216, 217 of the Criminal Code of the Republic of Kazakhstan, and (or) are lost identity documents., we had got through all these 5 steps, and finally got a certificate of state registration of the legal entity, a certificate of the taxpayer and a statistical card. My supervisor was satisfied with the work which I had done., I was preparing a brief summary on subsidiaries annual report for 2013.My task was to choose most necessary and significant information from a large data stream. In order to write the summary, I made a calculation of various indicators and indexes, build an analytical table and diagrams using Microsoft Excel. more important task was a test for impairment of company s assets. I got a lot of theoretical material from my supervisor to understand what is it and how to make the test. So, I spent a lot of time learning the theory, which includes presentations, some lecture notes and real examples that were made in Microsoft Excel. Then, I helped my supervisor to calculate such indexes and ratios like ROA, ROE, WACC, Net operational income and other.
Samruk-Kazyna JSC
made the analysis of Samruk-Kazyna JSC in order to better understand company s activity and implement knowledge that were gained in the university on practice.
It should be noticed that I used consolidated financial statements of the Fund, in other words I used financial statements that combine the financial statements lt; # justify gt; In Kazakh Tenge2012Unit weight (in%) 2013Unit weight (in %) Revenue4.697.22599% 5.048.17699% Government grants27.8571% 28.9961% Cost of sales (3.390.245) - 72% (3.647.010) - 72% Gross profit1.334.83728% 1.430.16228% General and administrative expenses ( 343.669) - 7% (378.782) - 7% Transportation and selling expenses (377.334) - 8% (347.457) - 7% Bargain purchase gain on acquisition4.8230% 23.9160% Impairment loss (219.448) - 5% (232.664) - 5 % Other operating income31.4891% 37.1331% Other operating expenses0% 0% Operating profit436.3429% 526.66410% Finance costs (208.751) - 4% (230.746) - 5% Finance income55.7711% 83.9022% Share of income in associates and joint ventures540.51311% 546.34211% Net foreign exchange (loss)/gain (22.251) 0% (36.189) - 1% Profit before income tax801.62417% 889.97318% Income tax expenses (243.789) - 5% (277.244) - 5% Profit for the year from continuing operations557.83512% 612.72912% Profit from discontinued operations580.06312% (172.972) - 3% Profit for the year1.137.89824% 439.7579%
According to the table above, (Table №1. Data from Consolidated Statement of comprehensive income with the unit weight) all indicators are approximately the same during this period; that shows an economic stability of the company. , To look at the performance of the Fund in 2013 as compared with 2012 we will use following ratios:
Name Unit of measure 2013 2012 Deviation (+/-) Change in% Operating profit ratio% 9.4 8.5 12 січня Gross profit ratio% 28.2 28.3 0 0
The first ration that is called operating profit ratio indicates the profitability of current operations. But this ratio does not take into account the company's capital and tax structure. We can calculate it in a following way: profit margin=operating income/net salesOperating income=earnings before tax and interest from continuing operations. The operating profit ratio shows improvement in profitability of companies in the Fund s group.second one is gross profit ratio is a profitability ratio that shows the relationship between gross profit and total net sales revenue. So, we use the formula: profit ration=Gross profit/Net salesthe level of gross profit ratio at the level of 2012 shows the stability of the company management s ability to manage the production costs., To analyze assets productivity in the Fund s we need to build following table:
Name Unit of measure 2013 2012 Deviation (+/-) Change in% Return on assets (ROA) 2.9 7.9 - 5 - 64 Capital productivity 0.8 0.9 0 - 9 Fixed assets turnover, exploration and evaluation assets 0.8 0.8 0 - 9 Fixed assets depreciation ratio% 4.8 5.1 0 - 5 Time of assets turnover Days 119.6 118.6 1 січня Time of fixed assets turnover Days 286.5 313.9 - 27 - 9 Floating capital - 3.2 0.0 - 3 - Current liquidity ratio 1.7 1.5 0 14 Quick asset ratio 1.6 1.4 0 13 Absolute liquidity ratio 1.1 1.1 0 3
So now we can conclude that the assets productivity has decreased mainly due to the reduction in the net income by 62% as a result of the recognition in 2012 of income from debt restructuring of BTA Bank JSC, income from the sale of GSM Kazakhstan OJSC Kazakhtelecom LLP and accrual in the accounting period of losses from adjustments to fair value of the net assets of BTA Bank JSC, on Temirbank JSC, as well as reduction of the return on assets ratio, capital productivit...
