Bangladesh Bulb Limited(Phillips)

Balance Sheet
Assets
Property,plant and equipment
Fixed assets under construction
Intangible assets
Investments :
At cost
Fair value adjustment

2006
150075514

421485063

Loans and deposits

Total non-current assets

2008
123775188

2009
106946118

147500

117500

33617998

38250523

38250523
427109234

1940577
573501154

1772142
170457166

1929289
164102500

2240969
574664344

Inventories
Trade and other debtors
Advances, deposits and prepayments
Advance incom tax
Cash and cash equivalents
Total current assets
Total assets

62024184
234984480
3505365
38395664
101016
339010709
912511863

65542150
225362699
4324501
40143461
80101160
415473971
585931137

93553486
278058033
4985502
41570612
130136651
548304284
712406784

127990769
253086921
4999566
25757285
89925773
501760314
1076424658

Equity
Share capital
Reserves and surplus
Total equity

72081600
131398995
203480595

72081600
166767041
238848641

72081600
200461710
272543310

72081600
660851274
732932874

5172458
17285759
35032712
57490929

18684717
30653212
49337929

21260678
23791792
45052470

36458334
22008780
19441088
77908202

9568000
522515991
22760360
4421952
20785829
57735814
13752393
651540339
709031268
912511863

168930625
14593642
5632690
29517777
62549700
16520133
297744567
347082496
585931137

240334940
33103035
7180202
24945518
66360009
22887300
394811004
439863474
712406784

12500000
92323508
60957763
7455857
16210389
48652421
27483644
265583582
343491784
1076424658

Liabilities
Long term loan
Deferred liability - gratuity payable
Deferred tax - liability
Total non-current liabilities
Current portion of long term loan
Short term finance
Trade and other creditors
Accrued expenses
Other liabilities
Provision for tax
Provision for royalty
Total current liabilities and provisions
Total liabilities
Total equity and liabilites

2007
135067026

Bangladesh Lamps Limited (Phillips)

Income Statement
Items
Sales (net of VAT)
Cost of goods sold
Gross Profit
Other income
Opertating expenses
Profit from operations
Finance expenses
Finance income
Net finance expense

2006
317293796
-239488002
77805794

2007
351224428
-269673407
81551021

2008
537971989
-429824201.00
108147788

2009
615330715
-502808649.00
112522066

9350369
-18532365
68623798

7588623
-19884118
69255526

7643000
-28009440
87781348

11093380
-29791885
93823561

-3111827
18343691
15231864

-34253260
21231278
-13021982

-30787024
18132099
-12654925

-33567694
21650392
-11917302

Profit before contribution to WPPF

83855662

56233544

75126423

81906259

Contribution to WPPF
Profit before income tax

-2626727
81228935

-2677788
53555756

-3577449
71548974

-3900298
78005961

-21825139
2759222
-19065917

-22567210
4379500
-18187710

-23091245
6861420
-16229825

-23847775
4350704
-19497071

62163018

35368046

55319149

58508890

2007
135067026
585931137
297,744,567

2008
123775188
712406784
394811004

14593642
347,082,496
238848641
205,772,830
65542150
80101160
72081600
35368046
351224428
269673407
53555756
24935642
34253260
19884118
19884118
752

33103035
439863474
379138915
260508808
93553486
130136651
72081600
55319149
537971989
429824201
71548974
33630311
30787024
28009440
28009440
1096.8

2009
106946118
1076424658
265583582
48958334
60957763
343491784
732932874
242139163
127990769
89925773
72081600
58508890
615330715
502808649
78005961
36940641
33567694
29791885
29791885
1849.3

Income tax:
Current tax
Deferred tax

Net profit for the year

Bangladesh Lamps Limited (Phillips)

Ratio Analysis
Items
Fixed Asset
Total Asset
Current Liability
Long term Debt
Account Payable/ Trade Creditors
Total Debt/ Total Liability
Total Equity
Accounts Receivables/ Trade debtors
Inventory/ Stock
Cash and Cash equivalents
Share Outstanding
Net Income
Sales/ Turnover
Cost of Goods Sold
Earning Before interest and tax
Retained Earnings
Interest Charges/ Financial Expenses
Operating Expenses
Other Expense
Market Price Per Share

2006
150075514
912511863
651540339
5172458
22760360
709031268
203480595
210564740
62024184
101016
72081600
62163018
317293796
239488002
53195869
3111827
18532365
18532365
4858.3

2006
0.52
0.43
0.00

Current Ratio
Quick Ratio
Cash Ratio

Liquidity Ratios
2007
1.40
1.18
0.27

2008
1.39
1.15
0.33

2009
1.89
1.41
0.34

2.00
1.50

Current Ratio

1.00

Quick Ratio

0.50

Cash Ratio

0.00
2006

2007

2008

2009

2010

Analysis:
From the comparison of this for years we can see that, current ratio decreased in 2008 from 2007 and there was a further decrease in 2010.
Current ratio increased in 2007 from 2006 and 2009 from 2008.
Quick Ratio increased in 2007 than 2006 then decreased in 2008 again increased in 2009 but also decreased in 2010.
Every year cash ratio increased gradually.

