98
Profit and Loss Account Net sales Cost of sales Gross profit Distribution costs Administrative expenses Other Operating Expenses Finance Cost Other income Share of Profit From Associate - Net of Tax Loss / Profit before taxation Taxation Taxation Profit / Loss after taxation Other comprehensive income fo the year Other comprehensive income not to be reclassified t profit and loss account in subsequent periods: Loss / Gain on remeasurements of post retirement benefit ob Deferred taxation Other Comprehensive Income Total comprehensive income for the year

Dandot Cement

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Page 1: Dandot Cement

Income Statement

Profit and Loss Account

Net salesCost of salesGross profit

Distribution costsAdministrative expenses

Other Operating ExpensesFinance Cost

Other incomeShare of Profit From Associate - Net of Tax

Loss / Profit before taxation

TaxationTaxation

Profit / Loss after taxation

Other comprehensive income fo the yearOther comprehensive income not to be reclassified to

profit and loss account in subsequent periods:Loss / Gain on remeasurements of post retirement benefit obligations

Deferred taxation

Other Comprehensive Income

Total comprehensive income for the year

Page 2: Dandot Cement

Income Statement

2014 2013 2012 2011 2010

1,068,197,617 145,271,934 1,103,744,233 773,176,312 233,285,900(1,416,478,467) (520,018,560) (1,544,143,067) (1,125,015,743) (497,040,208)(348,280,850) (374,746,626) (440,398,834) (351,839,431) (263,754,308)

(3,349,392) (2,939,818) (3,334,223) (2,952,784) (1,548,906)(40,788,114) (41,496,157) (46,196,158) (29,727,459) (30,147,270)(25,858,329) (38,305,384) - (1,257,215) (16,471,760)

(108,678,116) (19,268,646) (17,404,622) (15,444,432) (248,372,182)(178,673,951) (102,010,005) (66,935,003) (49,381,890) (296,540,118)

321,676 13,117,330 560,033 9,191,422 3,312,1110 0 0 0 0

(526,633,125) (463,639,301) (506,773,804) (392,029,899) (556,982,315)

0 (3,168,078) 0 52,867,006 120,856,665

(526,633,125) (466,807,379) (506,773,804) (339,162,893) (436,125,650)

5,155,734 17,893,789 0 0 0

5,155,734 17,893,789 0 0 0 5,155,734 17,893,789 0 0 0

(521,477,391) (448,913,590) (506,773,804) (339,162,893) (436,125,650)

Page 3: Dandot Cement

Income Statement

2009

1,146,062,796(1,230,944,867)

(84,882,071)

(5,970,180)(101,742,774)

0 (266,011,769)(373,724,723)

949,4390

(457,657,355)

147,480,744

(310,176,611)

0

0 0

(310,176,611)

Page 4: Dandot Cement

Income Statement

Profit and Loss Account

Net salesCost of salesGross profit

Distribution costsAdministrative expenses

Other Operating ExpensesFinance Cost

Other incomeShare of Profit From Associate - Net of Tax

Loss / Profit before taxation

TaxationTaxation

Profit / Loss after taxation

Other comprehensive income fo the yearOther comprehensive income not to be reclassified to

profit and loss account in subsequent periods:Loss / Gain on remeasurements of post retirement benefit obligations

Deferred taxation

Other Comprehensive Income

Total comprehensive income for the year

Page 5: Dandot Cement

Income Statement

2014 2013 2012 2011

100 100 ### 100 ### 100 ###133% 358% 140% 146%33% 258% 40% 46%

0.31% 2.02% 0.30% 0.38%3.82% 28.56% 4.19% 3.84%2.42% 26.37% 0.16%

10.17% 13.26% 1.58% 2.00%16.73% 70.22% 6.06% 6.39%

0.03% 9.03% 0.05% 1.19%

49.30% 319% 45.91% 50.70%

2.18% 6.8%

49.30% 319% 46% 51%

0.48% 12.32% - -- -

0.48% 12.32%0.48% 12.32% - -

48.82% 309.02% 45.91% 43.87%

Page 6: Dandot Cement

Income Statement

2010 2009

100 ### 100213% 107%113% 7%

0.66% 0.52%12.92% 8.88%7.06% 0.00%

106.47% 23.21%127.11% 32.61%

1.42% 0.08%

238.76% 39.93%

51.81% 0.08%

239% 40%

- -- -

- -

186.95% 27.06%

Page 7: Dandot Cement

Balance Sheet

Balance Sheet

ASSETSNON-CURRENT ASSETS

Fixed assetsProperty, Plant and EquipmentIntangible Assets / Capital Work in progress

Long-Term InvestmentsLong-Term Loans and AdvancesLong-Term Security Deposits

CURRENT ASSETSStores, Spares and Loose ToolsStock-in-TradeTrade debts / Trade DebtorsLoans and AdvancesTrade Deposits & Short-Term PrepaymentsBalance with Statutory AuthoritiesInterest AccruedOther receivablesOther Financial AssetsSales Tax RefundableCash and bank balances

TOTAL ASSETS

EQUITY AND LIABILITIES

Page 8: Dandot Cement

SHARE CAPITAL AND RESERVESIssued Subscribed & Paid up CapitalAccumulated LossReserves / Share Premium

Unappropriated ProfitTotal Share Capital & Reservers

Surplus on Revaluation of Fixed Assets

NON-CURRENT LIABILITIESLong Term Advances & DepositsOther Loans & LiabiltiesLong from Banking CompaniesLiabilities Against Assets Subject to FinanceDeferred liabilities

Total Non Current Liabilities

CURRENT LIABILITIESTrade and other PayablesInterest / Markup AccruedShort Term BorrowingsCurrent Portion of Long Term LoansCusom DebenturesTaxation

Total Current Liabilities

TOTAL EQUITY AND LIABILITIES

413509797

Unrealized loss in value of Investment / Securities availale for sale

Page 9: Dandot Cement

Balance Sheet

2014 2013 2012 2011

2,022,858,443 2,016,895,019 2,085,626,356 2,155,353,839 0 0 0 0

2,022,858,443 2,016,895,019 2,085,626,356 2,155,353,839

2,800 4,045 19,603 55,521 - - - -

10,674,715 10,374,715 10,434,715 20,434,715 2,033,535,958 2,027,273,779 2,096,080,674 2,175,844,075

149,040,673 118,749,418 162,506,676 139,953,345 216,117,193 217,025,760 104,948,507 92,445,057 56,744,918 3,038,538 9,899,364 17,971,314

292,218,913 274,278,830 317,207,802 427,684,172 - - - -

69,894,939 37,485,467 55,688,320 42,439,406 9,388,556 9,388,556 9,388,556 9,388,555 386,967 386,967 531,415 261,157

- - - -- - - -

40,462,788 3,201,728 3,546,998 3,723,119 834,254,947 663,555,264 663,717,638 733,866,125

2,867,790,905 2,690,829,043 2,759,798,312 2,909,710,200

Page 10: Dandot Cement

948,399,800 948,399,800 948,399,800 948,399,800 (4,235,124,127) (3,748,790,059) (3,346,259,712) (2,876,726,135)

31,800,740 31,800,740 31,800,740 31,800,740

0 0 0 0

0 0 0 0 (3,254,923,587) (2,768,589,519) (2,366,059,172) (1,896,525,595)

1,030,109,897 1,065,253,220 1,101,477,782 1,138,718,009

1,882,313 1,532,313 1,708,402 1,983,242 26,016,330 37,994,550 299,965,765 365,994,978

1,343,117,783 1,020,000,000 1,020,000,000 1,020,000,000 - - - -- - - -

1,371,016,426 1,059,526,863 1,321,674,167 1,387,978,220

1,940,435,092 1,647,878,630 1,417,184,823 1,050,947,662 514,094,819 712,597,533 693,998,380 677,881,511

1,185,698,828 899,551,455 526,645,864 488,367,263 81,359,430 74,610,861 64,876,468 62,343,130

- - - -3,721,588,169 3,334,638,479 2,702,705,535 2,279,539,566

2,867,790,905 2,690,829,043 2,759,798,312 2,909,710,200

Page 11: Dandot Cement

Balance Sheet

2010 2009

2,230,649,430 2,313,957,697 190,681,083 190,681,083

2,421,330,513 2,504,638,780

201,910 230,850 - -

10,324,955 10,324,955 2,431,857,378 2,515,194,585

141,275,663 139,793,328 41,859,618 19,223,714

- -348,034,923 355,100,940

- 607,362 53,969,551 46,773,613 9,408,039 9,449,463 568,810 683,255

- -- -

3,789,111 3,866,858 598,905,715 575,498,533

3,030,763,093 3,090,693,118

Page 12: Dandot Cement

948,399,800 948,399,800 (2,576,474,408) (2,182,389,062)

31,800,740 31,800,740

0 0

0 0 (1,596,273,868) (1,202,188,522)

1,177,629,175 1,219,669,479

7,357,685 7,268,720 378,365,787 384,415,170

1,020,000,000 1,020,000,000 - -

60,223,927 251,085,932 1,465,947,399 1,662,769,822

801,321,081 481,732,907 664,113,130 417,087,296 446,066,283 449,194,331 56,170,266 46,638,178

15,789,627 15,789,627 1,983,460,387 1,410,442,339

3,030,763,093 3,090,693,118

Page 13: Dandot Cement

Balance Sheet

Balance Sheet

ASSETSNON-CURRENT ASSETS

Fixed assetsProperty, Plant and EquipmentIntangible Assets / Capital Work in progress

Long-Term InvestmentsLong-Term Loans and AdvancesLong-Term Security Deposits

CURRENT ASSETSStores, Spares and Loose ToolsStock-in-TradeTrade debts / Trade DebtorsLoans and AdvancesTrade Deposits & Short-Term PrepaymentsBalance with Statutory AuthoritiesInterest AccruedOther receivablesOther Financial AssetsSales Tax RefundableCash and bank balances

