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FEBRUARY 540000 9
DECEMBER 720000 12
D ONLY
SALES REVENUE
3748800000
4752000000
6230400000
3960000000
4276800000
2640000000
2217600000
1742400000
3590400000
6916800000
6388800000
6336000000
52800000000
INCOME STATEMENT FOR YEAR END DECEMBER 2000 vs 2001 (PRIVATE BRAND ON
Change 60000000
42865152
50000000
-46177560
40000000
-3312408
30000000
9684133
20000000
-12996541
10000000
-4155980 0
-2496097
-2323561
-2376000
0
-1644903 2000 2001
-657961
-986942
001 (PRIVATE BRAND ONLY)
b. CASH WHEEL
Estimating Net Cash Flows From Company Operations
CASH WHEEL
EBITDA 8416519
The next step is to calculate the accounting variables in ROE Wheel following that our financial data report shows th
calculation is as follows:
Net Income/
ROE shareholder’s 0.212269344
equity
Year 2000 =
1945632.6/916586
9
Year 2001 =
958690.8/9165869
Net Income/
ROCE 0.06
Capital Employed
Year 2000 =
1945632.6/341658
69
Year 2001 =
958690.8/3416586
9
Sales/ (Current
Working Capital Turn Over assets- current 3.99
liabilities)
Year 2000=
56112408 /
(14546280-
487331)
Year 2001 =
528000000 /
(18011340-
1318691)
Sales / Property,
Fixed Asset Turn Over 1.32
plant & Equipment
Year 2000 =
56112408/
42374000
Year 2001=
528000000/
42374000
thousands of Italian Liras)
2001
9195909
0
0
8815431
27473220
45484560
2001
131691
25000000
10000000
9165869
45484560
0.1045935743
0.03
3.16
1.25