Calculate the following ratios from the income statement and balance sheet all are required 1-Payables Turnover 2-Debt-Equity Ratio 3-Debt Ratio 4-Total Asset Turnover 5-Fixed Asset Turnover Statement of financial positionas at 31 December 2018 2018 2017 Note RO RO ASSETS Non-current assets Property, plant and equipment 14 8,407,572 9,300,442 Deferred tax assets 12 40,977 18,550 8,448,549 9,318,992 Current assets Inventories 15 430,885 422,421 Trade and other receivables 16 1,129,440 1,235,724 Due from related parties 24 70,300 73,050 Cash and bank balances 17 6,856,734 6,439,709 Total current assets 8,487,359 8,170,904 Total assets 16,935,908 17,489,896 EQUITY Capital and reserves Share capital 18 3,000,000 3,000,000 Legal reserve 19 1,000,000 1,000,000 Retained earnings 9,563,504 9,875,893 Total equity 13,563,504 13,875,893 LIABILITIES Non-current liabilities End of service benefits 20 537,570 505,147 Total non-current liabilities 537,570 505,147 Current liabilities Trade and other payables 21 1,877,186 2,149,051 Directors’ remuneration payable 24 67,200 55,400 Due to related parties 24 393,657 419,741 Income tax payable 12 496,791 484,664 Total current liabilities 2,834,834 3,108,856 Total liabilities 3,372,404 3,614,003 Total equity and liabilities 16,935,908 17,489,896 Net assets per share 22 4.521 4.625 income for the year ended 31 December 2018 Note 2018 2017 RO RO Revenue 7 11,435,957 11,700,869 Operating costs 8 (7,105,263) (7,363,638) Gross profit 4,330,694 4,337,231 General administration and selling and distribution expenses 10 (625,239) (630,480) Reversal / (impairment) of loss on trade receivables 16 14,516 (16,994) Management and licence fees 11,24 (666,579) (726,482) Results from operating activities 3,053,392 2,963,275 Finance income 175,783 131,853 Directors’ remuneration 24 (67,200) (55,400) Profit for the year before taxation 3,161,975 3,039,728 Taxation 12 (474,364) (456,510) Net profit and total comprehensive income for the year 2,687,611 2,583,218 Basic and diluted earnings per share 13 0.896 0.861
Calculate the following ratios from the income statement and balance sheet all are required
Statement of financial positionas at 31 December 2018
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2018 |
2017 |
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Note |
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RO |
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RO |
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ASSETS |
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Non-current assets |
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Property, plant and equipment |
14 |
8,407,572 |
9,300,442 |
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12 |
40,977 |
18,550 |
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8,448,549 |
9,318,992 |
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Current assets |
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Inventories |
15 |
430,885 |
422,421 |
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Trade and other receivables |
16 |
1,129,440 |
1,235,724 |
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Due from related parties |
24 |
70,300 |
73,050 |
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Cash and bank balances |
17 |
6,856,734 |
6,439,709 |
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Total current assets |
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8,487,359 |
8,170,904 |
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Total assets |
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16,935,908 |
17,489,896 |
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EQUITY |
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Capital and reserves |
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Share capital |
18 |
3,000,000 |
3,000,000 |
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Legal reserve |
19 |
1,000,000 |
1,000,000 |
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9,563,504 |
9,875,893 |
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Total equity |
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13,563,504 |
13,875,893 |
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LIABILITIES |
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Non-current liabilities |
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End of service benefits |
20 |
537,570 |
505,147 |
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Total non-current liabilities |
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537,570 |
505,147 |
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Current liabilities |
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Trade and other payables |
21 |
1,877,186 |
2,149,051 |
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Directors’ remuneration payable |
24 |
67,200 |
55,400 |
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Due to related parties |
24 |
393,657 |
419,741 |
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Income tax payable |
12 |
496,791 |
484,664 |
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Total current liabilities |
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2,834,834 |
3,108,856 |
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Total liabilities |
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3,372,404 |
3,614,003 |
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Total equity and liabilities |
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16,935,908 |
17,489,896 |
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Net assets per share |
22 |
4.521 |
4.625 |
income for the year ended 31 December 2018
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Note |
2018 |
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2017 |
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RO |
RO |
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Revenue |
7 |
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11,435,957 |
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11,700,869 |
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Operating costs |
8 |
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(7,105,263) |
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(7,363,638) |
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Gross profit |
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4,330,694 |
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4,337,231 |
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General administration and selling and distribution expenses |
10 |
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(625,239) |
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(630,480) |
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Reversal / (impairment) of loss on trade receivables |
16 |
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14,516 |
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(16,994) |
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Management and licence fees |
11,24 |
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(666,579) |
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(726,482) |
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Results from operating activities |
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3,053,392 |
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2,963,275 |
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Finance income |
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175,783 |
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131,853 |
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Directors’ remuneration |
24 |
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(67,200) |
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(55,400) |
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Profit for the year before |
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3,161,975 |
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3,039,728 |
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Taxation |
12 |
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(474,364) |
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(456,510) |
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Net profit and total comprehensive income for the year |
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2,687,611 |
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2,583,218 |
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Basic and diluted earnings per share |
13 |
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0.896 |
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0.861 |
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