Projectedstatement..docx
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ABM SHS COMPANY STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDING DECEMBER 31, 2017
Net Sales Cost of Sales Gross Profit
60 176 243 46 150 203 14 026 040
Operating Expense
8 414 099
Operating Income
5 611 941
Interest Expense
168 750
Income before Taxes Taxes Net Income
5 443 191 1 632 957 3 810 234
Total Assets = 28 289 370 – 28 741 776 = 3 547 594 Total Liabilities = 15 780 282 – 10 519 207 = 5 261 075 Total S.E. = 15 553 450 – 14 222 569 = 1 630 881 EFN = Change in Total Assets – (Change in Total Liabilities & Total S.E.) = 3 547 594 – ( 5 261 075 + 1 630 881) = - 3 344 362
1
ABM SHS COMPANY STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDING DECEMBER 31, 2017
w/o EFN
w/ EFN
Assets Current Assets Cash
2 202 450
2 202 450
Receivables
3 081 024
3 081 024
Inventories
5 656 567
5 656 567
Other Current Assets
1 648 829
1 648 829
Total Current Assets
12 588 870
12 588 870
Non Current Assets P.P.E.
14 800 000
Other Non Current Assets Total Non Current Assets Total Assets
14 800 000
900 500
900 500
15 700 500
15 700 500
28 289 370
28 289 370
Liabilities & Equity Current Liabilities Notes Payable Trade Payable Income taxes Payable
-3 344 362 6 107 889
6 107 889
4 082 393
4 082 393
Current position of long-term debt
2 000 000
Other Current Liabilities
90 000
90 000
12 280 282
12 280 282
3 500 000
3 500 000
15 780 282
15 780 282
Capital Stock
9 000 000
9 000 000
Retained Earnings
6 853 450
6 853 450
Total Stockholder’s Equity
15 853 450
15 853 450
Total Current Liabilities
2 000 000
Non Current Liabilities Long-term Debt Total Liabilities Stockholder’s Equity
Total Liabilities & Stockholder’s Equity 31 633 732 2
31 633
Net Sales Cost of Sales Gross Profit
60 176 243 46 150 203 14 026 040
Operating Expense
8 414 099
Operating Income
5 611 941
Interest Expense
168 750
Income before Taxes Taxes Net Income
5 443 191 1 632 957 3 810 234
Total Assets = 28 289 370 – 28 741 776 = 3 547 594 Total Liabilities = 15 780 282 – 10 519 207 = 5 261 075 Total S.E. = 15 553 450 – 14 222 569 = 1 630 881 EFN = Change in Total Assets – (Change in Total Liabilities & Total S.E.) = 3 547 594 – ( 5 261 075 + 1 630 881) = - 3 344 362
1
ABM SHS COMPANY STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDING DECEMBER 31, 2017
w/o EFN
w/ EFN
Assets Current Assets Cash
2 202 450
2 202 450
Receivables
3 081 024
3 081 024
Inventories
5 656 567
5 656 567
Other Current Assets
1 648 829
1 648 829
Total Current Assets
12 588 870
12 588 870
Non Current Assets P.P.E.
14 800 000
Other Non Current Assets Total Non Current Assets Total Assets
14 800 000
900 500
900 500
15 700 500
15 700 500
28 289 370
28 289 370
Liabilities & Equity Current Liabilities Notes Payable Trade Payable Income taxes Payable
-3 344 362 6 107 889
6 107 889
4 082 393
4 082 393
Current position of long-term debt
2 000 000
Other Current Liabilities
90 000
90 000
12 280 282
12 280 282
3 500 000
3 500 000
15 780 282
15 780 282
Capital Stock
9 000 000
9 000 000
Retained Earnings
6 853 450
6 853 450
Total Stockholder’s Equity
15 853 450
15 853 450
Total Current Liabilities
2 000 000
Non Current Liabilities Long-term Debt Total Liabilities Stockholder’s Equity
Total Liabilities & Stockholder’s Equity 31 633 732 2
31 633
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