Page 82 - CCL AR 2017 Final

Horizontal Analysis - Last Six Years

2017 2016
(Rupees 17 Vs. 16 (Rupees 16 Vs. 15
in Million) % in Million) %

Balance Sheet

Assets
Non-Current Assets 14,238 6 13,457 87 7,197 104 3,526 - 3,531 3 3,422 (6)
Current Assets 4,569 128 2,005 (12) 2,267 (22) 2,905 89 1,534 19 1,289 (25)

Total Assets 18,807 22 15,462 63 9,464 47 6,431 27 5,065 8 4,711 (12)

Equity & Liabilities
Shareholders' Equity 10,462 14 9,140 14 8,026 65 4,864 31 3,709 35 2,748 18
Non-Current Liabilities 5,774 28 4,511 638 611 (11) 686 20 574 (38) 923 (25)
Current Liabilities 2,571 42 1,811 119 827 (6) 881 13 782 (25) 1,040 (42)

Equity & Liabilities 18,807 22 15,462 63 9,464 47 6,431 27 5,065 8 4,711 (12)

Turnover & Profit

Turnover - net 9,645 36 7,079 8 6,565 2 6,451 2 6,294 15 5,457 29
Gross Profit 3,213 22 2,634 33 1,984 (6) 2,103 (4) 2,190 90 1,152 103
Operating Profit 2,698 29 2,095 23 1,709 - 1,716 1 1,694 92 882 158
Profit Before Taxation 2,510 22 2,051 23 1,671 (1) 1,688 7 1,585 177 572 936
Net Profit for the Year 1,957 39 1,405 9 1,288 (2) 1,316 7 1,228 180 437 537

Comments on Horizontal Analysis

Balance Sheet
Current assets increased as compared to year 2016 due to increase in closing stock of stores, spares & loose
tools, stock in trade and induction of credit sales. Shareholders’ equity increased mainly due to enhanced
profits of the Company.

Profit and Loss Account
Turnover has been increased over the years from 2012 to 2017 due to increase in sale price and dispatches.
Current year Turnover significantly increased due to commissioning of Line II.

80
Cherat Cement
Company Limited