The next important statement, which is critical too, is the income statement.
The income statement shows the company’s revenues and expenses during a
particular period. The main purpose of the income statement is to show
managers and shareholders whether the company made or lost money during the
period being reported. In this case the period that is going to be analyzed is 2013.
In 2013, Deoleo S.A. had a net income of 42,104. This income is quite different
to the one of 2012, which was -235,438. That is, in one year Deoleo S.A. has
increased its net income 277,542. As it is possible to see in the table below, this
increase in net income is due to some decreases.
In 2012 this company´s wage expenses amounted 27,269, and in 2013 they
amounted 16,756. In addition to these operating expenses the amortization,
depreciation and impairment costs have decreased from 2012 to 2013. In 2012
these costs amounted 19,679, whereas in 2013 they amounted 22. This together
with other increases such as the sales, which in 2012 amounted 452.990 and in
2013 they were 553.660, and the financial revenues, which in 2013 were 54,636
and in 2012 28,085, sums up the increase of the net income from one year to
another.
The income statement shows the company’s revenues and expenses during a
particular period. The main purpose of the income statement is to show
managers and shareholders whether the company made or lost money during the
period being reported. In this case the period that is going to be analyzed is 2013.
In 2013, Deoleo S.A. had a net income of 42,104. This income is quite different
to the one of 2012, which was -235,438. That is, in one year Deoleo S.A. has
increased its net income 277,542. As it is possible to see in the table below, this
increase in net income is due to some decreases.
In 2012 this company´s wage expenses amounted 27,269, and in 2013 they
amounted 16,756. In addition to these operating expenses the amortization,
depreciation and impairment costs have decreased from 2012 to 2013. In 2012
these costs amounted 19,679, whereas in 2013 they amounted 22. This together
with other increases such as the sales, which in 2012 amounted 452.990 and in
2013 they were 553.660, and the financial revenues, which in 2013 were 54,636
and in 2012 28,085, sums up the increase of the net income from one year to
another.
2012
|
2013
| |
Operating profit (loss)
(Net sales, Wage expenses, Amortization and other expenses)
|
(4,368)
|
28,480
|
Financial Result
|
(178,812)
|
17,175
|
EBIT
|
(183,180)
|
45,655
|
Tax income
|
(52,258)
|
(3,551)
|
Net Income
|
(235,438)
|
42,104
|
It is possible to see that the numbers in 2012 are quite negative, whereas in 2013
they are positive. This is actually reflected in the net income of Deoleo S.A. That
is, ths company has worked hard in order to increase its net income, that is, the
profit of this period. It has increased its sales in spite of the fact that the wages
have decreased. It is not possible to know if Deoleo S.A. has fired employees or
if it has just decrease the wages. But whatever it is, it is quite difficult to increase
the production with less workers or with less motivation (if money can be seen as
an incentive).
No hay comentarios:
Publicar un comentario