O P E R AT I N G C A S H

FLOW

GSK PAK LTD

Direct & Indirect Operating Cash
Flows for GlaxoSmithKline Pakistan
Limited (GLAXO)

CORPORATE
UCP

FINANCE
MBA

SECTION

FA L L

14
P R E S E N T E D B Y:

D A N E Y A L
A N U M
M
Z U N A I R A H
M U
S E H R I S H
K
M O H A M M E D

M I
A N
N A
A N
I M

R
Z
W
W
R

Z
A
A
A
A

A
R
R
L
N

AUDIENCE:

M R .

H A F I Z

M U S A D D I Q

OPERATING CASH FLOW VIA INDIRECT

METHOD

Rupees in 000

for the year ended December 31, 2013

Net Income

599,520

Adjustments for non-cash charges and other

items: Add / (less)
Depreciation and impairment
Gain on disposal of operating assets
Gain on transfer of marketing authorisation
and related trademarks rights of certain
products
Interest income
Provision for staff retirement benefits
Staff retirement benefits paid
Decrease in long-term loans to employees and
deposits

513,622
(39,485)
(186,500)
(158,887)
96,026
(100,242)
11,776
735,830

Subtotal

Change in Operating Accounts

Assets
Increase in Stores and spares
Increase in Stock-in-trade
Decrease in Trade debts
Increase in Loans and advances given
Increase in Trade deposits and prepayments
Refunds due from government
Other receivables
Liabilities
Increase in Trade and other payables
Decrease in Provisions

(15,857)
(1,191,185)
412
(5,393)
(26,050)
(6,192)
52,488
1,548,118
(35,637)
320,704

Subtotal

Cash flow from Operations (CFO)

OPERATING CASH FLOW VIA DIRECT METHOD

for the year ended December 31, 2013

1,056,534

Rupees in 000

Cash Collected from Customers

Cash Paid to Suppliers / Service Providers

25,296,211
(19,893,193)

Cash Paid to Employees

(2,711,605)

Cash Paid To Govt.

(1,416,685)

Cash Paid For Royalty and Technical Services

Fee
Cash Paid To Retirement Funds
Cash Paid For Financial Audit
Cash Paid to Creditor

Cash Flow from Operations (CFO)

**Cash Paid to Employees = Salary, wages and benefits to all departments collective
*** Cash Paid to Govt. = payment of indirect taxes & statutory duties + income tax paid

(20,241)
(181,702)
(16,147)
(104)

1,056,534