TOTAL ASSETS

EQUITY AND LIABILITIES

Page 14: Dandot Cement

SHARE CAPITAL AND RESERVESIssued Subscribed & Paid up CapitalAccumulated LossReserves / Share Premium

Unappropriated ProfitTotal Share Capital & Reservers

Surplus on Revaluation of Fixed Assets

NON-CURRENT LIABILITIESLong Term Advances & DepositsOther Loans & LiabiltiesLong from Banking CompaniesLiabilities Against Assets Subject to FinanceDeferred liabilities

Total Non Current Liabilities

CURRENT LIABILITIESTrade and other PayablesInterest / Markup AccruedShort Term BorrowingsCurrent Portion of Long Term LoansCusom DebenturesTaxation

Total Current Liabilities

TOTAL EQUITY AND LIABILITIES

Unrealized loss in value of Investment / Securities availale for sale

Page 15: Dandot Cement

Balance Sheet

2014 2013 2012 2011

71% 75% 76% 74%0 0 0 0

71% ### 75% ### 76% ### 74%

0.00010% 0.00015% 0.00071% 0.00191%- - - -

0.37% 0.39% 0.38% 0.70%71% 75% 76% 75%

5.20% 4.41% 5.89% 4.81%7.54% 8.07% 3.80% 3.18%1.98% 0.11% 0.36% 0.62%

10.19% 10.19% 11.49% 14.70%- - - -

2.44% 1.39% 2.02% 1.46%0.33% 0.35% 0.34% 0.32%

0.013% 0.014% 0.019% 0.009%- - - -- - - -

1.41% 0.12% 0.13% 0.13%29% 25% 24% 25%

100 100 100 100

Page 16: Dandot Cement

33.07% 35.25% 34.36% 32.59%-147.68% -139.32% -121.25% -98.87%

1.11% 1.18% 1.15% 1.09%

0 0 0 0

0 0 0 0 -113% -103% -86% -65%

35.92% 39.59% 39.91% 39.14%

0.07% 0.06% 0.06% 0.07%0.91% 1.41% 10.87% 12.58%

46.83% 37.91% 36.96% 35.06%- - - -- - - -

48% 39% 48% 48%

67.66% 61.24% 51.35% 36.12%17.93% 26.48% 25.15% 23.30%41.35% 33.43% 19.08% 16.78%2.84% 2.77% 2.35% 2.14%

- - - -130% 124% 98% 78%

100 100 100 100

Page 17: Dandot Cement

Balance Sheet

2010 2009

74% 75%6.3% 6.2%80% 81%

0.00666% 0.00747%- -

0.34% 0.33%80% 81%

4.66% 4.52%1.38% 0.62%

11.48% 11.49%- 0.020%

1.78% 1.51%0.31% 0.31%

0.019% 0.022%- -- -

0.13% 0.13%20% 19%

100 100

Page 18: Dandot Cement

31.29% 30.69%-85.01% -70.61%1.05% 1.03%

0 0

0 0 -53% -39%

38.86% 39.46%

0.24% 0.24%12.48% 12.44%33.65% 33.00%

- -1.99% 8.12%48% 54%

26.44% 15.59%21.91% 13.49%14.72% 14.53%1.85% 1.51%

0.52% 0.51%65% 46%

100 100

Page 19: Dandot Cement

Cash Flow Statement

CASH FLOWS FROM OPERATING ACTIVITIESLoss / Profit Before Taxation

Adjustments ForDepreiciaton on Porperty, Plant & EquipmentAmortization on Intangible AssetsImpairment on Property, Plant & EquipmentNet Realisable Value Charge on Stock In TradeProvision for Staff GratuityProvision for Compensated AbsencesFinance costsShare of Profit / Loss from AssociateLoss / Gain on Disposal of Property, Plant & Equipment

Operating Cash Flows Before Change in Working Capital

Increase / Decrease in Current AssetsStores, Spare & Loose ToolsStock in TradeTrade DebtsLoans & AdvancesTrade Deposits & Short Term PrepaymentsOther ReceivablesOther Financial AssetsSales Tax Refundable

Decrease / Increase in Current Liabilities

Page 20: Dandot Cement

Trade and Other PayablesCash Generated from Operations

Finance Cost PaidIncome Taxes PaidInterest ReceivedStaff Gratuity & Compensated Absences PaidLong Term Deposits

Net Cash Generated from / Used in Operating Activies

CASH FLOWS FROM INVESTING ACTIVITIESDividend Received from an Associated CompanyFixed Capital ExpenditureSale Proceeds of Fixed Assets / Work in ProgressPurchase of Property, Plant & EquipmentProceeds from disposal of Property, Plant & EquipmentPurchase of Intangible Assets / LeaseLong Term Deposits / Loans

Net cash used in Investing Activities

CASH FLOWS FROM FINANCING ACTIVITIESLong Term Finances ObtainedRepayment of Long Term Finance

Repayments of Proceeds from Finance LeaseDividends paid

Net cash used in financing activities

Net Increase / Decrease in cash and cash equivalents

Cash and cash equivalents at the beginning of the year

Cash and cash equivalents at the end of the year

Repayment of / Proceeds from Short Term Borrowings - Import / Export

Page 21: Dandot Cement

Cash Flow

2014 2013 2012 2011

(526,633,125) (463,639,301) (506,773,804) (392,029,899)

67,147,846 69,014,137 72,163,711 75,476,909-

25,858,329 - --

16,489,933 24,121,833 25,269,287 66,682,522

108,678,116 19,268,646 17,404,622 15,444,432 (210,845) (204,668) (201,305) (241,422)

Loss / Gain on Disposal of Property, Plant & Equipment (110,831) (358,728)217,852,548 112,199,948 114,277,587 157,362,441

-308,780,577 -351,439,353 -392,496,217 -234,667,458

(24,691,255) 43,757,258 (22,553,331) 1,322,318 908,567 (112,077,253) (12,503,450) (50,585,439)

(53,706,380) 6,860,826 8,071,950 (17,971,314)(17,940,083) 42,928,972 110,476,370 30,756,834

144,448 (270,258) 307,653

-95,429,151 (18,385,749) 83,221,281 (36,169,948)

Page 22: Dandot Cement

170,962,827 234,194,651 341,515,889 183,095,059-233,246,901 -135,630,451 32,240,953 -87,742,347

(18,510,699) (214,700) (729,328) (1,676,051)(32,409,472) 15,034,775 (13,248,914) (11,616,402)

210,845 204,668 201,304 260,906 (300,000) 60,000 (1,106,440) (151,000)(80,786) (25,000) 10,000,000 -10109760

-284,337,013 (120,570,708) 27,357,575 (111,034,654)

-(94,491,967) (282,800) (2,502,500) (181,319)

168,000 425,000 80,275,000

Proceeds from disposal of Property, Plant & Equipment(15,417)

1,245 15,558 35,918 146,389

(94,322,722) (267,242) (2,056,999) 80,240,070

350,000 (176,089) (63,480,458) (6,197,945)(11,432,651) (252,236,822) (274,840) (5,374,443)

427,003,446 372,905,591 38,278,601 6,332,546

- - 35,968,434

415,920,795 120,492,680 (25,476,697) 30,728,592

37,261,060 (345,270) (176,121) (65,992)

3,201,728 3,546,998 ### 3,723,119 3,789,111

40,462,788 3,201,728 3,546,998 3,723,119

Page 23: Dandot Cement

Cash Flow

2010 2009

(556,982,315) (457,657,355)

79,855,710 84,290,335- 28,383,561

-- -

16,467,950248,372,182 266,011,769

(277,587) (464,734)(3,034,524) (388,405)

341,383,731 377,832,526

-215,598,584 -79,824,829

3,908,743 (5,898,812)456,244,963 112,683,994 (49,423,616) 44,515,091 (1,967,280) 51,419,896

178,265 (89,384)3,418,630 (5,251,564)

(1,849,089)132,671 447,581

412,492,376 195,977,713

Page 24: Dandot Cement

55,147,621 (128,900,120)252,041,413 -12,747,236

(203,334,066) (231,598,201)(22,946,054) (7,602,760)

(6,701,316) (6,640,781)324,758 374,030

19,384,735 (258,214,948)

- -

(27,415,660) (6,510,145)1,563,200 6,333,973

- -- -

(25,852,460) (176,172)

37,752,809 121,815,112 (85,603,321) (85,603,321)

(92,365,016) (386,903,615)

(13,829,961) 13,524,010 - (1,402)

(154,045,489) (337,169,216)

(160,513,214) (595,560,336)

(669,589,725) (298,303,924)

(830,102,939) (893,864,260)

