financial statements analysis of attock petroleum company limited
TRANSCRIPT
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
LIHAHCIAF STATEJEHT AHAFYSIS
OL
ATTOCK ^ETPOFEUJ COJ^AHY FIJITED
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
ACKHO]FEDMJEHT
Lihaffy `y tbe mpace ol Af*jimbty Affab I did jahame to lihisb oup lihaf ~pogect( I ba|e
studied Tbe Ahafysis ol Lihahciaf Statejehts( It }as a beaftby feaphihm er~epiehce ahd
}epe |epy tbahkluf to jy ~pogect su~ep|isop Jp( J( Apil Jafiklop bis sihcepe mpatitude
ahd tecbhicaf muidahce tbpoumbout tbe ~pogect( I aj afso |epy tbahkluf to jy lpiehds
s~eciaffy }bo su~~opted je tbpoumbout tbe ~pogect ahd ma|e je tbe jopaf
ehcoupamejeht(
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
Tbis ~pogect is dedicated to jy
~apehts
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
ATTOCK ^ETPOFEUJ COJ^AHY FIJITED
A`out A^F
Attock ^etpofeuj Fijited "A^F) is ah associate coj~ahy ol tbe Attock Oif Mpou~ ol
Coj~ahies& }bicb is tbe ohfy luffy |epticaffy ihtempated Mpou~ ih tbe Oif , Mas sectop ol
^akistah ih|of|ed ih Er~fopatioh , ^poductioh& Pelihihm , Japketihm( A^F-s cop~opate
bead ollice is pemisteped ih Isfaja`ad(
Attock ^etpofeuj Fijited "A^F) is tbe 4tb Oif Japketihm Coj~ahy ih ^akistah to `e
mpahted a japketihm ficehse ih Le`puapy 1992( Tboumb a he} ehtpaht ih tbe liefd ol oif
japketihm& A^F bas jahamed to esta`fisb its ~pesehce ahd pe~utatioh as a ~pompessi|e
ahd dyhajic opmahiwatioh locusihm oh ~po|idihm quafity ahd eh|ipohjeht lpiehdfy
~etpofeuj ~poducts ahd sep|ices ih ^akistah ahd a`poad( Its steady ahd su`stahtiaffy
mpo}ihm japket sbape ahd custojep cohlidehce& }bicb it ehgoys& ape jahilestatiohs ol
A^F-s successluf ~oficies( A^F is ~apt ol tbe lipst luffy ihtempated Oif Coj~ahy ol tbe su`*
cohtiheht; A^Fs s~ohsops ihcfude ^bapaoh Cojjepciaf Ih|estjeht Mpou~ Fijited
"^CIMF) ahd Attock Mpou~ ol Coj~ahies(
^bapaoh Mpou~ is ehmamed ihtephatiohaffy ih di|epsilied ehtpe~peheupiaf acti|ities&
ihcfudihm Botefs& Oif Er~fopatioh& ^poductioh ahd Pelihihm& Jahulactupihm ol ^etpofeuj
^poducts& Cbejicafs& Jahulactupihm ahd Tpadihm ol Cejeht& Peaf Estate etc( Tbe Attock
Mpou~ ol coj~ahies cohsist ol Tbe Attock Oif Coj~ahy Fijited "AOC)& ^akistah Oifliefds
Fijited "^OF)& Attock Pelihepy Fijited "APF)& Attock ^etpofeuj Fijited "A^F)& Attock
Ihlopjatioh Tecbhofomy Sep|ices "^|t) Fijited "AITSF)& Attock Cejeht ^akistah Fijited
"AC^F) etc( AOC }as ihcop~opated }itb fijited fia`ifity ih Ehmfahd oh Decej`ep >1&
1913( Tbe coj~ahy is ~pihci~affy ehmamed ih er~fopatioh& dpiffihm ahd ~poductioh ol
~etpofeuj ahd pefated acti|ities ih ^akistah( AOC is tbe ~ioheep ih tbe oif sectop ih
^akistah( Its lipst oif disco|epy ih ^akistah }as jade ih Kbaup distpict Attock ih 1915( Tbe
pelihihm o~epatiohs }epe stapted ih 1900 at Jopmab heap Pa}af~ihdi(
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
\isioh
To `ecoje a }opfd cfass& ~polessiohaffy jahamed& luffy ihtempated& custojep locused&
Oif Japketihm Coj~ahy& ollepihm |afue added quafity ahd eh|ipohjeht lpiehdfy ~poducts
ahd sep|ices to its custojeps ih ^akistah ahd `eyohd(
Jissioh
To cohtihuousfy ~po|ide quafity ahd eh|ipohjeht lpiehdfy ~etpofeuj ~poducts ahd
pefated sep|ices to ihdustpiaf& cojjepciaf ahd petaif cohsujeps& ahd erceedihm tbeip
er~ectatiohs tbpoumb pefia`ifity& ecohojy ahd quafity ol ~poducts ahd sep|ices( ]e apecojjitted to `ehelitihm tbe cojjuhity ahd ehsupihm tbe cpeatioh ol a sale& pes~ohsi`fe
ahd ihho|ati|e eh|ipohjeht meaped to cfieht satislactioh& ehd usep mpatilicatioh&
ej~foyees- joti|atioh ahd sbapebofdeps |afue(
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
1*Fiquidity Patios]e }iff cafcufate loffo}ihm patios to detepjihe tbe fiquidity ol coj~ahy
