Date Financials Amount

1.1.2014 Revenue - Supermarkets 72

1.1.2014 Cogs - Supermarkets 47
1.1.2014 Revenue - Discounters 37
1.1.2014 Cogs - Discounters 20
1.1.2014 Revenue - Grocery 36
1.1.2014 Cogs - Grocery 17
1.1.2014 Revenue - Retail 57
1.1.2014 Cogs - Retail 32
1.1.2014 Operating expenses 95.4
1.1.2014 D&A 2
1.1.2014 Interest expenses 5
1.1.2014 Taxes 17
2.1.2014 Revenue - Supermarkets 75
2.1.2014 Cogs - Supermarkets 55
2.1.2014 Revenue - Discounters 26
2.1.2014 Cogs - Discounters 18
2.1.2014 Revenue - Grocery 42
2.1.2014 Cogs - Grocery 18
2.1.2014 Revenue - Retail 54
2.1.2014 Cogs - Retail 33
2.1.2014 Operating expenses 96.3
2.1.2014 D&A 2
2.1.2014 Interest expenses 5
2.1.2014 Taxes 17
3.1.2014 Revenue - Supermarkets 69
3.1.2014 Cogs - Supermarkets 58
3.1.2014 Revenue - Discounters 32
3.1.2014 Cogs - Discounters 12
3.1.2014 Revenue - Grocery 41
3.1.2014 Cogs - Grocery 11
3.1.2014 Revenue - Retail 64
3.1.2014 Cogs - Retail 35
3.1.2014 Operating expenses 96.6
3.1.2014 D&A 3
3.1.2014 Interest expenses 5
3.1.2014 Taxes 18
4.1.2014 Revenue - Supermarkets 68
4.1.2014 Cogs - Supermarkets 50
4.1.2014 Revenue - Discounters 29
4.1.2014 Cogs - Discounters 19
4.1.2014 Revenue - Grocery 38
4.1.2014 Cogs - Grocery 15
4.1.2014 Revenue - Retail 60
4.1.2014 Cogs - Retail 32
4.1.2014 Operating expenses 99.52
4.1.2014 D&A 2
4.1.2014 Interest expenses 5
4.1.2014 Taxes 17
5.1.2014 Revenue - Supermarkets 68
5.1.2014 Cogs - Supermarkets 54
5.1.2014 Revenue - Discounters 32
5.1.2014 Cogs - Discounters 19
5.1.2014 Revenue - Grocery 50
5.1.2014 Cogs - Grocery 14
5.1.2014 Revenue - Retail 64
5.1.2014 Cogs - Retail 30
5.1.2014 Operating expenses 105.92
5.1.2014 D&A 3
5.1.2014 Interest expenses 5
5.1.2014 Taxes 19
6.1.2014 Revenue - Supermarkets 56
6.1.2014 Cogs - Supermarkets 49
6.1.2014 Revenue - Discounters 31
6.1.2014 Cogs - Discounters 14
6.1.2014 Revenue - Grocery 36
6.1.2014 Cogs - Grocery 15
6.1.2014 Revenue - Retail 57
6.1.2014 Cogs - Retail 33
6.1.2014 Operating expenses 93.12
6.1.2014 D&A 3
6.1.2014 Interest expenses 4
6.1.2014 Taxes 16
7.1.2014 Revenue - Supermarkets 66
7.1.2014 Cogs - Supermarkets 55
7.1.2014 Revenue - Discounters 38
7.1.2014 Cogs - Discounters 17
7.1.2014 Revenue - Grocery 43
7.1.2014 Cogs - Grocery 17
7.1.2014 Revenue - Retail 68
7.1.2014 Cogs - Retail 33
7.1.2014 Operating expenses 114.58
7.1.2014 D&A 3
7.1.2014 Interest expenses 4
7.1.2014 Taxes 19
8.1.2014 Revenue - Supermarkets 57
8.1.2014 Cogs - Supermarkets 52
8.1.2014 Revenue - Discounters 35
8.1.2014 Cogs - Discounters 19
8.1.2014 Revenue - Grocery 38
8.1.2014 Cogs - Grocery 16
8.1.2014 Revenue - Retail 57
8.1.2014 Cogs - Retail 33
8.1.2014 Operating expenses 104.38
8.1.2014 D&A 3
8.1.2014 Interest expenses 5
8.1.2014 Taxes 16
9.1.2014 Revenue - Supermarkets 60
9.1.2014 Cogs - Supermarkets 57
9.1.2014 Revenue - Discounters 28
9.1.2014 Cogs - Discounters 11
9.1.2014 Revenue - Grocery 44
9.1.2014 Cogs - Grocery 12
9.1.2014 Revenue - Retail 67
9.1.2014 Cogs - Retail 31
9.1.2014 Operating expenses 108.5
9.1.2014 D&A 2
9.1.2014 Interest expenses 4
9.1.2014 Taxes 17
10.1.2014 Revenue - Supermarkets 59
10.1.2014 Cogs - Supermarkets 57
10.1.2014 Revenue - Discounters 40
10.1.2014 Cogs - Discounters 11
10.1.2014 Revenue - Grocery 35
10.1.2014 Cogs - Grocery 15
10.1.2014 Revenue - Retail 61
10.1.2014 Cogs - Retail 35
10.1.2014 Operating expenses 97.03
10.1.2014 D&A 3
10.1.2014 Interest expenses 4
10.1.2014 Taxes 17
11.1.2014 Revenue - Supermarkets 69
11.1.2014 Cogs - Supermarkets 45
11.1.2014 Revenue - Discounters 25
11.1.2014 Cogs - Discounters 17
11.1.2014 Revenue - Grocery 45
11.1.2014 Cogs - Grocery 10
11.1.2014 Revenue - Retail 63
11.1.2014 Cogs - Retail 31
11.1.2014 Operating expenses 97.6
11.1.2014 D&A 2
11.1.2014 Interest expenses 5
11.1.2014 Taxes 18
12.1.2014 Revenue - Supermarkets 74
12.1.2014 Cogs - Supermarkets 55
12.1.2014 Revenue - Discounters 31
12.1.2014 Cogs - Discounters 19
12.1.2014 Revenue - Grocery 42
12.1.2014 Cogs - Grocery 19
12.1.2014 Revenue - Retail 59
12.1.2014 Cogs - Retail 34
12.1.2014 Operating expenses 103.23
12.1.2014 D&A 3
12.1.2014 Interest expenses 5
12.1.2014 Taxes 18
1.1.2015 Revenue - Supermarkets 56
1.1.2015 Cogs - Supermarkets 49
1.1.2015 Revenue - Discounters 38
1.1.2015 Cogs - Discounters 13
1.1.2015 Revenue - Grocery 49
1.1.2015 Cogs - Grocery 13
1.1.2015 Revenue - Retail 67
1.1.2015 Cogs - Retail 30
1.1.2015 Operating expenses 107.1
1.1.2015 D&A 4
1.1.2015 Interest expenses 6
1.1.2015 Taxes 18
2.1.2015 Revenue - Supermarkets 73
2.1.2015 Cogs - Supermarkets 60
2.1.2015 Revenue - Discounters 40
2.1.2015 Cogs - Discounters 15
2.1.2015 Revenue - Grocery 41
2.1.2015 Cogs - Grocery 12
2.1.2015 Revenue - Retail 59
2.1.2015 Cogs - Retail 35
2.1.2015 Operating expenses 107.2
2.1.2015 D&A 3
2.1.2015 Interest expenses 5
2.1.2015 Taxes 18
3.1.2015 Revenue - Supermarkets 55
3.1.2015 Cogs - Supermarkets 49
3.1.2015 Revenue - Discounters 37
3.1.2015 Cogs - Discounters 20
3.1.2015 Revenue - Grocery 46
3.1.2015 Cogs - Grocery 18
3.1.2015 Revenue - Retail 56
3.1.2015 Cogs - Retail 35
3.1.2015 Operating expenses 104.28
3.1.2015 D&A 4
3.1.2015 Interest expenses 6
3.1.2015 Taxes 17
4.1.2015 Revenue - Supermarkets 56
4.1.2015 Cogs - Supermarkets 47
4.1.2015 Revenue - Discounters 38
4.1.2015 Cogs - Discounters 13
4.1.2015 Revenue - Grocery 41
4.1.2015 Cogs - Grocery 18
4.1.2015 Revenue - Retail 57
4.1.2015 Cogs - Retail 32
4.1.2015 Operating expenses 105.7
4.1.2015 D&A 3
4.1.2015 Interest expenses 5
4.1.2015 Taxes 17
5.1.2015 Revenue - Supermarkets 62
5.1.2015 Cogs - Supermarkets 46
5.1.2015 Revenue - Discounters 37
5.1.2015 Cogs - Discounters 18
5.1.2015 Revenue - Grocery 35
5.1.2015 Cogs - Grocery 17
5.1.2015 Revenue - Retail 57
5.1.2015 Cogs - Retail 32
5.1.2015 Operating expenses 109.44
5.1.2015 D&A 3
5.1.2015 Interest expenses 5
5.1.2015 Taxes 16
6.1.2015 Revenue - Supermarkets 70
6.1.2015 Cogs - Supermarkets 56
6.1.2015 Revenue - Discounters 33
6.1.2015 Cogs - Discounters 16
6.1.2015 Revenue - Grocery 49
6.1.2015 Cogs - Grocery 17
6.1.2015 Revenue - Retail 64
6.1.2015 Cogs - Retail 33
6.1.2015 Operating expenses 104.78
6.1.2015 D&A 4
6.1.2015 Interest expenses 6
6.1.2015 Taxes 19
7.1.2015 Revenue - Supermarkets 68
7.1.2015 Cogs - Supermarkets 52
7.1.2015 Revenue - Discounters 33
7.1.2015 Cogs - Discounters 16
