Income Statement

For the year ended December 31,2018

2018
Sales 91439
Other revenue 311
Cost of goods sold -46070
Distribution expenses -8469
marketing & administration expenses -20003
research & development costs -1687
other trading income 37
other trading expenses -1769
Trading operating profit 13789
other operating income 2535
Other operating expense -2572
Operating Profit 13752

Financial income 247

Financial expense -1008
Profit before taxes, associates and joint ventures 12991

Taxes -3439
Income from associates and joint ventures 916
Profit for the year 10468
of which attributeable to non-controlling interest 333
of which attributeable to shareholder of the parent (net profit) 10135

As percentage of sales
tradingoperating profit 15.10%
Profit for the year attribute to shareholder of the parent (net profit) 11.10%

Earnings per share (in CHF)

Basic earnings per share 3.36
diluted earnings per share 3.36
Profit for the year recognized in the income statement 10468
currency retranslations, net of taxes -1004
Fair value changes on available-for-sale financial instruments,net of taxes
Fair value changes on debt instruments, net of taxes -39
Fair changes of cash flow hedges, net of taxes 46
Share of other comprehensive income of associates and joint ventures -21
Items that are or may be reclassified subsequently to the income statement -1018

remeasrement of defined benefit plans,net of taxes 600

Fair value changes on equity instruments, net of taxes 4
Share of other comprehensive income of associates and joint ventures 117
items that will never be reclassified to the income statement 721

Other comprehensive income for the year -297

Total comprehensive income for the year 10171

of which to non-controlling interest 218
of attributable to shareholders of the parent 9953
 2017
89590
332
-45571
-8023
-19818
-1739
112
-1606
13277
379
-3500
10156

152
-848
9460

-2773
824
7511
366
7156

14.80%
8.00%

2.31
2.31
7511
-561
-10

-55
-240
-866

1063

52
1115

249

7760
328
7432
 Balance Sheet
Assets
Current assets
cash and cash equivilents
Short-term investments
Inventories
Trade and other receivables
Prepayments and accrued income
Dervative assets
Current income tax assets
Assets held for sale
Total current asset
Non-current assets
property, plant and equipment
Goodwill
intangible assets
Investments in associates and joint ventures
Financial assets
Employee benefits assets
Current income tax assets
Deferred tax assets
Total non-current assets
total assets
Liabilities and equity
Current liabilities
Financial debt
Trade and other payables
Accruals and deffered income
Provisions
Derivative liabilities
currnt income tax Liabilities
Liabilities directly associated with assets held for sale
Total current liabilities
Non-current liabilities
Financial debt
Employee benefits liabilities
Provisions
Derivative liabilities
Other payables
Total non-current liabilities
Total liabilities
Equity
Share capital
Treasury capital
Translation reserve
Other reserves
rotained earnings
Total equity attributable to shareholders of the parent
Non-controlling interests
Total equity attributable to shareholders of the parent

Total liabilities and equity

 2018 2017

4500 7938
5801 655
9125 9177
11167 12036
530 573
183 231
869 917
8828 357
41003 31884

29956 30777
31702 29746
18634 20615
10792 11628
2567 6003
487 392
58 62
1816 2103
96012 101326
137015 133210

14694 11211
17800 18864
4075 4299
780 819
448 507
2731 2477
2502 12
43030 38189

25700 18566
5919 7111
1033 1147
2540 3492
390 2476
35582 32792
78612 70981

306 311
 -6948 -4537
-20432 -19436
-183 989
84620 83629
57363 60956
1040 1273
58403 62229

137015 133210
 Cash flow statement
for the year ended December 31,2018
2018 2017
Operating activities
Operating profit 13752 10156
Depreciation and amortization 3924 3934
Impairment 1248 3582
Net result on disposal of businesses -686 132
Other non-cash items of income and expense 137 -186
Cash flow before changes in operating assets and liabilities 18375 17618
Decrease/(increase) in working capital 472 -244
Variation of operating assets and liabilities -37 361
Cash generated form operation 18810 17735

