Financial information received from our credit insurers

Financial information received from our credit...

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Hi all

Received the following set of financials from our credit insurers, but to me these look incorrect. Can people have a look please?

  31/12/2009 31/12/2010
Turnover 13 034  14 710 
Non trading income -91  29 
Gross profit 2 973  2 870 
Total wages 1 443  1 373 
Depreciation 76  70 
Provisions addition/reduction
Operating profit 252  82 
Interest paid 48  43 
Pre-tax profit before except. Result 208  42 
Dividend 430 
Retained Profit 233 58 
     
Intangible assets 26  15 
Financial assets 15  15 
Fixed assets 257  218 
Stocks 1 195  983 
Trade debtors 114  92 
Cash & securities 471  545 
Shareholders funds 421  245 
Long term debt 65  111 
Short term debt
Trade creditors 1 579  1 828 
Balance sheet total 2 499  1 828 
     
Export turnover 0.29 %  40.85 % 
Interest cover 529   196.86  
Turnover absorbed 0.372 %  0.292 % 
Gearing ratio 15 %  45 % 
Stock turnover 33 JC  24 JC 
Debtor days 3 JC  2 JC 
Creditor days 43 JC  44 JC 
Working capital 402   138  
Working capital requirement -67   -407  
Acid test 0.01   0.01  
Added value rate 13.53 %  10.03 % 
Profit margin 1.7 %  0.3 % 
Cash flow 285   113  
Number of Employees 47   0  

It just seems littered with errors, Presumably there's some lines missing in the balance sheet, such as other debtors, which could explain why some things don't seem to ass up properly such as balance sheet total. But a lot of this looks contradictory! Pre tax profit in 2009 of 208 with 430 dividends, producing a higher retained profit! Then shareholders funds down massively in 2010 despite a retained profit! I've got a conference call with the people that have supplied the figures to me on Monday. Should I give them short shrift?

Thanks in advance for your comments, and don't be shy

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By alicooke71
17th Feb 2012 21:54

Incomplete figures
It seems to be pre-tax before exceptionals, I suppose the exceptionals could be large credits?

There certainly seems to be figures missing.

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