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PT Latuconsina Comparative Income Statement
For the Year Ended December 31, 2008 and 2007 in ‘000 Rp
Sales 1,530,500
1,234,000 296,500
24.0 Sales returns and allowances 32,500
34,000 1,500
4.4 Net sales
1,498,000 1,200,000
298,000 24.8
Cost of goods sold 1,043,000
820,000 223,000 27.2
Gross profit 455,000
380,000 75,000 19.7
Selling expenses 191,000
147,000 44,000
29.9 Administrative expenses
104,000 97,400 6,600
6.8 Total operating expenses
295,000 244,400
50,600 20.7
Income from operations 160,000
135,600 24,400
18.0 Other income
8,500 11,000
2,500 22.7
168,500 146,600
21,900 14.9
Other expense interest 6,000
12,000 6,000
50.0 Income before income tax
162,500 134,600
27,900 20.7
Income tax expense 71,500
58,100 13,400 23.1
Net income 91,000
76,500 14,500
19.0 2
008 2007
Amount Percent
Increase Decrease
Exhibit 3 Comparative Income Statement
17-1
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PT Latuconsina Comparative Income Statement
For the Year Ended December 31, 2008 and 2007 in ‘000 Rp
Current assets 1,530,500
1,234,000 296,500
24.0 Sales returns and allowances 32,500
34,000 1,500
4.4 Net sales
1,498,000 1,200,000
298,000 24.8
Cost of goods sold 1,043,000
820,000 223,000 27.2
Gross profit 455,000
380,000 75,000
19.7 Selling expenses
191,000 147,000
44,000 29.9
Administrative expenses 104,000
97,400 6,600 6,.8
Total operating expenses 295,000
244,400 50,600
20.7 Income from operations
160,000 135,600
24,400 18.0
Other income 8,500
11,000 2,500
22.7 168,500
146,600 21,900
14.9 Other expense interest
6,000 12,000
6,000 50.0
Income before income tax 162,500
134,600 27,900
20.7 Income tax expense
71,500 58,100 13,400
23.1 Net income
91,000 76,500
14,500 19.0
2 008
2007 Amount
Percent Increase Decrease
17-1
Horizontal Analysis:
Increase amount
Rp
296,500 Base year 2007
Rp
1,234,000 = 24.0
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Exhibit 4 Comparative RE Statement
17-1 17-1
A percentage analysis that shows the relationship of each
component to the total within a single statement is called
vertical analysis.
PT Latuconsina Comparative Retained Earnings Statement
December 31, 2008 and 2007 in ‘000 Rp
Increase Decrease
Retained earnings, Jan. 1 137,500
100,000 37,500
37.5 Net income for year
91,000 76,500 14,500 19.0
Total 228,500
176,500 52,000
29.5 Dividends:
On preferred stock 9,000
9,000 —
On common stock 40,000 30,000 10,000
33.3 Total
49,000 39,000
10,000 25.6
Total current assets 179,500
137,500 42,000
30.5 2008
2007 Amount
Percent
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Exhibit 4 Comparative RE Statement
17-1 17-1
A percentage analysis that shows the relationship of each
component to the total within a single statement is called
vertical analysis.
PT Latuconsina Comparative Retained Earnings Statement
December 31, 2008 and 2007 in ‘000 Rp
Increase Decrease
Retained earnings, Jan. 1 137,500
100,000 37,500
37.5 Net income for year
91,000 76,500 14,500 19.0
Total 228,500
176,500 52,000
29.5 Dividends:
On preferred stock 9,000
9,000 —
On common stock 40,000 30,000 10,000
33.3 Total
49,000 39,000
10,000 25.6
Total current assets 179,500
137,500 42,000
30.5 2008
2007 Amount
Percent
Horizontal Analysis:
Increase amount Rp37,500
Base year 2007 Rp100,000
= 37.5
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Example Exercise 17-1
17-1
The comparative cash and accounts receivable for a company are provided below:
2008 2007 Cash
62,500,000 50,000,000 Accounts receivable net
74,400,000 80,000,000 Based on this information, what is the amount and
percentage of increase or decrease that would be shown in a balance sheet with horizontal analysis?
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For Practice: PE 17-1A, PE 17-1B Follow My Example 17-1
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17-1
Cash 12,500,000 increase 62,500,000
–
50,000,000, or 25 Accounts
Receivable Rp5,600,000 decrease Rp74,400,000 –
Rp80,000,000, or –7
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Vertical Analysis
17-1
A percentage analysis used to show the relationship of each
component to the total within a single statement is called
vertical analysis .
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17-1
In a vertical analysis of the balance sheet, each asset item is stated as a
percent of the total assets. Each liability and stockholders’ equity item
is stated as a percent of the total liabilities and stockholders’ equity.
Vertical Analysis of Balance Sheet
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PT Latuconsina Comparative Balance Sheet
For the Years Ended December 31, 2008 and 2007
Assetsm in ‘000 Rp Current assets
550,000 48.3
533,000 43.3
Long-term investments 95,000
8.3 177,500
