Download - Siemens Pakistan
Download - Siemens Pakistan Download - Siemens Pakistan
30 Directors’ Report Within Country For the third year in a row, the company has been awarded second place in the Top 25 companies in Karachi Stock Exchange which is really appreciable in view of increasing competition. Siemens brand was selected as the brand of the year and a model for other brands at a ceremony in Islamabad. Further, Siemens Pakistan was recognized for its corporate excellence at the 25th Corporate Excellence awards organized by Management Association of Pakistan. For third year in a row Siemens newsletter “ Siemens Ki Dunya” was declared the best corporate newsletter of Pakistan by a jury of National Council of Culture and Art.
Directors’ Report 31 Market share Siemens Pakistan's vision is always to remain market leader in the relevant business segments and our target is to be No.1 or No.2 in all segments of business operation. Hence by leveraging our global resources we will continue to strengthen our local presence to maintain our leading positions in our three focused sectors namely Industry, Energy and Healthcare. Appropriations Following is the summary of appropriations made during the year. (Rupees in thousands) Retained earnings - October 01, 2007 2,621,734 Net profit after taxation for the year ended September 30, 2008 1,679,068 Appropriations Final Dividend @ Rs.60 per share for the year ended September 30, 2007 (494,822) Interim dividend @ Rs.30 per share for the year ended September 30, 2008 (247,411) Transfer to General Reserve (1,000,000) Retained earnings - September 30, 2008 2,558,569 Dividend Considering the excellent performance during the financial year ended on September 30, 2008 and to appropriately reward the Members while conserving the resources to meet the future financial requirements, the Board of Directors recommends a final Dividend of Rs 60 per equity share of Rs.10 each (600%). This is in addition to the interim dividend of Rs 30 per equity share ( 300%), already paid making total dividend for the year ended September 30, 2008 of Rs 90 per share i.e. 900% (2007: Rs 90 per share i.e. 900%). Rupees in Million Dividend & Dividend Pay out Ratio 800 100 94.17 700 742 90 728 1,394 80 600 70.76 70 57.71 500 53.79 513 60 400 419 44.21 388 300 29.34 200 202 100 0 0 2003 2004 2005 2006 2007 2008 Dividend Dividend Payout Ratio 50 40 30 20 10 As a percentage of PAT Post balance sheet events There have been no material changes since September 30, 2008 to the date of this report except the declaration of final dividend which is subject to the approval of the Members at the 56th Annual General Meeting to be held on November 29, 2008. The effect of such declaration shall be reflected in the next year's financial statements.
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- Page 3 and 4: Mission 3 Mission To realize our vi
- Page 5 and 6: Contents 5 Corporate Governance At
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- Page 11 and 12: Code of conduct and ethics 11 We ar
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- Page 16 and 17: 16 Board of Directors Mr. Klaus Ste
- Page 18 and 19: 18 Committees Board Committees Mana
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- Page 60 and 61: 60 Fit4 2010 Operational Excellence
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- Page 64 and 65: 64 Fit4 2010 Leadership Excellence
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Directors’ Report<br />
31<br />
Market share<br />
<strong>Siemens</strong> <strong>Pakistan</strong>'s vision is always to remain market leader in the relevant business segments and our<br />
target is to be No.1 or No.2 in all segments of business operation. Hence by leveraging our global<br />
resources we will continue to strengthen our local presence to maintain our leading positions in our<br />
three focused sectors namely Industry, Energy and Healthcare.<br />
Appropriations<br />
Following is the summary of appropriations made during the year.<br />
(Rupees in thousands)<br />
Retained earnings - October 01, 2007 2,621,734<br />
Net profit after taxation for the year ended September 30, 2008 1,679,068<br />
Appropriations<br />
Final Dividend @ Rs.60 per share for the year ended September 30, 2007 (494,822)<br />
Interim dividend @ Rs.30 per share for the year ended September 30, 2008 (247,411)<br />
Transfer to General Reserve (1,000,000)<br />
Retained earnings - September 30, 2008 2,558,569<br />
Dividend<br />
Considering the excellent performance during the<br />
financial year ended on September 30, 2008 and<br />
to appropriately reward the Members while<br />
conserving the resources to meet the future<br />
financial requirements, the Board of Directors<br />
recommends a final Dividend of Rs 60 per equity<br />
share of Rs.10 each (600%). This is in addition to<br />
the interim dividend of Rs 30 per equity share<br />
( 300%), already paid making total dividend for<br />
the year ended September 30, 2008 of Rs 90 per<br />
share i.e. 900% (2007: Rs 90 per share i.e. 900%).<br />
Rupees in Million<br />
Dividend & Dividend Pay out Ratio<br />
800 100<br />
94.17<br />
700<br />
742 90<br />
728<br />
1,394<br />
80<br />
600<br />
70.76<br />
70<br />
57.71<br />
500<br />
53.79 513<br />
60<br />
400<br />
419<br />
44.21<br />
388<br />
300<br />
29.34<br />
200<br />
202<br />
100<br />
0<br />
0<br />
2003 2004 2005 2006 2007 2008<br />
Dividend Dividend Payout Ratio<br />
50<br />
40<br />
30<br />
20<br />
10<br />
As a percentage of PAT<br />
Post balance sheet events<br />
There have been no material changes since September 30, 2008 to the date of this report except the<br />
declaration of final dividend which is subject to the approval of the Members at the 56th Annual<br />
General Meeting to be held on November 29, 2008. The effect of such declaration shall be reflected in<br />
the next year's financial statements.
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