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Preliminary analytical review
- 1. SheridanAV Limited PRELIMINARYANALYTICALREVIEW Income Statementfornine months to 31 December2020 9 months to 31 Dec 2020 12 months to 31 Mar 2021 Difference % Change ₱ ₱ ₱ Revenue 5,410,175 4,846,699 -563,476 -10.40% Cost ofSales -4,448,366 -3,596,251 852,115 -19.20% Gross profit 961,809 1,250,448 288,639 30.01% Less:Distributioncost -476,826 -488,616 -11,790 2.50% Administrative expenses -369,713 -505,198 -135,485 36.60% 115,270 256,634 141,364 122.60% Other operatingincome 0 0 Profits fromoperations 115,270 256,634 141,364 122.60% Finance cost estimate -20,000 -46,240 -26,240 131.20% Profit before tax 95,270 210,394 115,124 120.80% Tax(estimate) -20,000 -102,562 -82,562 412.80% Profit after tax 75,270 107,832 32,562 43.30%
- 2. Sheridan AV Limited PRELIMINARYANALYTICAL REVIEW Statement of Financial Position As at 31 December 2020 As at 31 December 2020 As at 31 March 2021 Difference % Change ₱ ₱ ₱ ASSETS Non Current Assets Tangible 2,021,339 1,250,700 -770,639 -38.10% Current Assets Inventories 339,812 226,549 -113,263 -33.30% Trade Receivables 525,000 672,371 147,371 28.10% Cash 169,000 426,359 257,359 152.30% TOTAL ASSETS 3,055,151 2,575,979 -479,172 -15.70% EQUITY AND LIABILITIES Equity Called up share capital 100,000 100,000 0 0% Accumulated profits 1,093,831 1,018,561 -75,270 -6.90% Non current Liabilities Mortgage 1,171,550 658,854 -512,696 -43.80% Current Liabilities Bank Loans 0 80,000 80,000 Trade Payables 440,632 442,664 2,032 0.50% Taxation and social security 185,138 96,500 -88,638 -47.90% Proposed dividend 0 100,000 100,000 Director's loan account 64,000 64,000 0 0% Accruals 0 15,400 15,400 TOTAL EQUITY AND LIABILITIES 3,055,151 2,575,979 -479,172 -15.70%