GPH ISPAT LIMITED

FINANCIAL STATEMENTS FROM 2014 TO 2018

Contents
Cover Page
Income Statement
Balance Sheet
Cash Flow Statement
Statement of Changes in Equity
Ratio Analysis
Common Sizing-Balance Sheet
Common Sizing-Income Statement
Common Sizing-Cash Flow Statement

Content Creator
Md. Sakib Hossain
ID No. SM-030-113
Section: B
Course Code: IB-206
Department of International Business
University of Dhaka

Prepared for
Dr. Suborna Barua
Associate Professor
Department of International Business
University of Dhaka
GPH ISPAT LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT YEAR END
Particulars Notes 2014 2015
ASSETS
NON CURRENT ASSETS 1,831,431,295 1,758,280,062
Property, Plant and Equipment 1,653,993,556 1,602,247,723
Capital Work-in-Progress - -
Intangible Asset 720,000 630,000
Investment 176,717,739 155,402,339

CURRENT ASSETS 4,015,048,082 4,245,588,483

ShortTerm Investment 198,694,898 222,278,247
Advances, Deposits and Prepayments 255,000,648 637,632,353
Inventories 2,488,344,541 2,260,144,618
Trade Receivables 1,029,049,013 989,400,218
Cash and Cash Equivalents 43,958,982 136,133,047

TOTAL ASSETS 5,846,479,377 6,003,868,545

EQUITY AND LIABILITIES

SHAREHOLDERS' EQUITY 1,930,967,775 2,045,236,997
Share Capital 1,188,000,000 1,247,400,000
Share Premium 388,000,000 388,000,000
Tax holiday reserve 13,554,021 -
Retained Earnings 341,413,754 409,836,997

NON CURRENT LIABILITIES 280,105,458 634,356,633

Long Term Loan 126,356,058 502,256,691
Finance Lease Obligations 50,498,231 29,174,027
Deferred Tax Liability 103,251,169 102,925,915

CURRENT LIABILITIES AND PROVISIONS 3,635,406,144 3,324,274,915

Current Portion of Long Term Loan 53,977,759 65,182,930
Current Portion of Finance Lease Obligations 21,732,892 21,877,632
ShortTerm Borrowings 3,100,852,139 2,922,047,896
Creditors and Accruals 367,374,612 223,249,125
Provision for Tax 91,468,742 91,917,332

Total Liabilities 3,915,511,602 3,958,631,548

TOTAL SHAREHOLDERS' EQUITY & LIABILITIES 5,846,479,377 6,003,868,545

Net Asset Value per Share(NAVPS) 16.25 16.40
Market price per share 41.0 32.5
No. of Shares 118,800,000 124,740,000

Error Checking Matched Matched

 Go to Cover Page
Income Statement
Balance Sheet
Cash Flow Statement
2016 2017 2018 Statement of Changes i

2,107,531,015 4,746,153,926 14,093,479,693

1,537,845,553 1,645,280,683 2,433,275,880
254,959,924 2,735,692,870 11,285,676,865
1,161,000 999,000 1,164,431
313,564,538 364,181,373 373,362,517

8,186,724,848 8,120,052,898 8,600,764,720

308,794,493 2,443,736,696 1,886,025,036
1,060,118,605 1,110,464,916 1,993,941,113
3,063,485,982 2,454,596,463 2,862,785,186
1,122,973,036 1,799,922,366 1,633,664,201
2,631,352,732 311,332,457 224,349,184

10,294,255,863 12,866,206,824 22,694,244,413

4,819,087,643 5,035,603,612 5,528,937,420

3,118,500,000 3,118,500,000 3,274,425,000
1,136,440,000 1,136,440,000 1,136,440,000
(2,753,307) 16,679,301 22,350,684
566,900,950 763,984,311 1,095,721,736

457,038,391 1,948,609,409 8,588,537,548

323,073,319 1,720,967,205 8,359,030,241
18,808,970 101,164,102 75,413,042
115,156,102 126,478,102 154,094,265

5,018,129,829 5,881,993,803 8,576,769,445

47,613,367 60,340,400 280,862,291
14,017,261 22,001,232 25,931,192
4,254,214,515 4,971,423,126 7,254,491,296
591,253,677 644,846,114 841,587,359
111,031,009 183,382,931 173,897,307

