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    Quarterly Analysis: Analysis of Variation in Interim Results and Final Accounts

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    This document provides a quarterly financial analysis for an organization over a six year period. It includes tables showing quarterly and annual figures for turnover, cost of sales, gross profit, operating costs, profit before and after taxation. The analysis finds that the gross profit margin decreased from Q1 to Q4 due to lower fertilizer sales and higher fixed costs. Despite other income, costs such as GST exemption, transportation, financing and super tax led to a reduction in net profit margin from Q1 to Q4. The overall gross profit margin was in line with last year but the net profit margin was 2% lower.

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    Quarterly Analysis: Analysis of Variation in Interim Results and Final Accounts

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    This document provides a quarterly financial analysis for an organization over a six year period. It includes tables showing quarterly and annual figures for turnover, cost of sales, gross profit, operating costs, profit before and after taxation. The analysis finds that the gross profit margin decreased from Q1 to Q4 due to lower fertilizer sales and higher fixed costs. Despite other income, costs such as GST exemption, transportation, financing and super tax led to a reduction in net profit margin from Q1 to Q4. The overall gross profit margin was in line with last year but the net profit margin was 2% lower.

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    This document provides a quarterly financial analysis for an organization over a six year period. It includes tables showing quarterly and annual figures for turnover, cost of sales, gross profit, operating costs, profit before and after taxation. The analysis finds that the gross profit margin decreased from Q1 to Q4 due to lower fertilizer sales and higher fixed costs. Despite other income, costs such as GST exemption, transportation, financing and super tax led to a reduction in net profit margin from Q1 to Q4. The overall gross profit margin was in line with last year but the net profit margin was 2% lower.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    19 views1 page

    Quarterly Analysis: Analysis of Variation in Interim Results and Final Accounts

    Uploaded by

    .
    This document provides a quarterly financial analysis for an organization over a six year period. It includes tables showing quarterly and annual figures for turnover, cost of sales, gross profit, operating costs, profit before and after taxation. The analysis finds that the gross profit margin decreased from Q1 to Q4 due to lower fertilizer sales and higher fixed costs. Despite other income, costs such as GST exemption, transportation, financing and super tax led to a reduction in net profit margin from Q1 to Q4. The overall gross profit margin was in line with last year but the net profit margin was 2% lower.

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    of 1

    QUARTERLY Analysis vs last year Six years analysis Quarterly analysis

    ANALYSIS
    Rs million 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Annual

    Turnover 26,315 28,390 24,474 30,185 109,364


    Cost of Sales (16,957) (16,848) (15,034) (20,478) (69,317)
    Gross Profit 9,358 11,542 9,440 9,707 40,047
    Distribution Cost (2,186) (2,121) (2,616) (3,185) (10,108)
    Operating profit 7,172 9,421 6,824 6,522 29,939
    Finance cost (1,072) (945) (1,210) (1,641) (4,868)
    Other losses
    Unwinding of GIDC liability (530) (645) (414) (530) (2,119)
    ECL on subsidy - (350) - (320) (670)
    (530) (995) (414) (850) (2,789)
    Other income
    Investment Income 2,199 2,695 2,429 2,620 9,943
    Dividend Income 1,260 1,256 450 1,533 4,499
    3,459 3,951 2,879 4,153 14,442
    Other expenses (727) (915) (630) (765) (3,037)
    Profit before taxation 8,302 10,517 7,449 7,419 33,687
    Provision for taxation (2,062) (7,157) (2,205) (2,213) (13,637)
    Profit for the year 6,240 3,360 5,244 5,206 20,050

    Analysis of Variation in Interim Results


    and Final Accounts
    Gross profit margin of Q1 decreased from 36% to 32% in Q4 mainly due to lower sale of imported fertilizer and higher fixed
    cost owing to inflationary factors. Despite earning a benchmark other income, the cost absorption due to GST exemption,
    rise in transportation and finance cost and imposition of super tax led to a reduction of net profit margin from 24% in Q1
    to 17% in Q4. On overall basis, the GP margin of 37% was almost in line with last year however net profit margin of 18%
    amounting to Rs 20.05 billion was 2% lower than last year.

    Directors’ Report

    75

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