HORIZONTAL ANALYSIS ON STATEMENT OF PROFIT OR LOSS:

2023 vs 2022 2022 vs 2021 2021 vs 2020

PERCENTAGE
Sales 31% 65% 51%
Cost of Sales 22% 59% 43%
Gross Profit 53% 83% 81%
Operating expenses 26% 64% 34%
Distribution Cost 3,952,564 3,382,031 2,007,264 2020ka
Administrative Exp 6,245,370 4,681,472 2,197,949
Other Operating Exp 2,721,284 2,143,370 504,513
Other Income 177% -64% 65%
Profit from operations 70% 98% 147%
Finance cost 122% 117% 1%
Profit before taxation 61% 95% 225%
Taxation 33% 83% 82%
Profit for the year 63% 96% 250%

HORIZONTAL ANALYSIS ON STATEMENT OF FINANCIAL POSITION

2023 VS 2022 2022 VS 2021 2021VS 2020

PERCENTAGE
Non-Current Assets
Property, plant, and equipment 69% 33% 15%
Intangible Asset 73% 9% 22%
Long term investments 0% 0% -100%
Long term loans -18% 24% 27%
Long term deposits -6% 44% 58%
Total non-current assets 68% 32% 7%

Current Assets
Stores and spares 33% 56% 13%
Stock in trade -15% 105% 28%
Trade debts 19% 90% 109%
Loan and advances 29% 58% 113%
Deposit, prepayment,
and other receivables -33% 213% 65%
Derivative financial instruments 100% - -
Accrued Income - 64% 114% -5%
Refunds due from Government
and statutory authorities 13% -2% 80%
Short term investments 0% 0% 300%
Deferred employee share option
compensation expense 0% 0% 0%
Cash and bank balances 1219% -69% 148%
Total current assets 8% 79% 67%
Total Assets 30% 59% 34%

Equity & Liabilities

Equity
Issued, subscribed, and paid up capital 56% 3% 0%
Reserves -11% -7% 0%
Unappropriated profit 53% 118% 68%
Total equity 46% 46%
19%

Non-current liabilities
Long term financing 7% 75%
20%
Lease liabilities -39% -39% 50%
Deferred liabilities 58% 32% 22%
Total non-current liabilities 20% 60%
21%

Current liabilities
Trade and other payables 32% 64% 83%
Unclaimed dividend 36% -25% 36%
Accrued mark up 160% 217% 16%
Short term borrowings | 20% 78% 37%
Derivative financial instruments -100% 185% 100%
Current portion of non-current liabilities 5% -24% 532%
Total current liabilities 24% 67% 56%
Total equity and liabilities 30% 59% 34%