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WILCON DEPOT, INC. Doing Business under the Name and Style of WILCON DEPOT, WILCON HOME ESSENTIALS, DO IT WILCON and BARGAIN CENTER BY: WILCON DEPOT (A Subsidiary of WILCON CORPORATION Doing Business under the Name and Style of WILCON CITY CENTER) STATEMENTS OF FINANCIAL POSITION December 31 Note 2023 2022 ASSETS Current Assets Cash and cash equivalents Short-term investments 4 P1,865,160,075 P1,781,338,481 5 750,500,000 Trade and other receivables 6 414,373,764 288,334,258 Advance payments to suppliers 6 346,489,490 444,186,683 Merchandise inventories 7 15,776,748,743 13,242,857,275 Other current assets 8 1,346,213,721 877,586,353 Total Current Assets 19,748,985,793 17,384,803,050 Noncurrent Assets Property and equipment Right-of-use (ROU) assets Net deferred tax assets 9 10,484,232,829 9,412,353,119 10 8,478,487,577 7,904,738,891 17 583,196,473 496,858,291 Other noncurrent assets 11 486,190,658 444,247,853 Total Noncurrent Assets 20,032,107,537 18,258,198,154 LIABILITIES AND EQUITY Current Liabilities R39,781,093,330 #35,643,001,204 Trade and other payables Income tax payable Current portion of lease liabilities Total Current Liabilities 12 #7,088,218,136 $5,763,028,529 239,858,443 281,544,342 10 1,768,920,622 1,614,033,349 9,096,997,201 7,658,606,220 Noncurrent Liabilities Lease liabilities - net of current portion 10 8,117,298,123 7,358,989,633 Net retirement liability 13 Total Noncurrent Liabilities 57,315,132 8,174,613,255 17,271,610,456 82,220,153 7,441,209,786 15,099,816,006 Equity Total Liabilities Capital stock Additional paid-in capital Other comprehensive income Retained earnings Total Equity See accompanying Notes to Financial Statements. == 14 4,099,724,116 4,099,724,116 14 5,373,738,427 5,373,738,427 177,178,885 177,178,885 12,858,841,446 10,892,543,770 22,509,482,874 20,543,185,198 P39,781,093,330 #35,643,001,204

WILCON DEPOT, INC. Doing Business under the Name and Style of WILCON DEPOT, WILCON HOME ESSENTIALS, DO IT WILCON and BARGAIN CENTER BY: WILCON DEPOT (A Subsidiary of WILCON CORPORATION Doing Business under the Name and Style of WILCON CITY CENTER) STATEMENTS OF FINANCIAL POSITION December 31 Note 2023 2022 ASSETS Current Assets Cash and cash equivalents Short-term investments 4 P1,865,160,075 P1,781,338,481 5 750,500,000 Trade and other receivables 6 414,373,764 288,334,258 Advance payments to suppliers 6 346,489,490 444,186,683 Merchandise inventories 7 15,776,748,743 13,242,857,275 Other current assets 8 1,346,213,721 877,586,353 Total Current Assets 19,748,985,793 17,384,803,050 Noncurrent Assets Property and equipment Right-of-use (ROU) assets Net deferred tax assets 9 10,484,232,829 9,412,353,119 10 8,478,487,577 7,904,738,891 17 583,196,473 496,858,291 Other noncurrent assets 11 486,190,658 444,247,853 Total Noncurrent Assets 20,032,107,537 18,258,198,154 LIABILITIES AND EQUITY Current Liabilities R39,781,093,330 #35,643,001,204 Trade and other payables Income tax payable Current portion of lease liabilities Total Current Liabilities 12 #7,088,218,136 $5,763,028,529 239,858,443 281,544,342 10 1,768,920,622 1,614,033,349 9,096,997,201 7,658,606,220 Noncurrent Liabilities Lease liabilities - net of current portion 10 8,117,298,123 7,358,989,633 Net retirement liability 13 Total Noncurrent Liabilities 57,315,132 8,174,613,255 17,271,610,456 82,220,153 7,441,209,786 15,099,816,006 Equity Total Liabilities Capital stock Additional paid-in capital Other comprehensive income Retained earnings Total Equity See accompanying Notes to Financial Statements. == 14 4,099,724,116 4,099,724,116 14 5,373,738,427 5,373,738,427 177,178,885 177,178,885 12,858,841,446 10,892,543,770 22,509,482,874 20,543,185,198 P39,781,093,330 #35,643,001,204

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter12: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12.20MCE
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Analyze and interpret the audited financial statement of Wilcon Depot Inc.

