Submitted to

DR Khuram shaffi
Submitted by
Malaika Hafeez fa19-bba-035
Haris Usman fa19-bba-012
Mariam khan fa19-bba-045
Iqra sabir fa19-bba-065

Final report
Financial management
Askari cement limited
Introduction

Askari cement is product of Army welfare trust (AWT) with two factories Askari cement limited Wah
(ACL) and Askari cement Nizampur. Askari cement limited Wah is successor of Associated Cement
Company. It is core cement plant in the zone currently establishing in Pakistan. The primary plant was
established by well-known Bombay based Indian Association (Association Cement Company) in 1922
with appraised limit of one twenty tons for each day. Primary significant extension was made in 1936
when furnace of the limit of 250 tons for every day remained included trailed through improvement by
three hundred tons for each day in 1950. In 1970 another range of 600-ton day by day stood raised. In
1973 the organization was state-owned and place leveled out of state cement Business of Pakistan in
1974. In 1992 name of the plant was transformed to Wah Cement Company. In 1994 the complete old
building and Equipment was rejected before begin most recent best in class -FLS process plant which was
denationalized by the government of Pakistan and gained by (AWT) IN 1996. Askari cement Limited
became a part of Fauji Foundation in 2013, only major corporate aggregates in Pakistan. Askari cement
Wah and Nizampur organization has a maximum production capacity limit of eight thousand nine
hundred and twenty-five ton for every day. Additional then take real share in Pakistani markets, The
Company is at present sending out its item to Afghanistan. Previously, it has additionally traded to
Baharat, South Africa, central Asian republics and Sudan. ACL has credit of being first in the bond
business toward gain ISO 9001 Certification. It likewise nowadays stands are the first to get the ISO
14001. Atmosphere welcoming standard certification, in Pakistan. Askari cement limited (ACL) is the
individual from All Pakistan cement manufacturer association (APCMA). Askari cement limited reacts to
the world’s requests for lodging & framework. It is determined by the requirements of its clients,
investors, neighborhood networks and planners. Organization removes assets from the core of the Earth
breathing life into materials.

Vision & mission statement

To be a one of the leading quality cements producing company of Pakistan employing best business
practices. Mission produce quality cement with maximum capacity utilization and market it in the
most profitable manner in order to generate maximum profits for Askari Cement
 Core values
• Respect
• Excellent
• Believe in Satisfaction of Workers
 Honesty
• Integrity
• Commitment
• Team work

Objectives
• Cement shall be produced according to adopted national / international values to encounter needs &
expectation of our clients.
• All effort determines to provide proper training to all workers in order to confirm that they possess
the compulsory skills in their particular filed.
• Askari cement limited (ACL), shall sustain a quality system in agreement with the ISO related to the
company of Cement.
• Efficiency and repeated improvement of QMS will be revised frequently in quality council
meetings. 1.1.5 Strategy Main focus of Askari cement is exporting the product to other country and
on big project not mainly on general public for sale

 Financial Statement Analysis

Financial Statement Analysis investigation is to examine by breaking complex thing or component into
little parts to increase a superior comprehension of it and contemplating their interrelations. Assessment
of execution, productivity and practicality of business or venture is called money related investigation.
This investigation is utilized to decide the money related qualities and shortcomings of association.
Speculator of the organization has significant worry with the fiscal report of association.
Budget summary is analyzing gainfulness of firm .it very well may be characterized into Ratio Analysis,
Horizontal Analysis and Vertical Analysis Types of financial Analysis On the basis of material used
• External analysis
• Internal analysis
On the basis of operation
• Horizontal analysis
• Vertical analysis 

Ratio analysis
Ratio Analysis involve calculation and recording financial ratio to identify the firm performance. It
determined the strengths and weakness as well its historical performance and present financial position. It
 determines that firm face loss or in profit. Its shows relationship between two items. It is used to
determined profitability, liquidity and stability of firm.
1 current ratio
Current Ratio = Current Asset/ Current liabilities

Years 2014 2015 2016 2017 2018

Current asset 4,207,949,003 4,390,504,677 5,099,285,790 5,890,866,364 6,681,057,234
Current liabilities 3,624,844,547 3,518,704,102 4,829,645,150 6,910,047,200 6,514,540,862
Ratio 1.16 1.24 1.05 0.85 1.02

