Accounting Information System

Heidelberg

Analysis of Income Statement for the year 2012 and 2013

The presentation of Income Statement is as per the requirements of IAS (International Accounting Standards), the presentation income statement is multiple-step (condensed) format and the key elements of the income statement is provided in disclosures section as notes as per IAS requirements. As per IAS presentation of financial statements, no item of income and expense are to be presented as extraordinary gain or loss in the financial statements. Accordingly, No extraordinary gain or loss has been recognized in the financial statements. The financial year ends at 31 December. [ANNEXURE-1 page-67]

The main source of Revenues: [Note-23 IAS 18.14 page-94]

• Domestic Sales
• Export Sales

For the both year the main source of revenues are domestic and export sales, in 2012 the total net sales was 10,855,154,000 taka but it was 9,956,635,000 taka due to fall in domestic sales. The gross was 2,083,156000 taka in 2012 and it was 2,307,864,000 taka. As we can see the gross profit increased in 2013 compared to 2012 due to a fall in cost of goods sold in 2013. The disclosures of cost of goods sold is provided in [Note-24 IAS 1.99 page-94-95].

Items of expenses:

• Warehousing expenses [Note-26 IAS 1.99 page-96]
• Distribution expenses [Note-26 IAS 1.99 page-96]
• Selling expenses [Note-26 IAS 1.99 page-96]
• Administrative expenses [Note-27 IAS 1.99 page-96 & 97]

Warehousing, Distribution, Selling expenses are 176,831,000 taka and administrative expenses are 378,462,000 taka in 2012 and in 2013 it was 212,118,000 taka and 455,094,000 taka respectively. So, the total expenses in 2013 has increased compared to 2012 due to a increase in administrative expenses in 2013.

The items of other operating income: [Note-25 IAS 1.97 page-96]

• Berth hire charge                        
• Scrap sales and sundry recoveries

The other operating income in 2012 was 28,711,000 taka and in 2013 it was 24,151,000 taka, therefore other operating income has decreased in 2013. Compared to 2012.