Name: HORIZONTAL ANALYSIS
Uploaded: 2022-01-07
Duration: 14 min 22 s
Description: HORIZONTAL ANALYSIS. COMPREHENSIVE INCOME OF MALAYAN FLOUR MILLS BERHAD (MFM).

HORIZONTAL ANALYSIS. COMPREHENSIVE INCOME OF MALAYAN FLOUR MILLS BERHAD (MFM). 

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COMPREHENSIVE INCOME OF MALAYAN FLOUR MILLS BERHAD (MFM)

150 50 o -100 2018 2019 2020 COMPREHENSIVE Other Income Gross Profit -8.32 4.4 -14.07 -30.76 12 73.41 2018 INCOME Profit Before Tax -58.61 -53-98 Net Profit of The Year -27.45 130.37 -58.59 2019 2020. 

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150
50
o
-100
2018
2019
2020
COMPREHENSIVE
Other Income
Gross Profit
-8.32
4.4
-14.07
-30.76
12
73.41
2018
INCOME
Profit Before Tax
-58.61
-53-98
Net Profit of The Year
-27.45
130.37
-58.59
2019
2020

GROSS PROFIT. -8.32. 4.4. -14.07. %. 2018. 2019. 2020. 

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OTHER INCOME. -30.76. 12. 73.41. 2018. 2019. 2020. 

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2020 ( Highest ) Rental income from investment property, dividend income and interest income.

PROFIT BEFORE TAX. -58.61. 96.06. -53.98. %. 2018. 

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2018-2019 ( INCREASE ) Favourable margin in flour and grains trading segment and a turnaround to profitability from the equity.

2019-2020 ( DECREASE ) Challenges in poultry integration segment and lower share of profit on equity.

NET PROFIT OF THE YEAR. -27.45. 130.37. -58.59. %. 

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2019 ( HIGHEST ) Joint Venture of Malayan Flour Mills Berhad in Indonesia, PT Bungasari Flour Mills Indonesia (“BFMI”) Strong momentum in sales and operations coupled with stronger demand for flour

2020 ( LOWEST ) COVID-19 pandemic with several lockdowns in the country Increasing on cost of raw material and low utilisation of capacity Revenue flat

HORIZONTAL ANALYSIS. FINANCIAL STATEMENT OF MALAYAN FLOUR MILLS BERHAD (MFM). 

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FINANCIAL STATEMENT OF MALAYAN FLOUR MILLS BERHAD (MFM)

BALANCE SHEET 90 80 70 60 50 40 27 30 19.66 20 10 -10 -20 2017-2018 2018-2019 . 2019-2020 17.65 3.44 81.84 53.92 0.38 Non-current li abilities 81.84 53.92 0.38 .2019-2020 4.5 2.85 1.3 -3.33 -6.45 Current assets Non-curre nt assets 27 19.66 3.44 2017-2018 -6.45 17.65 -3.33 2018-2019 Current liabilities 4.5 2.85 1.3. 

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BALANCE SHEET
90
80
70
60
50
40
27
30
19.66
20
10
-10
-20
2017-2018
2018-2019
. 2019-2020
17.65
3.44
81.84
53.92
0.38
Non-current li abilities
81.84
53.92
0.38
.2019-2020
4.5
2.85
1.3
-3.33
-6.45
Current assets
Non-curre nt assets
27
19.66
3.44
2017-2018
-6.45
17.65
-3.33
2018-2019
Current liabilities
4.5
2.85
1.3

NON-CURRENT ASSETS. 27. 19.66. 3.44. %. 2017-2018. 

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2018-2020 ( DECREASE ) Increasing on deferred tax assets

CURRENT ASSETS. -6.45. 17.65. -3.33. %. 2017-2018. 

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2018-2020 ( DECREASE ) Their trade and other receivables, including derivatives was decreased from RM 413,189 to RM 380,323 Minor decline in business

NON-CURRENT LIABILITIES. 81.84. 53.92. 0.38. %. 2017-2018. 

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Non-current liabilities and current liabilities show the Malayan Flour Mills Berhad was good in business Decrease dramatically Manage their company’s finances very well and can reduce their current debt in the year ahead.

TREND ANALYSIS. Year 2020 [RM’000] 2019 [RM’000] 2018 [RM’000] 2017 [RM’000] 2016 [RM’000] Revenue [RM’000] RM 2,680,670 RM 2,538,686 RM 2,681,563 RM 2,538,686 RM 2,423,744 RM 2,538,686 RM 2,402,283 RM 2,538,686 RM 2,538,686 RM 2,538,686 Trend Percentages [%] 105.59% 105.62% 95.47% 94.62% 100%. 

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Year 2020 [RM’000] 2019 [RM’000] 2018 [RM’000] 2017 [RM’000] 2016 [RM’000] Revenue [RM’000] RM 2,680,670 RM 2,538,686 RM 2,681,563 RM 2,538,686 RM 2,423,744 RM 2,538,686 RM 2,402,283 RM 2,538,686 RM 2,538,686 RM 2,538,686 Trend Percentages [%]   105.59%   105.62%   95.47%   94.62%   100%

Year 2020 [RM’000] 2019 [RM’000] 2018 [RM’000] 2017 [RM’000] 2016 [RM’000] Gross Profit [RM’000] RM 223,636 RM 278,966 RM 260,265 RM 278,966 RM 249,282 RM 278,966 RM 271,928 RM 278,966 RM 278,966 RM 278,966 Trend Percentages [%]   80.16%   93.29%   89.35%   97.47%   100%

VERTICAL ANALYSIS. • Comprehensive income • Balance sheet • Common-Size Income Statement – Malayan Flour Mills Berhad Versus PPB Group Berhad. 

