Mohsin Annual Report-Final 1-91:Layout 1.qxd - Siemens Pakistan
Mohsin Annual Report-Final 1-91:Layout 1.qxd - Siemens Pakistan Mohsin Annual Report-Final 1-91:Layout 1.qxd - Siemens Pakistan
12Directors’ ReportKey Operating and Financial DataSix Years Summary 2007 2006 2005 2004 2003 2002Trading ResultsRupees in '000New orders 32,039,600 25,337,253 17,715,216 11,514,501 6,049,459 4,916,418Net turnover 21,901,752 20,795,847 13,132,819 7,110,456 5,812,128 4,836,296Export of goods and services 105,427 131,623 517,676 412,471 472,290 669,358Contracts executed outside Pakistan 5,610,671 4,657,654 3,271,416 - - -Gross profit 3,125,129 2,451,757 1,764,595 1,252,137 1,002,054 999,719Operating profit 2,022,635 1,675,351 1,383,165 786,631 622,884 588,273Profit before tax including profit on saleof discontinued operations 4,090,511 1,508,320 1,232,899 760,716 616,919 510,234Profit after tax 2,481,322 735,390 778,846 412,562 349,971 390,882Interim dividend 233,088 279,706 233,088 155,392 101,005 -Proposed final dividend 494,822 233,088 186,470 233,088 101,005 101,742Balance SheetShare capital 82,470 77,696 77,696 77,696 77,696 78,263Reserves 5,268,952 2,644,116 2,383,286 2,070,616 1,813,446 1,680,819Property, plant and equipment 1,532,620 1,477,252 602,876 525,462 496,694 495,605Net current assets 2,368,659 565,110 1,333,299 1,411,527 1,242,416 1,135,753Long-term / deferred liabilities 113,680 124,290 45,536 10,256 6,786 48,439Investors InformationGross profit in percent of sales 14% 12% 13% 18% 17% 21%Earnings per share (Rs) 300.87 93.57 100.24 53.10 44.89 49.95Profit before tax in percent of sales 19% 7% 9% 11% 11% 11%Profit after tax in percent of sales 11% 4% 6% 6% 6% 8%Inventory turnover (times) 14.34 9.28 8.91 5.38 4.09 3.47Debtor turnover (times) 3.66 5.24 6.43 4.59 4.98 4.38Total assets turnover (times) 1.25 1.61 1.66 1.42 1.33 1.29Fixed assets turnover (times) 14.23 12.86 19.98 12.50 11.68 9.76Break-up value per share (Rs) 648.89 350.30 316.73 276.49 243.39 224.77Market value per share (Rs) 1,689 980 671 480 355 197High / low during the year (Rs) 1,869 / 975 1,365 / 650 719 / 480 579 / 341 449 / 196 215 / 105Price earning ratio 5.61 10.47 6.69 9.04 7.91 3.94Cash dividend per share (Rs) 90 66 54 50 26 13Dividend yield ratio 0.05 0.07 0.08 0.10 0.07 0.07Dividend pay out ratio 29% 70% 54% 94% 58% 26%Return on capital employed 46% 27% 32% 19% 19% 22%Debt : equity ratio 0.06 - - - - -Current ratio 1.20 1.06 1.25 1.50 1.50 1.59Quick ratio 0.93 0.81 0.97 1.13 1.05 0.96Interest cover (times) 25.04 14.74 43.00 103.49 68.18 15.40
Directors’ Report 13
- Page 2 and 3: Foundation (NSF) support. And from
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12Directors’ <strong>Report</strong>Key Operating and Financial DataSix Years Summary 2007 2006 2005 2004 2003 2002Trading ResultsRupees in '000New orders 32,039,600 25,337,253 17,715,216 11,514,501 6,049,459 4,<strong>91</strong>6,418Net turnover 21,901,752 20,795,847 13,132,819 7,110,456 5,812,128 4,836,296Export of goods and services 105,427 131,623 517,676 412,471 472,290 669,358Contracts executed outside <strong>Pakistan</strong> 5,610,671 4,657,654 3,271,416 - - -Gross profit 3,125,129 2,451,757 1,764,595 1,252,137 1,002,054 999,719Operating profit 2,022,635 1,675,351 1,383,165 786,631 622,884 588,273Profit before tax including profit on saleof discontinued operations 4,090,511 1,508,320 1,232,899 760,716 616,<strong>91</strong>9 510,234Profit after tax 2,481,322 735,390 778,846 412,562 349,971 390,882Interim dividend 233,088 279,706 233,088 155,392 101,005 -Proposed final dividend 494,822 233,088 186,470 233,088 101,005 101,742Balance SheetShare capital 82,470 77,696 77,696 77,696 77,696 78,263Reserves 5,268,952 2,644,116 2,383,286 2,070,616 1,813,446 1,680,819Property, plant and equipment 1,532,620 1,477,252 602,876 525,462 496,694 495,605Net current assets 2,368,659 565,110 1,333,299 1,411,527 1,242,416 1,135,753Long-term / deferred liabilities 113,680 124,290 45,536 10,256 6,786 48,439Investors InformationGross profit in percent of sales 14% 12% 13% 18% 17% 21%Earnings per share (Rs) 300.87 93.57 100.24 53.10 44.89 49.95Profit before tax in percent of sales 19% 7% 9% 11% 11% 11%Profit after tax in percent of sales 11% 4% 6% 6% 6% 8%Inventory turnover (times) 14.34 9.28 8.<strong>91</strong> 5.38 4.09 3.47Debtor turnover (times) 3.66 5.24 6.43 4.59 4.98 4.38Total assets turnover (times) 1.25 1.61 1.66 1.42 1.33 1.29Fixed assets turnover (times) 14.23 12.86 19.98 12.50 11.68 9.76Break-up value per share (Rs) 648.89 350.30 316.73 276.49 243.39 224.77Market value per share (Rs) 1,689 980 671 480 355 197High / low during the year (Rs) 1,869 / 975 1,365 / 650 719 / 480 579 / 341 449 / 196 215 / 105Price earning ratio 5.61 10.47 6.69 9.04 7.<strong>91</strong> 3.94Cash dividend per share (Rs) 90 66 54 50 26 13Dividend yield ratio 0.05 0.07 0.08 0.10 0.07 0.07Dividend pay out ratio 29% 70% 54% 94% 58% 26%Return on capital employed 46% 27% 32% 19% 19% 22%Debt : equity ratio 0.06 - - - - -Current ratio 1.20 1.06 1.25 1.50 1.50 1.59Quick ratio 0.93 0.81 0.97 1.13 1.05 0.96Interest cover (times) 25.04 14.74 43.00 103.49 68.18 15.40