CARIBBEAN CREAM LIMITED Statement of Financial Position February 28, 2021 (Expressed in Jamaica dollars unless otherwise- stated) Notes 2021 2020 NON-CURRENT ASSETS Property, plant and equipment 4 825,483,694 773,143,905 Right-of-use assets 5 (a) 93,044,425 95,435,877 Total non-current assets 918,528,119 868,579,782 CURRENT ASSETS Cash and cash equivalents 6 217,283,548 129,196,815 Trade and other receivables 7 93,514,369 58,211,081 Tax recoverable 779,621 Inventories 8 162,352,192 117,774,685 Total current assets 473,150,109 305,962,202 CURRENT LIABILITIES Trade and other payables 9. 214,491,486 185,346,512 Taxation payable 10,734,482 Current portion of lease liabilities 5 (b) 17,456,686 19,539,121 Current portion of long-term loans 10 6,977,778 27,441,951 Total current liabilities 249,660,432 232,327,584 Net current assets 223,489,677 73,634,618 Total assets less current liabilities 1,142,017,796 942,214,400 NON-CURRENT LIABILITIES Long-term loans 10 206,927,474 104,972,207 Lease liabilities 5 (b) 86,580,789 79,622,207 Deferred tax liability 11 14,576,941 13,389,525 Total non-current liabilities 308,085,204 197,983,939 EQUITY Share capital 12 111,411,290 111,411,290 Accumulated profits 722,521,302 632,819,171 Total equity 833,932,592 744,230,461 Total non-current liabilities and equity 1,142,017,796 942,214,400
CARIBBEAN CREAM LIMITED Statement of Financial Position February 28, 2021 (Expressed in Jamaica dollars unless otherwise- stated) Notes 2021 2020 NON-CURRENT ASSETS Property, plant and equipment 4 825,483,694 773,143,905 Right-of-use assets 5 (a) 93,044,425 95,435,877 Total non-current assets 918,528,119 868,579,782 CURRENT ASSETS Cash and cash equivalents 6 217,283,548 129,196,815 Trade and other receivables 7 93,514,369 58,211,081 Tax recoverable 779,621 Inventories 8 162,352,192 117,774,685 Total current assets 473,150,109 305,962,202 CURRENT LIABILITIES Trade and other payables 9. 214,491,486 185,346,512 Taxation payable 10,734,482 Current portion of lease liabilities 5 (b) 17,456,686 19,539,121 Current portion of long-term loans 10 6,977,778 27,441,951 Total current liabilities 249,660,432 232,327,584 Net current assets 223,489,677 73,634,618 Total assets less current liabilities 1,142,017,796 942,214,400 NON-CURRENT LIABILITIES Long-term loans 10 206,927,474 104,972,207 Lease liabilities 5 (b) 86,580,789 79,622,207 Deferred tax liability 11 14,576,941 13,389,525 Total non-current liabilities 308,085,204 197,983,939 EQUITY Share capital 12 111,411,290 111,411,290 Accumulated profits 722,521,302 632,819,171 Total equity 833,932,592 744,230,461 Total non-current liabilities and equity 1,142,017,796 942,214,400
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Ratio Analysis -Solvency and Leverage Ratios
a. Debit Ratio
b. Equity Ratio
| A. Debt Ratio | Total Liabilities/ Total Assets | |||||
| B. Equity Ratio | Total Equity/Total Assets |
Transcribed Image Text:CARIBBEAN CREAM LIMITED
Statement of Profit or Loss and Other Comprehensive
Income
Year ended February 28, 2021
(Expressed in Jamaica dollars unless otherwise
stated)
Notes
2021
2020
Gross operating revenue
13
1,870,188,069
1,706,358,991
Cost of operating revenue
14 (a) (1,245,049,430) (1,160,747,229)
Gross profit
625,138,639
545,611,762
Other income
1,994,192
625,138,639
547,605,954
Administrative, selling and distribution expenses:
Administrative
14 (b)
(427,856,374)
(395,323,017)
Selling and distribution
14 (c)
(60,656,587)
(68,301,238)
(488,512,961)
(463,624,255)
Impairment recovered/(loss) on trade receivables
7
(i)
1,804,151
(2,673,129)
Operating profit before finance costs and taxation
138,429,829
81,308,570
Finance income - interest
1,333,200
1,133,753
Finance costs
15
(21,262,694)
(20,270,767)
Profit before taxation
118,500,335
62,171,556
Taxation
16
(17,819,728)
(7,602,157)
Profit, being total comprehensive income for the year
100,680,607
54,569,399
Earnings per stock unit
17
0.27
0.14
Transcribed Image Text:CARIBBEAN CREAM LIMITED
Statement of Financial Position
February 28, 2021
(Expressed in Jamaica dollars unless otherwise
stated)
Notes
2021
2020
NON-CURRENT ASSETS
Property, plant and equipment
4
825,483,694 773,143,905
Right-of-use assets
5 (a)
93,044,425
95,435,877
Total non-current assets
918,528,119 868,579,782
CURRENT ASSETS
Cash and cash equivalents
6
217,283,548 129,196,815
Trade and other receivables
7
93,514,369
58,211,081
Tax recoverable
779,621
Inventories
162,352,192 117,774,685
Total current assets
473,150,109 305,962,202
CURRENT LIABILITIES
Trade and other payables
214,491,486 185,346,512
Taxation payable
10,734,482
Current portion of lease liabilities
5 (b)
17,456,686
19,539,121
Current portion of long-term loans
10
6,977,778
27,441,951
Total current liabilities
249,660,432 232,327,584
Net current assets
223,489,677
73,634,618
Total assets less current liabilities
1,142,017,796 942,214,400
NON-CURRENT LIABILITIES
Long-term loans
10
206,927,474 104,972,207
Lease liabilities
5 (b)
86,580,789
79,622,207
Deferred tax liability
11
14,576,941
13,389,525
Total non-current liabilities
308,085,204 197,983,939
EQUITY
Share capital
12
111,411,290 111,411,290
Accumulated profits
722,521,302 632,819,171
Total equity
833,932,592 744,230,461
Total non-current liabilities and equity
1,142,017,796 942,214,400
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