Page 25: Dandot Cement

Symbol Date Price Volume

2015

2015

DNCC May 14, 2015 11.5 2000 10.80DNCC May 8, 2015 12 500

DNCC May 5, 2015 12 1000

DNCC May 4, 2015 12.5 5500

DNCC April 30, 2015 12.96 5500

DNCC April 29, 2015 13.13 53000

DNCC April 28, 2015 12.98 111000

DNCC April 27, 2015 12.39 113500

DNCC April 24, 2015 11.42 35000

DNCC April 23, 2015 12.17 65500

DNCC April 22, 2015 12.25 57500

DNCC April 21, 2015 11.25 9000

DNCC April 20, 2015 10.25 5000

DNCC April 17, 2015 9.25 28000

DNCC April 16, 2015 9 1000

DNCC April 13, 2015 9.25 101000

DNCC April 9, 2015 9.22 3000

DNCC April 8, 2015 9.22 500

DNCC April 7, 2015 9 25500

DNCC April 6, 2015 9 2500

DNCC April 2, 2015 9.25 1500

DNCC March 31, 2015 9.25 1500

DNCC March 30, 2015 9 1500

DNCC March 9, 2015 10 3000

DNCC March 5, 2015 10.4 1000

DNCC March 4, 2015 10 500

DNCC March 3, 2015 9.99 2000

DNCC March 2, 2015 10.06 8000

DNCC February 26, 2015 10.1 5000

DNCC February 24, 2015 10.65 2500

DNCC February 20, 2015 10.49 42500

DNCC February 16, 2015 10.2 1000

DNCC February 12, 2015 10.2 2500

DNCC February 11, 2015 10.3 1000

Average Price for the year

Page 26: Dandot Cement

2015

DNCC February 10, 2015 10.22 5000

DNCC February 9, 2015 10 6500

DNCC February 6, 2015 10.15 500

DNCC February 4, 2015 10.5 31000

DNCC February 2, 2015 10.45 31500

DNCC January 29, 2015 10.44 500

DNCC January 28, 2015 10.44 3000

DNCC January 26, 2015 10.68 3500

DNCC January 23, 2015 10.16 7500

DNCC January 22, 2015 10.76 7500

DNCC January 21, 2015 11.67 177500

DNCC January 20, 2015 11.12 5500

DNCC January 19, 2015 11.5 1000

DNCC January 16, 2015 11.7 500

DNCC January 15, 2015 11.7 4500

DNCC January 14, 2015 12 500

DNCC January 13, 2015 11.39 1500

DNCC January 12, 2015 11.1 10000

DNCC January 9, 2015 11.11 1000

DNCC January 8, 2015 11.9 1000

DNCC January 7, 2015 11.5 3500

DNCC January 6, 2015 12 1000

DNCC January 2, 2015 12.5 2000

2014

2014

DNCC December 31, 2014 12.6 61000 10.28DNCC December 30, 2014 12.8 48000

DNCC December 29, 2014 12.6 1000

DNCC December 26, 2014 12.53 11000

DNCC December 24, 2014 11.83 11000

DNCC December 23, 2014 11.25 63000

DNCC December 19, 2014 10.3 1000

DNCC December 18, 2014 10.2 2500

DNCC December 16, 2014 10 2500

DNCC December 15, 2014 10.58 6000

DNCC December 12, 2014 10.6 7500

DNCC December 11, 2014 10.7 2000

DNCC December 10, 2014 10.6 500

DNCC December 9, 2014 10.18 9000

DNCC December 8, 2014 10.06 1000

DNCC December 5, 2014 10.4 7500

DNCC December 4, 2014 10.7 500

DNCC December 3, 2014 10.25 18500

DNCC December 2, 2014 10.7 10000

DNCC December 1, 2014 10.65 1500

DNCC November 28, 2014 10.69 21500

DNCC November 26, 2014 10.5 1000

DNCC November 25, 2014 10.1 1000

Page 27: Dandot Cement

2014

DNCC November 24, 2014 10 2500

DNCC November 21, 2014 10.5 2500

DNCC November 20, 2014 10.45 15000

DNCC November 19, 2014 10 1500

DNCC November 13, 2014 10.4 11000

DNCC November 11, 2014 10.49 10000

DNCC November 10, 2014 10.04 60000

DNCC November 7, 2014 10 5500

DNCC November 6, 2014 10 4000

DNCC November 5, 2014 9.55 7500

DNCC October 31, 2014 9 3000

DNCC October 29, 2014 9.16 3000

DNCC October 28, 2014 9.9 3500

DNCC October 24, 2014 10.1 500

DNCC October 23, 2014 10.15 5000

DNCC October 22, 2014 9.6 1500

DNCC October 21, 2014 9.51 9000

DNCC October 17, 2014 9.9 3500

DNCC October 16, 2014 9.5 3000

DNCC October 14, 2014 10 7500

DNCC October 10, 2014 9.63 2000

DNCC October 9, 2014 9.75 500

DNCC October 1, 2014 9.21 500

DNCC September 30, 2014 9.21 1000500

DNCC September 29, 2014 9.5 1000

DNCC September 23, 2014 9.5 5500

DNCC September 19, 2014 9.55 1000

DNCC September 16, 2014 9.5 1000

DNCC September 12, 2014 9.5 1500

DNCC September 10, 2014 9.25 3000

DNCC September 9, 2014 9.25 1000

DNCC September 8, 2014 9 500

DNCC September 4, 2014 9.4 500

DNCC September 2, 2014 8.99 500

DNCC August 29, 2014 8.14 1000

DNCC August 28, 2014 8.88 1000

DNCC August 25, 2014 8.05 1000

DNCC August 22, 2014 8.06 500

DNCC August 21, 2014 8.06 0

DNCC August 20, 2014 8.03 1000

DNCC August 18, 2014 8.25 1000

DNCC August 15, 2014 8.61 1500

DNCC August 12, 2014 8.55 1000

DNCC August 11, 2014 8.55 1000

DNCC August 8, 2014 9.4 1500

DNCC August 6, 2014 9.2 1000

Page 28: Dandot Cement

2014

DNCC August 5, 2014 9.5 1000

DNCC August 4, 2014 9.5 1000

DNCC July 23, 2014 9.5 3000

DNCC July 22, 2014 9.7 1000

DNCC July 21, 2014 9.7 13000

DNCC July 18, 2014 10.69 500

DNCC July 17, 2014 10 7000

DNCC July 15, 2014 9.7 500

DNCC July 14, 2014 9.5 1000

DNCC July 11, 2014 9.5 500

DNCC July 7, 2014 9.75 1000

DNCC July 2, 2014 9.75 2500

DNCC July 1, 2014 9.95 2000

DNCC June 27, 2014 9.75 14000

DNCC June 25, 2014 9.7 73000

DNCC June 24, 2014 9.85 226500

DNCC June 23, 2014 9 5500

DNCC June 20, 2014 9.1 1500

DNCC June 19, 2014 9.3 3500

DNCC June 18, 2014 9.25 3500

DNCC June 17, 2014 9 8500

DNCC June 12, 2014 9.66 9500

DNCC June 11, 2014 10.01 16000

DNCC June 10, 2014 9.69 2000

DNCC June 9, 2014 9.3 9500

DNCC June 6, 2014 9.7 1000

DNCC June 5, 2014 9.7 500

DNCC June 4, 2014 9.61 1000

DNCC June 3, 2014 9.61 2000

DNCC June 2, 2014 10.6 3000

DNCC May 30, 2014 9.62 1000

DNCC May 29, 2014 9.62 2500

DNCC May 28, 2014 9.86 1000

DNCC May 27, 2014 9.86 3000

DNCC May 26, 2014 10.19 3500

DNCC May 23, 2014 9.85 2000

DNCC May 21, 2014 9.5 9000

DNCC May 20, 2014 9.46 500

DNCC May 19, 2014 9.01 1000

DNCC May 16, 2014 9.01 6000

DNCC May 15, 2014 9.25 27500

DNCC May 14, 2014 9.84 4000

DNCC May 13, 2014 9.95 3500

DNCC May 12, 2014 10.16 11000

DNCC May 9, 2014 10.78 2500

DNCC May 8, 2014 10.81 2000

Page 29: Dandot Cement

2014

DNCC May 7, 2014 10.81 12500

DNCC May 6, 2014 10.5 3000

DNCC May 5, 2014 10.45 6000

DNCC May 2, 2014 10.35 1500

DNCC April 30, 2014 10.39 1000

DNCC April 29, 2014 10.39 15000

DNCC April 28, 2014 10.3 9000

DNCC April 25, 2014 9.79 15500

DNCC April 23, 2014 9.89 13000

DNCC April 22, 2014 9.75 1000

DNCC April 21, 2014 9.75 2000

DNCC April 18, 2014 10.08 15500

DNCC April 17, 2014 10.3 3500

DNCC April 16, 2014 10.84 14500

DNCC April 15, 2014 10.06 9500

DNCC April 14, 2014 10.45 7500

DNCC April 11, 2014 10.3 15000

DNCC April 10, 2014 11.05 32500

DNCC April 9, 2014 11.29 14000

DNCC April 8, 2014 11.71 1000

DNCC April 7, 2014 12 3000

DNCC April 4, 2014 11.52 14000

DNCC April 3, 2014 12 2000

DNCC April 2, 2014 12 6000

DNCC April 1, 2014 11.8 6500

DNCC March 31, 2014 12.45 3000

DNCC March 28, 2014 12.12 219500

DNCC March 27, 2014 11.2 18000

DNCC March 26, 2014 10.2 2000

DNCC March 25, 2014 9.2 500

DNCC March 24, 2014 9.5 500

DNCC March 20, 2014 9.6 2500

DNCC March 19, 2014 9.99 500

DNCC March 18, 2014 10 2500

DNCC March 17, 2014 10.05 3500

DNCC March 14, 2014 10 6000

DNCC March 13, 2014 10.05 3000

DNCC March 12, 2014 10.35 3000

DNCC March 11, 2014 10.5 5500

DNCC March 10, 2014 10.45 2000

DNCC March 7, 2014 10.5 19000

DNCC March 6, 2014 10.5 1000

DNCC March 5, 2014 10.35 7000

DNCC March 4, 2014 10.4 5500

DNCC March 3, 2014 10.5 5500

DNCC February 28, 2014 10.01 5000

Page 30: Dandot Cement

2014

DNCC February 27, 2014 10 1500

