Use Samsungs financial statements in Appendix A to compute its return on total assets for fiscal year
Question:
Use Samsung’s financial statements in Appendix A to compute its return on total assets for fiscal year ended December 31, 2017.
Data from Samsung
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Transcribed Image Text:
Samsung Electronics Co., Ltd. and Subsidiaries CONSOLIDATED STATEMENTS OF FINANCIAL POSITION December 31, 2017 December 31, 2016 (In millions of Korean won) Assets KRW KRW Current assets 30,545,130 49,447,696 3,191,375 27,695,995 4,108,961 1,753,673 3,835,219 24.983.355 1,421,060 Cash and cash equivalents Short-term financial instruments Short-term available-for-sale financial assets Trade receivables Non-trade receivables Advance payments Prepaid expenses Inventories 32,111,442 52,432,411 3,638,460 24,279,211 3,521,197 1,439,938 3,502,083 18,353,503 1,315,653 835,806 Other current assets Assets held-for-sale Total current assets 146,982,464 141,429,704 Non-current assets 7,752,180 106,751 6,802.351 111,665,648 14,760,483 3,434.375 Long-term available-for-sale financial assets Held-to-maturity financial assets Investment in associates and joint ventures Property, plant and equipment Intangible assets Long-term prepaid expenses Net defined benefit assets 6,804,276 5,837,884 91,473,041 5,344,020 3,834,831 557,091 5,321,450 1,572,027 825,892 5,061,687 4,360,259 301,752,090 Deferred income tax assets Other non-current assets Total assets 262,174,324 Liabilities and Equity Current liabilities Trade payables Short-term borrow ings Other payables Advances received 9,083,907 15,767,619 13,899,633 1,249,174 793,582 6,485,039 12,746,789 11,525,910 1,358,878 685,028 12,527,300 2,837,353 1,232,817 4,597,417 351,176 356,388 54,704,095 Withholdings Accrued expenses Income tax payable Current portion of long-term liabilities Provisions 13,996,273 7,408,348 278,619 4,294,820 403,139 Other current liabilities Liabilities held-for-sake Total current liabilities 67,175,1 14 Non-current liablities Debentures 58,542 1,244,238 3,317,054 173,656 7,293,514 358,126 2,062,066 69,211,291 953,361 1,814,446 2,043,729 389,922 Long-term borrowings Long-term other payables Net defined benefit liabilities 11,710,781 464324 2,708,985 87,260,662 Deferred income tax liabilities Provisions Other non-current liabilities Total liabilities Equity attribut able to owners of the parent Prekrence shares Ordinary shares Share premium Retained earnings Other components of equity Accumulated other comprehensive income attributable to assets held for-sale 119,467 778,047 4,403,893 215,811,200 (13,899,191) 119,467 778,047 4,403,893 193,086,317 (11,934,586) (28,810) 207,213416 186,424,328 Non-controlling interests Total equity Total linbilities and equity 7,278,012 214,491,428 6,538,705 192.963,033 301.752,090 262,174,324 The above consolidated statement of financial position should be read in conjunction with the accompanying notes. ||||| Samsung Electronics Co., Ltd. and Subsidiaries CONSOLIDATED STATEMENTS OF PROFIT OR LOSS For the year ended December 31 (In millions of Korean won) 2017 2016 KRW KRW Revenue 239,575,376 201,866,745 Cost of sales 129,290,661 120,277,715 81,589 030 52,348,358 29,240672 Gross profit Selling and administrative ex penses Operating profit Other non-operating income Other non-operating expense Share of profit of associates and joint ventures 110,284,715 56,639,677 53,645,038 3,010,657 3,238,261 1,419,648 2,463,814 201,442 19,501 Financial income 9,737,391 11,385,645 Financial expense Profit before income tax Income tax expense Profit for the period 8,978,913 56,195,967 10,706,613 30,713652 14,009,220 42,186,747 7,987,560 22,726,092 Profit attributable to owners of the parent 41,344,569 22,415,655 Profit attributable to non-controlling interests 842,178 310,437 Earnings per share --Basic 299,868 157,967 -Diluted 299,868 157,967 The above consolidated statement of financial position should be read in conjunction with the accompanying notes. Samsung Electronies Co., Ltd. and Subsidiaries CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME For the year ended December 31 (In millions of Korean won) 2017 KRW 2016 KRW Profit for the period 42,186,747 22,726,092 Other comprehensive income (loss) Items not to be reclassified to profit or loss subsequently: Remeasurement of net defined benefit liabilities, net of tax 414,247 963,602 Shares of other comprehensive income (loss) of associates and joint ventures, net of tax Items to be reclassified to profit or loss subsequently: (6,347) 50,438 511,207 (23,839) Changes in value of available-for-sale financial assets, net of tax Share of other comprehensive income (loss) of associates and joint ventures, net of tax Foreign currency translation, net of tax Gain (loss) on valuation of derivatives Other comprehensive income (loss) for the period, net of tax Total comprehensive income for the period (49,256) (6,334,987) (130,337) 1,131,536 (37,121) (5,502,257) 36,684,490 1,991,400 24,717,492 Comprehensive income attributable to: Owners of the parent 35,887,505 24,310,814 Non-controlling interests 796,985 406,678 The above consolidated statement of financial position should be read in conjunction with the accompanying notes.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Return on total asset...View the full answer
Answered By
S Mwaura
A quality-driven writer with special technical skills and vast experience in various disciplines. A plagiarism-free paper and impeccable quality content are what I deliver. Timely delivery and originality are guaranteed. Kindly allow me to do any work for you and I guarantee you an A-worthy paper.