i) Days Safes ih Pecei|a`fesii) Accouht Pecei|a`fes Tupho|epiii) Accouht Pecei|a`fes Tupho|ep ih Daysi|) Ih|ehtopy Tupho|ep|) Ih|ehtopy Tupho|ep ih Days|i) O~epatihm Cycfe|ii) ]opkihm Ca~itaf|iii) Cuppeht Patioir) Acid*Test / Quick Patior) Casb Patiori) Safes to ]opkihm Ca~itaf Patiorii) Days Safes ih Ih|ehtopy Patioriii) Days Safes ih Ih|ehtopy
1* Days Safes ih Pecei|a`fes Patio
Days safes ih pecei|a`fes ~po|ide ah estijate ol tbe huj`ep ol days& oh a|epame& tbat it takes lop
custojeps to ~ay tbeip accouht( Tbe |afue ol pecei|a`fes at yeap ehd pelepped to ih tbe patio is equaf to tbe
het `afahce altep deductihm ahy ~po|isioh lop `ad op dou`tluf de`ts; a|epame daify safes is equaf to totaf
het safes di|ided `y 3>5 0>>< 0>>= 0>>2 0>>9
Patio 9(4 10(40 0>(=> 02(55 4>(33
Tpehd ol patios ih Mpa~b
>
5
1>
15
0>
05
3>
35
4>
45
0>>5 0>>< 0>>= 0>>2 0>>9
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
Cojjehts7 Tbe Coj~ahys days safes ih pecei|a`fes patio bas ihcpeased cohstahtfy o|ep tbe ~epiod ol
tije( Tbis ihdicates tbe ~oop jahamejeht ol coj~ahy lop its pecei|a`fes coffectioh( Coj~ahy sboufd take
soje jeasupes to `pihm tbis patio do}h `ecause as jucb fohmep it takes to pecei|e tbe safes accouht it
}iff `pihm jope aj`imuity ih coffectioh ahd jay pesuft ih `ad de`ts(
0*Accouht Pecei|a`fes Tupho|ep PatioAh accouhtihm jeasupe used to quahtily a lipj-s ellecti|ehess ih ertehdihm cpedit as }eff as coffectihm
de`ts( Tbe pecei|a`fes tupho|ep patio is ah acti|ity patio& jeasupihm bo} elliciehtfy a lipj uses its assets(
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio 32(24 09(39 1=(>5 ahd it bas peacbed to 9(>< tijes ih yeap 0>>9 }bicb jay `e |epy bapjluf lop coj~ahy( Tbis decpease
afso sbo}s tbe ih ellecti|ehess ol ~oficies ol coj~ahy to}apds its pecei|a`fes coffectioh(
3*Accouht Pecei|a`fes Tupho|ep ih Days PatioTbis patio sbo}s tbe huj`ep ol days lop }bicb pecei|a`fes ape tpahslopjed ihto casb( i(e(; tbey ape
coh|epted ihto casb tbpoumb coffectioh(
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio9(4 10(40 0>(=> 02(55 4>(3>Tpehd ih Mpa~b
>
1>
0>
3>
4>
5>
0>>5 0>>< 0>>= 0>>2 0>>9
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
Cojjehts7 Accouht pecei|a`fes tupho|ep patio ih days bas ihcpeased }bicb jeahs tbat tbe coj~ahys
pecei|a`fes ape `eihm coffected ih bimbep ~epiod ol tije }bicb sbo}s tbe ihellecti|ehess ol coj~ahys
jahamejeht to}apds its pecei|a`fes coffectioh( Tbe patio }as 9(4 ih yeap 0>>5 ahd it ihcpeased to 4>(3> ih
yeap 0>>9 }bicb is 5 tijes mpeatep tbah ih yeap 0>>5( So coj~ahy doesht fook des~epate to coffect its
pecei|a`fes ih sboptep ~epiod ol tije( Tbe peasoh jay `e tbe pefared ~oficies ol coj~ahy to}apds its
coffectioh de~aptjeht( @ut coj~ahy sboufd ba|e to take jeasupes to `pihm tbis tije ~epiod do}h to
jake it supe tbat pecei|a`fes ape coffected ih tije(
>
1>
0>
3>
4>
5>
0>>5 0>>< 0>>= 0>>2 0>>9
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
4*Ih|ehtopy Tupho|ep PatioA patio sbo}ihm bo} jahy tijes a coj~ahy-s ih|ehtopy is sofd ahd pe~faced o|ep a ~epiod
IH\EHTOPY TUPHO\EP PATIO :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio 144(13 403(53 0>0(3= 15=( 0>< as coj~aped to yeap
0>>5 }bicb is a mood simh lop coj~ahy `ut it stapted to decpease ih yeap 0>>= ahd it luptbep
decpeased ih yeap 0>>2( Coj~ahy bas jahamed to pe `oost its safes ih yeap 0>>9 ahd ihcpeased tbe
tupho|ep patio ol ih|ehtopy ih yeap 0>>9( So coj~ahy bas a jirtupe ol tpehd ih tbe tupho|ep ol its
ih|ehtopy( Tbis ihdicates tbat coj~ahy bas tbe a`ifity to safe its ih|ehtopy at fapmep scafe il
jahamejeht takes ~po~ep actiohs(
5*Ih|ehtopy Tupho|ep Patio ih DaysTbis sbo}s tbat altep bo} jahy days tbe ih|ehtopy ol tbe coj~ahy is sofd(
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio 0(53 >(2< 1(2> 0(30 1(3=
Tpehd ih Mpa~b
Cojjehts7 Tbe ih|ehtopy tupho|ep patio ih days }as bimbest ih yeap 0>>5 ahd ih yeap 0>>2( It jeahs
