Summary:

According this report about Director’s Review which is regarding about financial capital about
FFC. The report about six year financial analyses of FFC.

Pakistan’s agricultural sector depicted a 13 years high growth rate of 3.8% in 2018. The Country
witnessed one of the worst devaluation of PKR during the year leading to inflationary pressure,
whereas interest rates also registered significant increase. With the recovery of selling prices of
urea and DAP during the year 2016 and 2017. The Company made another benchmark of most
elevated ever total deals income of Rs 108 billion, 17% higher than a year ago. Streamlining in
working and account expenses and improvement in venture salary added to the gainfulness of
the Company enrolling a development of 35% throughout the year 2017. Deliberate showcasing
endeavors additionally empowered the Company to improve joined FFC/FFBL urea piece of the
overall industry to 53%. FFC accomplished net gainfulness of Rs 14.44 billion, with income per
portion of Rs 11.35 against Rs 8.42 per share a year ago fundamentally because of progress in
selling costs. The expanded dissimilarity between GST rates, with yield GST brought down to 2%
by Finance Act 2018 while keeping the information GST rates between 5% to 17%, contrarily
influenced Company's incomes.

According this report FFC has also improved its long term credit rating to AA+ while short term
rating has been maintained at the highest level of A1+. the Board is satisfied to declare last
profit of Rs 3.90 per share. The Company additionally contributed around Rs 36.78 billion to the
national exchequer by method for assessments and imposes other than empowering
investment funds in remote cash of around US$ 650 million through import substitution. FFC
gained 30% stake in Thar Energy Limited (TEL) with value infusion of Rs 1.46 billion during the
year to set up a 330 MW power plant. As well as Urea creation cost at Rs 51.39 billion expanded
by 7% basically because of considerable climb in gas rates during the last quarter of 2018.

Net advantage of the Company improved by 55% to Rs 27.98 billion diverged from Rs 18.09
billion. The movement cost of Rs 8.83 billion, extended by 3%. Reserve cost was abbreviated at
Rs 1.64 billion, a decreasing of 33%. Sponsorship compensation of Rs 2.40 billion demonstrated
a reduction of Rs 4.20 billion. Evaluation charge of Rs 7.24 billion for the year has extended by
44%.

Complete resources of the Company stayed at Rs 33.38 billion changing over into a detachment
estimation of Rs 26.24 per share. Long stretch commitment stayed at Rs 8.58 billion, which
decreased by Rs 6.99 billion. Trade and various payables recorded at Rs 60.60 billion, Short-
term borrowings at Rs 28.53 billion, extended by Rs 16.99 billion, Current piece of long stretch
borrowings extended by 6%, Contingencies join discipline of Rs 5.5 billion constrained by the
Competition Commission of Pakistan (CCP) in 2013.
Property, plant and equipment stayed at Rs 21.53 billion with a reduction of 3%. Stock in return
stayed at Rs 12.93 billion, Trade commitments selected a decrease of 1%, Other Receivables
extended by Rs 1.76 billion to Rs 15.72 billion and Short-term adventures recorded at Rs 54.59
billion, improved by 77%. The outright asset base of the Company subsequently extended by
35% to Rs 146.49 billion basically controlled by stock in return and transient endeavors.

Basic decrease of Rs 14.34 billion in genuine cash and cash reciprocals when diverged from a
year prior was in a general sense due to course of action of surplus resources in advantageous
theory openings. The Company recorded Rs 3.39 billion in genuine cash and cash reciprocals
toward the year's end against the underlying leveling of Rs 17.72 billion. The current extent of
0.95 events improved over latest six years typical. Energetic extent of 0.79 events, but higher
than the six-year ordinary of 0.70 events, recorded a diminishing from 2017 by 0.09 events. The
all out stores close to the completion of 2018 stayed at Rs 20.66 billion.