Systems Limited (PSX: SYS)

Systems Balance Sheet

Financials in millions PKR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	6,876	7,983	5,814	2,979	2,985	1,516
Short-Term Investments	1,899	717.31	177	667	2,085	780
Trading Asset Securities	-	877.42	4,254	4,200	559.85	-
Cash & Short-Term Investments	8,775	9,578	10,245	7,846	5,630	2,296
Cash Growth	9.66%	-6.52%	30.59%	39.35%	145.19%	117.30%
Accounts Receivable	23,998	20,667	11,087	4,854	3,015	2,327
Other Receivables	478.77	395.88	539.56	224.94	156.67	392.77
Receivables	25,739	21,483	11,992	5,369	3,172	2,719
Inventory	-	1,067	793.61	381.03	81.32	110.2
Prepaid Expenses	-	596.29	524.02	158.26	90.78	198.94
Other Current Assets	2,075	791.12	719.89	230.92	534.26	204.87
Total Current Assets	36,589	33,515	24,275	13,985	9,508	5,529
Property, Plant & Equipment	4,323	4,393	3,523	2,341	1,723	1,578
Long-Term Investments	345.98	282.46	1,106	1,419	-	-
Goodwill	-	5,353	4,368	-	-	-
Other Intangible Assets	10,163	5,159	3,596	23.72	204.25	186.75
Long-Term Deferred Tax Assets	-	-	12.16	75.06	-	-
Other Long-Term Assets	1,292	1,436	1,148	151.64	40.13	83.7
Total Assets	53,306	50,666	38,326	18,031	11,476	7,378
Accounts Payable	9,809	1,321	2,610	646.92	496.58	49.44
Accrued Expenses	35.19	5,503	1,869	1,018	665.39	707.88
Short-Term Debt	2,620	2,119	3,110	2,750	1,449	672
Current Portion of Long-Term Debt	-	-	-	76.82	100.75	-
Current Portion of Leases	264.63	190.06	113	62.2	37.98	29.28
Current Unearned Revenue	3,913	4,646	3,029	948.96	311.4	177.64
Other Current Liabilities	105.77	1,589	2,672	50.79	41.58	27.83
Total Current Liabilities	16,747	15,369	13,403	5,554	3,103	1,664
Long-Term Debt	-	-	-	-	98.01	-
Long-Term Leases	373.4	551.24	491.7	238.88	189.41	129.19
Long-Term Unearned Revenue	19.7	4.28	6.77	81.11	62.2	28.65
Long-Term Deferred Tax Liabilities	-	117.78	-	-	-	-
Other Long-Term Liabilities	1,735	1,818	1,040	-	-	-
Total Liabilities	19,435	18,335	15,397	5,969	3,500	1,849
Common Stock	2,922	2,914	2,904	1,385	1,246	1,235
Additional Paid-In Capital	5,170	4,904	4,671	820.26	614.91	512.15
Retained Earnings	22,833	21,339	14,105	9,528	5,627	3,674
Comprensive Income & Other	2,942	3,172	1,246	328.05	341.7	128.21
Total Common Equity	33,868	32,329	22,926	12,062	7,830	5,550
Minority Interest	2.46	2.45	2.1	1.17	146.39	-20.66
Shareholders' Equity	33,871	32,332	22,928	12,063	7,976	5,529
Total Liabilities & Equity	53,306	50,666	38,326	18,031	11,476	7,378
Total Debt	3,258	2,860	3,715	3,128	1,875	830.47
Net Cash (Debt)	5,517	6,717	6,531	4,718	3,755	1,466
Net Cash Growth	89.43%	2.86%	38.43%	25.64%	156.18%	145.83%
Net Cash Per Share	18.83	22.93	23.11	17.02	13.56	5.35
Filing Date Shares Outstanding	292.22	291.42	290.41	276.16	274.13	271.74
Total Common Shares Outstanding	292.22	291.42	290.41	276.16	274.13	271.74
Working Capital	19,841	18,147	10,872	8,431	6,406	3,865
Book Value Per Share	115.90	110.94	78.94	43.68	28.56	20.42
Tangible Book Value	23,706	21,818	14,963	12,038	7,625	5,363
Tangible Book Value Per Share	81.12	74.87	51.52	43.59	27.82	19.73
Land	-	592.23	592.23	394.04	394.04	-
Buildings	-	735.54	575.42	576.14	542.72	-
Machinery	-	4,221	2,673	1,964	1,263	-
Construction In Progress	-	-	243.44	22.81	0.75	-
Leasehold Improvements	-	300.34	248.69	77.37	44.69	-

Source: S&P Capital IQ. Standard template. Financial Sources.