Balance Sheet and Income Statement

Balance Sheet and Income Statement

Balance Sheet and Income Statement Jennifer Grayson BSA/500 June 4, 2011 Brian Keltch Balance Sheet and Income Statement The following four companies are related to the companies that have been in review over the last four weeks. These four following companies show how well the company has been doing over the last two years or not so well. The company has pulled their balance sheets and income statement to see if all the company’s financial needs are being met. If the company’s needs are not being met, the company will show where the company needs to cut back and where the company needs to improve. National Plastic Co

Nation Plastic Co is a Korea-based company that engages in synthetic resin products. The company’s products include industrial containers, beverage, leisure furniture, and pallets. National Plastic Co also produces moldings and plastic sheets. Nation Plastic Co is in Dawon-gu, Ansan-si, and Gyeonggi, Korea. Nation Plastic is related to Riordan Manufacturing both companies are invested into plastic. Nation Plastic Co Balance Sheet: Period End Date| 12/31/2011| 12/31/2010| Assets | + Cash ; Near Cash Items| 17,698. 41| 12,833. 48| + Short-Term Investments| 442. 18| 6,750. 00| + Accounts ; Notes Receivable| 64,667. 76| 51,408. 4| + Inventories| 22,697. 71| 41,142. 94| + Other Current Assets| 4,211. 31| 11,660. 34| Total Current Assets| 109,717. 37| 123,795. 11| + LT Investments ; LT Receivables| 21,758. 89| 12,729. 31| + Net Fixed Assets| 74,848. 00| 237,660. 76| + Other Long-Term Assets| 32,601. 65| 19,198. 67| Total Long-Term Assets| 129,208. 54| 269,588. 74| Total Assets| 238,925. 91| 393,383. 84| Liabilities ; Shareholders’ Equity | + Accounts Payable| 19,425. 17| 7,877. 42| + Short-Term Borrowings| 46,832. 84| 88,825. 17| + Other Short-Term Liabilities| 15,740. 95| 57,229. 20| Total Current Liabilities| 81,998. 96| 153,931. 78| Long-Term Borrowings| 31,767. 67| 59,615. 65| + Other Long-Term Liabilities| 5,428. 13| 12,966. 52| Total Long-Term Liabilities| 37,195. 80| 72,582. 17| Total Liabilities| 119,194. 76| 226,513. 95| + Total Preferred Equity| 2,640. 00| 2,640. 00| + Minority Interest| 146. 43| 62,910. 86| + Share Capital & APIC| 35,594. 28| 35,594. 28| + Retained Earnings & Other Equity| 81,350. 45| 65,724. 75| Total Equity| 119,731. 15| 166,869. 89| Total Liabilities & Equity| 238,925. 91| 393,383. 84| Nation Plastic Co Income Statement: Period End Date| 12/31/2011| 12/31/2010| Revenue| 271,003. 56| 333,663. 31| – Cost of Revenue| 228,175. 7| 259,936. 75| Gross Profit| 42,828. 20| 73,726. 56| – Operating Expenses| 25,279. 31| 30,637. 91| Operating Income| 17,548. 88| 43,088. 65| – Interest Expense| 3,470. 65| 14,605. 16| – Foreign Exchange Losses (Gains)| -26. 54| -63. 08| – Net Non-Operating Losses (Gains)| -3,632. 42| -10,312. 90| Pretax Income| 17,737. 19| 38,859. 48| – Income Tax Expense| 4,315. 39| 13,138. 66| Income Before XO Items| 13,421. 80| 25,720. 82| – Extraordinary Loss Net of Tax| 0. 00| 0. 00| – Minority Interests| -14. 59| 10,245. 75| Net Income| 13,436. 39| 15,475. 07| – Total Cash Preferred Dividends| 292. 60| 271. 70| – Other Adjustments| 543. 40| -20. 0| Net Inc. Avail to Common Shareholders| 12,600. 39| 15,224. 27| Abnormal Losses (Gains)| 256. 09| -161. 89| Tax Effect on Abnormal Items| 62. 31| -54. 74| Normalized Income| 12,918. 79| 15,007. 64| Basic EPS Before Abnormal Items| 367. 67| 412. 08| Basic EPS Before XO Items| 359. 00| 415. 00| Basic EPS| 359. 00| 415. 00| Basic Weighted Avg. Shares| 36. 72| 36. 72| Diluted EPS Before Abnormal Items| 367. 67| 412. 08| Diluted EPS Before XO Items| 359. 00| 415. 00| Diluted EPS| 359. 00| 415. 00| Diluted Weighted Avg. Shares| 36. 72| 36. 72| AMERCO Inc. AMERCO Inc. Company is the company that works with U-Haul International, Inc.

