EVA without any Accounting Adjustments

Balance Sheet Income Statement

Assets 2005 2004 2005 2004
Current Assets Revenue 5094 4972
Cash 467 455 COGS 1511 1551
Marketable Securities 17 18 Gross Profit 3583 3421
Accounts Receivables 971 939 Selling and Admin Expens 2174 2138
Inventory 764 767 Other Operating Expenses 0 361
Prepaid Expenses 575 476 Operating Profit 1409 922
Total 2794 2655 Interest income 81 86
Plant 2830 2686 Interest expenses 164 159
Less A.Dep -663 -612 Profit before tax 1326 849
Net Plant 2167 2074 Income Tax 423 306
Intangible Assets 645 479 Profit after Tax 903 543
Total Assets 5606 5208
Sources No of shares 622 619
Current
Accounts Payables 864 908 Cost of funds information
Accrued Expenses 56 68 Rf 5.12%
Accrued Income Taxes 213 150 Risk Premium 6%
Advance incomes 43 39 Kd 6.98%
Loans and notes payables 936 1198 Stock Beta 0.85
Other CL 39 5 Opening Stock price 26.81
Total 2151 2368 Closing stock price 18.15
Long Term Debt 1545 1460 Tax Rate 35%
Deferred Income Tax 111 90
Equity 1799 1290
Total Sources 5606 5208
 Find the following

2005
NOPAT

CE

WaCC

CC 0

EVA 0