Calculate the following ratios from the income statement and balance sheet all are required 1:Current ratio 2--:Quick Ratio 3-Cash Ratio 4 Receivable Turnover Ratio (RTR) 5:Inventory Turnover Ratio (ITR) Statement of financial positionas at 31 December 2018 2018 2017 Note RO RO ASSETS Non-current assets
Calculate the following ratios from the income statement and balance sheet all are required
1:
2--:Quick Ratio
3-Cash Ratio
4 Receivable Turnover Ratio (RTR)
5:Inventory Turnover Ratio (ITR)
Statement of financial positionas at 31 December 2018
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2018 |
2017 |
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Note |
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RO |
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RO |
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ASSETS |
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Non-current assets |
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Property, plant and equipment |
14 |
8,407,572 |
9,300,442 |
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12 |
40,977 |
18,550 |
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8,448,549 |
9,318,992 |
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Current assets |
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Inventories |
15 |
430,885 |
422,421 |
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Trade and other receivables |
16 |
1,129,440 |
1,235,724 |
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Due from related parties |
24 |
70,300 |
73,050 |
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Cash and bank balances |
17 |
6,856,734 |
6,439,709 |
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Total current assets |
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8,487,359 |
8,170,904 |
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Total assets |
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16,935,908 |
17,489,896 |
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EQUITY |
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Capital and reserves |
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Share capital |
18 |
3,000,000 |
3,000,000 |
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Legal reserve |
19 |
1,000,000 |
1,000,000 |
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9,563,504 |
9,875,893 |
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Total equity |
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13,563,504 |
13,875,893 |
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LIABILITIES |
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Non-current liabilities |
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End of service benefits |
20 |
537,570 |
505,147 |
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Total non-current liabilities |
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537,570 |
505,147 |
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Current liabilities |
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Trade and other payables |
21 |
1,877,186 |
2,149,051 |
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Directors’ remuneration payable |
24 |
67,200 |
55,400 |
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Due to related parties |
24 |
393,657 |
419,741 |
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Income tax payable |
12 |
496,791 |
484,664 |
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Total current liabilities |
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2,834,834 |
3,108,856 |
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Total liabilities |
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3,372,404 |
3,614,003 |
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Total equity and liabilities |
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16,935,908 |
17,489,896 |
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Net assets per share |
22 |
4.521 |
4.625 |
income for the year ended 31 December 2018
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Note |
2018 |
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2017 |
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RO |
RO |
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Revenue |
7 |
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11,435,957 |
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11,700,869 |
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Operating costs |
8 |
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(7,105,263) |
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(7,363,638) |
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Gross profit |
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4,330,694 |
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4,337,231 |
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General administration and selling and distribution expenses |
10 |
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(625,239) |
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(630,480) |
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Reversal / (impairment) of loss on trade receivables |
16 |
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14,516 |
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(16,994) |
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Management and licence fees |
11,24 |
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(666,579) |
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(726,482) |
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Results from operating activities |
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3,053,392 |
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2,963,275 |
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Finance income |
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175,783 |
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131,853 |
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Directors’ remuneration |
24 |
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(67,200) |
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(55,400) |
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Profit for the year before |
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3,161,975 |
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3,039,728 |
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Taxation |
12 |
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(474,364) |
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(456,510) |
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Net profit and total comprehensive income for the year |
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2,687,611 |
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2,583,218 |
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Basic and diluted earnings per share |
13 |
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0.896 |
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0.861 |
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