Interest paid -684 -609

Interest and dividend received 192 119
taxes paid -3623 -3628
Dividends ofand interest from associates and joint ventures 703 582
OPERATING CASH FLOW 15398 14199
Investing activities
Capital expenditure -3869 -3938
Expenditure on intangible assets -601 -769
Acquisition of business -9512 -696
Disposal of business 4310 140
Investment (net if divestments) in assiciates and joint ventures 728 -140
Inflows/(outflows) from treasurey investments -5159 587
other investing activities -163 -134
Investing cash flows -14266 -4950
Financial activities
devidend paid tonshareholders of the parent -7124 -7126
Dividends paid to non-controling interest -319 -342
Acquisition (net of disposal) of non-controling business -528 -526
Purchase (net of sale) of treasury shares -6854 -3295
Inflows from bonds and other non-current financial debt 9900 6406
Outflows from bonds and other non-current financial debt -2712 -3190
Inflows/(outflows) from current financial debt 3520 -1011
Financing cash flow -4117 -9084

Currency retanslations -313 -217

Increase/(decrease) in cash and cash equivalents -3298 -52

cash and cash equivalents at biginning of year 7938 7990

Cash and cash equivalents at of year 4640 7938
 RATIO ANALYSIS

Income Growth 2%
Asset Growth 1%
Profitability Ratios
Profit Margin 150%
Return on Assets 1955%
Return on Equity 3675%
Dividend Payout Ratio 0%
Price Earnings Ratio 3143%
Activity Ratios
Receivable Turnover 4101%
Inventory Turnover -503%
Fixed Asset Turnover 68%
Liquidity Ratios
Current Ratio 1846%
Quick Ratio 1030205%
Solvency Ratios
Debt to Total Assets 28%
 RATIO ANALYSIS
Description 2018 2017
Income Statement
Revenue 91,750 89,920
Cost of Goods Sold -46,070 -45,571
Interest Expense 218 328
Tax Expense 3,439 2,773
Income from Cont Operations 137,820 135,491
Net Income 134,163 132,390

Balance Sheet
Cash 4,500 7,938
Short Term Investments 5,801 651
Accounts Receivable 2,340 2,134
Inventory 9,125 9,177
Current Assets 41,003 31,884
Long Term Investments 1,000 435
Net Fixed Assets 8,632 5,465
Other Assets 0 0
Total Assets 8,632 5,465
Current Liabilities 2,221 1,543
Total Liabilities 2,411 2,285
Total Stockholders' Equity 4,000 3,500

Cash Flow
Cash Flow from Operations 3,150 2,814
Dividends Paid 120 87
Interest Paid 43 31

Share Information
Market Price at Year End 110.00 96.00
Earnings Per Share - Basic 3.50 3.50
Shares Outstanding 0 0
 NESTLE
Break-Even Analysis
Product Name Date :
For the Period: jan 1,2017 - dec 31,2018
Selling Price (P): $ 240.00
Break-Even Units (X): $ 234.00
Break-Even Sales (S): $ 56,160.00
Fixed Costs
Advertising
Accounting, Legal
Depreciation
Interest Expense
Insurance
Manufacturing
Payroll
Rent
Supplies
Taxes(real estate, etc.)
Utilities
Other (specify)
Total Fixed Costs (TFC)
Variable Costs
Variable Costs based Amount per Unit
Cost of Goods Sold $ 25.00
Direct Labor $ 50.00
Overhead $ 11.00
Other (specify)
Sum: $ 86.00
Variable Costs Based on Percentage
Commissions 7.50%
Other (Specify) 1.00%
Sum: 8.50%
Total Variable Cost per Unit (V)
Contribution Margin per unit (CM) = P - V
Contribution Margin Ration (CMR) = 1 - V/P = cm / P
Break - Even Point
Break - Even UnitS (X) X = TFC / (P-V)
Break - Even UnitS (S) S = X * P = TFC / CMR
2017 - dec 31,2018

$ 10,000.00

$ 1,200.00
-
-
$ 2,000.00
$ 6,000.00
$ 12,000.00
-
-
-
-
$ 31,200.00

per unit
per unit
per unit
per unit

per unit
per unit

$ 106.40
$ 133.60
$ 0.56

234
$ 56,047.90