umar amjad toyota

8/13/2019 Umar Amjad Toyota

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TOYOTA-INDUS MOTORS COMPANY LIMITED

BALANCE SHEET

For the year ended at June 30, 2013

ASSETS 2013 2012 VERTICAL(Rupees in '000) 2013

Non-current assets

Fixed assets 2,742,140 3,472,906 10.92

Long-term loans and advances 131,337 6,015 0.52

Long-term deposits and prepayments 9,667 7,822 0.04

Deferred taxation 34,647 - 0.14

2,917,791 3,486,743 11.62

Current assets

Stores and spares 153,669 178,188 0.61

Stock-in-trade 7,883,309 7,529,571 31.40

Trade debts 1,382,761 1,459,976 5.51

Loans and advances 1,557,897 945,498 6.21

Short-term prepayments 10,799 20,965 0.04

Accrued return on bank deposits 12,155 45,355 0.05

Other receivables 162,225 447,569 0.65

Investments 6,698,121 2,690,553 26.68

Taxation - payment less provision 131,363 - 0.52

Cash and bank balances 4,195,302 10,771,300 16.71

22,187,601 24,088,975 88.38

TOTAL ASSETS 25,105,392 27,575,718 100.00

EQUITY

Share capital

Authorised capital

Ordinary shares of Rs 10 each 1,000,000 1,000,000 3.98

Issued, subscribed and paid-up capital 786,000 786,000 3.13

Reserves 16,906,708 16,227,858 67.34

17,692,708 17,013,858 70.47

LIABILITIES


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Non-current liabilities

Deferred taxation - 165,941 0.00

Current liabilities

Trade, other payables and provisions 6,013,852 6,512,461 23.95Advances from customers and dealers 1,398,698 3,823,641 5.57

Accrued mark-up 134 188 0.00

Short-term running finances - -

Taxation - provisions less payments - 59,629

7,412,684 10,395,919 29.53

TOTAL EQUITY AND LIABILITIES 25,105,392 27,575,718 100.00


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NALYSIS DIFF. % DIFF. EXPLANATIONS

2012

12.59 -730,766 -21.04 Company has sold some Fixed and Ope

0.02 125,322 2083.49 Company has made a big amount of Av

0.03 1,845 23.59

0.00 -34,647

12.64

0.65 -24,519 -13.76

27.31 353,738 4.70

5.29 -77,215 -5.29

3.43 612,399 64.77 A huge amount was paid to the Collect

0.08 -10,166 -48.49 Less Rent and Insurance was paid as so

0.16 -33,200 -73.20

1.62 -285,344 -63.75 Recievables reduced and huge Sales Ta

9.76 4,007,568 148.95 Investment made in Mutual Funds

0.00 -131,363

39.06 -6,575,998 -61.05 Company does not hold any fixed depo

87.36

100.00

3.63

2.85 0 0.00

58.85 678,850 4.18

61.70


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0.60 169,941 102.41 Deffered Tax was paid in the Current Y

23.62 -498,609 -7.6613.87 -2,424,943 -63.42 Advances reduced due to Sale of Asset

0.00 -54 -28.72

-

0.22 59,629 100.00

37.70

100.00


5/11

rating Assets

ances to its Suppliers

r of Customs in respect of the import of stock-in-trade.

e Fixed and Operating Assets were sold

was paid

it receipts.


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ear

and decrease in Production


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PROFIT AND LOSS ACCOUNT


2013 2012 VERTICAL

(Rupees in '000) 2013

Net Sales 63,829,075 76,962,642 100

Cost of sales 57,972,038 70,400,788 90.82

Gross profit 5,857,037 6,561,854 9.18

Distribution expenses 814,228 820,339 1.28

Administrative expenses 643,978 627,673 1.01

1,458,206 1,448,012 2.284,398,831 5,113,842 6.89

Other operating expenses 436,192 516,342 0.68

3,962,639 4,597,500 6.21

Other income 1,037,840 1,775,748 1.63

5,000,479 6,373,248 7.83

Finance costs 30,704 60,981 0.05

Profit before taxation 4,969,775 6,312,267 7.79

Taxation 1,612,230 2,009,552 2.53

Profit after taxation 3,357,545 4,302,715 5.26


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NALYSIS DIFF. % DIFF. EXPLANATIONS

2012

100 -13,133,567 -17.06

91.47 -12,428,750 -17.65

8.53 -704,817 -10.74

1.07 -6,111 -0.74

0.82 16,305 2.60

1.886.64

0.67 -80,150 -15.52

5.97

2.31 -737,908 -41.55 Loss in Agency Commision and De

8.28

0.08 -30,277 -49.65 Decrease in MarkUp on advances

8.20

2.61 -397,322 -19.77

5.59 -945,170 -21.97


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rease in Return from Bank

rom Customers


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CASH FLOW STATEMENT


2013 2012 (Rupees in '000)

CASH FLOWS FROM OPERATING ACTIVITIES

Cash generated from operations 2,253,021 2,220,937

Interest paid -324 -22,739

Workers Profit Participation Fund paid -264,000 -349,613

Workers Welfare Fund paid -132,181 -80,229

Interest received 419,730 994,665

Income tax paid -2,000,421 -1,842,377

Movement in long-term loans and advances -125,322 5,934

Movement in long-term deposits and prepayments -1,845 1,400

Net cash generated from operating activities 148,658 927,978

CASH FLOWS FROM INVESTING ACTIVITIES

Fixed capital expenditure -547,055 -561,128

Proceeds from disposal of fixed assets 35,408 48,994

Investment in listed mutual fund units -15,191,959 -10,786,000

Proceeds from redemption of listed mutual fund units 11,441,973 14,022,243

Purchase of Market Treasury Bills -7,729,660 -10,163,583

Proceeds from redemption of Market Treasury Bills 7,912,508 9,880,002

Net cash (used in) / generated from investing activities -4,078,785 2,440,528

CASH FLOWS FROM FINANCING ACTIVITIES

Dividend paid -2,645,871 -1,409,405

Net cash used in financing activities -2,645,871 -1,409,405

Net (decrease) / increase in cash and cash equivalents -6,575,998 1,959,101Cash and cash equivalents at the beginning of the year 10,771,300 8,812,199

Cash and cash equivalents at the end of the year 4,195,302 10,771,300


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RATIOS

2013 2012

Current Ratio 2.99 2.32Acid-Test Ratio 0.61 1.07

Accounts Recievable Turnover 209.35 252.42

Days' Sales in Account Recievable 1.74 1.45

Inventory Turnover 7.35 9.35

Equity Ratio 0.70 0.62

Net Income to Net Sales 0.05 0.06

Return on Stockholders' Equity 0.19 0.25

Earnings per Share 42.72 54.74

Price-Earning Ratio 7.56 5.90

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