WILCON DEPOT, INC. Doing Business under the Name and Style of WILCON DEPOT, WILCON HOME ESSENTIALS, DO IT WILCON and BARGAIN CENTER BY: WILCON DEPOT (A Subsidiary of WILCON CORPORATION Doing Business under the Name and Style of WILCON CITY CENTER) STATEMENTS OF FINANCIAL POSITION December 31 Note 2023 2022 ASSETS Current Assets Cash and cash equivalents Short-term investments 4 P1,865,160,075 P1,781,338,481 5 750,500,000 Trade and other receivables 6 414,373,764 288,334,258 Advance payments to suppliers 6 346,489,490 444,186,683 Merchandise inventories 7 15,776,748,743 13,242,857,275 Other current assets 8 1,346,213,721 877,586,353 Total Current Assets 19,748,985,793 17,384,803,050 Noncurrent Assets Property and equipment Right-of-use (ROU) assets Net deferred tax assets 9 10,484,232,829 9,412,353,119 10 8,478,487,577 7,904,738,891 17 583,196,473 496,858,291 Other noncurrent assets 11 486,190,658 444,247,853 Total Noncurrent Assets 20,032,107,537 18,258,198,154 LIABILITIES AND EQUITY Current Liabilities R39,781,093,330 #35,643,001,204 Trade and other payables Income tax payable Current portion of lease liabilities Total Current Liabilities 12 #7,088,218,136 $5,763,028,529 239,858,443 281,544,342 10 1,768,920,622 1,614,033,349 9,096,997,201 7,658,606,220 Noncurrent Liabilities Lease liabilities - net of current portion 10 8,117,298,123 7,358,989,633 Net retirement liability 13 Total Noncurrent Liabilities 57,315,132 8,174,613,255 17,271,610,456 82,220,153 7,441,209,786 15,099,816,006 Equity Total Liabilities Capital stock Additional paid-in capital Other comprehensive income Retained earnings Total Equity See accompanying Notes to Financial Statements. == 14 4,099,724,116 4,099,724,116 14 5,373,738,427 5,373,738,427 177,178,885 177,178,885 12,858,841,446 10,892,543,770 22,509,482,874 20,543,185,198 P39,781,093,330 #35,643,001,204
Transcribed Image Text:WILCON DEPOT, INC. Doing Business under the Name and Style of WILCON DEPOT, WILCON HOME ESSENTIALS, DO IT WILCON and BARGAIN CENTER BY: WILCON DEPOT (A Subsidiary of WILCON CORPORATION Doing Business under the Name and Style of WILCON CITY CENTER) STATEMENTS OF FINANCIAL POSITION December 31 Note 2023 2022 ASSETS Current Assets Cash and cash equivalents Short-term investments 4 P1,865,160,075 P1,781,338,481 5 750,500,000 Trade and other receivables 6 414,373,764 288,334,258 Advance payments to suppliers 6 346,489,490 444,186,683 Merchandise inventories 7 15,776,748,743 13,242,857,275 Other current assets 8 1,346,213,721 877,586,353 Total Current Assets 19,748,985,793 17,384,803,050 Noncurrent Assets Property and equipment Right-of-use (ROU) assets Net deferred tax assets 9 10,484,232,829 9,412,353,119 10 8,478,487,577 7,904,738,891 17 583,196,473 496,858,291 Other noncurrent assets 11 486,190,658 444,247,853 Total Noncurrent Assets 20,032,107,537 18,258,198,154 LIABILITIES AND EQUITY Current Liabilities R39,781,093,330 #35,643,001,204 Trade and other payables Income tax payable Current portion of lease liabilities Total Current Liabilities 12 #7,088,218,136 $5,763,028,529 239,858,443 281,544,342 10 1,768,920,622 1,614,033,349 9,096,997,201 7,658,606,220 Noncurrent Liabilities Lease liabilities - net of current portion 10 8,117,298,123 7,358,989,633 Net retirement liability 13 Total Noncurrent Liabilities 57,315,132 8,174,613,255 17,271,610,456 82,220,153 7,441,209,786 15,099,816,006 Equity Total Liabilities Capital stock Additional paid-in capital Other comprehensive income Retained earnings Total Equity See accompanying Notes to Financial Statements. == 14 4,099,724,116 4,099,724,116 14 5,373,738,427 5,373,738,427 177,178,885 177,178,885 12,858,841,446 10,892,543,770 22,509,482,874 20,543,185,198 P39,781,093,330 #35,643,001,204
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