RAYSUT CEMENT COMPANY SAOG AND ITS SUBSIDIARIES PARENT COMPANY AND CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2020 Note Parent 2020 RO 2019 RO Consolidated 2020 RO 2012 RO 49,134,458 115,022,746 4,885,520 ASSETS Non-current assets Goodwill Property, plant and equipment Right-of-use assets Investment in subsidiaries Receivable from a related party - non-current Financial assets at fair value through other comprehensive income Deferred tax asset Total non-current assets 46,617,068 114,356,388 21,577,594 61,106,313 10,396,053 82,557,978 8 9 10 12 18 14 27 64.153,295 29.050,726 79,171,563 1,300,000 125,000 125,000 125.000 125,000 124,627 - 169,292,351 154,185,344 173.800,584 182,676,050 23,484,845 13,761,503 26,619,382 15,462,335 34,141,733 19,290,412 32,764,017 26.045,240 Current assets Inventories Trade receivables - net Advance to subsidiary Financial assets at fair value through profit or loss Prepayments, advances and other receivables Cash and bank balances 15 16 13 17 849,000 18 19 2,244,585 8,783,837 1,414,210 2,244,585 2,616,102 11,274,017 11.411,140 49,543 203,465 50,814,493 57,161,424 204,999,837 230,962,008 2,616,102 9,757,438 982,464 72,165,261 254,841,311 Total current assets 65,874,777 235,167,128 20 21 22 23 24 20,000,000 13,456,873 6,666,667 3,647,566 6,352,434 20,000,000 13,456,873 6.666,667 3,647,566 6,352,434 20,000,000 13,456,873 6,666,667 3,647,566 6,352,434 31,643 81,617,215 131,772,398 312,726 20,000,000 13,456,873 6,666,667 3,647,566 6,352,434 66,862,988 116,986,528 79,245,056 129,368,596 95,671,606 145,795,146 74,740 145,869.886 116,986,528 129,368,596 132,085,124 Total assets EQUITY AND LIABILITIES Equity Share capital Share Premium Legal reserve Asset replacement reserve Voluntary reserve Foreign currency translation Retained earnings Equity attributable to Owners of the Parent Company Non-controlling interest Total equity LIABILITIES Non-current liabilities Borrowings Lease liabilities Deferred tax liability End of service benefits Total non-current liabilities - Current liabilities Borrowings Lease liabilities Trade and other payables Short term borrowings Income tax payable Total current liabilities Total liabilities Total equity and liabilities Net assets per share 25 26 27 28 21,608,287 9,774,308 2,015,000 642,836 34,040,431 24.064.280 23,576,604 4,113,000 672.155 21,546,243 5,048,084 2,015,000 1,213,869 15,950,821 15,434,471 4,113,000 1.267,139 36,765.431 52.426,039 29,823,196 25 26 29 30 27 9,026,855 1,552,232 29,077,982 14,315,809 9,101,528 6,470,828 18,723,763 14.417.254 454,000 18,230,702 208.130 35,334,939 19,399,905 85,132 73,258,808 103,082,004 235,167,128 0.660 25,721,093 6,595.836 22,425,452 17.009.613 454,000 72,205,994 108,971,425 - 254,841.311 0.729 53,972,878 88,013,309 204,999,837 0.585 49.167,373 101,593,412 230,962,008 0.647 39 23/02/2021 These financial statements were approved and authorised for issue by the Board of Directors on and signed on their behalf by: 2018 2019 Ratio Analysis: (5 marks) Calculate the following ratios for the years 2018 and 2019 S.No Ratio Formula 1 Current ratio 2 Quick ratio 3 Gross profit ratio 4 Operating profit ratio 5 Net profit ratio 6 Price Earnings Ratio 7 Inventory turnover ratio 8 Receivable turnover ratio 9 Payables turnover ratio 10 Fixed assets turnover ratio RAYSUT CEMENT COMPANY SAOG AND ITS SUBSIDIARIES PARENT COMPANY AND CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2020 Note Parent 2020 RO 2019 RO Consolidated 2020 RO 2012 RO 49,134,458 115,022,746 4,885,520 ASSETS Non-current assets Goodwill Property, plant and equipment Right-of-use assets Investment in subsidiaries Receivable from a related party - non-current Financial assets at fair value through other comprehensive income Deferred tax asset Total non-current assets 46,617,068 114,356,388 21,577,594 61,106,313 10,396,053 82,557,978 8 9 10 12 18 14 27 64.153,295 29.050,726 79,171,563 1,300,000 125,000 125,000 125.000 125,000 124,627 - 169,292,351 154,185,344 173.800,584 182,676,050 23,484,845 13,761,503 26,619,382 15,462,335 34,141,733 19,290,412 32,764,017 26.045,240 Current assets Inventories Trade receivables - net Advance to subsidiary Financial assets at fair value through profit or loss Prepayments, advances and other receivables Cash and bank balances 15 16 13 17 849,000 18 19 2,244,585 8,783,837 1,414,210 2,244,585 2,616,102 11,274,017 11.411,140 49,543 203,465 50,814,493 57,161,424 204,999,837 230,962,008 2,616,102 9,757,438 982,464 72,165,261 254,841,311 Total current assets 65,874,777 235,167,128 20 21 22 23 24 20,000,000 13,456,873 6,666,667 3,647,566 6,352,434 20,000,000 13,456,873 6.666,667 3,647,566 6,352,434 20,000,000 13,456,873 6,666,667 3,647,566 6,352,434 31,643 81,617,215 131,772,398 312,726 20,000,000 13,456,873 6,666,667 3,647,566 6,352,434 66,862,988 116,986,528 79,245,056 129,368,596 95,671,606 145,795,146 74,740 145,869.886 116,986,528 129,368,596 132,085,124 Total assets EQUITY AND LIABILITIES Equity Share capital Share Premium Legal reserve Asset replacement reserve Voluntary reserve Foreign currency translation Retained earnings Equity attributable to Owners of the Parent Company Non-controlling interest Total equity LIABILITIES Non-current liabilities Borrowings Lease liabilities Deferred tax liability End of service benefits Total non-current liabilities - Current liabilities Borrowings Lease liabilities Trade and other payables Short term borrowings Income tax payable Total current liabilities Total liabilities Total equity and liabilities Net assets per share 25 26 27 28 21,608,287 9,774,308 2,015,000 642,836 34,040,431 24.064.280 23,576,604 4,113,000 672.155 21,546,243 5,048,084 2,015,000 1,213,869 15,950,821 15,434,471 4,113,000 1.267,139 36,765.431 52.426,039 29,823,196 25 26 29 30 27 9,026,855 1,552,232 29,077,982 14,315,809 9,101,528 6,470,828 18,723,763 14.417.254 454,000 18,230,702 208.130 35,334,939 19,399,905 85,132 73,258,808 103,082,004 235,167,128 0.660 25,721,093 6,595.836 22,425,452 17.009.613 454,000 72,205,994 108,971,425 - 254,841.311 0.729 53,972,878 88,013,309 204,999,837 0.585 49.167,373 101,593,412 230,962,008 0.647 39 23/02/2021 These financial statements were approved and authorised for issue by the Board of Directors on and signed on their behalf by: 2018 2019 Ratio Analysis: (5 marks) Calculate the following ratios for the years 2018 and 2019 S.No Ratio Formula 1 Current ratio 2 Quick ratio 3 Gross profit ratio 4 Operating profit ratio 5 Net profit ratio 6 Price Earnings Ratio 7 Inventory turnover ratio 8 Receivable turnover ratio 9 Payables turnover ratio 10 Fixed assets turnover ratio