Hori

Statement of Profit or Loss and Other Comprehensive Incom

2020 As
2020 %
Revenue 37,866,215 101
Cost of sales - 25,647,194 105
Gross Profit 12,219,021 93
Other Operating Expenses - 56,654 125
Marketing, Slling and Distribution Expenses - 5,129,361 88
Administrative Expenses - 2,536,100 110
Profit from Operating Activities 4,496,906 92
Finance Income 39,170 130
Finance Expenses - 272,155 148
Net Finance Expenses - 232,985 152
Profit Before Taxation 4,263,921 90
Income Tax Expense - 1,317,038 120
Profit for the Year 2,946,883 81
Other Comprehensive Income - Net of Tax
Actuarial Gain/(Loss) - 81,007 1,361
Items that will be subsequently reclassified to Profit or Loss
Gain/(Loss) on Cash Flow Hedges - 4,210
- 85,217
Total Comprehensive Income - Net of Tax 2,861,666 79

State
2020 As %
ASSETS
Non -Current Assets
Property, Plant and Equipment 8,396,939 156
Capital Work - In Progress 523,837 21
Other Non - Current Assets 349,027 109
9,269,803 113

Current Assets
Inventories 4,947,795 172
Trade and Other Receivables 2,045,837 56
Amounts Due from Related Paties 440,332 58
Cash and Cash Equivalents 2,507,912 1,949
Total Current Assets 9,941,876 134
Total Assets 19,211,679 123
Equity and Liabilities
Equity
Stated Capital 537,255 100
Retained Earnings and Reserves 5,396,528 127
5,933,783 124
Non - Current Liabilities
Retirement Benefit Obligations 439,120 97
Deferred Tax Liabilities 1,036,119 123
Non - Current Provisions 524,089 276
Non - Current Financial Liabilities 84,460 710
2,083,788 139
Current Liabilities
Trade and Other Payables 6,225,296 131
Amounts Due to Related Parties 1,893,087 155
Current Tax Payable 935,197 177
Dividends Payable 86,772 52
Current Financial Liabilities 2,053,756 79
11,194,108 121
Total Liabilities 13,277,896 123
Total Equity and Liabilities 19,211,679 123
 Horizontal Analysis

Nestle Lanka PLC

and Other Comprehensive Income
2019 2018 2017
2019 As % 2018 As % 2017 As %
36,355,084 97 37,336,943 99 37,601,472 100
- 24,414,015 100 - 23,486,542 96 - 24,525,485 100
11,941,069 91 13,850,401 106 13,075,987 100
- 135,961 300 - 134,510 297 - 45,336 100
- 5,223,296 90 - 6,085,584 104 - 5,827,929 100
- 2,492,941 108 - 2,482,926 107 - 2,314,740 100
4,088,871 84 5,147,381 105 4,887,982 100
36,963 123 45,606 152 30,050 100
- 355,940 194 - 251,530 137 - 183,360 100
- 318,977 208 - 205,924 134 - 153,310 100
3,769,894 80 4,941,457 104 4,734,672 100
- 1,203,911 110 - 1,455,656 132 - 1,098,831 100
2,565,983 71 3,485,801 96 3,635,841 100

- 8,568 144 34,783 -584 - 5,954 100

3,312 - 189
- 5,256
2,560,727 71 3,520,395 97 3,629,887 100

Nestle Lanka PLC

Statement of Financial Position
2019 As % 2018 As % 2017 As %

9,012,305 168 9,210,242 172 5,365,507 100

377,235 15 673,117 27 2,485,503 100
366,115 115 353,884 111 319,211 100
9,755,655 119 10,237,243 125 8,170,221 100

3,486,130 121 2,987,844 104 2,869,614 100

2,686,713 74 3,361,854 92 3,646,578 100
434,476 57 854,134 112 761,444 100
 507,585 394 217,731 169 128,678 100
7,114,904 96 7,421,563 100 7,406,314 100
16,870,559 108 17,658,806 113 15,576,535 100

