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Financial Statement Information

Product Information
Income Statement (in '000 euros)
2006
2007
2008
2009 Sales
Sales
2430
3888
10887
38103 Petrol
COGS
1580
2527
7403
27815 Food, snacks and drin
GP
850
1361
3484
10288 Total
Depreciation
100
54
138
557 COGS
COGS (incl Dep)
950
1415
3622
10845 Petrol
Other operatin expenses
340
622
1742
6859 Food, snacks and drin
Operating Income
410
685
1604
2872 Total
Interest expense
150
36
163
653 Inventory
PBT
260
649
1441
2219 Petrol
Tax
65
162
360
555 Food, snacks and drin
PAT
195
487
1081
1664 Total
Dividends
100
250
800
800
Payout ratio
0.512821 0.513347 0.740056 0.480769 Change in Financial Po
Balance Sheet
2006
2007
2008
2009 Balance Sheet
Cash
200
320
896
3136 Cash
Receivables
199
427
1640
7830 Receivables
Inventory
195
415
1217
4953 Inventory
TCA
594
1162
3753
15919 TCA
PPE
608
1023
3110
13608 PPE
Accum Dep
100
154
292
849 Accum Dep
Net PPE
508
569
1509
5802 Net PPE
TA
1102
2031
6571
28678 TA
Accounts payable
50
75
674
3458 Accounts payable
STL
201
282
1895
9743 STL
TCL
251
357
2569
13201 TCL
LTL
100
321
1600
6000 LTL
Paid-up capital
656
1021
1789
8000 Paid-up capital
Reserves
95
332
613
1477 Reserves
TSE
751
1353
2402
9477 TSE
TL
1102
2031
6571
28678 TL
Benchmarking Competitors
(for year ending 31 Dec 2009) Zip AG
Schnel AGSparPetrol AG
Primo
Day's receivable
35
32
40
75.00591
Day's inventory
42
39
35
64.99533
Day's payable
31
35
27
55.20821
GPM
0.28
0.26
0.3
0.270005
NPM
0.08
0.1
0.06
0.043671
ROIC
0.125
0.14
0.11
0.091872
ROA
0.09
0.12
0.1
0.058024
ROE
0.23
0.19
0.22
0.175583
Ratio Analysis
2006
2007
2008
2009
GPM (inclDep)
0.349794 0.350051 0.320015 0.270005
GPM (exl Dep)
0.308642 0.336163 0.307339 0.255387

GPM (Petrol)
GPM (food)
NPM
ROIC
Post-tax ROIC
ROE
ROA
TATR
NS/day
Day's receivable
DTR
ITR
Days' inventory
Petrol Day's inventory
Food, snacks..Day's inventory
COGS/day
Day's payables
FATR
CATR
D/E
TA/TSE
ICR
CR
QR

0.279835
0.454733
0.080247
0.372051
0.279038
0.129827
0.176951
2.205082
6.657534
29.89095
12.21106
12.46154
29.29012
14.43564
10.34043
2.60274
7.510288
4.783465
4.090909
0.566578
1.467377
2.733333
2.366534
1.589641

0.270012
0.480704
0.125257
0.337272
0.252954
0.17997
0.239783
1.914328
10.65205
40.08616
9.105386
9.368675
38.95962
13.54494
6.232068
3.876712
7.040895
6.83304
3.345955
0.618625
1.501109
19.02778
3.254902
2.092437

0.270048
0.421492
0.099293
0.244103
0.183077
0.225021
0.164511
1.656825
29.8274
54.98301
6.638415
8.945768
40.80141
13.16787
5.417798
9.923288
22.59667
7.214712
2.900879
0.833056
2.735637
9.840491
1.46088
0.987155

0.250027
0.326873
0.043671
0.100146
0.07511
0.087791
0.058024
1.328649
104.3918
75.00591
4.866284
7.692913
47.44626
12.16962
3.757967
29.71233
33.12521
6.567218
2.393555
0.816556
3.026063
4.398162
1.205893
0.830695

roduct Information
2006

2007

2008

2009

ood, snacks and drin

1458
972
2430

2411
1477
3888

7295
3592
10887

28197
9906
38103

ood, snacks and drin

1050
530
1580

1760
767
2527

5325
2078
7403

21147
6668
27815

ood, snacks and drin

101
94
195

178
237
415

554
663
1217

2317
2636
4953

hange in Financial Position


alance Sheet

eceivables

ccum Dep

ccounts payable

aid-up capital

2008
896
1640
1217
3753
3110
292
1509
6571
674
1895
2569
1600
1789
613
2402
6571

Funds Flow Statement: Total Funds Basis


Sources
Uses
LTL
4400 Cash
Paid-up capital
6211 Receivables
Reserves
864 Inventory
TSE
7075 net ppe
accounts payable
2784
STL
7848
29182
Funds Flow Statement-WC Basis
Sources of WC
Uses of WC

2009 Change S/U


3136
2240 U
7830
6190 U
4953
3736 U
15919
12166
13608
10498
849
557
5802
4293 U
28678
22107
3458
2784 S
9743
7848 S
13201
10632
6000
4400 S
8000
6211 S
1477
864 S
9477
7075 S
28678
22107

2240
6190
3736
4293

16459

Flow
OOO-

I0+
F+
F+
F+
O+
F+

Changes in WC components
Uses
Sources

Total Sourcex
Change in NWC

Total uses
Cash Flow Statements
CF from Operations
Reported Net Profit-Other Income
ADD:Interest
Add;Dep
Reserves
Cash
Receivables
Inventory
Cash Flow from Investing
Net PPE

