Exam (elaborations) Mac3702 Assignment 1 Mac3702 Assignment 1 – Semester 1

Mac3702 Assignment 1 – Semester 1

1. 3

2019 2018
Profit before interest and tax 𝑃𝐵𝐼𝑇 492 197 430 046
=1 949 200 x 100% x 100%
𝑅𝑒𝑣𝑒𝑛𝑢𝑒 1 549 808
margin = 25,25% = 27,75%


Therefore change in PBIT margin = 25,25% - 27,75% = -2,50%

2. 2

2019
Profit before tax, interest and amortisation 530,869
Non-trading items
Less: Other income (19,198)




m
er as
Add: Loss on sale of non-core assets ** 4 500




co
Add: once off special levy 38,158




eH w
Earnings before interest, tax and amortisation (trading profit) 554,329m




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rs e
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3. 3
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aC s
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4. 3

(𝑐𝑎𝑠ℎ 𝑐𝑎𝑠ℎ 𝑒𝑞𝑢𝑖𝑣𝑎𝑙𝑒𝑛𝑡𝑠+𝑚𝑎𝑟𝑘𝑒𝑡𝑎𝑏𝑙𝑒 𝑠𝑒𝑐𝑢𝑟𝑖𝑡𝑖𝑒𝑠) (11 512+160 272)
Cash interest cover = = = 3,78 times
𝐼𝑛𝑡𝑒𝑟𝑒𝑠𝑡 45 441
ed d
ar stu




5. 2

𝑁𝑒𝑡 𝑃𝑟𝑜𝑓𝑖𝑡 𝑓𝑜𝑟 𝑡ℎ𝑒 𝑦𝑒𝑎𝑟 1 949 200 𝑥 17%
Return on equity = x 100% = x 100% = 83,75%
𝐸𝑞𝑢𝑖𝑡𝑦 395 646
sh is




** Since profit for the year was not given, the net profit margin will be used to calculate the net
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profit.

*** The opening balance is the closing balance from the previous year.

6. 4



7. 4

(𝑇𝑜𝑡𝑎𝑙 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑏𝑒𝑎𝑟𝑖𝑛𝑔 𝑑𝑒𝑏𝑡−𝑐𝑎𝑠ℎ 𝑎𝑛𝑑 𝑐𝑎𝑠ℎ 𝑒𝑞𝑢𝑖𝑣𝑎𝑙𝑒𝑛𝑡𝑠)
Net interest bearing debt to equity ratio = 𝑇𝑜𝑡𝑎𝑙 𝑠ℎ𝑎𝑟𝑒ℎ𝑜𝑙𝑑𝑒𝑟 ′ 𝑠 𝑒𝑞𝑢𝑖𝑡𝑦




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