Paxys, Inc.

Statement of Financial Position

As of December 31, 2022

2022

ASSETS

Vertical
Analysis
2022
Current Assets
Cash and cash equivalents 619,546,534.00 45.70%
Investment securities 238,093,419.00 17.56%
Receivables 28,101,531.00 2.07%
Other current assets 12,379,885.00 0.91%
Total Current Assets 898,121,369.00 66.25%

Noncurrent Assets
Investment in subsidiaries and joint venture 425,545,650.00 31.39%
Right-of-use assets 25,173,773.00 1.86%
Property and equipment 300,282.00 0.02%
Other noncurrent assets 6,450,075.00 0.48%
Total Noncurrent Assets 457,469,780.00 33.75%

1,355,591,149.00 100.00%

Liabilities and Equity

Current Liabilities
Trade and other payables 10,268,610.00 0.76%
Current portion of lease liability 7,359,572.00 0.54%
Dividends payable 6,554,030.00 0.48%
Income tax payable 120,382.00 0.01%
Total Current Liabilities 24,302,594.00 1.79%

Noncurrent liabilities
Retirement liability 6,195,032.00 0.46%
Lease liability - net of current portion 18,673,792.00 1.38%
Total Noncurrent Liabilities 24,868,824.00 1.83%
Total Liabilities 49,171,418.00 3.63%

Equity
Capital Stock 1,148,534,866.00 84.73%
Additional paid-in capital 451,364,252.00 33.30%
Other equity reserves - 296,096.00 -0.02%
Deficit - 293,183,291.00 -21.63%
Total Equity 1,306,419,731.00 96.37%

1,355,591,149.00 100.00%
Position
2022

2021

Vertical
Analysis
2021
Horizontal Analysis
847,003,544.00 60.67% -26.85%
34,197,699.00 2.45% 596.23%
40,114,896.00 2.87% -29.95%
9,285,502.00 0.67% 33.32%
930,601,641.00 66.66% -3.49%

425,545,650.00 30.48% 0.00%

33,063,854.00 2.37% -23.86%
397,181.00 0.03% -24.40%
6,462,283.00 0.46% -0.19%
465,468,968.00 33.34% -1.72%

1,396,070,609.00 100.00% -2.90%

10,542,935.00 0.76% -2.60%

7,038,077.00 0.50% 4.57%
6,554,030.00 0.47% 0.00%
1,798.00 0.00% 6595.33%
24,136,840.00 1.73% 0.69%

8,406,021.00 0.60% -26.30%

26,828,728.00 1.92% -30.40%
35,234,749.00 2.52% -29.42%
59,371,589.00 4.25% -17.18%

1,148,534,866.00 82.27% 0.00%

 451,364,252.00 32.33% 0.00%
- 3,047,865.00 -0.22% -90.29%
- 260,152,233.00 -18.63% 12.70%
1,336,699,020.00 95.75% -2.27%

1,396,070,609.00 100.00% -2.90%

 Paxys, Inc.
Statement of Financial Performance
For the Year-Ended December 31, 2023

2022 2021
Interest Income - Net of Amortization 21,543,433.00 11,688,850.00 84.31%
General and Administrative Expenses - 62,143,227.00 - 57,148,429.00 8.74%
Net Foreign Exchange Gain 9,792,700.00 5,861,312.00 67.07%
Interest Expense - 1,217,287.00 - 744,803.00 63.44%
Other Income - net 4,774,330.00 232,121.00 1956.83%
Loss After Income Tax - 27,250,051.00 - 40,110,949.00 -32.06%
Current Income Tax Expense 5,781,007.00 2,339,300.00 147.13%
Net Loss - 33,031,058.00 - 42,450,249.00 -22.19%
Other Comprehensive Income 2,751,769.00 2,096,397.00 31.26%
Total Comprehensive Loss - 30,279,289.00 - 40,353,852.00 -24.97%
Debt to Equity Ratio
Total Liabilities Total Equity Ratio
2022 49,171,418.00 1,306,419,731.00 0.037638
2021 59,371,589.00 1,336,699,020.00 0.044417

Current Ratio
Current Asset Current Liabilities Ratio
2022 898,121,369.00 24,302,594.00 36.95578
2021 930,601,641.00 24,136,840.00 38.55524