Statement of Financal Performance

J.Lee Electrical Appliance Pte. Ltd.

Assets Figure in $000 Figure in $000
Current assets: 2010 2009
Cash at bank 6.00 110.00
Inventories 180.00 154.00
Accounts receivable 360.00 320.00
Pre-paid expenses 8.00 6.00
Other - -
Total current assets 554.00 590.00
Fixed assets: 2010 2009
Property and equipment 312.00 280.00
Less accumulated depreciation (28.00) (26.00)
Total fixed assets 284.00 254.00
Total assets
838.00 844.00
Liabilities and owner's equity
Current liabilities: 2010 2009
Accounts payable 390.00 340.00
Accrued Expenses 4.00 8.00
Provision for depreciation 26.00 -
Other - -
Total current liabilities 420.00 348.00
Long-term liabilities: 2010 2009
Loan 200.00 200.00
Total long-term liabilities 200.00 200.00
Owner's equity: 2010 2009
Paid Up Capital 130.00 130.00
Retained earnings 88.00 166.00
Total owner's equity 218.00 296.00
Total liabilities and owner's equity
838.00 844.00
Balance - -
Notes Figures in $000
Retained Earning (2010) Retained Earning (opening) + Net Profit - Dividend Paid
90 + 60 - 62 = $88
Retained Earning (2009) 0 + 166 - 0 = $166
(100.00)
-
100.00
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600.00
Year-over-year comparison