537,255 100 537,255 100 537,255 100

4,972,354 117 5,097,901 120 4,263,780 100
5,509,609 115 5,635,156 117 4,801,035 100

368,940 81 390,700 86 454,190 100

997,439 119 1,000,725 119 839,404 100
421,434 222 289,459 152 190,220 100
1,984,029 16681 2,007,954 16882 11,894 100
3,771,842 252 3,688,838 247 1,495,708 100

4,951,225 104 4,634,844 97 4,770,211 100

805,046 66 1,312,575 108 1,220,045 100
652,508 123 681,215 129 529,404 100
192,752 115 182,004 108 167,932 100
987,577 38 1,524,174 59 2,592,200 100
7,589,108 82 8,334,812 90 9,279,792 100
11,360,950 105 12,023,650 112 10,775,500 100
16,870,559 108 17,658,806 113 15,576,535 100
 Statement of Profit or Loss and

2020 As % 2019
Revenue 3,652,268,411 122 3,626,418,360
Cost of sales - 2,928,452,487 122 - 2,926,008,645
Gross profit 723,815,924 122 700,409,715
Other income 46,657,542 43 101,976,334
Distribution expenses - 240,669,403 95 - 244,763,588
Administrative expenses - 315,199,238 146 - 271,522,157
Operating profit 214,604,825 91 286,100,304
Finance income 32,990,439 30,902,251
Finance expenses - 1,447,979 - 7,234,115
Net Finance Expenses 31,542,460 -390 23,668,136
Profit before tax 246,147,285 108 309,768,440
Income tax expense - 93,564,538 230 - 59,838,063
Profit for the year 152,582,747 82 249,930,377

Harischandra

2020 As % 2019
ASSETS
Non -Current Assets
Property, Plant and Equipment 921,502,755 118.92 810,219,979
Intangible assets 1,387,376 40.66 1,532,058
Right of use assets 6,466,727 16.55
Investment in subsidiary 70 100.00 70
Total Non Current Assets 929,356,928 113.70 811,752,107
Current Assets
Inventories 310,185,346 200.57 188,847,495
Trade and Other Receivables 371,438,404 103.08 418,463,281
Investment in unit trusts 5,751,000 5,379,000
Investment in Fixed deposits/Tax 239,565,685 3,551.08 -
Cash and Cash Equivalents 73,159,225 27.92 295,985,158
Total Current Assets 1,000,099,660 127.59 908,674,934
Total Assets 1,929,456,588 120.50 1,720,427,041
Equity and Liabilities
Equity
Stated Capital 105,578,000 1,100.00 105,578,000
Retained Earnings and Reserves 1,297,887,471 121.63 1,242,966,929
1,403,465,471 130.35 1,348,544,929
Non - Current Liabilities
Retirement Benefit Obligations 109,246,500 155.65 95,384,457
Deferred Tax Liabilities 41,818,461 101.29 41,250,533
Non - Current Provisions -
Non - Current Financial Liabilit 440,479
151,505,440 81.08 136,634,990
Current Liabilities
Trade and Other Payables 238,918,415 154.46 190,588,247
Lease creditor 155,027
Current tax liabilities 6,871,951 16,126,097
Bank overdraft 128,540,284 121.37 28,532,778
Related Party payables -
374,485,677 110.93 235,247,122
Total Liabilities 525,991,117 100.29 371,882,112
Total Equity and Liabilities 1,929,456,588 120.50 1,720,427,041
 Horizontal Analysis

Harischandra Mills PLC

Statement of Profit or Loss and Other Comprehensive Income

As % 2018 As % 2017 As %
121 3,178,556,180 106 3,003,823,937 100
121 - 2,500,247,980 104 - 2,408,376,249 100
118 678,308,200 114 595,447,688 100
94 90,233,611 83 108,211,124 100
97 - 264,028,563 105 - 252,063,808 100
126 - 245,702,181 114 - 216,203,557 100
122 258,811,067 110 235,391,447 100

