National Foods Balance Sheet

2013 2014
(Rupees in Thousand)
ASSETS

Non-Current Assets
Property, Plant and Equipment 1,048,957 1,239,996
Intangibles 23,086 36,128
Long term investment 31,719 31,719
Long term deposits 11,696 22,125
1,115,458 1,329,968
Current Assets

Stores, spare parts and loose tools 5,185 5,534

Stock in trade 1,912,425 2,226,562
Trade debts 652,142 796,624
Advances 49,076 52,307
Trade deposites and prepayments 17,055 18,076
Other recieveables 16,700 13,375
Investments 327,908 461,585
Taxation-Provision less payment 4,160
Cash and banks balances 154,583 78,418
3,139,234 3,652,481
Total Assets 4,254,692 4,982,449

EQUITY AND LIABILITIES

Shareholders' Equity
Share Capital and Reserves
Authorised capital of 150,000,000 ordinary shares 750000 750000

Issued, Subscribed and paid up Captial 414,427 518,034

Unappropriated Profit 1,254,320 1,689,884
1,668,747 2,207,918

Non Current Liabilities

Long term financing
Deffered taxation-net 116,358 114,920
Deffered liabilities 23,929 29,735
140,287 144,655
Current Liabilities
Trade and other payables 1,331,561 1,372,410
Accrued interest/markup 23,536 11,341
Short term borrowings 950,968 953,789
Taxation-net 168,004
Sales tax Payable 139,593 124,332
2,445,658 2,629,876
2,585,945 2,774,531
COMMITMENTS
TOTAL EQUITY AND LIABILITIES 4,254,692 4,982,449
lance Sheet
2015 2016 2017
(Rupees in Thousand)

1,518,286 1,997,039 3,049,019

39,089 61,295 85,564
31,719 31,719 31,719
34,768 30,979 33,612
1,623,862 2,121,032 3,199,914

5,897 6,605 10,880

2,254,723 3,250,374 3,008,831
1,150,666 1,000,468 1,273,826
50,404 95,455 209,476
29,736 38,068 13,779
13,452 6,272 70,982
389,245 40,633

37,041 56,979 90,288

3,931,164 4,454,221 4,718,695
5,555,026 6,575,253 7,918,609

750,000 750,000 750,000

518,034 518,034 518,034

2,238,854 1,965,738 2,661,655
2,756,888 2,483,772 3,179,689

140,865
93,414 80,934 142,393
19,495 13,634 6,023
112,909 94,568 289,281
1,672,683 1,960,435 2,374,605
2,520 8,974 9,620
384,094 1,311,326 1,549,528
484,578 622,721 515,886
141,354 93,457
2,685,229 3,996,913 4,449,639
2,798,138 4,091,481 4,738,920

5,555,026 6,575,253 7,918,609

 Income Statement
2013 2014 2015 2016
Sales 13,183,185
Cost of sales -8,937,467
Gross profit 4,245,718

Distribution costs -2,518,730

Administrative expenses -505,866
Other expenses -97,681
Other income 55,850
Operating profit 1,179,291

Finance costs -67,338

Profit before taxation 1,111,953

Taxation - net -338,277

Profit for the year 773,676

Other comprehensive income

Items that will never be reclassified to profit and loss account:

Remeasurements of retirement benefit liability -14,712

Related deferred tax thereon 3,989
-10,723

Total comprehensive income for the year 762,953

Earnings per share (basic and diluted) 7.47

atement
2017
14,801,551
-9,910,969
4,890,582

-2,974,259
-515,421
-100,373
81,056
1,381,585

-68,567
1,313,018

-328,121
984,897

-5,530
1,469
-4,061

980,836

9.51
 Cash Flow S
2013 2014
(Rupees in Th
CASH FLOWS FROM OPERATING ACTIVITIES

Cash generated from operations 777,412 812,846

Finance cost paid -63,287 -99,708
Income tax paid -344,466 -151,202
Retirement benefits obligations paid -4,113 -3,811
Long term deposits - net -5,884 -10,429

Net cash generated from Operating Activities 359,662 547,696

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property, plant and equipment -216,616 -346,450

Sale proceeds from disposal of property,plant and equipment 4,590 7,761
Purchase of intangible assets -21,848 -21,212
Investment in National Foods DMCC, Dubai, UAE -31,719
Purchase of open ended mutual fund units -460,000 -150,000
Sale of open ended mutual fund units 423,992 50,000
Purchase of treasury bills
Sale proceeds of treasury bills

Net cash used in Investing Activities -301,601 -459,901

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from short term borrowings 550,000

Proceeds from long term finance
Repayment of short term borrowings -980,000
Dividend paid -390,202 -166,781

Net cash used in Financing Activities -390,202 -596,781

Net increase/decrease in cash and cash equivalents -332,141 -508,986

Cash and cash equivalents at the beginning of the year -464,244 33,641
Cash and cash equivalents at the end of the year -796,385 -475,345
ash Flow Statement
2015 2016 2017
(Rupees in Thousand)

1,547,792 726,447 1,719,593

-46,090 -60,884 -67,921
-132,640 -208,625 -372,027
-61,382 -23,876 -17,881
-12,643 3,789 -2,633

1,295,037 436,851 1,259,131

-467,720 -684,084 -1,286,425

29,988 21,767 22,402
-22,740 -46,958 -56,708

-777,988 -150,000
884,555 546,048
-147,810
148,731

-353,905 -312,306 -1,320,731

508,696 1,000,000 1,262,000

140,865
-808,722 -700,000 -1,100,000
-412,814 -1,031,839 -284,158

-712,840 -731,839 18,707

228,292 -607,294 -42,893

-475,345 -247,053 -854,347

-247,053 -854,347 -897,240