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Hi, I have a question. I am doing a financial analsis. Below is consolidated income statement over five year of the company. I have to
Hi, I have a question. I am doing a financial analsis. Below is consolidated income statement over five year of the company. I have to find the reason for any growth and loss. Net income goes down in 2014. Is this because operating income from continuing operations goes down? Or due to increase of income tax? Also, I want to know why some year income tax increase. Please help me. Thanks.
2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |||
Sales | 1,731,894 | 1,459,874 | 1,393,997 | 1,463,753 | 1,007,064 | 1,256,164 | ||
Cost of sales | (296,820) | (270,887) | (305,065) | (337,073) | (285,251) | (342,655) | ||
Gross profit | 1,435,074 | 1,188,987 | 1,088,932 | 1,126,680 | 721,813 | 913,509 | ||
R&D expenses | (690,592) | (548,735) | (509,779) | (580,554) | (433,900) | (435,011) | ||
Marketing expenses | (339,274) | (316,806) | (305,735) | (284,965) | (279,957) | (304,941) | ||
Administrative and IT expenses | (144,649) | (122,538) | (117,296) | (100,051) | (83,269) | (81,360) | ||
Operating income from continuing operations | 260,559 | 200,908 | 156,122 | 161,110 | (75,313) | 92,197 | ||
Goodwill depreciation | 0 | 0 | 0 | 0 | 0 | 0 | ||
Other non-current operating income and expenses | (38,242) | (25,094) | (19,334) | (21,717) | (22,627) | (4,293) | ||
Operating income | 222,317 | 175,814 | 136,788 | 139,393 | (97,940) | 87,904 | ||
Interest on borrowings | (17,732) | (12,081) | (8,429) | (5,322) | (6,154) | (5,032) | ||
Income from cash | 1,823 | 1,265 | 989 | 556 | 369 | 403 | ||
Net borrowing cost | (15,909) | (10,816) | (7,440) | (4,766) | (5,785) | (4,629) | ||
Result from foreign-exchange operations | (5,747) | (2,288) | (5,168) | 1,159 | (1,143) | 709 | ||
Other financial expenses | (56) | (5,449) | (3,666) | (1,764) | (114) | (219) | ||
Other financial income | 8,312 | 2,348 | 2,548 | 6,083 | 17,376 | 8,138 | ||
Net financial income | (13,400) | (16,205) | (13,726) | 712 | 10,334 | 3,999 | ||
Share in profit of associates | (224) | (339) | 0 | 0 | 11 | |||
Total income tax | (69,241) | (51,457) | (29,654) | (53,094) | 22,081 | (27,083) | ||
Income for the period |
| 139,452 | 107,813 | 93,408 | 87,011 | (65,525) | 64,831 |
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