-293 1,365,012 -17 - 8,082,221 100

136 260,176,079 114 227,309,226 100
147 - 70,126,562 172 - 40,689,754 100
134 190,049,517 102 186,619,472 100

Harischandra Mills PLC

Statement of Financial Position
As % 2018 As % 2017 As %

105 787,305,302 102 774,871,464 100

45 2,262,277 66 3,411,945 100
0 39,876,300 102 39,064,885 100
100 70 100 70 100
99 829,443,949 101 817,348,364 100

122 190,453,727 123 154,653,480 100

116 423,157,504 117 360,352,034 100
-
 0 6,746,271 100
113 255,340,499 97 262,066,923 100
116 868,951,730 111 783,818,708 100
107 1,698,395,679 106 1,601,167,072 100

1100 105,578,000 1100 9,598,000 100

116 1,076,895,311 101 1,067,116,576 100
125 1,182,473,311 110 1,076,714,576 100

136 87,999,722 125 70,186,876 100

100 50,403,473 122 41,284,188 100
0 4,257,289 6 75,395,542 100

73 142,660,484 76 186,866,606 100

123 238,959,075 154 154,677,633 100

28,646,616 -
27 28,656,193 27 105,908,257 100
0 77,000,000 100 77,000,000 100
70 373,261,884 111 337,585,890 100
71 515,922,368 98 524,452,496 100
107 1,698,395,679 106 1,601,167,072 100
Vertical Analysis- Nestle PLC

Statement of Profit or Loss and Other Comprensive Income

2020 2019 2018

Revenue 37,866,215.00 36,355,084.00 37,336,943.00
Cost of Sales - 25,647,194.00 - 23,852,382.00 - 23,486,542.00
Gross Profit 12,219,021.00 12,502,702.00 13,850,401.00
Other Operating Expenses - 56,654.00 - 148,756.00 - 134,510.00
Marketing Selling And Distribution Expenses - 5,129,361.00 - 5,651,314.00 - 6,085,584.00
Administration Expenses - 2,536,100.00 - 2,613,761.00 - 2,482,926.00
Result from Operating Activities 4,496,906.00 4,088,871.00 5,147,381.00
Finance Income 39,170.00 36,963.00 45,606.00
Finance Expenses - 272,155.00 - 355,940.00 - 251,530.00
Net Finance Expenses - 232,985.00 - 318,977.00 - 205,924.00
Profit befotr Taxation 4,263,921.00 3,769,894.00 4,941,457.00
Income Tax Expenses - 1,317,038.00 - 1,203,911.00 - 1,455,656.00
Profit for the Year 2,946,883.00 2,565,983.00 3,485,801.00

Vertical Analysis- Harischandra Mills PLC

Statement of Profit or Loss and Other Comprensive Income
2020 2019 2018
Revenue 3,652,268,411.00 3,626,418,360.00 3,178,556,180.00
Cost of Sales - 2,928,452,487.00 - 2,926,008,645.00 - 2,500,247,980.00
Gross Profit 723,815,924.00 700,409,715.00 678,308,200.00
Other Income 46,657,542.00 101,976,334.00 90,233,611.00
Distribution Expenses - 240,669,403.00 - 244,763,588.00 - 264,028,563.00
Administrastion Expenses - 315,199,238.00 - 271,522,157.00 - 245,702,181.00
Operating Profit 214,604,825.00 286,100,304.00 258,811,067.00
Net Finance Income/Expenses 31,542,460.00 23,668,136.00 1,365,012.00
Profit before Income Tax Expenses 246,147,285.00 309,768,440.00 260,176,079.00
Income Tax Expenses - 93,564,538.00 - 59,838,063.00 - 70,126,562.00
Profit For the Year 152,582,747.00 249,930,377.00 190,049,517.00

