Refer to company's financial statements and answer the following questions about liabilities. a. What were company's total current liabilities at December 31? What was the increase/ decrease in company's total current liabilities from the prior year? b. What were the components of total current liabilities on December 31? c. What was company's total non-current liabilities at December 31? What was the increase/ decrease in total non-current liabilities from the prior year? What were the components of total non-current liabilities on December 31? d. At the end of the most recent fiscal year reported, what was company's largest current liability account? What were its total current liabilities? e. Based on information contained in the financial statements, compute the following for the most recent fiscal year reported. 1. Working capital 2. Current ratio. f. What conclusions concerning the relative liquidity of the company can be drawn from the data? g. Based on the information contained in the financial statements, compute the following ratios for company for the most recent fiscal year reported. 1. Debt to assets ratio. 2. Times interest eamed. F 24 ICI Pakistan Limited Annual Report 2019-20 Notes to the Unconsolidated Financial Statements For the year ended June 30, 2020 Amounts in PKR 000 March 01, 2020 ASSETS NON - CURRENT ASSETS Property, plant and equipment 251,226 Intangible assets 764,083 Right-of-use asset 34,135 Long-term loans 7,174 Long-term deposits and prepayments 7,776 Deferred tax asset - net 21,101 1,085,495 CURRENT ASSETS Consumables 2,939 Stock-in-trade 370,650 Trade debts 46,086 Loans and advances 22,313 Trade deposits and short-term prepayments 51,252 Other receivables 784 Taxation - net 41,079 Cash and bank balances 47,229 582,332 Total assets 1,667,827 NON-CURRENT LIABILITIES Long-term financing 1,052 Lease liability 31,230 32,282 CURRENT LIABILITIES Trade and other payables 341,925 Short term finances 304,835 Current portion of non-current liabilites 8,079 654,839 Total liabilitios 687,121 Net assets transferred 980,706 F 06 ICI Pakistan Limited Annual Report 2019-20 Unconsolidated Statement of Financial Position As at June 30, 2020 Amounts in PKR '000 June 30, June 30, Note 2020 2019 ASSETS Non-current assets 20,329,199 Property, plant and equipment Intangible assets Right-of-use assets 19,521,939 1,689,611 318,278 931,806 8. 21,529,828 21,261,005 Long-term investments Long-term loans Long-term deposits and prepayments 9. 3,186,776 3,913,076 10 510,683 37,885 434,114 11 39,231 4,386,421 3,735,344 25,265,172 25,647,426 Current assets Stores, spares and consumables Stock-in-trade 12 988,580 984,992 13 9,327,845 2,288,996 9,841,165 2,388,029 Trade debts 14 Loans and advances 15 595,180 408,056 559,563 278,987 Trade deposits and short-term prepayments 16 Other receivables 17 1,013,061 1,990,113 1,647,518 2,637,613 Taxation - net Cash and bank balances 18 246,383 16,858,214 237,374 18,575,241 Total assets 42,123,386 44,222,667 O78 Amounts in PKR '000 June 30, June 30, Note 2020 2019 EQUITY AND LIABILITIES Share capital and reserves Authorised capital 1,500,000,000 (June 30, 2019: 1,500,000,000) ordinary shares of PKR 10 each 15,000,000 15,000,000 Issued, subscribed and paid-up capital 19 923,591 923,591 Capital reserves Surplus on revaluation of property, plant and equipment - net of tax 20 309,643 531,249 309,643 598, 103 20 Revenue reserve - unappropriated profit Total equity 18,998,572 20,763,055 17,375,706 19,207,043 Non-current liabilities 112,493 Provisions for non-management staff gratuity Long-term loans 21 93,982 22 6,129,340 6,763,257 Lease liabilities 8 253,591 1,611,661 8,107,085 Deferred tax liability - net 23 1,792,308 8,649,547 Current liabilities Trade and other payables Accrued mark-up 24 8,231,439 227,281 7,185,136 340,156 Short-term financing Current portion of long-term loans Current portion of lease liabilities 25 3,399,161 1,227,787 7,056,373 1,690,894 22 79,256 88,322 13,253,246 42,123,386 Unclaimed dividend 93,518 16,366,077 44,222,667 Total oquity and liabilities Contingencies and commitments 26 F 08 ICI Pakistan Limited Annual Report 2019-20 Unconsolidated Statement of Profit or Loss For the year ended June 30, 2020 Amounts in PKR '000 For the For the year ended June 30, 2020 year ended June 30, 2019 Note Net turnover 28.1 53,598,537 58,328,849 Cost of sales 28.2 (43,136,319) (48,877,125) Gross profit 10,462,218 9,451,724 Selling and distribution expenses 30 (3,389,472) (3,170,316) Administration and general expenses 31 (1,497,669) (1,345,994) Operating result 5,575,077 (332,930) (1,594,776) (366,978) 4,935,414 (272,230) (1,455,747) (435,699) Other charges 32 Finance costs 33 Exchange loss (2,294,684) (2,163,676) Other income 34 955,328 408,768 Profit before taxation 4,235,721 3,180,506 Taxation Profit after taxation 35 (1,206,718) 3,029,003 (875,594) 2,304,912 Basic and diluted earnings per share (PKR) 36 32.80 24.96 ICI Pakistan Limited Annual Report 2019-20 F 09 Unconsolidated Statement of Other Comprehensive Income For the year ended June 30, 2020 Amounts in PKR '000 For the For the year ended June 30, 2020 year ended June 30, 2019 Profit after taxation 3,029,003 2,304,912 Other comprehensive (loss)/income tems not to be reciassifed to unconsolidated statement of profit or loss: Remeasurement of defined benefit plans (52,516) 28,378 Income tax effect 11,091 (7.013) (41,425) 21,365 Total comprehensive income for the year 2,326 277 2,987,578 The annexed notes 1 to 51 form an integral part of these unconsolidated financial statements.