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COMPARATIVE STATEMENT OF FINANCIAL CONDITION (TRADING / INDUSTRIAL CONCERNS)

NAME: China Power HUB Generation Company Private Limited

Amount In "million" Currency: Pk.Rs
Audited/Unaudited Specify: Audited Audited Audited
Unqualified. Qualified Explain On Page 4
Date (Day. Month. Year) 30.12.2016 30.12.2017 30.12.2018
Description Amount Key Amount Key Amount

FINANCIAL SUMMARY

NET SALES - - -
NET INCOME (675) (739) (1,411)
Net Income/Net Sales % #DIV/0! #DIV/0! #DIV/0!
WORKING CAPITAL (6,183) (57,479) (8,304)
Current Ratio 0.20 0.08 0.71
Days Trade Debtors (Incl. Bills Discounted) #DIV/0! #DIV/0! #DIV/0!
Days Trade Creditors (CGS Basis) #DIV/0! #DIV/0! #DIV/0!
Days Stocks (CGS Basis) #DIV/0! #DIV/0! #DIV/0!
TANGIBLE NET WORTH 2,257 4,639 39,596
Leverage (Total Liab./Tan. Net Worth) 3.42 13.52 4.08

BALANCE SHEET

ASSETS
1 Cash 1,362.041 2,776.313 11,510.334
2 Short Term Deposits 21 416.005 3,465.719
3 Trade Debtors (Incl. Bills Discounted)
4 Stocks
5 Stores, Spares etc.
6 Loan,Advances,Other Rec,Trade dep. 158.859 2,014.462 4,847.292
7 Advance Tax - net 0.487 16.647 88.663
8 TOTAL CURRENT ASSETS 1,542.439 5,223.427 19,912.008
9 Net Fixed Assets 8,427.500 62,102.893 181,071.317
10 Inv. And Adv. Subs And Affiliates
11 Capital Work in Progress
12 Long Term Deposits/Other Assets 12.525 15.185 13.033
13 Stores, Spares etc.
14 Non Current asset classified as held for sale
15 Intangibles 2.526 11.319 10.145
16 TOTAL NON-CURRENT ASSETS 8,442.551 62,129.397 181,094.495
17 TOTAL ASSETS 9,984.990 67,352.824 201,006.503
LIABILITIES
18 Short Term Debt-Banks (Incl.Bills Disc) 3,137.954 58,521.116
19 Trade Creditors 3,404.795 2,105.726 22,194.384
20 Accruals, Exp. Payable & Other Liab. 843.949 1,767.939 5,802.222
21 Prov. For Taxation
22 Due to sponsors 338.884 307.521 219.321
23
24 Long Term Debt-Current Portion
25 TOTAL CURRENT LIABILITIES 7,725.582 62,702.302 28,215.927
26 Long Term Financing 133,184.764
27 Share Premium Payable
28 Long Term Subordinated Debt
29
30
31 Deffered Liabilities
32 TOTAL NON-CURRENT LIABILITIES - - 133,184.764
33 TOTAL LIABILITIES 7,725.582 62,702.302 161,400.691
NET WORTH
34 Preference Shares
35 Ordinary Shares/Owner's Equity 2,000.000 6,200.000 34,245.266
36 General Reserves
37 Capital Reserve
38 Advance against issue of shares 1,057.450 3.010 8,464.172
39 Retained Earnings (P & L Account) (798.042) (1,552.488) (3,103.626)
40 Surplus on Revaluation of Fixed Assets
41 TOTAL NET WORTH 2,259.408 4,650.522 39,605.812
42 TOTAL LIAB. & NET WORTH 9,984.990 67,352.824 201,006.503
43 Contingent Liabilities (Excl. Bills Disc) - - -
44 - - -
CHECK 1 1 1
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NAME: 0

Amount: in (Million) Date 30.12.2016 30.12.2017 30.12.2018

Currency :Pk.Rs No.Of Months 12 % 12 % 12
DESCRIPTION Amount Sales Amount Sales Amount

INCOME STATEMENT

45 NET SALES / REVENUE

46 Cost of Goods Sold / Revenue
47 Selling. Gen. And Admin. Expenses 668.102 688.143 1,338.725
48
49 OPERATING PROFIT (668.102) (688.143) (1,338.725)
50 Depriciation 12.293 41.815 45.697
51 Other Non-Cash Charges
52
53 Other Income 10.522 6.547 32.890
54
55 Other Expense/W.P.P.F 2.113 13.268 49.857
56
57 Markup Expense/ Interst Exp
58 Financial Lease Expenses
59 Other Fixed Charges
60 Bank charges/Misc. fin. Costs
61 Profit Before Tax (671.986) (736.679) (1,401.389)
62 Prov. for Taxation (3.262) (1.967) (9.523)
63 Extra-ordinary Income
64 Extra-ordinary Charges
65 NET INCOME (675.248) (738.646) (1,410.912)

