Vertical analysis of income statement
|
Details |
2010 % age |
2009 % age |
2008 % age |
2007 % age |
2006 % age |
|
Sales |
100% |
100% |
100% |
100% |
100% |
|
Cost of sale |
|
|
|
|
|
|
Cane purchased and consumed |
89.28 |
55.22 |
97.24 |
79.99 |
78.11 |
|
Raw sugar remelt |
(100) |
(100) |
|
(100) |
8.87 |
|
Salaries, wages and benefit |
2.92 |
3.41 |
5.01 |
5.20 |
3.36 |
|
Workers’ welfare |
0.60 |
0.76 |
1.05 |
1.27 |
0.91 |
|
Provident fund |
(100) |
(100) |
(100) |
|
0.089 |
|
Chemicals and stores consumed |
0.74 |
0.87 |
1.46 |
1.34 |
0.92 |
|
Packing material |
0.52 |
0.66 |
1.23 |
0.68 |
0.75 |
|
Fuel |
0.14 |
0.34 |
0.44 |
3.62 |
1.77 |
|
Power |
0.82 |
0.82 |
0.86 |
1.16 |
1.11 |
|
Repair and maintenance |
0.94 |
0.45 |
0.91 |
0.69 |
1.43 |
|
Insurance |
0.13 |
0.095 |
0.14 |
0.16 |
0.11 |
|
Other factory expenses |
0.51 |
0.47 |
0.67 |
0.80 |
0.76 |
|
Depreciation |
3.73 |
4.33 |
6.39 |
4.52 |
3.38 |
|
Total factory cost |
100.39 |
67.47 |
115.46 |
99.49 |
101.62 |
|
Work in process: |
|
|
|
|
|
|
Opening stock |
0.094 |
0.068 |
0.12 |
0.18 |
0.067 |
|
closing stock |
0.17 |
0.095 |
0.09 |
0.16 |
0.14 |
|
Cost of goods manufactured |
100.30 |
67.44 |
115.48 |
99.51 |
101.54 |
|
Finished goods: |
|
|
|
|
|
|
Opening stock |
6.56 |
25.92 |
18.32 |
29.10 |
7.20 |
|
Closing stock |
8.77 |
6.60 |
37.47 |
23.37 |
23.82 |
|
C.G.S |
98.09 |
86.77 |
96.33 |
105.24 |
84.93 |
|
Gross profit/(loss) |
0.19 |
13.22 |
3.66 |
(5.24) |
15.06 |
|
Operating expenses: |
|
|
|
|
|
|
Selling and distribution cost |
0.16 |
0.18 |
0.49 |
0.20 |
0.20 |
|
Administrative expenses |
4.91 |
4.92 |
5.77 |
6.83 |
5.38 |
|
Other operating expense |
0.042 |
0.069 |
0.04 |
0.05 |
(100) |
|
Operating profit/loss |
(3.21) |
8.04 |
(2.64) |
(12.34) |
9.47 |
|
Financial cost |
5.88 |
7.93 |
9.65 |
7.94 |
5.67 |
|
Other income/(expenses) |
0.89 |
0.30 |
1.39 |
1.93 |
0.51 |
|
Workers! Profit participation fund |
(100) |
(100) |
(100) |
(100) |
0.19 |
|
Workers! Welfare fund |
(100) |
(100) |
(100) |
(100) |
0.080 |
|
profit/(loss) before taxation |
(8.20) |
0.41 |
(10.90) |
(18.35) |
4.04 |
|
provision for taxation : |
|
|
|
|
|
|
current |
(0.55) |
(0.091) |
(100) |
0.50 |
0.50 |
|
Prior period |
(100) |
(100) |
(100) |
(0.11) |
(100) |
|
deferred |
3.43 |
0.57 |
6.23 |
1.01 |
2.65 |
|
profit/(loss) after taxation |
(5.32) |
0.90 |
(4.67) |
(19.75) |
0.89 |
|
Earning/(loss) per share |
(.000000488) |
.000000082 |
(.000000427) |
(0.00000181) |
.000000094 |
Interpretation:
- Material increasing in revenues.
- Total factory cost is approximately 100% except in 2009 which failure point of company.
- The overall cost of goods sold is very high which result decrease in gross profit.
- Gross profit is very low which cannot fulfill the operating expenses and other expenses so net loss is increasing in coming years.