5,475,168,220 7,830,603,212 17,165,306,993

10,294,255,863 12,866,206,824 22,694,244,413 -

 15.45 16.15 16.89
27.3 20.3 34.0
311,850,000 311,850,000 327,442,500

Matched Matched Matched

Cover Page Ratio Analysis
Income Statement Common Sizing-Balance Sheet
Balance Sheet Common Sizing-Income Statement
Cash Flow Statement Common Sizing-Cash Flow Statement
Statement of Changes in Equity
GPH ISPAT LIMITED
STATEMENT OF PROFIT & LOSS
AS AT YEAR END
Particulars Notes 30-Apr-14 30-Apr-15
Gross Revenue 4,775,133,818 6,072,946,736
Value Added Tax 64,090,386 84,550,207
Net Revenue 4,711,043,432 5,988,396,529
Cost of Sales 3,820,968,112 5,086,543,324
Gross Profit 890,075,320 901,853,205
Operating Expenses
Administrative Expenses 74,882,997 87,447,213
Selling and Distribution Expenses 79,700,199 82,717,471
154,583,196 170,164,684
Operating Profit 735,492,124 731,688,521

Financial Expenses 329,037,017 334,134,686

Non-Operating Income 26,336,685 25,026,382
Changes in Fair Value of Tradable Securities 1,155,046 21,372,900
(303,855,378) (330,481,204)

Profit before Distribution of WPP & WF 431,636,746 401,207,317

Contribution to WPP & WF 21,581,837 20,060,366

Profit before Tax & Reserve 410,054,909 381,146,951

Provision for Tax
Current (89,422,793) (89,002,983)
Deferred (41,779,066) 325,254
(131,201,859) (88,677,729)
Profit after Tax 278,853,050 292,469,222

Earning Per Share 2.35 2.34

 Go to

30-Jun-16 30-Jun-17 30-Jun-18

7,084,542,250 7,955,715,990 9,923,406,006
116,782,333 116,149,952 109,304,886
6,967,759,917 7,839,566,038 9,814,101,120
5,808,386,640 6,465,845,702 8,211,556,579 81.1% 84.9% 83.4% 82.5%
1,159,373,277 1,373,720,336 1,602,544,541 19% 15% 17% 18%

121,950,503 127,880,015 150,634,386 1.6% 1.5% 1.8% 1.6%

118,504,533 151,075,061 175,643,139
240,455,036 278,955,076 326,277,525
918,918,241 1,094,765,260 1,276,267,016

451,143,812 493,780,124 566,614,721

37,827,010 200,927,742 173,405,115
(6,962,076) - -
(406,354,726) (292,852,382) (393,209,606)

512,563,515 801,912,878 883,057,410

25,628,176 40,095,644 44,152,871

486,935,339 761,817,234 838,904,539

(108,336,506) (179,191,873) (167,700,951)

(12,230,187) (11,322,000) (27,616,163)
(120,566,693) (190,513,873) (195,317,114)
366,368,646 571,303,361 643,587,425

1.17 1.83 1.97

Cover Page Ratio Analysis
Income Statement Common Sizing-Balance Sheet
Balance Sheet Common Sizing-Income Statement
Cash Flow Statement Common Sizing-Cash Flow Statement
Statement of Changes in Equity

83.7%
16%

1.5%
GPH ISPAT LIMITED
STATEMENT OF PROFIT & LOSS
AS AT YEAR END
Particulars Notes 2014 2015
CASH FLOW FROM OPERATINGACTIVITIES
Collection from sales and other income 4,511,803,226 6,047,785,367
Cash Payments to suppliers, employees and expenses (4,141,462,795) (5,465,157,806)
Net cash Inflow (outflow) from Operating Activities 370,340,431 582,627,561

CASH FLOW FROM INVESTING ACTIVITIES

Acquisition of Property, plant and equipment (114,555,397) (56,874,156)
Sale proceeds of property,plant and equipment 123,000
Capital work-in-progress
Investment (137,704,829) (57,500)
Intangible Asset
Dividend Income from Investmentinto Shares 1,993,956 2,913,044
ShortTerm Investment (198,694,898) (23,583,349)
Net cash Inflow (outflow) fromInvesting Activities (448,961,168) (77,478,961)