Interpretation In current ratio the highest ratio is 1.2478 in 2015 which mean current asset are higher than
current liabilities in this year company work efficiently because current Asset cover efficiently current
liabilities. Lower ratio is 0.8526 in 2017 because current asset not easily cover the current liabilities.so
this ratio show that 2015 are good for the company
Cash flow ratio
Cash flow ratio =cash + Marketable security / present liability

Year 2014 2015 2016 2017 2018

Cash 1,517,540,189 1,903,021,789 1,275,249,884 1,421,287,679 1,536,835,195
Current liability 3,624,844,547 3,518,704,102 4,829,645,150 6,910,047,200 6,514,540,862
Ratio 0.41 0.54 0.26 0.20 0.23
Interpretation The highest ratio is 0.54083 in 2015 which mean business have extra cash as compared to
liabilities. While in 2017 have lower ratio 0.2057 which means it have less cash as compared to its
liabilities.so this ratio shows that 2015 are good for company. In this graph shows that from 2015-2018,
the line is moving downward which means the liabilities are higher than cash

Networking capital
Networking capital = current asset – current liabilities

Year 2014 2015 2016 2017 2018

Current assets 4,207,949,003 4,390,504,677 5,890,866,864 5,890,866,864 6,681,057,234
Current liability 3,624,844,547 3,518,704,102 6,910,047,200 6,910,047,200 6,514,540,862
Ratio 583,104,456 871,800,575 269,640,640 -1,109,180,336 166.516,372
 Net Working Capital Interpretation Working capital of company was highest in 2017 which mean
company have strong position in this year. And in 2015 company have lower ratio which means company
have no strong position in that year. Company have more capital in 2017 which mean day can efficiently
manage their day to day activities.

 Debt to total Asset Ratio

Debt to total Asset ratio = total debt / total asset.

Year 2014 2015 2016 2017 2018

Total debt 19,605,337,109 12,272,025,180 11,748,609,898 13,103,531,916 15,217,990,869
Total assets 20,368,806,409 24,338,755,204 24,707,109,954 25,492,860,322 32,262,655,369
ratio 0.96 0.50 0.47 0.51 0.47
Debt to Total Asset Ratio Interpretation position was not strong in that year because debt ratio are highest
in this year which is not suitable for company. Asset Turnover of Askari cement Limited was 0.96251772
highest in 2014 showing that company financial Asset Turnover of Askari was 0.471690588 lower in
2018 showing the company has strong financial position in this year because lower debt ratio is best for
company.

Debt to capital ratio

Debt to Total Asset Ratio= Total Debt/Total Asset

Year 2014 2015 2016 2017 2018

Debt 19,605,337,109 12,272,025,180 11,748,609,898 13,103,531,916 15,217,990,69
Debt + 27,103,759,798 23,560,515,257 23,756,755,667 24,763,452,282 31,370,571,916
equity
ratio 0.72 0.52 0.49 0.52 0.48
Debt to Capital Ratio Interpretation The highest ratio is 0.7234 in 2014 this ratio shows that how much
total debt are used by total capitalization so company prefer lower ratio. So, 2014 are not suitable for the
company. And in 2018 have lower ratio 0.4852 are suitable for the company. The financial position of the
company became good as the ratio shows a decline of this made the company strong, financially.

Gross profit ratio

Gross profit margin = (Gross profit/Net sales) × 100

Year 2014 2015 2016 2017 2018

Gross 3,896,858,557 4,326,710,901 5,462,548,442 5,117,681,154 3,513,443,612
profit
Net sale 12,596,119,923 13,526,457,485 15,599,917,570 15,952,684,429 14,752,069,969
ratio 30.93 31.98 35.01 32.08 23.81
Gross Profit Ratio Interpretation Gross profit ratio of company was 35.0166 higher in 2016 showing that
economic position of business was strong .In 2018 company was lower ratio is 23.8167 showing that
financial position of company was not good in that year. Gross profit fluctuates as time passes

Total Asset Turnover Ratio:

Total Asset Turnover=Net sales/Average Total Asset

Year 2014 2015 2016 2017 2018

Net sales 12,596,119,923 13,526,457,485 15,599,917,570 15,952,684,429 14,752,060,969
T.A 20,368,806,409 24,338,755,204 24,707,109,954 25,492,860,322 32,262,655,369
ratio 0.61 0.55 0.63 0.62 0.45

