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Literature & Language
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Topic:
LG Company Financial Analysis (Essay Sample)
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company financial analysis
source..Content:
Topic: LG Company Financial Analysis
Name:
Course:
Instructor’s Name:
Date:
Introduction
The company has been ventured in the electronic world that has facilitated by the increased number of customers in the market. This had been an ample time for the company’s operations to be strategically arranged and formulated to ensure that they are effective and efficiently undertaken once the company started its operations .This helped the company in the production of quality products that do not disappoint the consumers thus earning their loyalty.
The company has numerous competitors in the electronic market such as the mobile phone companies such as Samsung, Nokia, Apple, Blackberry, HTC, Alcatel, Sony, Motorola, Tecno mobiles among others. The competitors are at a rise as they also try to achieve the market dominance with their services and products. On the other hand in the face of appliances especially the home use appliances, such companies as Samsung, Armco, Phillips, and Sony among others are also in the move to dominate in the market. This poses a threat to the company of losing its dominance in the market (Grant, 2007).
The company’s financial statements are stated below indicating the trends in the financial status of the company. The trends are clearly shown in the statement of financial statements as well as in the income statement.
LG COMPANY LTD
INCOME STATEMENT FOR THE YEARS ENDED DEC 2011, 2012, 2013
Dec 312011Restated$
Dec 312012$
Dec 312013$
Revenues
165,001,771.0
201,103,613.0
228,692,667.0
TOTAL REVENUES
165,001,771.0
201,103,613.0
228,692,667.0
Cost Of Goods Sold
112,145,120.0
126,651,931.0
137,696,309.0
GROSS PROFIT
52,856,651.0
74,451,682.0
90,996,358.0
Selling General & Admin Expenses, Total
26,588,576.0
33,073,560.0
38,934,012.0
R&D Expenses
9,955,164.0
11,532,795.0
14,319,402.0
Depreciation & Amortization, Total
668,620.0
795,989.0
957,931.0
Other Operating Expenses
--
--
--
OTHER OPERATING EXPENSES, TOTAL
37,212,360.0
45,402,344.0
54,211,345.0
OPERATING INCOME
15,644,291.0
29,049,338.0
36,785,013.0
Interest Expense
-644,133.0
-599,006.0
-509,658.0
Interest And Investment Income
740,076.0
951,612.0
1,463,768.0
NET INTEREST EXPENSE
95,943.0
352,606.0
954,110.0
Income (Loss) On Equity Investments
1,399,194.0
986,611.0
504,063.0
Currency Exchange Gains (Loss)
-664,817.0
-143,912.0
-330,105.0
Other Non-Operating Income (Expenses)
-289,058.0
-47,993.0
-480,186.0
EBT, EXCLUDING UNUSUAL ITEMS
16,185,553.0
30,196,650.0
37,432,895.0
Impairment Of Goodwill
-183,145.0
-204,746.0
-99,643.0
Gain (Loss) On Sale Of Investments
223,496.0
112,505.0
1,117,029.0
Gain (Loss) On Sale Of Assets
1,067,145.0
-177,348.0
-77,225.0
Other Unusual Items, Total
-101,131.0
-12,044.0
-8,777.0
EBT, INCLUDING UNUSUAL ITEMS
17,191,918.0
29,915,017.0
38,364,279.0
Income Tax Expense
3,432,875.0
6,069,732.0
7,889,515.0
Minority Interest In Earnings
-376,398.0
-659,910.0
-653,549.0
Earnings From Continuing Operations
13,759,043.0
23,845,285.0
30,474,764.0
NET INCOME
13,382,645.0
23,185,375.0
29,821,215.0
NET INCOME TO COMMON INCLUDING EXTRA ITEMS
11,613,300.0
20,130,020.0
25,893,396.0
NET INCOME TO COMMON EXCLUDING EXTRA ITEMS
11,613,300.0
20,130,020.0
25,893,396.0
Balance Sheet
Division
2011
2012
2013
Current assets
7,556
7,453
74,529
Non-current assets
8,029
91,282
91,282
Total assets
15,286
165,812
165,812
Current liabilities
4,724
43,380
43,380
Non-current liabilities
854
14,778
14,778
Total liabilities
5,578
58,158
58,158
Equity attributable to owners of the parent
9,554
106,293
106,293
Non-controlling interests
154
1,361
1,361
Tot...