Vertical Analysis- Nestle PLC

Statement of Financial Position

Assets 2020 2019 2018

Non-Current Assets
Property Plant and Equipment 8,396,939.00 9,012,305.00 9,210,242.00
Capital Work-In- Progress 523,837.00 377,235.00 673,117.00
Other Non- Current Assets 349,027.00 36,615.00 353,884.00

Current Assets
Inventories 4,947,795.00 3,486,130.00 2,987,844.00
Trade and Other Receivables 2,045,837.00 2,686,713.00 3,361,854.00
Amount Due From Related Parties 440,332.00 434,476.00 854,134.00
Cash and Cash Equivalents 2,507,912.00 507,585.00 217,731.00

Total Assets 19,211,679.00 16,870,559.00 17,658,806.00

Equity and Liabilities

Equity
Stated Capital 537,255.00 537,255.00 537,255.00
Retained Earnings and Reserves 5,396,528.00 4,972,354.00 5,097,901.00

Non Current Liabilitiues

Retirement Benefit Obligation 439,120.00 368,940.00 390,700.00
Deferred Tax Liabilities 1,036,119.00 997,439.00 1,000,725.00
Non Current Provisions 524,089.00 421,434.00 289,459.00
Non Current Financial Liabilities 84,460.00 1,984,029.00 2,007,954.00
Current Liabilities
Trade and Other Paybles 6,225,296.00 4,951,225.00 4,634,844.00
Amount Due to Related Parties 1,893,087.00 805,046.00 1,312,575.00
Current Tax Paybles 935,197.00 652,508.00 681,215.00
Dividend Paybles 86,772.00 192,752.00 182,004.00
Current Financial Liabilities 2,053,756.00 987,577.00 1,524,174.00

Total Liabilities 13,277,896.00 11,360,950.00 12,023,650.00

Total Equity and Liabilities 19,211,679.00 16,870,559.00 17,658,806.00

Vertical Analysis- Harischandra Mills PLC

Statement of Financial Position

2020 2019 2018
Assets
Non Current Assets
Property Plant and Equipment 921,502,755.00 810,219,979.00 787,305,302.00
Intangible Assets 1,387,376.00 1,532,058.00 2,262,277.00
Investment in Subsidiary 6,466,727.00 70.00 70.00
Available foe sale Investments 70.00 39,876,300.00
Total Non Current Assets 929,356,928.00 811,752,107.00 829,443,949.00

Current Assets
Inventories 310,185,346.00 188,847,495.00 190,453,727.00
Trade and Other Receivables 371,438,404.00 418,463,281.00 423,157,504.00
Tax Recovarable
Investment unit Trust 5,751,000.00 5,379,000.00
Investment in Fixed Deposit 239,565,685.00 221,143,528.00
Cash and Cash Equivalents 73,159,225.00 74,841,630.00 255,340,499.00
Total Current Assets 1,000,099,660.00 908,674,934.00 868,951,730.00
Total Assets 1,929,456,588.00 1,720,427,041.00 1,698,395,679.00

Equity
Stated Capital 105,578,000.00 105,578,000.00 105,578,000.00
Other capital reserves 11,014.00 11,014.00 11,014.00
Available for sale reserves 19,820,705.00
General Reserves 12,841,000.00 12,841,000.00 12,841,000.00
Retained Earnings 1,285,035,457.00 1,230,114,915.00 1,044,222,592.00
Total Equity 1,403,465,471.00 1,348,544,929.00 1,182,473,311.00

Liabilities
Non current Liabilities
Defferd Tax Liability 41,818,461.00 41,250,533.00 50,403,473.00
Employee Benefit Obligation 109,246,500.00 95,384,457.00 87,999,722.00
Related party Paybles 440,479.00 4,257,289.00
Total Non Current Liabilities 151,505,440.00 136,634,990.00 142,660,484.00