Efficiency Ratios
Inventory Turnover Ratio
Inventory Turnover Period
Receivables Turnover Ratio
Receivables Turnover Period
Total Asset Turnover Ratio
Fixed Asset Turnover Ratio

3.86
94.53
1.35
270.32
0.35
2.11

4.11
88.71
1.56
234.20
0.60
2.60

4.59
79.44
1.93
188.66
0.76
4.35

3.93
92.91
2.43
150.13
0.57
5.75

Payable Deferrel Period

Cash Conversion Cycle

0.0003
364.85

0.0002
322.91

0.0002
268.10

0.0003
243.04

From 2006 to 2008 there was a continuous increase in ITOR but in the year 2009 and 2010 there was also a continuous decrease in ITOR.
There was a decrease in 2007 but after that there was continuous increase from 2008 to 2010 in ITOP.
RTOR increased from 2006 to 2010.
RTOP decreased from 2006 to 2010 continuously.
TATOR was increased in 2007 and 2008 but also decreased from 2009 to2010.
There was a continuous increase in FATOR from 2006 to 2009 but in 2010 there was a decrease than 2009.

Debt Management Ratio

2006
2007
78%
59%
1%
0%
76.96
7.87

Debt/ Asset Ratio

Long Term Debt Ratio
Time Interest Earned

2008
62%
0%
13.96

2009
32%
14%
14.98

D/A Ratio decreased in 2007 than 2006 and increased in 2009 and 2010.
Long Term Debt Ratio decreased in 2007 and 2008 but increased in 2009 and again decreased in 2010.

2006
20%
7%
31%

Profit Margin
Return on Asset
Return on Equity

Profitabiliti Ratio
2007
10%
6%
15%

2008
10%
8%
15%

2009
10%
5%
8%

35%

30%
25%

Profit Margin

20%

Return on Asset

15%

Return on Equity

10%
5%
0%
2006

2007

2008

2009

2010

Profit decreased in 2007 and then profit was constant up to 2010.

ROA was decreased in 2007 then increased in 2008 and decreased in 2009 and 2010.
ROE decreased in 2007 then constant in 2008 and again decreased in 2009 and 2010.

Earning Per Share

Price Earning Ratio
Market to Book Ratio

2006
0.86
5633.48
1721.02

Market Book
2007
0.49
1532.61
226.94

2008
0.77
1429.15
208.52

2009
0.81
2278.29
181.87

6000.00
5000.00
4000.00
Price Earning Ratio

3000.00

Market to Book Ratio

2000.00

1000.00
0.00
2006

2007

2008

2009

2010

EPS decreased in 2007 then increased in 2008, 2009 and 2010.

P/E ratio decreases from 2006 to 2008 and then increases in 2009 and 2010.
Market to Book ratio decreases decreases continuously from 2006 to 2010.

Assets
Property,plant and equipment
Fixed assets under construction
Intangible assets
Investments :
At cost
Fair value adjustment
Loans and deposits
Total non-current assets
Inventories
Trade and other debtors
Advances, deposits and prepayments
Advance incom tax
Cash and cash equivalents
Total current assets
Total assets
Equity
Share capital
Reserves and surplus
Total equity
Liabilities
Long term loan
Deferred liability - gratuity payable
Deferred tax - liability
Total non-current liabilities
Current portion of long term loan
Short term finance
Trade and other creditors
Accrued expenses
Other liabilities

Bangladesh Lamps Limited(Phillips)

