The company increased revenue by 6% in 2018 but other income decreased, so total income grew only 5.65%. Interest expenses increased substantially but profits grew moderately. Non-current assets increased 21.12% due to investments in capital works and non-current investments. Current assets decreased 9.73% as investments, inventories, and other assets fell while receivables and cash increased slightly. Overall the company is expanding through investments but needs to control financial costs to maintain profit growth.
The document provides financial statements and key performance indicators for a company over several quarters and fiscal years. It includes income statements, balance sheets, cash flow statements, and common financial ratios analyzed over time. Charts are presented to show trends in revenue, costs, profits, assets, liabilities, cash flows, return on assets, debt ratios and other metrics. Projections for income statements and balance sheets are also included out to several future years.
- Canadian Tire Corporation reported strong first quarter results for 2017, with consolidated revenue increasing 6.0% compared to the same period last year.
- Retail EBITDA grew 30.5% due to higher revenue and gross margin at Canadian Tire and Mark's. Diluted EPS increased 37.8% year-over-year.
- Same store sales were up 0.3% consolidated, with Canadian Tire up 0.5% and Mark's up 5.4%, while FGL Sports declined 2.7%.
- Financial Services delivered solid results with 5.8% growth in average credit card receivables and increased income before taxes.
- The document is the consolidated interim financial statements of Hyundai Card Co., Ltd. and its subsidiaries for the period ended June 30, 2017.
- It includes the consolidated statements of financial position, comprehensive income, changes in equity, and cash flows, as well as notes to the financial statements.
- The financial statements provide key financial information about Hyundai Card's assets, liabilities, equity, income, expenses and cash flows for the interim period.
The document provides an earnings release and financial overview for Hyundai Card for the first half of 2017, highlighting a 7.5% increase in operating revenue, a 37.6% increase in operating income, and continued asset quality and capital adequacy management within regulatory requirements. Key business strategies included expanding credit purchase oriented growth, reinforcing acquisitions, and increasing installment users through reward programs. Financial metrics such as market share, asset levels, funding, and liquidity are presented for recent periods.
This document provides financial ratios for State Bank of India for the years ending March 2008, March 2009, and March 2010. Some key ratios that declined over this period include the operating margin, which fell from 19.5% to 16.96% due to higher operating expenses, and the adjusted return on net worth, which declined sharply from 15.74% to -57.84% as profit growth did not keep pace with the increase in shareholders' funds. Liquidity and leverage ratios such as the current ratio and quick ratio improved slightly, while the total debt to equity ratio remained high, reflecting the bank's reliance on external borrowing.
Financial statement analysis involves calculating and interpreting ratios to evaluate a company's financial performance and health. Ratios are categorized into liquidity, asset management, debt management, and profitability ratios. Trend analysis and benchmarking against industry peers are also important. While ratio analysis has limitations, it can provide useful insights when used carefully alongside qualitative factors.
This document provides quarterly financial highlights and statistical data for Nationwide Financial Services for the fourth quarter of 2006:
- Total revenues were $1.127 billion for Q4 2006, up slightly from the previous year. Net income was $154.2 million.
- Sales across all channels increased to $5.043 billion in Q4 2006, up from $3.950 billion the previous year.
- By segment, the Individual Investments segment saw revenues of $376.2 million in Q4 2006, down slightly from the prior year, while pre-tax operating earnings declined to $41.5 million.
- The Corporate and Other segment had the largest increase in revenues, growing to $
This document discusses cash flow statements, creative accounting, and historical cost accounting. It analyzes the cash flow statement of British Assets Trust PLC using the indirect method. It finds the company's liquidity position is acceptable despite some negative working capital ratios. The document also defines creative accounting as manipulating figures within accounting principles and notes it can be used to manage earnings pressure. Finally, it compares historical cost accounting to current cost and real terms accounting methods that adjust for inflation.
The document provides financial statements and key performance indicators for a company over several quarters and fiscal years. It includes income statements, balance sheets, cash flow statements, and common financial ratios analyzed over time. Charts are presented to show trends in revenue, costs, profits, assets, liabilities, cash flows, return on assets, debt ratios and other metrics. Projections for income statements and balance sheets are also included out to several future years.
- Canadian Tire Corporation reported strong first quarter results for 2017, with consolidated revenue increasing 6.0% compared to the same period last year.
- Retail EBITDA grew 30.5% due to higher revenue and gross margin at Canadian Tire and Mark's. Diluted EPS increased 37.8% year-over-year.
- Same store sales were up 0.3% consolidated, with Canadian Tire up 0.5% and Mark's up 5.4%, while FGL Sports declined 2.7%.
- Financial Services delivered solid results with 5.8% growth in average credit card receivables and increased income before taxes.
- The document is the consolidated interim financial statements of Hyundai Card Co., Ltd. and its subsidiaries for the period ended June 30, 2017.
- It includes the consolidated statements of financial position, comprehensive income, changes in equity, and cash flows, as well as notes to the financial statements.
- The financial statements provide key financial information about Hyundai Card's assets, liabilities, equity, income, expenses and cash flows for the interim period.
The document provides an earnings release and financial overview for Hyundai Card for the first half of 2017, highlighting a 7.5% increase in operating revenue, a 37.6% increase in operating income, and continued asset quality and capital adequacy management within regulatory requirements. Key business strategies included expanding credit purchase oriented growth, reinforcing acquisitions, and increasing installment users through reward programs. Financial metrics such as market share, asset levels, funding, and liquidity are presented for recent periods.
This document provides financial ratios for State Bank of India for the years ending March 2008, March 2009, and March 2010. Some key ratios that declined over this period include the operating margin, which fell from 19.5% to 16.96% due to higher operating expenses, and the adjusted return on net worth, which declined sharply from 15.74% to -57.84% as profit growth did not keep pace with the increase in shareholders' funds. Liquidity and leverage ratios such as the current ratio and quick ratio improved slightly, while the total debt to equity ratio remained high, reflecting the bank's reliance on external borrowing.
Financial statement analysis involves calculating and interpreting ratios to evaluate a company's financial performance and health. Ratios are categorized into liquidity, asset management, debt management, and profitability ratios. Trend analysis and benchmarking against industry peers are also important. While ratio analysis has limitations, it can provide useful insights when used carefully alongside qualitative factors.
This document provides quarterly financial highlights and statistical data for Nationwide Financial Services for the fourth quarter of 2006:
- Total revenues were $1.127 billion for Q4 2006, up slightly from the previous year. Net income was $154.2 million.
- Sales across all channels increased to $5.043 billion in Q4 2006, up from $3.950 billion the previous year.
- By segment, the Individual Investments segment saw revenues of $376.2 million in Q4 2006, down slightly from the prior year, while pre-tax operating earnings declined to $41.5 million.
- The Corporate and Other segment had the largest increase in revenues, growing to $
This document discusses cash flow statements, creative accounting, and historical cost accounting. It analyzes the cash flow statement of British Assets Trust PLC using the indirect method. It finds the company's liquidity position is acceptable despite some negative working capital ratios. The document also defines creative accounting as manipulating figures within accounting principles and notes it can be used to manage earnings pressure. Finally, it compares historical cost accounting to current cost and real terms accounting methods that adjust for inflation.
- Hyundai Capital Services, Inc. and its subsidiaries released condensed consolidated interim financial statements for the period ending March 31, 2016 including statements of financial position, comprehensive income, changes in equity, and cash flows along with accompanying notes.
- An independent auditor reviewed the statements and issued an unqualified opinion finding the statements were prepared according to relevant accounting standards and gave a true and fair view of the financial position and performance of the company.
- The financial statements show the company had total assets of 24.7 trillion won as of March 31, 2016 and realized a profit of 90.4 billion won for the first quarter of 2016.
The document summarizes Principal Financial Group's third quarter 2017 earnings results. Some key points:
- Operating earnings were $374 million and operating EPS was $1.28. Excluding significant variances, EPS increased 16% year-over-year to $1.42.
- Assets under management reached a record $656 billion, with $5 billion in net cash flows during the quarter.
- 88% of investment options were in the top two Morningstar quartiles over five years.
- The company continued returning capital to shareholders through dividends and share repurchases.
This document summarizes the key points from Principal Financial Group's third quarter 2014 earnings call. It discusses Principal's continued strong financial performance, including record operating earnings of $354 million. It highlights the continued execution across Principal's business segments, including strong investment performance, net cash flows, and returns. The document also provides an overview of Principal's capital deployment activities and upcoming investor events.
The document analyzes and compares the financial ratios of Nestle and Unilever for 2010 and 2009. Some key highlights:
- Nestle had stronger liquidity ratios, with higher current, quick, and cash ratios compared to Unilever.
- Unilever saw decreases in total debt and long-term debt ratios from 2009 to 2010, while ratios were generally higher than Nestle.
- Inventory and receivables turnover ratios improved for both companies from 2009 to 2010, though Nestle ratios were weaker.
