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inancial Statement Analysis Compute for Profitability Ratio with Substantial Analysis: a. Gross Profit Margin b. Profit Margin c. Return on Total Assets d. Return on Equity

inancial Statement Analysis Compute for Profitability Ratio with Substantial Analysis: a. Gross Profit Margin b. Profit Margin c. Return on Total Assets d. Return on Equity

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Financial Statement Analysis

Compute for Profitability Ratio with Substantial Analysis:

a. Gross Profit Margin

b. Profit Margin

c. Return on Total Assets

d. Return on Equity

 

 

Equity Attributable to Equity Holders of the Parent Company Capital stock (Note 22) : Php 872,124.00 200,000.00 Php 872,124.00 200,000.00 Common Php 872,124.00 200,000.00 Preferred Additional paid -in capital Treasury shares and Philippine depository receipts convertible to 4,745,399.00 475,399.00 4,745,399.00 common shares (Note 22) (1,638,719.00) 244,980.00 (1,638,719.00) 550,689.00 (1,638,719.00) 921,624.00 Exchange differences on translation of foreign operations Unrealized gain on AFS Investments ( Note 13) Fair value reserves on financial assets at FVOCI (Note 13) Retained earnings (Note 22) 71,712.00 172,920.00 205,969.00 13,794,643.00 271,114,963.00 30,291,703.00 Equity attributable to equity holders of the Parent Company 18,290,139.00 32,017,376.00 35,598.100.00 Noncontrolling Interest (Note 4) (1,091,288.00) (926,171.00) 126,348.00 Total Equity 17,198,851.00 31,091,205.00 35,724,448.00 TOTAL LIABILITIES AND EQUITY Php 58,926,177.00 Php 79,244,536.00 Php84,559,217.00 ABS-CBN CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (Amounts in Thousands, Except Per Share Amounts) Years Ended December 31| 2020 2019 2018 REVENUES (Notes 5, 23, 24 and 31) P21,419,757 P42,834,842 P40,130,592 (12,345,277) (10,785,230) (2,493,359) PRODUCTION COSTS (Notes 10, 12, 23, 25, 30 and 31) COST OF SERVICES (Notes 8, 10, 12, 15, 23, 26, 30 and 31) COT OF SALES (Notes 8, 10, 23, 26, 30 and 31) (10,310,826) (9,136,575) (284,707) (13,135,798) (11,010,926) (2,136,680) GROSS PROFIT 1,687,649 16,551,438 14,506,726 GENERAL AND ADMINISTRATIVE EXPENSES FINANCE COSTS (Notes 18, 20 and 28) INTEREST INCOME (Note 6) (Notes 7, 8, 10, 11, 12, 22, 23, 27, 30 and 31) (13,815,768) (1,213,934) 201,101 (16,113,809) (1,547,422) (12,310,128) (1,124,677) 560,421 202,801 FOREIGN EXCHANGE GAINS (LOSSES) – Net (382,796) (312,254) 404,031 EQUITY IN NET LOSSES OF ASSOCIATES AND JOINT VENTURES (Note 14) (47,634) (18,721) (29,706) OTHER INCOME - Net (Notes 15, 21, 28 and 31) 92,837 530,469 331,253 INCOME (LOSS) BEFORE INCOME TAX (13,478,545) (349,878) 1,980,300 PROVISION FOR (BENEFIT FROM) INCOME TAX (Note 29) Current 538,985 676,294 600,791 Deferred (486,714) 1,618,975 (528,732) 52,271 2,295,269 72.059 NET INCOME (LOSS) (P13,530,816) (P2,645,147) P1,908,241 Net Income Attributable to: Equity holders of the Parent Company (Note 34) (P13,456,161) Noncontrolling interests (P1,624,858) (1,020,289) P2.110,251 (74,655) (202,010) (P13,530,816) (P2,645,147) P1,908,241 Basic/Diluted Earnings (Loss) Per Share Attributable to Equity Holders of the Parent Company (Note 34) (P16.356) (P1.979) P2.560
