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
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