Steady Growth Target Growth
INPUTS
Sales -7% 2%
Cost of Sales 69% 66%
Taxation 30% 30%
Dividend Growth 54% 54%
Distribution and marketing expenses 0.69% 0.65%
Administrative expenses 1.56% 1.50%
Other expenses 2.37% 2.20%
Other income 3.08% 3.10%
Finance Cost 6.20% 6.00%
Fixed Assets
Property, plant and equipment 102% 100%
Right-of-use asset 7% 6.5%
Intangible assets 0.29% 0.26%
Long-term investments 5% 5.00%
Finacial assests at amortised cost 13% 12.00%
Long-term loans and advances 0.08% 0.05%
Deferred tax asset 0.00% 0.00%
Current Assets
Stores and loose tools
Stock-in trade 5.05% 5.00%
Trade debts - considered goods 17.53% 16.53%
Loans, advances and receivables 1.66% 1.50%
Income tax payment less provision 0.88% 0.85%
Financial assets at fair value through profit or loss 0.45% 0.45%
Current maturity of financia assets at amortised cost37.31% 35.00%
Cash and bank balances 2.73% 2.73%
Non-Current Liabilities
Long-term borrowings 56.01% 55.80%
Lease liabilities 10.23% 10.00%
Provisions 8.47% 8.25%
Deferred tax liability 3.40% 3.25%
Current Liabilties
Current portion of long term borrowings 5.20% 5.10%
Current portion of lease liabilities 3.06% 3.00%
Provisions 6.95% 6.90%
Service benefit obligations 0.23% 0.22%
Short-term borrowings 0.00% 0.00%
Trade and other payables 26.77% 26.60%
Unclaimed dividend 0.08% 0.07%
Derivative Financial instruments 0.00% 0.00%
Accrued Interest/mark up 1.20% 1.10%
Engro Polymer & Chemicals
Statement of Financial position
For the year ended december 31, 2020
(Amounts in thousand) .
Steady Growth
ASSETS
Non-Current Assets
Property, plant and equipment 36,186,640
Right-of-use asset 2,305,604
Intangible assets 101,971
Long-term investments 1,625,000
Finacial assests at amortised cost 4,660,833
Long-term loans and advances 29,286
Deferred tax asset -
44,909,334
Current Assets
Stores and loose tools 1,784,734
Stock-in trade 6,194,509
Trade debts - considered goods 586,212
Loans, advances and receivables 310,892
Income tax payment less provision 159,818
Financial assets at fair value through profit or loss 13,180,573
Current maturity of financia assets at amortised cost 964,120
Cash and bank balances 940,920
24,121,778
TOTAL ASSETS 69,031,112
EQUITY AND LIABILITIES
Equity
Ordinary share capital 9,089,233
Prefernce shares 3,000,000
Share premium 3,874,953
Unappropriated profits 10,106,711
26,070,897
Non-Current Liabilities
Long-term borrowings 19,790,152
Lease liabilities 3,614,312
Provisions 2,991,392
Deferred tax liability 1,199,672
27,595,528
Current Liabilties
Current portion of long term borrowings 1,836,333
Current portion of lease liabilities 1,080,561
Provisions 2,456,263
Service benefit obligations 79,539
Short-term borrowings -
Trade and other payables 9,458,730
Unclaimed dividend 28,149
Derivative Financial instruments -
Accrued Interest/mark up 425,112
15,364,687
42,960,215
TOTAL EQUITY AND LIABILITIES 69,031,112
Engro Polymer & Chemicals
Statement of profit or loss
For the year ended december 31, 2020
(Amounts in thousand except for earnings per share)
Targeted Senerio Steady Growth
36,038,026 Net Revenue
2,342,472 Cost of Sales
93,699
1,801,901 Gross profit
4,324,563
18,019 Distribution and marketing expenses
- Administrative expenses
44,618,680 Other expenses
Other income
1,891,832
5,957,086 Operating Profit
540,570 Finance Cost
306,323
162,171 Profit for the year before Taxation
12,613,309 Taxation
983,838
- Profit for the year after taxation
22,455,129
Earnings per share - basic
67,073,809
Earnings per share - diluted
9,089,233
3,000,000
3,874,953
7,759,482
23,723,668
20,109,218
3,603,803
2,973,137
1,171,236
27,857,394
1,837,939
1,081,141
2,486,624
79,284
-
9,586,115
25,227
-
396,418
15,492,747
43,350,141
67,073,809
Steady Growth 2019 Targeted Senerio
2020 2021
35,331,398 37,836,632 36,038,025.96
### (29,730,593) 23,785,097.13
10,949,269 8,106,039 12,252,929
(243,269) (391,624) 234,247
(549,854) (565,842) 540,570
(835,788) (1,214,558) 792,837
1,086,872 894,262 1,117,179
10,407,230 6,828,277 11,802,454
(2,191,097) (1,785,583) 2,162,282
8,216,133 5,042,694 9,640,172
(2,503,888) (1,339,192) 2,892,052
5,712,245 3,703,502 6,748,120
6.28 4.07 9.67
6.21 4.07 8.07