Transcribed Image Text:Equity Attributable to Equity Holders of the Parent Company Capital stock (Note 22) : Php 872,124.00 200,000.00 Php 872,124.00 200,000.00 Common Php 872,124.00 200,000.00 Preferred Additional paid -in capital Treasury shares and Philippine depository receipts convertible to 4,745,399.00 475,399.00 4,745,399.00 common shares (Note 22) (1,638,719.00) 244,980.00 (1,638,719.00) 550,689.00 (1,638,719.00) 921,624.00 Exchange differences on translation of foreign operations Unrealized gain on AFS Investments ( Note 13) Fair value reserves on financial assets at FVOCI (Note 13) Retained earnings (Note 22) 71,712.00 172,920.00 205,969.00 13,794,643.00 271,114,963.00 30,291,703.00 Equity attributable to equity holders of the Parent Company 18,290,139.00 32,017,376.00 35,598.100.00 Noncontrolling Interest (Note 4) (1,091,288.00) (926,171.00) 126,348.00 Total Equity 17,198,851.00 31,091,205.00 35,724,448.00 TOTAL LIABILITIES AND EQUITY Php 58,926,177.00 Php 79,244,536.00 Php84,559,217.00 ABS-CBN CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (Amounts in Thousands, Except Per Share Amounts) Years Ended December 31| 2020 2019 2018 REVENUES (Notes 5, 23, 24 and 31) P21,419,757 P42,834,842 P40,130,592 (12,345,277) (10,785,230) (2,493,359) PRODUCTION COSTS (Notes 10, 12, 23, 25, 30 and 31) COST OF SERVICES (Notes 8, 10, 12, 15, 23, 26, 30 and 31) COT OF SALES (Notes 8, 10, 23, 26, 30 and 31) (10,310,826) (9,136,575) (284,707) (13,135,798) (11,010,926) (2,136,680) GROSS PROFIT 1,687,649 16,551,438 14,506,726 GENERAL AND ADMINISTRATIVE EXPENSES FINANCE COSTS (Notes 18, 20 and 28) INTEREST INCOME (Note 6) (Notes 7, 8, 10, 11, 12, 22, 23, 27, 30 and 31) (13,815,768) (1,213,934) 201,101 (16,113,809) (1,547,422) (12,310,128) (1,124,677) 560,421 202,801 FOREIGN EXCHANGE GAINS (LOSSES) – Net (382,796) (312,254) 404,031 EQUITY IN NET LOSSES OF ASSOCIATES AND JOINT VENTURES (Note 14) (47,634) (18,721) (29,706) OTHER INCOME - Net (Notes 15, 21, 28 and 31) 92,837 530,469 331,253 INCOME (LOSS) BEFORE INCOME TAX (13,478,545) (349,878) 1,980,300 PROVISION FOR (BENEFIT FROM) INCOME TAX (Note 29) Current 538,985 676,294 600,791 Deferred (486,714) 1,618,975 (528,732) 52,271 2,295,269 72.059 NET INCOME (LOSS) (P13,530,816) (P2,645,147) P1,908,241 Net Income Attributable to: Equity holders of the Parent Company (Note 34) (P13,456,161) Noncontrolling interests (P1,624,858) (1,020,289) P2.110,251 (74,655) (202,010) (P13,530,816) (P2,645,147) P1,908,241 Basic/Diluted Earnings (Loss) Per Share Attributable to Equity Holders of the Parent Company (Note 34) (P16.356) (P1.979) P2.560
ABS-CBN CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Amounts in Thousands) 12/31/2020 12/31/2019 12/31/2018 ASSETS Current Assets Cash and cash equivalents (Note 6) Short- term Investments (Note 6) Trade and other receivables (Note 7 and 23) Php 6,429,726.00 11,680.00 Php 12,169,917.00 6,998,695.00 Php18,104,686.00 1,804,041.00 5,563,130.00 10,605,433.00 10,369,080.00 524,905.00 675,607.00 1,286,661.00 Inventories 680,628.00 Program rights and other Intangible assets (Note 12) Other current assets (Note 9,15 and 23) 1,011,070.00 1,359,188.00 5,142,376.00 18,682,887.00 5,383,138.00 37,780,761.00 5,411,370.00 Total Current Assets 37,147,683.00 Noncurrent Assets Property and equipment (Notes 10,18 and 31) 26,758,264.00 27,473,741.00 27,875,625.00 Goodwill, program rights, and other intangible assets-net of current position (Note 12) 10,421,284.00 11,384,697.00 13,310,366.00 Financial assets at fair value through other comprehensive income (FVOCI) (Note 13) 61,846.00 263,126.00 268,304.00 Investment properties (Note 11 and 18) Investments in associates and joint ventures (Note 14) Deferred tax assets (Note 29) 141,112.00 198,692.00 268,304.00 161,382.00 425,864.00 202,763.00 1,715,052.00 1,147,107.00 495,247.00 Other noncurrent assets (Notes 7,16 and 23) 984,350.00 1,203,626.00 3,020,803.00 40,243,290.00 58,926,177.00 Total Noncurrent Assets 42,096,853.00 79,244,536.00 1,685,348.00 84,559,217.00 TOTAL ASSETS LIABILITIES AND EQUITY Current Liabilities Trade and other payables (Notes 4, 17, 23 and 30) Php 9,826,832.00 Php 11,772,942.00 Php13,637,426.00 756,876.00 Contract Liabilities (Note 9) Income tax payable Obligations for program rights (Note 19) Current lease liabilities (Note 31) Interest-bearing loans and