7.1.2015 Revenue - Grocery 40
7.1.2015 Cogs - Grocery 15
7.1.2015 Revenue - Retail 55
7.1.2015 Cogs - Retail 31
7.1.2015 Operating expenses 99.2
7.1.2015 D&A 4
7.1.2015 Interest expenses 5
7.1.2015 Taxes 17
8.1.2015 Revenue - Supermarkets 69
8.1.2015 Cogs - Supermarkets 48
8.1.2015 Revenue - Discounters 39
8.1.2015 Cogs - Discounters 20
8.1.2015 Revenue - Grocery 50
8.1.2015 Cogs - Grocery 15
8.1.2015 Revenue - Retail 64
8.1.2015 Cogs - Retail 32
8.1.2015 Operating expenses 104.47
8.1.2015 D&A 4
8.1.2015 Interest expenses 5
8.1.2015 Taxes 19
9.1.2015 Revenue - Supermarkets 57
9.1.2015 Cogs - Supermarkets 53
9.1.2015 Revenue - Discounters 28
9.1.2015 Cogs - Discounters 17
9.1.2015 Revenue - Grocery 42
9.1.2015 Cogs - Grocery 14
9.1.2015 Revenue - Retail 57
9.1.2015 Cogs - Retail 32
9.1.2015 Operating expenses 96
9.1.2015 D&A 4
9.1.2015 Interest expenses 5
9.1.2015 Taxes 16
10.1.2015 Revenue - Supermarkets 72
10.1.2015 Cogs - Supermarkets 58
10.1.2015 Revenue - Discounters 39
10.1.2015 Cogs - Discounters 13
10.1.2015 Revenue - Grocery 39
10.1.2015 Cogs - Grocery 14
10.1.2015 Revenue - Retail 56
10.1.2015 Cogs - Retail 32
10.1.2015 Operating expenses 106.59
10.1.2015 D&A 4
10.1.2015 Interest expenses 6
10.1.2015 Taxes 18
11.1.2015 Revenue - Supermarkets 64
11.1.2015 Cogs - Supermarkets 55
11.1.2015 Revenue - Discounters 28
11.1.2015 Cogs - Discounters 16
11.1.2015 Revenue - Grocery 40
11.1.2015 Cogs - Grocery 11
11.1.2015 Revenue - Retail 63
11.1.2015 Cogs - Retail 34
11.1.2015 Operating expenses 99.52
11.1.2015 D&A 4
11.1.2015 Interest expenses 5
11.1.2015 Taxes 17
12.1.2015 Revenue - Supermarkets 69
12.1.2015 Cogs - Supermarkets 48
12.1.2015 Revenue - Discounters 36
12.1.2015 Cogs - Discounters 19
12.1.2015 Revenue - Grocery 50
12.1.2015 Cogs - Grocery 13
12.1.2015 Revenue - Retail 60
12.1.2015 Cogs - Retail 31
12.1.2015 Operating expenses 101.06
12.1.2015 D&A 3
12.1.2015 Interest expenses 6
12.1.2015 Taxes 19
1.1.2016 Revenue - Supermarkets 57
1.1.2016 Cogs - Supermarkets 47
1.1.2016 Revenue - Discounters 35
1.1.2016 Cogs - Discounters 17
1.1.2016 Revenue - Grocery 41
1.1.2016 Cogs - Grocery 11
1.1.2016 Revenue - Retail 61
1.1.2016 Cogs - Retail 35
1.1.2016 Operating expenses 88.16
1.1.2016 D&A 3
1.1.2016 Interest expenses 3
1.1.2016 Taxes 17
2.1.2016 Revenue - Supermarkets 72
2.1.2016 Cogs - Supermarkets 57
2.1.2016 Revenue - Discounters 29
2.1.2016 Cogs - Discounters 16
2.1.2016 Revenue - Grocery 49
2.1.2016 Cogs - Grocery 19
2.1.2016 Revenue - Retail 57
2.1.2016 Cogs - Retail 35
2.1.2016 Operating expenses 96.86
2.1.2016 D&A 4
2.1.2016 Interest expenses 4
2.1.2016 Taxes 18
3.1.2016 Revenue - Supermarkets 61
3.1.2016 Cogs - Supermarkets 52
3.1.2016 Revenue - Discounters 27
3.1.2016 Cogs - Discounters 13
3.1.2016 Revenue - Grocery 38
3.1.2016 Cogs - Grocery 17
3.1.2016 Revenue - Retail 63
3.1.2016 Cogs - Retail 31
3.1.2016 Operating expenses 87.58
3.1.2016 D&A 4
3.1.2016 Interest expenses 4
3.1.2016 Taxes 16
4.1.2016 Revenue - Supermarkets 62
4.1.2016 Cogs - Supermarkets 48
4.1.2016 Revenue - Discounters 25
4.1.2016 Cogs - Discounters 20
4.1.2016 Revenue - Grocery 47
4.1.2016 Cogs - Grocery 11
4.1.2016 Revenue - Retail 56
4.1.2016 Cogs - Retail 30
4.1.2016 Operating expenses 80.73
4.1.2016 D&A 3
4.1.2016 Interest expenses 4
4.1.2016 Taxes 17
5.1.2016 Revenue - Supermarkets 59
5.1.2016 Cogs - Supermarkets 58
5.1.2016 Revenue - Discounters 32
5.1.2016 Cogs - Discounters 13
5.1.2016 Revenue - Grocery 41
5.1.2016 Cogs - Grocery 13
5.1.2016 Revenue - Retail 54
5.1.2016 Cogs - Retail 35
5.1.2016 Operating expenses 88.45
5.1.2016 D&A 4
5.1.2016 Interest expenses 5
5.1.2016 Taxes 16
6.1.2016 Revenue - Supermarkets 67
6.1.2016 Cogs - Supermarkets 56
6.1.2016 Revenue - Discounters 31
6.1.2016 Cogs - Discounters 18
6.1.2016 Revenue - Grocery 47
6.1.2016 Cogs - Grocery 17
6.1.2016 Revenue - Retail 66
6.1.2016 Cogs - Retail 30
6.1.2016 Operating expenses 102.92
6.1.2016 D&A 3
6.1.2016 Interest expenses 4
6.1.2016 Taxes 18
7.1.2016 Revenue - Supermarkets 70
7.1.2016 Cogs - Supermarkets 52
7.1.2016 Revenue - Discounters 37
7.1.2016 Cogs - Discounters 10
7.1.2016 Revenue - Grocery 35
7.1.2016 Cogs - Grocery 18
7.1.2016 Revenue - Retail 59
7.1.2016 Cogs - Retail 35
7.1.2016 Operating expenses 104.28
7.1.2016 D&A 3
7.1.2016 Interest expenses 5
7.1.2016 Taxes 17
8.1.2016 Revenue - Supermarkets 75
8.1.2016 Cogs - Supermarkets 47
8.1.2016 Revenue - Discounters 27
8.1.2016 Cogs - Discounters 19
8.1.2016 Revenue - Grocery 45
8.1.2016 Cogs - Grocery 11
8.1.2016 Revenue - Retail 59
8.1.2016 Cogs - Retail 30
8.1.2016 Operating expenses 78.25
8.1.2016 D&A 4
8.1.2016 Interest expenses 5
8.1.2016 Taxes 18
9.1.2016 Revenue - Supermarkets 65
9.1.2016 Cogs - Supermarkets 47
9.1.2016 Revenue - Discounters 38
9.1.2016 Cogs - Discounters 13
9.1.2016 Revenue - Grocery 39
9.1.2016 Cogs - Grocery 11
9.1.2016 Revenue - Retail 58
9.1.2016 Cogs - Retail 32
9.1.2016 Operating expenses 78.78
9.1.2016 D&A 3
9.1.2016 Interest expenses 4
9.1.2016 Taxes 17
10.1.2016 Revenue - Supermarkets 72
10.1.2016 Cogs - Supermarkets 51
10.1.2016 Revenue - Discounters 34
10.1.2016 Cogs - Discounters 16
10.1.2016 Revenue - Grocery 39
10.1.2016 Cogs - Grocery 10
10.1.2016 Revenue - Retail 64
10.1.2016 Cogs - Retail 35
10.1.2016 Operating expenses 83.46
10.1.2016 D&A 3
10.1.2016 Interest expenses 5
10.1.2016 Taxes 18
11.1.2016 Revenue - Supermarkets 64
11.1.2016 Cogs - Supermarkets 52
11.1.2016 Revenue - Discounters 37
11.1.2016 Cogs - Discounters 15
11.1.2016 Revenue - Grocery 50
11.1.2016 Cogs - Grocery 14
11.1.2016 Revenue - Retail 58
11.1.2016 Cogs - Retail 33
11.1.2016 Operating expenses 87.21
11.1.2016 D&A 3
11.1.2016 Interest expenses 5
11.1.2016 Taxes 18
12.1.2016 Revenue - Supermarkets 66
12.1.2016 Cogs - Supermarkets 56
12.1.2016 Revenue - Discounters 38
12.1.2016 Cogs - Discounters 13
12.1.2016 Revenue - Grocery 41
12.1.2016 Cogs - Grocery 18
12.1.2016 Revenue - Retail 65
12.1.2016 Cogs - Retail 30
12.1.2016 Operating expenses 91.56
12.1.2016 D&A 4
12.1.2016 Interest expenses 4
12.1.2016 Taxes 18
12.1.2014 Other revenue 524
12.1.2015 Other revenue 550
12.1.2016 Other revenue 628
$ in mln 31-Dec-14
Receivables - Discounters 44.6
Receivables - Other 33.1
Receivables - Grocery 31.7
Receivables - Retail 20.1
Receivables - Supermarkets 14.4
Trade Receivables 143.9

