Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2019 2018 2017 191,505 80,916 62,642 19,565 242,197 239,635 212,686 121,637 43,122 28,129 175,799 219,055 169,531 154,036 37,462 23,596 232,854 72,807 2,006,330 1,826,817 1,642,513 69,296

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
2019 2018 2017 191,505 80,916 62,642 19,565 242,197 239,635 212,686 121,637 43,122 28,129 175,799 219,055 169,531 154,036 37,462 23,596 232,854 72,807 2,006,330 1,826,817 1,642,513 69,296 10,776 61,270 17,043 3,260 36,727 16.537 2,762,082 52,292 14,609 3.399 30.896 17,298 2,451,293 50,904 18,377 2.992,143 the real balance sheet for Omnivest 2016) ASSETS 269,405 Balance with banks and money at call 71,492 Deposits with banks 34,607 Premium and increase balance recivable 26,685 Re-insurance share in insurance funds 200,293 Investment securities 90,276 Investment in associate Investment in subsidiaries 1,590,799 Loans and advances to customers Due from subsidinaries 51,299 Other assets 10,475 Investment properties 2,970 Project work in progress 30,189 Property and equipment 18,054 Intangible assets 2,396,544 TOTAL ASSETS EQUITY AND LIABILITIES CAPITAL AND RESERVE 63,579 Share capital 61,036 Share premium Treasury shares 27,523 Legal reserve 13,033 General reserve 48,419 Other non-distributable reserves -5,033 Cumulative changes in fair value reserve 32.578 Retained earning 241,135 EQUITY ATTRIBUTABLE TO EQUITY HOLDE 271,135 perpenture bonds 125,336 non-controling interests 396,471 Total Equity Liabilities 150,856 Due to banks 1,625,381 Deposits from customer 67,833 Insurance funds 70,000 Subordinated debet 81,037 Other liabilities 4.966 Taxation 2,000,073 Total liability 2,396,544 Total Equity and Liabilities 80,777 43,838 -81,464 38,871 13,033 41,350 -8,384 64,268 192,289 309,051 162,522 471.573 76,931 47,684 -81,464 34,423 13,033 33,323 -8,391 64,359 179,898 309,539 154,495 464,034 69,937 54,678 -81,464- 30,714 13,033 28,567 -11,093 59,648 164,020 194,020 149,514 343,534 310,016 1,978,832 80,108 20,000 122,467 9,147 2,520,570 2,992,143 238,007 1,862,768 78,011 20.000 91,504 7.758 2,298,048 2,762,082 131,811 1,738,428 68,179 20,000 143,261 6,080 2,107,759 2,451,2931 COMMON SIZE INC EMENT FOR 2016 2017 2016 2017 48.9% 37.7% 1.4% 6.0% 3.0% 44.1% 36.1% 4.8% 8.3% 3.0% 116,098 89,598 3.272 14,214 7.203 2.9% 100.0% 23.2% 27.1% 19.0% 30.5% 3.7% 100.0% 20.7% 26.0% 16.2% 31.7% 6,996 237,381 45,817 -53,557 -37,608 -60,318 2016 Continuing Operation 95,953 Gross premium earned 78,604 Interst income 10,373 Investment income - net 18.055 Fee and commission income - net 6,561 other operating income share of results from subsidiaries 7,985 share of results from associates 217,531 Total Revenue -38,566 Premium ceded to re-insurers 48,466 Net claims -30,244 Interest expences -59,003 Operating expenses provision for impairment of due from a subsidia -2,411 provision for impairment of project work in prog -7.697 Allowance for loan impairment, net of recoveric -186,369 Total Expenses 31.162 Profit befor tax from continuing operations -3.469 Income tax expense 27.693 Profit for the year from continuing operation 0.1% 100.0% 118.8% -18.8% 100.0% 1.3% 4.1% 100.0% 