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(In Philippine Peso) : Total Current Assets

The document contains the statements of financial position and financial performance for Alam Co. for the years ended December 31, 2016, 2015 and 2014. The statements of financial position show that total assets increased from P1,423,000 in 2014 to P1,969,000 in 2016, with property and equipment as a major asset. Total liabilities also increased from P549,000 to P900,000 over the same period. The statements of financial performance indicate that net sales and gross profit increased each year, with earnings after tax growing from P114,600 in 2014 to P168,000 in 2016.

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Joey Wassig
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109 views2 pages

(In Philippine Peso) : Total Current Assets

The document contains the statements of financial position and financial performance for Alam Co. for the years ended December 31, 2016, 2015 and 2014. The statements of financial position show that total assets increased from P1,423,000 in 2014 to P1,969,000 in 2016, with property and equipment as a major asset. Total liabilities also increased from P549,000 to P900,000 over the same period. The statements of financial performance indicate that net sales and gross profit increased each year, with earnings after tax growing from P114,600 in 2014 to P168,000 in 2016.

Uploaded by

Joey Wassig
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ALAM CO.

Governor Pack Rd., Baguio City

STATEMENTS OF FINANCIAL POSITION


AS AT DECEMBER 31, 2016, 2015 AND 2014
(In Philippine Peso)

2016 2015 2014

A S S E T S
Current Assets
Cash and Cash Equivalents P 90,000 P 100,000 P 148,000
Marketable Securities 15,000 14,000 10,000
Accounts Receivable 394,000 410,000 383,000
Inventory 596,000 516,000 422,000
Total Current Assets 1,095,000 1,040,000 963,000

Property and Equipment, net 874,000 804,000 460,000


TOTAL ASSETS P 1,969,000 P 1,844,000 P 1,423,000

LIABILITIES AND EQUITY


Current Liabilities
Notes Payable P 290,000 P 295,000 P 290,000
Accounts Payable 94,000 94,000 81,000
Accrued Expenses 116,000 116,000 28,000
Total Current Liabilities 500,000 505,000 399,000

Bonds Payable 400,000 400,000 150,000


TOTAL LIABILITIES P 900,000 P 905,000 P 549,000

Equity
Capital Shares (P5.00 par) 500,000 500,000 500,000
Retained Earnings 569,000 439,000 374,000
TOTAL LIABILITIES AND EQUITY P 1,969,000 P 1,844,000 P 1,423,000
ALAM CO.
Governor Pack Rd., Baguio City

STATEMENTS OF FINANCIAL PERFORMANCE


FOR THE YEARS ENDED DECEMBER 31 2016, 2015 AND 2014
(In Philippine Peso)

2016 2015 2014


Net Sales P 2,211,000 P 2,106,000 P 1,235,000
Cost of Goods Sold (1,599,000) (1,501,000) (849,000)
Gross Profit 612,000 605,000 386,000
Operating Expenses (292,000) (345,000) (180,000)
Operating Income 320,000 260,000 206,000
Interest Expense (40,000) (40,000) (15,000)
Earnings Before Tax 280,000 220,000 191,000
Income Tax (112,000) (88,000) (76,400)
Earnings After Tax P 168,000 P 132,000 P 114,600

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