Professional Documents
Culture Documents
84,510,491
4,981,666
1,045,167
988,928
900,795
580,857
352,339
9,890,115
103,250,358
31,371,753
12,558,142
145,743
2,162,010
244,281
7,632
2,463,387
4,911,238
31,824,088
85,688,274
17,562,084
1,648,369
168,649
547,359
65,345
2,249,398
27,218
98,744
16,671
48,015
332,712
921,749
6,124,229
1,994,046
1,198,344
634,722
73,374
-
238,753
345,941
17,243
100,824
419,002
2,704,757
7,727,006
445,684
(112,740)
31,195
-
6,711,336
249,949
7,325,424
34,770
-
525,549
560,319
(3,054,256)
1,924,530
2,003,831
1,854,656
-
3,244,074
189,851
118,534
269,074
9,604,550
(433)
(12,659,239)
7,438,882
(5,220,357)
2009
154%
101%
125%
149%
107%
91%
116%
1151%
161%
119%
235%
315%
722%
-3042%
84%
102%
102%
163%
145%
342%
125%
108%
489%
-2093%
172%
165%
239%
123%
133%
136%
164%
161%
137%
201%
307%
-1255%
0%
117%
243%
30%
242%
159%
231%
179%
204%
-68%
-730%
0%
-6097%
-183%
21799%
5%
0%
106%
45%
177%
615%
156%
196%
0%
101409%
28809%
148%
718%
345%
3%
280%
7323%
118%
2009
81.85%
4.82%
1.01%
0.96%
0.87%
0.56%
0.34%
9.58%
100.00%
30.38%
12.16%
0.14%
2.09%
0.24%
0.01%
2.39%
4.76%
30.82%
82.99%
17.01%
1.60%
0.16%
0.53%
0.06%
2.18%
0.03%
0.10%
0.02%
0.05%
0.32%
0.89%
5.93%
1.93%
1.16%
0.61%
0.07%
0.00%
0.23%
0.34%
0.02%
0.10%
0.41%
2.62%
7.48%
0.43%
-0.11%
0.03%
0.00%
6.50%
0.24%
7.09%
0.03%
0.00%
0.51%
0.54%
-2.96%
0.00%
1.86%
1.94%
1.80%
0.00%
3.14%
0.18%
0.11%
0.26%
9.30%
0.00%
-12.26%
7.20%
-5.06%
2009
17.01%
-5.06%
-2.96%
13.45%
103.50%
120.97%
11.22%
(2.72)
2009
0.31
-1.29
0.07
-48803411.00
2009
0.48
-1.76
0.50
-0.02
1.02
Pakistan International Airlines Corporation
Summurized balance sheets
For the year ended as on …..
2005 2006 2007 2008
NON CURRENT ASSETS
fixed assets
property,plant & equipment 51,263,914 102,579,997 95,497,151 157,811,321
intangibles 112,421 2,075,078 103,475 2,745,223
51,376,335 104,655,075 95,600,626 160,556,544
long term investments 323,705 156,224 4,540,229 140,185
receivable from centre hotel - 459,825 - 596,027
long term advances & other receivables 6,635,933 1,694,077 1,283,000 7,629
long term deposits & prepayments 1,804,977 3,406,397 4,098,388 5,173,580
60,140,950 110,371,598 105,522,243 166,473,965
CURRENT ASSETS
stores & spares 2,790,137 3,382,328 3,251,940 3,764,276
trade debts 5,222,534 6,521,586 5,012,778 6,190,561
advances 513,917 552,856 604,470 1,379,248
trade deposits & prepayments 581,175 1,476,145 1,023,312 1,688,239
accrued interest 39,708 51,010 32,789 1,325
other receivables 481,449 1,100,676 1,043,971 1,623,644
short term investments 363,855 606,868 32,093 97,977
taxation-net 149,087 261,674 274,519 321,855
cash & bank balances 2,614,691 7,079,105 1,975,459 4,059,865
12,756,553 21,032,248 13,251,331 19,126,990
TOTAL ASSETS 72,897,503 131,403,846 118,773,574 185,600,955
EQUITY & LIABILITIES
SHARE CAPITAL & RESERVES
share capital 17,980,659 19,473,631 20,878,074 21,423,014
reserves 4,280,712 4,280,712 4,280,712 (67,359,472)
unrealized gain/(loss) on investment (15,107) 21,013 97,366 -
foregien exchange reserve - 1,847,591 - -
non-controlling interest - 520,692 - 743,935
accumulated loss (11,799,966) (23,717,778) (37,159,710) -
TOTAL EQUITY 10,446,298 2,425,861 (11,903,558) (45,192,523)
surplus on reevaluation of fixed assets - 3,601,840 972,040 28,493,164
10,446,298 6,027,701 (10,931,518) (16,699,359)
NON CURRENT LIABILITIES
long term financing 1,621,099 18,682,829 17,037,075 34,426,312
term finance certificates 14,003,940 13,246,970 10,723,738 12,430,143
liabilties subject to finance lease 21,706,064 42,503,444 46,524,024 65,088,789
long term murabaha finance 768,075 - - -
long term deposits 290,236 261,843 321,547 301,902
advance rent - - - 3,486
deffered liabilities 2,824,690 8,045,670 3,049,166 16,269,775
