GOIL Company Limited Annual Report 2019 GOIL Good energy FIVE-YEAR FINANCIAL REVIEW (2015-2019) CONT'D COMPANY AUDITED FINANCIAL STATEMENTS 2019 2018 2017 2016 2015 GHC'000 GHC 000 GHC'000 GHC'000...


Calcuate the following ratios


1. Profitability


2. Liquidity


3. Gearing


4. Investment


GOIL Company Limited<br>Annual Report 2019<br>GOIL<br>Good energy<br>FIVE-YEAR FINANCIAL REVIEW (2015-2019) CONT'D<br>COMPANY AUDITED FINANCIAL STATEMENTS<br>2019<br>2018<br>2017<br>2016<br>2015<br>GHC'000<br>GHC 000<br>GHC'000<br>GHC'000<br>GHC'000<br>PROFIT AND LOSS ACCOUNT<br>Revenue<br>3,570,967<br>3,080,508<br>2,467,872<br>2,028,369<br>1,954,505<br>Cost of Sales<br>(3,274,205)<br>(2,850,976)<br>(2,311,965)<br>(1,882,756)<br>(1,844,195)<br>Gross Profit<br>296,762<br>229,532<br>155,907<br>145,613<br>110,310<br>Other Income<br>24,147<br>10,063<br>18,232<br>15,087<br>4,600<br>Operating Expense<br>(207,995)<br>(157,570)<br>129,063<br>(117,770)<br>(80,410)<br>Oper Profit before Fin. Cost<br>112,914<br>82,025<br>45,076<br>42,930<br>34,500<br>Net Finance (Expenses)/ Income<br>(8,650)<br>(5,830)<br>4,435<br>7,068<br>(1,802)<br>Profit before Taxation<br>104,264<br>76,195<br>49,511<br>49,998<br>32,698<br>Taxation<br>(32,469)<br>(22,081)<br>(10,176)<br>(14,742)<br>(10,487)<br>Net Profit After Tax<br>71,795<br>54,114<br>39,335<br>35,256<br>22,211<br>BALANCE SHEET<br>ASSETS<br>Non Current Assets<br>675,695<br>527,955<br>412,105<br>306,682<br>190,013<br>Available for Sale Financial Instruments/<br>8,500<br>7,125<br>7,260<br>5,648<br>9,102<br>Investments<br>Stocks<br>36,707<br>32,731<br>42,153<br>29,594<br>24,584<br>Accounts Receivable<br>571,828<br>475,426<br>396,780<br>313,983<br>267,302<br>Short Term Investment<br>12,602<br>10,323<br>8,455<br>56,836<br>5,366<br>Income Tax Asset<br>7,346<br>6,046<br>Cash and Bank Balances<br>58,274<br>45,944<br>26,430<br>39,554<br>24,867<br>Total Assets<br>1,363,606<br>1,099,504<br>900,529<br>758,343<br>521,234<br>LIABILITIES<br>Medium Term Loan<br>117,913<br>49,901<br>1,633<br>12,409<br>Short Term Loan<br>33,407<br>17,500<br>1,760<br>11,093<br>20,045<br>Bank Overdrafts<br>86,884<br>49,849<br>52,567<br>41,383<br>67,590<br>Accounts Payable<br>692,462<br>615,499<br>528,485<br>420,451<br>322,304<br>Deferred Tax<br>19,620<br>17,203<br>12,158<br>9,982<br>4,522<br>Taxation<br>8230<br>250<br>707<br>Total Liabilities<br>958,516<br>750,202<br>594,970<br>484,542<br>427,577<br>SHAREHOLDERS' FUNDS<br>Stated Capital<br>185,589<br>185,589<br>185,589<br>185,589<br>31,809<br>Building Fund<br>Retained Earnings<br>18,220<br>13,763<br>10,361<br>7,788<br>5,426<br>194,450<br>142,703<br>102,226<br>74,654<br>47,198<br>Capital Surplus<br>5,770<br>6,831<br>405,090<br>1,363,606<br>7,248<br>7,383<br>9,224<br>Total<br>349,302<br>305,559<br>273,801<br>93,657<br>Total Liabilities & Shareholders' funds<br>1,099,504<br>900,529<br>758,343<br>521,234<br>20<br>