Inventory - Discounters 29.7

Inventory - Supermarkets 18.7
Inventory - Grocery 16.2
Inventory - Retail 11.1
Inventory - Other 9.4
Inventory 85.0

PP&E - Machinery 346.5

PP&E - Other 139.5
PP&E - IT 125.6
PP&E - Vehicles 20.9
PP&E 632.5

Cash - Bank Accounts 16.1

Cash - T-bills 6.2
Cash - Cash at hand 2.5
Cash 24.8

Other assets 45.9

Other assets 45.9

Assets 932.1

Trade Payables - Discounters 17.0

Trade Payables - Other 17.0
Trade Payables - Supermarkets 15.0
Trade Payables - Grocery 10.2
Trade Payables - Retail 8.8
Trade Payables 68.0

Provisions - Taxes 22.4

Provisions - Legal 6.8
Provisions - Other 3.3
Provisions 32.5

Financial Liabilities vs. Banks 615.8

Financial Liabilities 615.8

Other liabilities 48.3

Other liabilities 48.3

Retained Earnings 132.3

Minority interest 18.4
Share Capital 16.8
Equity 167.5

Liabilities & Equity 932.1

$ in mln Code I 31-Dec-15
Receivables - Discounters R 40.2
Receivables - Grocery R 34.1
Receivables - Other R 29.4
Receivables - Retail R 27.9
Receivables - Supermarkets R 23.2
Trade Receivables 154.8

Inventory - Discounters I 24.8

Inventory - Supermarkets I 20.2
Inventory - Grocery I 17.5
Inventory - Other I 17.5
Inventory - Retail I 12.0
Inventory I 92.0

PP&E - Machinery P 346.5

PP&E - Other P 139.5
PP&E - IT P 125.6
PP&E - Vehicles P 20.9
PP&E P 632.5

Cash - Bank Accounts C 13.3

Cash - T-bills C 5.5
Cash - Cash at hand C 3.1
Cash 21.8

Other assets O 46.9

Other assets 46.9

Assets 948.0

Trade Payables - Discounters T 20.0

Trade Payables - Retail T 15.8
Trade Payables - Other T 14.5
Trade Payables - Grocery T 10.3
Trade Payables - Supermarkets T 8.3
Trade Payables 68.9

Provisions - Taxes P 17.5

Provisions - Legal P 6.6
Provisions - Other P 4.6
Provisions 28.7

Financial Liabilities vs. Banks F 610.4

Financial Liabilities 610.4

Other liabilities O 43.3

Other liabilities 43.3

Retained Earnings E 161.5

Minority interest E 18.4
Share Capital E 16.8
Equity 196.7

Liabilities & Equity 948.0

$ in mln Code I Code II 31-Dec-16
Receivables - Discounters R A 44.0
Receivables - Grocery R A 40.6
Receivables - Other R A 32.2
Receivables - Retail R A 27.1
Receivables - Supermarkets R A 25.4
Trade Receivables 169.3

