Financial Management Financial Ratios Basic Classifications of Financial Ratios Calculate all the ratios under the classifications list below: Asset Management (Activity Ratios) Profitability (including the ROE) DuPont Model ROE Calculation YOU DON'T HAVE TO EXPLAIN/ANALYSE THE RESULTS. Save a copy Dis Page 7 LASCO DISTRIBUTORS LIMITED STATEMENT OF FINANCIAL POSITION 31 MARCH 2019 Note 2019 2018 Sooo SPOOO ASSETS NON-CURRENT ASSETS: Property, plant and equipment 14 1,834,487 1,481,386 Intangible assets 15 113,362 133,569 Financial assets at fair value through other comprehensive income 16 53.773 2.001.622 1.614.955 CURRENT ASSETS: Inventories 17 2.467.632 2,483,422 Receivables 18 2,570,870 2.491,497 Related companies 19 77.85 38,504 Directors current account 19 12,359 18,335 Taxation recoverable 1,707 25,613 Short term investments 20 196,817 118,686 Cash and cash equivalents 21 1.310.792 1.719,254 6.638,040 6.895,311 8,639.662 8.510.266 EQUITY AND LIABILITIES EQUITY: Share capital 22 467,739 428,782 Revaluation reserve 23 75,387 75,387 Fair value reserve 24 12,709 Other reserve 25(c) 9,697 23,252 Retained earnings 4,623,455 4,042,433 5.188.982 4.569.854 NON-CURRENT LIABILITIES: Long term loans 26 93,333 173,333 Deferred tax liability 27 20.283 16,307 113,616 189,640 CURRENT LIABILITIES: Payables 28 2.842,566 3,596,852 Short term loan 29 200,000 Current portion of long term loan 26 246,667 88,333 Taxation 47.826 65,587 3.337.059 3.750.772 8.639,662 8.510,266 Approved for issue by the Board of Directors on 29 May 2019 and signed on its behalf by: Read Only - You can't save changes to this file. Save a copy Dismiss Page 6 LASCO DISTRIBUTORS LIMITED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME YEAR ENDED 31 MARCH 2019 Note 7 REVENUE COST OF SALES GROSS PROFIT Other operating income 2012 Soon 18,130,689 (14,581,800) 3,548,889 136.006 3.684.895 2018 S000 16,269,083 13,097,226) 3,171.857 395,412 3.567.269 8 EXPENSES: Administrative and other expenses Selling and promotion expenses (2,203,261) 775.775) (2,979,036) (1,919,204) 568,172) (2,487,376) 1.079.893 524) 11 705.859 13,917) 12 691,942 294,161) 597,781 1.079.369 75,490) 1,003,879 OPERATING PROFIT Finance costs PROFIT BEFORE TAXATION Taxation NET PROFIT FOR THE YEAR OTHER COMPREHENSIVE INCOME: Item that will not be reclassified to profit or loss - Share option plan Unrealised gains on financial instruments TOTAL COMPREHENSIVE INCOME EARNINGS PER STOCK UNIT Basic 25(b) 118 10,304 12 709 610.608 1.01.133 13 17.11 29.42 Note: The annual purchases are included in the cost of goods sold, and it represent 70%. Nota Commonto