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ACG6026GroupAssignmentWeek-P26EROYAL.xlsx
Royal
| For Royal Caribbean do the following: | ||||
| Obtain the fiscal 2021 annual report at: | https://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=116506312&type=PDF&symbol=RCL&companyName=Royal+Caribbean+Group&formType=10-K&dateFiled=2022-03-01&CK=884887 | |||
| I. FINANCIAL STATEMENT REVIEW | ||||
| Provide the following for the 2021 fiscal year from the Financial Statements (Item 8 of the Annual Report) in the blue box provided. Answers may be found on face of the financial statements or on footnotes | ||||
| – | How much was Revenues? | $$ | % of Total | |
| From Ticket sales | ||||
| What % of Sales was from International? | From Onboard and other | |||
| Total | ||||
| – | How much was Property and Equipment, net | |||
| – | Detail the P&E balance: | Note 6 | Note 1, P&E section | |
| Categories | Gross Asset Balance | Useful Life | ||
| Total | ||||
| – | Related to Accumulated Depreciation | |||
| AD balance (Note 7) | ||||
| % of P&E assets depreciated | Do not include the balance in Ships under Construction when calculating this % | |||
| – | Related to depreciation method (Note 1) | |||
| What depreciation method does Royal use ? | ||||
| What percentage residual value is assigned to the ships? | ||||
| Generally, what is useful life based on? | ||||
| – | Calculate Asset Turnover Ratio for 2019. Use 2019 Revenues. Refer to 2019 BS on next sheet. | |||
| Formula | Amounts | Answer | ||
| E.g. A – B = C | 100 – 70 | 30 | ||
| – | Detail the Intangible balance: | |||
| Categories | Net Carrying Value | Remaining Life | ||
| Goodwill (Balance Sheet) | ||||
| Enter other here (from Note 5) | ||||
| Enter other here (from Note 5) | ||||
| Enter other here (from Note 5) | ||||
| Enter other here (from Note 5) | ||||
| Total | ||||
| – | Goodwill (Note 4) | |||
| How much in goodwill impairment charge did the Company record for Silverseas in 2021? | ||||
| How much was the goodwill recorded for Silverseas at the end of 2019? | ||||
| What percentage of goodwill was impaired? | ||||
| – | Anything else interesting reported about fixed or intangible assets in the Financial Statements Item 8? | |||
| II. MANAGEMENT'S DISCUSSION AND REVIEW (MD&A) ANALYSIS | ||||
| Enter the answers to the following from the MD&A (Item 7 of the Annual Report) in the blue box provided. | ||||
| – | Under Results of Operations section, by how much did revenues decrease from 2020 to 2021 and why? | |||
| – | Under the Future Capital Commitments section, what is the the aggregate cost of the ships on order? | |||
