Syed Sabtain Naqi

SYED SABTAIN NAQI
MB083068
Table of Content
ABSTRACT.
03
INTRODUCTION..
04
METHODOLOGY
06
RATIOS ANALYSIS
09
COMMON SIZE ANALYSIS.....
37
INDEX ANALYSIS..
65
EARNINGS MANAGEMENT
76
Z- SCORE MODEL..
84
CONCLUSION..
97
ABSTRACT
This project is mainly focused on the analysis of financial statements. The analysis period of this project is four months. Our chosen
industry is sugar sector of Pakistan. Our methodology of doing this project is that we have done ratios analysis, index analysis, common
size analysis z-score, Discretionary Accruals etc) Results (Mgt earnings of the company who is best and who is not doing it, who is
successful). This project duration is almost 1 month. And we choose sugar sector for this analysis which consist of almost of 64
companies but we choose 25 companies to do analysis of their financial statements and we took data of eight years of every company.
First of all we calculated their ratios and interpret all ratios and then we have done common size analysis and compared it with industry
analysis. Then we calculated index analysis and compared it with industry analysis then we did earning management that which
companies can manage their earnings then we calculate their Z- score model to know that which companies are in financial distress.
INTRODUCTION
3
This project is about the Analysis of Financial Statements. In this project we have applied the following methods to calculate and
analyze the companies with the industry.
We have taken 25 companies from sugar industry.
We will calculate the Index analysis, Common size Analysis, Earning management of the company and last but not the least Zscore model.
OBJECTIVES OF THE PROJECT

The main objectives of this project are:
To share the knowledge.
To implement the knowledge practically on the selected area.
To know about the industry with respect to various companies.
SIGNIFICANCE OF THE PROJECT

The significance of this project is that it is a complete and comprehensive report in which we have discussed different ratios their
interpretation. We have calculates the Index and common size of the companies and compares with the industry figures. We have
calculated the earning management of the companies. We have calculated the Z-score and compare it with the standard. This all process
had helped us in applying the theoretical knowledge in to practical. This will help us in the job interviews as well. It
ORGANIZATION OF THE PROJECT
Our Project consists of different analysis and we are three members in a group and we commonly divide all work of project to complete
it on time.
4
THE SELECTED INDUSTRY

We have selected the sugar industry. In this industry there are 64 companies and we choose 25 sugar companies for our analysis of
financial report.
SCOPE OF INDUSTRY
The scope of the industry with respect to the business is not very good in Pakistan because there are unstable government policies that
are implemented. There is an inconsistency
in
the
economic
policies.
METHODLOGY
POPULATION
The population of companies in sugar sector is 64.
SAMPLES
The sample size consists of 25 sugar companies.
DATA ANALYSIS TECHNIQUES
RATIO ANALYSIS
Ratio Analysis is a form of Financial Statement Analysis that is used to obtain a quick indication of a firm's
financial performance in several key areas. The ratios are categorized as Short-term Solvency Ratios, Debt
Management Ratios, Asset Management Ratios, Profitability Ratios, and Market Value Ratios. Ratio Analysis
as a tool possesses several important features. The data, which are provided by financial statements, are
readily available. The computation of ratios facilitates the comparison of firms which differ in size. Ratios can
be used to compare a firm's financial performance with industry averages. In addition, ratios can be used in
a form of trend analysis to identify areas where performance has improved or deteriorated over time.
WHAT ARE THE RATIOS?

TABLE OF RATIOS
LIQUIDITY RATIOS:
Current Ratios
Quick Ratio
Absolute Quick Ratio
PROFITABILITY RATIO:
Net Profit Margin
Gross Profit Margin
Operating Profit Ratio
Operating Expense Ratio
Return on Equity
Return on Capital
Return on Assets
Time Interest Earned
ACTIVITY RATIOS
T. Assets Turnover Ratio
Debtor Turnover Ratio
Avg Debtor
Debtor Turn Over in days
Creditor Turnover Ratio
Creditor Turnover in days
Inventory Turnover Ratio
Inventory Turnover in days
Operating Cycle
Cash Cycle
DEBT RATIO
Debt to Equity Ratio
Long term debt to Total Assets
FORMULA
Current assets/Current liabilities
(C.A - Inventory)/Current Liability
(Quick Ratio A/R)/Current Liability
NP/Sales
GP/Sales
Operating Profit/Sales
Operating Expenses/Sales
Net Income/Sh. Holder Equity
NI/(Total Assets- Current liability)
(NI +Interest)/ Tt. Assets
EBIT/Interest
Tt. Sales/Tt. Assets
Cr Sales/Avg Debtor
(Opening + Closing)/2
360/DTO
(CGS or Cr. Purchase)/Avg. Debtor
360/CTO
CGS/Avg. Inventory
360/ITO
ITO in days + DTO in days
OC CTO in days
Long term debt/Sh. Holder Equity
LT debt/T. Assets
7
Long term debt to Capital Employed
LT debt/(Sh. Holder Equity + LT debt)
COMMON SIZE ANALYSIS

A technique of analysis of financial statement in which each item of income statement is taken as a percentage of sales and each item of
balance sheet is taken as a percentage of total assets. The values on the common size statement are expressed as percentages of a
statement component such as revenue. While most firms don't report their statements in common size,
It is beneficial to compute if you want to analyze two or more companies of differing size against each other. Formatting financial
statements in this way reduces the bias that can occur when analyzing companies of differing sizes. It also allows for the analysis of a
company over various time periods, revealing, for example, what percentage of sales is cost of goods sold and how that value has
changed over time.
INDEX ANALYSIS
Index analysis is a technique of analysis of financial in which data of different years of a company is taken and consider one year as a
bench mark and data of every year is taken as a percentage of bench mark year. Benchmark mark may be any other company which
performs best in its industry.
EARNINGS MANAGEMENT
Earnings management is a strategy used by the management of a company to deliberately manipulate the company's earnings so that the
figures match a pre-determined target. This practice is carried out for the purpose of income smoothing. Thus, rather than having years of
exceptionally good or bad earnings, companies will try to keep the figures relatively stable by adding and removing cash from reserve
accounts
8
Z- SCORE MODEL
A Z-Score is a statistical measure which tells that which companies are performing well and which companies are in financial distress.
RESULTS AND DISCUSSION
10
Sugar Sector whole

(Million
Rupees)
Items
Items
2002
1.Gearing ratio (A7 as % of A8)
2.Current ratio (B4 as % of B5)
3.Acid test or Quick ratio (B4-B3 as % B5)
4.Debt equity ratio (B6 as % of A3)
5.Return on assets (D7 as % of C4)
6.Self financing ratio (E2 as % of E1)
7.Cash flow ratio F1 as % of F2
8.Shareholders equity as % of ordinary share capital (A3 as % of
A1)
9.Overhead and other expenses as % of gross sales (D4 as % D1)
10.Financial expenses as % of operating profit (D6 as % of D5)
11.Financial expense as % of gross sales (D6 as % of D1)
12.Financial expenses as % of contractual liabilities (D6 as % B8)
13.Tax provision as % of net pre-tax profit (D8 as % of D7)
14.Sundry debtors as % of gross sales
15.Return on Equity (D7 as % of A3)
2003
2004
2005
2006
2007
44.7
71.3
71.3
351.6
-1.5
50.
70.7
42.6
402.4
-.8
-69.1
23.7
53.
80.1
55.6
367.6
1.6
4.2
24.3
44.8
80.4
55.7
311.2
4.6
31.7
49.8
43.
79.1
53.4
303.
2.3
21.1
47.5
45.
78.4
50.9
341.5
-.8
-117.9
43.7
137.4
96.7
124.7
6.4
16.1
135.3
98.3
119.2
4.5
10.4
179.5
97.
64.2
3.3
6.3
38.6
1.9
7.5
226.7
93.
38.6
3.4
6.3
22.4
3.1
19.
258.7
94.7
67.9
4.8
10.5
27.3
2.
9.4
230.
99.1
116.1
6.9
12.
-59.
3.
-3.6
2.7
-6.6
2.
-3.9
11
(Million
Rupees)
Adam Sugar Mills Ltd.

Items
2002
G.Operating Financial & Investment Ratios:
A1)
2003
24.1
87.5
87.5
346.9
8.7
160.1
143.2
227.8
92.
41.5
3.4
15.8
9.
22.1
39.
2004
2005
2006
2007
19.7
60.4
54.7
437.1
1.1
27.1
72.
65.5
411.1
7.
77.4
77.4
19.
75.4
22.8
352.3
3.6
272.1
149.6
2.8
82.2
23.7
79.4
3.6
8.5
15.4
5.5
55.9
18.3
180.9
-15.1
74.4
69.3
158.2
97.7
78.
2.3
27.2
64.8
0.0
5.9
210.2
91.4
25.7
2.4
9.2
6.7
19.7
36.
243.1
92.8
47.8
3.4
14.3
7.4
0.0
16.4
1,123.3
99.5
42.2
3.4
16.2
0.0
.3
6.5
704.7
124.6
-17.6
4.3
10.
-1.5
0.0
-42.5
12
(Million
Rupees)
Al-Abbas Sugar Mills Ltd.

Items
2002
A1)
2003
22.
87.5
87.5
176.3
-.7
234.4
302.3
99.5
116.9
5.3
9.7
4.4
-2.1
2004
2005
37.6
85.2
31.
211.1
5.6
43.5
62.5
25.8
92.1
35.8
184.
11.7
198.9
150.5
281.9
89.4
39.9
4.3
8.3
7.1
.3
17.6
366.
83.3
13.
2.2
10.7
3.2
.5
33.3
2006
2007
0.0
84.
25.2
128.3
4.2
12.5
89.5
23.9
157.3
1.9
216.3
113.8
2.5
91.6
49.8
101.8
11.8
-7,995.
364.1
424.1
94.9
34.2
2.
12.2
12.3
.4
9.6
375.7
96.1
69.6
2.9
11.6
37.
1.7
4.8
417.6
96.8
32.6
2.9
22.5
7.7
4.3
23.9
13
Al-Asif Sugar Mills Ltd.
(Million
Rupees)
Items
2002
A1)
2003
13.4
13.4
-7.8
-483.1
102.
-454.5
118.8
.5
.1
0.0
2.6
0.0
32.
20.8
6.5
12.2
-
.6
.3
-
2006
13.9
13.9
-
12.5
7.6
10.6
-411.8
131.
2005
815.5
21.1
20.6
11.2
11.1
-29.3
2004
-1.9
-456.4
178.9
.1
.1
0.0
-
2007
0.0
9.7
9.7
0.0
-6.5
24.8
11.1
0.0
6.3
6.3
0.0
-5.7
110.4
159.5
-474.2
133.3
-.3
.1
0.0
-1.5
0.0
0.0
-490.7
121.
-.4
.1
3.3
-1.9
0.0
0.0
14
(Million
Rupees)
Al-Noor Sugar Mills Ltd.

Items
2002
A1)
2003
47.1
72.2
72.2
498.8
-7.4
150.9
100.4
635.2
12.2
12.4
-
2004
19.7
52.5
28.1
193.6
-4.8
-28.2
1.3
25.4
66.
49.5
155.2
.8
4.3
41.5
399.8
99.4
1,017.5
7.8
12.8
444.3
93.3
86.6
5.9
12.1
51.9
.2
1.9
2.7
-44.5
2005
1.2
-14.1
2006
21.5
64.5
46.3
166.2
4.6
2007
386.2
13.6
59.7
36.8
124.6
8.8
907.6
216.9
31.3
75.4
38.7
169.5
1.7
-1.6
35.8
443.8
89.4
51.9
5.6
12.5
9.1
5.2
12.1
497.
90.3
40.8
4.1
19.4
7.8
1.4
19.7
433.8
92.8
80.4
6.
20.7
32.2
5.3
4.6
15
(Million
Rupees)
Ansari Sugar Mills Ltd.

Items
2002
A1)
2003
68.8
30.2
30.2
1,217.2
-10.
96.6
52.6
21.9
5,012.9
-5.5
-18.4
-4.5
36.6
109.1
8.9
100.
15,425.
5.4
7.5
8.
15.3
-
.8
-131.1
2004
2005
114.
51.1
36.
106.5
39.5
31.8
-
-8.1
-
-3.5
-
-30.4
103.9
-
-12.1
103.1
-
5.2
6.7
-
.5
-282.5
1.4
2.
-
.6
-
2006
0.0
-
2007
85.5
60.9
39.9
1,403.8
11.8
191.1
154.8
100.7
50.3
34.4
0.0
-6.8
65.3
46.5
31.3
90.6
9.1
.9
2.
5.
.4
176.9
-1.2
103.9
-21.7
.8
1.9
-9.5
5.1
0.0
16
(Million
Rupees)
Baba Farid Sugar Mills Ltd.

Items
2002
A1)
2003
82.5
72.6
72.6
1,673.4
6.1
87.4
74.1
56.7
1,739.9
-.3
-18.6
28.6
26.2
94.1
70.1
4.8
23.2
12.2
0.0
108.9
2004
22.
95.5
102.9
5.8
17.9
-
2005
112.1
89.8
52.1
105.
94.6
56.3
-
-8.8
1.5
48.
66.8
-425.7
-21.3
102.4
-9.7
88.6
85.7
10.9
11.6
26.6
0.0
10.3
11.4
-
0.0
-5.8
.6
-
2006
2007
61.5
79.2
38.6
856.1
-2.6
-73.9
-30.3
187.6
67.8
21.3
0.0
-14.6
101.8
102.
89.2
93.9
133.5
8.7
16.7
-21.2
.2
-24.7
-73.5
107.3
-227.5
16.4
12.5
-2.3
.2
0.0
17
(Million
Rupees)
Bawany Sugar Mills Ltd.

Items
2002
A1)
2003
32.6
32.6
20.4
27.1
-
-5.6
-13.6
-.5
-8.1
-12.1
-3.8
-718.3
101.9
9,075.
10.7
20.6
-718.6
110.9
186.6
8.2
11.9
-804.5
141.4
3.7
33.3
33.3
-14.9
18.8
2006
24.6
24.3
-509.7
132.
2005
19.6
19.5
-40.4
2004
8.7
1.9
-
0.0
-
0.0
-
2007
0.0
18.6
18.6
0.0
-8.6
15.1
4.5
0.0
25.7
25.7
0.0
-12.6
-17.2
-7.5
-842.2
128.5
-46.4
5.7
2.4
-2.5
0.0
0.0
-891.2
123.6
-.5
.1
0.0
-2.2
31.8
0.0
18
(Million
Rupees)
Chashma Sugar Mills Ltd.

Items
2002
A1)
2003
.1
164.6
164.6
30.4
19.8
109.
105.4
251.8
90.6
15.9
1.5
1,300.
0.0
4.9
25.8
2004
2005
2006
2007
.1
109.1
24.4
132.5
-4.2
36.6
106.1
59.4
118.
3.3
7.8
18.
41.3
75.
56.7
169.4
9.6
68.8
79.6
72.
90.1
51.8
399.2
-2.4
-7.8
2.9
88.1
65.4
17.9
2,603.4
-10.9
58.8
43.5
228.
104.3
239.
97.1
34.3
1.1
5.4
33.1
2.1
7.3
279.7
87.3
24.2
3.1
6.
5.4
4.6
25.8
253.5
99.1
307.5
6.3
4.9
-10.3
4.3
-12.
66.9
106.8
-201.3
13.3
8.3
-2.2
7.9
-294.9
2.4
3.1
6.7
-9.8
19
(Million
Rupees)
Crescent Sugar Mills And Distillery Ltd.

Items
2002
A1)
2003
2004
2005
2006
2007
9.
151.4
151.4
77.4
8.6
6.9
35.1
16.6
118.4
71.
147.6
-2.1
-40.
.5
15.
116.5
68.2
180.
-3.8
-106.7
-12.
8.8
129.7
94.2
117.9
8.7
263.
171.
23.5
103.3
72.8
203.7
-2.3
43.9
-12.7
11.7
131.9
101.2
135.
1.1
2.4
18.4
204.5
94.4
42.6
3.
47.6
44.4
1.
15.3
218.4
101.4
173.3
4.2
18.5
247.4
102.5
282.7
95.6
35.7
2.4
13.8
7.7
2.3
18.9
180.2
98.5
149.8
3.6
15.2
-40.4
2.5
-6.9
288.9
100.5
84.1
3.6
14.5
71.3
3.1
2.7
2.1
7.1
-
1.6
-5.2
2.5
-10.6
20
(Million
Rupees)
Dewan Sugar Mills Ltd.

Items
2002
A1)
2003
2004
2005
2006
2007
50.9
87.8
87.8
950.
-8.3
66.
109.6
83.1
703.8
-2.8
-28.5
-10.7
42.1
82.3
45.6
302.2
1.7
5.1
12.4
39.5
84.7
43.7
392.7
.9
8.3
39.8
24.1
67.
54.1
262.4
1.9
26.2
54.1
13.5
61.9
45.2
329.9
-5.
57.9
15.2
127.1
103.6
157.9
101.7
187.4
7.6
11.4
583.4
89.1
50.9
8.7
4.3
29.1
9.8
6.7
367.2
96.3
61.8
2.8
3.
45.8
4.8
4.3
531.1
95.1
63.6
3.2
9.1
32.7
2.6
6.8
450.4
100.1
3,083.1
7.5
13.7
-7.5
4.4
-21.4
18.1
14.8
-
1.4
-87.5
3.3
-22.3
21
(Million
Rupees)
Faran Sugar Mills Ltd.

Items
2002
A1)
2003
6.2
73.7
73.7
408.7
-10.3
2004
21.5
66.
46.6
333.3
4.1
48.4
64.5
17.8
84.3
44.4
268.8
17.6
143.3
132.9
27.7
77.5
56.
317.8
1.9
443.5
126.
46.1
102.6
89.5
95.9
15.4
1.
10.1
8.5
0.0
55.4
105.
96.6
37.
1.6
14.1
16.1
0.0
17.9
148.8
91.8
22.7
1.9
28.8
6.7
.4
64.8
131.8
98.1
58.8
1.4
24.2
48.5
2.
8.
2.1
23.4
-
3.5
-52.3
2007
41.
53.5
34.5
614.6
7.7
186.6
150.
14.3
13.8
2006
63.8
40.3
35.9
1,128.2
-7.9
-
189.5
110.
2005
3.5
-97.4
22
(Million
Rupees)
Fecto Sugar Mills Ltd.

Items
2002
A1)
2003
1,106.3
32.9
32.9
98.1
24.7
20.2
34,015.9
-12.8
-92.5
-57.
.6
-480.1
91.7
94.9
9.
15.8
93.
0.0
-
2004
113.3
44.7
44.7
-
106.
41.8
21.5
2.2
239.8
-134.8
102.9
-57.9
88.8
75.8
9.1
11.1
16.2
0.0
11.1
12.3
7.3
6.1
-
.2
-4,375.
0.0
-
2006
-4.8
-30.9
-5.6
8.7
113.8
-
2005
2007
78.
35.4
12.8
1,714.2
-4.9
1,081.1
-77.3
105.
32.8
10.4
0.0
-11.7
97.8
96.7
208.9
99.2
664.6
10.9
13.1
-5.1
0.0
-88.1
-8.6
112.2
-101.2
11.2
15.6
-2.1
0.0
0.0
23
(Million
Rupees)
Habib - ADM Ltd.( Habib Arkady LTD.)

Items
2002
A1)
2003
2004
2005
2006
2007
0.0
197.5
197.5
42.6
23.1
137.1
121.5
0.0
229.1
156.9
31.2
7.3
166.7
110.3
0.0
161.7
95.7
47.7
3.7
133.6
112.3
0.0
203.9
137.6
33.3
5.6
81.6
89.1
0.0
234.4
155.4
29.3
7.8
152.6
123.1
0.0
353.1
240.3
13.9
20.3
90.9
93.
160.5
82.
5.1
.9
6.9
0.0
17.1
32.9
162.3
109.2
9.4
.9
5.8
16.1
28.1
9.6
167.7
96.2
18.6
.9
3.1
22.3
0.0
5.5
179.6
93.1
22.9
1.6
8.9
27.8
22.9
7.5
186.3
91.6
20.9
1.8
13.1
13.6
20.
10.
223.6
85.5
6.1
.9
21.7
11.2
10.8
23.1
24
(Million
Rupees)
Habib Sugar Mills Ltd.

Items
2002
A1)
2003
0.0
172.2
172.2
57.7
.7
-20.4
61.3
531.8
99.5
74.4
1.8
13.1
156.3
6.5
1.1
2004
0.0
137.4
88.7
86.6
3.9
2005
2006
2007
258.1
0.0
151.3
110.3
69.6
9.9
47.5
58.6
0.0
119.8
72.9
128.3
10.3
0.0
0.0
0.0
213.5
163.2
53.3
10.9
25.2
31.8
0.0
235.4
194.7
48.5
8.7
36.3
44.5
519.5
100.8
7.7
.5
1.7
0.0
17.7
7.3
658.7
92.1
6.9
.6
5.3
22.
6.6
16.8
546.
96.1
12.9
1.
10.
24.1
4.9
23.4
723.7
93.6
15.8
1.2
14.5
26.1
4.4
16.7
687.4
93.1
8.
.8
4.5
18.5
7.1
12.9
25
(Million
Rupees)
Haseeb Waqas Sugar Mills Ltd.

Items
2002
A1)
2003
24.
94.4
94.4
115.2
4.7
297.4
250.3
87.5
64.6
8.1
19.8
9.8
0.0
10.1
2004
21.
67.5
22.8
199.7
-.8
184.2
93.8
114.9
7.2
13.9
0.0
-2.5
2005
22.9
70.7
29.5
140.4
1.5
20.9
58.7
196.4
95.4
73.7
3.4
11.6
36.1
0.0
3.6
2006
10.7
55.9
30.8
83.3
10.6
2007
1,051.6
5.8
59.2
30.4
186.3
-7.
55.9
38.6
0.0
52.3
15.8
269.2
-8.6
97.3
95.4
214.7
88.3
27.5
3.3
17.8
26.8
0.0
19.5
165.5
102.6
-303.
7.4
14.
-8.1
0.0
-20.1
131.3
103.
-400.7
10.7
14.5
-3.2
.1
-31.9
26
(Million
Rupees)
Husein Sugar Mills Ltd.

Items
2002
A1)
2003
0.0
229.1
229.1
24.4
48.1
99.
99.2
262.1
83.9
15.
2.5
0.0
.3
59.8
2004
0.0
122.3
34.7
106.9
10.1
2005
2006
2007
371.4
.2
170.8
108.2
48.1
17.1
109.8
106.2
8.
172.5
96.3
52.4
26.
69.6
76.3
6.6
120.5
38.5
101.9
3.1
-76.6
-2,095.2
2.6
110.4
42.5
102.9
-9.4
134.9
219.9
251.7
91.3
16.9
1.7
6.
37.3
0.0
20.8
299.3
93.
7.9
.6
710.
30.1
.1
25.3
384.1
87.1
5.6
.8
20.8
30.
0.0
39.7
334.3
95.2
58.4
3.1
12.5
20.3
0.0
6.2
302.7
103.
-154.3
2.8
15.
-9.5
1.8
-19.2
27
(Million
Rupees)
JDW Sugar Mills Ltd.

Items
2002
A1)
2003
2004
2005
2006
2007
11.6
27.7
27.7
275.9
2.4
49.3
84.7
84.7
216.2
12.7
31.
38.1
62.
136.5
133.
328.1
10.8
29.1
35.
58.9
89.6
89.6
271.9
10.
35.7
44.8
66.5
124.8
124.8
340.5
5.5
16.
26.3
66.6
111.9
102.
499.3
.8
51.
81.9
127.3
90.7
80.5
7.5
24.9
23.9
.2
9.1
191.7
87.
37.1
4.8
13.4
5.2
.9
40.1
284.
83.5
20.3
3.4
4.4
3.5
6.1
46.4
431.9
83.4
32.1
5.4
7.5
3.8
2.4
37.4
451.7
87.9
63.3
7.6
18.3
9.9
2.6
24.4
383.2
89.4
92.3
11.4
13.5
0.0
5.8
4.8
28
(Million
Rupees)
Khairpur Sugar Mills Ltd.

Items
2002
A1)
2003
171.8
25.
21.1
9.3
9.3
-
21.2
37.
41.8
-221.8
101.6
-143.7
96.5
4.8
.8
1.
1.3
.1
6.8
8.8
.1
-
2005
78.6
21.6
19.5
666.3
-8.6
-31.2
-5.7
-10.5
2004
88.4
26.2
16.7
2,231.3
-1.8
19.7
-48.3
103.1
34.
32.3
0.0
-6.1
-27.4
-4.5
47.2
107.8
26.9
101.1
-115.1
1.2
2.4
-20.
0.0
-42.9
-11.5
104.5
-32.
1.4
2.
-7.5
0.0
0.0
1.
1.1
.9
1.2
-
.1
-66.
2007
84.4
25.5
24.1
1,198.4
-5.3
-
80.5
113.3
-
2006
.1
-68.3
29
(Million
Rupees)
Kohinoor Sugar Mills Ltd.

Items
2002
A1)
2003
2004
8.1
67.9
67.9
63.2
6.1
14.5
23.2
19.9
79.4
46.
85.8
-3.3
-84.5
-18.1
533.9
91.1
52.3
5.2
26.9
9.1
0.0
9.9
499.3
100.4
2.9
8.3
0.0
-6.1
2005
2006
2007
6.6
64.
37.8
79.8
3.6
16.2
84.5
59.9
68.9
9.2
54.7
65.6
30.5
67.1
29.8
119.7
2.2
3.9
10.5
43.
45.8
22.9
199.
-7.4
698.
-636.6
529.4
94.1
45.
2.8
9.
0.0
.5
6.5
573.6
92.
19.7
2.1
8.4
16.
0.0
15.6
813.7
92.
58.4
5.
7.5
12.5
.4
4.8
569.9
112.3
-76.3
7.9
7.6
-2.8
.6
-22.1
30
(Million
Rupees)
Mehran Sugar Mills Ltd.

Items
2002
A1)
2003
2.3
75.9
75.9
108.2
-16.2
2004
0.0
80.9
42.3
137.
-.3
128.4
298.3
108.6
293.7
98.5
114.7
1.9
18.3
4.1
31.7
-
3.5
-33.8
3.7
-.8
2005
31.7
85.4
33.5
321.
3.2
64.4
79.7
229.5
102.4
28.1
1.5
5.7
11.8
2.2
13.5
2006
2007
30.5
70.6
35.8
396.9
.6
17.8
78.2
51.6
250.5
12.3
218.4
165.4
56.2
69.8
45.7
544.9
-14.5
1,300.
-326.9
168.6
97.7
86.3
2.7
14.2
119.1
1.3
2.8
233.5
93.8
32.2
2.1
18.3
9.9
0.0
43.
120.3
103.6
-109.7
3.9
20.
-5.9
2.1
-93.3
31
(Million
Rupees)
Mirpurkhas Sugar Mills Ltd.

Items
2002
A1)
2003
117.4
49.5
49.5
-25.2
-3.3
125.
-
2006
2007
57.7
112.1
68.9
510.5
-3.1
-34.8
-15.9
42.7
146.6
100.5
222.2
10.8
77.2
79.7
22.2
135.8
74.5
164.5
19.8
1,972.9
781.1
8.1
98.8
68.9
179.7
-5.
44.3
33.6
98.6
102.1
253.7
104.7
456.7
89.5
25.5
3.9
10.9
4.7
.4
34.9
631.9
86.4
20.7
3.5
11.9
3.7
0.0
52.4
561.8
99.4
638.3
4.6
13.8
-12.1
.4
-14.1
9.
14.5
0.0
2005
78.
99.8
71.4
917.8
-9.3
-23.2
-16.
12.5
13.6
2004
5.4
8.
-
.3
-94.8
0.0
-19.1
32
(Million
Rupees)
Mirza Sugar Mills Ltd.

Items
2002
A1)
2003
309.8
18.7
18.7
497.3
21.3
16.9
-
-22.3
-
15.5
8.1
-
-431.8
133.4
-
13.4
7.6
-
0.0
-
-24.5
-
-460.5
118.9
11.
7.6
0.0
25.9
6.7
-30.7
-370.5
106.9
15.8
5.1
-
.1
-
2006
18.
8.
2005
-20.4
-310.9
115.8
2004
.1
-
2007
0.0
6.1
5.9
0.0
-5.8
8.6
-3.2
0.0
6.6
5.7
0.0
-15.3
54.2
33.7
-554.3
98.3
261.8
4.5
3.9
-15.7
0.0
0.0
-588.7
105.6
-90.2
3.8
5.3
-5.6
1.5
0.0
33
(Million
Rupees)
Noon Sugar Mills Ltd.

Items
2002
A1)
2003
2004
2005
2006
2007
.8
205.
205.
22.4
18.5
116.5
110.6
2.9
271.1
127.1
22.2
13.8
66.7
80.9
2.6
218.4
162.2
29.5
14.7
501.4
220.1
1.3
216.7
184.5
27.3
11.6
23.8
33.1
30.3
130.7
48.1
89.1
4.3
20.4
30.3
27.
85.2
28.
121.1
-2.8
79.5
44.3
1,129.
86.6
10.1
1.4
54.6
15.2
1.3
22.7
1,231.5
90.5
4.5
.5
13.1
28.9
2.1
16.8
1,275.4
90.1
3.8
.4
13.4
16.8
3.7
19.
909.8
88.4
2.
.3
9.7
25.4
2.8
14.8
872.1
100.6
24.3
2.6
3.6
5.6
2.4
8.2
717.1
101.3
-542.1
4.2
5.1
-9.
.9
-6.2
34
(Million
Rupees)
Pangrio Sugar Mills Ltd.

Items
2002
A1)
2003
6.6
6.6
7.2
9.6
-19.8
-340.1
-133.3
-497.8
112.4
-640.
145.1
-
3.1
29.6
-
.4
-
-23.7
5.1
7.6
.6
22.4
3.5
-420.
106.5
1.6
1.5
-
0.0
-
2006
10.7
3.8
-16.5
-363.1
112.6
2005
11.
4.6
-27.3
2004
75.7
-
2007
0.0
4.8
4.8
0.0
6.
-18.7
-91.3
0.0
6.5
5.
0.0
-13.9
33.3
19.4
-602.7
97.6
29.7
.7
2.2
27.3
0.0
0.0
-632.8
106.5
-3.4
.2
.9
-8.3
.3
0.0
35
(Million
Rupees)
Sakrand Sugar Mills Ltd.

Items
2002
8.Shareholders equity as % of ordinary share capital
(A3 as % of A1)
9.Overhead and other expenses as % of gross sales
(D4 as % D1)
10.Financial expenses as % of operating profit (D6 as
% of D5)
11.Financial expense as % of gross sales (D6 as % of
D1)
12.Financial expenses as % of contractual liabilities
(D6 as % B8)
13.Tax provision as % of net pre-tax profit (D8 as %
of D7)
2003
106.1
50.
50.
-
121.2
37.4
28.7
-
-9.2
-
2005
121.2
37.4
28.7
-
-8.3
-
2006
485.8
14.4
10.5
-
-8.3
-87.9
-2.2
-
2007
162.9
34.4
21.4
0.0
4.5
14.5
25.8
518.2
23.1
14.9
0.0
-14.4
55.3
46.7
2008
2009
532.57
19.86
10.37
-
616.14
16.7
6.88
-
-5.56
-
-5.5
-87.9
-17.7
-53.5
-53.5
-91.5
-83.1
-137.8
-143.34
-163.16
113.6
101.5
101.5
100.5
91.7
106.9
100.72
100.82
176.7
52.4
-51.7
12.6
7.2
7.2
7.
4.4
3.5
2.8
1.78
8.7
7.9
7.9
9.5
5.9
5.8
5.54
4.92
.6
10.9
.1
0.0
-4.3
2.1
0.0
.1
2004
.1
.1
1.8
2.2
-
36
Company Ratio Analysis w.r.t Industry:

The above ratios as shown in tables are ratios of 25 companies in sugar industry while ratio of industry average are also given in the 1 st
table and we have evaluated the performance of each company with respect to company and we came to know that some companies are
performing above average industry while some companies are performing below average industry so the companies which are
performing above average should come to the level to industry as they are using more their resources while the companies which are
performing below industry level they should come to the level of industry level. The following are the benchmark for companies to be
follow in sugar industry.
(Million
Rupees)
Items
Items
2002
8.Shareholders equity as % of ordinary share capital
2003
44.7
71.3
71.3
351.6
-1.5
137.4
96.7
124.7
6.4
16.1
-
2004
50.
70.7
42.6
402.4
-.8
-69.1
23.7
135.3
98.3
119.2
4.5
10.4
2.7
-6.6
2.
-3.9
2005
53.
80.1
55.6
367.6
1.6
4.2
24.3
179.5
97.
64.2
3.3
6.3
38.6
1.9
7.5
2006
44.8
80.4
55.7
311.2
4.6
31.7
49.8
226.7
93.
38.6
3.4
6.3
22.4
3.1
19.
2007
43.
79.1
53.4
303.
2.3
21.1
47.5
258.7
94.7
67.9
4.8
10.5
27.3
2.
9.4
45.
78.4
50.9
341.5
-.8
-117.9
43.7
230.
99.1
116.1
6.9
12.
-59.
3.
-3.6
The companies which are performing below industry benchmark they should maintain their level up to industry. The companies which
are performing above industry level they should come to this benchmark of industry level because if they maintain like this, they are
wasting their resources.
37
38
S u g a r S e c to r
Ite m s
A .C a p ita l S tru c tu r e :
O r d in a r y S h a r e C a p it a l
S u r p lu s
S h a r e h o ld e r 's E q u it y ( A 1 + A 2 )
P re fre n c e S h a re s
D e b e n tu re s
O t h e r F ix e d L ia b ilit ie s
T o t a l F ix e d L ia b ilit ie s ( A 4 + A 5 + A 6 )
T o t a l C a p it a l E m p lo y e d ( A 3 + A 7 )
B .L iq u id ity :
L iq u id A s s e t s :
(i)C a s h
( i i) I n v e s t m e n t s
O th e r C u rre n t A s s e ts
I n v e n t o r ie s
C u rre n t A s s e ts (B 1 + B 2 + B 3 )
C u r r e n t L ia b ilit ie s
T o t a l L ia b ilit ie s ( A 7 + B 5 )
N e t C u rre n t A s s e ts (B 4 -B 5 )
C o n t r a c t u a l L ia b ilit ie s
N e t liq u id a s s e t s ( B 1 - B 5 )
C .F ix e d A s s e ts :
F ix e d A s s e t A t C o s t
F ix e d a s s e t s a f t e r d e d u c t in g a c c u m
D e p r e c i a t io n f o r t h e y e a r
T o ta l a s s e ts (B 4 + C 2 )
D .O p e ra tio n :
G r o s s s a le s
( i ) L o c a l s a le s
( i i) E x p o r t s a le s
C o s t o f S a le s
G r o s s p r o f it
O v e rh e a d a n d O th e r E x p e n s e s
O p e r a t in g p r o f it
F in a n c ia l e x p e n s e s
N e t p r o f it b e f o r e t a x ( D 5 - D 6 )
T a x p r o v is io n
T o t a l a m o u n t o f d iv id e n d
2002
2003
2004
5 ,0 4 0 .6
1 ,8 8 5 .
6 ,9 2 5 .6
5.
9 9 8 .4
4 ,5 9 0 .
5 ,5 9 3 .4
1 2 ,5 1 9 .
5 ,0 4 5 .6
1 ,7 8 2 .8
6 ,8 2 8 .4
0 .0
7 1 6 .2
6 ,1 0 5 .9
6 ,8 2 2 .1
1 3 ,6 5 0 .5
5 ,0 0 2 .5
3 ,9 7 4 .8
8 ,9 7 7 .3
0 .0
5 0 1 .5
9 ,6 0 2 .3
1 0 ,1 0 3 .8
1 9 ,0 8 1 .1
Com m on size A nalysis
M illio n R s .
2005
2006
5 ,8 9 2 .8
7 ,1 3 7 .4
1 3 ,0 3 0 .2
1 5 2 .1
1 2 8 .8
1 0 ,8 0 9 .2
1 1 ,0 9 0 .1
2 4 ,1 2 0 .3
6 ,2 0 6 .5
9 ,5 1 3 .1
1 5 ,7 1 9 .6
0 .0
1 2 .5
1 2 ,3 3 4 .6
1 2 ,3 4 7 .1
2 8 ,0 6 6 .7
2007
2008
2009
2002
2003
2004
2005
2006
2007
2008
2009
6 ,9 4 3 .
9 ,0 5 7 .
1 6 ,0 0 0 .
0 .0
0 .0
1 3 ,0 7 5 .1
1 3 ,0 7 5 .1
2 9 ,0 7 5 .1
7 ,3 3 4 .3
9 ,8 8 5 .1
1 7 ,2 1 9 .4
0 .0
0 .0
1 4 ,1 1 9 .2
1 4 ,1 1 9 .2
3 1 ,3 3 8 .6
8 ,4 9 5 .3
1 3 ,7 0 3 .8
2 2 ,1 9 9 .1
.5
9 8 8 .3
1 2 ,2 8 6 .5
1 3 ,2 7 5 .3
3 5 ,4 7 4 .4
1 4 .7
5 .2
1 9 .9
0 .0
2 .1
1 7 .8
1 9 .9
3 9 .8
0 .0
7 .9
2 .4
5 .5
1 7 .8
1 6 .9
4 2 .5
6 0 .2
8 0 .1
-1 7 .7
4 6 .1
-5 2 .4
0 .0
1 0 1 .2
5 7 .5
4 .0
1 0 0 .0
1 1 .9
9 .5
2 1 .4
0 .0
1 .2
2 2 .9
2 4 .1
4 5 .5
0 .0
1 2 .3
3 .2
9 .1
1 8 .0
1 3 .4
4 3 .7
5 4 .5
7 8 .6
-1 0 .9
4 5 .8
-4 2 .2
0 .0
8 9 .6
5 6 .3
3 .4
1 0 0 .0
1 0 .7
1 3 .0
2 3 .8
0 .3
0 .2
1 9 .7
2 0 .2
4 4 .0
0 .0
1 4 .5
3 .9
1 0 .6
1 6 .6
1 3 .8
4 5 .0
5 6 .0
7 6 .2
-1 1 .0
4 6 .7
-4 1 .5
0 .0
8 7 .9
5 5 .0
3 .3
1 0 0 .0
9 .6
1 4 .7
2 4 .3
0 .0
0 .0
1 9 .1
1 9 .1
4 3 .5
0 .0
1 3 .4
3 .7
9 .7
1 6 .8
1 4 .4
4 4 .6
5 6 .5
7 5 .7
-1 1 .9
4 7 .4
-4 3 .1
0 .0
8 6 .2
5 5 .4
3 .1
1 0 0 .0
9 .8
1 2 .8
2 2 .6
0 .0
0 .0
1 8 .5
1 8 .5
4 1 .2
0 .0
1 1 .9
3 .6
8 .3
1 8 .1
1 6 .2
4 6 .1
5 8 .8
7 7 .4
-1 2 .7
4 9 .4
-4 6 .9
0 .0
8 4 .8
5 3 .9
4 .0
1 0 0 .0
8 .8
1 1 .9
2 0 .8
0 .0
0 .0
1 7 .0
1 7 .0
3 7 .8
0 .0
7 .8
2 .6
5 .1
1 9 .2
1 7 .1
4 4 .1
6 2 .2
7 9 .2
-1 8 .1
4 3 .9
-5 4 .4
0 .0
8 4 .3
5 5 .9
3 .2
1 0 0 .0
9 .6
1 5 .5
2 5 .2
0 .0
1 .1
1 3 .9
1 5 .1
4 0 .3
0 .0
8 .8
3 .1
5 .7
1 6 .6
1 5 .2
4 0 .6
5 9 .7
7 4 .8
-1 9 .1
4 1 .6
-5 1 .0
0 .0
8 9 .0
5 9 .4
3 .5
1 0 0 .0
1 0 0 .0
9 6 .4
3 .6
9 3 .8
6 .2
9 8 .3
3 .8
4 .5
-0 .7
0 .8
0 .6
1 0 0 .0
9 2 .0
8 .0
9 2 .3
7 .7
9 7 .0
5 .1
3 .3
1 .8
0 .7
0 .5
1 0 0 .0
9 0 .4
9 .6
8 8 .3
1 1 .7
9 3 .0
8 .7
3 .4
5 .3
1 .2
0 .8
1 0 0 .0
9 3 .7
6 .3
9 0 .3
9 .7
9 4 .7
7 .1
4 .8
2 .3
0 .6
0 .4
1 0 0 .0
9 2 .5
7 .5
9 4 .0
6 .0
9 9 .1
6 .0
6 .9
-1 .0
0 .6
0 .4
1 0 0 .0
8 3 .8
1 6 .2
8 9 .1
1 0 .9
9 4 .7
7 .1
6 .3
0 .8
0 .6
0 .7
1 0 0 .0
9 0 .1
9 .9
8 4 .7
1 5 .3
9 0 .6
1 1 .8
8 .1
3 .6
1 .0
1 .1
3 7 ,6 1 9 .3
2 3 ,6 4 1 .
1 ,4 4 5 .9
4 1 ,9 8 1 .2
4 8 ,1 8 5 .7 5 5 ,6 4 6 .6
3 0 ,1 7 5 .3 3 5 ,7 4 7 .7
1 ,8 2 6 .1 2 ,0 2 3 .
5 4 ,8 1 7 .7 6 4 ,5 6 0 .5
5 9 ,9 3 4 .3
3 8 ,0 4 5 .3
2 ,7 9 8 .6
7 0 ,6 4 6 .2
6 9 ,8 3 0 .5
4 6 ,3 5 4 .7
2 ,6 5 7 .3
8 2 ,8 7 9 .1
7 8 ,4 4 4 .9
5 2 ,3 4 5 .3
3 ,0 7 9 .1
8 8 ,1 2 9 .5
1 6 .1
6 .0
2 2 .1
0 .0
3 .2
1 4 .7
1 7 .9
4 0 .0
0 .0
7 .6
3 .6
4 .1
3 5 .1
0 .0
4 2 .8
6 0 .0
7 7 .9
-1 7 .2
4 5 .7
-5 2 .3
0 .0
9 8 .3
5 7 .2
3 .7
1 0 0 .0
3 7 ,0 5 8 .8
3 4 ,1 0 5 .6
2 ,9 5 3 .2
3 4 ,2 2 3 .6
2 ,8 3 5 .2
3 5 ,9 5 3 .
1 ,8 8 2 .1
1 ,2 0 7 .9
6 7 4 .2
2 6 0 .2
1 8 7 .6
4 7 ,4 0 5 .3
4 2 ,8 4 1 .9
4 ,5 6 3 .4
4 1 ,8 7 9 .3
5 ,5 2 6 .
4 4 ,0 8 8 .5
4 ,1 2 0 .2
1 ,5 9 1 .4
2 ,5 2 8 .8
5 6 8 .2
3 5 6 .2
6 0 ,3 8 6 .
5 5 ,8 8 0 .2
4 ,5 0 5 .8
5 6 ,7 8 0 .9
3 ,6 0 5 .1
5 9 ,8 3 9 .2
3 ,6 1 1 .7
4 ,1 9 3 .4
-5 8 1 .7
3 4 3 .4
2 2 3 .6
7 7 ,2 1 5 .6
6 4 ,7 0 1 .9
1 2 ,5 1 3 .7
6 8 ,7 8 4 .2
8 ,4 3 1 .4
7 3 ,1 5 5 .1
5 ,4 8 7 .8
4 ,8 9 6 .6
5 9 1 .2
4 2 5 .2
5 2 1 .7
7 8 ,8 9 7 .5
7 1 ,0 6 1 .7
7 ,8 3 5 .8
6 6 ,8 5 7 .
1 2 ,0 4 0 .5
7 1 ,4 8 1 .4
9 ,2 8 7 .3
6 ,4 1 1 .7
2 ,8 7 5 .6
8 1 1 .2
8 8 9 .9
1 0 0 .0
9 2 .4
7 .6
9 2 .0
8 .0
9 6 .7
5 .1
6 .4
-1 .3
0 .7
1 .1
2 ,3 8 6 .9 2 ,6 9 6 .5 5 ,1 6 4 .7 7 ,9 6 0 .9 8 ,6 3 9 .9 8 ,4 0 9 .3 6 ,4 2 9 .3 7 ,7 2 1 .7
1 ,1 1 6 .7 8 2 4 .8 1 ,3 5 9 .8 2 ,1 4 6 .6 2 ,3 9 4 . 2 ,5 7 2 .7 2 ,1 6 3 .2 2 ,7 3 7 .4
1 ,2 7 0 .2 1 ,8 7 1 .7 3 ,8 0 4 .9 5 ,8 1 4 .3 6 ,2 4 5 .9 5 ,8 3 6 .6 4 ,2 6 6 .1 4 ,9 8 4 .3
1 0 ,9 8 7 .4 6 ,1 0 8 . 7 ,5 6 6 .8 9 ,1 1 9 .4 1 0 ,8 4 6 .3 1 2 ,7 6 4 .9 1 5 ,9 0 5 .6 1 4 ,6 4 6 .2
0 .0
5 ,7 9 3 .2 5 ,6 0 8 .7 7 ,5 6 2 .1 9 ,3 2 6 .6 1 1 ,4 2 6 .7 1 4 ,1 8 9 .5 1 3 ,4 1 6 .3
1 3 ,3 7 4 .3 1 4 ,5 9 7 .7 1 8 ,3 4 0 .2 2 4 ,6 4 2 .4 2 8 ,8 1 2 .8 3 2 ,6 0 0 .9 3 6 ,5 2 4 .4 3 5 ,7 8 4 .2
1 8 ,7 5 6 .6 2 0 ,6 5 8 .6 2 2 ,9 0 0 . 3 0 ,6 9 7 .3 3 6 ,4 9 3 .9 4 1 ,5 7 1 .1 5 1 ,5 4 0 .6 5 2 ,6 5 5 .1
2 4 ,3 5 0 . 2 7 ,4 8 0 .7 3 3 ,0 0 3 .8 4 1 ,7 8 7 .4 4 8 ,8 4 1 . 5 4 ,6 4 6 .2 6 5 ,6 5 9 .8 6 5 ,9 3 0 .4
- 5 , 3 8 2 . 3 - 6 , 0 6 0 . 9 - 4 , 5 5 9 . 8 - 6 , 0 5 4 . 9 - 7 , 6 8 1 . 1 - 8 , 9 7 0 . 2 - 1 5 , 0 1 6 . 2- 1 6 , 8 7 0 . 9
1 4 ,2 9 9 .9 1 5 ,8 0 2 .8 1 9 ,2 2 5 . 2 5 ,5 9 5 .7 3 0 ,6 0 5 .9 3 4 ,9 3 3 .6 3 6 ,3 5 3 .3 3 6 ,7 0 2 .6
- 1 6 , 3 6 9 . 7- 1 7 , 9 6 2 . 1- 1 7 , 7 3 5 . 3- 2 2 , 7 3 6 . 4 - 2 7 , 8 5 4 . - 3 3 , 1 6 1 . 8- 4 5 , 1 1 1 . 3- 4 4 , 9 3 3 . 4
3 0 ,7 3 7 .3 3 4 ,7 2 6 .3
u la
1 7t e, 9d0 d1 e. 2p 1r e9c, 7ia1t 1io. n2
1 ,1 5 7 .9 1 ,3 7 8 .4
3 1 ,2 7 5 .5 3 4 ,3 0 8 .9
3 6 ,1 4 2 .6
3 3 ,3 9 2 .9
2 ,7 4 9 .7
3 3 ,2 4 4 .8
2 ,8 9 7 .8
3 4 ,9 6 2 .1
1 ,8 4 8 .3
2 ,3 0 5 .1
-4 5 6 .8
2 6 3 .5
3 8 3 .2
3 6 ,5 4 2 .7
3 5 ,2 2 1 .3
1 ,3 2 1 .4
3 4 ,2 6 6 .9
2 ,2 7 5 .8
3 5 ,9 2 9 .
1 ,3 8 2 .4
1 ,6 4 7 .7
-2 6 5 .3
2 8 3 .6
2 3 3 .4
6 5 ,8 4 5 .3
6 1 ,7 0 7 .6
4 ,1 3 7 .7
5 9 ,4 5 3 .8
6 ,3 9 1 .5
6 2 ,3 5 1 .1
4 ,6 7 6 .2
3 ,1 7 2 .4
1 ,5 0 3 .8
4 1 0 .8
2 6 1 .2
39
A b d u lla h S h a h G h a z i S u g a r M ills L td .(A l-A s if S u g a r M ills L td .)

