Explain the Wasted Assets / Natural Resources of this company.https://www.ginebrasanmiguel.com/wp-content/uploads/2020/07/2020-GSMI-Annual-Report-Final-uploaded.pdf GINEBRA SAN MIGUEL INC.GINEBRA SAN MIGUEL INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF FINANCIAL POSITIONDECEMBER 31, 2019 AND 2018(In Thousands)Note20192018ASSETSCurrent AssetsCash and cash equivalents4, 5, 30, 314, 6, 26, 30, 314, 78, 26, 30, 31P354,131P224,4751,743,0393,897,939Trade and other receivables - net1,551,4696,113,0431,080,723InventoriesPrepaid expenses and other current assets1,072,699Total Current Assets9,099,3666,938,152Noncurrent AssetsInvestments in joint ventures4, 9Property, plant and equipment - netRight-of-use assets - netGoodwill - net4, 104, 11, 26, 274, 124, 174, 13, 26, 30, 3157,9634,441,137196,218280,4134,661,404126,863126,863606,005373,648Deferred tax assets - net567,944169,731Other noncurrent assets - netTotal Noncurrent Assets5,559,8566,048,333P14,659,222P12,986,485LIABILITIES AND EQUITYCurrent LiabilitiesNotes payableAccounts payable and accrued expensesLease liabilities - current portionIncome and other taxes payableCurrent maturities of long-term debt -net of debt issue costsP1,519,0004.208,50214, 26, 30, 31P2,476,1002,710,94715, 26, 30, 3126, 27, 30, 3167,980346,417299,72316, 24, 30, 31233,791116,148Total Current Liabilities6,375,6905,602,918Noncurrent LiabilitiesLong-term debt - net of current maturities anddebt issue costs16, 30, 314, 2826, 27, 30, 31642,964363,083876,755243,036Retirement liabilitiesLease liabilities - net of current portion157,684Total Noncurrent Liabilities1,163,7311,119,791Total Liabilities7,539,4216,722,709EquityCapital stockAdditional paid-in capitalEquity reservesRetained earnings:AppropriatedUnappropriatedTreasury stock18399,0632,539,454(311,470)399,0632,539,454(199,197)2,500,0004,662,7272,500,0003,694,429(2,669,973)(2,669,973)Total Equity7,119,8016,263,776P14,659,222P12,986,485See Notes to the Consolidated Financial Statements.40

Assets mean something that a person has invested their money in with an intention of making a profit…

Answered: Explain the Wasted Assets / Natural…

Explain the Wasted Assets / Natural Resources of this company. https://www.ginebrasanmiguel.com/wp-content/uploads/2020/07/2020-GSMI-Annual-Report-Final-uploaded.pdf

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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