Question: Balance sheet 2020 2019 2018 Assets Non - Current Assets Intangible assets 5,158 5,550 5,977 Equipment and vehicles 22,996 24,156 5,818 Total non - Current
| Balance sheet | 2020 | 2019 | 2018 |
| Assets | |||
| Non - Current Assets | |||
| Intangible assets | 5,158 | 5,550 | 5,977 |
| Equipment and vehicles | 22,996 | 24,156 | 5,818 |
| Total non - Current Assets | 28,154 | 29,706 | 11,795 |
| Current Assets | |||
| Inventories | 344 | 327 | 335 |
| Trade receivables | 1,568 | 1,437 | 1,665 |
| Prepayments and other receivables | 431 | 508 | 724 |
| Due from related parties | 1,174 | 1,260 | 784 |
| Deposits | 29,106 | 21,549 | 19,668 |
| Cash and cash equivalents | 1,184 | 3,109 | 3,998 |
| Total Current Assets | 33,807 | 28,190 | 27,174 |
| Total Assets | 61,961 | 57,896 | 38,969 |
| Equity and Liabilites | |||
| Equity | |||
| Share capital | 9,000 | 9,000 | 9,000 |
| Statutory reserve | 4,500 | 4,500 | 4,493 |
| Retained earnings | 13,662 | 10,161 | 9,850 |
| Total Equity | 27,162 | 23,661 | 23,343 |
| Liabilities | |||
| Non - Current Liabilites | |||
| Lease liability | 25,276 | 26,124 | 8,015 |
| Employees benefits | 680 | 576 | 505 |
| Total Non - Current liabilities | 25,956 | 26,700 | 8,520 |
| Current liabilites | |||
| Trade and other payables | 7,245 | 6,043 | 6,572 |
| Due to related parties | 376 | 395 | 359 |
| Lease liability | 1,222 | 1,097 | 175 |
| Total Current Liabilities | 8,843 | 7,535 | 7,106 |
| Total liabilities | 34,799 | 34,235 | 15,626 |
| Total equity and liabilities | 61,961 | 57,896 | 38,969 |
| INCOME STATEMENT | 2020 | 2019 | 2018 |
| Revenue | 43,187 | 38,164 | 38,191 |
| Direct operating expense | -14,385 | -13,409 | -13,541 |
| Gross profit | 28,802 | 24,755 | 24,650 |
| Other operating income | 73 | 77 | 58 |
| Gain on diaposal of equipment and vehicles | 1 | 19 | 2 |
| General and administrative expenses | -3,891 | -3,934 | -3,325 |
| Other operating expenses | -10,792 | -9,469 | 10,186 |
| Operating profit | 14,193 | 11,448 | 10,870 |
| Finance income | 515 | 587 | 293 |
| Finance expense | -1,849 | -1,850 | -703 |
| Net finance costs | -1,334 | -1,263 | -410 |
| Other income | 803 | - | - |
| Profit for the year | 13,662 | 10,185 | 10,460 |
| Other comprehensive income | - | - | - |
| Total comprehensive income for the year | 13,662 | 10,185 | 10,460 |
| Earnings per share | - | - | - |
| Basic and diluted earnings per share (in fils) | 152 | 113 | 116 |
| cash flow statement | 2020 | 2019 | 2018 |
| CASH FLOWS FROM OPERATING ACTIVITIES profit for the year | 13,662 | 10,185 | 10,460 |
| Adjusted for: | |||
| Amortisation | 392 | 427 | 427 |
| Depreciation | 2,178 | 2,244 | 1,444 |
| Finance expense | 1,849 | 1,850 | 703 |
| Fair value gain on deivative | -12 | 29 | - |
| Gain on sale of equipment and vehicles | -1 | -19 | -2 |
| Changes in: | |||
| Inventories | -17 | 8 | -16 |
| Trade receivables | -165 | 74 | -489 |
| prepayments and other receivables | 209 | -77 | -160 |
| Trade and other payables | 1,186 | -681 | -126 |
| Employee leaving indemnities | 104 | 71 | 135 |
| Net cash generated from operating activities | 19,385 | 14,053 | 12,376 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchase of equipment and vehicles | -658 | -556 | -180 |
| Balances with Group Treasury, net | -7,557 | -1,881 | -9399 |
| Proceeds from disposal of equipment and vehicles | 1 | 19 | 2 |
| Net cash used in investing activities | -8,214 | -2,418 | -9577 |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Payment of lease liabiblity | -1,110 | -922 | -140 |
| Payment of finance expense | -1,825 | -1,754 | -703 |
| Payment for purchase of treasury shares | - | -700 | - |
| Proceeds from sale of treasury shares | - | 683 | - |
| Dividend paid | -10,161 | -9,831 | - |
| Net cash used in financing activities | -13,096 | -12,524 | -843 |
| Net decrease in cash and cash equivalents during the year | -1,925 | -889 | 1,956 |
| Cash and cash equivelants at beginning of the year | 3,109 | 3,998 | 2,042 |
| Cash and cash equivelants at end of the year | 1,184 | 3,109 | 3,998 |
Q1-solve the 4 main ratios in full (profitability ratio, liquidity ratio, efficiency ratio, and leverage ratio):
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