You are on page 1of 18

LEARNING OBJECTIVES

Introduction
Vision & Mission
Facts & Figure
Ratio Analysis
Industry Average
Trend Analysis
Vertical Analysis
Horizontal Analysis
Conclusion

INTRODUCTIO

Engro Foods Limited was officially launched as a fully


owned subsidiary of Engro Corporation in 2004. .
Top quality brands like Olpers, Olpers Lite, Tarang, Omore
and Olpers Cream have been successfully launched under
the helm of Companys dairy products.
Engro Foods has invested heavily in milk processing and
milk collection infrastructure.

Visio
n

Engro Foods will continue to make investments


aimed at impacting lives and delighting
consumers each day, every day, in a multitude
ways.

Missio
n

To create wealth by building new businesses


based on company and country strengths in
Petrochemicals, Information Technology,
Infrastructure and other Agricultural sectors.

Facts & figures

12 Million Consumers nationwide use Engros products each day.

More than 1600 milk collection points spread throughout the


country.

Ranked 2nd in ice-cream business.

Holds more than 50% market share in UHT milk business.

Providing livelihood to 350,000 farmers across Pakistan.

2 state of the art processing plant and a production farm.

Growing Market Share covers more than 310 cities in Pakistan.

FT/IFC Transformational Business Award 2014 for achievement in


inclusive Business.

Ratio Analysis
Current Ratio
Quick Ratio
Debt To Equity
Debt Ratio
Equity Ratio
Inventory Turnover
Inventory Turnover In
Days
Receivable Turnover
Average Collection
Period
Operating Cycle In
Days
Total Assets Turnover
Gross Profit Ratio
Net Profit Ratio =
Return on Assets
Return on Equity
Earning Per Share
Book Value Per share
Price-Earning Ratio

2014

2013

2012

2011

2010

1.27
0.67
1.22
0.55
0.45
10.30

1.72
0.90
1.24
0.55
0.45
9.00

2.14
1.25
1.21
0.55
0.45
9.70

1.83
0.91
1.30
0.57
0.43
9.80

1.48
0.49
1.43
0.59
0.41
10.20

35.44

40.56

37.63

37.24

35.78

344.90

250.40

340.10

429.60

547.10

1.06

1.46

1.07

0.85

0.67

36.50

42.01

38.70

38.09

36.45

1.73
18.83
2.07
3.57
7.68
1.16
15.10
93.57

1.64
21.49
0.56
0.91
1.97
0.28
13.98
379.37

1.81
25.69
6.46
13.37
25.81
3.41
13.20
28.79

1.79
22.20
2.98
6.12
12.31
1.19
9.63
19.07

1.68
20.97
0.84
1.41
3.43
0.25
7.32
-

Industry Average

Trend Analysis
Income Statement
160.00%
140.00%
120.00%
100.00%
80.00%
60.00%
40.00%
20.00%
0.00%
2014

2013

Net sales

2012

Cost of sales

2011

Gross profit

2010

Profit for the year

2009

Trend Analysis
Balance Sheet
600.00%
500.00%
400.00%
300.00%
200.00%
100.00%
0.00%

2014

2013

2012

2011

2010

2009

Vertical
Analysis
Income Statement

Sales
Cost of sales
Gross profit
Distribution and marketing
expenses
Administrative expenses
Other operating expenses
Other oprating income
Operating profit
Other expenses
Finance costs
Profit before taxation
Taxation
Profit for the year

2014
43,027,377
(34,926,132)
8,101,245
(4,692,502)
(1,282,240)
(103,770)
304,854
2,327,587
(596,328)
(1,236,904)
494,355
394,476
888,831

2013
100
% 37,890,688
-81%
19%
-11%
-3%
0%
1%
5%
-1%
-3%
1%
1%
2%

(29,747,587)
8,143,101
(5,063,279)
(1,041,254)
(188,729)
324,301
2,174,140
(881,456)
(784,904)
507,780
(296,820)
210,960