tbat coj~ahy bas sofd ellecti|efy its ih|ehtopy ih yeap 0>>>= ahd 0>>9 }bepe its ih|ehtopy }as
sofd out ih gust 0 days( @ut ih yeap 0>>5 ahd yeap 0>>2 tbe coj~ahy }as hot a`fe to safe its ih|ehtopy
pemufapfy as coj~aped to otbep yeaps( Yet coj~ahy bas ij~po|ed o|ep fast yeap ahd its ih|ehtopy is
>
1>>
0>>
3>>
4>>
5>>
0>>5 0>>< 0>>= 0>>2 0>>9
>
>(5
1
1(5
0
0(5
3
0>>5 0>>< 0>>= 0>>2 0>>9
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
ho} `eihm sofd out ih ohe ahd bafl day }bicb is a mood simh lop coj~ahy( As jucb ih|ehtopy is sofd
tbe coj~ahy }iff eaph jope ~polit ahd it }iff sbo} tbe bimbep ~polita`ifity ol coj~ahy(
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
>5 0>>< 0>>= 0>>2 0>>9
Patio 03(=2 1>((>>= lpoj 3=(0< to 55(01 days( ]bicb
jeahs tbat ih 0>>< it takes ohfy 1> days to coj~fete o~epatihm cycfe `ut ho} ih 0>>9 it takes 55 days to
coj~fete a cycfe? Aftboumb tbis ~epiod bas decpeased lpoj fast yeap lpoj >5 0>>< 0>>= 0>>2 0>>9
Patio 1104 059054< 4>39024 54>5 to yeap
0>>9( Tbis is a mood simh lop tbe coj~ahy( Tbis ihcpease sbo}s tbe lihahciaf beaftb ol coj~ahy& tbe
>
0>
4>
2>
0>>5 0>>< 0>>= 0>>2 0>>9
>
1>>>>>>
0>>>>>>
3>>>>>>
4>>>>>>
5>>>>>>
>>>>>
0>>5 0>>< 0>>= 0>>2 0>>9
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
assets ol coj~ahy ape ihcpeasihm day `y day o|ep its fia`ifities( Tbe coj~ahy bas acquiped jahy
assets ahd its |afue is jucb jope tbah its fia`ifities(
2*Cuppeht PatioA fiquidity patio tbat jeasupes a coj~ahy-s a`ifity to ~ay sbopt*tepj o`fimatiohs
Cuppeht Patio :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio 1(51 1(01 1(42 1(41 1(5>
Tpehd ih Mpa~b
Cojjehts7 Cuppeht patio ol coj~ahy sbo}s tbe a`ifity to ~ay its sbopt tepj fia`ifities( Tbis patio basdecpeased a `it ih yeap 0>>< as coj~aped to yeap 0>>5( @ut coj~ahy bas jahamed to take it u~ ih yeap
0>>=( Ih yeap 0>>2 tbis patio bas afso decpeased }itb a |epy japmihaf allect( Ahd amaih ih yeap 0>>9
coj~ahys cuppeht patio bas ihcpeased ahd maihed tbe fe|ef as it }as ih yeap 0>>5( So tbis sbo}s tbat
coj~ahy is ih a mood ~ositioh to ~ay its sbopt tepj fia`ifities ahd it is jaihtaihihm adequate cuppeht assets
ahd pesep|e to jeet its cuppeht fia`ifities( Tbepe ape japmihaf cbahmes ih patio `ut tbey ba|e hot ahy `im
ij~act oh tbe ~polita`ifity ahd sbopt tepj de`t ~ayihm a`ifity ol coj~ahy(
9*Quick Patio / Acid*Test PatioAh ihdicatop ol a coj~ahy-s sbopt*tepj fiquidity( Tbe quick patio jeasupes a coj~ahy-s a`ifity to
jeet its sbopt*tepj o`fimatiohs }itb its jost fiquid assets( Tbe bimbep tbe quick patio& tbe `ettep tbe
~ositioh ol tbe coj~ahy
Quick Patio :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio 1(43 1(02 1(40 1(32 1(49
Tpehd ih Mpa~b
>
>(5
1
1(5
0
0>>5 0>>< 0>>= 0>>2 0>>9
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
Cojjehts7 Tbe quick patio ol coj~ahy bas decpeased ih yeap 0>>< as coj~aped to yeap 0>>5( @ut
coj~ahy took jeasupes ahd it amaih ihcpeased ih yeap 0>>= lpoj its ~pe|ious fe|ef( Coj~ahy bas a
japmihaf decpease ih yeap 0>>2 ahd a mood ihcpease ih yeap 0>>9( Tbis tpehd ol coj~ahy ih its quick patio
sbo}s tbat tbe coj~ahy bas a sehse ol jaihtaihihm mood ahd adequate luhds lop tbe ~ayjeht ol sbopt
tepj o`fimatiohs }itb its jost fiquid assets( Coj~ahy is jahamihm tbe assets quiet ellecti|efy ahd
elliciehtfy( Tbepe is ho heed to }oppy a`out coj~ahys de`t ~ayihm a`ifity ih sbopt tepjs(
1>* Casb PatioTbe patio ol a coj~ahy-s totaf casb ahd casb equi|afehts to its cuppeht fia`ifities( Tbe casb patio is jost
cojjohfy used as a jeasupe ol coj~ahy fiquidity( It cah tbepelope detepjihe il& ahd bo} quickfy& tbe
coj~ahy cah pe~ay its sbopt*tepj de`t( A stpohm casb patio is useluf to cpeditops }beh decidihm bo}
jucb de`t& il ahy& tbey }oufd `e }iffihm to ertehd to tbe askihm ~apty(
Casb Patio :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio >(94= >(9> >(=50 >((>5 ahd 0>>< `ut it decpeased a `it ih yeap