BALANCE SHEET RECONCILIATIONS

NET WORTH
66 OPENING NET WORTH - 2,259 4,651
67 Plus Net Income (675.248) (738.646) (1,410.912)
68 Increase in Paid-up Capital 2,000.000 4,200.000 28,045.266
69 Other Specify 934.656 (1,070.240) 8,320.936
70 Surplus on Revaluation of Fixed Assets - - -
71 TOTAL ADDITIONS 2,259.408 2,391.114 34,955.290
72 Less: Dividends Declared/Drawings - - -
73 Other : - - -
74
75 TOTAL DEDUCTIONS - - -
76 Increase (Decrease) Net Worth 2,259.408 2,391.114 34,955.290
77 ENDING NET WORTH 2,259.408 4,650.522 39,605.812
CHECK - - -
FIXED ASSETS
78 Opening Net Fixed Assets - 8,428 62,103
79 Less: Depreciation For Period 12 42 46
79 Sub-Total (12) 8,386 62,057
80 Ending Net Fixed Assets 8,428 62,103 181,071
80A Reval N/ Write Down During Period - - -
80B Sub-Total 8,428 62,103 181,071
81 Capital Expend (Net of Sale Of Assets) 8,440 53,717 119,014
82 Plus: Sale of Assets - - -
83 Gross Capital Expenditures 8,440 53,717 119,014

ANALYTICAL AND COMPARATIVE RATIOS

 DESCRIPTION
OPERATING RATIOS
84 Net Sales Growth Rate - % - - -
85 Net Income/Net Sales - % #DIV/0! #DIV/0! #DIV/0!
86 Net Income/Tang. Net Worth - % -29.89% -15.88% -3.56%
87 Net Fixed Assets / Net Sales % #DIV/0! #DIV/0! #DIV/0!
LIQUIDITY RATIOS
88 Current Ratio 0.20 0.08 0.71
89 Quick Assets Ratio 0.2 0.1 0.7
90 Days Trade Debtors (Inc. Bills Discounted) #DIV/0! #DIV/0! #DIV/0!
90A Days Trade Creditors (CGS Basis) #DIV/0! #DIV/0! #DIV/0!
91 Days Stocks (CGS Basis) #DIV/0! #DIV/0! #DIV/0!
LEVERAGE RATIOS
92 Leverage (Total Liab/Tang. Net. Worth) 3.42 13.48 4.08
93 L.T Leverage(LT.Debt/Tang. Net Worth) 0.00 0.00 3.36

(3) Page 4/4 Page 4/4 Page 4/4

COMPARATIVE STATEMENT OF FINANCIAL CONDITION

OPERATING / NON- OPERATING CASH GENERATION STATEMENT

Name: 0
Amount: in (Million) Date 30.12.2016 30.12.2017 30.12.2018
Currency: :Pk. Rs. No.Of Months 12 12 12
DESCRIPTIION Amount Amount Amount
NET OPERATING CASH GENERATION
94 Net Income (675) (739) (1,411)
95 Depreciation 12 42 46
96 Other Non-Cash Charges - - -
97 GROSS OPERATING FUND GENERATION (663) (697) (1,365)
98 Less: Operating Cash Needs
99 Inc/(Dec) Reo. Cash - - -
100 Inc/(Dec) Net Trade Debtors (Inc.B/Dis) - - -
101 Inc./(Dec) Stocks - - -
102 Inc./(Dec) Prepaid Expenses 0 16 72
103 Stores, Spares etc. - - -
104 Loan,Advances,Other Rec,Trade dep. 159 1,856 2,833
105
106 TOTAL OPERATING NEEDS 159 1,872 2,905
107 Plus: Operating Cash Sources
108 Inc./(Dec) Trade Creditors 3,405 (1,299) 20,089
109 Inc./(Dec) Accruals 844 924 4,034
110 Inc./(Dec) Prov. For Taxes - - -
111 - - -
112
113
114 TOTAL OPERATING SOURCES 4,248.74 (375.08) 24,122.94
115 NET OPERATING CASH GENERATION 3,426.44 (2,943.67) 19,852.88
NON-OPERATING CASH NEEDS
116 Less: Non-Operating Cash Needs
117 Capital Expenditures 8,440 53,717 119,014
118 Dividends Paid /Drawings (339) 31 88
119 Dec. in Long Term Debt (If Positive) 0 0 0
120 Dec. in Short Term Debt (And Bills Dis) (If Positive) 0 0 58,521
121 Inv. And Adv. Subs. And Affil. - - -
122 Long Term Deposits/Other Assets 13 3 (2)
123 - - -
124 Intangible 3 9 (1)
125 TOTAL NON-OPERATING NEEDS 8,115.960 53,760.024 177,620.111
NON-OPERATING CASH SOURCES
126 Plus: Non-Operating Cash Sources
127 Inc. In Paid-up Capital 2,000.00 4,200.00 28,045.27
128 Inc. in Long Term Debt (If Positive) 0 0 133,185
129 Inc. in Short Term Debt (And Bills Dis) (If Positive) 3,138 55,383 0
130 Sale of Assets - - -
131 - - -
132 - - -
133 Other Specify 935 (1,070) 8,321
134 Deffered Liabilities - - -
135 TOTAL NON-OPERATING SOURCES 6,073 58,513 169,551
NET INC./(DEC.) IN CASH &
MARKETABLE SECURITIES. 1,383 1,809 11,784
136
If Difference (0.0000) (0.0000) 0.0000
Actual 1383.09 1809.23 11783.74
No Manual Entry Required / Blocked Cells
 Page 1/4

