A key problem in financial reporting is annotating drivers of variance. For example:
These are questions a financial analyst manually analyses, adding annotations to the report. But these can be automated.
This natural language generator by Gramener applies these simple rules:
The annotations are similar to a human's, but without human error. It sets a starting point for exploration, letting people focus on review rather than execution.
Change the month to see the automated annotations for different periods. Or pick a different geography or product.
| Financials (US $m) | This month | Last month | Last quarter | Last year | Drivers |
|---|---|---|---|---|---|
| Asset | Dec 2016 | Nov 2016 | Sep 2016 | Dec 2015 | Comparison against Sep 2016 (last quarter) |
|
Cash
Variance
% change
|
5,701 |
1,677
4,024
+240%
|
2,958
2,743
+93%
|
1,879
3,822
+203%
|
|
|
Bank
Variance
% change
|
7,104 |
6,660
444
+7%
|
2,186
4,917
+225%
|
7,598
-494
-7%
|
|
|
Accounts Receivable
Variance
% change
|
22,355 |
9,386
12,969
+138%
|
45,627
-23,272
-51%
|
46,579
-24,224
-52%
|
Primarily driven by a decrease in Loan (-12,345 $m) and in Receivable (Corporate) (-11,309 $m) |
|
Fixed Assets
Variance
% change
|
22,350 |
10,009
12,341
+123%
|
52,560
-30,210
-57%
|
10,572
11,778
+111%
|
Primarily driven by a decrease in Equipment (-24,781 $m) |
|
Investments
Variance
% change
|
10,315 |
45,585
-35,270
-77%
|
43,823
-33,507
-76%
|
20,437
-10,122
-50%
|
Primarily driven by a decrease in Shares (-25,326 $m) |
|
Inter Company
Variance
% change
|
7,233 |
5,017
2,216
+44%
|
6,484
749
+12%
|
4,419
2,814
+64%
|
|
|
Other Assets
Variance
% change
|
957 |
26,641
-25,684
-96%
|
4,078
-3,121
-77%
|
2,942
-1,985
-67%
|
|
|
Good Will
Variance
% change
|
2,530 |
5,580
-3,051
-55%
|
2,786
-256
-9%
|
3,789
-1,259
-33%
|
|
| Income | Dec 2016 | Nov 2016 | Sep 2016 | Dec 2015 | Comparison against Sep 2016 (last quarter) |
|
Card Fee
Variance
% change
|
12,899 |
19,115
-6,216
-33%
|
14,410
-1,511
-10%
|
9,116
3,783
+42%
|
Primarily driven by a decrease in Card Fee (-5,566 $m), partially offset by an increase in Loss on Card fee (4,054 $m) |
|
Discount Revenue
Variance
% change
|
2,213 |
7,543
-5,330
-71%
|
15,319
-13,106
-86%
|
4,143
-1,930
-47%
|
|
|
Commission
Variance
% change
|
3,081 |
3,367
-286
-8%
|
2,421
660
+27%
|
2,828
254
+9%
|
|
|
Other Income
Variance
% change
|
34,587 |
42,673
-8,086
-19%
|
19,040
15,546
+82%
|
14,661
19,926
+136%
|
Primarily driven by an increase in Interest on Loans (17,607 $m), partially offset by a decrease in Interest on Deposits (-2,997 $m) |
| Liability | Dec 2016 | Nov 2016 | Sep 2016 | Dec 2015 | Comparison against Sep 2016 (last quarter) |
|
Loans and Advances
Variance
% change
|
-24,971 |
-74,910
49,939
-67%
|
-39,523
14,553
-37%
|
-20,665
-4,306
+21%
|
Primarily driven by a decrease in Interest Payable (-10,672 $m) |
|
Accounts Payable
Variance
% change
|
-8,986 |
-6,597
-2,389
+36%
|
-28,704
19,717
-69%
|
-3,668
-5,318
+145%
|
Primarily driven by a decrease in Travelers Cheque Outstanding (-11,713 $m) |
|
Equity
Variance
% change
|
-7,943 |
-22,480
14,536
-65%
|
-16,074
8,130
-51%
|
-9,955
2,012
-20%
|
Primarily driven by a decrease in Retained Earning (-5,669 $m) |
|
Stock
Variance
% change
|
-1,272 |
-2,800
1,528
-55%
|
-2,854
1,582
-55%
|
-1,755
483
-28%
|
|
|
Inter Company
Variance
% change
|
-8,327 |
-6,421
-1,906
+30%
|
-9,162
835
-9%
|
-7,522
-805
+11%
|
|
|
Other Liabiities
Variance
% change
|
-1,442 |
-17,309
15,866
-92%
|
-10,890
9,447
-87%
|
-5,666
4,223
-75%
|
|
| Expense | Dec 2016 | Nov 2016 | Sep 2016 | Dec 2015 | Comparison against Sep 2016 (last quarter) |
|
Employee Benefits
Variance
% change
|
-40,613 |
-7,678
-32,935
+429%
|
-24,218
-16,395
+68%
|
-32,715
-7,898
+24%
|
Primarily driven by a decrease in Other Employee Expenses (-17,109 $m) |
|
Membership Rewards
Variance
% change
|
-6,155 |
-15,305
9,151
-60%
|
-483
-5,672
+1174%
|
-3,043
-3,111
+102%
|
|
|
Mangemnt Expenses
Variance
% change
|
-3,924 |
-7,410
3,486
-47%
|
-5,770
1,847
-32%
|
-9,540
5,616
-59%
|
Primarily driven by a decrease in Consulation Expenses (-2,389 $m) |
|
Interste Expense
Variance
% change
|
-14,510 |
-26,042
11,532
-44%
|
-11,149
-3,361
+30%
|
-26,460
11,950
-45%
|
Primarily driven by a decrease in Interest on Customer Deposit (-6,881 $m) |
|
Provisions
Variance
% change
|
-5,144 |
-11,181
6,037
-54%
|
-5,911
767
-13%
|
-5,146
2
-0%
|
Primarily driven by a decrease in Provision for Charge Card loss (-2,269 $m) |
|
Marketing And Promotion
Variance
% change
|
-5,044 |
-3,396
-1,647
+49%
|
-1,220
-3,824
+313%
|
-5,717
673
-12%
|
|
|
Tax Paid
Variance
% change
|
-8,523 |
-2,478
-6,045
+244%
|
-5,247
-3,276
+62%
|
-4,595
-3,927
+85%
|
|