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 AnalysisHorizontal AnalysisASSETSCurrent AssetsCash and Cash EquivalentsTrades and Other Receivables, netInventoriesCurrent portion of biological asset, netPrepaid Expenses and Other Current AssetTotal Current AssetsNoncurrent AssetsInvestment and Advances, netInvestments in equity and debt instrumentsProperty, plant and equipment, netRight-of-use assets, netInvestment property, netBiological assets-net of current portionGoodwill-netOther intangible assets, netDeferred tax assetsOther noncurrent assets, netTotal Non-current AssetsTOTAL ASSETSSAN MIGUEL CORPORATION AND SUBSIDIARIESCommon-Size Statement of Financial PositionDecember 31, 2021 and 2020(in Millions)PPPPPPPPPPPPPPPPP2021300,030 P161,808 P141,209 P3,106 P108,689 P714,842 P55,002 P41,966 P567,609 P163,364 P69,825 P2244 P130,081 P190,979 P17,141 P98,600 P1,336,811 P2,051,653 P2020Peso Change347,209124,369 P102.822 P3,40194,610 P672,411 PIncrease (Decrease)50,495 P41,766 P511,624 P169,20860,678 P2,352129,733 P169,532 P20,94683.462 P1,239,796 P1,912,207 P(P 47,179)37,43938,387(P 295)14,07942,4314.50720055,985(P5844)9,147(P 108)34821,447(P 3,805)15.13897,015139,446% 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 AnalysisHorizontal AnalysisLIADILITIES AND EQUITYCurrent LabilitiesLoans payableAccounts payable and accrued expensesLease Fabilities-current portionPPPPIncome and other taxes payableDividends payablePCument matunities of long-term debt-net of debt issue costs PTotal Current LiabilitiesPNoncurrent UobilitiesLong-term debt-net of current maturities and debt issue costs PLease labilities-net of current portionDeferred tax liabilitiesOther noncurrent liabilitiesTotal Non-cument LablitesAppropriatedUnappropriatedTreasury stockSAN MIGUEL CORPORATION AND SUBSIDIARIESCommon-Size Statement of Financial PositionDecember 31, 2021 and 2020(in Millions)Equity Attributable to Equity Holders of the Parent CompanyCopital stock-commonCapital stock-preferredAdditional paid-in capitalCopital securitiesEquity reservasRetained earningsNon-controlling interestsTotal EquityTOTAL LIABILITIES AND EQUITYPРPPPPPPPPP2021190,779 P194,579 P23,423 P23,102 P4,296 P1857 P525,036 P725,108 P71,569 P28,742 P19,950 P845,378 P15,443 P10,187 P177,319 P28171 P14,136 P86,630 P157,707 P(P 144,363)354.000 P681,239 P2,051,653 P2020140.645 P153,249 P25,75920.990 P4,231 P74,502 P419,384 PPeso Change692,407 P91,27827,749 P26,301837,735 P16,44310,187177,71928,17110,131 P60155162,204(P110146)300224 P655.088 P1912,207 PPIncrease (Decrease)% Change5013441,330(P2.330)21046514355105,65232,701(P19.709)993(P6,342)7,643-4,0056,475(P4,497)(P 34217)5438526,151139.44626.28%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%

Horizontal analysis of financial statements looks at the year on year changes in the different line…

Answered: Explain extensively the horizontal…

Business

Accounting

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

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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Question

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%

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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