Inbound 275038384116509720

ABC Enterprises, Inc.
Statement of Cash Flows

For the Years Ended December 31, 2021 and 2020
(in thousands)
2021 2020
Cash Flow from Operating Activities - Direct Method
Cash received from customers 107,495.00 74,830.50
Interest received 211.00 419.00
Cash paid to suppliers for inventory (66,466.50) (49,968.00)
Cash paid to employees (S&A Expenses) (16,332.00) (13,191.00)
Cash paid for other operating expenses (14,864.00) (10,675.00)
Interest paid (1,292.50) (1,138.50)
Taxes paid (3,739.00) (2,160.50)
Net cash provided (used) by operating activities 5,012.00 1,883.50
Cash Flow from Investing Activities

Additions to property, plant and equipment (7,050.00) (2,386.50)
Other investing activities 147.50 -
Net cash provided (used) by investing activities (6,902.50) (2,386.50)
Cash Flow from Financing Activities

Sales of ordinary shares 128.00 91.50
Increase (decrease) in short-term borrowings (includes current maturities of long-term debt)
(15.00) 927.00
Additions to long-term borrowings 2,800.00 3,941.00
Reductions of long-term borrowings (758.00) (796.50)
Dividends paid (791.00) (931.00)
Net cash provided (used) by financing activities 1,364.00 3,232.00
Increase (decrease) in cash & marketable securities (526.50) (1,038.00)
Supplementary Schedule
Cash Flow from Operating Activities - Indirect Method
Net Income 4,697.00 2,955.00
Noncash revenue and expense included in net income:
Depreciation 1,999.00 1,492.00
Deferred income taxes 104.00 68.00
Cash provided (used) by current assets and liabilities:
Accounts receivable (305.00) (1,669.50)
Inventories (5,136.00) (3,503.00)
Prepaid Expenses 123.50 147.50
Accounts payable 3,351.50 (525.50)
Accrued liabilities 178.00 (848.00)
Net cash provided (used) by operations 5,012.00 1,883.50
Additional Information:
Market price per share - 2011: P30; 2010: P17
Income Statements and Retained Earnings
For the Years Ended December 31, 2021, 2020 and 2019
2021 2020 2019

Net Sales 107,800.00 76,500.00 70,350.00
Cost of goods sold 64,682.00 45,939.50 40,803.00
Gross Profit 43,118.00 30,560.50 29,547.00
Selling and Administrative Expenses 16,332.00 13,191.00 12,749.00

Advertising 7,129.00 5,396.00 4,770.50
Lease Payments 6,529.00 3,555.50 3,633.50
Depreciation and amortization 1,999.00 1,492.00 1,250.50
Repairs and Maintenance 1,507.50 1,023.00 1,515.50
Total 33,496.50 24,657.50 23,919.00
Operating Profit 9,621.50 5,903.00 5,628.00
Other Income (Expenses)

Interest Income 211.00 419.00 369.00
Interest Expense (1,292.50) (1,138.50) (637.00)
Earnings before income taxes 8,540.00 5,183.50 5,360.00
Income taxes 3,843.00 2,228.50 2,412.00

Net Income 4,697.00 2,955.00 2,948.00
Earnings per common share 2.00 1.29 1.33
Statements of Retained Earnings

Retained Earnings at beginning of year 16,181.50 14,157.50 12,130.00
Net Income 4,697.00 2,955.00 2,948.00
Cash dividends (2011 - P0.33 per share; 2010 - P0.41 per share) (791.00) (931.00) (920.50)
Retained Earnings at end of the year 20,087.50 16,181.50 14,157.50
Statement of Financial Position
As of December 31, 2021 and 2020
(in thousands)
2021 2020
ASSETS
Current Assets:
Cash 2,030.50 1,191.00
Marketable securities 2,636.00 4,002.00
Accounts Receivable 4,704.00 4,383.50
Allowance for Doubtful Accounts (224.00) (208.50)
Inventories 23,520.50 18,384.50
Prepaid Expenses 256.00 379.50
Total Current Assets 32,923.00 28,132.00
Property, Plant and Equipment

Land 405.50 405.50
Buildings and leasehold improvements 9,136.50 5,964.00
Equipment 10,761.50 6,884.00
Total 20,303.50 13,253.50
less: Accumulated depreciation and amortization (5,764.00) (3,765.00)
Net property, plant and equipment 14,539.50 9,488.50
Other Assets 186.50 334.00

Total Assets 47,649.00 37,954.50
LIABILITIES AND EQUITY:

Current liabilities
Accounts payable 7,147.00 3,795.50
Notes payable - banks 2,807.00 3,006.00
Current maturities of long-term debt 942.00 758.00
Accrued liabilities 2,834.50 2,656.50
Total Current Liabilities 13,730.50 10,216.00
Deferred Income Taxes 421.50 317.50

Long Term Debt 10,529.50 8,487.50
Total Liabilities 24,681.50 19,021.00
EQUITY:
Ordinary shares, par value P1,
authorized 10,000,000 shares; issued,
2,401.50 2,297.00
2,297,000 shares in 2011 and
2,401,500 shares in 2010
Additional paid-in capital 478.50 455.00
Retained Earnings 20,087.50 16,181.50
Total Equity 22,967.50 18,933.50
Total Liabilities and Equity 47,649.00 37,954.50

Inbound 275038384116509720

Uploaded by

Copyright:

Available Formats

Inbound 275038384116509720

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Inbound 275038384116509720

Uploaded by

Copyright:

Available Formats

ABC Enterprises, Inc.

Statement of Cash Flows

Cash Flow from Investing Activities

Cash Flow from Financing Activities

Increase (decrease) in cash & marketable securities (526.50) (1,038.00)

2021 2020 2019

Selling and Administrative Expenses 16,332.00 13,191.00 12,749.00

Other Income (Expenses)

Income taxes 3,843.00 2,228.50 2,412.00

Earnings per common share 2.00 1.29 1.33

Statements of Retained Earnings

Property, Plant and Equipment

Other Assets 186.50 334.00

LIABILITIES AND EQUITY:

Deferred Income Taxes 421.50 317.50

Total Liabilities and Equity 47,649.00 37,954.50

You might also like