Video: Analysis of Corporate Financial Statements
Complete document of the case: 20 1 1 annual report of Zhuhai Gree Electric co., ltd.
Familiar with the relationship between the main business activities and financial statements of enterprises.
Familiar with the main contents of three basic financial statements
Look at strategy, competitiveness, income and prospect, and identify risks through statements.
Four basic financial statements:
1, balance sheet
2. Income statement
3. Cash flow statement
4. Statement of changes in shareholders' equity
Case: Gree Electric 20 1 1 financial statements.
Focus on the first three items.
A report that reflects the resource status of an enterprise at a specific time, including assets, liabilities and shareholders' equity.
Basic relationship: assets = liabilities+shareholders' equity
Case:
Economic resources that can be expressed in money are part of enterprise resources (non-monetary resources, such as brand and human resources, are not visible in the report).
Divided into current assets and non-current assets according to the status quo.
Current assets refer to assets that can be realized within one year (one business cycle), including monetary funds, creditor's rights (receivables, prepayments) and inventories.
Non-current assets refer to assets that can be converted into money in more than one year (one business cycle), including long-term investments, fixed assets and intangible assets.
According to the way of contribution to profits, it is divided into (this classification is of great significance): operating assets and investment assets.
Operating assets: currency, creditor's rights, inventory, fixed assets and intangible assets.
Investment assets: available-for-sale financial assets, held-to-maturity investments, long-term equity investments and trading financial assets.
The rights and interests of enterprise resources belong to creditors and shareholders, which are reflected in the statements as liabilities and shareholders' rights and interests. The change of asset form does not affect the change of liabilities and the value of shareholders' equity.
Divided into current liabilities and non-current liabilities according to the length of repayment period.
Capital contribution by shareholders: paid-in capital (share capital) and capital reserve?
Profit accumulation: surplus reserve and undistributed profit.
Non-profit asset appreciation, that is, unrecorded asset appreciation, such as non-transactional real estate appreciation.
Reflect the profit and loss of enterprises in a certain period of time.
Basic relationship: income-expense = net income
Case:
Income: factors or items that increase profits, such as operating income and investment income, ...
Expenses: factors or items that reduce profits, such as income tax, operating costs, asset impairment losses, ...
Reflect the changes of cash and cash equivalents in a certain period.
It is divided into three categories: business activities, investment activities and fund-raising activities?
Basic relationship: cash inflow-cash outflow = net cash flow
Case:
Balance sheet: resource structure and ownership of rights and interests, strength and foundation of enterprises.
Income statement: the income in a certain period, the ability and face of the enterprise.
Cash flow statement: emphasize how the money comes from, how it is spent, and the vitality and days of the enterprise.