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Emirates Financial Essay

1765 Words8 Pages

Finance
Name
Institution’s Name

1- Introduction
Emirates Telecommunications Corporations (Etisalat) is a UAE based Telecommunications Company that operates in Asia, Africa and Middle East. The company was founded in 1876 as joint stock Company in Britain, but in 1983 it changed ownership to United Arab Emirates government. It commenced on cellular operations in 2001, under Ufone brand name. Etisalat is currently the 12th largest mobile network operator in the world and has over 150 million customers. Further, the company is one of the Internet hubs in the area of operations and provides connectivity to other telecommunication industry players. Etisalat is also the largest carrier of the international voice traffic not only in Middle …show more content…

Total Equity 11353.5476 13588.6777 13501.9592
Total Liabilities & Equity 19844.18 23033.9893 23336.6551

Emirates Telecommunications Corp (ETISALAT DH) - Standardized In Millions of USD except Per Share FY 2011 FY 2012 FY 2013 12 Months Ending
Revenue 8778.1687 8969.8836 10578.0922 Product/Brand Segments 8778.167904 8969.883604 10578.0922 Mobile Telephone 8778.167904 8969.883604 10578.0922 Geographic Segments 8778.167904 8969.883604 10578.10908 United Arab Emirates 6398.37962 6193.045724 6741.91678 Asia 384.9754811 425.8110306 1706.783358 Pakistan -- -- 1296.218786 Rest of Asia -- -- 410.5645723 Egypt 1225.169494 1381.707788 1291.04589 Nigeria -- 805.0659958 909.6128886 Africa 693.9904536 755.5150958 760.4156833 Reconciliation 75.65285498 -591.2620301 -831.6655166 - Operating Expenses 7025.2479 7074.5467 8389.7291
Operating Income 1752.9208 1895.3369 2188.3631 Product/Brand Segments -- 1470.013209 2291.865916 Mobile Telephone -- 1470.013209 2291.865916 Geographic Segments -- 1470.013209 2291.865916 United Arab Emirates -- 2555.273481 3142.879696 Rest of the World -- 389.3764172 465.5072599 Pakistan -- 2.29812718 …show more content…

4- You have theoretically write about the tools used in financial statement analysis.
Operating Income to Net Sales Ratio
Operating Income = Operating Income to Net Sales Ratio
Net Sales
Operating Income to Net Sales ratio depicts the profitability of the sales resulting from the regular business operations including buying, selling and other operations.
Gross Profit on Net Sales
Gross Profit on Net Sales seeks to establish whether the firms’ markup goods cover the company expenses and therefore, whether the firm gets profit. The ratio also reveals whether the gross profit rate is continually lower than the average margin.
Current Ratio = Current Assets Current Liabilities Mainly, the current ratio measures the ability of a company to meet short term obligations using short term. It also helps to know the firms cash flow in the near future (Houston and Brigham, 2009).
Quick Ratio = Cash +AR + Marketable Securities Current Liabilities
Quick ratio or acid ratio indicates whether the firm has enough short-term assets to cover its immediate liabilities or not and therefore whether it isin a position to pay its bills without selling the inventory (Houston & Brigham, 2009).
Working Capital = Current Assets – Current

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