Sample of Good Assignment
FACULTY OF BUSINESS AND MANAGEMENT
JANUARI 2012
BBPW 3103
FINANCIAL MANAGEMENT 1
SAMPLE
MATRICULATION NO :
IDENTITY CARD NO. :
TELEPHONE NO. :
E-MAIL :
LEARNING CENTRE :
Sample of Good Assignment
Table of Contents
1.0 Introduction ..................................................................................................................3
1.1 Company Background ................................................................................................3
1.1.1 Hup Seng Industries Bhd ............................................................................................3
1.1.2 Ahmad Zaki Resources Bhd .......................................................................................5
2.0 The Liquidity and Leverage Ratio Calculations .......................................................7
Hup Seng Industries Bhd .....................................................................................................9
Ahmad Zaki Resources Bhd ..............................................................................................11
3.0 The Analysis of Companies Financial Position .......................................................13
3.1 Detail Analysis of HSIB Liquidity and Leverage Ratio ..............................................15
3.2 Detail Analysis of AZRB Liquidity and Leverage Ratio .............................................20
4.0 The Differences of Companies Financial Position ..................................................25
5.0 Conclusion ..................................................................................................................27
APPENDIX .......................................................................................................................29
6.0 References ...................................................................................................................35
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1.0 Introduction
One way to evaluating company financial position or performance is by calculating financial
ratios. Ratios are simply relationships between two financial balances or financial calculations.
These relationships establish for company references to manage and performing appropriately.
Since the purpose of this assignment is to evaluate and analyze the liquidity and leverage
position of Bursa Malaysia listed companies, I’ve choose a company which involves in consumer
product and construction sector. The names of the companies are Hup Seng Industries Bhd. and
Ahmad Zaki Resources Bhd. The background and details are as explain below;
1.1 Company Background
1.1.1 Hup Seng Industries Bhd.
The Hup Seng Industries Bhd. (HSIB) was incorporated on 04 October 1991 under Company
Act 1965(Company No: 226098-P). The principal activities are manufacture and sales of biscuits
and coffee mix, and dealers in biscuits, confectionery, and other foodstuff. HSIB are leading
manufacture in consumer sector have been honour with numerous awards such as MS ISO 9002
Quality System Certification, MS ISO 9001:2000 Quality System Certification, HACCP (Hazard
Analysis Critical Control Points) and BRC (British Retail Consortium) Certification.
Furthermore, the summary of company important information as stated in as stated in Table 1.0.
Elements Details
Company Legal
Address
Suite 6.1a Level 6, Menara Pelangi, Jalan Kuning,
Taman Pelangi, Johor Bahru
80400 JOHOR DARUL TAKZIM
Type Public Limited Company
Incorporation Date 4 October 1991
Manufacture and
Sales
Cream Crackers, Crackers, Marie Biscuits, Sandwiches, Cookies and
Assorted Biscuits
Financial Auditors Ernst & Young (2011)
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Financial
Information
Turnover, Profit After Tax And Net Earnings Per Share (Sen.) For The Year
2005 Until 2009.
Vision To establish an integrity and profitable business for our
customers, shareholders and suppliers.
Mission Create products that signify good quality, service, & management
for the benefits & pleasures of our customers.
To build a range of products known for its competitive pricing.
Build a brand one product at a time based on ISO 9002.
Products Some of the product manufacture by HSIB:
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1.1.2 Ahmad Zaki Resources Bhd.
The Ahmad Zaki Resources Bhd. (AZRB) was incorporated on 26 May 1997 under Company
Act 1965(Company No: 432768-X). The principal activities are contractors of civil and
structural contract. At beginning, AZRB contracting job was landscaping works for a housing
project owned by Terengganu State Economic Development Corporation in Kemaman,
Terengganu. AZRB obtained licensing a Class 'A' contractor and now approximately 2 (two)
Billion Ringgit worth of projects, consisting of various types of buildings and civil engineering
works successfully completed. AZRB also have 3 overseas projects need complete in year 2015
such as in Chennai, India and two in Riyadh, Saudi Arabia. Furthermore, the summary of
company important information as stated in as stated in Table 1.1.