borrowings (Notes 10,11, 18) 1,064,650.00 890,644.00 218,521.00 302,649.00 208,056.00 303,440.00 302,647.00 513,755.00 233,560.00 441,875.00 310,088.00 17,053,458.00 414,911.00 Total Current Liabilities 28,399,335.00 14,260,065.00 15,592,912.00 Noncurrent Liabilities Interest-bearing loans and borrowings - net of current portion (Notes 10, 11, and 18) 4,433,796.00 25,512,844.00 27,810,584.00 Obligations for program rights -net of current portion (Note 19) 360,996.00 441,466.00 541,548.00 Accrued pension obligation and other employee benefits (Note 30) Deferred tax liabilities (Note 29) Noncurrent lease liabilities (Note 31) Convertible note (Note 20) Other noncurrent liabilities (Note 21) 6,958,955.00 4,029,891.00 138,271.00 6,004,432.00 353,639.00 458,355.00 636,234.00 780,719.00 221,217.00 500,346.00 243,477.00 238,305.00 340,894.00 457,145.00 Total Noncurrent Liabilities 13,327,991.00 33,893,266.00 33,241,857.00 Total Liabilities 41,727,326.00 48,153,331.00 48,834,769.00
Transcribed Image Text:ABS-CBN CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Amounts in Thousands) 12/31/2020 12/31/2019 12/31/2018 ASSETS Current Assets Cash and cash equivalents (Note 6) Short- term Investments (Note 6) Trade and other receivables (Note 7 and 23) Php 6,429,726.00 11,680.00 Php 12,169,917.00 6,998,695.00 Php18,104,686.00 1,804,041.00 5,563,130.00 10,605,433.00 10,369,080.00 524,905.00 675,607.00 1,286,661.00 Inventories 680,628.00 Program rights and other Intangible assets (Note 12) Other current assets (Note 9,15 and 23) 1,011,070.00 1,359,188.00 5,142,376.00 18,682,887.00 5,383,138.00 37,780,761.00 5,411,370.00 Total Current Assets 37,147,683.00 Noncurrent Assets Property and equipment (Notes 10,18 and 31) 26,758,264.00 27,473,741.00 27,875,625.00 Goodwill, program rights, and other intangible assets-net of current position (Note 12) 10,421,284.00 11,384,697.00 13,310,366.00 Financial assets at fair value through other comprehensive income (FVOCI) (Note 13) 61,846.00 263,126.00 268,304.00 Investment properties (Note 11 and 18) Investments in associates and joint ventures (Note 14) Deferred tax assets (Note 29) 141,112.00 198,692.00 268,304.00 161,382.00 425,864.00 202,763.00 1,715,052.00 1,147,107.00 495,247.00 Other noncurrent assets (Notes 7,16 and 23) 984,350.00 1,203,626.00 3,020,803.00 40,243,290.00 58,926,177.00 Total Noncurrent Assets 42,096,853.00 79,244,536.00 1,685,348.00 84,559,217.00 TOTAL ASSETS LIABILITIES AND EQUITY Current Liabilities Trade and other payables (Notes 4, 17, 23 and 30) Php 9,826,832.00 Php 11,772,942.00 Php13,637,426.00 756,876.00 Contract Liabilities (Note 9) Income tax payable Obligations for program rights (Note 19) Current lease liabilities (Note 31) Interest-bearing loans and borrowings (Notes 10,11, 18) 1,064,650.00 890,644.00 218,521.00 302,649.00 208,056.00 303,440.00 302,647.00 513,755.00 233,560.00 441,875.00 310,088.00 17,053,458.00 414,911.00 Total Current Liabilities 28,399,335.00 14,260,065.00 15,592,912.00 Noncurrent Liabilities Interest-bearing loans and borrowings - net of current portion (Notes 10, 11, and 18) 4,433,796.00 25,512,844.00 27,810,584.00 Obligations for program rights -net of current portion (Note 19) 360,996.00 441,466.00 541,548.00 Accrued pension obligation and other employee benefits (Note 30) Deferred tax liabilities (Note 29) Noncurrent lease liabilities (Note 31) Convertible note (Note 20) Other noncurrent liabilities (Note 21) 6,958,955.00 4,029,891.00 138,271.00 6,004,432.00 353,639.00 458,355.00 636,234.00 780,719.00 221,217.00 500,346.00 243,477.00 238,305.00 340,894.00 457,145.00 Total Noncurrent Liabilities 13,327,991.00 33,893,266.00 33,241,857.00 Total Liabilities 41,727,326.00 48,153,331.00 48,834,769.00
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