ENGRO FE

Operatin
g current
assests
2015

Operatin
g
Current
Liabilitie
s 2015

NET
Operating
Working
Capital

Stores,
4,639,142
spares
and loose
tools

Trade and 16,886,856

other
payables

TOTAL
Opertaing
Capital
2015

Stock-intrade

Trade
debts

6,942,110

2,261,747

Accrued
interest /
mark-up

843,803

Operating
current
assests

TOTAL

17730659

Operating
Current
Liabilities
Property,
Plant and
Equipment
TOTAL

Cash and
bank
balances

TOTAL

865,302

14708301

NET
Investme
nt In
Operating
Assets

Net
Opertain 25,863,436(
g Profit
1-.29)
After Tax
18363040
Total

Operatin
g Cash
Flow
NOPAT + 18363040+
Depreciati 4728517
on

Total

Free
Cash
Flow

Deprecia
tion

NOPATNIOA

17,721

Administr
ative
expenses

16,754

Total

4,728,517
Market
price of
share on
dec 31
2015

183630408130808

Total
2309155712859325

Total

10232232

4,694,042

Selling
and
23091557 distributio
n
expenses

Free
Cash
Flow

OCF-GI

Cost of
sales

10232232

Market
Value
Added
(Shares
Outstandin
g*Market
price)Common
equity
Total

ENGRO FERTTILIZER 2015

Operatin
g current
assests
2014

-3022358

Stores,
spares
4,713,746
and loose
tools

TOTAL
Opertaing
Capital
2014
14708301

Operating
current
assests

11014798

-17730659

Operating
Current
Liabilities

26089021

69,753,076

Property,
Plant and 73,674,133
Equipment

66730718

TOTAL

8130808

58599910

Stock-intrade

1,100,922

Trade
debts

757,044

Cash and
4,443,086
bank
balances
TOTAL

11014798

Gross
Investme
nt
NIOA+De 8130808+4
preciation 728517

Total

84.24

12859325

Economic
Value
Added
18363040NOPATTOC*WACC 66730718*0
.03
Total

(1330932*8
4.24)42,526,020

69591716

16361118

Operatin
g
Current
Liabilitie
s 2014

Trade and 24,726,721

other
payables
Accrued
interest /
mark-up

1,362,300

TOTAL

26089021

2015 (Actual)

2016
(forecasted)

Local
Quanity

1878

1953

Local
Price

38818

37809

manufact
ured
product
sales

72899472

73840977

purchased
and
27,833,764
packaged
product

28059571

subsidy
from
Governme
nt of
Pakistan

2,611,879

5168868

Gross
Sales

103,345,115

107069416

GROSS SALES
LESS:SALES TAX
NET SALES
Cost of sales

Gross profit
Selling and
distribution
expenses
Administrative
expenses
OPERATING
PROFIT
Other income

Other operating
expenses
EBIT
INTEREST
EXPENSE
EBT
TAX
NPACS
DIVIDEND
NET INCOME
FORECASTED BALANCE
2015(ACTUAL)
Assets
Non-Current
Assets
Property, plant
and equipment
Intangible assets
Investment in
subsidiary

72,192,289
106,487

4,383,000

Long term loans

and advances
TOTAL

159,778
76,841,554

Current Assets
Stores, spares
and loose tools
Stock-in-trade
Trade debts
Derivative
financial
instruments
Subordinated loan
to subsidiary

4,639,142
6,942,110
2,261,747

29,207

900,000

Loans, advances,
deposits and
prepayments
588,247
Other receivables
Short term
investments
Cash and bank
balances
TOTAL
TOTAL ASSETS

1,329,998

10,984,555

865,302
28,540,308
105,381,862

Equity &
Liabilities
Share capital

13,309,323

Share premium
Hedging reserve
Remeasurement
of post
employment
benefits
Unappropriated
profit
TOTAL
TOTAL EQUITY

3,132,181
-4,536

-40,664
26,129,716
29,216,697
42,526,020

Liabilities
Non-Current
Liabilities
Borrowings

25,289,658

Derivative
financial
instruments
Deferred liabilities
Service benefits
obligations
TOTAL

6,493,030

124,367
31,907,055

Current
Liabilities
Trade and other
payables

16,886,856

Accrued interest /
mark-up

843,803

Taxes payable

2,060,723

Current portion
of:BORROWINGS

10,736,586

service benefits
obligations

48,232

Unclaimed
dividend

6,103

Derivative
financial
instruments

366,484

TOTAL
Total Liabilities

30,948,787
62,855,842

TOTAL EQUITY &

LIABILITIES

105,381,862

AFN 107319881120553680

-13233799

NEW AFN
107319881108005789

685908

ENGRO FERTILIZER FORECASTING

FORECASTED INCOME STATEMENT

2015(ACTUA
L)
103345115

F1

F2

107069416 107069416

15,729,857

7494859

7494859

87,615,258
-55,435,451

99574557
63196414

99574557
63196414

32,179,807

36378143

36378143

-5,452,944

-6216356

-6216356

-863,427

984307

984307

25,863,436

29177480

29177480

1,707,059

1,707,059

1,707,059

-1,813,639
25,756,856

-1,813,639
29070900

-1,813,639
29070900

-4,587,926
21,168,930
-6,141,449
15,027,481
3,992,796
11,034,685

-4587926
24482974
7100062
17382912
4693386
12689526

-3264543
25806357
7483844
18322513
4947079
13375434

ORECASTED BALANCE SHEET

F1

F2

72,192,289

72,192,289

106,487

106,487

4,383,000

4,383,000

159,778
76,841,554

159,778
76,841,554

5,288,621

5,288,621

7,914,005

7,914,005

2,578,392

2,578,392

29,207

29,207

900,000

900,000

588,247

588,247

1,329,998

1,329,998

10,984,555

10,984,555

865,302
30,478,327

865,302
30,478,327

107,319,881

107,319,881

13,309,323

13,309,323

3,132,181

3,132,181

-4,536

-4,536

-40,664

-40,664

38,819,242
41,906,223

39,505,150
42,592,131

55,215,546

55,901,454

25,289,658

12055859

6,493,030

6,493,030

124,367
31,907,055

124,367
31,907,055

19251016

19251016

961935

961935

2,060,723

2,060,723

10,736,586

10,736,586

48,232

48,232

6,103

6,103

366,484

366,484

33,431,079
65,338,134

20,179,280
52,086,335

120,553,680

108,005,789