Download - Analysis of Financial Statements
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Analysis of Honey Bun
LimitedAnnual Report
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Board MembersYana-Kaye White
Natoya KellyAlician Humes
Alex EllisShamoya SmithCashell Walker
Sherri-Ann Myers
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Statement of Comprehensive Income
Statement of Financial Position Cash Flow Statement Non Financial Statement items Comparison with Salada Foods
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Statement of Comprehensiv
e Income
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2010 2011 2012
REVENUES 448.561798 560.847134 611.3332
GROSS PROFIT 178.647642 235.876807 269.271825
EXPENSES 146.2 197.1 227
NET PROFIT 17.189863 27.629827 41.541788
$50.00
$150.00
$250.00
$350.00
$450.00
$550.00
$650.00
SUMMARY GRAPHICAL INCOME STATEMENTA
mou
nt in
Mill
ions
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Ratio Analysis of Income StatementRatio 2010 2011 2012
Gross Margin
Percentage
39.83% 42.06% 44.05%
Net Margin Percentage
3.83% 4.93% 6.08%
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Statement of Financial Position
(Balance Sheet)
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2010 2011 2012
Current Assets 57.080373 78.634268 107.491698
Current Liabilities 64.104703 51.692889 45.940498
10.00
30.00
50.00
70.00
90.00
110.00
AM
OU
NT
IN M
ILLI
ON
S
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2010 2011 2012
1 1 10.89
1.52
2.34
Current Ratio
CURRENT LIABILITIESCURRENT ASSETS
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Other Ratios
Ratio 2010 2011 2012
Debt to Equity
44% 32% 18%
Acid Test Ratio
0.62 to 1 1.10 to 1 1.72 to 1
Operating Cash Flow
Ratio
0.57 to 1 0.72 to 1 1.06 to 1
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2010 2011 2012
Bank 7.048 10.72 23.95
Retained Earnings 88.099 115.781 151.766
$10.00
$30.00
$50.00
$70.00
$90.00
$110.00
$130.00
$150.00
Cash compared to Retained EarningsA
mou
nt in
Mill
ions
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Statement of Cash Flow
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2010 2011 2012
Investments 10.04 18.46 0
PPE 42.57 41.17 29.04
Intangible Assets 0 5.46 4.46
2.50
7.50
12.50
17.50
22.50
27.50
32.50
37.50
42.50
Investing ActivitiesA
mou
nt in
Mill
ions
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Table Showing Financial ActivitiesYear Largest Activity Second Largest
Activity
2010 Proceeds from Borrowing - $28 million
Dividend paid - $8 million
2011 Issue of shares $46.01 million
Dividend paid $6.45 million
2012 Repayment of Borrowings - $4.21 million
Dividend Paid $11.31 million
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Is this a good investing and
financing strategy?
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Increasing Fixed AssetsPaying of its debtPaying dividends
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Non Financial Items
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Corporate Responsibility
Marketing Campaigns
Customer Service
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Comparison with Salada
Foods Jamaica
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2010 2011 2012
Honey Bun 448.562798 560.847134 611.3332
Salada Foods 426.375 560.862 715.609
$50.00
$150.00
$250.00
$350.00
$450.00
$550.00
$650.00
$750.00
Revenues for Honey Bun and Salada Foods
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2010 2011 2012
Salada Foods 0.4 0.42 0.44
Honey Bun 0.39 0.35 0.46
3%
8%
13%
18%
23%
28%
33%
38%
43%
48%
Gross Margin for Honey Bun and Salada Foods
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2010 2011 20120.00%
5.00%
10.00%
15.00%
20.00%
25.00%
Net Profit Margin
Honey Bunsalada Foods
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Earnings Per Share of Both Companies
Honey Bun Limited
Salada Food Jamaica
2010 $0.23 $0.78
2011 $0.34 $0.69
2012 $0.44 $1.43
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The better Investment Decision
would be?
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Thank you from the Honey Bun
Team.