The Company, through its subsidiaries, offers trailers, rental of trucks, self-storage space, property, casualty insurance, and life insurance products. The company is located in Reno, NV. The company is related to Huffman Trucking both companies are in the trucking company. AMERCO Inc. Income Statement: Period End Date| 12/31/2011| 9/30/2011| | | Revenue| 633. 09| 703. 18| | | – Cost of Revenue| 556. 69| 452. 02| | | Gross Profit| 76. 40| 251. 16| | | – Operating Expenses| 51. 53| 66. 72| | | Operating Income| 24. 87| 184. 43| | | – Interest Expense| 22. 74| 22. 96| | | – Foreign Exchange Losses (Gains)| 0. 00| 0. 00| | | Net Non-Operating Losses (Gains)| 0. 00| 0. 00| | | Pretax Income| 2. 13| 161. 47| | | – Income Tax Expense| 1. 40| 60. 46| | | Income Before XO Items| 0. 73| 101. 01| | | – Extraordinary Loss Net of Tax| 0. 00| 0. 00| | | – Minority Interests| 0. 00| 0. 00| | | Net Income| 0. 73| 101. 01| | | – Total Cash Preferred Dividends| 0. 00| 0. 16| | | – Other Adjustments| 0. 00| 0. 00| | | Net Inc. Avail to Common Shareholders| 0. 73| 100. 85| | | Abnormal Losses (Gains)| 30. 66| -7. 92| | | Tax Effect on Abnormal Items| 0. 25| 2. 77| | | Normalized Income| 31. 64| 95. 70| | | Basic EPS Before Abnormal Items| 1. 63| 4. 94| | |

Basic EPS Before XO Items| 0. 04| 5. 20| | | Basic EPS| 0. 04| 5. 20| | | Basic Weighted Avg. Shares| 19. 48| 19. 47| | | Diluted EPS Before Abnormal Items| 1. 63| 4. 94| | | Diluted EPS Before XO Items| 0. 04| 5. 20| | | Diluted EPS| 0. 04| 5. 20| | | Diluted Weighted Avg. Shares| 19. 48| 19. 47| | | AMERCO Inc. Balance Sheet: Period End Date| 12/31/2011| 9/30/2011| | | Assets | + Cash & Near Cash Items| 438. 28| 448. 16| | | + Short-Term Investments| N/A| 0. 00| | | + Accounts & Notes Receivable| 351. 83| 227. 75| | | + Inventories| 56. 77| 57. 76| | | + Other Current Assets| 539. 10| 508. 04| | | Total Current Assets| 1,385. 7| 1,241. 71| | | + LT Investments & LT Receivables| 967. 00| 922. 09| | | + Net Fixed Assets| 2,281. 03| 2,239. 34| | | + Other Long-Term Assets| 0. 00| N/A| | | Total Long-Term Assets| 3,248. 03| 3,161. 43| | | Total Assets| 4,634. 00| 4,403. 14| | | Liabilities & Shareholders’ Equity | + Accounts Payable| 344. 21| 330. 67| | | + Short-Term Borrowings| 0. 00| 0. 00| | | + Other Short-Term Liabilities| 0. 00| 0. 00| | | Total Current Liabilities| 344. 21| 330. 67| | | + Long-Term Borrowings| 1,507. 98| 1,478. 58| | | + Other Long-Term Liabilities| 1,780. 64| 1,587. 54| | | Total Long-Term Liabilities| 3,288. 2| 3,066. 12| | | Total Liabilities| 3,632. 82| 3,396. 80| | | + Total Preferred Equity| 0. 00| 0. 00| | | + Minority Interest| 0. 00| 0. 00| | | + Share Capital ; APIC| 443. 34| 442. 62| | | + Retained Earnings ; Other Equity| 557. 84| 563. 72| | | Total Equity| 1,001. 18| 1,006. 34| | | Total Liabilities ; Equity| 4,634. 00| 4,403. 14| | | Kout Food Group Kout Food Group provides hospitality services, including establishment and management of restaurants and catering services, representation of foreign companies specialized in the food and beverage industry, import and export of foodstuff.