Total Asset Turnover Ratio Interpretation Cash Ratio include all financial amount and cash equal to
Current Liabilities. Cash Ratio proves how well an institute can pay off it current liabilities and
reciprocal. Highest ratio in 2016 is 0.6314 which showing that company have strong position in this year.
While in 2018 was lower ratio 0.4573 which showing company have not strong financial position

Fixed Asset Turnover Ratio

Fixed Asset Turnover Ratio = Net Sales / Fixed Asset
 year 2014 2015 2016 2017 2018
Net sales 12596,119,923 13,526,457,485 15,599,917,570 15,952,684,429 14,752,069,969
Fixed assets 16,160,857,406 19,948,250,527 19,607,824,164 19,601,993,458 25,581,598,135
ratio 0.77 0.67 0.79 0.81 0.57
Interpretation Fixed Asset Turnover used to set deals of resource high fixed asset turnover ratio used to
determine the well custom of fixed asset and low quantity used to determine inefficient used of fixed
Asset. In 2017, it was 0.81 higher which shows the financial year strong for the company. While in 2018,
it declined

Net profit margin

 Net profit margin = Net Profit (After taxes)/Net Sales × 100

Year 2014 2015 2016 2017 2018

Net profit after 1,743,071,517 2,197,840,156 2,693,650,336 2,693,650,336 1,719,937,701
tax
Net sales 12596,119,923 13,596,119,923 15,952,684,429 15,952,684,429 14,752,069,969
ratio 13.83 16.24 19.12 16.88 11.65
Net Profit Margin Interpretation In 2014 have lower ratio is 2.2323 showing lower profit margin. While
in 2017 ratio is 6.8087 highest ratio this year are the best for the company showing highest profit ratio.
The company best performance can be concluded when the margin of net profit is high so 2017 are
suitable for the company.

Interest coverage ratio

 Interest coverage ratio = Earnings before Interest and Taxes/Interest Expenses

Year 2014 2015 2016 2017 2018

EBIT 1,759,701,919 2,204,385,120 3647027391 3,448,136,298 1,628,685,444
Interest expense 788,389,142 810,378,536 586,574,561 506,436,388 515,193,974
Ratio 2.23 2.72 6.21 6.80 3.16
Interest Coverage Ratio Interpretation Interests Coverage Ratio are highest 6.8086 highest in 2017 are
effective for the company. And in the year 2014 ratio was 2.2323 are not effective for the company. The
above graph depicts that by using earnings how much times interest expenses are being paid Interest
Coverage

Return on investment
 ROI = Net Profit after Taxes / Total assets

Year 2014 2015 2016 2017 2018

Net profit after 1,743,071,517 2,197,840,156 2,983,058,128 2,693,650,336 1,719,937,701
tax
Total asset 20,368,806,409 24,338,755,204 24,707,109,954 25,492,860,322 32,262,655,369
ratio 0.08 0.09 0.12 0.10 0.05
Interpretation Return on investment show that how company generated profit by using total return on
investment ratio of Askari Cement Company was 0.0534 lower in 2018 showing that company financial
position is not strong. While in 2016 ratio was 0.1208 highest showing that economic position of
company was good in that year

Return on equity
 Return on Equity = Net Income/Shareholder's Equity

Year 2014 2015 2016 2017 2018

Net income 1,743,071,517 2,197,840,156 2,983,058,128 2,693,650,336 1,719,937,701
Equity 7,498,422,689 11,288,490,07 12,008,145,76 11,659,920,36 16,152,581,047
7 9 6
Ratio 0.23 0.19 0.24 0.23 0.10
Return on Equity Interpretation The ratio was highest in 2016 (0.2485) shows that this year are proper for the
firm. And in 2014 ratio is lower 0.1065 showing the financial situation of business was not good. So 2016 are
good for the company.

