.2 Dytex Ltd.s Statements of Financial Position

Dytex Ltd. Statements of Financial Position as at December 31 (in $000s)
	2012 Actual	2013 Forecast	2014 Budget
Assets
Non-current assets
Property, plant, and equipment	100,000	113,000	135,000
Accumulated depreciation	(30,000)	(33,000)	(38,000)
Net non-current assets	70,000	80,000	97,000
Current assets
Inventories	6,000	8,000	8,500
Trade receivables	9,000	12,700	14,000
Prepaid expenses	300	200	300
Cash and cash equivalents	1,100	1,450	1,600
Total current assets	16,400	22,350	24,400
Total assets	86,400	102,350	121,400
Equity and liabilities
Equity
Share capital	25,000	30,000	31,000
Retained earnings	17,800	24,450	38,030
Total equity	42,800	54,450	69,030
Liabilities
Non-current liabilities
Long-term borrowings	34,400	38,000	41,000
Current liabilities
Trade and other payables	4,000	4,100	4,700
Short-term borrowings	5,000	5,300	5,900
Accruals	00	500	770
Total current liabilities	9,200	9,900	11,370
Total liabilities	43,600	47,900	52,370
Total equity and liabilities	86,400	102,350	121,400

The statements of financial position (Table 7.2) also indicated an improvement/decline in the debt-to-total assets ratio. In 2012, ?% of the assets were financed by debt. Despite the $? million investment or ?% increase/decrease in assets in 2014, the debt-to-total assets ratio would drop/up to ?%. All other ratios related to the statements of financial position showed positive/negative developments. The current ratio would go from ? in 2012 to ? in 2014 while times-interest-earned would should an improvement from ? times to ? times over the same time period. She also pointed out the following fixed payments during the planning period:

(in thousands of $) 2012 2013 2014

Lease payments ? ? ?