Balance Sheet Statement (PhP in Million)
 
Fiscal Year EndAssets12/201212/201112/201012/2009
Cash & Equivalent 2,038.00 4,102.00 4,165.00 1,463.00Receivables 3,527.00 3,438.00 3,723.00 3,116.00Inventories 1,582.00 1,697.00 1,293.00 2,004.00Other Cur Assets 6,328.00 6,630.00 4,503.00 1,514.00Total Cur Assets 13,475.00 15,867.00 13,684.00 8,097.00Gr Fixed Assets 21,068.00 18,127.00 14,262.00 11,792.00Accum Depr 9,459.00 7,461.00 5,775.00 4,321.00Net Fixed Assets 11,609.00 10,666.00 8,487.00 7,471.00Oth Non-Cur Asset 6,387.00 2,347.00 1,564.00 1,936.00Tot Non-Cur Asset 17,996.00 13,013.00 10,051.00 9,407.00Total Assets 31,471.00 28,880.00 23,735.00 17,504.00
Liabilities
 
Accounts Payable 1,244.00 1,407.00 969.00 864.00Short-Term Debt 159.00 322.00 389.00 346.00Other Cur Liab 4,401.00 4,291.00 3,505.00 2,409.00Total Cur Liab 5,804.00 6,020.00 4,863.00 3,619.00Long-Term Debt 702.00 448.00 728.00 400.00Defer Inc Taxes 1,387.00 1,076.00 997.00 620.00Oth Non-Cur Liab 201.00 2,041.00 275.00 725.00Tot Non-Cur Liab 2,290.00 3,565.00 2,000.00 1,745.00Total Liabilities 8,094.00 9,585.00 6,863.00 5,364.00Preferred Equity 0.0 0.0 0.0 0.0Common Equity 23,377.00 19,295.00 16,872.00 12,140.00Retained Earnings 17,952.00 15,984.00 13,975.0 9,557.00Total Equity 23,377.00 19,295.00 16,872.00 12,140.00Tot Liab & Stk Eq 31,471.0 28,880.0 23,735.0 17,504.0
 
Income Statement (PhP in Million)
 
Fiscal Year End12/201212/201112/201012/2009
Revenues/Sales 26,273.00 25,070.00 20,847.00 16,202.00Cost of Sales 9,337.00 7,753.00 7,276.00 6,432.00Gr Oper Prot 16,936.00 17,317.00 13,571.00 9,770.00S, G & A Expenses 5,585.00 5,238.00 4,130.00 3,139.00Op Prof bef Depr 11,351.00 12,079.00 9,441.00 6,631.00Deprec & Amort 2,807.00 2,192.00 1,888.00 1,379.00Oper Inc aft Depr 8,544.00 9,887.00 7,553.00 5,252.00Other Income, Net 792.00 799.00 406.00 415.00Inc Avail for Int 9,171.00 10,686.00 7,959.00 5,667.00Interest Expense 34.00 27.00 25.00 29.00Pretax Income 9,137.00 10,659.00 7,934.00 5,638.00Income Taxes 3,069.00 3,714.00 2,777.00 2,072.00Net Inc Tot Ops 6,068.00 6,945.00 5,157.00 3,566.00Special Inc/Chrg -165.00 0.0 0.0 0.0Normalized Income 6,233.00 6,945.00 5,157.00 3,566.00Total Net Income 6,068.00 6,945.00 5,157.00 3,566.00Preferred Div 0.0 0.0 0.0 0.0Net Inc Avail Com 6,068.00 6,945.00 5,157.00 3,566.00
 
Based on the given nancial statements, compute for the following nancialratios for each year:
a.Working Capital b.Debt-equity ratioc.Quick ratiod.Current ratioe.Debt to Equity Ratio
f.Assets Turnover Ratio
g.Receivable turn-over h.Inventory turn-ovei.Return on Equity j.Return on Investentk.Return on asset
 
Meaning of Financial Management
!inancial "anageent eans planning# organi$ing# directing and controlling the %inancial activities such as procureent and utili$ation o% %unds o% the enterprise. It eans applying general anageent principles to %inancial resources o% the enterprise.
Scope/Elements
&.Investent decisions includes investent in %i'ed assets (called as capital  budgeting). Investent in current assets are also a part o% investent decisions called as *orking capital decisions. +.!inancial decisions - ,hey relate to the raising o% %inance %ro various resources *hich *ill depend upon decision on type o% source# period o% %inancing# cost o% %inancing and the returns thereby. .Dividend decision - ,he %inance anager has to take decision *ith regards to the net pro%it distribution. et pro%its are generally divided into t*o/ a.Dividend %or shareholders- Dividend and the rate o% it has to be decided.  b.Retained pro%its- 0ount o% retained pro%its has to be %inali$ed *hich *ill dependupon e'pansion and diversi%ication plans o% the enterprise.
Objectives of Financial Management
,he %inancial anageent is generally concerned *ith procureent# allocation and control o% %inancial resources o% a concern. ,he objectives can be- &.,o ensure regular and adequate supply o% %unds to the concern. +.,o ensure adequate returns to the shareholders *hich *ill depend upon the earning capacity# arket price o% the share# e'pectations o% the shareholders. .,o ensure optiu %unds utili$ation. 1nce the %unds are procured# they should be utili$edin a'iu possible *ay at least cost. 2.,o ensure sa%ety on investent# i.e# %unds should be invested in sa%e ventures so that adequate rate o% return can be achieved.
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