Crown Cement PLC

STATEMENT OF FINANCIAL POSITION

2024
Particulars
Assets
Property, plant and equipments 14,516,016,723.00
Right-of-use asset 109,458,710.00
Capital work in progress 136,396,082.00
Intangible assets 16,674,340.00
Investment in associates 466,975,112.00
Total Non-current assets 15,245,520,967.00

Investment in shares 51,968,009.00

Inventories 3,275,227,892.00
Trade and other receivables 3,144,167,912.00
Intercompany receivables
Advances, deposits and prepayments 1,132,580,414.00
Advance income tax 3,559,897,412.00
short term investment in FDR 636,066,867.00
Cash and cash equivalents 333,507,445.00
Total current assets 12,133,415,951.00
TOTAL ASSETS 27,378,936,918.00
Equity
SHARE Capital 1,485,000,000.00
Share premium 2,956,560,000.00
Revaluation reserve 737,881,175.00
Retained earnings 3,283,920,927.00
Total equity 8,463,362,102.00

Liabilities
Loans and borrowings 4,917,017,019.00
Employee benefits 280,432,454.00
Lease obligation 90,392,964.00
Deferred tax liabilities 603,455,284.00
Non- current liabilities 5,891,297,721.00

Loans and borrowings 10,006,295,047.00

Lease liabilities 28,835,932.00
Trade and other payables 528,799,469.00
Current tax liabilities 2,456,416,985.00
Unclaimed dividend 3,929,662.00
Total current liabilities 13,024,277,095.00
Totoal liabilities 18,915,574,816.00
Total EQUITY AND LIABILITIES 27,378,936,918.00
NET asset value per share (NAV) 56.99

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCO

Particulars 2024

Gross Revenue 31,982,647,010.00

VAT on sales 4,083,151,135.00
Net revenue 27,899,495,875.00
Cost of sales (23,684,222,052.00)
Gross Profit 4,215,273,823.00

Income from mother vessel 158,652,813.00

Other operating income/(expense)
Administrative expenses (299,999,020.00)
selling and distribution expenses (785,831,252.00)

Operating profit 3,288,096,364.00

Non-operating income/(loss) 2,160,190.00
Finance cost (1,637,270,721.00)
Finance income 18,862,405.00
Net finance expenses
Profut before contribution to WPPF 1,671,848,240.00
Contribution to WPPF (79,611,821.00)
Net profit before tax 1,592,236,419.00
Share of profit from associates 41,979,092.00
Net profit before income tax 1,634,215,511.00
Income tax expenses (632,845,267.00)
Deferred tax income/(expense)
Net profit after income tax 1,001,370,244.00

Other comprehensive income

Remeasurement of defined benefit liability
Tax expense on remeasurement of defined benefit liability
Other comprehensive income for the period, net of tax

Total comprehensive income/(loss) for the period 1,001,370,244.00

Basic and diluted EPS( per value of TK.10) 6.74

Dividend paid 341443098

Premier Cement Mills PLC

Statement of financial Position
Assets 2024
Non-Current assets
Property, plant and equipment 22,338,058,633
Intangible assets 2,126,994
Right of use assets 15,718,396
Financial Assets 2,443,817
Capital work-inprogress 1,250,278,861
Investment in associate 243,322,282
23,851,948,982
Current assets
Inventories 3,157,112,425
Trade and other receivables 1,588,847,208
Advances, deposits and pre-payments 5,724,885,141
Current account with associate (NCML) 870,211,557
Investment in FDR 583,498,333
Cash and bank balances 296,330,536
12220885199

Total assets 36,072,834,181.00

EQUITY AND LIABILITIES

EQUITY
Share Capital 1,054,500,000.00
Revaluation reserve 3,083,344,891.00
Share premium 441,835,000.00
Retained earings 2,313,342,333.00
6,893,022,224.00
Non-controlling interest 18,209,914.00
Total equity 6,911,232,137.00
Non-current liabilities
Loan from Directors 240,000,000.00
Deferred Taxliabilities 1,184,042,362.00
Redeemable Preference Share 1,260,420,000
Lease Liability- Long term portion 9,008,831.00
Long term loan 4,797,147,020.00
Defined contribution obligation (gratuity) 230,734,094.00
7,721,352,307.00
Current Liabilities
Trade and other payables 2,388,152,977.00
Unclaimed dividend 1,724,555.00
Short term bank loan 16,174,874,506.00
Current portion of long term laon 1,824,318,114.00
Lease liability-Current portion 9,300,576.00
Liability for other finance 2,850,600.00
Workers participation fund 68,988,354.00
Provision for taxation 970,040,055.00
21,440,249,736.00
Total equity and liabilities 36,072,834,181.00

