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 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
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 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ratio Analysis -Solvency and Leverage Ratios
c. Debt-to-Equity Ratio
d. Assets to Equity Ratio
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