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GSK Pak LTD: Operating Cash Flow

This document summarizes the operating cash flows for GlaxoSmithKline Pakistan Limited for the year ended December 31, 2013 using both the indirect and direct methods. Using the indirect method, it shows the company had net income of Rs. 599,520,000 with various adjustments for non-cash items resulting in cash flow from operations of Rs. 1,056,534,000. Using the direct method, it outlines the cash collected from customers of Rs. 25,296,211,000 and cash paid for various expenses totaling Rs. 24,239,677,000, again resulting in cash flow from operations of Rs. 1,056,534,000.

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Daneyal Mirza
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89 views3 pages

GSK Pak LTD: Operating Cash Flow

This document summarizes the operating cash flows for GlaxoSmithKline Pakistan Limited for the year ended December 31, 2013 using both the indirect and direct methods. Using the indirect method, it shows the company had net income of Rs. 599,520,000 with various adjustments for non-cash items resulting in cash flow from operations of Rs. 1,056,534,000. Using the direct method, it outlines the cash collected from customers of Rs. 25,296,211,000 and cash paid for various expenses totaling Rs. 24,239,677,000, again resulting in cash flow from operations of Rs. 1,056,534,000.

Uploaded by

Daneyal Mirza
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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O P E R AT I N G C A S H

FLOW

GSK PAK LTD


Direct & Indirect Operating Cash
Flows for GlaxoSmithKline Pakistan
Limited (GLAXO)

CORPORATE
UCP

FINANCE
MBA

SECTION

FA L L

14
P R E S E N T E D B Y:

D A N E Y A L
A N U M
M
Z U N A I R A H
M U
S E H R I S H
K
M O H A M M E D

M I
A N
N A
A N
I M

R
Z
W
W
R

Z
A
A
A
A

A
R
R
L
N

AUDIENCE:

M R .

H A F I Z

M U S A D D I Q

OPERATING CASH FLOW VIA INDIRECT


METHOD

Rupees in 000

for the year ended December 31, 2013

Net Income

599,520

Adjustments for non-cash charges and other


items: Add / (less)
Depreciation and impairment
Gain on disposal of operating assets
Gain on transfer of marketing authorisation
and related trademarks rights of certain
products
Interest income
Provision for staff retirement benefits
Staff retirement benefits paid
Decrease in long-term loans to employees and
deposits

513,622
(39,485)
(186,500)
(158,887)
96,026
(100,242)
11,776
735,830

Subtotal

Change in Operating Accounts


Assets
Increase in Stores and spares
Increase in Stock-in-trade
Decrease in Trade debts
Increase in Loans and advances given
Increase in Trade deposits and prepayments
Refunds due from government
Other receivables
Liabilities
Increase in Trade and other payables
Decrease in Provisions

(15,857)
(1,191,185)
412
(5,393)
(26,050)
(6,192)
52,488
1,548,118
(35,637)
320,704

Subtotal

Cash flow from Operations (CFO)

OPERATING CASH FLOW VIA DIRECT METHOD


for the year ended December 31, 2013

1,056,534

Rupees in 000

Cash Collected from Customers


Cash Paid to Suppliers / Service Providers

25,296,211
(19,893,193)

Cash Paid to Employees

(2,711,605)

Cash Paid To Govt.

(1,416,685)

Cash Paid For Royalty and Technical Services


Fee
Cash Paid To Retirement Funds
Cash Paid For Financial Audit
Cash Paid to Creditor

Cash Flow from Operations (CFO)


**Cash Paid to Employees = Salary, wages and benefits to all departments collective
*** Cash Paid to Govt. = payment of indirect taxes & statutory duties + income tax paid

(20,241)
(181,702)
(16,147)
(104)

1,056,534

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