It e m s
2002
2003
2004
A .C a p i t a l S t r u c t u r e :
O r d in a r y S h a r e C a p i t a l
S u rp lu s
S h a r e h o l d e r 's E q u i t y ( A 1 + A 2 )
D e b e n tu r e s
O t h e r F i x e d L ia b i li t ie s
T o t a l F i x e d L ia b il it i e s ( A 4 + A 5 + A 6 )
T o ta l C a p ita l E m p lo y e d (A 3 + A 7 )
B .L iq u id ity :
L iq u id A s s e ts :
(i)C a s h
(ii) In v e s tm e n ts
In v e n t o r ie s
C u r r e n t L i a b i l i t ie s
T o t a l L i a b i li t ie s ( A 7 + B 5 )
N e t C u rre n t A ss e ts (B 4 -B 5 )
C o n t r a c tu a l L ia b il it i e s
N e t liq u id a s s e ts (B 1 -B 5 )
F i x e d a s s e t s a f t e r d e d u c t in g a c c u m u la t e d d e p r e c i a t i o n
D e p r e c ia t io n f o r t h e y e a r
D .O p e ra tio n :
G ro s s s a le s
(i)L o c a l s a le s
(ii) E x p o rt s a le s
G ro s s p ro fit
O p e r a t in g p r o f i t
F i n a n c ia l e x p e n s e s
N e t p ro fit b e fo re ta x (D 5 -D 6 )
T a x p r o v i s io n
(M illio n R u p e e s )
2005
2006
2007
1 4 6 .7
-8 1 6 .3
-6 6 9 .6
0 .0
0 .0
1 0 9 .7
1 0 9 .7
-5 5 9 .9
1 4 6 .7
-8 6 6 .5
-7 1 9 .8
0 .0
0 .0
0 .0
0 .0
-7 1 9 .8
2009
1 4 6 .7
-7 2 5 .7
-5 7 9 .
0 .0
0 .0
0 .0
0 .0
-5 7 9 .
1 4 6 .7
-6 3 1 .5
-4 8 4 .8
0 .0
0 .0
0 .0
0 .0
-4 8 4 .8
2002
2003
2004
2005
2006
2007
2008
2009
2 8 .8
-1 6 5 .3
-1 3 6 .5
0 .0
0 .0
0 .0
0 .0
-1 3 6 .5
0 .0
0 .6
0 .6
0 .0
2 2 .3
0 .0
2 2 .9
2 3 6 .5
2 3 6 .5
-2 1 3 .6
0 .0
-2 3 5 .9
0 .0
1 5 1 .9
7 7 .1
4 .1
1 0 0 .0
3 2 .0
-1 8 8 .7
-1 5 6 .8
0 .0
0 .0
0 .0
0 .0
-1 5 6 .8
0 .0
0 .2
0 .2
0 .0
1 6 .1
0 .0
1 6 .3
2 5 6 .8
2 5 6 .8
-2 4 0 .5
0 .7
-2 5 6 .6
0 .0
1 7 1 .0
8 3 .7
4 .3
1 0 0 .0
3 0 .2
- 1 4 9 .2
- 1 1 9 .0
0 .0
0 .0
0 .0
0 .0
- 1 1 9 .0
0 .0
2 .3
2 .3
0 .0
1 6 .4
0 .0
1 8 .7
2 1 9 .0
2 1 9 .0
- 2 0 0 .3
0 .0
- 2 1 6 .7
0 .0
1 6 7 .7
8 1 .3
4 .2
1 0 0 .0
1 6 .1
-6 9 .4
-5 3 .3
0 .0
0 .0
0 .0
0 .0
-5 3 .3
0 .0
6 .6
6 .6
0 .0
1 8 .4
1 2 .1
3 7 .1
1 5 3 .3
1 5 3 .3
-1 1 6 .2
0 .0
-1 4 6 .7
0 .0
1 1 1 .5
6 2 .9
2 .4
1 0 0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 2 4 .3
-2 4 .3
1 3 3 .3
-3 1 .0
0 .1
-3 1 .1
0 .5
1 0 0 .0
1 0 0 .0
0 .0
1 1 4 .7
-1 4 .7
1 2 1 .0
-2 1 .0
0 .1
-2 1 .1
0 .4
1 0 0 .0
1 0 0 .0
0 .0
7 8 .8
2 1 .2
8 8 .3
7 6 .7
7 .0
6 9 .7
0 .0
1 0 0 .0
1 0 0 .0
0 .0
7 7 .0
2 3 .0
8 1 .3
1 8 .7
5 .6
1 3 .1
0 .5
7 5 6 .1
3 9 6 .1
2 1 .4
5 5 0 .5
774.
3 9 3 .2
2 0 .9
5 0 9 .7
7 8 5 .2
3 8 4 .4
1 9 .9
4 5 9 .1
8 1 5 .7
3 9 5 .3
2 0 .5
4 8 6 .4
1 ,0 1 4 .7
5 7 2 .6
2 1 .8
9 1 0 .1
2 6 .6
-1 4 8 .3
-1 2 1 .6
0 .0
0 .0
1 9 .9
1 9 .9
-1 0 1 .7
0 .0
0 .0
0 .0
0 .0
2 8 .0
0 .0
2 8 .0
2 0 1 .7
2 2 1 .7
-1 7 3 .7
3 2 .7
-2 0 1 .7
0 .0
1 3 7 .3
7 2 .0
3 .9
1 0 0 .0
7 5 .4
7 5 .4
0 .0
1 0 5 .2
-2 9 .8
1 3 4 .9
-1 0 .1
.1
-1 0 .2
.3
1 0 6 .8
1 0 6 .8
0 .0
1 3 2 .7
-2 5 .9
1 4 2 .4
-3 3 .1
.1
-3 3 .2
.5
1 2 3 .6
1 2 3 .6
0 .0
1 4 1 .8
-1 8 .2
1 4 9 .6
-2 6 .
.1
-2 6 .1
.5
1 9 8 .9
1 9 8 .9
0 .0
1 5 6 .7
4 2 .2
1 7 5 .6
1 5 2 .5
1 3 .9
1 3 8 .6
0 .0
7 2 8 .1
7 2 8 .1
0 .0
5 6 0 .5
1 6 7 .6
592.
1 3 6 .1
4 0 .5
9 5 .6
3 .6
1 0 0 .0
1 0 0 .0
0 .0
1 3 9 .5
-3 9 .5
1 7 8 .9
-1 3 .4
0 .1
-1 3 .5
0 .4
.1
.1
0 .0
1 5 4 .3
0 .0
1 5 4 .4
1 ,1 1 0 .5
1 ,2 2 0 .2
-9 5 6 .1
1 7 9 .9
-1 ,1 1 0 .4
1 4 6 .7
-8 4 2 .4
-6 9 5 .7
0 .0
0 .0
0 .0
0 .0
-6 9 5 .7
2008
C o m m o n siz e A n a ly sis
3.
.8
3.
.8
0 .0
0 .0
1 1 3 .5
7 3 .9
0 .0
0 .0
1 1 6 .5
7 4 .7
1 ,2 0 5 .4 1 ,1 7 9 .
1 ,2 0 5 .4 1 ,1 7 9 .
-1 ,0 8 8 .9 -1 ,1 0 4 .3
0 .0
3.
-1 ,2 0 2 .4 -1 ,1 7 8 .2
1 1 .2
5 9 .9
1 1 .2
5 9 .9
0 .0
0 .0
7 9 .9
1 6 7 .9
0 .0
1 0 9 .7
9 1 .1
3 3 7 .5
1 ,0 6 5 .4 1 ,3 9 5 .
1 ,0 6 5 .4 1 ,3 9 5 .
-9 7 4 .3 -1 ,0 5 7 .5
0 .0
0 .0
-1 ,0 5 4 .2 -1 ,3 3 5 .1
40
A d a m S u g a r M ills L td .
Ite m s
2002
A .C a p ita l S tr u c tu r e :
O rd in a r y S h a r e C a p ita l
5 7 .6
S u r p lu s
7 3 .6
1 3 1 .2
0 .0
D e b e n tu re s
0 .0
O th e r F ix e d L ia b ilitie s
4 1 .7
T o ta l F ix e d L ia b ilitie s ( A 4 + A 5 + A 6 ) 4 1 . 7
T o ta l C a p it a l E m p lo y e d ( A 3 + A 7 ) 1 7 2 . 9
B .L iq u id ity :
1 9 .1
(i)C a s h
1 9 .1
(ii)In v e s tm e n ts
0 .0
O th e r C u rr e n t A s s e ts
3 4 2 .7
In v e n to r ie s
0 .0
C u rr e n t A s s e ts (B 1 + B 2 + B 3 )
3 6 1 .8
C u rr e n t L ia b ilitie s
4 1 3 .4
T o ta l L ia b ilitie s ( A 7 + B 5 )
4 5 5 .1
-5 1 .6
C o n t ra c tu a l L ia b ilitie s
2 2 9 .4
-3 9 4 .3
3 8 6 .3
F i x e d a s s e t s a f t e r d e d u c t i n g a c c u m2 u2 l4a. t5e d
D e p r e c ia tio n f o r t h e y e a r
1 1 .4
T o ta l a s s e ts ( B 4 + C 2 )
5 8 6 .3
D .O p e r a t io n :
G ro s s s a le s
1 ,0 6 8 .2
1 ,0 6 8 .2
(ii)E x p o rt s a le s
0 .0
9 5 4 .6
G ro s s p r o f it
1 1 3 .6
9 8 2 .5
O p e ra tin g p r o fit
8 7 .5
3 6 .3
N e t p ro f it b e fo re ta x (D 5 -D 6 )
5 1 .2
4 .6
T o ta l a m o u n t o f d iv id e n d
0 .0
C o m m o n s iz e A n a ly s is
2003
2004
2005
2006
2007
2008
2009
2002
2003
2004
2005
2006
2007
2008
2009
5 7 .6
3 3 .5
9 1 .1
0 .0
0 .0
2 2 .4
2 2 .4
1 1 3 .5
5 7 .6
6 3 .5
1 2 1 .1
0 .0
0 .0
45.
45.
1 6 6 .1
5 7 .6
8 2 .4
140.
0 .0
0 .0
3 2 .9
3 2 .9
1 7 2 .9
5 7 .6
5 8 9 .4
647.
0 .0
0 .0
1 8 .4
1 8 .4
6 6 5 .4
5 7 .6
3 4 8 .3
4 0 5 .9
0 .0
0 .0
2 3 .8
2 3 .8
4 2 9 .7
5 7 .6
3 8 6 .8
4 4 4 .4
0 .0
0 .0
3 1 3 .9
3 1 3 .9
7 5 8 .3
5 7 .6
409.
4 6 6 .6
0 .0
0 .0
5 5 .3
5 5 .3
5 2 1 .9
5 .0
5 0 .8
5 5 .7
0 .0
0 .0
1 .6
1 .6
5 7 .3
5 .1
3 0 .5
3 5 .6
0 .0
0 .0
2 .1
2 .1
3 7 .7
4 .4
2 9 .3
3 3 .7
0 .0
0 .0
2 3 .8
2 3 .8
5 7 .5
4 .5
3 2 .1
3 6 .7
0 .0
0 .0
4 .3
4 .3
4 1 .0
9 0 .6
9 0 .6
0 .0
2 0 6 .1
2 9 .5
3 2 6 .2
4 5 2 .8
4 9 7 .8
-1 2 6 .6
1 6 3 .3
-3 6 2 .2
2 8 .1
2 8 .1
0 .0
7 6 .7
2 4 2 .4
3 4 7 .2
4 6 0 .3
4 9 3 .2
-1 1 3 .1
1 4 7 .3
-4 3 2 .2
1 8 .7
1 8 .7
0 .0
9 8 .9
2 8 9 .6
4 0 7 .2
4 9 5 .2
5 1 3 .6
-8 8 .
1 8 7 .8
-4 7 6 .5
2 1 .3
2 1 .3
0 .0
1 0 8 .8
2 6 7 .3
3 9 7 .4
7 1 0 .5
7 3 4 .3
-3 1 3 .1
2 6 0 .2
-6 8 9 .2
4 6 .1
4 6 .1
0 .0
2 9 7 .9
1 7 3 .8
5 1 7 .8
560.
8 7 3 .9
-4 2 .2
662.
-5 1 3 .9
5 5 .1
5 5 .1
0 .0
8 6 .5
2 8 4 .7
4 2 6 .3
7 5 0 .9
8 0 6 .2
-3 2 4 .6
1 2 4 .6
-6 9 5 .8
9 .3
1 0 .3
1 9 .6
0 .0
0 .0
7 .3
7 .3
2 6 .8
0 .0
1 4 .6
1 4 .6
0 .0
3 3 .3
4 .8
5 2 .7
7 3 .2
8 0 .4
-2 0 .5
2 6 .4
-5 8 .5
0 .0
0 .0
4 7 .3
0 .0
1 0 0 .0
9 .1
1 3 .0
2 2 .1
0 .0
0 .0
5 .2
5 .2
2 7 .3
1 2 6 .2
1 2 6 .2
0 .0
7 9 .4
2 1 .2
2 2 6 .8
3 7 5 .8
3 9 8 .2
-1 4 9 .
7 0 .6
- 2 4 9 .6
1 1 .8
6 .8
1 8 .6
0 .0
0 .0
4 .6
4 .6
2 3 .2
0 .0
2 5 .8
2 5 .8
0 .0
1 6 .2
4 .3
4 6 .4
7 6 .8
8 1 .4
-3 0 .5
1 4 .4
-5 1 .0
0 .0
8 9 .6
5 3 .6
2 .9
1 0 0 .0
4 .4
4 .4
0 .0
1 2 .1
3 8 .3
5 4 .8
7 2 .7
7 7 .9
-1 7 .9
2 3 .3
-6 8 .2
1 .6
1 .6
0 .0
8 .5
2 5 .0
3 5 .1
4 2 .7
4 4 .2
-7 .6
1 6 .2
-4 1 .1
1 .9
1 .9
0 .0
9 .5
2 3 .4
3 4 .9
6 2 .3
6 4 .4
-2 7 .5
2 2 .8
-6 0 .4
3 .5
3 .5
0 .0
2 2 .6
1 3 .2
3 9 .3
4 2 .5
6 6 .3
-3 .2
5 0 .2
-3 9 .0
4 .3
4 .3
0 .0
6 .8
2 2 .4
3 3 .5
5 9 .0
6 3 .3
-2 5 .5
9 .8
-5 4 .7
7 8 .0
4 5 .2
2 .7
1 0 0 .0
8 6 .2
6 4 .9
3 .5
1 0 0 .0
9 0 .2
6 5 .1
3 .4
1 0 0 .0
8 5 .3
6 0 .7
3 .0
1 0 0 .0
9 5 .1
6 6 .5
3 .3
1 0 0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 4 .7
5 .3
9 7 .7
3 .0
2 .3
0 .7
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 7 .6
1 2 .4
9 1 .4
9 .2
2 .4
6 .8
0 .5
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 8 .3
1 1 .7
9 2 .8
7 .2
3 .4
3 .7
0 .3
0 .5
1 0 0 .0
1 0 0 .0
0 .0
9 6 .3
3 .7
9 9 .5
8 .0
3 .4
4 .6
0 .0
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 2 0 .5
-2 0 .5
1 2 4 .6
-2 4 .3
4 .3
-2 8 .6
0 .4
0 .0
1 0 0 .0
9 7 .7
2 .3
8 6 .7
1 3 .3
9 0 .1
1 0 .1
4 .0
6 .1
0 .0
0 .0
1 0 0 .0
1 0 0 .0
0 .0
7 6 .7
2 3 .3
8 0 .9
2 1 .0
5 .0
1 6 .0
0 .5
0 .5
4 3 8 .1
0 .0
d2 e6 p2 r. e4 c i a 2t i 9o 2n . 7
1 4 .2
0 .0
4 8 9 .2 6 1 8 .9
4 9 3 .8 1 ,0 0 0 .3 1 ,0 2 7 .9 1 ,1 2 4 .7 1 ,2 1 0 .3
2 8 6 .1 7 5 3 .5 7 4 2 .8 8 0 0 .5 8 4 6 .5
1 6 .8
4 0 .3
3 8 .7
39.
4 1 .5
6 3 3 .3 1 ,1 6 0 .7 1 ,1 4 0 .2 1 ,3 1 8 .3 1 ,2 7 2 .8
9 .8
1 2 .6
2 2 .4
0 .0
0 .0
7 .1
7 .1
2 9 .5
0 .0
3 .3
3 .3
0 .0
5 8 .5
0 .0
6 1 .7
7 0 .5
7 7 .6
-8 .8
3 9 .1
-6 7 .3
0 .0
6 5 .9
3 8 .3
1 .9
1 0 0 .0
8 2 2 .3
8 2 2 .3
0 .0
7 7 8 .7
4 3 .6
8 0 3 .2
2 4 .6
1 9 .2
5 .4
3 .5
0 .0
6 1 5 .3
6 1 5 .3
0 .0
5 4 3 .2
7 2 .1
5 7 1 .2
4 4 .1
2 1 .1
23.
1 .7
2 .8
1 0 0 .0
1 0 0 .0
0 .0
8 9 .4
1 0 .6
9 2 .0
8 .2
3 .4
4 .8
0 .4
0 .0
6 3 7 .7
6 3 7 .7
0 .0
5 5 8 .8
7 8 .9
5 8 2 .8
5 8 .7
1 5 .1
4 3 .6
2 .9
0 .0
9 0 1 .8
9 0 1 .8
0 .0
8 6 8 .8
33.
8 9 7 .2
7 2 .3
3 0 .5
4 1 .8
0 .0
0 .0
6 0 4 .7 1 ,0 4 2 .3 1 ,1 5 7 .
6 0 4 .7 1 ,0 1 7 .9 1 ,1 5 7 .
0 .0
2 4 .4
0 .0
7 2 8 .6 9 0 4 .1 8 8 7 .5
-1 2 3 .9 1 3 8 .2 2 6 9 .5
7 5 3 .4 9 3 9 .3
936.
-1 4 6 .8
1 0 5 . 2 4 2 .7
2 5 .9
4 1 .6
5 7 .8
-1 7 2 .7
6 3 .4
1 8 4 .9
2 .6
.3
5 .8
0 .0
0 .0
5 .8
41
A l-A b b a s S u g a r M ills L td .
Ite m s
2002
2003
2004
A .C a p it a l S tr u c t u r e :
1 7 3 .6 1 7 3 .6 1 7 3 .6
S u rp lu s
3 5 1 .2 3 1 5 .8 4 6 1 .7
5 2 4 .8 4 8 9 .4 6 3 5 .3
0 .0
0 .0
0 .0
D e b e n tu re s
0 .0
2 9 4 .7 2 2 1 .1
1 4 7 .6
0 .0
0 .0
T o t a l F i x e d L i a b i l i t i e s ( A 4 + A 5 + A 6 )1 4 7 . 6 2 9 4 . 7 2 2 1 . 1
T o ta l C a p it a l E m p lo y e d ( A 3 + A 7 ) 6 7 2 .4 7 8 4 .1 8 5 6 .4
B .L iq u id it y :
5.
1 5 .7
1 5 .7
( i) C a s h
5.
1 5 .7
1 5 .7
( ii) In v e s tm e n t s
0 .0
0 .0
0 .0
6 7 5 .7
2 1 3 . 3 2 3 .3
In v e n to r ie s
0 .0
4 0 0 .1 5 3 4 .3
6 8 0 .7 6 2 8 .8 8 7 3 .3
7 7 7 .8 7 3 8 .2
948.
9 2 5 .4 1 ,0 3 2 .9 1 ,1 6 9 .1
-9 7 .1 -1 0 9 .4 -7 4 .7
C o n tra c tu a l L ia b ilitie s
7 7 0 .4 6 8 3 .8
296.
N e t liq u id a s s e ts ( B 1 - B 5 )
-7 7 2 .8 -7 2 2 .5 -9 3 2 .3
1 ,0 7 0 .2 1 ,2 5 0 .4 1 ,3 5 6 .
F i x e d a s s e t s a f t e r d e d u c t i n g a c c u m7 6u 9l a. 5t e d 8d 9e 3p .r6e c i a 9t i 3o 1n .
D e p r e c ia tio n f o r th e y e a r
5 3 .4
5 6 .5
6 9 .4
1 ,4 5 0 .2 1 ,5 2 2 .4 1 ,8 0 4 .3
G ro s s s a le s
1 ,4 0 1 .6 1 ,3 2 7 .4 1 ,4 2 3 .4
( i) L o c a l s a le s
9 1 8 .1 8 3 2 .3 7 8 5 .2
( ii) E x p o r t s a le s
4 8 3 .5 4 9 5 .1 6 3 8 .2
1 ,3 3 4 . 1 ,1 3 4 . 1 ,0 9 0 .
G ro s s p r o f it
6 7 .6
1 9 3 .4 3 3 3 .4
O v e rh e a d a n d O th e r E x p e n s e s 1 ,3 9 4 .2 1 ,1 8 7 .2 1 ,1 8 6 .2
O p e ra tin g p r o f it
64.
1 4 3 . 2 4 2 .9
7 4 .8
57.
3 1 .6
N e t p r o f it b e fo re t a x ( D 5 -D 6 )
-1 0 .8
86.
2 1 1 .3
6 .5
6 .1
6 .7
0 .0
3 1 .3
6 0 .8
2005
2006
2007
2008
1 7 3 .6
5 6 2 .7
7 3 6 .3
0 .0
0 .0
0 .0
0 .0
7 3 6 .3
1 7 3 .6
4 7 8 .7
6 5 2 .3
0 .0
0 .0
9 3 .2
9 3 .2
7 4 5 .5
1 7 3 .6 1 7 3 .6
5 5 1 .3 6 9 6 .2
7 2 4 .9 8 6 9 .8
0 .0
0 .0
0 .0
0 .0
1 8 .6 1 ,0 7 8 .3
1 8 .6 1 ,0 7 8 .3
7 4 3 .5 1 ,9 4 8 .1
2009
2002
2003
2004
2005
2006
2007
2008
2009
1 7 3 .6
9 3 5 .6
1 ,1 0 9 .2
0 .0
0 .0
875.
875.
1 ,9 8 4 .2
1 1 .4
2 0 .7
3 2 .1
0 .0
1 9 .4
0 .0
1 9 .4
5 1 .5
0 .0
1 .0
1 .0
0 .0
1 4 .0
2 6 .3
4 1 .3
4 8 .5
6 7 .8
- 7 .2
4 4 .9
- 4 7 .5
0 .0
8 2 .1
5 8 .7
3 .7
1 0 0 .0
9 .6
2 5 .6
3 5 .2
0 .0
1 2 .3
0 .0
1 2 .3
4 7 .5
0 .0
0 .9
0 .9
0 .0
1 7 .9
2 9 .6
4 8 .4
5 2 .5
6 4 .8
-4 .1
1 6 .4
-5 1 .7
0 .0
7 5 .2
5 1 .6
3 .8
1 0 0 .0
1 0 .3
3 3 .5
4 3 .8
0 .0
0 .0
0 .0
0 .0
4 3 .8
1 0 .3
2 8 .5
3 8 .9
0 .0
0 .0
5 .6
5 .6
4 4 .4
1 1 .9
3 7 .7
4 9 .5
0 .0
0 .0
1 .3
1 .3
5 0 .8
4 .6
1 8 .5
2 3 .1
0 .0
0 .0
2 8 .6
2 8 .6
5 1 .7
4 .7
2 5 .2
2 9 .8
0 .0
0 .0
2 3 .5
2 3 .5
5 3 .4
0 .4
0 .4
0 .0
1 3 .8
3 3 .1
4 7 .2
5 6 .2
5 6 .2
-9 .0
1 7 .9
-5 5 .8
0 .6
0 .6
0 .0
1 2 .6
3 6 .5
4 9 .8
5 5 .6
6 1 .1
-5 .8
3 7 .1
-5 4 .9
4 .3
2 .2
2 .1
2 0 .2
2 0 .6
4 5 .1
4 9 .2
5 0 .4
-4 .1
2 5 .4
-4 4 .9
2 .5
1 .3
1 .2
1 4 .7
2 7 .5
4 4 .7
4 8 .3
7 6 .9
-3 .6
4 6 .0
-4 5 .8
1 .6
0 .3
1 .3
1 4 .2
2 1 .9
3 7 .7
4 6 .6
7 0 .1
-8 .9
4 2 .1
- 4 5 .0
8 2 .3
5 2 .8
4 .3
1 0 0 .0
8 2 .7
5 0 .2
4 .1
1 0 0 .0
9 7 .7
5 4 .9
4 .3
1 0 0 .0
7 5 .8
5 5 .3
3 .2
1 0 0 .0
1 4 7 .4
6 2 .3
3 .9
1 0 0 .0
1 0 0 .0
6 2 .7
3 7 .3
8 5 .4
1 4 .6
8 9 .4
1 0 .8
4 .3
6 .5
0 .5
2 .4
1 0 0 .0
5 5 .2
4 4 .8
7 6 .6
2 3 .4
8 3 .3
1 7 .1
2 .2
1 4 .8
0 .5
4 .3
1 0 0 .0
6 0 .5
3 9 .5
8 9 .5
1 0 .5
9 4 .9
5 .8
2 .0
3 .8
0 .5
3 .3
1 0 0 .0
6 7 .7
3 2 .3
9 2 .1
7 .9
9 6 .1
4 .1
2 .9
1 .3
0 .5
0 .0
1 0 0 .0
4 8 .8
5 1 .2
9 1 .2
8 .8
9 6 .8
9 .0
2 .9
6 .1
0 .5
0 .0
1 0 0 .0
5 0 .4
4 9 .6
9 2 .8
7 .2
9 8 .3
7 .1
3 .6
3 .6
1 .5
0 .9
1 0 0 .0
6 0 .4
3 9 .6
8 1 .1
1 8 .9
8 6 .2
1 4 .6
6 .5
8 .1
0 .5
1 .7
1 ,3 8 4 .2 1 ,3 8 8 .6 1 ,4 2 9 .9
8 8 7 .3 8 4 3 .1 8 0 3 .9
7 1 .9
6 8 .2
6 3 .3
1 ,6 8 1 .3 1 ,6 7 8 .4 1 ,4 6 3 .2
2 ,8 5 5 .3
2 ,0 8 2 .8
1 2 0 .5
3 ,7 6 8 .6
5 ,4 7 9 .5
2 ,3 1 5 .6
1 4 5 .2
3 ,7 1 6 .2
1 2 .0
2 4 .2
3 6 .2
0 .0
0 .0
1 0 .2
1 0 .2
4 6 .4
0 .0
0 .3
0 .3
0 .0
4 6 .6
0 .0
4 6 .9
5 3 .6
6 3 .8
-6 .7
5 3 .1
-5 3 .3
0 .0
7 3 .8
5 3 .1
3 .7
1 0 0 .0
1 ,8 4 5 .7
1 ,1 1 7 .
7 2 8 .7
1 ,6 5 1 .7
194.
1 ,7 5 1 .4
1 0 7 .1
3 6 .6
7 0 .5
8 .7
6 0 .8
2 ,9 3 1 .1
1 ,4 7 6 .6
1 ,4 5 4 .5
2 ,7 1 9 .1
212.
2 ,8 8 1 .2
2 0 9 .3
105.
1 0 4 .3
4 5 .2
26.
4 ,1 6 7 .
2 ,5 1 7 .7
1 ,6 4 9 .3
3 ,3 8 1 .4
7 8 5 .6
3 ,5 9 3 .4
6 0 8 .9
2 7 1 .7
3 3 7 .2
21.
6 9 .4
1 0 0 .0
6 5 .5
3 4 .5
9 5 .2
4 .8
9 9 .5
4 .6
5 .3
-0 .8
0 .5
0 .0
6 .7
1 0 .9
6 .7
1 0 .9
0 .0
0 .0
2 3 1 .4 2 1 1 .9
5 5 5 .9 6 1 2 .5
7 9 4 . 8 3 5 .3
9 4 4 .9 9 3 2 .9
9 4 4 .9 1 ,0 2 6 .1
-1 5 0 .9 - 9 7 .6
3 0 0 .5 6 2 3 .3
-9 3 8 .2 - 9 2 2 .
2 ,5 1 4 .3
1 ,7 0 2 .7
8 1 1 .6
2 ,3 1 6 .2
1 9 8 .1
2 ,4 1 5 .3
1 0 3 .9
7 2 .3
3 1 .6
1 1 .7
0 .0
6 3 .2
3 2 .4
3 0 .8
2 9 5 .1
301.
6 5 9 .3
7 1 9 .5
7 3 8 .1
-6 0 .2
3 7 2 .1
-6 5 6 .3
2 ,8 4 2 .3
1 ,3 8 7 .8
1 ,4 5 4 .5
2 ,5 9 0 .8
2 5 1 .5
2 ,7 5 1 .7
2 5 7 .1
8 3 .8
1 7 3 .3
1 3 .4
0 .0
9 4 .8
6 0 .6
4 8 .4
1 2 .5
4 6 .4
4 8 .1
5 5 4 .8 5 2 6 .2
1 ,0 3 6 .2 8 1 3 .8
1 ,6 8 5 .8 1 ,4 0 0 .6
1 ,8 2 0 .6 1 ,7 3 1 .9
2 ,8 9 8 .9 2 ,6 0 6 .9
-1 3 4 .8 -3 3 1 .3
1 ,7 3 1 .9 1 ,5 6 3 .
-1 ,7 2 5 .8-1 ,6 7 1 .3
42
A l-N o o r S u g a r M ills L td .
Ite m s
2002
2003
2004
A .C a p ita l S tru c tu re :
1 8 5 .7 1 8 5 .7 1 8 5 .7
S u rp lu s
9 4 .5
5 5 6 .8 6 3 9 .3
2 8 0 .2 7 4 2 .5
825.
0 .0
0 .0
0 .0
D e b e n tu re s
1 2 7 .2
7 6 .3
1 2 5 .4
O t h e r F ix e d L i a b i l i t i e s
1 2 2 .5 1 0 6 .4 1 5 5 .9
T o t a l F i x e d L i a b i l i t i e s ( A 4 + A 5 + A 6 )2 4 9 . 7 1 8 2 . 7 2 8 1 . 3
T o ta l C a p ita l E m p lo y e d ( A 3 + A 7 ) 5 2 9 .9 9 2 5 .2 1 ,1 0 6 .3
B .L iq u i d ity :
6 5 .6
5 3 .4
1 2 1 .5
( i) C a s h
4 7 .4
35.
8 1 .6
( ii) In v e s tm e n ts
1 8 .2
1 8 .4
3 9 .9
7 6 3 .6 2 9 8 .7 3 7 2 .8
In v e n to rie s
0 .0
3 0 6 .3 1 6 5 .4
8 2 9 .2 6 5 8 .4 6 5 9 .7
C u r re n t L ia b ilitie s
1 ,1 4 7 . 9 1 ,2 5 4 .9 9 9 9 .
1 ,3 9 7 . 6 1 ,4 3 7 .6 1 ,2 8 0 .3
-3 1 8 .7 -5 9 6 .5 -3 3 9 .3
C o n tr a c tu a l L ia b ilitie s
1 ,1 9 5 . 3 9 0 8 .3 8 5 4 .5
N e t l i q u id a s s e t s ( B 1 - B 5 )
- 1 ,0 8 2 .3 -1 ,2 0 1 . 5 -8 7 7 .5
C .F ix e d A s s e t s :
1 ,4 4 1 . 5 2 ,2 3 2 .1 2 ,2 7 0 .9
F ix e d a s s e t s a f t e r d e d u c t i n g a c c u m8 4u l8a. t6e d 1 d, 5e 2p 1r e. 7c i 1a ,t 4i o4n5 . 8
D e p re c ia tio n f o r th e y e a r
40.
1 1 7 .9 1 1 5 .1
1 ,6 7 7 . 8 2 ,1 8 0 .1 2 ,1 0 5 .5
D .O p e ra tio n :
G r o s s s a le s
1 ,2 1 1 . 2 1 ,4 8 0 .8 1 ,7 4 1 .
1 ,2 0 1 . 1 1 ,4 2 9 . 1 ,6 5 0 .7
( ii) E x p o rt s a le s
1 0 .1
5 1 .8
9 0 .3
1 ,1 4 2 . 4 1 ,4 0 3 .1 1 ,5 3 7 .4
G r o s s p ro f it
6 8 .8
7 7 .7
2 0 3 .6
O v e rh e a d a n d O th e r E x p e n s e s 1 ,2 1 6 . 1 1 ,4 7 2 .3 1 ,6 2 4 .2
O p e ra tin g p ro f it
2 3 .3
1 1 .4
119.
F in a n c i a l e x p e n s e s
148.
116.
103.
N e t p r o f it b e f o re ta x (D 5 - D 6 )
-1 2 4 .7 -1 0 4 .6
16.
5 .5
6 .8
8 .3
0 .0
0 .0
0 .0
2005
M i ll i o n
1 8 5 .7
6 3 8 .5
8 2 4 .2
0 .0
80.
1 4 5 .3
2 2 5 .3
1 ,0 4 9 .5
2006
2007
R s.
1 8 5 .7 1 8 5 .7
7 3 7 .3 6 8 1 .9
9 2 3 . 8 6 7 .6
0 .0
0 .0
0 .0
0 .0
1 4 5 . 3 9 5 .8
1 4 5 . 3 9 5 .8
1 ,0 6 8 . 1 ,2 6 3 .4
9 6 .8
6 5 .1
3 1 .7
4 3 3 .4
2 0 7 .5
7 3 7 .7
1 ,1 4 4 .3
1 ,3 6 9 .6
-4 0 6 .6
867.
-1 ,0 4 7 .5
5 7 .3
4 8 .7
8 .6
3 1 2 .6
2 3 0 .8
6 0 0 .7
1 ,0 0 5 .5
1 ,1 5 0 .5
-4 0 4 .8
6 4 7 .9
-9 4 8 .2
2002
2003
2004
2005
2006
2007
2008
2009
2 ,3 8 6 .9 2 , 5 1 3 . 2 ,6 8 0 .9 3 ,3 4 5 .7 3 ,7 6 7 .2
1 ,4 5 6 .1 1 , 4 7 3 . 1 ,5 2 8 . 2 ,2 6 4 .4 2 ,3 2 7 .9
1 0 8 .4 1 0 9 .3 1 1 3 .7
1 1 6 . 1 6 9 .6
2 ,1 9 3 .8 2 ,0 7 3 .7 2 ,3 3 8 .1 3 ,7 7 5 .8 3 ,8 0 2 .8
1 1 .1
5 .6
1 6 .7
0 .0
7 .6
7 .3
1 4 .9
3 1 .6
0 .0
3 .9
2 .8
1 .1
4 5 .5
0 .0
4 9 .4
6 8 .4
8 3 .3
-1 9 .0
7 1 .2
-6 4 .5
0 .0
8 5 .9
5 0 .6
2 .4
1 0 0 .0
8 .5
2 5 .5
3 4 .1
0 .0
3 .5
4 .9
8 .4
4 2 .4
0 .0
2 .4
1 .6
0 .8
1 3 .7
1 4 .0
3 0 .2
5 7 .6
6 5 .9
-2 7 .4
4 1 .7
-5 5 .1
0 .0
1 0 2 .4
6 9 .8
5 .4
1 0 0 .0
8 .8
3 0 .4
3 9 .2
0 .0
6 .0
7 .4
1 3 .4
5 2 .5
0 .0
5 .8
3 .9
1 .9
1 7 .7
7 .9
3 1 .3
4 7 .4
6 0 .8
-1 6 .1
4 0 .6
-4 1 .7
0 .0
1 0 7 .9
6 8 .7
5 .5
1 0 0 .0
8 .5
2 9 .1
3 7 .6
0 .0
3 .6
6 .6
1 0 .3
4 7 .8
0 .0
4 .4
3 .0
1 .4
1 9 .8
9 .5
3 3 .6
5 2 .2
6 2 .4
-1 8 .5
3 9 .5
-4 7 .7
0 .0
1 0 8 .8
6 6 .4
4 .9
1 0 0 .0
9 .0
3 5 .6
4 4 .5
0 .0
0 .0
7 .0
7 .0
5 1 .5
0 .0
2 .8
2 .3
0 .4
1 5 .1
1 1 .1
2 9 .0
4 8 .5
5 5 .5
-1 9 .5
3 1 .2
-4 5 .7
0 .0
1 2 1 .2
7 1 .0
5 .3
1 0 0 .0
7 .9
2 9 .2
3 7 .1
0 .0
0 .0
1 6 .9
1 6 .9
5 4 .0
0 .0
2 .5
2 .0
0 .4
1 5 .3
1 6 .8
3 4 .6
4 6 .0
6 2 .9
-1 1 .3
3 3 .6
-4 3 .5
0 .0
1 1 4 .7
6 5 .4
4 .9
1 0 0 .0
4 .9
3 4 .1
3 9 .0
0 .0
0 .0
7 .0
7 .0
4 6 .0
0 .0
3 .3
2 .3
1 .0
1 0 .0
2 6 .7
4 0 .0
5 4 .0
6 1 .0
-1 3 .9
3 3 .2
-5 0 .7
0 .0
8 8 .6
6 0 .0
3 .1
1 0 0 .0
4 .9
3 8 .3
4 3 .2
0 .0
0 .0
9 .4
9 .4
5 2 .6
0 .0
6 .6
2 .8
3 .8
6 .8
2 5 .3
3 8 .8
4 7 .4
5 6 .8
- 8 .6
3 1 .9
-4 0 .8
0 .0
9 9 .1
6 1 .2
4 .5
1 0 0 .0
1 ,9 2 7 .9
1 ,7 2 0 .2
2 0 7 .7
1 ,6 3 0 .2
2 9 7 .7
1 ,7 2 3 .
2 0 8 .1
1 0 8 .1
100.
9 .1
0 .0
1 0 0 .0
9 9 .2
0 .8
9 4 .3
5 .7
1 0 0 .4
1 .9
1 2 .2
-1 0 .3
0 .5
0 .0
1 0 0 .0
9 6 .5
3 .5
9 4 .8
5 .2
9 9 .4
0 .8
7 .8
-7 .1
0 .5
0 .0
1 0 0 .0
9 4 .8
5 .2
8 8 .3
1 1 .7
9 3 .3
6 .8
5 .9
0 .9
0 .5
0 .0
1 0 0 .0
8 9 .2
1 0 .8
8 4 .6
1 5 .4
8 9 .4
1 0 .8
5 .6
5 .2
0 .5
0 .0
1 0 0 .0
9 0 .4
9 .6
8 6 .4
1 3 .6
9 0 .3
1 0 .1
4 .1
6 .0
0 .5
0 .0
1 0 0 .0
9 0 .8
9 .2
8 8 .0
1 2 .0
9 2 .8
7 .4
6 .0
1 .5
0 .5
1 .1
1 0 0 .0
8 0 .2
1 9 .8
8 2 .1
1 7 .9
8 9 .6
1 3 .6
5 .8
7 .8
0 .4
1 .8
1 0 0 .0
8 5 .4
1 4 .6
8 3 .9
1 6 .1
8 8 .8
1 1 .3
6 .8
4 .5
0 .8
1 .7
3 ,0 5 8 .1
2 ,7 6 4 .1
294.
2 ,6 4 2 .8
4 1 5 .3
2 ,7 6 2 .4
3 0 7 .8
1 2 5 .7
1 8 2 .1
1 4 .2
0 .0
2008
2009
1 8 5 .7 1 8 5 .7
1 ,2 8 6 .4 1 ,4 5 6 .8
1 ,4 7 2 .1 1 ,6 4 2 .5
0 .0
0 .0
0 .0
0 .0
2 6 5 .8
358.
2 6 5 .8
358.
1 ,7 3 7 .9 2 ,0 0 0 .5
5 7 .9
1 2 4 .1 2 5 1 .6
4 7 .6
8 6 .3
1 0 7 .8
1 0 .3
3 7 .8
1 4 3 .8
3 5 8 .5 3 7 8 .2 2 5 9 .4
3 9 3 .7 1 ,0 0 9 .1 9 6 3 .9
8 1 0 . 1 1 ,5 1 1 .4 1 ,4 7 4 .9
1 ,0 7 4 .6 2 ,0 3 7 .9 1 ,8 0 2 .2
1 ,4 7 0 .4 2 ,3 0 3 .7 2 ,1 6 0 .2
-2 6 4 .5 -5 2 6 .5 -3 2 7 .3
7 8 5 . 4 1 ,2 5 2 .3 1 ,2 1 3 .1
-1 ,0 1 6 . 7 - 1 , 9 1 3 .8 -1 ,5 5 0 .6
2 ,7 2 2 .4
2 ,4 7 1 .
2 5 1 .4
2 ,3 9 5 .2
3 2 7 .2
2 ,5 2 6 .9
2 0 2 .2
1 6 2 .5
3 9 .7
1 2 .8
30.
3 ,1 4 5 .2
2 ,5 2 1 .1
6 2 4 .1
2 ,5 8 2 .3
5 6 2 .9
2 ,8 1 9 .6
4 2 6 .5
1 8 2 .3
2 4 4 .2
1 1 .3
5 5 .7
4 ,2 4 9 .9
3 ,6 3 0 .8
6 1 9 .1
3 ,5 6 7 .
6 8 2 .9
3 ,7 7 3 .8
4 7 9 .3
2 8 9 .1
1 9 0 .2
35.
7 4 .3
43
A n s a r i S u g a r M ills L td .
It e m s
2002
A .C a p ita l S tr u c t u r e :
2 4 4 .1
S u rp lu s
-1 5 4 .7
8 9 .4
0 .0
D e b e n tu r e s
0 .0
1 9 7 .3
T o t a l F i x e d L i a b il i t i e s ( A 4 + A 5 + A 6 ) 1 9 7 . 3
T o ta l C a p ita l E m p lo y e d (A 3 + A 7 ) 2 8 6 .7
B .L iq u id ity :
3 3 .7
(i)C a s h
3 3 .7
(ii) In v e s tm e n ts
0 .0
2 3 5 .2
I n v e n t o r ie s
0 .0
C u rre n t A s se ts (B 1 + B 2 + B 3 )
2 6 8 .9
C u r r e n t L i a b i li t i e s
8 9 0 .9
T o t a l L i a b i l i t ie s ( A 7 + B 5 )
1 ,0 8 8 .2
N e t C u rre n t A ss e ts (B 4 -B 5 )
-6 2 2 .
C o n t r a c t u a l L ia b i l it i e s
3 8 4 .4
-8 5 7 .2
1 ,2 9 1 .2
F i x e d a s s e t s a f t e r d e d u c t i n g a c c u m 9u0la8 t. e8 d
4 9 .9
1 ,1 7 7 .7
D .O p e r a tio n :
G ro s s s a le s
7 3 5 .2
( i ) L o c a l s a le s
7 3 5 .2
(ii) E x p o rt s a le s
0 .0
765.
G ro s s p ro fit
-2 9 .8
8 0 2 .4
O p e r a t in g p r o f i t
-5 8 .5
5 8 .7
N e t p r o fit b e fo re ta x (D 5 - D 6 )
-1 1 7 .2
T a x p r o v i s io n
3 .1
0 .0
C o m m o n siz e A n a ly sis
2003
2004
2005
2006
2007
2008
2009
2002
2003
2004
2005
2006
2007
2008
2009
2 4 4 .1
-2 2 2 .4
2 1 .7
0 .0
0 .0
6 2 4 .3
6 2 4 .3
646.
2 4 4 .1
-3 1 8 .3
-7 4 .2
0 .0
0 .0
6 0 5 .4
6 0 5 .4
5 3 1 .2
2 4 4 .1
-2 7 3 .7
-2 9 .6
0 .0
0 .0
4 8 7 .3
4 8 7 .3
4 5 7 .7
2 4 4 .1
-1 6 7 .8
7 6 .3
0 .0
0 .0
4 4 8 .5
4 4 8 .5
5 2 4 .8
2 4 4 .1
-2 4 7 .
-2 .9
0 .0
0 .0
4 0 6 .3
4 0 6 .3
4 0 3 .4
2 4 4 .1
-2 4 7 .
-2 .9
0 .0
0 .0
4 0 6 .3
4 0 6 .3
4 0 3 .4
2 4 4 .1
-2 4 7 .
- 2 .9
0 .0
0 .0
4 0 6 .3
4 0 6 .3
4 0 3 .4
2 0 .7
-1 3 .1
7 .6
0 .0
0 .0
1 6 .8
1 6 .8
2 4 .3
2 2 .0
-2 0 .0
2 .0
0 .0
0 .0
5 6 .3
5 6 .3
5 8 .2
2 1 .4
-2 7 .9
-6 .5
0 .0
0 .0
5 3 .0
5 3 .0
4 6 .5
2 3 .9
-2 6 .8
-2 .9
0 .0
0 .0
4 7 .8
4 7 .8
4 4 .9
2 1 .3
-1 4 .6
6 .7
0 .0
0 .0
3 9 .1
3 9 .1
4 5 .7
2 3 .0
-2 3 .3
-0 .3
0 .0
0 .0
3 8 .3
3 8 .3
3 8 .0
2 3 .0
-2 3 .3
-0 .3
0 .0
0 .0
3 8 .3
3 8 .3
3 8 .0
2 3 .0
-2 3 .3
- 0 .3
0 .0
0 .0
3 8 .3
3 8 .3
3 8 .0
2 6 .8
1 2 7 .2
9 0 .6
1 2 3 .6
1 6 .4
2 6 .8
1 2 7 .2
9 0 .6
1 2 3 .6
1 6 .4
0 .0
0 .0
0 .0
0 .0
0 .0
7 4 .6
9 3 .1
8 8 .2
1 2 4 .6 2 0 9 .9
1 4 2 .3
9 1 .9
4 3 .1
1 3 0 .8 1 0 4 .6
2 4 3 .7 3 1 2 .2 2 2 1 .9
379.
3 3 0 .9
4 6 3 .5 6 1 1 .4 5 6 2 .2 6 2 2 .6 6 5 7 .7
1 ,0 8 7 .8 1 ,2 1 6 .8 1 ,0 4 9 .5 1 ,0 7 1 .1 1 ,0 6 4 .
-2 1 9 .8 -2 9 9 .2 -3 4 0 .3 -2 4 3 .6 -3 2 6 .8
8 1 8 .9 8 1 1 .8 6 9 4 .9 6 8 0 .7
671.
-4 3 6 .7 -4 8 4 .2 -4 7 1 .6 -4 9 9 . -6 4 1 .3
1 6 .4
1 6 .4
0 .0
2 0 9 .9
1 0 4 .6
3 3 0 .9
6 5 7 .7
1 ,0 6 4 .
-3 2 6 .8
671.
-6 4 1 .3
1 6 .4
1 6 .4
0 .0
2 0 9 .9
1 0 4 .6
3 3 0 .9
6 5 7 .7
1 ,0 6 4 .
-3 2 6 .8
671.
-6 4 1 .3
2 .9
2 .9
0 .0
2 0 .0
0 .0
2 2 .8
7 5 .6
9 2 .4
-5 2 .8
3 2 .6
-7 2 .8
2 .4
2 .4
0 .0
6 .7
1 2 .8
2 2 .0
4 1 .8
9 8 .0
-1 9 .8
7 3 .8
-3 9 .4
1 1 .1
1 1 .1
0 .0
8 .1
8 .0
2 7 .3
5 3 .5
1 0 6 .5
-2 6 .2
7 1 .0
-4 2 .4
8 .9
8 .9
0 .0
8 .6
4 .2
2 1 .8
5 5 .1
1 0 2 .9
-3 3 .4
6 8 .1
-4 6 .2
1 0 .8
1 0 .8
0 .0
1 0 .9
1 1 .4
3 3 .0
5 4 .3
9 3 .4
-2 1 .2
5 9 .3
-4 3 .5
1 .5
1 .5
0 .0
1 9 .8
9 .9
3 1 .2
6 2 .0
1 0 0 .3
-3 0 .8
6 3 .2
-6 0 .4
1 .5
1 .5
0 .0
1 9 .8
9 .9
3 1 .2
6 2 .0
1 0 0 .3
-3 0 .8
6 3 .2
-6 0 .4
1 .5
1 .5
0 .0
1 9 .8
9 .9
3 1 .2
6 2 .0
1 0 0 .3
-3 0 .8
6 3 .2
-6 0 .4
1 ,2 9 5 .5 1 ,3 0 2 .9 1 ,3 1 4 .2 1 ,3 2 6 .5 1 ,3 2 9 .3 1 ,3 2 9 .3 1 ,3 2 9 .3
d 8e 6p 5r e. 8c i a t 8i o3n0 . 4 7 9 7 . 9 7 6 8 . 3 7 3 0 . 2 7 3 0 . 2 7 3 0 . 2
4 7 .7
4 4 .4
4 4 .1
4 4 .4
4 2 .7
4 2 .7
4 2 .7
1 ,1 0 9 .5 1 ,1 4 2 .6 1 ,0 1 9 .8 1 ,1 4 7 .3 1 ,0 6 1 .1 1 ,0 6 1 .1 1 ,0 6 1 .1
1 0 9 .6
7 7 .2
4 .2
1 0 0 .0
1 1 6 .8
7 8 .0
4 .3
1 0 0 .0
1 1 4 .0
7 2 .7
3 .9
1 0 0 .0
1 2 8 .9
7 8 .2
4 .3
1 0 0 .0
1 1 5 .6
6 7 .0
3 .9
1 0 0 .0
1 2 5 .3
6 8 .8
4 .0
1 0 0 .0
1 2 5 .3
6 8 .8
4 .0
1 0 0 .0
1 2 5 .3
6 8 .8
4 .0
1 0 0 .0
1 ,1 4 5 .9
1 ,1 4 5 .9
0 .0
1 ,1 0 7 .6
3 8 .3
1 ,1 4 5 .5
.4
6 1 .7
-6 1 .3
4 .9
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 0 4 .1
-4 .1
1 0 9 .1
-8 .0
8 .0
-1 5 .9
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 6 .7
3 .3
1 0 0 .0
0 .0
5 .4
-5 .3
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 0 0 .4
-0 .4
1 0 3 .9
-3 .7
5 .2
-8 .9
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 8 .0
2 .0
1 0 3 .1
-2 .3
1 .4
-3 .7
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 7 .2
1 2 .8
9 0 .6
9 .4
0 .9
8 .6
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 0 0 .3
-0 .3
1 0 3 .9
-3 .8
0 .8
-4 .6
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 0 0 .3
-0 .3
1 0 3 .9
-3 .8
0 .8
-4 .6
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 0 0 .3
- 0 .3
1 0 3 .9
- 3 .8
0 .8
- 4 .6
0 .4
0 .0
1 ,0 4 5 .2
1 ,0 4 5 .2
0 .0
1 ,0 4 9 .5
- 4 .3
1 ,0 8 5 .7
-3 8 .7
5 4 .2
-9 2 .9
4 .5
0 .0
9 5 7 .9
9 5 7 .9
0 .0
9 3 9 .2
1 8 .7
9 8 7 .9
-2 2 .1
1 3 .6
-3 5 .7
4 .2
0 .0
1 ,5 7 4 .7
1 ,5 7 4 .7
0 .0
1 ,3 7 2 .5
2 0 2 .2
1 ,4 2 6 .8
1 4 8 .5
1 3 .5
135.
6 .8
0 .0
1 ,5 8 0 .3
1 ,5 8 0 .3
0 .0
1 ,5 8 4 .8
-4 .5
1 ,6 4 1 .5
-5 9 .5
1 2 .9
-7 2 .4
6 .9
0 .0
1 ,5 8 0 .3
1 ,5 8 0 .3
0 .0
1 ,5 8 4 .8
-4 .5
1 ,6 4 1 .5
-5 9 .5
1 2 .9
-7 2 .4
6 .9
0 .0
1 ,5 8 0 .3
1 ,5 8 0 .3
0 .0
1 ,5 8 4 .8
- 4 .5
1 ,6 4 1 .5
-5 9 .5
1 2 .9
-7 2 .4
6 .9
0 .0
44
B a b a F a r id S u g a r M ills L td .
Ite m s
2002
2003
2004
2005
2006
9 4 .5
9 4 .5
9 4 .5
9 4 .5
9 4 .5
S u r p lu s
-6 9 .7
-7 3 .7 -1 1 4 .6 -1 0 3 .7 -1 0 .2
2 4 .8
2 0 .8
-2 0 .1
-9 .2
8 4 .3
0 .0
0 .0
0 .0
0 .0
0 .0
D e b e n tu re s
0 .0
0 .0
0 .0
0 .0
0 .0
1 1 6 .7 1 4 4 .9 1 8 5 .6 1 9 4 .3 1 3 4 .9
T o t a l F i x e d L i a b i l i t i e s ( A 4 + A 5 + A 6 1) 1 6 . 7 1 4 4 . 9 1 8 5 . 6 1 9 4 . 3 1 3 4 . 9
T o ta l C a p it a l E m p lo y e d ( A 3 + A 7 ) 1 4 1 .5 1 6 5 .7 1 6 5 .5 1 8 5 .1 2 1 9 .2
B .L iq u id it y :
8 6 .1
6 1 .6
10.
2 6 5 .6
79.
(i)C a s h
1 .8
1 0 .6
10.
5 0 .6
79.
8 4 .3
51.
0 .0
215.
0 .0
1 3 0 .5
6 1 .4
2 4 5 .7
9 8 .9
1 4 7 .4
In v e n to rie s
0 .0
3 7 .8
1 8 4 .7 2 4 8 .1 2 3 8 .4
2 1 6 .6 1 6 0 .8 4 4 0 .4 6 1 2 .6 4 6 4 .8
2 9 8 .3
2 1 7 . 4 9 0 .6 6 4 7 .5 5 8 6 .8
4 1 5 . 3 6 1 .9 6 7 6 .2 8 4 1 .8 7 2 1 .7
-8 1 .7
-5 6 .2
-5 0 .2
-3 4 .9
-1 2 2 .
2 7 2 .5 2 4 1 .5 4 1 2 .5 6 6 4 .1 4 9 7 .5
-2 1 2 .2 -1 5 5 .4 -4 8 0 .6 -3 8 1 .9 -5 0 7 .8
6 0 4 .4 6 1 9 .1 6 2 4 .5 6 3 9 .8 7 7 2 .1
F i x e d a s s e t s a f t e r d e d u c t i n g a c c u m2 2u3l .a2t e d 2d2e1p. 9r e c i 2a 1t i 5o .n9
2 2 0 . 3 4 1 .1
1 5 .8
16.
1 1 .5
1 1 .1
1 1 .4
4 3 9 .8 3 8 2 .7 6 5 6 .3 8 3 2 .6 8 0 5 .9
G ro s s s a le s
1 ,3 1 4 .9 7 4 4 . 4 5 6 .1 7 0 3 .2 9 4 7 .8
7 1 2 .9
7 4 4 . 4 5 6 .1 7 0 3 .2 9 4 7 .8
602.
0 .0
0 .0
0 .0
0 .0
1 ,2 0 4 . 6 7 6 .1 4 3 2 .6 5 8 5 .2 8 4 6 .7
G ro s s p r o f it
1 1 0 .9
6 7 .9
2 3 .5
1 1 8 . 1 0 1 .1
O v e rh e a d a n d O th e r E x p e n s e s 1 ,2 3 7 . 7 1 0 .4
4 6 7 . 6 2 2 .9 8 8 9 .9
O p e ra tin g p ro fit
9 0 .2
42.
-1 0 .5
8 9 .6
6 2 .1
6 3 .2
4 3 .2
4 7 .1
7 6 .8
8 2 .9
N e t p r o f it b e fo re t a x ( D 5 - D 6 )
27.
-1 .2
-5 7 .6
1 2 .8
-2 0 .8
3 .3
3 .3
2.
3 .4
4 .4
1 1 .8
0 .0
0 .0
0 .0
0 .0
2007
2008
2009
2002
2003
2004
2005
2006
2007
2008
2009
9 4 .5
-1 6 4 .
-6 9 .5
0 .0
0 .0
1 4 8 .8
1 4 8 .8
7 9 .3
9 4 .5
3 7 8 .1
4 7 2 .6
0 .0
0 .0
2 1 0 .6
2 1 0 .6
6 8 3 .2
9 4 .5
2 7 2 .2
3 6 6 .7
0 .0
0 .0
1 6 7 .6
1 6 7 .6
5 3 4 .3
2 1 .5
-1 5 .8
5 .6
0 .0
0 .0
2 6 .5
2 6 .5
3 2 .2
2 4 .7
-1 9 .3
5 .4
0 .0
0 .0
3 7 .9
3 7 .9
4 3 .3
1 4 .4
-1 7 .5
-3 .1
0 .0
0 .0
2 8 .3
2 8 .3
2 5 .2
1 1 .3
-1 2 .5
- 1 .1
0 .0
0 .0
2 3 .3
2 3 .3
2 2 .2
1 1 .7
-1 .3
1 0 .5
0 .0
0 .0
1 6 .7
1 6 .7
2 7 .2
9 .9
-1 7 .2
-7 .3
0 .0
0 .0
1 5 .6
1 5 .6
8 .3
7 .3
2 9 .3
3 6 .7
0 .0
0 .0
1 6 .3
1 6 .3
5 3 .0
7 .8
2 2 .4
3 0 .2
0 .0
0 .0
1 3 .8
1 3 .8
4 3 .9
7 1 .4
7 1 .4
0 .0
1 1 4 .6
4 0 6 .5
5 9 2 .5
8 7 3 .9
1 ,0 2 2 .7
-2 8 1 .4
7 7 6 .6
-8 0 2 .5
2 9 .4
2 9 .4
0 .0
1 1 9 .7
6 .5
1 5 5 .6
6 0 5 .1
8 1 5 .7
-4 4 9 .5
2 6 7 .6
-5 7 5 .7
7 .9
7 .9
0 .0
1 2 4 .8
4 .2
1 3 6 .9
6 8 1 .9
8 4 9 .5
-5 4 5 .
2 0 6 .3
-6 7 4 .
1 9 .6
0 .4
1 9 .2
2 9 .7
0 .0
4 9 .2
6 7 .8
9 4 .4
-1 8 .6
6 2 .0
-4 8 .2
1 6 .1
2 .8
1 3 .3
1 6 .0
9 .9
4 2 .0
5 6 .7
9 4 .6
-1 4 .7
6 3 .1
-4 0 .6
1 .5
1 .5
0 .0
3 7 .4
2 8 .1
6 7 .1
7 4 .8
1 0 3 .0
-7 .6
6 2 .9
-7 3 .2
3 1 .9
6 .1
2 5 .8
1 1 .9
2 9 .8
7 3 .6
7 7 .8
1 0 1 .1
- 4 .2
7 9 .8
-4 5 .9
9 .8
9 .8
0 .0
1 8 .3
2 9 .6
5 7 .7
7 2 .8
8 9 .6
-1 5 .1
6 1 .7
-6 3 .0
7 .5
7 .5
0 .0
1 2 .0
4 2 .7
6 2 .2
9 1 .7
1 0 7 .3
-2 9 .5
8 1 .5
-8 4 .2
2 .3
2 .3
0 .0
9 .3
0 .5
1 2 .1
4 7 .0
6 3 .3
-3 4 .9
2 0 .8
-4 4 .7
0 .6
0 .6
0 .0
1 0 .3
0 .3
1 1 .3
5 6 .1
6 9 .8
-4 4 .8
1 7 .0
-5 5 .4
8 0 3 .8 1 ,5 8 9 .1 1 ,5 8 8 .7
3 6 0 .6 1 ,1 3 2 .7 1 ,0 7 9 .3
1 2 .2
1 3 .1
53.
9 5 3 .1 1 ,2 8 8 .3 1 ,2 1 6 .2
1 3 7 .4
5 0 .8
3 .6
1 0 0 .0
1 6 1 .8
5 8 .0
4 .2
1 0 0 .0
9 5 .2
3 2 .9
1 .8
1 0 0 .0
7 6 .8
2 6 .4
1 .3
1 0 0 .0
9 5 .8
4 2 .3
1 .4
1 0 0 .0
8 4 .3
3 7 .8
1 .3
1 0 0 .0
1 2 3 .3
8 7 .9
1 .0
1 0 0 .0
1 3 0 .6
8 8 .7
4 .4
1 0 0 .0
5 8 8 .7
5 8 8 .7
0 .0
586.
2 .7
6 3 1 .7
-4 2 .5
9 6 .7
-1 3 9 .2
3 .2
0 .0
1 0 0 .0
5 4 .2
4 5 .8
9 1 .6
8 .4
9 4 .1
6 .9
4 .8
2 .1
0 .3
0 .9
1 0 0 .0
1 0 0 .0
0 .0
9 0 .9
9 .1
9 5 .5
5 .6
5 .8
- 0 .2
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 4 .8
5 .2
1 0 2 .4
-2 .3
1 0 .3
-1 2 .6
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 3 .2
1 6 .8
8 8 .6
1 2 .7
1 0 .9
1 .8
0 .5
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 9 .3
1 0 .7
9 3 .9
6 .6
8 .7
-2 .2
0 .5
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 9 .5
0 .5
1 0 7 .3
-7 .2
1 6 .4
-2 3 .6
0 .5
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 5 .7
4 .3
9 9 .2
2 .9
4 .9
-2 .0
0 .0
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 0 4 .6
-4 .6
1 1 3 .4
-1 3 .3
6 .7
-2 0 .0
0 .5
0 .0
1 ,3 0 8 .4
1 ,3 0 8 .4
0 .0
1 ,2 5 1 .5
5 6 .9
1 ,2 9 7 .5
3 7 .4
6 3 .6
-2 6 .2
0 .0
0 .0
5 7 9 .3
5 7 9 .3
0 .0
6 0 6 .2
-2 6 .9
6 5 6 .8
-7 6 .8
39.
-1 1 5 .8
3 .1
0 .0
45
B a w a n y S u g a r M ills L td .
Ite m s
2002
2003
2004
8 7 .2
8 7 .2
8 7 .2
S u r p lu s
-5 3 1 .7 -7 1 3 .6 -7 1 3 .8
-4 4 4 .5 -6 2 6 .4 -6 2 6 .6
0 .0
0 .0
0 .0
D e b e n tu re s
0 .0
0 .0
0 .0
O th e r F ix e d L ia b iliti e s
0 .0
8.
2 1 4 .9
T o ta l F ix e d L ia b ilitie s ( A 4 + A 5 + A 6 ) 0 . 0
8.
2 1 4 .9
T o ta l C a p ita l E m p lo y e d ( A 3 + A 7 ) -4 4 4 .5 -6 1 8 .4 - 4 1 1 .7
B .L iq u id ity :
1 .4
1 .7
2 .7
( i) C a s h
1.
1 .3
2 .3
.4
.4
.4
3 5 0 .9 2 1 2 .7 2 0 7 .6
In v e n to rie s
0 .0
1 .1
2 .1
3 5 2 .3 2 1 5 .5 2 1 2 .4
1 ,0 8 2 .3 1 ,1 0 0 .4 8 6 5 .1
1 ,0 8 2 .3 1 ,1 0 8 .4 1 ,0 8 0 .
-7 3 0 . -8 8 4 .9 -6 5 2 .7
3 6 9 .9 3 5 1 .9 4 5 7 .1
- 1 , 0 8 0 . 9- 1 , 0 9 8 . 7 - 8 6 2 . 4
7 2 0 .2 7 3 0 .9 7 3 1 .6
F i x e d a s s e t s a f t e r d e d u c t i n g a c c u 2m8 u5 l.a5 t e d2 d6 e6 p. 5r e c i a2 t4i o1 n.
3 1 .9
2 9 .7
2 6 .9
6 3 7 .8
4 8 2 . 4 5 3 .4
G ro s s s a le s
4 9 3 . 6 7 9 .4 6 6 1 .5
4 9 3 . 6 7 9 .4 6 6 1 .5
0 .0
0 .0
0 .0
6 0 8 .5 6 3 8 .7 6 7 0 .9
G ro s s p r o f it
-1 1 5 .5 4 0 .7
-9 .4
O v e rh e a d a n d O th e r E x p e n s e s 6 5 1 . 6 9 2 .4 7 3 3 .5
-1 5 7 .4
.8
2 9 .2
1 0 0 .4
7 2 .6
5 4 .5
N e t p r o f it b e f o re t a x ( D 5 - D 6 )
-2 5 7 .8 -7 1 .8 -2 5 .3
2 .1
2 .9
2 .8
0 .0
0 .0
0 .0
2005
2006
2007
2008
2009
2002
2003
2004
2005
2006
2007
2008
2009
8 7 .2
8 7 .2
8 7 .2
8 7 .2
8 7 .2
-7 8 8 .7 -8 2 1 .6 -8 6 4 .3 -8 3 3 .5 -7 3 2 .
-7 0 1 .5 -7 3 4 .4 -7 7 7 .1 -7 4 6 .3 -6 4 4 .8
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
5 9 4 .9 4 0 7 .5 6 9 7 .6 5 3 1 .3
0 .0
5 9 4 .9 4 0 7 .5 6 9 7 .6 5 3 1 .3
0 .0
-1 0 6 .6 -3 2 6 .9 -7 9 .5 -2 1 5 . -6 4 4 .8
1 3 .7
-8 3 .4
-6 9 .7
0 .0
0 .0
0 .0
0 .0
-6 9 .7
1 8 .1
-1 4 8 .0
-1 3 0 .0
0 .0
0 .0
1 .7
1 .7
-1 2 8 .3
1 9 .2
-1 5 7 .4
-1 3 8 .2
0 .0
0 .0
4 7 .4
4 7 .4
-9 0 .8
1 9 .4
-1 7 5 .4
-1 5 6 .0
0 .0
0 .0
1 3 2 .3
1 3 2 .3
-2 3 .7
2 3 .1
-2 1 7 .4
-1 9 4 .3
0 .0
0 .0
1 0 7 .8
1 0 7 .8
-8 6 .5
2 6 .3
-2 6 0 .9
-2 3 4 .6
0 .0
0 .0
2 1 0 .6
2 1 0 .6
-2 4 .0
2 5 .6
-2 4 4 .9
-2 1 9 .3
0 .0
0 .0
1 5 6 .1
1 5 6 .1
-6 3 .2
2 9 .4
-2 4 7 .2
-2 1 7 .8
0 .0
0 .0
0 .0
0 .0
-2 1 7 .8
1 .5
1 .5
0 .0
1 8 3 .5
0 .0
185.
5 5 6 .2
1 ,1 5 1 .1
-3 7 1 .2
6 9 2 .6
-5 5 4 .7
4 .9
4 .9
0 .0
1 2 6 .4
0 .0
1 3 1 .3
7 0 4 .7
1 ,1 1 2 .2
-5 7 3 .4
4 3 5 .4
-6 9 9 .8
2 .2
2 .2
0 .0
1 0 3 .6
0 .0
1 0 5 .8
4 1 0 .9
1 ,1 0 8 .5
-3 0 5 .1
7 0 8 .5
-4 0 8 .7
4 .8
4 .8
0 .0
1 1 2 .9
0 .0
1 1 7 .7
5 5 5 .4
1 ,0 8 6 .7
-4 3 7 .7
6 7 9 .8
-5 5 0 .6
.6
.6
0 .0
9 4 .4
0 .0
95.
9 4 0 .9
9 4 0 .9
-8 4 5 .9
155.
-9 4 0 .3
0 .2
0 .2
0 .1
5 5 .0
0 .0
5 5 .2
1 6 9 .7
1 6 9 .7
-1 1 4 .5
5 8 .0
-1 6 9 .5
0 .4
0 .3
0 .1
4 4 .1
0 .2
4 4 .7
2 2 8 .3
2 3 0 .0
-1 8 3 .6
7 3 .0
-2 2 7 .9
0 .6
0 .5
0 .1
4 5 .8
0 .5
4 6 .8
1 9 0 .8
2 3 8 .2
-1 4 4 .0
1 0 0 .8
-1 9 0 .2
0 .3
0 .3
0 .0
4 0 .8
0 .0
4 1 .1
1 2 3 .7
2 5 6 .0
-8 2 .5
1 5 4 .0
-1 2 3 .3
1 .3
1 .3
0 .0
3 3 .4
0 .0
3 4 .7
1 8 6 .5
2 9 4 .3
-1 5 1 .7
1 1 5 .2
-1 8 5 .2
0 .7
0 .7
0 .0
3 1 .3
0 .0
3 1 .9
1 2 4 .0
3 3 4 .6
-9 2 .1
2 1 3 .9
-1 2 3 .4
1 .4
1 .4
0 .0
3 3 .2
0 .0
3 4 .6
1 6 3 .2
3 1 9 .3
-1 2 8 .6
1 9 9 .8
-1 6 1 .8
0 .2
0 .2
0 .0
3 1 .9
0 .0
3 2 .1
3 1 7 .8
3 1 7 .8
-2 8 5 .7
5 2 .3
-3 1 7 .6
7 7 9 .6
2 6 4 .7
2 4 .4
4 4 9 .7
7 8 6 .1
2 4 6 .6
2 4 .4
3 7 7 .9
7 8 7 .2
2 2 5 .5
2 2 .4
3 3 1 .3
8 0 7 .2
2 2 2 .6
2 2 .9
3 4 0 .3
8 0 7 .2
2 0 1 .1
2 1 .5
2 9 6 .1
1 1 2 .9
4 4 .8
5 .0
1 0 0 .0
1 5 1 .6
5 5 .3
6 .2
1 0 0 .0
1 6 1 .4
5 3 .2
5 .9
1 0 0 .0
1 7 3 .4
5 8 .9
5 .4
1 0 0 .0
2 0 8 .0
6 5 .3
6 .5
1 0 0 .0
2 3 7 .6
6 8 .1
6 .8
1 0 0 .0
2 3 7 .2
6 5 .4
6 .7
1 0 0 .0
2 7 2 .6
6 7 .9
7 .3
1 0 0 .0
1 5 4 .3
1 5 4 .3
0 .0
1 6 5 .8
-1 1 .5
2 1 8 .2
-2 2 .8
1 3 .5
-3 6 .3
.7
0 .0
1 7 9 .4
1 7 9 .4
0 .0
2 2 3 .8
-4 4 .4
2 3 0 .6
-2 2 .2
1 0 .3
-3 2 .5
.8
0 .0
1 7 7 .3
1 7 7 .3
0 .0
2 1 1 .2
-3 3 .9
2 1 9 .2
-4 1 .5
.2
-4 1 .7
.9
0 .0
2 9 1 .2
2 9 1 .2
0 .0
2 5 8 .6
3 2 .6
2 6 6 .5
3 1 .1
.4
3 0 .7
0 .0
0 .0
58.
58.
0 .0
1 4 8 .8
-9 0 .8
161.
1 0 2 .7
.9
1 0 1 .8
.3
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 2 3 .4
-2 3 .4
1 3 2 .0
-3 1 .9
2 0 .4
-5 2 .3
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 4 .0
6 .0
1 0 1 .9
0 .1
1 0 .7
-1 0 .6
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 0 1 .4
-1 .4
1 1 0 .9
4 .4
8 .2
-3 .8
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 0 7 .5
-7 .5
1 4 1 .4
-1 4 .8
8 .7
-2 3 .5
0 .5
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 2 4 .7
-2 4 .7
1 2 8 .5
-1 2 .4
5 .7
-1 8 .1
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 1 9 .1
-1 9 .1
1 2 3 .6
-2 3 .4
0 .1
-2 3 .5
0 .5
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 8 .8
1 1 .2
9 1 .5
1 0 .7
0 .1
1 0 .5
0 .0
0 .0
1 0 0 .0
1 0 0 .0
0 .0
2 5 6 .6
-1 5 6 .6
2 7 7 .6
1 7 7 .1
1 .6
1 7 5 .5
0 .5
0 .0
46
C h a s h m a S u g a r M ills L td .
Ite m s
2002
2003
2004
1 9 1 .3 1 9 1 .3 1 9 1 .3
S u r p lu s
2 9 0 .4 2 4 4 .9
266.
4 8 1 .7 4 3 6 .2 4 5 7 .3
0 .0
0 .0
0 .0
D e b e n tu re s
0 .0
0 .0
0 .0
.7
.3
2 6 3 .9
T o ta l F ix e d L ia b ilitie s ( A 4 + A 5 + A 6 ) .7
.3
2 6 3 .9
T o ta l C a p it a l E m p lo y e d ( A 3 + A 7 ) 4 8 2 . 4 4 3 6 .5 7 2 1 . 2
B .L iq u id ity :
3 8 .5
1 6 .5
1 8 .6
(i)C a s h
3 8 .5
1 6 .5
1 8 .6
0 .0
0 .0
0 .0
2 0 1 .5 1 2 4 .4 1 4 5 .3
In v e n to r ie s
0 .0
4 8 9 .6 1 2 8 .7
2 4 0 . 6 3 0 .5 2 9 2 .6
1 4 5 .8 5 7 7 .8 2 7 5 .7
1 4 6 .5 5 7 8 .1 5 3 9 .6
9 4 .2
5 2 .7
1 6 .9
1 .8
5 2 3 .2 3 2 1 .6
-1 0 7 .3 - 5 6 1 .3 - 2 5 7 .1
8 9 3 . 9 2 6 .9 1 ,2 8 2 .5
F i x e d a s s e t s a f t e r d e d u c t i n g a c c u m3 u8 l8a. t1e d d3 e8 p3 r. e9 c i a 7t i 0o 4n . 2
4 0 .3
39.
3 5 .3
T o ta l a s s e ts ( B 4 + C 2 )
6 2 8 .1 1 ,0 1 4 .4 9 9 6 .8
G ro s s s a le s
1 ,5 2 2 .8 6 8 2 . 1 ,6 2 2 .5
1 ,5 2 2 .8 6 8 2 . 1 ,1 2 8 .6
0 .0
0 .0
4 9 3 .9
1 ,3 4 2 .7 6 8 2 .4 1 ,5 3 8 .7
G ro s s p r o f it
1 8 0 .1
-.4
8 3 .8
O v e rh e a d a n d O th e r E x p e n s e s 1 ,3 8 0 .2 7 1 1 .2 1 ,5 7 5 .5
1 4 7 .5 -2 6 .5
5 0 .5
2 3 .4
1 6 .1
1 7 .3
1 2 4 .1 -4 2 .6
3 3 .2
0 .0
3.
11.
5 7 .4
0 .0
0 .0
2005
2006
2007
2002
2003
2004
2005
2006
2007
2008
2009
1 9 1 .3 1 9 1 .3 1 9 1 .3 2 8 6 .9 2 8 6 .9
3 4 3 .8 2 9 3 .7 -6 3 .3 8 3 0 .7 6 1 2 .7
5 3 5 .1
485.
1 2 8 . 1 ,1 1 7 .6 8 9 9 .6
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
3 7 5 .9 1 ,2 4 8 .5 9 4 9 .5 9 2 8 .3 1 ,2 2 9 .7
3 7 5 .9 1 ,2 4 8 .5 9 4 9 .5 9 2 8 .3 1 ,2 2 9 .7
9 1 1 . 1 ,7 3 3 .5 1 ,0 7 7 .5 2 ,0 4 5 .9 2 ,1 2 9 .3
3 0 .5
4 6 .2
7 6 .7
0 .0
0 .0
0 .1
0 .1
7 6 .8
1 8 .9
2 4 .1
4 3 .0
0 .0
0 .0
0 .0
0 .0
4 3 .0
1 9 .2
2 6 .7
4 5 .9
0 .0
0 .0
2 6 .5
2 6 .5
7 2 .4
1 3 .3
2 3 .8
3 7 .1
0 .0
0 .0
2 6 .1
2 6 .1
6 3 .2
7 .9
1 2 .1
2 0 .0
0 .0
0 .0
5 1 .6
5 1 .6
7 1 .6
5 .5
-1 .8
3 .7
0 .0
0 .0
2 7 .4
2 7 .4
3 1 .1
6 .4
1 8 .4
2 4 .8
0 .0
0 .0
2 0 .6
2 0 .6
4 5 .4
8 .1
1 7 .3
2 5 .5
0 .0
0 .0
3 4 .8
3 4 .8
6 0 .2
3 8 .9
1 0 2 .5
3 8 .9
1 0 2 .5
0 .0
0 .0
2 6 1 .9 2 5 3 .6
9 7 .1
2 6 3 .3
3 9 7 .9 6 1 9 .4
5 3 0 .7 6 8 7 .4
9 0 6 .6 1 ,9 3 5 .9
-1 3 2 .8
-6 8 .
7 3 2 .5 1 ,7 5 3 .1
-4 9 1 .8 -5 8 4 .9
4 2 .6
4 6 .3
21.
4 2 .6
4 6 .3
21.
0 .0
0 .0
0 .0
3 8 4 .6 3 0 4 .5 2 9 7 .2
1 ,1 3 1 .2 1 ,4 3 8 .1 7 0 1 .4
1 ,5 5 8 .4 1 ,7 8 8 .9 1 ,0 1 9 .6
2 ,3 8 2 .8 2 ,4 6 2 .5 1 ,4 0 5 .3
3 ,3 3 2 .3 3 ,3 9 0 .8 2 ,6 3 5 .
- 8 2 4 .4 -6 7 3 .6 -3 8 5 .7
3 ,0 4 6 .5 2 ,5 1 0 .8 2 ,1 9 1 .4
-2 ,3 4 0 .2 -2 ,4 1 6 .2 -1 ,3 8 4 .3
6 .1
6 .1
0 .0
3 2 .1
0 .0
3 8 .2
2 3 .2
2 3 .3
1 5 .0
0 .3
-1 7 .1
1 .6
1 .6
0 .0
1 2 .3
4 8 .3
6 2 .2
5 7 .0
5 7 .0
5 .2
5 1 .6
-5 5 .3
1 .9
1 .9
0 .0
1 4 .6
1 2 .9
2 9 .4
2 7 .7
5 4 .1
1 .7
3 2 .3
-2 5 .8
2 .7
2 .7
0 .0
1 8 .2
6 .7
2 7 .6
3 6 .8
6 2 .9
- 9 .2
5 0 .8
-3 4 .1
4 .2
4 .2
0 .0
1 0 .5
1 0 .9
2 5 .6
2 8 .4
8 0 .0
-2 .8
7 2 .4
-2 4 .2
1 .2
1 .2
0 .0
1 1 .1
3 2 .7
4 5 .0
6 8 .9
9 6 .3
-2 3 .8
8 8 .0
-6 7 .6
1 .0
1 .0
0 .0
6 .8
3 1 .9
3 9 .7
5 4 .6
7 5 .2
-1 4 .9
5 5 .7
-5 3 .6
0 .6
0 .6
0 .0
8 .4
1 9 .8
2 8 .8
3 9 .8
7 4 .5
-1 0 .9
6 2 .0
-3 9 .2
1 ,7 2 3 .4 2 ,5 6 0 .7 2 ,8 5 1 .9 3 ,1 2 3 .6 3 ,1 5 6 .8
1 ,0 4 3 .7 1 ,8 0 1 .4 1 ,9 0 2 . 2 ,7 1 9 .6 2 ,5 1 5 .1
1 0 0 .8
91.
1 7 7 .5 2 2 7 .5 2 5 7 .1
1 ,4 4 1 .6 2 ,4 2 0 .8 3 ,4 6 0 .4 4 ,5 0 8 .5 3 ,5 3 4 .7
1 4 2 .2
6 1 .8
6 .4
1 0 0 .0
9 1 .4
3 7 .8
3 .8
1 0 0 .0
1 2 8 .7
7 0 .6
3 .5
1 0 0 .0
1 1 9 .5
7 2 .4
7 .0
1 0 0 .0
1 0 5 .8
7 4 .4
3 .8
1 0 0 .0
8 2 .4
5 5 .0
5 .1
1 0 0 .0
6 9 .3
6 0 .3
5 .0
1 0 0 .0
8 9 .3
7 1 .2
7 .3
1 0 0 .0
1 ,4 1 4 .
1 ,2 4 5 .2
1 6 8 .8
1 ,1 8 7 .2
2 2 6 .8
1 ,2 3 3 .8
1 8 2 .3
4 4 .2
1 3 8 .1
7 .5
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 8 .2
1 1 .8
9 0 .6
9 .7
1 .5
8 .1
0 .0
3 .8
1 0 0 .0
1 0 0 .0
0 .0
1 0 0 .1
-0 .1
1 0 4 .3
-3 .9
2 .4
-6 .2
0 .4
0 .0
1 0 0 .0
6 9 .6
3 0 .4
9 4 .8
5 .2
9 7 .1
3 .1
1 .1
2 .0
0 .7
0 .0
1 0 0 .0
8 8 .1
1 1 .9
8 4 .0
1 6 .0
8 7 .3
1 2 .9
3 .1
9 .8
0 .5
0 .0
1 0 0 .0
9 7 .2
2 .8
9 5 .9
4 .1
9 9 .1
2 .1
6 .3
-4 .3
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 0 3 .7
-3 .7
1 0 6 .8
-6 .6
1 3 .3
-1 9 .9
0 .4
0 .0
1 0 0 .0
7 3 .2
2 6 .8
8 7 .9
1 2 .1
9 0 .5
9 .8
1 1 .9
-2 .0
0 .3
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 0 .7
9 .3
9 2 .8
7 .5
1 1 .1
-3 .6
0 .5
0 .0
1 ,3 6 0 .8
1 ,3 2 2 .9
3 7 .9
1 ,3 0 5 .5
5 5 .3
1 ,3 4 8 .5
2 8 .1
8 6 .4
-5 8 .3
6.
0 .0
1 ,8 9 6 .5
1 ,8 9 6 .5
0 .0
1 ,9 6 7 .6
-7 1 .1
2 ,0 2 4 .7
-1 2 5 .3
2 5 2 .2
-3 7 7 .5
8 .2
0 .0
2008
2 ,8 5 8 .9
2 ,0 9 3 .3
7 6 5 .6
2 ,5 1 2 .9
346.
2 ,5 8 8 .6
2 8 1 .5
3 3 8 .8
-5 7 .3
8 .4
0 .0
2009
3 ,9 6 3 .6
3 ,9 6 3 .6
0 .0
3 ,5 9 5 .6
368.
3 ,6 7 8 .2
2 9 7 .9
4 3 8 .7
-1 4 0 .8
1 9 .9
0 .0
47
C r e s c e n t S u g a r M ills A n d D is t ille r y L td .
Ite m s
2002
2003
2004
O rd in a ry S h a r e C a p ita l
190.
190.
190.
S u r p lu s
1 9 8 .5
225.
2 8 0 .1
3 8 8 .5
415.
4 7 0 .1
P re f re n c e S h a re s
0 .0
0 .0
0 .0
D e b e n tu re s
0 .0
0 .0
0 .0
3 8 .5
8 2 .5
83.
T o ta l F ix e d L ia b ilitie s ( A 4 + A 5 + A 6 ) 3 8 .5
8 2 .5
83.
T o ta l C a p ita l E m p lo y e d (A 3 + A 7 ) 4 2 7 . 4 9 7 .5 5 5 3 .1
B .L iq u id it y :
1 3 1 .7 2 2 3 .1 3 2 8 .4
(i) C a s h
4 .6
3 .9
1 1 .8
1 2 7 .1 2 1 9 .2 3 1 6 .6
2 6 5 .4 1 5 3 .2 1 9 1 .9
In v e n to rie s
0 .0
2 5 1 .4 3 6 8 .4
3 9 7 .1 6 2 7 .7 8 8 8 .7
2 6 2 .3 5 3 0 .2
763.
3 0 0 .8 6 1 2 .7
846.
1 3 4 .8
9 7 .5
1 2 5 .7
9 2 .6
2 7 3 .3 6 1 1 .2
N e t liq u id a s s e ts (B 1 - B 5 )
-1 3 0 .6 -3 0 7 .1 -4 3 4 .6
8 1 9 .5
9 5 6 . 1 ,0 2 9 .4
F i x e d a s s e t s a f t e r d e d u c t i n g a c c u m2 u9 l2a. t2e d d 4e 0p 0r e. c i a 4t i 2o 7n . 5
2 8 .3
2 8 .7
47.
6 8 9 .3 1 ,0 2 7 .7 1 ,3 1 6 .2
G ro s s s a le s
1 ,4 8 9 .6 1 ,2 0 2 .1 2 ,0 1 1 .7
(i) L o c a l s a le s
1 ,0 8 1 .9 9 1 3 .8 1 ,6 0 1 .8
(ii)E x p o r t s a le s
4 0 7 .7 2 8 8 .3 4 0 9 .9
1 ,3 1 6 .5 1 ,1 4 9 . 1 ,9 8 4 .
G ro s s p r o f it
1 7 3 .1
5 3 .1
2 7 .7
1 0 3 .5
2 9 .2
-6 .6
4 4 .1
5 0 .6
4 3 .2
5 9 .4
-2 1 .4
-4 9 .8
T a x p ro v is io n
2 6 .4
6 .8
9 .5
2 8 .5
0 .0
0 .0
( M illio n R u p e e s )
2005
2006
2007
2008
2009
2002
2003
2004
2005
2006
2007
2008
2009
190.
3 4 7 .2
5 3 7 .2
0 .0
0 .0
5 1 .6
5 1 .6
5 8 8 .8
2 1 3 .8
1 7 1 .4
3 8 5 .2
0 .0
0 .0
1 1 8 .2
1 1 8 .2
5 0 3 .4
2 1 3 .8
4 0 3 .9
6 1 7 .7
0 .0
0 .0
8 1 .7
8 1 .7
6 9 9 .4
2 1 3 .8
1 4 4 .7
3 5 8 .5
0 .0
0 .0
4 9 .1
4 9 .1
4 0 7 .6
2 1 3 .8
1 2 0 .9
3 3 4 .7
0 .0
0 .0
7 4 .8
7 4 .8
4 0 9 .5
2 7 .6
2 8 .8
5 6 .4
0 .0
0 .0
5 .6
5 .6
6 1 .9
1 8 .5
2 1 .9
4 0 .4
0 .0
0 .0
8 .0
8 .0
4 8 .4
1 4 .4
2 1 .3
3 5 .7
0 .0
0 .0
6 .3
6 .3
4 2 .0
0 .0
1 6 .2
2 9 .7
4 5 .9
0 .0
0 .0
4 .4
4 .4
0 .0
1 8 .3
1 4 .7
3 2 .9
0 .0
0 .0
1 0 .1
1 0 .1
0 .0
1 4 .7
2 7 .8
4 2 .5
0 .0
0 .0
5 .6
5 .6
0 .0
1 6 .4
1 1 .1
2 7 .6
0 .0
0 .0
3 .8
3 .8
0 .0
1 9 .3
1 0 .9
3 0 .1
0 .0
0 .0
6 .7
6 .7
3 3 8 .3
1 2 .2
3 2 6 .1
2 0 9 .9
2 0 6 .5
7 5 4 .7
5 8 1 .7
6 3 3 .3
173.
4 0 8 .8
-2 4 3 .4
276.
1 9 .2
2 5 6 .8
2 0 9 .1
2 0 3 .2
6 8 8 .3
6 6 6 .5
7 8 4 .7
2 1 .8
5 2 8 .6
-3 9 0 .5
5 4 7 .5
1 3 .3
5 3 4 .2
2 1 3 .8
2 3 1 .2
9 9 2 .5
7 5 2 .5
8 3 4 .2
240.
5 9 6 .1
-2 0 5 .
3 2 9 .7
1 1 .6
3 1 8 .1
233.
310.
8 7 2 .7
8 9 3 .2
9 4 2 .3
-2 0 .5
6 3 8 .4
-5 6 3 .5
2 4 6 .2
6 .6
2 3 9 .6
2 8 7 .5
1 7 0 .4
7 0 4 .1
701.
7 7 5 .8
3 .1
5 3 3 .4
- 4 5 4 .8
1 9 .1
0 .7
1 8 .4
3 8 .5
0 .0
5 7 .6
3 8 .1
4 3 .6
1 9 .6
1 3 .4
-1 8 .9
2 1 .7
0 .4
2 1 .3
1 4 .9
2 4 .5
6 1 .1
5 1 .6
5 9 .6
9 .5
2 6 .6
- 2 9 .9
2 5 .0
0 .9
2 4 .1
1 4 .6
2 8 .0
6 7 .5
5 8 .0
6 4 .3
9 .6
4 6 .4
-3 3 .0
0 .0
2 8 .9
1 .0
2 7 .9
1 7 .9
1 7 .6
6 4 .5
4 9 .7
5 4 .1
1 4 .8
3 4 .9
0 .0
2 3 .6
1 .6
2 2 .0
1 7 .9
1 7 .4
5 8 .8
5 7 .0
6 7 .1
1 .9
4 5 .2
0 .0
3 7 .7
0 .9
3 6 .8
1 4 .7
1 5 .9
6 8 .4
5 1 .8
5 7 .5
1 6 .5
4 1 .1
0 .0
2 5 .3
0 .9
2 4 .5
1 7 .9
2 3 .8
6 7 .1
6 8 .7
7 2 .4
-1 .6
4 9 .1
0 .0
2 2 .2
0 .6
2 1 .6
2 5 .9
1 5 .3
6 3 .4
6 3 .1
6 9 .9
0 .3
4 8 .0
1 ,0 6 1 . 1 ,1 6 6 .7 1 ,1 5 3 .9 1 ,2 0 4 .4 5 2 .7
4 1 6 . 4 8 1 .6 4 5 9 .4 4 2 8 .1 4 0 6 .3
4 6 .3
4 2 .9
3 8 .4
4 6 .6
3 .1
1 ,1 7 0 .7 1 ,1 6 9 .9 1 ,4 5 1 .9 1 ,3 0 0 .8 1 ,1 1 0 .4
1 1 8 .9
4 2 .4
4 .1
1 0 0 .0
9 3 .0
3 8 .9
2 .8
1 0 0 .0
7 8 .2
3 2 .5
3 .6
1 0 0 .0
0 .0
9 0 .6
3 5 .5
1 0 0 .0
0 .0
9 9 .7
4 1 .2
1 0 0 .0
0 .0
7 9 .5
3 1 .6
1 0 0 .0
0 .0
9 2 .6
3 2 .9
1 0 0 .0
0 .0
4 .7
3 6 .6
1 0 0 .0
2 ,3 1 8 .5
1 ,8 8 1 .
4 3 7 .5
2 ,1 2 4 .5
194.
2 ,2 1 6 .2
1 5 8 .2
5 6 .5
1 0 1 .7
7 .8
0 .0
1 0 0 .0
7 2 .6
2 7 .4
8 8 .4
1 1 .6
9 4 .4
6 .9
3 .0
4 .0
1 .8
1 .9
1 0 0 .0
7 6 .0
2 4 .0
9 5 .6
4 .4
1 0 1 .4
2 .4
4 .2
-1 .8
0 .6
0 .0
1 0 0 .0
7 9 .6
2 0 .4
9 8 .6
1 .4
1 0 2 .5
-0 .3
2 .1
-2 .5
0 .5
0 .0
1 0 0 .0
1 0 0 .0
8 1 .1
1 8 .9
9 1 .6
8 .4
9 5 .6
6 .8
2 .4
4 .4
0 .3
1 0 0 .0
1 0 0 .0
8 1 .3
1 8 .7
9 3 .6
6 .4
9 8 .5
2 .4
3 .6
- 1 .2
0 .5
1 0 0 .0
1 0 0 .0
8 4 .7
1 5 .3
9 6 .1
3 .9
1 0 0 .5
4 .3
3 .6
0 .7
0 .5
1 0 0 .0
1 0 0 .0
8 2 .6
1 7 .4
9 4 .9
5 .1
9 9 .2
1 .4
3 .6
-2 .2
0 .2
1 0 0 .0
1 0 0 .0
7 9 .9
2 0 .1
9 7 .2
2 .8
1 0 2 .9
- 2 .1
4 .6
- 6 .7
0 .6
2 ,2 3 6 .5
1 ,8 1 7 .7
4 1 8 .8
2 ,0 9 2 .5
144.
2 ,2 0 3 .
5 3 .6
8 0 .3
-2 6 .7
1 0 .8
0 .0
2 ,3 9 5 .5
2 ,0 2 8 .4
3 6 7 .1
2 ,3 0 2 .1
9 3 .4
2 ,4 0 8 .5
1 0 2 .9
8 6 .5
1 6 .4
1 1 .7
0 .0
2 ,5 4 4 .9
2 ,1 0 2 .4
4 4 2 .5
2 ,4 1 4 .2
1 3 0 .7
2 ,5 2 5 .6
3 6 .4
9 2 .7
-5 6 .3
4 .3
0 .0
2 ,0 9 8 .6
1 ,6 7 7 .6
421.
2 ,0 3 9 .4
5 9 .2
2 ,1 5 8 .7
-4 3 .2
9 6 .8
-1 4 0 .
1 2 .6
0 .0
48
D e w a n S u g a r M ills L td .
Ite m s
A .C a p ita l S tr u c tu re :
S u r p lu s
S h a r e h o l d e r 's E q u it y ( A 1 + A 2 )
P re f re n c e S h a r e s
D e b e n tu re s
O t h e r F ix e d L ia b ilit i e s
T o t a l F ix e d L i a b il it ie s ( A 4 + A 5 + A 6 )
B .L iq u id it y :
( i) C a s h
( ii) I n v e s t m e n t s
In v e n to rie s
C u r r e n t L ia b ilit i e s
C o n t r a c t u a l L ia b ili t ie s
N e t li q u id a s s e t s ( B 1 - B 5 )
D e p r e c ia t i o n f o r t h e y e a r
G r o s s s a le s
( i) L o c a l s a l e s
2002
2003
1 8 2 .6
4 9 .5
2 3 2 .1
0 .0
1 1 2 .3
1 2 8 .3
2 4 0 .6
4 7 2 .7
1 8 2 .6
1 0 5 .8
2 8 8 .4
0 .0
1 1 3 .5
4 4 5 .4
5 5 8 .9
8 4 7 .3
9 8 .5
1 0 .1
8 8 .4
1 ,6 2 6 .9
0 .0
1 ,7 2 5 .4
1 ,9 6 4 .3
2 ,2 0 4 .9
-2 3 8 .9
1 ,3 6 7 .7
-1 ,8 6 5 .8
3 1 5 .6
1 5 .9
2 9 9 .7
9 0 6 .2
3 9 0 .8
1 ,6 1 2 .6
1 ,4 7 0 .8
2 ,0 2 9 .7
1 4 1 .8
1 ,2 1 5 .4
-1 ,1 5 5 .2
2005
2006
2007
2002
2003
2004
2005
2006
2007
2008
2009
1 8 2 .6
3 6 5 .1
3 6 5 .1
3 6 5 .1
3 6 5 .1
3 6 5 .1
8 8 2 .7
9 7 5 .6 1 ,5 7 4 .1 1 ,2 7 9 .3 5 9 8 .1
4 4 6 .9
1 ,0 6 5 .3 1 ,3 4 0 .7 1 ,9 3 9 .2 1 ,6 4 4 .4 9 6 3 .2
812.
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
3 7 .5
25.
1 2 .5
0 .0
0 .0
1 2 .5
7 3 6 .6
8 5 1 .6
6 0 2 .3
2 5 6 .4
299.
5 8 6 .7
7 7 4 .1
8 7 6 .6
6 1 4 .8
2 5 6 .4
299.
5 9 9 .2
1 ,8 3 9 .4 2 ,2 1 7 .3 2 ,5 5 4 . 1 ,9 0 0 .8 1 ,2 6 2 .2 1 ,4 1 1 .2
7 .5
2 .0
9 .5
0 .0
4 .6
5 .3
9 .9
1 9 .4
7 .9
4 .6
1 2 .4
0 .0
4 .9
1 9 .2
2 4 .1
3 6 .6
4 .3
2 0 .6
2 4 .9
0 .0
0 .9
1 7 .2
1 8 .1
4 2 .9
5 .5
1 4 .8
2 0 .3
0 .0
0 .4
1 2 .9
1 3 .3
3 3 .6
5 .2
2 2 .4
2 7 .6
0 .0
0 .2
8 .6
8 .7
3 6 .3
5 .2
1 8 .1
2 3 .3
0 .0
0 .0
3 .6
3 .6
2 6 .9
5 .3
8 .7
1 4 .0
0 .0
0 .0
4 .3
4 .3
1 8 .3
5 .8
7 .1
1 2 .8
0 .0
0 .2
9 .3
9 .5
2 2 .3
3 0 1 .2
1 4 .5
2 8 6 .7
813.
8 9 8 .7
2 ,0 1 2 .9
2 ,4 4 5 .1
3 ,2 1 9 .2
-4 3 2 .2
1 ,7 4 8 .1
-2 ,1 4 3 .9
39.
1 0 .6
2 8 .4
1 ,8 5 9 .1
7 4 8 .4
2 ,6 4 6 .5
4 ,9 2 6 .5
5 ,5 2 5 .7
-2 ,2 8 0 .
3 ,6 4 8 .9
-4 ,8 8 7 .5
4 .0
0 .4
3 .6
6 6 .8
0 .0
7 0 .8
8 0 .6
9 0 .5
-9 .8
5 6 .1
-7 6 .6
1 3 .6
0 .7
1 2 .9
3 9 .1
1 6 .9
6 9 .6
6 3 .5
8 7 .6
6 .1
5 2 .4
-4 9 .8
7 .0
0 .3
6 .7
1 9 .0
2 1 .0
4 7 .0
5 7 .1
7 5 .1
-1 0 .1
4 0 .8
-5 0 .0
5 .3
0 .3
5 .0
2 3 .7
2 7 .2
5 6 .3
6 6 .4
7 9 .7
-1 0 .2
4 7 .1
-6 1 .1
0 .4
0 .4
0 .0
3 4 .0
8 .2
4 2 .6
6 3 .7
7 2 .4
-2 1 .0
3 5 .9
-6 3 .2
3 .1
0 .2
2 .8
3 0 .0
1 2 .2
4 5 .3
7 3 .1
7 6 .7
-2 7 .9
3 7 .5
-7 0 .1
1 .4
0 .5
0 .9
2 9 .6
1 2 .0
4 3 .0
8 1 .7
8 6 .0
-3 8 .7
5 0 .8
-8 0 .3
0 .6
0 .2
0 .4
2 9 .3
1 1 .8
4 1 .8
7 7 .7
8 7 .2
-3 6 .0
5 7 .6
-7 7 .1
1 ,5 4 7 .1 1 ,6 0 1 .3 3 ,2 4 9 .3 4 ,0 6 5 .4 5 ,4 1 1 .1 5 ,5 7 9 .3 5 ,9 4 9 .8 5 ,9 5 0 .7
u l a7 t1e1d. 4d e p r7e 0c 5ia. 4t io n2 , 2 7 1 . 6 2 , 8 9 0 . 4 , 0 3 1 . 1 3 , 8 6 9 . 9 3 , 9 3 4 . 6 3 , 6 9 1 . 1
6 5 .3
6 0 .3
8 1 .8
1 9 7 .7
2 0 5 .4
3 2 9 .4
3 0 8 .2
2 4 4 .7
2 ,4 3 6 .8 2 ,3 1 8 . 4 ,2 8 4 .5 6 ,6 0 5 .9 7 ,0 2 6 .6 7 ,0 6 9 . 6 ,8 9 7 .5 6 ,3 3 7 .6
6 3 .5
2 9 .2
2 .7
1 0 0 .0
6 9 .1
3 0 .4
2 .6
1 0 0 .0
7 5 .8
5 3 .0
1 .9
1 0 0 .0
6 1 .5
4 3 .7
3 .0
1 0 0 .0
7 7 .0
5 7 .4
2 .9
1 0 0 .0
7 8 .9
5 4 .7
4 .7
1 0 0 .0
8 6 .3
5 7 .0
4 .5
1 0 0 .0
9 3 .9
5 8 .2
3 .9
1 0 0 .0
1 0 0 .0
9 8 .0
2 .0
9 9 .5
0 .5
1 0 3 .6
-0 .1
1 8 .1
-1 8 .2
1 .1
0 .0
1 0 0 .0
9 9 .8
0 .2
9 9 .4
0 .6
1 0 1 .7
4 .1
7 .6
-3 .6
2 .3
0 .0
1 0 0 .0
9 5 .1
4 .9
8 3 .6
1 6 .4
8 9 .1
1 7 .1
8 .7
8 .4
2 .4
0 .0
1 0 0 .0
9 2 .9
7 .1
9 3 .7
6 .3
9 6 .3
4 .6
2 .8
1 .7
0 .8
0 .0
1 0 0 .0
9 5 .2
4 .8
9 3 .3
6 .7
9 5 .1
5 .0
3 .2
1 .8
0 .6
0 .0
1 0 0 .0
8 4 .0
1 6 .0
9 6 .9
3 .1
1 0 0 .1
0 .2
7 .5
-7 .3
0 .5
0 .0
1 0 0 .0
7 8 .6
2 1 .4
9 9 .3
0 .7
1 0 1 .9
-1 .8
1 0 .1
-1 1 .9
0 .5
0 .0
1 0 0 .0
8 5 .3
1 4 .7
9 9 .2
0 .8
1 0 4 .0
-7 .1
1 2 .2
-1 9 .3
0 .2
0 .0
1 ,1 1 4 .2
1 ,0 9 2 .3
2 1 .9
1 ,1 0 8 .6
5 .6
1 ,1 5 4 .1
-.8
2 0 2 .2
-2 0 3 .
1 1 .7
0 .0
1 ,8 1 1 .5
1 ,8 0 8 .6
2 .9
1 ,8 0 1 .2
1 0 .3
1 ,8 4 2 .7
7 3 .7
1 3 8 .1
-6 4 .4
4 2 .5
0 .0
2004
8 5 7 .7
8 1 5 .9
4 1 .8
7 1 6 .7
141.
7 6 4 .5
1 4 6 .3
7 4 .4
7 1 .9
2 0 .9
0 .0
3 5 1 .9
1 8 .8
3 3 3 .1
1 ,5 6 6 .8
1 ,7 9 7 .2
3 ,7 1 5 .9
4 ,3 8 8 .5
5 ,2 6 5 .1
-6 7 2 .6
3 ,1 1 4 .3
-4 ,0 3 6 .6
2 8 .9
2 8 .9
0 .0
2 ,3 8 9 .1
5 7 7 .5
2 ,9 9 5 .5
4 ,4 7 2 .7
5 ,0 8 7 .5
-1 ,4 7 7 .2
2 ,5 2 2 .3
-4 ,4 4 3 .8
3 ,3 0 7 .4 7 ,2 6 2 .9
3 ,0 7 2 .9 6 ,9 1 1 .2
2 3 4 .5
3 5 1 .7
3 ,0 9 9 .3 6 ,7 7 8 .
2 0 8 .1
4 8 4 .9
3 ,1 8 5 .3 6 ,9 0 8 .3
1 5 0 .9
3 5 9 .9
9 3 .3
2 2 8 .9
5 7 .6
131.
2 6 .4
4 2 .9
0 .0
0 .0
216.
1 5 .3
2 0 0 .7
2 ,1 2 1 .
8 6 2 .1
3 ,1 9 9 .1
5 ,1 6 8 .1
5 ,4 2 4 .5
-1 ,9 6 9 .
2 ,6 5 3 .4
-4 ,9 5 2 .1
4 ,8 5 4 .5
4 ,0 7 6 .2
7 7 8 .3
4 ,7 0 2 .3
1 5 2 .2
4 ,8 6 0 .1
1 1 .8
3 6 3 .8
-3 5 2 .
2 6 .5
0 .0
2008
94.
3 5 .3
5 8 .7
2 ,0 4 0 .9
828.
2 ,9 6 2 .9
5 ,6 3 5 .2
5 ,9 3 4 .2
-2 ,6 7 2 .3
3 ,5 0 5 .4
-5 ,5 4 1 .2
6 ,2 0 0 .5
4 ,8 7 6 .2
1 ,3 2 4 .3
6 ,1 5 8 .1
4 2 .4
6 ,3 1 7 .6
-1 1 3 .5
6 2 7 .2
-7 4 0 .7
3 3 .3
0 .0
2009
2 ,4 3 9 .1
2 ,0 8 1 .6
3 5 7 .5
2 ,4 1 9 .7
1 9 .4
2 ,5 3 5 .5
- 1 7 3 .1
2 9 7 .9
-4 7 1 .
3 .7
0 .0
49
F a ra n S u g a r M ills L td .
Ite m s
2002
2003
2004
A .C a p it a l S tr u c tu r e :
O rd in a ry S h a re C a p ita l
1 2 5 .5
1 2 5 .5
1 2 5 .5
S u rp lu s
1 1 2 .3
-6 7 .7
-1 3 .2
2 3 7 .8
5 7 .8
1 1 2 .3
0 .0
0 .0
0 .0
D e b e n tu re s
0 .0
0 .0
0 .0
O t h e r F i x e d L i a b i l it i e s
1 5 .6
102.
78.
T o ta l F ix e d L ia b ilitie s (A 4 + A 5 + A 6 ) 1 5 .6
102.
78.
2 5 3 .4
1 5 9 .8
1 9 0 .3
B .L iq u id ity :
4 .7
1 0 .1
5 6 .2
(i)C a s h
3 .4
6 .6
4 .2
1 .3
3 .5
52.
7 0 0 .3
1 8 7 .3
155.
In v e n to rie s
0 .0
2 4 .3
1 1 6 .5
705.
2 2 1 .7
3 2 7 .7
9 5 6 .3
5 5 0 .1
6 1 2 .2
T o ta l L ia b ilitie s (A 7 + B 5 )
9 7 1 .9
6 5 2 .1
6 9 0 .2
- 2 5 1 .3 -3 2 8 .4 -2 8 4 .5
C o n t r a c t u a l L i a b i li t i e s
6 8 3 .8
1 4 8 .6
1 1 1 .5
N e t l i q u id a s s e t s ( B 1 - B 5 )
-9 5 1 .6
-5 4 0 .
-5 5 6 .
1 ,0 0 1 .1 1 ,0 0 1 .9 1 ,0 0 9 .
F i x e d a s s e t s a f t e r d e d u c t i n g a c c u m u5l a0 t4e. d7 d e 4p 8r e8 c. 2i a t i o 4n 7 4 . 9
22.
1 8 .7
2 2 .3
1 ,2 0 9 .7 7 0 9 .9
8 0 2 .6
G r o s s s a le s
6 5 7 .9 1 ,6 2 1 .5 1 ,1 2 3 .
6 4 1 .9 1 ,5 9 8 .1 1 ,0 5 6 .2
16.
2 3 .4
6 6 .8
6 9 1 .2 1 ,6 0 4 .3 1 ,0 5 2 .8
G ro s s p ro f it
-3 3 .3
1 7 .2
7 0 .2
7 2 3 .8 1 ,6 6 3 .6 1 ,0 7 7 .5
-2 9 .9
-2 1 .6
7 3 .5
9 4 .4
3 4 .7
1 1 .3
-1 2 4 .3
-5 6 .3
6 2 .2
2 .8
7.
5 .3
0 .0
0 .0
0 .0
M illio n R s
2005
2006
2007
2008
2009
2002
2003
2004
2005
2006
2007
2008
2009
1 8 8 .3
9 .4
1 9 7 .7
0 .0
0 .0
54.
54.
2 5 1 .7
1 8 8 .3
9 1 .8
2 8 0 .1
0 .0
0 .0
6 0 .8
6 0 .8
3 4 0 .9
1 8 8 .3
5 9 .9
2 4 8 .2
0 .0
0 .0
95.
95.
3 4 3 .2
2 1 6 .5
1 4 5 .9
3 6 2 .4
0 .0
0 .0
1 9 .6
1 9 .6
382.
2 1 6 .5
2 3 0 .7
4 4 7 .2
0 .0
0 .0
0 .0
0 .0
4 4 7 .2
1 0 .4
9 .3
1 9 .7
0 .0
0 .0
1 .3
1 .3
2 0 .9
1 7 .7
-9 .5
8 .1
0 .0
0 .0
1 4 .4
1 4 .4
2 2 .5
1 5 .6
-1 .6
1 4 .0
0 .0
0 .0
9 .7
9 .7
2 3 .7
2 2 .0
1 .1
2 3 .1
0 .0
0 .0
6 .3
6 .3
2 9 .4
1 8 .2
8 .9
2 7 .1
0 .0
0 .0
5 .9
5 .9
3 3 .0
1 8 .2
5 .8
2 3 .9
0 .0
0 .0
9 .2
9 .2
3 3 .1
1 4 .3
9 .7
2 4 .0
0 .0
0 .0
1 .3
1 .3
2 5 .3
1 4 .2
1 5 .1
2 9 .2
0 .0
0 .0
0 .0
0 .0
2 9 .2
7 2 .9
1 5 .7
5 7 .2
2 0 8 .9
1 1 7 .6
3 9 9 .4
605.
659.
-2 0 5 .6
147.
-5 3 2 .1
1 2 5 .3
4 0 .6
8 4 .7
1 8 2 .2
276.
5 8 3 .5
6 9 2 .1
7 5 2 .9
-1 0 8 .6
1 8 5 .6
-5 6 6 .8
1 3 9 .1
2 3 2 .7
2 4 8 .2
4 1 .2
51.
78.
9 7 .9
1 8 1 .7
1 7 0 .2
2 4 9 .2
2 7 9 .6
2 6 2 .9
1 4 9 .5
4 8 2 .7
4 7 9 .1
5 3 7 .8
995.
9 9 0 .2
6 9 3 .8 1 ,1 2 8 .8 1 ,0 8 1 .8
7 8 8 .8 1 ,1 4 8 .4 1 ,0 8 1 .8
-1 5 6 . -1 3 3 .8
-9 1 .6
1 1 6 .8
1 0 2 .3
2 1 9 .8
-5 5 4 .7 -8 9 6 .1 -8 3 3 .6
0 .4
0 .3
0 .1
5 7 .9
0 .0
5 8 .3
7 9 .1
8 0 .3
-2 0 .8
5 6 .5
-7 8 .7
1 .4
0 .9
0 .5
2 6 .4
3 .4
3 1 .2
7 7 .5
9 1 .9
-4 6 .3
2 0 .9
-7 6 .1
7 .0
0 .5
6 .5
1 9 .3
1 4 .5
4 0 .8
7 6 .3
8 6 .0
-3 5 .4
1 3 .9
-6 9 .3
8 .5
1 .8
6 .7
2 4 .4
1 3 .7
4 6 .6
7 0 .6
7 6 .9
-2 4 .0
1 7 .2
-6 2 .1
1 2 .1
3 .9
8 .2
1 7 .6
2 6 .7
5 6 .5
6 7 .0
7 2 .9
- 1 0 .5
1 8 .0
- 5 4 .9
1 3 .4
4 .0
9 .4
2 4 .0
1 4 .4
5 1 .9
6 6 .9
7 6 .1
-1 5 .0
1 1 .3
-5 3 .5
1 5 .4
3 .4
1 2 .0
1 8 .5
3 1 .9
6 5 .9
7 4 .7
7 6 .0
-8 .9
6 .8
-5 9 .3
1 6 .2
5 .1
1 1 .1
1 7 .2
3 1 .3
6 4 .8
7 0 .8
7 0 .8
-6 .0
1 4 .4
-5 4 .5
1 ,0 1 8 .1 1 ,0 3 5 .5 1 ,1 1 1 .4 1 ,1 5 7 .5 1 ,2 1 1 .7
4 5 7 .2
4 4 9 .4
4 9 9 .2
5 1 5 .9
5 3 8 .8
28.
2 8 .2
2 8 .1
3 1 .4
3 4 .2
8 5 6 .6 1 ,0 3 2 .9 1 ,0 3 7 . 1 ,5 1 0 .9 1 ,5 2 9 .
8 2 .8
4 1 .7
1 .8
1 0 0 .0
1 4 1 .1
6 8 .8
2 .6
1 0 0 .0
1 2 5 .7
5 9 .2
2 .8
1 0 0 .0
1 1 8 .9
5 3 .4
3 .3
1 0 0 .0
1 0 0 .3
4 3 .5
2 .7
1 0 0 .0
1 0 7 .2
4 8 .1
2 .7
1 0 0 .0
7 6 .6
3 4 .1
2 .1
1 0 0 .0
7 9 .2
3 5 .2
2 .2
1 0 0 .0
1 ,3 2 3 .5 2 ,7 9 5 .
1 ,3 2 3 .5 2 ,7 9 5 .
0 .0
0 .0
1 ,2 5 5 . 2 ,5 2 1 .8
6 8 .5
2 7 3 .2
1 ,2 7 8 .3 2 ,5 6 4 .6
5 6 .2
2 3 4 .8
2 0 .8
5 3 .4
3 5 .4
1 8 1 .4
5 .7
1 2 .2
0 .0
4 1 .4
1 0 0 .0
9 7 .6
2 .4
1 0 5 .1
-5 .1
1 1 0 .0
-4 .5
1 4 .3
-1 8 .9
0 .4
0 .0
1 0 0 .0
9 8 .6
1 .4
9 8 .9
1 .1
1 0 2 .6
-1 .3
2 .1
-3 .5
0 .4
0 .0
1 0 0 .0
9 4 .1
5 .9
9 3 .7
6 .3
9 5 .9
6 .5
1 .0
5 .5
0 .5
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 4 .8
5 .2
9 6 .6
4 .2
1 .6
2 .7
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 0 .2
9 .8
9 1 .8
8 .4
1 .9
6 .5
0 .4
1 .5
1 0 0 .0
1 0 0 .0
0 .0
9 6 .4
3 .6
9 8 .1
2 .3
1 .4
0 .9
0 .5
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 1 .4
8 .6
9 5 .5
7 .6
1 .2
6 .4
0 .9
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 2 .1
7 .9
9 4 .5
6 .8
2 .0
4 .8
0 .8
1 .6
2 ,0 9 3 .3
2 ,0 9 3 .3
0 .0
2 ,0 1 7 .6
7 5 .7
2 ,0 5 3 .7
4 8 .1
2 8 .3
1 9 .8
9 .6
0 .0
1 ,6 9 1 .1
1 ,6 9 1 .1
0 .0
1 ,5 4 6 .5
1 4 4 .6
1 ,6 1 5 .8
1 2 8 .9
2 1 .1
1 0 7 .8
16.
0 .0
2 ,4 0 9 .5
2 ,4 0 9 .5
0 .0
2 ,2 1 8 .8
1 9 0 .7
2 ,2 7 6 .2
165.
4 8 .8
1 1 6 .2
1 8 .5
3 7 .9
50
F e c t o S u g a r M i ll s L t d .
Ite m s
2002
2003
2004
A .C a p i t a l S t r u c t u r e :
5 0 .3
5 0 .3
5 0 .3
S u rp lu s
-2 9 1 .8
- 4 5 .9 - 1 1 8 . 1
-2 4 1 .5
4 .4
-6 7 .8
0 .0
0 .0
0 .0
D e b e n tu re s
0 .0
0 .0
0 .0
O t h e r F i x e d L ia b i l it i e s
2 6 5 .5
232.
5 7 8 .2
T o t a l F i x e d L ia b i li t ie s ( A 4 + A 5 + A 6 ) 2 6 5 . 5
232.
5 7 8 .2
T o t a l C a p i t a l E m p lo y e d ( A 3 + A 7 )
24.
2 3 6 .4
5 1 0 .4
B .L iq u id ity :
L iq u i d A s s e t s :
1 8 2 .6
1 4 0 .1
155.
(i)C a s h
7.
2 1 .4
4 9 .7
1 7 5 .6
1 1 8 .7
1 0 5 .3
1 2 5 .3
1 1 5 .6
3 6 4 .7
In v e n to rie s
0 .0
5 6 .7
0 .0
3 0 7 .9
3 1 2 .4
5 1 9 .7
9 3 4 .7 1 ,2 6 4 .7 1 ,1 6 2 .3
T o t a l L i a b il i t ie s ( A 7 + B 5 )
1 ,2 0 0 .2 1 ,4 9 6 .7 1 ,7 4 0 .5
-6 2 6 .8 -9 5 2 .3 -6 4 2 .6
C o n t r a c t u a l L i a b i l it i e s
6 7 0 .4
7 7 2 .6 1 ,0 2 3 .6
- 7 5 2 . 1 - 1 , 1 2 4 .6 - 1 , 0 0 7 . 3
0 .0
1 ,6 8 7 . 1 ,7 1 6 .8
F ix e d a s s e t s a f te r d e d u c t i n g a c c u m u 6l a5t 0e .d7 d e1p, 1r e8 c8ia. 9t io n1 , 1 5 3 .
0 .0
4 7 .9
6 5 .6
9 5 8 .6 1 ,5 0 1 .3 1 ,6 7 2 .7
G r o s s s a le s
1 ,1 8 0 .3 8 6 1 .5
8 4 8 .4
1 ,1 8 0 .3 8 6 1 .5
8 4 8 .4
0 .0
0 .0
0 .0
1 ,0 3 9 .
938.
8 2 9 .3
G ro s s p ro f it
1 4 1 .3
- 7 6 .5
1 9 .1
1 ,0 8 1 .8 9 8 0 .4
8 7 2 .8
1 1 1 .7
- 9 7 .2
-1 8 .5
106.
9 5 .3
6 2 .3
5 .7
-1 9 2 .5
-8 0 .8
5 .3
3 .9
3 .8
0 .0
0 .0
0 .0
2005
2006
2007
2008
2009
2002
2003
2004
2005
2006
2007
2008
2009
1 4 5 .9
-1 5 8 .4
-1 2 .5
0 .0
0 .0
2 6 4 .3
2 6 4 .3
2 5 1 .8
1 4 5 .9
-1 9 4 .1
-4 8 .2
0 .0
0 .0
3 3 7 .5
3 3 7 .5
2 8 9 .3
1 4 5 .9
-1 2 6 .2
1 9 .7
0 .0
0 .0
3 1 3 .2
3 1 3 .2
3 3 2 .9
5 .2
-3 0 .4
-2 5 .2
0 .0
0 .0
2 7 .7
2 7 .7
2 .5
3 .4
-3 .1
0 .3
0 .0
0 .0
1 5 .5
1 5 .5
1 5 .7
3 .0
-7 .1
-4 .1
0 .0
0 .0
3 4 .6
3 4 .6
3 0 .5
3 .2
- 5 .1
- 1 .9
0 .0
0 .0
3 2 .9
3 2 .9
3 1 .1
2 .6
2 .9
5 .5
0 .0
0 .0
1 9 .5
1 9 .5
2 5 .0
7 .9
-8 .6
-0 .7
0 .0
0 .0
1 4 .3
1 4 .3
1 3 .6
9 .7
-1 2 .9
-3 .2
0 .0
0 .0
2 2 .4
2 2 .4
1 9 .2
9 .3
-8 .0
1 .3
0 .0
0 .0
1 9 .9
1 9 .9
2 1 .1
5 .1
5 .1
0 .0
1 6 1 .3
3 5 6 .3
5 2 2 .7
1 ,5 9 3 .9
1 ,8 5 8 .2
-1 ,0 7 1 .2
697.
-1 ,5 8 8 .8
1 5 .8
1 5 .8
0 .0
191.
3 3 .3
2 4 0 .1
1 ,2 1 6 .4
1 ,5 5 3 .9
-9 7 6 .3
4 2 6 .8
-1 ,2 0 0 .6
4 .1
4 .1
0 .0
1 7 8 .8
2.
1 8 4 .9
1 ,2 4 2 .7
1 ,5 5 5 .9
-1 ,0 5 7 .8
3 6 2 .7
-1 ,2 3 8 .6
1 9 .0
0 .7
1 8 .3
1 3 .1
0 .0
3 2 .1
9 7 .5
1 2 5 .2
-6 5 .4
6 9 .9
-7 8 .5
9 .3
1 .4
7 .9
7 .7
3 .8
2 0 .8
8 4 .2
9 9 .7
-6 3 .4
5 1 .5
-7 4 .9
9 .3
3 .0
6 .3
2 1 .8
0 .0
3 1 .1
6 9 .5
1 0 4 .1
-3 8 .4
6 1 .2
-6 0 .2
6 .2
0 .3
5 .9
8 .6
1 4 .0
2 8 .8
6 8 .9
1 0 1 .9
-4 0 .1
6 0 .8
-6 2 .7
1 .7
0 .4
1 .3
7 .9
1 7 .0
2 6 .6
7 5 .0
9 4 .5
-4 8 .4
4 3 .6
-7 3 .2
0 .3
0 .3
0 .0
8 .7
1 9 .3
2 8 .3
8 6 .4
1 0 0 .7
-5 8 .0
3 7 .8
-8 6 .1
1 .0
1 .0
0 .0
1 2 .7
2 .2
1 5 .9
8 0 .8
1 0 3 .2
-6 4 .8
2 8 .3
-7 9 .7
0 .3
0 .3
0 .0
1 1 .3
0 .1
1 1 .7
7 8 .9
9 8 .8
-6 7 .1
2 3 .0
-7 8 .6
1 ,7 3 8 .6 2 ,0 8 4 .8 2 ,0 9 6 . 2 ,1 0 1 .6 2 ,2 6 9 .6
1 ,1 1 2 .8 1 ,4 0 0 .2 1 ,3 2 3 . 1 ,2 6 5 .6 1 ,3 9 0 .6
62.
5 8 .8
7 8 .7
73.
6 7 .5
1 ,5 6 3 .8 1 ,9 0 6 .6 1 ,8 4 5 .7 1 ,5 0 5 .7 1 ,5 7 5 .5
0 .0
6 7 .9
0 .0
1 0 0 .0
1 1 2 .4
7 9 .2
3 .2
1 0 0 .0
1 0 2 .6
6 8 .9
3 .9
1 0 0 .0
1 1 1 .2
7 1 .2
4 .0
1 0 0 .0
1 0 9 .3
7 3 .4
3 .1
1 0 0 .0
1 1 3 .6
7 1 .7
4 .3
1 0 0 .0
1 3 9 .6
8 4 .1
4 .8
1 0 0 .0
1 4 4 .1
8 8 .3
4 .3
1 0 0 .0
1 ,1 6 8 .4 1 ,0 0 1 .8
972.
1 ,1 6 8 .4 1 ,0 0 1 .8
972.
0 .0
0 .0
0 .0
9 8 3 .7
9 3 8 .9 1 ,0 3 0 .8
1 8 4 .7
6 2 .9
-5 8 .8
1 ,0 3 7 .1 9 9 3 .4 1 ,0 9 0 .9
1 3 9 .9
1 6 .4
-1 0 7 .3
106.
109.
1 0 8 .6
3 3 .9
-9 2 .6 -2 1 5 .9
5 .5
4 .7
4 .5
0 .0
0 .0
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 8 .0
1 2 .0
9 1 .7
9 .5
9 .0
0 .5
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 0 8 .9
-8 .9
1 1 3 .8
-1 1 .3
1 1 .1
-2 2 .3
0 .5
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 7 .7
2 .3
1 0 2 .9
-2 .2
7 .3
-9 .5
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 4 .2
1 5 .8
8 8 .8
1 2 .0
9 .1
2 .9
0 .5
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 3 .7
6 .3
9 9 .2
1 .6
1 0 .9
-9 .2
0 .5
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 0 6 .0
-6 .0
1 1 2 .2
-1 1 .0
1 1 .2
-2 2 .2
0 .5
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 4 .1
5 .9
9 7 .7
2 .5
5 .2
-2 .8
0 .0
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 5 .1
4 .9
1 0 1 .1
-0 .6
6 .6
-7 .2
0 .5
0 .0
5 0 .3
-7 9 .4
-2 9 .1
0 .0
0 .0
5 1 5 .2
5 1 5 .2
4 8 6 .1
5 0 .3
5 4 .8
1 0 5 .1
0 .0
0 .0
372.
372.
4 7 7 .1
97.
3 3 .2
4 .6
8 .4
9 2 .4
2 4 .8
1 3 4 .6
1 4 9 .7
2 1 9 .4
3 2 3 .5
451.
5 0 6 .4
1 ,0 7 7 .8 1 ,4 2 9 .6
1 ,5 9 3 . 1 ,8 0 1 .6
-6 2 6 .8 -9 2 3 .2
9 5 0 .9
8 3 1 .4
-9 8 0 .8 -1 ,3 9 6 .4
1 ,8 5 4 .4
1 ,8 5 4 .4
0 .0
1 ,7 4 5 .6
1 0 8 .8
1 ,8 1 0 .9
4 5 .8
9 7 .2
-5 1 .4
0 .0
0 .0
1 ,2 0 5 .4
1 ,2 0 5 .4
0 .0
1 ,1 4 6 .7
5 8 .7
1 ,2 1 8 .7
-6 .7
7 9 .8
-8 6 .5
6 .5
0 .0
51
H a b ib - A D M L td .( H a b ib A rk a d y L T D .)
Ite m s
S u r p lu s
S h a r e h o ld e r 's E q u i t y ( A 1 + A 2 )
D e b e n tu re s
O t h e r F ix e d L ia b il it i e s
T o t a l F ix e d L ia b il it ie s ( A 4 + A 5 + A 6 )
B .L iq u id ity :
(i)C a s h
In v e n to rie s
C u r r e n t L ia b ili t i e s
T o t a l L i a b i li t i e s ( A 7 + B 5 )
C o n t r a c t u a l L i a b il it ie s
N e t l iq u id a s s e t s ( B 1 - B 5 )
G r o s s s a le s
T o t a l a m o u n t o f d i v id e n d
C o m m o n s i z e A n a ly s i s
2002
2003
2004
2005
2006
2007
2008
2009
2002
2003
2004
2005
2006
2007
2008
2009
200.
121.
321.
0 .0
0 .0
0 .0
0 .0
321.
200.
1 2 4 .6
3 2 4 .6
0 .0
0 .0
0 .0
0 .0
3 2 4 .6
200.
1 3 5 .3
3 3 5 .3
0 .0
0 .0
0 .0
0 .0
3 3 5 .3
200.
1 5 9 .2
3 5 9 .2
0 .0
0 .0
0 .0
0 .0
3 5 9 .2
200.
1 7 2 .5
3 7 2 .5
0 .0
0 .0
0 .0
0 .0
3 7 2 .5
200.
2 4 7 .1
4 4 7 .1
0 .0
0 .0
0 .0
0 .0
4 4 7 .1
200.
3 1 2 .5
5 1 2 .5
0 .0
0 .0
0 .0
0 .0
5 1 2 .5
200.
4 1 4 .2
6 1 4 .2
0 .0
0 .0
0 .0
0 .0
6 1 4 .2
4 3 .7
2 6 .4
7 0 .2
0 .0
0 .0
0 .0
0 .0
7 0 .2
4 7 .0
2 9 .3
7 6 .2
0 .0
0 .0
0 .0
0 .0
7 6 .2
4 0 .4
2 7 .3
6 7 .7
0 .0
0 .0
0 .0
0 .0
6 7 .7
4 1 .8
3 3 .2
7 5 .0
0 .0
0 .0
0 .0
0 .0
7 5 .0
4 1 .5
3 5 .8
7 7 .4
0 .0
0 .0
0 .0
0 .0
7 7 .4
3 9 .3
4 8 .5
8 7 .8
0 .0
0 .0
0 .0
0 .0
8 7 .8
2 9 .3
4 5 .8
7 5 .2
0 .0
0 .0
0 .0
0 .0
7 5 .2
2 9 .2
6 0 .5
8 9 .7
0 .0
0 .0
0 .0
0 .0
8 9 .7
1 1 .2
1 1 .2
0 .0
2 5 8 .6
0 .0
2 6 9 .8
1 3 6 .6
1 3 6 .6
1 3 3 .2
8 2 .6
-1 2 5 .4
5 .1
5 .1
0 .0
1 5 3 .8
7 3 .2
2 3 2 .1
1 0 1 .3
1 0 1 .3
1 3 0 .8
5 5 .6
-9 6 .2
3 .1
3 .1
0 .0
1 4 9 .9
1 0 5 .5
2 5 8 .5
1 5 9 .9
1 5 9 .9
9 8 .6
1 3 4 .7
-1 5 6 .8
4 .3
4 .3
0 .0
1 6 0 .4
7 9 .4
2 4 4 .1
1 1 9 .7
1 1 9 .7
1 2 4 .4
8 9 .6
-1 1 5 .4
1 6 .5
1 6 .5
0 .0
153.
8 6 .2
2 5 5 .7
1 0 9 .1
1 0 9 .1
1 4 6 .6
7 5 .6
-9 2 .6
1 4 .1
1 4 .1
0 .0
1 3 5 .6
7 0 .3
220.
6 2 .3
6 2 .3
1 5 7 .7
3 0 .9
-4 8 .2
1 1 .5
1 0 .5
1.
1 4 7 .4
1 7 9 .3
3 3 8 .2
1 6 9 .1
1 6 9 .1
1 6 9 .1
82.
-1 5 7 .6
5 2 .7
5 1 .7
1.
1 3 3 .5
1 3 9 .7
3 2 5 .9
7 0 .2
7 0 .2
2 5 5 .7
0 .0
-1 7 .5
2 .4
2 .4
0 .0
5 6 .5
0 .0
5 9 .0
2 9 .9
2 9 .9
2 9 .1
1 8 .1
- 2 7 .4
1 .2
1 .2
0 .0
3 6 .1
1 7 .2
5 4 .5
2 3 .8
2 3 .8
3 0 .7
1 3 .1
-2 2 .6
0 .6
0 .6
0 .0
3 0 .3
2 1 .3
5 2 .2
3 2 .3
3 2 .3
1 9 .9
2 7 .2
-3 1 .7
0 .9
0 .9
0 .0
3 3 .5
1 6 .6
5 1 .0
2 5 .0
2 5 .0
2 6 .0
1 8 .7
-2 4 .1
3 .4
3 .4
0 .0
3 1 .8
1 7 .9
5 3 .1
2 2 .7
2 2 .7
3 0 .4
1 5 .7
- 1 9 .2
2 .8
2 .8
0 .0
2 6 .6
1 3 .8
4 3 .2
1 2 .2
1 2 .2
3 1 .0
6 .1
-9 .5
1 .7
1 .5
0 .1
2 1 .6
2 6 .3
4 9 .6
2 4 .8
2 4 .8
2 4 .8
1 2 .0
-2 3 .1
7 .7
7 .6
0 .1
1 9 .5
2 0 .4
4 7 .6
1 0 .3
1 0 .3
3 7 .4
0 .0
-2 .6
4 6 6 .8
4 9 2 .2
5 5 3 .5
u l1a 8t e7 d. 7 d e p 1r e9 c3 ia. 7t io n 2 3 6 . 7
1 8 .8
1 9 .7
1 8 .6
4 5 7 .5
4 2 5 .8
4 9 5 .2
5 6 4 .9
2 3 4 .9
1 6 .3
479.
5 7 5 .7
2 2 5 .8
17.
4 8 1 .5
6 6 1 .3
2 8 9 .4
2 2 .4
5 0 9 .4
7 2 1 .8
3 4 3 .5
2 8 .2
6 8 1 .7
7 6 7 .4
3 5 8 .5
3 0 .7
6 8 4 .4
1 0 2 .0
4 1 .0
4 .1
1 0 0 .0
1 1 5 .6
4 5 .5
4 .6
1 0 0 .0
1 1 1 .8
4 7 .8
3 .8
1 0 0 .0
1 1 7 .9
4 9 .0
3 .4
1 0 0 .0
1 1 9 .6
4 6 .9
3 .5
1 0 0 .0
1 2 9 .8
5 6 .8
4 .4
1 0 0 .0
1 0 5 .9
5 0 .4
4 .1
1 0 0 .0
1 1 2 .1
5 2 .4
4 .5
1 0 0 .0
4 9 4 .9
3 1 4 .4
1 8 0 .5
3 5 0 .1
1 4 4 .8
4 6 0 .9
35.
8.
27.
7 .5
0 .0
5 5 9 .2
402.
1 5 7 .2
4 0 4 .8
1 5 4 .4
5 1 2 .2
4 7 .3
9 .9
3 7 .4
5 .1
12.
7 4 3 .7
7 4 3 .7
0 .0
4 8 3 .7
260.
6 3 5 .9
1 1 0 .1
6 .7
1 0 3 .4
1 1 .6
24.
1 0 0 .0
5 5 .0
4 5 .0
7 2 .4
2 7 .6
8 2 .0
1 8 .0
0 .9
1 7 .1
0 .0
1 1 .4
1 0 0 .0
9 6 .9
3 .1
9 5 .5
4 .5
1 0 9 .2
9 .8
0 .9
8 .9
1 .4
5 .8
1 0 0 .0
7 9 .1
2 0 .9
8 4 .4
1 5 .6
9 6 .2
4 .8
0 .9
3 .9
0 .9
0 .0
1 0 0 .0
2 0 .6
1 1 .8
2 2 .9
9 .5
3 0 .2
2 .3
0 .5
1 .8
0 .5
0 .0
1 0 0 .0
2 5 .9
1 0 .1
2 6 .1
1 0 .0
3 3 .0
3 .1
0 .6
2 .4
0 .3
0 .8
1 0 0 .0
3 7 .8
0 .0
2 4 .6
1 3 .2
3 2 .3
5 .6
0 .3
5 .3
0 .6
1 .2
1 0 0 .0
5 0 .9
0 .0
3 7 .1
1 3 .8
4 4 .7
6 .4
0 .4
6 .0
0 .9
3 .4
1 0 0 .0
4 1 .1
1 0 .6
3 9 .7
1 2 .0
4 6 .6
9 .2
0 .1
9 .1
0 .5
3 .7
6 1 6 .5
3 3 9 .2
2 7 7 .3
4 4 6 .1
1 7 0 .4
5 0 5 .8
1 1 1 .2
5 .7
1 0 5 .5
0 .0
70.
3 4 7 .4
3 3 6 .5
1 0 .9
3 3 1 .7
1 5 .7
3 7 9 .4
3 4 .2
3 .2
31.
5.
20.
4 6 6 .2
3 6 8 .8
9 7 .4
3 9 3 .3
7 2 .9
4 4 8 .7
2 2 .6
4 .2
1 8 .4
4 .1
0 .0
1 ,1 8 7 .5 1 ,1 3 1 .8
1 ,1 8 7 .5 8 9 8 .7
0 .0
2 3 3 .1
8 6 5 .2
8 6 9 .7
3 2 2 .3
2 6 2 .1
1 ,0 4 3 .1 1 ,0 1 9 .
1 4 8 .9
2 0 1 .2
9 .9
3.
139.
1 9 8 .2
2 1 .6
1 0 .8
80.
80.
52
H a b ib S u g a r M ills L td .
It e m s
2002
2003
2004
162.
162.
162.
S u r p lu s
6 9 9 .5 6 7 9 .6 9 0 5 .1
8 6 1 .5 8 4 1 .6 1 ,0 6 7 .1
0 .0
0 .0
0 .0
D e b e n tu re s
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
T o ta l C a p it a l E m p lo y e d ( A 3 + A 7 ) 8 6 1 . 5 8 4 1 .6 1 , 0 6 7 .1
B .L iq u id ity :
3 1 9 .9 3 2 7 .3 3 6 2 .4
( i) C a s h
2 5 9 .5 1 7 6 .1 1 4 2 .2
6 0 .4
1 5 1 .2 2 2 0 .2
5 3 5 .7 3 1 8 .7 4 5 6 .8
In v e n to r ie s
0 .0
3 5 5 .2 3 0 3 .8
8 5 5 .6 1 ,0 0 1 .2 1 ,1 2 3 .
4 9 6 .9 7 2 8 .6 7 4 2 .4
4 9 6 .9 7 2 8 .6 7 4 2 .4
3 5 8 .7 2 7 2 .6 3 8 0 .6
2 1 3 .5 2 9 1 .5 2 4 8 .1
-1 7 7 . -4 0 1 .3 -3 8 0 .
1 ,1 1 8 . 1 ,2 3 3 .6 1 ,4 0 8 .
F i x e d a s s e t s a f t e r d e d u c t i n g a c c u m5 0u2l .a8t e d 5d6e8p. 9r e c i 6a 8t i 6o .n6
5 5 .9
5 0 .9
6 0 .5
1 ,3 5 8 .4 1 ,5 7 0 .1 1 ,8 0 9 .6
G ro s s s a le s
1 ,5 4 9 .2 9 8 4 .4 2 ,2 5 2 .3
9 6 0 .4 9 7 2 .6 2 ,2 5 2 .3
5 8 8 .8
1 1 .8
0 .0
1 ,4 3 4 .9 9 3 1 .3 1 ,9 5 0 .5
G ro s s p ro fit
1 1 4 .3
5 3 .1
3 0 1 .8
O v e rh e a d a n d O th e r E x p e n s e s 1 ,5 4 1 .7 9 9 1 .8 2 ,0 7 4 .7
3 7 .5
6 6 .6
192.
2 7 .9
5 .1
1 3 .2
N e t p ro fit b e fo re ta x (D 5 -D 6 )
9 .6
6 1 .5
1 7 8 .8
15.
0 .0
3 9 .4
0 .0
3 2 .4
3 2 .4
2005
2006
2007
2008
2009
2002
2003
2004
2005
2006
2007
2008
2009
1 1 .9
5 1 .5
6 3 .4
0 .0
0 .0
0 .0
0 .0
6 3 .4
1 0 .3
4 3 .3
5 3 .6
0 .0
0 .0
0 .0
0 .0
5 3 .6
9 .0
5 0 .0
5 9 .0
0 .0
0 .0
0 .0
0 .0
5 9 .0
8 .0
3 5 .8
4 3 .8
0 .0
0 .0
0 .0
0 .0
4 3 .8
9 .0
5 6 .2
6 5 .2
0 .0
0 .0
0 .0
0 .0
6 5 .2
9 .8
5 7 .6
6 7 .4
0 .0
0 .0
0 .0
0 .0
6 7 .4
1 0 .7
4 9 .8
6 0 .5
0 .0
0 .0
0 .0
0 .0
6 0 .5
1 2 .6
5 1 .9
6 4 .5
0 .0
0 .0
0 .0
0 .0
6 4 .5
2 ,1 5 1 .4
1 ,5 9 5 .7
5 5 5 .7
6 0 9 .7
211.
2 ,9 7 2 .1
1 ,3 5 2 .8
1 ,3 5 2 .8
1 ,6 1 9 .3
426.
7 9 8 .6
2 3 .5
1 9 .1
4 .4
3 9 .4
0 .0
6 3 .0
3 6 .6
3 6 .6
2 6 .4
1 5 .7
-1 3 .0
2 0 .8
1 1 .2
9 .6
2 0 .3
2 2 .6
6 3 .8
4 6 .4
4 6 .4
1 7 .4
1 8 .6
-2 5 .6
2 0 .0
7 .9
1 2 .2
2 5 .2
1 6 .8
6 2 .1
4 1 .0
4 1 .0
2 1 .0
1 3 .7
-2 1 .0
2 1 .3
0 .9
2 0 .4
1 9 .7
2 6 .3
6 7 .3
5 6 .2
5 6 .2
1 1 .1
1 5 .2
-3 4 .9
4 1 .6
1 5 .9
2 5 .7
1 5 .1
1 7 .5
7 4 .2
3 4 .8
3 4 .8
3 9 .4
1 4 .1
6 .8
4 9 .0
2 1 .7
2 7 .3
1 4 .6
1 3 .3
7 6 .9
3 2 .7
3 2 .7
4 4 .2
1 6 .6
1 6 .3
3 8 .5
2 2 .0
1 6 .6
2 4 .8
1 3 .1
7 6 .4
3 9 .5
3 9 .5
3 7 .0
1 3 .9
-1 .0
5 6 .5
4 1 .9
1 4 .6
1 6 .0
5 .5
7 8 .1
3 5 .5
3 5 .5
4 2 .5
1 1 .2
2 1 .0
1 ,3 9 1 .5 1 ,3 9 2 . 1 ,5 1 3 .8 1 ,6 8 7 .6 1 ,8 0 4 .6
6 6 0 .6
6 1 8 . 6 8 0 .4 7 9 0 .8 8 3 4 .4
6 7 .5
6 5 .2
62.
6 6 .4
7 7 .7
2 ,0 1 9 .3 2 ,3 9 5 .7 2 ,9 3 9 .4 3 ,3 5 4 .4 3 ,8 0 6 .5
8 2 .3
3 7 .0
4 .1
1 0 0 .0
7 8 .6
3 6 .2
3 .2
1 0 0 .0
7 7 .8
3 7 .9
3 .3
1 0 0 .0
6 8 .9
3 2 .7
3 .3
1 0 0 .0
5 8 .1
2 5 .8
2 .7
1 0 0 .0
5 1 .5
2 3 .1
2 .1
1 0 0 .0
5 0 .3
2 3 .6
2 .0
1 0 0 .0
4 7 .4
2 1 .9
2 .0
1 0 0 .0
3 ,0 7 2 .
1 ,9 5 9 .9
1 ,1 1 2 .1
2 ,7 7 7 .6
2 9 4 .4
2 ,9 5 3 .2
2 3 8 .1
3 0 .7
2 0 7 .4
50.
6 4 .8
1 0 0 .0
6 2 .0
3 8 .0
9 2 .6
7 .4
9 9 .5
2 .4
1 .8
0 .6
1 .0
0 .0
1 0 0 .0
9 8 .8
1 .2
9 4 .6
5 .4
1 0 0 .8
6 .8
0 .5
6 .2
0 .0
3 .3
1 0 0 .0
1 0 0 .0
0 .0
8 6 .6
1 3 .4
9 2 .1
8 .5
0 .6
7 .9
1 .7
1 .4
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 9 .6
1 0 .4
9 3 .6
7 .7
1 .2
6 .5
1 .7
0 .5
1 0 0 .0
1 0 0 .0
0 .0
8 7 .0
1 3 .0
9 3 .1
9 .8
0 .8
9 .0
1 .7
2 .0
1 0 0 .0
4 6 .8
5 3 .2
8 3 .6
1 6 .4
8 9 .9
1 1 .4
0 .2
1 1 .2
1 .8
2 .0
1 0 0 .0
6 7 .1
3 2 .9
8 1 .2
1 8 .8
8 7 .6
1 5 .5
1 .2
1 4 .3
3 .8
3 .7
162.
216.
288.
360.
480.
7 2 2 .5 1 ,3 4 7 .1 1 ,6 9 1 .7 1 ,6 7 0 .5 1 ,9 7 3 .7
8 8 4 .5 1 ,5 6 3 .1 1 ,9 7 9 .7 2 ,0 3 0 .5 2 ,4 5 3 .7
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
8 8 4 .5 1 ,5 6 3 .1 1 ,9 7 9 .7 2 ,0 3 0 .5 2 ,4 5 3 .7
4 2 9 .5
18.
4 1 1 .5
3 9 7 .3
5 3 1 .9
1 ,3 5 8 .7
1 ,1 3 4 .6
1 ,1 3 4 .6
2 2 4 .1
3 0 6 .5
-7 0 5 .1
996.
3 8 1 .3
6 1 4 .7
3 6 2 .4
4 1 9 .3
1 ,7 7 7 .7
8 3 2 .6
8 3 2 .6
9 4 5 .1
337.
1 6 3 .4
4 ,0 1 9 .3
4 ,0 1 9 .3
0 .0
3 ,6 0 1 .8
4 1 7 .5
3 ,7 6 0 .4
3 0 9 .6
49.
2 6 0 .6
68.
2 1 .6
1 ,4 3 9 .9
6 3 8 .5
8 0 1 .4
4 2 8 .6
3 9 0 .5
2 ,2 5 9 .
9 5 9 .8
9 5 9 .8
1 ,2 9 9 .2
4 8 8 .2
4 8 0 .1
2 ,8 3 9 .
2 ,8 3 9 .
0 .0
2 ,4 6 8 .8
3 7 0 .2
2 ,6 4 1 .9
2 7 8 .5
2 2 .2
2 5 6 .3
4 7 .5
5 7 .6
1 ,2 9 2 .2
7 3 6 .5
5 5 5 .7
8 3 3 .2
4 3 8 .2
2 ,5 6 3 .6
1 ,3 2 4 .1
1 ,3 2 4 .1
1 ,2 3 9 .5
4 6 5 .2
-3 1 .9
4 ,4 9 0 .4
2 ,1 0 2 .4
2 ,3 8 8 .
3 ,7 5 5 .7
7 3 4 .7
4 ,0 3 7 .9
5 1 3 .6
10.
5 0 3 .6
80.
90.
4 ,5 8 4 .2
3 ,0 7 8 .1
1 ,5 0 6 .1
3 ,7 2 0 .2
864.
4 ,0 1 7 .4
7 1 1 .7
5 6 .9
6 5 4 .8
175.
168.
53
H a s e e b W a q a s S u g a r M il ls L t d .
Ite m s
2002
2003
2004
324.
324.
324.
S u rp lu s
4 8 7 .1 2 7 2 .7 3 1 2 .3
8 1 1 .1 5 9 6 .7 6 3 6 .3
0 .0
0 .0
0 .0
D e b e n tu re s
0 .0
0 .0
0 .0
2 5 5 .6 1 5 8 .7 1 8 8 .6
T o ta l F ix e d L ia b ilitie s ( A 4 + A 5 + A 6 ) 2 5 5 . 6 1 5 8 .7 1 8 8 . 6
T o ta l C a p ita l E m p lo y e d ( A 3 + A 7 ) 1 ,0 6 6 .7 7 5 5 .4 8 2 4 . 9
B .L iq u id ity :
2 3 .5
1 1 .1
7 2 .6
( i) C a s h
2 3 .5
1 1 .1
7 2 .6
0 .0
0 .0
0 .0
6 1 7 .3 2 2 4 .7 1 3 5 .6
In v e n to rie s
0 .0
4 6 0 .8 2 9 0 .2
6 4 0 .8 6 9 6 .6 4 9 8 .4
6 7 8 .9 1 ,0 3 2 .7 7 0 5 .
9 3 4 .5 1 ,1 9 1 .4 8 9 3 .6
- 3 8 .1 -3 3 6 .1 -2 0 6 .6
7 5 6 .9 8 2 4 .6 5 4 9 .3
-6 5 5 .4 - 1 ,0 2 1 .6 -6 3 2 .4
1 ,5 8 0 .1 1 ,5 8 7 .2 1 ,6 3 3 .3
F i x e d a s s e t s a f t e r d e d u c t i n g a c c u m1 , u1 l0a4t e. 7d 1d ,e0 p9 r1e. c7 i a1t ,i o0 3n 1 . 4
50.
6 3 .7
6 3 .7
1 ,7 4 5 .5 1 ,7 8 8 .3 1 ,5 2 9 .8
G ro s s s a le s
1 ,8 4 8 .5 1 ,5 8 1 .3 1 ,8 6 7 .8
1 ,8 4 8 .5 1 ,5 8 1 .3 1 ,8 6 7 .8
0 .0
0 .0
0 .0
1 ,5 6 0 .7 1 ,4 5 4 .7 1 ,7 4 5 .1
G ro s s p r o f it
2 8 7 .8 1 2 6 .6 1 2 2 .7
2 3 1 .8
9 9 .5
8 6 .4
1 4 9 .8 1 1 4 .3
6 3 .7
82.
-1 4 .8
2 2 .7
8.
6 .3
8 .2
0 .0
0 .0
0 .0
2005
2006
2007
2008
2009
2002
2003
2004
2005
2006
2007
2008
2009
324.
3 7 1 .5
6 9 5 .5
0 .0
0 .0
83.
83.
7 7 8 .5
324.
2 1 2 .3
5 3 6 .3
0 .0
0 .0
3 3 .2
3 3 .2
5 6 9 .5
324.
1 6 4 .3
4 8 8 .3
0 .0
0 .0
2 0 .3
2 0 .3
5 0 8 .6
324.
2 0 6 .6
5 3 0 .6
0 .0
0 .0
0 .0
0 .0
5 3 0 .6
1 8 .6
2 7 .9
4 6 .5
0 .0
0 .0
1 4 .6
1 4 .6
6 1 .1
1 8 .1
1 5 .2
3 3 .4
0 .0
0 .0
8 .9
8 .9
4 2 .2
2 1 .2
2 0 .4
4 1 .6
0 .0
0 .0
1 2 .3
1 2 .3
5 3 .9
2 5 .4
2 9 .1
5 4 .5
0 .0
0 .0
6 .5
6 .5
6 1 .1
2 1 .1
1 3 .8
3 4 .9
0 .0
0 .0
2 .2
2 .2
3 7 .1
2 0 .6
6 .5
2 7 .1
0 .0
0 .0
0 .0
0 .0
2 7 .1
2 1 .6
1 1 .0
3 2 .6
0 .0
0 .0
1 .4
1 .4
3 4 .0
2 3 .8
1 5 .2
3 9 .0
0 .0
0 .0
0 .0
0 .0
3 9 .0
1 3 .1
1 3 .1
0 .0
1 3 9 .7
1 2 4 .6
2 7 7 .4
4 9 6 .5
5 7 9 .5
-2 1 9 .1
2 8 8 .2
-4 8 3 .4
7 7 .3
25.
7 7 .3
25.
0 .0
0 .0
2 1 6 .4 1 5 6 .4
2 7 7 .9 4 1 7 .2
5 7 1 .6 5 9 8 .6
9 6 5 .9 1 ,1 4 5 .5
9 9 9 .1 1 ,1 4 5 .5
-3 9 4 .3 - 5 4 6 .9
5 7 9 .2 7 4 7 .4
-8 8 8 .6 -1 ,1 2 0 .5
5.
1 4 6 .1
5.
1 4 6 .1
0 .0
0 .0
1 9 3 .4 1 7 3 .6
2 3 3 .2
3 5 .2
4 3 1 .6 3 5 4 .9
9 8 8 .5 8 3 0 .6
1 ,0 0 8 .8 8 3 0 .6
-5 5 6 .9 -4 7 5 .7
5 0 7 .4 2 3 1 .3
-9 8 3 .5 -6 8 4 .5
1 .3
1 .3
0 .0
3 5 .4
0 .0
3 6 .7
3 8 .9
5 3 .5
-2 .2
4 3 .4
- 3 7 .5
0 .6
0 .6
0 .0
1 2 .6
2 5 .8
3 9 .0
5 7 .7
6 6 .6
-1 8 .8
4 6 .1
-5 7 .1
4 .7
4 .7
0 .0
8 .9
1 9 .0
3 2 .6
4 6 .1
5 8 .4
-1 3 .5
3 5 .9
-4 1 .3
1 .0
1 .0
0 .0
1 1 .0
9 .8
2 1 .8
3 8 .9
4 5 .4
-1 7 .2
2 2 .6
-3 7 .9
5 .0
5 .0
0 .0
1 4 .1
1 8 .1
3 7 .2
6 2 .9
6 5 .1
-2 5 .7
3 7 .7
-5 7 .9
1 .6
1 .6
0 .0
1 0 .0
2 6 .6
3 8 .1
7 2 .9
7 2 .9
-3 4 .8
4 7 .6
-7 1 .3
0 .3
0 .3
0 .0
1 2 .9
1 5 .6
2 8 .8
6 6 .0
6 7 .4
-3 7 .2
3 3 .9
-6 5 .7
1 0 .7
1 0 .7
0 .0
1 2 .8
2 .6
2 6 .1
6 1 .0
6 1 .0
-3 5 .0
1 7 .0
-5 0 .3
1 ,6 6 0 .5 1 ,6 8 3 .5 1 ,7 4 9 .6 1 ,1 3 6 . 1 ,1 3 5 .8
9 9 7 .7 9 6 3 .6 9 7 2 .4 1 ,0 6 5 .5 1 ,0 0 6 .1
6 1 .7
5 8 .8
5 8 .9
5 6 .7
5 9 .1
1 ,2 7 5 .1 1 ,5 3 5 .2 1 ,5 7 1 . 1 ,4 9 7 .1 1 ,3 6 1 .
9 0 .5
6 3 .3
2 .9
1 0 0 .0
8 8 .8
6 1 .0
3 .6
1 0 0 .0
1 0 6 .8
6 7 .4
4 .2
1 0 0 .0
1 3 0 .2
7 8 .2
4 .8
1 0 0 .0
1 0 9 .7
6 2 .8
3 .8
1 0 0 .0
1 1 1 .4
6 1 .9
3 .7
1 0 0 .0
7 5 .9
7 1 .2
3 .8
1 0 0 .0
8 3 .5
7 3 .9
4 .3
1 0 0 .0
1 ,5 6 8 .
1 ,4 7 7 .1
9 0 .9
1 ,3 4 8 .6
2 1 9 .4
1 ,3 8 5 .
1 8 6 .8
5 1 .3
1 3 5 .5
3 6 .3
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 4 .4
1 5 .6
8 7 .5
1 2 .5
8 .1
4 .4
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 2 .0
8 .0
9 3 .8
6 .3
7 .2
- 0 .9
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 3 .4
6 .6
9 5 .4
4 .6
3 .4
1 .2
0 .4
0 .0
1 0 0 .0
9 4 .2
5 .8
8 6 .0
1 4 .0
8 8 .3
1 1 .9
3 .3
8 .6
2 .3
0 .0
1 0 0 .0
9 5 .6
4 .4
1 0 0 .2
-0 .2
1 0 2 .6
-2 .5
7 .4
-9 .9
0 .8
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 9 .8
0 .2
1 0 3 .0
-2 .7
1 0 .7
-1 3 .4
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 7 .3
2 .7
9 9 .8
0 .8
8 .2
-7 .4
0 .0
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 1 .2
1 8 .8
8 4 .1
1 5 .9
1 2 .3
3 .5
0 .5
0 .0
1 ,0 9 1 .1
1 ,0 4 3 .1
48.
1 ,0 9 2 .9
-1 .8
1 ,1 1 9 .7
-2 6 .8
8 1 .2
-1 0 8 .
8 .8
0 .0
324.
1 0 1 .5
4 2 5 .5
0 .0
0 .0
0 .0
0 .0
4 2 5 .5
1 ,0 1 5 .4
1 ,0 1 5 .4
0 .0
1 ,0 1 3 .1
2 .3
1 ,0 4 6 .
-2 7 .1
1 0 8 .6
-1 3 5 .7
4 .4
0 .0
1 ,3 2 4 .2 1 ,0 5 4 .9
1 ,3 2 4 .2 1 ,0 5 4 .9
0 .0
0 .0
1 ,2 8 8 .7 8 5 6 .7
3 5 .5
1 9 8 .2
1 ,3 2 1 .1 8 8 7 .5
1 0 .8
1 6 7 .5
109.
1 3 0 .1
-9 8 .2
3 7 .4
0 .0
5 .7
0 .0
0 .0
54
H u s e in S u g a r M ills L td .
Ite m s
2002
O rd in a ry S h a r e C a p ita l
110.
S u r p lu s
1 7 8 .3
2 8 8 .3
0 .0
D e b e n tu re s
0 .0
0 .0
T o ta l F ix e d L ia b ilitie s ( A 4 + A 5 + A 6 ) 0 .0
T o ta l C a p ita l E m p lo y e d (A 3 + A 7 ) 2 8 8 .3
B .L iq u id it y :
2 4 .2
(i) C a s h
1 9 .3
4 .9
1 3 7 .1
In v e n to rie s
0 .0
1 6 1 .3
7 0 .4
7 0 .4
9 0 .9
0 .0
-4 6 .2
5 0 6 .2
F i x e d a s s e t s a f t e r d e d u c t i n g a c c u m1 u9 l7a. t4e d
27.
3 5 8 .7
G ro s s s a le s
1 ,2 0 1 .7
1 ,2 0 0 .8
.9
9 6 0 .7
G ro s s p r o f it
241.
O v e rh e a d a n d O th e r E x p e n s e s 1 ,0 0 8 .1
2 0 2 .9
3 0 .4
1 7 2 .5
0 .0
1 6 .5
2003
2004
2005
2006
2007
2008
2009
2002
2003
2004
2005
2006
2007
2008
2009
110.
1 6 6 .9
2 7 6 .9
0 .0
0 .0
0 .0
0 .0
2 7 6 .9
110.
2 1 9 .2
3 2 9 .2
0 .0
0 .0
.7
.7
3 2 9 .9
110.
3 1 2 .5
4 2 2 .5
0 .0
0 .0
3 6 .6
3 6 .6
4 5 9 .1
121.
2 8 3 .5
4 0 4 .5
0 .0
0 .0
2 8 .5
2 8 .5
433.
121.
2 4 5 .3
3 6 6 .3
0 .0
0 .0
9 .7
9 .7
376.
121.
2 7 9 .6
4 0 0 .6
0 .0
0 .0
11.
11.
4 1 1 .6
121.
180.
301.
0 .0
0 .0
2 4 .6
2 4 .6
3 2 5 .6
3 0 .7
4 9 .7
8 0 .4
0 .0
0 .0
0 .0
0 .0
8 0 .4
1 9 .2
2 9 .1
4 8 .3
0 .0
0 .0
0 .0
0 .0
4 8 .3
2 2 .6
4 4 .9
6 7 .5
0 .0
0 .0
0 .1
0 .1
6 7 .6
1 7 .1
4 8 .5
6 5 .6
0 .0
0 .0
5 .7
5 .7
7 1 .3
1 4 .8
3 4 .7
4 9 .5
0 .0
0 .0
3 .5
3 .5
5 3 .0
1 6 .3
3 3 .0
4 9 .3
0 .0
0 .0
1 .3
1 .3
5 0 .6
2 0 .4
4 7 .1
6 7 .5
0 .0
0 .0
1 .9
1 .9
6 9 .4
1 8 .2
2 7 .0
4 5 .2
0 .0
0 .0
3 .7
3 .7
4 8 .9
1 2 .5
6 .9
5 .6
9 0 .1
2 5 9 .6
3 6 2 .2
2 9 6 .1
2 9 6 .1
6 6 .1
1 9 5 .7
-2 8 3 .6
7 4 .6
6 7 .8
6 .8
9 6 .2
9 8 .7
2 6 9 .5
1 5 7 .8
1 5 8 .5
1 1 1 .7
1.
-8 3 .2
5 0 .4
3 9 .5
1 0 .9
1 2 7 .7
1 4 0 .9
319.
1 8 4 .9
2 2 1 .5
1 3 4 .1
48.
-1 3 4 .5
2 0 .4
7 .5
1 2 .9
1 2 7 .1
3 1 4 .6
4 6 2 .1
3 8 3 .6
4 1 2 .1
7 8 .5
2 8 0 .7
-3 6 3 .2
1 8 .4
6 .1
1 2 .3
1 3 7 .7
2 4 9 .4
4 0 5 .5
3 6 7 .4
3 7 7 .1
3 8 .1
2 8 4 .9
-3 4 9 .
4 5 .5
3 3 .8
1 1 .7
1 4 7 .1
4 1 .4
234.
1 8 1 .6
1 9 2 .6
5 2 .4
3 3 .7
-1 3 6 .1
36.
2 8 .9
7 .1
1 4 9 .4
104.
2 8 9 .4
3 4 0 .6
3 6 5 .2
-5 1 .2
1 5 1 .7
- 3 0 4 .6
6 .7
5 .4
1 .4
3 8 .2
0 .0
4 5 .0
1 9 .6
1 9 .6
2 5 .3
0 .0
-1 2 .9
2 .2
1 .2
1 .0
1 5 .7
4 5 .3
6 3 .2
5 1 .7
5 1 .7
1 1 .5
3 4 .2
- 4 9 .5
1 5 .3
1 3 .9
1 .4
1 9 .7
2 0 .2
5 5 .2
3 2 .3
3 2 .5
2 2 .9
0 .2
-1 7 .1
7 .8
6 .1
1 .7
1 9 .8
2 1 .9
4 9 .5
2 8 .7
3 4 .4
2 0 .8
7 .5
-2 0 .9
2 .5
0 .9
1 .6
1 5 .6
3 8 .5
5 6 .6
4 7 .0
5 0 .5
9 .6
3 4 .4
-4 4 .5
2 .5
0 .8
1 .7
1 8 .5
3 3 .5
5 4 .5
4 9 .4
5 0 .7
5 .1
3 8 .3
-4 6 .9
7 .7
5 .7
2 .0
2 4 .8
7 .0
3 9 .5
3 0 .6
3 2 .5
8 .8
5 .7
-2 2 .9
5 .4
4 .3
1 .1
2 2 .4
1 5 .6
4 3 .4
5 1 .1
5 4 .8
- 7 .7
2 2 .8
- 4 5 .7
5 4 7 .9 5 8 4 .8
d2 e1 p0 r. e8 c i a 2t i 1o 8n . 3
2 8 .9
3 0 .3
573.
4 8 7 .8
7 2 6 .7
3 2 5 .1
3 6 .6
6 4 4 .1
778.
3 5 4 .5
24.
8 1 6 .6
799.
3 3 7 .9
4 0 .4
7 4 3 .4
8 6 2 .1
3 5 9 .1
4 2 .8
5 9 3 .1
1 0 3 .3
3 7 6 .9
7 .3
6 6 6 .3
1 4 1 .1
5 5 .0
7 .5
1 0 0 .0
9 5 .6
3 6 .8
5 .0
1 0 0 .0
1 1 9 .9
4 4 .8
6 .2
1 0 0 .0
1 1 2 .8
5 0 .5
5 .7
1 0 0 .0
9 5 .3
4 3 .4
2 .9
1 0 0 .0
1 0 7 .5
4 5 .5
5 .4
1 0 0 .0
1 4 5 .4
6 0 .5
7 .2
1 0 0 .0
1 5 .5
5 6 .6
1 .1
1 0 0 .0
1 ,3 2 4 .4
1 ,3 2 4 .4
0 .0
1 ,0 7 9 .1
2 4 5 .3
1 ,1 5 4 .
1 7 7 .7
10.
1 6 7 .7
5 0 .3
2 7 .5
1 ,1 5 3 .2
1 ,1 5 3 .2
0 .0
1 ,0 4 3 .2
110.
1 ,0 9 8 .1
6 0 .3
3 5 .2
2 5 .1
5 .1
0 .0
1 ,5 3 4 .5
1 ,5 3 4 .5
0 .0
1 ,5 1 9 .4
1 5 .1
1 ,5 8 0 .
-2 7 .6
4 2 .6
-7 0 .2
6 .7
0 .0
1 ,8 9 7 .5
1 ,8 9 7 .5
0 .0
1 ,7 2 4 .5
173.
1 ,8 0 3 .3
1 0 0 .6
4 3 .8
5 6 .8
0 .0
2 0 .6
1 ,4 6 8 .3
1 ,4 6 8 .3
0 .0
1 ,4 1 8 .7
4 9 .6
1 ,4 9 8 .8
-2 5 .
6 2 .6
-8 7 .6
7 .4
0 .0
1 0 0 .0
9 9 .9
0 .1
7 9 .9
2 0 .1
8 3 .9
1 6 .9
2 .5
1 4 .4
0 .0
1 .4
1 0 0 .0
1 0 0 .0
0 .0
8 4 .9
1 5 .1
9 1 .3
9 .8
1 .7
8 .2
3 .0
0 .0
1 0 0 .0
9 9 .3
0 .7
8 8 .8
1 1 .2
9 3 .0
7 .3
0 .6
6 .7
2 .0
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 1 .5
1 8 .5
8 7 .1
1 3 .4
0 .8
1 2 .7
3 .8
2 .1
1 0 0 .0
1 0 0 .0
0 .0
9 0 .5
9 .5
9 5 .2
5 .2
3 .1
2 .2
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 9 .0
1 .0
1 0 3 .0
-1 .8
2 .8
-4 .6
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 0 .9
9 .1
9 5 .0
5 .3
2 .3
3 .0
0 .0
1 .1
1 0 0 .0
1 0 0 .0
0 .0
9 6 .6
3 .4
1 0 2 .1
- 1 .7
4 .3
- 6 .0
0 .5
0 .0
7 0 5 .9
7 0 5 .9
0 .0
5 9 9 .3
1 0 6 .6
6 4 4 .4
6 9 .3
1 1 .7
5 7 .6
2 1 .5
0 .0
1 ,2 3 5 .4
1 ,2 2 6 .2
9 .2
1 ,0 9 7 .4
138.
1 ,1 4 9 .5
9 0 .4
7 .1
8 3 .3
2 5 .1
0 .0
55
K h a ir p u r S u g a r M ills L td .
Ite m s
S u r p lu s
D e b e n tu re s
B .L iq u id it y :
( i) C a s h
In v e n to rie s
G r o s s s a le s
2002
2003
2004
2005
2006
2007
2008
2009
2002
2003
2004
2005
2006
2007
2008
2009
1 6 0 .2
-5 1 5 .6
-3 5 5 .4
0 .0
2 9 .1
3 1 0 .2
3 3 9 .3
-1 6 .1
1 6 0 .2
-3 9 0 .4
-2 3 0 .2
0 .0
0 .0
5 5 0 .9
5 5 0 .9
3 2 0 .7
1 6 0 .2
-3 1 .3
1 2 8 .9
0 .0
3 2 .2
4 4 0 .8
473.
6 0 1 .9
1 6 0 .2
-8 4 .6
7 5 .6
0 .0
2 3 .9
3 8 5 .6
4 0 9 .5
4 8 5 .1
1 6 0 .2
-1 1 7 .1
4 3 .1
0 .0
0 .0
3 2 9 .2
3 2 9 .2
3 7 2 .3
1 6 0 .2
-1 7 8 .6
-1 8 .4
0 .0
0 .0
6 1 5 .3
6 1 5 .3
5 9 6 .9
1 6 0 .2
-3 7 .6
1 2 2 .6
0 .0
0 .0
1 8 0 .7
1 8 0 .7
3 0 3 .3
1 6 0 .2
-8 .9
1 5 1 .3
0 .0
0 .0
1 0 7 .6
1 0 7 .6
2 5 8 .9
2 6 .4
-8 4 .8
-5 8 .5
0 .0
4 .8
5 1 .0
5 5 .8
-2 .6
2 6 .9
-6 5 .6
-3 8 .7
0 .0
0 .0
9 2 .6
9 2 .6
5 3 .9
1 6 .2
-3 .2
1 3 .1
0 .0
3 .3
4 4 .6
4 7 .9
6 0 .9
1 6 .3
-8 .6
7 .7
0 .0
2 .4
3 9 .3
4 1 .7
4 9 .4
1 5 .9
-1 1 .7
4 .3
0 .0
0 .0
3 2 .8
3 2 .8
3 7 .0
1 7 .2
-1 9 .2
-2 .0
0 .0
0 .0
6 6 .0
6 6 .0
6 4 .1
1 0 .8
-2 .5
8 .3
0 .0
0 .0
1 2 .2
1 2 .2
2 0 .5
1 0 .6
-0 .6
1 0 .0
0 .0
0 .0
7 .1
7 .1
1 7 .2
1 .7
1 .7
0 .0
5 6 .4
0 .0
5 8 .1
6 2 3 .8
9 6 3 .1
-5 6 5 .7
5 9 2 .6
-6 2 2 .1
1 .5
1 .5
0 .0
5 6 .4
1 0 .6
6 8 .5
2 7 4 .4
8 2 5 .3
-2 0 5 .9
6 2 8 .8
-2 7 2 .9
1 .4
1 .4
0 .0
7 3 .7
8 .1
8 3 .2
3 8 5 .8
8 5 8 .8
-3 0 2 .6
5 5 5 .6
-3 8 4 .4
1 3 .9
1 3 .9
0 .0
1 0 5 .6
7.
1 2 6 .5
4 9 6 .5
906.
-3 7 0 .
4 8 2 .6
-4 8 2 .6
5 .4
5 .4
0 .0
1 0 0 .2
5 9 .9
1 6 5 .5
6 3 2 .5
9 6 1 .7
-4 6 7 .
407.
-6 2 7 .1
1 4 .8
8.
1 4 .8
8.
0 .0
0 .0
9 3 .4
1 2 5 .3
5 .6
2 5 2 .6
1 1 3 .8
3 8 5 .9
3 3 5 . 1 ,1 7 7 .9
9 5 0 .3 1 ,3 5 8 .6
-2 2 1 .2
-7 9 2 .
6 9 6 .6
2 5 3 .8
- 3 2 0 .2 -1 ,1 6 9 .9
3 9 .7
3 9 .7
0 .0
1 0 4 .5
4 4 .6
1 8 8 .8
1 ,2 4 7 .3
1 ,3 5 4 .9
-1 ,0 5 8 .5
1 8 5 .8
-1 ,2 0 7 .6
0 .3
0 .3
0 .0
9 .3
0 .0
9 .6
1 0 2 .6
1 5 8 .5
-9 3 .1
9 7 .5
-1 0 2 .4
0 .3
0 .3
0 .0
9 .5
1 .8
1 1 .5
4 6 .1
1 3 8 .7
-3 4 .6
1 0 5 .7
-4 5 .9
0 .1
0 .1
0 .0
7 .5
0 .8
8 .4
3 9 .1
8 7 .0
-3 0 .6
5 6 .3
-3 8 .9
1 .4
1 .4
0 .0
1 0 .8
0 .7
1 2 .9
5 0 .6
9 2 .3
-3 7 .7
4 9 .2
-4 9 .2
0 .5
0 .5
0 .0
1 0 .0
6 .0
1 6 .5
6 2 .9
9 5 .7
-4 6 .5
4 0 .5
-6 2 .4
1 .6
1 .6
0 .0
1 0 .0
0 .6
1 2 .2
3 5 .9
1 0 2 .0
-2 3 .7
7 4 .8
-3 4 .4
0 .5
0 .5
0 .0
8 .5
1 7 .1
2 6 .1
7 9 .5
9 1 .7
-5 3 .5
1 7 .1
-7 9 .0
2 .6
2 .6
0 .0
6 .9
3 .0
1 2 .5
8 2 .8
9 0 .0
-7 0 .3
1 2 .3
-8 0 .2
8 2 6 .3
8 3 1 . 1 ,2 7 5 .5 1 ,2 7 8 .7 1 ,3 1 3 .3 1 ,3 4 1 .4 1 ,6 7 0 .3 1 ,9 6 1 .
u l a5 t4e9d. 7d e p r5e 2c 6ia. 5t io n 9 0 4 . 4
8 5 5 .1
8 3 9 .4
8 1 8 .1 1 ,0 9 5 .3 1 ,3 1 7 .3
2 8 .1
2 8 .2
6 7 .9
5 2 .5
5 1 .7
4 9 .4
5 1 .7
6 8 .7
6 0 7 .8
595.
9 8 7 .6
9 8 1 .6 1 ,0 0 4 .9 9 3 1 .9 1 ,4 8 1 .2 1 ,5 0 6 .1
1 3 5 .9
9 0 .4
4 .6
1 0 0 .0
1 3 9 .7
8 8 .5
4 .7
1 0 0 .0
1 2 9 .2
9 1 .6
6 .9
1 0 0 .0
1 3 0 .3
8 7 .1
5 .3
1 0 0 .0
1 3 0 .7
8 3 .5
5 .1
1 0 0 .0
1 4 3 .9
8 7 .8
5 .3
1 0 0 .0
1 1 2 .8
7 3 .9
3 .5
1 0 0 .0
1 3 0 .2
8 7 .5
4 .6
1 0 0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 8 .4
1 .6
1 0 1 .6
-1 .5
6 .8
-8 .3
0 .0
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 2 .3
7 .7
9 6 .5
1 7 .4
0 .8
1 6 .5
0 .2
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 0 8 .6
-8 .6
1 1 3 .3
-1 3 .0
1 .0
-1 3 .9
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 0 2 .3
-2 .3
1 0 7 .8
-7 .1
0 .9
-8 .1
0 .4
1 0 0 .0
1 0 0 .0
0 .0
9 6 .4
3 .6
1 0 1 .1
-1 .0
1 .2
-2 .2
0 .4
1 0 0 .0
1 0 0 .0
0 .0
9 9 .6
0 .4
1 0 4 .5
-4 .4
1 .4
-5 .8
0 .4
1 0 0 .0
1 0 0 .0
0 .0
9 9 .6
0 .4
1 0 7 .2
-5 .3
1 .6
-7 .0
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 2 .0
8 .0
9 7 .8
2 .6
0 .3
2 .3
0 .5
7 7 1 .2
7 7 1 .2
0 .0
7 5 8 .6
1 2 .6
7 8 3 .7
-1 1 .5
5 2 .3
-6 3 .8
0 .0
0 .0
764.
764.
0 .0
7 0 5 .5
5 8 .5
7 3 7 .3
1 3 2 .6
6 .4
1 2 6 .2
1 .7
0 .0
6 1 0 .5
6 1 0 .5
0 .0
6 6 3 .3
-5 2 .8
6 9 1 .4
-7 9 .2
5 .9
-8 5 .1
2 .7
0 .0
6 3 9 .5
6 3 9 .5
0 .0
6 5 4 .1
-1 4 .6
6 8 9 .5
-4 5 .7
5 .9
-5 1 .6
2 .8
0 .0
8 5 0 .7
8 5 0 .7
0 .0
8 2 0 .4
3 0 .3
860.
-8 .6
9 .9
-1 8 .5
3 .7
0 .0
9 9 4 .3
9 9 4 .3
0 .0
9 9 0 .7
3 .6
1 ,0 3 8 .6
-4 3 .4
1 3 .9
-5 7 .3
4 .3
0 .0
7 1 6 .3
7 1 6 .3
0 .0
7 1 3 .6
2 .7
7 6 7 .7
-3 8 .2
1 1 .7
-4 9 .9
0 .0
0 .0
1 ,0 7 5 .5
1 ,0 7 5 .5
0 .0
9 8 9 .9
8 5 .6
1 ,0 5 2 .2
2 8 .4
3 .3
2 5 .1
5 .4
0 .0
56
K o h in o o r S u g a r M ills L td .
Ite m s
2002
2003
2004
A .C a p it a l S tr u c t u re :
9 4 .9
9 4 .9
9 4 .9
S u r p lu s
4 1 1 .8 3 7 8 .9
4 0 7 .5
5 0 6 .7 4 7 3 .8
5 0 2 .4
0 .0
0 .0
0 .0
D e b e n tu re s
0 .0
0 .0
0 .0
4 4 .4
1 1 7 .9
3 5 .6
T o ta l F ix e d L ia b ilitie s ( A 4 + A 5 + A 6 ) 4 4 .4
1 1 7 .9
3 5 .6
5 5 1 .1 5 9 1 .7
538.
B .L i q u id ity :
11.
2 .6
1 .2
( i)C a s h
5 .3
2 .6
1 .2
( ii)In v e s tm e n ts
5 .7
0 .0
0 .0
1 7 6 .4 1 3 0 .3
137.
In v e n to r ie s
0 .0
9 6 .5
9 5 .6
1 8 7 .4 2 2 9 .4
2 3 3 .8
276.
2 8 8 .8
3 6 5 .2
3 2 0 .4 4 0 6 .7
4 0 0 .8
-8 8 .6
-5 9 .4 -1 3 1 .4
2 0 5 .4 3 1 4 .6
298.
-2 6 5 . -2 8 6 .2 -3 6 4 .
9 2 2 .5 8 7 2 .3
9 2 9 .1
F i x e d a s s e t s a f t e r d e d u c t i n g a c c u m u6 l3a9t e. 7d d e p6 r5e1c. i a t i o6n6 9 . 4
2 4 .5
2 2 .8
3 5 .2
T o ta l a s s e ts ( B 4 + C 2 )
8 2 7 .1 8 8 0 .4
9 0 3 .2
G ro s s s a le s
1 ,0 6 7 .8 9 0 8 .6
9 4 7 .4
( i)L o c a l s a le s
1 ,0 6 7 .8 9 0 8 .6
9 4 7 .4
( ii)E x p o r t s a le s
0 .0
0 .0
0 .0
930.
8 7 4 .5
8 4 7 .9
G ro s s p ro f it
1 3 7 .8
3 4 .1
9 9 .5
973.
912.
8 9 1 .7
1 0 5 .5
-2 .8
5 9 .6
5 5 .2
2 6 .1
2 6 .8
N e t p r o f it b e fo re ta x (D 5 -D 6 )
5 0 .3
-2 8 .9
3 2 .8
4 .6
5 .4
0 .0
1 4 .2
0 .0
0 .0
2005
2006
2007
2008
2009
2002
2003
2004
2005
2006
2007
2008
2009
9 4 .9
4 4 9 .4
5 4 4 .3
0 .0
0 .0
1 0 4 .9
1 0 4 .9
6 4 9 .2
9 4 .9
1 0 9 .1 1 0 9 .1 1 0 9 .1
6 7 7 .3 5 1 2 .7 4 6 8 .2 5 6 3 .3
7 7 2 .2 6 2 1 .8 5 7 7 .3 6 7 2 .4
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
3 3 8 .4 4 6 8 .6 5 2 0 .1 3 9 9 .3
3 3 8 .4 4 6 8 .6 5 2 0 .1 3 9 9 .3
1 ,1 1 0 .6 1 ,0 9 0 .4 1 ,0 9 7 .4 1 ,0 7 1 .7
1 1 .5
4 9 .8
6 1 .3
0 .0
0 .0
5 .4
5 .4
6 6 .6
1 0 .8
4 3 .0
5 3 .8
0 .0
0 .0
1 3 .4
1 3 .4
6 7 .2
1 0 .5
4 5 .1
5 5 .6
0 .0
0 .0
3 .9
3 .9
5 9 .6
1 0 .3
4 8 .9
5 9 .2
0 .0
0 .0
1 1 .4
1 1 .4
7 0 .6
5 .6
3 9 .9
4 5 .5
0 .0
0 .0
1 9 .9
1 9 .9
6 5 .5
5 .9
2 7 .6
3 3 .4
0 .0
0 .0
2 5 .2
2 5 .2
5 8 .6
5 .1
2 1 .9
2 6 .9
0 .0
0 .0
2 4 .3
2 4 .3
5 1 .2
5 .5
2 8 .3
3 3 .8
0 .0
0 .0
2 0 .1
2 0 .1
5 3 .9
2 .9
2 .9
0 .0
159.
6 6 .4
2 2 8 .3
2 7 0 .2
3 7 5 .1
-4 1 .9
2 4 8 .6
-2 6 7 .3
9 .6
1 .2
9 .6
1 .2
0 .0
0 .0
1 6 4 .7 1 7 5 .2
219.
176.
3 9 3 .3 3 5 2 .4
5 8 5 .8
769.
9 2 4 .2 1 ,2 3 7 .6
-1 9 2 .5 -4 1 6 .6
6 8 6 .9 7 8 6 .3
-5 7 6 .2 -7 6 7 .8
8 .8
1 3 .4
8 .8
1 3 .4
0 .0
0 .0
2 1 5 .5 2 5 4 .5
3 5 8 .4
9 2 .4
5 8 2 .7 3 6 0 .3
1 ,0 4 4 .9 9 1 8 .2
1 ,5 6 5 . 1 ,3 1 7 .5
-4 6 2 .2 -5 5 7 .9
7 7 0 .6 5 3 0 .1
- 1 ,0 3 6 .1 -9 0 4 .8
1 .3
0 .6
0 .7
2 1 .3
0 .0
2 2 .7
3 3 .4
3 8 .7
-1 0 .7
2 4 .8
-3 2 .0
0 .3
0 .3
0 .0
1 4 .8
1 1 .0
2 6 .1
3 2 .8
4 6 .2
-6 .7
3 5 .7
- 3 2 .5
0 .1
0 .1
0 .0
1 5 .2
1 0 .6
2 5 .9
4 0 .4
4 4 .4
-1 4 .5
3 3 .0
-4 0 .3
0 .3
0 .3
0 .0
1 7 .3
7 .2
2 4 .8
2 9 .4
4 0 .8
-4 .6
2 7 .0
-2 9 .1
0 .6
0 .6
0 .0
9 .7
1 2 .9
2 3 .2
3 4 .5
5 4 .5
-1 1 .3
4 0 .5
-3 4 .0
0 .1
0 .1
0 .0
9 .4
9 .5
1 9 .0
4 1 .4
6 6 .6
- 2 2 .4
4 2 .3
- 4 1 .3
0 .4
0 .4
0 .0
1 0 .1
1 6 .7
2 7 .2
4 8 .8
7 3 .1
-2 1 .6
3 6 .0
-4 8 .4
0 .7
0 .7
0 .0
1 2 .8
4 .6
1 8 .1
4 6 .1
6 6 .2
-2 8 .0
2 6 .6
-4 5 .5
9 8 5 .8
691.
3 5 .2
9 1 9 .3
1 ,6 1 7 .2 1 ,8 5 7 .5 1 ,9 7 1 . 2 ,0 9 8 .4
1 ,3 0 3 .2 1 ,5 0 7 .1 1 ,5 5 9 .5 1 ,6 2 9 .7
3 3 .9
3 6 .6
6 3 .3
6 1 .9
1 ,6 9 6 .5 1 ,8 5 9 .5 2 ,1 4 2 .2 1 ,9 9 0 .
1 1 1 .5
7 7 .3
3 .0
1 0 0 .0
9 9 .1
7 3 .9
2 .6
1 0 0 .0
1 0 2 .9
7 4 .1
3 .9
1 0 0 .0
1 0 7 .2
7 5 .2
3 .8
1 0 0 .0
9 5 .3
7 6 .8
2 .0
1 0 0 .0
9 9 .9
8 1 .0
2 .0
1 0 0 .0
9 2 .0
7 2 .8
3 .0
1 0 0 .0
1 0 5 .4
8 1 .9
3 .1
1 0 0 .0
9 7 4 .1
9 7 4 .1
0 .0
8 3 8 .9
1 3 5 .2
896.
1 0 5 .6
2 0 .8
8 4 .8
1 3 .6
1 0 .4
1 ,0 3 7 .9 7 4 8 .6
1 ,0 3 7 .9 7 4 8 .6
0 .0
0 .0
9 0 0 .3 7 8 7 .8
1 3 7 .6
-3 9 .2
9 5 4 .9 8 4 0 .9
8 8 .7
-7 7 .8
5 1 .8
5 9 .4
3 6 .9
-1 3 7 .2
4 .6
3 .8
1 4 .2
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 7 .1
1 2 .9
9 1 .1
9 .9
5 .2
4 .7
0 .4
1 .3
1 0 0 .0
1 0 0 .0
0 .0
9 6 .2
3 .8
1 0 0 .4
-0 .3
2 .9
-3 .2
0 .6
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 9 .5
1 0 .5
9 4 .1
6 .3
2 .8
3 .5
0 .0
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 6 .1
1 3 .9
9 2 .0
1 0 .8
2 .1
8 .7
0 .9
0 .7
1 0 0 .0
1 0 0 .0
0 .0
8 6 .7
1 3 .3
9 2 .0
8 .5
5 .0
3 .6
0 .4
1 .4
1 0 0 .0
1 0 0 .0
0 .0
1 0 5 .2
-5 .2
1 1 2 .3
- 1 0 .4
7 .9
- 1 8 .3
0 .5
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 6 .8
3 .2
1 0 2 .3
-1 .1
8 .5
-9 .5
0 .0
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 6 .8
1 3 .2
9 2 .0
8 .4
7 .9
0 .4
0 .1
0 .0
1 ,0 8 9 .2
1 ,0 8 9 .2
0 .0
1 ,0 5 4 .2
35.
1 ,1 1 4 .4
-1 1 .9
9 2 .1
-1 0 4 .
0 .0
0 .0
1 ,3 7 9 .
1 ,3 7 9 .
0 .0
1 ,1 9 6 .6
1 8 2 .4
1 ,2 6 8 .
1 1 5 .2
1 0 9 .4
5 .8
1 .3
0 .0
57
M e h r a n S u g a r M ills L t d .
Ite m s
2002
2003
2004
9 8 .4
9 8 .4
9 8 .4
S u r p lu s
1 9 5 .1
1 9 0 .6
1 2 7 .4
2 9 3 .5
289.
2 2 5 .8
0 .0
0 .0
0 .0
D e b e n tu re s
0 .0
0 .0
0 .0
7.
0 .0
1 0 4 .8
7.
0 .0
1 0 4 .8
3 0 0 .5
289.
3 3 0 .6
B .L iq u id it y :
4 6 .5
4 6 .4
5 4 .8
( i) C a s h
4.
3 .9
3 .1
4 2 .5
4 2 .5
5 1 .7
1 8 9 .2
1 2 1 .2
153.
In v e n to rie s
0 .0
1 5 2 .6
3 2 1 .5
2 3 5 .7
3 2 0 .2
5 2 9 .3
3 1 0 .7
3 9 5 .9
620.
3 1 7 .7
3 9 5 .9
7 2 4 .8
-7 5 .
-7 5 .7
-9 0 .7
1 0 4 .2
9 4 .1
2 0 8 .6
-2 6 4 .2 -3 4 9 .5 -5 6 5 .2
6 7 9 .7
6 9 7 .6
7 8 4 .6
F ix e d a s s e t s a f t e r d e d u c t in g a c c u m u l a3 t7e5d. 5d e p r3e 6c 4ia. 7t io n 4 2 1 . 3
1 5 .5
2 9 .8
3 1 .2
6 1 1 .2
6 8 4 .9
9 5 0 .6
G r o s s s a le s
7 9 9 .4
8 9 5 .1
7 7 3 .3
7 9 1 .1
8 7 2 .2
7 7 3 .3
8 .3
2 2 .9
0 .0
8 3 9 .5
8 5 0 .8
7 3 9 .8
-4 0 .1
4 4 .3
3 3 .5
8 6 8 .1
8 8 1 .8
7 9 1 .6
-6 6 .3
15.
4 2 .3
33.
1 7 .2
1 1 .9
-9 9 .3
-2 .2
3 0 .4
3 .8
4 .1
3 .6
0 .0
0 .0
0 .0
2005
2006
2007
2008
2009
2002
2003
2004
2005
2006
2007
2008
2009
9 8 .4
6 7 .5
1 6 5 .9
0 .0
0 .0
7 2 .9
7 2 .9
2 3 8 .8
9 8 .4
1 3 1 .4
2 2 9 .8
0 .0
0 .0
4 9 .8
4 9 .8
2 7 9 .6
9 8 .4
20.
1 1 8 .4
0 .0
0 .0
1 5 2 .2
1 5 2 .2
2 7 0 .6
9 8 .4
7 7 .4
1 7 5 .8
0 .0
0 .0
1 2 7 .5
1 2 7 .5
3 0 3 .3
1 1 8 .1
2 1 5 .6
3 3 3 .7
0 .0
0 .0
9 0 .6
9 0 .6
4 2 4 .3
1 6 .1
3 1 .9
4 8 .0
0 .0
0 .0
1 .1
1 .1
4 9 .2
1 4 .4
2 7 .8
4 2 .2
0 .0
0 .0
0 .0
0 .0
4 2 .2
1 0 .4
1 3 .4
2 3 .8
0 .0
0 .0
1 1 .0
1 1 .0
3 4 .8
1 1 .9
8 .2
2 0 .1
0 .0
0 .0
8 .8
8 .8
2 9 .0
1 2 .2
1 6 .3
2 8 .5
0 .0
0 .0
6 .2
6 .2
3 4 .7
1 2 .9
2 .6
1 5 .5
0 .0
0 .0
1 9 .9
1 9 .9
3 5 .4
8 .3
6 .5
1 4 .8
0 .0
0 .0
1 0 .7
1 0 .7
2 5 .5
1 0 .6
1 9 .3
2 9 .8
0 .0
0 .0
8 .1
8 .1
3 7 .9
5 6 .9
.2
5 6 .7
153.
2 0 3 .8
4 1 3 .7
5 8 5 .6
6 5 8 .5
-1 7 1 .9
2 0 9 .4
-5 2 8 .7
1 1 0 .2
2 6 .5
8 3 .7
1 6 1 .3
1 3 9 .7
4 1 1 .2
5 2 5 .9
5 7 5 .7
-1 1 4 .7
2 5 6 .2
-4 1 5 .7
1 0 0 .1
2 .2
9 7 .9
1 2 5 .4
1 1 8 .4
3 4 3 .9
493.
6 4 5 .2
-1 4 9 .1
2 8 9 .3
-3 9 2 .9
1 5 3 .2
1 .7
1 5 1 .5
176.
4 3 7 .1
7 6 6 .3
8 8 8 .3
1 ,0 1 5 .8
-1 2 2 .
3 1 0 .1
-7 3 5 .1
2 1 4 .6
1 .3
2 1 3 .3
2 5 0 .4
1 4 1 .3
6 0 6 .3
6 9 4 .1
7 8 4 .7
-8 7 .8
1 9 8 .6
- 4 7 9 .5
7 .6
0 .7
7 .0
3 1 .0
0 .0
3 8 .6
5 0 .8
5 2 .0
-1 2 .3
1 7 .0
-4 3 .2
6 .8
0 .6
6 .2
1 7 .7
2 2 .3
4 6 .8
5 7 .8
5 7 .8
-1 1 .1
1 3 .7
-5 1 .0
5 .8
0 .3
5 .4
1 6 .1
3 3 .8
5 5 .7
6 5 .2
7 6 .2
-9 .5
2 1 .9
-5 9 .5
6 .9
0 .0
6 .9
1 8 .6
2 4 .7
5 0 .2
7 1 .0
7 9 .9
-2 0 .8
2 5 .4
-6 4 .1
1 3 .7
3 .3
1 0 .4
2 0 .0
1 7 .3
5 1 .0
6 5 .3
7 1 .5
-1 4 .2
3 1 .8
-5 1 .6
1 3 .1
0 .3
1 2 .8
1 6 .4
1 5 .5
4 5 .0
6 4 .6
8 4 .5
-1 9 .5
3 7 .9
-5 1 .4
1 2 .9
0 .1
1 2 .7
1 4 .8
3 6 .7
6 4 .3
7 4 .5
8 5 .2
-1 0 .2
2 6 .0
-6 1 .7
1 9 .2
0 .1
1 9 .1
2 2 .4
1 2 .6
5 4 .2
6 2 .1
7 0 .2
-7 .8
1 7 .8
-4 2 .9
8 0 5 .5
4 1 0 .8
3 2 .8
8 2 4 .5
8 2 1 .4
3 9 4 .3
3 3 .1
8 0 5 .5
8 7 9 .9
4 1 9 .8
3 4 .3
7 6 3 .7
9 1 7 . 1 ,0 3 8 .5
4 2 5 .3
5 1 2 .2
3 4 .7
3 6 .5
1 ,1 9 1 .6 1 ,1 1 8 .5
1 1 1 .2
6 1 .4
2 .5
1 0 0 .0
1 0 1 .9
5 3 .2
4 .4
1 0 0 .0
8 2 .5
4 4 .3
3 .3
1 0 0 .0
9 7 .7
4 9 .8
4 .0
1 0 0 .0
1 0 2 .0
4 9 .0
4 .1
1 0 0 .0
1 1 5 .2
5 5 .0
4 .5
1 0 0 .0
7 7 .0
3 5 .7
2 .9
1 0 0 .0
9 2 .8
4 5 .8
3 .3
1 0 0 .0
1 ,1 0 9 .3
1 ,1 0 9 .3
0 .0
1 ,0 4 8 .3
61.
1 ,0 8 3 .5
3 4 .4
2 9 .7
4 .7
5 .6
0 .0
2 ,2 5 9 .6
1 ,9 0 0 .8
3 5 8 .8
2 ,0 7 1 .1
1 8 8 .5
2 ,1 1 8 .5
1 4 5 .8
4 6 .9
9 8 .9
9 .8
0 .0
1 0 0 .0
9 9 .0
1 .0
1 0 5 .0
-5 .0
1 0 8 .6
-8 .3
4 .1
-1 2 .4
0 .5
0 .0
1 0 0 .0
9 7 .4
2 .6
9 5 .1
4 .9
9 8 .5
1 .7
1 .9
-0 .2
0 .5
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 5 .7
4 .3
1 0 2 .4
5 .5
1 .5
3 .9
0 .5
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 4 .5
5 .5
9 7 .7
3 .1
2 .7
0 .4
0 .5
0 .0
1 0 0 .0
8 4 .1
1 5 .9
9 1 .7
8 .3
9 3 .8
6 .5
2 .1
4 .4
0 .4
0 .0
1 0 0 .0
9 2 .7
7 .3
1 0 0 .5
-0 .5
1 0 3 .6
-3 .5
3 .9
-7 .4
0 .4
0 .0
1 0 0 .0
8 3 .5
1 6 .5
9 1 .8
8 .2
9 7 .2
7 .2
3 .0
4 .2
0 .2
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 3 .5
1 6 .5
8 9 .6
1 3 .0
2 .7
1 0 .3
0 .2
1 .7
1 ,4 8 5 .9 1 ,4 3 9 .3
1 ,3 7 6 .9 1 ,2 0 2 .
109.
2 3 7 .3
1 ,4 9 3 .3 1 ,3 2 0 .7
-7 .4
1 1 8 .6
1 ,5 3 9 .6 1 ,3 9 8 .9
-5 2 .7
1 0 4 .2
5 7 .8
4 3 .6
-1 1 0 .5
6 0 .6
6 .5
2 .4
0 .0
0 .0
2 ,3 8 7 .4
2 ,3 8 7 .4
0 .0
1 ,9 9 4 .4
393.
2 ,1 3 8 .6
311.
6 5 .3
2 4 5 .7
5 .1
4 1 .3
58
M ir p u r k h a s S u g a r M ills L td .
It e m s
2002
2003
2004
6 3 .9
6 3 .9
6 3 .9
S u r p lu s
-6 6 .
- .9
9 8 .2
-2 .1
63.
1 6 2 .1
0 .0
0 .0
0 .0
D e b e n tu re s
0 .0
0 .0
0 .0
1 4 .2
2 2 2 .8
2 2 1 .2
T o ta l F ix e d L ia b ilitie s ( A 4 + A 5 + A 6 ) 1 4 . 2
2 2 2 .8
2 2 1 .2
1 2 .1
2 8 5 .8
3 8 3 .3
B .L iq u id ity :
1 4 .7
1 5 1 .6
2 8 3 .1
( i)C a s h
1 .1
1 0 .2
3 .3
1 3 .6
1 4 1 .4
2 7 9 .8
2 7 1 .6
102.
1 3 4 .5
In v e n to r ie s
0 .0
1 0 1 .1
2 6 2 .3
2 8 6 .3 3 5 4 .7
6 7 9 .9
5 7 8 .1 3 5 5 .4
6 0 6 .3
5 9 2 .3 5 7 8 .2
8 2 7 .5
-2 9 1 .8
- .7
7 3 .6
4 7 3 .2 3 9 4 .1
3 8 6 .6
N e t liq u id a s s e ts ( B 1 -B 5 )
-5 6 3 .4 -2 0 3 .8 -3 2 3 .2
6 2 8 .7 6 2 8 .4
6 5 0 .6
F i x e d a s s e t s a f t e r d e d u c t i n g a c c u m u3 l0a3t e. 9d d e2p8r 6e .c6i a t i o3n0 9 . 6
18.
1 6 .9
1 5 .9
T o ta l a s s e ts ( B 4 + C 2 )
5 9 0 .2 6 4 1 .3
9 8 9 .5
G ro s s s a le s
5 1 6 .1
634.
5 6 9 .8
5 1 0 .3
634.
5 6 4 .1
( ii)E x p o rt s a le s
5 .8
0 .0
5 .7
6 1 3 .9 6 1 6 .8
567.
G ro s s p ro f it
-9 7 .8
1 7 .2
2 .8
6 4 4 .9 6 4 7 .4
5 9 6 .6
-8 4 .
-2 .7
-.1
6 4 .5
57.
3 0 .9
N e t p r o f it b e f o re ta x (D 5 -D 6 )
-1 4 8 .5 -5 9 .7
-3 1 .
3.
3 .7
2 .9
0 .0
0 .0
0 .0
1 0 .T o ta l v a lu e o f b o n u s s h a r e s is s u e d
2005
2006
2007
2008
2009
2002
2003
2004
2005
2006
2007
2008
2009
6 3 .9
2 2 7 .9
2 9 1 .8
0 .0
0 .0
2 1 7 .3
2 1 7 .3
5 0 9 .1
6 3 .9
3 3 9 .9
4 0 3 .8
0 .0
0 .0
1 1 4 .9
1 1 4 .9
5 1 8 .7
6 3 .9
2 9 5 .1
359.
0 .0
0 .0
3 1 .8
3 1 .8
3 9 0 .8
6 3 .9
2 0 0 .5
2 6 4 .4
0 .0
0 .0
1 7 7 .8
1 7 7 .8
4 4 2 .2
6 3 .9
3 8 5 .6
4 4 9 .5
0 .0
0 .0
1 3 3 .3
1 3 3 .3
5 8 2 .8
1 0 .8
-1 1 .2
-0 .4
0 .0
0 .0
2 .4
2 .4
2 .1
1 0 .0
- 0 .1
9 .8
0 .0
0 .0
3 4 .7
3 4 .7
4 4 .6
6 .5
9 .9
1 6 .4
0 .0
0 .0
2 2 .4
2 2 .4
3 8 .7
6 .8
2 4 .2
3 1 .0
0 .0
0 .0
2 3 .1
2 3 .1
5 4 .1
6 .0
3 1 .8
3 7 .8
0 .0
0 .0
1 0 .8
1 0 .8
4 8 .6
6 .4
2 9 .4
3 5 .7
0 .0
0 .0
3 .2
3 .2
3 8 .9
5 .1
1 6 .0
2 1 .1
0 .0
0 .0
1 4 .2
1 4 .2
3 5 .3
4 .9
2 9 .4
3 4 .2
0 .0
0 .0
1 0 .2
1 0 .2
4 4 .4
3 1 4 .8
5 .9
3 0 8 .9
1 1 8 .7
1 9 8 .8
6 3 2 .3
4 3 1 .2
6 4 8 .5
2 0 1 .1
3 1 9 .7
-1 1 6 .4
294.
12.
282.
1 1 5 .4
3 3 6 .4
7 4 5 .8
5 4 9 .3
6 6 4 .2
1 9 6 .5
4 6 3 .8
-2 5 5 .3
3 1 6 .6
1 0 .1
3 0 6 .5
1 0 5 .8
1 8 3 .8
6 0 6 .2
6 1 3 .4
6 4 5 .2
-7 .2
4 3 5 .2
-2 9 6 .8
2 2 8 .8
1 3 .3
2 1 5 .5
180.
4 2 6 .6
8 3 5 .4
8 1 0 .2
988.
2 5 .2
3 3 1 .6
-5 8 1 .4
2 6 6 .6
35.
2 3 1 .6
2 5 8 .4
2 0 3 .2
7 2 8 .2
7 3 0 .3
8 6 3 .6
- 2 .1
348.
- 4 6 3 .7
2 .5
0 .2
2 .3
4 6 .0
0 .0
4 8 .5
9 7 .9
1 0 0 .4
-4 9 .4
8 0 .2
-9 5 .5
2 3 .6
1 .6
2 2 .0
1 5 .9
1 5 .8
5 5 .3
5 5 .4
9 0 .2
- 0 .1
6 1 .5
- 3 1 .8
2 8 .6
0 .3
2 8 .3
1 3 .6
2 6 .5
6 8 .7
6 1 .3
8 3 .6
7 .4
3 9 .1
-3 2 .7
3 3 .5
0 .6
3 2 .8
1 2 .6
2 1 .1
6 7 .2
4 5 .9
6 9 .0
2 1 .4
3 4 .0
-1 2 .4
2 7 .5
1 .1
2 6 .4
1 0 .8
3 1 .5
6 9 .8
5 1 .4
6 2 .2
1 8 .4
4 3 .4
- 2 3 .9
3 1 .5
1 .0
3 0 .5
1 0 .5
1 8 .3
6 0 .4
6 1 .1
6 4 .2
-0 .7
4 3 .3
-2 9 .6
1 8 .3
1 .1
1 7 .2
1 4 .4
3 4 .1
6 6 .7
6 4 .7
7 8 .9
2 .0
2 6 .5
-4 6 .4
2 0 .3
2 .7
1 7 .6
1 9 .7
1 5 .5
5 5 .5
5 5 .6
6 5 .8
- 0 .2
2 6 .5
- 3 5 .3
6 6 1 .2
3 0 8 .1
1 5 .7
9 4 0 .4
6 9 0 .1
785.
8 2 2 .4 1 ,0 0 8 .3
3 2 2 .1 3 9 8 .1
417.
5 8 4 .9
1 6 .8
2 0 .7
22.
2 1 .6
1 ,0 6 7 .9 1 ,0 0 4 .3 1 ,2 5 2 .4 1 ,3 1 3 .1
1 0 6 .5
5 1 .5
3 .0
1 0 0 .0
9 8 .0
4 4 .7
2 .6
1 0 0 .0
6 5 .8
3 1 .3
1 .6
1 0 0 .0
7 0 .3
3 2 .8
1 .7
1 0 0 .0
6 4 .6
3 0 .2
1 .6
1 0 0 .0
7 8 .2
3 9 .6
2 .1
1 0 0 .0
6 5 .7
3 3 .3
1 .8
1 0 0 .0
7 6 .8
4 4 .5
1 .6
1 0 0 .0
8 9 0 .1
8 9 0 .1
0 .0
7 6 1 .3
1 2 8 .8
7 9 6 .5
1 3 6 .7
3 4 .8
1 0 1 .9
4 .8
0 .0
0 .0
1 ,5 9 1 .4
1 ,5 9 1 .4
0 .0
1 ,3 2 9 .9
2 6 1 .5
1 ,3 7 5 .3
2 6 6 .8
5 5 .2
2 1 1 .6
7 .8
1 4 .4
0 .0
1 0 0 .0
9 8 .9
1 .1
1 1 8 .9
-1 8 .9
1 2 5 .0
-1 6 .3
1 2 .5
-2 8 .8
0 .6
0 .0
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 7 .3
2 .7
1 0 2 .1
- 0 .4
9 .0
- 9 .4
0 .6
0 .0
0 .0
1 0 0 .0
9 9 .0
1 .0
9 9 .5
0 .5
1 0 4 .7
0 .0
5 .4
-5 .4
0 .5
0 .0
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 5 .5
1 4 .5
8 9 .5
1 5 .4
3 .9
1 1 .4
0 .5
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 3 .6
1 6 .4
8 6 .4
1 6 .8
3 .5
1 3 .3
0 .5
0 .9
1 0 0 .0
1 0 0 .0
0 .0
9 6 .0
4 .0
9 9 .4
0 .7
4 .6
-3 .9
0 .5
0 .0
1 0 0 .0
8 2 .1
1 7 .9
8 6 .9
1 3 .1
9 4 .0
1 0 .6
5 .0
5 .6
0 .2
0 .6
1 0 0 .0
1 0 0 .0
0 .0
8 1 .6
1 8 .4
8 5 .5
1 6 .7
4 .8
1 1 .9
0 .6
0 .9
1 ,2 9 4 .5 1 ,1 2 8 .8
1 ,2 9 4 .5 9 2 7 .1
0 .0
2 0 1 .7
1 ,2 4 2 .9 9 8 0 .4
5 1 .6
1 4 8 .4
1 ,2 8 6 .8 1 ,0 6 0 .6
9 .4
1 1 9 .1
60.
5 6 .3
-5 0 .6
6 2 .8
6 .1
2 .5
0 .0
6 .4
0 .0
0 .0
1 ,8 0 3 .2
1 ,8 0 3 .2
0 .0
1 ,4 7 1 .6
3 3 1 .6
1 ,5 4 0 .9
3 0 0 .8
8 6 .6
2 1 4 .2
1 0 .9
16.
6 .4
59
M ir z a S u g a r M ills L td .
Ite m s
A .C a p ita l S tr u c t u r e :
S u r p lu s
D e b e n tu re s
B .L iq u id ity :
L iq u i d A s s e t s :
(i)C a s h
In v e n to rie s
C o n t r a c t u a l L ia b il it ie s
G r o s s s a le s
2002
2003
2004
141.
-5 7 9 .4
-4 3 8 .4
0 .0
0 .0
6 4 7 .4
6 4 7 .4
209.
141.
-6 6 3 .4
-5 2 2 .4
0 .0
0 .0
6 5 3 .9
6 5 3 .9
1 3 1 .5
141.
-7 9 0 .3
-6 4 9 .3
0 .0
0 .0
5 7 3 .1
5 7 3 .1
-7 6 .2
13.
13.
0 .0
3 3 .5
0 .0
4 6 .5
2 4 8 .9
8 9 6 .3
-2 0 2 .4
7 3 9 .2
-2 3 5 .9
(M il lio n R u p e e s )
2005
2006
2007
2008
2009
2002
2003
2004
2005
2006
2007
2008
2009
141.
-9 3 7 .6
-7 9 6 .6
0 .0
0 .0
2 2 0 .2
2 2 0 .2
-5 7 6 .4
141.
-7 7 7 .2
-6 3 6 .2
0 .0
0 .0
1 4 3 .8
1 4 3 .8
-4 9 2 .4
3 0 .8
-1 2 6 .5
-9 5 .7
0 .0
0 .0
1 4 1 .4
1 4 1 .4
4 5 .6
3 4 .2
-1 6 0 .8
-1 2 6 .6
0 .0
0 .0
1 5 8 .5
1 5 8 .5
3 1 .9
3 4 .6
-1 9 4 .1
-1 5 9 .5
0 .0
0 .0
1 4 0 .7
1 4 0 .7
-1 8 .7
3 0 .9
-1 6 4 .4
-1 3 3 .5
0 .0
0 .0
9 3 .1
9 3 .1
-4 0 .4
4 5 .8
-2 9 9 .8
-2 5 4 .0
0 .0
0 .0
1 1 6 .3
1 1 6 .3
-1 3 7 .7
4 8 .3
-3 3 2 .6
-2 8 4 .3
0 .0
0 .0
1 0 9 .4
1 0 9 .4
-1 7 5 .0
4 5 .7
-3 0 3 .6
-2 5 8 .0
0 .0
0 .0
7 1 .3
7 1 .3
-1 8 6 .7
4 4 .6
-2 4 5 .8
-2 0 1 .2
0 .0
0 .0
4 5 .5
4 5 .5
-1 5 5 .7
1.
2 .5
2 .9
1 .3
1 .7
1 .3
1.
2 .5
2 .9
1 .3
1 .7
1 .3
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
4 6 .6
3 6 .1
4 0 .3
42.
4 3 .7
4 1 .5
1 2 .2
4 8 .3
1 2 2 .8
1 .6
7 .2
4 4 .9
5 9 .8
8 6 .9
166.
4 4 .9
5 2 .6
8 7 .7
2 8 1 .2
4 8 3 .5
6 4 0 .1
7 3 1 .4
8 0 2 .6
8 8 5 .1
9 3 5 .1 1 ,0 5 6 .6 1 ,0 6 4 .8 1 ,0 8 9 .3 1 ,1 2 1 .9 1 ,1 0 5 .3
-2 2 1 .4 -3 9 6 .6 -4 7 4 .1 -6 8 6 .5
-7 5 0 . -7 9 7 .4
7 0 9 .6
6 8 0 .2
7 0 8 .2
7 3 1 .6
4 0 0 .5
7 4 0 .7
-2 8 0 .2
-4 8 1 . -6 3 7 .2 -7 3 0 .1 -8 0 0 .9 -8 8 3 .8
2 .5
2 .5
0 .0
3 3 .7
6 5 .6
1 0 1 .8
8 0 8 .5
9 5 2 .3
-7 0 6 .7
4 3 5 .2
-8 0 6 .
2 .8
2 .8
0 .0
7 .3
0 .0
1 0 .2
5 4 .4
1 9 5 .7
-4 4 .2
1 6 1 .4
-5 1 .5
0 .2
0 .2
0 .0
1 1 .3
3 .0
1 4 .5
6 8 .2
2 2 6 .6
-5 3 .7
1 7 2 .0
-6 7 .9
0 .6
0 .6
0 .0
8 .9
1 1 .9
2 1 .3
1 1 8 .7
2 5 9 .5
-9 7 .4
1 6 7 .0
-1 1 8 .1
0 .6
0 .6
0 .0
8 .8
2 6 .9
3 6 .4
1 4 0 .4
2 3 3 .5
-1 0 4 .0
1 5 5 .3
-1 3 9 .7
0 .4
0 .4
0 .0
1 3 .6
0 .5
1 4 .6
2 3 7 .7
3 5 4 .0
-2 2 3 .1
2 3 7 .8
-2 3 7 .3
0 .6
0 .6
0 .0
1 5 .0
2 .5
1 8 .0
2 7 5 .0
3 8 4 .3
-2 5 6 .9
1 3 7 .2
-2 7 4 .4
0 .4
0 .4
0 .0
1 3 .4
1 4 .5
2 8 .4
2 8 6 .6
3 5 7 .9
-2 5 8 .2
2 3 9 .9
-2 8 6 .2
0 .8
0 .8
0 .0
1 0 .7
2 0 .7
3 2 .2
2 5 5 .7
3 0 1 .2
-2 2 3 .5
1 3 7 .6
-2 5 4 .9
7 2 5 .4
6 8 9 .2
6 8 9 .4
u l4a 1t e1 d. 4 d e p 3r e5 c2 ia. 8t io n 3 2 0 . 3
4 5 .2
4 0 .7
3 3 .6
4 5 7 .9
4 1 2 .6
4 0 7 .2
3 8 5 .4
3 8 5 .4
0 .0
4 2 1 .9
-3 6 .5
4 4 6 .2
-4 2 .4
5 9 .8
-1 0 2 .2
1 .7
0 .0
4 9 3 .6
4 9 3 .6
0 .0
4 9 9 .5
-5 .9
5 2 7 .7
-3 0 .1
5 4 .2
-8 4 .3
2 .2
0 .0
3 8 9 .5
3 8 9 .5
0 .0
435.
-4 5 .5
4 6 3 .2
-7 3 .2
52.
-1 2 5 .2
1 .7
0 .0
141.
-7 4 9 .8
-6 0 8 .8
0 .0
0 .0
4 2 4 .7
4 2 4 .7
-1 8 4 .1
141.
-9 2 2 .5
-7 8 1 .5
0 .0
0 .0
3 5 7 .9
3 5 7 .9
-4 2 3 .6
141.
-9 7 1 .
-8 3 0 .
0 .0
0 .0
3 1 9 .3
3 1 9 .3
-5 1 0 .7
6 8 8 .1
290.
3 0 .4
456.
6 8 8 .2
2 6 2 .8
2 7 .4
3 0 7 .7
6 7 3 .5
2 3 9 .3
2 6 .9
2 9 1 .9
6 9 4 .2
2 2 1 .1
2 2 .9
3 0 8 .8
708.
2 1 4 .4
2 1 .6
3 1 6 .2
1 5 8 .4
8 9 .8
9 .9
1 0 0 .0
1 6 7 .0
8 5 .5
9 .9
1 0 0 .0
1 6 9 .3
7 8 .7
8 .3
1 0 0 .0
1 5 0 .9
6 3 .6
6 .7
1 0 0 .0
2 2 3 .7
8 5 .4
8 .9
1 0 0 .0
2 3 0 .7
8 2 .0
9 .2
1 0 0 .0
2 2 4 .8
7 1 .6
7 .4
1 0 0 .0
2 2 3 .9
6 7 .8
6 .8
1 0 0 .0
2 2 7 .4
2 2 7 .4
0 .0
2 7 7 .4
-5 0 .
3 0 3 .3
-7 5 .8
36.
-1 1 1 .8
1.
0 .0
6 4 1 .3
6 4 1 .3
0 .0
6 0 5 .1
3 6 .2
6 3 0 .4
11.
2 8 .8
-1 7 .8
2 .8
0 .0
5 5 8 .9
5 5 8 .9
0 .0
5 6 2 .8
-3 .9
5 9 0 .1
-2 3 .5
2 1 .2
-4 4 .7
2 .5
0 .0
7 3 2 .3
7 3 2 .3
0 .0
7 0 6 .2
2 6 .1
7 4 3 .9
5 0 .9
1 7 .5
3 3 .4
0 .0
0 .0
6 4 9 .5
6 4 9 .5
0 .0
5 5 6 .2
9 3 .3
6 1 5 .9
1 7 3 .7
6 .8
1 6 6 .9
3 .3
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 0 9 .5
-9 .5
1 1 5 .8
-1 1 .0
1 5 .5
-2 6 .5
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 0 1 .2
-1 .2
1 0 6 .9
-6 .1
1 1 .0
-1 7 .1
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 1 1 .7
-1 1 .7
1 1 8 .9
-1 8 .8
1 3 .4
-3 2 .1
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 2 2 .0
-2 2 .0
1 3 3 .4
-3 3 .3
1 5 .8
-4 9 .2
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 4 .4
5 .6
9 8 .3
1 .7
4 .5
-2 .8
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 0 0 .7
-0 .7
1 0 5 .6
-4 .2
3 .8
-8 .0
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 6 .5
3 .6
1 0 1 .6
7 .0
2 .4
4 .6
0 .0
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 5 .6
1 4 .4
9 4 .8
2 6 .7
1 .0
2 5 .7
0 .5
0 .0
60
N o o n S u g a r M ills L td .
It e m s
2002
2003
2004
5 1 .7
5 1 .7
5 1 .7
S u rp lu s
532.
5 8 5 . 6 0 7 .7
5 8 3 .7 6 3 6 .7 6 5 9 .4
0 .0
0 .0
0 .0
D e b e n tu re s
0 .0
0 .0
0 .0
4 .7
1 9 .3
1 7 .4
1 9 .3
1 7 .4
T o ta l C a p it a l E m p lo y e d (A 3 + A 7 ) 5 8 8 .4
6 5 6 . 6 7 6 .8
B .L iq u id it y :
4 9 .5
6 5 .1
157.
(i) C a s h
4 9 .5
4 7 .3
137.
0 .0
1 7 .8
20.
2 0 8 .8
8 9 .8
1 3 0 .2
In v e n to r ie s
0 .0
1 7 5 .6
9 9 .6
2 5 8 .3 3 3 0 .5 3 8 6 .8
1 2 6 . 1 2 1 .9 1 7 7 .1
1 3 0 .7 1 4 1 .2 1 9 4 .5
1 3 2 .3 2 0 8 .6 2 0 9 .7
2 7 .3
3 8 .9
3 6 .6
-7 6 .5
- 5 6 .8
-2 0 .1
8 5 9 .4 8 9 5 .1
957.
F i x e d a s s e t s a f t e r d e d u c t i n g a c c u m4 5u 6l a. 1t e d 4d 4e 7p .r4e c i a 4t i 6o 7n .
3 8 .5
5 0 .2
4 8 .7
7 1 4 .4 7 7 7 .9 8 5 3 .8
G ro s s s a le s
1 ,0 4 3 .9 1 ,0 9 6 .6 1 ,2 2 3 .4
8 3 1 .5 9 5 4 .4 9 1 4 .4
2 1 2 .4 1 4 2 .2
309.
8 1 1 .2 9 1 0 .4 1 ,0 0 3 .8
G ro s s p ro fit
2 3 2 .7 1 8 6 .2 2 1 9 .6
9 0 4 .2 9 9 2 .9 1 ,1 0 2 .6
1 4 7 .4 1 1 2 .2 1 3 0 .2
1 4 .9
5 .1
4 .9
N e t p r o f it b e f o re ta x ( D 5 - D 6 )
1 3 2 .5 1 0 7 .1 1 2 5 .3
2 0 .2
31.
21.
31.
31.
0 .0
2005
2006
2007
1 1 3 .8
9 2 1 .5
1 ,0 3 5 .3
0 .0
0 .0
1 3 .3
1 3 .3
1 ,0 4 8 .6
3 6 5 .5
2 3 7 .7
1 2 7 .8
1 3 2 .2
87.
5 8 4 .7
2 6 9 .8
2 8 3 .1
3 1 4 .9
3 2 .9
9 5 .7
1 1 3 .8
8 7 8 .7
9 9 2 .5
0 .0
0 .0
4 3 1 .1
4 3 1 .1
1 ,4 2 3 .6
2008
1 3 6 .5 1 5 0 .2
8 4 2 .3 7 5 7 .8
9 7 8 .8
908.
0 .0
0 .0
0 .0
0 .0
3 6 1 .2 2 6 6 .9
3 6 1 .2 2 6 6 .9
1 ,3 4 0 . 1 ,1 7 4 .9
2009
2002
2003
2004
2005
2006
2007
2008
2009
1 5 0 .2
8 1 5 .2
9 6 5 .4
0 .0
0 .0
1 3 2 .9
1 3 2 .9
1 ,0 9 8 .3
7 .2
7 4 .5
8 1 .7
0 .0
0 .0
0 .7
0 .7
8 2 .4
6 .6
7 5 .2
8 1 .8
0 .0
0 .0
2 .5
2 .5
8 4 .3
6 .1
7 1 .2
7 7 .2
0 .0
0 .0
2 .0
2 .0
7 9 .3
8 .6
6 9 .9
7 8 .5
0 .0
0 .0
1 .0
1 .0
7 9 .5
6 .1
4 6 .8
5 2 .9
0 .0
0 .0
2 3 .0
2 3 .0
7 5 .8
6 .3
3 8 .9
4 5 .2
0 .0
0 .0
1 6 .7
1 6 .7
6 1 .9
7 .8
3 9 .2
4 6 .9
0 .0
0 .0
1 3 .8
1 3 .8
6 0 .7
9 .4
5 1 .0
6 0 .4
0 .0
0 .0
8 .3
8 .3
6 8 .7
1 0 6 .3
9 6 .1
1 8 .2
1 4 .9
8 8 .1
8 1 .2
1 1 1 .6 1 3 4 .9
3 7 4 .6 4 7 1 .1
5 9 2 .5 7 0 2 .1
4 5 3 .4 8 2 3 .7
8 8 4 .5 1 ,1 8 4 .9
1 3 9 .1 -1 2 1 .6
7 1 4 .5 1 ,0 0 6 .6
-3 4 7 .1 -7 2 7 .6
1 2 1 .6
1 6 .3
1 0 5 .3
1 4 4 .9
3 1 8 .1
5 8 4 .6
7 5 9 .4
1 ,0 2 6 .3
-1 7 4 .8
8 2 1 .8
-6 3 7 .8
6 4 .9
9 .8
5 5 .1
1 7 5 .2
1 3 3 .2
3 7 3 .3
5 0 0 .6
6 3 3 .5
-1 2 7 .3
5 2 0 .6
-4 3 5 .7
6 .9
6 .9
0 .0
2 9 .2
0 .0
3 6 .2
1 7 .6
1 8 .3
1 8 .5
3 .8
- 1 0 .7
8 .4
6 .1
2 .3
1 1 .5
2 2 .6
4 2 .5
1 5 .7
1 8 .2
2 6 .8
5 .0
-7 .3
1 8 .4
1 6 .0
2 .3
1 5 .2
1 1 .7
4 5 .3
2 0 .7
2 2 .8
2 4 .6
4 .3
-2 .4
2 7 .7
1 8 .0
9 .7
1 0 .0
6 .6
4 4 .3
2 0 .5
2 1 .5
2 3 .9
2 .5
7 .3
5 .7
1 .0
4 .7
5 .9
2 0 .0
3 1 .6
2 4 .2
4 7 .1
7 .4
3 8 .1
-1 8 .5
4 .4
0 .7
3 .8
6 .2
2 1 .8
3 2 .5
3 8 .1
5 4 .8
-5 .6
4 6 .5
-3 3 .6
6 .3
0 .8
5 .4
7 .5
1 6 .4
3 0 .2
3 9 .3
5 3 .1
-9 .0
4 2 .5
-3 3 .0
4 .1
0 .6
3 .4
1 1 .0
8 .3
2 3 .3
3 1 .3
3 9 .6
- 8 .0
3 2 .6
-2 7 .3
1 ,2 7 0 .6 1 ,8 7 3 .1 2 ,0 9 2 .4
7 3 3 .7 1 ,2 8 4 .5 1 ,4 6 1 .5
5 1 .7
5 3 .2
5 2 .9
1 ,3 1 8 .4 1 ,8 7 7 . 2 ,1 6 3 .6
2 ,1 1 8 .9
1 ,3 4 9 .8
1 4 3 .3
1 ,9 3 4 .4
2 ,1 2 7 .
1 ,2 2 5 .5
1 3 8 .8
1 ,5 9 8 .8
1 2 0 .3
6 3 .8
5 .4
1 0 0 .0
1 1 5 .1
5 7 .5
6 .5
1 0 0 .0
1 1 2 .1
5 4 .7
5 .7
1 0 0 .0
9 6 .4
5 5 .7
3 .9
1 0 0 .0
9 9 .8
6 8 .4
2 .8
1 0 0 .0
9 6 .7
6 7 .5
2 .4
1 0 0 .0
1 0 9 .5
6 9 .8
7 .4
1 0 0 .0
1 3 3 .0
7 6 .7
8 .7
1 0 0 .0
1 ,2 1 0 .2
9 4 6 .5
2 6 3 .7
9 7 6 .7
2 3 3 .5
1 ,0 6 9 .3
1 5 6 .6
3 .2
1 5 3 .4
39.
2 5 .9
2 ,0 1 1 .7
1 ,4 7 2 .8
5 3 8 .9
1 ,7 8 0 .4
2 3 1 .3
1 ,8 9 7 .5
1 4 1 .5
1 8 4 .3
-4 2 .8
5 .4
0 .0
1 ,7 1 3 .4
1 ,5 1 4 .3
1 9 9 .1
1 ,4 4 3 .2
2 7 0 .2
1 ,5 4 5 .5
1 9 2 .6
1 2 6 .5
6 6 .1
9 .6
15.
1 0 0 .0
7 9 .7
2 0 .3
7 7 .7
2 2 .3
8 6 .6
1 4 .1
1 .4
1 2 .7
1 .9
3 .0
1 0 0 .0
8 7 .0
1 3 .0
8 3 .0
1 7 .0
9 0 .5
1 0 .2
0 .5
9 .8
2 .8
2 .8
1 0 0 .0
7 4 .7
2 5 .3
8 2 .1
1 7 .9
9 0 .1
1 0 .6
0 .4
1 0 .2
1 .7
0 .0
1 0 0 .0
7 8 .2
1 7 .3
6 3 .9
1 5 .3
7 0 .0
1 0 .3
0 .2
1 0 .0
2 .6
1 .7
1 0 0 .0
7 8 .8
1 3 .7
5 9 .9
4 .7
6 4 .9
6 .9
1 .7
5 .2
0 .3
0 .0
1 0 0 .0
7 9 .0
1 3 .0
5 8 .5
3 .6
6 2 .8
-0 .5
2 .6
-3 .1
0 .3
0 .0
1 0 0 .0
7 3 .2
2 3 .1
7 6 .3
9 .9
8 1 .3
6 .1
7 .9
-1 .8
0 .2
0 .0
1 0 0 .0
8 8 .4
9 .1
6 5 .9
1 2 .3
7 0 .6
8 .8
5 .8
3 .0
0 .4
0 .7
1 ,0 0 1 .1
7 8 8 .5
2 1 2 .6
928.
7 3 .1
1 ,0 0 6 .7
1 0 6 .9
26.
8 0 .9
4 .5
0 .0
1 ,2 1 9 .6
9 6 3 .6
256.
1 ,1 4 9 .3
7 0 .3
1 ,2 3 5 .4
-9 .5
5 1 .5
-6 1 .
5 .5
0 .0
61
P a n g r io S u g a r M ills L td .
Ite m s
2002
O rd in a r y S h a re C a p ita l
1 0 8 .5
S u r p lu s
-5 0 2 .5
-3 9 4 .
0 .0
D e b e n tu re s
77.
0 .0
T o ta l F ix e d L ia b ilitie s ( A 4 + A 5 + A 6 ) 7 7 .
T o ta l C a p it a l E m p lo y e d ( A 3 + A 7 ) - 3 1 7 .
B .L iq u id ity :
1 .7
( i)C a s h
1 .7
0 .0
3 8 .3
In v e n to r ie s
0 .0
40.
6 0 7 .2
6 8 4 .2
-5 6 7 .2
3 0 0 .7
-6 0 5 .5
5 2 2 .8
F i x e d a s s e t s a f t e r d e d u c t i n g a c c u m2 u5 l0a.t3e d
2 8 .1
T o ta l a s s e ts ( B 4 + C 2 )
2 9 0 .3
G ro s s s a le s
3 9 9 .6
3 9 9 .6
( ii)E x p o rt s a le s
0 .0
4 3 2 .8
G ro s s p r o f it
-3 3 .2
450.
-5 0 .4
2 8 .8
N e t p r o f it b e f o re t a x ( D 5 - D 6 )
-7 9 .2
1 .8
0 .0
2005
2006
2007
2003
2004
1 0 8 .5
-5 6 4 .2
-4 5 5 .7
0 .0
0 .0
2 7 .7
2 7 .7
-4 2 8 .
1 0 8 .5
-6 4 8 .6
-5 4 0 .1
0 .0
0 .0
0 .0
0 .0
-5 4 0 .1
1 0 8 .5
-7 6 2 .4
-6 5 3 .9
0 .0
0 .0
8 7 .7
8 7 .7
-5 6 6 .2
.9
.9
0 .0
33.
4 7 .1
81.
7 3 4 .9
7 6 2 .6
-6 5 3 .9
2 9 3 .4
-7 3 4 .
3 .1
2 .1
.9
3 .1
2 .1
.9
0 .0
0 .0
0 .0
2 8 .7
2 9 .7
3 6 .9
5 8 .8
1 7 4 .2
0 .0
9 0 .6
206.
3 7 .8
8 4 7 .5 9 1 8 .3 7 8 1 .2
8 4 7 .5 1 ,0 9 6 .3 8 6 8 .9
-7 5 6 .9 -7 1 2 .3 -7 4 3 .4
5 0 .3
2 4 4 .2 2 5 0 .4
-8 4 4 .4 -9 1 6 .2 -7 8 0 .3
1 0 8 .5
-8 0 2 .9
-6 9 4 .4
0 .0
0 .0
178.
178.
-5 1 6 .4
2008
2009
2002
2003
2004
2005
2006
2007
2008
2009
1 0 8 .5
-7 9 5 .1
-6 8 6 .6
0 .0
0 .0
2 2 .2
2 2 .2
-6 6 4 .4
1 0 8 .5
-8 0 0 .4
-6 9 1 .9
0 .0
0 .0
0 .0
0 .0
-6 9 1 .9
1 0 8 .5
- 6 8 8 .9
- 5 8 0 .4
0 .0
0 .0
22.
22.
- 5 5 8 .4
3 7 .4
- 1 7 3 .1
- 1 3 5 .7
0 .0
2 6 .5
0 .0
2 6 .5
- 1 0 9 .2
3 5 .4
-1 8 3 .9
-1 4 8 .5
0 .0
0 .0
9 .0
9 .0
-1 3 9 .5
3 5 .3
-2 1 1 .0
-1 7 5 .7
0 .0
0 .0
0 .0
0 .0
-1 7 5 .7
2 7 .0
-1 9 9 .7
-1 7 2 .7
0 .0
0 .0
4 4 .3
4 4 .3
-1 2 8 .5
5 0 .5
- 3 5 4 .6
- 3 0 4 .1
0 .0
0 .0
4 0 .8
4 0 .8
- 2 6 3 .3
4 9 .8
-3 6 5 .2
-3 1 5 .4
0 .0
0 .0
1 0 .2
1 0 .2
-3 0 5 .2
4 3 .1
-3 1 7 .6
-2 7 4 .6
0 .0
0 .0
0 .0
0 .0
-2 7 4 .6
4 6 .3
-2 9 3 .8
-2 4 7 .5
0 .0
0 .0
9 .4
9 .4
-2 3 8 .1
.7
.7
0 .0
4 3 .3
1 3 .4
5 7 .4
882.
9 0 4 .2
-8 2 4 .6
1 1 0 .4
-8 8 1 .3
2.
2.
0 .0
4 6 .2
5 3 .3
1 0 1 .5
9 4 3 .9
9 4 3 .9
-8 4 2 .4
2 2 .6
-9 4 1 .9
1 .4
1 .4
0 .0
3 9 .1
1 2 2 .2
1 6 2 .7
793.
815.
- 6 3 0 .3
182.
- 7 9 1 .6
0 .6
0 .6
0 .0
1 3 .2
0 .0
1 3 .8
2 0 9 .2
2 3 5 .7
- 1 9 5 .4
1 0 3 .6
- 2 0 8 .6
0 .3
0 .3
0 .0
1 0 .8
1 5 .4
2 6 .4
2 3 9 .5
2 4 8 .6
-2 1 3 .1
9 5 .6
-2 3 9 .2
1 .0
1 .0
0 .0
9 .3
1 9 .1
2 9 .5
2 7 5 .7
2 7 5 .7
-2 4 6 .2
1 6 .4
-2 7 4 .7
0 .5
0 .5
0 .0
7 .4
4 3 .3
5 1 .2
2 2 8 .4
2 7 2 .7
-1 7 7 .2
6 0 .7
-2 2 7 .9
0 .4
0 .4
0 .0
1 7 .2
0 .0
1 7 .6
3 6 3 .3
4 0 4 .1
- 3 4 5 .8
1 1 6 .5
- 3 6 2 .9
0 .3
0 .3
0 .0
1 9 .9
6 .2
2 6 .4
4 0 5 .1
4 1 5 .3
-3 7 8 .8
5 0 .7
-4 0 4 .8
0 .8
0 .8
0 .0
1 8 .3
2 1 .2
4 0 .3
3 7 4 .6
3 7 4 .6
-3 3 4 .3
9 .0
-3 7 3 .8
0 .6
0 .6
0 .0
1 6 .7
5 2 .1
6 9 .4
3 3 8 .2
3 4 7 .5
-2 6 8 .8
7 7 .6
-3 3 7 .6
522.
0 .0
d2 e2 p5 r. e8 c i a 2t i 1o 6n . 8
2 4 .3
0 .0
3 0 6 .8 3 0 7 .4
5 3 1 .2
196.
21.
402.
5 3 1 .2
1 7 7 .2
1 8 .9
215.
5 3 1 .2
1 6 0 .3
1 6 .9
2 1 7 .7
537.
1 5 0 .5
1 6 .3
252.
5 5 0 .8
7 1 .8
7 .9
2 3 4 .5
1 8 0 .1
8 6 .2
9 .7
1 0 0 .0
1 7 0 .1
7 3 .6
7 .9
1 0 0 .0
0 .0
7 0 .5
0 .0
1 0 0 .0
1 3 2 .1
4 8 .8
5 .2
1 0 0 .0
2 4 7 .1
8 2 .4
8 .8
1 0 0 .0
2 4 4 .0
7 3 .6
7 .8
1 0 0 .0
2 1 3 .1
5 9 .7
6 .5
1 0 0 .0
2 3 4 .9
3 0 .6
3 .4
1 0 0 .0
4 3 4 .5
4 3 4 .5
0 .0
4 4 3 .1
-8 .6
4 6 2 .9
-2 8 .2
2 2 .3
-5 0 .5
1 .9
0 .0
2 3 0 .1
2 3 0 .1
0 .0
3 2 0 .1
-9 0 .
3 3 3 .8
-7 6 .
3 .6
-7 9 .6
1.
0 .0
7 7 3 .8
7 7 3 .8
0 .0
7 3 8 .9
3 4 .9
7 5 5 .6
1 8 .2
5 .4
1 2 .8
3 .5
0 .0
557.
557.
0 .0
576.
-1 9 .
5 9 3 .4
-2 9 .2
1.
-3 0 .2
2 .5
0 .0
7 3 1 .4
7 3 1 .4
0 .0
7 2 6 .1
5 .3
7 4 5 .8
-4 .
1 .3
-5 .3
0 .0
0 .0
392.
392.
0 .0
3 4 9 .8
4 2 .2
3 7 1 .8
1 9 2 .2
3.
1 8 9 .2
2.
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 0 8 .3
-8 .3
1 1 2 .6
-1 2 .6
7 .2
-1 9 .8
0 .5
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 0 2 .0
-2 .0
1 0 6 .5
-6 .5
5 .1
- 1 1 .6
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 0 8 .8
-8 .8
1 1 2 .4
-1 2 .1
3 .1
-1 5 .2
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 3 9 .1
-3 9 .1
1 4 5 .1
-3 3 .0
1 .6
-3 4 .6
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 5 .5
4 .5
9 7 .6
2 .4
0 .7
1 .7
0 .5
0 .0
1 0 0 .0
1 0 0 .0
0 .0
1 0 3 .4
-3 .4
1 0 6 .5
-5 .2
0 .2
-5 .4
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
9 9 .3
0 .7
1 0 2 .0
-0 .5
0 .2
-0 .7
0 .0
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 9 .2
1 0 .8
9 4 .8
4 9 .0
0 .8
4 8 .3
0 .5
0 .0
4 8 1 .4
4 8 1 .4
0 .0
5 2 3 .6
-4 2 .2
5 4 0 .9
-5 8 .1
1 4 .9
-7 3 .
2 .1
0 .0
62
S a k ra n d S u g a r M ills L td .
Ite m s
2002
2003
2004
2005
2006
2007
2008
2009
2002
2 2 3 .1 2 2 3 .1
2 2 3 .1 2 2 3 .1
2 2 3 .1
2 2 3 .1 2 2 3 .1
2 2 3 .1
2 2 .3 4
S u r p lu s
-2 6 2 .6 -3 4 2 .5 -3 4 2 .5 -4 2 7 .2 - 4 0 8 .4 - 5 3 0 .5 - 5 4 2 .7 9 -5 8 6 .9 8 -2 6 .3 0
-3 9 .5 -1 1 9 .4 -1 1 9 .4 -2 0 4 .1 - 1 8 5 .3 - 3 0 7 .4 - 3 1 9 .6 9 -3 6 3 .8 8
-3 .9 6
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0 0
D e b e n tu re s
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0 0
6 8 4 .2 6 8 1 .6
6 8 1 .6
257.
4 7 9 .9
3 8 0 .9 2 5 5 .2 7 1 7 4 .9 6
6 8 .5 2
T o ta l F ix e d L ia b ilitie s (A 4 + A 5 + A 6 ) 6 8 4 .2 6 8 1 .6
6 8 1 .6
257.
4 7 9 .9
3 8 0 .9 2 5 5 .2 7 1 7 4 .9 6
6 8 .5 2
6 4 4 .7 5 6 2 .2
5 6 2 .2
5 2 .9
2 9 4 .6
7 3 .5
-6 4 .4 2 -1 8 8 .9 2 6 4 .5 7
B .L iq u id it y :
0 .0 0
7 .6
3 7 .7
3 7 .7
1 2 .1
4 5 .3
2 7 .5
2 8 .2 2
2 6 .9 4
0 .7 6
( i)C a s h
7 .6
3 7 .7
3 7 .7
1 2 .1
4 5 .3
2 7 .5
2 8 .2 2
2 6 .9 4
0 .7 6
( ii) In v e s tm e n ts
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0 0
1 6 9 .4
6 2 .3
6 2 .3
6 8 .4
7 9 .2
8 3 .6
8 9 .0 1
9 4 .9 6
1 6 .9 7
In v e n to r ie s
0 .0
3 0 .6
3 0 .6
2 9 .8
7 5 .4
6 0 .7
7 6 .9 2
8 7 .4 2
0 .0 0
177.
1 3 0 .6
1 3 0 .6 1 1 0 .3
1 9 9 .9
1 7 1 .8 1 9 4 .1 5 2 0 9 .3 2
1 7 .7 3
3 5 3 .8 3 4 8 .8
3 4 8 .8 7 6 4 .6
5 8 1 .8
7 4 3 .4 8 6 4 .1 4 9 6 6 .3 6
3 5 .4 3
1 ,0 3 8 . 1 ,0 3 0 .4 1 ,0 3 0 . 4 1 ,0 2 1 .6 1 ,0 6 1 .7 1 ,1 2 4 .3 1 ,1 1 9 .4 11 ,1 4 1 .3 2 1 0 3 .9 6
-1 7 6 .8 -2 1 8 .2 -2 1 8 .2 -6 5 4 .3 - 3 8 1 .9 - 5 7 1 .6 - 6 6 9 .9 9 -7 5 7 .0 4 -1 7 .7 1
7 6 9 .9 7 9 2 .8
7 9 2 .8 4 3 7 .5
7 3 9 .5
6 8 4 .8 6 0 8 .6 9 5 8 1 .7 6
7 7 .1 1
-3 4 6 .2 -3 1 1 .1 -3 1 1 .1 -7 5 2 .5 - 5 3 6 .5 - 7 1 5 .9 - 8 3 5 .9 2 -9 3 9 .4 2 -3 4 .6 7
0 .0 0
1 ,1 7 9 .8 1 ,1 8 0 . 1 ,1 8 0 . 1 ,1 8 5 .6 1 ,1 8 7 .3 1 ,1 9 0 .5 1 ,1 9 3 .1 7 1 ,1 9 6 . 1 1 8 .1 6
F i x e d a s s e t s a f t e r d e d u c t i n g a c c u m u8 l2a1t e. 5d d e7p8r 0e .c2i a t i o7n8 0 . 2 7 0 7 . 3
6 7 6 .5
6 4 5 . 6 0 5 .6 1 5 6 8 .2
8 2 .2 7
4 4 .4
4 2 .1
4 2 .1
3 8 .5
3 6 .9
3 5 .6
3 3 .5 8
3 1 .7 6
4 .4 5
T o ta l a s s e ts ( B 4 + C 2 )
9 9 8 .5 9 1 0 .8
9 1 0 .8 8 1 7 .6
8 7 6 .4
8 1 6 .8 7 9 9 .7 6 7 7 7 .5 2 1 0 0 .0 0
0 .0 0
G ro s s s a le s
5 2 8 .1
869.
869.
5 9 4 .9
9 8 1 .5 1 ,1 4 4 .5 1 ,0 9 0 .8 31 ,1 5 7 .1 8 5 2 .8 9
5 2 8 .1
869.
869.
5 9 4 .9
9 8 1 .5 1 ,1 4 4 .5 1 ,0 9 0 .8 31 ,1 5 7 .1 8 5 2 .8 9
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0 0
5 6 6 .6 8 5 2 .1
8 5 2 .1 5 6 7 .5
8 6 6 .2 1 ,1 8 2 .2 1 ,0 6 6 .3 11 ,1 3 3 .7 4 5 6 .7 5
G ro s s p ro f it
-3 8 .5
1 6 .9
1 6 .9
2 7 .4
1 1 5 .3
-3 7 .7
2 4 .5 2
2 3 .4 4
-3 .8 6
6 0 0 .1 8 8 1 .7
8 8 1 .7 5 9 7 .8
9 0 0 .5 1 ,2 2 3 .1 1 ,1 0 7 .4 4 1 ,1 7 7 .6 6 0 .1 0
-2 4 .9
-1 2 .7
-1 2 .7
2 3 .6
8 2 .7
-7 7 .3
-9 .4 2
-1 2 .8
-2 .4 9
6 6 .8
6 2 .7
6 2 .7
4 1 .7
4 3 .3
40.
3 0 .6 4
2 4 .1 6
6 .6 9
N e t p r o f it b e fo re ta x (D 5 -D 6 )
-9 1 .7
-7 5 .4
-7 5 .4
- 1 8 .1
3 9 .4
- 1 1 7 .3 -4 0 .0 6 -3 6 .9 6
-9 .1 8
2 .3
3 .7
3 .7
2 .6
4 .3
5.
4 .8 2
5 .1 4
0 .2 3
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0 0
1 0 . T o t a l v a l u e o f b o n u s s h a r e s i s s u 0e .d0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0 0
2003
2004
2005
2006
2007
2008
2009
2 4 .4 9
-3 7 .6 0
-1 3 .1 1
0 .0 0
0 .0 0
7 4 .8 4
7 4 .8 4
6 1 .7 3
0 .0 0
4 .1 4
4 .1 4
0 .0 0
6 .8 4
3 .3 6
1 4 .3 4
3 8 .3 0
1 1 3 .1 3
-2 3 .9 6
8 7 .0 4
-3 4 .1 6
0 .0 0
1 2 9 .5 6
8 5 .6 6
4 .6 2
1 0 0 .0 0
0 .0 0
9 5 .4 1
9 5 .4 1
0 .0 0
9 3 .5 6
1 .8 6
9 6 .8 1
-1 .3 9
6 .8 8
-8 .2 8
0 .4 1
0 .0 0
0 .0 0
2 4 .4 9
-3 7 .6 0
-1 3 .1 1
0 .0 0
0 .0 0
7 4 .8 4
7 4 .8 4
6 1 .7 3
0 .0 0
4 .1 4
4 .1 4
0 .0 0
6 .8 4
3 .3 6
1 4 .3 4
3 8 .3 0
1 1 3 .1 3
-2 3 .9 6
8 7 .0 4
-3 4 .1 6
0 .0 0
1 2 9 .5 6
8 5 .6 6
4 .6 2
1 0 0 .0 0
0 .0 0
9 5 .4 1
9 5 .4 1
0 .0 0
9 3 .5 6
1 .8 6
9 6 .8 1
- 1 .3 9
6 .8 8
- 8 .2 8
0 .4 1
0 .0 0
0 .0 0
2 7 .2 9
- 5 2 .2 5
- 2 4 .9 6
0 .0 0
0 .0 0
3 1 .4 3
3 1 .4 3
6 .4 7
0 .0 0
1 .4 8
1 .4 8
0 .0 0
8 .3 7
3 .6 4
1 3 .4 9
9 3 .5 2
1 2 4 .9 5
- 8 0 .0 3
5 3 .5 1
- 9 2 .0 4
0 .0 0
1 4 5 .0 1
8 6 .5 1
4 .7 1
1 0 0 .0 0
0 .0 0
7 2 .7 6
7 2 .7 6
0 .0 0
6 9 .4 1
3 .3 5
7 3 .1 2
2 .8 9
5 .1 0
-2 .2 1
0 .3 2
0 .0 0
0 .0 0
2 5 .4 6
- 4 6 .6 0
- 2 1 .1 4
0 .0 0
0 .0 0
5 4 .7 6
5 4 .7 6
3 3 .6 1
0 .0 0
5 .1 7
5 .1 7
0 .0 0
9 .0 4
8 .6 0
2 2 .8 1
6 6 .3 9
1 2 1 .1 4
- 4 3 .5 8
8 4 .3 8
- 6 1 .2 2
0 .0 0
1 3 5 .4 7
7 7 .1 9
4 .2 1
1 0 0 .0 0
0 .0 0
1 1 1 .9 9
1 1 1 .9 9
0 .0 0
9 8 .8 4
1 3 .1 6
1 0 2 .7 5
9 .4 4
4 .9 4
4 .5 0
0 .4 9
0 .0 0
0 .0 0
2 7 .3 1
-6 4 .9 5
-3 7 .6 3
0 .0 0
0 .0 0
4 6 .6 3
4 6 .6 3
9 .0 0
0 .0 0
3 .3 7
3 .3 7
0 .0 0
1 0 .2 4
7 .4 3
2 1 .0 3
9 1 .0 1
1 3 7 .6 5
-6 9 .9 8
8 3 .8 4
-8 7 .6 5
0 .0 0
1 4 5 .7 5
7 8 .9 7
4 .3 6
1 0 0 .0 0
0 .0 0
1 4 0 .1 2
1 4 0 .1 2
0 .0 0
1 4 4 .7 4
-4 .6 2
1 4 9 .7 4
-9 .4 6
4 .9 0
-1 4 .3 6
0 .6 1
0 .0 0
0 .0 0
2 7 .9 0
- 6 7 .8 7
- 3 9 .9 7
0 .0 0
0 .0 0
3 1 .9 2
3 1 .9 2
-8 .0 5
0 .0 0
3 .5 3
3 .5 3
0 .0 0
1 1 .1 3
9 .6 2
2 4 .2 8
1 0 8 .0 5
1 3 9 .9 7
- 8 3 .7 7
7 6 .1 1
-1 0 4 .5 2
0 .0 0
1 4 9 .1 9
7 5 .7 2
4 .2 0
1 0 0 .0 0
0 .0 0
1 3 6 .3 9
1 3 6 .3 9
0 .0 0
1 3 3 .3 3
3 .0 7
1 3 8 .4 7
-1 .1 8
3 .8 3
-5 .0 1
0 .6 0
0 .0 0
0 .0 0
2 8 .6 9
- 7 5 .4 9
- 4 6 .8 0
0 .0 0
0 .0 0
2 2 .5 0
2 2 .5 0
- 2 4 .3 0
0 .0 0
3 .4 6
3 .4 6
0 .0 0
1 2 .2 1
1 1 .2 4
2 6 .9 2
1 2 4 .2 9
1 4 6 .7 9
- 9 7 .3 7
7 4 .8 2
-1 2 0 .8 2
0 .0 0
1 5 3 .8 2
7 3 .0 8
4 .0 8
1 0 0 .0 0
0 .0 0
1 4 8 .8 3
1 4 8 .8 3
0 .0 0
1 4 5 .8 1
3 .0 1
1 5 1 .4 6
-1 .6 5
3 .1 1
-4 .7 5
0 .6 6
0 .0 0
0 .0 0
63
J D W S u g a r M ills L td .
Ite m s
S u r p lu s
S h a r e h o ld e r 's E q u i t y ( A 1 + A 2 )
D e b e n tu re s
B .L iq u id ity :
(i)C a s h
In v e n to rie s
C o n t r a c t u a l L i a b il it ie s
G r o s s s a le s
2004
C o m m o n s i z e A n a ly s i s
2005
2006
2007
2002
2003
2 0 5 .8
5 6 .1
2 6 1 .9
0 .0
0 .0
3 4 .2
3 4 .2
2 9 6 .1
2 0 5 .8
1 8 8 .8
3 9 4 .6
0 .0
0 .0
3 8 4 .1
3 8 4 .1
7 7 8 .7
2 0 5 .8
2 2 6 .3
3 7 8 .7
7 5 1 .1
5 8 4 .5
9 7 7 .4
0 .0
0 .0
0 .0
0 .0
9 5 2 . 3 1 ,3 9 9 .1
9 5 2 . 3 1 ,3 9 9 .1
1 ,5 3 6 . 8 2 ,3 7 6 .5
1 .6
1 .6
0 .0
189.
0 .0
1 9 0 .6
6 8 8 .5
7 2 2 .7
-4 9 7 .9
394.
-6 8 6 .9
7 .1
7 .1
0 .0
3 9 0 .3
0 .0
3 9 7 .4
469.
8 5 3 .1
-7 1 .6
6 9 4 .1
-4 6 1 .9
8 4 .9
8 4 .9
0 .0
1 ,1 9 9 .3
3 3 .7
1 ,3 1 7 .9
9 6 5 .3
1 ,9 1 7 .6
3 5 2 .6
1 ,5 8 9 .8
-8 8 0 .4
2009
2002
2003
2004
2005
2006
2007
2008
2009
2 6 0 .3
3 1 5 .4
3 8 1 .3
9 1 5 .4
8 9 3 .3
5 3 9 .8
1 ,1 7 5 .7 1 ,2 0 8 .7 9 2 1 .1
0 .0
0 .0
0 .0
0 .0
0 .0
0 .0
2 ,3 3 2 .6 2 ,4 1 4 .3 2 ,5 5 3 .9
2 ,3 3 2 .6 2 ,4 1 4 .3 2 ,5 5 3 .9
3 ,5 0 8 .3 3 ,6 2 3 . 3 ,4 7 5 .
4 4 2 .8
1 ,4 1 4 .6
1 ,8 5 7 .4
0 .0
0 .0
2 ,4 0 7 .7
2 ,4 0 7 .7
4 ,2 6 5 .1
2 0 .9
5 .7
2 6 .6
0 .0
0 .0
3 .5
3 .5
3 0 .1
1 6 .5
1 5 .1
3 1 .6
0 .0
0 .0
3 0 .8
3 0 .8
6 2 .4
8 .2
1 5 .1
2 3 .4
0 .0
0 .0
3 8 .1
3 8 .1
6 1 .4
6 .2
2 0 .7
2 6 .9
0 .0
0 .0
3 8 .5
3 8 .5
6 5 .4
5 .0
1 7 .7
2 2 .7
0 .0
0 .0
4 5 .0
4 5 .0
6 7 .7
4 .4
1 2 .3
1 6 .7
0 .0
0 .0
3 3 .3
3 3 .3
5 0 .0
4 .8
6 .7
1 1 .5
0 .0
0 .0
3 1 .9
3 1 .9
4 3 .3
4 .3
1 3 .6
1 7 .8
0 .0
0 .0
2 3 .1
2 3 .1
4 1 .0
9 9 1 .7
5 .4
9 8 6 .3
1 ,0 9 2 .6
0 .0
2 ,0 8 4 .3
1 ,6 7 0 .4
4 ,0 0 3 .
4 1 3 .9
2 ,7 0 6 .6
- 6 7 8 .7
1 ,6 6 7 .8
3 .5
1 ,6 6 4 .3
2 ,5 6 8 .
1 ,4 3 6 .3
5 ,6 7 2 .1
6 ,1 4 5 .5
8 ,5 5 3 .2
-4 7 3 .4
6 ,6 7 0 .8
-4 ,4 7 7 .7
0 .2
0 .2
0 .0
1 9 .2
0 .0
1 9 .4
6 9 .9
7 3 .4
- 5 0 .6
4 0 .0
- 6 9 .8
0 .6
0 .6
0 .0
3 1 .3
0 .0
3 1 .9
3 7 .6
6 8 .4
-5 .7
5 5 .6
-3 7 .0
3 .4
3 .4
0 .0
4 7 .9
1 .3
5 2 .7
3 8 .6
7 6 .6
1 4 .1
6 3 .5
-3 5 .2
4 .2
4 .2
0 .0
2 6 .8
0 .0
3 1 .0
3 4 .6
7 3 .1
-3 .6
6 3 .8
-3 0 .4
1 9 .1
0 .1
1 9 .0
2 1 .1
0 .0
4 0 .2
3 2 .3
7 7 .3
8 .0
5 2 .3
- 1 3 .1
2 2 .2
0 .3
2 1 .9
2 8 .8
4 .9
5 5 .9
5 0 .0
8 3 .3
6 .0
7 1 .5
-2 7 .8
1 3 .5
0 .0
1 3 .5
2 1 .6
1 0 .9
4 6 .1
5 6 .7
8 8 .5
-1 0 .6
5 8 .4
-4 3 .1
1 6 .0
0 .0
1 6 .0
2 4 .7
1 3 .8
5 4 .5
5 9 .0
8 2 .2
-4 .5
6 4 .1
-4 3 .0
1 ,1 6 5 .1 1 ,2 7 5 .2 1 ,6 7 8 . 2 3 ,1 3 8 .7 3 ,8 8 3 .7 4 ,1 6 2 .5 5 ,8 7 8 .2 6 ,5 8 6 .6
u l7a 9t e3 d. 9 d e p 8r e5 c0 ia. 2t io n1 , 1 8 4 . 2 2 , 5 0 7 . 8 3 , 0 9 4 . 6 3 , 1 9 1 . 9 4 , 3 2 2 . 3 4 , 7 3 8 . 5
4 9 .5
5 5 .2
6 9 .1
1 3 8 .5
1 5 9 .5
195.
1 9 9 .9
310.
9 8 4 .5 1 ,2 4 7 .6 2 ,5 0 2 . 1 3 ,6 3 4 .9 5 ,1 7 8 .9 7 ,2 4 3 .4 8 , 0 1 8 . 1 0 ,4 1 0 .6
1 1 8 .3
8 0 .6
5 .0
1 0 0 .0
1 0 2 .2
6 8 .1
4 .4
1 0 0 .0
6 7 .1
4 7 .3
2 .8
1 0 0 .0
8 6 .3
6 9 .0
3 .8
1 0 0 .0
7 5 .0
5 9 .8
3 .1
1 0 0 .0
5 7 .5
4 4 .1
2 .7
1 0 0 .0
7 3 .3
5 3 .9
2 .5
1 0 0 .0
6 3 .3
4 5 .5
3 .0
1 0 0 .0
1 ,3 0 3 .3 1 ,9 2 6 .
1 ,3 0 3 .3 1 ,9 2 6 .
0 .0
0 .0
1 ,1 4 4 .6 1 ,6 2 8 .6
1 5 8 .7
2 9 7 .4
1 ,1 8 1 .6 1 ,6 7 5 .1
1 2 1 .8
2 5 1 .2
98.
9 3 .1
2 3 .8
1 5 8 .1
5 .7
8 .3
1 0 .3
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 7 .8
1 2 .2
9 0 .7
9 .3
7 .5
1 .8
0 .4
0 .8
1 0 0 .0
1 0 0 .0
0 .0
8 4 .6
1 5 .4
8 7 .0
1 3 .0
4 .8
8 .2
0 .4
0 .0
1 0 0 .0
1 0 0 .0
0 .0
7 9 .7
2 0 .3
8 3 .5
1 6 .6
3 .4
1 3 .2
0 .5
2 .0
1 0 0 .0
1 0 0 .0
0 .0
7 9 .8
2 0 .2
8 3 .4
1 6 .8
5 .4
1 1 .4
0 .4
1 .6
1 0 0 .0
1 0 0 .0
0 .0
8 2 .2
1 7 .8
8 7 .9
1 2 .1
7 .6
4 .4
0 .4
1 .2
1 0 0 .0
1 0 0 .0
0 .0
8 6 .7
1 3 .3
8 9 .4
1 2 .3
1 1 .4
1 .0
0 .0
0 .0
1 0 0 .0
1 0 0 .0
0 .0
8 1 .2
1 8 .8
8 5 .4
1 5 .3
7 .6
7 .7
0 .3
1 .5
1 0 0 .0
1 0 0 .0
0 .0
7 4 .9
2 5 .1
7 8 .8
2 1 .5
1 1 .5
1 0 .0
0 .8
2 .3
153.
153.
0 .0
9 7 4 .1
0 .0
1 ,1 2 7 .1
1 ,2 5 8 .5
2 ,6 5 7 .6
-1 3 1 .4
2 ,3 1 8 .1
-1 ,1 0 5 .5
2 ,0 5 7 . 5 3 ,1 9 4 .3
2 ,0 5 7 . 5 3 ,1 9 4 .3
0 .0
0 .0
1 ,6 3 9 . 3 2 ,5 4 9 .2
4 1 8 .2
6 4 5 .1
1 ,7 1 8 . 1 2 ,6 6 4 .
3 4 0 .6
5 3 8 .2
6 9 .3
1 7 2 .9
2 7 1 .3
3 6 5 .3
9 .5
14.
4 1 .2
5 1 .4
6 ,4 8 9 .8
6 ,4 8 9 .8
0 .0
5 ,3 3 6 .8
1 ,1 5 3 .
5 ,7 0 7 .6
7 8 2 .2
4 9 5 .1
2 8 7 .1
2 8 .3
7 8 .1
1 ,6 0 5 .8
22.
1 ,5 8 3 .8
2 ,0 8 7 .5
3 5 8 .2
4 ,0 5 1 .5
3 ,6 2 0 .4
6 ,0 3 4 .7
4 3 1 .1
5 ,1 7 8 .2
-2 ,0 1 4 .6
6 ,1 4 4 .7
6 ,1 4 4 .7
0 .0
5 ,3 2 8 .3
8 1 6 .4
5 ,4 9 0 .4
7 5 6 .5
698.
5 8 .5
0 .0
0 .0
2008
1 ,0 8 3 .6
3 .4
1 ,0 8 0 .2
1 ,7 3 5 .7
8 7 6 .4
3 ,6 9 5 .7
4 ,5 4 2 .9
7 ,0 9 6 .8
-8 4 7 .2
4 ,6 7 9 .2
- 3 ,4 5 9 .3
8 ,7 1 8 .1
8 ,7 1 8 .1
0 .0
7 ,0 8 2 .7
1 ,6 3 5 .4
7 ,4 4 1 .6
1 ,3 3 0 .5
6 6 2 .3
6 6 8 .2
2 7 .4
1 3 3 .4
7 ,5 7 2 .7
7 ,5 7 2 .7
0 .0
5 ,6 7 0 .1
1 ,9 0 2 .6
5 ,9 6 5 .7
1 ,6 3 0 .3
8 7 0 .4
7 5 9 .9
6 2 .1
1 7 7 .1
64
Common Size Analysis w.r.t Indutry Average:

The above tables show common size analysis of 25 companies in sugar industry while common size analysis of industry average are also
given in the 1st table and we have evaluated the performance of each company with respect to industry. We take each item of all 25
companies as a percentage of sales for common size analysis of income statement and each item of all 25 companies as a percentage of
total assets of industry balance sheet and we came to know that some companies are performing above average industry while some
companies are performing below average industry so the companies which are performing above average should come to the level to
industry as they are using more their resources while the companies which are performing below industry level they should come to the
level of industry level. Industry common size income statement and balance sheet is a bench mark for all 25 companies. The companies
which are maintaining assets and liabilities above industry average are wasting their resources instead of keeping above they can invest
the same resource in other projects to keep and maintain their resource according to industry level.
65
66
I n d e x A n a ly s is C o m p a r is o n in 2 0 0 2 o f 2 5 c o m p a n ie s w it h I n d u s t r y
1
3
7
4
4
1
3
4
7
.O
.S
.T
.C
.T
.G
.G
.O
.N
I n d u sA t rS y G A S A A SA N AS n s a Br i FS SMB S C S C S MD S MF S MF e c Ht o a Sb Mi bH AS MDH MW H S uM s e i n J SD
r d in a r y S 8h 5a r. 5e - 4 C a 1p 0it 0a .l1 0 0 0 0 .1 0 0 0 0 .1 0 0 0 0 .1 0 0 0 0 .1 0 0 0 0 .1 0 0 0 0 .1 0 0 0 0 . 50 0 . 0 6 1 6 . 61 50 0 .1 0 0 0 0 .1 0 0 0 0 .1 0 0 0 0 .1 0 0 0 0 . 0 0
h a r e h o l d e 5r '3s . 1E- 5q u i t 9y 3 ( . A7 7 1 1 + . 2A3 8 24 ). 0- 30 0 2- .2 0 6 3 9 6. 53 7. 3 9 6 0 . 0 7 2 2 . 3 1 2 7 . 31 12 0 .8 2 2 8 9 . 89 90 . 3 9 7 7 . 41 01 6 . 6 82 . 2 4
o t a l F i x e d 5 L0 .i a4 - b4 i li t 1i e 2s 6 ( . A7 0 54 . 0+ 1 A 1 50 +. 48 A03 .6 4 )6 9 0 . 0 06 . 0 0 0 . 1 97 4 . 6 2 1 7 . 4 2 5 8 . 8 5 9 1 . 5 30 . 0 0 . 0 3 0 7 . 90 5. 0 0
u r r e n t A s 5s e1 t. s9 - 0( B 1 1 + 0 B0 2. 90 + 10 B. 3 35 2 )0 . 4 6 9 2 . 6 7 4 6 . 44 51 6 . 59 28 . 9 7 5 2 . 5 2 2 1 . 31 20 0 . 64 8. 9 48 9 . 3 9 7 7 . 41 03 7 . 60 2 . 8 0
o t a l a s s e t s5 4( B. 2 -4 7 + C 1 20 ) 4 . 82 51 . 71 31 2 .1 4 2 0 1 . 31 58 . 31 69 0 . 64 03 . 3 5 2 2 . 6 4 2 6 . 41 37 6 . 65 81 . 21 71 0 . 65 23 . 92 73 1 . 50 0 . 5 6
r o s s s a l e s5 7 . 0 - 5 9 2 . 5 8 8 6 . 2 7 5 6 . 41 81 5 . 4 98 . 31 04 1 . 48 3 . 5 5 7 8 . 8 3 8 6 . 81 94 1 . 62 12 . 3 9 0 5 . 5 6 1 7 . 21 73 6 . 58 59 . 6 9
r o s s p r o f it7 6 . 2 - 4 1 7 3 . 76 51 . 9 6 4 2 . 8 7 2 6 . 7 5 5 2 . 83 21 9 .1 5 0 1 7 . 6 49 . 2 3 5 3 . 6 4 9 9 . 71 10 1 .1 0 2 2 4 . 5 07 . 41 31 7 . 98 09 . 7 4
v e r h e a d a5 n2 d . 4 -O4 t h 1e r5 7E .x35 p46 e. 8n 2s5 3e s. 1- 11 5 9 9. 33 6. 19 08 0 4 7. 39 5. 4 8 1 9 . 2 23 . 6 9- 4 8 . 67 16 . 51 01 7 . 36 8 . 81 23 1 . 91 8 . 2 5
e t p r o f i t b7 e9 f .o 3 -r 0e t a 1 x 7 (2 D. 70 5 91 - . D6 7 06 0 ) . 5 8 8 1 . 21 29 8 .2 5 9 9 8 .1 3 1 5 1 . 68 37 . 4 3 6 6 . 2 5 3 6 . 61 20 4 .1 3 0 1 9 . 57 24 . 21 01 6 . 8 71 . 3 6
- 1 8 . -0 6 2 2 2 .- 6 1 1 5 .- 31 22 4 3 . 72 08 .2 2 1 9 0 .7 9 1 4 0 . 81 9 . 8 5 6 8 . 4- 31 5 2- .3 4 53 1 1. 16 3. 83 19 0 . 74 4. 6 36 0 . 51 20 2 . 8 6
MW S KM S K M o h i nM o oS Mr M S i rMp Mu r irk zh aNa sSS MMP S MS a k r a n d

