OPERATIONAL AUDITING TASKS Group Members: Adanza, Andrea Baje, Jewel AD Boaquina, Honey May Calagui, Mary Joy Escopete, Debbie Jane

1. SheridanAV Limited
PRELIMINARYANALYTICALREVIEW
Income Statement fornine 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
PRELIMINARY ANALYTICAL 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%