DNCC February 26, 2014 10.25 1500

DNCC February 25, 2014 10.37 20500

DNCC February 21, 2014 11 5000

DNCC February 20, 2014 11.1 14000

DNCC February 19, 2014 10.11 7000

DNCC February 18, 2014 10 31500

DNCC February 17, 2014 10.66 7500

DNCC February 14, 2014 11.66 1500

DNCC February 12, 2014 11.66 17000

DNCC February 11, 2014 11.43 30000

DNCC February 10, 2014 12.43 3500

DNCC February 7, 2014 13.43 2500

DNCC February 6, 2014 13.95 1000

DNCC February 4, 2014 13.95 6500

DNCC February 3, 2014 14.35 11500

DNCC January 31, 2014 15.18 44500

DNCC January 30, 2014 14.6 25000

DNCC January 29, 2014 14.8 35500

DNCC January 28, 2014 14.94 31500

DNCC January 27, 2014 13.94 100000

DNCC January 24, 2014 12.96 17000

DNCC January 23, 2014 11.96 82500

DNCC January 22, 2014 10.96 33500

DNCC January 21, 2014 10 8500

DNCC January 20, 2014 9 27000

DNCC January 17, 2014 8.71 1000

DNCC January 16, 2014 9.23 1000

DNCC January 15, 2014 9.23 1000

DNCC January 13, 2014 10.01 12000

DNCC January 10, 2014 10.79 5500

DNCC January 8, 2014 10 10000

DNCC January 7, 2014 10.29 47500

DNCC January 6, 2014 9.45 1000

DNCC January 3, 2014 9 1500

DNCC January 1, 2014 9.2 1000

2013

2013

DNCC December 31, 2013 9.43 16500 6DNCC December 30, 2013 8.76 2500

DNCC December 27, 2013 9.37 35000

DNCC December 26, 2013 8.5 2500

DNCC December 23, 2013 8.99 6500

DNCC December 20, 2013 8.64 33000

DNCC December 19, 2013 8.7 2000

DNCC December 18, 2013 9 3000

DNCC December 17, 2013 9 15000

DNCC December 16, 2013 9.25 2500

Page 31: Dandot Cement

2013

DNCC December 13, 2013 9.03 257000

DNCC December 12, 2013 8.03 42000

DNCC December 11, 2013 7.03 56500

DNCC December 10, 2013 6.03 15500

DNCC December 6, 2013 6.95 500

DNCC December 3, 2013 6.5 2500

DNCC November 27, 2013 6 6000

DNCC November 26, 2013 6 20500

DNCC November 25, 2013 6 7000

DNCC November 21, 2013 5.5 5500

DNCC November 20, 2013 5.55 1000

DNCC November 19, 2013 5.85 21000

DNCC November 12, 2013 6 2000

DNCC November 6, 2013 5.47 8000

DNCC November 4, 2013 5.47 9000

DNCC November 1, 2013 4.65 500

DNCC October 30, 2013 5 5000

DNCC October 29, 2013 5 2000

DNCC October 25, 2013 5.51 3500

DNCC October 23, 2013 5.78 10500

DNCC October 22, 2013 6.5 500

DNCC October 14, 2013 6.18 2000

DNCC October 10, 2013 6.18 4000

DNCC October 9, 2013 6 2000

DNCC October 8, 2013 5.7 10000

DNCC October 3, 2013 6.6 2000

DNCC October 2, 2013 6.6 5500

DNCC October 1, 2013 7.59 17000

DNCC September 27, 2013 6.59 61000

DNCC September 26, 2013 5.65 4000

DNCC September 23, 2013 6.3 3000

DNCC September 19, 2013 6.4 500

DNCC September 17, 2013 6.49 500

DNCC September 16, 2013 6.24 3500

DNCC September 13, 2013 6.3 3000

DNCC September 11, 2013 6.05 10000

DNCC September 10, 2013 6.6 5000

DNCC September 9, 2013 6.4 500

DNCC September 6, 2013 6.24 14000

DNCC September 5, 2013 6 50500

DNCC September 4, 2013 5 2000

DNCC September 2, 2013 5.5 5500

DNCC August 30, 2013 5.98 11000

DNCC August 29, 2013 5.99 1500

DNCC August 28, 2013 5.55 2500

DNCC August 23, 2013 5.99 38500

Page 32: Dandot Cement

2013

DNCC August 22, 2013 5.75 7000

DNCC August 21, 2013 5.8 13500

DNCC August 20, 2013 5.9 4500

DNCC August 16, 2013 5.9 4000

DNCC August 15, 2013 5.95 2000

DNCC August 12, 2013 6.1 1000

DNCC August 7, 2013 5.9 5000

DNCC August 6, 2013 5.9 10500

DNCC August 5, 2013 6 17000

DNCC August 1, 2013 6.01 49000

DNCC July 31, 2013 6 18500

DNCC July 30, 2013 6.29 6500

DNCC July 29, 2013 6.04 72500

DNCC July 26, 2013 6.5 2500

DNCC July 25, 2013 6.1 17500

DNCC July 24, 2013 6.25 268000

DNCC July 23, 2013 5.9 16000

DNCC July 22, 2013 6 85000

DNCC July 19, 2013 5.8 2500

DNCC July 17, 2013 5.3 500

DNCC July 16, 2013 5.4 500

DNCC July 12, 2013 5.8 38000

DNCC July 11, 2013 5.9 1000

DNCC July 10, 2013 5.9 4500

DNCC July 4, 2013 6 37500

DNCC July 3, 2013 6.15 170000

DNCC July 2, 2013 5.45 500

DNCC June 28, 2013 5.5 1500

DNCC June 26, 2013 5.45 500

DNCC June 25, 2013 5.45 1000

DNCC June 24, 2013 5.2 1000

DNCC June 21, 2013 5.4 1000

DNCC June 20, 2013 5.4 14500

DNCC June 19, 2013 5.62 30500

DNCC June 18, 2013 5.53 32000

DNCC June 17, 2013 5.89 55000

DNCC June 14, 2013 5.73 48000

DNCC June 13, 2013 5.49 74500

DNCC June 12, 2013 5 8000

DNCC June 11, 2013 5.4 4500

DNCC June 10, 2013 5.3 3000

DNCC June 7, 2013 5.68 2000

DNCC June 6, 2013 5.3 20500

DNCC June 5, 2013 5.3 20500

DNCC June 4, 2013 5.71 109000

DNCC June 3, 2013 5 9000

Page 33: Dandot Cement

2013

DNCC May 31, 2013 5.25 17500

DNCC May 30, 2013 5.2 6000

DNCC May 29, 2013 5.11 11000

DNCC May 28, 2013 5.4 22000

DNCC May 27, 2013 5.25 14000

DNCC May 24, 2013 5.69 5500

DNCC May 23, 2013 5.64 8500

DNCC May 22, 2013 5.69 73500

DNCC May 21, 2013 5.3 21000

DNCC May 20, 2013 5.45 90000

DNCC May 17, 2013 5.18 91000

DNCC May 14, 2013 5 4000

DNCC May 10, 2013 4.5 5000

DNCC May 8, 2013 4.3 1500

DNCC May 7, 2013 4.5 500

DNCC May 6, 2013 4.9 500

DNCC May 3, 2013 5 500

DNCC May 2, 2013 4.41 500

DNCC April 30, 2013 4.51 1000

DNCC April 25, 2013 4.99 15000

DNCC April 24, 2013 4.6 5500

DNCC April 23, 2013 4.7 7000

DNCC April 22, 2013 4.67 2000

DNCC April 19, 2013 4.39 500

DNCC April 17, 2013 4.42 3000

DNCC April 15, 2013 4.9 85000

DNCC April 10, 2013 5.15 1000

DNCC April 9, 2013 4.63 16500

DNCC April 5, 2013 5.25 6000

DNCC April 3, 2013 5 12500

DNCC April 2, 2013 5.05 33500

DNCC April 1, 2013 5.38 500

DNCC March 27, 2013 5 4000

DNCC March 26, 2013 5.05 3000

DNCC March 25, 2013 5 10500

DNCC March 21, 2013 5 18000

DNCC March 20, 2013 5.42 1000

DNCC March 19, 2013 5 15000

DNCC March 18, 2013 5.03 105000

DNCC March 15, 2013 5.5 500

DNCC March 14, 2013 5.5 34000

DNCC March 13, 2013 5.3 4000

DNCC March 12, 2013 5.4 2000

DNCC March 11, 2013 5.5 32000

DNCC March 7, 2013 5.52 10000

DNCC March 6, 2013 5.76 6500

Page 34: Dandot Cement

2013

DNCC March 5, 2013 5.8 9000

DNCC March 4, 2013 5.4 9500

DNCC March 1, 2013 5.9 3500

DNCC February 28, 2013 6 8500

DNCC February 27, 2013 5.5 22500

DNCC February 26, 2013 5.6 34500

DNCC February 25, 2013 5.85 9000

DNCC February 22, 2013 6.24 4500

DNCC February 21, 2013 6.01 13000

DNCC February 20, 2013 6.25 19500

DNCC February 19, 2013 6.16 13000

DNCC February 18, 2013 6.45 2000

DNCC February 15, 2013 6.5 145000

DNCC February 14, 2013 6.13 6500

DNCC February 13, 2013 6.1 13000

DNCC February 11, 2013 6.79 500

DNCC February 8, 2013 6.3 12000

DNCC February 7, 2013 6.3 10000

DNCC February 6, 2013 6.5 23500

DNCC February 4, 2013 6.5 8500

DNCC February 1, 2013 6.99 500

DNCC January 31, 2013 6.7 11500

DNCC January 30, 2013 6.82 29500

DNCC January 29, 2013 6.7 8500

DNCC January 28, 2013 6.7 25000

DNCC January 24, 2013 6.6 20500

DNCC January 23, 2013 6.5 24000

DNCC January 22, 2013 6.46 4000

DNCC January 21, 2013 6.4 20000

DNCC January 18, 2013 6.54 31500

DNCC January 17, 2013 6.4 7000

DNCC January 16, 2013 5.99 8500

DNCC January 15, 2013 5.75 43000

DNCC January 14, 2013 6.75 30000

DNCC January 11, 2013 7.12 4500

DNCC January 10, 2013 7.22 15500

DNCC January 9, 2013 7.29 11000

DNCC January 8, 2013 7.24 26000

