Benazir Bhutto Shaheed University;

Indus Motors Company (Toyota):

Submitted To: Sir Munir Ahmed Abbasi

Group No: 01
Group Members: *Shamsa Akbar
*Sadaf Abdul Shakoor
*Asad Nisar
*Ayub-E-Rahman
*Saqib
*Bilal
Nissan Motor Co Ltd (Financial Statements)

Income Statement:
currency in Mar 31
2011
Mar 31
2012
Mar 31
2013
Mar 31
2014
Millions of US As of: USD USD USD Press
Release
Dollars USD

Revenues 85,625.4 91,832.1 93,984.6 95,896.9

TOTAL REVENUES 85,625.4 91,832.1 93,984.6 102,309.4
Cost Of Goods Sold 69,833.8 75,862.8 78,301.1 84,288.0
GROSS PROFIT 15,791.6 15,969.3 15,683.5 18,021.4
Selling General & Admin Expenses, Total 9,018.6 9,360.9 9,360.6 12,803.5
Depreciation & Amortization, Total 611.4 526.7 517.0 442.4
Other Operating Expenses 915.9 754.2 696.1 --
OTHER OPERATING EXPENSES, TOTAL 10,545.9 10,641.9 10,573.7 13,245.5
OPERATING INCOME 5,245.7 5,327.4 5,109.8 4,775.5
Interest Expense -276.8 -321.0 -268.1 -279.9
Interest And Investment Income 152.2 224.0 192.4 225.2
NET INTEREST EXPENSE -124.5 -97.0 -75.7 -54.7
Income (Loss) On Equity Investments 419.9 186.4 113.6 769.2
Currency Exchange Gains (Loss) -281.6 144.0 189.2 -127.5
Other Non-Operating Income (Expenses) -148.0 -135.2 -108.7 -197.6
EBT, EXCLUDING UNUSUAL ITEMS 5,111.4 5,425.6 5,228.2 5,165.0
Gain (Loss) On Sale Of Investments 24.0 339.0 16.7 36.8
Gain (Loss) On Sale Of Assets 140.6 -136.9 29.7 -38.9
Other Unusual Items, Total -589.9 -461.5 -231.4
Other Unusual Items -510.8 -262.0 -30.4 24.6
EBT, INCLUDING UNUSUAL ITEMS 4,686.2 5,166.3 5,043.1 5,166.7
Income Tax Expense 1,289.6 1,478.7 1,428.4 1,122.9
Minority Interest In Earnings -281.0 -355.2 -272.5 -246.9
Earnings From Continuing Operations 3,396.6 3,687.6 3,614.7 4,043.8
NET INCOME 3,115.6 3,332.4 3,342.3 3,797.0
 Nissan Motor Co Ltd (Balance Sheet):

Mar 31 Mar 31 Mar 31 Mar 31

Currency in 2011 2012 2013 2014
Millions of US As of: USD USD USD Press
Dollars Release
USD

   
Assets    

Cash And Equivalents 9,748.5 7,470.5 6,742.4 6,910.4

Short-Term Investments 1,542.2 756.2 1,050.7 131.5

TOTAL CASH AND SHORT TERM

11,290.7 8,226.7 7,793.0 7,041.8
INVESTMENTS

Accounts Receivable 33,221.4 38,793.3 47,050.9 7,095.5

TOTAL RECEIVABLES 33,221.4 38,793.3 47,050.9 7,095.5

Inventory 9,586.6 9,945.1 10,981.2 11,242.1

Finance Division Loans And Leases,
-- -- -- 49,127.5
Current
Finance Division Other Current Assets -- -- -- 1,120.8
Deferred Tax Assets, Current 2,769.8 2,601.4 2,382.7 2,053.5
Other Current Assets 5,066.9 4,947.8 5,939.8 6,345.4

TOTAL CURRENT ASSETS 61,935.3 64,514.3 74,147.7 84,026.6

NET PROPERTY PLANT AND

35,497.5 36,417.0 42,579.1 27,666.3
EQUIPMENT
Goodwill 561.8 510.7 453.3 --
Long-Term Investments 5,203.9 5,003.2 5,928.7 8,896.2
Finance Division Other Long-Term Assets -- -- -- 18,955.6
Loans Receivable, Long Term 167.4 54.8 128.0 --
Deferred Tax Assets, Long Term 680.4 901.6 1,007.2 1,146.2
Other Intangibles 743.8 661.6 734.4 901.2
Other Long-Term Assets -- -- -- 1,913.2
TOTAL ASSETS 104,790.1 108,063.2 124,978.5 143,505.2

