Freight out Advertising expense Other expenses* Net Income *depreciation, rent, office, utilities, travel, interest and income...
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Freight out Advertising expense Other expenses* Net Income *depreciation, rent, office, utilities, travel, interest and income taxes Below is a pie chart depicting the above results: We are pleased to present our Management Discussion and Analysis (MD&A) for Retro Production Ltd. For the fiscal year ended December 31, 2021. Our company has achieved the following financial results for the year over year results for December 31, 2021. Overall Operating Performance For the fiscal year ended December 31, 2021, our sales For the fiscal year ended December 31, 2021, our gross profit For the fiscal year ended December 31, 2021, our operating expenses For the fiscal year ended December 31, 2021, our operating income For the fiscal year ended December 31, 2021, our income before income taxes For the fiscal year ended December 31, 2021, our income net income Vertical Analysis for our most major expenses, our combined minor expenses and resulting net income revealed the following: 3 Cost of goods sold Salaries expense 2021 2020 RETRO PRODUCTIONS LIMITED Statement of Income Year Ended December 31, Sales Cost of goods sold Gross profit Operating expenses percent and percent and percent and percent and percent and percent and dollars from the previous year. dollars from the previous year. dollars from the previous year. dollars from the previous year. dollars from the previous year. dollars from the previous year. RETRO PRODUCTIONS LIMITED Statement of Financial Position December 31, 2021 2020 Assets Current assets Balance, January 1 Shares issued Net income Dividends declared Balance, December 31 UCTIONS LIMITED RETRO PRODUCTH Statement of Changes in Equity Year Ended December 31, 2021 Common Shares Retained Earnings 500,000 $ 100,000 Total Equity 1,239,275 $ 1,739,275 3.856,250 3,856,250 -120,000 4,975,525 $ 5.575.525 Change (2021) 2020) Horizontal S Vertical%2021 Vertical%2020 Total assets 2021 $ 22,670,200 $ 12.600,000 10,070,200 2020 Change 15,669,416 $7,000,784 7,051,237 $5,548,763 8,618,179 $1,452,021 Horizontal % 45% 79% Vertical % 2021 100.0% Vertical%2020 55.6% 100.0 % 45.0% 17% 44.4% 55.0% Salaries expense 3,701,000 3,915,419 ($214,419) -5% Shareholders' equity 16.3% 25.0% Accounts receivable Inventory Supplies Prepaid rent Total current assets Property, plant and equipment (net) Liabilities and Shareholders' Equity Current Liabilities Accounts payable Sales payable Salaries be income tax payable Interest payable Deferred revenue Total current liabilities Bank loan payable Total Liabilities Common shares 7,288,000 39,000 14,000 10,125,100 1,145,625 $11,270,725 4,650,688 1,743,584 37,870 14,000 6,858,386 1,375,746 412,244 s 180.104 3,680,050 $2.637.312 1,928,513 5850,416 28,240 $1,130 222,144) | -54% 57% 49% 23% 3% 0% 21% 0% 0% 0% 0% 5,830,907 $3,266,714 48% 90% 83% 1,954,899 ($230,121) -17% 10% 17% $8,234,132 $7,785,806 $3,036,593 37% 100% 100% 4,101,000 $ 3,815,678 $ 3,750,083 $285,322 36% 30% 46% 140.000 140,000 156,750 112,000 25,383 132.859 (515,585) -11% 1% www 96.000 109,570 100,305 ($13,570) 12% 1% 1% 4,455,200 1,240,000 5,695,200 4,195,561 4,117,634 $259,639 6% 40% 51% 2,249,296 2,478,533 ($1,009,296) | 45% 11% 6,444,857 6,596,167 (5749,657) -12% 51% 70% Freight out 980,000 1,063,689 ($83,689) -8% 4.3% 6.8% Retained earnings Advertising expense Total shareholders' equity 437,000 402,877 $34,123 8% 1.9% 2.6% Total liabilities and shareholders' equity 600,000 4,975,525 5,575,525 $11,270,725 550,000 1,239,275 1,789,275 1,189,639 $8,234,132 $7,785,806 400,000 $50,000 789,639 $3,736,250 9% 5% 301% 44% $3,786,250 $3,036,593 212% 49% 22% 100% 100% Depreciation expense 168,750 166,977 $1,773 1% 0.7% 1.1% Rent expense 168.000 167,879 $121 0% 0.7% 1.1% Office expense 78,000 81,027 ($3,027 -4% 0.3% 0.5% Utilities expense 67,000 67,771 ($771) -1% 0.3% 0.4% RETRO PRODUCTIONS LIMITED Statement of Cash Flow December 31, $2,480 6% Travel expense 46,000 43,520 0.2% 0.3% Total operating expenses ($263,409) -4% 5.645.750 5,909,159 24.9% 37.7% Accounts receivable Income from