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Fiancial NguyenHueAnh

The balance sheet for Vietnam Livestock Industry Joint Stock Company shows total assets of 2,177,763 in 2024, up from 2,081,674 in 2023, with current assets increasing to 1,761,887. The business performance report indicates a rise in net revenue from sales and services to 3,833,500 in 2024, resulting in a profit after tax of 137,451. Key financial ratios are provided to assess liquidity, asset management, debt management, and profitability.

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14 views7 pages

Fiancial NguyenHueAnh

The balance sheet for Vietnam Livestock Industry Joint Stock Company shows total assets of 2,177,763 in 2024, up from 2,081,674 in 2023, with current assets increasing to 1,761,887. The business performance report indicates a rise in net revenue from sales and services to 3,833,500 in 2024, resulting in a profit after tax of 137,451. Key financial ratios are provided to assess liquidity, asset management, debt management, and profitability.

Uploaded by

tranphappro6888
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Name: Nguyễn Huệ Anh

Mssv: 28208201907
Class: FIN 301 X

VIETNAM LIVESTOCK INDUSTRY JOINT STOCK COMPANY

BALANCE SHEET

2024 2023
Asset

Current asset
1,761,887 1,637,383

Cash and cash equivalents 759,659


520,774

Cash
46,659 66,674

Cash equivalents 713,000


454,100

Short-term financial investments 264,300


300,000

Held to maturity investment 264,300


254,300

Short-term receivables 233,141

264,981

Short-term trade receivables 155,236


185,504

Short-term seller advance 5,118


5,281

Other short-term receivables 74,384


75,633

Provision for doubtful short-term receivables

Inventory
498,701 545,208

Inventory
500,806 547,296
Provision for inventory write-down 2,105
2,088

Other current assets 6,084


6,420

Short-term prepaid expenses 5,316


5,482

Value Added Tax (“ VAT”) deductible 361,981


454,685

Taxes and accounts receivable state 406,428


483,306

LONG-TERM ASSETS
415,876 444,290
Long-term asset receivables 871,675
912,675

Other long-term receivables 871,675


912,675

Fixed assets
366, 159 387,351

Tangible fixed assets


149,938 163,536

Original price
519,704 505,623

Accumulated deprecation value 369,766


342,086
Long-term unfinished assets
15,461 16,922

Cost of unfinished contruction


15,461 16,922

Other long-term assets


33,384 39,104

Long-term prepaid expenses


12,533 7,485

Corporate income tax assets postpone


20,851 31,618

TOTAL ASSETS
2,177,763 2,081,674
CAPITAL SOURCE
LIABILITIES PAYALBE
889,177 798,842

Short-term debt
862,859 759,329

Short-term payables to suppliers


280,310 341,255

Short-term advance payment buyer


24,995 25,141

Taxes and other payments to the State


20,805 17,679

Must pay employees


19,323 91,167

Short-term payable expenses


73,508 112,552

Other short-term payable


16,976 26,754

Short-term loan
291,163 11,592

Provision for short-term


10,516

Bonus and welfare fund


125,258 133,186

Long-term debt
26,318 35,512

Long-term loan
3,921 10,527

Long-term provisions for payables


22,397 24,985

EQUITY
1,288,585 1,286,832
Equity
1,288,585 1,286,832

Owner’s capital contribution


809,143 809,143

Common shares with rights vote


809,143 809,143

Treasury shares
215,400 22,200
Development investment fund
183,508 142,272

Profit after tax (“LNST”) not included distribution


296,149 335,438

Accumulated undistributed profit after tax of previous years


189,355 197,987

Undistributed profit after tax of this year


189,355 197,987

Undistributed profit after tax of this year


106,794 137,451

TOTAL CAPITAL
2,177,763 2,081,674

BUSINESS PERFORMANCE REPORT

2023 2024
Sale and service revenue
3,348,672 3,856,545

Revenue deductions
14,491 23,044

Sales and service revenue


3,348,672 3,856,545

Revenue deductions
14,491 23,044

Net revenue from sales and services


3,334,181 3,833,500

Cost of goods sold and services rendered


2,545,292 2,919,546

Gross profit from sales and service provision


788,888 913,953

Revenue from financial activities


43,592 35,737

Financial costs
14,458 21,425

- Including: Interest expense


2,601 6,662

Sales expenses
517,602 605,379

Business management costs


168,426 156,062
Other income
131,993 166,824

Net operating profit


6,830 6,894

Other costs
253,257 193,589

Other profits
6,577 6,700

Total accounting profit before tax 138,570


173,525

Corporate income tax expense ("CIT") applicable


21,009 36,894

Deferred corporate income tax expense


10,767 820

Profit after corporate income tax


106,794 137,451

Basic earnings per share


615 952

Diluted earnings per share


615 952

3. Ratio Analysis for 2 Years


A.Liquidity Ratios
1. Current Ratio
Formula: Current Assets/Current Liabilities
Meaning: A higher ratio indicates better short-term financial health.
2. Quick Ratio
Formula: (Current Assets - Inventory) / Current Liabilities
Meaning: This ratio provides a more rigorous measure of liquidity.
B. Asset Management Ratios
1. Accounts Receivable Turnover Ratio
Formula: Net Credit Sales / Average Accounts Receivable
Meaning: A higher ratio indicates efficient collection of debts.
2. Inventory Turnover Ratio
Formula: Cost of Goods Sold/Average Inventory
Meaning: A higher ratio indicates efficient inventory management.
C. Debt Management Ratios
1. Debt to Equity Ratio
Formula: Total Debt / Equity
Meaning: A higher ratio indicates more leverage and financial risk.
2. Interest Coverage Ratio
Formula: EBIT / Interest Expense
Meaning: A higher ratio indicates better ability to pay interest.
D. Profitability Ratios
1. Net Profit Margin
Formula: Net Profit / Revenue
Meaning: A higher profit margin indicates better profitability.
2. Return on Assets (ROA)
Formula: Net Profit / Total Assets
Meaning: A higher ROA indicates efficient use of assets to generate profits.

4. Horizontal Analysis

Item Amount 2023 Amount 2024 Change ($) Change(%)


Total Assets X Y Y-X (Y-X)/X*100
Total A B B-A (B-A)/A*100
liabilities
Revenue C D D-C (D-C)/C

Item Amount Amount Change Change


2023 2024 ($) (%)
Total Assets 2,081,674 2,177,763 96,089 4,615,948,51
1
Total 886,177 794,842 91,335 1,030,663,17
Liabilities 5
Revenue 3,348,672 3,856,545 509,873 1,522,612,54
6
5. Vertical Analysis

Ratio Fomula and Compution Implication and Analysis


Liquidity Ratios Current Ratio and Quick
Ratios
Current Ratio Current Asset/Current
Liabilities
Quick Asset Ratio (Current Asset- Inventory)/
Current Liabilities
Asset Management Ratios Gross Profit Margin and Net
Profit Margin
Account receivable Turnover Iventory Turnover Ratio and
Asset Turnover Ratio

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