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ANALYSIS OF THE FINANCIAL STATEMENTS OF UNITED BREWERIES

ANALYSIS OF THE FINANCIAL STATEMENTS OF UNITED BREWERIES. PRESENTED BY - AVINASH KAKATI DEBOPRATIM BORAH PUNEET CHOUDHURY RADHAKANTA NAIK SWEETY AGARWALLA VAISHALI GOSWAMI. UNITED BREWERIES GROUP OR UB GROUP

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ANALYSIS OF THE FINANCIAL STATEMENTS OF UNITED BREWERIES

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  1. ANALYSIS OF THE FINANCIAL STATEMENTS OF UNITED BREWERIES • PRESENTED BY - • AVINASH KAKATI • DEBOPRATIM BORAH • PUNEET CHOUDHURY • RADHAKANTA NAIK • SWEETY AGARWALLA • VAISHALI GOSWAMI

  2. UNITED BREWERIES GROUP OR UB GROUP • conglomerate of different companies with a major focus on the brewery (beer) and alcoholic beverages industry. • It is owned by Dr. Vijay Mallya. • The company markets beer under the Kingfisher brand. • United Breweries is India's largest producer of beer with a market share of around 48% by volume. • United Breweries now has greater than a 40% share of the Indian brewing market with 79 distilleries and bottling units across the world.

  3. ACCOUNTING POLICY ACCOUNTING POLICY • Basis of Presentation of Financial Statements • Use of Estimates • Revenue Recognition • Borrowing Costs • Fixed Assets • Investments • Inventories

  4. ACCOUNTING POLICY contd. • Foreign Currency Transactions • Depreciation and Amortisation • Employee Retirement benefits • Taxation • Earnings per share • Impairment of Assets • Provisions, Contingent Liabilities and Contingent Assets

  5. BALANCE SHEET

  6. BALANCE SHEET OF UNITED BREWERIES OF 2008, 09, 10 (Rs. In Crores)

  7. BALANCE SHEET(contd.) (Rs. In Crores)

  8. PROFIT & LOSS ACCOUNT

  9. PROFIT & LOSS ACCOUNT(In Crores)

  10. PROFIT & LOSS ACCOUNT (Contd.)

  11. CASH FLOW(In Crores)

  12. RATIO ANALYSIS

  13. EXPLANATION OF FINANCIAL RATIOS • Current ratio Computation= Current assets, loans and advances + short-term investments Current liabilities + Provisions + Short-term Debt • Quick ratio Computation= Current assets, loans and advances – Inventories + short-term investments Current liabilities + Provisions + Short-term Debt Net of working capital limits

  14. CURRENT RATIO: QUICK RATIO:

  15. Debtequity  Computation= Long-term Debt Total Net Worth (Equity Shareholders Funds) + Preference Capital • Interest Cover  Computation = PAT + Interest on Long-term debt + Non-cash Charges Interest on long-term debt

  16. DEBT-EQUITY RATIO: • INTEREST COVER:

  17. Return on Net Worth Computation= (PAT – Preference Dividend) x 100 Equity shareholder’s funds or Net Worth (equity capital + reserves & surplus - miscellaneous expenditure not written off) • Return on Capital Employed

  18. RETURN ON NET WORTH: ROCE

  19. EARNINGS PER SHARE Computation = PAT – preference dividend Weighted number of equity shares outstanding

  20. HORIZONTAL ANALYSIS OF UNITED BREWERIES • Balance Sheet • Base Year 2007 • Total assets / liabilities up by 9.93% in 2008 from the base year, 64.24% in 2009 and 77.12% increase in 2010 from the base year. • Net Worth up by 9.62% in 2008 from the base year, 93.95% in 2009 from the base year and 107.98% in 2010 as against lower growth in loan fund of 29.44% in 2009 from the base year and 40.99% in 2010. • Net fixed assets (net block) up by 35.47% in 2008 from the base year, 68.74% in 2009 from the base year and 88.82% in 2010 from the base year. Utilization of fixed assets is not very efficient. • Inventories up by 4.06% in 2008 from the base year, 45.11% in 2009 from the base year and 74.46% in 2010 from the base year. As against increase in net sales by 30.99% in 2008, 61.70 % in 2009 from the base year and 89.85% in 2010 from the base year. Thus we can say that inventory management is somewhat efficient. • Current liabilities up by 13.66% in 2008 from the base year, 7.63% in 2009 from the base year and 64.15% in 2010 from the base year. Growth of current liabilities is lower than rise in raw materials cost. Maybe the company is paying its suppliers faster to avail cash discounts. • Strong financial position as the company has huge reserves.

  21. Profit And Loss Account Base year 2007 • Net sales: 30.99% increase in 2008, 61.70 % increase in 2009 from the base year and 89.85% increase in 2010 from the base year. • Employee cost: 15.88% increase in 2008, 30.29% increase in 2009 from the base year and 48.02% increase in 2010 from the base year. • Selling & Administration Costs: 35.11% increase in 2008, 72.14% increase in 2009 from the base year and 121.82% increase in 2010 from the base year. • Total Expenses: 30.28% increase in 2008, 61.44% increase in 2009 from the base year and 93.90% increase in 2010 from the base year. • Raw Material Cost: 32.61% increase in 2008, 69.35% increase in 2009 from the base year and 99.66% increase in 2010 from the base year. • Interest: 49.18 % increase in 2008, 170.51% increase in 2009 from the base year and 98.36% increase in 2010 from the base year. • Depreciation: 58.87% increase in 2008, 97.77% increase in 2009 from the base year and 129.03% increase in 2010 from the base year. • Other Income: -3.89% increase in 2008, 45.64% increase in 2009 from the base year and 266.23% increase in 2010 from the base year.

  22. Profit And Loss Account (CONTD.) • Operating Profit: 24.27% increase in 2008, 56.35% increase in 2009 from the base year and 55.61% increase in 2010 from the base year. • PBDIT: 20.92% increase in 2008, 55.08% increase in 2009 from the base year and 80.64% increase in 2010 from the base year. • PBDT: 14.94% increase in 2008, 30.66% increase in 2009 from the base year and 76.89% increase in 2010 from the base year. • Reported Net Profit: -4.03% increase in 2008, -3.99% increase in 2009 from the base year and 48.98% increase in 2010 from the base year.

  23. comparative growth in net sales, raw material cost & employee cost over the years.

  24. ComparisioNof net worth and loan fund

  25. CompArision of inventories and net worth

  26. THE KING OF GOOD TIMES • THANK YOU

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