Net assers value per share 65.37

Statement of Profit and Loss

2024

Revenue 26,923,624,341.00
Cost of sales (22,721,192,754.00)
Gross Profit 4,202,431,587.00

Other income 107,911,404.00

Administrative expenses (173,946,120.00)
Selling & distributive epenses (873,994,443.00)
Profit before interest and tax 3,262,402,428.00

Share of profit from associate company 2,278,661.00

echange Loss (103,659,572.00)
Finance costs (1,703,228,765.00)
Contribution to WppF (68,988,354.00)
Profit before tax 1,388,804,399.00

Current tax expenses (502,810,073.00)

Deffered tax income (144,216,128.00)
Profit for the year 741,778,198.00

Profit attributable to:

Owners of the company 742,309,106.00
Non-controlling interest (530,909.00)

Bsic earning per share 7.04

Dividend paid 104,722,569.00
ITION
2023 2022 2021

6,283,448,197.00 6,383,937,488.00 6,915,719,747.00

132,914,149.00 17,566,965.00 310,934,058.00
5,026,852,994.00 1,658,172,074.00 785,093,220.00
21,577,088.00 26,659,836.00 31,742,584.00
424,996,020.00 384,281,664.00 331,045,029.00
11,889,788,448.00 8,470,618,027.00 8,374,534,637.00

61,608,327.00 65,993,317.00 61,080,713.00

2,188,559,289.00 1,630,861,109.00 1,687,722,887.00
2,667,830,940.00 2,411,091,817.00 2,802,789,682.00

1,244,006,334.00 248,266,519.00 319,259,375.00

3,298,624,691.00 3,134,685,182.00 2,842,919,010.00
606,259,847.00 1,703,117,104.00 730,976,784.00
893,903,481.00 222,653,961.00 169,999,455.00
10,960,792,909.00 9,416,669,008.00 8,614,747,906.00
22,850,581,357.00 17,887,287,035.00 16,989,282,543.00

1,485,000,000.00 1,485,000,000.00 1,485,000,000.00

2,956,560,000.00 2,956,560,000.00 2,956,560,000.00
752,632,066.00 780,920,938.00 798,804,134.00
2,560,517,275.00 2,080,535,163.00 2,583,725,706.00
7,754,709,341.00 7,303,016,101.00 7,824,089,840.00

1,165,644,814.00 48,663,186.00 140,575,975.00

287,332,790.00 255,124,771.00 221,073,919.00
100,651,027.00 - 21,343,845.00
565,421,181.00 582,286,747.00 616,606,407.00
2,119,049,812.00 886,074,705.00 999,600,147.00

9,348,366,829.00 6,865,990,300.00 6,677,180,578.00

34,944,228.00 21,343,845.00 296,732,909.00
1,679,250,049.00 1,864,291,984.00 816,862,255.00
1,865,888,338.00 814,612,448.00 374,816,816.00
48,372,760.00 131,957,652.00
12,976,822,204.00 9,698,196,229.00 8,165,592,557.00
15,095,872,016.00 10,584,270,934.00 9,165,192,704.00
22,850,581,357.00 17,887,287,035.00 16,989,282,543.00
 52.22 49.18 52.69

EHENSIVE INCOME
2023 2022 2021

27,735,256,207.00
3,551,776,652.00
24,183,479,554.00 19,139,536,196.00 16,315,315,422.00
(20,418,664,027.00) (17,547,740,109.00) (14,059,539,138.00)
3,764,815,527.00 1,591,796,087.00 2,255,776,284.00

93,690,295.00 42,118,538.00 84,757,244.00

(271,147,546.00) (260,154,554.00) (229,377,829.00)

(581,699,874.00) (506,395,377.00) (547,661,405.00)

3,005,658,403.00 867,364,694.00 1,563,494,294.00

6,818,923.00 17,246,496.00
(1,372,945,712.00) (781,515,441.00) (561,409,223.00)
38,528,919.00 29,903,161.00 52,520,469.00
(1,327,597,870.00) (734,365,784.00)
1,678,060,533.00 132,998,910.00 1,054,605,540.00
(79,907,644.00) (6,333,281.00) (50,219,311.00)
1,598,152,888.00 126,665,629.00 1,004,386,229.00
40,214,356.00 54,736,605.00 49,788,657.00
1,638,367,245.00 181,402,234.00 1,054,174,886.00
(1,027,921,043.00) (410,667,868.00) (194,953,338.00)

