92 - Gambling organization

1 - General information

2 - Income statement

	Average	%	Trend
Out of taxes turnover	M$ 24.3	100%	-49.0%
Purchases & stocks variance	M$ -0.7	-3%	+2.3 points
Gross margin	M$ 23.5	97%	-2.3 points
Operating expenses & revenues	M$ -13.5	-56%	-24.2 points
Taxes and subsidies	M$ 3.2	13%	-6.6 points
Value added at factor costs	M$ 6.4	26%	+14.2 points
Wages costs  (1 employee = K$ 55)	M$ -2.8	-11%	+6.4 points
Gross operating surplus	M$ 3.6	15%	+7.8 points
Depreciation and provisions	M$ -0.6	-2%	+1.4 points
Operating income	M$ 3.1	13%	+6.4 points
Financial incomes and costs	M$ 0.1	0%	-1.5 points
Earnings before taxes	M$ 3.0	12%	+4.9 points
Exceptional incomes and costs	M$ -0.1	-1%	-0.1 points
Income tax	M$ -0.3	-1%	+0.6 points
Net income	M$ 2.5	10%	+4.4 points
Self-financing capacity	M$ 3.2	13%	+6.6 points

3 - Balance sheet

Assets	Average	%	Liabilities	Average	%
Gross intangible assets	M$ 3.2	11%	Equity	M$ 14.0	49%
Of which goodwill	M$ 1.6	6%	Of which share capital	M$ 6.1	21%
Gross tangible assets	M$ 9.5	33%	Bank loans	M$ 4.9	17%
Of which lands	M$ 0.4	1%
Gross financial capital assets	M$ 12.0	42%
Depreciations	M$ -9.6	-33%
Net fixed assets	M$ 15.1	53%	Permanent capital	M$ 18.9	66%
Stocks	M$ 0.2	1%	Payables	M$ 1.8	6%
Receivables	M$ 7.2	25%	Other liabilities	M$ 8.0	28%
Cash	M$ 4.4	15%
Other assets	M$ 1.8	6%
Current assets	M$ 13.6	47%	Short term debts	M$ 9.8	34%
total assets	M$ 28.7	100%	total liabilities	M$ 28.7	100%

4 - Cash

	Average	% Turnover
Stocks  (stock cover : 5 days)	M$ 0.2	1%
Receivables  (payment terms : 89 - 107 days)	M$ 7.2	30%
Other assets	M$ 1.8	7%
Payables  (payment terms : 37 - 44 days)	M$ -1.8	-7%
Other liabilities	M$ -8.0	-33%
Net working capital (A)	M$ -0.6	-3%
Permanent capital	M$ 18.9	78%
Net fixed assets	M$ -15.1	-62%
Working capital (B)	M$ 3.7	15%
Cash (B - A)	M$ 4.4	18%

5 - Profitability analysis

1 - General information

2 - Income statement

	Average	%	Trend
Out of taxes turnover	M$ 6.7	100%	-21.3%
Purchases & stocks variance	M$ -0.3	-5%	-0.3 points
Gross margin	M$ 6.4	95%	+0.3 points
Operating expenses & revenues	M$ -1.6	-24%	-1.1 points
Taxes and subsidies	M$ 0.6	9%	-1.6 points
Value added at factor costs	M$ 3.9	59%	-0.7 points
Wages costs  (1 employee = K$ 46)	M$ -2.4	-36%	-0.8 points
Gross operating surplus	M$ 1.5	23%	+0.1 points
Depreciation and provisions	M$ -0.5	-8%	+0.4 points
Operating income	M$ 1.0	14%	-0.3 points
Financial incomes and costs	M$ 0.0	0%	0.0 points
Earnings before taxes	M$ 0.9	14%	-0.3 points
Exceptional incomes and costs	M$ 0.0	0%	+1.5 points
Income tax	M$ -0.2	-4%	-0.3 points
Net income	M$ 0.7	10%	-1.5 points
Self-financing capacity	M$ 1.1	16%	-2.1 points

