Vertical analysis of balance sheet
|
Details |
2010 % age |
2009 % age |
2008 % age |
2007 % age |
2006 % age |
|
Current assets: |
|
|
|
|
|
|
Stores, spare parts and loose tools |
7.6 |
8.10 |
5.58 |
4.86 |
4.97 |
|
Stock in trade |
5.98 |
4.64 |
16.73 |
9.57 |
12.90 |
|
Trade debts |
2.52 |
(100) |
(100) |
0.23 |
0.24 |
|
Loans and advances |
1.37 |
1.48 |
1.18 |
2.15 |
1.99 |
|
Short term deposits and prepayments |
0.026 |
0.079 |
0.068 |
0.02 |
0.021 |
|
Other receivables |
0.68 |
0.72 |
0.68 |
0.79 |
0.85 |
|
Taxation |
1.51 |
1.44 |
1.28 |
1.21 |
1.45 |
|
Cash and bank balance |
0.12 |
0.67 |
0.40 |
0.063 |
0.56 |
|
Total current assets |
19.84 |
17.14 |
26.64 |
18.81 |
23.03 |
|
Fixed assets: |
|
|
|
|
|
|
Property, plant and equipment |
76.95 |
81.89 |
72.79 |
81.05 |
52.71 |
|
Capital work in progress |
(100) |
(100) |
(100) |
(100) |
24.10 |
|
Total fixed assets |
76.95 |
81.89 |
72.79 |
81.05 |
76.82 |
|
Deferred tax asset |
3.18 |
0.93 |
0.49 |
(100) |
(100) |
|
Long term deposits |
0.023 |
0.024 |
0.065 |
0.13 |
0.14 |
|
Total assets |
100 |
100 |
100 |
100 |
100 |
|
Current liabilities: |
|
|
|
|
|
|
Trade and other payables |
12.22 |
17.25 |
26.21 |
9.87 |
4.22 |
|
Accrued mark-up |
1.49 |
1.23 |
1.75 |
1.24 |
1.35 |
|
Short term borrowings |
8.98 |
5.00 |
11.16 |
12.19 |
17.37 |
|
Current portion of long term liabilities |
4.83 |
1.56 |
0.52 |
4.89 |
3.76 |
|
Provision for taxation |
0.37 |
0.06 |
(100) |
(100) |
0.27 |
|
Total current liabilities |
27.91 |
25.12 |
39.66 |
28.20 |
26.98 |
|
Non current liabilities: |
|
|
|
|
|
|
Long term finances |
14.41 |
19.99 |
24.12 |
24.78 |
19.23 |
|
liabilities against assets subject to finance lease |
0.057 |
0.07 |
0.15 |
0.42 |
0.71 |
|
Other loan |
21.50 |
20.94 |
9.04 |
10.44 |
5.18 |
|
Long term advances |
7.22 |
(100) |
(100) |
(100) |
(100) |
|
Long term provision |
0.06 |
(100) |
(100) |
(100) |
(100) |
|
Total non current liabilities |
43.26 |
41.01 |
33.32 |
35.65 |
25.13 |
|
Deferred taxation |
(100) |
(100) |
(100) |
2.62 |
2.43 |
|
Long term provisions |
(100) |
0.065 |
0.061 |
0.070 |
(100) |
|
Other liabilities |
(100) |
(100) |
(100) |
(100) |
0.077 |
|
Total liabilities |
71.17 |
66.20 |
73.05 |
66.55 |
54.63 |
|
Represented by: |
|
|
|
|
|
|
Share capital |
5.25 |
5.48 |
5.09 |
5.86 |
5.59 |
|
Capital reserve-premium on right shares |
1.29 |
1.35 |
1.25 |
1.44 |
2.42 |
|
Revenue reserve: |
|
|
|
|
|
|
General reserve |
2.98 |
3.11 |
2.89 |
3.33 |
3.65 |
|
Accumulated(loss) /profit |
(11.93) |
(8.74) |
(8.7) |
(7.62) |
(100) |
|
Unappropriated profit |
(100) |
(100) |
(100) |
(100) |
0.34 |
|
Surplus on revaluation of land |
31.22 |
32.58 |
26.40 |
30.42 |
33.34 |
|
Total liabilities and equities |
100 |
100 |
100 |
100 |
100 |
Interpretation:
- Current assets are very small part of total assets. This may be a negative point for company.
- Company has a huge investment in fixed assets. This may be a positive or negative point for company.
- Current liabilities of company are high as compared to current assets.
- Total liabilities have a huge portion as compared to total assets.