Debt to equity ratio

Debt to Equity Ratio=Debt/ Equity 

Year 2014 2015 2016 2017 2018

Debt 19,605,337,109 12,272,025,180 11,748,609,898 13,103,531,916 15,217,990,869
Equity 7,498,422,689 11,288,490,077 12,008,145,769 11,659,920,366 16,152,581,047
ratio 2.61 1.08 0.97 1.12 0.94
Debt to Equity Ratio Interpretation Debt to equity ratio is 0.9422 for this year of 2018 lesser the Debt ratio are
good for firm. While in 2016 ratio is 0.2485 highest Debt to equity ratio means that year are not suitable for the
company. Debt to Equity Ratio

 Basic earning power ratio

 Basic earning power ratio = Earnings before Interest and Taxes/ Total assets

Year 2014 2015 2016 2017 2018

Debit 1,759,701,919 2,204,385,120 3,647,027,391 3,448,136,298 1,628,685,444
T.A 20,368,806,409 24,338,755,204 24,707,109,954 25,492,860,322 32,262,655,369
ratio 0.08 0.09 0.14 0.13 0.05
Interpretation Company prefer highest ratio because greater the ratio is satisfactory for the business shows the
business generating effective income from its asset in 2014 highest ratio was 2.6146 are best for the company.
And in 2018 ratio is 0.0505 lower are not effective for the business. Basic Earning Power Ratio

Earnings per share

Earnings per share=net profit after tax/number of shares

Year 2014 2015 2016 2017 2018

NPAT 1,743,071,517 2,197,840,156 2,983,058,128 2,693,650,336 1,719,937,701
Shares 160,098,723 160,098,723 160,098,723 160,098,723 160,098,723
ratio 10.88 13.72 18.63 16.82 10.74

Horizontal Analysis of Income Statement

YEARS 2014 2015 2016 2017 2018

Turnover-Net 100 107.39% 123.85% 126.65% 117.12%

 Cost of sales
Raw material Consumed 100 106.92% 127.21% 149.03% 137.61%
Packing Material 100 107.24% 111.13% 95.66% 100.86%
Store and Spares 100 92.77% 123.99% 130.61% 166.93%
Fuel, Gas and Power 100 97.58% 98.66% 112.10% 114.93%
Salaries Wages and 100 121.28% 156.95% 174.88% 194.94%
Benefits
Insurance 100 97.43% 98.20% 109.76% 156.60%
Repair And Maintenance 100 101.54% 82.14% 80.97% 90.40%
Depreciation 100 103.93% 98.94% 126.88% 130.82
Other Expense 100 112.52% 261.41% 322.86% 402.75%

Gross profit 100 111.03% 126.25% 131.33% 90.16%

Administrative Expenses 100 79.63% 114.20% 109.46% 237.48%
Market and Distribution 100 74.66% 89.58% 96.95% 127.76%
Expenses
Other Expenses 100 118.31% 166.15% 155.02% 71.13%
Finance Cost 100 102.79% 74.40% 64.24% 65.35%
Other Income 100 88.10% 162.52% 129.69% 262.95%
Profit before Tax 100 118.31% 166.15% 155.20% 84.14%
Taxation 100 101.48% 155.34% 156.63% 52.66%
Profit for the Year 100 126.09% 171.14% 154.53% 98.67%

Horizontal ananylisis of balance sheet

YEARS 2014 2015 2016 2017 2018

Current Assets
Stores, Spare parts & 100% 90.50% 120.70% 109.05% 134.71%
Loose tools
Stoke in Trade 100% 97.01% 71.17% 88.43% 104.58%
Trade Debts 100% 139.70% 75.23% 363.12% 520.67%
Advances, Deposits & 100% 119.66% 135.21% 210.74% 197.56%
Prepayments
Other Receivables 100% 85.22% 124.25% 84.71% 100.11%
Other Financial Assets 100% 70.00% 218.50% 232.62% 169.28%
Accrued Interest 100% 130.68% 531.83% 1050.3% 509.29%
Due from the 100% 103.21% - 185.33% 385.90%
Government
Cash & Bank Balance 100% 196.42% 116.22% 106.75% 92.98%
Non-Current Assets
Property, Plant & 100% 123.44% 121.33% 121.30% 128.24%
Equipment
Intangible Assets 100% 92.41% 87.87% 58.87% 42.68%
Current Liabilities
 Trade & other payables 100% 68.38% 37.70% 52.18% 60.21%
Payable to provident 100% 103.39% 123.95% 119.68% 145.17%
Fund Trust
Accrued Liabilities 100% 77.49% 87.31% 96.86% 118.64%
Advanced from 100% 65.09% 96.98% 105.57% 86.71%
Customers
Short term Borrowings 100% 464.91% 1597.17% 4115.2% 3804.25%
Current position of long- 100% 194.92% 281.78% 281.70% 280.81%
term Financing
Current Position of 100% 285.56% 468.64% 1587.4% 1729.63%
liability Against Assets
Accrued Mark-up 100% 80.16% 58.81% 49.31% 54.85%
Provision of Taxation-Net 100% 1914.2% 2814.68% - -
Non-Current Liabilities
Long Term Financing 100% 89.24% 72.94% 56.64% 97.12%
Liability Against Assets 100% 216.77% 213.86% 684.81% 401.81%
Deferred Liabilities 100% 143.96% 120.99% 127.68 117.40%
Equity
Issued, Subscribed & 100% 100% 100% 100% 100%
Paid up share Capital
Unappropriated Profit 100% 157.27% 165.63% 152.78% 230.16%
Net of Tax 100% 167.96% 181.77% 179.26% 254.85%
Total equity & liabilities 100% 4129.4% 6422.21% 7708.5% 7481.7%
Vertical analysis of income statement
year 2014 2015 2016 2017 2018
Turn over net 100% 100% 100% 100% 100%
Cost of sales 69.06% 68.01% 64.98% 67.91% 76.18%
Raw material 8.91% 8.10% 8.35% 8.46% 8.56%
consumed
Packing material 5.72% 5.88% 5.28% 5.88% 5.68%
Store & spare 0.99% 1.79% 2.07% 3.74% 6.43%
Fuel gases & power 39.41% 40.75% 35.72% 36.74% 50.43%

