934,443 38,678,765 40,595,925 44,895,862 49,159,081 38,497,511 33,653,733 78,684,437

Vertical
Balance Sheet 2008 to 2017 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Assets

Page 2 of 6
Balance Sheet 2008 to 2017 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Non Current Assets

Property, Plant & Equipment 25.71% 21.52% 21.32% 18.25% 15.34% 14.10% 13.53% 16.89% 20.87% 17.77%

Intangible Assets 0% 0% 0% 0% 1% 2% 3% 4% 1% 0%

Long Term Investments 10% 9% 9% 8% 8% 7% 6% 7% 7% 5%

Long Term Loans 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%

Long Term Deposits & Prepayments 1% 0% 0% 0% 0% 0% 0% 0% 1% 1%

Long Term Debtors 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%

Deffered Taxation- net 3% 5% 0% 1% 2% 1% 3% 5% 7% 4%

Total Non Current Assets

Current Assets 40% 36% 31% 28% 26% 25% 25% 34% 37% 28%

Stores 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%

Stock in Trade 24% 24% 35% 34% 44% 39% 36% 32% 39% 34%

Trade Debts 8% 5% 4% 7% 6% 4% 5% 5% 4% 10%

Loan & Advances 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%

Short term prepayments 1% 1% 2% 1% 0% 0% 1% 1% 1% 1%

Other receivables 20% 20% 23% 27% 21% 24% 30% 25% 17% 18%

Cash & bank balance 7% 14% 6% 3% 2% 8% 3% 3% 3% 9%

Total Current Assets 60% 64% 69% 72% 74% 75% 75% 66% 63% 72%

Total Assets 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

EQUITY & LIABILITIES

Equity

Share Capital 4% 3% 3% 3% 3% 2% 2% 2% 3% 1%

Share Premium 5% 5% 5% 5% 5% 5% 5% 7% 8% 3%

General Reserves 1% 1% 1% 1% 1% 0% 0% 0% 0% 0%

Unappropriate Profits 27% 26% 10% 10% 14% 9% 13% 17% 22% 8%
Remeasurements of post employment
-1% 0% 0% 0% 0% 0% 0% 0% 0% 0%
benefits
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Balance Sheet 2008 to 2017 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Total Equity 36% 35% 19% 18% 22% 16% 20% 26% 33% 12%

Liabilities - - - - - - - - - -

Non Current Liabilities

Liabilities against assets subject ot
0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
finance lease
Long Term Loans 0% 0% 0% 0% 0% 0% 0% 0% 0% 3%

Assets retirement Obligation 0% 0% 0% 0% 1% 1% 0% 1% 1% 0%

Deffered Taxation- net 0% 0% 1% 0% 0% 0% 0% 0% 0% 0%

Current Liabilities

Trade and other payables 95% 96% 91% 87% 79% 67% 60% 65% 63% 19%

Accured markup 0% 0% 0% 0% 0% 0% 1% 0% 1% 0%
Current maturity of liabilities against
0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
asset subject to lease
Short term running finance utilized
0% 0% 0% 0% 0% 0% 0% 5% 10% 3%
under mark up arrangements secured
Short term borrowing - secured 1% 0% 6% 11% 18% 31% 38% 27% 24% 74%

Taxation - net 4% 4% 1% 1% 1% 1% 1% 1% 2% 1%

Total Current Liabilities 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

Page 4 of 6
 Shell Pakistan
Income Statement 2008 to 2017 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Sales 205,791,893 214,852,746 248,570,957 291,362,990 287,991,922 244,316,875 247,506,537 223,813,592 177,110,208 280,414,773
Others - - - - - - - - - 24,698
Other Revenue 965,737 1,049,709 824,840 759,802 721,652 717,704 550,168 407,775 509,311 833,476
206,757,630 215,902,455 249,395,797 292,122,792 288,713,574 245,034,579 248,056,705 224,221,367 177,619,519 281,272,947

Sales Tax (37,909,193) (48,260,853) (52,267,446) (41,338,051) (39,499,583) (32,233,969) (28,907,356) (26,690,456) (21,619,421) (33,221,255)
Net Revenue 168,848,437 167,641,602 197,128,351 250,784,741 249,213,991 212,800,610 219,149,349 197,530,911 156,000,098 248,051,692
Cost of Product Sold (153,972,023) (153,638,427) (186,533,476) (243,203,242) (237,837,485) (203,521,445) (206,913,532) (185,403,153) (143,097,916) (244,549,094)
Gross Profit 14,876,414 14,003,175 10,594,875 7,581,499 11,376,506 9,279,165 12,235,817 12,127,758 12,902,182 3,502,598

Distribution & marketing expenses (6,018,105) (5,441,546) (4,965,781) (3,814,407) (3,366,012) (3,229,142) (3,896,174) (4,524,058) (3,376,353) (5,041,366)

Administrative expenses (4,146,166) (3,585,894) (2,995,215) (4,377,485) (4,141,201) (4,171,129) (3,471,447) (3,679,805) (3,846,205) (4,448,039)

