profit decreased enormously. In addition to this, if we compare sales in 2008 to 2007, sales in 2008 almost doubled. However, interestingly enough, gross profit in 2008 was much smaller than in 2007. We think that these facts are worthy of notice and we will figure out what is making these differences between sales and gross profit in process of time.
(3) Common size income statements
(%) 20
Common Costs
-Cost for the LVMH headquarter building maintenance
LVMH is the enterprise which consists of five business group. So the cost of the LVMH headquarter building for maintenance is fixed cost but not traceable.
-Cost to make LVMH’s annual report
To make an annual report of LVMH, each business group should get audited and financial statements of each business segment should be
common-size income statements (Unit : Won)
When you see I/S of Shinsegae from 2005 to 2008, some parts are remarkable. For example, Sales Revenue, Gross Profit or Loss, Operating Income or Loss, Income Loss Before Income Taxes Expenses and Net income or Loss has increased steadily since 2005. So this company can be said had been good at management.
Nowadays, global economic crisis is