Kout Food Group is Kuwait. Kout Food Group is related to Kudler Fine Foods both companies are in the food company. Kout Food Group Balance Sheet: | | | Period End Date| 12/31/2011| 12/31/2010| Assets | + Cash ; Near Cash Items| 6. 48| 2. 79| + Short-Term Investments| 0. 01| 0. 35| + Accounts ; Notes Receivable| 0. 77| 0. 63| + Inventories| 3. 91| 3. 79| + Other Current Assets| 3. 83| 3. 33| Total Current Assets| 15. 01| 10. 89| + LT Investments ; LT Receivables| 0. 82| 1. 54| + Net Fixed Assets| 17. 98| 21. 98| + Other Long-Term Assets| 7. 20| 6. 93| Total Long-Term Assets| 26. 00| 30. 45| Total Assets| 41. 1| 41. 34| Liabilities ; Shareholders’ Equity | + Accounts Payable| 3. 94| 4. 76| + Short-Term Borrowings| 0. 25| 2. 15| + Other Short-Term Liabilities| 6. 08| 6. 13| Total Current Liabilities| 10. 27| 13. 03| + Long-Term Borrowings| 0. 00| 0. 38| + Other Long-Term Liabilities| 2. 23| 1. 70| Total Long-Term Liabilities| 2. 23| 2. 07| Total Liabilities| 12. 50| 15. 10| + Total Preferred Equity| 0. 00| 0. 00| + Minority Interest| -0. 21| -0. 22| + Share Capital & APIC| 7. 34| 7. 34| + Retained Earnings & Other Equity| 21. 38| 19. 10| Total Equity| 28. 51| 26. 23| Total Liabilities & Equity| 41. 01| 41. 4| Kout Food Group Income Statement: Period End Date| 12/31/2011| 12/31/2010| Revenue| 69. 10| 68. 80| – Cost of Revenue| 55. 38| 55. 06| Gross Profit| 13. 72| 13. 74| – Operating Expenses| 9. 54| 9. 28| Operating Income| 4. 18| 4. 46| – Interest Expense| 0. 04| 0. 34| – Foreign Exchange Losses (Gains)| -0. 02| -0. 03| – Net Non-Operating Losses (Gains)| 0. 29| -0. 12| Pretax Income| 3. 82| 4. 21| – Income Tax Expense| -0. 24| -0. 62| Income Before XO Items| 4. 05| 4. 83| – Extraordinary Loss Net of Tax| 0. 00| 0. 00| – Minority Interests| -0. 03| -0. 22| Net Income| 4. 08| 5. 04| – Total Cash Preferred Dividends| 0. 0| 0. 00| Net Inc. Avail to Common Shareholders| 4. 08| 5. 04| Abnormal Losses (Gains)| 1. 07| 0. 05| Normalized Income| 5. 15| 5. 10| Basic EPS Before Abnormal Items| 0. 07| 0. 07| Basic EPS Before XO Items| 0. 06| 0. 07| Basic EPS| 0. 06| 0. 07| Basic Weighted Avg. Shares| 73. 17| 73. 17| Diluted EPS Before Abnormal Items| 0. 07| 0. 07| Diluted EPS| 0. 06| 0. 07| Diluted Weighted Avg. Shares| 73. 17| 73. 17| Resaas Services Inc. Resaas Services Inc. designs, develops, and commercializes an integrated online- platform of technologies to service the real estate industry including realtors and property searchers.