Inventory - Discounters I A 26.4

Inventory - Supermarkets I A 25.3
Inventory - Grocery I A 20.9
Inventory - Other I A 20.9
Inventory - Retail I A 16.5
Inventory I 110.0

PP&E - Machinery P A 350.5

PP&E - Other P A 146.7
PP&E - IT P A 133.7
PP&E - Vehicles P A 28.5
PP&E 659.5

Cash - Bank Accounts C A 125.4

Cash - T-bills C A 59.4
Cash - Cash at hand C A 35.2
Cash 220.0

Other assets O A 68.0

Other assets 68.0

Assets 1226.8

Trade Payables - Discounters T L 20.0

Trade Payables - Retail T L 15.8
Trade Payables - Other T L 14.5
Trade Payables - Grocery T L 10.3
Trade Payables - Supermarkets T L 8.3
Trade Payables 68.9

Provisions - Taxes P L 17.5

Provisions - Legal P L 6.6
Provisions - Other P L 4.6
Provisions 28.7

Financial Liabilities vs. Banks F L 605.0

Financial Liabilities 605.0

Other liabilities O L 38.9

Other liabilities 38.9

Retained Earnings E E 450.1

Minority interest E E 18.4
Share Capital E E 16.8
Equity 485.3

Liabilities & Equity 1226.8

Exercise -->
Date Year Financials Amount Mapping
Jan-14 2014 Revenue - Supermarkets 72 Revenue
Jan-14 2014 Cogs - Supermarkets 47 Cogs
Jan-14 2014 Revenue - Discounters 37 Revenue
Jan-14 2014 Cogs - Discounters 20 Cogs
Jan-14 2014 Revenue - Grocery 36 Revenue
Jan-14 2014 Cogs - Grocery 17 Cogs
Jan-14 2014 Revenue - Retail 57 Revenue
Jan-14 2014 Cogs - Retail 32 Cogs
Jan-14 2014 Operating expenses 95.4 Operating expenses
Jan-14 2014 D&A 2 D&A
Jan-14 2014 Interest expenses 5 Interest expenses
Jan-14 2014 Taxes 17 Taxes
Feb-14 2014 Revenue - Supermarkets 75 Revenue
Feb-14 2014 Cogs - Supermarkets 55 Cogs
Feb-14 2014 Revenue - Discounters 26 Revenue
Feb-14 2014 Cogs - Discounters 18 Cogs
Feb-14 2014 Revenue - Grocery 42 Revenue
Feb-14 2014 Cogs - Grocery 18 Cogs
Feb-14 2014 Revenue - Retail 54 Revenue
Feb-14 2014 Cogs - Retail 33 Cogs
Feb-14 2014 Operating expenses 96.3 Operating expenses
Feb-14 2014 D&A 2 D&A
Feb-14 2014 Interest expenses 5 Interest expenses
Feb-14 2014 Taxes 17 Taxes
Mar-14 2014 Revenue - Supermarkets 69 Revenue
Mar-14 2014 Cogs - Supermarkets 58 Cogs
Mar-14 2014 Revenue - Discounters 32 Revenue
Mar-14 2014 Cogs - Discounters 12 Cogs
Mar-14 2014 Revenue - Grocery 41 Revenue
Mar-14 2014 Cogs - Grocery 11 Cogs
Mar-14 2014 Revenue - Retail 64 Revenue
Mar-14 2014 Cogs - Retail 35 Cogs
Mar-14 2014 Operating expenses 96.6 Operating expenses
Mar-14 2014 D&A 3 D&A
Mar-14 2014 Interest expenses 5 Interest expenses
Mar-14 2014 Taxes 18 Taxes
Apr-14 2014 Revenue - Supermarkets 68 Revenue
Apr-14 2014 Cogs - Supermarkets 50 Cogs
Apr-14 2014 Revenue - Discounters 29 Revenue
Apr-14 2014 Cogs - Discounters 19 Cogs
Apr-14 2014 Revenue - Grocery 38 Revenue
Apr-14 2014 Cogs - Grocery 15 Cogs
Apr-14 2014 Revenue - Retail 60 Revenue
Apr-14 2014 Cogs - Retail 32 Cogs
Apr-14 2014 Operating expenses 99.52 Operating expenses
Apr-14 2014 D&A 2 D&A
Apr-14 2014 Interest expenses 5 Interest expenses
Apr-14 2014 Taxes 17 Taxes
May-14 2014 Revenue - Supermarkets 68 Revenue
May-14 2014 Cogs - Supermarkets 54 Cogs
May-14 2014 Revenue - Discounters 32 Revenue
May-14 2014 Cogs - Discounters 19 Cogs
May-14 2014 Revenue - Grocery 50 Revenue
May-14 2014 Cogs - Grocery 14 Cogs
May-14 2014 Revenue - Retail 64 Revenue
May-14 2014 Cogs - Retail 30 Cogs
May-14 2014 Operating expenses 105.92 Operating expenses
May-14 2014 D&A 3 D&A
May-14 2014 Interest expenses 5 Interest expenses
May-14 2014 Taxes 19 Taxes
Jun-14 2014 Revenue - Supermarkets 56 Revenue
Jun-14 2014 Cogs - Supermarkets 49 Cogs
Jun-14 2014 Revenue - Discounters 31 Revenue
Jun-14 2014 Cogs - Discounters 14 Cogs
Jun-14 2014 Revenue - Grocery 36 Revenue
Jun-14 2014 Cogs - Grocery 15 Cogs
Jun-14 2014 Revenue - Retail 57 Revenue
Jun-14 2014 Cogs - Retail 33 Cogs
Jun-14 2014 Operating expenses 93.12 Operating expenses
Jun-14 2014 D&A 3 D&A
Jun-14 2014 Interest expenses 4 Interest expenses
Jun-14 2014 Taxes 16 Taxes
Jul-14 2014 Revenue - Supermarkets 66 Revenue
Jul-14 2014 Cogs - Supermarkets 55 Cogs
Jul-14 2014 Revenue - Discounters 38 Revenue
Jul-14 2014 Cogs - Discounters 17 Cogs
Jul-14 2014 Revenue - Grocery 43 Revenue
Jul-14 2014 Cogs - Grocery 17 Cogs
Jul-14 2014 Revenue - Retail 68 Revenue
Jul-14 2014 Cogs - Retail 33 Cogs
Jul-14 2014 Operating expenses 114.58 Operating expenses
Jul-14 2014 D&A 3 D&A
Jul-14 2014 Interest expenses 4 Interest expenses
Jul-14 2014 Taxes 19 Taxes
Aug-14 2014 Revenue - Supermarkets 57 Revenue
Aug-14 2014 Cogs - Supermarkets 52 Cogs
Aug-14 2014 Revenue - Discounters 35 Revenue
Aug-14 2014 Cogs - Discounters 19 Cogs
Aug-14 2014 Revenue - Grocery 38 Revenue
Aug-14 2014 Cogs - Grocery 16 Cogs
Aug-14 2014 Revenue - Retail 57 Revenue
Aug-14 2014 Cogs - Retail 33 Cogs
Aug-14 2014 Operating expenses 104.38 Operating expenses
Aug-14 2014 D&A 3 D&A
Aug-14 2014 Interest expenses 5 Interest expenses
Aug-14 2014 Taxes 16 Taxes
Sep-14 2014 Revenue - Supermarkets 60 Revenue
Sep-14 2014 Cogs - Supermarkets 57 Cogs
Sep-14 2014 Revenue - Discounters 28 Revenue
Sep-14 2014 Cogs - Discounters 11 Cogs
Sep-14 2014 Revenue - Grocery 44 Revenue
Sep-14 2014 Cogs - Grocery 12 Cogs
Sep-14 2014 Revenue - Retail 67 Revenue
Sep-14 2014 Cogs - Retail 31 Cogs
Sep-14 2014 Operating expenses 108.5 Operating expenses
Sep-14 2014 D&A 2 D&A
Sep-14 2014 Interest expenses 4 Interest expenses
Sep-14 2014 Taxes 17 Taxes
Oct-14 2014 Revenue - Supermarkets 59 Revenue
Oct-14 2014 Cogs - Supermarkets 57 Cogs
Oct-14 2014 Revenue - Discounters 40 Revenue
Oct-14 2014 Cogs - Discounters 11 Cogs
Oct-14 2014 Revenue - Grocery 35 Revenue
Oct-14 2014 Cogs - Grocery 15 Cogs
Oct-14 2014 Revenue - Retail 61 Revenue
Oct-14 2014 Cogs - Retail 35 Cogs
Oct-14 2014 Operating expenses 97.03 Operating expenses
Oct-14 2014 D&A 3 D&A
Oct-14 2014 Interest expenses 4 Interest expenses
Oct-14 2014 Taxes 17 Taxes
Nov-14 2014 Revenue - Supermarkets 69 Revenue
Nov-14 2014 Cogs - Supermarkets 45 Cogs
Nov-14 2014 Revenue - Discounters 25 Revenue
Nov-14 2014 Cogs - Discounters 17 Cogs
Nov-14 2014 Revenue - Grocery 45 Revenue
Nov-14 2014 Cogs - Grocery 10 Cogs
Nov-14 2014 Revenue - Retail 63 Revenue
Nov-14 2014 Cogs - Retail 31 Cogs
