Evaluating a firm’s financial performance requires multidimensional analysis and cannot be confined to the Accounting information only. Explain with respect to your analysis of the attached financial statements. STATEMENT OF FINANCIAL POSITIONAS AT 30 JUNE 2020STATEMENT OF FINANCIAL POSITIONAS AT 30 JUNE 20202020201920202019(Rupees '000)(Rupees 000)(Rupees '000)(Rupees '000)ASSETSNon-current assetsEQUITYShare capital and reservesShare capitalCapital reservesProperty, plant and equipmentIntangible assets and goodwillInvestment propertyLong term investmentsLong term deposits55,789,4697,710,29357,242,0867,794,1545,962,5285,962,5288,217,6957,504,621266,075262,349Revenue reserves40,472,97744,138,76913,687,830118,41812,512,03954,653,20057,605,918118,03877,572,08577,928,666LIABILITIESNon-current liabilitiesLong term financingDeferred tax liability - net11,542,2509,907,87910,617,491Employee benefit obligations27,91524,89021,478,04410,642,381Current assetsCurrent liabilities7,010,1552,291,4731,727,790175,92424,457Stores, spare parts and loose toolsStock in tradeTrade and other payablesShort-term borrowingsCurrent portion of long term financingCurrent portion of long term musharakaUnclaimed dividend5,511,2102,689,4432,101,856407,77126,862641,0903,212,501462,91215,053,6457,654,3658,059,75410,835,3683,375,36010,710,748Trade debts272,171AdvancesDeposits and prepaymentsOther receivablesAdvance tax - net2,249,73337,967213,79724,734,012841,7004,815,220347,69117,234,41018,675,251Cash and bank balancesTotal liabilities40,153,29535,376,393Total equity and liabilities94,806,49592,982,311Total assets94,806,49592,982,311 STATEMENT OF CASH FLOWSFOR THE YEAR ENDED 30 JUNE 2020STATEMENT OF PROFIT OR LOSSFOR THE YEAR ENDED 30 JUNE 20202010Repe wApentooCASH FLOWS FROM OPERATING ACTIVInesGere20202019Canendial etartd et(Rupees '000)(Rupees DO0)Pnforttetreveralt pon for sewingackton deptcountonfordndeteShareofpofeyaccounted inwesteetoftaChangeinfreofiment prepetyGross turnover63,687,75479,000,314Less: rebates and discounts(2,243,317)(2,354,731)Less: sales tax and excise duty(24,315,711)(23,044,071)terest epeean land compmteniance cNet turnover37,128,72653,601,512Paan toremkyee retement berefeCost of sales(36,011,992)(37,556.552)14ChargiGross profit1,116,73416,044,960Sores sparepatsand keSackin tadeTrade detAanOther income247,618122,211DptandpymentsaerSelling and distribution expenses(794,213)(1,339,086)Tade and other payablesAdministrative expenses(579,308)(711,411)CahgeeratedmpingtiesOther expenses(16,743)(826,752)Long term depeOperating (loss) / profit(25,912)13,289,922Finance ctpEmpleye mentbenet ptmome ta paiLASNet cash based ingeneated om operating acvtiesFinance cost(2,151,701)(1,498,473)CASH FLOWS FROM INVESTING ACTVITESShare of profit of equity-accounted investees - net of tax1,671,1331,454,101Acquton of ptypantnd mentA en ofghte etPredh from e of propertylant andgumentRentreceived tomivestent propertyCLAZ(Loss) /profit before tax(506,480)13,245,550Income tax credit / (charge)555,7323,148.265)10,097 285Net cash ud in iting asProfit for the year49,252CASH FLOWSROM INANCINGACTIvTeSNeprents oflung temanRepyments oflong tem muhaka114Netash generatdamd nandngtivitiesEarnings per share - basic and diluted (Rupees)0.0816.93Net ine incahand cashalvalentaCehand ch er eng efheCah and cash valent atendaf the yaa

Financial statement: Financial statement can be defined as the statement prepared at the end of the…

Evaluating a firm’s financial performance requires multidimensional analysis and cannot be confined to the Accounting information only. Explain with respect to your analysis of the attached financial statements.

Evaluating a firm’s financial performance requires multidimensional analysis and cannot be confined to the Accounting information only. Explain with respect to your analysis of the attached financial statements.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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