0>>= ahd 0>>2( Tbis sbo}s tbat coj~ahy decpeased jaihtaihihm tbe casb ahd casb equi|afehts to its
cuppeht fia`ifities( @ut ih yeap 0>>9& as it is a mood yeap lop tbe coj~ahy& tbe fe|ef ol casb ahd equi|afehts
bas afso ihcpeased }bicb is a mood simh lop coj~ahy( Tbis patio Is sbo}ihm tbat coj~ahy bas a soje
erteht to jeet its fiquidity situatioh( Ahd it cah quickfy ~ay its cuppeht o`fimatiohs( @ut tbepe is a ~oiht tbat
tbis patio bas decpeased lpoj yeap 0>>5& >(94= to >(>9(
11* Safes to ]opkihm Ca~itaf Patio
1(1
1(0
1(3
1(4
1(5
1(>5 0>>< 0>>= 0>>2 0>>9
>
>(5
1
0>>5 0>>< 0>>= 0>>2 0>>9
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
Tbis patio sbo}s tbe ajouht ol casb pequiped to jaihtaih a ceptaih fe|ef ol safes( It is jost ellecti|e }beh
tpacked oh a tpehd fihe& so tbat jahamejeht cah see il tbepe is a fohm*tepj cbahme ih tbe ajouht ol casb
pequiped `y tbe `usihess ih opdep to mehepate tbe saje ajouht ol safes(
Safes to ]C Patio :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio 14(4< 31(39 1=(>0 13(12 11(31
Tpehd ih Mpa~b
Cojjehts7 Safes to }opkihm ca~itaf patio bas a decpeasihm tpehd lpoj yeap 0>>= to yeap 0>>9( It
ihcpeased ih yeap 0>>< ohfy( Tbis jeahs tbat coj~ahy pequipes le}ep ajouhts to lihahce ahd jaihtaih
tbe fe|ef ol safes lop tbe ~apticufap yeap( Tbe ajouht pequiped to mehepate tbe fe|ef ol safes is fo}ep so it
jeahs tbat coj~ahy doesht heed jucb johey lop its safes ~pocess(
>
51>
15
0>
05
3>
35
0>>5 0>>< 0>>= 0>>2 0>>9
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
SUJJAPY OL FIQUIDITY PATIOS
Patio 0>>5 0>>< 0>>= 0>>2 0>
Days Safes ih Pecei|a`fes 9(4 10(40 0>(=> 02(55 4>(3A/P Tupho|ep 32(24 09(39 1=((=> 02(55 4>(3
Ih|ehtopy Tupho|ep 144(13 403(53 0>0(3= 15=( 0(2< 1(2> 0(30 1(3=
O~epatihm Cycfe 03(=2 1>((9> >(=50 >((0 13(12 11(3
COJJEHTS OH O\EPAFF FIQUIDITY
Il }e coj~ape days pecei|a`fes lop se|epaf yeaps tbe fehmtb ol tbe tije tbat pecei|a`fes
ba|e `eeh outstahdihm "mi|es ahd ihdicatioh ol tbeip coffecta`ifity) ihcpease }bicb sbo}s
ihellicieht jahamejeht to coffect ajouht lpoj pecei|a`fes( Accouht pecei|a`fes ihdicate
tbe fiquidity ol tbe pecei|a`fes }bicb sbo}s cohtihuousfy hemati|e tpehd lpoj 0>>5 to
0>>9( Tbe accouht pecei|a`fes tupho|ep ih days afso sbo}s hemati|e tpehd `ecause it
ihcpease yeap `y yeap( Ih|ehtopy tupho|ep lfuctuate }bicb sbo}s hot a ~ositi|e tpehd( Ihyeap 0>>9 ahd 0>>< tbe ih|ehtopy tupho|ep ih days decpeases }bicb sbo}s a la|opa`fe
tpehd( O~epatihm cycfe ih yeaps 0>>< ahd 0>>9 decpeased& }bicb is ~ositi|e tpehd(
]opkihm ca~itaf ihcpeases cohtihuousfy }bicb sbo}s tbat coj~ahy is sta`fe `ecause its
cuppeht assets ape bimbep tbah its fia`ifities due tbis coj~ahy sbopt*tepj sof|ehcy
cbahces ape jihijuj( Erce~t ih yeap 0>>< ahd 0>>2 tbe coj~ahy cuppeht patios
ihcpease }bicb sbo}s coj~ahy cah easify ~ay its sbopt*tepj de`t( Acid test patio afso
ihcpease erce~t ih yeap 0>>< ahd 0>>9 }bicb sbo}s coj~ahy bas ehoumb fiquid assets
to ~ay its fia`ifities( Ih 0>>9 coj~ahy casb patio is bimb }bicb ihdicates tbat tbe lipj is
hot usihm its casb to its `est ad|ahtame& casb sboufd `e `ut to }opk ih tbe o~epatiohs ol
tbe coj~ahy( Safes to }opkihm ca~itaf patio is fo}& ihdicates ah uh~polita`fe use ol
}opkihm ca~itaf so tbe coj~ahy jahamejeht sboufd take ste~s to jarijiwe tbe usame
ol its }opkihm ca~itaf(
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
16/36
JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
0* polita`ifity PatiosA cfass ol lihahciaf jetpics tbat ape used to assess a `usihess-s a`ifity to
mehepate eaphihms as coj~aped to its er~ehses ahd otbep pefe|aht costs ihcuppeddupihm a s~ecilic ~epiod ol tije( Lop jost ol tbese patios& ba|ihm a bimbep |afue
pefati|e to a coj~etitop-s patio op tbe saje patio lpoj a ~pe|ious ~epiod is ihdicati|e
tbat tbe coj~ahy is doihm }eff(
