Accounting for Managers Project: Financial Statements of PIA

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IQRA UNIVERSITY (GULSHAN CAMPUS)
PAIR PROJECT OF
ACCOUNTING FOR MANAGERS
FINANCIAL STATEMENTS OF PIA
PRESENTED TO
MS.MOONA SHAMIM
GROUP MEMBERS
MARYIAH ANWAR (4189)
MARYAM AZAM KHAN (4149)

TABLE OF CONTENTS

TOPICS : PAGE NO :

Acknowledgement…………………………………………… 03

Introduction………………………………………………….. 04

History………………………………………………………. 07

Company Policies………………………………………… . 09

Financial Statements…………………………………….... * Balance Sheet………………………………
* Profit & Loss Statement………………….
Financial Ratios…………………………………………… 10

Yearly Basis Analysis……………………………………. 16

Conclusion…………………………………………………… 18

ACKNOWLEDGEMENTS

First of all we are grateful to Almighty Allah the most Beneficial and the most Merciful who has made us capable of making this report and has given us various opportunities for development in every walk of life.

We would also like to show gratitude towards our course instructor Ms.Moona Shamim for teaching and making me capable enough to work on this report.

Without her complete guidance and support we would not have been able to complete this endeavor. we hope this report meets her standards and expectations.

Sincerely,
MARYIAH ANWAR
MARYAM AZAM KHAN

INTRODUCTION

Courage "If you have the COURAGE to begin,,
you have the COURAGE to succeed."
board of directors’ committees (as of march 16, 2010)
Audit Committee
Mr. Hussain Lawai Chairman Malik Nazir Ahmed Member Prof. Mian Ijaz ul Hassan Member Mr. Mubashir Iftikhar Member

Chief Internal Auditor Secretary (ex-officio)

Finance Committee
Mr. Salman Siddique Chairman Capt. Aijaz Haroon Member (ex-officio) Mr. Mubashir Iftikhar Member Mr. Husain Lawai Member Chief Financial Officer Secretary (ex-officio)
Human Resource Committee
Syed Naseer Ahmad Chairman Capt. Aijaz Haroon Member (ex-officio) Malik Nazir Ahmed Member Mr. Javed Akhtar Member Mr. Mubashir Iftikhar Member Mr. Shaukat Ali Rana Member

Director HRA&C Secretary (ex-officio)

Pride "Look back with PRIDE,
Look forward with hope"
Directors’ report to the shareholders

The Directors are pleased to present their report together with the audited financial statements of the Corporation for the year ended December 31, 2009.

State of the Airline Industry :

Year 2009 proved to be a challenging year with widespread global recession and financial crises. The industry was adversely hit by over capacity and fuel price volatility. Globally, airlines have recorded dips both in passenger/cargo loads and yields. IATA predicted net losses for 2009 to be USD 11 billion (USD 3.4 billion for Asia Pacific carriers) and reiterated that the security of passengers is a top...
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