Nov-14 2014 Operating expenses 97.6 Operating expenses
Nov-14 2014 D&A 2 D&A
Nov-14 2014 Interest expenses 5 Interest expenses
Nov-14 2014 Taxes 18 Taxes
Dec-14 2014 Revenue - Supermarkets 74 Revenue
Dec-14 2014 Cogs - Supermarkets 55 Cogs
Dec-14 2014 Revenue - Discounters 31 Revenue
Dec-14 2014 Cogs - Discounters 19 Cogs
Dec-14 2014 Revenue - Grocery 42 Revenue
Dec-14 2014 Cogs - Grocery 19 Cogs
Dec-14 2014 Revenue - Retail 59 Revenue
Dec-14 2014 Cogs - Retail 34 Cogs
Dec-14 2014 Operating expenses 103.23 Operating expenses
Dec-14 2014 D&A 3 D&A
Dec-14 2014 Interest expenses 5 Interest expenses
Dec-14 2014 Taxes 18 Taxes
Jan-15 2015 Revenue - Supermarkets 56 Revenue
Jan-15 2015 Cogs - Supermarkets 49 Cogs
Jan-15 2015 Revenue - Discounters 38 Revenue
Jan-15 2015 Cogs - Discounters 13 Cogs
Jan-15 2015 Revenue - Grocery 49 Revenue
Jan-15 2015 Cogs - Grocery 13 Cogs
Jan-15 2015 Revenue - Retail 67 Revenue
Jan-15 2015 Cogs - Retail 30 Cogs
Jan-15 2015 Operating expenses 107.1 Operating expenses
Jan-15 2015 D&A 4 D&A
Jan-15 2015 Interest expenses 6 Interest expenses
Jan-15 2015 Taxes 18 Taxes
Feb-15 2015 Revenue - Supermarkets 73 Revenue
Feb-15 2015 Cogs - Supermarkets 60 Cogs
Feb-15 2015 Revenue - Discounters 40 Revenue
Feb-15 2015 Cogs - Discounters 15 Cogs
Feb-15 2015 Revenue - Grocery 41 Revenue
Feb-15 2015 Cogs - Grocery 12 Cogs
Feb-15 2015 Revenue - Retail 59 Revenue
Feb-15 2015 Cogs - Retail 35 Cogs
Feb-15 2015 Operating expenses 107.2 Operating expenses
Feb-15 2015 D&A 3 D&A
Feb-15 2015 Interest expenses 5 Interest expenses
Feb-15 2015 Taxes 18 Taxes
Mar-15 2015 Revenue - Supermarkets 55 Revenue
Mar-15 2015 Cogs - Supermarkets 49 Cogs
Mar-15 2015 Revenue - Discounters 37 Revenue
Mar-15 2015 Cogs - Discounters 20 Cogs
Mar-15 2015 Revenue - Grocery 46 Revenue
Mar-15 2015 Cogs - Grocery 18 Cogs
Mar-15 2015 Revenue - Retail 56 Revenue
Mar-15 2015 Cogs - Retail 35 Cogs
Mar-15 2015 Operating expenses 104.28 Operating expenses
Mar-15 2015 D&A 4 D&A
Mar-15 2015 Interest expenses 6 Interest expenses
Mar-15 2015 Taxes 17 Taxes
Apr-15 2015 Revenue - Supermarkets 56 Revenue
Apr-15 2015 Cogs - Supermarkets 47 Cogs
Apr-15 2015 Revenue - Discounters 38 Revenue
Apr-15 2015 Cogs - Discounters 13 Cogs
Apr-15 2015 Revenue - Grocery 41 Revenue
Apr-15 2015 Cogs - Grocery 18 Cogs
Apr-15 2015 Revenue - Retail 57 Revenue
Apr-15 2015 Cogs - Retail 32 Cogs
Apr-15 2015 Operating expenses 105.7 Operating expenses
Apr-15 2015 D&A 3 D&A
Apr-15 2015 Interest expenses 5 Interest expenses
Apr-15 2015 Taxes 17 Taxes
May-15 2015 Revenue - Supermarkets 62 Revenue
May-15 2015 Cogs - Supermarkets 46 Cogs
May-15 2015 Revenue - Discounters 37 Revenue
May-15 2015 Cogs - Discounters 18 Cogs
May-15 2015 Revenue - Grocery 35 Revenue
May-15 2015 Cogs - Grocery 17 Cogs
May-15 2015 Revenue - Retail 57 Revenue
May-15 2015 Cogs - Retail 32 Cogs
May-15 2015 Operating expenses 109.44 Operating expenses
May-15 2015 D&A 3 D&A
May-15 2015 Interest expenses 5 Interest expenses
May-15 2015 Taxes 16 Taxes
Jun-15 2015 Revenue - Supermarkets 70 Revenue
Jun-15 2015 Cogs - Supermarkets 56 Cogs
Jun-15 2015 Revenue - Discounters 33 Revenue
Jun-15 2015 Cogs - Discounters 16 Cogs
Jun-15 2015 Revenue - Grocery 49 Revenue
Jun-15 2015 Cogs - Grocery 17 Cogs
Jun-15 2015 Revenue - Retail 64 Revenue
Jun-15 2015 Cogs - Retail 33 Cogs
Jun-15 2015 Operating expenses 104.78 Operating expenses
Jun-15 2015 D&A 4 D&A
Jun-15 2015 Interest expenses 6 Interest expenses
Jun-15 2015 Taxes 19 Taxes
Jul-15 2015 Revenue - Supermarkets 68 Revenue
Jul-15 2015 Cogs - Supermarkets 52 Cogs
Jul-15 2015 Revenue - Discounters 33 Revenue
Jul-15 2015 Cogs - Discounters 16 Cogs
Jul-15 2015 Revenue - Grocery 40 Revenue
Jul-15 2015 Cogs - Grocery 15 Cogs
Jul-15 2015 Revenue - Retail 55 Revenue
Jul-15 2015 Cogs - Retail 31 Cogs
Jul-15 2015 Operating expenses 99.2 Operating expenses
Jul-15 2015 D&A 4 D&A
Jul-15 2015 Interest expenses 5 Interest expenses
Jul-15 2015 Taxes 17 Taxes
Aug-15 2015 Revenue - Supermarkets 69 Revenue
Aug-15 2015 Cogs - Supermarkets 48 Cogs
Aug-15 2015 Revenue - Discounters 39 Revenue
Aug-15 2015 Cogs - Discounters 20 Cogs
Aug-15 2015 Revenue - Grocery 50 Revenue
Aug-15 2015 Cogs - Grocery 15 Cogs
Aug-15 2015 Revenue - Retail 64 Revenue
Aug-15 2015 Cogs - Retail 32 Cogs
Aug-15 2015 Operating expenses 104.47 Operating expenses
Aug-15 2015 D&A 4 D&A
Aug-15 2015 Interest expenses 5 Interest expenses
Aug-15 2015 Taxes 19 Taxes
Sep-15 2015 Revenue - Supermarkets 57 Revenue
Sep-15 2015 Cogs - Supermarkets 53 Cogs
Sep-15 2015 Revenue - Discounters 28 Revenue
Sep-15 2015 Cogs - Discounters 17 Cogs
Sep-15 2015 Revenue - Grocery 42 Revenue
Sep-15 2015 Cogs - Grocery 14 Cogs
Sep-15 2015 Revenue - Retail 57 Revenue
Sep-15 2015 Cogs - Retail 32 Cogs
Sep-15 2015 Operating expenses 96 Operating expenses
Sep-15 2015 D&A 4 D&A
Sep-15 2015 Interest expenses 5 Interest expenses
Sep-15 2015 Taxes 16 Taxes
Oct-15 2015 Revenue - Supermarkets 72 Revenue
Oct-15 2015 Cogs - Supermarkets 58 Cogs
Oct-15 2015 Revenue - Discounters 39 Revenue
Oct-15 2015 Cogs - Discounters 13 Cogs
Oct-15 2015 Revenue - Grocery 39 Revenue
Oct-15 2015 Cogs - Grocery 14 Cogs
Oct-15 2015 Revenue - Retail 56 Revenue
Oct-15 2015 Cogs - Retail 32 Cogs
Oct-15 2015 Operating expenses 106.59 Operating expenses
Oct-15 2015 D&A 4 D&A
Oct-15 2015 Interest expenses 6 Interest expenses
Oct-15 2015 Taxes 18 Taxes
Nov-15 2015 Revenue - Supermarkets 64 Revenue
Nov-15 2015 Cogs - Supermarkets 55 Cogs
Nov-15 2015 Revenue - Discounters 28 Revenue
Nov-15 2015 Cogs - Discounters 16 Cogs
Nov-15 2015 Revenue - Grocery 40 Revenue
Nov-15 2015 Cogs - Grocery 11 Cogs
Nov-15 2015 Revenue - Retail 63 Revenue
Nov-15 2015 Cogs - Retail 34 Cogs
Nov-15 2015 Operating expenses 99.52 Operating expenses
Nov-15 2015 D&A 4 D&A
Nov-15 2015 Interest expenses 5 Interest expenses
Nov-15 2015 Taxes 17 Taxes
Dec-15 2015 Revenue - Supermarkets 69 Revenue
Dec-15 2015 Cogs - Supermarkets 48 Cogs
Dec-15 2015 Revenue - Discounters 36 Revenue
Dec-15 2015 Cogs - Discounters 19 Cogs
Dec-15 2015 Revenue - Grocery 50 Revenue
Dec-15 2015 Cogs - Grocery 13 Cogs