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Elements Details
Company Legal
Address
6 Jalan Bangsar Utama 9,
Bangsar Utama, Kuala Lumpur,
59000 WILAYAH PERSEKUTUAN
Type Non-Liability Limited Company
Incorporation Date 26 May 1997
Manufacture and
Sales
Contractors Of Civil And Structural Contract
Financial Auditors Moore Stephens AC (2010)
Financial
Information
Revenue,Shareholder Funds, Profit/(Loss) before Taxation and Net Tangible
Assets Per Share for The Year 2005 Until 2009.
Vision Trusted industry leader in delivering commitment with excellence
and value.
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Mission Smart partnership with customers, employees and stakeholders.
Institutionalize the virtues of honesty and trust.
Setting and maintaining high standards; striving for superior
performance in all undertakings.
Being pro-active through continuous research and development in
meeting challenges.
Products Some of the completed projects of AZRB:
Indoor Stadium, Mosque,
Kuala Terengganu Jalan Duta
2.0 The Liquidity and Leverage Ratio Calculations
The calculation of liquidity and leverage financial ratio for Hup Seng Industries Bhd. (consumer)
and Ahmad Zaki Resources Bhd. (construction) computed based on values taken from statement
of Financial Position and statement of Comprehensive Income. The summary of HSIB and
AZRB companies financial statement and income statement year 2005 until 2009 stated in
Appendix 1.0. The detail workings and performance indicator result shows in Table 1.2 Hup
Seng Industries Bhd. (consumer) and Table 1.3 Ahmad Zaki Resources Bhd. (construction). To
measure companies liquidity and leverage level, calculated a few ratios as stated Chart 1.0 and
Chart 1.1.
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Leverage
Debt Ratio
Equity Multiplier Debt to Equity
Ratio
Interest Coverage Ratio
LiquidityNet Working
Capital
Average Collection
Period
Account Receivables Turnover
Quick Ratio
Current Ratio
Inventory Turnover
Chart 1.0
Chart 1.1
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Table 1.2
The Calculation of Liquidity and Leverage Ratio for Company
Hup Seng Industries Bhd.
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Table 1.3
The Calculation of Liquidity and Leverage Ratio for Company
Ahmad Zaki Resources Bhd.
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3.0 The Analysis of Companies Financial Position
In order to measure those companies financial position, liquidity and leverage ratios are applied. Liquidity ratio determines ability
companies to repay short-term creditors out of its total cash. The liquidity ratio is the result of dividing the total cash by short-term
borrowings. It shows the number of times short-term liabilities are covered by cash. Apart from this, leverage ratio allows companies
to increase the potential gains or losses on a position or investment beyond what would be possible through a direct investment of its
own funds. The compliance summary liquidity and leverage ratio analysis for Hup Seng Industries Bhd. and Ahmad Zaki Resources
Berhad. as stated in Table 1.4 and Table 1.5.
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3.1 Detail Analysis of Hup Seng Industries Bhd. Liquidity and Leverage Ratios
Graph 1.0
Net Working Capital Trend
Graph above showing Net Working Capital and average RM42.74 million indicate HSIB higher
than industry average (RM42, 700) for the year 2005 until 2009. The company able to settle its
short-term debts and maintained or expand day-to-day operation.
2005 2006 2007 2008 2009
Net Working Capital 35.52 37.97 32.97 43.47 63.76
0
10
20
30
40
50
60
70
RM
(M
il)
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Graph 1.1
The Trend of Current, Quick, Account Receivables Turnover and Inventory Ratio
Based on the graph, HSIB decrease the current ratio for the past 5 years but still compliance with
industry average. This shows that company short term assets have managed to meet their
short term creditors and obligations. Besides, they also managed to achieve a good current
ratio flow after year of 2008. In overall the company maintained a good liquidity
performance for current ratio with an average ratio of 2.25 achieved for the last 5 years
from year 2005-2009.