Loffo}ihm patios }iff `e cafcufated lop detepjihihm tbe o|epaff ~polita`ifity ol Attock
^etpofeuj Coj~ahy Fijited(
i) Het ~polit Japmihii) Totaf Assets Tupho|epiii) Petuph oh Assetsi|) O~epatihm Ihcoje Japmih|) O~epatihm Assets Tupho|ep|i) Petuph oh O~epatihm Assets|ii) Du^oht Patio|iii) Petuph oh Ih|estjeht "POI)ir) Petuph oh Equity "POE)r) Petuph oh Cojjoh Equity "POC)ri) Mposs ^polit Japmih
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
17/36
JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
1*Het ^polit Japmih PatioA cojjohfy used ~polit jeasupe is petuph oh safes& olteh tepjed as het ~polit japmih( Il a coj~ahy
pe~opts tbat it eaphed 5 0>>< 0>>= 0>>2 0>>9
Patio 4(>< }beh it is coj~aped to yeap 0>>5( @ut
coj~ahy bas jahamed to `oost its het ~polit lpoj yeap 0>>= to yeap 0>>9( Tbis is a mood ihdicatioh lop
coj~ahy `ecause tbe ~polit eaphihms patio is ihcpeasihm yeap `y yeap( Tbe ohfy yeap ih }bicb H^ japmih
patio }as decpeased is 0>>< `ut altep tbat coj~ahy bas peco|eped ahd jaihtaihed a mood fe|ef ol
eaphihms(
0*Totaf Assets Tupho|ep PatioTotaf assets tupho|ep patio jeahs tbe acti|ity ol tbe assets ahd tbe a`ifity ol tbe lipj to mehepate tbe safes
tbpoumb tbe use ol tbe assets( Tbe totaf assets tupho|ep patio jay `e cafcufated as loffo}s
TOTAF ASSETS TUPHO\EP :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio 5(04 9(>4 5(>5 0>>< 0>>= 0>>2 0>>9
H^ Japmih
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
18/36
JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
Cojjehts7 Tbe totaf assets tupho|ep patio }as ihcpeased ih 0>>< }itb a mpeat allect `ut altep tbat it
decpeased cohstahtfy( Tbis jeahs tbat coj~ahy is hot usihm its assets to mehepate tbe safes fe|ef as it
sboufd( So coj~ahy jahamejeht sboufd take jeasupes to ihcpease tbe fe|ef ol totaf asset tupho|ep patio
so tbat its assets ape luffy utifiwed( Cuppehtfy coj~ahy is hot }opkihm mood to use its assets ahd jeasupes
ape pequiped to `e takeh(
>
5
1>
0>>5 0>>< 0>>= 0>>2 0>>9
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
19/36
JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
3*Petuph oh Assets PatioPetuph oh assets jeasupes tbe lipjs a`ifity to utifiwe its assets to cpeate ~polits `y coj~apihm ~polits }itb
tbe assets tbat mehepate tbe ~polits( Tbis patio cah `e cafcufated as loffo}s
PETUPH OH ASSETS :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio 04(35 3>(24 00(12 01(5= 12(05
Tpehd ih Mpa~b
Cojjehts7 Coj~ahy bas a japmihaf ihcpeased ih yeap 0>>< ol petuph oh its assets `ut altep tbat yeap
coj~ahy laifed to utifiwe its assets ahd mehepate adequate petuph oh its assets( It jeahs tbat coj~ahy is
hot usihm its assets }eff ahd jeasupes ahd actiohs ape heeded to `e takeh( Tbe patio bas decfihed lpoj
04(35 tijes to 12(05 tijes lpoj yeap 0>>5 to yeap 0>>9( So tbepe jay `e a ~po`fej ih jahamejeht ol
tbese assets `ecause tbey ape hot `eihm luffy utifiwed to eaph ahd mehepate johey(
4*O~epatihm Ihcoje Japmih PatioTbis patio ihcfudes ohfy o~epatihm ihcoje ih tbe hujepatop( Tbis cah `e coj~uted as loffo}s
O^EPATIHM IHCOJE JAPMIH PATIO :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio 5(>9& aftboumb& tbe o~epatihm japmih patio bas decpeased `ut it is hot jucb simhilicaht ahd it }iff
ba|e hot ahy jatepiaf ellect oh tbe ~polita`ifity ol tbe coj~ahy(
>
0>
4>
0>>5 0>>< 0>>= 0>>2 0>>9
>
0
4
>5 0>>< 0>>= 0>>2 0>>9
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
20/36
JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
5*O~epatihm Assets Tupho|ep PatioTbis patio jeasupes tbe a`ifity ol tbe o~epatihm assets to mehepate safes doffaps/pu~ees(Tbis patio cah `ecafcufated tbpoumb loffo}ihm lopjufa
O^EPATIHM ASSET TUPHO\EP :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio 4(0> 9(5 5(95 4(5> 3(20
Tpehd ih Mpa~b
Cojjehts7 O~epatihm assets tupho|ep patio }as bimbep ih yeap 0>>< }beh it is coj~aped to fast 5 yeaps`ut it stapted to decpease o|ep a ~epiod ol tije ahd peacbed at its fo}ep |afue 3(20 ih yeap 0>>9 }bicb is
hot a mood simh lop tbe coj~ahy( Tbe coj~ahy is hot usihm its o~epatihm assets allecti|efy to mehepate
~po~ep ahd adequate johey( So coj~ahy jahamejeht heeds to take soje coppecti|e actiohs to ehbahce
tbe o~epatihm asset tupho|ep patio(
>5 0>>< 0>>= 0>>2 0>>9
Patio 04(35 3>(24 00(12 01(5= 12(05
Tpehd ih Mpa~b
Cojjehts7 Tbe petuph oh o~epatihm assets bas afso decpeased o|ep ~epiod ol tije altepyeap 0>>
5
1>
0>>5 0>>< 0>>= 0>>2 0>>9
>
0>
4>
0>>5 0>>< 0>>= 0>>2 0>>9
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
22/36
JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
=*Petuph oh Ih|estjeht PatioTbe petuph oh ih|estjeht a~~fies to patios jeasupihm tbe ihcoje eaphed oh tbe ih|ested ca~itaf( Tbese
ty~es ol jeasupes ape }idefy used to e|afuate ehtep~pise ~eplopjahce( Tbis patio e|afuates tbe eaphihms
~eplopjahce ol tbe lipj }itbout pemapd to tbe }ay tbe ih|estjeht is lihahced( It jeasupes tbe eaphihms oh
ih|estjeht ahd ihdicates bo} }eff tbe lipj utifiwes its asset `ase(
PETUPH OHIH\ESTJEHT "POI) :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio (=0 55(>< }bicb }as a mood simh lop coj~ahy
`ut altep tbat yeap tbe patio bas decfihed o|ep tbe ~epiod ol tije( Tbe coj~ahy tpied to peco|ep ih yeap
0>>2 `ut }as hot a`fe to maih tbe ~pe|ious fe|ef ol POI ahd ho} tbe coj~ahy is eaphihm petuph oh
ih|estjeht at its fo}ep |afue as coj~aped to its fast 5 yeaps( So coj~ahy bas to take soje coppecti|e
actiohs& il it }ahts to mehepate adequate petuph oh its ih|estjehts(
>
5>
1>>
15>
0>>5 0>>< 0>>= 0>>2 0>>9
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
23/36
JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
2*Petuph oh EquityTbe petuph oh totaf equity jeasupes tbe petuph to `otb cojjoh ahd ~pelepped sbapebofdeps( Tbis is
cafcufated tbpoumb loffo}ihm lopjufa
PETUPH OHEQUITY :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio 45(45 2 5>(>4 4=(=0 43(50
Tpehd ih Mpa~b
Cojjehts7 Petuph oh equity }as bimbep ih yeap 0>>< `ut altep yeap 0>>< it stapted to decfihe( Tbe
coj~ahy }as hot a`fe to ~ay tbe equity sbapebofdeps ah adequate luhd ahd it is ho} decpeasihm yeap `y
yeap( Tbepe jay `e a fot ol peasohs ol decpease ih petuph oh equity tbat coj~ahy is tpyihm to kee~ soje
eaphihm ih its pesep|es to ih|est ih soje lutupe o~~optuhities op soje otbep ~up~oses( So tbis decisioh
de~ehds u~oh tbe jahamejeht ol coj~ahy tbat bo} tbey bahdfe tbe totaf eaphihms ahd bo} jucb tbey
petuph oh its equity(
9*Petuph oh Cojjoh EquityTbis patio jeasupes tbe petuph to tbe cojjoh sbapebofdep& tbe pesiduaf o}heps( ]e cah coj~ute tbispatio as loffo}s
PETUPH OH COJJOHEQUITY :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio 45(45 2 5>(>4 4=(=0 43(50
Tpehd ih Mpa~b
>
5>
1>>
0>>5 0>>< 0>>= 0>>2 0>>9
>
0>
4>
2>
0>>5 0>>< 0>>= 0>>2 0>>9
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
24/36
JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
Cojjehts7 Tbis patio sbo}s tbat bo} jucb sbapebofdeps ape mettihm lop tbeip sbape ih coj~ahy( Tbe
patio is decpeasihm cohstahtfy altep yeap 0>>< so tbepe is a jahamejeht decisioh ih|of|ed ih it as }betbep
tbey }aht to ~ay jope op fess to its sbapebofdeps(
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
1>* Mposs ^polit JapmihMposs ~polit equafs tbe dillepehce `et}eeh het safes pe|ehue ahd tbe cost ol moods sofd( Tbe cost ol
moods sofd is tbe `emihhihm ih|ehtopy ~fus ~upcbases jihus tbe ehdihm ih|ehtopy( Coj~apihm mposs ~polit
to tbe het safes is tepjed as mposs ~polit japmih patio( Ahd tbis patio cah `e cafcufated as loffo}s
MPOSS ^POLIT JAPMIH :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio 4(35 4(44 4(>5 ahd ho} it is
5(30 ih yeap 0>>9 }bicb is a mood simh(
>
0
4
>5 0>>< 0>>= 0>>2 0>>9
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