Dec-15 2015 Revenue - Retail 60 Revenue
Dec-15 2015 Cogs - Retail 31 Cogs
Dec-15 2015 Operating expenses 101.06 Operating expenses
Dec-15 2015 D&A 3 D&A
Dec-15 2015 Interest expenses 6 Interest expenses
Dec-15 2015 Taxes 19 Taxes
Jan-16 2016 Revenue - Supermarkets 57 Revenue
Jan-16 2016 Cogs - Supermarkets 47 Cogs
Jan-16 2016 Revenue - Discounters 35 Revenue
Jan-16 2016 Cogs - Discounters 17 Cogs
Jan-16 2016 Revenue - Grocery 41 Revenue
Jan-16 2016 Cogs - Grocery 11 Cogs
Jan-16 2016 Revenue - Retail 61 Revenue
Jan-16 2016 Cogs - Retail 35 Cogs
Jan-16 2016 Operating expenses 88.16 Operating expenses
Jan-16 2016 D&A 3 D&A
Jan-16 2016 Interest expenses 3 Interest expenses
Jan-16 2016 Taxes 17 Taxes
Feb-16 2016 Revenue - Supermarkets 72 Revenue
Feb-16 2016 Cogs - Supermarkets 57 Cogs
Feb-16 2016 Revenue - Discounters 29 Revenue
Feb-16 2016 Cogs - Discounters 16 Cogs
Feb-16 2016 Revenue - Grocery 49 Revenue
Feb-16 2016 Cogs - Grocery 19 Cogs
Feb-16 2016 Revenue - Retail 57 Revenue
Feb-16 2016 Cogs - Retail 35 Cogs
Feb-16 2016 Operating expenses 96.86 Operating expenses
Feb-16 2016 D&A 4 D&A
Feb-16 2016 Interest expenses 4 Interest expenses
Feb-16 2016 Taxes 18 Taxes
Mar-16 2016 Revenue - Supermarkets 61 Revenue
Mar-16 2016 Cogs - Supermarkets 52 Cogs
Mar-16 2016 Revenue - Discounters 27 Revenue
Mar-16 2016 Cogs - Discounters 13 Cogs
Mar-16 2016 Revenue - Grocery 38 Revenue
Mar-16 2016 Cogs - Grocery 17 Cogs
Mar-16 2016 Revenue - Retail 63 Revenue
Mar-16 2016 Cogs - Retail 31 Cogs
Mar-16 2016 Operating expenses 87.58 Operating expenses
Mar-16 2016 D&A 4 D&A
Mar-16 2016 Interest expenses 4 Interest expenses
Mar-16 2016 Taxes 16 Taxes
Apr-16 2016 Revenue - Supermarkets 62 Revenue
Apr-16 2016 Cogs - Supermarkets 48 Cogs
Apr-16 2016 Revenue - Discounters 25 Revenue
Apr-16 2016 Cogs - Discounters 20 Cogs
Apr-16 2016 Revenue - Grocery 47 Revenue
Apr-16 2016 Cogs - Grocery 11 Cogs
Apr-16 2016 Revenue - Retail 56 Revenue
Apr-16 2016 Cogs - Retail 30 Cogs
Apr-16 2016 Operating expenses 80.73 Operating expenses
Apr-16 2016 D&A 3 D&A
Apr-16 2016 Interest expenses 4 Interest expenses
Apr-16 2016 Taxes 17 Taxes
May-16 2016 Revenue - Supermarkets 59 Revenue
May-16 2016 Cogs - Supermarkets 58 Cogs
May-16 2016 Revenue - Discounters 32 Revenue
May-16 2016 Cogs - Discounters 13 Cogs
May-16 2016 Revenue - Grocery 41 Revenue
May-16 2016 Cogs - Grocery 13 Cogs
May-16 2016 Revenue - Retail 54 Revenue
May-16 2016 Cogs - Retail 35 Cogs
May-16 2016 Operating expenses 88.45 Operating expenses
May-16 2016 D&A 4 D&A
May-16 2016 Interest expenses 5 Interest expenses
May-16 2016 Taxes 16 Taxes
Jun-16 2016 Revenue - Supermarkets 67 Revenue
Jun-16 2016 Cogs - Supermarkets 56 Cogs
Jun-16 2016 Revenue - Discounters 31 Revenue
Jun-16 2016 Cogs - Discounters 18 Cogs
Jun-16 2016 Revenue - Grocery 47 Revenue
Jun-16 2016 Cogs - Grocery 17 Cogs
Jun-16 2016 Revenue - Retail 66 Revenue
Jun-16 2016 Cogs - Retail 30 Cogs
Jun-16 2016 Operating expenses 102.92 Operating expenses
Jun-16 2016 D&A 3 D&A
Jun-16 2016 Interest expenses 4 Interest expenses
Jun-16 2016 Taxes 18 Taxes
Jul-16 2016 Revenue - Supermarkets 70 Revenue
Jul-16 2016 Cogs - Supermarkets 52 Cogs
Jul-16 2016 Revenue - Discounters 37 Revenue
Jul-16 2016 Cogs - Discounters 10 Cogs
Jul-16 2016 Revenue - Grocery 35 Revenue
Jul-16 2016 Cogs - Grocery 18 Cogs
Jul-16 2016 Revenue - Retail 59 Revenue
Jul-16 2016 Cogs - Retail 35 Cogs
Jul-16 2016 Operating expenses 104.28 Operating expenses
Jul-16 2016 D&A 3 D&A
Jul-16 2016 Interest expenses 5 Interest expenses
Jul-16 2016 Taxes 17 Taxes
Aug-16 2016 Revenue - Supermarkets 75 Revenue
Aug-16 2016 Cogs - Supermarkets 47 Cogs
Aug-16 2016 Revenue - Discounters 27 Revenue
Aug-16 2016 Cogs - Discounters 19 Cogs
Aug-16 2016 Revenue - Grocery 45 Revenue
Aug-16 2016 Cogs - Grocery 11 Cogs
Aug-16 2016 Revenue - Retail 59 Revenue
Aug-16 2016 Cogs - Retail 30 Cogs
Aug-16 2016 Operating expenses 78.25 Operating expenses
Aug-16 2016 D&A 4 D&A
Aug-16 2016 Interest expenses 5 Interest expenses
Aug-16 2016 Taxes 18 Taxes
Sep-16 2016 Revenue - Supermarkets 65 Revenue
Sep-16 2016 Cogs - Supermarkets 47 Cogs
Sep-16 2016 Revenue - Discounters 38 Revenue
Sep-16 2016 Cogs - Discounters 13 Cogs
Sep-16 2016 Revenue - Grocery 39 Revenue
Sep-16 2016 Cogs - Grocery 11 Cogs
Sep-16 2016 Revenue - Retail 58 Revenue
Sep-16 2016 Cogs - Retail 32 Cogs
Sep-16 2016 Operating expenses 78.78 Operating expenses
Sep-16 2016 D&A 3 D&A
Sep-16 2016 Interest expenses 4 Interest expenses
Sep-16 2016 Taxes 17 Taxes
Oct-16 2016 Revenue - Supermarkets 72 Revenue
Oct-16 2016 Cogs - Supermarkets 51 Cogs
Oct-16 2016 Revenue - Discounters 34 Revenue
Oct-16 2016 Cogs - Discounters 16 Cogs
Oct-16 2016 Revenue - Grocery 39 Revenue
Oct-16 2016 Cogs - Grocery 10 Cogs
Oct-16 2016 Revenue - Retail 64 Revenue
Oct-16 2016 Cogs - Retail 35 Cogs
Oct-16 2016 Operating expenses 83.46 Operating expenses
Oct-16 2016 D&A 3 D&A
Oct-16 2016 Interest expenses 5 Interest expenses
Oct-16 2016 Taxes 18 Taxes
Nov-16 2016 Revenue - Supermarkets 64 Revenue
Nov-16 2016 Cogs - Supermarkets 52 Cogs
Nov-16 2016 Revenue - Discounters 37 Revenue
Nov-16 2016 Cogs - Discounters 15 Cogs
Nov-16 2016 Revenue - Grocery 50 Revenue
Nov-16 2016 Cogs - Grocery 14 Cogs
Nov-16 2016 Revenue - Retail 58 Revenue
Nov-16 2016 Cogs - Retail 33 Cogs
Nov-16 2016 Operating expenses 87.21 Operating expenses
Nov-16 2016 D&A 3 D&A
Nov-16 2016 Interest expenses 5 Interest expenses
Nov-16 2016 Taxes 18 Taxes
Dec-16 2016 Revenue - Supermarkets 66 Revenue
Dec-16 2016 Cogs - Supermarkets 56 Cogs
Dec-16 2016 Revenue - Discounters 38 Revenue
Dec-16 2016 Cogs - Discounters 13 Cogs
Dec-16 2016 Revenue - Grocery 41 Revenue
Dec-16 2016 Cogs - Grocery 18 Cogs
Dec-16 2016 Revenue - Retail 65 Revenue
Dec-16 2016 Cogs - Retail 30 Cogs
Dec-16 2016 Operating expenses 91.56 Operating expenses
Dec-16 2016 D&A 4 D&A
Dec-16 2016 Interest expenses 4 Interest expenses
Dec-16 2016 Taxes 18 Taxes
12/1/2014 2014 Other revenue 524 Revenue
12/1/2015 2015 Other revenue 550 Revenue
12/1/2016 2016 Other revenue 628 Revenue
P&L
Scenario Best Case

