Scribd Logo
Upload

Welcome to Scribd!

  • 74 views

    Module-10 Additional Material FSA Template - Session-11 vrTcbcH4le

    Uploaded by

    Bhavya Patel
    The document provides historical and forecasted financial statements for years 2016-2025 for a company, including income statements, balance sheets, cash flow statements, and key ratios. It shows steady revenue growth, increasing net earnings and positive cash flows over the period. The company has maintained a healthy financial position with current and quick ratios above 3, and debt to equity ratios below 0.3 throughout the historical period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Module-10 Additional Material FSA Template - Session-11 vrTcbcH4le

    Uploaded by

    Bhavya Patel
    74 views6 pages
    The document provides historical and forecasted financial statements for years 2016-2025 for a company, including income statements, balance sheets, cash flow statements, and key ratios. It shows steady revenue growth, increasing net earnings and positive cash flows over the period. The company has maintained a healthy financial position with current and quick ratios above 3, and debt to equity ratios below 0.3 throughout the historical period.

    Original Description:

    Business Management

    Original Title

    Module-10_Additional_Material_FSA_Template_-_Session-11_vrTcbcH4le

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document provides historical and forecasted financial statements for years 2016-2025 for a company, including income statements, balance sheets, cash flow statements, and key ratios. It shows steady revenue growth, increasing net earnings and positive cash flows over the period. The company has maintained a healthy financial position with current and quick ratios above 3, and debt to equity ratios below 0.3 throughout the historical period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    74 views6 pages

    Module-10 Additional Material FSA Template - Session-11 vrTcbcH4le

    Uploaded by

    Bhavya Patel
    The document provides historical and forecasted financial statements for years 2016-2025 for a company, including income statements, balance sheets, cash flow statements, and key ratios. It shows steady revenue growth, increasing net earnings and positive cash flows over the period. The company has maintained a healthy financial position with current and quick ratios above 3, and debt to equity ratios below 0.3 throughout the historical period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 6

    Historical Results

    FINANCIAL STATEMENTS 2016A 2017A 2018A 2019A 2020A

    Assumptions
    Income Statement
    Revenue Growth (%) 15.8% 11.2% 8.4% 5.9%
    Cost of Goods Sold (% of Revenue) 38.3% 40.7% 37.4% 37.0% 37.6%
    Salaries and Benefits (Actuals) 26427 22658 23872 23002 25245
    Rent and Overheads (Actuals) 10963 10125 10087 11020 11412
    Depreciation (% of PP&E Open Balance) 39.0% 39.9% 40.6% 41.2% 41.7%
    Interest (% of Debt Open Balance) 5.0% 5.0% 3.0% 3.0% 3.0%
    Tax Rate (% of EBT) 31.2% 29.2% 28.7% 28.5% 28.7%
    Balance Sheet
    Accounts Receivable (Days) 18.0 18.0 18.0 18.0 18.0
    Inventory (Days) 73.0 73.0 73.0 73.0 73.0
    Accounts Payable (Days) 37.0 37.0 37.0 37.0 37.0
    Capital Expenditure (INR000's) 15000 15000 15000 15000 15000
    Debt Issuance (Repayment) (INR000's) 0 0 -20000 0 0
    Equity Issues (Repaid) (INR000's) 170000 0 0 0 0
    Others
    Market Capitalisation 206969 221118 246408 278465 312336
    Risk free Rate 5.5% 5.8% 5.9% 6.0% 6.0%
    Market Risk Premium 12.0% 15.0% 22.0% -2.0% 10.0%
    Beta 1.10 1.25 1.20 1.10 1.15

    Income Statement
    Revenue 102007 118086 131345 142341 150772
    Cost of Goods Sold (COGS) 39023 48004 49123 52654 56710
    Gross Profit 62984 70082 82222 89687 94062
    Expenses
    Salaries and Benefits 26427 22658 23872 23002 25245
    Rent and Overhead 10963 10125 10087 11020 11412
    Depreication 19500 18150 17205 16544 16080
    Interest 2500 2500 1500 900 900
    Total Expenses 59390 53433 52664 51466 53637
    Earnings before Tax 3594 16649 29558 38221 40425

