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    Ats Consolidated (Atsc), Inc. Fiscal Fitness Analysis (Draft)

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    Marilou Cagampang
    This paper looks into the financial stability of 2GO Group, Inc. The ratios computed provide an overall image of company’s financial health, pointing out specific strengths and weaknesses.

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    © All Rights Reserved
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    Ats Consolidated (Atsc), Inc. Fiscal Fitness Analysis (Draft)

    Uploaded by

    Marilou Cagampang
    42 views6 pages
    This paper looks into the financial stability of 2GO Group, Inc. The ratios computed provide an overall image of company’s financial health, pointing out specific strengths and weaknesses.

    Original Title

    2GO ATS - Z score

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    © © All Rights Reserved

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    This paper looks into the financial stability of 2GO Group, Inc. The ratios computed provide an overall image of company’s financial health, pointing out specific strengths and weaknesses.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    42 views6 pages

    Ats Consolidated (Atsc), Inc. Fiscal Fitness Analysis (Draft)

    Uploaded by

    Marilou Cagampang
    This paper looks into the financial stability of 2GO Group, Inc. The ratios computed provide an overall image of company’s financial health, pointing out specific strengths and weaknesses.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 6

    ATS CONSOLIDATED (ATSC), INC.

    FISCAL FITNESS ANALYSIS (DRAFT)

    AMOUNTS RATIOS
    FISCAL FITNESS ANALYSIS YEAR 2011 NUMERATOR DENOMINATOR YEAR 2011
    A EBIT TOTAL ASSETS 3.3 (820,904,000.00) 12,132,084,000.00 -0.067663890
    B REVENUE TOTAL ASSETS 0.999 12,970,813,000.00 12,132,084,000.00 1.068064002
    C EQUITY LIABILITIES 0.6 3,306,284,000.00 8,825,800,000.00 0.224769471
    WORKING
    D CAPITAL TOTAL ASSETS 1.2 405,766,000.00 12,132,084,000.00 0.040134836
    RETAINED
    E EARNINGS TOTAL ASSETS 1.4 (49,698,000.00) 12,132,084,000.00 -0.005734975
    FISCAL FITNESS SCORE YEAR 2011 1.25956944

    AMOUNTS RATIOS
    FISCAL FITNESS ANALYSIS YEAR 2010 NUMERATOR DENOMINATOR YEAR 2010
    A EBIT TOTAL ASSETS 3.3 (1,535,891,000.00 12,575,367,000.00 -0.122134885
    B REVENUE TOTAL ASSETS 0.999 11,610,892,000.00 12,575,367,000.00 0.922381121
    8,619,257,0
    C EQUITY LIABILITIES 0.6 3,956,110,000.00 00.00 0.458950378
    WORKING
    D CAPITAL TOTAL ASSETS 1.2 (3,678,888,000.00) 12,575,367,000.00 -0.351056601
    RETAINED
    E EARNINGS TOTAL ASSETS 1.4 584,569,000.00 12,575,367,000.00 0.065079341
    FISCAL FITNESS SCORE YEAR 2010 0.973219354
    BALANCE SHEET
    December 31
    2011 2010 (As restated)
    ASSETS
    Current Assets
    Cash and cash equivalents 906,263,000.00 804,668,000.00
    Trade and other receivables 2,898,193,000.00 2,523,415,000.00
    Inventories 407,441,000.00 564,159,000.00
    Other current assets 996,229,000.00 951,652,000.00
    5,208,126,000.00 4,843,894,000.00
    Assets held for sale 692,617,000.00 -

    Total Current Assets 5,900,743,000.00 4,843,894,000.00


    Noncurrent Assets
    Property and equipment 4,651,107,000.00 6,196,093,000.00
    Available for sale investments 9,377,000.00 9,904,000.00
    Investments in associates 99,777,000.00 114,949,000.00
    Investments property 9,763,000.00 9,763,000.00
    Software development costs 13,826,000.00 45,223,000.00
    Deferred tax asssets 964,101,000.00 718,973,000.00
    Goodwill 250,450,000.00 250,450,000.00
    Other noncurrent assets 232,940,000.00 386,118,000.00

    Total Noncurrent Assets 6,231,341,000.00 7,731,473,000.00

    TOTAL ASSETS 12,132,084,000.00 12,575,367,000.00

    LIABILITIES AND EQUITY


    Current Liabilities
    Loans Payable 1,215,440,000.00 1,992,900,000.00
    Trade and other payables 3,432,208,000.00 4,542,546,000.00
    Income Tax Payable 5,501,000.00 -
    Redeemable preffered shares 25,938,000.00 -
    Current portions of:
    Long-term debt 785,716,000.00 196,542,000.00
    Obligations under finance lease 30,174,000.00 8,229,000.00
    Noncurrent portion of long-term debt presented as current - 1,782,565,000.00

