Audit and economical analysis

Tax burden analysis

Years	Amount of assessed and paid taxes and other mandatory payments	Sales revenue	New value created	Tax burden
				Income from sales	In relation to value added
A	1	2	3	4	5
2016	860 969 894	3 362 225 550	2 474 622 038	25.5	34.7
2017	1 247 387 351	5 180 801 340	3 191 287 162	24.07	39.1
Difference, +,-	386 417 457	1 818 575 790	716 665 124	-0.8	4.4

Conclusion: The enterprise's tax burden declined from 25.5 to 24.07 per cent. From 34.7 to 39.1 percent, the value of the newly created value has increased.

 

Net Profit and Analysis of Factors Affecting It

 

Competitiveness in the enterprise depends, first of all, on increasing productivity, increasing the efficiency of the enterprise and maintaining its future outcomes.

The growth of net profit is also a prerequisite for the development and expansion of production, changing labor attitudes, enhancing investment attractiveness and maintaining market activi- ties.

It is possible to add the following effects units that summarize the above sources for factors that affect the net profit and its change.

Table 200

Net profit and factors affecting its change

Outcome indicators	Impact factors
1. Gross profit from sale of products (goods, works and services)	1.1. Changes in prices of sold goods
	1.2. Raw materials, supplies, energy costs, and tariff changes
	1.3. Change in the volume of sales
	1.4. Changes in sales of product sold through sales revenue
	1.4. Due to the change in the cost of one sum of products
	1.5. Due to the cost effect of the structural changes in the sales product
	+,-
2. Benefits of main activity	Sale Expenses
	Administrative expenses
	Other operating costs
	The deductible expenses of the reporting period after taxation
	Other operating income
	+,-
Take advantage of your global business	Income from financial activity
	Expenses from financial activities
	+,-
Benefits until tax	Emergency Income
	Extraordinary expenses
	+,-
Net profit	Benefit tax
	Other mandatory payments
	-
Distribution of net profit	Development and expansion of production (savings)
	Formation (accumulation) of reserves (reserve)
	For the Beneficent
	Increase of statutory capital (in the order established by the legislation)
	=
Undistributed benefits	Collected, aggregated.

Table 201

Net Profit and Its Factor Analysis

Impact factors	Definition formula	Impact Level	Note
1.General change of gross profit from sales	∆ R = R1 – R0,	1 131 910 666
1.1 Changes in prices of sold goods	∆R1 = ∑ q1p1- ∑ q1p0	328 676 775
1.2. Raw materials, supplies, energy costs, and tariff changes	∑ q1pk- ∑ q1p1	-488 289 775
1.3. Change in the volume of sales	K1 = ∑ q1s0/ ∑ q0s0, K1*R0-P0	178 891 297
1.4. Changes in sales of product sold through sales revenue	R0*K2 K2=(∑ q1p0/∑ q0po-∑ q1s0/∑ q0s0 )	1 874 444 428
1.4. Due to the change in the cost of one sum of products	∑ q1s0-∑ q1sk	-390 618 967
1.5. Due to the cost effect of the structural changes in the sales product	∑ q0s0*K1-∑ q0s0	-371 193 305
Current expenses, including total:	∆ DX=DX1-DX0	-184 442 245
Sale Expenses	Sc1- Sc0	-
Administrative expenses	Sm1- Sm0	-
Other operating costs	So1- So0	-43 324 026
The deductible expenses of the reporting period after taxation	St1- St0	-
Other operating income	Pb1- Pb0	-
Profit (loss) of main activities	∆ Af= Af 1-Af 0	960 792 447
Income from financial activities, including:	∆ Mfd	237 677 082
Income in the form of dividends	D1-D0	-
Interest Income	Fd1-Fd0	-
Income from finance leases	MId1-MId0	-
Income from the exchange rate difference	VKd1- VKd0	-
Other Income of Financial Activities	MBd1-MBd0	-
Costs of financial activities, including:	∆ Mfx	-674 407 750
Interest-bearing expenses	Fx1-Fx0	-
Interest expense on finance lease	MIx1-MIx0	-
Currency loss differences	VKx1- VKx0	-
Other expenses on financial activities	MBx1-MBx0	-
Benefits (loss) of gross operating activities	∆ Uxfn= Uxfn1- Uxfn0	524 061 779
Emergency benefits and losses analysis		-
Profit (loss) until profit tax is paid (line 2120 +/- 230)	∆ Fn= Fn1 – Fn0	524 061 779
Income tax	∆ Fs= Fs1 – Fs0	-14 426 214
Other taxes and mandatory payments	∆ Fbs= Fbs1 – Fbs0	-43 290 888
Net profit	SF1-SF0	466 344 677

Conclusion: The net profits were 466,344,677 thousand UZS more than the previous year, with the following positive and negative factors.

Among the positive factors were the change in prices for sold goods (328,676,998 thousand UZS), the change in the volume of sales (178,851,297 thousand UZS), the change in the structure of sales (1,874,444,448 thousand UZS) m), income from financial activity (237,677,082 thousand UZS);

The negative impacts were: change in prices for raw materials, materials, energy costs (-488 289 775 thousand UZS), cost of one sum of goods (-390 618 967 thousand UZS), sold due to the impact of the structural changes in the structure of products (by -371,193,305 thousand UZS), due to current expenditures (UZS 184,442,245 thousand), due to the increase in expenses for financial activity (-674,407,750 thousand UZS) m), due to change in tax, other taxes and payments (14 426 214 thousand UZS and 43 290 888 thousand UZS).

 

Analysis of profitability indicators and factors affecting them

 

The most important support for productivity and competitiveness of the enterprise is its level of profitability. Profitability - a profitable "profit"⁵⁹ - means profits, profit.

Its economic context is the productivity of natural resources, labor and financial resources as well as the use of natural resources.

There are several groups of profitability - a group of assets, production, sales and capital renegotiation. Each group has a few indicators system. However, in the case of an assessment, each of them is evaluated and evaluated separately.

Key features of profitability:

• 
  ROA Return on Assets = average annual value of net profit / assets
  

• 
  sales profitability = Gross profit of sales of products (goods, works and services) / Net profit from sales
  
• 
  ROS Return On Sales = Operational Return Profit / Net Revenues
  
• 
  ROE Return On Equity = Net Profit / Private Equity
  

Additional Indicators:

• 
  Net Profitability = Net Profit / Average Annual Cost of Credits;
  
• 
  Employee Benefit (ROL) = Net Profit / Employee Costs (Wage Fund and Other Costs for Employees);
  
• 
  Basic earning power - profit / tax rate / average annual value of assets (BEP = EBITDA / average annual value of assets;
  
• 
  ROIC - Operational profit / own source of funds and long-term debt capital (ROIC = EBIT × (100% - VAT rate) / invested capital.
  

In some cases borrowed capital is fully recovered. ROIC = (EBIT (100% - Profit Tax Rate) Interest on Loan Capital) / (Private Equity + Loan Equity);

• 
  Net profit / profit (Source of equity + long-term borrowings) (ROCE);
  
• 
  Total asset profitability (ROTA) = profit / loss ratio up to tax;
  
• 
  Business Profitability (ROBA) = Net Profit / Business Assets;
  
• 
  Net Profitability (RONA) = Profit / Net Assets to Solidarity;
  
• 
  Profitability = Net Profit / (Main assets + Turnover assets);
  
• 
  Profitability of the margin - the cost price of the product sold and the product sold;
  
• 
  And other indicators.
  

Efficiency profitability indicators: gross earnings, cost, asset, equity, capital adequacy indicators: gross profit, operating profit, profit tax, net profit.