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    Cae13 Exam

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    Joana loize Capistrano
    MAB Publishing saw increases in most financial metrics from 2022 to 2023. Total assets increased from $1.96 billion to $2.16 billion. Retained earnings decreased from $476 million to $385 million due to a $73 million net income in 2023. Total liabilities increased from $1.33 billion to $1.64 billion, largely due to a $429 million increase in advances from affiliates. Overall, the company saw higher sales, costs, and net income in 2023 compared to 2022.

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    Cae13 Exam

    Uploaded by

    Joana loize Capistrano
    4 views3 pages
    MAB Publishing saw increases in most financial metrics from 2022 to 2023. Total assets increased from $1.96 billion to $2.16 billion. Retained earnings decreased from $476 million to $385 million due to a $73 million net income in 2023. Total liabilities increased from $1.33 billion to $1.64 billion, largely due to a $429 million increase in advances from affiliates. Overall, the company saw higher sales, costs, and net income in 2023 compared to 2022.

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    CAE13 EXAM

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    MAB Publishing saw increases in most financial metrics from 2022 to 2023. Total assets increased from $1.96 billion to $2.16 billion. Retained earnings decreased from $476 million to $385 million due to a $73 million net income in 2023. Total liabilities increased from $1.33 billion to $1.64 billion, largely due to a $429 million increase in advances from affiliates. Overall, the company saw higher sales, costs, and net income in 2023 compared to 2022.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    4 views3 pages

    Cae13 Exam

    Uploaded by

    Joana loize Capistrano
    MAB Publishing saw increases in most financial metrics from 2022 to 2023. Total assets increased from $1.96 billion to $2.16 billion. Retained earnings decreased from $476 million to $385 million due to a $73 million net income in 2023. Total liabilities increased from $1.33 billion to $1.64 billion, largely due to a $429 million increase in advances from affiliates. Overall, the company saw higher sales, costs, and net income in 2023 compared to 2022.

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    © All Rights Reserved
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    Download as pdf or txt
    of 3

    MAB PUBLISHING

    COMPARATIVE STATEMENT OF FINANCIAL CONDITION


    As of December 31, 2023 and December 31, 2022

    2023 2022
    ASSETS
    Current Assets
    Cash (note 1) 39,525,300.00 1 22,570,890.00 11
    Trade and Other Receivable (note 2) 398,985,525.00 230,122,490.00
    Inventories (note 3) 845,555,125.00 2 795,123,450.00 12
    Other Current Assets (note 4) 167,550,250.00 123,456,750.00
    Total Current Assets 1,451,616,200.00 3 1,171,273,580.00 13

    Non-current Assets
    Property, Plant and Equipment (note 5) 407,590,500.00 407,590,500.00 14
    Accumulated Depreciation 89,589,500.00 65,654,000.00 15
    PPE, net 318,001,000.00 4 341,936,500.00
    Investments (note 6) 323,550,980.00 5 224,550,560.00
    Advances to Affiliates (note 7) - 75,000,250.00
    Other Non Current Assets (note 8) 69,580,570.00 150,250,350.00 16
    Total Non-Current Assets 711,132,550.00 6 791,737,660.00

    TOTAL ASSETS
    2,162,748,750.00 1,963,011,240.00

    LIABILITIES AND STOCKHOLDER'S EQUITY


    Current Liabilities
    Trade & Other Payables (note 9) 978,788,500.00 7 969,822,713.00
    Other Current Liabilities (note 10) 68,990,550.00 8,096,139.00 17
    Total Current Liabilities 1,047,779,050.00 977,918,852.00
    Non-Current Liabilities
    Long-term debt-net of current portion (notes 11) 76,209,548.00 93,459,072.00
    Advances from Affiliates (notes 12) 429,546,194.00 8 -
    Other Non Current Liabilities (note 13) 87,681,065.00 259,985,486.00 18
    Total Non-Current Liabilities 593,436,807.00 9 353,444,558.00
    TOTAL LIABILITIES 1,641,215,857.00 1,331,363,410.00 19

    STOCKHOLDER'S EQUITY
    Share Capital (note 14) 136,250,000.00 155,561,297.00
    Retained Earnings (note 15) 385,282,893.00 10 476,086,533.00 20
    Total Stockholder's Equity 521,532,893.00 631,647,830.00

    TOTAL LIABILITIES & STOCKHOLDER'S EQUITY


    2,162,748,750.00 1,963,011,240.00
    MAB PUBLISHING
    STATEMENT OF OPERATIONS
    For the year ended December 31, 2023 and December 31, 2022

    2023 2022
    Sales 1,561,500,000.00 1,051,522,500.00
    Less: Sales Discount 350,450,150.00 295,850,550.00
    Sales Return 143,231,985.00 8,975,112.00
    Net Sales (note 15) 1,067,817,865.00 746,696,838.00
    Less: Cost of Sales (note 16) 433,201,250.00 250,125,350.00
    Gross Profit 634,616,615.00 496,571,488.00
    Add: Other Income (note 18) 48,250,230.00 24,603,611.00
    Total Income 682,866,845.00 521,175,099.00
    Less: General and Administrative Expenses (note
    17) 479,444,500.00 387,041,491.00
    98,687,155.00 61,840,376.00
    Income(Loss) Before Tax 104,735,190.00 72,293,232.00
    Provision for Income Tax 31,420,557.00 4,922,179.00
    Net Income(Loss) After Tax 73,314,633.00 67,371,053.00
    Interest Income Net of Withholding Tax (note 20) 48,363.00 24,806.00
    Net Income(Loss) 73,362,996.00 67,395,859.00

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