Quick Ratio for HSIB was at highest in the year 2009 (at a ratio of 4.94) and they were
at lowest in the year 2006 (at a ratio of 1.54). The company achieved a best positioning
in the current year of 2009 as they were able to meet their short term obligations with
their most liquid assets. In overall, the company maintained a good quick ratio with an
average ratio of 1.49 from year 2005-2009 (industry average 1.43).
2005 2006 2007 2008 2009
Current Ratio 2.73 2.31 1.98 1.99 2.25
Quick Ratio 1.96 1.54 1.19 1.32 1.42
Account Receivables Turnover 6.82 6.94 6.36 7.39 7.1
Inventory Turnover 5.92 7.92 6.95 6.3 7.01
0
1
2
3
4
5
6
7
8
9
Tim
es
Year
Current Ratio Quick Ratio Account Receivables Turnover Inventory Turnover
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Account Receivables Turnover for HSIB is unsatisfactory level compared the industry average
which is less than 8.24 times. This may shows the company unable to manage credit collection in
order to collect all the revenues. In overall, the company maintained a business inefficiency
with an average ratio of 6.92 times from year 2005-2009.
Inventory Turnover for HSIB maintained much better with average 6.82times (industry average
6.6 times) from year 2005-2009 which means company does not keep any surplus of inventory.
Graph 1.2
The Trend of Average Collection Turnover
Average collection turnover for HSIB is unsatisfactory with average 52.13 days (industry
average 44.3 days) which means company takes longer time to collect debts from their
customers.
2005 2006 2007 2008 2009
Average Collection Period 50.7 48.71 56.6 51.87 52.79
44
46
48
50
52
54
56
58
Day
s
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Graph 1.3
The Trend of Equity Multiplier and Interest Coverage Ratio
Average Equity Multiplier for HSIB is satisfactory with average 1.36 times (industry average
less than1.67) from year 2005-2009. This shows that company assets via equity is higher
compared other constructions companies.
Interest coverage ratio for HSIB is satisfactory with average 13,823.64 times (industry average
more than 4.3 times) from year 2005-2009. This shows company has higher ability to make
interest payment regularly by using operation income.
2005 2006 2007 2008 2009
Equity Multiplier 1.33 1.44 1.37 1.34 1.32
Interest Coverage Ratio 63.21 7972.44 997.45 2987.04 57098.07
0
10000
20000
30000
40000
50000
60000Ti
me
s
Year
Equity Multiplier Interest Coverage Ratio
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Graph 1.4
The Trend of Debt Ratio and Debt to Equity Ratio
Debt Ratio for HSIB is satisfactory with average 26.25 % (industry average less than 40%) from
year 2005-2009. This means company able to settle off interest and principal loans.
Debt to Equity Ratio for HSIB is satisfactory with average 7.77 % (industry average less than
50%) from year 2005-2009. This means companies not rely on long-term creditor supplied fund
than owner supplied funds.
2005 2006 2007 2008 2009
Debt Ratio 25.62% 29.10% 27.02% 25.21% 24.30%
Debt to Equity Ratio 8.77% 8.57% 8.08% 7.28% 6.15%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%P
erc
en
tage
(%
)
Year
Debt Ratio Debt to Equity Ratio
Sample of Good Assignment
3.2 Detail Analysis of Ahmad Zaki Resources Berhad. Liquidity and Leverage Ratios
Graph 1.5
Net Working Capital Trend
Graph above showing Net Working Capital and average RM140.88 million indicate AZRB
higher than industry average (RM42, 700) for the year 2005 until 2009. The company able to
settle its short-term debts and maintained or expand day-to-day operation.
2005 2006 2007 2008 2009
Net Working Capital 136.1 130.57 153.22 176.1 108.39
0
20
40
60
80
100
120
140
160
180
200
RM
(M
il)
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Graph 1.6
The Trend of Current, Quick, Account Receivables Turnover and Inventory Ratio
Based on the graph, AZRB decrease the current ratio for the past 5 years and shows company not
compliance with industry average (2.05> times). This shows that company short term assets
not able to meet their short term creditors and obligations. In overall the company
maintained a bad liquidity performance for current ratio with an average ratio of 1.48
times for the last 5 years from year 2005-2009.
