Financial Report of Rafhan Maize
10 Years at a Glance
2009
2008
2007
2006
2005
2004
2003
2002*
2001
2000
Net Sales
Rs. Million
11,428 8,993 2,435 21 1,297 848 831 900 140.43
10,747 8,006 2,741 26 1,492 606 924 1,000 161.57
7,578 5,480 2,098 28 1,089 114 831 900 117.92
6,127 4,556 1,571 26 809 122 647 700 87.62
5,194 3,997 1,198 23 615 302 323 350 66.57
4,534 3,259 1,275 28 670 448 286 310 72.51
4,031 3,001 1,030 26 521 415 259 280 56.43
4,390 3,329 1,061 24 527 239 259 280 57.06
3,126 2,345 781 25 347 121 134 145 37.62
2,806 2,134 672 24 307 90 125 135 33.26
Cost of Sales
Rs. Million
Gross Profit
Rs. Million
%age of Sales Profit After Tax
Rs. Million
Capital Expenditure
Rs. Million
Dividend Amount
Rs. Million
Dividend Percentage Earnings per Share
Rupees * Data for 15 months
1
Contents
In the name of Allah The Most Merciful, The Compassionate
02 03 06 15 16 17 18 25 26 27 28 29 30 31 32 34 35 36 37 38 61
Company Information Notice of Meeting Chief Executive’s Review Major Events 2009 Horizontal Analysis - P&L and B / S Vertical Analysis - P&L and B / S Directors’ Report Forward Looking Statement Stakeholders’ Information Summary of Cash Flow Statements Statement of Value Added & its Distribution Review Report Statement of Compliance Auditors’ Report Balance Sheet Profit and Loss Account Statement of Comprehensive Income Cash Flow Statement Statement of Changes in Equity Notes to the Financial Statements Pattern of Shareholding Proxy Form
2 Rafhan Maize Products Co. Ltd.
Company Information
Chairman John F. Saucier Vice Chairman Rashid Ali Non-Executive Non-Executive
Business Strategy and Planning Committee John F. Saucier Rashid Ali Ansar Yahya Anis A. Khan Shares Transfer Committee Rashid Ali Ansar Yahya Anis A. Khan Sh. Gulzar Hussain Bankers Citibank, N.A. Habib Bank Ltd. Meezan Bank Ltd. MCB Bank Ltd. National Bank of Pakistan Standard Chartered Bank (Pakistan) Ltd. Auditors
2009
2008
2007
2006
2005
2004
2003
2002*
2001
2000
Net Sales
Rs. Million
11,428 8,993 2,435 21 1,297 848 831 900 140.43
10,747 8,006 2,741 26 1,492 606 924 1,000 161.57
7,578 5,480 2,098 28 1,089 114 831 900 117.92
6,127 4,556 1,571 26 809 122 647 700 87.62
5,194 3,997 1,198 23 615 302 323 350 66.57
4,534 3,259 1,275 28 670 448 286 310 72.51
4,031 3,001 1,030 26 521 415 259 280 56.43
4,390 3,329 1,061 24 527 239 259 280 57.06
3,126 2,345 781 25 347 121 134 145 37.62
2,806 2,134 672 24 307 90 125 135 33.26
Cost of Sales
Rs. Million
Gross Profit
Rs. Million
%age of Sales Profit After Tax
Rs. Million
Capital Expenditure
Rs. Million
Dividend Amount
Rs. Million
Dividend Percentage Earnings per Share
Rupees * Data for 15 months
1
Contents
In the name of Allah The Most Merciful, The Compassionate
02 03 06 15 16 17 18 25 26 27 28 29 30 31 32 34 35 36 37 38 61
Company Information Notice of Meeting Chief Executive’s Review Major Events 2009 Horizontal Analysis - P&L and B / S Vertical Analysis - P&L and B / S Directors’ Report Forward Looking Statement Stakeholders’ Information Summary of Cash Flow Statements Statement of Value Added & its Distribution Review Report Statement of Compliance Auditors’ Report Balance Sheet Profit and Loss Account Statement of Comprehensive Income Cash Flow Statement Statement of Changes in Equity Notes to the Financial Statements Pattern of Shareholding Proxy Form
2 Rafhan Maize Products Co. Ltd.
Company Information
Chairman John F. Saucier Vice Chairman Rashid Ali Non-Executive Non-Executive
Business Strategy and Planning Committee John F. Saucier Rashid Ali Ansar Yahya Anis A. Khan Shares Transfer Committee Rashid Ali Ansar Yahya Anis A. Khan Sh. Gulzar Hussain Bankers Citibank, N.A. Habib Bank Ltd. Meezan Bank Ltd. MCB Bank Ltd. National Bank of Pakistan Standard Chartered Bank (Pakistan) Ltd. Auditors