610,446,202.00 (229,265,634.00) 859,221,549.00

(3,763,680.00) 212,955,665.00
846,828.00 -8518227
(2,916,852.00) (6,507,821.00)

607,529,349.00 (229,265,634.00) 1,057,151,167.00

4.11 (1.54) 5.79

232,084,892.00 234685906 104,731,930.00
 2023 2022 2021

21,602,793,007.00 9,122,715,645 9,007,271,708

2,268,327.00 2,079,924 738,186
25,205,482.00 12,537,522 21,750,698
2,404,562.00 2,248,640 2,055,793
1,127,804,588.00 11,338,586,004 9,549,526,026
241,043,621.00 112,508,363 123,105,736
23,001,519,587.00 20,590,676,098 18,704,448,147

2,351,539,649.00 1,157,965,676 1,400,664,085

1,489,957,904.00 2,681,566,681 2,485,703,023
5,767,837,003.00 4,191,985,080 3,620,935,964
181,670,764.00 22,680,886 120,064,838
573,946,311.00 13,888,879 158,399,335
292,997,193.00 211,747,674 155,213,174
10,657,948,824.00 8,279,834,877 7,940,980,421

33,659,468,413.00 28,870,510,975 26,645,428,568

1,054,500,000.00 1,054,500,000 1,054,500,000

3,091,319,852.00 3,099,878,968 3108832875
44,835,000.00 441,835,000 441835000
1,668,508,266.00 2,482,179,405 3812563442
6,256,163,117.00 7,078,393,373 8417731317
18,740,823.00 18,826,525 17830077
6,274,903,940.00 7,097,219,898 8435561394

240,000,000 240,000,000 750,420,000

1,039,826,234.00 884,763,059 876,059,476
1,510,420,000.00 1,510,420,000
1,510,420,000.00 12,371,137 15,349,336
5,933,596,294.00 2,667,902,847 2,098,000,448
192,799,774.00 157,969,949 139,148,889
8,936,317,074.00 5,473,426,993 3878978153

30,352,224,325.00 608,657,487 664,314,320

1,888,555.00 2,637,434 2,051,229
13,521,999,501.00 13,747,746,354 11,782,547,261
894,524,704.00 1,086,053,928 1,081,407,806
9,193,282.00 2,977,302 8,552,248
16,614,948.00 14,338,311 4,062,545
 36,014,874
968,802,085.00 837,453,269 751,938,739
18,448,247,399.00 16,299,864,085 14,330,889,021
33,659,468,413.00 28,870,510,975 26,645,428,568

59.33 67.13 79.83

2023 2022 2021

21,832,963,082.00 14,234,460,854.00 12,810,439,280.00

(19,813,099,831.00) (12,960,117,330.00) (10,885,694,416.00)
20,198,632,351.00 1,274,343,524.00 1,924,744,864.00

58,913,145.00 47,122,464.00 2,240,782.00

(157,539,702.00) (120,023,288.00) (116,021,869.00)
(751,898,375.00) (573,439,322.00) (410,015,544.00)
1,169,338,320.00 628,003,378.00 1,400,948,233.00

3,031,326.00 (10,597,373.00) 9,708,102.00

(1,045,046,501.00) (1,080,154,688.00)
(682,922,357.00) (570,300,112.00) (616,215,149.00)
(36,014,874.00)
555,599,212.00 (1,033,048,795.00) 758,426,311.00

(131,707,504.00) (85,689,123.00) (149,202,298.00)

(155,063,174.00) (8,703,580.00) 44,194,453.00
(842,369,890.00) (1,127,441,498.00) 653,418,469.00

(842,284,188.00) (1,128,437,946.00) 651,913,316.00

(85,702.00) 996,448.00 1,505,153.00

-7.99 -10.7 6.18

106,198,879.00 210,313,795.00 105,475,005.00
 2020

7,505,811,507.00
314,929,576.00
442,339,580.00
36,825,332.00

8,299,905,995.00

44,723,353.00
1,768,067,235.00
3,927,759,329.00
11,031,555.00
425,972,816.00
2,445,513,518.00
1,508,859,370.00
371,748,953.00
10,503,676,128.00
19,084,838,495.00

1,485,000,000.00
2,956,560,000.00
591,466,142.00
1,854,089,572.00
6,887,115,714.00

821,295,223.00
198,049,350.00
51,060,108.00
707,575,264.00
1,777,979,946.00

9,392,012,569.00
289,642,806.00
566,708,465.00
171,378,996.00

10,419,742,836.00
12,197,722,782.00
19,084,838,495.00
 46.38

2020

13,876,211,430.00
(12,267,970,393.00)
1,608,241,037.00

(22,012,166.00)
(252,038,375.00)
(534,608,700.00)