Extracted text: GOIL Company Limited Annual Report 2019 GOIL Good energy FIVE-YEAR FINANCIAL REVIEW (2015-2019) CONT'D COMPANY AUDITED FINANCIAL STATEMENTS 2019 2018 2017 2016 2015 GHC'000 GHC 000 GHC'000 GHC'000 GHC'000 PROFIT AND LOSS ACCOUNT Revenue 3,570,967 3,080,508 2,467,872 2,028,369 1,954,505 Cost of Sales (3,274,205) (2,850,976) (2,311,965) (1,882,756) (1,844,195) Gross Profit 296,762 229,532 155,907 145,613 110,310 Other Income 24,147 10,063 18,232 15,087 4,600 Operating Expense (207,995) (157,570) 129,063 (117,770) (80,410) Oper Profit before Fin. Cost 112,914 82,025 45,076 42,930 34,500 Net Finance (Expenses)/ Income (8,650) (5,830) 4,435 7,068 (1,802) Profit before Taxation 104,264 76,195 49,511 49,998 32,698 Taxation (32,469) (22,081) (10,176) (14,742) (10,487) Net Profit After Tax 71,795 54,114 39,335 35,256 22,211 BALANCE SHEET ASSETS Non Current Assets 675,695 527,955 412,105 306,682 190,013 Available for Sale Financial Instruments/ 8,500 7,125 7,260 5,648 9,102 Investments Stocks 36,707 32,731 42,153 29,594 24,584 Accounts Receivable 571,828 475,426 396,780 313,983 267,302 Short Term Investment 12,602 10,323 8,455 56,836 5,366 Income Tax Asset 7,346 6,046 Cash and Bank Balances 58,274 45,944 26,430 39,554 24,867 Total Assets 1,363,606 1,099,504 900,529 758,343 521,234 LIABILITIES Medium Term Loan 117,913 49,901 1,633 12,409 Short Term Loan 33,407 17,500 1,760 11,093 20,045 Bank Overdrafts 86,884 49,849 52,567 41,383 67,590 Accounts Payable 692,462 615,499 528,485 420,451 322,304 Deferred Tax 19,620 17,203 12,158 9,982 4,522 Taxation 8230 250 707 Total Liabilities 958,516 750,202 594,970 484,542 427,577 SHAREHOLDERS' FUNDS Stated Capital 185,589 185,589 185,589 185,589 31,809 Building Fund Retained Earnings 18,220 13,763 10,361 7,788 5,426 194,450 142,703 102,226 74,654 47,198 Capital Surplus 5,770 6,831 405,090 1,363,606 7,248 7,383 9,224 Total 349,302 305,559 273,801 93,657 Total Liabilities & Shareholders' funds 1,099,504 900,529 758,343 521,234 20
GOIL Company Limited<br>Annual Report 2019<br>GOIL<br>Good energy<br>FIVE-YEAR FINANCIAL REVIEW (2015-2019) CONT'D<br>GROUP CONSOLIDATED STATEMENT OF FINANCIAL POSITION<br>2019<br>2018<br>2017<br>2016<br>2015<br>GHC '000<br>GHC '000<br>GHC '000<br>GHC '000<br>GHC '000<br>NON CURRENT ASSETS<br>Property, Plant and Equipment<br>724,632<br>570,120<br>426,368<br>305,206<br>188,041<br>Intangible Asset<br>Fair Value through Other Comprehensive<br>791<br>1,546<br>2,669<br>4,204<br>3,670<br>6,679<br>7,095<br>7,230<br>5,618<br>9,072<br>Income Investments<br>TOTAL NON CURRENT ASSETS<br>732,102<br>578,761<br>436,267<br>315,028<br>200,783<br>CURRENT ASSETS<br>Stocks<br>102,000<br>127,211<br>112,981<br>47,940<br>35,491<br>Accounts Receivable<br>734,015<br>540,911<br>409,671<br>374,074<br>310,662<br>Financial Assets at Amortised Cost<br>12,602<br>10,323<br>8,455<br>56,836<br>5,366<br>Current Tax<br>5,166<br>5,293<br>Cash and Bank Balances<br>135,578<br>88,307<br>63,970<br>69,251<br>33,070<br>TOTAL CURRENT ASSETS<br>984,195<br>766,752<br>600,243<br>553,394<br>384,589<br>TOTAL ASSETS<br>1,716,297<br>1,345,513<br>1,036,510<br>868,422<br>585,372<br>EQUITY<br>Stated Capital<br>185,589<br>185,589<br>185,589<br>185,589<br>31,809<br>Building Fund<br>24,372<br>18,230<br>13,436<br>9,575<br>6,294<br>Retained Earnings<br>311,360<br>227,582<br>160,659<br>108,621<br>63,692<br>Capital Surplus<br>6,831<br>7,248<br>7,383<br>5,770<br>9,224<br>TOTAL EQUITY<br>528,152<br>438,649<br>367,067<br>309,555<br>111,019<br>NON CURRENT LIABILITIES<br>Deferred Tax<br>19,538<br>17,194<br>12,216<br>10,107<br>4,547<br>Non Current Term Loan<br>117,913<br>49,901<br>1,633<br>12,409<br>TOTAL NON CURRENT LIABILITIES<br>137,451<br>67,095<br>12,216<br>11,740<br>16,956<br>CURRENT LIABILITIES<br>Bank Overdraft<br>86,884<br>49,849<br>52,567<br>41,383<br>67,590<br>Accounts Payable<br>902,973<br>770,731<br>602,900<br>494,651<br>363,040<br>Current Portion of Term Loan<br>54,987<br>17,500<br>1,760<br>11,093<br>20,045<br>Current Tax<br>5,850<br>1,689<br>6,722<br>TOTAL CURRENT LIABILITIES<br>1,050,694<br>839,769<br>657,227<br>547,127<br>457,397<br>TOTAL LIABILITIES<br>1,188,145<br>906,864<br>669,443<br>558,867<br>474,353<br>TOTAL EQUITY AND LIABILITIES<br>1,716,297<br>1,345,513<br>1,036,510<br>868,422<br>585,372<br>19<br>