CASH FLOW FROM FINANCINGACTIVITIES

ShortTerm Loan 460,712,349 (167,599,072)
Long Term Loan (20,439,701) 375,900,633
Lease Obligation 10,874,612 (21,179,464)
Cash Dividend Paid (161,530,150) (177,407,553)
Finance Costs (329,037,017) (334,134,686)
Proceeds of Ordinary Share Capital
Share premium
Income tax paid (43,786,141) (88,554,393)
Net cash Inflow (outflow) from Financing Activities (83,206,048) (412,974,535)

Net Increase in Cash & Cash Equivalents (161,826,785) 92,174,065

Cash andcash equivalents at the beginning 205,785,767 43,958,982
Cash and cash equivalents at the end 43,958,982 136,133,047

Net Operating Cash Flow Per Share 3.12 4.67

 Go to

2016 2017 2018

6,864,599,757 7,354,589,695 10,414,845,077

(6,808,610,984) (6,161,551,617) (10,049,360,937)
55,988,773 1,193,038,078 365,484,140 -

(57,107,466) (208,983,129) (900,465,843)

450,000 1,045,000 530,000
(254,959,924) (2,480,732,946) (8,549,983,995)
(158,162,199) (50,616,835) (9,181,144)
(720,000) - (360,475)
11,443,765 2,997,990 1,420,077
(86,516,246) (2,134,942,203) 557,711,660
(545,572,070) (4,871,232,123) (8,900,329,720)

1,332,166,618 717,208,612 2,283,068,170

(196,752,935) 1,410,620,919 6,858,584,927
(18,225,428) 90,339,103 (21,821,100)
(211,558,632) (373,303,873) (132,749,484)
(451,143,812) (486,690,991) (539,220,206)
1,871,100,000 -
748,440,000 -
(89,222,829) -
2,984,802,982 1,358,173,770 8,447,862,307

2,495,219,685 (2,320,020,275) (86,983,273)

136,133,047 2,631,352,732 311,332,457
2,631,352,732 311,332,457 224,349,184

0.18 3.83 1.12

Cover Page Ratio Analysis
Income Statement Common Sizing-Balance Sheet
Balance Sheet Common Sizing-Income Statement
Cash Flow Statement Common Sizing-Cash Flow Statement
Statement of Changes in Equity
Particulars Balance as on 30 June 2016 Balance as on 30 June 2017
Balance as on 1 July 2045236997 4819087643
Dividend (Stock)
Dividend (Cash) -212058000 -374220000
Share capital issued 1871100000
Share premium 748440000
Unrealized gain/loss 19432608
Net Profit (after tax and reserves) 366,368,646 571303361
Balance as on 1 June 2020 4819087643 5035603612

57.9% 65.5%

No. of Shares 311,850,000 311,850,000

Face value per share 10 10
Dividend per share 0.68 1.20
Dividend per share (%) 6.8% 12.0%
 Go to Cover Page Ratio Analysis
Income Statement Common Sizing-Balance Sheet
Balance as on 30 June 2018 Balance Sheet Common Sizing-Income Statement
5035603612 Cash Flow Statement Common Sizing-Cash Flow Statement
Statement of Changes in Equity
-155925000

5671383
643587425
5528937420

24.2% 49.2%

327,442,500
10
0.48
4.8% 7.9%
e Statement
low Statement
GPH ISPAT LIMITED
Ratio Analysis

GPH ISPAT LIMITED

RATIO ANALYSIS

Earnings Based Ratios 2014 2015 2016

Liquidity Ratio
Current Ratio 1.10 1.28 1.63
Quick Ratio 0.42 0.60 1.02
Asset Management Ratio
Fixed Assets Turnover 2.57 3.41 3.31
Total Assets Turnover 0.81 1.00 0.68
Debt Management Ratio
Debt to Assets 0.05 0.11 0.04
Interest Coverage 2.24 2.19 2.04
Profitability Ratio
Return on Sales 0.06 0.05 0.05
Return on Assets 0.05 0.05 0.04
Return on Equity 0.14 0.14 0.08
Return on Capital Employed 0.33 0.27 0.17

