CITRUS LEISURE

2008 - 2012

COMPANY INTRODUCTION
Incorporation in 1984 as Hotel Reefcomber
Re-branding as Amaya Reef this enhance
revenue through agents promotions
2011 ownership structure changed to adapt
to the booming conditions

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Financial Reporting and Analysis

CITRUS LEISURE

INVESTING ACTIVITIES

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Financial Reporting and Analysis

LIQUIDITY
Liquidity
2.50
2.00
1.50
1.00
0.50
0.00
Current ration
Quick asset ratio
cash ratio

2008
1.61
1.56
0.07

2009
1.53
1.48
0.01

2010
1.02
0.94
0.12

2011
2.27
2.27
0.14

2012
1.63
1.63
0.05

Low Cash ratio because of the lengthen working capital cycle

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Financial Reporting and Analysis

WORKING CAPITAL CYCLE

0.00
-500.00
-1000.00
-1500.00
-2000.00
WORKING CAPITAL
DAYS

2008

2009

2010

2011

2012

-96.66 -207.94 -232.33 -1610.64

Negative days because of low receivable and inventory turnover days

with high payable turnover days

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Financial Reporting and Analysis

CITRUS LEISURE

FINANCING ACTIVITIES

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Financial Reporting and Analysis

Nature of use of debt financing

operating Vs Financing
100.00%
50.00%
0.00%
Operating
Financing

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1
49.74%
50.26%

2
53.22%
46.78%

3
71.72%
28.28%

Financial Reporting and Analysis

4
6.45%
93.55%

5
28.67%
71.33%

Off-balance sheet financing

Growth in Finance Leasing
Axis Title

2000.00%
1500.00%
1000.00%
500.00%
0.00%
-500.00%
Finance Leasing

2008
0.00%

2009
-7.69%

2010
0.01%

2011
1445.95%

2012
-1.01%

portion of lease exp from finance cost

20.00%
10.00%
0.00%
portion of lease exp
from finance cost
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2008

2009

2010

2011

2012

4.62%

12.79%

17.40%

5.85%

1.15%

Financial Reporting and Analysis

CITRUS LEISURE

OPERATING ACTIVITIES

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Financial Reporting and Analysis

Operating performance
Margin
%

100%
80%
60%
40%
20%
0%
-20%
GP
Operating margin
Pre tax profit margin
NP

2008
70%
-9.21%
-4.93%
-1.50%

2009
65%
-10.56%
-6.03%
-6.91%

2010
72%
1.28%
3.12%
1.68%

2011
76%
17.84%
19.49%
13.81%

2012
80%
-0.65%
4.18%
4.05%

2011
9.3%

2012
2.7%

Fixed Asset Turnover

%

40.0%
20.0%
0.0%
Fixed Asset Turnover

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2008
19.1%

2009
20.8%

2010
24.3%

Financial Reporting and Analysis

10