9 0 . 9 9 4 0 . 91 40 0 .1 0 0 0 0 .1 0 0 0 0 .1 0 0 0 0 .1 0 0 0 0 . 40 50 . 41 30 0 .1 0 0 0 0 . 0 0
2 6 . 8 2 0 6 . 8- 40 7 0 9. 1 3 1 . 01 97 6 . 9- 01 . 7 72 2 . 0 5 1 6 . 3 5 8 6 . 7 1 4 9 . 3 5
2 . 4 4 2 . 4 48 2 . 8 4 6 2 . 3 93 . 6 0 6 . 5 13 5 2 . 34 54 . 3 4 4 3 . 22 66 6 . 2 3
1 2 . 4 1 6 2 . 4 - 6 3 . 3 82 4 . 81 92 5 . 82 4. 3 -8 1 1 3 5. 5 6 3 . 1 6 1 1 . 13 29 1 8 . 7 1
1 6 . 9 1 1 6 . 9 4 1 5 . 9 8 3 2 . 0 5 8 6 . 9 4 7 5 . 2 2 8 8 . 0 4 1 4 . 1 1 8 9 . 41 26 0 . 4 7
2 7 . 0 2 8 7 . 0 6 8 1 . 9 8 2 5 . 4 7 2 4 . 1 9 3 1 . 31 30 0 . 54 42 . 1 7 9 2 . 21 12 2 . 1 3
4 0 . 8 4 0 0 . 81 02 0 . 85 9 . 9 7 7 2 . 0 6 6 2 . 71 66 9 . 84 68 . 21 67 3 . 86 86 . 7 7
2 4 . 6 2 0 4 . 6- 08 6 . 13 00 1 .- 9 6 2 5 . -7 7 4 5 . 97 3 . 0 9 0 9 . 6 3 6 6 . 8- 19 4 0 . 5 1
4 4 . 3 4 5 4 . 31 51 3 .1 6 0 6 8 . 85 09 . 1 8 2 0 . 91 74 7 . 81 42 . 51 63 4 .1 8 0 1 0 . 3 8
6 . 5 2 6 . 5 12 2 3 . 56 94 . -3 2 2 1 1 - 21 . 47 57 9. 7 1 3 . 4 8 1 6 . 3 9 8 9 . 55 00 6 . 6 3
67
I n d e x A n a ly s is C o m p a r is o n in 2 0 0 3 o f 2 5 c o m p a n ie s w ith I n d u s t r y
I n d u s t Ar y S G A S A A S A N SA n s a r i BS FM S B S C S C S M D S M F S M F e c t oH Sa bM ib AH DS M H W SH Mu s e in S JMD W S M K S MK o h in o Mo r S SMMM ir p u Mr k irh za as NS MS M P S M S a k r a n d
1 . O r d in a r y S h a r e 8C 5 a. 6p 2-it a l 1 0 0 . 0 10 0 0 . 0 10 0 0 . 0 10 0 0 . 0 10 0 0 . 0 10 0 0 . 0 10 0 0 . 0 10 0 0 . 0 05 0 . 0 1 6 6 . 6 51 0 0 . 0 10 0 0 . 0 10 0 0 . 0 10 0 0 . 0 10 0 0 . 0 0
9 0 . 9 4 9 0 . 9 41 0 0 . 0 10 0 0 . 0 10 0 0 . 0 10 0 0 . 0 10 0 0 . 0 04 5 . 4 31 0 0 . 0 10 0 0 . 0 0
3 . S h a r e h o ld e r ' s E 5q 2u it. 4y 0-( A 1 + 6A 82 . )0 9 6 6 . 4 7 9 0 . 0 9- 7 3 . 3- 12 2 6 . 0 89 9 . 2 9 8 1 . 5 2 7 7 . 2 5 2 1 . 5 1 2 9 . 2 4- 1 5 . 1 28 7 . 1 49 5 . 1 58 5 . 7 96 5 . 5 4
4 0 . 3 7 4 0 . 3 -7 3 0 4 . 5 80 7 . 0 51 7 4 . 2 02 1 . 5 9 8 5 . 8 1 6 1 . 5 0 6 5 . 6 3 5 8 . 5 0
7 . T o t a l F ix e d L ia b6 ilit
1 . ie5 2-s ( A 4 +6 A5 .56 +4 A 0 6. 0) 8 1 . 0 91 2 8 . 1 17 4 . 5 8 1 . 3 4 0 . 0 8 1 5 9 . 8 86 3 . 7 61 8 8 . 8 94 5 . 0 3 0 . 0 0 . 0 1 9 1 . 2 00 . 0 0
2 7 . 4 5 2 7 . 4 51 3 4 . 5 13 1 2 . 3 90 . 0 0 1 0 2 . 5 13 5 3 . 9 17 4 5 . 1 1 5 . 5 62 6 5 . 2 1
4 . C u r r e n t A s s e t s ( B 1 + -B 2 + B 63 5) . 3 21 0 6 . 4 89 8 . 1 61 4 1 . 1 48 9 . 5 25 8 0 . 1 14 7 . 9 1 8 4 . 4 9 3 8 . 2 1 6 3 . 4 94 8 . 6 38 7 . 1 49 5 . 1 59 7 . 0 36 0 . 3 1
3 2 . 7 7 3 2 . 7 7 6 6 . 1 1 9 1 . 1 41 2 1 . 0 25 6 . 1 4- 7 1 . 4 36 2 . 5 6 8 2 . 8 18 0 6 2 . 7 6
4 . T o t a l a s s e t s ( B 4 5+ 9 C. 22 4-)
7 7 . 2 5 7 9 . 1 9 8 9 . 2 51 0 9 . 8 2 6 . 2 51 1 6 . 4 19 5 8 . 4 68 3 . 1 7 4 3 . 4 0 5 5 . 5 16 9 . 2 79 0 . 7 77 3 . 6 92 5 1 . 1 12 1 3 . 5 4
3 5 . 2 6 3 5 . 2 6 5 4 . 1 51 0 0 . 4 87 7 . 4 0 5 6 . 1 0 3 6 . 0 2 5 6 . 5 2 3 9 . 3 21 1 8 . 4 0
1 . G r o s s s a le s
6 2 . 5 91 3 3 . 6 94 0 . 5 5 9 9 . 3 81 0 8 . 8 04 2 . 9 91 0 7 . 1 87 0 . 3 7 8 7 . 7 9 3 5 . 0 9 8 2 . 8 79 6 . 0 08 8 . 4 37 7 . 7 51 4 0 . 2 85 8 . 9 6
3 4 . 3 2 3 4 . 3 2 6 0 . 6 21 0 8 . 4 28 3 . 0 7 8 9 . 1 6 9 0 . 4 8 5 9 . 0 0 7 6 . 3 21 1 1 . 4 0
3 . G r o s s p r o f it
7 7 . 0 96 0 . 4 7 7 1 . 9 2 7 6 . 8 1 1 9 . 6 34 5 . 9 64 4 0 . 3 14 8 . 2 3 5 1 . 8 5 5 4 . 7 71 2 2 . 5 27 3 . 7 36 2 . 1 23 2 . 0 41 0 0 . 8 5 3 . 3 0
6 0 . 2 9 6 0 . 2 91 1 9 . 4 79 5 . 7 7 8 0 . 6 9 6 8 . 1 92 1 7 . 0 69 0 . 6 11 8 8 . 8 13 4 6 . 0 7
4 . O v e r h e a d a n d O4 t1h . e1 r8- E x p e 1n 4s e0 s. 6 92 9 . 6 9 2 6 . 1 02 0 4 . 8 15 7 . 5 -4 3 5 3 . 9 -10 . 1 8 2 7 . 3 7 4 . 9 5 2 5 . 1 1- 4 1 . 4 21 0 . 1 71 8 . 0 45 7 . 7 04 3 . 4 6
4 6 . 1 0 4 6 . 1 -0 4 0 0 . 6 28 5 . 2 2 7 2 . 6 2 1 3 . 3 5 1 1 . 8 0 7 9 . 7 4 9 . 5 6 6 1 . 6 8
7 . N e t p r o f it b e f o r 8e 1t a. 4x 9-( D 5 - D2 36 .) 4 8 6 7 . 7 9 8 5 . 4 51 1 5 . 9 15 1 4 . 0 35 1 7 . 3 25 7 . 6 4 5 4 . 9 9 5 7 . 8 51 3 0 . 1 49 4 . 5 37 4 . 0 73 3 . 5 81 0 7 . 1 50 5 . 8 4
6 2 . 8 8 6 2 . 8 81 0 6 . 9 13 0 1 . 7 98 1 . 3 8 8 1 . 2 81 7 3 . 9 9 2 . 8 61 3 8 . 6 18 4 7 . 4 9
- 1 0 . 4 -9
1 2 1 . 9- 91 0 4 . 61 07 1 . 7 1- 9 . 3 81 9 7 . 8 -0 3 0 . 8 -5 2 1 . 0- 41 1 1 . -8 11 5 9 . -0 54 6 7 . 8 85 2 . 8 92 9 . 6 5- 1 0 . 9 23 4 . 3 5
4 3 . 2 8 4 3 . 2 -8 2 4 4 . 5- 73 4 . 0 -8 4 6 . 8 -1 5 8 . 5 97 5 . 4 0 6 9 . 8 2 6 3 . 4 44 1 6 . 5 7
I n d u s tAr y S G A S A A S A N SA n s a r i BS FMS B S C S C S M D S M F S M F e c t oH Sa bMib HA SD MMH W SH Mu s e in S J MD W S M K S MK o h in o Mo rS SMMM ir p uMr k irh za as NS MS M P S M S a k r a n d
1 . O r d in a r y S h a r e 8 C4 .a8 p9- it a l 1 0 0 . 01 0 0 0 . 01 00 0 . 01 00 0 . 01 00 0 . 01 00 0 . 01 00 0 . 01 00 0 . 0 50 0 . 0 16 6 . 6 51 0 0 . 01 00 0 . 01 00 0 . 01 00 0 . 01 00 0 . 0 0
9 0 . 9 49 0 . 9 41 0 0 . 01 0 0 0 . 01 00 0 . 01 00 0 . 01 00 0 . 0 40 5 . 4 31 0 0 . 01 00 0 . 0 0
3 . S h a r e h o ld e r ' s E6 q8 u. 9it y0- ( A 1 +8 A6 . 25 )08 6 . 2 81 0 0 . 12 05 0 . 62 81 8 . 4 8 9 . 3 28 5 . 4 68 7 . 5 17 9 . 4 65 6 . 8 02 3 2 . 9 9 3 . 3 51 2 0 . 6 94 1 . 4 97 7 . 9 2
5 9 . 8 05 9 . 8 01 7 0 . 5 90 2 . 3 01 3 6 . 1 51 5 . 5 51 0 6 . 6 65 3 . 6 97 7 . 7 85 8 . 5 0
7 . T o t a l F ix e d L ia 9b 1ilit. 1ie1- s ( A 41 +3 6A . 57 +80A. 06 1) 2 4 . 81 62 4 . 2 94 5 . 5 23 6 . 1 27 0 . 2 01 6 0 . 8 85 8 . 3 1 4 4 . 41 41 2 . 2 3 0 . 0 0 . 0 2 2 7 . 2 31 . 9 1
6 8 . 0 76 8 . 0 71 1 5 . 5 31 3 . 9 41 4 3 . 71 60 1 . 71 93 4 . 91 43 0 . 8 30 . 0 0 2 6 5 . 2 1
4 . C u r r e n t A s s e t s 7 ( 9B . 1 +1- B 2 + 9B 63 . )0 71 1 6 . 31 10 5 . 41 11 6 . 0 86 9 . 4 13 8 6 . 2 71 9 . 1 79 3 . 9 48 2 . 9 67 5 . 6 1 0 5 . 0 90 3 . 3 51 2 0 . 61 40 5 . 9 76 1 . 8 6
6 4 . 6 76 4 . 6 71 2 4 . 0 8 2 . 8 71 3 8 . 4 74 5 . 2 94 1 . 3 96 4 . 5 41 0 4 . 51 90 6 2 . 7 6
4 . T o t a l a s s e t s ( B 74 4+ .C4 3-2 )
9 3 . 9 51 0 9 . 9 89 9 . 4 31 4 0 . 6 79 1 . 8 91 1 4 . 8 71 3 . 5 41 1 7 . 7 56 4 . 1 78 2 . 0 51 1 5 . 21 30 5 . 9 80 2 . 6 15 7 9 . 6 87 4 . 4 8
1 1 6 . 91 31 6 . 9 63 5 . 7 71 0 2 . 41 12 7 . 91 40 7 . 5 53 2 . 3 56 6 . 1 54 3 . 9 81 1 8 . 4 0
7 6 . 5 89 7 . 7 31 0 7 . 3 92 5 . 9 81 1 2 . 0 84 0 . 3 31 0 0 . 8 62 9 . 1 51 1 2 . 4 63 4 . 8 69 3 . 7 01 0 6 . 91 60 3 . 3 8 9 . 6 12 1 9 . 9 77 5 . 7 3
6 8 . 8 46 8 . 8 41 0 0 . 61 1 0 6 . 81 51 5 . 21 92 7 . 6 80 9 . 3 06 4 . 7 67 6 . 4 71 1 1 . 4 0
3 . G r o s s p r o f it 7 8 . 1 71 0 3 . 6 74 7 . 1 29 0 . 3 1 0 9 . 1 71 8 . 8 34 2 8 . 71 11 4 . 7 85 6 . 7 72 5 . 9 38 4 . 8 57 2 . 6 19 4 . 2 07 3 . 3 12 1 9 . 1 92 3 . 2 8
6 4 . 4 16 4 . 4 19 5 . 4 79 8 . 2 56 9 . 7 1 0 5 . 21 27 1 . 21 80 1 . 02 90 9 . 21 14 6 . 0 7
4 . O v e r h e a d a n d 5O 1 t .h 3e 1-r E x p 1e 0n 9s e. 4s1 3 7 1 . 8 66 8 . 3 9- 2 2 . 9 19 9 . 9 28 1 . 7 43 6 . 9 51 4 . 2 86 7 . 7 61 0 2 . 4 18 0 . 3 45 0 . 3 51 0 2 . 5 51 5 . 9 35 6 . 2 6
6 4 . 8 36 4 . 8 3 6 1 . 6 74 3 . 5 95 4 . 9 2 2 . 1 7 9 1 . 0 09 4 . 0 54 6 . 8 96 1 . 6 8
7 . N e t p r o f it b e f o 8r e1 .t 5a x5- ( D 5 1- 0D 26 . )0 63 7 . 7 39 4 . 2 71 0 9 . 9 70 4 . 9 73 3 6 . 11 62 7 . 6 9 3 . 0 62 4 . 0 08 4 . 2 98 4 . 1 69 7 . 3 57 0 . 2 15 2 8 . 6 98 9 . 6 1
6 4 . 4 96 4 . 4 91 0 0 . 2 98 9 . 5 27 3 . 0 67 4 . 9 01 5 2 . 71 20 3 . 11 16 2 . 01 44 7 . 4 9
2 6 . 6 61 8 9 . 52 7 9 9 . 7 12 6 . 0 02 6 0 . 2- 42 5 0 . 06 09 . 7 02 4 . 0 4- 4 8 . 9 1 7 2 4 . 81 37 5 . 7- 21 3 8 . 36 58 . 1 58 6 . 2 11 6 . 7 54 9 . 6 7
7 4 . 2 77 4 . 2 71 6 4 . 9 32 8 . 6 86 4 6 . 8 - 13 0 . 4 12 1 1 . 9 89 1 . 6 89 1 . 7 14 1 6 . 5 7
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. S h a r e h o ld e r ' s 1 E0 q0 u. 1i t 0y 0 ( .A1 01 0+ . A01 02 0) . 01 0 0 . 01 0 0 . 01 0 0
. T o t a l F i x e d L 1ia 0 b 0i li. 1t ie0 s0 .(1 A0 40 +. 01 A0 50 +. 01 A 0 60 ). 01 0 0 . 01 0 0
. C u r r e n t A s s e t1 s 0 ( 0B . 1 0+ 0B .12 0+ 0B . 013 0) 0 . 01 0 0 . 01 0 0 . 01 0 0
. T o t a l a s s e t s ( B1 04 0+ . C1 02 0) .1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0
. G r o s s s a l e s 1 0 0 . 1 0 0 .1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0
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. O v e r h e a d a n d1 0O 0 t .h1 e 0r 0 E.1 x 0p 0e .n01 s 0e 0s . 01 0 0 . 01 0 0 . 01 0 0
. N e t p r o f i t b e f 1o 0r e0 .t 1a 0x 0 ( .D1 05 0- D. 01 60 )0 . 01 0 0 . 01 0 0 . 01 0 0
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0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0
0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0
0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0
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I n d u s At r yS G A S A A S A N AS n s a r Bi SF MS B S C S C S M D S M F S MF e c t Ho aS b Mi b H A S DMHM W HS Mu s e i n JS DM W S MK S KM o h i n Mo o Sr MS Mir p Mu r kir hz a Ns S SM M P S MS a k r a n d

