2021 2020 S Change % Change Gross operating revenue 1,870,188,069.00 1,706,358,991.00 163,829,078.00 9.60% Cost of operating revenue (1,245,049,430.00) (1,160,747,229.00) (84,302,201.00) 7.26% 79,526,877.00 (1,994,192.00) 77,532,685.00 Gross profit 625,138,639.00 545,611,762.00 1,994,192.00 547,605,954.00 14.58% Other income -100.00% 625,138,639.00 14.16% Administrative, selling and distribution expenses: Administrative (427,856,374.00) (395,323,017.00) (32,533,357.00) 8.23% 7,644,651.00 (24,888,706.00) Selling and distribution (60,656,587.00) (488,512,961.00) (68,301,238.00) -11.196 (463,624,255.00) 5.37% 1,804,151.00 138,429,829.00 Impairment recovered/(loss) on trade receivables 32.51% (2,673,129.00) 81,308,570.00 (868,978.00) 57,121,259.00 Operating profit before finance costs and taxation 70.25% 1,133,753.00 (20,270,767.00) 199,447.00 (991,927.00) Finance income - interest 1,333,200.00 17.596 Finance costs (21,262,694.00) 4.89% Profit before taxation 118,500,335.00 62,171,556.00 56,328,779.00 90.60% Tavation (17,819,728.00) (7,602,157.00) (10,217,571.00) 134.406 Profit, being total comprehensive income for the year 100,680,607.00 54,569,399.00 46,111,208.00 84.50% Earnings per stock unit 0.27 0.14 0.13 92.86% Questions: Use the above Income Statement to answer the questions below 1. Analyze as followed: a. Give a comprehensive horizontal analysis of the above Income Statement b. Give a comprehensive vertical analysis of the above Income Statement 2. What are the strengths, weaknesses or developing problems of the company? 3. From a sustainable finance point of view, is the company a good one to invest in?
2021 2020 S Change % Change Gross operating revenue 1,870,188,069.00 1,706,358,991.00 163,829,078.00 9.60% Cost of operating revenue (1,245,049,430.00) (1,160,747,229.00) (84,302,201.00) 7.26% 79,526,877.00 (1,994,192.00) 77,532,685.00 Gross profit 625,138,639.00 545,611,762.00 1,994,192.00 547,605,954.00 14.58% Other income -100.00% 625,138,639.00 14.16% Administrative, selling and distribution expenses: Administrative (427,856,374.00) (395,323,017.00) (32,533,357.00) 8.23% 7,644,651.00 (24,888,706.00) Selling and distribution (60,656,587.00) (488,512,961.00) (68,301,238.00) -11.196 (463,624,255.00) 5.37% 1,804,151.00 138,429,829.00 Impairment recovered/(loss) on trade receivables 32.51% (2,673,129.00) 81,308,570.00 (868,978.00) 57,121,259.00 Operating profit before finance costs and taxation 70.25% 1,133,753.00 (20,270,767.00) 199,447.00 (991,927.00) Finance income - interest 1,333,200.00 17.596 Finance costs (21,262,694.00) 4.89% Profit before taxation 118,500,335.00 62,171,556.00 56,328,779.00 90.60% Tavation (17,819,728.00) (7,602,157.00) (10,217,571.00) 134.406 Profit, being total comprehensive income for the year 100,680,607.00 54,569,399.00 46,111,208.00 84.50% Earnings per stock unit 0.27 0.14 0.13 92.86% Questions: Use the above Income Statement to answer the questions below 1. Analyze as followed: a. Give a comprehensive horizontal analysis of the above Income Statement b. Give a comprehensive vertical analysis of the above Income Statement 2. What are the strengths, weaknesses or developing problems of the company? 3. From a sustainable finance point of view, is the company a good one to invest in?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:2020
S Change
9% Change
9.60%
2021
Gross operating revenue
1,870,188,069.00 1,706,358,991.00
163,829,078.00
Cost of operating revenue
(1,245,049,430.00) (1,160,747,229.00) (84,302,201.00)
7.26%
Gross profit
625,138,639.00
545,611,762.00
79,526,877.00
14.58%
Other income
1,994,192.00
(1,994,192.00)
-100.00%
625,138,639.00
547,605,954.00
77,532,685.00
14.16%
Administrative, selling and distribution expenses:
Administrative
(427,856,374.00)
(395,323,017.00) (32,533,357.00)
8.236
(68,301,238.00)
(463,624,255.00)
Selling and distribution
(60,656,587.00)
(488,512,961.00)
7,644,651.00
(24,888,706.00)
-11.19%
5.37%
Impairment recovered/(loss) on trade receivables
Operating profit before finance costs and taxation
1,804,151.00
138,429,829.00
(2,673,129.00)
81,308,570.00
(868,978.00)
32.516
57,121,259.00
70.2556
Finance income - interest
1,333,200.00
1,133,753.00
199,447.00
17.5956
Finance costs
(21,262,694.00)
(20,270,767.00)
(991,927.00)
4.896
Profit before taxation
118,500,335.00
62,171,556.00
56,328,779.00
90.606
Тахation
(17,819,728.00)
(7,602,157.00)
(10,217,571.00)
134.406
Profit, being total comprehensive income for the year
100,680,607.00
54,569,399.00
46,111,208.00
84.50%
Earnings per stock unit
0.27
0.14
0.13
92.86%
Questions: Use the above Income Statement to answer the questions below
1. Analyze as followed:
a. Give a comprehensive horizontal analysis of the above Income Statement
b. Give a comprehensive vertical analysis of the above Income Statement
2. What are the strengths, weaknesses or developing problems of the company?
3. From a sustainable finance point of view, is the company a good one to invest in?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education