- Asset and profitability ratios like ROA, ROE, and profit margin were higher for Unilever in 2010 compared to 2009 and Nestle.
So in summary
- Discover Financial reported first quarter 2017 financial results, with diluted EPS of $1.43, up 6% year-over-year. Revenue grew 5% to $2.3 billion due to an 8% increase in net interest income, partially offset by higher rewards expense. Credit performance remained stable compared to historical levels.
RBC Capital Markets initiated coverage of Fortress Investment Group with an Outperform rating and $9 price target. Key points include:
- Fortress shares are attractively valued relative to traditional asset managers, and investors can gain exposure to incentive earnings potential at a low cost.
- Fortress has a strong credit investment franchise with a 22% net internal rate of return, and there is potential for increased incentive income realization.
- Hedge fund performance is strong, with 95% of assets above the high water mark, leaving potential for earnings surprises from incentive income.
- Restructuring Newcastle could accelerate incentive income by resetting high water marks and allowing income to be generated as performance hurdles
- Principal Financial Group reported strong third quarter 2013 earnings results, with operating earnings per share of $0.90.
- The company uses non-GAAP measures to evaluate performance in addition to GAAP measures, and provides reconciliations between the two.
- Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations.
- Key metrics showed strong investment performance across mutual funds and separate accounts, with over 80% in the top two quartiles over various periods.
This document provides financial and operational results for AT&T across several business segments. Key highlights include:
- Wireless operating revenues increased 6% to $49.3 billion in 2008, with segment income increasing 58% to $10.8 billion. The number of wireless customers grew 5% to over 77 million.
- Wireline operating revenues declined 2% to $69.9 billion while segment income declined 7% to $11.2 billion in 2008 compared to 2007.
- Advertising & Publishing operating revenues declined 6% to $5.5 billion in 2008, with segment income declining 20% to $1.7 billion.
- Canadian Tire Corporation reported strong second quarter results for 2017, with consolidated revenue increasing 1.8% compared to the same period last year and diluted EPS up 14.1%.
- The Retail segment saw a 3.0% increase in retail sales and a 6.1% rise in income before taxes. Same-store sales increased 1.4% at Canadian Tire and 4.0% at Mark's.
- CT REIT's income before taxes grew 23.1% due to property acquisitions in 2017 and 2016 and an increase in fair value gains.
- Financial Services reported a 12.3% increase in income before taxes driven by higher revenues and decreased expenses. Gross average credit
This document is the consolidated financial statements of Hyundai Card Co., Ltd. and Subsidiaries for the year ended December 31, 2017, including:
- Consolidated statements of financial position as of December 31, 2017 and 2016.
- Consolidated statements of comprehensive income for the years ended December 31, 2017 and 2016.
- Notes to the consolidated financial statements providing details on accounting policies and other explanatory information.
The independent auditor issued an unqualified opinion stating that the consolidated financial statements present fairly the financial position and performance of Hyundai Card Co., Ltd. and Subsidiaries.
WuXi Pharma Tech First Quarter 2013 Earnings PresentationCompany Spotlight
WuXi PharmaTech reported first quarter 2013 financial results that exceeded guidance. Total revenues grew 11.7% year-over-year to $131.9 million, driven by 15.5% growth in China-based laboratory services and 9.6% growth in manufacturing services. Non-GAAP diluted EPS grew 7.5% to $0.35. WuXi reconfirmed its full-year 2013 guidance for revenue growth of 13-15% and non-GAAP EPS growth of 6-9%. WuXi expects continued double-digit revenue growth across most business units in 2013 and remains focused on controlling costs and returning cash to shareholders.
- Hyundai Capital Services, Inc. and its subsidiaries prepared consolidated financial statements as of December 31, 2016 and 2015.
- An independent auditor issued an unqualified opinion stating that the consolidated financial statements present fairly the financial position, financial performance, and cash flows of Hyundai Capital Services, Inc. and subsidiaries for 2016 and 2015 in accordance with Korean International Financial Reporting Standards.
- The consolidated financial statements include the consolidated statements of financial position, comprehensive income, changes in equity, and cash flows for the years ended December 31, 2016 and 2015.
Startup4Chinese #14: Hate financial trouble? Guidelines for non-finance backg...Ke Zheng
Startup4Chinese: Inspire, empower and connect entrepreneur minds.
Find out more at http://Startup4Chinese.com.
And our meetup group: http://meetup.com/Startup-4-Chinese-GTA/.
The video of this presentation:
part 1- https://www.youtube.com/watch?v=AFLaARQ6ktk
part 2 - https://www.youtube.com/watch?v=o_SM4n89f6M
Companies a lot of times fail because they overlooked the basics of running a business. Startups, too, often fail to execute the basics and create pitfalls later on.
Accounting is your business doctor - it tracks how your business’s been doing lately, finds out root causes and plans a path for you to get well. No companies can grow and be viable in the long run without proper accounting management. It reveals everything from sales - such as customer adoption rate, operations - such as operating inefficiencies, to strategic issues - such as positioning and branding.
This presentation will touch important accounting basics and classic business failure cases studies. It’ll also give out useful tips for business owners.
很多时候公司的失败是由于未做到管理生意的基本面而造成的。未作这些基本点的初创公司在创业初期不会感觉到有什么问题,但是没多久就会造成事后的悲催。
财务是你生意上的医生 —— 它统计着你生意的近况,诊断出问题的根源并且设计出一条改善你“健康”的道路。现今没有任何公司可以不使用现代财务管理工具而可以长期健康的生长。财务工具能帮你扯去公司运营表面现象的面纱,暴露一切问题:从销售的客户获取率,运营的效率,到战略上的问题比如定位和品牌。
这次的交流内容会涉及财务基础(针对非财务专业),现实生活中经典的公司案例(北美地区公司案例),然后会给初创公司的创业者们有用的tips.
Speaker: Jason Lu
Experience:
10+ years experience in business development (North America and the Asia Pacific), project valuation & acquisition, product costing, corporate finance consulting. Currently working as a consultant to help turnaround medium-sized and small businesses.
经验:
10多年经验——北美和亚太地区业务拓展(曾拓展超出两亿美金的年销售额),项目估值和并购(超过2,000万美金价值的项目并购),财务成本,公司财务顾问。目前作为顾问帮助挽转GTA地区的中小公司。
Education:
MBA 14’ – Schulich School of Business, York University
Chartered Professional Accountant (CPA): 2016 – present
B.Eng. - Hefei University of Technology, China
教育背景:
MBA 14’ – Schulich School of Business, York University
Chartered Professional Accountant (CPA): 2016 – present
B.Eng. – Hefei University of Technology, China
2018 Hyundai Card Summary
- Grew membership to 7.4 million through diversifying acquisition channels such as online and partner channels.
- Expanded credit purchase volume to 85.5 trillion KRW based on member growth while preemptively managing risk.
- Improved cost structure by reducing acquisition costs and streamlining operations.
The document recommends buying shares of Busan City Gas (BCG) based on the following points:
1. BCG has a monopoly on natural gas distribution in Busan, Korea, generating predictable cash flows. However, its stock price fell due to a one-time earnings decline and now offers upside.
2. BCG's intrinsic value exceeds its stock price, which fails to account for undervalued real estate assets.
3. The majority owner of BCG may fully acquire the company, unlocking its true value for shareholders.
Hyundai Capital Services reported stable financial results in 2016. Total assets grew 3.4% to KRW 25.05 trillion driven by growth in the mortgage and corporate portfolios. Net income increased 8.7% to KRW 300.7 billion with a return on assets of 1.4%. Overseas subsidiaries contributed significantly to earnings growth. Asset quality was maintained with the delinquency ratio at 2.1% and reserves covering 158.2% of delinquent assets. Capital adequacy and liquidity remained strong with a capital adequacy ratio of 15.3% and short-term debt coverage of 70.2%. Going forward, Hyundai Capital Services aims to further expand its global presence and
Financial ratio analysis of becacon pharmaEnamul Islam
This presentation analyzes the financial ratios of Beacon Pharmaceuticals Limited over two years. Beacon Pharmaceuticals is a leading pharmaceutical company in Bangladesh that produces high-tech products. The objectives are to analyze financial ratios, assess performance and financial condition, and compare the last two years. Various liquidity, profitability, asset management, and debt ratios are calculated for 2013 and 2014, such as current ratio, net profit margin, inventory turnover, and debt to assets. The comparisons show that 2014 ratios are generally better than 2013 ratios, indicating improved financial performance and condition. However, Beacon still struggles with liquidity and debt management and needs to further improve ratios like return on equity to maintain strong financial standing.
This document analyzes and compares the financial performance of Coca-Cola and PepsiCo over three years from 2011-2013. It includes common-size income statements and balance sheets, comparative income statements and balance sheets, calculated financial ratios, and bond price analysis for both companies. The analysis shows that while both companies experienced revenue growth over the period, Coca-Cola had higher net income and stronger liquidity and return on asset ratios compared to PepsiCo.