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• Comprehensive income • Balance sheet • Common-Size Income Statement – Malayan Flour Mills Berhad Versus PPB Group Berhad

Big numbers catch your audience’s attention. Comprehensive Income 12 10 8 6 4 2 10.28 9.71 8.34 Gross profit 3.08 2.69 1.95 Operating (loss)/ profit "2018 '2019 .2020 2.26 1.13 Profit before taxation 0.77 2.22 1.05 0.32 Total comprehensive income. 

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Big numbers catch your audience’s attention

Comprehensive Income
12
10
8
6
4
2
10.28
9.71
8.34
Gross profit
3.08
2.69
1.95
Operating (loss)/ profit
"2018 '2019 .2020
2.26
1.13
Profit before taxation
0.77
2.22
1.05
0.32
Total comprehensive income

GROSS PROFIT %. 2018 - 10.38% 2019 - 9.71% 2020 - 8.34%. 

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2018  - 10.38% 2019  - 9.71% 2020 - 8.34%

The percentage of gross profit decreasing.   This is because the cost of good solds in 2018 to 2020 is decreasing.

• 2019-higher This is because it can mainly attributed to favourable margin from flour and grains trading segment as a result of better pricing and improved production efficiency.

PROFIT BEFORE TAXATION %. 2018 - 1.05% 2019 - 2.23% 2020 - 0.32%. 

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The Group’s profit before tax for the year 2019 improved significantly as compared  in the previous year mainly due to favourable margin in flour and grains trading segment and a turnaround to profitability from the equity accounted joint venture amidst challenges in poultry integration segment.

2020 (lowest) -This is because due to challenges faced from COVID-19 pandemic with several lockdowns in the country, rising cost of raw material and low utilisation of capacity, our Group’s revenue was flat and profit was severely reduced as compared to the prior year.

It’s the hottest. Venus. It has several rings. Saturn. 

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70
60
48.76
50
40
30
20
10
50.88
49.18
51.24
BALANCE SHEET
58.92
54.26
50.82
49.12
54.22
45.74
41.08
45.12
Non-Current Assets
Current Assets
2018
.2019
Total Liabilities
2020
Total Equity

NON-CURRENTS ASSETS %. CURRENT ASSETS %. 2018 - 48.76% 2019 - 49.18% 2020 -50.88%. 

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2018 - 48.76% 2019  - 49.18% 2020 -50.88%

The percentage of non-current assets is increases from 2018 to 2020. This is because the total assets from 2018 until 2020 is increase.

2018 - 51.24%  2019  - 50.82% 2020 - 49.12%

The percentage of total current assets in 2018 to 2019 is decreases. This is because the amount of total assets is increases. The item of current assets like trade and other receivables including derivatives, prepayments, inventories and biological assets are decreasing from 2018 until 2020. Other items such as current tax assets is decrease from 2018 to 2019 but increasing in 2020. While, item cash and equivalents is increasing from 2018 to 2020.

TOTAL LIABI LITIES %. • The percentage of total equity increases from 2018 to 2019. This is because the amount of total equity in 2018 and 2019 are increases. • The percentage of total equity in 2020 is decrease from 2019 because the total amount of equity in 2020 is decrease.. 

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• The percentage of total equity increases from 2018 to 2019. This is because the amount of total equity in 2018 and 2019 are increases. • The percentage of total equity in 2020 is decrease from 2019 because the total amount of equity in 2020 is decrease.

2018 - 58.92%  2019  - 54.26% 2020 - 54.22%

Total liabilities (%) shows decreases  - • Malayan Flour Mills Berhad proves that the company good in managing their debt risk as to the percentage declined in 2020.

2018 - 41.08%      2019  - 45.74%      2020 - 45.12%

Common-Size Income Statement – Malayan Flour Mills Berhad Versus PPB Group Berhad. 

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Common-Size Income Statement – Malayan  Flour Mills Berhad Versus PPB Group Berhad

Malayan Flour Mills
Net Income
0.32%
Berhad
Gross profit
8.34%
Tota
Operating
Expenses
1.95%
Income Tax Expense
0.58%
Gross profit
' Total Operating Expenses
Income Tax Expense
Net Income

GROSS PROFIT %. Malayan Flour Mills Berhad: 8.34% PPB Group Berhad: 10.26%. 

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Malayan Flour Mills Berhad:  8.34% PPB Group Berhad:  10.26%

PPB Group Berhad’s earning more gross profit than Malayan Flour Mills Berhad due to cost of sales of Malayan Flour Mills Berhad records higher percentage which is 91.66% than PPB Group Berhad which is 89.74% in 2020.

Malayan Flour Mills Berhad:  1.95% PPB Group Berhad:  13.56%

PPB Group Berhad for total operating expenses in 2020 is higher than Malayan Flour Mills Berhad.

INCOME TAX EXPENSE %. Malayan Flour Mills Berhad: 0.58% PPB Group Berhad: 1.37%. 

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Malayan Flour Mills Berhad:  0.58% PPB Group Berhad:  1.37%

PPB Group Berhad gains more profit before tax than Malayan Flour Mills Berhad, where 33.9% is profit in PPB Group Berhad and 1.34% of profit in Malayan Flour Mills Berhad. The higher profit will influence higher payment of taxation.

Malayan Flour Mills Berhad:  0.32% PPB Group Berhad:  33%

PPB Group Berhad is more efficient to gain the profit than the other company.

HORIZONTAL ANALYSIS

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