The statements of Profit & Loss Account and Financial Position of Lucky Cement for the year ended 2020 has been provided below: Analyze the efficiency of Lucky Cement by comparing the total assets turnover and inventory turnover ratios for the years 2019 and 2020.
CONSOLIDATED STATEMENT OF FINANCIAL POSITION as at June 30, 2020 Note 2020 2019 (PKR in '000') ASSETS NON-CURRENT ASSETS Fred assets Property, plant and equipment Intangible assets Right-of-use-assets 6 7 8 135,475,796 7,653,720 190,788,960 7,341.737 318.279 198,448,976 143,129,516 Long-term investments Long-term loans and advances Long-term deposits and prepayments 9 10 11 23,970,762 617.130 46,672 223,063,540 18,554,210 551,354 51,076 162,286,156 CURRENT ASSETS Stores, spares and consumables Stock-in-trade Trade debts Loans and advances Trade deposits and short-term prepayments Other receivables Tax refund due from the Government Taxation receivable Accrued return Short term investments Cash and bank balances 12 13 14 15 16 17 18 8,165,751 21,292,185 5,834,590 1,636,587 1,000,279 9,202,663 538,812 2,335,223 94,208 2,970,999 15,731,810 68,803,107 291,886,647 8.193,401 18,299,229 4,506,466 1,997,339 2,092,112 6,935,242 538,812 2,687,513 156,948 1,055,754 18,270,313 64,735,131 227,021,287 422 19 TOTAL ASSETS EQUITY AND LIABILITIES SHARE CAPITAL AND RESERVES Share capital Reserves Attributable to the owners of the Holding Company Non-controlling interest Total equity 20 21 3,233,750 110,543,591 113,777,341 17,709,710 131,487,051 3,233,750 105,787,478 109,021,228 16,249,228 125,270,456 NON-CURRENT LIABILITIES Long-term finance Long-term deposits Leases Deferred liabilities Other long term liabilities 22 23 8 24 32,771,993 90.264 82,524,140 357,855 253,591 11.133,530 5,3374 99,600,890 11,431,338 5,078,003 49,371,598 22 25 CURRENT LIABILITIES Current portion of long-term finance Trade and other payables Provision for taxation Accrued return Short-term borrowings and running finance Current portion of leases Unclaimed dividend Unpaid dividend 2,637,451 42,536,979 1,792,626 848,931 0,116 79.256 55,767 17,580 60,798,706 160,399,596 1,694,503 36,069,184 1,699,742 619,500 61,232 26 8 47.3 53,953 91,1191 52.379,233 101.750,831 27 CONTINGENCIES AND COMMITMENTS TOTAL EQUITY AND LIABILITIES 291,886,647 227.021,287 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the year ended June 30, 2020 Note 2020 2019 (PKR in '000) 29.1 Revenue Less: Sales tax and excise duty Rebates and commission 162,868.206 32,210,557 6,890,060 39,100.617 123,767.589 (104,810,654) 18,956,935 136,591,742 22,304,398 5,991,699 28,296,097 108,295,645 (84,506,680) 23,788,965 30 Cost of sales Gross profit Distribution cost Administrative expenses Finance cost Other expenses Other income Share of profit - joint ventures and associates Profit before taxation Taxation - Current - deferred 31 32 33 34 35 (7,648,737) (4.221.555) (2,367,101) (1,203,342) 2.376.253 5,892,453 3,038,446 8,930.899 (5,855,390) (3,274,843) (1,609,882) (1,903,511) 2.999,637 14,144,976 1,012,870 15,157,846 9.7 36 12,113,459) 499.767 (1,613,692) 7,317.207 (2.234.744) (576,147) (2,810.891) 12,346,955 Profit after taxation
