Data for Horizontal (Trend) Analysis

Horizontal (Trend) Analysis

1. Statement of Financial Position:

o Total Assets:

 2019: BDT 10,197,389,315

 2020: BDT 10,795,586,635

 2021: BDT 5,793,904,896

 2022: BDT 11,454,135,269

 2023: BDT 16,906,809,990

o Total Equity:

 2019: BDT 2,931,272,334

 2020: BDT 3,249,367,258

 2021: BDT 1,636,572,396

 2022: BDT 4,148,446,702

 2023: BDT 8,210,067,522

o Total Liabilities:

 2019: BDT 7,266,116,981

 2020: BDT 7,546,219,377

 2021: BDT 4,157,332,500

 2022: BDT 7,305,688,567

 2023: BDT 8,696,742,468

2. Statement of Profit or Loss and Other Comprehensive Income:

o Revenue:

 2019: BDT 10,318,693,873

 2020: BDT 11,675,380,089

 2021: BDT 11,306,519,256

 2022: BDT 12,410,254,762

 2023: BDT 14,524,182,830

o Gross Profit:
  2019: BDT 5,692,855,306

 2020: BDT 5,967,906,206

 2021: BDT 6,667,734,584

 2022: BDT 7,250,675,120

 2023: BDT 8,424,932,229

o Profit for the Year:

 2019: BDT 2,509,129,429

 2020: BDT 2,690,059,658

 2021: BDT 3,108,680,032

 2022: BDT 3,564,051,710

 2023: BDT 4,606,317,831

3. Statement of Changes in Equity:

o Retained Earnings:

 2019: BDT 735,135,754

 2020: BDT 820,680,232

 2021: BDT 1,069,572,396

 2022: BDT 2,122,057,310

 2023: BDT 7,643,067,522

4. Statement of Cash Flows:

o Net Cash from Operating Activities:

 2019: BDT 2,822,722,743

 2020: BDT 3,114,228,251

 2021: BDT 3,304,608,823

 2022: BDT 4,445,219,990

 2023: BDT 6,150,310,803

o Net Cash Used in Investing Activities:

 2019: BDT (373,527,357)

 2020: BDT (761,778,321)

 2021: BDT (677,755,326)

  2022: BDT (1,549,278,711)

 2023: BDT (4,840,498,193)

o Net Cash Used in Financing Activities:

 2019: BDT (692,054,576)

 2020: BDT (1,583,492,044)

 2021: BDT (2,651,040,838)

 2022: BDT (3,036,421,560)

 2023: BDT (1,651,488,902)

Horizontal (Trend) Analysis

1. Statement of Financial Position:

o Calculate the absolute and percentage changes for each item from 2019 to 2023.

2. Statement of Profit or Loss and Other Comprehensive Income:

o Calculate the absolute and percentage changes for each item from 2019 to 2023.

3. Statement of Changes in Equity:

o Calculate the absolute and percentage changes for each item from 2019 to 2023.

4. Statement of Cash Flows:

o Calculate the absolute and percentage changes for each item from 2019 to 2023.

I'll now proceed with the calculations and analysis.

Horizontal (Trend) Analysis

1. Statement of Financial Position

Total Assets:

 2019: BDT 10,197,389,315

 2020: BDT 10,795,586,635

 2021: BDT 5,793,904,896

 2022: BDT 11,454,135,269

 2023: BDT 16,906,809,990

Calculations:

1. 2020 vs. 2019:

o Absolute Change: 10,795,586,635 - 10,197,389,315 = 598,197,320

 o Percentage Change: (598,197,320 / 10,197,389,315) * 100 = 5.87%

2. 2021 vs. 2020:

o Absolute Change: 5,793,904,896 - 10,795,586,635 = -5,001,681,739

o Percentage Change: (-5,001,681,739 / 10,795,586,635) * 100 = -46.3%

3. 2022 vs. 2021:

o Absolute Change: 11,454,135,269 - 5,793,904,896 = 5,660,230,373

o Percentage Change: (5,660,230,373 / 5,793,904,896) * 100 = 97.2%

4. 2023 vs. 2022:

o Absolute Change: 16,906,809,990 - 11,454,135,269 = 5,452,674,721

o Percentage Change: (5,452,674,721 / 11,454,135,269) * 100 = 47.7%

Total Equity:

 2019: BDT 2,931,272,334

 2020: BDT 3,249,367,258

 2021: BDT 1,636,572,396

 2022: BDT 4,148,446,702

 2023: BDT 8,210,067,522

Calculations:

1. 2020 vs. 2019:

o Absolute Change: 3,249,367,258 - 2,931,272,334 = 318,094,924

o Percentage Change: (318,094,924 / 2,931,272,334) * 100 = 10.9%

2. 2021 vs. 2020:

o Absolute Change: 1,636,572,396 - 3,249,367,258 = -1,612,794,862

o Percentage Change: (-1,612,794,862 / 3,249,367,258) * 100 = -49.6%

3. 2022 vs. 2021:

o Absolute Change: 4,148,446,702 - 1,636,572,396 = 2,511,874,306

o Percentage Change: (2,511,874,306 / 1,636,572,396) * 100 = 153.4%

4. 2023 vs. 2022:

o Absolute Change: 8,210,067,522 - 4,148,446,702 = 4,061,620,820

o Percentage Change: (4,061,620,820 / 4,148,446,702) * 100 = 97.9%

Total Liabilities:

 2019: BDT 7,266,116,981

 2020: BDT 7,546,219,377

 2021: BDT 4,157,332,500

 2022: BDT 7,305,688,567

 2023: BDT 8,696,742,468

Calculations:

1. 2020 vs. 2019:

o Absolute Change: 7,546,219,377 - 7,266,116,981 = 280,102,396

o Percentage Change: (280,102,396 / 7,266,116,981) * 100 = 3.9%

2. 2021 vs. 2020:

o Absolute Change: 4,157,332,500 - 7,546,219,377 = -3,388,886,877

o Percentage Change: (-3,388,886,877 / 7,546,219,377) * 100 = -44.9%

3. 2022 vs. 2021:

o Absolute Change: 7,305,688,567 - 4,157,332,500 = 3,148,356,067

o Percentage Change: (3,148,356,067 / 4,157,332,500) * 100 = 75.7%

4. 2023 vs. 2022:

o Absolute Change: 8,696,742,468 - 7,305,688,567 = 1,391,053,901

o Percentage Change: (1,391,053,901 / 7,305,688,567) * 100 = 19.1%

2. Statement of Profit or Loss and Other Comprehensive Income

Revenue:

 2019: BDT 10,318,693,873

 2020: BDT 11,675,380,089

 2021: BDT 11,306,519,256

 2022: BDT 12,410,254,762

 2023: BDT 14,524,182,830

Calculations:

1. 2020 vs. 2019:

o Absolute Change: 11,675,380,089 - 10,318,693,873 = 1,356,686,216

 o Percentage Change: (1,356,686,216 / 10,318,693,873) * 100 = 13.2%

2. 2021 vs. 2020:

o Absolute Change: 11,306,519,256 - 11,675,380,089 = -368,860,833

o Percentage Change: (-368,860,833 / 11,675,380,089) * 100 = -3.2%

3. 2022 vs. 2021:

o Absolute Change: 12,410,254,762 - 11,306,519,256 = 1,103,735,506

o Percentage Change: (1,103,735,506 / 11,306,519,256) * 100 = 9.8%

4. 2023 vs. 2022:

o Absolute Change: 14,524,182,830 - 12,410,254,762 = 2,113,928,068

o Percentage Change: (2,113,928,068 / 12,410,254,762) * 100 = 17.0%

Gross Profit:

 2019: BDT 5,692,855,306

 2020: BDT 5,967,906,206

 2021: BDT 6,667,734,584

 2022: BDT 7,250,675,120

 2023: BDT 8,424,932,229

Calculations:

1. 2020 vs. 2019:

o Absolute Change: 5,967,906,206 - 5,692,855,306 = 275,050,900

o Percentage Change: (275,050,900 / 5,692,855,306) * 100 = 4.8%

2. 2021 vs. 2020:

o Absolute Change: 6,667,734,584 - 5,967,906,206 = 699,828,378

o Percentage Change: (699,828,378 / 5,967,906,206) * 100 = 11.7%

3. 2022 vs. 2021:

o Absolute Change: 7,250,675,120 - 6,667,734,584 = 582,940,536

o Percentage Change: (582,940,536 / 6,667,734,584) * 100 = 8.7%

4. 2023 vs. 2022:

o Absolute Change: 8,424,932,229 - 7,250,675,120 = 1,174,257,109

o Percentage Change: (1,174,257,109 / 7,250,675,120) * 100 = 16.2%

Profit for the Year:

 2019: BDT 2,509,129,429

 2020: BDT 2,690,059,658

 2021: BDT 3,108,680,032

 2022: BDT 3,564,051,710

 2023: BDT 4,606,317,831

Calculations:

1. 2020 vs. 2019:

o Absolute Change: 2,690,059,658 - 2,509,129,429 = 180,930,229

o Percentage Change: (180,930,229 / 2,509,129,429) * 100 = 7.2%

2. 2021 vs. 2020:

o Absolute Change: 3,108,680,032 - 2,690,059,658 = 418,620,374

o Percentage Change: (418,620,374 / 2,690,059,658) * 100 = 15.6%

3. 2022 vs. 2021:

o Absolute Change: 3,564,051,710 - 3,108,680,032 = 455,371,678

o Percentage Change: (455,371,678 / 3,108,680,032) * 100 = 14.7%

4. 2023 vs. 2022:

o Absolute Change: 4,606,317,831 - 3,564,051,710 = 1,042,266,121

o Percentage Change: (1,042,266,121 / 3,564,051,710) * 100 = 29.2%

3. Statement of Changes in Equity

Retained Earnings:

 2019: BDT 735,135,754

 2020: BDT 820,680,232

 2021: BDT 1,069,572,396

 2022: BDT 2,122,057,310

 2023: BDT 7,643,067,522

Calculations:

1. 2020 vs. 2019:

o Absolute Change: 820,680,232 - 735,135,754 = 85,544,478

 o Percentage Change: (85,544,478 / 735,135,754) * 100 = 11.6%

2. 2021 vs. 2020:

o Absolute Change: 1,069,572,396 - 820,680,232 = 248,892,164

o Percentage Change: (248,892,164 / 820,680,232) * 100 = 30.3%

3. 2022 vs. 2021:

o Absolute Change: 2,122,057,310 - 1,069,572,396 = 1,052,484,914

o Percentage Change: (1,052,484,914 / 1,069,572,396) * 100 = 98.4%

4. 2023 vs. 2022:

o Absolute Change: 7,643,067,522 - 2,122,057,310 = 5,521,010,212

o Percentage Change: (5,521,010,212 / 2,122,057,310) * 100 = 260.3%

4. Statement of Cash Flows

Net Cash from Operating Activities:

 2019: BDT 2,822,722,743

 2020: BDT 3,114,228,251

 2021: BDT 3,304,608,823

 2022: BDT 4,445,219,990

 2023: BDT 6,150,310,803

Calculations:

1. 2020 vs. 2019:

o Absolute Change: 3,114,228,251 - 2,822,722,743 = 291,505,508

o Percentage Change: (291,505,508 / 2,822,722,743) * 100 = 10.3%

2. 2021 vs. 2020:

o Absolute Change: 3,304,608,823 - 3,114,228,251 = 190,380,572

o Percentage Change: (190,380,572 / 3,114,228,251) * 100 = 6.1%

3. 2022 vs. 2021:

o Absolute Change: 4,445,219,990 - 3,304,608,823 = 1,140,611,167

o Percentage Change: (1,140,611,167 / 3,304,608,823) * 100 = 34.5%

4. 2023 vs. 2022:

o Absolute Change: 6,150,310,803 - 4,445,219,990 = 1,705,090,813

 o Percentage Change: (1,705,090,813 / 4,445,219,990) * 100 = 38.4%

Net Cash Used in Investing Activities:

 2019: BDT (373,527,357)

 2020: BDT (761,778,321)

 2021: BDT (677,755,326)

 2022: BDT (1,549,278,711)

 2023: BDT (4,840,498,193)

Calculations:

1. 2020 vs. 2019:

o Absolute Change: (761,778,321) - (373,527,357) = (388,250,964)

o Percentage Change: (-388,250,964 / -373,527,357) * 100 = 3.9%

2. 2021 vs. 2020:

o Absolute Change: (677,755,326) - (761,778,321) = 84,022,995

o Percentage Change: (84,022,995 / -761,778,321) * 100 = -11.0%

3. 2022 vs. 2021:

o Absolute Change: (1,549,278,711) - (677,755,326) = (871,523,385)

o Percentage Change: (-871,523,385 / -677,755,326) * 100 = 128.6%

4. 2023 vs. 2022:

o Absolute Change: (4,840,498,193) - (1,549,278,711) = (3,291,219,482)

o Percentage Change: (-3,291,219,482 / -1,549,278,711) * 100 = 212.0%

Net Cash Used in Financing Activities:

 2019: BDT (692,054,576)

 2020: BDT (1,583,492,044)

 2021: BDT (2,651,040,838)

 2022: BDT (3,036,421,560)

 2023: BDT (1,651,488,902)

Calculations:

1. 2020 vs. 2019:

o Absolute Change: (1,583,492,044) - (692,054,576) = (891,437,468)

 o Percentage Change: (-891,437,468 / -692,054,576) * 100 = 128.8%

2. 2021 vs. 2020:

o Absolute Change: (2,651,040,838) - (1,583,492,044) = (1,067,548,794)

o Percentage Change: (-1,067,548,794 / -1,583,492,044) * 100 = 67.4%

3. 2022 vs. 2021:

o Absolute Change: (3,036,421,560) - (2,651,040,838) = (385,380,722)

o Percentage Change: (-385,380,722 / -2,651,040,838) * 100 = 14.5%

4. 2023 vs. 2022:

o Absolute Change: (1,651,488,902) - (3,036,421,560) = (1,384,932,658)

o Percentage Change: (-1,384,932,658 / -3,036,421,560) * 100 = 45.6%

Summary

The horizontal analysis reveals the following trends:

 Assets: Significant fluctuation with a substantial increase in 2022 and 2023.

 Equity: Large increases in 2022 and 2023 after a drop in 2021.

 Liabilities: Reduced in 2021 but increased again in 2022 and 2023.

 Revenue and Profit: Both show a consistent upward trend with notable increases in recent
years.

 Cash Flows: Cash from operating activities increased, while cash used in investing and financing
activities showed significant changes.

These insights provide an overview of Marico Bangladesh Limited’s financial performance over the past
five years, reflecting growth in revenue and profitability despite fluctuations in assets, equity, and
liabilities.