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EUI 2016 financial_report 2

The executive summary for Edo State University as of June 2016 shows a cash surplus of ₦366,862,486.00 with total income of ₦256,952,785.00 and a profit of ₦283,603,556.39. The balance sheet indicates net assets of ₦283,963,556.39, and performance metrics show a gross profit margin of 100% and a net profit margin of 110.4%. Additionally, the current assets to liabilities ratio is 5.9, indicating a strong financial position.

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11 views1 page

EUI 2016 financial_report 2

The executive summary for Edo State University as of June 2016 shows a cash surplus of ₦366,862,486.00 with total income of ₦256,952,785.00 and a profit of ₦283,603,556.39. The balance sheet indicates net assets of ₦283,963,556.39, and performance metrics show a gross profit margin of 100% and a net profit margin of 110.4%. Additionally, the current assets to liabilities ratio is 5.9, indicating a strong financial position.

Uploaded by

MOHAMED
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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2016-06-17 12:52 EDO STATE 1 / 1

UNIVERSITY

Executive Summary
EDO STATE UNIVERSITY
Jun 2016
CASH
Cash received 379,383,386.00 ₦
Cash spent -12,520,900.00 ₦
Cash surplus 366,862,486.00 ₦
Closing bank balance 366,862,486.00 ₦
PROFITABILITY
Income 256,952,785.00 ₦
Cost of Sales 0.00 ₦
Gross profit 256,952,785.00 ₦
Expenses -26,650,771.39 ₦
Profit 283,603,556.39 ₦
BALANCE SHEET
Debtors -25,136,600.00 ₦
Creditors -2,119,548.61 ₦
Net assets 283,963,556.39 ₦
PERFORMANCE
Gross profit margin (gross profit / income) 100.0%
Net profit margin (net profit / income) 110.4%
Return on investments (net profit / assets) 83.0%
POSITION
Average debtors days -2.8
Average creditors days -0.2
Short term cash forecast -23,017,051.39 ₦
Current assets to liabilities 5.9

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