ASSIGNMENT 2 Adopt the liquidity ratios and the profitability ratios to analyze the performance of the accompanying financial statements of the company. TOTAL PETROLEUM GHANA LIMITED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018 INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2010 2018 GH000 2017 GH"000 Note Revenue 6 566,514 (534,101) Cost of Sales (502 393) Gross profit 40,046 32,413 7 10.947 (32,756) 7,182 (27,436) 18.237 12.159 Other Income General and Administrative expenses Operating profit before financing cost Interest income Interest expense Net Finance Cost Profit before taxation (2.703) 131 (4.196) (4,065) 16,157 8,094 (2.991) (1.874) Income tax expense Profit for the year 13,166 GH0.9415 GH0.4448 Basic carnings per share (Ghana cedi per share) Diluted earnings per share (Ghana cedi per share) GH0.9415 GH04448 2 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2010 2018 GH'000 2017 GH"000 45.859 12.738 14 41,588 15,981 58,611 57,583 Property, plant and equipment Intangible assets Long term investments Total non-current assets Inventories Income tax asset Trade and other receivables Amount due from related companies Cash and cash equivalents 14,312 1,201 58,925 18,246 734 58,615 46 12,927 10,786 Total current assets 85.224 90,568 Total assets 143,835 148,151 Equity Share capital Retained earnings 49,722 10.687 49,722 5.859 Total equity 60,409 55,581 Liabilities 4,380 72.168 2.853 31,519 48,516 7,035 79,401 87,070 Bank overdraft Trade and other payables Amount due to related companies Total current liabilities Deferred tax liabilities Total liabilities Total liabilities and equity 4,025 5,500 83.426 92.570 143.835 148,151