using the report given,provide and comment on the following:You meed to analyse the items under the consolidated statement of profit or loss both years 2019 and 2020. Provide an analysis using this part. OUR PERFORMANCESTATEMENTS OF COMPREHENSIVE INCOMEFOR THE FINANCIAL YEAR ENDED 31 AUGUST 2020GroupCompany20202019RM'0002020RM'0002019RM'000RM'000Profit net of tax1,788,830367,5461,637,122209,218Other comprehensive income/(loss):Items that may be reclassified subsequentlyto profit or loss:Net movement on debt instrument at fair valuethrough other comprehensive income(2,084)3,247Cash flow hedge (Note 36)77,601(38,787)Foreign currency translation differences of foreignoperations(7,521)17,423Other comprehensive income/(loss) for the year,net of tax67,996(18,117)Total comprehensive income for the year1,856,826349,4291,637, 122209,218Total comprehensive income attributable to:Owners of the parent1,821,022345,4441,637,122209,218Holders of Perpetual Sukuk25,605Non-controlling interests10,1993,9851,856,826349,4291,637,122209,218 The gross profit is estimated as follows:Gross Profit MarginParticularsAmount (2019)Amount (2020)Revenues4,801,1397,237,427(-) Cost of Sales-3,917,144-4,387,010883,9952,850,417(/) RevenuesGross Profit Margin4,801,1397,237,42718.4139.38The gross profit margin has increased in 2020, that is in 2020 there is more revenue.The net profit margin is as follows:Net Profit MarginParticularsAmount (2019)Amount (2020)367,5461,788,830Net profit(/) RevenuesNet Profit Margin4,801,1397,237,4277.6624.72The net profit margin has increaséd from 2019 to 2020 due to the increase in revenues and net profit.The return on capital employed is computed as follows:Return on capital employedAmount (2019)ParticularsAmount (2020)EBIT523,5882,165,551(/) Current Assets - currentliabilities4,096,4146,573,440Return on capital employed0.130.33The return on capital employed has increased from 2019 to 2020 which means the earnings have increasedfrom the capital employed.The quick ratio is computed as follows:Quick ratioParticularsAmount (2019)Amount (2020)1,149,2018,175,235Current Assets - Inventories1,591,7912,132,524(7) current liabilities0.723.83Quick RatioA quick ratio of less than 1 is not ideal, therefore, the corporation was less liquid in 2019 as compared to 2020.

The ratio helps in analyzing the financial statement of the company.

TATEMENTS OF COMPREHENSIVE INCOME R THE FINANCIAL YEAR ENDED 31 AUGUST 2020 Group Compa 2020 RM'000 2019 RM'000 2020 RM'000 rofit net of tax 1,788,830 367,546 1,637,122 ther comprehensive income/(loss):

TATEMENTS OF COMPREHENSIVE INCOME R THE FINANCIAL YEAR ENDED 31 AUGUST 2020 Group Compa 2020 RM'000 2019 RM'000 2020 RM'000 rofit net of tax 1,788,830 367,546 1,637,122 ther comprehensive income/(loss):

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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