CanCompCorpStatements

CanCompCorpStatements - Total long-term assets 1,118 1,035...

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Canadian Composite Corporation Balance Sheet 2005 and 2004 (in $ millions) Liabilities (Debt) Assets 2005 2004 and Shareholders' Equity 2005 2004 Current assets: Current Liabilities: Cash and equivalents 140 107 Accounts payable 213 197 Accounts receivable 294 270 Notes payable 50 53 Inventories 269 280 Accrued expenses 223 205 Other 58 50 Total current liabilities 486 455 Total current assets 761 707 Long-term Liabilities: Long-term assets: Deferred taxes 117 104 Property, Plant and Equipment 1,423 1,274 Long-term debt 471 458 Less Accumulated Depreciation (550) (460) Total long-term liabilities 588 562 Net Property, Plant and Equipment 873 814 Intangible assets and others 245 221 Shareholders' equity:
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Unformatted text preview: Total long-term assets 1,118 1,035 Preferred shares 39 39 Common Shares 376 339 Accumulated retained earnings 390 347 Total equity 805 725 Total assets 1,879 1,742 Total liabilities and shareholders' equity 1,879 1,742 Canadian Composite Corporation Income Statement 2005 (in $ millions) Total operating revenues 2,262 Cost of goods sold (1,655) Selling, general and administrative expenses (327) Depreciation (90) Operating income 190 Other income 29 Earnings before interest and taxes 219 Interest expense (49) Pretax income 170 Taxes (84) Current: 71 Deferred: 13 Net income 86 Retained earnings: 43 Dividends: 43...
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This note was uploaded on 11/02/2011 for the course ACTSC 371 taught by Professor Wood during the Fall '08 term at Waterloo.

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CanCompCorpStatements - Total long-term assets 1,118 1,035...

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