2006

2007

2008

2007

2008

2009
1664
653
557
864
-2240
-6190
-3736 Total Opera
2009
-4293
Invest/

Cash Flow from Financing


STL
LTL
Paid up capital
TSE
Total Addition from all sources
change in cash and bank balance

2007

2008

2009
7848
4400
6211
7075
12813
2240
Fin Total

-8428

-4293

25534

Income Statement
Net Sales
COGS
COGS as % of NS
GP
Selling & Admin exp
S&D exp as % of sales
Deppreciation
Interest
Avg Debt
Int as % of loan beg
PBT
Tax
mplied Tax rate
Net Income
Dividends
Payout ratio
Balance Sheet
Assets
Cash
Cash as % of sales
Debtors
Debtors as % sales
Inventories
Inventory as % sales
TCA
GB
Accum. Dep
NB
TA
Liabilities
Current maturity LTB
Creditors
Cr as % of sales
Accrued exp
TCL
LTB
Common stock
RE
TSF
Total sources
Gap (bank borrowing)

Tire City Inc.


1993
1994
1995 Avg
16230
20355
23505
20030
9430
11898
13612 11646.67
6800
5195

8457
6352

9893 8383.333
7471 6339.333

160
119

180
106

213 184.3333
94 106.3333

1326
546

1819
822

2115 1753.333
925 764.3333

780
155

997
200

1190
989
240 198.3333

508

609

706 607.6667

2545

3095

3652 3097.333

1630

1838

2190

4683
3232
1335
1897
6580

5542
3795
1515
2280
7822

6548
4163
1728
2435
8983

5591
3730
1526
2204
7795

125
1042

125
1325

125
1440

125
1269

1145
2312
1000
1135
2133
4268

1432
2882
875
1135
2930
4940

1653
3218
750
1135
3880
5765

1410
2804
875
1135
2981
4991

Future Income Statement


Assumption
Net Sales
COGS
GP
Selling & Admin exp
Deppreciation
Interest
PBT
Tax
Net Income
Dividends

Balance Sheet
Assets
Cash
Debtors
Inventories
TCA
GB
Accum. Dep
NB
TA
Liabilities
Current maturity LTB
Creditors
Accrued exp
TCL
LTB
Common stock
RE
TSF
Total sources
Gap (bank borrowing)

Profitability
Returns on net sales
Returns on capital
Return on equity
Liquidity
Current ratio
Quick ratio
Leverage
Assets/Equity

100
58.1552770527
41.8447229473
18.4157300539
0.3872481521
same as last year
8.7015067449
35%
subtract tax from pbt
0.9862134939

Assumption
remain at 3% of sale
15.4743556753
27.9795341054
18.7563110256
=same as previous year
subtract gb and accum dep

1996
28206.0
16403.3
11802.7
5194.3
109.2
94.0
6405.2
2241.8
4163.4
278.2

1996
846.2
4364.7
1625.0
6835.9
5290.4
1728.0
3562.4
10398.3

0.6386933852
6.352007573
7.0408364978
14.031537456
4.5503126754
=same as last year
14.68131761
25.0309662229

180.1
1791.6
1985.9
3957.7
1283.5
1135.0
7765.2
7060.2

Past financial performance


1993
0.048
0.058
0.036

1994
0.049
0.061
0.040

2.026
1.321

1.923
1.285

1.542

1.583

Debt/IC
ICR
Efficiency
NS/TA
NS/365
Days receivable
COGS/365
Days inventory
Annual purchases
(Cl Inv-beg Inv +COGS)
Purchases/365
Days payable
ROE Analysis
NP/NS
NS/TA
TA/TSF
ROE

2.467
44.466
18.027
25.836
36.657

2.602
55.767
21.430
32.597
32.958

23.4337646334 23.759518546
0.048
2.467
1.542
0.183

0.049
2.602
1.583
0.202

1997 Change
33847.2
19683.9
14163.3
6233.2
131.1
94.0
7705.0
2696.7
5008.2
333.8

Source/use

flow

5641.2
3280.7
2360.5
1038.9
21.8
0.0
1299.8
454.9
844.9
55.6

1997 change
source/use
flow
1015.4
169.2 u
O5237.6
872.9 u
O2190.0
565.0 u
O8443.1
1607.2 u
6348.5
1058.1 u
1848.0
120.0 u
4500.5
938.1 u
I12943.5
2545.3 u
0.0
216.2
36.0 s
F+
2150.0
358.3 s
O+
2383.1
397.2 s
O+
4749.3
791.5
1540.2
256.7 s
F+
1135.0
0.0
0.0
12439.6
4674.4 s
O+
8472.3
1412.0 s
F+
7134.7
4589.5
743.2

1995
0.051
0.061
0.042

1996
0.148
0.150
0.590

1997
0.148
0.150
0.591

2.035
1.354

1.727
1.317

1.778
1.317

1.558

1.473

1.528

2.617
64.397
24.611
37.293
34.008

2.713
77.277
56.481
44.940
21.028

2.615
92.732
56.481
53.929
23.616

22.3611997447

23.2

23.2

0.051
2.617
1.558
0.206

0.147605135
2.713
1.473
0.590

0.1479661693
2.615
1.528
0.591

Cash Flow from Operations


Retained earning
Add: Interest
Add: Depec
OCF before changes in WC
Cash Flow from Operations
Debtors
Inventory
OCF
CF from Investing
NB

1996
0.0
94.0
131.1
225.1
-169.2
-872.9
-565.0
-1382.1
1996
-938.1

CF from Financing
Current maturity LTB
LTB
TSF

1996
36.0
256.7
1412.0

CF from Financing
Change in Cash
Change in NWC
Change in TCA
Change in TCL
Change in NWC

1704.8
-615.4
1996
1607.2
791.5
815.6

1997

1997

1997

1997