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RATIOS & ANALYSIS RELATED PARTY TRANSACTION DIRECTORS TRAINING REQUIREMENTS FOR CFO & COMPANY SECRETARY INTERNAL AUDIT Group Members Fahad Salahuddin Fahad Ahmed Hammad Malik Sharoon Rasheed Sheraz Waqas Mahmood
Comparative Horizontal & Vertical Analysis Comparative Ratios Comparative Significant Risks OF Pak Suzuki Indus Motors Atlas Honda Cars
91.86
11.42 -15.80
104.38
24.95 -23.48 -29.52 -75.22 -20.33 -64.98 Toyota Pak suzuki Honda
-139.49
Distributio Administrat Other Gross profit n and ive operating marketing / (loss) expenses income costs 183.20 11.42 26.15 218.48 86.24 33.59 15.65 7.88 -15.80 47.31 11.78 -16.05
1,508
1,365
1,268 794
6.63 3.55 0.90 Sales Cost of sales Gross profit / (loss) 0.63 Distribution and marketing costs 1.12 -0.50 0.78 Administrative expenses 0.69 1.40 0.38 Other operating income 2.44 1.18 0.58 0.20 0.12 0.03 0.69 Finance cost 6.50 2.59 -1.11 (Loss) / Profit before taxation 2.06 1.08 0.24 Taxation 4.45 1.51 -1.35 (Loss)/Profit after taxation Toyota Pak suzuki Honda
0.29
Ratios
Ratios
12
6.63
10 8 6 4 2 0 -2
0.9 0.7 0 0.7 0.2 3.5 1.84 2.32 2.1 6.3 0 2.3
-4
Gross profit/(loss)mar gin Toyota 6.63 Pak suzuki 3.5 Honda 0.9
0 -4.8
-6
RISK MANAGEMENT
Nature of transaction
Amount of transaction
Terms and conditions of transaction, including the amount of consideration received or given
In order to enhance the skill set of the directors special training program are designed to impart knowledge regarding :
Strategic Direction and Risks Monitoring Financial Strategy, Risks and Disclosure Guiding Human Performance
a) All listed companies shall make appropriate arrangements to carry out orientation
courses for their directors to acquaint them with this code, applicable laws, their duties and responsibilities to enable them to effectively manage the affairs of the listed companies for and on behalf of shareholders
b) It shall be mandatory for all the directors of the listed companies to have certification
under any directors training program offered by institutionslocal or foreignthat meet the criteria specified by the SECP
c) Provided that from June 30, 2012 to June 30, 2016 every year, a minimum of one
director on the board shall acquire the said certification under this program each year and thereafter all directors shall obtain it
Exemption
Provided further that individuals with a minimum of 14 years of education and 15 years of experience on the board of a listed companylocal and/or foreignshall be exempted from the directors training program
COMPANY SECRETARY
Responsibilities :
Efficient administration of a company Ensuring compliance with statutory and regulatory requirements Implementation of BOD decisions.
Requirements :
A member of a recognized body of corporate/ chartered secretaries. OR Is a member of recognized body of Professional Accountants. OR A person holding masters degree in Business Administration or Commerce or being a Law Graduate from a University recognized by Higher Education Commission and having at least five years of relevant experience.
Requirements :
At least has five years of relevant experience.
The appointment, remuneration and terms and conditions of employment of the CFO
and the Company Secretary of listed companies shall be determined by the board of directors.
The removal of the CFO and Company Secretary of listed companies shall be made with the approval of the board of directors.
Internal Audit
Internal Audit
Internal audit is an appraisal activity or monitoring activity established within an entity as a service to an entity.
Special Investigations Monitoring internal controls Review compliance with laws and regulations Examination of financial information Examination of operating information
the Head of Internal Audit of listed companies shall be determined by the board of directors.
The removal of Head of Internal Audit shall be made with the approval of the
for the last five years at the time of coming into effect of this Code shall be exempted from the above qualification requirement.
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