GMED is a medical device company focused on spinal implants. Some key points:
- Stock currently trading at $21.30 per share with a hold recommendation and $23.88 price target (12.12% upside).
- Generates over $500M in annual revenue primarily from spinal implant sales in the US. Has two business segments: innovative fusions and disruptive technology.
- Seeks to increase margins by manufacturing more products in-house and entering new growth markets. Has a robust product pipeline.
- Trades at higher gross and operating margins than competitors like ZBH, JNJ, MDT, and SYK. Maintains a net cash balance sheet.
- Management
- The document is the consolidated interim financial statements of Hyundai Card Co., Ltd. and its subsidiaries for the periods ended June 30, 2018 and 2017.
- It includes the consolidated interim statements of financial position, comprehensive income, changes in equity, and cash flows, as well as notes to the financial statements.
- The financial statements provide key financial information about Hyundai Card Co.'s assets, liabilities, equity, revenues, expenses, and cash flows for the interim periods presented.
- The document is the consolidated interim financial statements of Hyundai Card Co., Ltd. and its subsidiaries for the periods ended March 31, 2018 and 2017.
- It includes the consolidated interim statements of financial position, comprehensive income, changes in equity, and cash flows, as well as notes to the financial statements.
- For the three-month period ended March 31, 2018, the company reported an operating profit of 30.3 billion won and a profit for the period of 26.1 billion won.
This document contains the consolidated interim financial statements of Hyundai Card Co., Ltd. and its subsidiaries for the periods ended March 31, 2019 and 2018. It includes the consolidated statements of financial position, comprehensive income, changes in equity, and cash flows. The notes to the financial statements are also provided on pages 8 through 57. An independent auditor has reviewed the interim financial statements and issued an unqualified opinion.
- Hyundai Capital Services, Inc. and its subsidiaries released condensed consolidated interim financial statements for the period ending March 31, 2016 including statements of financial position, comprehensive income, changes in equity, and cash flows along with accompanying notes.
- An independent auditor reviewed the statements and issued an unqualified opinion finding the statements were prepared according to relevant accounting standards and gave a true and fair view of the financial position and performance of the company.
- The financial statements show the company had total assets of 24.7 trillion won as of March 31, 2016 and realized a profit of 90.4 billion won for the first quarter of 2016.
The document summarizes Principal Financial Group's third quarter 2017 earnings results. Some key points:
- Operating earnings were $374 million and operating EPS was $1.28. Excluding significant variances, EPS increased 16% year-over-year to $1.42.
- Assets under management reached a record $656 billion, with $5 billion in net cash flows during the quarter.
- 88% of investment options were in the top two Morningstar quartiles over five years.
- The company continued returning capital to shareholders through dividends and share repurchases.
This document summarizes the key points from Principal Financial Group's third quarter 2014 earnings call. It discusses Principal's continued strong financial performance, including record operating earnings of $354 million. It highlights the continued execution across Principal's business segments, including strong investment performance, net cash flows, and returns. The document also provides an overview of Principal's capital deployment activities and upcoming investor events.
The document analyzes and compares the financial ratios of Nestle and Unilever for 2010 and 2009. Some key highlights:
- Nestle had stronger liquidity ratios, with higher current, quick, and cash ratios compared to Unilever.
- Unilever saw decreases in total debt and long-term debt ratios from 2009 to 2010, while ratios were generally higher than Nestle.
- Inventory and receivables turnover ratios improved for both companies from 2009 to 2010, though Nestle ratios were weaker.
- Asset and profitability ratios like ROA, ROE, and profit margin were higher for Unilever in 2010 compared to 2009 and Nestle.
So in summary
- Discover Financial reported first quarter 2017 financial results, with diluted EPS of $1.43, up 6% year-over-year. Revenue grew 5% to $2.3 billion due to an 8% increase in net interest income, partially offset by higher rewards expense. Credit performance remained stable compared to historical levels.
RBC Capital Markets initiated coverage of Fortress Investment Group with an Outperform rating and $9 price target. Key points include:
- Fortress shares are attractively valued relative to traditional asset managers, and investors can gain exposure to incentive earnings potential at a low cost.
- Fortress has a strong credit investment franchise with a 22% net internal rate of return, and there is potential for increased incentive income realization.
- Hedge fund performance is strong, with 95% of assets above the high water mark, leaving potential for earnings surprises from incentive income.
- Restructuring Newcastle could accelerate incentive income by resetting high water marks and allowing income to be generated as performance hurdles
- Principal Financial Group reported strong third quarter 2013 earnings results, with operating earnings per share of $0.90.
- The company uses non-GAAP measures to evaluate performance in addition to GAAP measures, and provides reconciliations between the two.
- Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations.
- Key metrics showed strong investment performance across mutual funds and separate accounts, with over 80% in the top two quartiles over various periods.
This document provides financial and operational results for AT&T across several business segments. Key highlights include:
- Wireless operating revenues increased 6% to $49.3 billion in 2008, with segment income increasing 58% to $10.8 billion. The number of wireless customers grew 5% to over 77 million.
- Wireline operating revenues declined 2% to $69.9 billion while segment income declined 7% to $11.2 billion in 2008 compared to 2007.
- Advertising & Publishing operating revenues declined 6% to $5.5 billion in 2008, with segment income declining 20% to $1.7 billion.
- Canadian Tire Corporation reported strong second quarter results for 2017, with consolidated revenue increasing 1.8% compared to the same period last year and diluted EPS up 14.1%.
- The Retail segment saw a 3.0% increase in retail sales and a 6.1% rise in income before taxes. Same-store sales increased 1.4% at Canadian Tire and 4.0% at Mark's.
- CT REIT's income before taxes grew 23.1% due to property acquisitions in 2017 and 2016 and an increase in fair value gains.
- Financial Services reported a 12.3% increase in income before taxes driven by higher revenues and decreased expenses. Gross average credit
This document is the consolidated financial statements of Hyundai Card Co., Ltd. and Subsidiaries for the year ended December 31, 2017, including:
- Consolidated statements of financial position as of December 31, 2017 and 2016.
- Consolidated statements of comprehensive income for the years ended December 31, 2017 and 2016.
- Notes to the consolidated financial statements providing details on accounting policies and other explanatory information.
The independent auditor issued an unqualified opinion stating that the consolidated financial statements present fairly the financial position and performance of Hyundai Card Co., Ltd. and Subsidiaries.
WuXi Pharma Tech First Quarter 2013 Earnings PresentationCompany Spotlight
WuXi PharmaTech reported first quarter 2013 financial results that exceeded guidance. Total revenues grew 11.7% year-over-year to $131.9 million, driven by 15.5% growth in China-based laboratory services and 9.6% growth in manufacturing services. Non-GAAP diluted EPS grew 7.5% to $0.35. WuXi reconfirmed its full-year 2013 guidance for revenue growth of 13-15% and non-GAAP EPS growth of 6-9%. WuXi expects continued double-digit revenue growth across most business units in 2013 and remains focused on controlling costs and returning cash to shareholders.
- Hyundai Capital Services, Inc. and its subsidiaries prepared consolidated financial statements as of December 31, 2016 and 2015.
- An independent auditor issued an unqualified opinion stating that the consolidated financial statements present fairly the financial position, financial performance, and cash flows of Hyundai Capital Services, Inc. and subsidiaries for 2016 and 2015 in accordance with Korean International Financial Reporting Standards.
- The consolidated financial statements include the consolidated statements of financial position, comprehensive income, changes in equity, and cash flows for the years ended December 31, 2016 and 2015.
Startup4Chinese #14: Hate financial trouble? Guidelines for non-finance backg...Ke Zheng
Startup4Chinese: Inspire, empower and connect entrepreneur minds.
Find out more at http://Startup4Chinese.com.
And our meetup group: http://meetup.com/Startup-4-Chinese-GTA/.
The video of this presentation:
part 1- https://www.youtube.com/watch?v=AFLaARQ6ktk
part 2 - https://www.youtube.com/watch?v=o_SM4n89f6M
Companies a lot of times fail because they overlooked the basics of running a business. Startups, too, often fail to execute the basics and create pitfalls later on.
Accounting is your business doctor - it tracks how your business’s been doing lately, finds out root causes and plans a path for you to get well. No companies can grow and be viable in the long run without proper accounting management. It reveals everything from sales - such as customer adoption rate, operations - such as operating inefficiencies, to strategic issues - such as positioning and branding.
This presentation will touch important accounting basics and classic business failure cases studies. It’ll also give out useful tips for business owners.
很多时候公司的失败是由于未做到管理生意的基本面而造成的。未作这些基本点的初创公司在创业初期不会感觉到有什么问题,但是没多久就会造成事后的悲催。
财务是你生意上的医生 —— 它统计着你生意的近况,诊断出问题的根源并且设计出一条改善你“健康”的道路。现今没有任何公司可以不使用现代财务管理工具而可以长期健康的生长。财务工具能帮你扯去公司运营表面现象的面纱,暴露一切问题:从销售的客户获取率,运营的效率,到战略上的问题比如定位和品牌。
这次的交流内容会涉及财务基础(针对非财务专业),现实生活中经典的公司案例(北美地区公司案例),然后会给初创公司的创业者们有用的tips.
