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why it's decrease and increase in percentage

why it's decrease and increase in percentage

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 10MC
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Solve this balance sheet picture by horizontal analysis and write why it's decrease and increase in percentage :

SWEETS OF OMAN SAOG STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 ASSETS Note 2019 2018 RO RO Non-current assets Property, plant and equipment Intangible assets Right-of-use assets Deferred tax asset 4 4,868,213 5,196,423 5 37,962 21,307 438,019 7 21,369 37,983 5,365,563 5,255,713 Current assets Inventories 8 3,484,297 4,320,093 Accounts and other receivables 9. 3,871,114 4,155,827 Cash and bank balances 10 83,834 176,229 7,439,245 8,652,149 Total assets 12,804,808 13,907,862 = === EQUITY AND LIABILITIES Equity Share capital 11 700,000 700,000 Legal reserve Retained earnings 233,333 3,603,815 12 233,333 3,684,073 Total equity 4,617,406 4,537,148 Liabilities Non-current liabilities Term loan 13 1,107,616 1,807,616 Lease liabilities 14 406,494 Employees' end of service benefits 15 523,318 497,509 2,037,428 2,305,125 Current liabilities Term loan 13 700,000 700,000 Lease liabilties 14 42,611 4,008,963 Bank borrowings 16 4,940,102 Accounts and other payables 17 1,398,400 1,425,487 6,149,974 7,065,589 Total liabilities 8,187,402 9,370,714 Total equity and liabilities 12,804,808 13,907,862 Net assets per share 18 0.660 0.648 These financial statements were approved and authorised for issue by the Board of Directors on and signed on their behalf by: CHAIRMAN DIRECTOR The notes on pages 10 to 39 form part of these financial statements. Auditor's report: pages 1 - 5 Page: 6
Transcribed Image Text:SWEETS OF OMAN SAOG STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 ASSETS Note 2019 2018 RO RO Non-current assets Property, plant and equipment Intangible assets Right-of-use assets Deferred tax asset 4 4,868,213 5,196,423 5 37,962 21,307 438,019 7 21,369 37,983 5,365,563 5,255,713 Current assets Inventories 8 3,484,297 4,320,093 Accounts and other receivables 9. 3,871,114 4,155,827 Cash and bank balances 10 83,834 176,229 7,439,245 8,652,149 Total assets 12,804,808 13,907,862 = === EQUITY AND LIABILITIES Equity Share capital 11 700,000 700,000 Legal reserve Retained earnings 233,333 3,603,815 12 233,333 3,684,073 Total equity 4,617,406 4,537,148 Liabilities Non-current liabilities Term loan 13 1,107,616 1,807,616 Lease liabilities 14 406,494 Employees' end of service benefits 15 523,318 497,509 2,037,428 2,305,125 Current liabilities Term loan 13 700,000 700,000 Lease liabilties 14 42,611 4,008,963 Bank borrowings 16 4,940,102 Accounts and other payables 17 1,398,400 1,425,487 6,149,974 7,065,589 Total liabilities 8,187,402 9,370,714 Total equity and liabilities 12,804,808 13,907,862 Net assets per share 18 0.660 0.648 These financial statements were approved and authorised for issue by the Board of Directors on and signed on their behalf by: CHAIRMAN DIRECTOR The notes on pages 10 to 39 form part of these financial statements. Auditor's report: pages 1 - 5 Page: 6
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