. O r d in a r y S h a 1 r 0e 5 C. 31a 0p 0i t .a 01 l 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 1 2 . 51 0 0 . 01 0 0 . 10 0 0 . 10 0 0 . 10 3 3 . 13 0 0 . 10 1 0 . 0
1 1 5 . 01 1 5 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 .10 0 0 . 0 0
. S h a r e h o ld e r ' s1 2E 0q .u61 i t0 y 3 (. A94 61 2+ . A18 28 ). 6 1 1 2 . -0 2 5 7 -. 89 1 6 .1 3 0 4 . 79 0 . 6 7 1 . 7 1 4 4 . 61 4 1 .- 7 3 6 1 .1 2 0 3 . 17 7 6 . 77 7 . 1 9 5 . 7
1 2 0 . 31 2 0 . 35 7 . 0 1 4 1 . 91 3 8 . 51 3 8 . 41 2 8 . 49 5 . 9 9 4 . 2 9 0 . 7 9
. T o t a l F i x e d L 1 ia1 b1 i.li3 t0ie . 0s ( 5A 5 4 . 9+ A0 . 50 + 6A 4 6 . 4) 9 2 . 0 6 9 . 4 6 8 . 5 3 3 2 . 12 2 9 . 17 0 . 1 1 1 2 . 67 2 . 2 0 . 0 0 . 0 4 0 . 0 7 7 . 9
1 6 6 . 71 6 6 . 78 0 . 4 3 2 2 . 66 8 . 3 5 2 . 9 8 4 . 33 2 4 1 .44 9 . 31 8 6 . 7 3
. C u r r e n t A s s e 1t s1 6( B. 41 1 2 + 4 B. 32 8+ 4 B . 813 0) 1 . 21 0 1 . 81 1 4 . 71 1 8 . 43 0 6 . 71 9 0 . 38 5 . 5 1 1 5 . 21 3 5 . 49 8 . 1 1 0 3 . 17 7 6 . 77 3 . 2 9 4 . 3
1 4 7 . 61 4 7 . 67 6 . 7 1 7 1 . 1 1 7 . 1 0 1 . 92 3 0 . 1 3 5 . 81 0 9 .56 5 6 . 9 0
. T o t a l a s s e t s ( 1B 1 4 6 +. 97C 52 . )5 1 1 7 . 31 0 5 . 28 1 . 4 1 7 0 . 87 5 . 9 7 1 . 0 1 5 5 . 79 1 . 2 8 0 . 6 1 4 6 . 1 1 2 . 13 0 4 . 18 3 0 . 28 0 6 . 1 4 4 . 9
1 8 4 . 91 8 4 . 91 3 0 . 81 7 2 . 39 9 . 4 1 1 8 . 02 7 . 0 1 0 1 . 31 8 . 31 8 1 . 2 3
. G r o s s s a l e s 1 1 7 . 89 2 . 6 1 8 3 . 39 9 . 8 9 4 . 5 1 1 2 . 58 5 . 7 8 4 . 0 1 6 7 . 99 9 . 9 1 0 6 . 41 2 0 . 16 2 1 . 19 0 0 . 15 1 8 . 16 2 0 . 14 2 6 . 8
1 4 2 . 51 4 2 . 51 0 2 . 42 4 6 . 49 7 . 7 1 0 2 . 46 7 . 5 1 4 2 . 45 3 . 51 0 7 . 1 9
. G r o s s p r o f i t 1 3 8 . 91 4 1 . 61 4 6 . 61 3 6 . 21 5 8 . 61 6 4 . 49 6 . 8 1 1 6 . 39 6 . 2 9 6 . 5 2 1 9 . 62 1 1 . 28 5 . 7 1 1 3 . 10 3 0 . 86 9 . 6 8 7 . 1
2 0 3 . 2 0 3 . 21 3 3 . 01 8 4 . 52 0 3 . 71 1 3 . 62 8 2 . 08 2 . 7 3 3 6 .13 6 4 . 9 9
. O v e r h e a d a n 1d 1 O5 .t 78h e 6 r . 9E 4x 5p .e 8 n1 s0 e 2s . 1 3 9 .15 0 8 1 .83 5 . 7 3 8 6 . 12 4 . 4 7 4 . 2 2 3 3 . 03 9 8 . 83 4 . 1 1 0 6 . 16 4 1 . 8- 0 . 8 4 4 . 8
1 7 8 . 71 7 8 . -7 2 0 7 .1 5 0 1 . 83 0 9 . 02 0 3 . 0- 7 2 . 43 1 . 3 - 3 8 . 48 2 0 . 8 0
. N e t p r o f i t b e 1f o 4 r 1e . 41t a 0 x 5 (. D61 55 7- .D1 63 )7 . 91 6 0 . 31 4 4 . 41 4 2 . 91 0 5 . 71 0 9 . 39 9 . 4 2 1 6 . 92 0 0 . 69 5 . 8 1 1 1 . 1 2 7 . 38 0 . 8 9 5 . 2
2 1 4 . 2 1 4 . 21 2 4 . 71 0 6 . 61 9 5 . 51 7 2 . 72 0 7 . 89 4 . 1 2 2 6 .14 5 0 . 6 4
5 9 . 5 3 2 5 . 51 8 1 . 74 4 . 8 1 8 2 . -1 3 7 8 -. 21 6 2 . 85 9 . 5 - 4 2 . 2- 2 6 . 32 2 7 . 45 1 2 .- 4 2 7 3 .1 2 3 8 . 15 2 5 . 7- 7 9 . 71 5 . 0
7 8 . 6 7 8 . 6 3 5 . 9 4 3 . 52 1 0 4 2. 30 7 . 71 5 . 9 5 2 . 7 - 1 6 .- 12 1 7 . 6 8
69
I n d u s t r Ay S G A S A A S A N SA n s a r i SB MF S B S C S C S M D S M F S M F e c t o H S a Mb ib AH DS MM H W S HM u s e in S MJ D W S M K S MK o h in o oMr S MM ir p u rMk hiraz sa SN MS M P S M S a k r a n d
1 . O r d in a r y S h a r e C 1a 1p 7it .a8l 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 1 2 . 5 1 0 0 . 0 1 0 0 . 0 2 9 0 . 1 1 0 0 . 0 1 7 7 . 8 1 0 0 . 0 1 1 0 . 0
1 3 9 . 4 1 3 9 . 4 1 0 0 . 0 1 1 5 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 1 9 . 9 1 0 0 . 01 0 0 . 0 0
3 . S h a r e h o ld e r ' s E q u1 it2y 2 (. A8 11 0+ 7A. 52 2) 8 9 . 9 9 8 . 5 1 0 5 . 3 9 . 8 7 5 5 . 4 1 1 0 . 8 2 3 . 9 1 1 5 . 0 1 2 2 . 7 1 2 5 . 5 4 3 . 0 1 2 4 . 5 2 2 3 . 8 6 1 . 2 8 6 . 7
1 2 3 .7 1 2 3 .7 - 2 4 .3 1 1 4 .2 7 1 .4 1 2 3 .0 1 3 6 .3 9 4 .5 9 8 .9 1 5 0 .6 1
7 . T o t a l F ix e d L ia b ilit1 ie1 7s . (9 A 04 .+0 A 57 +2 A. 3 6 ) 0 . 0 1 7 5 . 7 8 3 . 4 7 6 . 6 1 1 7 . 3 2 5 2 . 6 1 5 8 . 3 2 9 . 2 1 7 5 . 9 5 1 . 3 0 . 0 0 . 0 0 . 0 2 6 . 5
1 7 2 .6 1 7 2 .6 1 5 0 .3 4 4 6 .7 2 0 8 .8 1 4 .6 7 5 .2 2 7 1 5 .8 1 2 .5 1 4 8 .2 1
4 . C u r r e n t A s s e t s ( B 11 2+0 B. 52 1+ 2B8 3. 6) 2 4 8 . 5 1 0 1 . 0 1 2 0 . 4 8 8 . 1 4 2 . 8 7 4 . 6 1 1 8 . 3 1 1 8 . 8 8 5 . 7 1 3 6 . 4 5 1 . 8 1 2 4 . 5 2 2 3 . 8 5 4 . 7 8 1 . 9
1 5 2 . 5 1 5 2 . 5 1 2 3 . 0 1 6 8 . 0 1 1 3 . 3 7 6 . 8 2 7 7 . 4 1 2 7 . 8 1 2 8 . 71 3 8 . 9 4
4 . T o t a l a s s e t s ( B 4 + 1C 3 22 ) . 3 4 8 . 4 1 1 4 . 5 8 3 . 0 1 0 9 . 8 1 4 9 . 1 9 6 . 7 5 7 . 2 3 9 1 . 7 1 3 1 . 5 8 6 . 1 1 3 4 . 7 1 1 5 . 9 9 0 . 1 1 6 6 . 3 2 1 5 . 8 1 2 7 . 1
3 5 9 .5 3 5 9 .5 9 0 .0 1 5 4 .4 8 3 .1 9 5 .9 3 1 .7 1 2 0 .1 2 7 .9 1 5 5 .7 6
1 2 8 .9 8 3 .4 1 8 0 .0 8 7 .0 1 0 6 .6 1 0 4 .0 1 2 1 .5 7 3 .7 2 4 0 .0 1 2 4 .0 1 0 7 .0 1 2 1 .1 1 1 8 .0 1 0 6 .3 1 4 5 .6 1 2 3 .2 1 1 5 .4
1 9 9 .3 1 9 9 .3 9 4 .9 3 2 9 .9 9 2 .6 9 9 .5 6 4 .0 1 6 4 .1 5 4 .2 9 9 .9 0
3 . G r o s s p r o f it
1 2 7 .4 1 6 3 .9 9 8 .3 1 5 4 .0 1 4 1 .2 1 6 5 .0 1 1 4 .5 1 1 4 .9 1 3 4 .1 1 0 3 .3 1 4 6 .8 1 5 8 .2 8 3 .2 1 5 0 .3 9 2 .4 6 4 .8 1 1 5 .9
1 9 2 . 4 1 9 2 . 4 1 5 5 . 5 2 0 2 . 3 1 3 3 . 9 1 0 6 . 8 2 4 5 . 8 1 0 0 . 8 2 4 2 . 11 9 2 . 3 9
4 . O v e r h e a d a n d O t h6e 5r . E2 x p6 e1 n. 1s e- s1 7 1 . 81 2 9 . 6 1 0 9 . 9 - 2 4 . 1 2 . 3 2 9 4 . 8 - 3 1 . 3 4 8 . 1 7 3 . 1 1 1 0 . 5 - 3 1 . 8 1 7 9 . 6 1 2 5 . 7 1 . 0 6 . 2
1 2 6 .6 1 2 6 .6 - 2 4 .7 - 2 9 .0 - 1 2 .1 4 0 .1 7 .8 3 0 .1 2 1 .1- 1 3 7 .5 9
7 . N e t p r o fit b e f o r e 1t a 3x 5 (. D7 15 1- 0D . 69 )1 3 1 . 9 1 5 7 . 1 1 4 6 . 7 1 6 6 . 2 1 0 1 . 4 1 0 0 . 5 1 6 4 . 1 1 0 8 . 7 1 5 2 . 6 1 6 0 . 7 1 0 5 . 2 1 3 8 . 0 8 9 . 5 7 5 . 5 1 3 6 . 9
2 0 6 . 1 2 0 6 . 1 1 5 0 . 6 9 3 . 9 1 4 2 . 1 1 6 1 . 6 1 9 4 . 6 1 1 5 . 5 1 7 7 . 82 0 4 . 6 0
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1 6 . 0 1 6 . 0 1 1 1 . 0 - 1 6 1 . -8 2 3 5 1 . 1- 4 9 . 7 4 0 . 0 - 3 9 . 8 3 7 . 9 6 4 8 . 0 7
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r d in a r y S h a r1 e2 4C . a51 p0 i 0t a . l01 0 0 . 01 0 0 . 01 0 0 . 0
h a r e h o ld e r ' s 1 E3 q2 u. 18i t y 6 (. 5A 3 11 +7 A. 41 2 1 ) 8 . 1 7 8 . 6
o t a l F ix e d L 1ia 2b 7i li. 3t ie0 s. 0 ( A9 54 4+ . A1 05 . +0 A1 61 8) . 0
u r r e n t A s s e t1s 2 ( 9B . 91 +0 3B . 24 +3 B8 .3 62) 6 4 . 61 6 5 . 6
o t a l a s s e t s ( B1 4 8+ . C25 29 ) . 0 1 4 9 . 12 1 2 . 32 0 4 . 9
r o s s s a l e s 1 5 1 . 28 8 . 4 2 0 8 . 2 2 4 . 1 7 2 . 1
r o s s p r o f it 1 6 2 . 92 6 3 . 81 6 9 . 41 5 8 . 81 6 3 . 1
v e r h e a d a n d1 5O 2 t .h-6 e1 r4 E1 .x16 p9 e1 n. s71 e 0 s 9 . 31 8 9 . 1
e t p r o f it b e f 1o 6r e5 .t 9a1 x3 0( D. 21 56 - 4D . 416 6) 4 . 51 6 3 . 6
2 3 . 4- 1 3 5 8 2 . 87 5 . 71 4 7 . 92 4 4 . 2
r iB SF MS B S C S C S M D S M F S MF e c t Ho aS b Mi b HA S D M MH W HS Mu s e i n SJ DM W S MK S KM o h i n oM o Sr MS Mir p uM r kir hz aa sN S SM M P S M S a k r a n d
1 0 0 . 01 0 0 . 01 5 0 . 01 1 2 . 51 0 0 . 01 1 5 . 02 9 0 . 1 0 0 . 02 2 2 . 21 0 0 . 01 1 0 . 0
1 6 8 . 51 6 8 . 51 0 0 . 01 1 5 . 01 0 0 . 01 0 0 . 01 0 0 . 01 3 2 . 01 0 0 . 10 0 0 . 0 0
- 5 1 3 7 1 . 0 6 . 42 0 8 . 96 6 . 7 7 1 . 8 1 8 3 . 31 6 5 . 61 4 2 . 72 2 9 . 67 0 . 2 9 4 . 8
9 4 . 2 9 4 . 2 1 6 2 . 21 0 6 . 1 0 6 . 09 0 . 6 1 3 0 . 88 7 . 7 9 9 . 61 5 6 . 6 3
1 0 8 . 48 9 . 3 2 4 7 . 09 5 . 2 3 4 . 1 3 6 . 3 6 5 . 5 0 . 0 0 . 0 2 4 . 5 3 0 . 1
1 8 2 . 51 8 2 . 54 4 . 1 4 9 5 . 81 7 4 . 98 1 . 8 5 1 . 82 0 0 6 . 80 . 0 9 9 . 3 3
3 6 9 . 12 0 1 . 72 2 4 . 66 9 . 2 5 6 . 9 1 5 1 . 85 9 . 5 1 4 2 . 72 2 9 . 66 5 . 3 8 9 . 7
1 4 6 . 21 4 6 . 26 2 . 5 1 6 9 . 01 2 7 . 08 6 . 9 3 1 3 . 1 1 2 . 01 3 4 -. 01 2 1 . 7 8
2 5 . 4 6 3 . 6 4 4 9 . 61 1 5 . 67 9 . 7 2 4 9 . 15 3 . 2 1 3 8 . 51 8 8 . 71 5 5 . 67 3 . 4
3 2 7 . 93 2 7 . 93 0 5 . 12 5 5 . 21 8 5 . 21 3 2 . 15 2 . 8 1 0 0 . 04 9 . 31 7 6 . 0 2
9 6 . 9 7 5 . 7 3 1 2 . 71 1 1 . 1 0 4 . 41 7 6 . 49 6 . 3 1 4 2 . 31 6 6 . 1 1 7 . 49 2 . 1
2 2 0 . 62 2 0 . 61 5 0 . 94 1 7 . 21 4 4 . 51 5 2 . 46 7 . 7 1 4 6 . 76 2 . 7 9 7 . 8 2
1 5 4 . 71 8 8 . 72 0 2 . 21 0 9 . 81 8 7 . 51 2 7 . 81 5 8 . 72 3 9 . 91 4 6 . 28 4 . 5 1 4 3 . 3
2 7 2 . 92 7 2 . 91 1 2 . 02 3 3 . 01 2 9 . 71 3 3 . 23 2 2 . 01 6 6 . 23 1 7 . 19 8 3 . 3 6
4 8 . 2- 2 8 3 .15 5 2 . 66 7 . 4 2 0 . 4 2 1 1 . 15 8 . 9 2 2 2 . 62 4 9 . 61 6 . 2 7 0 . 5
2 5 3 . 52 5 3 . 5- 1 8 . 5 2 5 . 9 1 9 4 . 41 1 5 . 2- 5 2 . 2 9 9 . 1 - 5 . 9 8 9 . 4 9
2 0 8 . 31 2 2 . 12 0 9 . 81 1 4 . 01 9 8 . 31 2 6 . 41 7 4 . 62 2 6 . 31 3 6 . 79 5 . 4 1 5 6 . 3
2 7 9 . 32 7 9 . 31 1 1 . 31 2 4 . 41 2 9 . 1 3 3 . 2 4 5 . 31 7 7 . 52 2 3 . 14 8 5 . 2 5
- 2 0 4 . -7 8 4 . 6- 4 1 . 5- 5 5 .- 41 2 8 5 3 . 90 4 . -5 1 5 1 .56 1 4 . 82 4 2 . 8- 7 2 . 5 3 3 . 9
1 8 2 . 91 8 2 . 99 6 . 7- 1 2 2 1. 62 8 9 . 64 1 . 6 - 2 9 . 9- 2 7 . 9 6 . 7 2 2 1 . 3 3
70
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I n d u s tAr yS G A S A A S A N
. O r d in a r y S h a r e1 4C 4 a1. p20 it0a . l0 1 0 0 . 01 0 0 . 01 0
. S h a r e h o ld e r ' s E1 q7 u0 it.74y2 (. 4A 1 3+ 3 A3 2. 31) 5 0 . 61 9
. T o t a l F ix e d L ia1 b1 ilit9 .ie07 .s0 ( A 14 6+ 8A . 15 +0 .A0 6 1) 5
. C u r r e n t A s s e t s 1 (4 B7 1.81+6 B. 6 2 + 3 B0 31 ). 92 6 9 . 51 9
. T o t a l a s s e t s ( B 14 4+ 5 C2. 221 )8 . 6 1 2 2 . 81 7 6 . 41 9
. G r o s s s a le s 1 6 0 1. 86 5 . 3 2 0 1 . 02 2 1 . 01 7
. G r o s s p r o f it 1 6 6 9. 46 5 . 6 1 8 8 . 02 2 5 . 82 2
. O v e r h e a d a n d 2O 1 t7h-.e95 r 6 E2 x. 4p 3 e 7n 3s .e 84s 0 4 . 92 2
. N e t p r o f it b e f o 1r e6 2t a4. 1x3 8( D. 8 5 1- 6D 3 6. 92) 0 5 . 22 1
1 1 3 -. 79 3 7 . 3 8 0 3 . 94 7 8 . 31 9
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0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 5 0 . 01 1 2 . 51 0 0 . 01 1 5 . 02 9 0 . 11 0 0 . 02 9 6 . 31 0 0 . 01 1 0 . 0
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8 . 9 8 3 . 4 8 6 . 3 0 . 0 3 2 7 . 11 4 5 . 0 6 8 . 4 3 6 . 3 6 0 . 8 0 . 0 0 . 0 0 . 0 6 7 . 2
1 7 2 . 11 7 2 . 1 2 6 . 3 3 8 0 . 61 2 4 . 3 6 1 . 3 3 3 . 9 9 9 9 . 2 1 2 . 4 6 8 . 0 8
0 . 6 8 8 . 1 2 8 8 . 76 0 4 . 92 3 3 . 7 6 9 . 5 6 3 . 6 1 5 1 . 8 6 8 . 5 1 7 1 . 02 7 7 . 4 6 8 . 2 7 0 . 9
1 7 9 . 51 7 9 . 5 5 3 . 4 1 6 5 . 11 7 7 . 71 1 4 . 52 6 7 . 51 0 4 . 71 0 8 .-13 5 7 . 1 3
9 . 91 4 9 . 1 2 2 . 3 5 1 . 4 2 5 6 . 2 9 3 . 3 7 1 . 2 2 4 9 . 1 4 1 . 0 1 3 3 . 52 1 8 . 71 2 7 . 9 9 0 . 7
5 0 3 . 25 0 3 . 21 4 9 . 21 5 7 . 81 4 6 . 61 1 5 . 2 6 1 . 3 6 3 . 8 7 9 . 0 1 8 9 . 7 7
3 . 31 0 4 . 01 0 0 . 9 6 5 . 8 2 4 5 . 2 9 4 . 8 9 5 . 9 1 7 6 . 41 0 0 . 71 4 2 . 91 8 8 . 51 0 6 . 71 0 3 . 4
2 8 6 . 42 8 6 . 41 5 3 . 43 5 1 . 21 3 5 . 71 3 3 . 2 6 9 . 3 1 2 1 . 3 5 8 . 3 9 5 . 1 0
0 . 41 6 5 . 01 4 6 . 1 3 7 . 6 2 8 0 . 3 9 0 . 5 7 3 . 7 1 2 7 . 81 0 3 . 22 2 8 . 71 4 9 . 2 6 7 . 3 1 1 0 . 9
2 3 7 . 12 3 7 . 11 6 8 . 22 1 6 . 52 1 5 . 21 3 9 . 62 8 5 . 61 4 1 . 61 7 0 . 14 9 4 . 5 2
9 . 4- 2 4 . 1 - 2 2 . 87 8 9 . 61 6 2 . 3 3 0 . 5 9 . 3 2 1 1 . 1 3 1 . 8 1 8 1 . 02 9 3 . 5 9 0 . 3 2 0 . 2
2 9 4 . 92 9 4 . 9- 5 8 6 . 13 3 4 . 96 4 4 . 32 5 7 . 5- 1 8 6 . 16 1 5 . 7- 4 6 . 98 5 . 5 5
9 . 01 6 6 . 21 0 5 . 4 7 3 . 8 2 9 8 . 1 9 7 . 4 7 9 . 6 1 2 6 . 41 1 7 . 52 2 1 . 11 3 6 . 0 6 4 . 1 1 2 9 . 9
2 2 3 . 92 2 3 . 91 5 2 . 61 4 1 . 51 9 7 . 41 9 3 . 52 0 3 . 11 4 4 . 51 1 1 . 14 9 6 . 9 9
0 . 22 0 2 . 8- 9 0 4 .- 72 8 0 .- 41 0 2 .- 01 3 7 .- 78 1 7 . 37 0 4 . 5- 2 5 5 . 72 3 4 . 13 1 5 . 7 2 7 . 6 - 5 2 . 2
2 0 8 . 02 0 8 . 0- 4 8 . 6 6 . 8 5 2 2 7 .27 1 0 . 2- 1 4 9 . 34 3 . 1 - 2 3 7 .2 7 0 4 . 2 0
C o m m o n S iz e A n a ly s is C o m p a r is o n in 2 0 0 2 o f 2 5 c o m p a n ie s w it h I n d u s t r y
1
3
7
4
4
1
3
4
7
I n d u s tAr y S G A S A A S A N SA n s a r i BS FMS B S C S C S M D S M F S M F e c t oH Sa bMib HA SD MMH W SH Mu s e in S J MD W S M K S MK o h in o Mo rS SMMM ir p uMr k irh za as NS MS M P S M S a k r a n d

