The document provides an analysis of financial reports for Cochin Port Trust from 2011-2016. It summarizes that Cochin Port Trust is a government body that manages the port of Kochi and is among the 13 major ports in India. It analyzes key financial ratios for Cochin Port Trust over this period such as current ratio, quick ratio, liquid ratio, return on investment, return on assets, solvency ratio, and debt-equity ratio. Most ratios show a decline or increasing debt, indicating weaker liquidity and financial position from 2011-2016.

1. FINANCIAL
REPORTING
ANALYSIS

2. COCHIN PORT TRUST
• Body of government of India that manages the port of Kochi.
• Trust is an ISO 9001-2008 certified organization in terms of
quality services
• It is among the 13 major ports in India
• It is a regular member of the International association of ports
and harbor.
• The major items handled at the port are higher value, low
volume cargos

3. MAJOR IMPORT ITEMS
 Crude oil
 Food grains
 Fertilizers
 Coal
 Raw cashew nut
 Machinery
 Hardware
 Newsprint
 Zinc concentrate
 Bauxite
 Iron and steel

4. MAJOR EXPORT ITEMS
 Tea
 Coffee
 Marine products
 Spices
 Cashew kernels
 Coir products
 Chemicals
 Illuminate
 Electrical spares

5. MAJOR FUNCTIONS
To provide cargo handling services
To provide berthing and services to ship
To manage land holding to support development and trade
activity connection with cargo handling

6. ANALYSIS AND INTERPRETATION
CURRENT RATIO
2011-12 2012-13 2013-14 2014-15 2015-16
CURRENT
RATIO
1.08 0.89 0.68 0.61 0.55
Interpretation: The ideal ratio for current ratio is 2:1 as norm in the industry.
However CoPT is not involved in any manufacturing activity and concerned with
providing service in order to increase the imports and exports. It is found that there
is a decline in the current ratio, since the current liability has an increase in the last
3 years.

7. QUICK RATIO
QUICK RATIO= ( Current assets-Inventories) ∕ (Current liabilities –
Overdraft)
2011-12 2012-13 2013-14 2014-15 2015-16
QUICK RATIO 1.09 0.88 0.68 0.61 0.55
Interpretation:
Quick ratio helps us to measure the firms ability to meet its current liabilities.
The figures shows that firms ability to meet its liability is decreasing.

8. LIQUID RATIO
CASH RATIO = ( Absolute liquid assets) / (Current liabilities-Bank
Overdraft)
2011-12 2012-13 2013-14 2014-15 2015-16
LIQUID RATIO 0.57 0.43 3.19 0.30 0.21
Interpretation:
This ratio measures the absolute liquidity of the firm and the figures
shows that there has been an increase in the ratio since the year 2013-
14, and it can be concluded that there has an huge increase in cash in
hand and bank

9. RETURN ON INVESTMENT
ROI = (Net Profit after interest and tax) / (Shareholders funds) *100
2011-12 2012-13 2013-14 2014-15 2015-16
Return on
Investment
81.52 36.24 37.77 19.91 8.08
Interpretation:
Overall efficiency of the firm was higher at 2011-12, and it went on in a
decreasing rate since its Net Profit after Interest and Tax decreases.

10. RETURN ON ASSETS
ROA = (Net Profit after interest and tax) / (Total Assets)
2011-12 2012-13 2013-14 2014-15 2015-16
Return on
Assets
(0.12) (0.09) (0.14) (0.09) (0.05)
Interpretation:
The ratio has been increased in these 5 years, since we have seen that there
is a net loss with respect to total assets.

11. SOLVENCY RATIO
Solvency ratio = ( Total liabilities to Outsiders) / (Total Assets)
2011-12 2012-13 2013-14 2014-15 2015-16
Solvency Ratio 0.45 0.44 0.64 0.76 0.80
Interpretation:
It has been observed that CoPT has a higher solvency ratio. It shows that it
is less stable in the long term solvency of the firm. It shows that the firms
ability is less to meet the fixed interest, costs and repayment schedules in
connection with its long term liabilities.

12. DEBT-EQUITY RATIO
2011-12 2012-13 2013-14 2014-15 2015-16
DEBT-EQUITY
RATIO
1.59 1.47 1.42 1.97 5.69
Interpretation:
CoPT is not having any outside debt except from Govt of India. CoPT
has an increase in debt-equity ratio