Scribd Logo
Upload

Welcome to Scribd!

  • 112 views

    Riel Corporation Comparative Statements of Financial Position December 31, 2015

    Uploaded by

    Rocel Domingo
    Riel Corporation's financial position improved from 2014 to 2015. Total assets increased by $47.8 million (4.95%), with current assets rising $78.5 million (9.91%) due primarily to higher receivables and inventory. Non-current assets decreased $30.7 million (17.64%) mainly from lower property, plant and equipment. Total liabilities grew modestly by $4.3 million (0.73%) while shareholders' equity increased $38.5 million (10.22%) due to higher retained earnings. Sales grew $275.2 million (10.07%) in 2015 with gross profit and net income also up marginally.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Riel Corporation Comparative Statements of Financial Position December 31, 2015

    Uploaded by

    Rocel Domingo
    112 views2 pages
    Riel Corporation's financial position improved from 2014 to 2015. Total assets increased by $47.8 million (4.95%), with current assets rising $78.5 million (9.91%) due primarily to higher receivables and inventory. Non-current assets decreased $30.7 million (17.64%) mainly from lower property, plant and equipment. Total liabilities grew modestly by $4.3 million (0.73%) while shareholders' equity increased $38.5 million (10.22%) due to higher retained earnings. Sales grew $275.2 million (10.07%) in 2015 with gross profit and net income also up marginally.

    Original Title

    Vertical Analysis

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Riel Corporation's financial position improved from 2014 to 2015. Total assets increased by $47.8 million (4.95%), with current assets rising $78.5 million (9.91%) due primarily to higher receivables and inventory. Non-current assets decreased $30.7 million (17.64%) mainly from lower property, plant and equipment. Total liabilities grew modestly by $4.3 million (0.73%) while shareholders' equity increased $38.5 million (10.22%) due to higher retained earnings. Sales grew $275.2 million (10.07%) in 2015 with gross profit and net income also up marginally.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    112 views2 pages

    Riel Corporation Comparative Statements of Financial Position December 31, 2015

    Uploaded by

    Rocel Domingo
    Riel Corporation's financial position improved from 2014 to 2015. Total assets increased by $47.8 million (4.95%), with current assets rising $78.5 million (9.91%) due primarily to higher receivables and inventory. Non-current assets decreased $30.7 million (17.64%) mainly from lower property, plant and equipment. Total liabilities grew modestly by $4.3 million (0.73%) while shareholders' equity increased $38.5 million (10.22%) due to higher retained earnings. Sales grew $275.2 million (10.07%) in 2015 with gross profit and net income also up marginally.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    RIEL CORPORATION

    Comparative Statements of Financial Position


    December 31, 2015

    Increase (decrease)
    2015 2014 Amount Percent
    Assets
    Current Assets
    Cash & Cash 106,789 102,375 10.53 10.59
    Equivalent
    Trade & Other 327, 611 277, 467 32.31 28.71
    Receivables
    Inventory 334, 863 297, 654 33.02 30.80
    Prepaid Expenses 101,565 114,813 10.02 11.88
    Total Current Assets 870, 828 792, 309 85.87 81.99
    Non-Current
    Property, Plant & 135, 754 166, 481 13.39 17.23
    Equipment
    Intangibles 7, 500 7, 500 0.74 0.78
    Total Non-current 143, 254 173, 981 14.13 18.01
    Asset
    Total Assets 1,014,082 966,290 100.00 100.00

    Liabilities and
    Shareholders’
    Equity
    Current liabilities
    Trade and Other 238, 000 208,703 23.47 21.60
    Payables
    Unearned 107,508 82,456 10.60 8.53
    Revenues
    Notes Payable - 45, 000 45, 000 4.44 4.66
    Current
    Total Current 390, 508 336,159 38.51 34.79
    Liabilities
    Non-Current
    Liabilities
    Notes Payable Non- 208, 422 253, 500 20.55 26.23
    Current
    Total Liabilities 593, 930 589, 659 59.06 61.02
    Shareholders’
    Equity
    Preference Shares, 105, 000 105, 000 10.35 10.87
    P100
    Ordinary Shares, P1 15, 000 15, 000 1.48 1.55
    par
    Premium on 135, 000 135, 000 13.31 13.97
    Ordinary Shares
    Total paid-in-capital 255, 000 255, 000 25.15 26.39

    Retained Earnings 160, 152 121, 631 15.79 12.59


    TOTAL 415, 152 376, 631 40.94 38.98
    SHAREHOLDERS’
    EQUITY
    Total Liabilities & 1, 014, 082 966, 290 100 100
    Shareholders’
    Equity

    RIEL CORPORATION
    Common Size Comparative Statements of Financial Performance
    December 31, 2015

    Increase (decrease)
    2015 2014 Amount Percent

    Sales 3, 007, 887 2, 732, 712 100.00 100.00


    Less: COGS 2, 208, 520 1, 924, 865 73.42 71.90
    Gross Profit 799, 367 767, 847 26.58 28.10
    Less: Distribution 372, 000 345, 000 12.37 12.62
    Costs
    Administrative 207, 000 213, 000 6.88 7.79
    Expenses
    Total Operating 579, 000 558, 000 19.25 20.42
    Expenses
    Operating Income 220, 367 209, 847 7.33 7.68
    Less: Interest 41, 860 43, 905 1.39 1.61
    Expense
    Net Income before 178, 507 165, 942 5.93 6.07
    taxes
    Less: Income Tax 62, 477 58, 080 2.08 2.13
    Net Income After 116, 030 107, 862 3.86 3.95
    Tax

    You might also like