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Question 4 (45 marks). Statement of Financial Performance for year financial year ended December 31. 2020 2019 2018 Revenue/Sales... 2 2 2 Cost of sales Gross profit (10,971,463) 110,609 240) 11.238,041) 9.134,036 7,127,059 6,279.834 (2.332.4821 12.454,0311 (2.136.888) 6,801,554 4,673,028 4,142,946 Operating expenses Operating earnings before other income (expenses), net (506,840) Other (expenses) income, net Operating earings 1420,257) 31.183 6,294,714 4,252,771 4,174,129 Financial income .. 10,363 11,698 12,442 Financial expenses (665,438) (811.755) (10602751 (881,740) 1640,3621 2,742,367 Loss on foreign exchange Eorings before taxation Taxation charge NET INCOME (212,625) 4,433,047 (853.736) 1.228,1411 3,204.906 3,308,508 1828,568) 2.479.940 1.888,631 Statement of Financial Position as at December 31 2020 2019 2018 CURRENT ASSETS Cash at bank and on hand 513,092 544,549 413.781 Trade accounts receivable.net 141,401 509,424 344.590 Other accounts receivable 86,967 76,958 250.267 Inventories, net 2.370,708 2,208,560 1.719.239 Accounts recevable from alto ni Accounts receivable from related parties 150,057 73,648 58,294 Accounts receivable from subsidiaries 2.733 148,860 Other current assets 74,109 56,103 103,606 Total current assets 3,339,067 3,469,242 3,038,637 NON-CURRENT ASSETS Other investments 0,000 4.000 22,981,205 23,629,432 Property, machinery and equipment, net Accounts receivable from related parties 23,674,963 1,521 Total non-current assets . 22.982,726 23,629.432 TOTAL ASSETS 23,678,963 26.717,600 26,321,793 27.098,674 CURRENT LIABILITIES 1,108,114 673,027 826.647 Other financial obligations Trade payables Accounts payable to related parties Accounts payable to subsidiary 3,053,952 2,467,376 1,953,019 585,169 527 383 749.734 *** 3.106 Other current liabilities 1,839,006 284.872 907 248 Total current liabilities 6,586,241 4,955,764 4,436,648 NON-CURRENT LIABILITIES Long-term debt 4.442.650 9.155.656 11.387,028 1122416 2.496.746 3021 805 Other financial obligations Employee benefits Deferred tax liabilities 882 360 839.047 832804 1700.957 1285723 614. 128 Long-term counts payable to related parties 207 Other non-current liabilities 502 54094 Deferred tax liabilities 1.700,957 1.285,723 614,128 4.207 Long-term accounts payable to related parties Other non-current liabilities ........ 50,121 54,094 8,198,504 13.835,473 15,855,765 Total non-current liabilities TOTAL LIABILITIES 14,784.745 18,791,237 20.292,413 STOCKHOLDERS' EQUITY 1.808.837 1.808,837 1,808,837 Share capital: Ordinary stock units Capital contribution Reserves: Realised capital gain. 3,839.090 3.839,090 3.839.090 1.413,656 1,413,656 1.413.656 Other reserves 1.254,506 1.254,506 350.864 Accumulated net income (losses 1.910.809 18.6521 (987,260) 11.537.048 8.307.437 6.425.187 Total stockholders' equity TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 26.321.793 27.098.674 26,717,600 The 1.808 837 issued shares have a por value of $1.00 each Accumulated net income fosses) for 2017 ($3.879.626) In addition, the following information were also available from the stock trading sheets for all three year. 2020 2019 2018 2017 7275 42.75 32.67 Stock price as of January 31 Stock price os of December 31 62.81 83.41 30.00 42.40 The financial statements et out above were extracted from the published accounts Comatico Ltd a manufacturing company leted on the local Stock Exchange Required You are the Credit Omer CN a local commercial bank. Cometico has now approach your institution for credit support al uing the curent ratio at the only measure, would you have loaned $3.500.000 to this company in 2000* Show all worong using the three-year trend to support you conclusion b) Cometico had a fire on January 1, 2021 that destroyed much of productive capacity that will take about 2 years to rebuid, and 80% of its rode payables reprocent 755 of the receivables of one of your other cutomers what action would you take as relate to the latter customer fel Uung grou profit margin as the measure for at me year.ttate whether or not you believe that this company operating na highly competitive marketer mon di Calculate the man score for the three althe years. Show all wonings to support your conclusions (W to four decimal places al Comment on the core foc cach of these three years te the result of your score calculation to decide whether or not you would have loned $3.500.000 to the company in 2030 10 Bination in 2021 do you beleve that thorno ders who are holding the stock rom 2017 are happy inti Loome Relum or Equity for all three years Question 4 (45 marks). Statement of Financial Performance for year financial year ended December 31. 