Salaries wages and 4.56% 5.99% 6.72% 5.64% 48.23%

benefits
Insurance 0.012% 0.210% 0.18% 32.1% 18.61%
Repair and 0.13% 0.17% 0.12% 0.18% 0.19%
maintenance
Depreciation 4.42% 4.41% 3.78% 3.54% 3.64%
Other expense 0.36% 0.33% 0.67% 0.54% 0.72%

Gross profit 30.93% 31.98% 35.01% 32.08% 23.81%

Administration 2.88% 2.13% 2.658% 2.49% 5.84%
expense
Market and 1.08% 0.75% 0.78% 8.31% 0.88%
depreciation expense
 Other expense 1.49% 1.65% 2.011% 1.83% 1.07%

Finance cost 6.25% 5.99% 3.76% 3.17% 3.49%

Other income 1.01% 0.83% 1.33% 1.04% 2.01%
Profit before tax 20.22% 22.28% 27.13 24.78% 14.53%
Traction 6.39% 6.03% 8.016% 7.90% 2.87%
Profit for the year 13.83% 16.2% 19.12% 16.88% 11.65%

Vertical analysis of balance sheet

YEARS 2014 2015 2016 2017 2018

Current Assets
Stores, Spare parts & 7.64% 6.18% 7.60% 6.67% 6.58%
Loose tools
Stoke in Trade 5.32% 4.32% 3.12% 3.76% 3.56%
Trade Debts 0.78% 0.91% 0.48% 2.27% 2.61%
Advances, Deposits & 0.39% 0.39% 0.44% 0.67% 0.50%
Prepayments
Other Receivables 0.25% 0.18% 0.25% 0.17% 0.16%
Other Financial Assets 3.68% 2.15% 6.63% 6.85% 3.98%
Accrued Interest 0.01% 0.01% 0.04% 0.09% 0.03%
Due from the 0.43% 0.37% - 0.64% 1.07%
Government
Cash & Bank Balance 2.12% 3.49% 2.03% 1.81% 1.26%
Non-Current Assets
Property, Plant & 79.33% 81.95% 79.35% 77.02% 80.238%
Equipment
Intangible Assets 0.005% 0.004% 0.003% 0.002% 0.001%
Total Assets 100% 100% 100% 100% 100%
Current Liabilities
Trade & other payables 8.93% 4.86% 4.26% 5.72% 3.66%
Payable to provident 0.03% 0.02% 0.03% 0.03% 0.03%
Fund Trust
Accrued Liabilities 3.69% 2.37% 2.67% 2.87% 2.84%
Advanced from 1.008% 0.54% 0.80% 0.85% 0.56%
Customers
Short term Borrowings 0.36% 1.43% 4.86% 12.15% 9.11%
Current position of long- 1.96% 3.20% 4.57% 4.43% 3.58%
term Financing
Current Position of 0.005% 0.01% 0.02% 0.07% 0.06%
liability Against Assets
Accrued Mark-up 1.73% 1.16% 0.84% 0.68% 0.61%
Provision of Taxation-Net 0.05% 0.81% 1.18% 0.00% 0.00%
Non-Current Liabilities
Long Term Financing 33.93% 25.34% 20.47% 15.41% 19.13%
 Liability Against Assets 0.02% 0.04% 0.04% 0.14% 0.06%
Subject to Finance Lease
Deferred Liabilities 11.42% 13.76% 11.53% 11.70% 8.72%
Equity
Issued, Subscribed & 7.85% 6.57% 6.50% 6.30% 5.11%
Paid up share Capital
Unappropriated Profit 9.50% 12.51% 13.02% 11.64% 14.23%
Surplus on Revaluation 19.44% 27.29% 29.23% 27.95% 32.23%
of property, plant &
Equipment-Net of Tax
Total equity & liabilities 100% 100% 100% 100% 100%
Index analysis of income statement
2017 2018 2018 2017
Turnover-Net 126.65% 117.12% 100 92.4753257
Cost of sales
Raw material 149.03% 137.61% 100 92.33711333
Consumed
Packing Material 95.66% 100.86% 100 105.4359189
Store and Spares 130.61% 166.93% 100 127.8079779
Fuel, Gas and Power 112.10% 114.93% 100 102.5245317
Salaries Wages and 174.88% 194.94% 100 111.4707228
Benefits
Insurance 109.76% 156.60% 100 142.6749271
Repair And 80.97% 90.40% 100 111.6462887
Maintenance
Depreciation 126.88% 130.82 100 103.1052963
Other Expense 322.86% 402.75% 100 124.7444713

