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    Case 2 - Q3 Group 5

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    Shaarang Begani
    The document contains financial statements and exhibits for a company from 2002-2006 showing cash flow statements, balance sheets, and income statements. It provides details on assets, liabilities, revenues, expenses, and cash flows over this time period.

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    © All Rights Reserved
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    Case 2 - Q3 Group 5

    Uploaded by

    Shaarang Begani
    94 views1 page
    The document contains financial statements and exhibits for a company from 2002-2006 showing cash flow statements, balance sheets, and income statements. It provides details on assets, liabilities, revenues, expenses, and cash flows over this time period.

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    © © All Rights Reserved

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    XLSX, PDF, TXT or read online from Scribd

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    The document contains financial statements and exhibits for a company from 2002-2006 showing cash flow statements, balance sheets, and income statements. It provides details on assets, liabilities, revenues, expenses, and cash flows over this time period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    94 views1 page

    Case 2 - Q3 Group 5

    Uploaded by

    Shaarang Begani
    The document contains financial statements and exhibits for a company from 2002-2006 showing cash flow statements, balance sheets, and income statements. It provides details on assets, liabilities, revenues, expenses, and cash flows over this time period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
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    Ceres exhibits

    Cash Flow Statement


    Exhibit 2 - Balance Sheet US$ thousands
    At December 31 2002 2003 2004 2005 2006E 2003 2004 2005 2006E
    Assets
    Cash 705 1,542 1,818 2,158 1,955 Net Income 1293 1279 1488 1534
    Accounts Receivable 3,485 4,405 6,821 10,286 14,471 Adjustments:
    Inventories 3,089 2,795 3,201 3,291 3,847
    Current Assets 7,279 8,742 11,839 15,735 20,273 Depreciation 412 455 557 669
    (-)Increase in AR (920) (2,416) (3,465) (4,185)
    Plant, Property, & Equipment (net) 2,257 2,680 2,958 3,617 4,347 (-)Increase in Inventories (406) (90) (556)
    Other Assets 645 645 645 645 645 (+)Decrease in inv 294
    Land 450 1,750 2,853 2,853 2,853 (+)Increase in AP 939 1,926 1,761 2,765

    Non-Current Assets 3,352 5,075 6,456 7,115 7,844 (+)Increase in Current Portion 37 172 206

    (-)Decrease in Current Portion -81


    Total Assets 10,631 13,817 18,295 22,850 28,117

    Net Cash provided by operating Activities 2055.91 1010.73 455.53 145.21

    Liabilities & Shareholders Equity Cash Flows from Investing Activities


    Accounts Payable 2,034 2,973 4,899 6,660 9,424 (-)Increase in PPE -835.18 -733.95 -1215.37 -1398.02
    Current Portion of Long-term Debt 315 352 525 730 649 (-)Increase in Land -1300 -1103

    Current Liabilities 2,349 3,325 5,423 7,390 10,074 Net Cash provided by Investing Activities -2135.18 -1836.45 -1215.37 -1398.02

    Cash Flows from Financing Activities


    Long-Term Debt 3,258 4,400 5,726 7,123 8,480 (+) Increase in LT Debt 1142.46 1325.36 1397.58 1356.59
    Shareholders Equity 5,024 6,091 7,146 8,336 9,563 (-)Dividend Paid -226.27 -223.82 -297.58 -306.82

    Net Cash provided by Financing Activities 916.19 1101.54 1100.00 1049.77

    Total Liabilities & Shareholders Equity 10,631 13,817 18,295 22,850 28,117

    Net increase (decrese) in cash and cash


    836.92 275.82 340.16 -203.03
    equivalents

    Cash and Cash Equivalents at the


    Exhibit 3 - Income Statement 705.00 1541.92 1817.74 2157.90
    beginning of the year

    Cash and Cash Equivalents at the end of


    For Years Ending December 31 2002 2003 2004 2005 2006E 1542 1818 2158 1955
    the year

    Sales 24,652 26,797 29,289 35,088 42,597


    Cost of Goods Sold 20,461 21,706 23,841 28,597 35,100
    Gross Profit 4,191 5,091 5,448 6,491 7,497

    General & Administrative Expense 1,999 2,138 2,372 2,877 3,578


    Research & Development 203 203 212 222 232
    Depreciation & Amortization 347 412 455 557 669
    Earnings before Interest & Taxes 1,641 2,338 2,408 2,836 3,018

    Interest 187 349 440 547 658


    Earnings before Taxes 1,454 1,989 1,968 2,289 2,360
    Taxes 264 696 689 801 826
    Net Income 1,191 1,293 1,279 1,488 1,534

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