DIRECTION: Compute the followingPROFITABILITY RATIOSGross Margin= Gross Profit/Net SalesNet Profit Margin= Net Profit/ Net SalesReturn on Equity= Profit/Shareholder's EquityReturn on Asset= Profit/Total AssetTREND ANALYSISNet Income Growth RateTotal Assets Growth RateAnd also compute the percentage beside the columns December 31,December 31,PERCENTAGE20212020 USDUSD Assets Current assets Cash and cash equivalents34,115,41225,681,845 Short-term financial instruments71,417,74880,798,680 Short-term financial assets at amortized cost2,944,7052,409,853 Short-term financial assets at fair value through profit or loss35,62462,452 Trade receivables35,585,56527,065,012 Non-trade receivables3,930,8283,150,548 Prepaid expenses2,042,0011,980,685 Inventories36,172,04328,007,314 Other current assets4,441,6293,281,589 Assets held-for-sale-812,370 Total Current Assets190,685,555173,250,348 Non-current assets Financial assets at fair value through other comprehensive income12,206,84310,991,369 Financial assets at fair value through profit or loss1,333,2271,051,455 Investment in associates and joint ventures7,807,2357,059,510 Property, plant and equipment131,045,055112,711,289 Intangible assets17,687,49116,142,396 Net defined benefit assets2,455,7221,184,777 Deferred income tax assets3,724,5153,736,564 Other non-current assets5,942,6254,469,261 Total Non Current Assets182,202,713157,346,621 Total assets372,888,268330,596,969 December 31,December 31, 20212020 USDUSD Liabilities and Equity Current liabilities Trade payables11,758,9038,512,568 Short-term borrowings11,963,81714,468,526 Other payables13,621,95410,400,341 Advances received1,070,5471,001,157 Withholdings1,131,066851,780 Accrued expenses24,410,49821,265,935 Current income tax liabilities5,899,0943,872,280 Current portion of long-term liabilities1,162,459625,906 Provisions4,696,1593,801,736 Other current liabilities1,304,292985,685 Liabilities held-for-sale-296,077 Total Current Liabilities77,018,78966,081,991 Non Current Liabilities Debentures444,220828,719 Long-term borrowings2,505,1641,747,852 Long-term other payables2,614,6681,470,948 Net defined benefit liabilities407,206405,960 Deferred income tax liabilities20,276,39416,441,621 Long-term provisions2,016,428919,001 Other non-current liabilities1,107,5821,508,485 Total Non Current Liabilities29,371,66223,322,586 Total liabilities106,390,45189,404,577 December 31,December 31, 20212020 USDUSD Equity attributable to owners of the Company Preference shares104,420104,420 Ordinary shares680,052680,052 Share premium3,849,2233,849,223 Retained earnings256,153,287236,927,198 Other components of equity-1,860,392-7,593,008 Accumulated other comprehensive income attributable to assets held-for-sale --10,604 258,926,590233,957,281 Non-controlling interests7,571,2277,235,111 Total equity266,497,817241,192,392 Total liabilities and equity372,888,268330,596,969 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 20212020PERCENTAGE USDUSD Profit for the year 34,881,11123,081,768 Other comprehensive income (loss) Items that will not be reclassified subsequently to profit or loss: Gain on valuation of financial assets at fair value through other comprehensive income, net of tax2,605,4522,187,514 Share of other comprehensive income of associates and joint ventures, net of tax45,2904,887 Remeasurement of net defined benefit assets, net of tax-458,532-628,931 Items that may be reclassified subsequently to profit or loss: Share of other comprehensive income (loss) of associates and joint ventures, net of tax139,990-42,731 Gain (loss) on overseas business translation, net of tax6,366,250-4,702,717 Gain (loss) on valuation of cash flow hedge derivatives44,060-29,199 Other comprehensive income (loss) for the year, net of tax8,742,510-3,211,177 Total comprehensive income for the year43,623,62119,870,591 Comprehensive income attributable to: Owners of the Company42,861,59119,556,345 Non-controlling interests762,030314,246 CONSOLIDATED INCOME STATEMENT 20212020PERCENTAGE USDUSD Revenue244,388,604206,981,172 Cost of sales145,451,851126,290,010 Gross profit98,936,75380,691,162 Selling and administrative expenses53,806,17649,230,711 Operating profit45,130,57731,460,451 Other non-operating income1,927,8881,209,745 Other non-operating expense1,797,0222,175,425 Share of net profit of associates and joint ventures637,719442,733 Financial income7,467,17310,722,497 Financial expense6,734,1659,892,548 Profit before income tax46,632,17031,767,453 Income tax expense11,751,0598,685,685 Profit for the year34,881,11123,081,768 Profit attributable to Owners of the Company34,301,04022,804,707 Non-controlling interests580,071277,061 Earnings per share (in Korean won, in US dollars) - Basic5.053.36 - Diluted5.053.36

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Answered: PROFITABILITY RATIOS Gross Margin=…

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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DIRECTION: Compute the following

PROFITABILITY RATIOS

Gross Margin= Gross Profit/Net Sales
Net Profit Margin= Net Profit/ Net Sales
Return on Equity= Profit/Shareholder's Equity
Return on Asset= Profit/Total Asset

