VB HOLDINGS LIMITED Comparative Statements of Profit and Loss and Other Comprehensive Income Year Ended 31 December 2019 Horizontal Change During Year 2019 2018 Dollar Amount Percent Operating Revenue 3465526 4007914 -542388 -13.5329251077 Other Revenue 860123 1570049 -709926 -45.2168053354 Total Revenue 4325649 5577963 -1252314 -22.451099084 0 Administrative expenses -109183 -88641 -20542 23.1743775454 Depreciation and amortisation expense -2081165 -3117186 1036021 -33.2357773967 Impairment losses on trade receivables -91071 -199386 108315 -54.3242755259 Operating Expenses -741533 -997809 256276 -25.6838733665 Finance Costs 0 -41424 41424 Total administration and operating expense -3022952 -4444446 1421494 -31.9836038057 Profit from Operations 1302697 1133517 169180 14.9252282939 Change in the fair value of investment prope 530000 240000 290000 120.833333333 Profit before income tax 1832697 1373517 459180 33.4309659072 Income tax expense -214253 -16850 -197403 1171.53115727 Profit for the year 1618444 1356667 261777 19.2955972247 Other Comprehensive Income 0 0 0 Total comprehensive Income for the year 1618444 1356667 261777 19.2955972247 Vertical Ananlysis 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 Deffered income tax liability Amount 2018 Percent 3615012 423202 2614887 66912 6720013 Amount Percent 18.949209787 2.2183449128 13.706743527 0.3507400598 3413711 19.7987387008 411425 2.3861703788 1049357 6.0860292646 251539 1.45886835003 5126032 29.7298066942 2084448 10.926282524 3487914 18.282986088 6785001 35.565693102 12357363 19077376 100% 1318916 7.64940947032 4520376 26.2171411855 6276739 36.40364265 12116031 70.2701933058 17242063 100% 1088219 5.7042383607 64517 0.3381859224 1152736 580375 3.36604152299 61540 0.35691784678 641915 3.72295936977 720650 3.777511121 715366 4.14895827721 Total Non-current liabilities Total Liabilites Net Assets Stock Holder's Equity Share Capital Retained earnings Total stockholder's equity 720650 1873386 17203990 715366 1357281 15884782 3688527 19.334561525 13515463 70.845503071 17203990 3688527 21.3926082975 12196255 70.7354740555 15884782 92.128082353 Total liabilities and stockholders equity 19077376 17242063 PROFITABILITY RATIOS Gross Profit Margin (%) Gross Profit x 100 Sales 1 Return of Total Assets EBIT Average total assets X 100 1 LIQUIDITY RATIOS Current Ratio/ Working Captial Ratio Total current Assets Total Current Liabilities Quick Ratio or Acid Test Ratio current assets minus Inventory current liabilities 100% 100% -13.50% -45.20% -22.50% 23.20% -33.20% -54.30% -25.70% -32.00% 15.00% 120.80% 33.40% 19.30% 19.30%