Exhibit 7.5(a)
Pharmaceutical firms—common size balance sheet
(Percentage of total assets)
Glaxo
Ranbaxy
Cipla
Sun
DRL
2001
2000
2001
2000
2001
2000
2001
2000
2001
2000
AssetsNet fixed assets
15.95758
14.50084
23.00958
26.9621
17.92362
19.4727
27.06462
29.27975
30.74161
27.9525
Cash in bank
7.214607
2.708601
2.354527
0.633915
0.5573
0.514055
1.79999
0.903952
1.822836
3.23204
Receivables
27.6988
30.37264
33.85436
37.43195
33.78275
30.95768
28.20836
35.63027
36.04321
29.45862
Inventory
22.98273
28.53859
18.22677
17.46593
26.3674
25.54506
25.22202
15.04094
14.77866
10.30093
Deferred tax
5.255194
0.691309
1.080513
000000
0
Investments
19.28769
20.80092
13.6224
12.17912
21.34691
23.47439
10.98573
10.41519
7.449811 20.83936
Intangible/Misc
1.603387
2.3871
7.851861
5.326979
0.022024
0.036116
6.71928
8.729895
9.163877
8.216551
Total
100
100
100
100
100
100
100
100
100
100
LiabilitiesTotal borrowing
1.234646
5.805334
4.995737
10.70459
2.299104
2.343948
6.086897
10.10349
35.94194
25.76339
Sundry creditors
17.60674
16.64307
13.42652
14.19551
10.43837
9.596099
5.478378
7.460205
8.910705
6.639622
Other current liabilities
1.683493
2.497043
3.376752
2.780021
5.53566
3.240835
4.723269
5.222144
1.037066
1.650686
Provisions
6.517814
9.345172
8.304288
6.097719
12.33626
15.53482
4.390884
1.423465
2.231661
1.753946
Deferred tax
1.679679
0
6.366899
000000
0
Share capital
9.470285
9.958188
4.595254
4.849137
5.742493
7.219647
13.54935
13.50318
2.967735
3.907656
Reserves & surplus
61.80734
55.7512
58.93455
61.37302
63.64812
62.06465
65.77122
62.28752
48.91089
60.2847
Total
100
100
100
100
100
100
100
100
100
100