PPG CORP.

BALANCE SHEETS, 1991-2000 (Million

ASSETS
Cash and Short-Term
Investments
Trade Debts
Stores and Spares
Current portion of long term
loans and advances
Advances, deposits,
prepayments and other
recievables
Stock in trade
Total Current Assets

2011

2010

Property, Plant, and

Equipment, Gross
Depreciation, Depletion, and
Amortization (Accumulated)
Property, Plant, and
Equipment, Net
Capital work-in-progress
Intangibles
Long term loans and
advances
Long term security deposits
TOTAL ASSETS

LIABILITIES
Current portion of non
current liabilities
Accounts Payable
Accrued Expense
Other Current Liabilities
Short term borrowings from
associated company
Short term financing under
mark-up arrangements
Debt
Deferred Taxes
Liabilities against assets
subject to finance lease
Other Liabilities
EQUITY
Common Stock
Capital Surplus
Retained Earnings
General Reserve
Less: Treasury Stock - Total
Dollar Amount

2009

1997

1996

505,516
126,499
1,050,804

315,770
241,715
868,984

129
1,353
863

70
1,226
797

19,419

21,012

239

205

2,048,936
4,602,019
8,353,193

1,503,009
3,895,038
6,845,528

2,584

2,296

11,370,611

10,700,874

6,758

6,688

3,903

3,775

2,855

2,914

370

23

3,076,472
16,735

914,956
7,106

125,674

113,490

9,817
22,952,502

5,026
18,586,980

1,059
6,868

1,208
6,441

57,786
4,633,932
61,404
128,857

1,322,442
3,746,286
46,979
105,686

646
564
8

602
504
15

2,143,750

2,105,375

2,780,843

756,362

5,573,750
1,705,508

4,210,750
1,531,945

1,701
406

1,482
419

55,415
229,114

118,275
215,925

82
952

76
861

453,496
249,527
4,598,850
280,000

453,496
249,527
3,443,932
280,000

484
99
4,916

484
97
4,569

2,990

2,667

Total stockholders equity

TOTAL LIABILITIES AND
EQUITY
COMMON SHARES
OUTSTANDING
(million)

5,581,873

4,426,955

2,509

2,483

22,952,232

18,586,980

6,868

6,441

168

174

175

178

183

Balance sheet--historical ratios

ASSETS
Cash and Short-Term
Investments
Receivables/Sales
Inventories/Sales

2000

Other Current Assets/Sales

Operating CA/Sales
Property, Plant, Equipment,
Gross/Sales
Annual depreciation/PPE
Property, Plant, Equipment,
Net/Sales
Other Assets/Sales
Other Assets, growth rate
since 1991

Other Current Assets/Sales

Operating CA/Sales

1996

3218.58%
11571.03%

18.34%
11.70%

16.98%
11.03%

0.00%
0.00%

250.34%
107685.87%

279.79%
91152.17%

3.24%
35.02%

2.84%
31.81%

0.00%
6.31%

146585.16% 142488.34%
6.05%
5.25%

91.58%
5.15%

92.66%
5.09%

0.00%

0.00%

0.00%

38.69%

40.36%

0.00%

126.56%

66.92%

14.35%

16.74%

#NAME?

0.00%
0.00%

59738.71%
791.59%

49883.97%
625.55%

8.75%
7.64%

8.34%
6.98%

0.00%
0.00%

1661.17%
62191.48%

1407.27%
51916.79%

0.11%
16.51%

0.21%
15.52%

99.85%
24.28%

95.12%
22.65%

67.80%
24.77%

59.70%
23.01%

2953.64%

2875.17%

12.90%

11.92%

0.00%
-100.00%

#NAME?

Balance sheet--model parameters

ASSETS
Cash and Short-Term
Investments
Receivables/Sales
Inventories/Sales

1997

1630.77%
13546.53%

#DIV/0!
#DIV/0!

Other Liabilities/Sales
Other Liabilities, growth rate
since 1991

1998

0.00%
0.00%

-100.00%

LIABILITIES
Accounts Payable/Sales
Accrued Expense/Sales
Other Current
Liabilities/Sales
Operating CL/Sales
Debt
Debt/equity
Debt/assets

1999

constant
497.53%
2520.16%

#NAME?
#NAME?

55.16%
19907.84%

#NAME?
#NAME?

Property, Plant, Equipment,

Gross
=accrued depreciation + net plant, property, equipment
Accrued depreciation
=previous year's accrued + this year's depreciation from income
Property, Plant, Equipment,
Net/Sales
0.00%
#NAME?
Other Assets, annual growth
rate

-100.00%

LIABILITIES
Accounts Payable/Sales
Accrued Expense/Sales
Other Current
Liabilities/Sales
Debt/Assets
Deferred taxes
Minority Interest
Other Liabilities, annual
growth rate
EQUITY
Common Stock
Capital Surplus
Retained Earnings
Treasury Stock - Total
Dollar Amount

Payout to equity
Cash dividends
Minus increase in common
stock
and capital surplus
Plus increase in treasury
stock
at cost
Total paid out to equity

#NAME?

10968.07%
146.58%
0 <-- constant at current level
32% <-- approximately current level
grows at sales growth
0 <-- constant at current level
-100.00%

#NAME?

0
0
=previous year's retained + this year's retentions from income statement
PLUG

2000

1999

1998

276

264

252

1997
239

1996

703,023

-702,440

-2

-15

0
703,299

0
264

-2,990
-705,178

323
560

608
829

237

1991-2000 (Million $)
1995

1994

1993

1992

1991

106
1,245
738

62
1,229
686

112
997
683

61
1,023
742

38
1,058
875

187

191

234

124

203

2,276

2,168

2,026

1,951

2,173

6,464

6,163

6,042

6,158

6,212

3,629

3,420

3,255

3,186

3,029

2,835

2,742

2,787

2,972

3,183

1,084
6,194

983
5,894

838
5,652

739
5,662

700
6,056

583
520
41

518
481
55

436
423
67

447
323
48

520
348
62

1,221
355

1,144
303

1,129
269

1,307
472

1,574
476

68
837

70
766

52
803

60
306

76
347

484
81
4,063

484
68
3,494

242
298
3,158

242
233
3,424

242
230
3,369

2,060

1,489

1,225

1,200

1,186

2,569

2,557

2,473

2,699

2,655

6,194

5,894

5,652

5,662

6,056

194

207

107

106

106

1995

1994

1993

1992

1991

17.64%
10.45%

19.41%
10.84%

17.32%
11.88%

17.60%
12.77%

18.65%
15.43%

2.65%
32.24%

3.01%
34.25%

4.07%
35.21%

2.13%
33.55%

3.57%
38.31%

91.59%
5.13%

97.34%
5.15%

105.01%
5.48%

105.91%
5.71%

109.52%
5.65%

40.17%

43.31%

48.44%

51.11%

56.12%

15.36%

15.53%

14.57%

12.72%

12.33%

8.27%
7.37%

8.18%
7.60%

7.58%
7.34%

7.69%
5.56%

9.17%
6.13%

0.58%
16.21%

0.87%
16.64%

1.17%
16.09%

0.83%
14.08%

1.09%
16.40%

47.52%
19.71%

44.74%
19.41%

45.66%
19.98%

48.42%
23.08%

59.28%
25.98%

11.86%

12.10%

13.95%

5.26%

6.12%

1995
239

1994
238

1993
221

1992

-14

-12

-65

-3

571
796

264
490

24
181

14
211

200