Current Liabilities
Trade and other Paybles 238,918,415.00 190,588,247.00 238,959,075.00
Related Party Paybles 155,027.00 77,000,000.00
Current Tax Liability 6,871,951.00 16,126,097.00 285,646,616.00
Bank Overdraft 128,540,284.00 28,532,778.00 28,656,193.00
Total Current Liabilities 374,485,677.00 235,247,122.00 373,261,884.00
Total Liabilities 525,991,117.00 371,882,112.00 515,922,368.00
Total Equity and Liabilities 1,929,456,588.00 1,720,427,041.00 1,698,395,679.00
"000"
2017 2020 2019 2018
37,601,472.00 100.00% 100.00% 100.00%
- 24,525,485.00 -68% -66% -63%
13,075,987.00 32% 34% 37%
- 45,336.00 0% 0% 0%
- 5,827,929.00 -14% -16% -16%
- 2,314,740.00 -7% -7% -7%
4,887,982.00 12% 11% 14%
30,050.00 0% 0% 0%
183,360.00 -1% -1% -1%
- 153,310.00 -1% -1% -1%
4,734,672.00 11% 10% 13%
- 1,098,831.00 -3% -3% -4%
3,635,841.00 8% 7% 9%

"000"
2017 2020 2019 2018
3,003,823,937 100.00% 100.00% 100.00%
- 2,408,376,249.00 -80.18% -80.69% -78.66%
595,447,688.00 19.82% 19.31% 21.34%
108,211,124.00 1.28% 2.81% 2.84%
- 252,063,808.00 -6.59% -6.75% -8.31%
- 216,203,557.00 -8.63% -7.49% -7.73%
235,391,447.00 5.88% 7.89% 8.14%
- 8,082,221.00 0.86% 0.65% 0.04%
227,309,226.00 6.74% 8.54% 8.19%
- 40,689,754.00 -2.56% -1.65% -2.21%
186,619,472.00 4.18% 6.89% 5.98%

"000"

2017 2020 2019 2018

5,365,507.00 43.71% 53.42% 52.16%

2,485,503.00 2.73% 2.24% 3.81%
319,211.00 1.82% 0.22% 2.00%

2,869,614.00 25.75% 20.66% 16.92%

3,646,578.00 10.65% 15.93% 19.04%
761,444.00 2.29% 2.58% 4.84%
128,678.00 13.05% 3.01% 1.23%

15,576,535.00 100.00% 100.00% 100.00%

537,255.00 2.80% 3.18% 3.04%

4,263,780.00 28.09% 29.47% 28.87%

454,190.00 2.29% 2.19% 2.21%

839,404.00 5.39% 5.91% 5.67%
190,220.00 2.73% 2.50% 1.64%
11,894.00 0.44% 11.76% 11.37%
 4,770,211.00 32.40% 29.35% 26.25%
1,220,045.00 9.85% 4.77% 7.43%
529,404.00 4.87% 3.87% 3.86%
167,932.00 0.45% 1.14% 1.03%
2,592,200.00 10.69% 5.85% 8.63%

10,775,500.00 69.11% 67.34% 68.09%

15,576,535.00 100.00% 100.00% 100.00%

2017 2020 2019 2018

774,871,464.00 47.76% 47.09% 46.36%

3,411,945.00 0.07% 0.09% 0.13%
70.00 0.34% 0.00% 0.00%
39,064,885.00 0.00% 0.00% 2.35%
817,348,364.00 48.17% 47.18% 48.84%

154,653,480.00 16.08% 10.98% 11.21%

360,352,034.00 19.25% 24.32% 24.92%
6,746,271.00
0.30% 0.31%
12.42% 12.85%
262,066,923.00 3.79% 4.35% 15.03%
783,818,708.00 51.83% 52.82% 51.16%
1,601,167,072.00 100.00% 100.00% 100.00%

9,598,000.00 5.47% 6.14% 6.22%

11,014.00 0.001% 0.001% 0.001%
19,544,546.00 1.17%
12,841,000.00 0.67% 0.75% 0.76%
1,034,720,016.00 66.60% 71.50% 61.48%
1,076,714,576.00 72.74% 78.38% 69.62%

