VB HOLDINGS LIMITED Comparative Statements of Profit and Loss and Other Comprehensive Income Year Ended 31 December 2019 2019 Horizontal Change During Year 2018 Percent Operating Revenue 3465526 4007914 -13.5% Other Revenue 860123 1570049 -45.2% Total Revenue 4325649 5577963 -22.4% Administrative expenses Depreciation and amortisation expense Impairment losses on trade receivables -109183 -88641 23.2% -2081165 -3117186 -33.2% -91071 -199386 -54.3% Operating Expenses -741533 -997809 -25.7% - -41424 -3022952 -4444446 -31.9% Profit from Operations Change in the fair value of investment properties 1302697 1133517 14.9% 530000 240000 Profit before income tax 1832697 1373517 33.4% Income tax expense Profit for the year -214253 1618444 -16850 1356667 19.3% - - 1618444 1356667 Finance Costs Total administration and operating expenses Other Comprehensive Income Total comprehensive Income for the year 19.3% VERTICAL ANALYSIS 2019 ASSETS Current Assets Non-Current Assets Amount $ 6720013 12357363 2018 Percent 35.2% 64.8% Amount $ 5126032 12116031 Percent 29.7% 70.3% Total Assets 19077376 100% 17242063 100% LIABILITIES Current Liabilities Long term Liabilities Total Liabilities 1152736 720650 1873386 6.0% 3.8% 9.8% 641915 715366 1357281 3.7% 4.1% 7.9% Stock Holder's Equity Share Capital Retained earnings Total stockholder's equity 3688527 13515463 17203990 19.3% 70.8% 90.1% 3688527 12196255 15884782 21.4% 70.7% 92.1% Total liabilities and stockholder's equity 19077376 100% 17242063 100% 2019 Assets Current Assets Cash and cash equivalents Term deposits Trade and other receivables Advance current tax Total Current Assets Non-Current assets Trade and other receivables Plant & equipment Investment properties Total Non-current Assets Total Assets Current Liabilities Trade and other payables Dividends payable Total Current Liabilities Non-current Liabilities Differed income tax liability Total Non-current liabilities Total Liabilities Net Assets Stock Holder's Equity Share Capital Retained earnings Total stockholder's equity Total liabilities and stockholders' equity Amount 2018 Percent Amount Percent 3615012 423202 2614887 66912 6720013 19% 2.2% 13.7% 0.4% 3413711 411425 1049357 251539 5126032 19.8% 2.4% 6.1% 1.5% 2084448 3487914 6785001 12357363 19077376 10.9% 18.3% 35.5% 1318916 4520376 6276739 12116031 17242063 7.6% 26.2% 36.4% 1088219 64517 1152736 5.7% 0.3% 580375 61540 641915 3.4% 0.4% 720650 720650 1873386 17203990 3.8% 715366 715366 1357281 15884782 4.1% 3688527 13515463 17203990 19.3% 70.8% 3688527 12196255 15884782 21.4% 70.7% 19077376 100% 17242063 100% 100% 100%