Gilbert Company

Statement of Financial Position

December 31, 2015-2019
(P000's)

December Net Sales

Assets 2015 2016 2017 2018 2019 Cost of Goods sold
Current Assets Gross margin on sales
Cash 56.4 117.2 118.0 148.4 166.8 Operating expenses
Marketable Securities 210.2 79.2 79.6 79.0 89.8 Selling expenses
Trade Receivables, net 522.2 406.6 460.6 539.8 583.8 General and adm
Inventory 394.4 439.2 483.8 536.6 506.8 Total operating ex
Other current assets 121.4 101.00 10.32 104.2 70.4 Operating income
Total current assets 1304.6 1143.2 1245.2 1408.0 1417.6 Other income and exp
Income before taxes
Land, building and equipment, net 853.8 1364.4 1380.8 1430.2 1440.2 Less: Income before t
Other assets 8.6 221.00 324.6 318.8 349.6 Net income
Total Assets 2167.0 2728.6 2950.6 3157.00 3207.4

Liabilities and Equity

Current Liabilities
Accounts Payable 375.0 362.8 345.2 303.0 320.8
Notes Payable 112.6 210.2 177.0 123.2 86.6
Other current liabilities 147.4 38.2 50.2 69.4 57.6
Total current liabilities 635.0 611.2 572.4 495.6 465.0
Long-term liabilities (4%) 325.0 532.0 481.0 457.8 401.0
Total Liabilities 960.0 1143.2 1053.4 953.4 866.0

Equity
Share Capital (P100 par) common 850.0 1050.0 1240.0 1240.0 1240.0
Additional paid-in capital 140.0 240.0 320.0 320.0 320.0
Retained Earnings 217.0 295.4 337.2 643.6 781.4
Total Equity 1207.0 1585.4 1897.2 2203.6 2341.4
Total liabilities and equity 2167.0 2728.6 2950.6 3157.0 3207.4
 Gilbert Company
Income Statement
For the Years Ended December 31, 2015-2019 For the Ye
(P000's)

2015 2016 2017 2018 2019

Net Sales 1707.4 1719.6 2402.4 2682.6 2983.6 Net Sales
Cost of Goods sold 1248.2 1255.4 1722.6 1928.8 2109.4 Cost of Goods sold
Gross margin on sales 459.2 464.2 679.8 753.8 874.2 Gross margin on sales
Operating expenses Operating expenses
Selling expenses 230.4 232.2 365.2 421.2 507.2
General and administrative expenses 99.0 108.2 158.4 163.6 185.0
Total operating expenses 329.4 340.4 523.6 584.8 692.2
Operating income 129.8 123.8 156.2 169.0 182.0 Operating income
Other income and expenses, net (deduct) -20.6 -17 -26.4 -21.4 -15.0 Other income and expenses,
Income before taxes 109.2 106.8 129.8 147.6 167.0 Income before taxes
Less: Income before taxes 51.2 53.4 65 53.8 62.6 Less: Income before taxes
Net income 58.0 53.4 64.8 93.8 104.4 Net income
 Gilbert Company
Income Statement
For the Years Ended December 31, 2015-2019
(P000's)

2015 2016 2017 2018 2019

100% 1719.6 2402.4 2682.6 2983.6
Cost of Goods sold 73.1% 1255.4 1722.6 1928.8 2109.4
Gross margin on sales 26.9% 464.2 679.8 753.8 874.2
Operating expenses
Selling expenses 13.5% 232.2 365.2 421.2 507.2
General and administ 5.8% 108.2 158.4 163.6 185.0
Total operating expen 19.3% 340.4 523.6 584.8 692.2
Operating income 7.6% 123.8 156.2 169.0 182.0
Other income and expenses, net -1.2% -17 -26.4 -21.4 -15.0
Income before taxes 6.4% 106.8 129.8 147.6 167.0
Less: Income before taxes 3.0% 53.4 65 53.8 62.6
Net income 3.4% 53.4 64.8 93.8 104.4
 Gilbert Company
Statement of Financial Position
December 31, 2015-2019
(P000's)

December
Assets 2015 2016 2017 2018 2019 Net Sales
Current Assets Cost of Goods sold
Cash 100.0 208.0 209.0 263.0 296.0 Gross margin on sale
Marketable Securities 100.0 37.0 38.0 38.0 43.0
Trade Receivables, net 100.0 78.0 88.0 103.0 112.0
Inventory 100.0 111.0 123.0 136.0 128.0 Other income and ex
Other current assets 100.0 83.0 85.0 86.0 58.0 Net income
Total current assets 100.0 88.0 95.0 108.0 109.0

Land, building and equipment, net 100.0 160.0 162.0 168.0 169
Other assets 100.0 2570.0 3774.0 3707.0 4065
Total Assets 100.0 126.0 136.0 146.0 148

Liabilities and Equity

Current Liabilities
Accounts Payable 100.0 97.0 92.0 81.0 86.0
Notes Payable 100.0 187.0 157.0 109.0 77.0
Other current liabilities 100.0 26.0 34.0 47.0 39.0
Total current liabilities 100.0 96.0 90.0 78.0 73.0
Long-term liabilities (4%) 100.0 164.0 148.0 141.0 123.0
Total Liabilities 100.0 119.0 110.0 99.0 90.0

Equity
Share Capital (P100 par) common 100.0 124.0 146.0 146.0 146.0
Additional paid-in capital 100.0 171.0 229.0 229.0 229.0
Retained Earnings 100.0 136.0 155.0 27.0 360.0
Total Equity 100.0 131.0 157.0 183.0 194.0
Total liabilities and equity 100.0 126.0 136.0 146.0 148.0
 Gilbert Company
Income Statement
For the Years Ended December 31, 2015-2019
(P000's)

2015 2016 2017 2018 2019

Net Sales 100 101 141 157 175
Cost of Goods sold 100 101 138 155 169
Gross margin on sales 100 101 148 164 190
Selling expenses 100 101 159 183 220
General and administrative expenses 100 109 160 165 187
Other income and expenses, net (deduct) 100 83 128 104 73
Net income 100 92 112 162 180