799,581,796.00
36,578,103.00
(992,407,650.00)
110,913,521.00

(45,334,230.00)
-
(45,334,230.00)
17,114,045.00
(28,220,185.00)
(94,370,185.00)
(9,862,903.00)
(132,453,273.00)

132,453,273.00

(0.89)
147693049
 2020

6,008,764,554
647,113
28,715,783
1,879,484
8,205,324,973
113,397,634
14,358,729,541

968,898,820
2,492,404,124
3,338,925,653
108,350,423
146,395,233
142,454,954
7,197,429,207

21,556,158,748

1054500000
492313479
441835000
3256487345
5245135824
16324924
5261460748

750,420,000
460779528

21776253
3079655790
136452062
4449083633

1366085958

9075703997
774427493
7691262
3766545
 14702667
603236444
11845614367
21556158748

79.74

2020

10,460,670,694.00
(8,957,636,055.00)
1,503,034,639.00

72,606,324.00
(106,902,579.00)
(431,467,249.00)
1,037,271,135.00

6,899,799.00

(688,697,437.00)
(14,702,667.00)
340,770,830.00

(54,953,123.00)
(14,575,439.00)
271,242,268.00

269,410,397.00
1,831,871.00

2.55
179,539,619.00
Crown Cement PLC
Ratio Analysis
Short Term Solvency Ratios:

Current Ratio: 2024 2023 2022 2021 2020

2.10 1.76 1.84 2.08 1.83

Quick Ratio: 2024 2023 2022 2021 2020

0.68 0.68 0.80 0.85 0.84

Cash Ratio: 2024 2023 2022 2021 2020

0.0256066 0.068885 0.022958 0.020819 0.035677

NWC to Total Assets: 2024 2023 2022 2021 2020

(0.03) (0.09) (0.02) 0.03 0.00

Interval Measure: 2024 2023 2022 2021 2020

(186.99) (195.93) (195.87) (223.65) (312.51)

Long Term Solvency Ratios:

Total Debt Ratio: 2024 2023 2022 2021 2020

0.69 0.66 0.59 0.54 0.64

Debt/ Equity Ratio: 2024 2023 2022 2021 2020

2.2349953 1.946672 1.449301 1.171407 1.771093

Equity Multiplier: 2024 2023 2022 2021 2020

3.2349953 2.946672 2.449301 2.171407 2.771093

Long Term Debt Ratio: 2024 2023 2022 2021 2020

0.41 0.21 0.11 0.11 0.21

Times Interest Earned: 2024 2023 2022 2021 2020

37.929272 39.74085 2.314094 20.17299 -2.648949

Cash Coverage: 2024 2023 2022 2021 2020

37.929272 39.74085 2.314094 20.17299 -2.648949

Activity Ratios:

Inventory Turnover Ratio: 2024 2023 2022 2021 2020

-7.23132 -9.329729 -10.7598 -8.330478 -6.938633
Day’s Sales in Inventory: 2024 2023 2022 2021 2020
-50.47488 -39.12225 -33.92256 -43.81501 -52.60402

Accounts Receivables Turnover: 2024 2023 2022 2021 2020

8.8734116 9.064847 7.93812 5.821099 3.532857

Accounts Payable Turnover: 2024 2023 2022 2021 2020

18.922665 5.566989 3.682894 8.174182 16.57292

Average Payment Period: 2024 2023 2022 2021 2020

19.289038 65.56506 99.10684 44.65279 22.02388

Net Working Capital Turnover: 2024 2023 2022 2021 2020

(31.32) (12.00) (67.98) 36.32 165.32

Total Asset Turnover: 2024 2023 2022 2021 2020

1.0190131 1.058331 1.070008 0.96033 0.72708

Fixed Asset Turnover: 2024 2023 2022 2021 2020

1.9219801 3.848759 2.998077 2.359164 1.848729

Profitability Ratios:

Profit Margin: 2024 2023 2022 2021 2020

0.0358921 0.025242 -0.011979 0.052663 -0.009545

Return on Assets (ROA): 2024 2023 2022 2021 2020

0.0365745 0.026715 -0.012817 0.050574 -0.00694

Return on Equity (ROE): 2024 2023 2022 2021 2020

0.1183183 0.078719 -0.031393 0.109817 -0.019232

Market Ratio:

PE Ratio: 2024 2023 2022 2021 2020

8.46 12.71 (31.94) 9.10 (52.11)

Market-to-Book Ratio: 2024 2023 2022 2021 2020

9.9995899 9.999949 10.00029 10.00048 10.00046