Cash Flow Based Ratios 2014 2015 2016

Liquidity Ratio
Cash to Short Term Debt 0.10 0.18 0.01
Critical Needs Coverage 0.18 0.26 0.10
Asset Management Ratio
Cash to Fixed Assets 0.20 0.33 0.03
Reinvestment 0.20 0.33 0.03
Debt Management Ratio
Cash to Debt 1.32 0.92 0.12
Cash Interest Coverage 1.13 1.74 0.12
Profitability Ratio
Cash to Sales 0.08 0.10 0.01
Cash to Assets 0.06 0.10 0.01
Cash to Equity 0.19 0.28 0.01
Cash to Equity Employed 0.17 0.22 0.01
 Go to Cover Page Ratio Analysis
Income Statement Common Sizing-Balance Sheet
Balance Sheet Common Sizing-Income Statement
Cash Flow Statement Common Sizing-Cash Flow Statement
Statement of Changes in Equity

2017 2018
Liquidity Performance
1.38 1.00 1.80
0.96 0.67 1.60 1.63
1.40 1.38
1.65 0.70 1.28
1.20
1.10
0.61 0.43 1.00 1.02 0.96
0.80
0.15 0.38 0.60 0.60
2.22 2.25 0.42
0.40
0.20
0.07 0.07 0.00
0.04 0.03 2014 2015 2016 2017

0.11 0.12 Current Ratio Quick Ratio

0.16 0.09
Figure 1.1

2017 2018
Liquidity Performance
0.20 0.04 0.30 0.28
0.28 0.10 0.26
0.25
0.20
0.25 0.03 0.20
0.18 0.18
0.25 0.03
0.15
0.61 0.04 0.10 0.10
0.10
2.42 0.65
0.05
0.01
0.15 0.04
0.00
0.09 0.02 2014 2015 2016 2017
0.24 0.07
Cash to Short Term Debt Critical Needs Coverage
0.17 0.03
Figure 2.1
izing-Balance Sheet
izing-Income Statement
izing-Cash Flow Statement

rformance Asset Management Performance

4.00
63 3.50 3.41 3.31
1.38 3.00
2.57
2.50
02 0.96 1.00
2.00
1.65
0.67 1.50
1.00
0.81
1.00 0.70
0.68 0.61
0.43
0.50
0.00
16 2017 2018 2014 2015 2016 2017 2018

Quick Ratio Fixed Assets Turnover Total Assets Turnover

Figure 1.2

rformance Asset Management Performance

0.28 0.35
0.33
0.30

0.20 0.25 0.25

0.20
0.20

0.15
10 0.10
0.10
0.04
0.05
01 0.03 0.03
0.00
016 2017 2018 2014 2015 2016 2017 2018

Critical Needs Coverage Cash to Fixed Assets Reinvestment

Figure 2.2
 Debt Management Performance Profi
2.50 0.70
2.24 2.19 2.22 2.25
2.04 0.60
2.00 0.33
0.50 0.27

1.50 0.40
0.30
1.00 0.14 0.14
0.20
0.70 0.50 0.38 0.05
0.10 0.05
0.43 0.06 0.05
0.11 0.15 0.00
0.05 0.04
0.00 2014 2015
2018 2014 2015 2016 2017 2018
Return on
Debt to Assets Interest Coverage Return on

Figure 1.3 Figure 1.4

Debt Management Performance Profi

3.00 0.30 0.28

2.50 2.42 0.25

0.22
0.19
0.20
2.00 0.17
1.74
0.15
1.50
1.32
1.13 0.10
0.10
0.08
1.00 0.92 0.06
0.61 0.65 0.05
0.50
0.03 0.12 0.04 0.00
2014 2015
0.00
2018 1 2 3 4 5
Cash to
Cash to Debt Cash Interest Coverage Cash to

Figure 2.3 Figure 2.4

 Profitability Performance

3
0.27

0.16
0.17
0.09
4 0.14 0.11 0.12
0.08
5 0.05 0.04 0.03
0.04 0.07 0.07
6 0.05 0.05
4 2015 2016 2017 2018

Return on Sales Return on Assets

Return on Equity Return on Capital Employed

Profitability Performance
0.28

0.24
0.22

0.17
0.15

0.10 0.09
0.07
0.04
0.03
0.02
0.01
0.01
4 2015 2016 2017 2018

Cash to Sales Cash to Assets

Cash to Equity Cash to Equity Employed
GPH ISPAT LIMITED
COMMON SIZE STATEMENT
AS AT YEAR END

