About Toyota Pakistan:

Indus motor company (IMC) is a joint project 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 in Pakistan since July 01, 1990. TMC is the worlds largest automobile manufacture by sales and productions.

History:
Toyota started in 1993 as a division of Toyoda Automatic loom works devoted to the production of automobiles under the direction of the founders son, Kiichiro Toyoda. In 1934, Toyota first created the type A engine, and its first vehicles were the A1 passenger car and the G1 in 1935. Toyota Motor Co was established as an independent company in 1937. Toyota Motor Corporation Group companies are Toyota (including the Scion brand), Lexus, Daihatsu and Hino Motors, along with several Non-automotive companies. TMC is part of the Toyota Group, One of the largest conglomerates in the world.

Toyota Products:
Toyota is the market leader of Pakistan in automobiles industry. The product line of Toyota in Pakistan is like; MARK-X the most popular hybrid car running in Pakistan and the best economy car of Toyota in Pakistan is CUORE. But the Toyota most selling car in all over the Pakistan is COROLLA, and the Toyota also deals in SUV vehicles like land cruiser, Terios, Prado, Hilux, Avanza, Fortuner and many others.

Toyota Service:
Toyota are the most popular in automobiles industry by the after sale services. The services center in all over the Pakistan is about 30 dealers within a 16 cities. The company uses Special Services Tools (SSTs) for the diagnostic and computerized servicing to maintain the quality of the products.

Toyota Policies:
The Toyota uses the policies of financial statements by the pleased of the management and Directors of the company are as follows. The financial statement is prepared by the management of the Company present fairly its state of affairs, the result of its operations, cash flows and changes in equity. Proper books of accounts of the company have been maintained. Appropriate accounting policies have been consistently applied in preparation of the financial statements except for the changes of the financial statements and accounting estimates are based on reasonable and prudent judgment. International Financial Reporting Standards, as applicable in Pakistan, have been followed in preparation of the financial statements. The system of the internal control is sound in design and has been effectively implemented and monitored. There are no significant doubts upon the companys ability to continue as a going concern.

 There has been no material departure from the best practices of corporate governance.

Compare the Components Of Balance Sheet:

Compare the Components of assets with previous years By comparing from the previous year the companies non-assets like, fixed assets was decreased by 592,140 thousands, long term deposits was decreased by 100 thousands, loans and advances were reducing by 12,932 thousands. By comparing the current assets there is a great increased in cash and bank balances 6,024,814 thousands but this increased reduces the stores and spares, loan and advances. The short-term prepayment was also increased like: accrued return on bank deposits was improved by 6,310 thousands; their prepaid payments balance 1902 thousands. Now the total assets of the company are 27,138,278 thousands.