$ in Millions 2014 2015 2016 Var % 14-15 Var % 15-16

Revenue 2922.0 2984.0 3040.0 2.1% 1.9%
Cogs -1401.0 -1383.0 -1367.0 -1.3% -1.2%
Gross Profit 1521.0 1601.0 1673.0 5.3% 4.5%
Operating expenses -1212.2 -1245.3 -1068.2 2.7% -14.2%
EBITDA 308.8 355.7 604.8 15.2% 70.0%
D&A -31.0 -44.0 -41.0 41.9% -6.8%
EBIT 277.8 311.7 563.8 12.2% 80.9%
Interest expenses -56.0 -65.0 -52.0 16.1% -20.0%
EBT 221.8 246.7 511.8 11.2% 107.5%
Taxes -207.5 -210.0 -208.6 1.2% -0.7%
EAT(Net Income) 14.3 36.7 303.2 156.5% 726.6%

Scenarios:
Revenue % growth
Selected case:
Best Case
Base case
Worst case

Cogs as % of Revenue
Selected case:
Best Case -48% -46% -45%
Base case -48% -46% -45%
Worst case -48% -46% -45%

Opex as % of Revenue
Selected case:
Best Case -41% -42% -35%
Base case -41% -42% -35%
Worst case -41% -42% -35%

Tax %
 Forcast
2017 2018 2019 2020 2021
3131.2 3225.1 3321.9 3421.5 3524.2
-1409.0 -1451.3 -1494.9 -1539.7 -1585.9
1722.2 1773.8 1827.0 1881.9 1938.3
-1095.9 -1128.8 -1162.7 -1197.5 -1233.5
626.2 645.0 664.4 684.3 704.8
-44.0 -41.0 -44.3 -45.3 -46.2
582.2 604.0 620.1 639.0 658.6
-54.4 -50.9 -47.0 -42.7 -38.1
527.8 553.2 573.1 596.3 620.6
-184.7 -193.6 -200.6 -208.7 -217.2
343.1 359.6 372.5 387.6 403.4

