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  • Exemplar Company. Suico

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    Sofia Russel Mae Suico
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    This document is the statement of financial position for Exemplar Company as of December 31, 2018. It lists the company's total assets as $12.9 million, including current assets of $2.79 million in cash, securities, receivables, inventory, and prepaid expenses. Non-current assets include $5.3 million in property and equipment, $1.36 million in long-term investments, $3.35 million in intangible assets, and $100,000 in other assets. Total liabilities are $5.9 million, including $700,000 in current liabilities and $5.3 million in non-current liabilities. Shareholders' equity is $6.3

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    This document is the statement of financial position for Exemplar Company as of December 31, 2018. It lists the company's total assets as $12.9 million, including current assets of $2.79 million in cash, securities, receivables, inventory, and prepaid expenses. Non-current assets include $5.3 million in property and equipment, $1.36 million in long-term investments, $3.35 million in intangible assets, and $100,000 in other assets. Total liabilities are $5.9 million, including $700,000 in current liabilities and $5.3 million in non-current liabilities. Shareholders' equity is $6.3

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    2K views4 pages

    Exemplar Company. Suico

    Uploaded by

    Sofia Russel Mae Suico
    This document is the statement of financial position for Exemplar Company as of December 31, 2018. It lists the company's total assets as $12.9 million, including current assets of $2.79 million in cash, securities, receivables, inventory, and prepaid expenses. Non-current assets include $5.3 million in property and equipment, $1.36 million in long-term investments, $3.35 million in intangible assets, and $100,000 in other assets. Total liabilities are $5.9 million, including $700,000 in current liabilities and $5.3 million in non-current liabilities. Shareholders' equity is $6.3

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 4

    EXEMPLAR COMPANY

    Statement of Financial Position


    As of December 31, 2018

    ASSETS
    Current Assets
    Cash and cash equivalent 500,000.00
    Trading securities 280,000.00
    Trade and other receivables
    Accounts receivable 400,000.00
    Allowance for doubtful accounts (20,000.00)
    Notes receivable 250,000.00
    Accrued interest on notes receivable 10,000.00 640,000.00
    Inventories 1,300,000.00
    Prepaid expenses 70,000.00
    Total current assets

    Non-current asset
    Property, plant and equipment
    Land 1,500,000.00
    Building 5,000,000.00
    Accumulated depreciation-building (2,000,000.00) 3,000,000.00
    Equipment 1,000,000.00
    Accumulated depreciation-equipment (200,000.00) 800,000.00 5,300,000.00
    Long-term investments
    Sinking fund 400,000.00
    Preference share redemption fund 350,000.00
    Long-term refundable deposit 50,000.00
    Cash surrender value 60,000.00
    Land held for speculation 500,000.00 1,360,000.00
    Intangible Asset
    Lease rights 100,000.00
    Computer software 3,250,000.00 3,350,000.00
    Other assets
    Advances to officers 100,000.00 100,000.00
    Total non-current assets
    Total assets

    LIABILITIES AND SHAREHOLDERS' EQUITY


    Current Liabilities
    Accounts payable 400,000.00
    Accrued salaries 100,000.00
    SSS payable 10,000.00
    Withholding tax payable 30,000.00
    Unearned rent income 40,000.00
    Dividends payable 120,000.00
    Total current liabilities

    Non-current liabilities
    Notes Payable 300,000.00
    Bonds payable 5,000,000.00
    Premium on bonds payable 1,000,000.00
    Total non-current liabilities

    Shareholder's equity
    Ordinary share capital 5,000,000.00
    Preference share capital 2,000,000.00
    Share premium
    Share premium-ordinary 200,000.00
    Share premium-preference 500,000.00 700,000.00
    Retained earnings (deficit) (1,800,000.00)
    Total shareholder's equity
    Total liability and shareholder's equity
    2,790,000.00

    10,110,000.00
    12,900,000.00
    700,000.00

    6,300,000.00

    5,900,000.00
    12,900,000.00

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