Essay About Current Assets And Total Current Assets

Financial Tables Analysis of Zara Investment Company
Financial Tables Analysis of Zara Investment Company
FINANCIAL TABLES ANALYSIS OF ZARA INVESTMENT COMPANY
Horizontal
Vertical
Balance Sheet
Dec.31,2009
Dec.31,2008
?Amount
?Percent
CURRENT ASSETS
Cash on hands and at banks
7088301
15433236
-8344935
-54,07%
2,60%
6,04%
Trading investment
Inventories
2141115
2114546
26569
1,26%
0,78%
0,83%
Account receivables
7001659
7572885
-571226
-7,54%
2,57%
2,96%
Other current assets
8362940
5209347
3153593
60,54%
3,07%
2,04%
Total current assets
24594015
30330014
-5735999
-18,91%
9,02%
11,87%
NON-CURRENT ASSETS
Property and equipment
192087675
161953400
30134275
18,61%
70,47%
63,37%
Projects in progress
21719739
31244359
-9524620
-30,48%
7,97%
12,22%
Available for sales investment
31680994
27351906
4329088
15,83%
11,62%
10,70%
Advance payment on investment
2486537
4700000
-2213463
-47,09%
0,91%
1,84%
Total non-current assets
247974945
225249665
22725280
10,09%
90,98
88,13%
Total assets
272568960
255579679
16989281
6,65%
100,00%
100,00%
CURRENT LIABILITIES
Current portion of long term loans
6807142
1464285
5342857
364,88%
2,50%
0,60%
Current portion of long term bonds
18000000
-18000000
-100%
7,43%
Account payable
8595204
8365556
229648
2,75%
3,15%
3,45%
Other current liabilities
12014800
10089518
1925282
19,08%
4,41%
4,16%
Due to banks
1309842
1309842
0,48%
Total current liabilities
28726988
37919359
-9192371
-24,24%
10,54%
15,64%
NON-CURRENT LIABILITIES
85832400
70703142
15129258
21,40%
31,49%
29,16%
Long term bonds
Deferred tax liabilities
1249615
1165058
84557
7,26%
0,46%
0,48%
Total non-current liabilities
87082015
71868200
15213815
21,17%
31,95%
29,65%
Total liabilities
115809003
109787559
6021444
5,48%
42,49%
45,29%
SHAREHOLDERS EQUITY
Paid in capital
125000000
125000000
45,86%
51,57%
Statuory reserve
2747747
1026381
1721366
167,71%
1,01%
0,42%
Voluntary reserve
689496
689496
0,25%
0,28%
Fair value reserve
18744229
15313275
3430954
22,40%
6,88%
6,31%
(-)Accumulated losses
-7214533
-22362562
15148029
-67,74%
-2,65%
-9,22%
139966939
119666590
20300349
16,96%
51,35%
49,37%
Minority interest
16793018
12947562
3845456
29,70%
6,16%
5,34%
Net equity
156759957
132614152
24145805
18,20%
57,51%
54,70%
Total equity and liabilities
272568960
242401711
30167249
12,44%
100,00%
100,00%
ZARA INVESTMENT (HOLDING) COMPANY LTD.
Income Statement
12 Months Ended
Horizontal
Vertical
Dec.31,2009
Dec.31,2008
?Amount
?Percent
Operating revenues
76698399
77820204
1121805
-1,44%
100,00%
100,00%
Operating expenses
52003387
48536029
3467358
7,14%
67,80%
62,37%
Gross operating income
24695012
29284175
-4589163
-15,67%
32,20%
37,63%
Less: Administrative expenses
3555950
3382417
173533
5,13%
4,64%
4,35%
Losses from financial invest.
25520
16917
196,64%
0,03%
0,01%
Add: Other income
1351073
1156182
194891
16,86%
1,76%
1,49%
Profit from operations
22464615
27049317
-4584702
-16,95%
29,29%
34,76%
Less: Net financing expenses
5618698
5205178
413520
7,94%
7,33%
6,69%