Examining the financial statements of Saipa for 9 months in 1402 shows only one issue and that is this.

Examining Saipa’s 9-month financial statements in 1402 shows only one thing, and that is that with every passing hour of the company’s life, Saipa’s accumulated losses increase. According to the latest financial statement, Khasapa has recognized a net loss of more than 9,847 billion tomans in the 9 months of this year.

A review of Saipa’s 9-month 1402 financial statements shows that the company recorded a heavy loss of 9,847 billion tomans during this period. By dividing this number into smaller time frames, it is clear that Saipa loses more than 1,94 billion tomans per month and 36 billion tomans per day for the production of its products. This means that Saipa adds one billion and 519 million tomans to its accumulated losses with every hour of its existence.

Saipa’s production costs became heavier
But what is Saipa’s loss caused by?

A look at Saipa’s production costs in the 9 months of this year indicates that about 94% of the company’s total cost is spent on direct consumables. This number has grown by more than 73% compared to 9 months of last year and has reached 60,887 billion tomans from 35,186 billion tomans.

On the other side of the story, SAIPA’s salary and wage costs record high figures. Because Saipa pays an average of 82 million tomans for its production employees. It should be emphasized that this number is not the monthly payment of employees. But it is included in the production costs.

It should be mentioned that earlier in a report entitled “Iran Khodro’s average monthly salary reached 92 million tomans/Iran Khodro’s magic to hide losses”, the growth of the average monthly salary of Iran Khodro’s production employees was also discussed.

In this way, the two issues of growth of direct consumables and employees’ wages caused Saipa’s income to be less than its cost in most time periods, so that the ground for generating losses was provided.

It should be noted that the total price of the company’s sold products in this period reached 64,626 billion tomans, which led to the recognition of a gross loss of 4,756 billion tomans. It should be mentioned that Saipa had recognized a gross profit of 952 billion tomans in this part in 9 months of last year, but again in 1402 Saipa returned to its loss-making factory settings.

Saipa’s operating loss increased 4.7 times
Saipa’s general, administrative and organizational expenses also increased by 45% in 9 months of 1402 and reached 3,794 billion tomans from 2,606 billion tomans. The same thing caused Khasapa’s operational loss to reach 7,278 billion Tomans from 1,535 billion Tomans in 9 months of 1401 with a jump of 374%.

Also, Saipa’s net loss increased from 3,726 billion tomans in 9 months of last year to 9,847 billion tomans with a jump of 164%. The same thing caused the cumulative loss of Saipa to reach more than 48 hemat at the end of this period.

source; Tejarat News

This post is written by shadmanamini