Speaker: Jason Lu
Experience:
10+ years experience in business development (North America and the Asia Pacific), project valuation & acquisition, product costing, corporate finance consulting. Currently working as a consultant to help turnaround medium-sized and small businesses.
经验:
10多年经验——北美和亚太地区业务拓展(曾拓展超出两亿美金的年销售额),项目估值和并购(超过2,000万美金价值的项目并购),财务成本,公司财务顾问。目前作为顾问帮助挽转GTA地区的中小公司。
Education:
MBA 14’ – Schulich School of Business, York University
Chartered Professional Accountant (CPA): 2016 – present
B.Eng. - Hefei University of Technology, China
教育背景:
MBA 14’ – Schulich School of Business, York University
Chartered Professional Accountant (CPA): 2016 – present
B.Eng. – Hefei University of Technology, China
2018 Hyundai Card Summary
- Grew membership to 7.4 million through diversifying acquisition channels such as online and partner channels.
- Expanded credit purchase volume to 85.5 trillion KRW based on member growth while preemptively managing risk.
- Improved cost structure by reducing acquisition costs and streamlining operations.
The document recommends buying shares of Busan City Gas (BCG) based on the following points:
1. BCG has a monopoly on natural gas distribution in Busan, Korea, generating predictable cash flows. However, its stock price fell due to a one-time earnings decline and now offers upside.
2. BCG's intrinsic value exceeds its stock price, which fails to account for undervalued real estate assets.
3. The majority owner of BCG may fully acquire the company, unlocking its true value for shareholders.
Hyundai Capital Services reported stable financial results in 2016. Total assets grew 3.4% to KRW 25.05 trillion driven by growth in the mortgage and corporate portfolios. Net income increased 8.7% to KRW 300.7 billion with a return on assets of 1.4%. Overseas subsidiaries contributed significantly to earnings growth. Asset quality was maintained with the delinquency ratio at 2.1% and reserves covering 158.2% of delinquent assets. Capital adequacy and liquidity remained strong with a capital adequacy ratio of 15.3% and short-term debt coverage of 70.2%. Going forward, Hyundai Capital Services aims to further expand its global presence and
Financial ratio analysis of becacon pharmaEnamul Islam
This presentation analyzes the financial ratios of Beacon Pharmaceuticals Limited over two years. Beacon Pharmaceuticals is a leading pharmaceutical company in Bangladesh that produces high-tech products. The objectives are to analyze financial ratios, assess performance and financial condition, and compare the last two years. Various liquidity, profitability, asset management, and debt ratios are calculated for 2013 and 2014, such as current ratio, net profit margin, inventory turnover, and debt to assets. The comparisons show that 2014 ratios are generally better than 2013 ratios, indicating improved financial performance and condition. However, Beacon still struggles with liquidity and debt management and needs to further improve ratios like return on equity to maintain strong financial standing.
This document analyzes and compares the financial performance of Coca-Cola and PepsiCo over three years from 2011-2013. It includes common-size income statements and balance sheets, comparative income statements and balance sheets, calculated financial ratios, and bond price analysis for both companies. The analysis shows that while both companies experienced revenue growth over the period, Coca-Cola had higher net income and stronger liquidity and return on asset ratios compared to PepsiCo.
GMED is a medical device company focused on spinal implants. Some key points:
- Stock currently trading at $21.30 per share with a hold recommendation and $23.88 price target (12.12% upside).
- Generates over $500M in annual revenue primarily from spinal implant sales in the US. Has two business segments: innovative fusions and disruptive technology.
- Seeks to increase margins by manufacturing more products in-house and entering new growth markets. Has a robust product pipeline.
- Trades at higher gross and operating margins than competitors like ZBH, JNJ, MDT, and SYK. Maintains a net cash balance sheet.
- Management
- The document is the consolidated interim financial statements of Hyundai Card Co., Ltd. and its subsidiaries for the periods ended June 30, 2018 and 2017.
- It includes the consolidated interim statements of financial position, comprehensive income, changes in equity, and cash flows, as well as notes to the financial statements.
- The financial statements provide key financial information about Hyundai Card Co.'s assets, liabilities, equity, revenues, expenses, and cash flows for the interim periods presented.
- The document is the consolidated interim financial statements of Hyundai Card Co., Ltd. and its subsidiaries for the periods ended March 31, 2018 and 2017.
- It includes the consolidated interim statements of financial position, comprehensive income, changes in equity, and cash flows, as well as notes to the financial statements.
- For the three-month period ended March 31, 2018, the company reported an operating profit of 30.3 billion won and a profit for the period of 26.1 billion won.
This document contains the consolidated interim financial statements of Hyundai Card Co., Ltd. and its subsidiaries for the periods ended March 31, 2019 and 2018. It includes the consolidated statements of financial position, comprehensive income, changes in equity, and cash flows. The notes to the financial statements are also provided on pages 8 through 57. An independent auditor has reviewed the interim financial statements and issued an unqualified opinion.
- The document is the consolidated interim financial statements of Hyundai Card Co., Ltd. and its subsidiaries for the period ending March 31, 2017.
- It includes the consolidated interim statements of financial position, comprehensive income, changes in equity, and cash flows, as well as notes to the financial statements.
- The financial statements provide key financial information about Hyundai Card Co.'s assets, liabilities, equity, revenue, expenses, and cash flows for the interim period.
Zichun Gao Professor Karen Accounting 1AIBM FInancial Stat.docxransayo
Zichun Gao Professor Karen Accounting 1A
IBM FInancial Statement Analysis
Financial Ratios 2019 2018 Formula
Current Ratio 1.02 1.29 CA/CL
Profit Margin 12.22% 12.35% Net Income/Total Revenue
Receiveables Turnover 9.80 10.71 Revenue/Average AR
Average Collection Period 36.72 33.62 365/Receiveables Turnover
Inventory Turnover 25.11 25.36 COST/Average Inventory
Days in Inventory 14.53 14.39 365/Inventory Turnover
Debts to Asset Ratio 0.86 0.86 Total Debts/Total Assets
IBM's days in inventory is around two weeks and this means that goods in the inventory
as efficnetly distributed and that there is a consitantly good inventory control for the
company.
The company's debts to assets ratio is the same for two years and this means that the
company has less debt than asset. However, it is still a relatively poor ratio because this
might show that there are potential problems for the company to generate sufficient
revenue.
The current ratio of the company has decreased over the year, and this means that the
company has less liquid assets to cover its short term liabilities. Since the ratio is
currently approaching 1, the company might be having liquidation problem.
The profit margin for IBM is very stable and it has been about 12% for two years. The
company is performing the profit-generating ability at an average level and it is having
an average profit margin in the industry.
The receiveables turnover is good for the company while between these two years, there
is a decline. As the company is collecting its accounts receiveables around 10 times per
year, the collection is frequent.
The company has been collecting money from customers on credit sales approximately
once every month, and the company usually has fast credit collection, which means that
the risk for credit sales is relatively low.
Inventory turnover measures how many times a company sells and replaces inventory
during a year and for IBM, the number of times is stable and it is constantly around 25.
This means that the company has an efficient control of its goods in the inventory.
Free Cash Flow 11.90 11.90 CF_Operation-Capital Expenditures
Return on Assets 0.06 0.08 Net Income/Total Assets
Asset Turnover 0.51 0.65 Revenue/Assets
Figures From Financial Statement
From Income Statement pg.68
Net Income 9431 9828
Total Revenue 77147 79591
Cost 40657 42655
From Consolidated Balance Sheet pg.70
Current Assets 38420 49146
Current Liabilities 37701 38227
Accounts Receiveables 7870 7432
Inventory 1619 1682
Total Assets 152186 123382
Total Liabilities 131202 106452
From Cash Flow Overview pg.59
Net Cash From Op 14.3 15.6
Capital expenditures 2.4 3.7
The company currently has 11.9 billion dollars free cash flow for two years and this is a
relatively high level of free cash flow. With the high free cash flow, the company can
have more oportunity to expand, invest in new projects, pay dividends, or invest the
money into Resea.
CONSOLIDATED FINANCIAL STATEMENTS OF
SAMSUNG ELECTRONICS CO., LTD. AND ITS SUBSIDIARIES
INDEX TO FINANCIAL STATEMENTS
Page
Independent Auditor’s Report................................................................................................. 1 - 2
Consolidated Financial Statements
Consolidated Statements of Financial Position........................................................................... 3 - 5
Consolidated Statements of Profit or Loss.................................................................................. 6
Consolidated Statements of Comprehensive Income.................................................................. 7
Consolidated Statements of Changes in Equity.......................................................................... 8 - 11
Consolidated Statements of Cash Flows.................................................................................... 12 - 13
Notes to the Consolidated Financial Statements …................................................................... 14 - 101
1
Independent Auditor’s Report
(English Translation of a Report Originally Issued in Korean)
To the Board of Directors and Shareholders of
Samsung Electronics Co., Ltd.