. O r d in a r y S h a r e 1 C6 a. 1p - it a l 9 . 8 1 2 . 0 1 1 . 1 2 0 . 7 2 1 . 5 1 3 . 7 3 0 . 5 2 7 . 6 7 . 5 1 0 . 4 5 . 2 4 3 . 7 1 1 . 9 1 8 . 6 3 0 . 7
2 0 .9 2 6 .4 1 1 .5 1 6 .1 1 0 .8 3 0 .8 7 .2 3 7 .4 2 2 .3 4
. S h a r e h o ld e r ' s E 2q 2u .it1 y- ( A 1 + 2 A2 2. 4 ) 3 6 . 2 1 6 . 7 7 . 6 5 . 6 - 6 9 . 7 7 6 . 7 5 6 . 4 9 . 5 1 9 . 7 - 2 5 . 2 7 0 . 2 6 3 . 4 4 6 . 5 8 0 . 4
2 6 . 6 - 5 8 . 5 6 1 . 3 4 8 . 0 - 0 . 4 - 9 5 . 7 8 1 . 7 - 1 3 5 . 7- 3 . 9 6
. T o t a l F ix e d L ia b1 ilit
7 . ie9 - s ( A 4 +7 A. 1 5 +1 A0 .62 ) 1 4 . 9 1 6 . 8 2 6 . 5 0 . 0 0 . 1 5 . 6 9 . 9 1 . 3 2 7 . 7 0 . 0 0 . 0 1 4 . 6 0 . 0
3 .5 5 5 .8 5 .4 1 .1 2 .4 1 4 1 .4 0 .7 2 6 .5 6 8 .5 2
. C u r r e n t A s s e t s 4( B0 1. 0 +- B 2 + B2 39 ). 5 4 6 . 4 3 1 . 6 2 4 . 3 3 2 . 2 - 6 9 . 7 7 6 . 8 6 1 . 9 1 9 . 4 2 0 . 9 2 . 5 7 0 . 2 6 3 . 4 6 1 . 1 8 0 . 4
3 0 . 1 - 2 . 6 6 6 . 6 4 9 . 2 2 . 1 4 5 . 6 8 2 . 4 - 1 0 9 . 62 4 . 5 7
. T o t a l a s s e t s ( B 44 +2 C. 8 2- )
6 1 .7 4 6 .9 4 9 .4 2 2 .8 4 9 .2 5 5 .2 3 8 .2 5 7 .6 7 0 .8 5 8 .3 3 2 .1 5 9 .0 6 3 .0 3 6 .7 4 5 .0
1 9 .4 9 .6 2 2 .7 3 8 .6 4 8 .5 1 0 .2 3 6 .2 1 3 .8 1 7 .7 3
. G r o s s s a le s
1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0 9 4 . 4 1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0
1 0 0 . 01 0 0 . 0 3 8 . 7 1 0 0 . 01 0 0 . 41 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0 0
. G r o s s p r o f it 1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0
1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0 0
. O v e r h e a d a n d O 8 t .h0 e -r E x p e1 n 0s .e6 s 4 . 8 5 . 7 - 4 . 1 8 . 4 - 2 3 . 4 1 1 . 8 1 1 . 6 0 . 5 - 5 . 1 1 2 . 0 2 7 . 6 7 . 4 1 5 . 6 2 0 . 1
1 2 .2 1 .6 1 2 .9 - 5 .0 - 1 8 .9 - 9 .5 2 2 .3 - 8 .3 - 7 .2 9
. N e t p r o f it b e f o r 9e 6 t .a7 x- ( D 5 - 9D 2 6. 0) 9 9 . 5 1 0 0 . 41 0 9 . 1 9 4 . 1 1 3 2 . 0 9 0 . 6 9 4 . 4 1 0 3 . 61 1 0 . 0 9 1 . 7 8 2 . 0 9 9 . 5 8 7 . 5 8 3 . 9
9 0 . 7 1 0 1 . 6 9 1 . 1 1 0 8 . 61 2 5 . 01 1 5 . 8 8 6 . 6 1 1 2 . 61 1 3 . 6 3
- 1 .3
4 .8 - 0 .8 - 1 0 .3- 1 5 .9 2 .1 - 5 2 .3 8 .1 4 .0 - 1 8 .2- 1 8 .9 0 .5 1 7 .1 0 .6 4 .4 1 4 .4
1 . 8 - 8 . 3 4 . 7 - 1 2 . 4 - 2 8 . 8 - 2 6 . 5 1 2 . 7 - 1 9 . 8- 1 7 . 3 6
71
1
3
7
4
4
1
3
4
7
I n d u s tAr yS G A S A A S A N SA n s a r iB S FMS B S C S C S M D S M F S MF e c t oH aS bMib HA SD MMH W SH Mu s e in S J MD W S M K S MK o h in oMo rS SMM M ir p uMr k irh za a s NS SM M P S M S a k r a n d

