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Dear expert please Have a short review of income statement of current and previous year? Including both revenues and expenses? How is the company situation
Dear expert please Have a short review of income statement of current and previous year? Including both revenues and expenses? How is the company situation based on the items mentioned here. Analyze items for justification of your answers.
STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED DECEMBER 31, 2020 (Rupees in 000) Note 2020 2019 Revenue from contracts with customers Cost of goods sold Gross profit 26 27 118,781,274 (84,016,549) 34,764,725 115,962,473 (82,613,501) 33,348,972 Distribution and selling expenses Administration expenses Operating profit 28 28 29 (14,256,719) (4,447,506) 16,060,500 (14,656,501) (3,667,718) 15,024,753 Finance cost Other expenses 30 31 (2,805,015) (1,019,221) (3,824,236) (3,187,695) (1,390,138) (4,577,833) 32 Other income Profit before taxation 354,830 12,591,094 268,790 10,715,710 Taxation 33 (3,706,499) (3,361,243) Profit after taxation 8,884,595 7,354,467 Earnings per share basic and diluted (Rupees) 34 195.91 162.17Step by Step Solution
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