Gross profit 131.33% 90.16% 100 68.65148862

Administrative 109.46% 237.48% 100 216.9559656
Expenses
Market and 96.95% 127.76% 100 131.7792677
Distribution Expenses
Other Expenses 155.02% 71.13% 100 45.88440201
Finance Cost 64.24% 65.35% 100 101.7278954
Other Income 129.69% 262.95% 100 202.752718
Profit before Tax 155.20% 84.14% 100 54.21391753
Taxation 156.63% 52.66% 100 33.62063462
Profit for the Year 154.53% 98.67% 100 63.85167929
Index analysis of balance sheet
YEARS 2018 2017 2018 2017

Current Assets
Stores, Spare parts & 134.71% 109.05% 100 123.5304906
Loose tools
Stoke in Trade 104.58% 88.43% 100 118.2630329
Trade Debts 520.67% 363.12% 100 143.3878608
Advances, Deposits & 197.56% 210.74% 100 93.74584796
Prepayments
Other Receivables 100.11% 84.71% 100 118.1796718
Other Financial Assets 169.28% 232.62% 100 72.7710429
Accrued Interest 509.29% 1050.3% 100 48.48995525
Due from the 385.90% 185.33% 100 208.2231695
Government
Cash & Bank Balance 92.98% 106.75% 100 87.10070258
Non-Current Assets
Property, Plant & 128.24% 121.30% 100 105.721352
Equipment
Intangible Assets 42.68% 58.87% 100 72.49872601
Current Liabilities
Trade & other 60.21% 52.18% 100 115.3890379
payables
Payable to provident 145.17% 119.68% 100 121.2984626
Fund Trust
Accrued Liabilities 118.64% 96.86% 100 122.4860624
Advanced from 86.71% 105.57% 100 82.13507625
Customers
Short term 3804.25% 4115.2% 100 92.44386664
Borrowings
Current position of 280.81% 281.70% 100 100.0391877
long- term Financing
Current Position of 1729.63% 1587.4% 100 108.9599345
liability Against Assets
Accrued Mark-up 54.85% 49.31% 100 111.2350436
Provision of Taxation- - -
Net
Non-Current
Liabilities
Long Term Financing 97.12% 56.64% 100 171.4689266
Liability Against 401.81% 684.81% 100 58.67466889
Assets
Deferred Liabilities 117.40% 127.68 100 91.94862155
Equity
Issued, Subscribed & 100% 100% 100 100
Paid up share Capital
Unappropriated Profit 230.16% 152.78% 100 150.6479906
Net of Tax 254.85% 179.26% 100 142.167801
Total equity & 7481.7% 7708.5% 100 97.05779335
liabilities
Common size analysis of income statement