Hi! I am trying to do an acid-test ratio and a debt-to-equity ratio for the attached balance sheet. Can you help me? ** Values are in KEUR (kilo Euros)
Hi! I am trying to do an acid-test ratio and a debt-to-equity ratio for the attached balance sheet. Can you help me? ** Values are in KEUR (kilo Euros)
Hi! I am trying to do an acid-test ratio and a debt-to-equity ratio for the attached balance sheet. Can you help me? ** Values are in KEUR (kilo Euros)
Hi! I am trying to do an acid-test ratio and a debt-to-equity ratio for the attached balance sheet. Can you help me?
** Values are in KEUR (kilo Euros)
Transcribed Image Text:BALANCE SHEET
KEUR - At December 31,
Liabilities and shareholders' equity
Notes
2019
2018
Current liabilities
Trade payables
- Third parties
79,259
46,828
Related parties
441,201
173,489
Bank overdrafts and interest-bearing short-
term borrowings
10
12,425
2,804
Current portion of interest-bearing long-
term financial debt
11
32,308
20,796
Other current liabilities
12
15,555
14,178
Derivatives
4
9,818
21,632
Current provisions
7,014
6,249
Customer deposits and
advances
time
charter
539,833
413,349
Accrued expenses and deferred income
- Third parties
138,758
100,857
- Related parties
44,392
31,264
Total current liabilities
1,320,563
831,446
Non-current liabilities
Interest-bearing long-term financial debt
11
655,530
619,277
Other non-current liabilities
2,028
2,911
Non-current provisions
13
4,180
4,650
Derivatives
4
44,895
44,198
Total non-current liabilities
706,633
671,036
Total liabilities
2,027,196
1,502,482
Shareholders' equity
Share capital
14
159
159
Legal retained earnings
General legal retained earnings
14
42
42
Voluntary retained earnings
- Results carried forward
21,831
19,015
- Profit for the year
9,722
2,816
Currency translation reserve
Total shareholders' equity
31,754
22,032
Total liabilities and shareholders' equity
2,058,950
1,524,514
|-|-||| ||H|||| |
Transcribed Image Text:BALANCE SHEET
KEUR - At December 31,
Assets
Notes
2019
2018
Current assets
Cash and cash equivalents
108,735
117,166
Trade receivables, net
- Third parties
- Related parties
3
62,810
55,832
3
136,419
145,249
Other current assets
- Third parties
25,531
17,429
- Related parties
64,049
56,557
Derivatives
4
9,717
23,724
Inventories, net
5
87,300
68,622
Prepaid expenses and accrued income
- Third parties
- Related parties
122,342
77,956
27,466
19,799
Total current assets
644,369
582,334
Non-current assets
Financial assets
- Guarantee deposits
4,256
8,786
- Long-term receivables from related parties
936,186
672,686
Other non-current assets
7
13,833
14,349
Derivatives
4
44,895
44,198
Investments
8
25,406
24,095
Property, plant and equipment
330,985
139,436
Intangible assets
59,020
38,630
Total non-current assets
1,414,581
942,180
Total assets
2,058,950
1,524,514
9.
Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.
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