Assets 2018 2017 Noun-current Asset: Property ,...

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Finance

Assets

2018

2017

Noun-current Asset:

Property , plant, and equipment

995,510

1,011,694

Available for sale investments

176,495

197,069

Total non non-current assets

1,172,005

1,208,763

Current Asset:

Investment

16,902

16,902

Trade receivables

_

_

Amounts due from related parties

442

442

Cash at bank and on hand

_

_

Total current asset

17,334

17,334

Total assets

1,189,349

1,226,107

Equity and liabilities

Shareholders equity:

Share capital

1,000,000

1,000,000

Legal reserve

1,191

1,191

Accumulated losses

(3,357,038)

(3,124,801)

Fair value reserve

105,969

126,543

Total Shareholders equity

(2,249,878)

(1,997,076)

Current Liability :

Borrowings

3,135,310

2,904,036

trade and other payables

104,609

108,389

Amounts due to related parties

199,204

210,749

Total current liabilities

3,439,123

3,223,174

Total equity and liabilities

1,189,245

1,226,107

NET ASSETS VALUE PER SHARE

(2.250)

(1.997)

2018

2017

Income

Other operating income

54,052

50,262

EXPENSES:

General and administrative

(47,019)

expenses

(94,088)

Finance costs

(239,270)

(216,326)

Total expenses

(286,289)

((260,152))

Loss before taxation

(232,237)

(260,152)

Income tax expense

Loss for the year

Other comprehensive income:

Change in fair value of available for sale Investments

(20,574)

15,294

TOTAL COMPREHENSIVE LOSS FOR THE YEAR

(252,811)

(244,858)

LOSS PER SHARE

(0/232)

(0/260)

Risk Analysis:

Quick Ratio (Acid Test Ratio).

Working capital Activity ratio.

Long-Term Solvency Risk- Debt Ratios:

L.T. Debt Ratio.

Debt/Equity Ratio.

L.T. Debt/Asset Ratio.

Multiple Discriminant Analysis:

Altman's Z-Score.

Answer & Explanation Solved by verified expert
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