financial statement analysis
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Lopez holdings corporationTRANSCRIPT
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LOPEZ HOLDING CORPORATIONHorizontal Analysis-Comparative Statement of Financial Position
December 31, 2014
Increase (Decrease)2014 2013 Amount Percent
ASSETSCurrent AssetsCash and cash equivalent 46,681 53,433 (6,752) 14.46%Short Term Investment 5,335 2,675 2,660 49.86%Inventories 15,218 13,405 1,813 11.91%Other current assets 39,292 32,740 6,552 16.68%Total current assets 106,526 102,253 4,273 4.01%Non- Current AssetsProperty, plant & equipment 118,938 96,286 22,652 19.05%GoodwillIntangible Assets 53,971 54,338 (367) 0.68%Deferred Income Tax 2,064 2,126 (62) 3.00%Prepaid Pension Benefit 114 (114)Other Long Term Assets 57,225 50,825 6,400 11.18%Total Non-Current Asset 232,198 203,689 28,509 12.28%Total Assets 338,724 305,942 32,782 9.68%
Liabilities & Shareholder's EquityLiabilitiesCurrent LiabilitiesShort Term Debts 21,126 12,338 8,788 41.60%Accouts Payable 31,654 31,654 100.00%Taxes Payable 928 217 711 76.62%Other Current Liabilities 2,021 28,999 (26,978) 1334.88%Total current Liabilities 55,729 41,554 14,175 25.44%Non-Current LiabilitiesLong Term Debt 143,157 137,471 5,686 3.97%Deferred Taxes Liabilities 3,179 2,835 344 10.82%Accrued LiabilitiesPensions and other Benefit LiabilitiesMinority Interest 87,276 75,907 11,369 13.03%Other Long Term Liabilities 7,092 7,393 (301) 4.24%Total Non-Current Liabilities 240,704 223,606 17,098 7.10%Total Liabilities 296,433 265,160 31,273 10.55%
Shareholder's EquityPaid-up Capital 54 31 23 42.59%Retained Earnings 44,174 40,112 4,062 9.20%Accumulated other comprehensive income -1,937 639 (2,576) 132.99%Total Shareholder's Equity 42,291 40,782 1,509 3.57%Total Liabilities & shareholder's Equity 338,724 305,942 32,782 9.68%
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LOPEZ HOLDING CORPORATIONHorizontal Analysis-Comparative Income Statements
December 31, 2014
Increase (Decrease)
2014 2013 Amount Percent
Revenue 100,654 93,308 7,346 7.30%
Cost of Revenue 63,507 64,371 (864) 1.36%
Gross Profit 37,147 28,937 8,210 22.10%
Operating Expenses
Research & Development
Sales, General, administrative expenses 13,586 11,593 1,993 14.67%
Other Operating expenses 3,376 5,698 (2,322) 68.78%
Total Operating Expenses 16,962 17,291 (329) 1.94%
Operating Income 20,185 11,646 8,539 42.30%
Other Income 526 -804 1,330 252.85%
Income Before Taxes 20,711 10,842 9,869 47.65%
Provision for Income Taxes 4,378 3,383 995 22.73%
Net Income From continuing operation 16,333 7,459 8,874 54.33%
Net Income From discontinuing operation -573 -5,516 4,943 862.65%
Other -12,000 1,943 (13,943) 116.19%
Net Income 3,760 1,943 1,817 48.32%
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LOPEZ HOLDING CORPORATIONVertical Analysis-Comparative Income Statements
December 31, 2014
2014 2013 2014 2013
Revenue 100,654 93,308 100.00% 100.00%
Cost of Revenue 63,507 64,371 63.09% 68.99%
Gross Profit 37,147 28,937 36.91% 31.01%
Operating Expenses 0.00% 0.00%
Sales, General, administrative expenses 13,586 11,593 13.50% 12.42%
Other Operating expenses 3,376 5,698 3.35% 6.11%
Total Operating Expenses 16,962 17,291 16.85% 18.53%
Operating Income 20,185 11,646 20.05% 12.48%
Other Income 526 -804 0.52% 0.86%
Income Before Taxes 20,711 10,842 20.58% 11.62%
Provision for Income Taxes 4,378 3,383 4.35% 3.63%
Net Income From continuing operation 16,333 7,459 16.23% 7.99%
Net Income From discontinuing operation -573 -5,516 0.57% 5.91%
Other -12,000 1,943 11.92% 2.08%
Net Income 3,760 1,943 3.74% 2.08%
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LOPEZ HOLDING CORPORATIONVertical Analysis-Comparative Statement of Financial Position
December 31, 2014
ASSETSCurrent Assets 2014 2013 2014 2013Cash and cash equivalent 46,681 53,433 13.78% 17.47%Short Term Investment 5,335 2,675 1.58% 0.87%Inventories 15,218 13,405 4.49% 4.38%Other current assets 39,292 32,740 11.60% 10.70%Total current assets 106,526 102,253 31.45% 33.42%Non- Current AssetsProperty, plant & equipment 118,938 96,286 35.11% 31.47%GoodwillIntangible Assets 53,971 54,338 15.93% 17.76%Deferred Income Tax 2,064 2,126 0.61% 0.69%Prepaid Pension Benefit 114 0.04%Other Long Term Assets 57,225 50,825 16.89% 16.61%Total Non-Current Asset 232,198 203,689 68.55% 66.58%Total Assets 338,724 305,942 100.00% 100.00%
Liabilities & Shareholder's EquityLiabilitiesCurrent LiabilitiesShort Term Debts 21,126 12,338 6.24% 4.03%Accouts Payable 31,654 9.35%Taxes Payable 928 217 0.27% 0.07%Other Current Liabilities 2,021 28,999 0.60% 9.48%Total current Liabilities 55,729 41,554 16.45% 13.58%Non-Current LiabilitiesLong Term Debt 143,157 137,471 42.26% 44.93%Deferred Taxes Liabilities 3,179 2,835 0.94% 0.93%Accrued LiabilitiesPensions and other Benefit LiabilitiesMinority Interest 87,276 75,907 25.77% 24.81%Other Long Term Liabilities 7,092 7,393 2.09% 2.42%Total Non-Current Liabilities 240,704 223,606 71.06% 73.09%Total Liabilities 296,433 265,160 87.51% 86.67%
Shareholder's EquityPaid-up Capital 54 31 0.02% 0.01%Retained Earnings 44,174 40,112 13.04% 13.11%Accumulated other comprehensive income -1,937 639 0.57% 0.21%
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Total Shareholder's Equity 42,291 40,782 12.49% 13.33%Total Liabilities & shareholder's Equity 338,724 305,942 100.00% 100.00%
Financial Ratios
Profitability
1. Gross Profit Ratio 2014 37,147/100,654 =36.91% 2013 28,937/93,308 =31.01%
2. Operating Ratio 2014 20,185/100,654 =20.05% 2013 11,646/93,308 =12.48%
3. Return on Revenue 2014 3,760/100,654 =3.74% 2013 1,943/93,308 =2.08%
Liquidity
1. Working Capital 2014 106,526-55,729 =50,797 2013 102,253-41,554 =60,699
2. Current Ratio 2014 106,526/55,729 =1.91 : 1 2013 102,253/41,554 =2.46 : 1
3. Asset Turnover 2014 100,654/322,333 =31 times 2013 93,308/305,942 =.3 times
Solvency
1. Debt Ratio 2014 296,433/338,724 =87.51% 2013 265,160/305,942 =86.67%
2. Equity Ratio 2014 42,291/338,724 =12.49% 2013 40,782/305,942 =13.33%