This is delfi statements below

Problem 4: Please prepare problem CT6.2 on page 6-43 Comparative Analysis Problem: Nestl SA (CHE) vs. Delfi.Limited (SGP) CT6.2 Nestl's financial statements are presented in Appendix B. Financial statements of Delfi Limited are presented in Appendix C. Instructions a. Based on the information contained in these financial statements, compute the following ratios for each company for the most recent year shown. 1. Inventory turnover. (Round to one decimal.) 2. Days in inventory. (Round to nearest day.) b. What conclusions concerning the management of the inventory can you draw from these data? Real-World Focus APPENDIX B Specimen Financial Statements: Nestl SA Consolidated income statement for the year ended 31 December 2016 In millions of CHF 2016 2015 Cost of goods sold 00 744 1 678 Other trading incomme Other operating income Other ope Profit for the Trading operating profit Profit for the earnings per shere MacBook Air Il FB F7 0 Consolidated statement of comprehensive income for the year ended 31 December 2016 in millions of CH 2015 9 467 Profit for the Currency retranslations, net of taxes Fair value adjustments on available-for-sale financial instruments, net of taxes 3771) 144) 62 Share of other comprehensive income of associates and joint ventures nems that are or may be reclassified subsequently to the income statement 3 688) Shene of other comprehensive i ncome of associates and joint ventures nerms that Other comprehensive income for the Total com ncome statement 5 529 income for the year Consolidated balance sheet as at 31 December 2016 MacBook Air F7 FS Flo 12 0 milions of CHF Liabilities and equity Current labilities ories 2016 ories 12 118 18 629 Trade and other peyebe Accnuais and delerned income 1 068 1 221 Derivative labilities Current income tax labilities 33 32 Financial debt Employee benelits liabliies 7 691 2 601 y Cost Flow Treasury shanes of the parent Consolidated cash flow statement for the year ended 31 December 2016 MacBook Air 5 0 delete Consolidated cash flow statement for the year ended 31 December 2016 In milions of CHP 2015 Operating profit 3 178 ssets and liebilities 6 970 18 825 Y U nflowsoutfiows) from current financial debt inancing cash filow 1 368 12 235 Currency retranslations Incresseldecrease) in cash and cash equivalents 3 106 2 564 Cash and cash Cash and cash 4 884 7 990 7 448 at end of 4 884 2015, mostly relates to the Share Duy-Back Programme launched in 2014 Consolidated statement of changes in equity for the year ended 31 December 2016 In milions of CHF Equity as at 31 December 2014 322 918! 112255) - 90 00170130 : 1754 71884 Equity restated as at 31 December 2014 3 918. .neM2. 1418 88 6 10 70130-1724 71884 Profit tor 949 8816 212 6 322 99 (8283) 561a3 121) 8 283) -0571, Iquity rented "1 1 December 2015 MacBook Air 0 Fs FS F12 7 delete (55) 8816 5212 income for the (3549) Total (6950) (6 9501 -- (6322) 30 16 283) Movement of treasury shares 183 Changes in non-controlling interests Reduction in share capital Total transactions with owners (21(21) 3 2512 3 571 497) (13 071) 85 Other movements 1 345 88014 62 338 1648 319 (19 85 Equity restated as at 31 December 2015 Profit for the year Other comprehensive income for the year Total comprohensive income for the year S 531-8531 750 148837 9281 1 062 776 190 9911 Movemeet of treasury shares Equity compensation plans Changes in non-controlling interests share capital w Total transactions with 311900 18 79911 2 20 6 59013915 Equity as at 31 December 2016 MacBook Air 44 F del s APPENDIX C 2 9 Specimen Financial Statements: Delfi Limited CONSOLIDATED INCOME STATEMENT FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 The Group 2016 USS 000 4 402.083 405.862 (262,352) (285052) 139,731 120,810 Cost of sales Gross prof ost Flow Other operating incom 4,5494,906 Selling and distribution costs Administrative expenses Finance costs Other operating expenses Exceptional items (78,756) 72641) 19,462) (19330 4.219 2138 10 (2.000) (20066) 4,088) 1%al Share of resulits of associated companies Profit betore income ta 39.235 736 (13,082) 1269 26.1564.72 Equity holders of the Company Non-controlting inerest MacBook Air 9 delete 5 The Group Note 2016 USS 000 2015 US$ 000 4 402,083 405.862 139,731 120,810 4,549 4.906 262 32 Cost of sales Gross profit Other operating income (78,756) (72641) (19,462) (19,330) 4,088) (4,219) (473) (2.138) (2,000) (20.066) Selling and distribution costs Administrative expenses Finance costs Other operating expenses Exceptional items 10 (266) 64 Share of results of associated companies 39,235 7.386 Profit before income tax Income tax expense 8 (13,082) (12126 26,156 (4,726) (14) Equity holders of the Company Non-controlling interest per ordinery share lexpressed in US cents per share Basic and Diluted 428 tor fieancal years 2016 and 2015 are the same as basic earrings ser share as there were no potensiaily ou eamings er share f ng notes forrn an integral part of these financial statements MacBook Air F10 delete BALANCE SHEETS AS AT 31 DECEMBER 2016 The Group 2016 The Company Note 2015 US$ 000 USS000 2016 2015 US$ 000 USS000 ASSETS Current assets Cash and cash equivalents Derivative assets Trade receivables Loan to subsidiary 12 67,737 119.547 13 61,756 56.280 1,337 1.254 15 54,685 59,592 Tax recoverable 7,631 12,697 13,4378d 5,792 Other current assets 3088 487 62,955 115,996 st Flow Non current assets Investments in Investments in associated companies 18 19 21 35,935 35.935 3,000 3.000 728 and joint ventures Loans to associated company and joint venture Property, plant and equipment Intangible assets Deferred income tax assets Other non-current assets 2.947 1.382 116.604 2,769 932 126.768 5,243 905 5,167 4810 4613 75342 5 021 131.106 3,173 139,660 45,007 107,962 160272 44 276 342,331587,593 Trade payables Other payables Current income tax liabilities Derivative liablities Borowings 4,689 25,92S 30.205 332 4,086 7.820 1.582 2741 27 59.453 18.179 16 096 4,604 MacBook Air 4) delete 0 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 Share translation Genegalbenefits Retained controlling Total Note capital reserve reserve obligation earnings Total interest equity uS$ 000 US$000 US$ 000 US$000 US$ 000 USS 000 uS$000 USS 000 Tbe Group Bsance at 1 January 2016 Profit for the year Other comprehensive 55,95162,0661 2,14798 145.904 242,034 26,156 26,156 120 242,154 26,153 1279 127s 1,858(60) 26156 2743416 27428 ncome/loss) for the year sea- t Flow Transler to general reserve Capital reduction nberm dvidend relating t 32(a) 0 160.015 -160.015 8275 - 160015 18 275 8275) 160,035 (70) 184 907 297,183 143 297,326 14 (4740 155.95145,677) .072 Loss for year Other comprehensive loss/ (4726 4726) 16 389 168 (4726) (20347, 116,389 Transfer to general reserve and special relating to 2014 21 75 (21.757) (21.75 34 277) (34 202) 34,202 MacBook Ar 0 delete