Vertical Analysis
Particulars 2014 2015 2016 2017 2018
ASSETS
NON CURRENT ASSETS 31% 29% 20% 37% 62%
Property, Plant and Equipment 28% 27% 15% 13% 11%
Capital Work-in-Progress 0% 0% 2% 21% 50%
Intangible Asset 0% 0% 0% 0% 0%
Investment 3% 3% 3% 3% 2%

CURRENT ASSETS 69% 71% 80% 63% 38%

ShortTerm Investment 3% 4% 3% 19% 8%
Advances, Deposits and Prepayments 4% 11% 10% 9% 9%
Inventories 43% 38% 30% 19% 13%
Trade Receivables 18% 16% 11% 14% 7%
Cash and Cash Equivalents 1% 2% 26% 2% 1%

TOTAL ASSETS 100% 100% 100% 100% 100%

EQUITY AND LIABILITIES

SHAREHOLDERS' EQUITY 33% 34% 47% 39% 24%
Share Capital 20% 21% 30% 24% 14%
Share Premium 7% 6% 11% 9% 5%
Tax holiday reserve 0% 0% 0% 0% 0%
Retained Earnings 6% 7% 6% 6% 5%

NON CURRENT LIABILITIES 5% 11% 4% 15% 38%

Long Term Loan 2% 8% 3% 13% 37%
Finance Lease Obligations 1% 0% 0% 1% 0%
Deferred Tax Liability 2% 2% 1% 1% 1%

CURRENT LIABILITIES AND PROVISIONS 62% 55% 49% 46% 38%

Current Portion of Long Term Loan 1% 1% 0% 0% 1%
Current Portion of Finance Lease Obligations 0% 0% 0% 0% 0%
ShortTerm Borrowings 53% 49% 41% 39% 32%
Creditors and Accruals 6% 4% 6% 5% 4%
Provision for Tax 2% 2% 1% 1% 1%

Total Liabilities 67% 66% 53% 61% 76%

TOTAL SHAREHOLDERS' EQUITY & LIABILITIES 100% 100% 100% 100% 100%
Trend Analysis
Particulars 2014 2015 2016 2017 2018
ASSETS
NON CURRENT ASSETS 100% 96% 115% 259% 770%
Property, Plant and Equipment 100% 97% 93% 99% 147%
Capital Work-in-Progress 0% 0% 100% 1073% 4426%
Intangible Asset 100% 88% 161% 139% 162%
Investment 100% 88% 177% 206% 211%

CURRENT ASSETS 100% 106% 204% 202% 214%

ShortTerm Investment 100% 112% 155% 1230% 949%
Advances, Deposits and Prepayments 100% 250% 416% 435% 782%
Inventories 100% 91% 123% 99% 115%
Trade Receivables 100% 96% 109% 175% 159%
Cash and Cash Equivalents 100% 310% 5986% 708% 510%

TOTAL ASSETS 100% 103% 176% 220% 388%

EQUITY AND LIABILITIES

SHAREHOLDERS' EQUITY 100% 106% 250% 261% 286%
Share Capital 100% 105% 263% 263% 276%
Share Premium 100% 100% 293% 293% 293%
Tax holiday reserve 100% 0% -20% 123% 165%
Retained Earnings 100% 120% 166% 224% 321%

NON CURRENT LIABILITIES 100% 226% 163% 696% 3066%

Long Term Loan 100% 397% 256% 1362% 6615%
Finance Lease Obligations 100% 58% 37% 200% 149%
Deferred Tax Liability 100% 100% 112% 122% 149%

CURRENT LIABILITIES AND PROVISIONS 100% 91% 138% 162% 236%

Current Portion of Long Term Loan 100% 121% 88% 112% 520%
Current Portion of Finance Lease Obligations 100% 101% 64% 101% 119%
ShortTerm Borrowings 100% 94% 137% 160% 234%
Creditors and Accruals 100% 61% 161% 176% 229%
Provision for Tax 100% 100% 121% 200% 190%

Total Liabilities 100% 101% 140% 200% 438%

TOTAL SHAREHOLDERS' EQUITY & LIABILITIES 100% 103% 176% 220% 388%
Particulars 2014 2015 2016 2017
ASSETS
NON CURRENT ASSETS 0% -4% 15% 159%
Property, Plant and Equipment 0% -3% -7% -1%
Capital Work-in-Progress 0% 973%
Intangible Asset 0% -13% 61% 39%
Investment 0% -12% 77% 106%