112.5% -12.5% 100.0% -144 -197.444 39,937 -6,315 33,622 6,985 COMMON SIZE INCOME STATEMENT FOR 2018 & 2019 2019 2018 2,019 2018 Continuing Operation 47.2% 45.9% 143.159 127,389 Gross premium carned 38.5% 36.8% 116,583 102,237 Interst income 1.3% 5.3% 3.858 14,660 Investment income - net 2.3% 5.4% 6,859 14,867 Fee and commission income - net 2.3% 2.4% 6,626 other operating income share of results from subsidiaries 8.5% 4.2% 25,699 11,752 share of results from associates 100.0% 100.0% 303.143 277,531 Total Revenue 15.2% 21.7% -37,173 48,570 Premium ceded to re-insurers 32.7% 26.6% -79,922 -59,704 Net claims 21.9% 19.1% -53,647 42,753 Interest expences 28.0% 29.0% -68,392 -65,052 Operating expenses 2.3% 3.6% -5,527 -7.990 Allowance for loan impairment, net of recoverie 100.0% 100.0% -244,661 -224,069 Total Expenses 116.7% 117.3% 58,482 53,462 Profit befor tax from continuing operations -16.7% - 17.3% -8,358 -7.891 Income tax expense 100.0% 100.0% 50,124 45,571 Profit for the year from continuing operation 2019 2018 2017 191.505 80,916 62,642 19.565 242,197 239,635 212.686 121.637 43,122 28,129 175,799 219,055 169.531 154,036 37,462 23,596 232,854 72.807 2,006,330 1,826,817 1.642.513 2,842,790 69.296 10.776 2,627.243 61,270 17,043 3.260 36,727 16,537 134.837 2,762,082 2,332,799 52,292 14,609 3,399 30.896 17,298 118.494 2.451,293 50.004 18,397 149.353 2.992,143 80.777 43,838 -81,464 38,871 13.033 41.350 -8,384 64,268 192,289 309,051 162,522 76,931 47,684 -81,464 34,423 13,033 33,323 -8,391 64.359 179,898 309,539 154,495 464,034 69.937 54,678 -81,464 - 30,714 13.033 28,567 -11,093 59,648 164,020 194.020 149.514 343.534 common size balance sheet for 2016.2017, 2018 & 2016 ASSETS 269,405 Balance with banks and money at call 71,492 Deposits with banks 34,607 Premium and increase balance recivable 26,685 Re-insurance share in insurance funds 200,293 Investment securities 90,276 Investment in associate Investment in subsidiaries 1,590,799 Loans and advances to customers Due from subsidiaries 2,283,557 The current assets 51.299 Other assets 10,475 Investment properties 2.970 Project work in progress 30,189 Property and equipment 18.054 Intangible assets 112,987 fixed assets 2,396,544 TOTAL ASSETS EQUITY AND LIABILITIES CAPITAL AND RESERVE 63,579 Share capital 61,036 Share premium Treasury shares 27,523 Legal reserve 13.033 General reserve 48,419 Other non-distributable reserves -5,033 Cumulative changes in fair value reserve 32.578 Retained earning 241.135 EQUITY ATTRIBUTABLE TO EQUITY HOI 271,135 perpenture bonds 125,336 non-controling interests 396,471 Total Equity Liabilities 150.856 Due to banks 1,625,381 Deposits from customer 67,833 Insurance funds 70,000 Subordinated debet 31.037 Other liabilities 1.995.107 the total current liabilities 4.966 Taxation 2,000,073 Total liability 2.396.544 Total Equity and Liabilities 471.573 310,016 1.978,832 80,108 20.000 122,467 2,511,423 9.147 2,520,570 2.992.143 238,007 1.862,768 78,011 20,000 91.504 2,290,290 7.758 2,298,048 2.762.082 131.811 1,738,428 68,179 20,000 143.261 2,101.6791 6,080 2,107,759 2.451.293 tio. 1. 2. Calculate net working capital for 4 years. Analyze trends. 