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CH 2 FS Analysis

Net sales and operating expenses increased substantially from 2016 to 2017, while net income grew at a slower pace. Total assets grew significantly over this period as well, driven mainly by increases in non-current assets. Total liabilities decreased from 2016 to 2017, resulting in continued growth in shareholders' equity.

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83 views1 page

CH 2 FS Analysis

Net sales and operating expenses increased substantially from 2016 to 2017, while net income grew at a slower pace. Total assets grew significantly over this period as well, driven mainly by increases in non-current assets. Total liabilities decreased from 2016 to 2017, resulting in continued growth in shareholders' equity.

Uploaded by

REVEL
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HORIZONTAL Analysis - Increase (Decrease)

NOTE: 2016 & 2017 is done for you. Do 2018 & 2019 for your practice. (it will not be checked)

2,016 2016 2017 2017


Amount % Amount %
Net Sales 12.20 0.71% 682.80 39.71%
Cost of Sales 7.20 0.58%   467.20 37.22%
Gross Profit 5.00 1.09% 215.60 46.45%
Operating Expenses
Selling 1.80 0.78% 133.00 57.28%
General Administrative 7.70 8.85%   38.50 40.65%
Operating income (4.50) -3.17% 44.10 32.12%
Other expenses (3.60) -17.48% 9.40 55.29%
Interest Expense 1.50 12.50%   11.70 86.67%
Income before taxes (2.40) -2.20% 23.00 21.54%
Income tax (0.84) -2.20% 8.05 21.54%
NET INCOME (1.56) -2.20%   14.95 21.54%

2,016 2016 2017 2017


Amount % Amount %
CURRENT Assets
Cash 60.80 107.80% 0.80 0.68%
Trading Securities (131.00) -62.32% 0.40 0.51%
Trade receivables (net) (115.60) -22.14% 54.00 13.28%
Inventory 44.80 11.36% 44.60 10.15%
Other current assets (20.40) -16.80% 2.20 2.18%
TOTAL (161.40) -12.37% 102.00 8.92%

NONCURRENT Assets
PPE (net) 433.10 50.73% (22.60) -1.76%
Other assets 212.40 2469.77% 103.60 46.88%
TOTAL 645.50 74.85% 81.00 5.37%

TOTAL ASSETS 484.10 22.34% 183.00 6.90%

CURRENT Liabilities
Accounts Payable (12.20) -3.25% (17.60) -4.85%
Notes Payable 97.60 86.68% (33.20) -15.79%
Other current liabilities (109.20) -74.08% 12.00 31.41%
TOTAL (23.80) -3.75% (38.80) -6.35%

NONCURRENT Liabilities 207.00 63.69% (51.00) -9.59%


Total Liabilities 183.20 19.08% (89.80) -7.86%

SHAREHOLDERS' Equity
Ordinary shares (P100 par) 200.00 23.53% 190.00 18.10%
Capital in excess of par value 100.00 71.43% 80.00 33.33%
Retained Earnings 0.90 0.41% 2.80 1.28%
TOTAL 300.90 24.93% 272.80 18.09%

TOTAL LIABILITIES and EQUITY 484.10 22.34%   183.00 6.90%

NOTE: For 2016 Amount = 2016 – 2015 For 2017 Amount = 2017 – 2016

% = 2016 – 2015 % = 2017 – 2016


2015 2016

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