Zebra Share Company
Comparative Statements of Financial position
December 31, 2017 and 2018
(In thousands of Birrs)
Assets
Current assets:
Cash
Marketable securities
Accounts receivable (net)
Inventories
Total current assets
Fixed assets:
Land and buildings
Plant and equipment
Total fixed assets
Less: accumulated depreciation
Net fixed assets
Total assets
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable
Notes payable
Taxes payable
Total current liabilities
Long-term debt:
Mortgage bonds –5%
Total liabilities
Shareholders’ equity:
Share Capital—Preference–5% (Br. 100 par)
Share Capital—Ordinary (Br. 10 par)
Share Premium—Ordinary
Retained earnings
Total shareholders’ equity
Total liabilities and shareholders’ equity
2018
2017
9,000
3,000
20,700
24,900
57,600
7,000
2,000
18,300
23,700
51,000
33,000
130,500
163,500
67,200
96,300
153,900
27,000
120,000
147,000
61,200
85,800
136,800
20,100
14,700
3,300
38,100
17,100
13,200
3,000
33,300
60,000
98,100
60,000
93,300
6,000
33,000
7,500
9,300
55,800
153,900
30,000
4,500
9,000
43,500
136,800
Zebra Share Company
Income Statement
For the Year Ended December 31, 2018
________________________________________________________________________
Net sales
Br. 196,200,000
Cost of goods sold
159,600,000
Gross profit
Br. 36,600,000
Operating expenses*
26,100,000
Earnings before interest and taxes (EBIT)
Br. 10,500,000
Interest expense
3,000,000
Earnings before taxes (EBT)
Br. 7,500,000
Income taxes
3,600,00
Net income
Br. 3,900,000
* Included in operating expenses are Br. 6,000,000 depreciation and Br. 2,700,000 lease payment.
Zebra Share Company
Statement of Retained Earnings
For the Year Ended December 31, 2018
Retained earnings at beginning of year
Add: Net income
Sub-total
Less: Cash dividends
Preference
Ordinary
Sub-total
Retained earnings at end of year
Br. 9,000,000
3,900,000
Br. 12,900,000
Br. 300,000
3,300,000
Br. 3,600,000
Br. 9,300,000