DIPPED PRODUCTS PLC / ANNUAL REPORT 2008—2009

Ten Year Financial Review
Gross Dividend/Dividend Rate
Rs. mn %
250
40
200
30
150
20
100
10
50
2009
Rs’000
2008
Rs’000
2007
Rs’000
2006
Rs’000
Trading Results
Gross turnover 11,895,985 11,152,895 9,412,610 7,109,400
Profit before tax 616,437 615,969 774,530 415,013
Taxation (113,709) (100,627) (106,242) (66,128)
Profit after tax 502,728 515,342 668,288 348,885
Minority interest &
pre acquisition profit (139,858) (144,220) (111,487) (62,422)
Profit attributable to
equity holders of the Company 362,870 371,122 556,801 286,463
0
0
Rs. mn
1,400
1,200
1,0000
800
600
400
200
0
Times
20
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Gross Dividend
Dividend Rate
Working Capital
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Price Earnings Ratio
Non-Current Assets
Property, plant & equipment 4,826,977 4,402,997 4,014,111 3,465,853
Investments 287,307 295,619 277,299 167,829
Other non-current assets 37,276 27,617 20,212 16,452
5,151,560 4,726,233 4,311,622 3,650,134
Current Assets 5,275,073 4,871,990 4,528,946 3,501,056
TOTAL ASSETS 10,426,633 9,598,223 8,840,568 7,151,190
Capital & Reserves
Stated capital 598,615 598,615 598,615 598,615
Capital reserves 174,223 172,018 170,121 105,493
Revenue reserves 2,306,312 2,039,771 1,876,993 1,474,928
Shareholders’ funds 3,079,150 2,810,404 2,645,729 2,179,036
Preliminary & deferred expenditure - - - -
3,079,150 2,810,404 2,645,729 2,179,036
Minority Interest 785,912 710,504 593,048 457,459
Total Equity 3,865,062 3,520,908 3,238,777 2,636,495
Rs.
120
100
80
60
40
20
15
10
5
0
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Market Price Per Share
All Share Price Index
0 0
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
3,000
2,500
2,000
1,500
1,000
500
Non-Current Liabilities
Deferred tax liability 140,385 133,120 107,428 87,587
Other non-current liabilities 2,412,009 2,382,001 2,289,016 2,118,794
2,552,394 2,515,121 2,396,444 2,206,381
Current Liabilities 4,009,177 3,562,194 3,205,347 2,308,314
TOTAL EQUITY AND LIABILITIES 10,426,633 9,598,223 8,840,568 7,151,190
Ratios & Other Information
Earnings per share (Rs) 6.06 6.20 9.30 4.79
Return on equity (%) 11.8 13.2 21.0 13.1
Market price per share (Rs) 55.25 79.50 109.25 82.00
Price earnings ratio (times) 9.1 12.8 11.7 17.1
Dividend per share (Rs) 3.00 3.00 4.50 3.00
Net assets per share (Rs)** 51.44 46.95 44.20 36.40
Effective rate of dividend (%) 30.00 30.00 45.00 30.00
Dividend yield (%) 5.4 3.8 4.1 3.7
Dividend cover (times) 2.0 2.1 2.1 1.6
Debt equity ratio 0.78 0.85 0.87 0.97
Current ratio (times) 1.32 1.37 1.41 1.52
Market Price Per Share
All Share Price Index
Figures in brackets indicate deductions.
** computed based on 59,861,512 shares on issue as at March 31, 2009.
70
D I P P E D P R O D U C T S P L C A N N U A L R E P O R T 2 0 0 8 – 2 0 0 9