Analysis of Unilever’sfinancial StatementsBy: Thao HoClass: Myriam English practice
Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofContent1. Types of financial analysis2. Key Financial Statemen...
Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofTypes of financial analysis3Developing trends can be seen usin...
Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofKey Financial Statements4BalancesheetIncomestatementFinancial ...
Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofHorizontal analysis of balance sheet5€ million € million € mil...
Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofDeveloping trend in 2008-20126
Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofTrend analysis of incomestatement72008 2009 2010 2011 2012 𝐶𝐶𝐶...
Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofPerformance evaluation in 2008-2012(Teacher’s comment: Use ano...
Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofAnalysis of Financial Ratios9•Current ratio• Quick ratio• Fixe...
Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofBalance sheet (years order should be thesames other slides)10€...
Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofConsolidated income statement11€ million2012€ million2011% cha...
Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofLiquidity ratios12€ million2012€ million2011CurrentRatio=Curre...
Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofActivity Ratios13€ million € million2012 2011Averagecollection...
Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofDebt ratios14€ million € million2012 2011Debt Ratio =Total Lia...
Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofProfitability Ratios15€ million € million2012 2011Return on Sa...
Upcoming SlideShare
Loading in...5
×

Analysis of unilever financial reports (1)

3,768

Published on

Published in: Economy & Finance, Business
0 Comments
2 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
3,768
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
143
Comments
0
Likes
2
Embeds 0
No embeds

No notes for slide

Analysis of unilever financial reports (1)

  1. 1. Analysis of Unilever’sfinancial StatementsBy: Thao HoClass: Myriam English practice
  2. 2. Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofContent1. Types of financial analysis2. Key Financial Statements3. Analysis of key financial Statements Horizontal analysis of balance sheet Trend analysis of income statement4. Analysis of Financial Ratios Liquidity ratios Activity Ratios Debt ratios Profitability ratios
  3. 3. Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofTypes of financial analysis3Developing trends can be seen using multi-yearcomparisonsTrend analysis - performance evaluation over timeFirms’ financial ratios compared at the same pointin time
  4. 4. Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofKey Financial Statements4BalancesheetIncomestatementFinancial Managers and analystsuse financial statements to conduct:- Performance (Ratio) Analysis
  5. 5. Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofHorizontal analysis of balance sheet5€ million € million € million € million € million𝐶𝐶𝐶𝐶2012 2011 2010 2009 2008non-current assets 34,019 33,221 28,683 26,205 24,967 6.38%Current assets 12,147 14,291 12,484 10,811 11,175 1.68%Total assets 46,166 47,512 41,167 37,016 36,142 5.02%Current liabilities 15,815 17,929 13,606 11,599 13,800 2.76%Non-current liabilities 14,635 14,662 12,483 12,881 11,970 4.10%Total liabilities 30,450 32,591 26,089 24,480 25,770 3.39%Shareholders’ equity 15,159 14,293 14,485 12,065 9,948 8.79%Non-controlling interest 557 628 593 471 424 5.61%Total equity 15,716 14,921 15,078 12,536 10,372 8.67%Total liabilities and equity 46,166 47,512 41,167 37,016 36,142 5.02%
  6. 6. Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofDeveloping trend in 2008-20126
  7. 7. Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofTrend analysis of incomestatement72008 2009 2010 2011 2012 𝐶𝐶𝐶𝐶Turnover (€ million) 40,523 39,823 44,262 46,467 51,324 4.84%Trend percentage 100% 98.27% 109.23% 114.67% 126.65%Operating profit (€million)7,167 5,020 6,339 6,433 6,989 -0.50%Trend percentage 100% 70% 88% 90% 98%Net profit (€ million) 5,285 3,659 4,598 4,623 4,948 -1.31%Trend percentage 100% 69% 81% 86% 93%
  8. 8. Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofPerformance evaluation in 2008-2012(Teacher’s comment: Use another type ofchart to describe easier8
  9. 9. Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofAnalysis of Financial Ratios9•Current ratio• Quick ratio• Fixed asset turnover• Total asset turnover• Average collection period• Debt-to-equity ratio• Debs ratio• Return on sales (Grossmargin)• Return on total assets• Return on equityActivity RatiosDebt RatiosProfitability RatiosLiquidity Ratios
  10. 10. Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofBalance sheet (years order should be thesames other slides)10€ million € million2012/20112012 2011Goodwill and intangible assets 21,718 21,913 -0.89%Other non-current assets 12,301 11,308 8.78%Current assets 12,147 14,291 -15.00%Total assets 46,166 47,512 -2.83%Current liabilities 15,815 17,929 -11.79%Non-current liabilities 14,635 14,662 -0.18%Total liabilities 30,450 32,591 -6.57%Shareholders’ equity 15,159 14,293 6.06%Non-controlling interest 557 628 -11.31%Total equity 15,716 14,921 5.33%Total liabilities and equity 46,166 47,512 -2.83%
  11. 11. Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofConsolidated income statement11€ million2012€ million2011% changeTurnover (€ million) 51,324 46,467 10.50%Operating profit (€ million) 6,989 6,433 9%Core operating profit* (€ million) 7,062 6,289 12%Profit before tax (€ million) 6,683 6,245 7%Net profit (€ million) 4,948 4,623 7%Diluted earnings per share (€) 1.54 1.46 5%Core earnings per share* (€) 1.57 1.41 11%
  12. 12. Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofLiquidity ratios12€ million2012€ million2011CurrentRatio=Current AssetsCurrent Liabilities12,14715,8150.76814,29117,9290.797QuickRatio=Current Assets - InventoryCurrent Liabilities12,147 - 4,43615,8150.48814291-4601179290.540
  13. 13. Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofActivity Ratios13€ million € million2012 2011Averagecollectionperiod=Accounts receivableAverage sales per day4,43651,324/36531.5474,51346,467/36535.450Fixed Assetturnover=SalesNet fixed assets51,3249,4455.43446,4678,7745.296Total assetturnover=Salestotal assets51,32446,1661.11246,46747,5120.978
  14. 14. Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofDebt ratios14€ million € million2012 2011Debt Ratio =Total LiabilitiesTotal Assets30,45046,1660.66032,59147,5120.686Debt- Equityratio=Total debtStockholders equity30,45015,159 2.00932,59114,2932.280
  15. 15. Prof. Dr. Rainer StachuletzCorporate FinanceBerlin School ofProfitability Ratios15€ million € million2012 2011Return on Sales(RoS)=Net IncomeNet Sales4,94851,3240.0964,62346,4670.099Return on totalassets (RoA)=Net IncomeTotal assets4,94846,1660.1074,62347,5120.097Return oncommon Equity(RoE)=Net Incomestockholders equity4,94844801.1044,62342521.087
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×