Solve this balance sheet picture by horizontal analysis and write why it's decrease and increase in percentage HOTELS MANAGEMENT COMPANY INTERNATIONAL SAOGStatement of financial positionAs at 31 December 2019EXHIBIT- В20192018NoteROROASSETSNon-current assetsProperty, plant and equipmentDeferred tax assets8,407,57240,977147,746,2751240,551Total Non-current assets7,786,8268,448,549Current assets430,8851,129,44070,300Inventories508,680860,75715Trade and other receivables16Due from related parties46,8835,217,84224Cash and bank balances176,856,734Total current assets6,634,1628,487,359Total assets14,420,98816,935,908EQUITYCapital and reservesShare capitalLegal reserveRetained earnings3,000,0001,000,0007,529,8653,000,0001,000,00018199,563,504Total equity - Exhibit – C11,529,86513,563,504LIABILITIESNon-current liabilitiesEnd of service benefits20612,787537,570Total non-current liabilities612,787537,570Current liabilities1,808,66111,300155,217303,1581,877,18667,200393,657496,79121Trade and other payablesDirectors' remuneration payableDue to related partiesIncome tax payable242412Total current liabilities2,278,3362,834,834Total liabilities2,891,1233,372,404Total equity and liabilities14,420,98816,935,9084.521Net assets per shareTHE CTIEDThe financial statements were approved and authorized for issue by the Board of Direeers on t6 February 2020 andwere signed on their behalf by:C.R. No. 17110214P.O. Sox 954* Postal Code 133 *Suitanate of OmanH.H. Sayyid Mohammed Thuwainy Shihab Al SaidChairmanTHE ACCOMPANYING NOTES 1 TO 28 FORM AN INTEGRAL PARTOR THESE PINANCIAL STATEMENT.

Horizontal analysis is the analysis under which historical data is compared like line items or…

Answered: HOTELS MANAGEMENT COMPANY INTERNATIONAL…

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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Solve this balance sheet picture by horizontal analysis and write why it's decrease and increase in percentage

HOTELS MANAGEMENT COMPANY INTERNATIONAL SAOG
Statement of financial position
As at 31 December 2019
EXHIBIT- В
2019
2018
Note
RO
RO
ASSETS
Non-current assets
Property, plant and equipment
Deferred tax assets
8,407,572
40,977
14
7,746,275
12
40,551
Total Non-current assets
7,786,826
8,448,549
Current assets
430,885
1,129,440
70,300
Inventories
508,680
860,757
15
Trade and other receivables
16
Due from related parties
46,883
5,217,842
24
Cash and bank balances
17
6,856,734
Total current assets
6,634,162
8,487,359
Total assets
14,420,988
16,935,908
EQUITY
Capital and reserves
Share capital
Legal reserve
Retained earnings
3,000,000
1,000,000
7,529,865
3,000,000
1,000,000
18
19
9,563,504
Total equity - Exhibit – C
11,529,865
13,563,504
LIABILITIES
Non-current liabilities
End of service benefits
20
612,787
537,570
Total non-current liabilities
612,787
537,570
Current liabilities
1,808,661
11,300
155,217
303,158
1,877,186
67,200
393,657
496,791
21
Trade and other payables
Directors' remuneration payable
Due to related parties
Income tax payable
24
24
12
Total current liabilities
2,278,336
2,834,834
Total liabilities
2,891,123
3,372,404
Total equity and liabilities
14,420,988
16,935,908
4.521
Net assets per share
THE CTIED
The financial statements were approved and authorized for issue by the Board of Direeers on t6 February 2020 and
were signed on their behalf by:
C.R. No. 17110214
P.O. Sox 954
* Postal Code 133 *
Suitanate of Oman
H.H. Sayyid Mohammed Thuwainy Shihab Al Said
Chairman
THE ACCOMPANYING NOTES 1 TO 28 FORM AN INTEGRAL PARTOR THESE PINANCIAL STATEMENT.

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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