Balance Sheet Jun 2018

Balance
Sheet
A) Kalsom
For year
ended 31st
December
2017

Assets RM Liabilities RM

       

Liquids Assets   Current liabilities  

Current account - 5,000 CIB Credit Card 500

Saving account - 1,300    

Total Liquid Assets 6,300 Total Current Liabilities 500

       

Lifestyle Assets   Non-current Liabilities  

Single-storey house 220,000 Home Mortgage 102,500

Studio Apartment
Honda City 25,000 Mortgage 695,000
Clothing, handbag &
shoes 20,000

Electronic gadgets 15,000

Total Non-Current
Total Lifestyle Asset 280,000 Liabilities 797,500

    Total Liabilities 798,000

Investment Assets      

Tabung Haji 5,000 Total Net Worth -173,700

MyEG shares 10,000    

PRS 3,000    

Studio apartment 320,000

Total Investment
Assets 338,000    

       

       
Total Liabilities + Net
Total Assets 624,300 Worth 624,300
 Cash Flow Statement
B) Kalsom
For year ended 31st
December 2017

INCOME
Salary 72,000
Rental Income 14,400
Dividend Income 200
Dividend Tabung Haji 400
TOTAL INCOME 87,000

(LESS) EXPENSES
House instalment 7,440
Studio instalment 12,600
House maintenance 1,200
Apartment instalment
fee 1,440
Medical insurance 2,520
Broadband charges 1,320
Zakat 2,160
Fuel & car
maintenance 9,600
Utilities 6,000
Dining expenses 7,200
Car insurance 800
Clothing expenses 6,000
Total Expense 58,280

SAVING/DISSAVING 28,720

C) Financial Ratio
1) Current ratio Liquid asset/Current liabilities: 6,300/500 x 100 = 12.6
The current ratio should be more than 1 in order to maintain
liquidity. Kalsom has a high liquidity position - has the ability
to pay short-term obligation

2) Debt service Take-home pay/debt service charges: 72,000/ (7,440 + 12,600) =

coverage ratio RM3.59
Debt service simply means debt payment which include the
payment of principal and interest. This means that Kalsom
earns RM3.59 in take home pay for each RM1 of required
debt repayment and interest. The higher the ratio, the better,
because it means that Kalsom has the ability to make
loan/debt payments