3 - Balance sheet

Assets	Average	%	Liabilities	Average	%
Gross intangible assets	M$ 1.1	7%	Equity	M$ 8.1	53%
Of which goodwill	M$ 0.3	2%	Of which share capital	M$ 3.2	21%
Gross tangible assets	M$ 10.0	65%	Bank loans	M$ 3.9	25%
Of which lands	M$ 0.2	1%
Gross financial capital assets	M$ 6.3	41%
Depreciations	M$ -7.9	-52%
Net fixed assets	M$ 9.5	62%	Permanent capital	M$ 12.0	78%
Stocks	M$ 0.2	1%	Payables	M$ 0.5	3%
Receivables	M$ 2.7	17%	Other liabilities	M$ 2.8	18%
Cash	M$ 2.9	19%
Other assets	M$ 0.1	0%
Current assets	M$ 5.8	38%	Short term debts	M$ 3.3	22%
total assets	M$ 15.3	100%	total liabilities	M$ 15.3	100%

4 - Cash

	Average	% Turnover
Stocks  (stock cover : 37 days)	M$ 0.2	3%
Receivables  (payment terms : 120 - 144 days)	M$ 2.7	40%
Other assets	M$ 0.1	1%
Payables  (payment terms : 72 - 86 days)	M$ -0.5	-7%
Other liabilities	M$ -2.8	-42%
Net working capital (A)	M$ -0.4	-6%
Permanent capital	M$ 12.0	180%
Net fixed assets	M$ -9.5	-143%
Working capital (B)	M$ 2.5	37%
Cash (B - A)	M$ 2.9	43%

5 - Profitability analysis

1 - General information

2 - Income statement

	Average	%	Trend
Out of taxes turnover	M$ 1,012	100%	-52.4%
Purchases & stocks variance	M$ -10	-1%	+0.6 points
Gross margin	M$ 1,002	99%	-0.6 points
Operating expenses & revenues	M$ -603	-60%	-21.6 points
Taxes and subsidies	M$ 143	14%	-7.5 points
Value added at factor costs	M$ 243	24%	+12.9 points
Wages costs  (1 employee = K$ 55)	M$ -98	-10%	+5.4 points
Gross operating surplus	M$ 145	14%	+7.5 points
Depreciation and provisions	M$ -22	-2%	+1.4 points
Operating income	M$ 123	12%	+6.1 points
Financial incomes and costs	M$ 3	0%	-1.5 points
Earnings before taxes	M$ 120	12%	+4.6 points
Exceptional incomes and costs	M$ -6	-1%	-0.1 points
Income tax	M$ -12	-1%	+0.6 points
Net income	M$ 101	10%	+4.2 points
Self-financing capacity	M$ 0	0%	-6.3 points

3 - Balance sheet

Assets	Average	%	Liabilities	Average	%
Gross intangible assets	$ 0	0%	Equity	$ 0	0%
Of which goodwill	$ 0	0%	Of which share capital	$ 0	0%
Gross tangible assets	$ 0	0%	Bank loans	$ 0	0%
Of which lands	$ 0	0%
Gross financial capital assets	$ 0	0%
Depreciations	$ 0	0%
Net fixed assets	$ 0	0%	Permanent capital	$ 0	0%
Stocks	$ 0	0%	Payables	$ 0	0%
Receivables	$ 0	0%	Other liabilities	$ 0	0%
Cash	$ 0	0%
Other assets	$ 0	0%
Current assets	$ 0	0%	Short term debts	$ 0	0%
total assets	$ 0	0%	total liabilities	$ 0	0%

4 - Cash

	Average	% Turnover
Stocks  (stock cover : 0 days)	$ 0	0%
Receivables  (payment terms : 0 - 0 days)	$ 0	0%
Other assets	$ 0	0%
Payables  (payment terms : 0 - 0 days)	$ 0	0%
Other liabilities	$ 0	0%
Net working capital (A)	$ 0	0%
Permanent capital	$ 0	0%
Net fixed assets	$ 0	0%
Working capital (B)	$ 0	0%
Cash (B - A)	$ 0	0%

5 - Profitability analysis