41,214,104 82,740,756 77,655,550 128,520,407
CURRENT LIABILITIES
trade & other payables 14,983,921 18,023,185 20,055,163 28,860,083
accrued interest 607,769 812,278 978,317 1,475,456
short term borrowing 362,075 15,543,446 18,105,884 30,500,062
tax payable - 89,299 - 23,534
current maturities of:
long term financing 1,621,103 2,714,555 5,662,451 5,649,136
term finance certificates 756,970 756,970 2,523,232 -
liabilties subject to finance lease 2,067,363 3,914,491 4,724,495 7,268,336
long term murabaha finance 837,900 781,165 - -
advance rent 0 0 0 3300
21237101 42635389 52049542 73779907
TOTAL EQUITY & LIABILITIES 72,897,503 131,403,846 118,773,574 185,600,955
175,531,555
2,903,518
178,435,073
93,021
636,064
12,051
5,199,986
184,376,195
4,017,865
8,335,142
2,187,319
1,672,701
-
1,003,640
144,060
70,628
4,691,221
22,122,576
206,498,771
23,280,356
(70,568,745)
-
-
760,764
-
(46,527,625)
42,212,154
(4,315,471)
40,300,378
19,592,320
61,321,895
-
365,979
-
18,307,683
139,888,255
30,418,267
1,845,592
23,982,160
874,887
5,655,812
5,120
8,140,663
-
3486
70925987
206,498,771
2009
342%
2583%
347%
29%
0%
288%
307%
144%
160%
426%
288%
0%
208%
40%
47%
179%
173%
283%
129%
-1649%
0%
0%
-445%
-41%
2486%
140%
283%
0%
126%
648%
339%
203%
304%
6624%
349%
1%
394%
0%
334%
283%
2009
85.00%
1.41%
86.41%
0.05%
0.31%
0.01%
2.52%
89.29%
1.95%
4.04%
1.06%
0.81%
0.00%
0.49%
0.07%
0.03%
2.27%
10.71%
100.00%
11.27%
-34.17%
0.00%
0.00%
0.37%
0.00%
-22.53%
20.44%
-2.09%
19.52%
9.49%
29.70%
0.00%
0.18%
0.00%
8.87%
67.74%
14.73%
0.89%
11.61%
0.42%
0.00%
2.74%
0.00%
3.94%
0.00%
0.00%
34.35%
100.00%
Turnover (net)
200%
155% 161%
150%
119% 110%
% age 100%
100%
50%
0%
2005 2006 2007 2008 2009
Year
Gross profit
400% 342%
300%
% age
200%
100% 115%
100% 83%
33%
0%
2005 2006 2007 2008 2009
Year
1000%
815%
800%
600%
% age
%a
282%
200% 100% 118%
0%
2005 2006 2007 2008 2009
Year
Total Assets
900%
800%
700%
600% 283%
255% TOTAL ASSETS
500%
% age
Total liabilities
350%
300%
250%
NON CURRENT
200% LIABILITIES
% 150%
age
CURRENT LIABILITIES
100%
50%
0%
2005 2006 year
2007 2008 2009
Total assets
100.00%
90.00%
80.00% CURRENT ASSETS
70.00% NON CURRENT
60.00%
ASSETS
% age50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
2005 2006 Year
2007 2008 2009
LIABILITIES
20.00% CURRENT LIABILITIES
Total liabilties and equity
80.00%
TOTAL EQUITY
60.00%
% age
LIABILITIES
20.00% CURRENT LIABILITIES
0.00%
2005 2006 2007 2008 2009
-20.00%
year
120.00%
100.00%
80.00%
0.00%
2005 2006 2007 2008 2009
-20.00%
Year
-40.00%
-60.00%
0.15 0.14
0.10
0.07
0.06
0.05 0.04
0.00
2005 2006 2007 2008 2009
Year
Current ratio
0.70
0.60
0.60
0.49
0.50
0.40 0.31
Times
Times
0.26 Current ratio
0.30 0.25
0.20
0.10
0.00
2005 2006 2007 2008 2009
Year
0.40
0.20
0.00 Year
2005 2006 2007 2008 2009
1.00
0.80 0.71 0.69 Fixed asset turnover ratio
Times
0.58
0.60 0.48
0.40
0.20
0.00
Year
2005 2006 2007 2008 2009
Times
-4.00 -3.46 turnover ratio
-5.00
-6.00
-7.00
-6.95
-8.00
Proprietary ratio
0.20
0.15
0.10 Proprietary ratio
0.05
Times
Year
0.00
-0.05 2005 2006 2007 2008 2009
-0.10
-0.15
Solvency ratio
1.20 1.09 1.09
1.02
0.95
1.00 0.86
0.80 Solvency ratio
Times
0.60
0.40
0.20
0.00
Year
2005 2006 2007 2008 2009
18.00% 17.01%
16.00%
14.00%
12.00% Gross profit ratio
10.00%
% age
8.01%
8.00% 6.04% 5.95%
6.00%
4.00% 2.24%
2.00%
0.00% Year
2005 2006 2007 2008 2009
0.00%
-5.00% 2005 2006 2007 2008 2009 Year
-10.00%
Net profit ratio
0.00%
-5.00% 2005 2006 2007 2008 2009 Year
-10.00%
-15.00% Net profit ratio
% age
-20.00%
-25.00%
-30.00%
-35.00%
-40.00%
-15.00%
-20.00%
-25.00%
-30.00%
Year
-35.00%
Expense ratio
16.00%
12.00%
% age
0.00%
2005 2006 2007 2008 2009
Year
12.00%
% age
8.00% Expense ratio
4.00%
0.00%
2005 2006 2007 2008 2009
Year