FAUJI FERTILIZER COMPANY LIMITED

Consolidated Balance sheet

Rupees in Thusands
ASSETS 2013 2014 2015 2016 2017
NON CURRENT ASSETS
Property, plant and equipmen 18,444,188 20,093,898 21,381,702 21,232,732 22,312,363
Intangible assets 1,651,592 1,611,204 1,576,720 1,585,211 1,585,018
Long term investments 20,662,532 28,134,520 29,129,475 29,656,283 27,868,846
Long term loans and advances 740,408 823,188 814,298 934,150 965,959
Long term deposits and prepayments 2,654 15,624 13,001 13,975 13,896
41,498,720 50,678,434 52,915,196 53,422,351 52,746,082
CURRENT ASSETS
Stores, spares and loose tools 3,244,645 3,314,823 3,395,762 3,428,235 3,496,117
Stock in trade 301,957 981,750 5,100,020 4,237,327 395,113
Trade debts 700,541 822,460 1,773,698 4,305,951 3,721,587
Loans and advances 921,460 1,058,754 1,024,594 903,440 1,633,916
Deposits and prepayments 46,984 26,376 39,323 50,241 77,792
Other receivables 790,163 1,072,461 2,807,262 7,691,822 13,964,851
Short term investment 18,960,295 27,432,837 10,334,720 14,143,829 30,882,685
Cash and bank balances 1,361,651 1,173,767 2,739,314 2,525,888 1,712,725
26,327,696 35,883,228 27,214,693 37,286,733 55,884,786

TOTAL ASSETS 67,826,416 86,561,662 80,129,889 90,709,084 108,630,868

NON CURRENT LIABILITIES

Long term borrowings 4,280,000 2,500,000 15,892,599 16,653,294 15,571,491
Deferred liabilities 4,078,369 4,574,028 4,600,324 4,811,884 4,697,189
8,358,369 7,074,028 20,492,923 21,465,178 20,268,680

CURRENT LIABILITIES
Trade and other payables 21,854,125 37,904,434 8,113,918 10,851,877 39,218,435
Interest and mark-up accrued 22,098 30,117 268,094 321,091 190,707
Short term borrowings 7,000,000 11,602,443 18,020,602 22,176,525 11,539,083
Current portion of long term borrowing 1,460,000 1,780,000 4,509,839 6,434,304 6,831,804
Taxation 3,983,215 2,501,109 1,413,048 1,248,814 1,229,780
34,319,438 53,818,103 32,325,501 41,032,611 59,009,809

EQUITY
Share capital 12,722,382 12,722,382 12,722,382 12,722,382 12,722,382
Capital reserves 160,000 160,000 160,000 160,000 160,000
Revenue reserves 12,258,373 12,483,585 13,894,676 14,841,963 16,176,474
Surplus on re-measurement of investments
available for sale to fair value - net 10,508 303,564 534,407 486,950 293,523
25,151,263 25,669,531 27,311,465 28,211,295 29,352,379

TOTAL LIABILITIES AND OE 67,829,070 86,561,662 80,129,889 90,709,084 108,630,868

FAUJI FERTILIZER COMPANY LIMITEDTED

Consolidated Income statement

Rupees in thusands
2013 2014 2015 2016 2017
Sales 74,480,611 81,240,187 84,831,024 72,876,687 90,714,114
Cost of good sold 39,948,572 50,136,749 55,949,370 54,827,041 72,620,911
Gross profit 34,532,039 31,103,438 28,881,654 18,049,646 18,093,203
Less Distribution cost 6,167,280 6,431,667 6,813,591 7,154,244 8,574,081
Other expenses 2,557,937 2,302,937 2,284,624 1,760,663 1,630,750
Add Other income 4,367,941 4,720,866 6,194,231 10,664,843 10,323,615
EBIT 30,174,763 27,089,700 25,977,670 19,799,582 18,211,987
Less Finance cost 756,215 848,940 1,474,801 2,405,589 2,470,672
Taxation 9,284,000 8,070,000 7,737,000 5,612,000 5,030,000
NPAT 20,134,548 18,170,760 16,765,869 11,781,993 10,711,315
Other comprehensive income 50,604 349,677 66,588 20,917 -982,624
Total comprehensive income 20,185,152 18,520,437 16,832,457 11,802,910 9,728,691

Vertical Analysis 2013 2014 2015 2016 2017

Values in %
Sales 100 100 100 100 100
Cost of good sold 53.636 61.714 65.954 75.233 80.055
Gross profit 46.364 38.286 34.046 24.767 19.945
Distribution cost 8.280 7.917 8.032 9.817 9.452
Other expenses 3.434 2.835 2.693 2.416 1.798
Other income 5.865 5.811 7.302 14.634 11.380
EBIT 40.514 33.345 30.623 27.169 20.076
Less Finance cost 1.015 1.045 1.739 3.301 2.724
Taxation 12.465 9.934 9.120 7.701 5.545
NPAT 27.033 22.367 19.764 16.167 11.808
Other comprehensive income 0.068 0.430 0.078 0.029 1.083
Total comprehensive income 27.101 22.797 19.842 16.196 10.725

Values in %
Horizontal Analysis 2013 2014 2015 2016 2017
Sales 100% 109.076 113.897 97.847 121.796
Cost of good sold 100 125.503 140.053 137.244 181.786
Gross profit 100 90.071 83.637 52.269 52.395
Distribution cost 100 104.287 110.480 116.003 139.025
Other expenses 100 90.031 89.315 68.831 63.753
Other income 100 108.080 141.811 244.162 236.350
EBIT 100 89.776 86.091 65.616 60.355
Less Finance cost 100 112.262 195.024 318.109 326.716
Taxation 100 86.924 83.337 60.448 54.179
NPAT 100 90.247 83.269 58.516 53.199
Other comprehensive income 100 691.007 131.586 41.335 1941.791
Total comprehensive income 100 91.753 83.390 58.473 48.197