Integrated Company

Comparative Statement of Financial Position

Restated in terms of December 31, 2014 current pesos

December
Historical

NM
NM
NM
NM

NM

Cash and cash equivalents

Accounts receivables
Allowance for doubtful accounts
Inventory
Equipment
Accumulated Depreciation
Land
Total Assets

1,050,000
1,400,000
(40,000)
1,650,000
1,000,000
(450,000)
800,000
5,410,000

Current Liabilities
Noncurrent liabilities
Share Capital
Retained Earnings
Total Liability and Equity

350,000
1,100,000
2,500,000
1,460,000
5,410,000

Integrated Company
Statement of Income and Retained Earnings
Year Ended Decmber 31, 2015
Restated to December 31, 2014 current pesos

Historical
Sales
Cost of Sales
BI
Purchases
TGAS
EI
COS
Gross Income

Fraction
5,520,000
1,500,000
3,000,000
4,500,000
(1,650,000)
2,850,000

1.25
2
1
1

2,670,000

Expenses:
Admin
Depreciation
Loss on Purchasing Power
Total
NIBT
Less: Inc. Tax

1,080,000
250,000

1.25
2

1,330,000
1,340,000
402,000

Net Income
RE, beg
Total
Less: Dividends Paid

938,000
700,000
1,638,000
(248,000)

RE,end

1,390,000
1,460,000
(70,000) variance

December 31 2015
Fraction
Restated

2,410,000
1.250000
2.0000
2.0000
2.0000

1,450,000
2.5

Restated
6,900,000
2,500,000
3,750,000
6,250,000
(2,062,500)
4,187,500
2,712,500

1,350,000
500,000
106,250
1,956,250
756,250
502,500

1,050,000
1,400,000
(40,000)
2,062,500
2,000,000
(900,000)
1,600,000
7,172,500
350,000
1,100,000
6,250,000
(527,500)
7,172,500

7,700,000

253,750
(393,750)
(140,000)
(387,500)
(527,500)

December 31 2014
Fraction
Restated

Historical

750,000
1,250,000
(30,000)
1,500,000
1,000,000
(200,000)
800,000
5,070,000

1.6
1.6
1.6
1.7
2.0
2.0
2.0

300,000
1,570,000
2,500,000
700,000
5,070,000

Net MA, beg. Restated

Increase in MA, Restated - Sales
Decrease in MA, Restated
Purchases
Admin
Income Tax
Dividends
NMA, 2015 Restated
NMA, 2015 Historical Cost
Loss on purchasing power

1,171,875
1,953,125
(46,875)
2,500,000
2,000,000
(400,000)
1,600,000
8,778,125
1.5625
1.5625
2.5

468,750
2,453,125
6,250,000
(393,750)
8,778,125

3,078,125

2,921,875
9,171,875

156,250
6,900,000
7,056,250
3,750,000
1,350,000
502,500
387,500
1,066,250
960,000
106,250

5,990,000