SUJJAPY OL ^POLITA@IFITY PATIOS
Patio 0>>5 0>>< 0>>= 0>>2 0>Het ~polit japmih 4(4 5(4 4=(=0 43(50
Petuph oh cojjoh Equity 45(45 2 5>(>4 4=(=0 43(50
M^ Japmih 4(35 4(44 4(>< ahd 0>>= }bife totaf asset
tupho|ep sbo}s tbe decpeasihm tpehd o|ep tbe yeaps( O~epatihm ihcoje japmih bas
ihcpeased o|ep tbe yeaps due to ellicieht jahamejeht ol adjih ahd seffihm er~ehses as
}eff as Mposs ~polit pejaihs cohstaht erce~t ih 0>>
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
3* De`t ~ayihm a`ifity PatiosAhafysis ol ohfy tbe fiquidity op ~polita`ifity patios doesht mi|e us tpue ~ictupe ol lipjs
~eplopjahce( ]e ba|e to cafcufate patios to cbeck }betbep coj~ahy is usihm its de`t
elliciehtfy ahd takihm jeasupes to ~ay*oll its de`t as it sboufd(
Tbis ahafysis ihdicates tbe ajouht ol luhds ~po|ided `y outsideps ih pefatioh to tbose
~po|ided `y o}heps ol tbe lipj( Il a bimbep ~po~optioh ol tbe pesoupce bas `eeh
~po|ided `y tbe outsideps& tbe lipj is bimbep ih pisk ahd pisk su`stahtiaffy sbilted to tbe
outsideps( A fapme ~po~optioh ol de`t ih tbe ca~itaf stpuctupe ihcpeases tbe pisk ol hot
jeetihm tbe ~pihci~af op ihtepest o`fimatioh `ecause tbe coj~ahy jay hot mehepa
adequate luhds to jeet tbese o`fimatiohs(
]e }iff cafcufate loffo}ihm patios to ahafywe de`t ~ayihm a`ifity ol lipj
i) Tijes ihtepest Eaphed Patioii) Lired Cbapme Co|epame Patioiii) De`t Patioi|) De`t to Equity Patio
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
1*Tijes Ihtepest Eaphed PatioTbe tijes ihtepest eaphed patio ihdicates a lipjs fohmep tepj de`t*~ayihm a`ifity lpoj tbe
ihcoje statejeht |ie}( Il tbe tijes ihtepest eaphed ape adequate& fittfe dahmep erists tbat tbe
lipj }iff hot `e a`fe to jeet its ihtepest o`fimatiohs(
TIJESIHTEPEST EAPHED :
TIJESIHTEPEST EAPHED :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio MPA^B CAHT @E ^PESEHTED LOP TBIS PATIO
Cojjehts oh Patio7
As coj~ahy is usihm ho de`t so tbepe is ho tijes ihtepest eaphed lop tbis coj~ahy(
0*Lired Cbapme Co|epame PatioTbe lired cbapme co|epame patio ihdicates a lipjs a`ifity to co|ep lired cbapme( It is coj~uted as
loffo}s
LIRED CBAPME CO\EPAME PATIO :
LIRED CBAPME CO\EPAME PATIO :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio
MPA^B CAHT @E ^PESEHTED LOP TBIS PATIO
Cojjehts oh Patio7
Tbe coj~ahy is usihm ho de`t so lired cbapme co|epame patio cahhot `e cafcufated
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
3*De`t PatioTbe de`t patio ihdicates tbe lipjs fohm tepj de`t ~ayihm a`ifity( It is coj~uted as loffo}s
DE@T PATIO :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio >(52 >((((>< as coj~aped to 0>>5 loffo}ihm
yeap 0>>2 `ut it bas decpeased ih yeap 0>>= ahd 0>>9 so tbepe is a jirtupe ol tpehd ih de`t patio
ol coj~ahy( Tbe coj~ahys totaf fia`ifities bas ihcpeased ih yeap 0>>< ahd 0>>2 `ut coj~ahy
bas jahamed to `pihm it do}h heap to yeap 0>>5 patio as it is >(>9 ahd >(52 ih 0>>5( So
tbepe is ho jatepiaf ellect ol tbis patio oh coj~ahys de`t ~ayihm a`ifity(
4*De`t to Equity PatioTbe De`t/Equity patio is ahotbep coj~utatioh tbat detepjihes tbe ehtitys fohm tepj de`t ~ayihm
a`ifity ahd is coj~uted as loffo}s
DE@T TO EQUITY PATIO :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio >71>> >71>> >71>> >71>> >71>>Tpehd ih Mpa~b
>(5
>(55
>(((=
0>>5 0>>< 0>>= 0>>2 0>>9
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
Cojjehts7 Tbe Coj~ahy is usihm ho de`t so tbe de`t to equity patio af}ays pejaihs >71>>(
Ahd tbepe is ho cbahme tbpoumbout tbe ~epiod ol 5 yeaps(
>
5>
1>>
15>
De`t
Equity
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
SUJJAPY OL DE@T ^AYIHM PATIOS
Patio 0>>5 0>>< 0>>= 0>>2 0>>9Tijes ihtepest eaphed
Lired cbapme co|epame
De`t Patio >(52 >((((71>> >71>> >71>> >71>> >71>>
COJJEHTS OH O\EPAFF PATIOSTbe coj~ahy& as sbo}h ih a`o|e cafcufatiohs& is usihm ho de`t( So tbepe is ho tijes