China Power Hub Generation Company Private Limited

Financial Highlights
Deloitte Yousuf Adil Chartered Accountants
Financials for the year ended Financials for the year ended Trend Analysis
Vertical Analysis
30.12.2017 30.12.2018 2016-17 2017-18
Audited Audited 2017 2018
Profit & Loss A/C
Sales - - #DIV/0! #DIV/0! 100% 100%
COGS - - #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Gross Profit - - #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Selling & Admin Expenses 688.143 1,338.725 3% 95% #DIV/0! #DIV/0!
Depriciation 41.815 45.697 240% 9% #DIV/0! #DIV/0!
EBIT (736.679) (1,401.389) 10% 90% #DIV/0! #DIV/0!
Interest/Financial charges - - #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Net Profit after Tax (738.646) (1,410.912) 9% 91% #DIV/0! #DIV/0!

Balance Sheet
Total Current Assets 5,223.427 19,912.008 239% 281% 7.76% 9.91%
Total Current Liabilities 62,702.302 28,215.927 712% -55% 93.10% 14.04%
Net Working Capital (57,478.875) (8,303.919) 830% -86% -85.34% -4.13%
Short termBank Borrowings 58,521.116 - 1765% -100% 86.89% 0.00%
Current Portion of L.T.D - - #DIV/0! #DIV/0! 0.00% 0.00%
Total Long Term Debts - 133,184.764 #DIV/0! #DIV/0! 0.00% 66.26%
Total Fixed Assets 62,102.893 181,071.317 637% 192% 92.21% 90.08%
Total Liabilities(S.T & L.T) 62,702.302 161,400.691 712% 157% 93.10% 80.30%
Equity 4,650.522 39,605.812 106% 752% 6.90% 19.70%
Balance Sheet Footing 67,352.824 201,006.503 575% 198% 100% 100%
Important Ratios
Current Ratio 0.08 0.71 N/A N/A N/A N/A
Current Ratio (SBP) 0.08 0.71 N/A N/A N/A N/A
Debt (LT) to Equity ratio - 0.77 N/A N/A N/A N/A
Leverage 13.48 4.08 N/A N/A N/A N/A
Return on Equity (0.16) (0.04) N/A N/A N/A N/A
Interest Coverage #DIV/0! #DIV/0!
Debt Service coverage (EBIT) #DIV/0! #DIV/0!
Debt Service coverage (EBITDA) #DIV/0! #DIV/0!
Days Stock #DIV/0! #DIV/0! N/A N/A N/A N/A
Days Debtors #DIV/0! #DIV/0! N/A N/A N/A N/A
Days Creditors #DIV/0! #DIV/0! N/A N/A N/A N/A
Operating Cycle #DIV/0! #DIV/0! N/A N/A N/A N/A
Working Capital Requirement* #DIV/0! #DIV/0!

SALES

180000000 12000000
160000000 10000000
140000000
8000000
120000000
6000000
100000000
Row
80000000 Row 9 4000000 16
60000000 2000000
40000000
0
20000000
1
0 2
1 2 3 3

NET WORKING CAPITAL

7000000
18000000
6000000 16000000
14000000
5000000
12000000
4000000 10000000
3000000 8000000
Row 21 Row
6000000 22
2000000 4000000
1000000 2000000
0
0
1
1 2 2
3 3

* For Interim Financials, No. Days to be Changed accordingly