DNCC January 7, 2013 7.38 102000

DNCC January 4, 2013 7.65 124000

DNCC January 3, 2013 6.65 37000

DNCC January 2, 2013 6.28 115000

DNCC January 1, 2013 7.15 301500

2012

2012

DNCC December 31, 2012 6.42 192500 3.32DNCC December 28, 2012 7.42 609500

DNCC December 27, 2012 7.25 360000

Page 35: Dandot Cement

2012

DNCC December 26, 2012 6.25 225500

DNCC December 24, 2012 5.25 146500

DNCC December 20, 2012 4.25 15500

DNCC December 19, 2012 4.25 15000

DNCC December 18, 2012 4.14 18500

DNCC December 17, 2012 4.05 5000

DNCC December 14, 2012 4.49 10500

DNCC December 12, 2012 4.19 7000

DNCC December 7, 2012 4.26 1000

DNCC December 6, 2012 4.65 24500

DNCC December 5, 2012 4.53 6000

DNCC December 3, 2012 4.71 6000

DNCC November 30, 2012 5 2000

DNCC November 29, 2012 5 41000

DNCC November 28, 2012 5.32 338500

DNCC November 27, 2012 4.83 38500

DNCC November 26, 2012 4.59 61500

DNCC November 23, 2012 5.01 34500

DNCC November 22, 2012 4.96 24000

DNCC November 21, 2012 4.8 30500

DNCC November 20, 2012 5.01 87000

DNCC November 19, 2012 4.72 83500

DNCC November 16, 2012 4.38 25500

DNCC November 15, 2012 4.18 333000

DNCC November 14, 2012 3.8 1500

DNCC November 13, 2012 3.94 1500

DNCC November 12, 2012 3.7 2000

DNCC November 6, 2012 4.25 6500

DNCC November 2, 2012 4.45 3500

DNCC November 1, 2012 4.54 10000

DNCC October 31, 2012 4.5 3000

DNCC October 25, 2012 4.61 6000

DNCC October 24, 2012 4.81 158500

DNCC October 22, 2012 4.43 2000

DNCC October 19, 2012 4.59 48500

DNCC October 18, 2012 3.95 3000

DNCC October 16, 2012 4 22000

DNCC October 15, 2012 4 5000

DNCC October 10, 2012 4 5500

DNCC October 9, 2012 4.06 12000

DNCC October 8, 2012 3.78 10000

DNCC October 5, 2012 4.15 9000

DNCC October 4, 2012 4 1000

DNCC October 3, 2012 4 1500

DNCC October 2, 2012 3.98 5000

DNCC October 1, 2012 3.81 28500

Page 36: Dandot Cement

2012

DNCC September 28, 2012 4 10500

DNCC September 27, 2012 4.08 15500

DNCC September 26, 2012 4.15 38500

DNCC September 25, 2012 4 17500

DNCC September 24, 2012 4.18 204000

DNCC September 20, 2012 4.99 243500

DNCC September 19, 2012 3.99 501500

DNCC September 18, 2012 2.99 5500

DNCC September 17, 2012 2.99 500

DNCC September 13, 2012 2.9 5000

DNCC September 10, 2012 2.9 18000

DNCC September 7, 2012 2.9 3500

DNCC September 4, 2012 2.89 21000

DNCC September 3, 2012 2.94 5000

DNCC August 31, 2012 3 18500

DNCC August 29, 2012 2.84 3000

DNCC August 28, 2012 2.86 6000

DNCC August 27, 2012 3 5500

DNCC August 24, 2012 2.85 67000

DNCC August 23, 2012 2.61 4500

DNCC August 15, 2012 2.5 3500

DNCC August 7, 2012 2.55 1500

DNCC August 6, 2012 2.56 1500

DNCC August 3, 2012 2.5 1000

DNCC August 2, 2012 2.48 4000

DNCC August 1, 2012 2.5 15000

DNCC July 31, 2012 2.5 2000

DNCC July 30, 2012 2.31 9500

DNCC July 26, 2012 2.3 5000

DNCC July 23, 2012 2.4 500

DNCC July 20, 2012 2.56 8697

DNCC July 19, 2012 2.83 10112

DNCC July 18, 2012 2.7 31738

DNCC July 17, 2012 2.54 829

DNCC July 16, 2012 2.5 917

DNCC July 13, 2012 2.56 5436

DNCC July 12, 2012 2.56 665

DNCC July 11, 2012 2.54 2709

DNCC July 10, 2012 2.58 500

DNCC July 6, 2012 2.58 6110

DNCC July 5, 2012 2.59 1010

DNCC July 4, 2012 2.35 4101

DNCC July 3, 2012 2.59 611

DNCC July 2, 2012 2.36 65002

DNCC June 29, 2012 2.45 23991

DNCC June 28, 2012 2.11 284853

Page 37: Dandot Cement

2012

DNCC June 26, 2012 2.99 2

DNCC June 22, 2012 2.99 4000

DNCC June 21, 2012 2.75 6

DNCC June 20, 2012 2.75 5

DNCC June 19, 2012 2.75 1003

DNCC June 18, 2012 3 58

DNCC June 15, 2012 3 54

DNCC June 14, 2012 3 64

DNCC June 13, 2012 3 50

DNCC June 12, 2012 3 50

DNCC June 11, 2012 3 52

DNCC June 8, 2012 3 4

DNCC June 7, 2012 3 10

DNCC June 6, 2012 3 1

DNCC June 5, 2012 3 6010

DNCC June 4, 2012 3.6 1

DNCC June 1, 2012 3.6 2000

DNCC May 30, 2012 3.02 2002

DNCC May 29, 2012 3.98 2004

DNCC May 28, 2012 3.03 6

DNCC May 25, 2012 3.03 8

DNCC May 24, 2012 3.03 3680

DNCC May 23, 2012 3.5 13

DNCC May 22, 2012 3.5 21094

DNCC May 21, 2012 3.18 3

DNCC May 18, 2012 3.18 12

DNCC May 17, 2012 3.18 3570

DNCC May 16, 2012 2.93 11004

DNCC May 15, 2012 3 3507

DNCC May 14, 2012 2.91 8

DNCC May 11, 2012 2.91 4635

DNCC May 10, 2012 3.9 4505

DNCC May 9, 2012 2.96 1116

DNCC May 8, 2012 3.25 5

DNCC May 7, 2012 3.25 2001

DNCC May 4, 2012 3.4 9041

DNCC May 3, 2012 3.6 1421

DNCC May 2, 2012 3.85 5414

DNCC April 30, 2012 3.9 1500

DNCC April 25, 2012 4 6410

DNCC April 23, 2012 4.21 9130

DNCC April 20, 2012 3.9 42516

DNCC April 19, 2012 4.05 3503

DNCC April 18, 2012 4.1 10916

DNCC April 16, 2012 4.66 5357

DNCC April 13, 2012 4.31 96100

Page 38: Dandot Cement

2012

DNCC April 12, 2012 4.93 182127

DNCC April 11, 2012 4.5 187001

DNCC April 10, 2012 3.5 15655

DNCC April 9, 2012 3.37 17708

DNCC April 6, 2012 3.8 7002

DNCC April 5, 2012 3.31 42992

DNCC April 4, 2012 3 1001

DNCC April 3, 2012 3 2051

DNCC April 2, 2012 3 6556

DNCC March 30, 2012 3.1 20686

DNCC March 29, 2012 3 29981

DNCC March 28, 2012 2.7 25240

DNCC March 27, 2012 2.55 19989

DNCC March 26, 2012 2.79 7214

DNCC March 22, 2012 2.79 5401

DNCC March 21, 2012 2.61 5308

DNCC March 20, 2012 2.72 25541

DNCC March 19, 2012 2.3 15105

DNCC March 16, 2012 2.5 23002

DNCC March 15, 2012 2.27 28701

DNCC March 14, 2012 2.19 402

DNCC March 13, 2012 2.19 2500

DNCC March 12, 2012 2.05 2500

DNCC March 9, 2012 2.3 55101

DNCC March 8, 2012 2.27 48999

DNCC March 7, 2012 1.61 2000

DNCC March 5, 2012 1.99 15501

DNCC February 29, 2012 1.26 2000

DNCC February 27, 2012 1.95 375

DNCC February 24, 2012 1.95 500

DNCC February 20, 2012 1.53 1

DNCC February 9, 2012 1.53 2

DNCC February 7, 2012 1.53 14

DNCC February 6, 2012 1.53 87

DNCC January 31, 2012 1.53 498

DNCC January 26, 2012 1.53 2

DNCC January 25, 2012 1.53 1104

DNCC January 24, 2012 1.49 2

DNCC January 23, 2012 1.49 4000

DNCC January 20, 2012 1.5 1

DNCC January 12, 2012 1.5 8

DNCC January 9, 2012 1.5 6

DNCC January 6, 2012 1.5 3293

2011

2011

DNCC December 19, 2011 1.16 2002 1.68DNCC December 16, 2011 1.78 1

DNCC December 13, 2011 1.78 51532

Page 39: Dandot Cement

2011

DNCC November 30, 2011 1.15 11

DNCC November 17, 2011 1.15 1

DNCC November 14, 2011 1.15 2599

DNCC November 11, 2011 1.2 198

DNCC October 28, 2011 0.85 1000

DNCC October 27, 2011 1.35 3200

DNCC October 26, 2011 1.3 1500

DNCC October 25, 2011 1.14 1

DNCC October 21, 2011 1.14 1

DNCC October 20, 2011 1.14 66

DNCC October 7, 2011 1.14 5000

DNCC October 5, 2011 1.5 1000

DNCC September 30, 2011 1.03 5310

DNCC September 26, 2011 1.4 10

DNCC September 22, 2011 1.4 200

DNCC September 21, 2011 1.4 397

DNCC September 7, 2011 1.4 215

DNCC August 10, 2011 1.4 18

DNCC August 8, 2011 1.4 11

DNCC August 4, 2011 1.4 2

DNCC August 3, 2011 1.4 2

DNCC July 27, 2011 1.4 2525

DNCC July 26, 2011 1.22 158

DNCC July 22, 2011 1.22 11

DNCC July 20, 2011 1.22 1

DNCC July 18, 2011 1.22 2

DNCC July 15, 2011 1.22 4

DNCC July 13, 2011 1.22 2000

DNCC July 8, 2011 1.32 1

DNCC July 7, 2011 1.32 1

DNCC July 6, 2011 1.32 3

DNCC July 5, 2011 1.32 3

DNCC July 4, 2011 1.32 1

DNCC July 1, 2011 1.32 10

DNCC June 30, 2011 1.32 20301

