Download - Siemens Pakistan

20 Information to Stakeholders
Key Operating and Financial Data
Six Years Summary 2008 2007 2006 2005 2004 2003
Rupees in '000
Trading Results
New orders 52,236,070 32,039,600 25,337,253 17,715,216 11,514,501 6,049,459
Net turnover 26,880,742 21,901,752 20,795,847 13,132,819 7,110,456 5,812,128
Export of goods and services 444,267 105,427 131,623 517,676 412,471 472,290
Contracts executed outside Pakistan 12,374,212 5,610,671 4,657,654 3,271,416 -........ -........
Gross profit 4,013,861 3,218,529 2,451,757 1,764,595 1,252,137 1,002,054
Operating profit 2,691,173 2,022,635 1,675,351 1,383,165 786,631 622,884
Profit before tax excluding profit on sale
of discontinued operations 2,564,203 1,964,574 1,508,320 1,232,899 760,716 616,919
Profit before tax from discontinued operations -........ 2,125,937 -........ -........ -........ -........
Profit after tax from continuing operations 1,679,068 680,286 735,390 778,876 412,562 649,971
Profit after tax from discontinued operations -........ 1,801,036 -........ -........ -........ -........
Earnings before interest, taxes, depreciation
and amortisation 2,887,222 2,359,850 1,787,943 1,411,864 884,648 724,859
Interim dividend 247,411 233,088 279,706 233,088 155,392 101,005
Final dividend 494,822 494,822 233,088 186,470 233,088 101,005
Financial Position
Share capital 82,470 82,470 77,696 77,696 77,696 77,696
Reserves and Retained Earnings 6,205,787 5,268,952 2,644,116 2,383,286 2,070,616 1,813,446
Property, plant and equipment 1,589,664 1,532,620 1,477,252 602,876 525,462 496,694
Net current assets 2,767,305 2,368,659 565,110 1,333,299 1,411,527 1,242,416
Long-term / deferred liabilities 106,091 113,680 124,290 45,536 10,256 6,786
Investors Information
Gross profit in percent of sales 15% 14% 12% 13% 18% 17%
Earnings per share (Rs) 203.06 300.87* 93.57 100.24 53.10 44.89
Profit before tax in percent of sales 10% 19%* 7% 9% 11% 11%
Profit after tax in percent of sales 6% 11%* 4% 6% 6% 6%
Inventory turnover (times) 5.90 6.65 9.28 8.91 5.38 4.09
Debtor turnover (times) 3.03 3.66 5.24 6.43 4.59 4.98
Creditor turnover (times) 2.17 2.54 2.89 2.96 2.43 2.51
Total assets turnover (times) 1.08 1.25 1.61 1.66 1.42 1.33
Fixed assets turnover (times) 16.85 14.23 12.86 19.98 12.50 11.68
Break-up value per share (Rs) 762.49 648.89 350.30 316.73 276.49 243.39
Market value per share (Rs) 1,210 1,689 980 671 480 355
High / low during the year (Rs) 2,054 / 1,209 1,869 / 975 1,365 / 650 719 / 480 579 / 341 449 / 196
EBITDA Margin 11% 11% 9% 11% 12% 12%
Price earning ratio 5.96 5.61* 10.47 6.69 9.04 7.91
Cash dividend per share (Rs) 90 90 66 54 50 26
Dividend cover ratio 2.26 3.34 1.42 1.86 1.06 1.73
Dividend yield ratio 0.07 0.05 0.07 0.08 0.10 0.07
Dividend pay out ratio 44% 29% 70% 54% 94% 58%
Return on equity / capital employed 27% 46%* 27% 32% 19% 19%
Current ratio 1.15 1.20 1.06 1.25 1.50 1.50
Quick ratio 0.90 0.93 0.81 0.97 1.13 1.05
Interest cover (times) 23.94 25.04* 14.74 43.00 103.49 68.18
*Includes profit on sale of discontinued operations
Cash Flows
Net cash flow from operating activities 2,725,707 (2,247,614) 726,384 959,010 909,240 621,356
Net cash flow from investing activities (109,946) 2,351,293 (709,136) (192,549) (128,509) (41,410)
Net cash flow from financing activities (1,071,159) (134,462) (464,982) (464,946) (255,796) (218,458)
Net change in cash and cash equivalents 1,544,602 (30,783) (447,734) 301,515 524,935 361,488