Balance Sheet

Period Ending: Dec-17 Dec-16

Current assets
Cash and cash equivalents 456,000 355,643
Accounts receivable 23,456 342,134
Inventories 1,231,123 1,034,234
Other current assets 232,445 343,434
Total current assets 1,943,024 2,075,445
Non-current assets
Property, plant and equipment 6,534,343 7,231,232
Goodwill 5,000,000 500,000
Other intangible assets 343,234 500,300
Deferred tax assets 0 0
Other assets 232,331 510,000
Total non-current assets 12,109,908 8,741,532
Total assets 14,052,932 10,816,977
Current liabilities
Accounts payable 341,234 320,000
Short-term debt 164,433 450,000
Income taxes payable 50,000 34,000
Accrued expenses and other current liabilities 452,354 250,343
Total current liabilities 1,008,021 1,054,343
Non-current liabilities
Long-term debt 8,345,243 7,500,000
Pensions 1,232,313 1,103,400
Deferred tax liability 1,234,232 1,100,434
Other long-term liabilities
Total non-current liabilities 10,811,788 9,703,834
Total liabilities 11,819,809 10,758,177
TOTAL EQUITY (= Total assets - Total liabilities) 2,233,123 58,800
Stockholder's Equity
Common stock 5,231,334 6,000,000
Retained earnings 434,321 53,321
Less: treasury stock
Total stockholder's equity 5,665,655 6,053,321
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY 14,052,932 10,816,977

Statement of facts:
The ratio of current assets to total assets was 19% during 2016, which was decreased to 14% in 2017 and the ratio of non-
Current liabilities to total liabilities was 10% in 2016 and 9% in 2017, which means it is decreased by 1%. The ratio of non-c
were increased by 3,235,955 in 2017. Total liabilities were increased by 1,061,632 during 2017.
 Absolute N Percentage 17-Dec 16-Dec

100,357 28.218466
(318,678) -93.14421
196,889 19.037181
(110,989) -32.31742
(132,421) -6.380367 14 19
0
(696,889) -9.63721
4,500,000 900
(157,066) -31.39436
0
(277,669) -54.4449
3,368,376 38.533017 86 81
3,235,955 29.915521
0
21,234 6.635625
(285,567) -63.45933
16,000 47.058824
202,011 80.693688
(46,322) -4.393447 9 10
0
845,243 11.269907
128,913 11.683252
133,798 12.158657
0
1,107,954 11.417693 91 90
1,061,632 9.8681403
2,174,323 3697.8282
0
(768,666) -12.8111
381,000 714.54024
0
(387,666) -6.404187
3,235,955 29.915521

4% in 2017 and the ratio of non-current assets to total assets was 81% in 2016, which was increased to 86% during 2017. The ratio of
reased by 1%. The ratio of non-current liabilities to total liabilities was 90% in 2016 which was increased by 1% in 2017.The total asset
2017.
 86% during 2017. The ratio of
ed by 1% in 2017.The total assets