3. Calculate Cash Flow from Assets for 4 years. Analyze trends. 2019 2018 2017 191,505 80,916 62,642 19,565 242,197 239,635 212,686 121,637 43,122 28,129 175,799 219,055 169,531 154,036 37,462 23,596 232,854 72,807 2,006,330 1,826,817 1,642,513 69,296 10,776 61,270 17,043 3,260 36,727 16.537 2,762,082 52,292 14,609 3.399 30.896 17,298 2,451,293 50,904 18,377 2.992,143 the real balance sheet for Omnivest 2016) ASSETS 269,405 Balance with banks and money at call 71,492 Deposits with banks 34,607 Premium and increase balance recivable 26,685 Re-insurance share in insurance funds 200,293 Investment securities 90,276 Investment in associate Investment in subsidiaries 1,590,799 Loans and advances to customers Due from subsidinaries 51,299 Other assets 10,475 Investment properties 2,970 Project work in progress 30,189 Property and equipment 18,054 Intangible assets 2,396,544 TOTAL ASSETS EQUITY AND LIABILITIES CAPITAL AND RESERVE 63,579 Share capital 61,036 Share premium Treasury shares 27,523 Legal reserve 13,033 General reserve 48,419 Other non-distributable reserves -5,033 Cumulative changes in fair value reserve 32.578 Retained earning 241,135 EQUITY ATTRIBUTABLE TO EQUITY HOLDE 271,135 perpenture bonds 125,336 non-controling interests 396,471 Total Equity Liabilities 150,856 Due to banks 1,625,381 Deposits from customer 67,833 Insurance funds 70,000 Subordinated debet 81,037 Other liabilities 4.966 Taxation 2,000,073 Total liability 2,396,544 Total Equity and Liabilities 80,777 43,838 -81,464 38,871 13,033 41,350 -8,384 64,268 192,289 309,051 162,522 471.573 76,931 47,684 -81,464 34,423 13,033 33,323 -8,391 64,359 179,898 309,539 154,495 464,034 69,937 54,678 -81,464- 30,714 13,033 28,567 -11,093 59,648 164,020 194,020 149,514 343,534 310,016 1,978,832 80,108 20,000 122,467 9,147 2,520,570 2,992,143 238,007 1,862,768 78,011 20.000 91,504 7.758 2,298,048 2,762,082 131,811 1,738,428 68,179 20,000 143,261 6,080 2,107,759 2,451,2931 COMMON SIZE INC EMENT FOR 2016 2017 2016 2017 48.9% 37.7% 1.4% 6.0% 3.0% 44.1% 36.1% 4.8% 8.3% 3.0% 116,098 89,598 3.272 14,214 7.203 2.9% 100.0% 23.2% 27.1% 19.0% 30.5% 3.7% 100.0% 20.7% 26.0% 16.2% 31.7% 6,996 237,381 45,817 -53,557 -37,608 -60,318 2016 Continuing Operation 95,953 Gross premium earned 78,604 Interst income 10,373 Investment income - net 18.055 Fee and commission income - net 6,561 other operating income share of results from subsidiaries 7,985 share of results from associates 217,531 Total Revenue -38,566 Premium ceded to re-insurers 48,466 Net claims -30,244 Interest expences -59,003 Operating expenses provision for impairment of due from a subsidia -2,411 provision for impairment of project work in prog -7.697 Allowance for loan impairment, net of recoveric -186,369 Total Expenses 31.162 Profit befor tax from continuing operations -3.469 Income tax expense 27.693 Profit for the year from continuing operation 0.1% 100.0% 118.8% -18.8% 100.0% 1.3% 4.1% 100.0% 112.5% -12.5% 100.0% -144 -197.444 39,937 -6,315 33,622 6,985 COMMON SIZE INCOME STATEMENT FOR 2018 & 2019 2019 2018 2,019 2018 Continuing Operation 47.2% 45.9% 143.159 127,389 Gross premium carned 38.5% 36.8% 116,583 102,237 Interst income 1.3% 5.3% 