an analysis Project for Edta Financial Statements From (2016:2019) and Comparing to Peers (Domty & Obourland) This analysis was a part of Accounting for Managers Subject in My Study For MBA

5. EDITA Food Industries S.A.E.
Income Statement Vertical Ananlysis
For Years Ended December 31, 2019, 2018, 2017 and 2016
Description 2019 2018 2017 2016
INCOME
Revenue from sale of goods and services (Net of discounts) 100.00% 100.00% 100.00% 100.00%
Less: Cost of Goods Sold (COGS) 64.67% 67.92% 68.93% 64.11%
Revenue from sale of goods and services (Net of Cost of Sales) (I) 35.33% 32.08% 31.07% 35.89%
Total Expenses (II) 22.76% 18.96% 19.75% 20.79%
Operating profit (I) -(II) 12.57% 13.12% 11.32% 15.10%
PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX 12.25% 10.89% 8.93% 3.69%
Less : Tax Expense
Income tax expense 3.25% 2.85% 1.97% 1.79%
PROFIT AFTER TAX 9.00% 8.04% 6.96% 1.90%

8. EDITA Food Industries S.A.E.
Balance Sheets For Years Ended December 31, 2019, 2018, 2017 and 2016
Description 2019 2018 2017 2016
Assets
Current Assets EGP 1,201,421,470 EGP 770,768,286 EGP 609,449,183 EGP 797,707,406
Non-Current Assets EGP 2,223,554,271 EGP 2,065,008,691 EGP 2,099,867,082 EGP 1,637,372,885
Total Assets EGP 3,424,975,741 EGP 2,835,776,977 EGP 2,709,316,265 EGP 2,435,080,291
Liabilities and Stockholder's Equity
Liabilities
Non-Current Liabilities EGP 841,450,823 EGP 660,354,463 EGP 961,658,595 EGP 762,495,759
current Liabilities EGP 942,293,570 EGP 726,485,843 EGP 517,431,222 EGP 544,222,944
Total Liabilities EGP 1,783,744,393 EGP 1,386,840,306 EGP 1,479,089,817 EGP 1,306,718,703
Stockholder's Equity
Total Stockholder's Equity EGP 1,641,231,348 EGP 1,448,936,671 EGP 1,230,227,079 EGP 1,128,361,588
Total Liabilities and Stockholder's Equity EGP 3,424,975,741 EGP 2,835,776,977 EGP 2,709,316,896 EGP 2,435,080,291

9. EDITA Food Industries S.A.E.
Horizontal Analysis of Comparative Balance Sheets
For Years Ended December 31, 2019, 2018, 2017 and 2016
Description Horizontal Variance for '19 & '16 Horizontal Variance for '18 & '16 Horizontal Variance for '17 & '16
Assets
Current Assets EGP 403,714,064 50.6% EGP (26,939,120) -3.4% EGP (188,258,223) -23.6%
Total Assets EGP 989,895,450 40.7% EGP 400,696,686 16.5% EGP 274,235,974 11.3%
Liabilities and Stockholder's
Equity
Liabilities
Non-Current Liabilities EGP 78,955,064 9.4% EGP (102,141,296) -13.4% EGP 199,162,836 26.1%
Total Liabilities EGP 467,393,336 35.8% EGP 80,121,603 6.1% EGP 172,371,114 13.2%
Stockholder's Equity
Total Stockholder's Equity EGP 512,869,760 45.5% EGP 320,575,083 28.4% EGP 101,865,491 9.0%

