TFG and Ten Subsidiaries
Year ended 31 December
2013(1)
(Restated)
Unaudited
2014
Audited
2015
Audited
Summary of Financial Statement
Revenue from sales of goods and services 15,770 17,067 17,365
Cost of sales of goods and rendering of services (13,939) (15,121) (18,106)
Gross profit (loss) 1,831 1,946 (741)
Total expenses (645) (877) (967)
Profit (Loss) before finance cost and income tax expense 1,282 1,214 (1,565)
Profit (Loss) for the year 1,053 916 (1,574)
Financial Statement
Current Assets 5,103 7,770 6,132
Non-current assets 5,108 5,527 6,573
Total Assets 10,211 13,297 12,705
Current Liabilities 6,503 8,752 7,111
Non-Current Liabilities 1,228 647 942
Total Liabilities 7,731 9,399 8,053
Shareholders’ equity 2,480 3,898 4,652
Current Ratio
Current Ratio (Times) 0.78 0.89 0.86
Accounts receivable turnover (Times) 33.37 45.89 39.88
Inventory Turnover (Times) 5.23 3.85 4.29
Accounts payable turnover (Times) 9.53 9.19 10.40
Profitability Ratio
Gross profit margin (%) 11.61 11.41 (4.27)
Operating margin (%) 8.13 7.11 (9.01)
Net profit margin (%) 6.64 5.32 (8.99)
Return on equity (%) 52.19 28.73 (36.82)
Efficiency Ratio
Return on total assets (%) 11.71 7.79 (12.11)
Return on fixed assets (%) 36.26 30.30 (11.16)
Financial policy ratio
Debt to Equity ratio (Times) 3.12 2.41 1.73
Interest coverage ratio (Times) 4.84 (2.03) (0.67)
Dividend payout ratio (%) - 117.99 -

Notes:

  • (1) The unaudited consolidated financial statements for the year ended 31 December 2013, and the consolidated financial information which has been included only for comparative purposes, comprise the consolidated financial information of our Company and all of our subsidiaries, including the subsidiaries we acquired as well as the 2014 as if these subsidiaries had been in our Group before 1 January 2013 or from the date of incorporation, whichever is later, as these additional subsidiaries have been entities under common control with our