3.858 14,660 Investment income - net 2.3% 5.4% 6,859 14,867 Fee and commission income - net 2.3% 2.4% 6,626 other operating income share of results from subsidiaries 8.5% 4.2% 25,699 11,752 share of results from associates 100.0% 100.0% 303.143 277,531 Total Revenue 15.2% 21.7% -37,173 48,570 Premium ceded to re-insurers 32.7% 26.6% -79,922 -59,704 Net claims 21.9% 19.1% -53,647 42,753 Interest expences 28.0% 29.0% -68,392 -65,052 Operating expenses 2.3% 3.6% -5,527 -7.990 Allowance for loan impairment, net of recoverie 100.0% 100.0% -244,661 -224,069 Total Expenses 116.7% 117.3% 58,482 53,462 Profit befor tax from continuing operations -16.7% - 17.3% -8,358 -7.891 Income tax expense 100.0% 100.0% 50,124 45,571 Profit for the year from continuing operation 2019 2018 2017 191.505 80,916 62,642 19.565 242,197 239,635 212.686 121.637 43,122 28,129 175,799 219,055 169.531 154,036 37,462 23,596 232,854 72.807 2,006,330 1,826,817 1.642.513 2,842,790 69.296 10.776 2,627.243 61,270 17,043 3.260 36,727 16,537 134.837 2,762,082 2,332,799 52,292 14,609 3,399 30.896 17,298 118.494 2.451,293 50.004 18,397 149.353 2.992,143 80.777 43,838 -81,464 38,871 13.033 41.350 -8,384 64,268 192,289 309,051 162,522 76,931 47,684 -81,464 34,423 13,033 33,323 -8,391 64.359 179,898 309,539 154,495 464,034 69.937 54,678 -81,464 - 30,714 13.033 28,567 -11,093 59,648 164,020 194.020 149.514 343.534 common size balance sheet for 2016.2017, 2018 & 2016 ASSETS 269,405 Balance with banks and money at call 71,492 Deposits with banks 34,607 Premium and increase balance recivable 26,685 Re-insurance share in insurance funds 200,293 Investment securities 90,276 Investment in associate Investment in subsidiaries 1,590,799 Loans and advances to customers Due from subsidiaries 2,283,557 The current assets 51.299 Other assets 10,475 Investment properties 2.970 Project work in progress 30,189 Property and equipment 18.054 Intangible assets 112,987 fixed assets 2,396,544 TOTAL ASSETS EQUITY AND LIABILITIES CAPITAL AND RESERVE 63,579 Share capital 61,036 Share premium Treasury shares 27,523 Legal reserve 13.033 General reserve 48,419 Other non-distributable reserves -5,033 Cumulative changes in fair value reserve 32.578 Retained earning 241.135 EQUITY ATTRIBUTABLE TO EQUITY HOI 271,135 perpenture bonds 125,336 non-controling interests 396,471 Total Equity Liabilities 150.856 Due to banks 1,625,381 Deposits from customer 67,833 Insurance funds 70,000 Subordinated debet 31.037 Other liabilities 1.995.107 the total current liabilities 4.966 Taxation 2,000,073 Total liability 2.396.544 Total Equity and Liabilities 471.573 310,016 1.978,832 80,108 20.000 122,467 2,511,423 9.147 2,520,570 2.992.143 238,007 1.862,768 78,011 20,000 91.504 2,290,290 7.758 2,298,048 2.762.082 131.811 1,738,428 68,179 20,000 143.261 2,101.6791 6,080 2,107,759 2.451.293 tio. 1. 2. Calculate net working capital for 4 years. Analyze trends. 3. Calculate Cash Flow from Assets for 4 years. Analyze trends

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cases In Healthcare Finance

Authors: Louis C. Gapenski

3rd Edition

1567932444, 9781567932447

More Books

Students also viewed these Finance questions