Quick Ratio for AZRB was at highest in the year 2005 (at a ratio of 1.62) and they were
at lowest in the year 2009 (at a ratio of 1.23). The company not positioning good in the
current year of 2009 as they were not able to meet their short term obligations with their
most liquid assets. In overall, the company maintained a bad quick ratio with an average
ratio of 1.41 from year 2005-2009 (industry average 1.43).
2005 2006 2007 2008 2009
Current Ratio 1.7 1.48 1.42 1.52 1.28
Quick Ratio 1.62 1.4 1.37 1.46 1.23
Account Receivables Turnover 7.1 1.8 1.82 2.16 1.44
Inventory Turnover 12.86 36 36.54 45.43 32.61
0
5
10
15
20
25
30
35
40
45
50
Tim
es
Year
Current Ratio Quick Ratio Account Receivables Turnover Inventory Turnover
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Account Receivables Turnover for AZRB is unsatisfactory level compared the industry average
which is less than 8.24 times. This may shows the company unable to manage credit collection in
order to collect all the revenues. In overall, the company maintained a business inefficiency
with an average ratio of 2.86 times from year 2005-2009.
Inventory Turnover for AZRB maintained much better with average 32.69 times (industry
average 6.6 times) from year 2005-2009 which means company does not keep any surplus of
inventory.
Graph 1.7
The Trend of Average Collection Turnover
Average collection turnover for AZRB is unsatisfactory with average 172.94 days (industry
average 44.3 days) which means company takes longer time to collect debts from their
customers.
2005 2006 2007 2008 2009
Average Collection Period 50.7 200 198 166 250
0
50
100
150
200
250
300
Day
s
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Graph 1.8
The Trend of Equity Multiplier and Interest Coverage Ratio
Average Equity Multiplier for AZRB is unsatisfactory with average 2.41 times (industry average
less than1.67) from year 2005-2009. This shows that company assets via equity is lower
compared other constructions companies.
Interest coverage ratio for AZRB is satisfactory with average 5.84 times (industry average more
than 4.3 times) from year 2005-2009. This shows company has higher ability to make interest
payment regularly by using operation income.
2005 2006 2007 2008 2009
Equity Multiplier 2.01 2.37 3.24 2.34 2.1
Interest Coverage Ratio 10.35 8.7 5.4 2.48 2.25
0
2
4
6
8
10
12Ti
me
s
Year
Equity Multiplier Interest Coverage Ratio
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Graph 1.9
The Trend of Debt Ratio and Debt to Equity Ratio
Debt Ratio for AZRB is satisfactory with average 70.26 % (industry average less than 40%) from
year 2005-2009. This means company has difficulties to settle off interest and principal loans.
Debt to Equity Ratio for AZRB is satisfactory with average 62.16 % (industry average less than
50%) from year 2005-2009. This means companies rely on long-term creditor supplied fund than
owner supplied funds.
2005 2006 2007 2008 2009
Debt Ratio 66.83% 70.33% 76.44% 70.00% 67.76%
Debt to Equity Ratio 44.19% 40.49% 77.15% 102.51% 46.45%
0.00%
20.00%
40.00%
60.00%
80.00%
100.00%
120.00%P
erc
en
tage
(%
)
Year
Debt Ratio Debt to Equity Ratio
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4.0 The Differences of Companies Financial Position Based on Liquidity and Leverage
Ratio Analysis Stated in Table 1.6.
Comparison
Elements
Hup Seng Industries Berhad
(Consumer)
Ahmad Zaki Resources Berhad.
(Construction)
Net Working
Capital
Comparison from 2005 until 2009 on Net
Working Capital shows significant
increase around 44% throughout the year.
This happen when total current liabilities
decrease and increased current assets.
Comparison from 2005 until 2009 on Net
Working Capital shows significant decreased
around 25% throughout the year. This happen
when total current liabilities keep on increased
and total current assets remain the same.