CURRENT ASSETS 0% 6% 104% 102%

ShortTerm Investment 0% 12% 55% 1130%
Advances, Deposits and Prepayments 0% 150% 316% 335%
Inventories 0% -9% 23% -1%
Trade Receivables 0% -4% 9% 75%
Cash and Cash Equivalents 0% 210% 5886% 608%

TOTAL ASSETS 0% 3% 76% 120%

EQUITY AND LIABILITIES

SHAREHOLDERS' EQUITY 0% 6% 150% 161%
Share Capital 0% 5% 163% 163%
Share Premium 0% 0% 193% 193%
Tax holiday reserve 0% -100% -120% 23%
Retained Earnings 0% 20% 66% 124%

NON CURRENT LIABILITIES 0% 126% 63% 596%

Long Term Loan 0% 297% 156% 1262%
Finance Lease Obligations 0% -42% -63% 100%
Deferred Tax Liability 0% 0% 12% 22%

CURRENT LIABILITIES AND PROVISIONS 0% -9% 38% 62%

Current Portion of Long Term Loan 0% 21% -12% 12%
Current Portion of Finance Lease Obligations 0% 1% -36% 1%
ShortTerm Borrowings 0% -6% 37% 60%
Creditors and Accruals 0% -39% 61% 76%
Provision for Tax 0% 0% 21% 100%

Total Liabilities 0% 1% 40% 100%

TOTAL SHAREHOLDERS' EQUITY & LIABILITIES 0% 3% 76% 120%

 Go to Cover Page Ratio Analysis
Income Statement Common Sizing-Balance Sheet
Balance Sheet Common Sizing-Income Statement
Cash Flow Statement Common Sizing-Cash Flow Statement
Statement of Changes in Equity
2018

670%
47%
4326%
62%
111%

114%
849%
682%
15%
59%
410%

288%

186%
176%
193%
65%
221%

2966%
6515%
49%
49%

136%
420%
19%
134%
129%
90%

338%

288%
GPH ISPAT LIMITED
COMMON SIZE STATEMENT
AS AT YEAR END

Vertical Common Sizing

Pariculars 2014 2015 2016 2017 2018
Net Revenue 100% 100% 100% 100% 100%
Cost of Sales 81% 85% 83% 82% 84%
Gross Profit 19% 15% 17% 18% 16%
Operating Expenses
Administrative Expenses 2% 1% 2% 2% 2%
Selling and Distribution Expenses 2% 1% 2% 2% 2%
3% 3% 3% 4% 3%
Operating Profit 16% 12% 13% 14% 13%

Financial Expenses 7% 6% 6% 6% 6%
Non-Operating Income 1% 0% 1% 3% 2%
Changes in Fair Value of Tradable Securities 0% 0% 0% 0% 0%
-6% -6% -6% -4% -4%

Profit before Distribution of WPP & WF 9% 7% 7% 10% 9%

Contribution to WPP & WF 0% 0% 0% 1% 0%

Profit before Tax & Reserve 9% 6% 7% 10% 9%

Provision for Tax
Current -2% -1% -2% -2% -2%
Deferred -1% 0% 0% 0% 0%
-3% -1% -2% -2% -2%
Profit after Tax 6% 5% 5% 7% 7%

Trend Analysis
Particulars Notes 2014 2015 2016 2017
Gross Revenue 100% 127% 148% 167%
Value Added Tax 100% 132% 182% 181%
Net Revenue 100% 127% 148% 166%
Cost of Sales 100% 133% 152% 169%
Gross Profit 100% 101% 130% 154%
Operating Expenses
Administrative Expenses 100% 117% 163% 171%
Selling and Distribution Expenses 100% 104% 149% 190%
100% 110% 156% 180%
Operating Profit 100% 99% 125% 149%
Financial Expenses 100% 102% 137% 150%
Non-Operating Income 100% 95% 144% 763%
Changes in Fair Value of Tradable Securities 100% 1850% -603% 0%
100% 109% 134% 96%

Profit before Distribution of WPP & WF 100% 93% 119% 186%

Contribution to WPP & WF 100% 93% 119% 186%

Profit before Tax & Reserve 100% 93% 119% 186%

Provision for Tax
Current 100% 100% 121% 200%
Deferred 100% -1% 29% 27%
100% 68% 92% 145%
Profit after Tax 100% 105% 131% 205%
 Horizontal Common Sizing
Pariculars 2014 2015 2016 2017
Net Revenue 0% 27% 48% 66%
Cost of Sales 0% 33% 52% 69%
Gross Profit 0% 1% 30% 54%
Operating Expenses
Administrative Expenses 0% 17% 63% 71%
Selling and Distribution Expenses 0% 4% 49% 90%
0% 10% 56% 80%
Operating Profit 0% -1% 25% 49%

