Division

Memo
To : xxx
CC : yyy
From : zzz
Date : 6-Mar-17
Re : YTD Feb-17 DIVISION

Dear Mr.xxx,

The top line for YTD Feb-17 is Lower than budget by xxx Million. The gross margin achieved for YTD Feb-17 is Higher
than budget by xxx Million, GM% earned is Higher than budget by xxx%. Net Profit achieved is Higher than budget by
xxx Million

Following is the YTD Feb-17 detailed performance review for DIVISION business Vs Budget:
(AED : in 000s)

Feb-17 YTD Budget Variance YTD

Particulars Feb-17 YTD Feb-17 YTD Feb-16
BUDGET 2017 2017

Turnover 100 120 200 240 (40) 80

Gross Margin 50 60 100 120 (20) 40
Net Profit / (Loss) 20 40 40 80 (40) 20
Gross Margin % 50% 50% 50% 50% 0.00% 50%
Net Profit / (Loss) % 20% 33% 20% 33% -13.33% 25%

Deviation in Turnover:

Deviation in Margin:

Summary of Quarterly performance is as below:

(AED : in 000s)
Q1 Forecast Q2 Forecast Q3 Forecast Q4 Forecast 2017 Forecast 2017 Budget
Particulars
Turnover 100 200 300 400 1,000 1,200
Gross Margin 50 100 150 200 500 600
Net Profit / (Loss) 20 40 60 80 200 240
Gross Margin % 50% 50% 50% 50% 50% 50%
Net Profit / (Loss) % 20% 20% 20% 20% 20% 20%
Working Capital
Working Capital is higher by xxx Million (Actual xxx Million Vs Target xxx Million)

Receivable –

The 30 days overdue balance has improved by xx Million

6 months old overdue balance is as follows :

Inventory

Aged inventory position has been detoriated by xxx mainly due to following reason:

Sincerely,
zzz