2012
100%
-79%
21%
-13%
-3%
0%
1%
6%
-2%
-2%
1%
-1%
1%

40,168,919
(29,848,301)
10,320,618
(4,654,275)
(795,690)
(429,763)
382,402
4,823,292
(902,503)
3,920,789
(1,325,616)
2,595,173

2010

2011
100
%
-74%
26%
-12%
-2%
-1%
1%
12%
-2%
10%
-3%
6%

29,859,226
(23,230,445)
6,628,781
(3,716,489)
(504,722)
(208,902)
213,133
2,411,801
1,049,141
1,362,660
(471,687)
890,973

100
%
-78%
22%
-12%
-2%
-1%
1%
8%
4%
5%
-2%
3%

20,944,943
(16,552,117)
4,392,826
(2,913,448)
(473,198)
(131,460)
54,942
929,662
(659,562)
270,100
(94,478)
175,622

100
%
-79%
21%
-14%
-2%
-1%
0%
4%
-3%
1%
0%
1%

VerticalBalance
Analysis
Sheet
2014

2013

2012

2011

2010

58.45%
3.34%
0.44%
0.42%

60.32%
2.98%
0.51%
0.39%

49.65%
3.01%
0.47%
0.37%

57.75%
2.98%
0.80%
0.15%

57.37%
7.70%
3.44%
1.14%
0.19%

0.44%

0.70%

1.78%

Assets
Property, plant and equipment
Long term Investment
Biological assets
Intangible assets
Long term advances and deposits
Deferred employee share option
compensation expense
Investment in subsidiary
Non Current Assets

63.09%

66.68%

57.39%

61.69%

70.00%

Stores, spares and loose tools


Stock-in-trade
Trade debts
Advances, deposits and
prepayments
Other receivables
Deferred employee share option
compensation expense
Taxes recoverable
Short term investments
Cash and bank balances
Current Assets

3.07%
14.39%
0.37%

3.08%
12.82%
0.64%

2.75%
15.74%
0.67%

3.43%
15.84%
0.52%

3.55%
16.77%
0.42%

0.44%

0.75%

1.18%

1.60%

1.96%

11.15%

9.79%

6.49%

6.97%

5.78%

0.35%

0.57%

6.37%
0.77%
36.91%

2.65%
0.71%
2.32%
33.32%

1.56%
12.20%
1.90%
42.61%

0.07%
7.77%
2.11%
38.31%

0.08%
1.45%
30.00%

Vertical Analysis

Balance Sheet
2014

2013

2012

2011

2010

Share capital
Advance agianst issue of share capital
Share premium
Employee share option compensation
reserve
Hedging reserve
Remeasurement of post employment
benefits - Actuarial loss
Unappropriated profit
Total Equity

29.83%
3.37%

31.88%
3.60%

34.30%
0.01%
3.65%

45.16%
4.34%

56.18%
-

1.56%

1.69%

-0.11%

-0.04%

0.08%

-0.11%

0.00%

-0.14%

-0.14%

-0.10%

-0.11%

10.54%
45.05%

7.57%
44.56%

7.25%
45.18%

-5.92%
43.36%

-15.06%
41.13%

Long term finances


Obligations under finance lease
Deferred taxation
Deferred liabilites- pension scheme
Deferred Income
Total Non-Current Liabilities

21.31%
4.61%
0.01%
25.94%

29.64%
6.40%
0.04%
36.08%

27.13%
7.44%
0.08%
34.65%

33.70%
0.02%
1.85%
0.01%
35.57%

37.12%
0.04%
1.45%
0.03%
38.64%

Current Liabilities
Current portion of long term finances
Trade and other payables
Derivative financial instruments

