Profit & loss Account

Vertical Analysis

Horizontal Analysis

2007

2008

2007

2008

100.00%

100.00%

17.20%

19.03%

Cost of sales

87.53%

88.61%

24.86%

20.49%

Gross profit

12.47%

11.39%

-18.08%

8.74%

Distribution cost

2.33%

2.46%

-9.72%

25.79%

Administrative expenses

1.09%

0.92%

-10.97%

0.57%

Other operating expenses

0.32%

0.07%

-68.08%

-73.26%

Other operating income

1.15%

0.62%

159.28%

-36.26%

Profit from operations

9.89%

8.56%

-9.05%

2.99%

Finance cost

8.44%

7.72%

31.19%

8.90%

Profit before taxation

1.45%

0.83%

-67.38%

-31.47%

Provision for taxation

1.32%

0.63%

12.22%

-42.57%

Profit after taxation

0.13%

0.20%

-95.95%

78.99%

Sales

Profit & Loss account (2007)

Common-Size for Year 2007
0%
1%

1%
0%

0%

0%
4%

4%

1% 0%
1%

Sales
Cost of sales

0%

Gross profit

6%
Distribution cost
Administrative expenses

43%

Other operating
expenses
Other operating income
Profit from operations
Finance cost

39%

Othere charges
Profit before taxation
Provision for taxation
Profit after taxation

Profit & Loss Account 2008

Common-size for 2008
0%2% 0% 0% 0%
4% 3%
1%
0%

0%

0%
0%
Sales
Cost of sales
Gross profit

5%

Distribution cost
Administrative expenses

45%

Other operating expenses

Other operating income

Profit from operations
Finance cost
Othere charges
Profit before taxation
Provision for taxation

40%

Profit after taxation

Trend Analysis
2003

2004

2005

2006

2007

2008

Sales

100.00%

154.17%

129.04%

154.99%

181.64%

216.20%

Cost of sales

100.00%

159.20%

121.37%

154.46%

192.87%

232.39%

Gross profit

100.00%

130.52%

165.07%

157.43%

128.96%

140.23%

Distribution cost

100.00%

58.05%

93.23%

105.05%

94.84%

119.30%

Administrative expenses

100.00%

113.68%

123.07%

154.98%

137.99%

138.77%

Other operating income

100.00%

23.76%

82.81%

132.49%

343.53%

218.96%

Profit from operations

100.00%

153.51%

182.52%

160.86%

146.30%

150.67%

Finance cost

100.00%

60.08%

157.79%

414.87%

544.28%

592.71%

Profit before taxation

100.00%

182.65%

20.23%

90.78%

29.61%

20.29%

Provision for taxation

100.00%

105.45%

78.21%

187.50%

210.42%

120.83%

Profit after taxation

100.00%

193.97%

220.46%

76.60%

3.10%

5.55%

Gross Profit Margin Comparison

Gross Profit Ratio

2003

2004

2005

2006

2007

2008

Nishat

17.56%

14.87%

22.46%

17.84%

12.47%

11.39%

KTM

13.54%

21.29%

21.26%

14.80%

14.64%

15.38%

Gul Ahmed

19.20%

15.67%

16.39%

14.38%

14.55%

14.58%

Gross Profit Ratio

25.00%
20.00%
15.00%
Nishat

10.00%

KTM

5.00%

Gul Ahmed

0.00%
2003

2004

2005

2006

Ye a r s

2007

2008

Operating Profit Margin Comparison

Operating Profit Ratio

Nishat

2003

2004

2005

2006

2007

2008

12.28%

12.23%

17.37%

12.74%

9.89%

8.56%

8.16%

16.61%

16.86%

6.99%

7.35%

8.19%

10.42%

5.44%

6.11%

6.69%

7.47%

7.88%

KTM
Gul Ahmed

Operating Profit Ratio

20.00%
15.00%
10.00%

Nishat
KTM

5.00%

Gul Ahmed
0.00%
2003

2004

2005

2006

Y ear s

2007

2008

Net Profit Margin Comparison

Net Profit Ratio

2003

2004

2005

2006

2007

2008

Nishat

7.75%

9.75%

13.23%

3.83%

0.13%

0.20%

KTM

3.08%

8.72%

9.74%

4.32%

-0.56%

-0.05%

Gul Ahmed

5.42%

3.04%

1.29%

-0.43%

1.68%

0.88%

Ne t Profit Ratio
14.00%
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
-2.00%

