Panasonic Appliances India Company (Delisted) financials and balance sheet
BSE: 523307
Formerly Panasonic Home Appliances India Company
Last traded ₹374.20 on 16 Apr 2015
Delisted on 24 Apr 2015.
7 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.Panasonic Appliances India Company annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹187 Cr, year to Mar 2011A loss in 3 of the 7 years shown
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs.
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
Results for the year to Mar 2014
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue157
- Operating expenses−154
- Operating profit3.1
- Depreciation−3.4
- Other income+0.7
- Finance costs−3.8
- Profit before tax−3.4
- Tax0.0
- Net profit−3.4
Profit and loss
Standalone, ₹ crore, years to March.Panasonic Appliances India Company quarterly results
| ₹ crore | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 79 | 100 | 135 | 187 | 180 | 148 | 157 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 75 | 95 | 129 | 179 | 186 | – | 154 |
| Materials and goods boughtCost of materials and goods. Raw materials used and goods bought for resale in the period, adjusted for the change in stock held. | 45 | 55 | 73 | 110 | 116 | 94 | 99 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 4 | 5 | 6 | 8 | −6 | – | 3 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 4.7% | 4.7% | 4.5% | 4.0% | −3.5% | – | 2.0% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. | 2 | 2 | 2 | 3 | 3 | – | 3 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 2 | 3 | 4 | 5 | −9 | – | 0 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 1 | 0 | 0 | 0 | 0 | 1 | 1 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 0 | 0 | 1 | 2 | 4 | 3 | 4 |
| Profit before tax | 3 | 3 | 3 | 3 | −13 | −11 | −3 |
| Tax | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Net profit | 1 | 1 | 2 | 2 | −13 | −11 | −3 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 1.8% | 1.4% | 1.4% | 1.0% | −7.1% | −7.7% | −2.2% |
Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2013: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.
Ratios
Standalone, years to March.
| Ratio | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
|---|---|---|---|---|---|---|---|
| Revenue growthRevenue growth. This year's revenue less last year's, divided by last year's, times 100; blank where last year's is not above nought. | – | 26.0% | 35.7% | 38.2% | −3.9% | −17.8% | 6.6% |
| Operating profit growthOperating profit growth. This year's operating profit before depreciation less last year's, divided by last year's, times 100; blank where last year's is not above nought. | – | 26.4% | 30.6% | 22.7% | – | – | – |
| Net profit growthNet profit growth. This year's net profit less last year's, divided by last year's, times 100; blank where last year's is not above nought. | – | −2.2% | 36.5% | −7.3% | – | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 5.0 | 5.9 | 4.1 | 2.1 | – | – | – |
Interest cover is left blank for the years to Mar 2012 and Mar 2014: operating profit after depreciation is a loss, and a loss covers no interest bill.
Growth and returns over 3, 5 and 10 years
Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2014.
| Measure | 5 years | 3 years |
|---|---|---|
| Revenue growth, yearly rateRevenue growth, yearly rate. 3 years: Revenue in the latest year ÷ revenue in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Revenue in the latest year ÷ revenue in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Revenue in the latest year ÷ revenue in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | 9.6% | −5.6% |
| Operating margin, averageOperating margin, average. 3 years: The plain average of the yearly operating profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly operating profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly operating profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 1.8% | −0.8% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | −2.9% | −5.7% |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
|---|---|---|---|---|---|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 42.66 | 45.29 | 35.43 | 31.71 | – | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.