We have audited the accompanying consolidated financial statements of Samsung Electronics Co., Ltd.
and its subsidiaries (collectively referred to as the "Company"), which comprise the consolidated
statements of financial position as at December 31, 2017 and 2016, and the consolidated statements of
comprehensive income and profit or loss, consolidated statements of changes in equity and consolidated
statements of cash flows for the years then ended, and notes to the consolidated financial statements,
including a summary of significant accounting policies and other explanatory information, expressed in
Korean Won.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of the consolidated financial
statements in accordance with International Financial Reporting Standards as adopted by the Republic
of Korea (“Korean IFRS”), and for such internal control as management determines is necessary to
enable the preparation of financial statements that are free from material misstatement, whether due to
fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on the consolidated financial statements based on our audits.
We conducted our audits in accordance with Korean Standards on Auditing. Those standards require
that we comply with ethical requirements, and plan and perform the audit to obtain reasonable assurance
about whether the consolidated financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the consolidated financial statements. The procedures selected depend on the auditor's judgment,
including the assessment of the ris.
The document analyzes the financial ratios of Millat Tractor from 2015-2014. It calculates various liquidity, solvency, activity, and profitability ratios. The current ratio decreased slightly from 2.28 to 2.21, while the quick ratio improved from 1.21 to 1.32. The debt-to-equity ratio increased from 0.53 to 0.61, while the debt ratio rose from 34.50% to 37.52%, indicating slightly higher risk. Inventory and receivables turnover ratios increased, showing better management of assets. Finally, the gross profit ratio improved from 17.82% to 19.43%, a positive sign of decreasing costs.
Evaluation Of Companys Performance Powerpoint Presentation SlidesSlideTeam
This complete deck can be used to present to your team. It has PPT slides on various topics highlighting all the core areas of your business needs. This complete deck focuses on Evaluation Of Companys Performance Powerpoint Presentation Slides and has professionally designed templates with suitable visuals and appropriate content. This deck consists of total of seventy two slides. All the slides are completely customizable for your convenience. You can change the colour, text and font size of these templates. You can add or delete the content if needed. Get access to this professionally designed complete presentation by clicking the download button below. https://bit.ly/3vwxPMW
Historical financial information (2018 07-29) to rrdintegerir
This document provides historical financial information for an organization for 2017 by quarter and total year, and the first quarter of 2018. It includes GAAP and non-GAAP statements of continuing operations, trends in sales, income, and EBITDA from continuing operations. Adjustments are provided to reconcile GAAP to non-GAAP measures. Assumptions are also noted regarding tax rates, discontinued operations reporting, and long-term supply agreements.
- The document provides preliminary financial results for FY 2015, including a 16% increase in adjusted operating profit to £225 million and a 19% rise in adjusted earnings per share to 120.5p.
- The banking division saw a 15% increase in adjusted operating profit to £208.7 million, with an 8.5% rise in its loan book. Securities delivered a resilient performance with adjusted operating profit of £24.6 million.
- Asset management continued its good progress with adjusted operating profit up 80% to £17.8 million, driven by higher investment management income.
This document contains the financial statements of Hyundai Commercial, Inc. for the year ended December 31, 2017, including the statements of financial position, comprehensive income, changes in equity, and cash flows, as well as notes to the financial statements. The independent auditor issued an unqualified opinion and stated that the financial statements present fairly the financial position and performance of Hyundai Commercial.
This document is the condensed consolidated interim financial statements of Hyundai Capital Services, Inc. and its subsidiaries for the period ending March 31, 2021. It includes the condensed consolidated statement of financial position, condensed consolidated statements of comprehensive income, changes in equity, and cash flows, as well as notes to the financial statements. The independent auditors' review report verifies that the financial statements were prepared according to accounting standards and that the review did not find any material misstatements.
- Hyundai Commercial, Inc. and Subsidiaries provided condensed consolidated interim financial statements for the period ended March 31, 2015, which were reviewed by KPMG Samjong Accounting Corp.
- The statements include the condensed consolidated statements of financial position, comprehensive income, changes in equity, and cash flows for the periods ended March 31, 2015 and 2014.
- Key figures from the statements include total assets of W4,996,974,989,183, total liabilities of W4,503,237,875,929, and total equity of W493,737,113,254 as of March 31, 2015.
This document contains condensed consolidated interim financial statements for Hyundai Commercial, Inc. and Subsidiaries for the period ended June 30, 2015. It includes the condensed consolidated statements of financial position, comprehensive income, changes in equity, and cash flows. It also includes notes to the condensed consolidated interim financial statements. The independent auditors' review report concludes that the financial statements were prepared in accordance with relevant standards and that nothing came to the auditors' attention to cause them to believe the financial statements are not fairly presented.
A process that allows multiple private and public organizations to lower their debt and improve their financial deficit by the means of asset transfer, equity exchange or increased payment time is known as debt restructuring. The following presentation provides an overview of the entire process of debt restructuring and how an organization can use it as tool to lower the debt. Initially this presentation provides an overview of the organization, its services and financial performance. These financial parameters can be revenues, gross profit, net profit and earning per share. Once the overview is provided the following the organization then needs to perform an in depth analysis of its current financial performance Multiple key aspect of the performance are covered such as the Income Statement, balance sheet, cash flow statement and other key ratios are captured. These ratios can be Price to Earning Ratio, Stock Turnover Ratio, Account Receivable Ratio, Creditor Turnover Ratio, Return on Equity and Account Payable Ratio. Once the financial performance is analyzed multiple options that can help the organization to recover from their debts are considered. These methods can be Merger and Acquisition, Debt Restructuring, Financial Restructuring and Bankruptcy. After Identifying multiple methods, a comparative analysis of these options is performed. After careful analysis debt restructuring is chosen to be the best option for the organization. After choosing debt restructuring as an option the organization initially studies the entire process of the same. The organization first goes through stabilization phase in which various pain points of the organization are identified and existing debt are reviewed. After that in preparation stage multiple regulatory requirements are identified and communication method for shareholder are considered. In the final stage Implementation, the actual process of debt restructuring begins as three major ways of debt restructuring transfer of Asset, Exchange of equity and Increase in payment time are studied. In the end multiple risk associated to debt restructuring are evaluated and mitigation strategies for the same are considered. The impact of debt restructuring is also evaluated and multiple KPIs Key performance indicators are decided to study the overall effect of debt restructuring. https://bit.ly/2NBhd1T
- Discover Financial reported full year 2017 net income of $2.1 billion and diluted EPS of $5.42, with a return on equity of 19%. Excluding non-recurring charges related to tax reform, diluted EPS was $5.98.
- For 4Q17, net income was $387 million and diluted EPS was $0.99. Revenue grew 11% year-over-year to $2.6 billion due to higher net interest income. Credit performance continued to normalize with a total net charge-off rate of 2.85%.
- Total loans grew 9% year-over-year to $84.2 billion as all lending products saw strong origination volumes. The company returned
This document provides an analysis of the financial statements of Deepak Nitrite Limited for the years ended March 31, 2020 and March 31, 2019.
Some key highlights include:
- Cash flow from operating activities increased significantly from Rs. 60.27 crores in 2018-19 to Rs. 764.68 crores in 2019-20, indicating strong core business performance.
- Cash flow from investing activities was an outflow of Rs. 427.94 crores in 2019-20 due to purchases of investments, property, plant and equipment to support business growth.
- Cash flow from financing activities was an outflow of Rs. 337.56 crores as the company paid down debts and dividends
- The company reported strong interim results for H1 2015, with adjusted operating profit up 16% and adjusted earnings per share up 19%.
- Banking continued to perform well, with adjusted operating profit up 19% driven by loan book growth and lower bad debts.
- Securities adjusted operating profit was down 23% due to difficult market conditions and lower trading volumes.
- Asset Management saw steady progress with adjusted operating profit up 59% and assets under management growing 5%.
The document is a project report on the ratio analysis of TVS Motor Company. It includes an introduction to the company, objectives of the study, scope of the study, and types of ratios analyzed such as liquidity ratios, profitability ratios, and others. Key highlights from the ratio analysis of TVS Motor Company for the years 2015-2016 and 2016-2017 include the company's current and quick ratios being below ideal levels, indicating an inability to pay short-term debts, gross profit ratio showing a decreasing trend, and net profit ratio showing an increasing trend.
Third Quarter 2017 earnings presentation. Key points:
- Q3 net income improved 71% and year-to-date net income improved 42% over the prior year.
- Q3 adjusted EBITDA improved 49% and year-to-date adjusted EBITDA improved 6%.