DNCC June 23, 2011 1.45 1600

DNCC June 22, 2011 1.37 1000

DNCC June 20, 2011 1.98 2

DNCC June 17, 2011 1.98 22

DNCC June 16, 2011 1.98 320

DNCC June 15, 2011 1.98 8

DNCC June 13, 2011 1.98 2649

DNCC June 7, 2011 2.14 1800

DNCC June 6, 2011 1.4 448

DNCC June 3, 2011 1.4 54

DNCC June 2, 2011 1.4 1000

Page 40: Dandot Cement

2011

DNCC June 1, 2011 1.75 2

DNCC May 31, 2011 1.75 502

DNCC May 30, 2011 1.6 55000

DNCC May 24, 2011 1.56 15

DNCC May 18, 2011 1.56 4

DNCC May 2, 2011 1.56 1525

DNCC April 22, 2011 2.49 50

DNCC April 19, 2011 2.49 17

DNCC April 18, 2011 2.49 4574

DNCC April 6, 2011 1.7 5300

DNCC April 4, 2011 1.66 100

DNCC March 29, 2011 1.66 3169

DNCC March 18, 2011 1.3 2200

DNCC March 16, 2011 1.5 1200

DNCC March 15, 2011 1.5 500

DNCC March 14, 2011 1.75 301

DNCC March 10, 2011 1.75 1

DNCC March 1, 2011 1.75 25

DNCC February 28, 2011 1.75 1125

DNCC February 24, 2011 1.5 500

DNCC February 21, 2011 2 24

DNCC February 17, 2011 2 25

DNCC February 14, 2011 2 8981

DNCC February 11, 2011 2 500

DNCC February 8, 2011 2 201

DNCC February 7, 2011 2 10002

DNCC February 4, 2011 2.06 2

DNCC February 3, 2011 2.03 2

DNCC February 2, 2011 1.96 5005

DNCC February 1, 2011 1.95 500

DNCC January 31, 2011 1.91 581

DNCC January 28, 2011 1.66 102

DNCC January 27, 2011 1.85 112

DNCC January 26, 2011 1.85 1

DNCC January 25, 2011 2.01 11397

DNCC January 24, 2011 1.97 7747

DNCC January 21, 2011 2.2 10000

DNCC January 17, 2011 2.17 198

DNCC January 14, 2011 2.49 5005

DNCC January 13, 2011 2.26 4500

DNCC January 11, 2011 2.27 328

DNCC January 10, 2011 2.98 282

DNCC January 7, 2011 3.39 2

DNCC January 6, 2011 2.51 3000

DNCC January 4, 2011 2.5 15483

DNCC January 3, 2011 2.12 1300

Page 41: Dandot Cement

2010

2010

DNCC December 30, 2010 2.45 2000 2.81DNCC December 29, 2010 2.31 2

DNCC December 28, 2010 2.25 1000

DNCC December 27, 2010 2.85 2

DNCC December 24, 2010 2.87 3

DNCC December 23, 2010 3 1

DNCC December 22, 2010 2.5 977

DNCC December 21, 2010 2 1950

DNCC December 13, 2010 2.5 20000

DNCC December 8, 2010 2.48 2000

DNCC December 2, 2010 2.5 1

DNCC December 1, 2010 2.5 10

DNCC November 24, 2010 3 1000

DNCC November 23, 2010 2.75 1215

DNCC November 16, 2010 2.91 3448

DNCC November 15, 2010 2.69 5001

DNCC November 12, 2010 2.4 19610

DNCC November 10, 2010 1.83 1912

DNCC November 8, 2010 2.44 901

DNCC November 5, 2010 2.29 1

DNCC November 3, 2010 2.29 1

DNCC November 2, 2010 2.29 20035

DNCC November 1, 2010 2.85 2

DNCC October 29, 2010 2.52 173975

DNCC October 28, 2010 1.76 34

DNCC October 27, 2010 2 2097

DNCC October 26, 2010 1.7 8901

DNCC October 25, 2010 2 100

DNCC October 22, 2010 2 4000

DNCC October 21, 2010 2 501942

DNCC October 20, 2010 1.75 2

DNCC October 19, 2010 2 5643

DNCC October 18, 2010 1.7 500

DNCC October 14, 2010 1.88 12854

DNCC October 13, 2010 1.7 174

DNCC October 12, 2010 2 3569

DNCC October 11, 2010 2 17959

DNCC October 8, 2010 1.8 431

DNCC October 4, 2010 1.8 1

DNCC September 30, 2010 2.22 1001

DNCC September 27, 2010 2.19 1990

DNCC September 24, 2010 2.49 1

DNCC September 23, 2010 1.93 52

DNCC September 22, 2010 1.65 1040

DNCC September 21, 2010 1.65 397

DNCC September 20, 2010 2.15 11

Page 42: Dandot Cement

2010

DNCC September 17, 2010 1.69 1717

DNCC September 15, 2010 1.85 1001

DNCC September 7, 2010 1.46 21

DNCC September 6, 2010 1.64 531

DNCC September 1, 2010 1.77 9025

DNCC August 31, 2010 1.7 3415

DNCC August 30, 2010 1.84 2624

DNCC August 26, 2010 2.13 2

DNCC August 25, 2010 1.85 59

DNCC August 23, 2010 2 7

DNCC August 20, 2010 1.8 5

DNCC August 19, 2010 1.88 4

DNCC August 18, 2010 1.75 3001

DNCC August 12, 2010 1.79 250

DNCC August 10, 2010 2.4 301

DNCC August 9, 2010 2.72 925

DNCC August 6, 2010 2.42 400

DNCC August 5, 2010 2.67 5493

DNCC August 2, 2010 3.66 22

DNCC July 22, 2010 3 1

DNCC July 20, 2010 2.5 500

DNCC July 19, 2010 2.3 902

DNCC July 16, 2010 2.5 500

DNCC July 12, 2010 2.5 310

DNCC July 9, 2010 2.78 4

DNCC July 8, 2010 2.9 1

DNCC July 7, 2010 2.79 1

DNCC July 5, 2010 2.07 305

DNCC July 2, 2010 2.57 600

DNCC July 1, 2010 2.77 200

DNCC June 30, 2010 2.46 35042

DNCC June 29, 2010 2.89 13060

DNCC June 28, 2010 2.5 2

DNCC June 25, 2010 2.5 606

DNCC June 24, 2010 2.25 1378

DNCC June 21, 2010 2.5 17223

DNCC June 17, 2010 2.85 5

DNCC June 14, 2010 2 1300

DNCC June 10, 2010 1.9 299

DNCC June 9, 2010 1.81 1000

DNCC June 8, 2010 1.8 5

DNCC June 3, 2010 2.05 1002

DNCC June 2, 2010 2.01 112

DNCC June 1, 2010 1.55 1005

DNCC May 28, 2010 1.65 5

DNCC May 27, 2010 1.76 716

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2010

DNCC May 26, 2010 2.5 1

DNCC May 25, 2010 3.4 12

DNCC May 24, 2010 3.2 6

DNCC May 21, 2010 2.37 6

DNCC May 20, 2010 2.8 10

DNCC May 19, 2010 3.34 10

DNCC May 17, 2010 2.7 5

DNCC May 14, 2010 3.42 110

DNCC May 13, 2010 3.2 1070

DNCC May 12, 2010 3.1 30

DNCC May 11, 2010 3.25 30

DNCC May 10, 2010 3 10

DNCC May 7, 2010 3 1020

DNCC May 6, 2010 3.15 20

DNCC May 5, 2010 2.64 618

DNCC May 4, 2010 2.65 2

DNCC May 3, 2010 2.8 3193

DNCC April 30, 2010 2.65 386

DNCC April 26, 2010 3 5

DNCC April 23, 2010 3.21 630

DNCC April 22, 2010 3.31 12100

DNCC April 21, 2010 3.3 18668

DNCC April 20, 2010 3.85 1

DNCC April 16, 2010 3.85 500

DNCC April 15, 2010 3.9 34

DNCC April 13, 2010 3.4 1000

DNCC April 12, 2010 2.5 64996

DNCC April 2, 2010 3.11 1050

DNCC March 29, 2010 3.5 490

DNCC March 26, 2010 3.98 1

DNCC March 24, 2010 2.93 1000

DNCC March 22, 2010 3.06 240

DNCC March 15, 2010 3.69 21100

DNCC March 11, 2010 3.62 1836

DNCC March 10, 2010 4.5 3

DNCC March 9, 2010 4.25 3

DNCC March 8, 2010 3.62 200

DNCC March 5, 2010 3.7 300

DNCC March 4, 2010 3.83 2

DNCC February 22, 2010 3.8 110

DNCC February 17, 2010 4.5 3

DNCC February 15, 2010 4.5 6001

DNCC February 11, 2010 4.2 3600

DNCC February 9, 2010 4.69 7452

DNCC February 8, 2010 4.8 1601

DNCC February 4, 2010 4.8 7397

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2010

DNCC February 3, 2010 4.12 2502

DNCC February 2, 2010 4.79 399

DNCC February 1, 2010 4 397

DNCC January 29, 2010 4.75 200

DNCC January 26, 2010 4.17 700

DNCC January 25, 2010 4.2 1161

DNCC January 22, 2010 4.2 600

DNCC January 20, 2010 4 1300

DNCC January 19, 2010 4.2 1

DNCC January 15, 2010 4.25 1550

DNCC January 13, 2010 4.35 1000

DNCC January 12, 2010 4.4 451

DNCC January 8, 2010 4.8 6002

DNCC January 7, 2010 4.74 399

DNCC January 6, 2010 4.5 1000

DNCC January 5, 2010 3.8 8

2009

2009

DNCC December 29, 2009 4.55 1991 7.77DNCC December 24, 2009 4.65 847

DNCC December 23, 2009 3.36 198

DNCC December 22, 2009 4.75 4

DNCC December 18, 2009 3.75 2

DNCC December 16, 2009 4.5 539

DNCC December 15, 2009 4.5 2000

DNCC December 11, 2009 4.33 240

DNCC December 10, 2009 4.94 10

DNCC December 8, 2009 4.6 50

DNCC December 4, 2009 4.89 59

DNCC December 3, 2009 4.21 5997

DNCC December 1, 2009 4.57 301

DNCC November 25, 2009 5.08 84

DNCC November 24, 2009 4.32 60

DNCC November 23, 2009 5.08 2100

DNCC November 20, 2009 4.7 698

DNCC November 18, 2009 4.71 193

DNCC November 17, 2009 4.7 72

