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Using information from Samsung Electronics Inc balance sheets. Please help me answer the following questions. A. Identify the names of the basic financial statements contained
Using information from Samsung Electronics Inc balance sheets. Please help me answer the following questions.
A. Identify the names of the basic financial statements contained in each companies' (the assigned company and the chosen competitors) annual report. B. Using the Balance Sheet, answer the following questions for the assigned company and the chosen competitor: 1. Is the balance sheet classified (separate categories within assets, liabilities and equity)? 2. Did your companies present comparative balance sheets (two or more years)? 3. Identify the dollar amount your two companies reported for each of the following. Prepare a table similar to the chart that follows and express each subtotal as a percentage of total assets. This is called a common-sized balance sheet and should be prepared for all years reported on the comparative balance sheet. The percentages for items a - e should add to 100% or you should include additional categories that match the content of the respective company's balance sheet. The percentages for items f-k, should add to 100% or you should explain why they do not add to 100%. Briefly discuss how the percentages changes over the two comparative years reported on the balance sheet. Briefly discuss the percentage division of assets (among the five categories) and the percentage division of liabilities and equity (among the five or six categories). The use of EXCEL for this part is required. COMPANY NAME YEAR Common Sized % AMOUNT $ $ $ $ $ a. Current assets b. Investments c. Property, plant & equipment d. Intangibles e. Other long-term assets f. Current liabilities g. Long-term liabilities h. Contributed Capital i. Retained earnings j. Treasury Stock k. Other Comprehensive Income $ S $ $ $ S Samsung Electronics Co., Ltd. and its subsidiaries CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (In millions of Korean won, in thousands of US dollars (Note 2.29)) December 31, December 31, December 31, December 31, 2020 Notes 2019 2020 2019 KRW KRW USD USD Assets 4, 28 29,382,578 26,885,999 4, 28 92,441,703 76,252,052 3,914,216 24,890,848 78,310,091 2,335,630 22,775,922 64,595,361 3,315,848 4, 28 2,757,111 Current assets Cash and cash equivalents Short-term financial instruments Short-term financial assets at amortized cost Short-term financial assets at fair value through profit or loss Trade receivables Non-trade receivables Prepaid expenses Inventories 4, 6, 28 4, 5, 7,28 4, 7, 28 71,451 30,965,058 3,604,539 1,727,436 35,131,343 4,179,120 2,406,220 1,463,362 29,760,796 3,540,256 60,528 26,231,413 3,053,511 1,919,680 27,144,693 3,180,515 787,350 2,266,100 32,043,145 3,754,462 929,432 8 26,766,464 4,122,410 2,038,380 22,674,661 3,492,215 Other current assets 4, 28 Assets held-for-sale 32 198,215,579 181,385,260 167,914,259 153,656,801 4, 6, 28 12,575,216 8,920,712 10,652,836 7,556,998 Non-current assets Financial assets at fair value through other comprehensive income Financial assets at fair value through profit or loss Investment in associates and joint ventures Property, plant and equipment Intangible assets Net defined benefit assets 4, 6, 28 9 1,049,004 7,591,612 119,825,474 20,703,504 10 1,202,969 8,076,779 128,952,892 18,468,502 1,355,502 4,275,000 5,113,279 11 1,019,070 6,842,078 109,239,795 15,645,212 1,148,286 3,621,478 4,331,610 888,642 6,431,078 101,507,691 17,538,548 499,664 3,816,360 6,771,995 14 589,832 4,505,049 Deferred income tax assets 25 Other non-current assets 4, 7, 28 7,994,050 180,020,139 171,179,237 152,500,365 145,010,976 Total assets 378,235,718 352,564,497 320,414,624 298,667,777 CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (In millions of Korean won, in thousands of US dollars (Note 2.29)) December 31, December 31, December 31, December 31, 2020 2019 Notes 2020 2019 KRW KRW USD USD 9,739,222 4, 28 4, 5, 12, 28 4, 28 Liabilities and Equity Current liabilities Trade payables Short-term borrowings Other payables Advances received Withholdings Accrued expenses Current income tax liabilities Current portion of long-term liabilities Provisions Other current liabilities Liabilities held-for-sale 17 8,718,222 14,393,468 12,002,513 1,072,062 897,355 19,359,624 1,387,773 8,250,382 14,022,898 10,080,012 970,322 825,545 16,553,429 11,899,022 1,145,423 974,521 24,330,339 4,430,272 716,099 4,28 4, 17, 28 7,385,463 12,193,131 10,167,683 908,175 760,176 16,400,108 1,175,623 716,748 3,446,654 878,499 20,610,947 3,753,014 846,090 