1.Analyze the financial statements from the reporting perspective. Is there anything unusual or incorrect? Are you missing...
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1.Analyze the financial statements from the reporting perspective. Is there anything unusual or incorrect? Are you missing any key pieces of information or unexpected balances?
2. Assuming the statements are correct, propose at least three KPIs to evaluate the financial performance of the company, calculate the chosen KPIs and comment on the result.
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SFr.15,640,051.80 Balance Sheet End of Dec 2021 Financial Rov Amount Current Assets Bank Total Bank SFr.29,081,822.40 Accounts Receivable Total Accounts Receivable SFr.2,628,931.27 Unbilled Receivable 1301 - Accrued revenue (Google Adsense Revenue) SFr.78,945.51 SFr.78,945.51 Total Unbilled Receivable Other Current Asset 1191 - Rent deposit 1300 - Prepaid expenses Total Other Current Asset Total Current Assets SFr.332,714.84 SFr.1,287,626.69 SFr.1,620,341.53 SFr.33,410,040.70 Fixed Assets 1510 Office furniture and equipment SFr.244,109.28 SFr.807,530.54 1520 - IT hardware 1530 - New Office furniture, equipment and construction 1590 - Acc. Depreciation 1591 - Acc. Depreciation - Office Furniture and equipment SFr.902,639.61 -SFr.106,742.92 1592 - Acc. Depreciation - IT Hardware 1593 - Acc. Depreciation - New office furniture, equip. and con. Total - 1590 - Acc. Depreciation -SFr.326,459.10 -SFr.224,464.51 -SFr.657,666.53 SFr.1,296,612.90 Total Fixed Assets Current Liabilities Accounts Payable 2000 - Accounts Payable Total Accounts Payable SFr.663,861.80 SFr.663,861.80 Credit Card SFr.328.18 2213 - Credit Card Payable 9011 CHF Total Credit Card Other Current Liability 2200.2 - EU VAT Due (sales) 2200.4 - GB VAT Due (Sales) 2201 - CH VAT according to VAT report 2208 - Accrued income taxes 2270 - Payables OASI contribution CH 2271 - Payables pension fund 2273 - Payables accident insurance 2274 - Payables sickness insurance 2279 - Payables withholding tax CH 2300 - Accrued expenses 2301 - Next year's revenues collected 2371 - Provisions profit sharing 2391 - Other short-term provisions Total Other Current Liability SFr.328.18 SFr.442,080.68 SFr.140,553.12 -SFr.195,871.31 SFr.5,454,714.52 -SFr. 12,629.01 SFr.3,074.95 SFr.35,041.30 SFr.32,577.66 SFr.1,386,931.13 SFr.334,084.32 SFr.9,318,098.02 SFr.178,393.64 Total Liabilities Current Assets Less Current Liabilities Total Assets Less Current Liabilities SFr.18,064,363.47 SFr.15,345,677.24 SFr.16,642,290.14 SFr.16,642,290.14 Total Assets Less Total Liabilities Capital and Reserves Capital and Reserves 2800 - Share capital, rights, foundation capital 2950 - Legal reserve from profit 2970 - Profit / Loss carried forward SFr.0.00 SFr.172,345.58 SFr.86,172.00 SFr.910,174.38 SFr.1,168,691.96 Total - Capital and Reserves Retained Earnings Net Income Total Capital and Reserves SFr.0.00 SFr.16,808,743.76 SFr.15,640,051.80 Balance Sheet End of Dec 2021 Financial Rov Amount Current Assets Bank Total Bank SFr.29,081,822.40 Accounts Receivable Total Accounts Receivable SFr.2,628,931.27 Unbilled Receivable 1301 - Accrued revenue (Google Adsense Revenue) SFr.78,945.51 SFr.78,945.51 Total Unbilled Receivable Other Current Asset 1191 - Rent deposit 1300 - Prepaid expenses Total Other Current Asset Total Current Assets SFr.332,714.84 SFr.1,287,626.69 SFr.1,620,341.53 SFr.33,410,040.70 Fixed Assets 1510 Office furniture and equipment SFr.244,109.28 SFr.807,530.54 1520 - IT hardware 1530 - New Office furniture, equipment and construction 1590 - Acc. Depreciation 1591 - Acc. Depreciation - Office Furniture and equipment SFr.902,639.61 -SFr.106,742.92 1592 - Acc. Depreciation - IT Hardware 1593 - Acc. Depreciation - New office furniture, equip. and con. Total - 1590 - Acc. Depreciation -SFr.326,459.10 -SFr.224,464.51 -SFr.657,666.53 SFr.1,296,612.90 Total Fixed Assets Current Liabilities Accounts Payable 2000 - Accounts Payable Total Accounts Payable SFr.663,861.80 SFr.663,861.80 Credit Card SFr.328.18 2213 - Credit Card Payable 9011 CHF Total Credit Card Other Current Liability 2200.2 - EU VAT Due (sales) 2200.4 - GB VAT Due (Sales) 2201 - CH VAT according to VAT report 2208 - Accrued income taxes 2270 - Payables OASI contribution CH 2271 - Payables pension fund 2273 - Payables accident insurance 2274 - Payables sickness insurance 2279 - Payables withholding tax CH 2300 - Accrued expenses 2301 - Next year's revenues collected 2371 - Provisions profit sharing 2391 - Other short-term provisions Total Other Current Liability SFr.328.18 SFr.442,080.68 SFr.140,553.12 -SFr.195,871.31 SFr.5,454,714.52 -SFr. 12,629.01 SFr.3,074.95 SFr.35,041.30 SFr.32,577.66 SFr.1,386,931.13 SFr.334,084.32 SFr.9,318,098.02 SFr.178,393.64 Total Liabilities Current Assets Less Current Liabilities Total Assets Less Current Liabilities SFr.18,064,363.47 SFr.15,345,677.24 SFr.16,642,290.14 SFr.16,642,290.14 Total Assets Less Total Liabilities Capital and Reserves Capital and Reserves 2800 - Share capital, rights, foundation capital 2950 - Legal reserve from profit 2970 - Profit / Loss carried forward SFr.0.00 SFr.172,345.58 SFr.86,172.00 SFr.910,174.38 SFr.1,168,691.96 Total - Capital and Reserves Retained Earnings Net Income Total Capital and Reserves SFr.0.00 SFr.16,808,743.76
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As per the Financial reporting perspective the following are the unusual or unexpected balances 1 13... View the full answer
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