Veda Co

Statement of Financial Position

As at 31st December
Current year Previous year
in USD million Note Y3 Y2 Y1

ASSETS
Non-current assets
Property, plant and equipment 40,471 34,554 27,831
Intangible assets 14,346 12,209 10,849
Deferred tax assets 4,691 3,642 2,719
Loans granted 2,198 1,368 318
Total non-current assets 61,706 51,773 41,717

Current assets
Inventories 25,369 23,758 23,432
Trade and other receivables 26,247 24,617 26,115
Marketable securities 3,346 3,129 3,045
Cash and cash equivalents 15,945 13,497 12,998
Total current assets 70,907 65,001 65,590
Total assets 132,613 116,774 107,307

EQUITY AND LIABILITIES

Capital and reserves attributable to owners
Common share capital 14,867 12,802 10,345
Additional paid-in capital 11,802 11,980 13,802
Retained earnings 68,850 44,752 10,390
Total equity 95,519 69,534 34,537

Liabilities
Non-current liabilities
Long-term debt 16,082 20,994 25,781
Deferred tax liabilities 797 793 669
Retirement benefit obligations 522 421 377
Total non-current liabilities 17,401 22,208 26,827

Current liabilities
Short-term debt 10,583 14,022 27,970
Trade and other payables 8,799 10,848 17,802
Current income tax liabilities 311 162 171
Total current liabilities 19,693 25,032 45,943
Total liabilities 37,094 47,240 72,770
Total equity and liabilities 132,613 116,774 107,307

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Veda Co
Statement of Comprehensive Income
For the Year Ended 31st December

Current year Previous year

in USD million Note Y3 Y2

Revenue
Sales revenue 390,504 372,829
Other revenue from operating activity 9,341 8,312
Total Revenue 399,845 381,141

Cost of Goods Sold (COGS) (150,292) (138,616)

Gross Profit 249,553 242,525

Administrative expenses (55,349) (54,906)

Selling expenses (27,612) (25,990)
Marketing expenses (43,041) (42,032)
Total operating expenses (126,002) (122,928)

Operating profit (EBIT) 123,551 119,597

Interest expense (12,725) (12,992)

Profit before tax (EBT) 110,826 106,605

Income tax expense (20,128) (18,643)

Net income 90,698 87,962

Common shares outstanding 20,000 20,000

Common dividend per share ($) 3.33 2.68
Total dividends declared & paid 66,600 53,600
Share price (in $) 2.95 2.15
Market capitalization 59,000 43,000
* lease payments = (3,200) (3,400)
* There are no preferred dividends delcared or paid