Nishat
KTM
Gul Ahmed
2003

2004

2005

2006

Ye ars

2007

2008

Return on Equity Comparison

Return On Equity

Nishat
KTM
Gul Ahmed

2003

2004

2005

2006

2007

2008

24.03%

33.66%

26.97%

8.99%

0.38%

0.69%

8.83%

18.47%

14.46%

6.33%

-0.66%

-0.09%

15.17%

9.25%

3.35%

-1.50%

6.18%

3.72%

Re turn on Equity
40.00%
30.00%
20.00%

Nishat

10.00%

KTM

0.00%

Gul Ahmed

-10.00%
2003

2004

2005

2006

Ye ars

2007

2008

Earning per share Comparison

Earning Per Share

2003

2004

2005

2006

2007

2008

Nishat

7.38

14.32

9.60

3.34

0.14

0.24

KTM

1.94

5.9

5.2

2.49

(0.32)

(0.02)

Gul Ahmed

8.86

5.29

1.98

(0.77)

3.11

1.86

Earning per Share

16.00
14.00
12.00
10.00
8.00
6.00
4.00
2.00
0.00
(2.00)

Nishat
KTM
Gul Ahmed
2003

2004

2005

2006

Ye ar s

2007

2008

Return on Assets Comparison

Return on Assets
16.00%
14.00%
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
-2.00%

Nishat
KTM
Gul Ahmed
2003 2004 2005 2006 2007 2008
Years

Working Capital Ratio

Wor k ing Ca pit a l Ra t io

1.200
1.000
0.800

Ni shat

0.600
KT M

0.400

Gul Ahmed

0.200
0.000
2003

2004

2005

2006

Y ear s

2007

2008

Acid Test Ratio

Acid-Test Ratio
0.800
0.600
0.400

Nishat

0.200

KTM

0.000
2003

2004 2005

2006 2007

Ye a r s

2008

Gul Ahmed

Receivable Turnover Ratio

Receivable Turnover Ratio
20.00
15.00
10.00

Nishat

5.00

KTM

0.00

Gul Ahmed
2003

2004

2005
Year s

2006

2007

2008

Inventory Turnover Ratio

Inventory Turnover Ratio
10.00
8.00
6.00
Nishat

4.00

KTM

2.00

Gul Ahmed

0.00
2003

2004

2005

2006

Y ears

2007

2008

Interest Coverage Ratio

Interest Coverage Ratio
15.00
10.00

Nishat

5.00

KTM

0.00
2003 2004 2005 2006 2007 2008
Years

Gul Ahmed

Debt Ratio
Debt Ratio
0.80
0.60
0.40

Nishat

0.20

KTM

0.00

Gul Ahmed

2003 2004 2005 2006 2007 2008

Years

Equity Ratio
Equity Ratio
0.50
0.40
0.30
Nishat

0.20

KTM

0.10

Gul Ahmed

0.00
2003

2004

2005

2006

Y ears

2007

2008

Debt to equity Ratio

Debt to Equity Ratio
4.00
3.00
2.00

Nishat

1.00

KTM
Gul Ahmed

0.00
2003

2004

2005

2006

Years

2007

2008

Capitalization Ratio
Capitalization Ratio
5.00
4.00
3.00
2.00
1.00
0.00

Nishat
KTM
Gul Ahmed
2003 2004 2005 2006 2007 2008
Years