. O r d in a r y S h a r e 1 C4 .a7 p- it a l 1 1 . 8 1 1 . 4 8 . 5 2 2 . 0 2 4 . 7 1 8 . 1 1 8 . 9 1 8 . 5 7 . 9 1 7 . 7 3 . 4 4 7 . 0 1 0 . 3 1 8 . 1 1 9 . 2
1 6 .5 2 6 .9 1 0 .8 1 4 .4 1 0 .0 3 4 .2 6 .6 3 5 .4 2 4 .4 9
. S h a r e h o ld e r ' s E 1 q 9 u . it9 y- ( A 1 +1 8A . 26 ) 3 2 . 1 3 4 . 1 2 . 0 5 . 4 - 1 3 0 . 04 3 . 0 4 0 . 4 1 2 . 4 8 . 1 0 . 3 7 6 . 2 5 3 . 6 3 3 . 4 4 8 . 3
3 1 . 6 - 3 8 . 7 5 3 . 8 4 2 . 2 9 . 8 - 1 2 6 . 68 1 . 8 - 1 4 8 .- 51 3 . 1 1
. T o t a l F ix e d L ia 1b 9ilit. 9ie- s ( A 4 4+ . A6 5 1+ 9A . 46 ) 8 . 4 5 6 . 3 3 7 . 9 1 . 7 0 . 0 8 . 0 2 4 . 1 1 4 . 4 1 5 . 5 0 . 0 0 . 0 8 . 9 0 . 0
3 0 .8 9 2 .6 1 3 .4 0 .0 3 4 .7 1 5 8 .5 2 .5 9 .0 7 4 .8 4
. C u r r e n t A s s e t s 3( 9B .18 +- B 2 + 2B 33 . )2 5 1 . 5 4 2 . 4 5 8 . 2 4 3 . 3 - 1 2 8 . 34 3 . 0 4 8 . 4 3 6 . 6 2 2 . 5 1 5 . 7 7 6 . 2 5 3 . 6 4 2 . 2 4 8 . 3
6 2 . 4 5 3 . 9 6 7 . 2 4 2 . 2 4 4 . 6 3 1 . 9 8 4 . 3 - 1 3 9 . 65 1 . 7 3
. T o t a l a s s e t s ( B 4 +2 .C5 -2 )
4 6 .4 4 1 .3 3 0 .2 2 2 .0 4 2 .0 4 4 .7 6 2 .2 6 1 .1 6 9 .6 3 1 .2 2 0 .8 5 4 .5 6 3 .8 3 9 .0 6 3 .2
3 1 .9 1 1 .5 2 6 .1 4 6 .8 5 5 .3 1 4 .5 4 2 .5 2 6 .4 1 4 .3 4
. G r o s s s a le s 1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0 9 4 . 6 1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0
1 0 0 . 01 0 0 . 0 4 6 . 2 1 0 0 . 0 9 0 . 2 1 0 0 . 01 0 0 . 01 0 0 . 10 0 0 . 0 0
. G r o s s p r o f it 1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0
1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 10 0 0 . 0 0
. O v e r h e a d a n d O6 t. h2 e - r E x p e5 n . s3 e s 1 4 . 6 5 . 2 3 . 3 9 . 1 6 . 0 - 0 . 1 4 . 4 0 . 6 1 . 1 - 8 . 9 4 . 5 5 . 4 8 . 0 1 5 . 1
1 5 .4 7 .7 3 .8 4 .9 2 .7 - 1 .2 1 7 .0 - 2 .0 1 .9 4
. N e t p r o f it b e f o r9 e 8 t. a3 x- ( D 5 -9 D7 6. 7 ) 8 9 . 4 9 9 . 4 1 0 0 . 0 9 5 . 5 1 0 1 . 91 0 4 . 31 0 1 . 41 0 1 . 71 0 2 . 61 1 3 . 81 0 9 . 21 0 0 . 8 9 3 . 8 9 1 . 3
8 7 . 0 9 6 . 5 1 0 0 . 4 9 8 . 5 1 0 2 . 11 0 6 . 9 9 0 . 5 1 0 6 . 15 0 1 . 4 6
- 0 .7
0 .7 6 .5 - 7 .1 - 5 .3 - 0 .2 - 1 0 .6 - 6 .2 - 1 .8 - 3 .6 - 3 .5 - 2 2 .3 8 .9 6 .2 - 0 .9 8 .2
8 . 2 1 6 . 5 - 3 . 2 - 0 . 2 - 9 . 4 - 1 7 . 1 9 . 8 - 1 1 . 6- 8 . 6 8
1
3
7
4
4
1
3
4
7
I n d u s tAr y S G A S A A S A N SA n s a r i BS FMS B S C S C S M D S M F S M F e c t oH Sa bM ib HA SD MMH W SH Mu s e in S J MD W S M K S MK o h in o Mo rS SMMM ir p uMr k irh za as NS MS M P S M S a k r a n d

. O r d in a r y S h a r e 1 C1 a. 9p - it a l 9 . 3 9 . 6 8 . 8 2 1 . 4 1 4 . 4 1 9 . 2 1 9 . 2 1 4 . 4 4 . 3 1 5 . 6 3 . 0 4 0 . 4 9 . 0 2 1 . 2 2 2 . 6
8 .2 1 6 .2 1 0 .5 1 0 .4 6 .5 3 4 .6 6 .1 3 5 .3 2 4 .4 9
. S h a r e h o ld e r ' s E 2q 1u .it4 y- ( A 1 +1 A9 .26 ) 3 5 . 2 3 9 . 2 - 6 . 5 - 3 . 1 - 1 3 8 . 24 5 . 9 3 5 . 7 2 4 . 9 1 4 . 0 - 4 . 1 6 7 . 7 5 9 . 0 4 1 . 6 6 7 . 5
2 3 . 4 1 3 . 1 5 5 . 6 2 3 . 8 1 6 . 4 - 1 5 9 . 57 7 . 2 - 1 7 5 .- 71 3 . 1 1
. T o t a l F ix e d L ia b2 ilit
4 . 1ie- s ( A 4 +7 A. 3 5 +1 2A . 63 ) 1 3 . 4 5 3 . 0 2 8 . 3 4 7 . 4 2 6 . 5 6 . 3 1 8 . 1 9 . 7 3 4 . 6 0 . 0 0 . 0 1 2 . 3 0 . 1
3 8 .1 4 7 .9 3 .9 1 1 .0 2 2 .4 1 4 0 .7 2 .0 0 .0 7 4 .8 4
. C u r r e n t A s s e t s 4( B5 .15 +- B 2 + B2 63 .) 8 4 7 . 5 5 2 . 5 4 6 . 5 2 5 . 2 - 9 0 . 8 7 2 . 4 4 2 . 0 4 2 . 9 2 3 . 7 3 0 . 5 6 7 . 7 5 9 . 0 5 3 . 9 6 7 . 6
6 1 . 4 6 0 . 9 5 9 . 6 3 4 . 8 3 8 . 7 - 1 8 . 7 7 9 . 3 - 1 7 5 . 67 1 . 7 3
. T o t a l a s s e t s ( B 44 +3 C. 7 2- )
5 2 .7 4 8 .4 3 1 .3 2 7 .3 6 7 .1 4 6 .8 2 9 .4 6 7 .5 4 7 .0 4 0 .8 3 1 .1 5 2 .2 6 2 .1 3 2 .6 5 5 .2
5 2 .7 8 .4 2 5 .9 5 5 .7 6 8 .7 2 1 .3 4 5 .3 2 9 .5 1 4 .3 4
. G r o s s s a le s 1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 3 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0
1 0 0 . 01 0 0 . 0 4 4 . 4 1 0 0 . 0 8 3 . 6 1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0 0
. G r o s s p r o f it 1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0
1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0 0
. O v e r h e a d a n d O 7 t. h7 e -r E x p e1 n2 s . e4 s 2 3 . 4 1 1 . 7 - 0 . 4 5 . 2 - 1 . 4 5 . 2 1 . 4 1 6 . 4 6 . 3 2 . 3 1 5 . 6 1 3 . 4 6 . 6 1 1 . 2
2 0 .3 - 8 .6 1 0 .5 4 .3 0 .5 - 1 1 .7 1 7 .9 - 8 .8 4 .6 1
. N e t p r o f it b e f o r9e 7 t .a0 x- ( D 5 - 9D1 6. 4) 8 3 . 3 9 3 . 3 1 0 3 . 91 0 2 . 41 1 0 . 9 9 7 . 1 1 0 2 . 5 8 9 . 1 9 5 . 9 1 0 2 . 9 9 6 . 2 9 2 . 1 9 5 . 4 9 3 . 0
8 3 . 5 1 1 3 . 3 9 4 . 1 1 0 2 . 41 0 4 . 71 1 8 . 9 9 0 . 1 1 1 2 . 41 0 0 . 4 9
1 .8
6 .8 1 4 .8 0 .9 - 8 .9 - 1 2 .6 - 3 .8 2 .0 - 2 .5 8 .4 5 .5 - 9 .5 3 .9 7 .9 1 .2 6 .7
1 3 .2 - 1 3 .9 3 .5 3 .9 - 5 .4 - 3 2 .1 1 0 .2 - 1 5 .2- 3 .0 4
72
1
3
7
4
4
1
3
4
7
I n d u s tAr yS G A S A A S A N SA n s a r iB S F MS B S C S C S M D S M F S MF e c t oH aS bMib HA SD MMH W SH Mu s e in SJ DM W S MK S KM o h in oM o Sr MS Mir p uMr k irh z aa sNS SM M P S M S a k r a n d

. O r d in a r y S h a r e1 0C . 7a p2 it6 a. 6l 9 . 1 1 0 . 3 8 . 5 2 3 . 9 1 1 . 3 1 9 . 4 1 3 . 3 0 . 0 5 . 5 2 2 . 0 3 . 2 4 1 . 8 8 . 0 2 5 . 4 1 7 . 1
6 .2 1 6 .3 1 0 .3 1 1 .9 6 .8 3 0 .9 8 .6 2 7 .0 2 7 .2 9
. S h a r e h o ld e r ' s E2 3q .u 8it- y1 2( A1 . 162 +2 A. 1 2 4) 3 . 8 3 7 . 6 - 2 . 9 - 1 . 1 - 1 5 6 . 03 7 . 1 2 9 . 7 2 0 . 3 2 3 . 1 - 1 . 9 7 5 . 0 4 3 . 8 5 4 . 5 6 5 . 6
2 6 . 9 7 . 7 5 9 . 2 2 0 . 1 3 1 . 0- 1 3 3 . 57 8 . 5- 1 7 2 -. 72 4 . 9 6
. T o t a l F ix e d L ia2 b0 ilit. 2 ie1 s9 (. 9A 45 +. 2 A 50 +. 0A 61 )0 . 3 4 7 . 8 2 3 . 3 1 3 2 . 3 2 6 . 1 4 . 4 1 3 . 3 6 . 3 3 2 . 9 0 . 0 0 . 0 6 . 5 5 . 7
3 8 .5 4 1 .7 1 1 .4 8 .8 2 3 .1 9 3 .1 1 .0 4 4 .3 3 1 .4 3
. C u r r e n t A s s e t s 4 (4 B. 01- +1 0B 12 . +72 B7 .3 3 ) 4 3 . 8 4 7 . 8 4 4 . 9 2 2 . 2 - 2 3 . 7 6 3 . 2 4 . 4 3 3 . 6 2 9 . 4 3 1 . 1 7 5 . 0 4 3 . 8 6 1 . 1 7 1 . 3
6 5 . 4 4 9 . 4 7 0 . 6 2 9 . 0 5 4 . 1 - 4 0 . 4 7 9 . 5- 1 2 8 . 56 . 4 7
. T o t a l a s s e t s ( B 44 5+ . 0C 2 8) . 0 5 4 . 8 4 7 . 2 3 3 . 6 2 1 . 8 7 3 . 6 4 1 . 1 2 7 . 6 1 7 . 6 5 6 . 3 4 6 . 6 2 8 . 8 5 1 . 0 6 7 . 3 2 1 . 8 4 9 . 5
3 1 .0 1 2 .9 2 4 .8 5 0 .2 6 7 .2 3 6 .4 4 4 .3 5 1 .2 1 3 .4 9
. G r o s s s a le s 1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 1 . 11 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0
1 0 0 . 01 0 0 . 0 4 0 . 8 1 0 0 . 0 6 9 . 0 1 0 0 . 01 0 0 . 01 0 0 . 10 0 0 . 0 0
. G r o s s p r o f it 1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0
1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 10 0 0 . 0 0
. O v e r h e a d a n d 1O 1 t. h7 e- r3 9E .x5 p1 e1 n. 7s e 1s 0 . 5 1 5 . 4 2 . 0 1 6 . 8 - 7 . 5 1 6 . 0 9 1 . 6 6 . 3 5 . 2 1 5 . 8 9 . 5 1 0 0 . 0 1 4 . 0 1 8 . 5
2 0 . 2 - 2 . 3 1 3 . 9 5 . 5 1 4 . 5 - 2 2 . 0 1 5 . 3 - 3 9 . 11 1 . 7 5
. N e t p r o f it b e f o 9r 3e . t0a 1x 7 (8D . 959 - 2D . 86 9) 4 . 9 8 9 . 4 1 0 3 . 1 8 8 . 6 1 4 1 . 4 8 7 . 3 8 . 4 9 6 . 3 9 6 . 6 8 8 . 8 3 0 . 2 1 0 0 . 0 8 8 . 3 8 7 . 1
8 3 . 4 1 0 7 . 8 9 2 . 0 9 7 . 7 8 9 . 5 1 3 3 . 4 7 0 . 0 1 4 5 . 19 1 . 7 5
5 .3 - 1 3 .5 3 .7 3 .8 5 .2 - 3 .7 1 .8 - 2 3 .5 9 .8 2 .4 1 .7 2 .7 2 .9 1 .8 1 0 0 .0 8 .6 1 2 .7
1 1 .4 - 8 .1 8 .7 0 .4 1 1 .4 - 4 9 .2 1 0 .0 - 3 4 .6 4 .0 1
I n d u s t r yA S G A S A A S A N S A n s a r i S BMF S B S
C S C S M D S M F S M F e c t o HS aMb ib A HD SMM H
1 . O r d in a r y S h a r e C a p it9a .l6 2 8 . 8 5 . 0 1 0 . 3 9 . 0 2 1 . 3 1 1 . 7 2 3 . 1 7 . 9 0 . 0 5 . 2 1 8 . 2 2 . 6 4 1 . 5 9 . 0
3 . S h a r e h o ld e r ' s E q u it y 2 (4A. 31 +- 1A 32 6) . 5 5 5 . 7 3 8 . 9 4 4 . 5 6 . 7 1 0 . 5 - 1 9 4 . 3 2 0 . 0 1 4 . 7 2 7 . 6 2 7 . 1 5 . 5 7 7 . 4 6 5 . 2
7 . T o t a l F ix e d L ia b ilit ie 1s 9( A. 1 4 + 0A . 50 + A 61 ). 6 5 . 6 7 . 0 3 9 . 1 1 6 . 7 1 0 7 . 8 5 1 . 6 1 0 . 1 8 . 7 5 . 9 1 9 . 5 0 . 0 0 . 0
4 . C u r r e n t A s s e t s ( B 1 + 4B3 2. 5+ B- 13 3) 6 . 5 5 7 . 3 4 4 . 4 5 1 . 5 4 5 . 7 2 7 . 2 - 8 6 . 5 7 1 . 6 1 0 . 1 3 6 . 3 3 3 . 0 2 5 . 0 7 7 . 4 6 5 . 2
4 . T o t a l a s s e t s ( B 4 + C 2 4) 4 . 6 2 2 . 9 3 5 . 1 4 9 . 8 2 9 . 0 3 3 . 0 5 7 . 7 3 4 . 7 2 5 . 6 1 7 . 4 4 2 . 6 5 6 . 5 2 6 . 6 5 3 . 1 7 4 . 2
1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 8 9 .6 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0
3 . G r o s s p r o fit
1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0
4 . O v e r h e a d a n d O t h e r 9E . x7 p e -n 2s 4e s. 3 3 . 7 7 . 9 1 3 . 6 1 2 . 8 1 0 . 7 - 2 4 . 7 4 . 1 9 3 . 6 6 . 7 9 . 8 6 . 3 1 0 . 0 1 0 . 4
7 . N e t p r o fit b e fo r e t a x 9 (4D. 75 - 1D 36 3) . 3 9 9 . 5 9 6 . 1 9 0 . 3 9 0 . 6 9 3 . 9 1 2 8 . 5 9 9 . 1 6 . 4 9 5 . 1 9 1 . 8 9 9 . 2 3 3 . 0 9 3 . 6
2 .3 - 3 1 .1 4 .6 1 .3 6 .0 8 .6 - 2 .2 - 1 8 .1 - 4 .3 3 .6 1 .8 6 .5 - 9 .2 2 .4 6 .5
W S HM u s e in S M J D W S M K S MK o h in o o Mr SS MM M ir p u r Mk h ira zs a S NM S M P S M S a k r a n d
2 1 .1 1 4 .8
5 .0 1 5 .9 5 .6 1 2 .2 6 .0 4 5 .8 6 .1 5 0 .5 2 5 .4 6
3 4 .9 4 9 .5
2 2 . 7 4 . 3 4 5 . 5 2 8 . 5 3 7 . 8 - 2 5 4 . 0 5 2 . 9 - 3 0 4 . 1- 2 1 .1 4
2 .2 3 .5
4 5 .0 3 2 .8 1 9 .9 6 .2 1 0 .8 1 1 6 .3 2 3 .0 4 0 .8 5 4 .7 6
3 7 .1 5 3 .0
6 7 .7 3 7 .0 6 5 .5 3 4 .7 4 8 .6 - 1 3 7 . 7 7 5 .8 - 2 6 3 .3 3 3 .6 1
3 7 .2 5 6 .6
4 0 .2 1 6 .5 2 3 .2 5 1 .0 6 9 .8 1 4 .6 3 1 .6 1 7 .6 2 2 .8 1
1 0 0 .0 1 0 0 .0
1 0 0 . 0 1 0 0 . 0 5 4 .5 1 0 0 .0 6 2 .2 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 0
1 0 0 .0 1 0 0 .0
1 0 0 . 0 1 0 0 . 0 1 0 0 . 0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 0
- 0 .2 9 .5
1 7 .8 3 .6 1 3 .3 8 .3 1 6 .4 5 .6 4 .7 4 .5 - 3 .2 9
1 0 2 .6 9 5 .2
8 7 .9 1 0 1 . 1 9 2 .0 9 3 .8 8 6 .4 9 8 .3 6 4 .9 9 7 .6 1 0 6 .8 7
- 9 .9 2 .2
4 .4 - 2 . 2 3 .6 4 .4 1 3 .3 - 2 . 8 5 .2 1 .7 - 1 0 .2 5
73
1
3
7
4
4
1
3
4
7
I n d u s t Ar y S G A S A A S A N SA n s a r i BS FM S B S C S C S M D S M F S M F e c t oH Sa bM ib AH DS MM H W SH Mu s e in S JMD W S M K S MK o h in o Mo r S SMMM ir p u Mr k irh za as NS MS M P S M S a k r a n d

. O r d in a r y S h a r e C9 .a 8p it 3a 2l . 0 5 . 1 1 1 . 9 7 . 9 2 3 . 0 9 . 9 2 6 . 3 5 . 5 0 . 0 5 . 2 1 8 . 2 7 . 9 3 9 . 3 9 . 8 2 0 . 6 1 6 . 3
4 .4 1 7 .2 5 .9 1 2 .9 6 .4 4 8 .3 6 .3 4 9 .8 2 7 .3 1
. S h a r e h o ld e r ' s E q2 u2 it. 6y - (1 A5 16 +. 83A 52 . )6 4 9 . 5 3 7 . 1 - 0 . 3 - 7 . 3 - 2 3 4 . 6 3 . 7 2 7 . 8 2 3 . 3 2 3 . 9 - 0 . 7 8 7 . 8 6 7 . 4 2 7 . 1 4 9 . 3
1 6 . 7 - 2 . 0 3 3 . 4 1 5 . 5 3 5 . 7 - 2 8 4 . 34 5 . 2 - 3 1 5 . -4 3 7 . 6 3
. T o t a l F ix e d L ia b 1 ilit8 .ie5 s 0( A. 0 4 + 2A . 15 + A1 .63 ) 1 6 . 9 3 8 . 3 1 5 . 6 2 1 0 . 6 2 7 . 4 5 . 6 3 . 6 9 . 2 1 4 . 3 0 . 0 0 . 0 0 . 0 1 . 3
3 3 .3 6 6 .0 2 5 .2 1 9 .9 3 .2 1 0 9 .4 1 6 .7 1 0 .2 4 6 .6 3
. C u r r e n t A s s e t s (4B 1 1. 2+ - B1 25 +6 B. 833 7) . 7 5 0 . 8 5 4 . 0 3 8 . 0 8 . 3 - 2 4 . 0 3 1 . 1 5 . 6 2 6 . 9 3 3 . 1 1 3 . 6 8 7 . 8 6 7 . 4 2 7 . 1 5 0 . 6
5 0 . 0 6 4 . 1 5 8 . 6 3 5 . 4 3 8 . 9 - 1 7 5 . 06 1 . 9 - 3 0 5 . 29 . 0 0
. T o t a l a s s e t s ( B 4 4+ 6C . 12 ) 1 6 . 3 3 4 . 9 4 5 . 1 3 4 . 6 3 1 . 2 6 2 . 2 3 1 . 9 4 5 . 0 1 5 . 9 4 5 . 3 5 1 . 9 2 8 . 3 4 3 . 2 7 6 . 9 3 8 . 1 5 4 . 5
5 5 .9 1 2 .2 1 9 .0 4 5 .0 6 0 .4 1 8 .0 3 2 .5 2 6 .4 2 1 .0 3
1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 7 . 31 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0
1 0 0 . 01 0 0 . 0 6 6 . 6 1 0 0 . 0 6 4 . 2 1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0 0
. G r o s s p r o f it 1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0
1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0 0
. O v e r h e a d a n d O 6t h. 0e r - E1 x4 p. 7e -n 2s 0e s. 5 8 . 8 1 2 . 0 - 0 . 3 0 . 5 - 1 9 . 1 - 3 . 7 9 6 . 1 3 . 1 3 . 6 - 6 . 0 1 3 . 2 1 3 . 0 0 . 2 1 . 0
1 3 .3 0 .4 - 5 .2 - 0 .5 4 .0 - 0 .7 3 .6 - 3 .4 2 .2 5
. N e t p r o f it b e f o r e9 9t a. 1x 1( D2 15 . -01D 26 4) . 6 9 6 . 8 9 2 . 8 1 0 3 . 91 0 7 . 31 2 3 . 61 0 6 . 8 3 . 9 1 0 0 . 1 9 8 . 1 1 1 2 . 2 3 2 . 3 9 3 . 1 1 0 3 . 01 0 3 . 0
8 9 . 4 1 0 4 . 51 1 2 . 31 0 3 . 6 9 9 . 4 1 0 5 . 6 6 2 . 8 1 0 6 . 51 0 1 . 5 2
- 1 .0 - 2 1 .1 - 2 8 .6 6 .1 1 .5 - 4 .6 - 2 3 .6- 2 3 .5 - 1 9 .9 3 .6 - 7 .3 0 .9 - 2 2 .2 5 .3 9 .0 - 1 3 .4 - 4 .6
1 .0 - 5 .8 - 1 8 .3 - 7 .4 - 3 .9 - 8 .0 - 3 .1 - 5 .4 - 3 .6 7
1
3
7
4
4
1
3
4
7
I n d u s t Ar y S G A S A A S A N SA n s a r i BS FM S B S C S C S M D S M F S M F e c t oH Sa bM ib AH DS MM H W SH Mu s e in S JMD W S M K S MK o h in o Mo r S SMMM ir p u Mr k irh za as NS MS M P S M S a k r a n d

