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Question: Common-size Balance Sheet
Common-size Balance Sheet of Michael Hill International Ltd for the years 2014 and 2015:
Particulars
2015 $000
% of total
2014 $000
ASSETS
Current assets
Cash and cash equivalents
6797
1.94
8109
2.39
Trade and other receivables
24859
7.08
25143
7.40
Inventories
182232
51.92
179280
52.76
Current tax receivables
11376
3.24
61
0.02
Other current assets
3143
0.90
-
Total current assets
228407
65.07
212593
62.56
Non-Current assets
636
0.18
480
0.14
Property plant and equipment
64845
18.47
55400
16.30
Deferred tax assets
48381
13.78
62324
18.34
Intangible assets
6491
1.85
6413
1.89
Other non-current assets
2253
0.64
2608
0.77
Total non-current assets
122606
34.93
127225
37.44
Total assets
351013
100
339818
LIABILITIES
Current liabilities
Trade and other payables
43739
12.46
42034
12.37
Provisions
4624
1.32
4235
1.25
Deferred revenue
21516
6.13
24736
7.28
Total current liabilities
69879
19.91
71005
20.90
Non-Current liabilities
Borrowings
45116
12.85
56000
16.48
4254
1.21
1740
0.51
44143
12.58
29788
8.77
Total non-current liabilities
93513
26.64
87528
25.76
Shareholder's Equity
Contributed equity
3760
1.07
3651
Reserves
7445
2.12
5796
1.71
Retained earnings
176416
50.26
171838
50.57
Total Shareholder's Equity
187621
53.45
181285
53.35
Total liabilities
Common-size Income Statement of Michael Hill International Ltd for the years 2014 and 2015:
Revenue from operations
503370
99.55
483935
99.84
Other income
2295
0.45
764
0.16
Total revenue
505665
484699
Cost of goods sold
-181135
-35.82
-173504
-35.80
Employee benefit expenses
-130937
-25.89
127010
26.20
Occupancy cost
-50640
-10.01
-47287
-9.76
Marketing expenses
-31906
-6.31
-26818
-5.53
Selling expenses
-22748
-4.50
-23203
-4.79
Depreciation and amortization expense
-15738
-3.11
-13070
-2.70
Loss on disposal of Property plant and equipment
-204
-0.04
-1133
-0.23
Other expense
-30211
-5.97
-30463
-6.28
Finance cost
-4708
-0.93
-5436
-1.12
Profit before income tax
37402
36775
7.59
income tax expense
-9648
-1.91
-11734
-2.42
Profit for the year
27754
5.49
25041
5.17
Other comprehensive income
Cash flow hedges
-491
-0.10
-277
-0.06
Currency diff.arising during the year
2115
0.42
4239
0.87
Total comprehensive income for the year
29378
5.81
29003
5.98
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