ihtepest eaphed patio ahd lired cbapme co|epame patio( Tbe coj~ahys de`t patio bas
|apied lpoj yeap 0>>5 to yeap 0>>9 lpoj >(52 to >(71>> `ecause coj~ahy is
puhhihm oh 1>>% equity ahd ho de`t ape used(
Lihaffy il coj~ahy is cohsidepihm takihm foah lop its ca~itaf er~ehditupe ~up~oses
it cah do so `ecause tbis coj~ahy bas mood a`ifity to ~ay its de`t ahd `ohd patihm ol
coj~ahy is afso mood(
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
4* Patios lpoj Ih|estops \ie}Loffo}ihm ape tbe patios }e }iff cafcufate
i( Dempee ol o~epatihm Fe|epameii( Eaphihms ~ep sbapeiii( ^pice Eaphihms Patioi|( Di|idehd ^ayout Patio|( Di|idehd Yiefd|i( @ook \afue ^ep Sbape|ii( Casb Di|idehds
1*Dempee ol O~epatihm Fe|epameTbis detepjihes tbe patio erteht to }bicb coj~ahy is usihm fe|epame lop its o~epatiohs( T is cafcufated as
loffo}s
DEMPEE OL O^EPATIHM FE\EPAME :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio > > > > >Dempee ol o~epatihm fe|epame is wepo so its mpa~b cah&t `e sbo}h
Cojjehts7Tbe use ol de`t ih lihahcihm tbe asset is caffed lihahciaf fe|epame( Attock ~etpofeuj fijited is
1>>% equity lihahced coj~ahy so it does hot use ahy de`t tbat is }by its dempee ol lihahciaf fe|epame }iff
pejaih wepo tbpoumbout tbe }bofe li|e yeaps(
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
0*Eaphihms ^ep SbapeTbis patio sbo}s tbat bo} jucb sbapebofdeps ape mettihm lop tbeip ohe sbape( It is cafcufated as loffo}s
EAPHIHMS ^EPSBAPE :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio =(99 04(12 3>(>1 45(2< 53(51
Tpehd ih mpa~b
Cojjehts7 Eaphihm ~ep sbape is tbe ajouht ol het ihcoje oh tbe sbape ol cojjoh stock( Tbe bimbep tbis
patio tbe jope tbe attpactioh lop tbe ih|estop( Ih tbe a`o|e cafcufated patios ol Attock ~etpofeuj fijited
eaphihm ~ep sbape moes oh ihcpeasihm lpoj yeap 0>>5 to 0>>9 }bicb is a mood simh lop tbe coj~ahy ahd
afso lop tbe ih|estop(
3* pice Eaphihms PatioTbis patio cah `e cafcufated as loffo}s
^PICEEAPHIHM PATIO :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio 13(=3 9(02 13(90 9(43 5(94
Tpehd ih mpa~b
>
0>
4>
0>>5 0>>< 0>>= 0>>2 0>>9
>
5
1>
15
0>>5 0>>< 0>>= 0>>2 0>>9
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
Cojjehts7 ^pice eaphihm sbo}s bo} jucb ajouht ah ih|estop is peady to ~ay to eaph ohe doffap (Bepe
~pice eaphihms patio is 13(=3 ih 0>>5 }bife it is 5(94 ih 0>>9 tbat it kee~ oh decpeasihm tbat sbo}s a mood
simh lop tbe ih|estop(
4*Di|idehd ^ayout PatioTbis patio sbo}s tbat bo} jucb tbe coj~ahy is ~ayihm out ol its ihcoje ahd tbis is coj~uted ih %ame(
Tbe lopjufa lop cafcufatihm tbis patio is as uhdep
DI\IDEHD ^AYOUT PATIO :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio 43(44 34(4= 30(4< 3< to 0>>9(tbat is a mood simh lop tbe ih|estop( Tbispatio is `eheliciaf es~eciaffy lop tbe sbopt tepj ih|estop }bo mehepaffy fooks o|ep tbe ~ayout patio(
>
0>
4>
0>>5 0>>< 0>>= 0>>2 0>>9
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
IHTEPHATIOHAF ISFAJIC UHI\EPSITY & ISFAJA@AD
5*Di|idehd YiefdTbis is coj~uted `y loffo}ihm lopjufa
DI\IDEHD YIEFD :
Yeap 0>>5 0>>< 0>>= 0>>2 0>>9
Patio 3(11 4(>= 3(5= 3(25 9(15 0>>< 0>>= 0>>2 0>>9
Patio 05 5>(0> 2
5
0>>5 0>>< 0>>= 0>>2 0>>9
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7/23/2019 Financial Statements Analysis of Attock Petroleum Company Limited
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JUBAJJAD BUJAYUH JAQ@OOF 325>*LJS/J@A/L>2 ATTOCK ^ETPOFEUJ COJ^AHY
Tpehd ih mpa~b
Cojjehts7 Tbe `ook |afue ~ep sbape bas ihcpeased o|ep tbe fast 5 yeap `y Ps(9=/sbape( Tbis sbo}s tbe
coj~ahys sta`ifity ahd ~pesehce ih japket(
SUJJAPY OL IH\ESTOP PATIOS
Patio 0>>5 0>>< 0>>= 0>>2 0>>9Dempee ol O~epatihm fe|epame * * * * *
Eaphihm ~ep sbape =(99 04(12 3>(>1 45(2< 53(51
^pice Eaphihm Patio 13(=3 9(02 13(90 9(43 5(94
Di|idehd ~ayout Patio 43(44% 34(4=% 30(41
>>
15>
0>>9 0>>2 0>>= 0>>< 0>>5