The document provides pro-forma financial statements for a company from 2015-2017. It shows increases in sales and assets over this period. However, gross profit and EBITDA declined as a percentage of sales from 2015-2017 despite higher sales. Personnel costs remained relatively stable while other costs fluctuated. Total assets grew as non-current assets such as software and PP&E increased, and current assets such as cash and receivables also rose. Liabilities expanded significantly from 2015-2017 primarily due to increased bank loans.
The document provides pro-forma financial statements for a company from 2015-2017. It shows increases in sales and assets over this period. However, gross profit and EBITDA declined as a percentage of sales from 2015-2017 despite higher sales. Personnel costs remained relatively stable while other costs fluctuated. Total assets grew as non-current assets such as software and PP&E increased, and current assets such as cash and receivables also rose. Liabilities expanded significantly from 2015-2017 primarily due to increased bank loans.
The document provides pro-forma financial statements for a company from 2015-2017. It shows increases in sales and assets over this period. However, gross profit and EBITDA declined as a percentage of sales from 2015-2017 despite higher sales. Personnel costs remained relatively stable while other costs fluctuated. Total assets grew as non-current assets such as software and PP&E increased, and current assets such as cash and receivables also rose. Liabilities expanded significantly from 2015-2017 primarily due to increased bank loans.
The document provides pro-forma financial statements for a company from 2015-2017. It shows increases in sales and assets over this period. However, gross profit and EBITDA declined as a percentage of sales from 2015-2017 despite higher sales. Personnel costs remained relatively stable while other costs fluctuated. Total assets grew as non-current assets such as software and PP&E increased, and current assets such as cash and receivables also rose. Liabilities expanded significantly from 2015-2017 primarily due to increased bank loans.
Financial analysis KPMG Deal Advisory — 2018 PRIVATE AND CONFIDENTIAL – CIRCULATION RESTRICTED Introduction PRIVATE AND CONFIDENTIAL – CIRCULATION RESTRICTED Brief description The Company, s.r.o. is one of the leading companies in the country with operations in: — banking software development — sale of POS terminals Pro-forma financial statements (FS) are presented for the year 2015 – 2017 Your task Prepare a financial analysis (maximum of 2 pages) based on developments observed in the income statement and the balance sheet Focus on discussing key items in the financial statements and explaining their annual development Your analysis will be evaluated based on how well you develop your assumptions on what could have been the reasons for the key changes, as well as your ability to link developments between the income statement and the balance sheet Financial ratio calculations without substantial discussion in your analysis is not perceived as sufficient
Pro-forma financial statements PRIVATE AND CONFIDENTIAL – CIRCULATION RESTRICTED Pro-forma income statements of the Company, s.r.o. Pro-forma balance sheets of the Company, s.r.o.
FY 2015 FY 2016 FY 2017 FY 2015 FY 2016 FY 2017
EUR'000 (Unaudited) (Unaudited) (Unaudited) EUR'000 (Unaudited) (Unaudited) (Unaudited) Sales 4,735 6,031 10,443 Non-current assets Acquisition of non-current assets 72 296 - Cost of sales (1,530) (3,881) (7,616) Software 1,326 649 582 Gross profit 3,205 2,150 2,826 PP&E 1,981 1,829 2,567 Gross margin % 67.7% 35.6% 27.1% 3,379 2,774 3,149 Personnel costs (2,417) (2,373) (2,141) Current assets Cash and cash equivalents 627 387 626 Other costs, net (25) 99 (47) Trade receivables 506 522 959 EBITDA 763 (124) 638 Inventory 601 227 554 EBITDA % 16.1% (2.1)% 6.1% Tax receivables - - 190 Depreciation expense (505) (1,075) (427) Other assets 81 120 51 EBIT 258 (1,199) 211 1,815 1,256 2,381 Total assets 5,194 4,029 5,531 EBIT % 5.4% (19.9)% 2.0% Shareholder's equity Interest expense, net (14) (43) (63) Share capital 2,594 2,594 2,594 Profit before tax 244 (1,242) 148 Statutory and capital funds 944 945 1 Income tax (52) (14) 208 Retained earnings 489 (943) 356 4,028 2,596 2,952 Profit after tax 192 (1,257) 356 Liabilities Source: Financial Statements provided by the management of the Company Bank loans 330 478 1,326 Long term liabilities 209 218 83 Trade payables 233 377 577 Other liabilities 264 349 567 Accrued and deferred liabilities 128 11 25 1,166 1,434 2,579 Total equity and liabilities 5,194 4,029 5,531 Source: Financial Statements provided by the management of the Company
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Bank of America, NT & Sa v. Associated Citizens Bank, Ba-Finance Corporation, Miller Offset Press, Inc., Uy Kiat Chung, Ching Uy Seng, Uy Chung Guan Seng, and Court of Appeals
Bank of America, NT & Sa v. Associated Citizens Bank, Ba-Finance Corporation, Miller Offset Press, Inc., Uy Kiat Chung, Ching Uy Seng, Uy Chung Guan Seng, and Court of Appeals