The Company’s platform includes various tools and of services including custom webpage generator, the ability to create and submit new property listings, a Search Engine, and many other services. Resaas is related to McBride Financial Service both companies prove financial service. Resaas Income Statement: Period End Date| 12/31/2011| 12/31/2010| – Cost of Revenue| 0. 02| 0. 00| – Operating Expenses| 2. 62| 0. 46| Operating Income| -2. 64| -0. 46| – Interest Expense| 0. 00| 0. 00| – Foreign Exchange Losses (Gains)| -0. 01| 0. 00| – Net Non-Operating Losses (Gains)| -0. 01| 0. 00| Pretax Income| -2. 62| -0. 46| – Income Tax Expense| 0. 0| 0. 00| Income Before XO Items| -2. 62| -0. 46| – Extraordinary Loss Net of Tax| 0. 00| 0. 00| – Minority Interests| 0. 00| 0. 00| Net Income| -2. 62| -0. 46| – Total Cash Preferred Dividends| 0. 00| 0. 00| – Other Adjustments| 0. 00| 0. 00| Net Inc. Avail to Common Shareholders| -2. 62| -0. 46| Abnormal Losses (Gains)| 0. 00| 0. 00| Tax Effect on Abnormal Items| 0. 00| 0. 00| Normalized Income| -2. 62| -0. 46| Basic EPS Before Abnormal Items| -0. 12| -0. 05| Basic EPS Before XO Items| -0. 12| -0. 05| Basic EPS| -0. 12| -0. 05| Basic Weighted Avg. Shares| 21. 46| 10. 13| Diluted EPS Before Abnormal Items| -0. 12| -0. 5| Diluted EPS Before XO Items| -0. 12| -0. 05| Diluted EPS| -0. 12| -0. 05| Diluted Weighted Avg. Shares| 21. 46| 10. 13| Resaas Balance Sheet: Period End Date| 12/31/2011| 12/31/2010| Assets | + Cash ; Near Cash Items| 3. 95| 0. 04| + Short-Term Investments| 0. 51| 0. 00| + Accounts ; Notes Receivable| 0. 06| 0. 01| + Inventories| 0. 00| 0. 00| + Other Current Assets| 0. 00| 0. 00| Total Current Assets| 4. 53| 0. 04| + LT Investments ; LT Receivables| N/A| 0. 00| + Net Fixed Assets| 0. 00| 0. 02| + Other Long-Term Assets| 1. 14| 0. 22| Total Long-Term Assets| 1. 14| 0. 24| Total Assets| 5. 67| 0. 28|

Liabilities ; Shareholders’ Equity | + Accounts Payable| 0. 04| 0. 05| + Short-Term Borrowings| 0. 00| 0. 00| + Other Short-Term Liabilities| 0. 00| 0. 00| Total Current Liabilities| 0. 04| 0. 05| + Long-Term Borrowings| 0. 00| 0. 00| + Other Long-Term Liabilities| 0. 00| 0. 00| Total Long-Term Liabilities| 0. 00| 0. 00| Total Liabilities| 0. 04| 0. 05| + Total Preferred Equity| N/A| 0. 08| + Minority Interest| 0. 00| 0. 00| + Share Capital & APIC| 8. 90| 0. 81| + Retained Earnings & Other Equity| -3. 27| -0. 65| Total Equity| 5. 63| 0. 24| Total Liabilities & Equity| 5. 67| 0. 28| Conclusion National Plastic Co. s not doing well after a year. The company has less net fixed assets after a year. The company has borrowed less liability but the company has less revenue so with the changes it did not work in the favor for the company. AMERCO Inc. is still doing about the same after a year. The big thing is that the company is still able to bring in money with the economy at its worst. The company is able to run comfortable. Kout Food Group is doing about the same as the year before. No growth has happen and no lost has happen. Resaas Services Inc. has made the most growth in a year. In 2010 the total liabilities and equity was 0. 8% and in 2011 5. 67%. The company gained more than 5. 39%. Resaas is doing well. To look at all the different company’s income statements and balance sheets show that no two companies are the same. Some companies may do better than others may and some may not do well at all. It is important for all companies to make sure to have a financial statement. Reference BLOOMBERG L. P. (2012). Bloomberg. Retrieved from http://www. bloomberg. com/ Riordan Manufacturing. (2005, 2006, 2012). Apollo Group Inc. Retrieved from https://ecampus. phoenix. edu/secure/aapd/cist/vop/Business/Riordan/Internet/index. asp#