10. EDITA Food Industries S.A.E.
Vertical Ananlysis of Comparitive Balance Sheets
For Years Ended December 31, 2019, 2018, 2017 and 2016
Description 2019 2018 2017 2016
Assets
Current Assets 35.1% 27.2% 22.5% 32.8%
Non-Current Assets 64.9% 72.8% 77.5% 67.2%
Total Assets 100.0% 100.0% 100.0% 100.0%
Liabilities and Stockholder's Equity
Liabilities
Non-Current Liabilities 24.6% 23.3% 35.5% 31.3%
current Liabilities 27.5% 25.6% 19.1% 22.3%
Total Liabilities 52.1% 48.9% 54.6% 53.7%
Stockholder's Equity
Total Stockholder's Equity 47.9% 51.1% 45.4% 46.3%
Total Liabilities and Stockholder's Equity 100.0% 100.0% 100.0% 100.0%

12. Period Ending 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16
Net cash flow from Operating Activities 516,415,932
EGP 476,412,659
EGP 560,756,786
EGP (220,300,391)
EGP
Net cash outflow from investing activities (529,445,210)
EGP (36,689,836)
EGP (515,060,913)
EGP (280,261,995)
EGP
Net cash flow from financing activities (71,258,973)
EGP (200,224,590)
EGP 44,224,818
EGP 111,076,802
EGP
For years ended 31 December, 2019, 2018, 2017 & 2016
EDITA Food Industries S.A.E.
Statements of Cash Flows
Net Change in Cash (84,288,251)
EGP 239,498,233
EGP 89,920,691
EGP (389,485,584)
EGP
Period Ending 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16
Net cash flow from Operating Activities 516,415,932
EGP 476,412,659
EGP 560,756,786
EGP (220,300,391)
EGP
Net cash outflow from investing activities (529,445,210)
EGP (36,689,836)
EGP (515,060,913)
EGP (280,261,995)
EGP
Net cash flow from financing activities (71,258,973)
EGP (200,224,590)
EGP 44,224,818
EGP 111,076,802
EGP
For years ended 31 December, 2019, 2018, 2017 & 2016
EDITA Food Industries S.A.E.
Statements of Cash Flows
Ne
t C
hange in C
ash (84,288,251)
EG
P 239,498,233
EG
P 89,920,691
EG
P (389,485,584)
EG
P

14. Quick Ratio
2019
1.08
2018 0.73 + 0.35
Current Ratio
2019
1.43
2018 1.17 + 0.26
Sales Growth
2019
6.6%
2018 24.1% - 17.5%
Gross Profit Margin
2019 35.3%
2018 32.1 % + 3.2 %
Price Earning
2019
26.3
2018 30.4 - 4.1
Return on Equity
2019
30%
2018 28.4% + 1.6%

15. Inventory Turnover
2019
2.23
2018 2.19 + 0.04
Receivable Turnover
2019
6.06
2018 8.39 - 2.33
Asset Growth
2019 20.8%
2018 4.7% + 16.1%
Debt To Equity
2019 108.7%
2018 95.7 % + 13%
Income Growth
2019
19.8%
2018 12.4% + 7.4%

16. Current Ratio
2019 2018 2017 2016
Edita 1.43 1.17 0.63 1.05
Domty 1.26 1.21 1.12 1.09
Obourland 2.53 2.66 1.45 1.27
0.00
0.50
1.00
1.50
2.00
2.50
3.00
2019 2018 2017 2016
Current Ratio
Edita Domty Obourland

17. Receivable Turnover
2019 2018 2017 2016
Edita 6.06 8.39 5.19 4.73
Domty 3.47 3.05 2.98 3.21
Obourland 71.86 99.74 30.29 141.01
-
20.00
40.00
60.00
80.00
100.00
120.00
140.00
160.00
2019 2018 2017 2016
Receivable Turnover
Edita Domty Obourland

18. Gross Profit Margin
2019 2018 2017 2016
Edita 35.3% 32.1% 31.1% 35.9%
Domty 33.3% 26.1% 22.0% 21.8%
Obourland 22.9% 23.8% 23.9% 25.2%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
2019 2018 2017 2016
Profit Margin
Edita Domty Obourland

