Submitted by: Submitted by romaan
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Category: Business and Industry
Date Submitted: 04/29/2012 05:55 AM
FINANCIAL MANAGEMENT
ASSIGNMENT
Analysis Of Financial Statement
Organization EXIDE
Submitted by:
M. Romaan Qamar (1046101)
MBA-Day(A)
Submitted to:
Mr. Imran Qamar
1. HORIZONTAL ANALYSIS
Horizontal Analysis of Balance Sheet:
Balance Sheet | 2011In thousand | 2010In thousand | Horizontal Analysis |
Cash | 567,426 | 286,206 | 98% |
Short Term Investments | 317,367 | 203,098 | 56% |
Accounts Receivable | 36,358 | 19,563 | 86% |
Inventory | 1,856,140 | 1,457,671 | 27% |
Current Assets | 2,959,417 | 2,107,704 | 40% |
Long Term Investments | 1,051,084 | 796,908 | 32% |
Net Fixed Assets | 1,027,910 | 776,542 | 32% |
Total Assets | 4,010,501 | 2,904,612 | 38% |
Current Liabilities | 2,366,350 | 1,710,480 | 38% |
Total Liabilities | 2,412,097 | 1,754,611 | 37% |
Total Stockholders' Equity | 1,148,488 | 900,499 | 28% |
Note: values in the table are taken directly from annual report of Exide of 2011.
Comments:
Increase in cash holding increases by 98% between 2011 and 2010. The reason behind this increase is increase in the cheques in hand, cash in hand and current account amount. Cheque in hand amount increase by 102% and current account increase by 97% and cash in hand increased by 45%. The short term investment increases by 56%. Account receivable increase by 86%. Inventory increase by 27%. The company is very stable with respect to asset to liabilities. Company is increasing its asset at sustainable pace. Thought company current assets are increasing which does not show a company internal position but its fixed assets are increasing as compared to total liabilities.
Horizontal Analysis of Profit and Loss Statement:
Income Statement | 2011In thousand | 2010In thousand | Horizontal Analysis |
Revenue | 7,711,452 | 6,189,135 | 25% |
Cost of Goods Sold | -6,643,630 | -5,413,928 | 23% |
Interest...