Conclusion:
Consumer industries are stronger in cable of liquid assets that are available to sustain and
build business by measuring your company’s efficiency and short-term financial health.
Current Ratio
There are 0.48 times increased on current
ratio throughout year 2005 until 2009
because the total current assets of company
dramatically increased and makes total
liabilities drop.
There are 0.42 times decreased on current ratio
throughout year 2005 until 2009 because the
total current assets of company drop and total
liabilities dramatically increased.
Conclusion:
Consumer industries are positioning in ideal number of cash to be converted from current
assets in order to pay debts that come due during every year.
Quick Ratio There are 0.55 times increased on current
ratio throughout year 2005 until 2009
because the total current assets of
company.
There are 0.39 times decreased on current ratio
throughout year 2005 until 2009 because the
total liabilities dramatically increased.
Conclusion:
Consumer industries and construction sector are in good positioning but the trend
construction sector decreasing and afraid in future the firm would not be able to meet its
current obligations.
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Account
Receivables
Turnover/
Average
Collection
Period
There are 0.28 times and 2.09 days
increased on Account Receivables
Turnover Ratio and Average Collection
Period throughout the year 2005 until
2009.
There are 5.66 times and 199.30 days increased
on Account Receivables Turnover Ratio and
Average Collection Period throughout the year
2005 until 2009.
Conclusion:
Both companies indicate having trouble collecting on sales it provided customers on credit.
Construction sector have extremely have higher risk on revenue collection because the
completion projects takes longer time to recognized actual sales.
Inventory
Turnover
Inventory turnover drops 1.09 times from
year 2005 until 2009.
Inventory turnover increased 19.75 times from
year 2005 until 2009.
Conclusion:
Construction sector indicates favorable and fastest inventory can be sold in a year comparing
consumer industries. This situation happen because cost of goods sold higher than inventory
in a company.
Debt Ratio Debt Ratio drops 1.32% from year 2005
until 2009.
Debt Ratio increased 0.93% from year 2005
until 2009.
Conclusion:
Consumer industries most likely facing less debt because amount of liabilities are less
compare construction sector debt ratio reach until 67.76 %( Industry Average 40%) and
indicate higher risks.
Debt To
Equity Ratio
Debt to equity Ratio drops 2.62% from
year 2005 until 2009.
Debt Ratio increased 2.26% from year 2005
until 2009.
Conclusion:
Consumer industries consider less satisfactory level because does not take efforts to expand
Its sales and earnings even though company meets the requirement every year (2009 -6.19%
industry average 50%). Construction satisfactory result because maintain debt on 46.45% and
take a lot of efforts to expand their business.
Sample of Good Assignment
Equity
Multiplier
Equity Multiplier Ratio drops 0.01% from
year 2005 until 2009.
Equity Multiplier Ratio increased 0.09% from
year 2005 until 2009.
Conclusion:
Construction sector relies more on debt to finance its assets and higher than the industry
average compare consumer industries ideal figure throughout the year.
Interest
Coverage
Ratio
Interest coverage ratio increased to
57,034.86 times from year 2005 until
2009.
Interest coverage ratio decreased to 8.1 times
from year 2005 until 2009.
Conclusion:
Consumer industries shows excellent result compared construction sector on ability to pay
the interest charges on its debt. This happen when interest paying buy consumer industries
lesser than construction sector.
5.0 Conclusion
Based on the evaluation of consumer industry (Hup Seng Industries Bhd.) and construction
sector (Ahmad Zaki Resources Bhd.) financial position, tells the actual condition of the company
financial management. The analysis of liquidity and leverage ratio on two separate groups of
companies indentify the satisfactory or unsatisfactory result in total performance. In order to
measure the total performance of both companies for the year 2005 until 2009, percentage of
marks scale used such as 0-50% (insufficient), 51-63% (sufficient), 64-79% (satisfactory), 80-
89% (Good), 90-100% (excellent). The calculation stated below:
Hup Seng
Industries
Bhd.