41,284,188.00 2.17% 2.40% 2.97%

70,186,876.00 5.66% 5.54% 5.18%
75,395,542.00 0.02% 0.25%
186,866,606.00 7.85% 7.94% 8.40%

154,677,633.00 12.38% 11.08% 14.07%

77,000,000.00 0.01% 4.53%
0.36% 0.94% 16.82%
105,908,257.00 6.66% 1.66% 1.69%
337,585,890.00 19.41% 13.67% 21.98%
524,452,496.00 27.26% 21.62% 30.38%
1,601,167,072.00 100.00% 100.00% 100.00%
Market value Ratios
Earnings per Share (EPS) Ratio
Harischandra Nestle
152,582,747.00 79.5 2,946,883,000 54.9
2020 1,919,600 53,725,463

249,930,377.00 130.2 2,565,983,000 47.8

2019 1919600 53,725,463

190,049,517.00 3,485,801,000 64.9

2018 1919600 99.0 53,725,463

186,619,472.00 3,635,841,000 67.7

2017 959,800 194.4 53,725,463

Dividend Cover Ratio Harischandra Nestle

79.49 54.85 1.0
2020 50 1.6 55

130.19 64.88
2019 45 2.9 47.5 1.4

63.99 64
2018 42 1.5 50 1.3

130.38 67.67
2017 85 1.5 50 1.4
Price Earning (PE) Ratio

Harischandra Nestle
2020 1687.2 1046.61
79.49 21.23 54.85 19.08

2019 1388.9 1464.32

130.19 10.67 47.76 30.66

2018 1350.91 1726.03

99 13.65 64.88 26.60

2017 2799.9 1913.32

194.43 14.40 67.67 28.27
 Gross Profit Ratio

Harischandra Mills PLC

Year 2017 2018 2019

Revenue 3,003,823,937 3,178,556,180 3,676,070,725
Cost of Sales -2,408,376,249 -2,500,247,980 -2,926,008,645
Gross Profit 595,447,688 678,308,200 750,062,080
GP Ratio 19.82 21.34 20.40

Nestle PLC
Year 2017 2018 2019
Revenue 37,601,472 37,336,943 36,355,084
Cost of Sales 24,525,485 23,486,542 24,414,015
Gross Profit 13,075,987 13,850,401 11,941,069
GP Ratio 34.78 37.10 32.85

Net Profit Ratio

Harischandra Mills PLC

Year 2017 2018 2019

Revenue 3,003,823,937 3,178,556,180 3,676,070,725
Net Profit 186,619,472 190,049,517.00 249,930,377.00
NP Ratio 6.21 5.98 6.80

Nestle PLC

Year 2017 2018 2019

Revenue 37,601,472 37,336,943 36,355,084
Net Profit 3,635,841 3,485,801 2,565,983
NP Ratio 9.67 9.34 7.06
 Return On Capital Employeed Ratio

Harischandra Mills PLC

Year 2017 2018 2019
Finance Expenses -27,976,144 -20,501,428 -7,234,115
Profit Before Taxation 227,309,226 260,176,079 309,768,440

Profit Betore Taxation& interest 255,285,370 280,677,507 317,002,555

Capital employed 1,076,714,576 1,182,473,311 1,348,544,929
Non-current liabilities-Lease creditor - - -
Current liabilities-Lease creditor - - -
Related Party Payables
Amounts due within one year 77,000,000 77,000,000 -
Amounts due after one year 75,395,542 4,257,289 -
ROCE Ratio 20.77 22.21 23.51

Nestle PLC
Year 2017 2018 2019
Finance Expenses -183,360 -251,530 -355,940
Profit Before Taxation 4,734,672 4,941,457 3,769,894

Profit Betore Taxation& interest 4,918,032 5,192,987 4,125,834

Capital employed 4,801,035 5,635,156 5,509,609
Non-Current Financial Liabilities 11,894 2,007,954 1,984,029
Current Financial Liabilities 2,592,200 1,524,174 987,577
ROCE Ratio 66.41 56.65 48.65

