Read the audited Balance Sheet of Al-Maha Petroleum Products Marketing Company SAOG for the year 2017, 2018
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Question:
Read the audited Balance Sheet of Al-Maha Petroleum Products Marketing Company SAOG for the year 2017, 2018 and 2019 (pasted in the last page of this assessment as "Annexure-A?.)?
Required:?
Using "Common Size Analysis Method", prepare the following analysis:?
a) Vertical Analysis of Al-Maha Petroleum
b) Horizontal Analysis of Al-Maha Petroleum
Transcribed Image Text:
Al Maha Petroleum Products Marketing Co. SAOG Financial statements for the year ended 31 December 2019 Statement of financial position ASSETS Non-current assets Property, plant and equipment Investment properties Right of use asset Contract assets Deferred tax asset Total non-current as sels able Current assets Inventories Trade and other receivables Short term deposit Bank balances and cash Total current assets Total assets EQUITY AND LIABILITIES Equity Share capital Legal reserve Retained eamings Special reserve Total equity Liabilities Non-current liabilities Non-current portion of lease liabilities Employees' end of service benefits Total non-current liabilites Current liabilities Current portion of lease liabilities Trade and other payables Contract liabilities Nole 56782 8a) 24 9 10 11 11 12 13 14 7 22 b) 7 16 8 b) 2019 RO'000 17 24 31,079 635 3,515 1,026 2.157 38,412 4,522 58,925 20,000 28,722 112,169 180,881 6,900 2,300 33,999 2.104 45,303 2,631 333 2.964 1,025 45,228 2018 RO'000 2017 RO'000 (as restated-note 30) 31,303 682 963 1,841 34,789 3,758 61,244 34,401 99,403 134,182 Annexure-A 6,900 2,300 35,421 2,104 46,725 45.919 40.194 30,430 729 938 32,108 3,877 68,208 30,626 102,711 1343317 6,900 2,300 38,221 2,104 49,525 290 290 112 55.032 Bank borrowings Taxation 917 1,012 Total current liabilites 102,314 87,125 Total liabilites 105,278 87,467 Total equity and liabilities 150,581 134,192 Net assets per share 26 0.657 0.677 These financial statements were authorized for issue and approved by the Board of Directors on 12 February 2020 and were signed on their behalf by Da 45.728 38,114 1,160 85.002 85.202 134,817 0.718 Al Maha Petroleum Products Marketing Co. SAOG Financial statements for the year ended 31 December 2019 Statement of financial position ASSETS Non-current assets Property, plant and equipment Investment properties Right of use asset Contract assets Deferred tax asset Total non-current as sels able Current assets Inventories Trade and other receivables Short term deposit Bank balances and cash Total current assets Total assets EQUITY AND LIABILITIES Equity Share capital Legal reserve Retained eamings Special reserve Total equity Liabilities Non-current liabilities Non-current portion of lease liabilities Employees' end of service benefits Total non-current liabilites Current liabilities Current portion of lease liabilities Trade and other payables Contract liabilities Nole 56782 8a) 24 9 10 11 11 12 13 14 7 22 b) 7 16 8 b) 2019 RO'000 17 24 31,079 635 3,515 1,026 2.157 38,412 4,522 58,925 20,000 28,722 112,169 180,881 6,900 2,300 33,999 2.104 45,303 2,631 333 2.964 1,025 45,228 2018 RO'000 2017 RO'000 (as restated-note 30) 31,303 682 963 1,841 34,789 3,758 61,244 34,401 99,403 134,182 Annexure-A 6,900 2,300 35,421 2,104 46,725 45.919 40.194 30,430 729 938 32,108 3,877 68,208 30,626 102,711 1343317 6,900 2,300 38,221 2,104 49,525 290 290 112 55.032 Bank borrowings Taxation 917 1,012 Total current liabilites 102,314 87,125 Total liabilites 105,278 87,467 Total equity and liabilities 150,581 134,192 Net assets per share 26 0.657 0.677 These financial statements were authorized for issue and approved by the Board of Directors on 12 February 2020 and were signed on their behalf by Da 45.728 38,114 1,160 85.002 85.202 134,817 0.718
Expert Answer:
Answer rating: 100% (QA)
Vertical analysis of AlMaha Petroleum Vertical analysis deals with analysing the individual asset equity liability value against the respective bottom ... View the full answer
Related Book For
Horngrens Accounting
ISBN: 978-0133855371
10th Canadian edition Volume 1
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo-Ann L. Johnston, Peter R. Norwood
Posted Date:
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