operations 4,424,450 2,709,020 $1,715,430 63% 19.5% 17.3% Other expenses Inventory Supplies Interest expense Income before income tax Income tax expense Net income 76,200 4,348,250 492,000 3,856,250 $ 74 254 $1.946 2,634,766 $1.713.484 263,477 $228,523 2,371,289 $1,484,961 3% 0.3% 0.5% Accounts payable 65% 19.2% 16.8% 87% 2.2% 1.7% Salaries Payable 63% 17.0% 15.1% Income tax payable INSERT 2 PIE CHARTS USING THE VERTICAL PERCENTAGES FOR THE EXPENSES & NET INCOME PROVIDED ABOVE We have experienced significant changes in our financial performance compared to the previous year. Our Cost of Goods Sold as a percentage of sales Our Salaries Expense as a percentage of sales Our Freight out as a percentage of sales Our Advertising Expenses as a percentage of sales Overall these results delete this and provide a reasonable explanation for why 2020/2021 Vertical % change in COGS may have occurred. delete this and provide a reasonable explanation for why 2020/2021 Vertical % change in Salaries Expense may have occurred. delete this and provide a reasonable explanation for why 2020/2021 Vertical % change in Freight Out may have occurred. delete this and provide a reasonable explanation for why 2020/2021 Vertical % change in Freight Out may have occurred. delete this and provide a reasonable overall conclusion on the current year results. 2021 2020 Operating Activities Net Income $ 3,856,250 $ 2,371,289 Changes in Non-Cash working capital accounts -2,637,312 -970,638 -850,416 184,929 -1,130 -9,630 285,322 65,595 3,270 9,543 -13,383 -7,476 Interest payable -2,000 1,000 Deferred revenue -13,570 9,265 Depreciation expense 168,750 166,977 Cash flow used/provided by operating activities 795,781 1,820,854 Investing Activities Purchase/Sale of PP&E 61,371 Cash flow used/provided by investing activities 61,371 -377,463 (377,463) Financing Activities Issuance of Common Shares Dividends paid 50,000 -120,000 Payment/Proceeeds of Bank Loan -1,009,296 150,000 -1,132,014 -229,237 Cash flow used/provided by financing activities (1,079,296) (1,211,251) Net Change in Cash -222,144 232,140 Cash, beginning balance 412,244 180,104 Cash, ending balance $ 190,100 $ 412,244 Freight out Advertising expense Other expenses* Net Income *depreciation, rent, office, utilities, travel, interest and income taxes Below is a pie chart depicting the above results: We are pleased to present our Management Discussion and Analysis (MD&A) for Retro Production Ltd. For the fiscal year ended December 31, 2021. Our company has achieved the following financial results for the year over year results for December 31, 2021. Overall Operating Performance For the fiscal year ended December 31, 2021, our sales For the fiscal year ended December 31, 2021, our gross profit For the fiscal year ended December 31, 2021, our operating expenses For the fiscal year ended December 31, 2021, our operating income For the fiscal year ended December 31, 2021, our income before income taxes For the fiscal year ended December 31, 2021, our income net income Vertical Analysis for our most major expenses, our combined minor expenses and resulting net income revealed the following: 3 Cost of goods sold Salaries expense 2021 2020 RETRO PRODUCTIONS LIMITED Statement of Income Year Ended December 31, Sales Cost of goods sold Gross profit Operating expenses percent and percent and percent and percent and percent and percent and dollars from the previous year. dollars from the previous year. dollars from the previous year. dollars from the previous year. dollars from the previous year. dollars from the previous year. RETRO PRODUCTIONS LIMITED Statement of Financial Position December 31, 2021 2020 Assets Current assets Balance, January 1 Shares issued Net income Dividends declared Balance, December 31 UCTIONS LIMITED RETRO PRODUCTH Statement of Changes in Equity Year Ended December 31, 2021 Common Shares Retained Earnings 500,000 $ 100,000 Total Equity 1,239,275 $ 1,739,275 3.856,250 3,856,250 -120,000 4,975,525 $ 5.575.525 Change (2021) 2020) Horizontal S Vertical%2021 Vertical%2020 Total assets 2021 $ 22,670,200 $ 12.600,000 10,070,200 2020 Change 15,669,416 $7,000,784 7,051,237 $5,548,763 8,618,179 $1,452,021 Horizontal % 