Common Size Statement
Balance Sheet
2006
2007
16%
23%
0%
0%
0%
0%

2008
17%
0%
0%

2009
10%
0%
0%

46%
0%

6%
0%

5%
0%

4%
40%

0%
63%

0%
29%

0%
23.03%

0%
53%

7%
26%
0%
4%
0%
37%
100%

11%
38%
1%
7%
14%
71%
100%

13%
39%
1%
6%
18%
77%
100%

12%
24%
0%
2%
8%
47%
100%

8%
14%
22%

12%
28%
41%

10%
28%
38%

7%
61%
68%

1%
2%
4%
6%

0%
3%
5%
8%

0%
3%
3%
6%

3%
2%
2%
7%

1%
57%
2%
0%
2%

0%
29%
2%
1%
5%

0%
34%
5%
1%
4%

1%
9%
6%
1%
2%

Provision for tax

Provision for royalty
Total current liabilities and provisions
Total liabilities
Total equity and liabilites

6%
2%
71%
78%
100%

11%
3%
51%
59%
100%

9%
3%
55%
62%
100%

5%
3%
25%
32%
100%

Bangladesh Lamps Limited(Phillips)

Common Size Statement
Income Statement
Items
Sales (net of VAT)
Cost of goods sold
Gross Profit

2006
100%
75.48%
24.52%

2007
100%
76.78%
23%

2008
100%
79.90%
20.10%

2009
100%
81.71%
18%

3%
6%
22%

2%
6%
20%

1%
5%
16%

2%
5%
15%

1%
6%
-5%

10%
6%
-4%

6%
3%
-2%

5%
4%
-2%

Profit before contribution to WPPF

26%

16%

14%

13%

Contribution to WPPF
Profit before income tax

1%
26%

1%
15%

1%
13%

1%
13%

7%
1%
6%
20%

6%
1%
5%
10%

4%
1%
3%
10%

4%
1%
3%
10%

Other income
Opertating expenses
Profit from operations
Finance expenses
Finance income
Net finance expense

Income tax:
Current tax
Deferred tax
Net profit for the year

Bangladesh Bulb Limited(Phillips)

Balance Sheet
2010
102652877
21316156
87500
41667223
778385106
2049302
946158164
128611091
236000082
8971248
48444611
157370127
579397159
1525555323

72081600
1048657244
1120738844

40033896
25121780
15391607
80547283
14509444
147858218
39397112
6737950
24469658
72595490
18701324
324269196
404816479
1525555323

Bangladesh Lamps Limited (Phillips)

Income Statement
2010
622571342
-476340355.00
146230987
12305433
-65098163
93438257
-28339696
20626830
-7712866

85725391
-4082161
81643230

-23943069
4049481
-19893588
61749642

Bangladesh Lamps Limited (Phillips)

Ratio Analysis
2010
123969033
1525555323
324269196
54543340
39397112
404816479
1120738844
224341848
128611091
157370127
72081600
61749642
622571342
476340355
81643230
33440739
28339696
65098163
65098163
2613.5

Liquidity Ratios
2010
1.79
1.39
0.49

s we can see that, current ratio decreased in 2008 from 2007 and there was a further decrease in 2010.
2006 and 2009 from 2008.

2006 then decreased in 2008 again increased in 2009 but also decreased in 2010.

ually.

Efficiency Ratios
3.70
98.55
2.64
138.36
0.41
5.02

0.0002
236.91

nuous increase in ITOR but in the year 2009 and 2010 there was also a continuous decrease in ITOR.

er that there was continuous increase from 2008 to 2010 in ITOP.

continuously.

2008 but also decreased from 2009 to2010.

FATOR from 2006 to 2009 but in 2010 there was a decrease than 2009.

Debt Management Ratio

2010
27%
13%
16.81

006 and increased in 2009 and 2010.

2007 and 2008 but increased in 2009 and again decreased in 2010.
Profitabiliti Ratio
2010
10%
4%
6%

ofit was constant up to 2010.

creased in 2008 and decreased in 2009 and 2010.

t in 2008 and again decreased in 2009 and 2010.

Market Book
2010
0.86
3050.79
168.09

Price Earning Ratio

Market to Book Ratio

d in 2008, 2009 and 2010.

08 and then increases in 2009 and 2010.

eases continuously from 2006 to 2010.

Bangladesh Lamps Limited(Phillips)

Common Size Statement
Balance Sheet
2010
6.73%
1.40%
0.01%
2.73%
51.02%
0.13%
62.02%
8.43%
15.47%
0.59%
3.18%
10.32%
37.98%
100.00%

4.72%
68.74%
73.46%

2.62%
1.65%
1%
5%
1%
10%
3%
0%
2%

4.76%
1%
21%
27%
100%

Bangladesh Lamps Limited(Phillips)

Common Size Statement
Income Statement
2010
100%
76.51%
23%
2%
10%
15%
5%
3%
-1%
14%
1%
13%

4%
1%
3%
10%