Income Statement 2016 2017 2018
Revenues 81,422 86,698 93,086
Cost of Goods Sold 38,121 37,756 39,639
Gross Profit 43,301 48,942 53,447
Distribution Expenses 5,884 6,421 6,166
Marketing and Administration 23,507 26,569 30,830
Research and Development 1,764 1,931 2,026
Depreciation 2,960 2,803 2,907
EBIT (Operating Profit) 9,186 11,218 11,518
Interest 1,240 1,240 1,240
Income Before Taxes 7,946 9,978 10,278
Taxes 2,761 2,429 1,570
Net Income 5,185 7,549 8,708
Common Dividends 4,312 4,209 2,931
Balance Sheet 2016 2016 2018
ASSETS
Current Assets:
Cash 5,289 5,918 10,159
Trade and Other Receivables 12,685 14,074 14,721
Inventories 7,168 7,691 8,036
Total Current Assets 25,142 27,683 32,916
Non-Current Assets:
Property Plant and Equipment 19,263 20,371 21,175
TOTAL ASSETS 44,405 48,054 54,091
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities:
Trade and Other Payables 10,001 10,504 11,077
Income Taxes Payable 1,088 894 581
Total Current Liabilities: 11,089 11,398 11,658
Non-Current Liabilities:
Long-Term Debt 20,000 20,000 20,000
Shareholder's Equity:
Common Stock and Additional Paid-In Capital 7,627 7,627 7,627
Retained Earnings 5,689 9,029 14,806
Total Shareholders' Equity 13,316 16,656 22,433
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 44,405 48,054 54,091
Cash Flow Statement 2016 2016 2018
Cash Flows from Operating Activities:
Net Income 5,185 7,549 8,708
Depreciation 2,960 2,803 2,907
Changes in Operating Assets and Liabilities:
Trade and Other Receivables (1,280) (1,389) (647)
Inventories (470) (523) (345)
Trade and Other Payables 490 503 573
Income Taxes Payable 50 (194) (313)
Net Cash Provided by Operating Activities 6,935 8,749 10,883
Investing Activities:
Acquisitions of Property and Equipment (3,005) (3,911) (3,711)
Cash Flows from Investing Activities (3,005) (3,911) (3,711)
Financing Activities:
Issuance of Common Stock - - -
Dividends (current year) (4,312) (4,209) (2,931)
Increase/(Decrease) in Long-Term Debt - - -
Cash Flows from Financing Activities (4,312) (4,209) (2,931)
Increase/(Decrease) in Cash and Equivalents (382) 629 4,241
Cash and Equivalents, Beginning of the Year 5,671 5,289 5,918
Cash and Equivalents, End of the Year 5,289 5,918 10,159
