Horizontal analysis of balance sheet
|
Details |
2010 % age |
2009 % age |
2008 % age |
2007 % age |
2006 % age |
|
Current assets: |
|
|
|
|
|
|
Stores, spare parts and loose tools |
186.83 |
190.84 |
141.65 |
107.10 |
100% |
|
Stock in trade |
56.72 |
42.18 |
163.70 |
81.30 |
100% |
|
Trade debts |
1258.28 |
(100) |
(100) |
105.8 |
100% |
|
Loans and advances |
84.31 |
86.99 |
118.81 |
118.04 |
100% |
|
Short term deposits and prepayments |
150.83 |
429.20 |
394.42 |
105.77 |
100% |
|
Other receivables |
97.62 |
99.17 |
100.09 |
101.36 |
100% |
|
Taxation |
127.76 |
116.56 |
111.77 |
91.64 |
100% |
|
Cash and bank balance |
27.85 |
139.74 |
91.82 |
12.25 |
100% |
|
Total current assets |
105.46 |
87.34 |
146.10 |
89.55 |
100% |
|
Fixed assets: |
|
|
|
|
|
|
Property, plant and equipment |
178.68 |
182.24 |
174.39 |
168.52 |
100% |
|
Capital work in progress |
(100) |
(100) |
(100) |
(100) |
100% |
|
Total fixed assets |
122.61 |
125.05 |
119.67 |
115.64 |
100% |
|
Deferred tax asset |
|
|
|
|
0 |
|
Long term deposits |
19.19 |
19.19 |
56.12 |
1 |
100% |
|
Total assets |
122.40 |
117.30 |
126.28 |
109.61 |
100% |
|
Current liabilities: |
|
|
|
|
|
|
Trade and other payables |
354.39 |
479.35 |
783.92 |
256.38 |
100% |
|
Accrued mark-up |
134.83 |
106.75 |
163.24 |
100.35 |
100% |
|
Short term borrowings |
63.28 |
33.77 |
81.15 |
76.94 |
100% |
|
Current portion of long term liabilities |
157.33 |
48.90 |
17.68 |
142.40 |
100% |
|
Provision for taxation |
169.34 |
27.66 |
(100) |
(100) |
100% |
|
Total current liabilities |
126.62 |
109.22 |
18.55 |
114.56 |
100% |
|
Non current liabilities: |
|
|
|
|
|
|
Long term finances |
91.72 |
121.92 |
158.40 |
141.21 |
100% |
|
liabilities against assets subject to finance lease |
9.88 |
11.91 |
26.71 |
65.06 |
100% |
|
Other loan |
507.60 |
473.91 |
220.38 |
220.84 |
100% |
|
Long term advances |
|
|
|
|
0 |
|
Long term provision |
|
|
|
|
0 |
|
Total non current liabilities |
210.71 |
191.44 |
167.47 |
155.49 |
100% |
|
Deferred taxation |
(100) |
(100) |
(100) |
118.38 |
100% |
|
Long term provisions |
|
|
|
|
0 |
|
Other liabilities |
(100) |
(100) |
(100) |
(100) |
100% |
|
Total liabilities |
159.48 |
142.16 |
168.86 |
133.54 |
100% |
|
Represented by: |
|
|
|
|
|
|
Share capital |
150 |
150 |
115 |
115 |
100% |
|
Capital reserve-premium on right shares |
65.38 |
65.38 |
65.38 |
65.38 |
100% |
|
Revenue reserve: |
|
|
|
|
|
|
General reserve |
1 |
1 |
1 |
1 |
100% |
|
Accumulated(loss) /profit |
|
|
|
|
0 |
|
Unappropriated profit |
(100) |
(100) |
(100) |
(100) |
100% |
|
Surplus on revaluation of land |
114.61 |
114.61 |
1 |
1 |
100% |
|
Total liabilities and equities |
122.40 |
117.30 |
126.28 |
109.61 |
100% |
Interpretation:
- Total current assets are increasing as compared to base year which is better.
- Total fixed assets also increasing which may be a good or bad point based on the management decision.
- Current liabilities are increasing which is not a good point.
- Total liabilities are much more increasing which is not good.
