Long-term Orientation in the Benedictine Monastery of Admont

• Calculate the current ratio, debt ratio, profit margin, and inventory turnover of the company.
• Explain what each calculated ratio tells you about how well (or poorly) the company is performing.

  

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EXHIBIT 1: STIA HOLZINDUSTRIE GMBH BALANCE SHEET (STRUCTURED AS REQUIRED BY AUSTRIAN ACCOUNTING STANDARDS, IN MILLIONS OF EUROS) 31/12/2013 31/12/2012 Long-term intangible assets Long-term tangible assets Financial assets Fixed assets 2.4 2.6 12.0 10.2 0.4 13.0 19.4 0.3 14.9 21.1 Inventory Accounts receivable Cash/bank 2.7° 0.8 22.9 0.9 3.1 0.1 24.3 0.8 Current assets Prepaid expenses TOTAL ASSETS 36.8 40.0 Share capital Accumulated profits Own funds 2.1 2.1 4.5 6.6 6.5 8.6 Subsidies Provisions/accruals 0.5 2.8 2.5 4.2 0.7° Bank debt 10.8 0.5 Accounts payable Liabilities toward affiliated companies Other liabilities Total liabilities 21.8d 0.7 27.4 16.4 0.8 28.5 40.0 TOTAL EQUITY AND LIABILITIES 36.8 * 100% of accounts receivable are short term (< 1 year) 100% of bank debts are short-term loans (< 1 ear) € 100% of accounts payable are short term (< 1 year) d 11.9% of liabilities toward affiliated companies are short term (< 1 year) EXHIBIT 1: STIA HOLZINDUSTRIE GMBH BALANCE SHEET (STRUCTURED AS REQUIRED BY AUSTRIAN ACCOUNTING STANDARDS, IN MILLIONS OF EUROS) 31/12/2013 31/12/2012 Long-term intangible assets Long-term tangible assets Financial assets Fixed assets 2.4 2.6 12.0 10.2 0.4 13.0 19.4 0.3 14.9 21.1 Inventory Accounts receivable Cash/bank 2.7° 0.8 22.9 0.9 3.1 0.1 24.3 0.8 Current assets Prepaid expenses TOTAL ASSETS 36.8 40.0 Share capital Accumulated profits Own funds 2.1 2.1 4.5 6.6 6.5 8.6 Subsidies Provisions/accruals 0.5 2.8 2.5 4.2 0.7° Bank debt 10.8 0.5 Accounts payable Liabilities toward affiliated companies Other liabilities Total liabilities 21.8d 0.7 27.4 16.4 0.8 28.5 40.0 TOTAL EQUITY AND LIABILITIES 36.8 * 100% of accounts receivable are short term (< 1 year) 100% of bank debts are short-term loans (< 1 ear) € 100% of accounts payable are short term (< 1 year) d 11.9% of liabilities toward affiliated companies are short term (< 1 year)