    Total Current Liabilities 5,494,977,000.00 8,522,782,000.00


    Noncurrent Liabilities
    Long-term debt -net of current portion 3,178,027,000.00 -
    Obligations under finance lease -net of current portion 91,936,000.00 37,457,000.00
    Accrued retirement benefits 52,182,000.00 19,715,000.00
    Deferred tax liabilities 269,000.00 4,348,000.00
    Redeemable preffered shares 22,882,000.00
    Other noncurrent liabilities 8,409,000.00 12,073,000.00
    Total Noncurrent Liabilities 3,330,823,000.00 96,475,000.00

    Total Liabilities 8,825,800,000.00 8,619,257,000.00

    Equity
    Attributable to the equity holders of the Parent Company:
    Share Capital 2,484,653,000.00 2,484,653,000.00
    Additional paid-in capital 910,901,000.00 910,901,000.00
    Acquisitions of non-controlling interests 5,940,000.00 5,940,000.00
    Excess of cost over net asset value of investments (10,906,000.00) (8,866,000.00)
    Unrealized gain on available-for-sale investments 279,000.00 15,248,000.00
    Share in cumulative translation adjustments of associates 5,294,000.00 5,941,000.00
    Retained Earnings (deficit) (49,698,000.00) 584,569,000.00
    Treasury shares (58,715,000.00) (58,715,000.00)
    3,939,671,000.0
    3,287,748,000.00 0
    Non controlling interests 18,536,000.00 16,439,000.00
    3,956,110,000.0
    Total Equity 3,306,284,000.00 0

    TOTAL LIABILITIES AND EQUITY 12,132,084,000.00 12,575,367,000.00


    INCOME STATEMENT
    Years Ended December 31
    2011 2010
    CONTINUING OPERATIONS

    REVENUES
    Freight 5,678,386,000.00 5,326,108,000.00
    Passage 2,383,978,000.00 2,179,066,000.00
    Sale of goods 3,028,658,000.00 2,565,741,000.00
    Service Fees 1,251,132,000.00 1,063,616,000.00
    Food and beverage 260,009,000.00 160,596,000.00
    Others 368,650,000.00 315,765,000.00

    12,970,813,000.00 11,610,892,000.00
    COST AND EXPENSES
    Operating 8,192,290,000.00 7,093,436,000.00
    Terminal 1,495,409,000.00 1,473,979,000.00
    Cost of goods sold 2,601,539,000.00 2,206,641,000.00
    Overhead 1,033,605,000.00 1,476,029,000.00

    13,322,843,000.00 12,250,085,000.00
    Other Income (Charges)
    Impairment loss on goodwill, property and equipment and

    assets held for sale (223,644,000.00) (778,830,000.00)


    Equity in net earnings (losses) of associates (14,525,000.00) 40,207,000.00
    Interest and financing charges
    (407,548,000.00) (228,781,000.00)
    Others - net 299,868,000.00 70,706,000.00

    (345,849,000.00) (896,698,000.00)

    INCOME (LOSS) BEFORE INTEGRATION COSTS (697,879,000.00) 1,535,891,000.00

    INTEGRATION COSTS (123,025,000.00) -


    INCOME (LOSS) BEFORE INCOME TAX FROM

    CONTINUING OPERATIONS (820,904,000.00) (1,535,891,000.00)


    PROVISION FOR (BENEFIT FROM)

    INCOME TAX (195,300,000.00) (421,467,000.00)

    NET INCOME (LOSS) FROM CONTINUING OPERATIONS (625,604,000.00) (1,114,424,000.00)


    NET INCOME FROM DISCOUNTINUED OPERATIONS - 359,049,000.00
    (625,604,000.00
    NET INCOME (LOSS) ) (755,375,000.00)
    ATTRIBUTABLE TO:
    Equity holders of the Parent Company:
    (634,267,000.00
    Net Income (loss) from continuing operations ) (1,114,113,000.00)
    Net income from discontinued operations - 305,433,000.00
    (634,267,000.00
    ) (808,680,000.00)
    Non-controlling interests:
    Net Income (loss) from continuing operations 8,663,000.00 (311,000.00)
    Net income from discontinued operations - 53,616,000.00
    8,663,000.00 53,305,000.00
    (625,604,000.00) (755,375,000.00)
    EARNINGS (LOSS) PER COMMON SHARE
    Basic/diluted, for earnings (loss) attributable
    to equity holders of the Parent Company (26,000.00) (33,000.00)
    Basic/diluted, for earnings (loss) from continuing operations
    attributable to equity holders of the Parent Company (26,000.00) (46,000.00)
    Basic/diluted, for earnings (loss) from discontinued operations
    attributable to equity holders of the Parent Company - (13,000.00)

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