PSO Financials
Persented by
Muhammad Usaid

FINANCIAL ANALYSIS
Rupees in Million (unless noted)

2014

2013

2012

2011

2010

2009

Shareholders' Equity

78,621

60,643

48,334

41,903

29,336

20,871

Non Current Assets

58,637

57,593

10,469

9,858

8,875

14,732

Current Assets

313,514

224,356

337,796

252,815 193,373 138,690

Total Liabilities

293,530

221,307

299,931

220,770 172,912 132,551

Balance Sheet

Shareholders’ Equity
80
70

Rs. in billion

60
50
40

79
61

30
42

20

48

29

10
0

21

2009

2010

2011

2012

2013

2014

Comments on Analysis
As of June 30, 2014, significant variation as compared to FY13 is because of the following:
- Shareholders equity rose by Rs. 18 bn due to net retained income generated during the year.
- Total non current assets increased by Rs. 1 bn mainly due to increase in deferred tax asset by Rs. 3.2 bn, which is offset with decrease in value of long term investments by Rs. 2.4 bn.
- Current assets increased by Rs. 89 bn primarily due to increase in trade debt balances by Rs. 99 bn which is partially offset with decrease in stock in trade by Rs. 20 bn.
- Total Liabilities increased by Rs. 72 bn primarily due to increase in short term borrowings by Rs. 75 bn on account of adverse circular debt situation.

2

Rupees in Million (unless noted)

2014
Sales Volume (Million Tons)
Profit & Loss Account
Sales Revenue
Net Revenue
Gross Profit
Other Income (including share of associates’profits)
Marketing & Administrative Expenses
Other Operating Expense
Operating Profit/(Loss)
Finance Cost
Profit/(Loss) before Tax
Profit/(Loss) after Tax
Earning/(Loss) before Interest, taxes, depreciation & Amortization (EBITDA)

Gross Profit

2013

2012

2011

2010

2009

13.2

12.6

12.4