Name:
Course:
Instructor’s Name:
Date:
Introduction
The company has been ventured in the electronic world that has facilitated by the increased number of customers in the market. This had been an ample time for the company’s operations to be strategically arranged and formulated to ensure that they are effective and efficiently undertaken once the company started its operations .This helped the company in the production of quality products that do not disappoint the consumers thus earning their loyalty.
The company has numerous competitors in the electronic market such as the mobile phone companies such as Samsung, Nokia, Apple, Blackberry, HTC, Alcatel, Sony, Motorola, Tecno mobiles among others. The competitors are at a rise as they also try to achieve the market dominance with their services and products. On the other hand in the face of appliances especially the home use appliances, such companies as Samsung, Armco, Phillips, and Sony among others are also in the move to dominate in the market. This poses a threat to the company of losing its dominance in the market (Grant, 2007).
The company’s financial statements are stated below indicating the trends in the financial status of the company. The trends are clearly shown in the statement of financial statements as well as in the income statement.
LG COMPANY LTD
INCOME STATEMENT FOR THE YEARS ENDED DEC 2011, 2012, 2013
Dec 312011Restated$
Dec 312012$
Dec 312013$
Revenues
165,001,771.0
201,103,613.0
228,692,667.0
TOTAL REVENUES
165,001,771.0
201,103,613.0
228,692,667.0
Cost Of Goods Sold
112,145,120.0
126,651,931.0
137,696,309.0
GROSS PROFIT
52,856,651.0
74,451,682.0
90,996,358.0
Selling General & Admin Expenses, Total
26,588,576.0
33,073,560.0
38,934,012.0
R&D Expenses
9,955,164.0
11,532,795.0
14,319,402.0
Depreciation & Amortization, Total
668,620.0
795,989.0
957,931.0
Other Operating Expenses
--
--
--
OTHER OPERATING EXPENSES, TOTAL
37,212,360.0
45,402,344.0
54,211,345.0
OPERATING INCOME
15,644,291.0
29,049,338.0
36,785,013.0
Interest Expense
-644,133.0
-599,006.0
-509,658.0
Interest And Investment Income
740,076.0
951,612.0
1,463,768.0
NET INTEREST EXPENSE
95,943.0
352,606.0
954,110.0
Income (Loss) On Equity Investments
1,399,194.0
986,611.0
504,063.0
Currency Exchange Gains (Loss)
-664,817.0
-143,912.0
-330,105.0
Other Non-Operating Income (Expenses)
-289,058.0
-47,993.0
-480,186.0
EBT, EXCLUDING UNUSUAL ITEMS
16,185,553.0
30,196,650.0
37,432,895.0
Impairment Of Goodwill
-183,145.0
-204,746.0
-99,643.0
Gain (Loss) On Sale Of Investments
223,496.0
112,505.0
1,117,029.0
Gain (Loss) On Sale Of Assets
1,067,145.0
-177,348.0
-77,225.0
Other Unusual Items, Total
-101,131.0
-12,044.0
-8,777.0
EBT, INCLUDING UNUSUAL ITEMS
17,191,918.0
29,915,017.0
38,364,279.0
Income Tax Expense
3,432,875.0
6,069,732.0
7,889,515.0
Minority Interest In Earnings
-376,398.0
-659,910.0
-653,549.0
Earnings From Continuing Operations
13,759,043.0
23,845,285.0
30,474,764.0
NET INCOME
13,382,645.0
23,185,375.0
29,821,215.0
NET INCOME TO COMMON INCLUDING EXTRA ITEMS
11,613,300.0
20,130,020.0
25,893,396.0
NET INCOME TO COMMON EXCLUDING EXTRA ITEMS
11,613,300.0
20,130,020.0
25,893,396.0
Balance Sheet
Division
2011
2012
2013
Current assets
7,556
7,453
74,529
Non-current assets
8,029
91,282
91,282
Total assets
15,286
165,812
165,812
Current liabilities
4,724
43,380
43,380
Non-current liabilities
854
14,778
14,778
Total liabilities
5,578
58,158
58,158
Equity attributable to owners of the parent
9,554
106,293
106,293
Non-controlling interests
154
1,361
1,361
Tot...
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