- Gross margin rate increased 150 basis points to 38.1% in Q3. Purchase frequency increased 9% and digital sales grew 4%.
Consumer credit is debt incurred to purchase goods and services for personal use. There are two main types: revolving credit like credit cards which can be used repeatedly up to a limit, and installment credit like loans which are paid back in fixed amounts over time. Consumer credit allows consumers to finance purchases even when funds are low and helps raise living standards, but it can also lead to overspending and long-term financial problems if not managed carefully. The consumer credit industry in India is growing as incomes rise, but more education is still needed about options and responsible use.
Raj electrical manufactures and maintains transformers. They have been in industry for 2 years and can produce 200-300 units per month. For a order of 1000 units of 63KVA transformers, it will take a minimum of 3 months to manufacture and uninterrupted funding is required. The total cost of manufacturing 1000 units is Rs. 8,61,53,000 which breaks down to Rs. 86,153 per unit. This includes costs for materials, labor, overhead expenses like electricity, and a 20% profit margin.
This document outlines the process costing for a small textile industry. It describes the major processes of spinning, weaving, dyeing and printing, and finishing. For each process, normal and abnormal losses are calculated. The costs are then allocated to each process and overhead and normal losses are accounted for. Finally, the total production costs are calculated and compared to sales to determine net profit. Process costing allows tracking costs at each stage of production for a homogeneous product like textiles.
The document draws parallels between concepts from the ancient Indian text Arthashastra and modern business administration. It compares the state to a corporation, with the king as CEO and subjects as shareholders. It also links concepts like Raksha, Vriddhi and Palana from Arthashastra to risk management, growth and development, and rules and regulation in corporations, and links Yogakshema to corporate social responsibility.
The document discusses key aspects of company law in India. It provides an introduction to companies and their legal status. It then outlines the development of company law in India, distinguishing between the pre-independence and post-independence eras when laws were based on and influenced by British statutes. Objectives of the Companies Act 2013 are described as facilitating business growth while protecting stakeholders. Finally, punishments for improperly using "Limited" or "Private Limited" in a company name are compared between the Companies Act 2013 and the previous Companies Act 1956.
This document discusses the history and development of answering machines. It begins by describing the early invention of answering machines in the 1990s and their initial limited commercial use. It then outlines the key stages in the development of answering machines, from early magnetic tape models to modern devices using memory cards and advanced features like call forwarding. The document also examines the cultural impact of answering machines, how they influenced perceptions around phone calls, and how companies later used them. Finally, it gives an example of how hair wax was initially a male product but was later rebranded and marketed towards women through celebrity endorsements and free samples.
One Plus is a smartphone company founded by Pete Lau that produces several phone models including the OnePlus 3T, 5, 5T, 6, and 6T. It also offers accessory products like cases, cables, audio equipment, and protection plans. The company's marketing involves packaging, labeling, and the 4 P's of marketing - product, price, place, and promotion.
This document contains an analysis of financial statements for Maruti Suzuki India Limited for the years 2017 and 2018. It includes interpretations of comparative income statements, balance sheets, common size analyses, and ratio analyses. Some key points summarized:
- Revenue increased 6% in 2018 but other income fell, so total income did not rise as much. Interest costs increased significantly.
- Profits grew but the company needs to manage financial costs better. Assets and liabilities increased approximately 15-16% reflecting company growth.
- Common size analyses show minimal changes to equity and earnings per share relative to revenue. Expenses increased more than revenue growth.
- Ratio analyses indicate liquidity could improve but profitability and
This document presents a conceptual model showing how social media can be integrated into HR functions. The model depicts a two-way flow of information between social media and organizations. Information from social media can provide feedback to organizations, while organizations can disseminate information through social media. Specifically, the model shows how social media can support recruitment/staffing, training/development, feedback collection, and announcing corporate changes. However, not all HR functions are fully adaptable to social media. The model aims to optimize HR functions and minimize costs/time through partial social media integration.
This document discusses the impact of social media on human resource management functions. It conducted a literature review of research from the past 10 years on how social media has influenced recruitment and staffing, training and development, obtaining employee feedback, and announcing corporate changes. The conceptual framework shows how social media can be used as a hiring and psychometric tool for recruitment, and a platform to connect employees for training. It concludes that while social media is currently limited to a few HRM functions, it has the potential to play a wider and more cost-efficient role globally within HR departments in the future.
Currency fluctuations have an impact on Nigeria's balance of payments (BOP) because a weaker currency makes imports cheaper for other countries, improving the BOP. Nigeria has tried various exchange rate policies since 1958 but has struggled to achieve a favorable BOP position. While reforms by the Central Bank of Nigeria (CBN) have reduced the impact of currency fluctuations, more consistent actions are needed given Nigeria's volatile economy and all components of the BOP need consideration for policy decisions.
Udaan is an Indian B2B e-commerce platform that connects manufacturers and retailers. In just over 2 years of operations, it has onboarded over 180,000 sellers and buyers. The majority (80%) are buyers comprising small retailers, while 20% are manufacturers selling inventory. Manufacturers are located in 130 cities and deliver products to buyers across 1,000 cities. Udaan funds working capital for buyers and charges 15-18% interest on loans. It has built a loan book of Rs. 170-200 crore and aims to increase this to Rs. 750 crore by the end of the fiscal year. HR at Udaan focuses on talent acquisition, people operations, HR analytics, business growth
Contracts provide structure and protections for business relationships. They define responsibilities of each party, bind parties to their duties, and can establish timeframes and payment terms. Contracts also provide recourse if the relationship fails. This document discusses the definition of a contract and examples of different types of contracts including legal contracts, social contracts, and contracts establishing rights over things or specific persons. It also examines key contract law concepts like consensus ad idem and considers a real-life case study analyzing different acts and sections of law related to contracts.
The document discusses production management at a coal-fired power plant. It describes the process of coal arriving by wagon to the crusher house where it is crushed and further ground before being sent to the coal mill and then to the combustion chamber in the boiler. It also outlines the divisions of the plant including operations, water treatment, and coal storage. Additionally, it traces the evolution of India's power sector from establishment of organizations in the 1950s to current private sector involvement and the country's rising electricity production.
This document summarizes the analysis of three investment cases for a project:
1) Case 1 involves additional investment of ₹379 crore in year 6 for expansion, providing additional cash flows until year 12, with an NPV of ₹1,822.53 crore.
2) Case 2 does not involve expansion, with an NPV of ₹1,293.99 crore.
3) Case 3 does not take up the project, with an NPV of 0.
The conclusion is that the company should select Case 1 as it has the highest positive NPV compared to the other cases.
The document discusses the capital structure and assumptions for a toll road project. It notes the loan amounts and share capital from the company and government. It also discusses using life cycle costing to match expenses and revenues in the introductory phase to avoid losses and ensure profitability. If successful, it will move to the next phase of contract costing on a yearly basis divided into foundation/pillars, slabs/road, and decoration. Job costing is also discussed on a monthly basis for each contract costing phase. Activity-based costing is mentioned to derive costs based on cost drivers and compare to initial target costs from toll revenue forecasts.
The document discusses Goods and Services Tax (GST) in India, including what GST is, how it works, the different types of GST imposed, tax slabs under GST, differences between the previous UPA government's GST and the current NDA government's GST, taxes being subsumed under GST, benefits of GST, challenges for businesses under GST, and short-term and long-term impacts of GST. It provides information on these topics in a question-answer format.
Social media marketing involves using social media platforms like Facebook, Instagram, and Twitter to promote products and services. It differs from traditional digital marketing by focusing on customer engagement and interaction. Over 50 million small businesses use Facebook Pages for social media marketing, with 4 million paying for Facebook ads. Brands on Instagram see much higher engagement rates than on Facebook or Twitter, with top brands averaging a 4.21% engagement rate per follower on Instagram.
Consumer credit allows individuals to purchase goods and services now and pay for them later. There are two main types of consumer credit: closed-end credit such as installment loans which must be paid back in full by a certain date, and open-end credit such as credit cards which can be repeatedly used up to a pre-set limit. When obtaining consumer credit, lenders evaluate applicants' creditworthiness by reviewing personal details, income, existing debts and intended purchases before deciding to approve or deny the application. If approved, the contract will specify the loan amount, interest rate, fees, repayment schedule and other terms. Consumer credit can help raise living standards by enabling purchases when cash is low, but it also carries risks like oversp
Accenture is a global professional services company with a mission to help clients become high-performance businesses and governments. Its vision is to be a leading company bringing innovations to improve how the world works and lives. The document outlines Accenture's core values and various business units including Strategy, Consulting, Digital, Technology, and Operations. It provides an overview of Accenture's HR solutions for creating HR strategies, operating models, and driving talent and process excellence.
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Introduction
Have you ever dreamed of turning your innovative idea into a thriving business? Starting a company involves numerous steps and decisions, but don't worry—we're here to help. Whether you're exploring how to start a startup company or wondering how to start up a small business, this guide will walk you through the process, step by step.
