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    The annual report summarizes the company's key financial ratios from 1996 to 2000, including liquidity, gearing, operating, and turnover ratios. It also breaks down operating expenses, cost of sales, and stock market ratios. The balance sheet as of June 30, 2000 is also included, comparing assets and liabilities between 2000 and 1999.

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    Nation

    Uploaded by

    biawa1
    60 views1 page
    The annual report summarizes the company's key financial ratios from 1996 to 2000, including liquidity, gearing, operating, and turnover ratios. It also breaks down operating expenses, cost of sales, and stock market ratios. The balance sheet as of June 30, 2000 is also included, comparing assets and liabilities between 2000 and 1999.

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    The annual report summarizes the company's key financial ratios from 1996 to 2000, including liquidity, gearing, operating, and turnover ratios. It also breaks down operating expenses, cost of sales, and stock market ratios. The balance sheet as of June 30, 2000 is also included, comparing assets and liabilities between 2000 and 1999.

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    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    60 views1 page

    Nation

    Uploaded by

    biawa1
    The annual report summarizes the company's key financial ratios from 1996 to 2000, including liquidity, gearing, operating, and turnover ratios. It also breaks down operating expenses, cost of sales, and stock market ratios. The balance sheet as of June 30, 2000 is also included, comparing assets and liabilities between 2000 and 1999.

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    Annual Report 2000

    CONTENTS

    RATIO ANALYSIS

    1996 1997 1998 1999 2000

    LIQUIDITY RATIOS
    1.
    Current Ratio 1.02 1 04 1 1.08
    Acid Test Ratio 0.25 0 0.26 0.22 0.19

    GEARING RATIOS
    Debt / Equity Ratio 5% 5% 7.91% 9.33% 15.68%
    Interest Cover 2 2.28 2.94 2.14 3.03

    OPERATING RATIOS
    Return on Shareholder's Equity 13% 13% 13% 14.08% 20.42%
    Gross Profit Margin 20% 20% 22% 20% 24.45%
    Operating Profit 6% 6% 8% 5.70% 8.40%
    Net Profit Margin 2% 2% 1.89% 1.78% 2.42%

    TURNOVER RATIOS
    2.3
    Asset Turnover 2.071 2.47 2.52 2.51
    Equity Turnover 6 6 6.65 8 8.45
    Debtor's Turnover 17.75 23.79 27 34.13 35.29
    Receivable Days 20.56 15.34 14 1,069 10.34
    Inventory Turnover 4 4.16 4.65 438 3.65
    Days Inventory 92.33 88 78.55 83 100.10

    OPERATING EXPENSES
    Administrative Expenses 3.49% 3.49% 3% 2.75% 2.67%
    Selling Expenses 12% 12% 14.37% 13.39% 16.70%
    Financial Expenses 2% 2% 2% 1.98% 1.64%

    COST OF SALES
    Materials 85% 85% 83% 85.01% 83.80%
    Direct Labor 5% 5% 5% 4% 4.27%
    Overheads 10% 10.47% 12.15% 11% 11.93%

    OPERATING EXPENSES (% OF GP)


    Administrative Expenses 17% 17.25% 15% 14% 10.93%
    Selling Expenses 57.29% 60% 64% 65.85% 0.6831
    Financial Expenses 12% 10% 7.10% 9.75% 6.74%

    STOCK MARKET RATIOS


    Earnings Per Share 2.61 2.58 2.57 2.69 4.35
    Dividend Per Share 2 1 2 1.40 2.15
    Dividend Cover 1.20 2.06 2 1.92 2.02

    BALANCE SHEET AS AT 30 JUNE, 2000

    2000 1999

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