Calculate the following ratios
a. Gross profit ration
b. Net Profit ratio

PAGE 6 PACKAGING COMPANY LIMITED SAOG STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31ST DECEMBER 2020. Note 2020 2019 14 REVENUE Cost of sales 15 GROSS PROFIT Other operating income 16 Depreciation Allowance for expected credit losses 17 General and administration expenses 18 Selling and distribution expenses 19 PROFIT FROM OPERATING ACTIVITIES Finance costs 21 NET PROFIT FOR THE YEAR BEFORE TAX Income tax expense for current year 22 b) NET PROFIT FOR THE YEAR AFTER TAX Other comprehensive income: Items that will not be reclassified subsequently to profit or loss: (net of tax) Loss on revaluation of freehold land 3 Deferred tax release on revaluation decrease 22 d) Other comprehensive income/(loss) for the year TOTAL COMPREHENSIVE INCOME/(LOSS) FOR THE YEAR Basic earnings per share 23 The accompanying notes form an integral part of these financial statements. The report of the independent auditor is set forth on pages 1 to 4. For PACKAGING COMPANY LIMITED SAOG CHAIRMAN DIRECTOR 3 RO. 8,886,709 (7,644,631) 1,242,078 351,700 (10,416) (36,779) (611,333) (412,357) 522,893 (141,730) 381,163 (57,399) 323,764 323,764 0.108 RO. 9,743,043 (8,414,758) 1,328,285 122,808 (15,078) (15,000) (609,444) (425,189) 386,382 (190,028) 196,354 (29,625) 166,729 (200,000) 12,637 (187,363) (20,634) 0.056