3% 3% 3% 3% 3%
3% 3% 3% 3% 3%
2% 2% 2% 2% 2%
1% 1% 1% 1% 1%

-45% -45% -45% -45% -45%

-45% -45% -45% -45% -45%
-46% -46% -46% -46% -46%
-47% -47% -47% -47% -47%

-35% -35% -35% -35% -35%

-35.0% -35.0% -35.0% -35.0% -35.0%
-39.0% -39.0% -39.0% -39.0% -39.0%
-41.0% -41.0% -41.0% -41.0% -41.0%

35.0% 35.0% 35.0% 35.0% 35.0%

Balance sheet
Forcast
$ in Millions 31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 31-Dec-18 31-Dec-19 31-Dec-20
Trade Receivables 143.9 154.8 169.3 163.7 168.6 173.6 178.8
Inventory 85 92 110 97.5 100.5 103.5 106.6
PP&E 632.5 632.5 659.5 673.6 688.0 702.6 717.6
Cash 24.8 21.8 220 298.3 249.4 247.3 243.0
Other assets 45.9 46.9 68 56.15 57.83 59.57 61.35
Assets 932.1 948 1226.8 1289.2 1264.2 1286.6 1307.5
Trade Payables 68 68.9 68.9 69.9 72.0 74.1 76.3
Provisions 32.5 28.7 28.7 28.7 28.7 28.7 28.7
Financial Liabilities 615.8 610.4 605 565.2 521.8 474.5 422.9
Other liabilities 48.3 43.3 38.9 45.75 47.13 48.54 50.00
Equity 167.5 196.7 485.3 691.1 906.9 1130.4 1363.0
Liabilities & Equity 932.1 948 1226.8 1400.6 1576.4 1756.2 1940.9

DSO 17.7 18.7 20.0 18.8 18.8 18.8 18.8

DPO 17.5 17.9 18.1 17.9 17.9 17.9 17.9
DIO 21.8 23.9 29.0 24.9 24.9 24.9 24.9
Other assets % 0.02 0.02 0.02 1.8% 1.8% 1.8% 1.8%
Other liabilities % 0.02 0.01 0.01 1.5% 1.5% 1.5% 1.5%

Check 0 0 0 -111.4142 -312.2375 -469.6014 -633.4403

 31-Dec-21
184.2
109.8
733.0
238.0
63.19
1328.1
78.6
28.7
366.7
51.50
1605.0
2130.5

18.8
17.9
24.9
1.8%
1.5%

-802.353
Asset Roll Forward
Forcast
$ in Millions 31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 31-Dec-18 31-Dec-19 31-Dec-20
Beginning PP&E 632.5 633 660 674 688 703
D&A -44 -41 -44 -45 -46 -47
Capex 44 68 58 60 61 62
Ending PP&E 632.5 660 674 688 703 718

D&A as a % of beginning PP&E -7.0% -6.5% -6.7% -6.7% -6.7% -6.7%

Capex as a % of beginning PP&E 7.0% 10.8% 8.9% 8.9% 8.9% 8.9%
31-Dec-21
718
-48
64
733

-6.7%
8.9%
Asset Roll Forward
Forcast
$ in Millions 31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 31-Dec-18 31-Dec-19 31-Dec-20
Debt 615.8 610 605 565 522 474
New Debt 0 0 0 0 0 0
Principal Repayments 5.4 5 40 43 47 52
Ending Debt 610.4 605 565 522 474 423

Debt to be repaid (in years) 10

Interest Rate 9%
Annual Payments $94.3

Period 1 2 3 4
Payment $94.3 $94.3 $94.3 $94.3
Interest Expense 54.45 $50.9 $47.0 $42.7
Debt Repayment $39.8 $43.4 $47.3 $51.6
Residual Debt $565.18 $521.77 $474.46 $422.89
31-Dec-21
423
0
56
367

5 6 7 8 9 10
$94.3 $94.3 $94.3 $94.3 $94.3 $94.3
$38.1 $33.0 $27.5 $21.5 $14.9 $7.8
$56.2 $61.3 $66.8 $72.8 $79.3 $86.5
$366.68 $305.41 $238.63 $165.83 $86.49 $0.00
Equity Schedule
Forcast
$ in Millions 31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 31-Dec-18 31-Dec-19 31-Dec-20
Beginning Equity 485.3 691.1 906.9 1130.4
Increase in Capital 0.0 0.0 0.0 0.0
Net Income(loss) 343.1 359.6 372.5 387.6
Dividends -137.2 -143.8 -149.0 -155.1
Ending Equity 485 691.1 906.9 1130.4 1363.0

Div. as a % of Net Income 40% 40% 40% 40%

31-Dec-21
1363.0
0.0
403.4
-161.3
1605.0

40%
Cash Flow

Forecast
$ in mln 2017 2018 2019 2020 2021
EBITDA 626.2 645.0 664.4 684.3 704.8
Interest expenses 54.4 50.9 47.0 42.7 38.1
Taxes -184.7 -193.6 -200.6 -208.7 -217.2
Change in Trade receivables 5.6 -4.9 -5.1 -5.2 -5.4
Change in Inventory 12.5 -2.9 -3.0 -3.1 -3.2
Change in Trade payables 1.0 2.1 2.2 2.2 2.3
Change in Other assets 11.9 -1.7 -1.7 -1.8 -1.8
Change in Other liabilities 6.9 1.4 1.4 1.5 1.5
Capex -58.4 -59.6 -60.9 -62.2 -63.5
Operating Cash Flow 475.3 436.6 443.6 449.7 455.6
Dividends -137.2 -143.8 -149.0 -155.1 -161.3
Change in Financial liabilities -39.8 -43.4 -47.3 -51.6 -56.2
Change in Provisions 0.0 0.0 0.0 0.0 0.0
Change in Equity 0.0 0.0 0.0 0.0 0.0
Net Cash Flow 298.3 249.4 247.3 243.0 238.0
 Steps of P&L
1 Mapping of Data 1
2 Output P&L 2
3 use sumifs 3
4 % variablity 4
5 conditional formatting
6 Add forcasting year, scenarios 5
7 Add forcasting year, scenarios 6
8 Assume scenarios, 7
9 use offset, match formula to make scenarios dynamic 8
10 9
11 10
12 11

13 12
14 13
15 14
Note: number k negative bnawe l *-1 kr ko formula m fr sum
apply kr skte h 15
Steps of Balance Sheet
output B/s
B/S m year nhi likhte periodlike 31 dec 2014 1
cell ref to input year datasheet 2
use index,match,match formula to put data in b/s 3
4
use find & replace to change the year after pasting the formula 5
add forcasting year and made necessary formats 6
calculate DSO,DPO,DIO,Other asset and liabilities %
forcast calculated ratios by using Average formula
change other asstes liabilities into %
calculate DSO,DPO,DIO,Other asset and liabilities % in b/s
made provision absolute

PP&E, Cash, financial liabilities and equity are complicated, we made

separate working for each
Steps : Fixed asset roll forward
start with PP&E
create new sheet name fixed asset roll forward
Do standard formating and copy header from b/s and paste here
Post beginning PP&E of 2014, DA of 2015, then PPE of 2015 as ending
calculate capex
for 2017, calculate % of da and capex avg
then ascertain remaining value and use sum to find ending ppe

create Financial Liabilities , fill the required p/l , b/s

Create Equity Schedule for equity
Create Cash Flow statement for the Cash Calculation