(All Comp Data).xlsx - GSK(GLAXO SMITH KLYNE INCOME STATEMENT FOR THE YEAR ENDED YEAR 2017 2016 Net sales Cost of sales Gross profit 32,773,770

(All Comp Data).xlsx - GSK(GLAXO SMITH KLYNE INCOME...

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GSK (GLAXO SMITH KLY INCOME STATEMENT FOR TH YEAR 2017 2016 Net sales 32,773,770 27,563,533 Cost of sales - 24,095,384 20,099,062 Gross profit 8,678,386 7,464,471 Selling, marketing and distribution expenses - (3,278,792) (2,816,163) Administrative expenses - (982,786) (944,201) Operating profit 4,416,808 3,704,107 Other operating expenses - 439,456 372,750 Other income + 1,036,344 1,040,556 EBIT 5,013,696 4,371,913 Financial charges - 88,282 19,032 Profit before taxation EBT 4,925,414 4,352,881 Taxation - 1,898,180 1,707,969 Net Income/Profit for year 3,027,234 2,644,912 Discounted operation : Loss- OR Profit+ 46,211 117,273 2,981,023 2,762,185 Other comprehensive income : Remeasurement of staff retirement benefits - 267,816 58,831 Impact of taxation - 72,071 17,258 195,745 41,573 TOTAL COMPREHENSIVE INCOME 2,785,278 2,803,758 Purchases 2,653,726 2,899,150
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LYNE) HE YEAR ENDED 2015 2014 2013 23,821,926 22,843,250 25,230,878 17,397,755 16,996,459 19,002,112 6,424,171 5,846,791 6,228,766 (2,787,942) (2,607,462) (3,625,389) (971,144) (936,170) (935,974) - 2,665,085 - 2,303,159 - 1,667,403 255,635 230,783 153,230 1,159,017 488,010 454,916 3,568,467 2,560,386 1,969,089 54,361 20,363 159,217 3,514,106 2,540,023 1,809,872 1,003,380 1,005,105 747,609 2,510,726 1,534,918 1,062,263 132,504 152,153 - 2,643,230 1,687,071 1,062,263 105,995 116,163 81,095 31,781 38,187 27,491 74,214 77,976 53,604 2,717,444 1,609,095 1,008,659 2,465,134 3,400,399 3,498,279
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LIQUIDITY RATIOS 2017 2016 2015 2014 Current ratio 1.54 1.68 1.89 1.84 Quick ratio 0.60 0.71 0.73 0.52 ACTIVITY RATIOS/EFFECIENCY RATIOS/TURNOVER Recievable turnover ratio 22.66 64.15 55.14 51.62 Days sales outstanding 16.11 5.69 6.62 7.07 Payable turnover ratio 3.74 3.49 3.09 2.94 Days in payable 97.51 104.44 118.10 124.17 Inventory turnover ratio 4.00 3.79 3.07 2.64 Days inventory in hand 91 96 119 138 Total Asset turnover 1.52 1.34 1.21 1.23 PROFITABILITY RATIOS Gross profit margin 26% 27% 27% 26% Operating profit margin 13% 13% 11% 10% Net profit margin 9% 10% 11% 7% Return on Assets (ROA) Return on equity (ROE) 22% 20% 20% 13% SOLVENCY RATIOS Debt to equity 62% 56% 54% 60% Debt to capital 38% 36% 35% 37% Debt to asset 38% 36% 35% 37% Interest coverage 56.79 229.71 65.64 125.74
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2013 1.91 0.43 72.10 5.06 3.42 106.83 2.96 123 1.41 25% 7% 4% 9% 58% 37% 37% 12.37
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BALANCE SHEET FOR THE YEAR ENDED YEAR 2,017 2,016 2,015 ASSETS Non Current Assets Fixed assets 8,865,334 8,318,434 7,154,446 Intangibles 1,039,072 1,039,072 1,039,072 Long-Term loans to employees 91,422 49,369 49,212 Long-Term deposits 22,204 21,955 21,955 10,018,032 9,428,830 8,264,685 Current Assets Stores and spares 219,613 201,037 158,564 Stock-in-trade 6,082,218 5,548,083 4,707,918 Trade debts 2,362,703 530,413 328,948 Loans and advances 453,116 177,653 340,491 Trade deposits and prepayments 131,920 134,335 123,223 Interest accured 3,182 12,074 10,908 Refunds due from government 30,113 54,178 109,125 Other receivables 251,325 484,945 313,127 Taxation - payments less provisions - - 531,579 Investments 348,810 793,873 695,586 Cash and bank balances 1,818,900 3,515,638 2,946,612 11,701,900 11,452,229 10,266,081
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