. O r d in a r y S h a r e C8 a. 8p it 3a l0 . 2 4 . 4 4 . 6 4 . 9 2 3 . 0 7 . 3 2 5 . 6 6 . 4 0 . 0 5 . 3 1 4 . 3 9 . 7 2 9 . 3 1 0 . 7 2 1 . 6 2 0 . 4
4 .8 1 0 .8 5 .1 8 .3 5 .1 4 5 .7 7 .8 4 3 .1 2 7 .9 0
. S h a r e h o ld e r ' s E q2 u0 it. y8 - (1A1 19 +. 03A 32 .)7 2 3 . 1 3 9 . 0 - 0 . 3 3 6 . 7 - 2 1 9 . 32 4 . 8 1 1 . 1 1 4 . 0 2 4 . 0 - 3 . 2 7 5 . 2 6 0 . 5 3 2 . 6 6 7 . 5
1 1 . 5 8 . 3 2 6 . 9 1 4 . 8 2 1 . 1 - 2 5 8 . 04 6 . 9 - 2 7 4 . -6 3 9 . 9 7
. T o t a l F ix e d L ia b 1ilit7 ie. 0 s (0 A. 0 4 + 2A3 5. 8+ A2 86 .)6 7 . 0 3 8 . 3 1 6 . 3 1 5 6 . 1 2 0 . 6 3 . 8 4 . 3 1 . 3 2 2 . 4 0 . 0 0 . 0 1 . 4 1 . 9
3 1 .9 1 2 .2 2 4 .3 1 0 .7 1 4 .2 7 1 .3 1 3 .8 0 .0 3 1 .9 2
. C u r r e n t A s s e t s ( 3B 7 1 . +8 -B1 21 +9 B. 053 7) . 5 5 1 . 7 4 6 . 0 3 8 . 0 5 3 . 0 - 6 3 . 2 4 5 . 4 3 . 8 1 8 . 3 2 5 . 3 1 9 . 2 7 5 . 2 6 0 . 5 3 4 . 0 6 9 . 4
4 3 . 3 2 0 . 5 5 1 . 2 2 5 . 5 3 5 . 3 - 1 8 6 . 76 0 . 7 - 2 7 4 . 6- 8 . 0 5
. T o t a l a s s e t s ( B 4 4+ 4C . 12 ) 1 8 . 7 3 9 . 3 4 4 . 7 4 0 . 0 3 1 . 2 1 2 . 1 3 4 . 6 3 9 . 7 2 3 . 8 4 3 . 0 6 5 . 9 1 5 . 9 4 9 . 6 7 6 . 4 2 8 . 8 3 9 . 5
4 6 .1 2 6 .1 2 7 .2 6 4 .3 6 6 .7 2 8 .4 3 0 .2 4 0 .3 2 4 .2 8
1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0 6 3 . 3 1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0
1 0 0 . 01 0 0 . 0 7 3 . 1 1 0 0 . 0 7 8 . 9 1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0 0
. G r o s s p r o f it
1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0
1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0 0
. O v e r h e a d a n d O 1 t 0h e. 9r E2 1x p. 2e n1 s 3e .s3 7 . 2 1 7 . 9 - 0 . 3 4 . 3 1 1 . 2 1 2 . 1 9 4 . 9 0 . 7 8 . 6 5 . 9 1 3 . 8 1 6 . 4 2 . 7 9 . 1
1 8 .8 0 .4 3 .2 8 .2 1 3 .1 3 .6 9 .9 0 .7 2 .0 3
. N e t p r o f it b e f o r e9 4t a. x7 (8D8 5. 3- D9 60 ). 1 9 8 . 3 8 9 . 6 1 0 3 . 9 9 9 . 2 9 1 . 5 9 0 . 5 5 . 1 1 0 1 . 9 9 5 . 5 9 7 . 7 4 4 . 7 8 9 . 9 9 9 . 8 9 5 . 0
8 5 . 4 1 0 7 . 21 0 2 . 3 9 7 . 2 9 4 . 0 1 0 1 . 6 8 1 . 3 1 0 2 . 01 0 1 . 7 6
0 .8 6 9 .7 6 .1 3 .6 7 .8 - 4 .6 - 2 .0 1 0 .5 - 2 .0 3 .6 - 1 1 .9 6 .4 - 2 .8 6 .0 1 1 .2 - 7 .4 3 .0
7 .7 - 7 .0 - 9 .5 4 .2 5 .6 4 .6 - 1 .8 - 0 .7 - 3 .1 9
74
1
3
7
4
4
1
3
4
7
I n d u s tAr yS G A S A A S A N SA n s a r iB S F MS B S C S C S M D S M F S MF e c t oH aS bMib HA SD MMH W SH Mu s e in S J MD W S MK S MK o h in oMo rS SM M ir p uMr k irh z aa s NS SM M P S M S a k r a n d

. O r d in a r y S h a r e 9 C. 6a p 1it6a .l 1 4 . 5 4 . 7 4 . 9 2 3 . 0 7 . 8 2 9 . 4 8 . 1 0 . 0 5 . 8 1 4 . 2 9 . 3 2 9 . 2 1 2 . 6 2 3 . 8 1 8 . 2
4 .3 1 0 .6 5 .5 1 0 .6 4 .9 4 4 .6 9 .4 4 6 .3 2 8 .6 9
. S h a r e h o ld e r ' s E2 q5 u. 2it y- 5 ( 3A . 31 3+ 6A . 72 )2 9 . 8 4 3 . 2 - 0 . 3 3 0 . 2 - 2 1 7 . 82 5 . 5 1 0 . 9 1 2 . 8 2 9 . 2 1 . 3 8 9 . 7 6 4 . 5 3 9 . 0 4 5 . 2
1 7 . 8 1 0 . 0 3 3 . 8 2 9 . 8 3 4 . 2 - 2 0 1 . 26 0 . 4 - 2 4 7 .- 54 6 . 8 0
. T o t a l F ix e d L ia 1b 5ilit. 1 ie 0s . (0A 4 4 + . 3A 52 +3 A. 5 6 )9 . 4 3 8 . 3 1 3 . 8 0 . 0 3 4 . 8 6 . 7 9 . 5 0 . 0 1 9 . 9 0 . 0 0 . 0 0 . 0 3 . 7
2 3 .1 7 .1 2 0 .1 8 .1 1 0 .2 4 5 .5 8 .3 9 .4 2 2 .5 0
. C u r r e n t A s s e t s 4 ( 0B . 13 +- 5B 3 2. 3+ 4B 1 3. 0) 5 3 . 4 5 2 . 6 3 8 . 0 4 3 . 9 - 2 1 7 . 86 0 . 2 6 . 7 2 2 . 3 2 9 . 2 2 1 . 1 8 9 . 7 6 4 . 5 3 9 . 0 4 8 . 9
4 1 . 0 1 7 . 2 5 3 . 9 3 7 . 9 4 4 . 4 - 1 5 5 . 76 8 . 7 - 2 3 8 .- 12 4 . 3 0
. T o t a l a s s e t s ( B 4 0+ .C6 23 )7 . 1 3 3 . 5 3 7 . 7 3 8 . 8 3 1 . 2 1 1 . 3 3 2 . 1 2 8 . 8 1 5 . 3 4 1 . 8 6 4 . 8 1 1 . 7 4 7 . 6 7 8 . 1 2 6 . 1 4 3 . 4
5 4 .5 1 2 .5 1 8 .1 5 4 .2 5 5 .5 3 2 .2 2 3 .3 6 9 .4 2 6 .9 2
. G r o s s s a le s 1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0 6 9 . 8 1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0
1 0 0 . 01 0 0 . 0 6 6 . 2 1 0 0 . 0 6 5 . 8 1 0 0 . 01 0 0 . 01 0 0 . 10 0 0 . 0 0
. G r o s s p r o f it 1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 0
1 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 01 0 0 . 10 0 0 . 0 0
. O v e r h e a d a n d 1O 5 t .h3 e 2r 3E . x0 p 2e 3n .s 3e s1 8 . 9 1 6 . 1 - 0 . 3 - 4 . 6 - 1 5 6 . 6 9 . 3 9 7 . 2 0 . 8 7 . 9 4 . 9 1 2 . 0 1 8 . 8 1 8 . 8 3 . 4
2 5 .1 8 .0 1 3 .2 1 6 .5 1 8 .4 1 4 .4 1 2 .3 1 0 .8 3 .0 1
. N e t p r o f it b e f o 9r e0 .t 6a x8 1( D. 3 5 8- D0 . 69 ) 8 6 . 2 8 8 . 8 1 0 3 . 91 1 3 . 42 7 7 . 6 9 2 . 8 2 . 8 1 0 4 . 0 9 4 . 5 1 0 1 . 1 4 6 . 6 8 7 . 6 8 4 . 1 1 0 2 . 1
7 8 . 8 9 7 . 8 9 2 . 0 8 9 . 6 8 5 . 5 9 4 . 8 7 0 . 6 9 4 . 81 5 1 . 4 6
3 . 6 1 3 . 1 1 6 . 0 8 . 1 4 . 5 - 4 . 6 - 2 0 . 01 7 5 . 5 - 3 . 6 4 . 6 - 1 9 . 3 4 . 8 - 7 . 2 9 . 1 1 4 . 3 3 . 5 - 6 . 0
1 0 .0 2 .3 0 .4 1 0 .3 1 1 .9 2 5 .7 3 .0 4 8 .3 - 4 .7 5
75
Index Analysis w.r.t Indutry Average:

The above tables show index analysis of 25 companies in sugar industry while index analysis of industry average is also given in the
table and we have evaluated the performance of each company with respect to industry. We take each item of all 25 companies as a
percentage of each item of income statement of industry and each item of all 25 companies as a percentage of total assets of industry
balance sheet and we came to know that some companies are performing above average industry while some companies are performing
below average industry so the companies which are performing above average should come to the level to industry as they are using
more their resources while the companies which are performing below industry level they should come to the level of industry level.
Industry common size income statement and balance sheet is a bench mark for all 25 companies. The companies which are maintaining
assets and liabilities above industry average are wasting their resources instead of keeping above they can invest the same resource in
other projects to keep and maintain their resource according to industry level. Industry index analysis is a benchmark for index analysis
of all 25 companies in sugar sector.
76
77
Earning Management 2003
Industry
ASG
AS
AAS
ANS
Ansari SM
BFS
BS
CS
CSM
DSM
FSM
Fecto SM
Habib
ADM
HSM
HWSM
Husein SM
JDW SM
KSM
Kohinoor
SM
MSM
Mirpurkha
s
Mirza SM
NSM
PSM
Intercept
0.085465
0.085465
0.085465
0.085465
0.085465
0.085465
0.085465
0.085465
0.085465
0.085465
0.085465
0.085465
0.085465
0.085465
X1
-0.05677
0.005671
0.025039
-0.00219
-0.00879
0.003355
0.041987
-0.0009
-0.03485
-0.04338
0.061967
0.038958
-0.00087
-0.01015
0.085465
0.085465
0.085465
0.085465
0.085465
0.085465
X2
NDA
DA
ABS DA
-0.0993
-0.01134
-0.00613
-0.00243
0.003447
0.003159
0.001552
0.005238
-0.03126
-0.00265
-0.06689
0.001855
0.002367
-0.01
0.079797
0.104373
0.080839
0.080124
0.091979
0.129004
0.089804
0.019356
0.039438
0.080541
0.126278
0.086967
0.065321
0.005668
-0.01891
0.004626
0.005341
-0.00651
-0.04354
-0.00434
0.066109
0.046027
0.004924
-0.04081
-0.0015
0.020145
0.005668
0.018908
0.004626
0.005341
0.006513
0.043539
0.004339
0.066109
0.046027
0.004924
0.040813
0.001502
0.020145
-0.04176
-0.01105
-0.05193
0.009252
0.046865
-0.00304
-0.00742
0.003338
-0.0013
-0.0265
-0.06288
-0.00207
0.036288
0.07775
0.032243
0.068213
0.069452
0.080353
0.049178
0.007716
0.053223
0.017252
0.016013
0.005112
0.049178
0.007716
0.053223
0.017252
0.016013
0.005112
0.085465
0.085465
0.014847
0.007751
-0.00818
-0.00355
0.092131
0.089665
-0.00667
-0.0042
0.006666
0.0042
0.085465
0.085465
0.085465
0.009891
-0.00101
-0.01039
0.007798
-0.00249
0.002904
0.103155
0.08196
0.077984
-0.01769
0.003506
0.007481
0.01769
0.003506
0.007481
0.085465
0.085465
78
Industry
ASG
AS
AAS
ANS
Ansari SM
BFS
BS
CS
CSM
DSM
FSM
Fecto SM
Habib ADM
HSM
HWSM
Husein SM
Intercept
0.043445
0.04344
5
0.04344
5
0.04344
5
0.04344
5
0.04344
5
0.04344
5
0.04344
5
0.04344
5
0.04344
5
0.04344
5
0.04344
5
0.04344
5
0.04344
5
0.04344
5
0.04344
5
0.04344
5
0.04344
5
X1
-0.04088
X2
NDA
DA
ABS DA
-0.0613
-0.00371
-0.00954
0.030193
0.013253
0.013253
0.001043
0.000654
0.045143
-0.0017
0.001697
-0.01056
0.001485
0.034375
0.009071
0.009071
-0.00343
-0.0003
0.039718
0.003728
0.003728
0.00196
0.001744
0.047149
-0.0037
0.003704
-0.01513
-0.00038
0.02793
0.015515
0.015515
0.047856
-0.0032
0.088097
-0.04465
0.044652
0.022469
-0.02088
0.045036
-0.00159
0.00159
-0.00988
0.000536
0.034097
0.009348
0.009348
-0.01747
-0.00885
0.017129
0.026317
0.026317
-0.01111
0.001352
0.033686
0.009759
0.009759
-0.0088
0.001473
0.036118
0.007328
0.007328
-0.00252
0.000223
0.041151
0.002294
0.002294
-0.0191
0.000881
0.025226
0.018219
0.018219
0.007109
0.00135
0.051905
-0.00846
0.008459
0.001491
-0.01342
0.031516
0.01193
0.01193
0.003051
-0.03243
0.014069
0.029376
0.029376
79
JDW SM
KSM
Kohinoor SM
MSM
Mirpurkhas
Mirza SM
NSM
PSM
0.04344
5
0.04344
5
0.04344
5
0.04344
5
0.04344
5
0.04344
5
0.04344
5
0.04344
5
-0.03069
0.00306
0.015816
0.02763
0.02763
-0.0386
-0.00147
0.003381
0.040064
0.040064
-0.0149
0.000677
0.029225
0.01422
0.01422
-0.01329
9.29E-05
0.030247
0.013199
0.013199
0.013229
0.004561
0.061235
-0.01779
0.01779
-0.03465
-0.01915
-0.01035
0.0538
0.0538
0.030646
0.004148
0.078239
-0.03479
0.034794
0.009028
0.004906
0.05738
-0.01393
0.013935
Industry
ASG
AS
AAS
ANS
Ansari
SM
BFS
BS
CS
CSM
DSM
FSM
Fecto
SM
Habib
Intercept
0.031553
0.031553
0.031553
0.031553
0.031553
0.031553
X1
0.001721
0.000404
0.000107
-0.00049
0.00073
0.000873
X2
-0.00045
-4.6E-05
2.37E-06
-0.00033
1.18E-05
-3.5E-06
NDA
DA
ABS DA
0.031911
0.031662
0.030729
0.032294
0.032422
-0.00036
-0.00011
0.000824
-0.00074
-0.00087
0.000358
0.00011
0.000824
0.000741
0.00087
0.031553
0.031553
0.031553
0.031553
0.031553
0.031553
0.031553
0.001091
0.000255
0.000165
-0.00097
-0.00022
0.000733
0.002972
1.31E-05
-6.5E-05
1.81E-05
-0.00024
-2.5E-05
-7.8E-05
4.1E-06
0.032656
0.031742
0.031736
0.030348
0.03131
0.032208
0.034529
-0.0011
-0.00019
-0.00018
0.001205
0.000242
-0.00066
-0.00298
0.001104
0.00019
0.000183
0.001205
0.000242
0.000655
0.002976
0.031553
0.031553
-0.0005
0.000264
-8.3E-05
8.55E-06
0.03097
0.031825
0.000582
-0.00027
0.000582
0.000272
80
ADM
HSM
HWSM
Husein
SM
JDW SM
KSM
Kohinoo
r SM
MSM
Mirpurk
has
Mirza
SM
NSM
PSM
0.031553
0.031553
0.000844
-0.0006
9.49E-06
1.2E-05
0.032406
0.030967
-0.00085
0.000586
0.000853
0.000586
0.031553
0.031553
0.031553
-0.00054
0.001282
0.000398
-2.1E-05
-7.3E-05
7.2E-06
0.030996
0.032762
0.031958
0.000557
-0.00121
-0.00041
0.000557
0.00121
0.000405
0.031553
0.031553
-0.00103
0.002435
-0.0003
9.01E-06
0.030226
0.033997
0.001326
-0.00244
0.001326
0.002444
0.031553
0.001258
-6.7E-06
0.032804
-0.00125
0.001251
0.031553
0.031553
0.031553
0.001665
-0.00099
0.002408
2.68E-05
-0.00019
2.1E-05
0.033244
0.030373
0.033982
-0.00169
0.00118
-0.00243
0.001692
0.00118
0.002429
Industry
ASG
AS
AAS
ANS
Ansari
SM
BFS
BS
CS
CSM
DSM
FSM
Fecto SM
Intercept
0.042219
0.042219
0.042219
0.042219
0.042219
0.042219
X1
-0.01249
0.001501
-0.00022
0.003082
-0.00273
0.002353
X2
-0.05165
-0.00184
0.000892
0.000476
0.001206
-0.00137
NDA
DA
ABS DA
0.041882
0.042895
0.045777
0.040693
0.043203
0.000337
-0.00068
-0.00356
0.001526
-0.00098
0.000337
0.000676
0.003558
0.001526
0.000983
0.042219
0.042219
0.042219
0.042219
0.042219
0.042219
0.042219
0.042219
-0.00048
0.005868
-0.00063
-0.00224
-0.00193
0.003994
0.009087
-0.00031
0.001715
-0.00125
0.002884
-0.00215
0.00098
0.001185
-0.00249
0.002091
0.043459
0.046837
0.044475
0.037828
0.041265
0.047399
0.048816
0.044
-0.00124
-0.00462
-0.00226
0.004391
0.000954
-0.00518
-0.0066
-0.00178
0.001239
0.004618
0.002256
0.004391
0.000954
0.005179
0.006597
0.001781
81
Habib
ADM
HSM
HWSM
Husein
SM
JDW SM
KSM
Kohinoor
SM
MSM
Mirpurkh
as
Mirza SM
NSM
PSM
Sakrand
0.042219
0.042219
0.042219
-0.00314
0.006479
0.000687
-0.00682
-0.00135
-0.0003
0.032261
0.047353
0.042611
0.009958
-0.00513
-0.00039
0.009958
0.005134
0.000391
0.042219
0.042219
0.042219
-0.00609
0.001067
-0.00205
0.00105
-0.00097
0.001095
0.037183
0.042316
0.041265
0.005036
-9.7E-05
0.000955
0.005036
9.66E-05
0.000955
0.042219
0.042219
0.003631
0.012392
-0.00621
-0.00164
0.039643
0.052977
0.002577
-0.01076
0.002577
0.010757
0.042219
0.042219
0.042219
0.042219
0.042219
0.004361
0.002391
-0.00028
0.011613
-0.00277
-0.00368
0.003945
-0.00487
0.00406
0.001856
0.042905
0.048555
0.037073
0.057892
0.041304
-0.00069
-0.00634
0.005147
-0.01567
0.000915
0.000686
0.006336
0.005147
0.015673
0.000915
Industry
ASG
AS
AAS
ANS
Ansari SM
BFS
BS
CS
CSM
DSM
Intercept
0.03329
0.03329
0.03329
0.03329
0.03329
0.03329
0.03329
0.03329
0.03329
0.03329
0.03329
0.03329
X1
0.072665
-0.00734
-0.00173
0.011369
-0.06693
-0.01653
0
-0.05025
0.016515
-0.01044
-0.00207
-0.00466
X2
0.125725
0.014785
0.002984
0.006361
0.109867
0.03959
0
0.101829
-0.0011
0.0297
-0.00271
0.00115
NDA
DA
ABS DA
0.040735
0.03455
0.05102
0.076223
0.056351
0.03329
0.084872
0.048705
0.052546
0.028509
0.029781
-0.00744
-0.00126
-0.01773
-0.04293
-0.02306
0
-0.05158
-0.01541
-0.01926
0.004782
0.00351
0.007445
0.001259
0.01773
0.042933
0.02306
0
0.051582
0.015414
0.019255
0.004782
0.00351
82
FSM
Fecto SM
Habib ADM
HSM
HWSM
Husein SM
JDW SM
KSM
Kohinoor SM
MSM
Mirpurkhas
Mirza SM
NSM
PSM
Sakrand
0.03329
0.03329
0.03329
0.03329
0.03329
0.03329
0.03329
0.03329
0.03329
0.03329
0.03329
0.03329
0.03329
0.03329
0.03329
0.004996
0.008736
-0.00264
0.003384
-0.00257
0.010341
-0.00522
-0.02104
-0.00075
0.015756
0.006837
0.023971
0.004362
0.011582
0.010375
0.002024
-0.00391
0.01335
0.004721
0.007449
0.003585
0.019617
0.03739
0.003542
0.000905
0.002366
-0.00784
-0.00649
-0.00566
-0.00606
0.040311
0.038117
0.044001
0.041396
0.038168
0.047216
0.047684
0.049645
0.036082
0.049951
0.042493
0.049424
0.031163
0.039213
0.037604
-0.00702
-0.00483
-0.01071
-0.00811
-0.00488
-0.01393
-0.01439
-0.01635
-0.00279
-0.01666
-0.0092
-0.01613
0.002127
-0.00592
-0.00431
0.00702
0.004826
0.010711
0.008105
0.004878
0.013926
0.014393
0.016354
0.002792
0.016661
0.009203
0.016134
0.002127
0.005923
0.004313
Industry
ASG
AS
AAS
ANS
Ansari
SM
BFS
BS
CS
CSM
DSM
Intercept
0.101911
0.101911
0.101911
0.101911
0.101911
0.101911
X1
-0.10497
0.005454
0.038238
-0.00547
-0.02792
-0.02893
X2
-0.24492
-0.00177
-0.00893
-0.00085
-0.00151
-0.00041
NDA
DA
ABS DA
0.105594
0.131221
0.095589
0.072476
0.072572
-0.00368
-0.02931
0.006321
0.029434
0.029339
0.003683
0.029311
0.006321
0.029434
0.029339
0.101911
0.101911
0.101911
0.101911
0.101911
0.101911
0
0.055019
0.065258
-0.03046
0.034233
0.053502
0
0.001015
0.001547
0.001111
0.00041
0.000865
0.101911
0.157945
0.168716
0.07256
0.136554
0.156277
0
-0.05603
-0.06681
0.029351
-0.03464
-0.05437
0
0.056034
0.066805
0.029351
0.034643
0.054366
83
FSM
Fecto SM
Habib
ADM
HSM
HWSM
Husein
SM
JDW SM
KSM
Kohinoor
SM
MSM
Mirpurkh
as
Mirza SM
NSM
PSM
Sakrand
0.101911
0.101911
-0.04829
0.053923
-0.00037
-0.00203
0.053252
0.153801
0.048659
-0.05189
0.048659
0.05189
0.101911
0.101911
0.101911
0.010879
-0.00157
0.014707
-0.00054
-0.00032
0.000972
0.112251
0.100022
0.11759
-0.01034
0.001888
-0.01568
0.01034
0.001888
0.015679
0.101911
0.101911
0.101911
0.07906
0.020431
-0.00972
-0.00073
-0.00127
-0.00367
0.180235
0.12107
0.088523
-0.07832
-0.01916
0.013387
0.078325
0.019159
0.013387
0.101911
0.101911
-0.01075
-0.07581
-0.0008
-0.00179
0.090355
0.024311
0.011556
0.0776
0.011556
0.0776
0.101911
0.101911
0.101911
0.101911
0.101911
-0.04242
0.025851
0.009436
0.108522
-0.01361
-0.00328
0.000531
0.001574
0.007648
0.001146
0.056203
0.128293
0.11292
0.21808
0.089447
0.045707
-0.02638
-0.01101
-0.11617
0.012464
0.045707
0.026383
0.011009
0.11617
0.012464
Interpretation of Earning Management:

All the above tables show earning management of companies in sugar sector. All the companies whose Discretionary Accruals are above
zero or below zero are managing their earnings while companies whose Discretionary Accruals are equal to zero are not managing their
84
earnings. The tables show the detail information about earning management of all 25 companies. Like the discretionary accruals of ansari
and PSM are not their earnings.
85
86
Z Score Model for 2003

T
Asset
s
T
Fixed
A
C
Assets
SH
Equit
y
34308.
9
23,64
1.
10,667
.9
6,828.
4
489.2
292.7
196.5
AAS
1522.4
931.
591.4
91.1
ANS
2180.1
1,445.
8
734.3
Ansari
SM
1109.5
830.4
382.7
BS
Long
Term
Liab
No of
Share
s
MV of
Equity
120
10000
0
12000
0
15000
0
100000
00
180000
00
180000
00
#DIV/0!
316.99
84
-3.9
75
50000
375000
0
34.206
17
556.8
-975.8
60
27.
257.
8
124.
1
-222.4
-296.7
78
25000
00
17000
00
1.5E+08
1.33E+0
8
789.93
22
1890.0
82
-73.7
24
105
-713.6
-790.2
110
59.4
203.
124.
3
244.9
22.4
80
225.
-483.8
65
105.8
-1235.8
73
-67.7
-201.8
50
347.4
5.7
105.
5
-45.9
-1075.6
100
984.4
9.6
124.6
782.2
120
C Liab
Sales
20,658
.6
36,542
.7
-15.2
375.8
822.3
1,327.
4
489.4
255.1
738.2
1,480.
8
279.1
742.5
289.7
1,254.
9
1,145.
9
215.9
166.8
21.7
196.9
463.5
744.
482
241.
241.0
20.8
63.6
679.4
CS
1014.4
704.2
310.2
-626.4
26.1
217.
1,100.
4
CSM
1027.7
600.2
436.2
432.3
577.8
DSM
2318
427.5
2,271.
6
46.4
415.
350.4
530.2
682.
1,202.
1
1,811.
5
FSM
709.9
474.9
235.0
288.4
65.4
1,470.
8
1,621.
5
Fecto SM
Habib
ADM
1501.3
1,153.
348.3
57.8
-304.2
861.5
425.8
236.7
189.1
4.4
562
550.1
1,264.
7
HSM
1570.1
686.6
883.5
324.6
-35.3
101.3
Industry
AS
BFS
8724.1
0
EBI
T
R/Earnin
gs
Working
Capital
MP
S
456.
8
1,782.8
-9990.7
100
196.5
150
33.5
215.6
315.8
51.2
10.8
124.
7
117.
2
105000
00
132000
00
Z
Score
Model
4.2556
32
10000
0
12000
0
15000
00
50000
0
1.2E+08
325000
00
320.74
38
79.827
7
1371.8
91
405.34
1
15000
0
25000
0
17000
0
12000
0
109500
00
125000
00
170000
00
144000
00
51.393
78
150.54
39
89.508
11
938.83
7
87
HWSM
Husein
SM
1788.3
JDW SM
1,031.
4
1,581.
3
756.9
841.6
231.7
354.7
596.7
512.5
1247.6
218.3
1,184.
2
728.6
1,032.
7
63.4
276.9
225.7
296.1
1,926.
573
705.9
KSM
Kohinoor
SM
595
904.4
-309.4
394.6
164.6
469.
58.5
880.4
669.4
211.0
-230.2
201.5
274.4
34.1
MSM
684.9
421.3
263.6
473.8
130.7
288.8
895.1
Mirpurkh
as
641.3
309.6
331.7
289.
85.2
395.9
634.
Mirza SM
412.6
320.3
92.3
63.
0.1
355.4
493.6
NSM
777.9
467.
310.9
-522.4
686.2
281.2
186.2
PSM
306.8
216.8
90.0
636.7
15.2
121.9
434.5
Sakrand
910.8
780.2
130.6
-455.7
155.4
734.9
869.
90
50000
25000
00
17000
00
10000
0
12000
0
3E+08
1.36E+0
8
880000
0
108000
00
177.53
05
45.970
2
6688.4
73
1913.9
43
211.69
53
248.12
25
-64.2
20
75000
150000
0
25.989
26
-.9
-263.1
50
-663.4
29.7
45
585.
-31.9
60
-564.2
-604.3
60
10000
0
25000
0
12000
0
12000
0
500000
0
112500
00
720000
0
720000
0
94.032
39
264.28
02
391.25
95
65.595
05
82.
172.
5
679.6
28.3
130
272.7
-678
140
23.8
63.8
166.9
-232.7
120
188.8
-778.4
80
50.3
99.3
148.
5
102.
2
132.
5
79.2
91.7
-390.4
-63.4
88
378.9
-25.2
190.6
15000
0
195000
00
700000
0
88
Industry
AS
AAS
ANS
Ansari SM
BFS
BS
CS
CSM
DSM
FSM
Fecto SM
Habib ADM
HSM
HWSM
Husein SM
JDW SM
KSM
Kohinoor
SM
MSM
Mirpurkhas
Mirza SM
NSM
PSM
Sakrand
T
Assets
T Fixed
A
C
Assets
SH
Equity
41,981.2
618.9
1,804.3
2,105.5
1,142.6
656.3
453.4
996.8
1,316.2
4,284.5
802.6
1,672.7
495.2
1,809.6
1,529.8
487.8
2,502.1
987.6
19711.2
262.4
893.6
1521.7
865.8
221.9
266.5
383.9
400
705.4
488.2
1188.9
193.7
568.9
1091.7
210.8
850.2
526.5
14597.7
226.8
628.8
658.4
243.7
160.8
215.5
630.5
627.7
1612.6
221.7
312.4
232.1
1001.2
696.6
362.2
397.4
68.5
8,977.3
121.1
635.3
825.
-74.2
-20.1
-626.6
457.3
470.1
1,065.3
112.3
-67.8
335.3
1,067.1
636.3
329.2
584.5
Long
Term
Liab
10103.8
0
45
221.1
281.3
605.4
185.6
214.9
263.9
83
774.1
78
578.2
0
0
188.6
0.7
952.3
903.2
950.6
989.5
651
364.7
286.6
229.4
320.2
354.7
128.9
502.4
225.8
407.2
853.8
307.4
910.8
352.8
447.4
225.8
780.2
59.8
330.5
81
130.6
162.1
-649.3
659.4
-540.1
Working
Capital
MPS
No of
Shares
MV of
Equity
Z Score
Model
63.5
461.7
639.3
-318.3
-114.6
-713.8
266.
280.1
882.7
-13.2
-118.1
135.3
905.1
312.3
219.2
378.7
-8302.3
226.8
176
-289.6
-755.3
-450.6
-275.1
-234.6
352
849.6
-2223.4
-299.8
-930.2
841.3
-45.8
-342.8
239.6
-896.8
100
150
120
75
60
78
105
110
80
65
73
50
100
120
130
140
120
80
100000
120000
150000
50000
2500000
1700000
100000
120000
1500000
500000
150000
250000
170000
120000
150000
50000
2500000
1700000
10000000
18000000
18000000
3750000
1.5E+08
1.33E+08
10500000
13200000
1.2E+08
32500000
10950000
12500000
17000000
14400000
19500000
7000000
3E+08
1.36E+08
3.763443
#DIV/0!
263.1611
26.93532
991.902
1432.08
142.7005
102.3195
2874.219
281.331
30.93959
135.2627
97.44858
595.6248
174.5848
68.06814
12548.36
929.8046
-31.3
407.5
127.4
-156.4
-45
-265.3
88
90
20
100000
120000
75000
8800000
10800000
1500000
150.653
195.9999
16.54056
98.2
-790.3
607.7
-648.6
-546.5
-153
-96.1
-716.9
50
45
60
60
100000
250000
120000
120000
5000000
11250000
7200000
7200000
55.3612
153.8144
269.9035
57.0018
C Liab
Sales
EBIT
R/Earnings
22,900.
674.2
43.6
211.3
16.
-92.9
-57.6
-25.3
33.2
-49.8
71.9
62.2
-80.8
18.4
178.8
22.7
83.3
271.3
-85.1
3,974.8
452.8
948.
999.
611.4
490.6
865.1
275.7
763.
2,445.1
612.2
1,162.3
159.9
742.4
705.
157.8
965.3
37,058.8
637.7
1,423.4
1,741.
1,045.2
456.1
661.5
1,622.5
2,011.7
857.7
1,123.
848.4
466.2
2,252.3
1,867.8
1,235.4
2,057.5
-52.8
473
35.6
104.8
385.8
365.2
620.
99.5
773.3
569.8
221.2
573.1
17.4
0
606.3
483.5
177.1
847.5
389.5
219.6
481.4
869.
32.8
30.4
-31.
125.2
125.3
-73.
-75.4
89
54,817.
7
T
Fixed
A
30,175.
3
AS
550.5
396.1
154.4
-669.6
109.7
1,110.5
75.4
-10.2
-816.3
-956.1
150
120000
AAS
633.3
286.1
347.2
140.
32.9
460.3
615.3
23.
82.4
-113.1
120
150000
ANS
Ansari
SM
1,681.3
887.3
794.0
736.3
944.9
1,845.7
70.5
562.7
-150.9
75
2,193.8
1,456.1
737.7
824.2
225.3
1,144.3
1,927.9
100.
638.5
-406.6
60
BFS
1,019.8
797.9
221.9
-29.6
487.3
562.2
957.9
-35.7
-273.7
-340.3
78
50000
250000
0
170000
0
BS
832.6
220.
612.6
-9.2
194.3
647.5
703.2
12.8
-103.7
-34.9
105
100000
CS
449.7
264.7
185.0
-701.5
594.9
556.2
154.3
-36.3
-788.7
-371.2
110
CSM
1,441.6
1,043.7
397.9
535.1
375.9
530.7
1,414.
138.1
343.8
-132.8
80
120000
150000
0
DSM
1,170.7
416.
754.7
537.2
51.6
581.7
2,318.5
101.7
347.2
173
65
500000
FSM
6,605.9
2,890.
3,715.9
1,340.7
876.6
4,388.5
3,307.4
57.6
975.6
-672.6
73
150000
856.6
457.2
399.4
197.7
54
605.
1,323.5
35.4
9.4
-205.6
50
250000
1,563.8
1,112.8
451.0
-29.1
515.2
1,077.8
1,168.4
33.9
-79.4
-626.8
100
170000
479.
234.9
244.1
359.2
119.7
494.9
27.
159.2
124.4
120
120000
HWSM
Husein
SM
2,019.3
660.6
1,358.7
884.5
1,134.6
3,072.
207.4
722.5
224.1
130
150000
1,275.1
997.7
277.4
695.5
83
496.5
1,568.
135.5
371.5
-219.1
140
JDW SM
KSM
644.1
3,634.9
325.1
2,507.8
319.0
1,127.1
422.5
977.4
36.6
1399.1
184.9
1,258.5
1,324.4
3,194.3
167.7
365.3
312.5
751.1
134.1
-131.4
120
80
50000
250000
0
170000
T
Assets
Industry
Fecto SM
Habib
ADM
HSM
C Liab
Sales
EBIT
13,030.
2
Long
Term
Liab
11090.
1
30,697.
3
47,405.
3
C
Assets
SH
Equity
24,642.
4
R/Earning
s
Workin
g
Capital
MP
S
No of
Shares
2,528.
8
7,137.4
-6054.9
100
100000
MV of
Equity
Z Score
Model
1000000
0
1800000
0
1800000
0
3.01596
2
107.073
5
3750000
1.5E+08
1.33E+0
8
1050000
0
1320000
0
1.2E+08
3250000
0
1095000
0
1250000
0
1700000
0
1440000
0
1950000
0
7000000
3E+08
1.36E+0
259.064
27.2949
2
866.039
1557.6
107.869
156.94
1493.35
4
370.734
16.9693
5
137.905
8
104.842
5
795.026
8
114.961
6
94.2853
6
10710.5
6
714.113
90
Kohinoor
SM
981.6
855.1
126.5
75.6
409.5
496.5
639.5
-51.6
-84.6
-370
88
100000
MSM
Mirpurkha
s
919.3
691.
228.3
544.3
104.9
270.2
974.1
84.8
449.4
-41.9
90
120000
8800000
1080000
0
824.5
410.8
413.7
165.9
72.9
585.6
1,109.3
4.7
67.5
-171.9
20
75000
1500000
Mirza SM
940.4
308.1
632.3
291.8
217.3
431.2
890.1
101.9
227.9
201.1
50
100000
456.
1,318.4
290.
733.7
166.0
584.7
-608.8
1,035.3
424.7
13.3
640.1
269.8
227.4
1,210.2
-111.8
153.4
-749.8
921.5
-474.1
314.9
45
60
250000
120000
5000000
1125000
0
7200000
402.
196.
206.0
-694.4
178
918.3
230.1
-79.6
-802.9
-712.3
60
120000
7200000
NSM
PSM
Sakrand
7
117.622
2
264.872
5
18.2486
5
77.4857
1
116.452
1
177.064
52.2638
5
91

T
Asset
s
64,560
.5
T
Fixed
A
35,747
.7
C
Asset
s
28,812
.8
393.2
BFS
509.7
1,160.
7
1,678.
4
2,073.
7
1,147.
3
BS
CS
SH
Equity
Long
Term
Liab
R/Earnin
gs
Workin
g
Capital
MP
S
1,503
.8
9,513.1
-7681.1
100
106.8
-33.2
-842.4
-1088.9
150
41.8
589.4
-88
120
31.6
478.7
-97.6
75
182.1
737.3
-404.8
60
135.
-167.8
-243.6
78
C Liab
Sales
EBIT
65,845
.3
15,719
.6
12347.1
116.5
-695.7
36,493
.9
1,205.
4
753.5
407.2
647.
18.4
495.2
843.1
835.3
652.3
93.2
1,473.
600.7
923.
145
932.9
1,005.
5
768.3
379.0
76.3
448.5
622.6
901.8
2,514.
3
3,058.
1
1,574.
7
805.9
341.1
464.8
84.3
134.9
586.8
947.8
-20.8
-10.2
-122
105
377.9
2,420.
8
1,169.
9
7,026.
6
1,032.
9
1,906.
6
246.6
1,801.
4
131.3
-734.4
407.5
704.7
-32.5
-821.6
-573.4
110
619.4
485.
1248.5
687.4
-58.3
293.7
-68
80
481.6
4,031.
1
688.3
2,995.
5
385.2
1,939.
2
118.2
666.5
4,472.
7
179.4
1,360.
8
2,236.
5
7,262.
9
-26.7
171.4
21.8
65
131.
1,574.1
-1477.2
73
449.4
1,400.
2
583.5
280.1
60.8
91.8
-108.6
50
105.1
372
2,795.
1,001.
8
181.4
506.4
692.1
1,429.
6
-92.6
54.8
-923.2
100
225.8
372.5
1,563.
1
109.1
172.5
146.6
120
832.6
260.6
1,347.1
945.1
130
963.6
571.6
536.3
33.2
965.9
-108.
212.3
-394.3
140
JDW SM
KSM
816.6
5,178.
354.5
3,094.
462.1
2,084.
404.5
1,175.
28.5
2332.6
383.6
1,670.
559.2
4,019.
3
1,091.
1
1,153.
2
6,489.
37.4
618.
255.7
1,777.
7
HWSM
Husein
SM
481.5
2,395.
7
1,535.
2
25.1
287.1
283.5
915.4
78.5
413.9
120
80
Industry
AS
AAS
ANS
Ansari
SM
CSM
DSM
FSM
Fecto
SM
Habib
ADM
HSM
614.8
No of
Share
s
10000
0
12000
0
15000
0
50000
25000
00
17000
00
10000
0
12000
0
15000
00
50000
0
15000
0
25000
0
17000
0
12000
0
15000
0
50000
25000
00
17000
MV of
Equity
100000
00
180000
00
180000
00
375000
0
1.5E+0
8
1.33E+
08
105000
00
132000
00
1.2E+0
8
325000
00
109500
00
125000
00
170000
00
144000
00
195000
00
700000
0
3E+08
1.36E+
Z
Score
Model
2.8288
06
98.714
9
240.68
66
28.030
63
986.06
35
1407.0
24
119.27
02
124.04
98
1152.7
3
323.74
18
17.191
85
121.91
15
79.001
39
872.29
88
156.26
83
48.537
58
5163.0
45
538.61
92
839.4
1,303.
2
165.5
43.1
393.3
394.3
Mirza SM
805.5
1,067.
9
NSM
307.7
PSM
Kohinoo
r SM
MSM
Mirpurkh
as
Sakrand
9
1,004.
9
1,696.
5
329.2
632.5
772.2
338.4
585.8
411.2
229.8
49.8
525.9
322.1
745.8
403.8
114.9
549.3
850.7
1,037.
9
2,259.
6
1,591.
4
44.9
-781.5
357.9
731.4
1,877.
262.8
1,284.
5
592.5
992.5
431.1
215.
177.2
37.8
-653.9
87.7
-18.5
-117.1
-467
88
36.9
677.3
-192.5
90
98.9
131.4
-114.7
20
211.6
339.9
196.5
50
-17.8
-922.5
-686.5
45
453.4
641.3
1,001.
1
80.9
878.7
139.1
60
781.2
773.8
12.8
-762.4
-743.4
60
00
10000
0
12000
0
75000
10000
0
25000
0
12000
0
12000
0
08
880000
0
108000
00
150000
0
500000
0
112500
00
720000
0
720000
0
35
92.663
98
122.29
59
21.631
91
61.578
39
103.52
91
105.34
98
64.335
79
93
Industry
AS
T
Assets
T
Fixed
A
C
Assets
SH
Equity
Long
Term
Liab
70,646
.2
38,045
.3
32,600
.9
17,219
.4
13075.1
41,571
.1
459.1
384.4
74.7
-579.
1,179.
742.8
397.4
444.4
23.8
710.5
803.9
659.3
18.6
1,528.
810.1
869.8
1,472.
1
395.8
719.5
1,074.
6
730.2
330.9
-2.9
406.3
657.7
C Liab
Sale
s
EBI
T
581.
7
26.1
172.
7
173.
3
581.
7
26.1
172.
7
173.
3
39.7
72.4
139.
2
41.7
377.
5
BFS
1,140.
2
1,463.
2
2,338.
1
1,061.
1
BS
953.1
360.6
592.5
472.6
148.8
873.9
CS
331.3
225.5
105.8
-746.3
697.6
410.9
1,902.
1,558.
4
1,117.
6
949.5
2,382.
8
39.7
72.4
139.
2
41.7
377.
5
992.5
3,199.
1
358.5
81.7
963.2
256.4
752.5
5,168.
1
16.4
352.
16.4
352.
19.8
215.
9
103.
4
256.
3
19.8
215.
9
103.
4
256.
3
AAS
ANS
Ansari
SM
DSM
3,460.
4
1,451.
9
FSM
7,069.
459.4
3,869.
9
Fecto SM
1,037.
499.2
537.8
362.4
95
693.8
Habib
ADM
1,845.
7
1,323.
522.7
-48.2
264.3
1,593.
9
HSM
509.4
2,939.
4
289.4
220.0
2,259.
0
512.5
2,030.
5
62.3
959.8
CSM
HWSM
680.4
Workin
g
Capital
MP
S
No of
Share
s
MV of
Equity
Z
Score
Model
9,057.
-8970.2
100
150
10000
0
12000
0
100000
00
180000
00
1.5794
15
100.64
94
-866.5
-1104.3
348.3
-313.1
120
15000
0
551.3
-60.2
75
180000
00
375000
0
681.9
-264.5
60
-247.
-326.8
78
-164.
-281.4
105
-864.3
-305.1
110
-63.3
-824.4
80
403.9
240
65
1,279.3
-1969
73
59.9
-156
50
-158.4
-1071.2
100
247.1
157.7
120
1,691.7
1299.2
130
R/Earnin
gs
50000
25000
00
17000
00
1.5E+08
1.33E+0
8
167.05
09
34.525
9
921.29
33
1330.5
6
10000
0
12000
0
105000
00
132000
00
79.143
02
211.84
49
15000
00
50000
0
15000
0
25000
0
1.2E+08
325000
00
109500
00
125000
00
332.26
64
285.06
74
13.931
67
118.92
91
17000
0
12000
0
15000
0
170000
00
144000
00
195000
00
70.264
49
1525.7
42
134.19
38
94
Husein
SM
1,145.
5
1,571.
972.4
598.6
488.3
743.4
7,243.
4
337.9
3,191.
9
405.5
4,051.
5
400.6
9.7
921.1
2414.3
367.4
3,620.
4
931.9
818.1
113.8
122.6
615.3
335.
1,859.
5
1,507.
1
352.4
577.3
468.6
769.
763.7
1,004.
3
419.8
343.9
175.8
152.2
493.
398.1
606.2
264.4
31.8
613.4
239.3
1,461.
5
52.6
-796.6
319.3
802.6
PSM
291.9
2,163.
6
702.1
908.
361.2
823.7
Sakrand
217.7
160.3
57.4
-691.9
22.2
882.
JDW SM
KSM
Kohinoor
SM
MSM
Mirpurkh
as
Mirza SM
NSM
135.
7
70.2
135.
7
70.2
58.5
57.3
137.
2
110.
5
50.6
44.7
58.5
57.3
137.
2
110.
5
50.6
44.7
-61.
30.2
-61.
30.2
88
50000
25000
00
17000
00
10000
0
3E+08
1.36E+0
8
880000
0
40.239
32
5389.1
29
247.93
92
173.30
41
-416.6
90
12000
0
108000
00
92.616
83
20.
-149.1
20
295.1
-7.2
50
-971.
-750
45
842.3
-121.6
60
-795.1
-824.6
60
75000
10000
0
25000
0
12000
0
12000
0
150000
0
500000
0
112500
00
720000
0
720000
0
19.929
84
53.750
53
92.276
4
57.666
59
53.637
8
101.5
-546.9
140
245.3
38.1
120
893.3
431.1
80
-178.6
-221.2
512.7
700000
0
95

T
Asset
s
82,879
.1
T
Fixed
A
46,354
.7
C
Asset
s
36,524
.4
486.4
1,318.
3
3,768.
6
3,775.
8
1,061.
1
1,288.
3
395.3
91.1
800.5
2,082.
8
2,264.
4
517.8
1,685.
8
1,511.
4
730.2
1,132.
7
340.3
4,508.
5
1,300.
8
222.6
2,719.
6
117.7
1,788.
9
428.1
6,897.
5
1,510.
9
1,505.
7
HWSM
Husein
SM
681.7
3,354.
4
1,497.
1
790.8
1,065.
5
JDW SM
593.1
359.1
Industry
AS
AAS
ANS
Ansari
SM
BFS
BS
CS
CSM
DSM
FSM
Fecto SM
Habib
ADM
HSM
SH
Equit
y
16,00
0.
719.8
Long
Term
Liab
C Liab
Sales
14119.2
41,571
.1
77,215
.6
1,179.
405.9
313.9
710.5
724.9
1078.3
867.6
265.8
719.5
1,074.
6
330.9
-2.9
406.3
657.7
155.6
-69.5
777.1
210.6
873.9
198.9
1,042.
3
2,931.
1
3,145.
2
1,580.
3
1,308.
4
531.3
128.
928.3
410.9
2,382.
8
872.7
617.7
49.1
752.5
3,934.
6
2,962.
9
1,644.
4
299
5,168.
1
515.9
1,265.
6
995.0
248.2
19.6
240.1
-12.5
337.5
693.8
1,593.
9
343.5
338.2
2,563.
6
447.1
1,979.
7
62.3
431.6
425.5
20.3
959.8
1,145.
5
234.0
366.3
11
367.4
291.2
2,858.
9
2,544.
9
6,200.
5
1,691.
1
1,854.
4
1,187.
5
4,490.
4
1,324.
2
1,897.
5
R/Earnin
gs
Workin
g
Capital
MP
S
9,885.1
-5046.7
100
-725.7
-1087.9
150
386.8
-192.7
120
696.2
966.3
75
1,286.4
436.8
60
-247.
-326.8
78
378.1
-718.3
105
30.7
57.3
56.3
740.
7
107.
8
51.4
-833.5
-293.2
110
830.7
-593.9
80
144.7
120.2
65
598.1
-2205.2
73
145.9
301.2
50
-194.1
-1353.8
100
139.
503.
6
98.2
312.5
275.9
120
1,670.5
1603.8
130
164.3
-713.9
140
56.8
279.6
-133.4
120
EBI
T
591.
2
138.
6
63.4
104.
3
244.
2
72.4
26.2
No of
Share
s
10000
0
12000
0
15000
0
50000
25000
00
17000
00
10000
0
12000
0
15000
00
50000
0
15000
0
25000
0
17000
0
12000
0
15000
0
50000
25000
00
MV of
Equity
100000
00
180000
00
180000
00
375000
0
1.5E+0
8
1.33E+
08
105000
00
132000
00
1.2E+0
8
325000
00
109500
00
125000
00
170000
00
144000
00
195000
00
700000
0
3E+08
Z
Score
Model
2.5195
5
101.13
35
168
35.182
46
922.11
35
1332.1
16
80.311
02
212.83
56
333.01
61
287.00
55
14.875
75
120.03
46
71.610
01
1527.2
8
135.44
54
41.209
01
5392.4
25
96
KSM
Kohinoor
SM
MSM
Mirpurkh
as
Mirza SM
NSM
PSM
Sakrand
4,322.
3
1,095.
3
1,559.
5
3,695.
7
1,208.
7
2553.9
3,620.
4
8,718.
1
385.9
-18.4
180.7
335.
582.7
621.8
520.1
769.
425.3
766.3
118.4
127.5
493.
417.
835.4
359.
177.8
613.4
716.3
1,089.
2
1,439.
3
1,128.
8
308.8
1,934.
4
221.1
1,349.
8
87.7
-830.
220.2
802.6
584.6
266.9
252.
150.5
101.5
978.8
686.6
8,018.
1,481.
2
2,142.
2
1,191.
6
1,252.
4
668.
2
49.9
104.
539.8
75.3
80
-37.6
50.9
88
468.2
-186.3
90
60.6
77.4
273.3
20
62.8
200.5
222
50
33.4
42.8
-937.6
-714.9
45
823.7
732.3
2,011.
7
757.8
-239.1
60
882.
731.4
-5.3
-800.4
-780.5
60
17000
00
10000
0
12000
0
75000
10000
0
25000
0
12000
0
12000
0
1.36E+
08
880000
0
108000
00
150000
0
500000
0
112500
00
720000
0
720000
0
249.01
84
173.85
52
93.200
16
21.293
14
54.704
93
94.814
18
58.733
1
56.694
7
97
Cutoff point:
To find actual cutoff point the following procedure will be followed
1. Take Z- Score values of any two companies which have got negative equity and take the average.
2. Take another two Z- Score values of positive equity add and then take average of these.
3. Now both the averages will be added and their average is taken that average is known as cutoff point.
In the above data we calculated cutoff point that is 597.63(from companies AS and BFS with negative equity and AAS and ANS having
positive equity.
So here the benchmark is 597.63 for all companies related to sugar industry because every industry have their own cutoff point so the
companies whose Z-Score is below 597.63 is under financial distress and this is the indicator to improve in future otherwise it will go in
bankruptcy.
While the companies whose Z- Score is above or equal to 597.63 are quite satisfactory and they are not facing financial distress.
98
Conclusion:
At the end we may conclude that over all sugar industry of Pakistan is playing a vital role in the economy of
Pakistan because this industry gets subsidies from government of Pakistan but JDW SM is performing very well in
all sugar industry. But as an analyst we dont suggest investors to invest in sugar sector. All new businessmen are
suggested that they should not invest heavily in sugar sector as according to analysis it is a risky sector.
99

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SYED SABTAIN NAQI

COMMON SIZE ANALYSIS.....

OBJECTIVES OF THE PROJECT

SIGNIFICANCE OF THE PROJECT

THE SELECTED INDUSTRY

WHAT ARE THE RATIOS?

Long term debt to Capital Employed

LT debt/(Sh. Holder Equity + LT debt)

COMMON SIZE ANALYSIS

RESULTS AND DISCUSSION

Sugar Sector whole

Adam Sugar Mills Ltd.

Al-Abbas Sugar Mills Ltd.

Al-Asif Sugar Mills Ltd.

Al-Noor Sugar Mills Ltd.

Ansari Sugar Mills Ltd.

Baba Farid Sugar Mills Ltd.

Bawany Sugar Mills Ltd.

Chashma Sugar Mills Ltd.

Crescent Sugar Mills And Distillery Ltd.

Dewan Sugar Mills Ltd.

Faran Sugar Mills Ltd.

Fecto Sugar Mills Ltd.

Habib - ADM Ltd.( Habib Arkady LTD.)

Habib Sugar Mills Ltd.

Haseeb Waqas Sugar Mills Ltd.

Husein Sugar Mills Ltd.

JDW Sugar Mills Ltd.

Khairpur Sugar Mills Ltd.

Kohinoor Sugar Mills Ltd.

Mehran Sugar Mills Ltd.

Mirpurkhas Sugar Mills Ltd.

Mirza Sugar Mills Ltd.

Noon Sugar Mills Ltd.

Pangrio Sugar Mills Ltd.

Sakrand Sugar Mills Ltd.

Company Ratio Analysis w.r.t Industry:

Com m on size A nalysis

A b d u lla h S h a h G h a z i S u g a r M ills L td .(A l-A s if S u g a r M ills L td .)

Common Size Analysis w.r.t Indutry Average:

MW S KM S K M o h i nM o oS Mr M S i rMp Mu r irk zh aNa sSS MMP S MS a k r a n d

I n d u s At r yS G A S A A S A N AS n s a r Bi SF MS B S C S C S M D S M F S MF e c t Ho aS b Mi b H A S DMHM W HS Mu s e i n JS DM W S MK S KM o h i n Mo o Sr MS Mir p Mu r kir hz a Ns S SM M P S MS a k r a n d

SA n s a r iB S F MS B S C S C S M D S M F S MF e c t oH aS bMib HA SD MMH W SH Mu s e in SJ MD W S MK S MK o h in oMo rS SM M ir p uMr k irh zaa s NS SM M P S M S a k r a n d

I n d u s tAr y S G A S A A S A N SA n s a r i BS FMS B S C S C S M D S M F S M F e c t oH Sa bMib HA SD MMH W SH Mu s e in S J MD W S M K S MK o h in o Mo rS SMMM ir p uMr k irh za as NS MS M P S M S a k r a n d

I n d u s tAr yS G A S A A S A N SA n s a r iB S FMS B S C S C S M D S M F S MF e c t oH aS bMib HA SD MMH W SH Mu s e in S J MD W S M K S MK o h in oMo rS SMM M ir p uMr k irh za a s NS SM M P S M S a k r a n d

I n d u s tAr y S G A S A A S A N SA n s a r i BS FMS B S C S C S M D S M F S M F e c t oH Sa bM ib HA SD MMH W SH Mu s e in S J MD W S M K S MK o h in o Mo rS SMMM ir p uMr k irh za as NS MS M P S M S a k r a n d

I n d u s tAr yS G A S A A S A N SA n s a r iB S F MS B S C S C S M D S M F S MF e c t oH aS bMib HA SD MMH W SH Mu s e in SJ DM W S MK S KM o h in oM o Sr MS Mir p uMr k irh z aa sNS SM M P S M S a k r a n d

I n d u s t Ar y S G A S A A S A N SA n s a r i BS FM S B S C S C S M D S M F S M F e c t oH Sa bM ib AH DS MM H W SH Mu s e in S JMD W S M K S MK o h in o Mo r S SMMM ir p u Mr k irh za as NS MS M P S M S a k r a n d

I n d u s t Ar y S G A S A A S A N SA n s a r i BS FM S B S C S C S M D S M F S M F e c t oH Sa bM ib AH DS MM H W SH Mu s e in S JMD W S M K S MK o h in o Mo r S SMMM ir p u Mr k irh za as NS MS M P S M S a k r a n d

I n d u s tAr yS G A S A A S A N SA n s a r iB S F MS B S C S C S M D S M F S MF e c t oH aS bMib HA SD MMH W SH Mu s e in S J MD W S MK S MK o h in oMo rS SM M ir p uMr k irh z aa s NS SM M P S M S a k r a n d

Index Analysis w.r.t Indutry Average:

Earning Management 2003

Earning Management 2004

Earning Management 2005

Earning Management 2006

Earning Management 2007

Earning Management 2008

Interpretation of Earning Management:

Z Score Model for 2003