Financial Expenses 0% 2% 37% 50%

Non-Operating Income 0% -5% 44% 663%
Changes in Fair Value of Tradable Securities 0% 1750% -703% -100%
0% 9% 34% -4%

Profit before Distribution of WPP & WF 0% -7% 19% 86%

Contribution to WPP & WF 0% -7% 19% 86%

Profit before Tax & Reserve 0% -7% 19% 86%

Provision for Tax
Current 0% 0% 21% 100%
Deferred 0% -101% -71% -73%
0% 0% -32% -8% 45%
Profit after Tax 0% 5% 31% 105%

2018
208%
171%
208%
215%
180%

201%
220%
211%
174%
172%
658%
0%
129%

205%
205%

205%

188%
66%
149%
231%
 Go to Cover Page Ratio Analysis
Income Statement Common Sizing-Balance Sheet
Balance Sheet Common Sizing-Income Statement
Cash Flow Statement Common Sizing-Cash Flow Statement
Statement of Changes in Equity

2018
108%
115%
80%

101%
120%
111%
74%

72%
558%
-100%
29%

105%
105%

105%

88%
-34%
49%
131%
GPH ISPAT LIMITED
COMMON SIZE STATEMENT
AS AT YEAR END

Vertical Analysis
Particulars Notes 2014 2015 2016
CASH FLOW FROM OPERATINGACTIVITIES
Collection from sales and other income 1218.3% 1038.0% 12260.7%
Cash Payments to suppliers, employees and expenses -1118.3% -938.0% -12160.7%
Net cash Inflow (outflow) from Operating Activities 100.0% 100.0% 100.0%

CASH FLOW FROM INVESTING ACTIVITIES

Acquisition of Property, plant and equipment -30.9% -9.8% -102.0%
Sale proceeds of property,plant and equipment 0.0% 0.0% 0.8%
Capital work-in-progress 0.0% 0.0% -455.4%
Investment -37.2% 0.0% -282.5%
Intangible Asset 0.0% 0.0% -1.3%
Dividend Income from Investmentinto Shares 0.5% 0.5% 20.4%
ShortTerm Investment -53.7% -4.0% -154.5%
Net cash Inflow (outflow) fromInvesting Activities -121.2% -13.3% -974.4%

CASH FLOW FROM FINANCINGACTIVITIES

ShortTerm Loan 124.4% -28.8% 2379.3%
Long Term Loan -5.5% 64.5% -351.4%
Lease Obligation 2.9% -3.6% -32.6%
Cash Dividend Paid -43.6% -30.4% -377.9%
Finance Costs -88.8% -57.3% -805.8%
Proceeds of Ordinary Share Capital 0.0% 0.0% 3341.9%
Share premium 0.0% 0.0% 1336.8%
Income tax paid -11.8% -15.2% -159.4%
Net cash Inflow (outflow) from Financing Activities -22.5% -70.9% 5331.1%

Net Increase in Cash & Cash Equivalents -43.7% 15.8% 4456.6%

Cash andcash equivalents at the beginning 55.6% 7.5% 243.1%
Cash and cash equivalents at the end 11.9% 23.4% 4699.8%

Trend Analysis
Particulars Notes 2014 2015 2016
CASH FLOW FROM OPERATINGACTIVITIES
Collection from sales and other income 100% 134% 152%
Cash Payments to suppliers, employees and expenses 100% 132% 164%
Net cash Inflow (outflow) from Operating Activities 100% 157% 15%

CASH FLOW FROM INVESTING ACTIVITIES

Acquisition of Property, plant and equipment 100% 50% 50%
Sale proceeds of property,plant and equipment 100% 366%
Capital work-in-progress 100%
Investment 100% 0% 115%
Intangible Asset 100%
Dividend Income from Investmentinto Shares 100% 146% 574%
ShortTerm Investment 100% 12% 44%
Net cash Inflow (outflow) fromInvesting Activities 100% 17% 122%