2020 2019 2018 Revenue/Sales... 2 2 2 Cost of sales Gross profit (10,971,463) 110,609 240) 11.238,041) 9.134,036 7,127,059 6,279.834 (2.332.4821 12.454,0311 (2.136.888) 6,801,554 4,673,028 4,142,946 Operating expenses Operating earnings before other income (expenses), net (506,840) Other (expenses) income, net Operating earings 1420,257) 31.183 6,294,714 4,252,771 4,174,129 Financial income .. 10,363 11,698 12,442 Financial expenses (665,438) (811.755) (10602751 (881,740) 1640,3621 2,742,367 Loss on foreign exchange Eorings before taxation Taxation charge NET INCOME (212,625) 4,433,047 (853.736) 1.228,1411 3,204.906 3,308,508 1828,568) 2.479.940 1.888,631 Statement of Financial Position as at December 31 2020 2019 2018 CURRENT ASSETS Cash at bank and on hand 513,092 544,549 413.781 Trade accounts receivable.net 141,401 509,424 344.590 Other accounts receivable 86,967 76,958 250.267 Inventories, net 2.370,708 2,208,560 1.719.239 Accounts recevable from alto ni Accounts receivable from related parties 150,057 73,648 58,294 Accounts receivable from subsidiaries 2.733 148,860 Other current assets 74,109 56,103 103,606 Total current assets 3,339,067 3,469,242 3,038,637 NON-CURRENT ASSETS Other investments 0,000 4.000 22,981,205 23,629,432 Property, machinery and equipment, net Accounts receivable from related parties 23,674,963 1,521 Total non-current assets . 22.982,726 23,629.432 TOTAL ASSETS 23,678,963 26.717,600 26,321,793 27.098,674 CURRENT LIABILITIES 1,108,114 673,027 826.647 Other financial obligations Trade payables Accounts payable to related parties Accounts payable to subsidiary 3,053,952 2,467,376 1,953,019 585,169 527 383 749.734 *** 3.106 Other current liabilities 1,839,006 284.872 907 248 Total current liabilities 6,586,241 4,955,764 4,436,648 NON-CURRENT LIABILITIES Long-term debt 4.442.650 9.155.656 11.387,028 1122416 2.496.746 3021 805 Other financial obligations Employee benefits Deferred tax liabilities 882 360 839.047 832804 1700.957 1285723 614. 128 Long-term counts payable to related parties 207 Other non-current liabilities 502 54094 Deferred tax liabilities 1.700,957 1.285,723 614,128 4.207 Long-term accounts payable to related parties Other non-current liabilities ........ 50,121 54,094 8,198,504 13.835,473 15,855,765 Total non-current liabilities TOTAL LIABILITIES 14,784.745 18,791,237 20.292,413 STOCKHOLDERS' EQUITY 1.808.837 1.808,837 1,808,837 Share capital: Ordinary stock units Capital contribution Reserves: Realised capital gain. 3,839.090 3.839,090 3.839.090 1.413,656 1,413,656 1.413.656 Other reserves 1.254,506 1.254,506 350.864 Accumulated net income (losses 1.910.809 18.6521 (987,260) 11.537.048 8.307.437 6.425.187 Total stockholders' equity TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 26.321.793 27.098.674 26,717,600 The 1.808 837 issued shares have a por value of $1.00 each Accumulated net income fosses) for 2017 ($3.879.626) In addition, the following information were also available from the stock trading sheets for all three year. 2020 2019 2018 2017 7275 42.75 32.67 Stock price as of January 31 Stock price os of December 31 62.81 83.41 30.00 42.40 The financial statements et out above were extracted from the published accounts Comatico Ltd a manufacturing company leted on the local Stock Exchange Required You are the Credit Omer CN a local commercial bank. Cometico has now approach your institution for credit support al uing the curent ratio at the only measure, would you have loaned $3.500.000 to this company in 2000* Show all worong using the three-year trend to support you conclusion b) Cometico had a fire on January 1, 2021 that destroyed much of productive capacity that will take about 2 years to rebuid, and 80% of its rode payables reprocent 755 of the receivables of one of your other cutomers what action would you take as relate to the latter customer fel Uung grou profit margin as the measure for at me year.ttate whether or not you believe that this company operating na highly competitive marketer mon di Calculate the man score for the three althe years. Show all wonings to support your conclusions (W to four decimal places al Comment on the core foc cach of these three years te the result of your score calculation to decide whether or not you would have loned $3.500.000 to the company in 2030 10 Bination in 2021 do you beleve that thorno ders who are holding the stock rom 2017 are happy inti Loome Relum or Equity for all three years

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