1. ANALYSIS OF ANNUAL REPORT OF APPLE COMPUTER INC PRESENTED BY:- SUNNY CHHUTANI(PGD FM-09/018)

4. INCOME STATEMENT IN MILLIONS OF DOLLARS IN U.S. DOLLARS YEARS SALES EBIT (EARNING BEFORE INTEREST AND TAX) DEPRECIATION TOTAL NET INCOME EPS (EARNING PER SHARE) TAX RATE (%) 2004 8,279.0 370.0 150.0 266.0 0.34 28.11 2005 13,931.0 1,808.0 179.0 1,328.0 1.55 26.55 2006 19,315.0 2,818.0 225.0 1,989.0 2.27 29.42 2007 24,006.0 5,008.0 297.0 3,496.0 3.93 30.19 2008 32,479.0 6,895.0 436.0 4,834.0 5.36 29.89

5. TREND PERCENTAGE OF INCOME STATEMENT YEARS 2004 2005 2006 2007 2008 SALES 8,279 (13,931/ 8,279) * 100 = 168.26 (19,315/ 8,279) * 100 = 233.30 (24,006/ 8,279) * 100 = 289.96 (32,479/ 8,279) * 100 = 392.30 EBIT(EARNING BEFORE INTEREST AND TAX) 370 (1,808/370) * 100 = 488.64 (2,818/370) * 100 = 761.62 (5,008/370) * 100 = 1,353.51 (6,895/370) * 100 = 1,863.51 DEPRECIATION 150 (179/150) * 100 = 119.33 (225/150) * 100 = 150 (297/150) * 100 = 198 (436/150) * 100 = 290.67 TOTAL NET INCOME 266 (1,328/266) * 100 = 499.25 (1,989/266) * 100 = 747.74 (3,496/266) * 100 = 1,314.28 (4,834/266) * 100 = 1,817.29 EARNING PER SHARE 0.34 (1.55/0.34) * 100 = 455.88 (2.27/0.34) * 100 = 667.64 (3.93/0.34) * 100 = 1,155.88 (5.36/0.34) * 100 = 1,576.47

6. GRAPHICAL PRESENTATION OF TREND PERCENTAGE OF INCOME STATEMENT

7. BALANCE SHEET IN U.S. DOLLARS IN MILLIONS OF DOLLARS ASSETS YEARS 09/2004 09/2005 09/2006 09/2007 09/2008 Cash and Equivalents 2,969 3,491 6,392 9,352 11,875 Marketable securities 2,495 4,770 3,718 6,034 12,615 Receivables 774 895 1,252 4,029 4,704 Inventories 101 165 270 346 509 Other current assets 485 648 2,270 996 3,065 Total current assets 6,824 9,969 13,902 20,757 32,768

8. BALANCE SHEET (cont.) ASSETS IN U.S. DOLLARS IN MILLIONS OF DOLLARS YEARS 09/2004 09/2005 09/2006 09/2007 09/2008 Gross fixed assets 864 1,481 2,075 2,841 3,747 Accumulated depreciation (458) (664) (794) (1,009) (1,292) Net fixed assets 406 817 1,281 1,832 2,455 Intangibles 17 96 160 382 285 Other non-current assets 191 155 1,217 1,051 1,935 Total non-current assets 614 1,068 2,658 3,265 4,675 Total assets 7,438 11,037 16,560 24,022 37,443

9. BALANCE SHEET (cont.) LIABILITIES IN U.S. DOLLARS IN MILLIONS OF DOLLARS YEARS 09/2004 09/2005 09/2006 09/2007 09/2008 Accounts payable 1,451 1,779 3,390 4,970 5,520 Other current liabilities 1,229 628 1,144 1,659 Nil Total current liabilities 2,680 2,407 4,534 6,629 5,520 Deferred income tax 294 601 381 619 675 Other non-current liabilities Nil Nil 369 897 3,775 Total non-current liabilities 294 601 750 1,516 4,450

10. BALANCE SHEET (cont.) LIABILITIES IN U.S. DOLLARS IN MILLIONS IN DOLLARS YEARS 09/2004 09/2005 09/2006 09/2007 09/2008 Total liabilities 2,974 3,008 5,284 8,145 9,970 Total Equity 5,076 7,466 9,984 14,532 21,030 Total liabilities & Stock Equity 8,050 10,474 15,268 22,677 31,000

11. TREND PERCENTAGE OF BALANCE SHEET YEARS 2004 2005 2006 2007 2008 CURRENT ASSETS 6,824 which is taken as base year= 100 (9,969/ 6,824)* 100 = 146.08 (13,902/ 6,824)* 100 = 203.7 (20,757/ 6,824)* 100 = 304.2 (32,768/ 6,824)* 100 = 480.2 NON CURRENT ASSETS 614 which is taken as base year = 100 (1,068/ 614) * 100 = 173.9 (2,658/ 614) * 100 = 432.9 (3,265/ 614) * 100 = 531.7 (4,675/ 614) * 100 = 761.4 TOTAL ASSETS 7,438 which is taken as base year = 100 (11,037/ 7,438)* 100 = 148.4 (16,560/ 7,438)* 100 = 222.6 (24,022/ 7,438)* 100 = 322.9 (37,443/ 7,438)* 100 = 503.4

12. GRAPHICAL PRESENTATION OF TREND PERCENTAGE OF ASSETS

13. TREND PERCENTAGE OF BALANCE SHEET (cont.) YEARS 2004 2005 2006 2007 2008 CURRENT LIABILITIES 2,680 which is taken as base year = 100 (2,407/ 2,680)* 100 = 89.8 (4,534/ 2,680)* 100 = 169.2 (6,629/ 2,680)* 100 = 247.4 (5,520/ 2,680)* 100 = 205.9 NON-CURRENT LIABILITIES 294 which is taken as base year = 100 (601/ 294)* 100 = 204.4 (750/ 294)* 100 = 255.1 (1,516/ 294)* 100 = 515.6 (4,450/ 294)* 100 = 1,513.6 TOTAL EQUITY 5,076 which is taken as base year = 100 (7,466/ 5,076)* 100 = 147.1 (9,984/ 5,076)* 100 = 196.7 (14,532/ 5,076)* 100 = 286.2 (21,030/ 5,076)* 100 = 414.3 TOTAL LIABILITIES 8,050 which is taken as base year = 100 (10,474/ 8,050)* 100 = 130.1 (15,268/ 8,050)* 100 = 189.7 (22,677/ 8,050)* 100 = 281.7 (31,000/ 8,050)* 100 = 385.1

14. GRAPHICAL PRESENTATION OF TREND PERCENTAGE OF LIABILITIES

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