Professional Documents
Culture Documents
Income Statement
For the Year Ended Dec 31, 20X0 & 20X1
(in thousands)
20X0 20X1
Sales Revenue, net 6,577,480 7,622,677
Cost of Sales 2,573,350 2,803,623
Excise Taxes on Goods Sold 2,354,350 2,887,616
Gross Margin 1,649,780 1,931,438
Selling, General, and Administrative Expenses 974,121 1,328,107
Income before Income Taxes 675,659 603,331
Provision for Income Taxes 296,877 274,558
Net Income 378,782 328,773
20X0 20X1
Interest Expense 105,165 102,791
Depreciation & Amortization 115,974 +
Loss on Write off of obsolete equipment 66,046 +
Investment income 59,610
Deferred income taxes 17,548
Purchase of PPE 260,075
Cash proceed from sale of FA 33,162
Additional FA from business acquisition 31,691
Goodwill 102,030
Cash dividend paid 216,158
Shares dividend (100%) at par
Purchase T/S 30,609
Increase in LT Borrowings 34,606
785,351
6,837,326
6,777,716
AMERBRAN COMPANY
Balance Sheets
As of December 31, 20X0 & 20X1
(in Thousands)
20X0 20X1
Assets
Cash 23,952 28,912
Accounts Receivable 687,325 756,152
Inventories 1,225,402 1,244,912
Prepaid Expenses 77,167 76,140
Total Current Assets 2,013,846 2,106,116
Investments 1,058,637 1,116,534