(HSIB)
Liquidity Ratio Measurement
Leverage Ratio Measurement
6
4 +
Total
Year 2005 -2009
Total Analysis Done
Total Performance Based on Satisfactory Result Average Industry
(34/50 × 100%)
10 ×
5
50
68%
Sample of Good Assignment
Ahmad
Zaki
Resources
Bhd.
(AZRB)
Liquidity Ratio Measurement
Leverage Ratio Measurement
6
4 +
Total
Year 2005 -2009
Total Analysis Done
Total Performance Based on Satisfactory Result Average Industry
(18/50 × 100%)
10 ×
5
50
36%
As a summary of total performance report, clearly shown HSIB satisfactory (68%) result and
AZRB insufficient (36%) result. The percentage able to visualize the future, initiates changes
and achieves the purpose of companies under highly dynamic conditions. HSIB has potential to
grow much better to reach excellent status but AZRB must lessen the liability or borrowings and
make collection period faster to reach excellent level.
(2768 words)
Thank You Dear Sir/Madam for Allocate your Precious Time to Marking My Assignment
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Appendix
SUMMARY
HUP SENG INDUSTRIES BHD.
The Statement of Financial Position
For The Year 2005 until 2009
2009
(RM)
2008
(RM)
2007
(RM)
2006
(RM)
2005
(RM)
Non-Current Assets
Property, Plant and Equipment
Investment Properties
Prepaid Payments
Goodwill
Deferred Tax Assets
66,074,493
1,865,671
4,959,874
13,227,508
483,543
70,653,265
1,882,526
5,085,565
13,227,508
610,170
70,283,151
1,899,726
4,651,831
13,227,508
1,050,966
69,163,153
1,915,808
3,803,261
13,227,508
1,433,633
65,487,549
1,935,186
3,910,102
13,227,508
983,068
86,611,089 91,459,034 91,113,182 89,543,363 85,549,413
Current Assets
Inventories
Trade and Other Receivables
Tax Recoverable
Cash and Bank Balances
Total Assets
23,418,474
32,727,914
2,153,919
42,219,598
20,282,491
33,504,972
1,688,218
21,224,792
21,438,292
26,970,184
1,342,882
15,634,694
22,004,531
31,972,951
1,157,978
21,222,356
20,013,925
28,411,531
549,268
14,950,315
100,519,905
187,130,994
76,700,473
168,159,507
65,386,052
156,499,234
76,357,816
165,901,179
63,925,039
149,474,452
Equity Attribute to Owners
of Company:
Share Capital
Share Premium
Other Reserves
Retain Earnings
Total Equity
60,000,000
14,333,133
2,621,865
64,706,562
141,661,560
60,000,000
14,333,133
741,468
50,691,989
125,766,590
60,000,000
14,333,133
796,374
39,076,700
114,206,207
60,000,000
14,333,133
42,983
40,889,315
115,265,431
60,000,000
14,333,133
42,983
38,402,464
112,778,580
Sample of Good Assignment
Non-Current Liabilities
Deferred Tax Liabilities
8,712,248
9,159,479
9,235,245
9,874,549
9,894,476
Current Liabilities
Trade and Other Payables
Tax Payable
Borrowings
Total Liabilities
Total Equity and Liabilities
33,423,934
3,333,252
-
36,757,186
31,376,270
1,857,168
-
33,233,438
32,794,782
263,000
-
33,057,782
36,219,272
2,164,321
-
38,383,593
27,878,114
165,367
361,521
28,405,002
45,469,434
187,130,994
42,392,917
168,159,507
42,293,027
156,499,234
48,258,142
163,910,573
38,299,478
151,465,058
Sample of Good Assignment
SUMMARY
HUP SENG INDUSTRIES BHD.