6.25%
12.54%
0.16%

4.29%
14.01%
0.06%

s
10.78%
-

2.79%
14.24%
0.17%

1.61%
16.38%
-

0.00%

0.00%

0.00%

0.00%

0.95%
0.04%
-

1.36%
0.03%
0.38%

2.21%
0.12%
1.52%

2.21%
0.02%
-

Accrued interest / mark-up on


* long term finances
*short term finances
Short term finances

0.75%
0.24%
9.07%

Horizontal
Analysis
Income Statement
2014 Vs 2013 Vs 2012 Vs 2011 Vs 2010 Vs
2013
2012
2011
2010
2009
Net sales

13.56%

-5.67%

34.53%

42.56%

-30.58%

Cost of sales

17.41%

-0.34%

28.49%

40.35%

-28.78%

Gross profit
Distribution and marketing
expenses

-0.51%

-21.10%

55.69%

50.90%

-36.62%

-7.32%

7.52%

26.71%

27.56%

49.78%

Administrative expenses

23.14%

40.58%

46.75%

6.66%

Other operating expenses

-45.02%

-61.70%

135.88%

58.91%

-69.00%

Other income

-6.00%

-15.19%

79.42%

292.88%

-37.26%

Operating profit

7.06%

-54.92%

14.52%

353.05%

Other expenses

-32.35%

Finance costs

57.59%

-13.03%

-13.98%

59.07%

-50.06%

Profit before taxation

-2.64%

-87.05%

187.73%

404.50%

-94.82%

Taxation

-232.90%

-77.61%

181.04%

399.26%

-92.49%

Profit for the year

321.33%

-91.87%

191.27%

407.32%

-95.56%

Horizontal Analysis
Balance Sheet
2014 VS
2013

2013 Vs 2012

3.56%

32.37%

19.85%

7.18%

-8.65%
17.23%

17.45%
13.77%

2012 Vs
2011

2011 Vs
2010

2010 Vs
2009

Assets
Non-Current Assets
Property, plant and equipment
Biological assets
Intangible assets
Long term advances and deposits
Deferred employee share option
compensation expense
Investment in subsidiary

Current Assets
Stores, spares and loose tools
Stock-in-trade
Trade debts
Advances, deposits and prepayments
Other receivables
Deferred employee share option
compensation expense
Taxes recoverable

13.96%

34.51%

-92.59%

34.55%
-21.71%
238.11%

16.00%
-6.20%
4.70%

16.08%
-92.97%

-33.33%

-100.00%

-100.00%
1.13%

26.49%

6.55%
19.92%
-37.51%
-37.32%
21.72%

9.45%
-11.76%
3.02%
-30.83%
63.47%

23.43%

17.75%

-89.49%

18.19%
32.48%
71.11%
-1.62%
24.14%

29.42%
26.26%
67.93%
8.96%
60.96%

-54.03%
394.36%
-97.94%
-83.38%
161.41%

-33.58%
157.16%

90.19%

23095.70%

-100.00%
-84.68% -98.24%

Horizontal
Analysis
Balance Sheet
Equity
Share capital
Share premium
Employee share option
compensation reserve
Hedging reserve
Remeasurement of post employment
benefits - Actuarial loss
Unappropriated profit / loss

2014 Vs 2013

2013 Vs
2012

2012 Vs
2011

2011 Vs
2010

2010 Vs
2009

1051.11%

-91.26%

0.51%

8.25%

134.94%

0.00%

6.80%

12.20%

-1.82%

0.00%

189.49%

-157.16%

2.51%

0.00%

48.81%

-100.00%
-100.00%

-192.20%

-5591.84%

-100.05%

13.10%

-263.48%

-152.50%

-79.72%

8.05%

6.47%

39.07%

41.22%

-82.26%

-23.15%

18.33%

7.36%

21.30%

-100.00%

-45.98%

Non-Current Liabilities
Long term finances
Deferred liabilities

-100.00%

Derivative financial instruments


Deferred taxation
Deferred income

-99.65%

-22.93%

-6.89%

-73.26%

-45.61%

-23.17%

12.76%

436.38%

70.25%

29.92%

23.00%

Conclusion

K
N
A
H
T
U
O
Y

You might also like