1) The balance sheet shows the company's assets and liabilities as of December 31, 2021. Total assets were $10.4 million with non-current assets at $4.2 million and current assets at $6.2 million.
2) Total equity was $3 million and total liabilities were $7.4 million comprising of non-current liabilities of $592 thousand and current liabilities of $6.8 million.
3) In 2021, the company had net income of $5.2 million on sales of $19.8 million. The profitability ratios show a net profit margin of 26% and return on assets of 71%.
1) The balance sheet shows the company's assets and liabilities as of December 31, 2021. Total assets were $10.4 million with non-current assets at $4.2 million and current assets at $6.2 million.
2) Total equity was $3 million and total liabilities were $7.4 million comprising of non-current liabilities of $592 thousand and current liabilities of $6.8 million.
3) In 2021, the company had net income of $5.2 million on sales of $19.8 million. The profitability ratios show a net profit margin of 26% and return on assets of 71%.
1) The balance sheet shows the company's assets and liabilities as of December 31, 2021. Total assets were $10.4 million with non-current assets at $4.2 million and current assets at $6.2 million.
2) Total equity was $3 million and total liabilities were $7.4 million comprising of non-current liabilities of $592 thousand and current liabilities of $6.8 million.
3) In 2021, the company had net income of $5.2 million on sales of $19.8 million. The profitability ratios show a net profit margin of 26% and return on assets of 71%.
1) The balance sheet shows the company's assets and liabilities as of December 31, 2021. Total assets were $10.4 million with non-current assets at $4.2 million and current assets at $6.2 million.
2) Total equity was $3 million and total liabilities were $7.4 million comprising of non-current liabilities of $592 thousand and current liabilities of $6.8 million.
3) In 2021, the company had net income of $5.2 million on sales of $19.8 million. The profitability ratios show a net profit margin of 26% and return on assets of 71%.
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Balance sheet as at december 31
Assets 2021 non-current assets Property, plant and equipment 4,053,993 Right-of-use asset 46,511 Intangible assets 81,637 Long term deposits 2,980 Long term loans and advances 1,144 4,186,265 Current assets Stores and spares 196,537 Stock-in-trade 1,327,888 Trade debts - net 519,372 Loans and advances 3,531 Trade deposits and short term prepayments 82,055 Other receivables 96,045 Sales tax refundable - net 142,810 Taxation - net 536,557 Cash and bank balances 3,297,755 6,202,550 Total Assets 10,388,815
EQUITY AND LIABILITIES
Share capital and reserves Share capital 63,699 Reserves 2,905,867 Total equity 2,969,566
LIABILITIES Non-current liabilities Staff retirement benefits 15,513 Long term borrowings 168,619 Deferred income - government grant 29,271 Lease liabilities 20,571 Deferred taxation 357,704 591,678 Current liabilities Trade and other payables 5,257,887 Current portion of deferred income - government grant 2,252 Current portion of lease liabilities 387 Provisions 124,524 Unpaid dividend 1,416,018 Unclaimed dividend 24,627 Accrued interest / mark up 1,876 short term bowrring Sales tax payable 6,827,571 Total liabilities 7,419,249 Total equity and liabilities 10,388,815
Net Income Sales - net 19,820,946 Cost of sales 10,904,750 Gross profit 8,916,196 Distribution cost 2,888,333 Administrative expenses 486,020 Other operating expenses 371,223 Other income 331,367 Operating profit 5,501,987 Finance costs 79,151 Profit before taxation 5,422,836 Taxation 253,359 Profit after taxation 5,169,477 Other comprehensive income which will not be reclassified to the profit or loss in subsequent periods: Gain on remeasurements of post employment defined benefit obligati 1,616 Impact of deferred tax 469 1,147 Total comprehensive income 5,170,624
Profitability Ratio 2021 Net Profit margin 26% Average total assets 7234881.5
