Consider the annual reports of Ferrari for 2 0 2 2 uploaded. Using financial ratios, you are
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Consider the annual reports of Ferrari for uploaded. Using financial ratios, you are required to compare them and answer the following questions:
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Statement of Cash Flows for the years ended December 31, 2022, 2021 and 2020 ( thousand) Cash and cash equivalents at the beginning of the year Cash flows from operating activities: Profit before taxes Amortization and depreciation Provision accruals Result from investments Net finance costs Other non-cash expenses, net Change in inventories Change in trade receivables Change in trade payables Change in receivables from financing activities Change in other operating assets and liabilities Finance income received Finance costs paid Income tax paid Total cash flows from operating activities Cash flows used in investing activities: Investments in property, plant and equipment Investments in intangible assets Investments in joint ventures Proceeds from the sale of property, plant and equipment and intangible assets Total cash flows used in investing activities Cash flows (used in)/from financing activities: Proceeds from securitizations, net of repayments Net change in other debt Repayment of lease liabilities Net change in borrowings to banks and other financial institutions Repayment of bonds and notes Proceeds from bonds and notes Dividends paid to owners of the parent Dividends paid to non-controlling interests Share repurchases Total cash flows (used in)/from financing activities Translation exchange differences Total change in cash and cash equivalents Cash and cash equivalents at the end of the year Note N 32 32 For the years ended December 31, 2022 1,344,146 1,177,766 546,225 72,331 (6,175) 49,616 46,653 (153,890) (48,400) 103,981 (187,890) 140,008 5,158 (37,351) (304,692) 1,403,340 (347,725) (456,894) (1,367) 578 (805,408) 146,100 11,241 (16,500) (46,091) (249,522) (2,266) (396,522) (553,560) 383 44,755 1,388,901 2021 1,362,406 1,042,231 455,989 30,284 (6,896) 33,257 23,941 (81,309) 1,771 72,568 (122,746) (29,840) 1,679 (29,202) (109,001) 1,282,726 (352,316) (384,827) 4,405 (732,738) 71,444 (8,037) (21,605) 121,385 (500,000) 149,495 (160,101) (1,354) (230,899) (579,672) 11,424 (18,260) 1,344,146 2020 897,940 667,035 426,63 25,805 (4,647 49,09 39,072 (67,797 44,47 8,594 (69,376 (137,313 2,109 (54,427 (91,051 838,21 (357,018 (351,978 969 (708,027 44,126 18,08: (20,035 (1,740 640,07 (208,100 (2,929 (129,793 339,683 (5,407 464,460 1,362,400 Statement of Cash Flows for the years ended December 31, 2022, 2021 and 2020 ( thousand) Cash and cash equivalents at the beginning of the year Cash flows from operating activities: Profit before taxes Amortization and depreciation Provision accruals Result from investments Net finance costs Other non-cash expenses, net Change in inventories Change in trade receivables Change in trade payables Change in receivables from financing activities Change in other operating assets and liabilities Finance income received Finance costs paid Income tax paid Total cash flows from operating activities Cash flows used in investing activities: Investments in property, plant and equipment Investments in intangible assets Investments in joint ventures Proceeds from the sale of property, plant and equipment and intangible assets Total cash flows used in investing activities Cash flows (used in)/from financing activities: Proceeds from securitizations, net of repayments Net change in other debt Repayment of lease liabilities Net change in borrowings to banks and other financial institutions Repayment of bonds and notes Proceeds from bonds and notes Dividends paid to owners of the parent Dividends paid to non-controlling interests Share repurchases Total cash flows (used in)/from financing activities Translation exchange differences Total change in cash and cash equivalents Cash and cash equivalents at the end of the year Note N 32 32 For the years ended December 31, 2022 1,344,146 1,177,766 546,225 72,331 (6,175) 49,616 46,653 (153,890) (48,400) 103,981 (187,890) 140,008 5,158 (37,351) (304,692) 1,403,340 (347,725) (456,894) (1,367) 578 (805,408) 146,100 11,241 (16,500) (46,091) (249,522) (2,266) (396,522) (553,560) 383 44,755 1,388,901 2021 1,362,406 1,042,231 455,989 30,284 (6,896) 33,257 23,941 (81,309) 1,771 72,568 (122,746) (29,840) 1,679 (29,202) (109,001) 1,282,726 (352,316) (384,827) 4,405 (732,738) 71,444 (8,037) (21,605) 121,385 (500,000) 149,495 (160,101) (1,354) (230,899) (579,672) 11,424 (18,260) 1,344,146 2020 897,940 667,035 426,63 25,805 (4,647 49,09 39,072 (67,797 44,47 8,594 (69,376 (137,313 2,109 (54,427 (91,051 838,21 (357,018 (351,978 969 (708,027 44,126 18,08: (20,035 (1,740 640,07 (208,100 (2,929 (129,793 339,683 (5,407 464,460 1,362,400
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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