DNCC November 16, 2009 4.7 2078

DNCC November 10, 2009 5.49 1

DNCC November 6, 2009 5.2 10801

DNCC November 5, 2009 4.7 2301

DNCC November 4, 2009 5.25 1151

DNCC November 3, 2009 4.6 5837

DNCC November 2, 2009 4.6 2005

DNCC October 30, 2009 5.36 60

DNCC October 29, 2009 5 1089

DNCC October 28, 2009 4.75 76

DNCC October 27, 2009 4.89 4419

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2009

DNCC October 26, 2009 4.89 5853

DNCC October 23, 2009 5.25 4001

DNCC October 22, 2009 5 5964

DNCC October 21, 2009 4.92 2863

DNCC October 20, 2009 4.71 2605

DNCC October 19, 2009 5.15 6452

DNCC October 16, 2009 6.15 1

DNCC October 15, 2009 5.5 1050

DNCC October 14, 2009 5.9 2

DNCC October 13, 2009 5.93 1

DNCC October 12, 2009 5.87 1

DNCC October 9, 2009 5.28 1000

DNCC October 8, 2009 5.88 3500

DNCC October 7, 2009 5.8 1155

DNCC October 6, 2009 6 8301

DNCC October 5, 2009 6.4 12500

DNCC October 2, 2009 5.99 90

DNCC October 1, 2009 5.99 1556

DNCC September 30, 2009 5.7 1102

DNCC September 29, 2009 5.8 4497

DNCC September 28, 2009 5.6 29451

DNCC September 25, 2009 6 16511

DNCC September 24, 2009 6 5205

DNCC September 18, 2009 6 3002

DNCC September 10, 2009 6.15 500

DNCC September 9, 2009 6.11 900

DNCC September 7, 2009 5.52 100

DNCC September 2, 2009 6 5000

DNCC September 1, 2009 6.64 11200

DNCC August 31, 2009 5.95 89

DNCC August 28, 2009 5.5 398

DNCC August 27, 2009 5.6 696

DNCC August 24, 2009 6.24 500

DNCC August 21, 2009 6.1 1

DNCC August 20, 2009 5.65 10490

DNCC August 19, 2009 6.55 4002

DNCC August 18, 2009 6.5 48719

DNCC August 17, 2009 5.51 13500

DNCC August 13, 2009 6.16 1001

DNCC August 12, 2009 7 12

DNCC August 10, 2009 7.25 2351

DNCC August 7, 2009 7 4204

DNCC August 6, 2009 7 500

DNCC August 4, 2009 6.43 500

DNCC August 3, 2009 7.1 2106

DNCC July 31, 2009 6.7 6301

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2009

DNCC July 30, 2009 6.9 14200

DNCC July 29, 2009 7.55 2000

DNCC July 28, 2009 7.6 1007

DNCC July 27, 2009 7.74 3502

DNCC July 24, 2009 8 11006

DNCC July 23, 2009 8.3 47692

DNCC July 22, 2009 7.7 55469

DNCC July 21, 2009 6.7 66374

DNCC July 20, 2009 7.69 2000

DNCC July 17, 2009 7.8 9000

DNCC July 16, 2009 7.39 39500

DNCC July 15, 2009 7.5 21500

DNCC July 13, 2009 8.34 500

DNCC July 9, 2009 7.85 1500

DNCC July 8, 2009 7.5 500

DNCC July 6, 2009 8.4 500

DNCC July 3, 2009 8.05 2500

DNCC June 30, 2009 8 16000

DNCC June 29, 2009 8.25 7000

DNCC June 26, 2009 8.4 500

DNCC June 25, 2009 8.5 12000

DNCC June 23, 2009 8.25 2000

DNCC June 19, 2009 8 7500

DNCC June 18, 2009 8.1 1000

DNCC June 17, 2009 7.95 17000

DNCC June 16, 2009 9.5 500

DNCC June 15, 2009 9 4000

DNCC June 9, 2009 8.74 500

DNCC June 3, 2009 9 10000

DNCC June 2, 2009 9.5 500

DNCC June 1, 2009 9.25 14000

DNCC May 29, 2009 9.09 500

DNCC May 28, 2009 9 6000

DNCC May 27, 2009 8.5 500

DNCC May 26, 2009 9.25 7000

DNCC May 25, 2009 9 13000

DNCC May 22, 2009 9 7000

DNCC May 21, 2009 9.1 1000

DNCC May 20, 2009 9.1 1000

DNCC May 18, 2009 9.8 500

DNCC May 15, 2009 9.8 500

DNCC May 7, 2009 10.99 2500

DNCC May 5, 2009 10.2 4500

DNCC April 30, 2009 9.25 500

DNCC April 27, 2009 10.4 6500

DNCC April 24, 2009 10.88 1000

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2009

DNCC April 20, 2009 10 7000

DNCC April 17, 2009 10 7500

DNCC April 15, 2009 9.75 1500

DNCC April 14, 2009 9.9 8000

DNCC April 13, 2009 9.9 24500

DNCC April 9, 2009 8.95 1500

DNCC April 8, 2009 8.35 1000

DNCC April 7, 2009 9 1500

DNCC April 6, 2009 9 5500

DNCC April 3, 2009 9.65 2500

DNCC April 2, 2009 9.05 15500

DNCC April 1, 2009 9.49 2500

DNCC March 31, 2009 9.01 500

DNCC March 30, 2009 9.5 1000

DNCC March 27, 2009 10.8 6000

DNCC March 20, 2009 10.9 500

DNCC March 19, 2009 10 3500

DNCC March 18, 2009 10.99 9000

DNCC March 17, 2009 10.99 500

DNCC March 16, 2009 9.99 35500

DNCC March 13, 2009 9.08 4000

DNCC March 12, 2009 8.01 4000

DNCC March 5, 2009 9.01 3000

DNCC March 4, 2009 10 500

DNCC March 3, 2009 9.98 1500

DNCC March 2, 2009 7.66 4000

DNCC February 27, 2009 8.55 500

DNCC February 26, 2009 9.5 1000

DNCC February 24, 2009 10.5 3000

DNCC February 23, 2009 11.5 3000

DNCC February 20, 2009 11.5 2000

DNCC February 19, 2009 10.5 17000

DNCC February 18, 2009 9.5 500

DNCC February 17, 2009 9.53 10000

DNCC February 16, 2009 10.41 7500

DNCC February 13, 2009 11.41 500

DNCC February 11, 2009 12.41 500

DNCC February 10, 2009 13.41 500

DNCC February 2, 2009 14.41 500

DNCC January 30, 2009 15.41 16000

DNCC January 14, 2009 16.41 500

DNCC January 12, 2009 17.41 500

DNCC January 6, 2009 18.41 500

DNCC January 2, 2009 19.41 500

<============================= X ================================>

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2014 2013 2012 2011Average Price per Share

Maximum PriceMinimum Price

Standard DeviationEPS

Dividend/ShareDividend Payout

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10.80

2015 2014

Average Price per Share 10.80 10.28Maximum Price 13.13 15.18Minimum Price 9.0 8.0

Standard Deviation 1.146 1.285

Average Price for the year

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10.28

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6

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3.32

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1.68

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2.81

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7.77

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================================>

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2010 2009

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2013 2012 2011 2010 2009

6 3.32 1.68 2.81 7.779.43 7.42 3.39 4.8 19.414.3 1.3 0.85 1.46 3.36

1.0043 1.094 0.455 0.903 2.782

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History of Discount Rate

Effective date D Average31-Dec-14 9.50%

9.89%1-Nov-14 9.50% 9.89%1-Jan-14 10.00%31-Dec-13 10.00%

9.43%1-Nov-13 10.00%1-Sep-13 9.50% 9.43%1-Jun-13 9.00%1-Jan-13 9.50%31-Dec-12 9.50%

11.25%1-Oct-12 10.00%1-Aug-12 10.50% 11.25%1-Jan-12 12.00%31-Dec-11 12.00%

13.38%1-Oct-11 12.00%1-Aug-11 13.50% 13.38%1-Feb-11 14.00%1-Jan-11 14.00%

30-Nov-10 14.00%12.88%30-Sep-10 13.50% 12.88%

2-Aug-10 13.00%

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B1Dec-14 B1Dec-13Beta 2.04 2.04

Risk free rate 9.89% 9.43%Market Return 27.20% 49.43%Cost of equity 45.19% 91.02%Cost of debt -2.13% -0.44%

Tax Rate 0% 2.18%Weightages: - -

Debt 178% 163%Equity (%) -78% -63%WACC (%) -39% -58%

Equity (2,224,813,690) (1,703,336,299)Debt 5,092,604,595 4,394,165,342

Financial charges (108,678,116) (19,268,646)Cost of Debt -2.13% -0.44%

2010KSE 100 Index 9,400.00 12022.46Market Return 28%

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B1Dec-12 B1Dec-11 B1Dec-102.04 2.04 2.04

11.25% 13.38% 12.88%48.98% -5.61% 27.90%88.21% -25.36% 43.52%-0.43% -0.42% -7.20%0.00% 51.81% 0.08%

- - -146% 126% 114%-46% -26% -14%-41% 6% -14%

(1,264,581,390) (757,807,586) (418,644,693)4,024,379,702 3,667,517,786 3,449,407,786 (17,404,622) (15,444,432) (248,372,182)

