1. Step One (a) Net finance costs = finance expenses – interest revenue EBIT = Profit before tax + Net finance costs 2012 2011 2010 2009 $ ’000 $ ’000 $ ’000 $ ’000 Revenue 422291 423791 381219 347547 Sales 418981 411652 372120 343078 Cost of sales -175843 -171256 -164789 -145275 Gross Profit 246448 252535 216430 202272 Finance expenses 563 787 597 118 Interest revenue 441 371 195 606 Net finance cost 122 416 402 -488 Profit before income Tax
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P7 Ratios Liquidity Ratios Current Ratio 2013 Current assets = 1901 Current liabilities = 3115 CR = CA / CL = 0.61 2012 Current assets = 2032 Current liabilities = 3136 CR = CA / CL =0.64 The difference between the two years is 0.3p decrease. As Sainsbury’s needs to have a £2 to £1 earned‚ the price is behind in both years. This means that there is a 2 year crises at Sainsbury’s. Acid test ratio 2013 Current assets = 1901 Inventories = 987 Current liabilities = 3115 ATR = (CA
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1. FINANCIAL PERFORMANCE ANALYSIS 1.1 Introduction Finance is the life i.e. blood of business. It is rightly termed as the science o f money. Finance is very essential for the smooth of the business. According to Wheeler‚ “Finance is that business activity which is concerned with the organization and conversation of capital funds in meeting financial needs and overall objectives of a business enterprise”. Financial management is that management activity which is concerned with the planning
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goodwill on the basis of 2 years purchase of average profits of the last three years. 3) The following is the Balance sheet of the Excellent Traders‚ a concern owned by Rama as at 30th April‚ 2009: Balance Sheet LIABILITIES AMOUNT ASSETS AMOUNT Creditors Capital Reserve 76‚080 3‚28‚000 80‚000 4‚84‚080 Fixed assets Currents assets Investment in Shares 1‚80‚000 2‚44‚080 60‚000 4‚84‚080 The following net profits were earned which included a fixed income from investments of Rs.4‚000 per annum
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Introduction Pioneer Distilleries Limited‚ a subsidiary of United Spirits Limited is engaged in manufacturing of Alcohol. The factory is situated at Dharmabad of Nanded District of Maharashtra. On its growth side‚ the Company installed a new 30KLPD Ethanol Plant in the year 2004-05. Further‚ the Company has expanded its Alcohol Plant capacity from 50KLPD to 100KLPD in the year 2006-07. In the year 2010-11 the Company has set up a 60KLPD Grain Based Alcohol Facility and commissioned 4.725 MW Biogas
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total assets that is financed by debt (Irfanullah Jan 2018). Besides‚ it is relative costly for Supermax Corporation Berhad to borrow additional loans and debts from the bank if the company don’t raise up its equities and assets. The investors and creditors of Supermax Corporation Berhad will be unwilling to invest and lend more money to the company when compared to Adventa Berhad due to a higher percentage of debt ratio. The debt ratio of Supermax Corporation Berhad is higher than Adventa Berhad may
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Purchases Returns outwards Rs. Credits 8250 Capital 12750 Sales 700 Returns inwards Rs. 10000 15900 1590 Discount received Wages and salaries Rent and rates Sundry debtors Bank Overdraft 800 2500 1850 7600 2450 Discount allowed Scooty Carriage charges Sundry creditors Bills payable 800 1750 700 7250 690 Journal entries of all the transactions Conclusion 3 6 10 4 From the given trial balance draft an Adjusted Trial Balance. Trial Balance
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arises or is extinguished. The debtor promises to pay when his means permit him to do so—the obligation shall be deemed to be one with a period. Other cases—as when the debtor binds himself to pay: -little by little -as soon as possible -from time to time -at any time I have the money -in partial payments -when I am in a position to pay Acquisition of rights- in obligations subject to a suspensive condition‚ the acquisition of rights by the creditor depends upon the happening of the
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may isa pa e. quasi-delict. 3. Generic thing- object to ng obligation tas kung nawala sya‚ pwede pang palitan kasi nga generic. Tas kapag specific once na nawala yung object‚ hindi na pwedeng palitan. Tas liable yung debtor sa damages sa creditor. 4. Obligations of the debtor: to give‚ to do or not to do. A. Obligation to give 1. To preserve and take good care of the thing; required by law‚ stipulation of the parties or deligence of the good father of the family. 2. To deliver the subject
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Ratio analysis The ratios for years 2008-2012 are divided into the following groups: profitability‚ liquidity‚ gearing‚ employees and growth rates. Profitability ratios ROCE ROCE started with a pleasing increase of 12.32% in 2009‚ however began to fall; decreasing by 32.14% from 2009 to 2011. Finally in 2012 the ratio increased again by 10.7%. The target ROCE is often 15-30%‚ so ASOS exceed the target return rate every year‚ with exception of 2011 (France‚ 2013). ASOS therefore shouldn’t have any
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