Retuen On Equity Ratio

Harischandra Mills PLC

Year 2017 2018 2019

Profit for the year 186,619,472 190,049,517.00 249,930,377.00
Equity 1,076,714,576 1,182,473,311 1,348,544,929
ROE Ratio 17.33 16.07 18.53

Nestle PLC

Year 2017 2018 2019

Profit for the year 3,635,841 3,485,801 2,565,983
Equity 4,801,035 5,635,156 5,509,609
ROE Ratio 76 62 47
 2020
3,686,440,071
-2,928,452,487
757,987,584
20.56

2020
37,866,215
25,647,194
12,219,021
32.27

2020
3,686,440,071
152,582,747
4.14

2020
37,866,215
2,946,883
7.78
 2020
-1,447,979
246,147,285

247,595,264
1,403,465,471
440,479
155,027

-
-
17.64

2020
-272,155
4,263,921

4,536,076
5,933,783
84,460
2,053,756
56.20

2020
152,582,747
1,403,465,471
10.87

2020
2,946,883
5,933,783
50
Debt ratio

Debt ratio = (Total debts / Total assets)*100

NESTLE PC
Year Harischandr
Nestle PLC
2020 27% 69% 2,017 2,018 2,019
2019 21% 67% Total Asssts 15,576,535,000 17,658,806,000 16,870,559,000
2018 25% 68% Total liability 10,775,500,000 12,023,650,000 11,360,950,000
2017 23% 69% Debt ratio 69 68 67

HARISCHANDRA

2,017 2,018 2,019

Total Asssts 1,600,904,617,000 1,698,571,659,000 1,725,714,156,000
Total liability 372,196,179,000 431,311,447,000 369,517,000,000
Debt ratio 23 25 21

Gearing ratio

Gearing ratio = Interest bearing debt / (S.H + Debt equity) *100

NESTLE PC
Year Harischandr
Nestle PLC
2020 10 26 2,017 2,018 2,019
2019 9 41 Interest bearing de 1,495,708,000,000 3,688,838,000,000 3,771,842,000
2018 10 40 S.H 4,801,035,000,000 5,635,156,000,000 5,509,609,000
2017 8 24 Debt equity 1,495,708,000,000 3,688,838,000,000 3,771,842,000
Gearing ratio 24 40 41
 HARISCHANDRA

2,017 2,018 2,019

Interest bearing de 111,471,064,000 138,403,195,000 136,634,990,000
S.H 1,228,708,438,000 1,267,260,212,000 1,356,197,156,000
Debt equity 111,471,064,000 138,403,195,000 136,634,990,000
Gearing ratio 8 10 9

Interest cover ratio

Interest cover ratio = PBIT / Interest

NESTLE PC
Year Harischandr
Nestle PLC
2020 167 17 2,017 2,018 2,019
2019 91 12 PBIT 4,918,032,000 5,192,987,000 4,125,834,000
2018 32 21 Interest 183,360,000 251,530,000 355,940,000
2017 29 27 Interest cover ratio 27 21 12

HARISCHANDRA

2,017 2,018 2,019

PBIT 185,562,206,000 211,071,564,000 250,381,029,000
Interest 6,486,741,000 6,593,547,000 2,736,889,000
Interest cover ratio 29 32 91
 2,020
19,211,679,000
13,277,896,000
69

2,020
###
523,580,491,000
27

2,020
2,083,788,000
5,933,783,000
2,083,788,000
26
 2,020
151,505,440,000
###
151,505,440,000
10

