COMMON SIZE ANALYSIS

Common size analysis

year 2006 year 2007 year 2008 year 2006 year 2007 year 2008
% % %
TOTAL CURRENT ASSETS
Stores & Spares 52498 47875 47747 1 1.02 1
Stock in trade 1256141 1363508 1696200 25 29.1 33.8
Trade debts 208742 128817 139004 4.1 2.8 2.8
Loans & Advances 21812 33369 21316 0.4 0.7 0.4
Trade deposits & Short-term prepayments 63078 101988 164785 1.3 2.2 3.3
Accrued profits 11739 5576 6594 0.2 0.1 0.1
Other receivables 45384 197280 35465 0.9 4.2 0.7
Taxation recoverable 295934 154598 258708 5.9 3.3 5.2
Cash & bank balances & financial assets 1608841 1096118 1051489 32 23.4 21
Total current assets 3564169 3129129 3421308 70.9 66.8 68.2
add:NON-CURRENT ASSETS
Fixed assets- property, plant, equipment 1437023 1516821 1560835 28.5 32.4 31.1
Long-term Loans & Advances 25306 25892 23580 0.5 0.6 0.5
Long-term deposits 3394 4393 4393 0.07 0.09 0.09
Long-term prepayments 5533 5133 5773 0.1 0.1 0.1
Total non-current assets 1471256 1552239 1594581 29.1 33.2 31.8
Total assets 5035425 4681368 5015889 100 100 100

TOTAL SHAREHOLDER'S EQUITY

Issued, subscribed & paid-up capital 979003 979003 979003 19.4 21 19.5
Capital reserves 46097 46097 154777 0.9 0.9 3.1
Revenue reserves 3216786 2664173 2434732 63.9 57 48.5
Total Equity 4241886 3689273 3568512 84.2 78.8 71.1
NON-CURRENT LIABILITIES
Deferred taxation 44100 110414 100606 0.9 2.4 2
CURRENT LIABILITIES
Trade & other payables 749439 881681 1346771 14.9 18.8 26.9
Total Liabilities 793539 992095 1447377 15.8 21.2 28.9
Total Equity And Liabilities 5035425 4681368 5015889 100 100 100

Sales-net 5887748 6546371 7059011 100 100 100

Service fee for toll manufacturing 26433 38083 30152 0.5 0.6 0.4
5914181 6584454 7089163 100.5 100.6 100.4
less:cost of goods sold & services 3435553 3850568 4991510 58.4 58.8 70.7
Gross Profit 2478628 2733886 2097653 42.1 41.8 29.7
less: Operating Expenses
Selling & Distribution expenses 877137 844524 1334884 14.9 12.9 18.9
Administrative expenses 136563 110667 255737 2.3 1.7 3.6
1464928 1778695 507032 24.9 27.2 7.2
add:Other Operating Income 108722 173394 105545 1.9 2.7 1.5
less:Other Operating Charges 130020 179859 65051 2.2 2.8 0.9
1443630 1772230 547526 24.5 27.1 7.8
less:Finance Cost 3660 3202 2704 0.1 0.05 0.04
Profit before taxation 1439970 1769028 544822 24.5 27 7.7
less:Taxation-net 439962 559435 200842 7.5 8.6 2.8
Profit After Taxation / Net Income 1000008 1209593 343980 17 18.5 4.9