Question no1

Company Income statement

Financial summary

ICI balance sheet

Instructions: Use the company's financial statements and notes to the financial statements to answer the following questions. a. Explain the term receivables with the help of its types as per your selected company. b. Calculate the accounts receivable turnover and average collection period as per available data. Highlights the importance of receivable at selected time period given in financial statement c. What conclusions can you draw from the information in both parts. ICI Income Statement i Annual Quarterly Collapse All Period Ending 2020 30/06 2019 30/06 2018 30/06 2017 30/06 N Total Revenue 55256.47 41771.22 S. 59382.41 59382.41 49992.07 49992.07 Revenue 55256.47 41771.22 D Other Revenue, Total Cost of Revenue, Total 49637.4 41060.07 33755.44 Gross Profit 8931.99 8015.78 44339.71 10916.76 49736.93 4858.26 9745.01 54438.98 45426.62 37584.8 4341.99 3940.51 3442.53 150.34 84.58 82.25 68.85 Total Operating Expenses Selling/General Admin. Expenses, Total Research & Development Depreciation / Amortization Interest Expense (Income) - Net Operating Unusual Expense (Income) Other Operating Expenses, Total Operating Income Interest Income (Expense), Net Non-Operating Gain (Loss) on Sale of Assets Other Net 36.76 388.61 375 307.03 317.98 5519.55 4943.44 4565.45 4186.42 -1619.98 -1171.49 -331.01 356.51 1.49 4.1 6.25 7.29 -408.54 -372.08 -307.05 -155.26 Net Income Before Taxes 3492.51 3403.96 3933.64 4394.96 1130.9 867.33 635.99 Provision for Income Taxes 1114.85 2361.62 2536.63 3297.65 Net Income After Taxes 3280.11 166.44 -11.41 -17.65 2.64 Minority Interest Equity In Affiliates US GAAP Adjustment Net Income Before Extraordinary Items 2528.06 2525.22 3280.01 3282.75 US GAAP Adjustment Net Income Before Extraordinary Items Total Extraordinary Items 2528.06 2525.22 328001 3282.75 Net Income 2528.06 2525.22 3280.01 3282.75 Total Adjustments to Net Income Income Available to Common Excluding Extraordinary Items Dilution Adjustment 2528.06 2525 22 3280.01 3282.75 Diluted Net Income 2528.06 2525.22 3280.01 3282.75 92.36 92.36 92.36 92.36 27.37 27.34 35.51 35 54 Diluted Weighted Average Shares Diluted EPS Excluding Extraordinary Items DPS - Common Stock Primary Issue Diluted Normalized EPS 16 9 16.5 18 27.36 27.31 35.79 35.48 In Millions of PKR (except for per share items) ICI Financial Summary U U For the three months ended 30 September 2020, ICIPakistan Limited revenues decreased less than 1% toPKR14.47B Net income increased 18% to PKR984.7M. Revenuesreflect Others segment increase of 36% to PKR275.1M, alsoreflect Polyester segment decrease of 6% to PKR5.48B, SodaAsh segment decrease of 5% to PKR3.85B, General Chemicalssegment decrease of 9% to PKR2B D sa Na SO ICI Balance Sheet i Annual Quarterly Collapse All Period Ending 2020 30/09 2020 30/06 2020 31/03 2019 31/12 Total Current Assets 18199.68 19372.04 21840.82 20345.83 Cash and Short Term Investments 401.94 549.56 755.57 766.68 401.94 549.56 755.57 766.68 6663.6 7130.36 8311.28 7045.95 2266.73 2386.12 3391.84 2407.93 11952.97 10591.09 11278.24 12148.72 543.05 413.88 625.25 580.23 Cash Cash & Equivalents Short Term Investments Total Receivables, Net Accounts Receivables - Trade, Net Total Inventory Prepaid Expenses Other Current Assets, Total Total Assets Property/PlantEquipment Total - Net Property/Plant/Equipment Total - Gross Accumulated Depreciation. Total Goodwill, Net Intangibles Net Long Term Investments Note Receivable - Long Term Other Long Term Assets Total Other Assets Total 46970135 48385 5114168 50297.95 25260.59 2563108 25909.16 26418.31 25281.73 25715.63 25939.69 26436.47 F -2 1.14 -84.55 -30.53 -18.16 206.37 206.37 206.37 206.37 1494.94 1498.06 1494 35 1484.53 1212 33 1109 29 1120.83 1264.22 558.5 530.12 5243 531.36 T 37.94 38.05 45.85 47.34 S Total Current Liabilities 13509.83 15296.92 18368.29 16505.96 8374.6 8638.94 9136.96 9138.67 235.65 297.75 345.37 445.12 2664.29 4898.67 7206.58 5218.32 2077.37 1373.23 1590.85 1621.68 157.91 88.32 88.53 82.15 0 0 0 0 0 0 0 25439.73 27377.31 30271.72 28787.58 8837.88 8969.04 8619.98 9094.75 8599.48 8715.45 8441.36 9916.1 238.39 253.59 178,62 178.66 1480.47 1562.42 163707 1286.45 1662.13 1516.17 1615.86 1431.25 Accounts Payable Payable/Accrued Accrued Expenses Notes Payable/Short Term Debt Current Port of LT Debt/Capital Leases Other Current liabilities, Total Total Liabilities Total Long Term Debt Long Term Debt Capital Lease Obligations Deferred Income Tax Minority Interest Other Liabilities, Total Total Equity Redeemable Preferred Stock, Total Preferred Stock - Non Redeemable, Net Common Stock, Total Additional Paid-In Capital Retained Earnings (Accumulated Deficit) Treasury Stock - Common ESOP Debt Guarantee Unrealized Gain (Loss) Other Equity, Total Total Liabilities & Shareholders' Equity Total Common Shares Outstanding Total Preferred Shares Outstanding 143.43 114.7 105.17 119.56 21530.62 21007.7 20869.96 21510.37 Rece 923.59 923.59 923.59 923.59 Name 19937.91 19410.99 ICI 19258.75 19757.32 669.12 673.12 687.62 706.96 122.5 Market 48385 50297.95 46970.35 92.36 51141.68 92.36 Most Ad 92.36 92,36 Name