4.80+
27+ Reviews
73+ Question Solved
Related Book For
Question Posted:
Related Video
Financial statements of a business having numerous divisions or subsidiaries are called consolidated financial statements. Companies frequently refer to the aggregated reporting of their entire firm together when using the term \"consolidated\" in financial statement reporting. Consolidated financial statement reporting, on the other hand, is defined by the Financial Accounting Standards Board as the reporting of an entity that is organized with a parent company and subsidiaries.
Students also viewed these Business questions
-
Mifflin Co. reported the following for the current year: net sales of $60,000; cost of goods sold of $38,000; beginning balance in accounts receivable of $14,000; and ending balance in accounts...
-
How would your answer to BE17-20 change if Year 1 income were equal to $100,000? Data from BE17-20 W. Pickett Fence Company incurred a net loss for Year 3. The firm does not have any book-tax...
-
At January 1, 2019, the credit balance in Master Companys Allowance for Doubtful Accounts was $400,000. For 2019, the provision for doubtful accounts is based on a percentage of credit sales. Credit...
-
Explain these points in detail w.r.t application of control in auditing with examples. 1: Relate data capture control with internal control in auditing with example 2: Relate validation control with...
-
Why are vineyards planted along lakeshores or riverbanks in cold climates?
-
Find the standard equation of the circle. 1 1234
-
If your instructor assigns a marketing plan for your class, we hope you will be excitedfor two reasons. First, you will get insights into trying to actually do marketing that often go beyond what you...
-
The following represent a hospitals inows and outows of cash: Patient service fees received Government grants for operating purposes Government grants for specic research programs Contribution...
-
Give any statement as an example to explain data manipulation language nature of SQL.?
-
Acting as an outside consultant, what would you recommend that Pepe do? Given the data in the case, perform a financial analysis to evaluate the alternatives that you have identified. (Assume that...
-
Refer to Samsungs financial statements in Appendix A. Compute its debt ratio as of December 31, 2017,and December 31, 2016. Data from Samsung Samsung Electronics Co., Ltd. and Subsidiaries...
-
Pritchett Co. reported the following year-end data: cash of $15,000; short-term investments of $5,000; accounts receivable (current) of $8,000; inventory of $20,000; prepaid (current) assets of...
-
What is a sales call plan? Explain how it is used.
-
Rose, a single parent, has two children ages 10 and 13. She earned $26,000 in 2019, and her investments eamed $2,000 Interest income. Taxable income on her 2019 return was $20,000. After applying her...
-
How can one identify one term plan goal from the list that they are imagining they are working on as well as identifying at least one support activity such as Capstone Intensive that will best assist...
-
Village Farms is a North American green-house producer of tomatoes. VFF operates four greenhouses: three in Texas and one in British Columbia. The combined area under cultivation is 220 acres. Last...
-
Thelma and Louise were taking a road trip to escape their dreary lives when they were involved in a serious car accident. They come to you for representation and want you to represent both of them in...
-
Suppose you are exactly 25 years old and you are planning to save for your retirement which will happen in 40 years. You plan to deposit equal amount at the beginning of each month in your retirement...
-
At January 1, 2018, NCI Industries, Inc., was indebted to First Federal Bank under a $240,000, 10% unsecured note. The note was signed January 1, 2014, and was due December 31, 2019. Annual interest...
-
Dan and Diana file a joint return. Dan earned $31,000 during the year before losing his job. Diana received Social Security benefits of $5,000. a. Determine the taxable portion of the Social Security...
-
Atlas Co. allows select customers to make purchases on credit. Its other customers can use either of two credit cards: Zisa or Access. Zisa deducts a 3% service charge for sales on its credit card,...
-
Describe the direct method of reporting cash flows from operating activities.
-
Describe the indirect method of reporting cash flows from operating activities.
-
3. A piece of wire is to be bent in the form of a rectangle to put around a picture frame. The length of the picture frame is 1.5 times the width. If you are given the length of the wire to be 10...
-
1. Convert the following 2s complement binary numbers to decimal numbers. (25 points) a. 10110101 b. 01110101 C. 11110110 d. 00011001 e. 10101010
-
Research how companies have benefitted from SEO efforts. Find a minimum of three case studies - . (bank saxo, all state insurance, and td bank). In your own words, explain their SEO scenario and how...
Study smarter with the SolutionInn App