45% 79% Vertical % 2021 100.0% Vertical%2020 55.6% 100.0 % 45.0% 17% 44.4% 55.0% Salaries expense 3,701,000 3,915,419 ($214,419) -5% Shareholders' equity 16.3% 25.0% Accounts receivable Inventory Supplies Prepaid rent Total current assets Property, plant and equipment (net) Liabilities and Shareholders' Equity Current Liabilities Accounts payable Sales payable Salaries be income tax payable Interest payable Deferred revenue Total current liabilities Bank loan payable Total Liabilities Common shares 7,288,000 39,000 14,000 10,125,100 1,145,625 $11,270,725 4,650,688 1,743,584 37,870 14,000 6,858,386 1,375,746 412,244 s 180.104 3,680,050 $2.637.312 1,928,513 5850,416 28,240 $1,130 222,144) | -54% 57% 49% 23% 3% 0% 21% 0% 0% 0% 0% 5,830,907 $3,266,714 48% 90% 83% 1,954,899 ($230,121) -17% 10% 17% $8,234,132 $7,785,806 $3,036,593 37% 100% 100% 4,101,000 $ 3,815,678 $ 3,750,083 $285,322 36% 30% 46% 140.000 140,000 156,750 112,000 25,383 132.859 (515,585) -11% 1% www 96.000 109,570 100,305 ($13,570) 12% 1% 1% 4,455,200 1,240,000 5,695,200 4,195,561 4,117,634 $259,639 6% 40% 51% 2,249,296 2,478,533 ($1,009,296) | 45% 11% 6,444,857 6,596,167 (5749,657) -12% 51% 70% Freight out 980,000 1,063,689 ($83,689) -8% 4.3% 6.8% Retained earnings Advertising expense Total shareholders' equity 437,000 402,877 $34,123 8% 1.9% 2.6% Total liabilities and shareholders' equity 600,000 4,975,525 5,575,525 $11,270,725 550,000 1,239,275 1,789,275 1,189,639 $8,234,132 $7,785,806 400,000 $50,000 789,639 $3,736,250 9% 5% 301% 44% $3,786,250 $3,036,593 212% 49% 22% 100% 100% Depreciation expense 168,750 166,977 $1,773 1% 0.7% 1.1% Rent expense 168.000 167,879 $121 0% 0.7% 1.1% Office expense 78,000 81,027 ($3,027 -4% 0.3% 0.5% Utilities expense 67,000 67,771 ($771) -1% 0.3% 0.4% RETRO PRODUCTIONS LIMITED Statement of Cash Flow December 31, $2,480 6% Travel expense 46,000 43,520 0.2% 0.3% Total operating expenses ($263,409) -4% 5.645.750 5,909,159 24.9% 37.7% Accounts receivable Income from operations 4,424,450 2,709,020 $1,715,430 63% 19.5% 17.3% Other expenses Inventory Supplies Interest expense Income before income tax Income tax expense Net income 76,200 4,348,250 492,000 3,856,250 $ 74 254 $1.946 2,634,766 $1.713.484 263,477 $228,523 2,371,289 $1,484,961 3% 0.3% 0.5% Accounts payable 65% 19.2% 16.8% 87% 2.2% 1.7% Salaries Payable 63% 17.0% 15.1% Income tax payable INSERT 2 PIE CHARTS USING THE VERTICAL PERCENTAGES FOR THE EXPENSES & NET INCOME PROVIDED ABOVE We have experienced significant changes in our financial performance compared to the previous year. Our Cost of Goods Sold as a percentage of sales Our Salaries Expense as a percentage of sales Our Freight out as a percentage of sales Our Advertising Expenses as a percentage of sales Overall these results delete this and provide a reasonable explanation for why 2020/2021 Vertical % change in COGS may have occurred. delete this and provide a reasonable explanation for why 2020/2021 Vertical % change in Salaries Expense may have occurred. delete this and provide a reasonable explanation for why 2020/2021 Vertical % change in Freight Out may have occurred. delete this and provide a reasonable explanation for why 2020/2021 Vertical % change in Freight Out may have occurred. delete this and provide a reasonable overall conclusion on the current year results. 2021 2020 Operating Activities Net Income $ 3,856,250 $ 2,371,289 Changes in Non-Cash working capital accounts -2,637,312 -970,638 -850,416 184,929 -1,130 -9,630 285,322 65,595 3,270 9,543 -13,383 -7,476 Interest payable -2,000 1,000 Deferred revenue -13,570 9,265 Depreciation expense 168,750 166,977 Cash flow used/provided by operating activities 795,781 1,820,854 Investing Activities Purchase/Sale of PP&E 61,371 Cash flow used/provided by investing activities 61,371 -377,463 (377,463) Financing Activities Issuance of Common Shares Dividends paid 50,000 -120,000 Payment/Proceeeds of Bank Loan -1,009,296 150,000 -1,132,014 -229,237 Cash flow used/provided by financing activities (1,079,296) (1,211,251) Net Change in Cash -222,144 232,140 Cash, beginning balance 412,244 180,104 Cash, ending balance $ 190,100 $ 412,244
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