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Explain extensively the horizontal analysis made for the financial statements of San Miguel Corporation.

Explain extensively the horizontal analysis made for the financial statements of San Miguel Corporation.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Explain extensively the horizontal analysis made for the financial statements of San Miguel Corporation. 

FS Ref Intr Eco Cor Finc Acc FS Analysis II ... X + QFS Analysis || Vertical, Horizontal and Ratio Analysis Horizontal Analysis ASSETS Current Assets Cash and Cash Equivalents Trades and Other Receivables, net Inventories Current portion of biological asset, net Prepaid Expenses and Other Current Asset Total Current Assets Noncurrent Assets Investment and Advances, net Investments in equity and debt instruments Property, plant and equipment, net Right-of-use assets, net Investment property, net Biological assets-net of current portion Goodwill-net Other intangible assets, net Deferred tax assets Other noncurrent assets, net Total Non-current Assets TOTAL ASSETS SAN MIGUEL CORPORATION AND SUBSIDIARIES Common-Size Statement of Financial Position December 31, 2021 and 2020 (in Millions) P P P P P P P P P P P P P P P P P 2021 300,030 P 161,808 P 141,209 P 3,106 P 108,689 P 714,842 P 55,002 P 41,966 P 567,609 P 163,364 P 69,825 P 2244 P 130,081 P 190,979 P 17,141 P 98,600 P 1,336,811 P 2,051,653 P 2020 Peso Change 347,209 124,369 P 102.822 P 3,401 94,610 P 672,411 P Increase (Decrease) 50,495 P 41,766 P 511,624 P 169,208 60,678 P 2,352 129,733 P 169,532 P 20,946 83.462 P 1,239,796 P 1,912,207 P (P 47,179) 37,439 38,387 (P 295) 14,079 42,431 4.507 200 55,985 (P5844) 9,147 (P 108) 348 21,447 (P 3,805) 15.138 97,015 139,446 % Change -15.72% 23.14% 27.18% -9.50% 12.95% 5.94% 8.19% 0.48% 9.86% -3.58% 13.10% -4.81% 0.27% 11.23% -22.20% 15.35% 7.26% 6.80%
Transcribed Image Text:FS Ref Intr Eco Cor Finc Acc FS Analysis II ... X + QFS Analysis || Vertical, Horizontal and Ratio Analysis Horizontal Analysis ASSETS Current Assets Cash and Cash Equivalents Trades and Other Receivables, net Inventories Current portion of biological asset, net Prepaid Expenses and Other Current Asset Total Current Assets Noncurrent Assets Investment and Advances, net Investments in equity and debt instruments Property, plant and equipment, net Right-of-use assets, net Investment property, net Biological assets-net of current portion Goodwill-net Other intangible assets, net Deferred tax assets Other noncurrent assets, net Total Non-current Assets TOTAL ASSETS SAN MIGUEL CORPORATION AND SUBSIDIARIES Common-Size Statement of Financial Position December 31, 2021 and 2020 (in Millions) P P P P P P P P P P P P P P P P P 2021 300,030 P 161,808 P 141,209 P 3,106 P 108,689 P 714,842 P 55,002 P 41,966 P 567,609 P 163,364 P 69,825 P 2244 P 130,081 P 190,979 P 17,141 P 98,600 P 1,336,811 P 2,051,653 P 2020 Peso Change 347,209 124,369 P 102.822 P 3,401 94,610 P 672,411 P Increase (Decrease) 50,495 P 41,766 P 511,624 P 169,208 60,678 P 2,352 129,733 P 169,532 P 20,946 83.462 P 1,239,796 P 1,912,207 P (P 47,179) 37,439 38,387 (P 295) 14,079 42,431 4.507 200 55,985 (P5844) 9,147 (P 108) 348 21,447 (P 3,805) 15.138 97,015 139,446 % Change -15.72% 23.14% 27.18% -9.50% 12.95% 5.94% 8.19% 0.48% 9.86% -3.58% 13.10% -4.81% 0.27% 11.23% -22.20% 15.35% 7.26% 6.80%