19. Quick Ratio
2019 2018 2017 2016
Edita 1.08 0.73 0.33 0.63
Domty 0.95 0.93 0.91 0.82
Obourland 0.71 0.88 0.62 0.53
0
0.2
0.4
0.6
0.8
1
1.2
2019 2018 2017 2016
Quick Ratio
Edita Domty Obourland

20. Price Earnings (P/E)
2019 2018 2017 2016
Edita 26.26 30.43 53.85 63.09
Domty 16.14 17.23 45.89 71.92
Obourland 6.98 6.46 8.90 --
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
80.00
2019 2018 2017 2016
Price Earnings (P/E)
Edita Domty Obourland

21. Debt to Equity
2019 2018 2017 2016
Edita 108.68% 95.71% 120.23% 115.81%
Domty 92.37% 107.06% 144.18% 190.97%
Obourland 15.94% 32.03% 40.37% 84.22%
0.00%
50.00%
100.00%
150.00%
200.00%
250.00%
2019 2018 2017 2016
Debt to Equity
Edita Domty Obourland

22. Revenue Growth
2019 2018 2017 2016
Edita 6.6% 24.1% 21.6% 12.5%
Domty 21.6% 32.4% 14.9% 3.0%
Obourland 7.66% 16.33% 42.5% 24.0%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
2019 2018 2017 2016
Revenue Growth
Edita Domty Obourland

23. Exemplary show case
Break-Even Analysis
Product Name Date :
For the Period: Jan.1, 2021 - Dec.31, 2021
Selling Price (P): $ 34,590
Break-Even Units (X): 165 Units
Break-Even Sales (S): $ 5,707,350
Fixed Costs
Advertising $ 3,500,000
Depreciation $ 35,900
Manufacturing $ 50,000
Payroll $ 1,300
Total Fixed Costs (TFC) $ 3,587,200
Variable Costs
Variable Costs based Amount per Unit
Cost of Goods Sold $ 3,400 per unit
Direct Labor $ 7,500 per unit
Overhead $ 10 per unit
Sum: $ 10,910
Variable Costs Based on Percentage
Commissions 4.60% per unit
Other (Specify) 1.00% per unit
Sum: 5.60%
Total Variable Cost per Unit (V) $ 12,847
Contribution Margin per unit (CM) = P - V $ 21,743
Contribution Margin Ration (CMR) = 1 - V/P = cm / P 62.86%
Break - Even Point
Break - Even Units (X) X = TFC / (P-V) 165
Break - Even Units (S) S = X * P = TFC / CMR $ 5,707,350

24. Reducing the Amount of
Fixed Cost
Reducing the Variable
Cost Per Unit
Increase Selling Price

25. Break-Even Analysis
Product Name Date :
For the Period: Jan.1, 2020- Dec.31, 2020
Selling Price (P): $ 34,590
Break-Even Units (X): 156 Units
Break-Even Sales (S): $ 5,396,040
Fixed Costs
Advertising $ 3,500,000
Depreciation $ 35,900
Manufacturing $ 50,000
Payroll $ 1,300
Total Fixed Costs (TFC) $ 3,587,200
Variable Costs
Variable Costs based Amount per Unit
Cost of Goods Sold $ 3,060 per unit
Direct Labor $ 6,750 per unit
Overhead $ 10 per unit
Sum: $ 9,820
Variable Costs Based on Percentage
Commissions 4.00% per unit
Other (Specify) 1.00% per unit
Sum: 5.00%
Total Variable Cost per Unit (V) $ 11,550
Contribution Margin per unit (CM) = P – V $ 23,041
Contribution Margin Ration (CMR) = 1 - V/P = cm / P 66.61%
Break - Even Point
Break - Even Units (X) X = TFC / (P-V) 156
Break - Even Units (S) S = X * P = TFC / CMR $ 5,396,040

26. Investing Activities
Cost Structure For Bakery & Rusk
Financing Growth

27. Profit Margin
Inventory Turnover
Quick Ratio

28. Receivables Turnover
Overall Performance