2,020
4,536,076,000
272,155,000
17

2,020
242,371,950,000
1,447,979,000
167
Efficiency Ratios

Accounts receivable turnover = Sales / Accounts receivable

2020 3,652,268,411
(371438404 +418,463,281)/2

2019 3,626,418,360
(418463281 +360819749)/2

2018 3,178,556,180
(300063508 + 360819749)/2

2017 3,003,823,937
(300063508 +250605627)/2

Average collection period = 365 days / Accounts receivable turnover

2020 365
9.24

2019 365
9.3

2018 365
9.62

2017 365
10.91

Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory

2020 2,928,452,487
(310185346 + 188847495)/2
 2019 2,926,008,645
(188847495 + 190453727)/2

2018 2,500,247,980
(190453727 + 154653480)/2

2017 2,408,376,249.00
(154653480 + 161,559,826)/2

Inventory turnover period = 365 days / Inventory Turnover Ratio

2020 365
12

2019 365
15

2018 365
14.49

2017 365
15

Total asset turnover = Sales / Total asset

2020 3,652,268,411
1,929,456,588

2019 3,626,418,360
1,720,427,041

2018 3,178,556,180
1,698,395,679

2017 3,003,823,937
1,601,167,072
 Harischandra Nestle
4 +418,463,281)/2 37,866,215
9 times (2045837 + 2686713)/2 16 Times

36,355,084
81 +360819749)/2 9 Times (3361854+2686713)/2 12 times

37,336,943
08 + 360819749)/2 10 times (3361854 +3646578)/2 12 times

37,601,472
08 +250605627)/2 11 times (3646578 + 1999032)/2 15 times

Harischandra Nestle

39 days 365 22 days

16

39 days 365 30 days

12

38 days 365 30 days

12.12

33 days 365 24 days

15

Harischandra Nestle

37,866,215.00
46 + 188847495)/2 11 Times (4947795 + 3486130)/2 8 Times
 36,355,084.00
95 + 190453727)/2 15 Times (3486130 + 2987844)/2 11 times

23,486,542.00
27 + 154653480)/2 14 Times (2987844 + 2869614)/2 8 times

24,525,485.00
80 + 161,559,826)/2 15 Times (2869614 + 3,935,497)/2 7 times

Harischandra Nestle

365
31 Days 8.98 40 days

23 Days 365
11.23 32 days

25 Days 365
8.02 45 days

24 days 365
7 52 days

Harischandra Nestle

37,866,215
1.89 19,211,679 1.97

36,355,084
2.10 16,870,559 2.15

37,336,943
1.87 17,658,806 2.11

37,601,472
1.87 15,576,535 2.41
 Harischandra Mills PLC
Year 2020 2019 2018

Current Assets 1,000,099,660 908,674,934 868,951,730

Current Liability 374,485,677 235,247,122 373,261,884

Current Ratio 2.671 3.863 2.328

Nestle PLC
Current Assets 9,941,876,000 7,114,904,000 7,421,563,000
Current Liability 11,194,108,000 7,589,108,000 8,334,812,000

Current Ratio 0.888 0.938 0.890

Harischandra Mills PLC

Current Assets 1,000,099,660 908,674,934 868,951,730

Inventory 310,185,346 188,847,495 190,453,727
Current Liability 374,485,677 235,247,122 373,261,884

Quick Assets Ratio 1.842 3.060 1.818

Nestle PLC
Current Assets 9,941,876,000 7,114,904,000 7,421,563,000
Inventory 4,947,795,000 3,486,130,000 2,987,844,000
Current Liability 11,194,108,000 7,589,108,000 8,334,812,000

Quick Assets Ratio 0.446 0.478 0.532

Harischandra Harischandra
Company Nestle PLC
Mills PLC Mills PLC
Ratio Current Ratio Quick Assets Ratio
Year
2020 2.671 0.888 1.847
2019 3.863 0.938 3.060
2018 2.328 0.890 1.818
2017 2.322 0.798 1.864
 2017’

783,818,708
337,585,890

2.322

7,406,314,000
9,279,792,000

0.798

783,818,708
154,653,480
337,585,890

1.864

7,406,314,000
 2,869,614,000
9,279,792,000

0.489

Nestle PLC
uick Assets Ratio

0.446
0.478
0.532
0.489