Calculate the current ratio-quick ratio and debt ratio

Assignment Help Finance Basics
Reference no: EM13890451

Calculate the Current Ratio, Quick Ratio, Debt Ratio, Net and Gross Profit Margin, Collection Ratio, Inventory Ratio, Return on Investment and Return on Asset.

Statements of comprehensive income for the year ended 30 June 2014

Company

GROUP
2014 Rm's 2013 Rm's
Note 2014 Rm's 2013 Rm's
724 165 continuing operations revenue 3 2961 2307


Turnover 3 2714 2047


Cost of sales 4 (1 657) -1241


Gross profit
1057 806


Other operating income
245 241
700 155 Dividend income from subsidiaries Management fees


4 4 Expenses


-3 -3 Operating expenses
-560 -451
- 27 Impairment reversal of investments and loans Profit on sale of property, plant and equipment
9 15
701 183 Trading profit 5 751 611
20 6 Finance revenue 7 11 26
-1 - Finance cost 8 -20 -17


Income from associates - after tax 14.2 29 11
720 189 profit before taxation from continuing operations
771 631
-2 -1 Taxation 9 -227 -168
718 188 profit for the year from continuing operations
544 463


Discontinued operations




(Loss)/profit after taxation for the year from discontinued  operations 35 -20 1
718 188 profit for the year
524 464


other comprehensive income, net of taxation: Items that will be reclassified subsequently to profit or loss:




Currency translation
12 13
718 188 Total comprehensive income for the year, net of taxation
536 477


Profit attributable to:




Equity holders of the parent Non-controlling  interests
509 444


Total comprehensive income attributable to: 
15 20


Equity holders of the parent
521 457


Non-controlling  interests
15 20
178 188

536 477


Earnings per share: (all figures in cents)




Earnings per share 10 55,3 48,3


Headline earnings per share 11 57,6 47,4


Diluted earnings per share 10 54,7 48,2


Diluted headline earnings per share 11 57,1 47,3


Earnings per share from continuing operations:




(all figures in cents)




Earnings per share 10 57,4 48,2


Headline earnings per share 11 58,7 47,3


Diluted earnings per share 10 56,9 48,1


Diluted headline earnings per share 11 58,1 47,2

company 2014

 

 

2013

 

 

 

Group 2014

 

 

2013

rm's

Rm's

 

 

Note

rm's

Rm's

 

 

 

assets

 

 

 

287

330

 

non-current assets

 

1 856

1 850

 

 

 

Property, plant and equipment

13

1 296

1 246

166

146

 

Investments

14.1

-

4

 

 

 

Investment in associates

14.2

522

553

121

184

 

Long-term assets

15

14

24

 

 

 

Goodwill

16

6

6

 

 

 

Deferred taxation

17

18

17

555

467

 

current assets

 

857

777

 

 

 

Inventories

18

408

335

555

467

 

Trade and other receivables

19

169

121

#

#

 

Cash and cash equivalents

20

249

303

#

#

 

Taxation

27

31

18

 

 

 

Assets classified as held for sale

35

-

26

842

797

 

Total assets

 

2 713

2 653

 

 

 

Equity and liabilities

 

 

 

 

840

 

795

 

Equity attributable to equity holders of the parent

 

 

2 179

 

2 247

818

818

 

Stated capital

21

818

818

 

 

 

Non-distributable reserve

22

102

93

 

 

 

Treasury shares

21

(472)

(474)

56

40

 

Share schemes reserve

6

55

36

(34)

(63)

 

Retained earnings

 

1 676

1 774

 

 

 

non-controlling interest

 

51

54

 

 

 

reserves related to discontinued operations

35

-

2

840

795

 

Total equity

 

2 230

2 303

2

2

 

Total liabilities

 

483

350

 

 

 

non-current liabilities

 

12

53

 

 

 

Interest-bearing loans and borrowings

23

-

44

 

 

 

Deferred taxation

17

12

9

2

2

 

current liabilities

 

471

297

2

2

 

Trade and other payables

24

261

252

 

 

 

Provisions

25

43

43

 

 

 

Interest-bearing loans and borrowings

23

165

-

 

 

 

Taxation

27

2

2

 

 

 

 

 

 

 

842

797

 

Total equity and liabilities

 

2 713

2 653

 

 

 

#Less than R1 million.

 

 

 

Attachment:- Italtile financial statement.rar

Reference no: EM13890451

Questions Cloud

How do managers use cost information in management process : How do managers in various organizations use cost information in the management process to measure and recognize costs during a period?
What form of business should you choose for tots amore : What form of business should you choose for Tots Amore! and why?
How do the concepts of cost measurement underlie management : How do the concepts of cost measurement and cost recognition underlie management accountants partnering with managers?
Identify reasoning fallacies by name : Identify reasoning fallacies by name
Calculate the current ratio-quick ratio and debt ratio : Calculate the Current Ratio, Quick Ratio, Debt Ratio, Net and Gross Profit Margin, Collection Ratio, Inventory Ratio, Return on Investment and Return on Asset.
Company is more successful on the basis of profit margin : Key figures for the recent two years of both Polaris and Arctic Cat follow.
Write the null and alternative hypothesis symbolically : Write the null and alternative hypothesis symbolically and identify which hypothesis is the claim. Is the test two-tailed, left-tailed, or right-tailed? Explain. Which test statistic will you use for your hypothesis test; z-test or t-test? Explain
Create a marketing display for your cookie product : Create a marketing display for your cookie product and bring it to class on the day of the taste test. Design a job order cost card for your company that resembles one of those displayed.
Is a matrix a good choice for massive? : Is a matrix a good choice for Massive?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd