How To Find And Save Your Company’s Annual Reports – Step By Step Guide

PRADA Group
Statements of Movements in Equity
Years ended 31 January
		2016	2015	2014	2013
		€          –	€          –	€          –	€          –
Balance at 1 February	30,97,377	30,18,147	27,01,540	23,30,492
Dividends	(2,82,177)	(2,84,699)	(2,90,849)	(2,36,928)
Share capital Increase	1,014	409
Acquistion of Marchesi Angelo sri		(2,359)
Capital injenction in subsidiaries		2,125	40
Transaction with non controlling share holders	(1,728)	(765)
Comprehensive Income for the year (recycled to PL)	2,87,588	3,58,959	6,09,722	6,12,918
Comprehensive Income for the year (not yet recycled to PL)	2,456	5,326	(2,032)	(4,982)
Balance as at 31 January	31,04,530	30,97,377	30,18,147	27,01,540
PRADA Group
Balance Sheets
as at 31 January
		2016	2015	2014	2013
		€          –	€          –	€          –	€          –
Assets
Current Assets
Cash and Cash Equivalent	7,22,214	6,80,601	7,08,966	5,68,414
Trade Receivable (net)	2,85,504	2,54,183	3,46,284	3,08,405
Inventories (net)	5,26,941	6,92,672	6,54,545	4,49,903
Derivative Financial Instrument	7,045	11,682	6,287	13,984
Receivable from and advance payment to related parties	14,964	19,629	3,240	5,993
Other Current Assets	2,53,375	2,29,671	1,80,633	1,14,897
Total Current Assets	18,10,043	18,88,438	18,99,955	14,61,596
Non Current Assets
Property, Plant and Equipment	15,42,684	15,17,779	14,74,218	12,30,192
Intangible Assets	9,21,800	9,32,238	9,43,304	9,01,289
Associated Undertaking	11,775	17,354	30,529	21,186
Deferred tax assets	2,47,266	2,80,572	2,80,893	2,01,245
Other non current assets	1,23,361	1,13,954	91,353	69,867
Derivative Financial Instrument- Non current	721	1,106	1,430
Receivable from and advance payment to related parties	5,499	17,429	1,487
Total Non Current Assets	28,46,886	28,68,117	28,38,832	24,26,696
Total Assets	46,56,929	47,56,555	47,38,787	38,88,292
Liabilities and Shareholders Equity
Current Liabilities
Short term financial payable and Overdraft	1,51,211	2,70,766	2,63,335	61,909
Payable to related related parties – Current	5,542	5,244	3,083	4,894
Trade Payable	2,56,094	2,81,699	4,37,420	3,48,534
Tax Payable	65,467	80,744	1,33,914	1,32,145
Derivative financial Instruments- Current	13,634	11,095	56,772	3,803
Obligation under finance lease- current		21	524
Other Current Liabilities	1,44,827	1,42,271	2,20,480	1,54,666
Total Current Liabilities	6,36,775	7,91,819	11,15,025	7,06,475
Non Current Liability
Long term financial Payables	5,47,628	5,20,475	2,55,203	2,07,950
Obligation under finance lease non current		19
Long term employee benefits	67,211	69,405	85,754	63,279
Provision for risks and charges	82,323	69,233	63,695	52,660
Deferred Tax Liabilities	31,140	36,882	41,634	42,671
Other Non current Liability	1,79,072	1,61,317	1,28,752	98,982
Derivative financial Instruments- Non current	8,250	10,047	17,283	1,469
Payable to related related parties – Non Current	13,384	13,247
Total Non Current Liabilities	9,15,624	8,67,359	6,05,705	4,80,277
Total Liability	15,52,399	16,59,178	17,20,730	11,86,752
Share Capital	2,55,882	2,55,882	2,55,882	2,55,882
Total Other Reserve	24,01,500	23,55,023	21,63,129	18,53,325
Translation Reserve	1,44,791	1,38,547	1,30,996	(49,438)
Net Income of the Year	2,78,329	3,30,888	4,50,730	6,27,785
Equity Attributable to owners of the group	30,80,502	30,80,340	30,00,737	26,87,554
Equity Attributable to non controlling interest	24,028	17,037	17,410	13,986
Total equity	31,04,530	30,97,377	30,18,147	27,01,540
Total liability and Total equity	46,56,929	47,56,555	47,38,877	38,88,292
Net Current Assets	17,13,268	10,96,619	7,84,930	7,55,121
Total Assets less current liabilities	40,20,154	39,64,736	36,23,852	31,81,817
PRADA Group
Income Statements
Years ended 31 January
		2016	2015	2014	2013
		€          –	€          –	€          –	€          –
Net Revenue	31,84,069	35,47,771	35,51,696	35,87,347
Cost of Goods sold	(8,94,957)	(9,80,206)	(10,01,117)	(9,38,698)
Gross margin	22,89,112	25,67,565	25,50,579	26,48,649
Operating expenses	(18,57,931)	(20,64,672)	(18,49,028)	(17,09,412)
EBIT		4,31,181	5,02,893	7,01,551	9,39,237
Interest and other financial Income	(18,003)	(29,872)	(34,304)	(17,357)
Dividends from Investments	2,252	2,311	455	1,016
Income before tax	4,15,430	4,75,332	6,67,702	9,22,896
Taxation		(1,31,240)	(1,41,994)	(2,08,484)	(2,85,091)
Net income for the year	2,84,190	3,33,338	4,59,218	6,37,805
Net Income non controlling interest	5,861	2,450	8,488	10,020
Net Income Group	2,78,329	3,30,888	4,50,730	6,27,785
Basic and Diluted earning per share	0.109	0.129	0.176	0.245
Working Area
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PRADA Group
Restated Statements of Movements in Equity
Years ended 31 January
		2004	2005	2006	2007	2008	2009	2016	2015	2014	2013
		$’000	$’000	$’000	$’000	$’000	$’000	€             –	€             –	€                –	€             –
Balance at 1 February						30,97,377.0	30,18,147.0	27,01,540.0	23,30,492.0
Operating Comprehensive Income
Transaction with non controlling share holders					(1,728.0)	(765.0)	0.0	0.0
Comprehensive Income for the year (recycled to PL)				2,87,588.0	3,58,959.0	6,09,722.0	6,12,918.0
Comprehensive Income for the year (not yet recycled to PL)								2,456.0	5,326.0	(2,032.0)	(4,982.0)
Other Financial Comprehensive Income
Acquistion of Marchesi Angelo sri								0.0	0.0	(2,359.0)	0.0
Capital injenction in subsidiaries						0.0	0.0	2,125.0	40.0
Total Comprehensive Income						33,85,693.0	33,81,667.0	33,08,996.0	29,38,468.0
Transaction with shareholders
Share capital Increase						1,014.0	409.0	0.0	0.0
Dividends								(2,82,177.0)	(2,84,699.0)	(2,90,849.0)	(2,36,928.0)
Equity at the end of the year						31,04,530.0	30,97,377.0	30,18,147.0	27,01,540.0
PRADA Group
Restated Statements of Financial Position
as at 31 January
		2004	2005	2006	2007	2008	2009	2016	2015	2014	2013
		$’000	$’000	$’000	$’000	$’000	$’000	€             –	€             –	€                –	€             –
Operating Assets
Cash and Cash Equivalent	7,22,214	6,80,601	7,08,966	5,68,414			7,22,214	6,80,601	7,08,966	5,68,414
Trade Receivable (net)	2,85,504	2,54,183	3,46,284	3,08,405			2,85,504	2,54,183	3,46,284	3,08,405
Inventories (net)	5,26,941	6,92,672	6,54,545	4,49,903			5,26,941	6,92,672	6,54,545	4,49,903
Receivable from and advance payment to related parties	14,964	19,629	3,240	5,993			14,964	19,629	3,240	5,993
Other Current Assets	2,53,375	2,29,671	1,80,633	1,14,897			2,53,375	2,29,671	1,80,633	1,14,897
Property, Plant and Equipment						15,42,684	15,17,779	14,74,218	12,30,192
Intangible Assets							9,21,800	9,32,238	9,43,304	9,01,289
Associated Undertaking						11,775	17,354	30,529	21,186
Deferred tax assets							2,47,266	2,80,572	2,80,893	2,01,245
Other non current assets						1,23,361	1,13,954	91,353	69,867
Receivable from and advance payment to related parties				0	5,499	17,429	1,487
Total operating Assets	18,10,043	18,88,438	18,99,955	14,61,596			46,49,884	47,44,152	47,31,394	38,72,878
Operating Liability
Short term financial payable and Overdraft					1,51,211.0	2,70,766.0	2,63,335.0	61,909.0
Payable to related related parties – Current								5,542	5,244	3,083	4,894
Trade Payable							2,56,094	2,81,699	4,37,420	3,48,534
Tax Payable								65,467	80,744	1,33,914	1,32,145
Obligation under finance lease- current										21	524
Other Current Liabilities						1,44,827	1,42,271	2,20,480	1,54,666
Obligation under finance lease non current								19
Long term employee benefits						67,211	69,405	85,754	63,279
Provision for risks and charges						82,323	69,233	63,695	52,660
Deferred Tax Liabilities						31,140	36,882	41,634	42,671
Other Non current Liability						1,79,072	1,61,317	1,28,752	98,982
Payable to related related parties – Non Current						13,384	13,247
Total opearting Liability								9,82,887	11,17,561	13,91,472	9,73,530
Net Operating Assets								36,66,997	36,26,591	33,39,922	28,99,348
Financial Obligation
Long term financial Payables						5,47,628	5,20,475	2,55,203	2,07,950
Derivative financial Instruments- Non current					8,250	10,047	17,283	1,469
Derivative financial Instruments- Current					13,634.0	11,095.0	56,772.0	3,803.0
Total Financial obligation						5,69,512.0	5,41,617.0	3,29,258.0	2,13,222.0
Financial Assets
Derivative Financial Instrument								7,045.0	11,682.0	6,287.0	13,984.0
Derivative Financial Instrument- Non current								721.0	1,106.0	1,430.0
Total Financial Assets						7,045.0	12,403.0	7,393.0	15,414.0
Net Financial Obligation						5,62,467.0	5,29,214.0	3,21,865.0	1,97,808.0
Share Capital							2,55,882.0	2,55,882.0	2,55,882.0	2,55,882.0
Total Other Reserve							24,01,500.0	23,55,023.0	21,63,129.0	18,53,325.0
Translation Reserve							1,44,791.0	1,38,547.0	1,30,996.0	(49,438.0)
Net Income of the Year						2,78,329.0	3,30,888.0	4,50,730.0	6,27,785.0
Equity Attributable to owners of the group					30,80,502.0	30,80,340.0	30,00,737.0	26,87,554.0
Equity Attributable to non controlling interest				24,028.0	17,037.0	17,410.0	13,986.0
Total equity							31,04,530.0	30,97,377.0	30,18,147.0	27,01,540.0
Total NFO + Equity							36,66,997.0	36,26,591.0	33,40,012.0	28,99,348.0
PRADA Group
Restated Statements of Financial Performance
Years ended 31 January
		2004	2005	2006	2007	2008	2009	2016	2015	2014	2013
		$’000	$’000	$’000	$’000	$’000	$’000	€             –	€             –	€                –	€             –
Operating Income
Net Revenue							31,84,069.0	35,47,771.0	35,51,696.0	35,87,347.0
Total Operating Income						31,84,069.0	35,47,771.0	35,51,696.0	35,87,347.0
COGS								(8,94,957.0)	(9,80,206.0)	(10,01,117.0)	(9,38,698.0)
Operating Expenses							(18,57,931.0)	(20,64,672.0)	(18,49,028.0)	(17,09,412.0)
Operating Profit before Income tax					4,31,181.0	5,02,893.0	7,01,551.0	9,39,237.0
Tax Expenses							(1,31,240.0)	(1,41,994.0)	(2,08,484.0)	(2,85,091.0)
Other operating Comprehensive Income
Dividends from Investments							2,252.0	2,311.0	455.0	1,016.0
Comprehensive Operating Income after tax					3,02,193.0	3,63,210.0	4,93,522.0	6,55,162.0
Net Financial Income							(18,003.0)	(29,872.0)	(34,304.0)	(17,357.0)
Comprehensive net profit						2,84,190.0	3,33,338.0	4,59,218.0	6,37,805.0
PRADA Group
RATIOS
Years ended 31 January
		2016	2015	2014	2013
Profitability Ratios
Gross Profit Margin	Gross profit/sales			19.26%
Net Profit Margin	Net profit after tax/sales
Return on Assets	Net profit after tax/total assets
Efficiency (or Asset Management) Ratios
Inventory Turnover Ratio	Cost of goods sold/ending inventory	189.20%
Days of Inventory	Inventory/av.daily cost of goods sold
Total Asset Turnover Ratio	Sales/total assets
Current Asset Turnover Ratio	Sales/current assets
Average Collection Period (Days Receivable)	Accounts receivable/av.daily credit sales
Liquidity Ratios
Current Ratio	Current assets/current liabilities
Quick Ratio 1	(Current assets – inventory – prepayments)/current liabilities	0.90%
Quick Ratio 2	(Current assets – inventory – prepayments – receivables)/current liabilities
Financial Structure Ratios
Debt/Equity Ratio	Debt/equity
Equity Ratio	Equity/total assets
Times Interest Earned	Earnings before interest & tax/interest
Market Ratios
Earnings per Share (EPS)	Net profit after tax/nos of issued ordinary shares
Dividends per Share (DPS)	Dividends/number of issued ordinary shares
Dividend Yield Ratio	Dividends per share/market price per share
Price Earnings Ratio	Market price per share/earnings per share
Net Asset Backing per Share Ratio	Net assets (owners equity)/number of shares issued
Market/Book Ratio	Market price per share/net asset backing per share	5.20%
Ratios Based on Reformulated Financial Statements
Dividend Payout Ratio	Dividends/comprehensive income
Return on Equity (ROE)	Comprehensive Income/shareholders’ equity
Return on Net Operating Assets (RNOA)	Operating income after tax (OI)/net operating assets (NOA)
Net Borrowing Cost (NBC)	Net fin. expenses after tax/net financial obligations
Profit Margin (PM)	Operating income after tax (OI)/sales
Operating Liability Leverage (OLLEV)	Av.operating liabilities/av.net operating assets
Financial Leverage (FLEV)	Av.net financial obligations/av.shareholders’ equity
Return on Operating Assets (ROOA)	(OI after tax + implicit interest after tax)/av.operating assets
Operating Liability Leverage Spread (OLSPREAD)	ROOA – short-term borrowing rate (after tax)
Asset Turnover (ATO)	Sales/net operating assets (NOA)
Growth in Sales	Change in sales/prior period’s sales
Growth in Operating Income	Change in OI after tax/prior period’s OI after tax
Growth in Net Operating Assets	Change in NOA/opening NOA
Growth in Shareholders’ Equity	Change in shareholders’ equity/opening shareholders’ equity
Economic profit	(RNOA – cost of capital) x net operating assets (NOA)
OPTION 1: BUNNINGS
Time period	0	1	2	3	4	5	6	7	8	9	10
Cashflow	-77	-4	5	15	20	20	20	25	25	10	13
NPV	$5.88
IRR	11.4%
Time period	0	1	2	3	4	5	6	7	8	9	10
Cashflow	-77	-4	5	15	20	20	20	25	25	10	13
Cumulative Cashflow	-77	-81	-76	-61	-41	-21	-1	24	49	59	72
Payback Period	6 years	14.6	days
		0.48	months
		0.04	years
OPTION 2: COLES
Time period	0	1	2	3	4	5	6	7	8	9	10
Cashflow	-135	-5	-1	10	15	15	20	20	20	25	13.5
NPV	-$66.61
IRR	-0.3%
Time period	0	1	2	3	4	5	6	7	8	9	10
Cashflow	-135	-5	-1	10	15	15	20	20	20	25	13.5
Cumulative Cashflow	-135	-140	-141	-131	-116	-101	-81	-61	-41	-16	-2.5
Payback Period	Investment is never paid back within 10 years