CASH FLOW FROM FINANCINGACTIVITIES

ShortTerm Loan 100% -36% 289%
Long Term Loan 100% -1839% 963%
Lease Obligation 100% -195% -168%
Cash Dividend Paid 100% 110% 131%
Finance Costs 100% 102% 137%
Proceeds of Ordinary Share Capital 100%
Share premium 100%
Income tax paid 100% 202% 204%
Net cash Inflow (outflow) from Financing Activities 100% 496% -3587%

Net Increase in Cash & Cash Equivalents 100% -57% -1542%

Cash andcash equivalents at the beginning 100% 21% 66%
Cash and cash equivalents at the end 100% 310% 5986%
 Horizontal Analysis
2017 2018 Particulars Notes
CASH FLOW FROM OPERATINGACTIVITIES
616.5% 2849.6% Collection from sales and other income
-516.5% -2749.6% Cash Payments to suppliers, employees and expenses
100.0% 100.0% Net cash Inflow (outflow) from Operating Activities

CASH FLOW FROM INVESTING ACTIVITIES

-17.5% -246.4% Acquisition of Property, plant and equipment
0.1% 0.1% Sale proceeds of property,plant and equipment
-207.9% -2339.4% Capital work-in-progress
-4.2% -2.5% Investment
0.0% -0.1% Intangible Asset
0.3% 0.4% Dividend Income from Investmentinto Shares
-179.0% 152.6% ShortTerm Investment
-408.3% -2435.2% Net cash Inflow (outflow) fromInvesting Activities

CASH FLOW FROM FINANCINGACTIVITIES

60.1% 624.7% ShortTerm Loan
118.2% 1876.6% Long Term Loan
7.6% -6.0% Lease Obligation
-31.3% -36.3% Cash Dividend Paid
-40.8% -147.5% Finance Costs
0.0% 0.0% Proceeds of Ordinary Share Capital
0.0% 0.0% Share premium
0.0% 0.0% Income tax paid
113.8% 2311.4% Net cash Inflow (outflow) from Financing Activities

-194.5% -23.8% Net Increase in Cash & Cash Equivalents

220.6% 85.2% Cash andcash equivalents at the beginning
26.1% 61.4% Cash and cash equivalents at the end

2017 2018

163% 231%
149% 243%
322% 99%
 182% 786%
850% 431%
973% 3353%
37% 7%
0% 50%
150% 71%
1074% -281%
1085% 1982%

156% 496%
-6901% -33555%
831% -201%
231% 82%
148% 164%
0% 0%
0% 0%
0% 0%
-1632% -10153%

1434% 54%
1279% 151%
708% 510%
 Go to Cover Page Ratio Analysis
Income Statement Common Sizing-Balanc
Balance Sheet Common Sizing-Income
Cash Flow Statement Common Sizing-Cash F
Statement of Changes in Equity
2014 2015 2016 2017 2018

0.0% 34.0% 52.1% 63.0% 130.8%

0.0% 32.0% 64.4% 48.8% 142.7%
0.0% 57.3% -84.9% 222.1% -1.3%

0.0% -50.4% -50.1% 82.4% 686.1%

0.0% 265.9% 749.6% 330.9%
0.0% 873.0% 3253.5%
0.0% -100.0% 14.9% -63.2% -93.3%
0.0% -100.0% -49.9%
0.0% 46.1% 473.9% 50.4% -28.8%
0.0% -88.1% -56.5% 974.5% -380.7%
0.0% -82.7% 21.5% 985.0% 1882.4%

0.0% -136.4% 189.2% 55.7% 395.6%

0.0% -1939.1% 862.6% -7001.4% -33655.2%
0.0% -294.8% -267.6% 730.7% -300.7%
0.0% 9.8% 31.0% 131.1% -17.8%
0.0% 1.5% 37.1% 47.9% 63.9%
0.0% -100.0% -100.0%
0.0% -100.0% -100.0%
0.0% 102.2% 103.8% -100.0% -100.0%
0.0% 396.3% -3687.2% -1732.3% -10252.9%

0.0% -157.0% -1641.9% 1333.6% -46.2%

0.0% -78.6% -33.8% 1178.7% 51.3%
0.0% 209.7% 5885.9% 608.2% 410.4%
Ratio Analysis
Common Sizing-Balance Sheet
Common Sizing-Income Statement
Common Sizing-Cash Flow Statement