    Taxes 1120 4858 8483 10908 11598


    Net Earnings 2474 11791 21075 27313 28827

    Balance Sheet
    Assets
    Cash 167971 181210 183715 211069 239550
    Accounts Receivable 5100 5904 6567 7117 7539
    Inventory 7805 9601 9825 10531 11342
    Property & Equipment 45500 42350 40145 38602 37520
    Total Assets 226376 239065 240252 267319 295951

    Liabilities
    Accounts Payable 3902 4800 4912 5265 5671
    Debt 50000 50000 30000 30000 30000
    Total Liabilities 53902 54800 34912 35265 35671
    Shareholders' Equity
    Equity Capital 170000 170000 170000 170000 170000
    Retained Earnings 2474 14265 35340 62054 90280
    Shareholders' Equity 172474 184265 205340 232054 260280
    Total Liabilities & Shareholders' Equity 226376 239065 240252 267319 295951

    Check 0 0 0 0 0

    Cash Flow Statement


    Operating Cash Flow
    Net Earnings 2474 11791 21075 26713 28227
    Plus: Depreciation 19500 18150 17205 16544 16080
    Less: Changes in Working Capital 9003 1702 775 903 827
    Cash from Operations 12971 28239 37505 42354 43480

    Investing Cash Flow


    Investment in PP&E -15000 -15000 -15000 -15000 -15000
    Cash from Investing -15000 -15000 -15000 -15000 -15000

    Financing Cash Flow


    Issuance (repayment) of debt 0 0 -20000 0 0
    Issuance(repayment) of equity 170000 0 0 0 0
    Cash from financing 170000 0 -20000 0 0

    Net Increase (decrease) in Cash 167971 13239 2505 27354 28480


    Opening Cash Balance 0 167971 181210 183715 211069
    Closing Cash Balance 167971 181210 183715 211069 239549

    Check 0 0 0 0 -1

    Supporting Schedules
    Working Capital Schedule
    Accounts Receivable 5100 5904 6567 7117 7539
    Inventory 7805 9601 9825 10531 11342
    Accounts Payable 3902 4800 4912 5265 5671
    Net Working Capital (NWC) 9003 10705 11480 12383 13210
    Change in NWC 9003 1702 775 903 827

    Depreciation Schedule
    PPE Opening 50000 45500 42350 40145 38602
    Plus Capex 15000 15000 15000 15000 15000
    Less: Depreciation 19500 18150 17205 16544 16080
    PPE Closing 45500 42350 40145 38601 37522

    Debt & Interest Schedule


    Debt Opening 50000 50000 50000 30000 30000
    Issuance (repayment) 0 0 -20000 0 0
    Debt Closing 50000 50000 30000 30000 30000
    Interest Expense 2500 2500 1500 900 900

    Ratio Analysis

    Liquidity Ratios
    Current Ratio 3.31 3.23 3.34 3.35 3.33
    Quick Ratio 1.31 1.23 1.34 1.35 1.33

    Profitability Ratios
    Gross Profit Ratio 61.7% 59.3% 62.6% 63.0% 62.4%
    Net Profit Ratio 2.4% 10.0% 16.0% 19.2% 19.1%
    Return on Equity 1.4% 6.4% 10.3% 11.8% 11.1%
    Return on Investment 2.7% 8.2% 13.2% 14.9% 14.2%

    Solvency Ratios
    Debt to Assets Ratio 0.22 0.21 0.12 0.11 0.10
    Debt to Equity Ratio 0.29 0.27 0.15 0.13 0.12
    Interest Coverage Ratio 2.44 7.66 20.71 43.47 45.92