       

     
LIABILITIES & EQUITY  
Accounts Payable 11,531.1 13,442.0 13,041.6 14,273.4
Accrued Expenses 5,664.2 6,445.2 6,441.3 6,768.0
Short-Term Borrowings 8,293.0 2,762.3 7,209.1 8,371.6
Current Portion Of Long-Term
10,724.8 10,225.1 9,700.4 11,418.5
Debt/Capital Lease
Current Portion Of Capital Lease
757.4 372.7 318.9 320.0
Obligations
Finance Division Other Current Liabilities -- -- -- 482.8
Other Current Liabilities, Total 6,539.8 7,581.5 8,114.4 9,309.7

TOTAL CURRENT LIABILITIES 42,754.1 40,457.4 44,508.0 50,627.6

Long-Term Debt 20,138.1 24,038.5 29,582.9 6,152.2

Capital Leases 655.2 337.5 222.5 230.0
Minority Interest 3,220.3 2,936.6 3,301.6 3,225.4
Finance Division Debt, Non-Current -- -- -- 28,995.3
Pension & Other Post-Retirement Benefits 1,786.8 1,560.8 1,609.4 2,113.9
Deferred Tax Liability Non-Current 4,522.3 4,750.2 5,419.2 5,906.2
Other Non-Current Liabilities 2,981.5 3,246.9 3,874.3 3,886.0

TOTAL LIABILITIES 72,838.0 74,391.3 85,216.3 97,911.1

Common Stock 5,912.7 5,912.7 5,912.7 5,912.7

Additional Paid In Capital 7,851.6 7,851.6 7,851.6 7,851.8
Retained Earnings 26,676.5 29,368.7 31,761.1 34,420.1
Treasury Stock -1,581.4 -1,459.5 -1,459.6 -1,457.3
Comprehensive Income And Other -10,127.8 -10,938.2 -7,605.2 -4,358.6

TOTAL COMMON EQUITY 28,731.8 30,735.4 36,460.6 42,368.7

TOTAL EQUITY 31,952.1 33,672.0 39,762.2 45,594.1

TOTAL LIABILITIES AND EQUITY 104,790.1 108,063.2 124,978.5 143,505.2

Volkswagen Ag (Financial Statements):

Income statement
Dec 31 Dec 31 Dec 31 Dec 31
Currency in 2010 2011 2012 2013
As of: Restated
Millions of US Dollars Restated Restated USD
USD USD USD
Revenues 153,896.7 193,850.4 235,774.1 238,749.6
Other Revenues -- 1.4 -- --

TOTAL REVENUES 173,090.5 217,377.1 262,860.2 268,768.8

Cost Of Goods Sold 127,483.3 159,778.0 193,794.5 196,798.6

GROSS PROFIT 29,122.9 36,938.7 43,951.0 44,530.8

Selling General & Admin

20,226.5 23,697.2 31,495.3 33,132.4
Expenses, Total
Other Operating Expenses -1,307.0 -3,101.0 -3,109.1 -4,824.0
OTHER OPERATING
18,919.6 20,596.2 28,386.2 28,308.4
EXPENSES, TOTAL

OPERATING INCOME 10,203.3 16,342.5 15,564.8 16,222.4

Interest Expense -1,935.9 -- -- -3,899.1

Interest And Investment Income 1,081.9 -- -- --

NET INTEREST EXPENSE -854.0 -- -- -3,899.1

Income (Loss) On Equity
2,652.1 2,965.9 4,323.3 4,895.0
Investments
Currency Exchange Gains (Loss) 360.2 -47.7 --
Other Non-Operating Income
-682.1 7,518.4 766.7 1.4
(Expenses)
EBT, EXCLUDING UNUSUAL
11,679.4 26,779.1 20,654.9 17,219.7
ITEMS
Gain (Loss) On Sale Of
2,398.4 -- 14,186.9 --
Investments
Gain (Loss) On Sale Of Assets 13.6 -40.9 -- --
Other Unusual Items, Total -1,821.3 -918.1 -69.6 -300.1
Other Unusual Items -46.4 -30.0 --
EBT, INCLUDING UNUSUAL
12,270.2 25,820.0 34,772.3 16,919.6
ITEMS
Income Tax Expense 2,410.6 4,264.7 4,920.9 4,480.2
Minority Interest In Earnings -534.8 -533.4 -230.6 -70.9
Earnings From Continuing
9,859.5 21,555.3 29,851.4 12,439.3
Operations

NET INCOME 9,324.7 21,021.9 29,620.8 12,368.4

 Volkswagen (Balance Sheet)

