Page 71 - Interloop Annual Report 2018-2019

VERTICAL ANALYSIS ON COMMENTARY ON ANALYSIS

STATEMENT OF FINANCIAL OF STATEMENT OF FINANCIAL

POSITION POSITION

Assets
Particulars 2019 2018 2017 2016 2015 2014
Percentage
Assets Non-Current Assets
Non current assets mainly include propertly, plant & equipment, which have increased by PKR 8,060 Million on account of
Non Current Assets continuous expansion of production facilities and balancing, modernizing and replacement of existing manufacturing facilities
Property, plant and equipment 44% 47% 48% 50% 50% 48%
Intangible Asset 0% 0% 0% 0% 0% 0% and other routine capex investments.
Long term investments 2% 1% 5% 6% 5% 4%
Long term loans 0% 0% 0% 0% 0% 0%
Long term deposits 0% 0% 0% 0% 0% 0% Current Assets
Total non current assets 46% 48% 53% 56% 55% 52% Current assets mainly include stock in trade and trade receivable, which have increased steadily over the period on account of
48% 53% 56% 55% 52% expansion in operations.
Current Assets
Stores and spares 2% 2% 2% 2% 3% 3%
Stock in trade 15% 16% 12% 14% 18% 21%
Trade debts 21% 23% 17% 20% 19% 16% Equity & Liabilities
Loan and advances 3% 2% 4% 3% 1% 3%
Deposits, prepayments and other receivables 1% 1% 2% 1% 0% 1% Equity
Tax refunds due from government 5% 7% 7% 4% 4% 4%
Short term investments 3% 0% 3% 0% 0% 0% Issuance of bonus shares and equity injection as a result of IPO in FY 2019 has resulted an increase in share capital over the
Deferred employee share option compensation 0% 0% 0% 0% 0% 0% period of six years from PKR 1,896 Million in FY 2014 to 8,722 Million in FY 2019 representing an increase of 360%.
expense
Cash and bank balances 4% 1% 0% 0% 0% 0%
Total current assets 54% 52% 47% 44% 45% 48% Non-Current Liabilities
52% 47% 44% 45% 48% Non current liabilities include long term financing and defferred liabilities. Long term financing has reduced over the course of
Total Assets 100% 100% 100% 100% 100% 100%
six years on account of payment of the loan and deffered liabilities have increased over the period on account of increase in
Equity & Liabilities staff retirement gratuity.

Equity Current Liabilities
Issued, subscribed and paid up capital 21% 6% 7% 8% 8% 9%
Reserves 9% 0% 0% 0% 0% 0% Current liabilities mainly include trade and other payables and short term financing which has increased inline with the increase
Unappropriated profit 13% 22% 44% 45% 33% 28% in operations.

Total equity 43% 28% 51% 53% 41% 37%
Non current liabilities
Long term financing 9% 7% 7% 13% 19% 21%
Liabilities against assets subject to finance lease 0% 0% 0% 0% 1% 1%
Deferred liabilities 7% 6% 6% 5% 4% 3%
Total non current liabilities 16% 13% 13% 18% 24% 25%
Current liabilities
Trade and other payables 9% 8% 6% 10% 7% 8%
Dividend payable 0% 1% 0% 0% 0% 0%
Accrued mark up 0% 0% 0% 0% 1% 1%
Short term borrowings 29% 47% 26% 14% 22% 25%
Taxes payable 0% 0% 0% 0% 0% 0%
Current portion of non current liabilities 3% 3% 4% 5% 5% 4%
Total current liabilities 41% 59% 36% 29% 35% 38% 2018 - 19
Interloop Limited Total equity and liabilities 100% 100% 100% 100% 100% 100% Annual Report
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0%
0%
0%
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