Extracted text: GOIL Company Limited Annual Report 2019 GOIL Good energy FIVE-YEAR FINANCIAL REVIEW (2015-2019) CONT'D GROUP CONSOLIDATED STATEMENT OF FINANCIAL POSITION 2019 2018 2017 2016 2015 GHC '000 GHC '000 GHC '000 GHC '000 GHC '000 NON CURRENT ASSETS Property, Plant and Equipment 724,632 570,120 426,368 305,206 188,041 Intangible Asset Fair Value through Other Comprehensive 791 1,546 2,669 4,204 3,670 6,679 7,095 7,230 5,618 9,072 Income Investments TOTAL NON CURRENT ASSETS 732,102 578,761 436,267 315,028 200,783 CURRENT ASSETS Stocks 102,000 127,211 112,981 47,940 35,491 Accounts Receivable 734,015 540,911 409,671 374,074 310,662 Financial Assets at Amortised Cost 12,602 10,323 8,455 56,836 5,366 Current Tax 5,166 5,293 Cash and Bank Balances 135,578 88,307 63,970 69,251 33,070 TOTAL CURRENT ASSETS 984,195 766,752 600,243 553,394 384,589 TOTAL ASSETS 1,716,297 1,345,513 1,036,510 868,422 585,372 EQUITY Stated Capital 185,589 185,589 185,589 185,589 31,809 Building Fund 24,372 18,230 13,436 9,575 6,294 Retained Earnings 311,360 227,582 160,659 108,621 63,692 Capital Surplus 6,831 7,248 7,383 5,770 9,224 TOTAL EQUITY 528,152 438,649 367,067 309,555 111,019 NON CURRENT LIABILITIES Deferred Tax 19,538 17,194 12,216 10,107 4,547 Non Current Term Loan 117,913 49,901 1,633 12,409 TOTAL NON CURRENT LIABILITIES 137,451 67,095 12,216 11,740 16,956 CURRENT LIABILITIES Bank Overdraft 86,884 49,849 52,567 41,383 67,590 Accounts Payable 902,973 770,731 602,900 494,651 363,040 Current Portion of Term Loan 54,987 17,500 1,760 11,093 20,045 Current Tax 5,850 1,689 6,722 TOTAL CURRENT LIABILITIES 1,050,694 839,769 657,227 547,127 457,397 TOTAL LIABILITIES 1,188,145 906,864 669,443 558,867 474,353 TOTAL EQUITY AND LIABILITIES 1,716,297 1,345,513 1,036,510 868,422 585,372 19
Jun 07, 2022
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