The Statement of Comprehensive Income
For The Year 2005 until 2009
2009
(RM)
2008
(RM)
2007
(RM)
2006
(RM)
2005
(RM)
Revenue
Cost of Sales
Gross Profit
Other Operating Income
Selling and Marketing
Expenses
Administrative Expenses
Operating Profit
Finance Cost
Profit before Tax
Tax Expenses
Profit for the Year
213,405,132
(138,730,913)
74,674,219
1,866,323
(23,619,444)
(17,120,606)
35,800,492
(627)
35,799,865
(8,919,368)
220,329,264
(160,833,820)
59,495,444
1,883,155
(24,504,253)
(15,526,004)
21,348,342
(7,147)
21,341,195
(5,270,394)
193,115,141
(149,053,165)
44,061,976
1,572,200
(24,019,666)
(15,483,201)
6,131,309
(6,147)
6,125,162
(1,367,152)
188,338,321
(138,721,967)
49,616,354
1,384,413
(24,518,974)
(16,516,238)
9,965,555
(1,250)
9,964,305
(3,157,454)
180,967,603
(140,249,078)
40,718,525
1,650,768
(21,673,834)
(13,092,073)
7,603,386
(120,293)
7,483,093
(2,385,295)
26,880,497
16,070,801
4,758,010
6,806,851
5,097,798
Turnover
213,405,000 220,329,000 193,115,000 188,338,000 180,968,000
Sample of Good Assignment
SUMMARY
AHMAD ZAKI RESOURCES BERHAD
The Statement of Financial Position
For The Year 2005 until 2009
2009
(RM)
2008
(RM)
2007
(RM)
2006
(RM)
2005
(RM)
Non-Current Assets
Property, Plant and Equipment
Prepaid Land Lease Payment
Investment Properties
Investment in Associated Company
Investment in Joint Venture
New Planting Expenditures
Other Investment
Deferred Tax Assets
Goodwill
49,932,707
7,902,103
19,500,000
95,679,500
(28,637,206)
82,011,852
2,615,500
-
3,744,605
48,408,426
8,242,056
19,500,000
89,784,333
(28,698,666)
62,956,106
2,615,500
-
3,744,605
41,644,699
8,582,009
25,000,000
84,762,385
(28,873,164)
31,954,480
8,615,500
-
3,744,605
37,748,620
10,017,557
24,550,000
59,875
(28,601,943)
12,862,724
4,615,500
-
3,744,605
35,418,056
-
24,200,000
63,120
(28,407,817)
2,293,598
4,615,500
30,827
3,744,605
232,749,061 206,552,360 175,430,514 64,996,938 41,957,889
Current Assets
Inventories
Property Development Cost
Trade Receivables
Tax Assets
Cash and Bank Balances
Total Assets
12,045,447
1,459,535
319,274,486
4,268,175
152,619,459
12,927,339
5,831,594
306,258,522
3,931,817
185,642,625
12,142,953
2,531,332
289,351,747
2,514,749
207,990,592
10,521,722
1,784,567
246,063,818
737,035
145,004,720
15,513,481
1,642,492
156,200,474
2,850,925
154,096,042
489,667,102
722,416,163
514,591,897
721,144,257
514,531,373
689,961,887
404,111,862
469,108,800
330,303,414
372,261,303
Sample of Good Assignment
Equity Attribute to Owners of
Company:
Share Capital
Reserves
Treasury Shares
Minority Shares
Total Equity
138,317,965
90,497,764
(1,004,622)
5,119,654
232,930,761
138,265,800
74,073,128
(1,004,622)
4,661,599
215,995,905
69,132,900
89,819,619
-
3,603,457
162,555,976
66,710,400
69,710,468
-
2,760,664
139,181,532
66,710,400
54,249,887
-
2,524,354
123,484,641
Non-Current Liabilities
Other Borrowings
Deferred Tax Liabilities
103,931,069
4,274,357
108,205,426
161,476,632
5,153,614
166,630,246
161,001,406
5,091,419
166,092,825
51,350,526
5,039,510
56,390,036
50,582,645
3,981,991
54,564,636
Current Liabilities
Trade Payables
Other Borrowings
Bank Overdrafts
Tax Liabilities
Total Liabilities
Total Equity and Liabilities
279,892,669
83,895,648
16,696,378
795,281
288,922,481