Other Expenses (1,411,469) (584,902) (993,187) (216,430) (1,767,474) (1,330,649) (745,931) (738,589) (1,284,990) (4,046,663)

Other Income 419,559 767,045 419,318 1,278,764 300,037 370,530 171,144 527,448 492,001 940,108

Operating Profit 3,720,233 5,157,878 2,060,010 451,941 2,401,856 918,775 4,293,409 3,712,754 4,886,635 (9,093,362)

Finance Cost (203,896) (299,146) (447,109) (532,151) (1,634,318) (2,095,883) (1,264,677) (1,401,211) (2,498,961)

Other Charges 3,720,233 4,953,982 1,760,864 4,832 1,869,705 (715,543) 2,197,526 2,448,077 3,485,424 (11,592,323)

Share of Profit associate net of tax 751,840 583,961 541,552 554,788 720,199 635,191 596,008 424,585 123,232

Profit before Taxation 3,720,233 5,705,822 2,344,825 546,384 2,424,493 4,656 2,832,717 3,044,085 3,910,009 (11,469,091)

Taxation 1,059,085 (1,433,855) (1,613,517) (1,363,332) (2,087,187) (1,926,727) (1,428,503) (1,347,061) (4,579,034)

Profit for the year 3,720,233 6,764,907 910,970 (1,067,133) 1,061,161 (2,082,531) 905,990 1,615,582 2,562,948 (6,890,057)

Other comprhensive incomes - - - - - - - - - -

Items that will not be classified to
profit or loss - - - - - - - - - -
Acturial gain on post employement
- 76,249 30,886 82,111 283,227 - - - - -
benefits
Total comprehensive income for
3,720,233 6,841,156 941,856 (985,022) 1,344,388 (2,082,531) 905,990 1,615,582 2,562,948 (6,890,057)
the year

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 Quick Average Inventory Average Operating Debt Analysis
Current Current Net Current Asset Turn Gross Profit Net Profit Return on Return on Earning Per
Year Company Name Inventory Net sales Cost of sales Quick Ratio Ratio Collection turnover in Payment Profit
Assets Liabilties receivables Ratio Over Margin Margin Asset Equity Share EBIT/interst
% Period days Period Margin Debt Ratio
expense
2017 SHELL PAKISTAN 15,573,146 28,695,053 7,773,261 9,500,585 168,848,437 (153,972,023) 0.54 6,072,561 21% 17 (5,915) 27,154,452 4.34 8.81% 2.20% 2.20% 9.57% 36.48% 1 1

2016 SHELL PAKISTAN 15,270,676 31,400,649 8,417,830 10,366,172 167,641,602 (153,638,427) 0.49 4,904,504 16% 18 (5,410) 3.94 8.35% 3.08% 4.04% 15.91% 60.89% 2 1

2015 SHELL PAKISTAN 11,698,658 31,953,621 8,598,668 13,281,189 197,128,351 (186,533,476) 0.37 (1,582,531) -5% 16 (5,126) 5.20 5.37% 1.05% 0.46% 2.40% 15.23% 3 1

2014 SHELL PAKISTAN 10,954,082 32,783,700 10,393,887 13,086,285 250,784,741 (243,203,242) 0.33 (2,132,203) -7% 15 (6,783) 6.48 3.02% 0.18% -0.43% -2.76% -18.10% 4 1

2013 SHELL PAKISTAN 10,728,221 33,373,399 8,594,635 17,833,257 249,213,991 (237,837,485) 0.32 (7,105,036) -21% 13 (4,868) 6.14 4.56% 0.96% 0.43% 2.61% 14.69% 5 1

2012 SHELL PAKISTAN 11,130,862 38,720,272 10,685,776 17,392,791 212,800,610 (203,521,445) 0.29 (6,261,929) -16% 18 (4,271) 4.74 4.36% 0.43% -0.98% -4.64% -33.72% 6 1

2011 SHELL PAKISTAN 12,398,439 40,900,960 14,633,255 17,862,365 219,149,349 (206,913,532) 0.30 (5,463,926) -13% 24 (4,228) 4.46 5.58% 1.96% 0.41% 1.84% 10.97% 7 1

2010 SHELL PAKISTAN 13,007,751 30,597,476 9,686,866 12,362,940 197,530,911 (185,403,153) 0.43 644,811 2% 18 (5,474) 5.13 6.14% 1.88% 0.82% 4.20% 20.45% 8 1

2009 SHELL PAKISTAN 12,290,483 25,383,130 5,851,644 13,092,437 156,000,098 (143,097,916) 0.48 (801,954) -3% 14 (3,989) 4.64 8.27% 3.13% 1.64% 7.62% 30.99% 9 1

2008 SHELL PAKISTAN 22,170,043 171,817,241 13,803,704 26,878,596 248,051,692 (244,549,094) 0.13 (4,708,553) -3% 20 (3,321) 3.15 1.41% -3.67% -2.78% -8.76% -34.68% 10 2