Dec 31 Dec 31 Dec 31 Dec 31

2010 2011 2012 2013
Restated Restated Restated USD
As of: USD USD USD
Currency in
Millions of US
Dollars

 
   
Assets  
Cash And Equivalents 23,764.0 19,732.7 21,094.2 27,899.1
Short-Term Investments 7,332.9 9,159.6 10,859.5 12,083.3
TOTAL CASH AND SHORT TERM
31,096.9 28,892.3 31,953.7 39,982.4
INVESTMENTS
Accounts Receivable 9,390.2 14,296.1 13,777.7 15,188.3
Notes Receivable -- 2,708.1 3,788.6 3,723.1
Other Receivables 8,412.0 7,047.8 7,618.0 7,856.8
TOTAL RECEIVABLES 17,802.2 24,051.9 25,184.2 26,768.1
Inventory 24,053.3 37,586.7 39,118.8 39,090.1
Finance Division Loans And Leases,
41,151.5 46,049.2 50,356.2 52,368.5
Current
Finance Division Other Current Assets 1,878.6 6,463.9 6,496.6 6,200.6
Other Current Assets 1,256.5 1,076.4 1,135.1 2,292.0
TOTAL CURRENT ASSETS 117,239.0 144,120.4 154,244.6 166,701.7
Gross Property Plant And Equipment 140,854.4 158,782.1 177,684.0 191,831.3
Accumulated Depreciation -93,719.2 -98,857.0 -104,244.5 -112,000.3
NET PROPERTY PLANT AND 47,135.2 59,925.1 73,439.5 79,831.0
EQUIPMENT
Goodwill 4,652.1 5,912.7 32,589.4 32,373.9
Long-Term Investments 21,268.8 21,023.2 18,227.9 19,140.6
Finance Division Loans And Leases,
48,863.7 57,912.8 67,919.7 69,847.4
Long Term
Loans Receivable, Long Term -- 1,327.4 2,761.3 3,372.5
Deferred Tax Assets, Long Term 5,795.4 8,639.9 10,690.3 7,669.9
Deferred Charges, Long Term 10,523.9 13,525.3 17,547.1 19,375.2
Other Intangibles 2,701.2 10,815.9 30,507.6 29,073.7
Other Long-Term Assets 13,844.5 23,004.2 14,335.6 15,088.7
TOTAL ASSETS 272,023.9 346,206.9 422,263.0 442,474.5
     

     
LIABILITIES & EQUITY  
Accounts Payable 15,863.6 20,796.8 21,367.0 22,623.5
Accrued Expenses 10,005.5 15,382.0 14,429.8 16,292.0
Finance Division Other Current
21,986.4 29,027.4 32,169.3 32,402.5
Liabilities
Current Income Taxes Payable 390.2 1,151.4 324.7 297.4
Other Current Liabilities, Total 20,417.5 26,316.6 26,592.2 33,654.9
Unearned Revenue, Current 2,615.3 6,020.5 5,308.3 5,163.7
TOTAL CURRENT LIABILITIES 104,910.2 138,113.6 143,964.9 161,835.3
Long-Term Debt 12,263.3 10,451.6 20,558.0 21,709.5
Minority Interest 3,729.9 7,933.2 5,884.1 3,143.3
Finance Division Debt, Non-Current 33,135.1 45,959.2 63,562.2 60,831.0
Finance Division Other Non-Current
5,523.9 4,484.3 3,076.4 1,784.5
Liabilities

Unearned Revenue, Non-Current -- 1,547.1 1,062.8 957.7

Pension & Other Post-Retirement 20,825.4 22,637.2 32,233.4 29,305.7

Benefits
Deferred Tax Liability Non-Current 2,276.9 5,532.1 12,346.6 10,769.5
Other Non-Current Liabilities 26,633.1 31,050.6 33,596.3 32,447.6
TOTAL LIABILITIES 205,568.1 259,775.6 310,400.5 319,640.7
Common Stock 1,624.8 1,624.8 1,624.8 1,624.8
Additional Paid In Capital 12,723.1 12,727.2 15,701.3 17,268.8
Retained Earnings 51,410.8 70,619.6 88,125.7 98,728.8
Comprehensive Income And Other -3,032.7 -6,473.4 526.6 2,068.2
TOTAL COMMON EQUITY 62,725.9 78,498.2 105,978.4 119,690.6
TOTAL EQUITY 66,455.8 86,431.3 111,862.5 122,833.9
TOTAL LIABILITIES AND EQUITY 272,023.9 346,206.9 422,263.0 442,474.5