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In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
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• Demonstrate the best approach to selection and prioritization of user-goals to address
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management accounting
1. Contents
Comparative income statement ............................................................................1
Interpretation...................................................................................................1
Comparative balance sheet ..................................................................................2
Interpretation...................................................................................................3
Common size income statement...........................................................................5
Interpretation...................................................................................................5
Common size balance sheet.................................................................................6
Interpretation...................................................................................................7
Trend analysis.....................................................................................................9
Interpretation...................................................................................................9
2. 1
Comparative income statement
Interpretation
Company has increased its revenue by 6 % in the year 2018, but due to the fall in the other
income the aggregate income has not increased as much as revenue.
With increase in the revenue it is necessary that the expenditure will increase but the increase in
interest is 286.4% which is much more than the expected rate.
There has been 5.99% increase in depreciation which is justifiable as there has been a subsequent
increase in the value of assets. Also it can be seen that there is a significant increase in the tax
which is a result of increased revenue of the company.
Profit before tax and debenture increased by 9.71% which shows the growth of the company and
if we compare the profit after tax which is 5.23 % that is a clear indicator that the company is
performing overall good but they have to manage the financial cost wisely.
There has also been an increase in earnings per share by 5.23% signifying the improvement of
the share price of the company in the market.
PARTICULAR 2018 2017 CHANGE %
Revenue 81,994.40 77,266.20 4,728.20 6.12
Other Income 2,045.50 2,279.80 -234.30 -10.28
Total Income 84,039.90 79,546.00 4,493.90 5.65
Expenditure 70,278.60 67,002.60 3,276.00 4.89
Interest 345.7 89.4 256.30 286.69
PBDT 13,761.30 12,543.40 1,217.90 9.71
Depreciation 2,757.90 2,602.10 155.80 5.99
PBT 11,003.40 9,941.30 1,062.10 10.68
Tax 3,281.60 2,603.60 678.00 26.04
Net Profit 7,721.80 7,337.70 384.10 5.23
Equity 151 151 0 0
EPS 255.62 242.91 12.71 5.23
3. 2
Comparative balance sheet
2018 2017 change %
EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital 151 151 0 0
Total Share Capital 151 151 0 0
Reserves and Surplus 41,606.30 36,280.10 5326.2 14.68077541
Total Reserves and
Surplus 41,606.30 36,280.10 5326.2 14.68077541
Total Shareholders
Funds 41,757.30 36,431.10 5326.2 14.61992638
NON-CURRENT LIABILITIES
Long Term Borrowings 0 0 0 0
Deferred Tax Liabilities
[Net] 558.9 466.2 92.7 19.88416988
Other Long Term
Liabilities 1,585.30 1,105.00 480.3 43.46606335
Long Term Provisions 26.5 21.9 4.6 21.00456621
Total Non-Current
Liabilities 2,170.70 1,593.10 577.6 36.25635553
CURRENT LIABILITIES
Short Term Borrowings 110.8 483.6 -372.8 -77.08850289
Trade Payables 10,497.00 8,367.30 2129.7 25.45265498
Other Current Liabilities 4,274.30 3,926.50 347.8 8.857761365
Short Term Provisions 560 449 111 24.72160356
Total Current
Liabilities 15,442.10 13,226.40 2215.7 16.75210186
Total Capital And
Liabilities 59,370.10 51,250.60 8119.5 15.84274135
ASSETS
NON-CURRENT ASSETS
Tangible Assets 13,047.30 12,919.70 127.6 0.987639032
Intangible Assets 311.7 373 -61.3 -16.43431635
Capital Work-In-Progress 2,125.90 1,252.30 873.6 69.75964226
Fixed Assets 15,484.90 14,545.00 939.9 6.462014438
Non-Current Investments 34,072.90 26,302.20 7770.7 29.54391648
Long Term Loans And
Advances 0.2 0.3 -0.1 -33.33333333
4. 3
Other Non-Current Assets 1,890.70 1,626.90 263.8 16.21488721
Total Non-Current
Assets 51,448.70 42,474.40 8974.3 21.12872695
CURRENT ASSETS
Current Investments 1,217.30 2,178.80 -961.5 -44.12979622
Inventories 3,160.80 3,262.20 -101.4 -3.108331801
Trade Receivables 1,461.80 1,199.20 262.6 21.89793195
Cash And Cash
Equivalents 71.1 13.8 57.3 415.2173913
Short Term Loans And
Advances 3 2.5 0.5 20
OtherCurrentAssets 2,007.40 2,119.70 -112.3 -5.297919517
Total Current Assets 7,921.40 8,776.20 -854.8 -9.739978578
Total Assets 59,370.10 51,250.60 8119.5 15.84274135
Interpretation
There is a significant increase in the value of total shareholders’ funds due to an increase of
14.68% in total reserves and surplus.
Coming to the non-current liabilities, the deferred tax liabilities have increased by 19.88% that
indicates that the estimated tax was less than the actual tax to be paid. Other long term liabilities
have increased by 43.46% which is a very significant difference as they have increased the
investment in fixed assets. There has been a 21.004% increase in the long term provisions. Total
non-current liabilities have increased by 36.25%.
There was an opposite outcome for the short term borrowings. The company has almost paid off
77.08% of their short term borrowings which show that the company wants to create a good
credibility in the market. The trade payables increased by 25.44% which is justifiable since it is
an automobile company therefore, it has to take credit from suppliers. Total current liabilities
have increased by 16% which approximately balances the current liability section of the balance
sheet.
The total capital and liabilities have increased by 15.84% which is in accordance with the growth
rate of the company.
There is a significant change in the capital work in progress of about 69.75% while the change in
the value of total fixed assets is just 6.49%. This change in capital work in progress is because of
the new manufacturing facility being established in Gujarat and new upgraded showrooms
known as Maruti arena being opened.
There is an increase of 21.12% in the value of non-current assets. This maybe because of risk-
management and utilizing the revenues in a proper direction. There is a significant increase in
5. 4
both non-current investments and other non-current assets while there is a significant decrease in
long term loans and advances.
The value of current assets has decreased by 9.73% due to fall in the values of current
investments, inventories and other current assets whereas the values of trade receivables, cash
and cash equivalents and short term loans and advances increased.
The company is performing well and is working towards growth therefore, most of the fixed
assets and long term investments of the company are being jammed in capital work in progress
and risk management respectively.
6. 5
Common size income statement
particular 2018 2017
% change in
2018
% change
in 2017
Revenue 81,994.40 77,266.20 100.00 100.00
Other
Income 2,045.50 2,279.80 2.494682564 2.950578649
Expenditure 70,278.60 67,002.60 85.71 86.72
Interest 345.7 89.4
-
0.421614159
-
0.115703891
PBDT 13,761.30 12,543.40 16.7832 16.23402
Depreciation 2,757.90 2,602.10 3.36 3.37
PBT 11,003.40 9,941.30 13.42 12.87
Tax 3,281.60 2,603.60 4.00 3.37
Net Profit 7,721.80 7,337.70 9.42 9.50
Equity 151 151 0.18415 0.19542827
EPS 255.62 242.91 0.311752998 0.314380674
Interpretation
There is an increase in the revenue generated by 4728.2. Even though there has been an increase
in the revenue, the other incomes have decreased when we compare them on the basis of the
revenue generated along with the expenditure incurred by the company.
There has been an increase in the interest paid from 2017 to 2018 yet the change in profit before
depreciation and tax is negligible. Although there is very minimal change in the depreciation
recorded, there has been an increase in the profit before tax.
A significant change in tax on the basis of revenue can also be seen. The net profit of the
company on the basis of its revenue has decreased from 9.50 to 9.42 indicating that the company
has not been able to maintain its profits.
There is no significant change in the equity of the company along with earnings per share when
we compare the two on the basis of the revenue that the company has generated in the two years,
2017 and 2018 respectively.
The company needs to look into the reasons for decrease in the other incomes and manage its
financial costs to maintain the profits and continue to grow and develop.
