NORBROOK RETAILERS LIMITED Background Norbrook Retailers Limited (NRL) is a clothing store located in Portmore. The company was originally a family owned company that was incorporated six (6) years ago. It grew rapidly over this period and became a Public Limited company two years ago. NRL listed on the Jamaica Stock Exchange on January 2,2014. Below are the financials of the company for the years 2017 and 2018 Norbrook Retailers Limited Statement of Comprehensive Income for the years ended 31 December: Sales Revenue 2017 2018 $ $ 370,666,720 410,760,560 Cost of Sales Gross Profit Other Revenues Total Gross Revenue Administrative Expenses (340,450,450) (370,560,200) 30,216,270 40,200,360 7,140,015 6,514,001 37,356,285 46,714,361 17,000,040 19,546,002 Selling and Distribution 12,067,000 14,356,700 Finance Cost 1,571,050 1,789,060 Net Profit before taxation 6,718,195 11,022,599 Taxation 2,015,459 3,306,780 Net Profit after taxation 4,702,736 7,715,819 Norbrook Retailers Limited Statement of Financial Position as at 31 December: Non Current Assets Property, Plant and Equipment Current Assets Inventories Trade Receivables Cash and Cash equivalents 2017 $ 2018 $ 15,600,700 22,200,700 24,500,600 28,600,790 7,890,000 9,340,060 2,450,000 1,678,000 34,840,600 39,618,850 50,441,300 61,819,550 EQUITY & LIABILITIES Equity Ordinary Shares of $2 each Retained Earnings Non Current Liabilities %5 Debentures Bank Loans 4,000,000 4,000,000 14,569,450 18,900,705 18,569,450 22,900,705 20,651,150 18,628,890 4,000,000 11,000,000 Current Liabilities Trade Payables Acrued Expenses Taxation 24,651,150 29,628,890 4,250,700 6,710,945 670,000 789,560 2,300,000 1,789,450 7,220,700 9,289,955 50,441,300 61,819,550 4/8 Notes to the Financial Statements: 1. Average stock held for 2017 was $26,000,000 and 2018: $23,500,000 2. Dividends of 10% and 12% on the ordinary shares was declared and paid in 2017 and 2018 respectively 3. The market prices per share at each year end was as follows:2017, $4.50 and 2018, $5.20