37,723,565
9,865,602
2,006,458
300,207,725
53,039,168
3,497,348
4,568,845
254,826,555
12,640,669
3,687,933
2,382,075
185,382,323
2,916,026
5,361,355
552,322
489,485,402
722,416,163
505,148,352
721,144,257
527,405,911
689,961,887
329,927,268
469,108,800
248,776,662
372,261,303
Sample of Good Assignment
SUMMARY
AHMAD ZAKI RESOURCES BERHAD
The Statement of Comprehensive Income
For The Year 2005 until 2009
2009
(RM)
2008
(RM)
2007
(RM)
2006
(RM)
2005
(RM)
Operating Revenue
Direct Operating Cost
Gross Profit
Other Operating Revenue
Administrative Cost
Other Operating Cost
Profit from Operation
Finance Cost
Share of Joint Venture
Share of Associated Company
Profit before Tax
Taxation
Profit for the Year
459,400,393
(392,745,708)
66,654,685
7,919,874
(30,702,170)
(4,216,374)
39,656,010
(17,599,297)
1,481,090
8,952,617
32,490,420
(10,892,791)
662,676,939
(587,320,101)
75,356,838
7,427,952
(34,142,268)
(9,299,426)
39,343,096
(15,833,047)
865,580
4,667,242
29,042,871
(12,596,576)
525,770,666
(443,688,570)
82,082,096
5,770,502
(32,183,205)
(5,690,637)
49,978,756
(9,248,152)
(271,221)
1,699,879
42,129,262
(14,991,475)
442,600,300
(378,671,527)
63,928,773
5,018,843
(22,609,156)
(5,022,555)
41,315,905
(4,751,830)
(194,126)
(3,245)
36,366,704
(11,975,443)
249,124,615
(199,522,413)
49,602,202
4,012,515
(19,391,174)
(2,471,975)
31,751,568
(3,067,938)
(561,846)
(3,899)
28,117,885
(9,249,362)
21,597,629
16,446,295
27,137,787
24,391,261
18,868,523
Sample of Good Assignment
6.0 References
1. Paramasivan, C. S. (2009). Financial Management. India: New Age International.
2. Ramagopal, C. (2008). Financial Management. India: New Age International.
3. Satyaprasad, B.G. Raghu, G.A. (2010). Advanced Financial Management. India: Global
Media
4. Helfert, E. (2001). Financial Analysis Tools and Techniques. United States of America:
McGraw-Hill Professional Publishing.
5. Jewell, J., & Mankin, J. (2009). Standardizing financial statement analysis across the
business curriculum: An interdisciplinary approach. Allied Academies International
Conference. Academy of Educational Leadership. Proceedings, 14(2), 15-19. Retrieved from
http://search.proquest.com/docview/192405168?accountid=48462
6. Hup Seng Industries Bhd. (2012). The Company Annual Report. [ONLINE]. Available:
http://announcements.bursamalaysia.com/HUPSENG-AnnualReport2010.pdf
http://announcements.bursamalaysia.com/HUPSENG-AnnualReport2009.pdf
http://announcements.bursamalaysia.com/HUPSENG-AnnualReport2008.pdf
http://announcements.bursamalaysia.com/HUPSENG-AnnualReport2007.pdf
http://announcements.bursamalaysia.com/HUPSENG-AnnualReport2006.pdf
http://announcements.bursamalaysia.com/HUPSENG-AnnualReport2005.pdf
7. Ahmad Zaki Resources Bhd. (2012). The Company Annual Report. [ONLINE].
Available:
http://announcements.bursamalaysia.com /AZRB-AnnualReport2010.pdf
http://announcements.bursamalaysia.com /AZRB-AnnualReport2009.pdf
http://announcements.bursamalaysia.com /AZRB-AnnualReport2008.pdf
http://announcements.bursamalaysia.com /AZRB-AnnualReport2007.pdf
http://announcements.bursamalaysia.com /AZRB-AnnualReport2006.pdf
http://announcements.bursamalaysia.com /AZRB-AnnualReport2005.pdf
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