TREND ANALYSIS

Net Income Growth Rate
Total Assets Growth Rate

And also compute the percentage beside the columns

	December 31,	December 31,	PERCENTAGE
2021	2020
	USD	USD
Assets
Current assets
Cash and cash equivalents	34,115,412	25,681,845
Short-term financial instruments	71,417,748	80,798,680
Short-term financial assets at amortized cost	2,944,705	2,409,853
Short-term financial assets at fair value through profit or loss	35,624	62,452

Trade receivables	35,585,565	27,065,012
Non-trade receivables	3,930,828	3,150,548
Prepaid expenses	2,042,001	1,980,685
Inventories	36,172,043	28,007,314
Other current assets	4,441,629	3,281,589
Assets held-for-sale	-	812,370
Total Current Assets	190,685,555	173,250,348
Non-current assets
Financial assets at fair value
through other comprehensive income	12,206,843	10,991,369
Financial assets at fair value
through profit or loss	1,333,227	1,051,455
Investment in associates and joint ventures	7,807,235	7,059,510
Property, plant and equipment	131,045,055	112,711,289
Intangible assets	17,687,491	16,142,396
Net defined benefit assets	2,455,722	1,184,777
Deferred income tax assets	3,724,515	3,736,564
Other non-current assets	5,942,625	4,469,261
Total Non Current Assets	182,202,713	157,346,621
Total assets	372,888,268	330,596,969

	December 31,	December 31,
	2021	2020
	USD	USD
Liabilities and Equity
Current liabilities
Trade payables	11,758,903	8,512,568
Short-term borrowings	11,963,817	14,468,526
Other payables	13,621,954	10,400,341
Advances received	1,070,547	1,001,157
Withholdings	1,131,066	851,780
Accrued expenses	24,410,498	21,265,935
Current income tax liabilities	5,899,094	3,872,280
Current portion of long-term liabilities	1,162,459	625,906
Provisions	4,696,159	3,801,736
Other current liabilities	1,304,292	985,685
Liabilities held-for-sale	-	296,077
Total Current Liabilities	77,018,789	66,081,991
Non Current Liabilities
Debentures	444,220	828,719
Long-term borrowings	2,505,164	1,747,852
Long-term other payables	2,614,668	1,470,948
Net defined benefit liabilities	407,206	405,960
Deferred income tax liabilities	20,276,394	16,441,621
Long-term provisions	2,016,428	919,001
Other non-current liabilities	1,107,582	1,508,485
Total Non Current Liabilities	29,371,662	23,322,586
Total liabilities	106,390,451	89,404,577

	December 31,	December 31,
2021	2020
	USD	USD
Equity attributable to owners of the Company
Preference shares	104,420	104,420
Ordinary shares	680,052	680,052
Share premium	3,849,223	3,849,223
Retained earnings	256,153,287	236,927,198
Other components of equity	-1,860,392	-7,593,008
Accumulated other comprehensive income attributable to assets held-for-sale
-	-10,604
	258,926,590	233,957,281
Non-controlling interests	7,571,227	7,235,111
Total equity	266,497,817	241,192,392

Total liabilities and equity	372,888,268	330,596,969



CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

	2021	2020	PERCENTAGE
	USD	USD

Profit for the year
	34,881,111	23,081,768
Other comprehensive income (loss)
Items that will not be reclassified subsequently to
profit or loss:
Gain on valuation of financial assets at fair value
through other comprehensive income, net of tax	2,605,452	2,187,514
Share of other comprehensive income of
associates and joint ventures, net of tax	45,290	4,887
Remeasurement of net defined benefit assets,
net of tax	-458,532	-628,931
Items that may be reclassified subsequently to
profit or loss:
Share of other comprehensive income (loss) of
associates and joint ventures, net of tax	139,990	-42,731
Gain (loss) on overseas business translation,
net of tax	6,366,250	-4,702,717
Gain (loss) on valuation of cash flow hedge
derivatives	44,060	-29,199
Other comprehensive income (loss) for the year,
net of tax	8,742,510	-3,211,177
Total comprehensive income for the year	43,623,621	19,870,591
Comprehensive income attributable to:
Owners of the Company	42,861,591	19,556,345
Non-controlling interests	762,030	314,246

CONSOLIDATED INCOME STATEMENT


	2021	2020	PERCENTAGE
	USD	USD

Revenue	244,388,604	206,981,172
Cost of sales	145,451,851	126,290,010
Gross profit	98,936,753	80,691,162
Selling and administrative expenses	53,806,176	49,230,711
Operating profit	45,130,577	31,460,451
Other non-operating income	1,927,888	1,209,745
Other non-operating expense	1,797,022	2,175,425
Share of net profit of associates and joint ventures	637,719	442,733
Financial income	7,467,173	10,722,497
Financial expense	6,734,165	9,892,548
Profit before income tax	46,632,170	31,767,453
Income tax expense	11,751,059	8,685,685
Profit for the year	34,881,111	23,081,768
Profit attributable to
Owners of the Company	34,301,040	22,804,707
Non-controlling interests	580,071	277,061
Earnings per share
(in Korean won, in US dollars)
- Basic	5.05	3.36
- Diluted	5.05	3.36

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PROFITABILITY RATIOS Gross Margin= Gross Profit/Net Sales Net Profit Margin= Net Profit/ Net Sales Return on Equity= Profit/Shareholder's Equity