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Hafiz Majid ALI L1F08BBA2106, Asad Tariq L1S08BBAM0078,

INDUS MOTORS FINANC


2,012

Assets
Non-current assets
Fixed assets Long-term Loans & advances Long-term Deposits & Prepayments
3,472,906 6,015 7,822

3,486,743

Current Assets
Stores & Spares Stock-in-Trade Trade Debts Loans & advances Short-term Prepayments Accrued Returns on Bank Deposits Other Receivables Investments Texation - Payment Less Provision Cash & Bank Balances
178,188 7,529,571 1,459,976 945,498 20,965 45,355 447,569 2,690,533 10,771,300

24,088,955

Total Assets

27,575,698

Equity
Share Capital
Authorized Capital 100,000,000 (2011: 100,000,000) Ordinary Shares of Rs. 10 each Issued, Subcribed & Paid-up Capital Reserves
1,000,000

786,000 16,227,858

17,013,858

Liabilities

Non-current Liabities
Deferred Texation
165,941

165,941

Current Liabitites
Trade, Other Payables & Provisions Advances from Customers & Dealers Accrued Mark-up Short-term Running Finance Taxation - Provision Less Payment
6,512,461 3,823,641 118 59,629

10,395,849

Contingencies & Commitments Total Equity & Liabities


27,575,648

SOURCES (INFLOW)

ASSETS DECREASE IN FIXED ASSET 752804 DECREASE LONGTERM LOAN AND ADVANCES 5934 DECREASE LONG TERM DEPOSIT & PREPAYMENTS 140 DECREASE STORES & SPARES

DECRESEAccrued Returns on Bank Deposits


DECRESE INVESTEETMENTS DECREASE PREPAOD TAXATION STOCK IN TRADE TRADE DEBT LO AN AND ADVANCES SHORT TERM PREPAYMENTS

USE (OUTFLOW)

Other Receivables Cash & Bank Balances

The Indus Motor Company Limited (IMC) is a joint venture between the House of Habib, Toyota Motor Corporation, Japan (TMC), and Toyota Tsusho Corporation, Japan(TTC) for assembling, progressive manufacturing and marketing of Toyota vehicles inPakistan since July 1, 1990. Indus Motor Company are Manufacturers, assemblers, distributors and importers of Toyota and Daihatsu vehicles, spare parts and accessories in Pakistan. The company was incorporated in Pakistan as a public limited company in December 1989 and started commercial production in May 1993. The shares of company are quoted on the stock exchanges of Pakistan. Toyota Motor Corporation and Toyota Tsusho Corporation have 25% stake in the company equity. The majority shareholder is the House of Habib. IMC's production facilities are located at Port Bin Qasim Industrial Zone near Karachi in an area measuring over 105 acres (0.42 km 2). Indus Motor company's plant is the only manufacturing site in the world where both Toyota and Daihatsu brands are being manufactured. Heavy investment was made to build its production facilities based on state of art technologies. To ensure highest level of productivity world-renowned Toyota Production Systems are implemented. IMC's Product line includes 6 variants of the newly introduced Toyota Corolla, Toyota Hilux Single Cabin 4x2 and 4 versions of Daihatsu Cuore. They also have a wide range of imported vehicles.

SUBMITTED TO :PROF KAINAT RIAZ

COURSE: FINANCIAL ANALYSIS

US MOTORS FINANCIAL STATEMENTS


Difference b/w 2012 & 2011

2,011
(Rupees in 000's)

2,012
% of sales in 2012

4,225,710 11,949 9,222

4,246,881
189,755 5,690,052 1,356,068 926,174 18,900 52,586 149,533 4,993,464 399,006 8,812,199

4.51 0.01 0.01 4.53 0.00 0.23 9.78 1.90 1.23 0.03 0.06 0.58 3.50 14.00 31.30

(752,804) (5,934) (1,400)

(760,138)
(11,567) 1,839,519 103,908 19,324 2,065 (7,231) 298,036 (2,302,931) (399,006) 1,959,101

22,587,737 26,834,618

1,501,218 741,080

35.83

1,000,000

1.30

786,000 13,333,648

14,119,648

1.02 21.09 22.11

0 2,894,210

2,894,210

454,012

454,012

0.22 0.22

(288,071)

(288,071)

5,740,869 6,519,669 420 -

8.46 4.97 0.00 0.08 13.51

771,592 (2,696,028) (302) 59,629

12,260,958

(1,865,109)

26,834,618

35.83

741,030

ASSET 752804 M LOAN AND ADVANCES 5934 M DEPOSIT & PREPAYMENTS 1400

Returns on Bank Deposits

LIABILITIES 752,804 DEFFERED TAXATIONN 5,934 ACCOUNT PAYABLE 1,400 ACRUED MARKUP 11,567 7,231 2,302,931 399,006 1,839,519 ADVANCES FROM CUSTOMER DEALERS 103,908 TAXATION 19,324 2,065 298,036 1,959,101

AL ANALYSIS

SECTION B

ANALYSIS

ASSETS DECREASED AS COMPARE TO 2011 PREPAYMENTS ALSO DECREASED IT MEAN PREPAIDS ARE UTILIZED LONG TERM DEPOSIT PREPAYMENT DECRESED IT MEAN UTILIZED TOTAL NON CURRENT ASSET DECRESED IN 2012 SPARES STOCK DECREASED STOCK DECRESED IT MEAN MUST SALES INCRESED DEBT INCREASED MEAN CREDIT SALES INCRESED PREPAYMENT INCRESED MEAN ADVANCE PAID SHORT TERM PREPAYMENT INCRESED ACRUED DECRESED RECIVABLES INCRESED DUE TO CREDIT SALED INVESTMENT DECRESED TAXATION UTILIZED FOR THE YEAR CASH AND BANK BALANCES INCRESED MAY BE DUE TO SALE OF ASSETS CURRENT ASSET IS ACCULULATED INCRESED

LIABILITES INCREASED

PAYABLE INCRESED MEAN STOCK BOUGHT ON CREDIT RAW MATERIAL ETC ADVANCES FROM DEALERS DECREASED MUST P[AYMENT MADE TO THEM ACRUED MARK UP PAID THAT WHY DECREASED TAXATION FOR THE YEAR CAME STILL NOT PAID THAT WHY LIABILITY INCRESED TOTAL LIBILITIES DECRESED IN TOTOAL

288,071.00 288,071.00 2,696,028.00

771,592.00 59,629.00

2,012 Net Sales


Cost of Sales 76,962,642
70,400,788

2,011
(Rupees in 000's)

61,702,677
57,613,542

Gross Profit
Distribution Expenses Administrative Expenses

6,561,854
820,339 627,673 1,448,012

4,089,135
690,130 462,517 1,152,647

5,113,842 Other Operating Expenses


516,342

2,936,488
355,796

4,597,500 Other Operating Income


1,773,572

2,580,692
1,507,878

6,371,072 Finance Cost


58,805

4,088,570
77,115

Profit Before Taxation


Taxation

6,312,267
2,009,552

4,011,455
1,268,071

Profit After Taxation Earnings Per Share

4,302,715
Rupees

2,743,384

54.74

34.90

Difference b/w 2012 & 2011


% of sales in 2012

2,012
15,259,965
12,787,246

100.00 91.47 8.53 1.07 0.82 1.88 6.64 0.67 5.97 2.30 8.28 0.08 8.20 2.61

2,472,719
130,209 165,156

295,365 2,177,354
160,546

2,016,808
265,694

2,282,502
(18,310)

2,300,812
741,481

5.59

1,559,331

19.84