Australian Fresh Ltd. | ||
Income Statement | ||
For the year ending June 2020 | ||
(in $ Millions) | ||
Particulars | Amount | Amount |
Revenue | 62,600 | |
Cost of Goods sold | 34,650 | |
Gross Profit (GP) | 27,950 | |
Operating Incomes (OI) | 270 | |
Operating Expenses (OE) | 26,120 | |
- Selling & Administration Expenses (9595+3990) | 13,585 | |
- Repairs & Maintenance Expenses | 2,350 | |
- Employee Benefit Expenses (60+7810) | 7,870 | |
- Provisions | 1,080 | |
- Insurance Expense | 1,235 | |
Net Operating Profit (EBITDA) (GP+OI-OE) | 2,100 | |
Less: Amortization and Depreciation Expenses (((6000-1000)/5)*9/12) | 750 | |
Earnings before Income and Tax (EBIT) | 1,350 | |
Interest Expense | 650 | |
Earnings before Tax (EBT) | 700 | |
Income Taxes | 680 | |
Income after Taxes (EAT) | 20 | |
Non Recurring Events (Extraordinary items) | - | |
Profit or Net Income | 20 | |
Earnings per share (EPS) (20/1270shares) | 1270 shares | 0.0157 |
Dividend paid for 2020 (EAT*40%) (i.e., 20*40%=8) | 8 | |
Dividend per share (DPS) (8/1270shares) | 0.0063 |
Australian Fresh Ltd. | ||
Balance sheet | ||
As on 31st June, 2020 | ||
(in $ Millions) | ||
Particulars | Amount | Amount |
Assets | ||
Current Assets | ||
Cash | 2,020 | |
Accounts receivable | 685 | |
Inventory | 4,380 | |
Short Term Investments* | 7,950 | |
Current poprtion of non-current assets | 795 | |
Total current assets | 15,830 | |
Non-current Assets | ||
Lease receivables | ||
Property, plant and equipment | 23,000 | |
(Less: Accumulated Depreciation) | 750 | 22,250 |
Intangible Assets | - | |
Long Term Investment | - | |
Total Fixed Assets | 22,250 | |
Other Assets | ||
Deferred Income Tax | - | |
Other | - | |
Total Other Assets | - | |
Total Assets | 38,080 | |
Liabilities and Owner's Equity | ||
Current Liabilities | ||
Accounts Payables | 7,750 | |
Short-Term Loans | 10,625 | |
- Borrowings | 8,350 | |
- Loan from ASX Bank payable on demand | 2,275 | |
Income Tax Payables | 680 | |
Accrued Salaries and wages | 60 | |
Short Term Provisions | 1,080 | |
Other Short term liabilities | 3,630 | |
Total current liabilities | 23,825 | |
Long-Term Liabilities | ||
Long-Term debt | 5,945 | |
- Secured | 5,945 | |
- Unsecured | - | |
Deferred Income Tax | - | |
Long term lease obligation | - | |
Total Long Term Liabilities | 5,945 | |
Equity Capital | ||
Common Stock*** | 6,720 | |
Retained Earnings | 1,590 | |
- Reserve | 1,570 | |
- Profit/Loss | 20 | |
Other Comprehensive Income Loss | ||
Total owner's equity | 8,310 | |
Non-Controlling Interest | - | |
Total Liabilities and Owner's Equity | 38,080 | |
*Assumed as short term investments | ||
**Assumed as short term borrowings | ||
***Common Stock is the balance figure of the Balance Sheet as share price per share or total amount collected from shareholders is not provided (38080-23825-5945-1590) |
write your answers in report format. Stage 1. Preparation and Analysis of Financial statements (Using excel)....
Consolidated financial statements, rationale for adjustments Lead beaters Ltd acquired all the issued shares (cum div.) of Possum Ltd on 1 July 2014. At this date the shareholders’ equity of Possum Ltd was: Share capital – 100 000 shares General reserve Asset revaluation surplus Retained earnings $ 450 000 45 000 45 000 15 000 At 1 July 2014, the accounting records of Possum Ltd contained a dividend payable of $15 000. This dividend was paid in...
End of Chapter Exercise 18.10 The following comparative statements of financial position and income statement are for the business of Bargains Galore Pty Ltd: Bargains Galore Pty Ltd Comparative statements of financial position as at 30 June 2019 2020 Assets Cash at bank $21,000 $30,000 Accounts receivable 77,000 63,000 Inventory 56,000 71,350 Prepaid expenses 40,000 32,000 Plant and equipment 700,000 749,000 Accumulated depreciation - plant and equipment (150,000) (190,000) $744,000 $755,350 Liabilities and equity Accounts payable $236,000 $207,000 Expenses payable...
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The following comparative statements of financial position and income statement are for the business of Bargains Galore Pty Ltd: Bargains Galore Pty Ltd Comparative statements of financial position as at 30 June 2019 2020 Assets Cash at bank $15,000 $22,000 Accounts receivable 70,000 55,000 Inventory 50,000 67,000 Prepaid expenses 40,000 35,000 Plant and equipment 500,000 540,000 Accumulated depreciation - plant and equipment (150,000) (190,000) $525,000 $529,000 Liabilities and equity Accounts payable $33,000 $10,000 Expenses payable 22,000 30,000 Current tax liability...
Required: Prepare the consolidated financial statements of Griffin Ltd at 30 June 2019. Griffin Ltd is a major Australian company operating in the manufacture of women’s clothing. One of its major competitors is Frank Ltd whose business was established by a French family over 30 years ago. It has won numerous awards for its designs and has established a number of brands that have been successful, especially with the teenage market. In order to expand its business as well as...
Only Answer Question 1 Please Preparation of a statement of cash flows A summarised comparative statement of financial position of Bronze Ltd is presented below, together with a statement of profit or loss and other comprehensive income for the year ended 30 June 2019 LO3, 4, 5 30 June 2018 30 June 2019 $ 35000 105000 $45000 69000 (3000) 45000 53000 187 000 (35 000) $361000 Cash Trade receivables Allowance for doubtful debts Inventories Equity investments Plant Accumulated depreciation (6000)...
Step 1: Based on Dandy's financial statements, calculate ratios for the year ended December 31, 2020. Assume all sales are on credit. Show work done to get answers. Step 2: From these ratios, analyze the financial performance of Dandy. Dandy Distributors Ltd. Income Statement For the Year Ended December 31, 2020 2020 $21,133,000 16,061,080 5,071,920 2019 $19,442,360 14,970,617 4,471,743 841,000 104,400 153,600 422,660 1,521,660 832,590 95,004 152,064 431,113 1,510,771 Sales, net Less: Cost of goods sold Gross profit Operating expenses...
PLEASE NO WRITTEN WORK, please show work so I can understand and fully complete problem.Thank YouBefore you begin, print out all the pages in this workbook The financial statements of Dandy Distributors Ltd. are shown on the "Fcl. Stmts." page Required. 1 Based on Dandy's financial statements, calculate ratios for the year ended December 31, 2020. Assume all sales are on credit. Show your work. 2 From these ratios, analyze the financial performance of DandyDandy Distributors Ltd Income Statement For...
3. Using the attached excerpts from Coca Cola's 2018 Annual Report (financial statements and Note 8: Property, Plant, and Equipment) answer the following questions. In addition: - All numbers are in Smillions (except per share data). - Provide calculations when necessary. a. Long-term Assets i) ii) iii) What is the total value of Coca Cola's long-term assets as of December 31, 2018? What is the net book value (NBV) of Coca Cola's property, plant and equipment as of December 31,...