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Financial Statements
Income statement A summary of the revenue and expenses for a specific period of time. Statement of owners equity A summary of the changes in the owners equity that have occurred during a specific period of time. Balance sheet A list of the assets, liabilities, and owners equity as of a specific date. Statement of cash flows A summary of the cash receipts and disbursements for a specific period of time.
Income Statement
Income Statement
Laporan Laba Rugi Harley Davidson 31-12-2002 2002 4,195,197 2,673,129 1,522,068 465,831 160,119 625,950 896,118 17,849 878,269 298,052 580,217 36% 21% 14% 25%
Penjualan Harga pokok penjualan Laba kotor Beban penjualan, umum dan administrasi Depresiasi Jumlah beban usaha Laba usaha Biaya bunga Pendapatan sebelum pajak Provisi pajak pendapatan Pendapatan bersih Gross margin Operating margin Net Margin EBITDA margin
Laporan Laba Rugi Harley Davidson 31-12-2002 2002 4,195,197 2,673,129 1,522,068 465,831 160,119 625,950 896,118 17,849 878,269 298,052 580,217 36% 21% 14% 25%
Penjualan Harga pokok penjualan Laba kotor Beban penjualan, umum dan administrasi Depresiasi Jumlah beban usaha Laba usaha Biaya bunga Pendapatan sebelum pajak Provisi pajak pendapatan Pendapatan bersih Gross margin Operating margin Net Margin EBITDA margin
Rasio Profitabilitas
Total Assets =
Balance Sheet
Assets Current Assets
Cash Marketable Securities Accounts Receivable Inventories Prepaid Expenses
Long-Term Liabilities
Long-term notes Mortgages
Fixed Assets
Machinery & Equipment Buildings and Land
Equity
Preferred Stock Common Stock (Par value) Paid in Capital Retained Earnings
Other Assets
Investments & patents
Assets
Current Assets: assets that are relatively liquid, and are expected to be converted to cash within a year.
Cash, marketable securities, accounts receivable, inventories, prepaid expenses.
Assets
Fixed Assets: machinery and equipment, buildings, and land.
Assets
Other Assets: any asset that is not a current asset or fixed asset.
Intangible assets, such as patents and copyrights.
Financing
Debt Capital: financing provided by a creditor. Short-term debt: borrowed money that must be repaid within the next 12 months.
Accounts payable, other payables such as interest or taxes payable, accrued expenses, short-term notes.
Long-term debt: loans from banks or other sources that lend money for longer than 12 months.
Financing
Equity Capital: shareholders
investment in the firm. Preferred Stockholders: receive fixed dividends, and have higher priority than common stockholders in event of liquidation of the firm. Common Stockholders: residual owners of a business. They receive whatever is left after creditors and preferred stockholders are paid.
Cash flows paid to - or received from - the firms investors (creditors & stockholders)
Change in gross fixed assets, and any other assets that are on the balance sheet.
Tax Example:
Space Cow Computer has sales of $32 million, cost of goods sold at 60% of sales, cash operating expenses of $2.4 million, and $1.4 million in depreciation expense. The firm has $12 million in 9.5% bonds outstanding. The firm will pay $500,000 in dividends to its common stock holders. Calculate the firms tax liability.
Sales Cost of Goods Sold Operating Expenses Depreciation Expense EBIT Interest Expense Taxable Income
Income Tax Rate 50,000 x 0.15 = 25,000 x 0.25 = 25,000 x 0.34 = 235,000 x 0.39 = 7,525,000 x 0.34 = Total Tax Payments Atau, total tax payments: 7,860,000 x 0.34 =
2,672,400