606,629 4, 12, 13, 28 15 4,068,627 4, 17, 28 1,037,030 4,349,563 1,127,719 338,742 75,604,351 3,684,643 955,324 286,958 32 63,782,764 64,046,674 54,032,260 Non-current liabilities Debentures 803,195 826,204 4, 13, 28 4, 12, 28 948,137 1,999,716 1,682,910 4, 28 1,694,018 1,425,643 393,456 14 464,458 975,298 2,197,181 2,184,249 470,780 17,053,808 611,100 2,408,896 Long-term borrowings Long-term other payables Net defined benefit liabilities Deferred income tax liabilities Long-term provisions Other non current liabilities 1,861,297 1,850,342 398,812 14,446,783 517,681 2,040,645 25 15,935,221 15 18,810,845 1,051,428 1,725,857 890,696 4,17,28 1,462,023 26,683,351 25,901,312 22,604,252 21,941,764 Total liabilities 102,287,702 89,684,076 86,650,926 75,974,024 Samsung Electronics Co., Ltd. and its subsidiaries CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (In millions of Korean won, in thousands of US dollars (Note 2.29)) December 31, December 31, December 31, December 31, Notes 2020 2019 2020 2019 KRW KRW USD USD 18 18 Equity attributable to owners of the Company Preference shares Ordinary shares Share premium Retained earnings Other components of equity Accumulated other comprehensive income attributable to assets held-for-sale 119,467 778,047 4,403,893 271,068,211 (8,687,155) 119,467 778,047 4,403,893 254,582,894 (4,968,829) 101,204 659,107 3,730,668 229,629,870 (7,359,145) 101,204 659,107 3,730,668 215,664,672 (4,209,241) 19 20 32 (12,132) 267,670,331 8,277,685 254,915,472 7,964,949 (10,277) 226,751,427 7,012,271 215,946,410 6,747,343 Non-controlling interests 31 Total equity 275,948,016 262,880,421 233,763,698 222,693,753 Total liabilities and equity 378,235,718 352,564,497 320,414,624 298,667,777 Samsung Electronics Co., Ltd. and its subsidiaries CONSOLIDATED STATEMENTS OF PROFIT OR LOSS (In millions of Korean won, in thousands of US dollars (Note 2.29)) Notes 2020 For the years ended December 31, 2019 2020 KRW USD 2019 KRW USD 195,179,376 29 21 230,400,881 147.239.549 200,606,179 122,400.294 124,730,961 236,806,988 144,488,296 92,318,692 56.324.816 83,161,332 55,392,823 78,205,885 47,714,412 70,448,415 46,924,893 21, 22 29 23 23 9 35,993,876 1,384,068 2,488,902 506,530 12,267,600 11,318,055 36,345,117 9,937,285 Revenue Cost of sales Gross profit Selling and administrative expenses Operating profit Other non-operating income Other non-operating expense Share of net profit of associates and joint ventures Financial income Financial expense Profit before income tax Income tax expense Profit for the year Profit attributable to Owners of the Company Non-controlling interests Earnings per share (in Korean won, in US dollars) - Basic - Diluted 27,768,509 1,778,666 1,414,707 412,960 10,161,632 8,274,871 30,432,189 8,693,324 30,491,473 1,172,485 2,108,422 429,096 10,392.246 9,587,858 30,789,020 8,418,167 23,523,522 1,506,760 1,198,440 349,831 8,608,218 7,009,887 25,780,004 7,364,371 24 24 25 26,407,832 21,738,865 22,370,853 18,415,633 26,090,846 316,986 21,505,054 233,811 22,102,325 268,528 18,217,565 198,068 26 3,841 3,166 3.25 2.68 3,841 3,166 3.25 2.68 Samsung Electronics Co., Ltd. and its subsidiaries CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions of Korean won, in thousands of US dollars (Note 2.29)) For the years ended December 31, Notes 2020 2019 2020 2019 KRW KRW USD USD 26,407,832 21,738,865 22,370,853 18,415,633 6, 20 2,502,733 1,146,599 2,120,139 971,318 9, 20 5,591 (16,896) 4,736 (14,313) 14, 20 (719,560) (1,180,468) (609,560) (1,000,009) Profit for the year Other comprehensive income (loss) Items that will not be reclassified subsequently to profit or loss: Gain on valuation of financial assets at fair value through other comprehensive income, net of tax Share of other comprehensive income (loss) of associates and joint ventures, net of tax Remeasurement of net defined benefit assets, net of tax Items that may be reclassified subsequently to profit or loss: Share of other comprehensive income (loss) of associates and joint ventures, net of tax Gain (loss) on overseas business translation, net of tax Gain (loss) on valuation of cash flow hedge derivatives Other comprehensive income (loss) for the year, net of tax Total comprehensive income for the year Comprehensive income attributable to: Owners of the Company Non-controlling interests 9, 20 (48,888) 48,649 (41,414) 41,212 20 (5,380,375) 3,016,499 (4,557,874) 2,555,365 20 (33,406) 1,811 (28,300) 1,534 (3,673,905) 3,016,194 (3,112,273) 2,555,107 22,733,927 24,755,059 19,258,580 20,970,740 24,466,985 18,954,012 20,726,704 22,374,398 359,529 288,074 304,568 244,036Step by Step Solution
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