LOPEZ HOLDING CORPORATION

Horizontal Analysis-Comparative Statement of Financial Position

December 31, 2014

2014

Increase (Decrease)
2013 Amount Percent

ASSETS
Current Assets
Cash and cash equivalent
Short Term Investment
Inventories
Other current assets
Total current assets
Non- Current Assets
Property, plant & equipment
Goodwill
Intangible Assets
Deferred Income Tax
Prepaid Pension Benefit
Other Long Term Assets

106,526

53,433
2,675
13,405
32,740
102,25
3

118,938

96,286

22,652

19.05%

53,971
2,064

(367)
(62)
(114)
6,400

0.68%
3.00%
11.18%

Total Non-Current Asset

232,198

54,338
2,126
114
50,825
203,68
9
305,94
2
Equity

28,509

12.28%

32,782

9.68%

41.60%
100.00%
76.62%
1334.88%
25.44%

Total Assets

46,681
5,335
15,218
39,292

57,225

338,724
Liabilities & Shareholder's

Liabilities
Current Liabilities
Short Term Debts
Accouts Payable
Taxes Payable
Other Current Liabilities
Total current Liabilities
Non-Current Liabilities
Long Term Debt
Deferred Taxes Liabilities
Accrued Liabilities
Pensions and other Benefit Liabilities
Minority Interest
Other Long Term Liabilities
Total Non-Current Liabilities
Total Liabilities
Shareholder's Equity
Paid-up Capital
Retained Earnings
Accumulated other comprehensive income

(6,752)
2,660
1,813
6,552

14.46%
49.86%
11.91%
16.68%

4,273

4.01%

21,126
31,654
928
2,021
55,729

12,338
217
28,999
41,554

8,788
31,654
711
(26,978)
14,175

143,157
3,179

137,471
2,835

5,686
344

3.97%
10.82%

87,276
7,092
240,704
296,433

75,907
7,393
223,606
265,160

11,369
(301)
17,098
31,273

13.03%
4.24%
7.10%
10.55%

54
44,174
-1,937

31
40,112
639

23
4,062
(2,576)

42.59%
9.20%
132.99%

Total Shareholder's Equity

Total Liabilities & shareholder's Equity

42,291
338,724

40,782
305,942

1,509
32,782

3.57%
9.68%

LOPEZ HOLDING CORPORATION

Horizontal Analysis-Comparative Income Statements
December 31, 2014
Increase (Decrease)
2014
Revenue

2013 Amount

Percent

100,654

93,308

7,346

7.30%

Cost of Revenue

63,507

64,371

(864)

1.36%

Gross Profit

37,147

28,937

8,210

22.10%

13,586

11,593

1,993

14.67%

3,376

5,698

(2,322)

68.78%

Total Operating Expenses

16,962

17,291

(329)

1.94%

Operating Income

20,185

11,646

8,539

42.30%

526

-804

1,330

252.85%

20,711

10,842

9,869

47.65%

4,378

3,383

995

22.73%

16,333

7,459

8,874

54.33%

-573

-5,516

4,943

862.65%

-12,000

1,943

(13,943)

116.19%

3,760

1,943

1,817

48.32%

Operating Expenses
Research & Development
Sales, General, administrative expenses
Other Operating expenses

Other Income
Income Before Taxes
Provision for Income Taxes
Net Income From continuing operation
Net Income From discontinuing operation
Other
Net Income

LOPEZ HOLDING CORPORATION

Vertical Analysis-Comparative Income Statements
December 31, 2014

2014

2013

2014

2013

100,654

93,308

100.00%

100.00%

Cost of Revenue

63,507

64,371

63.09%

68.99%

Gross Profit

37,147

28,937

36.91%

31.01%

0.00%

0.00%

Revenue

Operating Expenses
Sales, General, administrative expenses

13,586

11,593

13.50%

12.42%

3,376

5,698

3.35%

6.11%

Total Operating Expenses

16,962

17,291

16.85%

18.53%

Operating Income

20,185

11,646

20.05%

12.48%

526

-804

0.52%

0.86%

20,711

10,842

20.58%

11.62%

4,378

3,383

4.35%

3.63%

16,333

7,459

16.23%

7.99%

-573

-5,516

0.57%

5.91%

-12,000

1,943

11.92%

2.08%

3,760

1,943

3.74%

2.08%

Other Operating expenses

Other Income
Income Before Taxes
Provision for Income Taxes
Net Income From continuing operation
Net Income From discontinuing operation
Other
Net Income

LOPEZ HOLDING CORPORATION

Vertical Analysis-Comparative Statement of Financial Position
December 31, 2014

Current Assets
Cash and cash equivalent
Short Term Investment
Inventories
Other current assets
Total current assets
Non- Current Assets
Property, plant & equipment
Goodwill
Intangible Assets
Deferred Income Tax
Prepaid Pension Benefit
Other Long Term Assets
Total Non-Current Asset
Total Assets

ASSETS
2014
46,681
5,335
15,218
39,292
106,526

2013
53,433
2,675
13,405
32,740
102,253

2014
13.78%
1.58%
4.49%
11.60%
31.45%

2013
17.47%
0.87%
4.38%
10.70%
33.42%

118,938

96,286

35.11%

31.47%

54,338
15.93%
2,126
0.61%
114
57,225
50,825
16.89%
232,198 203,689
68.55%
338,724 305,942 100.00%
Liabilities & Shareholder's Equity

17.76%
0.69%
0.04%
16.61%
66.58%
100.00%

Liabilities
Current Liabilities
Short Term Debts
Accouts Payable
Taxes Payable
Other Current Liabilities
Total current Liabilities
Non-Current Liabilities
Long Term Debt
Deferred Taxes Liabilities
Accrued Liabilities
Pensions and other Benefit Liabilities
Minority Interest
Other Long Term Liabilities
Total Non-Current Liabilities
Total Liabilities
Shareholder's Equity
Paid-up Capital
Retained Earnings
Accumulated other comprehensive income

53,971
2,064

21,126
31,654
928
2,021
55,729

12,338
217
28,999
41,554

6.24%
9.35%
0.27%
0.60%
16.45%

4.03%
0.07%
9.48%
13.58%

143,157
3,179

137,471
2,835

42.26%
0.94%

44.93%
0.93%

87,276
7,092
240,704
296,433

75,907
7,393
223,606
265,160

25.77%
2.09%
71.06%
87.51%

24.81%
2.42%
73.09%
86.67%

54
44,174
-1,937

31
40,112
639

0.02%
13.04%
0.57%

0.01%
13.11%
0.21%

Total Shareholder's Equity

Total Liabilities & shareholder's Equity

42,291
338,724

40,782
305,942

Financial Ratios
Profitability
1. Gross Profit Ratio
2014
37,147/100,654
=36.91%
2013
28,937/93,308 =31.01%
2. Operating Ratio
2014
20,185/100,654
=20.05%
2013
11,646/93,308 =12.48%
3. Return on Revenue
2014
3,760/100,654 =3.74%
2013
1,943/93,308 =2.08%
Liquidity
1. Working Capital
2014
106,526-55,729
2013
102,253-41,554
2. Current Ratio
2014
106,526/55,729
2013
102,253/41,554
3. Asset Turnover
2014
100,654/322,333
2013
93,308/305,942

=50,797
=60,699
=1.91 : 1
=2.46 : 1
=31 times
=.3 times

Solvency
1. Debt Ratio
2014
2013
2. Equity Ratio
2014
2013

296,433/338,724
265,160/305,942

=87.51%
=86.67%

42,291/338,724
40,782/305,942

=12.49%
=13.33%

12.49%
100.00%

13.33%
100.00%