Did the company's assets, liabilities and net worth increase in 2021? What observations and insights can...

 

 

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Did the company's assets, liabilities and net worth increase in 2021? What observations and insights can you draw by reading the company's financial statements? SAN MIGUEL CORPORATION SEPARATE STATEMENTS OF FINANCIAL POSITION DECEMBER 31, 2021 AND 2020 (In Millions) ASSETS Current Assets Cash and cash equivalents Receivables - net Prepaid expenses and other current assets Total Current Assets Noncurrent Assets Investments and advances - net Property, plant and equipment - net Right-of-use assets - net Investment property - net Deferred tax assets - net Other noncurrent assets - net Total Noncurrent Assets LIABILITIES AND EQUITY Current Liabilities Loans payable Accounts payable and accrued expenses Income and other taxes payable Subscriptions payable Dividends payable Current maturities of long-term debt-net of debt issue costs Total Current Liabilities Equity Capital stock - common Capital stock preferred Additional paid-in capital Capital securities Equity reserves Retained earnings Treasury stock Total Equity Note 4, 5, 28, 29 4, 6, 22, 24, 28, 29 22, 28, 29 Noncurrent Liabilities Long-term debt - net of current maturities and debt issue costs Other noncurrent liabilities Total Noncurrent Liabilities 4, 7, 28, 29 4,8 4,9 4,10 4, 15 4, 11, 22, 24, 28, 29 12, 20, 27, 28, 29 13, 22, 23, 27, 28, 29 15 7, 22, 28, 29 22, 25, 27 14, 27, 28, 29 14, 27, 28, 29 22, 23, 27, 28, 29 16 16 16 16 7, 24, 29 16, 25 16 2021 P96,509 91,323 5,655 193,487 730,333 1,250 444 779 2,005 13,465 748,276 P941,763 P51,450 11,200 750 1,444 2,879 16,833 84,556 280,767 1,479 282,246 366,802 16,443 10,187 177,719 33,031 1,663 480,281 (144,363) 574,961 P941,763 2020 P135,816 88,562 5,411 229,789 680,565 1,162 519 790 4,102 7,538 694,676 P924,465 P23,950 11,131 707 2,710 3,291 159 41,948 261,223 2,414 263,637 305,585 16,443 10,187 177,719 33,031 1,052 490,594 (110,146) 618,880 P924,465 Did the company's assets, liabilities and net worth increase in 2021? What observations and insights can you draw by reading the company's financial statements? SAN MIGUEL CORPORATION SEPARATE STATEMENTS OF FINANCIAL POSITION DECEMBER 31, 2021 AND 2020 (In Millions) ASSETS Current Assets Cash and cash equivalents Receivables - net Prepaid expenses and other current assets Total Current Assets Noncurrent Assets Investments and advances - net Property, plant and equipment - net Right-of-use assets - net Investment property - net Deferred tax assets - net Other noncurrent assets - net Total Noncurrent Assets LIABILITIES AND EQUITY Current Liabilities Loans payable Accounts payable and accrued expenses Income and other taxes payable Subscriptions payable Dividends payable Current maturities of long-term debt-net of debt issue costs Total Current Liabilities Equity Capital stock - common Capital stock preferred Additional paid-in capital Capital securities Equity reserves Retained earnings Treasury stock Total Equity Note 4, 5, 28, 29 4, 6, 22, 24, 28, 29 22, 28, 29 Noncurrent Liabilities Long-term debt - net of current maturities and debt issue costs Other noncurrent liabilities Total Noncurrent Liabilities 4, 7, 28, 29 4,8 4,9 4,10 4, 15 4, 11, 22, 24, 28, 29 12, 20, 27, 28, 29 13, 22, 23, 27, 28, 29 15 7, 22, 28, 29 22, 25, 27 14, 27, 28, 29 14, 27, 28, 29 22, 23, 27, 28, 29 16 16 16 16 7, 24, 29 16, 25 16 2021 P96,509 91,323 5,655 193,487 730,333 1,250 444 779 2,005 13,465 748,276 P941,763 P51,450 11,200 750 1,444 2,879 16,833 84,556 280,767 1,479 282,246 366,802 16,443 10,187 177,719 33,031 1,663 480,281 (144,363) 574,961 P941,763 2020 P135,816 88,562 5,411 229,789 680,565 1,162 519 790 4,102 7,538 694,676 P924,465 P23,950 11,131 707 2,710 3,291 159 41,948 261,223 2,414 263,637 305,585 16,443 10,187 177,719 33,031 1,052 490,594 (110,146) 618,880 P924,465

Answer rating: 100% (QA)

Yes San Miguel Corporations assets liabilities and net worth all increased in 2021 Assets increased ... View the full answer