COMMON SIZE ANALYSIS INCOME STATEMENT PERCENTAGES Sales net of trade discounts

Common size analysis income statement percentages

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COMMON SIZE ANALYSIS INCOME STATEMENT PERCENTAGES Sales - net of trade discounts and allowances amounting 2014 2015 to Rs. 521,378 thousand 100.00% 100.00% Less: Sales tax (14.50%) (16.50%) Inland freight equalization margin (1.25%) (1.56%)
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Net sales 84.26% 81.94% Cost of products sold (81.64%) (79.82.64%) Gross profit 2.61% 2.12% Other income 1.38% 1.26% Operating costs Distribution and marketing expenses (0.60%) (1.02%) Administrative expenses (0.15%) (0.32%) Other operating expenses (0.28%) (1.34%) Profit from operation 2.98% 2.03% Finance costs (0.68%) (0.99%) Share of profit of associate 0.04% 0.03% Profit before taxation 2.34% 1.08% Taxation (0.79%) (0.46%) Profit for the year 1.55% 0.62% Balance Sheet COMMON SIZE % 2014 2015 Property, plant and equipment 1.59% 1.87% Long term investments 12.30% 14.85% Long term loans, advances and receivables 0.09% 0.09% Long term deposits and prepayments 0.04% 0.05% Deferred tax 1.74% 2.35% Total non-current assets 15.76% 19.21% CURRENT ASSETS Stores, spare parts and loose tools 0.05% 0.06%
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Stock-in-trade 23.19% 17.14% Trade debts 47.13% 52.97% Loans and advances 0.15% 0.63% Deposits and short term prepayments 0.66% 0.56% Mark-up / interest receivable on investments 0.60% 0.66% Other receivables 5.67% 5.73% Taxation - net 1.26% 2.38% Cash and bank balances 5.54% 0.68% Total current assets 84.24% 80.79% Total Assets 100% 100% Equity And Liabilities Share Capital 0.73% 0.80% Reserves 20.40% 23.2% Total Shareholders’ Equity 21.13% 24.12% Retirement and other service benefits 1.39% 2.44% Total Non-Current Liabilities 1.39% 2.44% CURRENT LIABILITIES Trade and other payables 52.13% 43.08% Provisions 0.19% 0.20% Accrued interest / mark-up on short term borrowings 0.36% 0.25% Short term borrowings 24.81% 29.91% Total current liabilities 77.45% 73.45% Total equity and liabilities 100.00% 100.00%
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COMMON SIZE ANALYSIS: Cash decreases by 88.7% with account receivable decreasing by 7.3%, stock trade decreasing by 32.21%. Cash decrease can be contributed to the selloff of stock trade on credit.This has resulted in the decrease in current assests in 2015. The increase in loans and advances and deffered taxes have resulted in an increase in non current assests Current liabilities haves gradually decreased due to the decrease in trade and other payables but though there was increase in short term borrowing.Total Liabilities decreased by Rs 34.5 bn primarily due to decreasein trade payables for oil by Rs 47 bn on account of dip in oil prices. Gross sales have gone down considerably as compared to 2014 with profits decreasing upto 66.6% INDEX ANALYSIS Balance Sheet As At Index Analysis 30 June 2015 30 June 2014 30 June 2015 30 June 2014 Rs ’000 Rs ’000 % % ASSETS Non-current assets Property, plant and equipment 6,333,296 5,854,769 108.1733 100 Intangibles 54,342 48,407 112.2606 100 Long - term investments 50,680,952 45,789,368 110.6828 100 Long - term loans, advances and receivables 322,509 340,681 94.66598 100 Long - term deposits and prepayments 156,110 139,271 112.0908 100 Deferred tax 8,011,313 6,464,408 123.9296 100 65,558,522 58,636,904 111.8042 100 Current assets Stores, spare parts and loose tools 207,693 189,335 109.696 100 Stock-in-trade 58,492,301 86,297,218 67.78005 100 Trade debts 180,778,298 175,386,168 103.0744 100 Loans and advances 2,135,165 490,811 435.0279 100 Deposits and short - term prepayments 1,903,360 2,511,329 75.79095 100 Mark-up / interest receivable on investments 2,237,478 2,251,290 99.38649 100 Other receivables 19,550,181 21,107,995 92.61979 100 Taxation – net 8,132,351 4,673,470 174.011 100
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Cash and bank balances 2,311,884 20,606,509 11.21919 100 275,748,711 313,514,125 TOTAL ASSETS 341,307,233 372,151,029 EQUITY AND LIABILITIES Equity Share capital 2,716,860 2,716,860 100 100 Reserves 79,593,436 75,904,297 104.8603 100 82,310,296 78,621,157 Non-current liabilities Retirement and other service benefits 8,320,764 5,183,609 160.5207 100 Current liabilities 100 Trade and other payables 147,045,253 194,008,480 75.79321 100 Provisions 688,512 688,512 100 100 Accrued interest / mark-up 866,894 1,328,197 65.26848 100 Short - term borrowings 102,075,514 92,321,074 110.5658 100 250,676,173 288,346,263
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