FS Ref Intr Eco Cor Finc Acc FS Analysis II ... X + ← → FS Analysis || Vertical, Horizontal and Ratio Analysis Horizontal Analysis LIADILITIES AND EQUITY Current Labilities Loans payable Accounts payable and accrued expenses Lease Fabilities-current portion P P P P Income and other taxes payable Dividends payable P Cument matunities of long-term debt-net of debt issue costs P Total Current Liabilities P Noncurrent Uobilities Long-term debt-net of current maturities and debt issue costs P Lease labilities-net of current portion Deferred tax liabilities Other noncurrent liabilities Total Non-cument Lablites Appropriated Unappropriated Treasury stock SAN MIGUEL CORPORATION AND SUBSIDIARIES Common-Size Statement of Financial Position December 31, 2021 and 2020 (in Millions) Equity Attributable to Equity Holders of the Parent Company Copital stock-common Capital stock-preferred Additional paid-in capital Copital securities Equity reservas Retained earnings Non-controlling interests Total Equity TOTAL LIABILITIES AND EQUITY P Р P P P P P P P P P 2021 190,779 P 194,579 P 23,423 P 23,102 P 4,296 P 1857 P 525,036 P 725,108 P 71,569 P 28,742 P 19,950 P 845,378 P 15,443 P 10,187 P 177,319 P 28171 P 14,136 P 86,630 P 157,707 P (P 144,363) 354.000 P 681,239 P 2,051,653 P 2020 140.645 P 153,249 P 25,759 20.990 P 4,231 P 74,502 P 419,384 P Peso Change 692,407 P 91,278 27,749 P 26,301 837,735 P 16,443 10,187 177,719 28,171 10,131 P 60155 162,204 (P110146) 300224 P 655.088 P 1912,207 P P Increase (Decrease) % Change 50134 41,330 (P2.330) 2104 65 14355 105,652 32,701 (P19.709) 993 (P6,342) 7,643 - 4,005 6,475 (P4,497) (P 34217) 54385 26,151 139.446 26.28% 21.24% -9.97% 9.11% 151% 16.16% 20.12% 4.5% -27,54% 345% -31.78% 0.90% 0.00% 0.00% 0.00% 0.00% 28.33% 9.72% -2.05% 23.70% 15.34% 3.84% 6.80%
Transcribed Image Text:FS Ref Intr Eco Cor Finc Acc FS Analysis II ... X + ← → FS Analysis || Vertical, Horizontal and Ratio Analysis Horizontal Analysis LIADILITIES AND EQUITY Current Labilities Loans payable Accounts payable and accrued expenses Lease Fabilities-current portion P P P P Income and other taxes payable Dividends payable P Cument matunities of long-term debt-net of debt issue costs P Total Current Liabilities P Noncurrent Uobilities Long-term debt-net of current maturities and debt issue costs P Lease labilities-net of current portion Deferred tax liabilities Other noncurrent liabilities Total Non-cument Lablites Appropriated Unappropriated Treasury stock SAN MIGUEL CORPORATION AND SUBSIDIARIES Common-Size Statement of Financial Position December 31, 2021 and 2020 (in Millions) Equity Attributable to Equity Holders of the Parent Company Copital stock-common Capital stock-preferred Additional paid-in capital Copital securities Equity reservas Retained earnings Non-controlling interests Total Equity TOTAL LIABILITIES AND EQUITY P Р P P P P P P P P P 2021 190,779 P 194,579 P 23,423 P 23,102 P 4,296 P 1857 P 525,036 P 725,108 P 71,569 P 28,742 P 19,950 P 845,378 P 15,443 P 10,187 P 177,319 P 28171 P 14,136 P 86,630 P 157,707 P (P 144,363) 354.000 P 681,239 P 2,051,653 P 2020 140.645 P 153,249 P 25,759 20.990 P 4,231 P 74,502 P 419,384 P Peso Change 692,407 P 91,278 27,749 P 26,301 837,735 P 16,443 10,187 177,719 28,171 10,131 P 60155 162,204 (P110146) 300224 P 655.088 P 1912,207 P P Increase (Decrease) % Change 50134 41,330 (P2.330) 2104 65 14355 105,652 32,701 (P19.709) 993 (P6,342) 7,643 - 4,005 6,475 (P4,497) (P 34217) 54385 26,151 139.446 26.28% 21.24% -9.97% 9.11% 151% 16.16% 20.12% 4.5% -27,54% 345% -31.78% 0.90% 0.00% 0.00% 0.00% 0.00% 28.33% 9.72% -2.05% 23.70% 15.34% 3.84% 6.80%
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