The Net Profit for the year 2016, is ? (2015: 18,987,000). The Company's key financial and other performance indicators during the year were as follows: 2016 2015 Change '000 '000 % Turnover (continuing operations) Profit for the financial year Shareholder's equity Current assets as % of current liabilities Customer satisfaction Average number of employees 189,711 179,587 +5.6% 2 18,987 +?% 2 63,057 +32.9% 2% 304% -82% 4.5 4.1 +10% 649 618 +5% Turnover from continuing operations increased by 5.6% during the year, primarily due to the acquisition of the Extinguishers business on 1 May 2015, which made a full years contribution in 2016. Gross Profit =? Net Profit = ? Net Profit increased in 2016 by 2% during the year. Shareholders' equity increased by 32.9% by 2 The company's "quick ratio" (Current Assets (excluding stock) divided by Current Liabilities) is ? The company's "current ratio" (Current Assets divided by Current Liabilities.) is ? Notes to the financial statements +at 31 December 2016 3. Turnover Turnover recognised in the income statement is analysed as follows. Sale of goods Turnover from continuing operations 4. Cost of Sales Material Cost Production Cost Labour Cost Cost of Sales 5. Overheads 2016 000 2015 000 189,711 179,587 189,711 179,587 2016 2015 000 000 42,597 38.845 15,231 12,845 50,758 47,285 108,586 98,975 2016 2015 000 000 Administrative Expenses 13,751 20,251 Other Operating Costs 22,374 34,293 Interest 1,943 7.081 Total Overheads 38,068 61,625 Income statement for the year ended 31st December 2016 Turnover Less cost of sales: Material Cost Production Cost Labour Cost Gross profit Less Expenses: Administrative expenses Other operating overheads Interest Total Overheads Profit/(loss) for the financial year 3 2016 0 0 0 0 0 0 0 GP %= #DIV/0! 0 0 4 0 0 NP %= #DIV/01 Please fill in the shaded fields which are currently marked with a 0. You will need to use the correct mathematical operation to display the answers. Balance sheet as at 31 December 2016 Non Current assets Intangible assets Tangible assets Investments 2016 Total 0 5,793 52,812 10,693 69,298 Current assets Stocks 28,571 Trade debtors 26,367 Short term deposits 14,779 Cash at bank and in hand 14.632 84,349 Current liabilities Bank loans and overdrafts 9,610 Trade creditors 19,493 Other Creditors 678 Income tax payable 3,585 Other creditors including tax 4,562 and social security 37,928 working capital 46,421 Total assets less current liabilities 115,719 Non Current Liabilities Bank loans and overdrafts 16,506 Other Liabilities 7,304 23,810 Provisions for liabilities 8,094 Net assets 83,815 Capital and reserves Called up share capital Reserves 39,436 1322 Retained earnings Total equity 0 O this will comwe from P&L accoun Please fill in the shaded fields which are currently marked with a 0. You will need to use the correct mathematical operation to display the answers. Income statement for the year ended 31st December 2016 Turnover/sales Less cost of sales: Material Cost Production Cost Labour Cost Gross profit (A-B) Less Expenses: Administrative expenses Other operating overheads Interest Total Overheads Profit/(loss) for the financial year (C-D) 3 Profit and Loss statement 2016 35000 22000 17500 14500 188,000.00 5500 2500 4 0 GP % = 0% gross profit divided by Turnover 0 NP %= 0% Net profit divided by Turnover THIS IS YOUR RETAINED EARNINGS retained eranings is same as profit Please fill in the shaded fields which are currently marked with a U. You will need to use the correct mathematical operation to display the answers. Balance sheet as at 31 December 2016 2016 Total 0 Non Current assets/fixed assets Intangible assets Tangible assets Investments 22,000 154,400 15,000 Current assets/short term assets (CA) Stocks 26,400 Trade debtors 32,000 Short term deposits 15,000 Cash at bank and in hand 14,000 Current liabilities/short term liabilities (CL) Bank loans and overdrafts 15,000 Trade creditors 35,000 Other Creditors 1100 Income tax payable 4,200 Other creditors including tax 4,500 and social security working capital(CA-CL) 0 SHOWS LIQUIDITY Total assets less current liabilities 0 Non Current Liabilities Bank loans Other Liabilities Mortgage 30,200 16,000 46,200 Provisions for liabilities 9,200 Net assets -9,200 Capital and reserves Called up share capital Reserves Retained earnings Total equity 25,000 1400 0 26,400 net assets = total equity Please fill in the shaded fields which are currently marked with a 0. You will need to use the correct mathematical operation to display the answers.