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Comparative Income Statement Analysis
Comparative Income Statement Analysis
In 2008 09 Net Sales, Materials, Depriciation and write downs, Net Operating Profit, Other Income, Net Operating Expenses, Income Tax Paid, and Profit After Tax, Profit Before Interest and Tax, Interest, and Profit Before Tax decreased. Whereas, Other Expenses, Expenditure incurred for Voluntary Retirement of employees, Valuation losses of derivative hedging instruments increased. The main reason for the decrease is due to the recession. The price of petroleum products increased heavily and many lost their jobs. In this scenario, it was obvious that net sales were hit down. Since, it was only second year for the company so Expenditure incurred for Voluntary Retirement of employees, Valuation losses of derivative hedging instruments increased. In 2009 2010, everything increased except interest. The main reason for this increase was due to the recovery from the recession and increase in demand for the two wheelers.