Income statement Nestle Pakistan

2019 2018 2019 2018

Sales - net 115,962,473 120,701,038 100.00% 100.00%
Cost of goods sold (82,613,501) (81,887,248) -71.24% -67.84%
Gross profit 33,348,972 38,813,790 28.76% 32.16%

Distribution & selling expenses (14,656,501) (15,625,633) -12.64% -12.95%

Administration expenses (3,667,718) (3,108,623) -3.16% -2.58%
Operating profit 15,024,753 20,079,534 12.96% 16.64%

Finance cost (3,187,695) (1,855,789) -2.75% -1.54%

Other expenses (1,390,138) (1,512,112) -1.20% -1.25%
(4,577,833) (3,367,901) -3.95% -2.79%
Other income 268,790 255,308 0.23% 0.21%
Profit before taxation 10,715,710 16,966,941 9.24% 14.06%
Taxation (3,361,243) (5,355,382) -2.90% -4.44%
Profit after taxation 7,354,467 11,511,559 6.34% 9.54%

Statement of financial position Nestle Pakistan

Assets 2019 2018 2019 2018
Non-current assets
Property, plant and equipment 30,333,121 30,363,333 46.47% 45.21%
Capital work-in-progress 3,441,066 3,679,302 5.27% 5.48%
Intangible assets 7,396 15,464 0.01% 0.02%
Long term loans 239,499 305,333 0.37% 0.45%
34,021,082 34,363,432 52.12% 51.17%
Current assets
Stores and spares 2,376,057 1,951,900 3.64% 2.91%
Stock-in-trade 18,876,441 19,711,784 28.92% 29.35%
Trade debts 2,164,888 3,116,948 3.32% 4.64%
Current portion of long term loans 132,045 132,729 0.20% 0.20%
Salex tax refundable 4,599,004 4,552,598 7.05% 6.78%
Advance, prepayments & other receiv. 2,785,138 2,584,926 4.27% 3.85%
Cash and bank balances 318,753 745,694 0.49% 1.11%
31,252,326 32,796,579 47.88% 48.83%
65,273,408 67,160,011 100.00% 100.00%
EQUITY AND LIABILITIES
Issued, subscribed and paid up capital 453,496 453,496 0.69% 0.68%
Share premium 249,527 249,527 0.38% 0.37%
General reserve 280,000 280,000 0.43% 0.42%
Accumulated profit 2,272,943 3,037,201 3.48% 4.52%
3,255,966 4,020,224 4.99% 5.99%
Non-current liabilities
long term finances 3,780,294 9,064,730 5.79% 13.50%
lease liabilities 303,729 217,530 0.47% 0.32%
Deferred taxation 1,960,850 2,443,197 3.00% 3.64%
Retirement benefits 2,777,502 2,098,020 4.26% 3.12%
 8,822,375 13,823,477 13.52% 20.58%
Current liabilites
Current portion of long term liabilites 395,084 420,285 0.61% 0.63%
Short term borrowings 17,217,473 15,242,800 26.38% 22.70%
Running finance 6,141,325 1,418,301 9.41% 2.11%
Customer security deposits 192,724 195,431 0.30% 0.29%
Unclaimed dividend 20,608 20,608 0.03% 0.03%
Trade and other payables 25,782,895 31,745,031 39.50% 47.27%
Interest and mark-up accrued 444,958 273,854 0.68% 0.41%
53,195,067 49,316,310 81.50% 73.43%
65,273,408 67,160,011 100.00% 100.00%
 Income statement Nestle Pakistan
2019 2018
Sales - net 115,962,473 120,701,038 - 4,738,565
Cost of goods sold 82,613,501 81,887,248 726,253
Gross profit 33,348,972 38,813,790 - 5,464,818

Distribution & selling expenses 14,656,501 15,625,633 - 969,132

Administration expenses 3,667,718 3,108,623 559,095
Operating profit 15,024,753 20,079,534 - 5,054,781

Finance cost 3,187,695 1,855,789 1,331,906

Other expenses 1,390,138 1,512,112 - 121,974
4,577,833 3,367,901 1,209,932
Other income 268,790 255,308 13,482
Profit before taxation 10,715,710 16,966,941 - 6,251,231
Taxation 3,361,243 5,355,382 - 1,994,139
Profit after taxation 7,354,467 11,511,559 - 4,157,092

Statement of financial position Nestle Pakistan

Assets 2019 2018
Non-current assets
Property, plant and equipment 30,333,121 30,363,333 - 30,212
Capital work-in-progress 3,441,066 3,679,302 - 238,236
Intangible assets 7,396 15,464 - 8,068
Long term loans 239,499 305,333 - 65,834
34,021,082 34,363,432 - 342,350
Current assets
Stores and spares 2,376,057 1,951,900 424,157
Stock-in-trade 18,876,441 19,711,784 - 835,343
Trade debts 2,164,888 3,116,948 - 952,060
Current portion of long term loans 132,045 132,729 - 684
Salex tax refundable 4,599,004 4,552,598 46,406
Advance, prepayments & other receiv. 2,785,138 2,584,926 200,212
Cash and bank balances 318,753 745,694 - 426,941
31,252,326 32,796,579 - 1,544,253
65,273,408 67,160,011 - 1,886,603
EQUITY AND LIABILITIES
Issued, subscribed and paid up capital 453,496 453,496 -
Share premium 249,527 249,527 -
General reserve 280,000 280,000 -
Accumulated profit 2,272,943 3,037,201 - 764,258
3,255,966 4,020,224 - 764,258
Non-current liabilities
long term finances 3,780,294 9,064,730 - 5,284,436
lease liabilities 303,729 217,530 86,199
Deferred taxation 1,960,850 2,443,197 - 482,347
Retirement benefits 2,777,502 2,098,020 679,482
8,822,375 13,823,477 - 5,001,102
Current liabilites
Current portion of long term liabilites 395,084 420,285 - 25,201
Short term borrowings 17,217,473 15,242,800 1,974,673
Running finance 6,141,325 1,418,301 4,723,024
Customer security deposits 192,724 195,431 - 2,707
Unclaimed dividend 20,608 20,608 -
Trade and other payables 25,782,895 31,745,031 - 5,962,136
Interest and mark-up accrued 444,958 273,854 171,104
53,195,067 49,316,310 3,878,757
65,273,408 67,160,011 - 1,886,603
2019
-3.93%
0.89%
-14.08%

-6.20%
17.99%
-25.17%

71.77%
-8.07%
35.93%
5.28%
-36.84%
-37.24%
-36.11%

2019

-0.10%
-6.48%
-52.17%
-21.56%
-1.00%

21.73%
-4.24%
-30.54%
-0.52%
1.02%
7.75%
-57.25%
-4.71%
-2.81%

0.00%
0.00%
0.00%
-25.16%
-19.01%

-58.30%
 39.63%
-19.74%
32.39%
-36.18%

-6.00%
12.95%
333.01%
-1.39%
0.00%
-18.78%
62.48%
7.87%
-2.81%