7. 6
Common size balance sheet
2018 2017
% change
in 2018
%
change
in 2017
QUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital 151 151 0.25433678 0.294631
Total Share
Capital 151 151 0.25433678 0.294631
Reserves and
Surplus 41,606.30 36,280.10 70.0795518 70.78961
Total Reserves and
Surplus 41,606.30 36,280.10 70.0795518 70.78961
Total Shareholders
Funds 41,757.30 36,431.10 70.3338886 71.08424
NON-CURRENT LIABILITIES
Long Term
Borrowings 0 0 0 0
Deferred Tax
Liabilities [Net] 558.9 466.2 0.94138295 0.909648
Other Long Term
Liabilities 1,585.30 1,105.00 2.67019931 2.156072
Long Term
Provisions 26.5 21.9 0.04463526 0.042731
Total Non-Current
Liabilities 2,170.70 1,593.10 3.65621752 3.108451
CURRENT LIABILITIES
Short Term
Borrowings 110.8 483.6 0.18662593 0.943599
Trade Payables 10,497.00 8,367.30 17.680617 16.32625
Other Current
Liabilities 4,274.30 3,926.50 7.19941519 7.661374
Short Term
Provisions 560 449 0.94323574 0.876087
Total Current
Liabilities 15,442.10 13,226.40 26.0098939 25.80731
Total Capital And
Liabilities 59,370.10 51,250.60 100 100
ASSETS
8. 7
NON-CURRENT ASSETS
Tangible Assets 13,047.30 12,919.70 21.9762136 25.20888
Intangible Assets 311.7 373 0.52501175 0.727796
Capital Work-In-
Progress 2,125.90 1,252.30 3.58075866 2.443484
Fixed Assets 15,484.90 14,545.00 26.081984 28.38016
Non-Current
Investments 34,072.90 26,302.20 57.3906731 51.32077
Long Term Loans
And Advances 0.2 0.3 0.00033687 0.000585
Other Non-Current
Assets 1,890.70 1,626.90 3.18459966 3.174402
Total Non-Current
Assets 51,448.70 42,474.40 86.6575936 82.87591
CURRENT ASSETS
Current Investments 1,217.30 2,178.80 2.05035868 4.251267
Inventories 3,160.80 3,262.20 5.32389199 6.365194
Trade Receivables 1,461.80 1,199.20 2.46218214 2.339875
Cash And Cash
Equivalents 71.1 13.8 0.11975725 0.026927
Short Term Loans
And Advances 3 2.5 0.00505305 0.004878
OtherCurrentAssets 2,007.40 2,119.70 3.38116325 4.135952
Total Current
Assets 7,921.40 8,776.20 13.3424064 17.12409
Total Assets 59,370.10 51,250.60 100 100
Interpretation
There has been a significant increase in the total liabilities and capital from 2017 to 2018.
The change in the equity share capital from 2017 to 2018 on the basis of total liabilities and
capital is very minimal. There is a slight change in the reserves and surplus of the company
whereas the total shareholders’ fund has increased with slight significance.
There is an increase in the overall non-current liabilities when we compare them to the total
liabilities that the company has. This shows that the company looking forward towards
diversification in the product line.
9. 8
The total current liabilities of the company has increased which can be seen by trade payables
and short term provisions even though there has been a decrease in short term borrowings and
other current liabilities when compared to total liabilities and capital.
The increase in trade payable and short term provisions together is significantly more than the
total decrease in short term borrowings and other current liabilities.
There is decrease in the tangible assets of the company along with a significant decrease in
intangible assets. There has been an increase in the capital work in progress showing that the
company is working towards expansion. The overall fixed assets of the company have decreased.
There has been a significant increase in both non-current investments and long term loans and
advances but the increase in the other non-current assets is insignificant. In all the total non-
current assets of the company has increased a lot indicating investment in the company for the
purpose of diversification and expansion.
The current investments, other current assets and inventories of Maruti have decreased to a great
extent because of the new policy of Maruti which offers the customers the service to customize
their vehicle according to the demand. Trade receivables, cash and cash equivalents and the short
term loans and advances have increased. The total current assets have decreased as the increase
in some particular current assets is significantly less than the decrease in the other current assets.
When we see the overall comparison of Maruti from 2017 to 2018 we can see that they are trying
to redefine their policies to innovate and follow a new style of business through their customer
centric services which can be seen by the significant change in capital work in progress and
current assets, inventory management.
10. 9
Trend analysis
years r and d Trend Sales Trend
Profit
before
tax Trend
2018 8,316 224 781,048 225 110,034 512.6922
2017 6,404 172 669,094 193 99,603 464.09
2016 5,935 160 564,412 163 74,437 346.8316
2015 6,560 176 486,055 140 48,682 226.8288
2014 6,576 177 426,448 123 36,585 170.4641
2013 5,175 139 426,126 123 29,910 139.3626
2012 3,717 100 347,059 100 21,462 100
Interpretation
There has been a constant increase in research and development along with sales and profit. The
total increase in r and d has been of approximately 2.24 times. The increase in r and d from 2015
to2016 is less due to the problems created by the workers at the Gurgaon facility.
The sales have also increased by 2.25 times over the period of the last 7 years. This is due to the
constant innovation in the r and d department that the company has to offer to its customers in
India. The sales from 2013 to2014 because of new emerging competitions from the international
market.
The profit before tax for Maruti has increased by more than 5 times over the period of last seven
years. There has been a drastic increase from the years 2016 to 2017 due to the introduction of
new segment of Maruti India called Nexa which offers the customer a whole new experience of
premium cars with the Maruti trust and service.
The trend analysis shows that Maruti has used its revenue in a optimum level and compete with
international brands through its innovative research and development team which can be seen
from the performance as a whole.
11. 10
RATIO ANALYSIS
RATIO
FORMULA ANSWER
1) LIQUIDITY
RATIO
CURRENT
RATIO
CURRENT
ASSETS
/CURRENT
LIBILITIES 79,214
154,42
1 0.512974
QUICK
ASSETS
LIQUIDE
ASSETS
/CURRENT
LIBILITIES 47606 154421 0.308287
2)PROFITIBILIT
Y RATIO
NET
PROFIT
RATIO
NET PROFIT
/SALES *100
110,03
4
781,04
8
14.08799%
RETURN
ON TOTAL
ASSETS
NET
PROFIT/TOTA
L *100
110,03
4
593,70
1 18.53357%
RETURN
ON
EQUITY
NET
PROFIT/TOTA
L EQUITY*100
110,03
4
417,57
3 26.35084%
12. 11
STOCK
TURNOVE
R RATIO
COST OF
SALES
/AVERAGE
STOCK 32115
3)ACTIVITY
RATIO
FIXED
ASSETS
TURNOVE
R RATIO
SALES /FIXED
ASSETS
781,04
8
514,48
7 1.51811
CURRENT
ASSETS
TURN
OVER
SALES
/CURRENT
ASSETS
781,04
8 79,214 9.859974
TOTAL
ASSETS
TURNOVE
R
SALES
/TOTAL
ASSETS
781,04
8
593,70
1 1.315558
4)SOLVANCY
RATIO
DEBT
EQUITY
RATIO DEBT/EQUITY 21,707
417,57
3 0.051984
DEBT
CAPITAL
EMPLOYE
D RATIO
DEBT/CAPITA
L
EMPLOYEED 21,707 439280 0.049415
13. 12
Ratio analysis interpretation
1) Liquidity ratios
Current ratio – the current ratio of the company is 0.5 which indicates that the liquidity
of the company is not good and it will not able to pay its current liabilities with is current
assets.
Quick ratio – when we have a look at the quick ratio its around 0.3 which is a result of
low current assets of the company
Conclusion- when we have the look at the business what Maruti do ,low liquidity ratio is
not a very big issue as because of the business with heavy investment in fixed assets may
be successful even the ratio is low
2) Profitability ratios
Net profit ratio – it shows the profit margin of the company able to earn and have a
rough idea about the profitability of the company, when we see Maruti’s net profit ratio
which is around 14.2% which less the market average this is because of the low budget
car segment market of Maruti.
Return on total assets – with a ROA of 18.388% Maruti shows that the company is
effectively use its current and fixed assets and which is able to earn a decent return out of
it.
Return on equity - this is most useful ratio for investors of the company. They only
want to know the return from their investment which about 26.35 % for Maruti which
tells that it’s a good time to invest in Maruti to invest to get a good return
Conclusion – when we look at all the profitability ratio Maruti is giving a good return to
is investor and able to utilize its assets in an efficient way.
3) Activity ratios
Fixed asset turnover ratio - fixed asset turnover ratio for Maruti is around 1.5 it is a
justifiable because it is a business which needs heavy fixed assets but it can be also
interpreted that the company has over invested in the capital assets.
Current asset turnover ratio - current assets return is very high as compared to fixed
but it does not put a significant influence because Maruti is a capital asset oriented
industry (9.21)
Total asset turnover ratio – it’s about 1.3 which from the first point can be very clear
that because two reasons it can be low
Conclusion – when we compare all the ratio it can be said that company has over fixed
assets to solve it they need to improve their sales.
4) Solvency ratios
Debt to equity ratio - its around 0.05 which shows that the company, which means that
company has a very small amount of external liabilities as compared to internal liability
which is good sign for the shareholders of the company which will able to earn them
more return but a very small debt to equity ratio will be a concern for many because it
will not help to magnify the opportunity of low cost fund available in the market
14. 13
Debt to capital employed ratio- when we look at the Debt to capital employed ratio
company it very low around 4% which is good as it always better to have a less of
external fund in the total capital of the company
Conclusion – the above two ratio shows that the solvency position of the company is
very good but if the solvency is very good it will not fulfill the interest of shareholder as
it will not able to properly utilize the external fund benefit, therefore there should be mix
of external and internal fund which will fulfill both the need solvency and optimum use
of resources