Scribd Logo
Upload

Welcome to Scribd!

  • 16 views

    Review of Financial Performance

    Uploaded by

    mian Umair
    - The company saw a decrease in revenue and gross profit from 2020 to 2021, with revenue increasing to Rs. 490 million but gross profit becoming negative at Rs. -2.9 million. - Net loss also increased substantially, going from Rs. -7.8 million in 2020 to Rs. -17.7 million in 2021. - Current liabilities significantly exceeded current assets in both years, leading to very negative working capital positions.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Review of Financial Performance

    Uploaded by

    mian Umair
    16 views2 pages
    - The company saw a decrease in revenue and gross profit from 2020 to 2021, with revenue increasing to Rs. 490 million but gross profit becoming negative at Rs. -2.9 million. - Net loss also increased substantially, going from Rs. -7.8 million in 2020 to Rs. -17.7 million in 2021. - Current liabilities significantly exceeded current assets in both years, leading to very negative working capital positions.

    Original Title

    18. Review of Financial Performance

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    - The company saw a decrease in revenue and gross profit from 2020 to 2021, with revenue increasing to Rs. 490 million but gross profit becoming negative at Rs. -2.9 million. - Net loss also increased substantially, going from Rs. -7.8 million in 2020 to Rs. -17.7 million in 2021. - Current liabilities significantly exceeded current assets in both years, leading to very negative working capital positions.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    16 views2 pages

    Review of Financial Performance

    Uploaded by

    mian Umair
    - The company saw a decrease in revenue and gross profit from 2020 to 2021, with revenue increasing to Rs. 490 million but gross profit becoming negative at Rs. -2.9 million. - Net loss also increased substantially, going from Rs. -7.8 million in 2020 to Rs. -17.7 million in 2021. - Current liabilities significantly exceeded current assets in both years, leading to very negative working capital positions.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 2

    CLIENT: Muhammadi Gases (Private) Limited

    YEAR END: 30th JUNE 2021 PREPARED BY:


    SUBJECT: FINANCIAL PERFORMANCE REVIEW Ahmed

    A. SUMMARY FINANCIAL DATA

    2021 2020
    Profit and Loss Account
    (Dfart) (Audited)
    Revenue 490,363,828 355,095,150
    Direct cost (493,271,491) (330,797,265)
    Gross profit (2,907,663) 24,297,885
    Administration & selling expenses (28,151,767) (26,261,435)
    Other income 20,151,941 95,309
    Finance costs (3,230,465) (5,033,424)
    Loss before taxation (14,137,954) (6,901,665)
    - Taxation (3,570,357) (920,432)
    Profit for the year (17,708,311) (7,822,097)

    2021 2020
    Balance Sheet
    (Dfart) (Audited)
    ASSETS
    NON-CURRENT ASSETS
    Property, plant and equipment - -
    Long term deposits - -
    Deferred taxation - -
    - -
    CURRENT ASSETS
    Stores, spares and loose tools - -
    Inventories - -
    Biological assets - -
    Trade receivables - -
    Prepayments, deposits and advances - -
    Short term investment - -
    Tax refunds due from the Government - -
    Cash and bank balances - -
    - -
    - -
    EQUITY AND LIABILITIES
    SHARE CAPITAL & RESERVES
    Share capital 2,533,000,000 2,533,000,000
    Unappropriated profit 1,545,087,773 1,251,399,623
    4,078,087,773 3,784,399,623
    NON-CURRENT LIABILITIES
    Long-term financing, secured 1,681,019,751 85,460,616
    Liabilities against asset subject to finance lease 4,750,082 4,690,525
    Long term musharaka 327,934,622 49,616,315
    2,013,704,455 139,767,456
    CURRENT LIABILITIES
    Trade and other payables 3,215,320,214 4,753,161,627
    Accrued mark-up 231,441,624 426,669,914
    Short-term borrowings 7,667,432,533 10,817,950,449
    Loan from director - 10,892,345
    Current maturity of non-current liabilities 1,221,422,799 396,360,542
    12,335,617,170 16,405,034,877

    B. PROFITABILITY 2021 2020


    Gross profit %age -0.59% 6.84%
    Net profit %age -3.61% -2.20%

    C. ASSET TURNOVER 2021 2020


    Revenue to Total Assets #DIV/0! #DIV/0!
    Revenue to Fixed Assets #DIV/0!
    ### #DIV/0!

    D. LIQUIDITY 2021 2020


    Working Capital (12,335,617,170) (16,405,034,877)
    Current Ratio - -
    Quick Ratio - -

    You might also like