    Efficiency Ratios
    Total Asset Turnover Ratio 0.45 0.49 0.55 0.53 0.51
    Fixed Asset Turnover Ratio 2.24 2.79 3.27 3.69 4.02
    Working Capital Turnover Ratio 11.33 11.03 11.44 11.49 11.41
    Inventory Turnover Ratio 5.00 5.00 5.00 5.00 5.00
    Debtors Turnover Ratio 20.00 20.00 20.00 20.00 20.00
    Creditors Turnover Ratio 10.00 10.00 10.00 10.00 10.00
    Forecast Period
    2021E 2022E 2023E 2024E 2025E

    5.0% 4.5% 4.0% 3.5% 3.0%


    37.0% 37.0% 37.0% 37.0% 37.0%
    25000 25000 25000 25000 25000
    10000 10000 10000 10000 10000
    40.0% 40.0% 40.0% 40.0% 40.0%
    3.0% 3.0% 3.0% 3.0% 3.0%
    28.0% 28.0% 28.0% 28.0% 28.0%

    18.0 18.0 18.0 18.0 18.0


    73.0 73.0 73.0 73.0 73.0
    37.0 37.0 37.0 37.0 37.0
    15000 15000 15000 15000 15000
    0 0 -20000 0 0
    0 0 0 -150000 0

    333483 365560 395247 423055 450896


    6.0% 6.0% 6.0% 6.0% 6.0%
    11.4% 11.3% 10.5% 8.2% 10.3%
    1.16 1.17 1.16 1.15 1.16

    158311 165435 172052 178074 183416


    58575 61211 63659 65887 67864
    99736 104224 108393 112186 115552

    25000 25000 25000 25000 25000


    10000 10000 10000 10000 10000
    15009 15005 15003 15002 15001
    900 900 900 300 300
    50909 50905 50903 50302 50301
    48827 53319 57490 61885 65251

    13672 14929 16097 17328 18270


    35155 38389 41392 44557 46981

    274339 312122 332950 226992 273515


    7807 8158 8485 8782 9045
    11715 12242 12732 13177 13573
    37513 37508 37505 37503 37502
    331374 370031 391671 286454 333635

    5938 6205 6453 6679 6879


    30000 30000 10000 10000 10000
    35938 36205 16453 16679 16879

    170000 170000 170000 20000 20000


    125435 163825 205217 249774 296755
    295435 333825 375217 269774 316755
    331373 370030 391670 286453 333634

    1 1 1 1 1

    35155 38389 41392 44557 46981


    15009 15005 15003 15002 15001
    374 611 568 517 458
    49790 52783 55828 59042 61523

    -15000 -15000 -15000 -15000 -15000


    -15000 -15000 -15000 -15000 -15000

    0 0 -20000 0 0
    0 0 0 -150000 0
    0 0 -20000 -150000 0

    34790 37783 20828 -105958 46523


    239549 274339 312122 332950 226992
    274339 312122 332950 226992 273515

    0 0 0 0 0

    7807 8158 8485 8782 9045


    11715 12242 12732 13177 13573
    5938 6205 6453 6679 6879
    13584 14196 14763 15280 15739
    374 611 568 517 458

    37522 37513 37508 37505 37503


    15000 15000 15000 15000 15000
    15009 15005 15003 15002 15001
    37513 37508 37505 37503 37502

    30000 30000 30000 10000 10000


    0 0 -20000 0 0
    30000 30000 10000 10000 10000
    900 900 900 300 300

    3.29 3.29 3.29 3.29 3.29


    1.31 1.31 1.31 1.31 1.31

    63.0% 63.0% 63.0% 63.0% 63.0%


    22.2% 23.2% 24.1% 25.0% 25.6%
    11.9% 11.5% 11.0% 16.5% 14.8%
    15.3% 14.9% 15.2% 22.2% 20.1%

    0.09 0.08 0.03 0.03 0.03


    0.10 0.09 0.03 0.04 0.03
    55.25 60.24 64.88 207.28 218.50

    0.48 0.45 0.44 0.62 0.55


    4.22 4.41 4.59 4.75 4.89
    11.65 11.65 11.65 11.65 11.65
    5.00 5.00 5.00 5.00 5.00
    20.28 20.28 20.28 20.28 20.28
    9.86 9.86 9.86 9.86 9.86

    You might also like