-0.43% -0.42% -7.20%

2011 2012 2013 201411347.66 16905.33 25261.14 32131.28

-5.61% 48.98% 49.43% 27.20%

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CY10 CY11 CY12 CY13Dividend/share 5 6 7 7Dividend Yield 4.60% 6.00% 3.10% 1.80%Dividend Payout Ratio 41.6% 35.7% 32.8% 27.1%EPS 12.02 16.8 21.35 25.83Price Per Share 95.37 95.51 150.54 326.81

Retention Ratio 58.4% 64.3% 67.2% 72.9%Return on Invested Capital 30.2% 31.8% 31.2% 28.9%Growth Rate 17.6% 20.4% 21.0% 21.1%Average Growth Rate 19.8%

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CY14 Growth Rate7.8 9.3%

1.10%27.1%28.76 19.1%

543.62

72.9%25.9%18.9%

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Dupont Analysis

Operating efficiency

=

Year 1 2014 = -521,477,3911,068,197,617

Year 2 2013 = -448,913,590145,271,934

Year 3 2012 = -506,773,8041,103,744,233

Year 4 2011 = -339,162,893773,176,312

Year 5 2010 = -436,125,650233,285,900

Return on Equity Return on Equity (ROE)

Return on Equity Return on Equity (ROE)

Return on Equity Return on Equity (ROE)

Return on Equity Return on Equity (ROE)

Return on Equity Return on Equity (ROE)

Return on Equity Return on Equity (ROE)

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Year 6 2009 = (310,176,611)1,146,062,796

Operating Efficiency Asset use Efficiency

%

Year 1 2014 -0.4881843796512 -48.82% Year 1Year 2 2013 -3.0901604848188 -309.02% Year 2Year 3 2012 -0.4591406132402 -45.91% Year 3Year 4 2011 -0.4386617744699 -43.87% Year 4Year 5 2010 -1.8694899691752 -186.95% Year 5Year 6 2009 -0.270645388789 -27.06% Year 6

Return on Equity Return on Equity (ROE)

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Dupont Analysis

Operating efficiency Asset use efficiency

Profit Margin x x Financial Leverage

Net Income x Net Sales x Total AssetsNet Sales Total Assets Total Equity

= 0.234391x 1,068,197,617 x 2,867,790,9052,867,790,905 -2,224,813,690

= 0.26355x 145,271,934 x 2,690,829,0432,690,829,043 -1,703,336,299

= 0.400744x 1,103,744,233 x 2,759,798,3122,759,798,312 -1,264,581,390

= 0.447558x 773,176,312 x 2,909,710,2002,909,710,200 -757,807,586

= 1.041756x 233,285,900 x 3,030,763,0933,030,763,093 -418,644,693

Financial leverage

Total Asset Turnover

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= -17.7437x 1,146,062,796 x 3,090,693,1183,090,693,118 17,480,957

Asset use Efficiency

%

2014 0.372480997529351 37.25% Year 12013 0.053987797693025 5.40% Year 22012 0.399936556305858 39.99% Year 32011 0.265722789850343 26.57% Year 42010 0.0769726609575023 7.70% Year 52009 0.370810932125679 37.08% Year 6

Financial Leverage

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Dupont Analysis

In Percentage

23.44%

26.35%

40.07%

44.76%

104.18%

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-1774.37%

%

2014 -1.2890027231898 -128.90%2013 -1.5797403276028 -157.97%2012 -2.1823809316061 -218.24%2011 -3.8396424814887 -383.96%2010 -7.2394637831943 -723.95%2009 176.80342775284 17680.34%

Financial Leverage

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Ratios

Profitability Ratios

Gross Profit Margin Operating Profit Margin

Year 1 2014 -0.32604534 -33% Year 1 2014Year 2 2013 -2.57962165 -258% Year 2 2013Year 3 2012 -0.39900443 -40% Year 3 2012Year 4 2011 -0.45505718 -46% Year 4 2011Year 5 2010 -1.13060544 -113% Year 5 2010Year 6 2009 -0.07406407 -7% Year 6 2009

Sales to Fixed Assets Return on Asset

Year 1 2014 0.525290744 53% Year 1 2014Year 2 2013 0.071658764 7% Year 2 2013Year 3 2012 0.526575263 53% Year 3 2012Year 4 2011 0.355345459 36% Year 4 2011Year 5 2010 0.095929104 10% Year 5 2010Year 6 2009 0.455655719 46% Year 6 2009

Return on Total Equity Operating Income Margin

Year 1 2014 0.234391488 23% Year 1 2014Year 2 2013 0.263549594 26% Year 2 2013

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Year 3 2012 0.400744316 40% Year 3 2012Year 4 2011 0.44755806 45% Year 4 2011Year 5 2010 1.04175607 104% Year 5 2010Year 6 2009 -17.7436859 -1774% Year 6 2009

Leverage Ratios

Debt Ratio Debt-Equity Ratio

Year 1 2014 1.775793551 178% Year 1 2014Year 2 2013 1.633015428 163% Year 2 2013Year 3 2012 1.458215147 146% Year 3 2012Year 4 2011 1.260440915 126% Year 4 2011Year 5 2010 1.138131777 114% Year 5 2010Year 6 2009 0.994344001 99% Year 6 2009

Debt to Capitalization Short Term Debt

Year 1 2014 -1.60578686 -160.6% Year 1 2014Year 2 2013 -1.64571503 -164.6% Year 2 2013Year 3 2012 23.14958628 2315.0% Year 3 2012Year 4 2011 2.202543478 220.3% Year 4 2011Year 5 2010 1.399736094 140.0% Year 5 2010Year 6 2009 0.989596221 99.0% Year 6 2009

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Ratios

Operating Profit Margin Net Profit Margin

-0.48818 -48.8% Year 1 2014 -0.48818 -49%-3.09016 -309.0% Year 2 2013 -3.09016 -309%-0.45914 -45.9% Year 3 2012 -0.45914 -46%-0.43866 -43.9% Year 4 2011 -0.43866 -44%-1.86949 -186.9% Year 5 2010 -1.86949 -187%-0.27065 -27.1% Year 6 2009 -0.27065 -27%

Return on Asset Total Asset Turnover

-0.18184 -18% Year 1 2014 0.372481 37%-0.16683 -17% Year 2 2013 0.053988 5%-0.18363 -18% Year 3 2012 0.399937 40%-0.11656 -12% Year 4 2011 0.265723 27%-0.1439 -14% Year 5 2010 0.076973 8%

-0.10036 -10% Year 6 2009 0.370811 37%

Operating Income Margin Gross Porfit

-0.49301 -49% Year 1 2014 -348,280,850-3.21333 -321% Year 2 2013 -374,746,626

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-0.45914 -46% Year 3 2012 -440,398,834-0.43866 -44% Year 4 2011 -351,839,431-1.86949 -187% Year 5 2010 -263,754,308-0.27065 -27% Year 6 2009 -84,882,071

Debt-Equity Ratio Equity Multiplier

-2.289 -229% Year 1 2014 -2.289 -229%-2.57974 -258% Year 2 2013 -2.57974 -258%-3.18238 -318% Year 3 2012 -3.18238 -318%-4.83964 -484% Year 4 2011 -4.83964 -484%-8.23946 -824% Year 5 2010 -8.23946 -824%175.8034 17580% Year 6 2009 175.8034 17580%

Short Term Debt

#DIV/0! #DIV/0!#DIV/0! #DIV/0!#DIV/0! #DIV/0!#DIV/0! #DIV/0!#DIV/0! #DIV/0!#DIV/0! #DIV/0!

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1st Dupont Analysis

=Profit Margin

Net IncomeNet Sales

2nd Profitability Ratios

Gross Profit Margin =Gross Profit

Sales

Operating Profit Margin =Operating Profit

Sales

Net Profit Margin =Net Profit

Sales

Sales to Fixed Assets =Net Sales

Net Fixed Assets

Return on Asset =Net IncomeTotal Asset

Total Asset Turnover =Net Sales

Total Asset

Return on Total Equity =Net Income

SHE

Operating Income Margin =Operating Income

Net Sales

Gross Porfit = Net Sales - Cost of Goods Sold

3rd Debt Manegement / Financial Leverage Ratios

Debt Ratio =Total Debt

=

Return on Equity Return on Equity (ROE)

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Debt Ratio =Total Asset

=

Debt-Equity Ratio =Total Debt

Total Owner's Equity

Equity Multiplier =Total Debt

Total Owner's Equity

Debt to Capitalization =Long Term Debt

Long Term Debt + Shareholder Equity ( SHE )

Short Term Debt =Short Term Debt

Short Term Debt + Shareholder Equity ( SHE )

4th Liquidity Ratios

Current Ratio =

Working Capital =

Inventory Turnover =

Inventory Turnover in Days =

Inventory Turnover in Days =

Cash Flow to Total Debt Ratio =

Operating Cash Flow Ratio =

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Dupont Analysis

x x Financial Leverage

x Net Sales x Total AssetsTotal Assets Total Equity

Profitability Ratios

Gross Profit x 100

Sales

Operating Profit x 100

Sales

Net Profit x 100

Sales

Net SalesNet Fixed Assets

Net IncomeTotal Asset

Net SalesTotal Asset

Net IncomeSHE

Operating IncomeNet Sales

Net Sales - Cost of Goods Sold

Debt Manegement / Financial Leverage Ratios

Total Asset - Total Owner's Equity

Total Asset Turnover

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Total Asset

=Total Asset - Total Owner's Equity

Total Owner's Equity

Long Term DebtLong Term Debt + Shareholder Equity ( SHE )

Short Term DebtShort Term Debt + Shareholder Equity ( SHE )

Liquidity Ratios

Current AssetCurrent Liabilities

Current Assets - Current Liabilities

Cost of Goods SoldInventory

InventoryCOGS / 365

InventoryCOGS / 365

Cash Flow from OperationTotal Debt

Operating Cash FlowCurrent Liabilities