H v tn : L Th M Hu

M SV: 10050036
Lp: K55 K Ton
Bi tp c nhn
Ti chnh doanh nghip
Phn tch bo co ti chnh cng ty C phn Cao su nng nm 2008
CNG TY C PHN CAO SU NNG
01 L Vn Hin, Qun Ng Hnh Sn, Thnh ph Nng
ngy 31/12/2008
BNG CN I K TON
Ngy 31 thng 12 nm 2008

BO CO TI CHNH
Cho nm ti chnh kt thc
Mu s B
01-DN
Ban hnh theo Q s
15/2006/Q -BTC ngy
20/03/2006 ca B
trng BTC
31/12/2008
VND

31/12/2007
VND

A
I
1
2
II
1
2

M Thuy

t
s
TI SN NGN HN
100
Tin v cc khon tng ng
110
5
tin
Tin
111
Cc khon tng ng tin
112
Cc khon u t ti chnh ngn
120
6
hn
u t ngn hn
121
D phng gim gi u t ngn hn 129

429.046.461.4
57
14.761.063.7
10
14.761.063.7

437.692.790.4
36.039.498.8
88
36.039.498.8
-

III
1
2
5
IV
1
2
V
1
2
3
4

Cc khon phi thu ngn hn

Phi thu ca khch hng
Tr trc cho ngi bn
Cc khon phi thu khc
Hng tn kho
Hng tn kho
D phng gim gi hng tn kho
Ti sn ngn hn khc
Chi ph tr trc ngn hn
Thu GTGT c khu tr
Thu v cc khon khc phi thu
Ti sn ngn hn khc

130
131
132
135
140
141
149
150
151
152
154
158

120.863.874.6
52
64.957.188.9
54.941.076.8
965.608.86
281.718.053.5
77
288.183.186.5
(6.465.133.00
2.703.469.5
18635.776.00
1.316.449.1
1.159.50
750.084.89

151.669.643.9
76
69.540.816.8
80.937.369.9
1.191.457.1
240.136.588.7
98
240.312.459.7
(175.871.00
9.847.058.8
35
2.786.057.0
6.349.211.6
312.356.39
399.433.75

B
I
II
1

TI SN DI HN
Cc khon phi thu di hn
Ti sn c nh
Ti sn c nh hu hnh
- Nguyn gi
- Gi tr hao mn ly k
Ti sn c nh v hnh
- Nguyn gi
- Gi tr hao mn ly k

200
210
220
221
222
223
227
228
229

185.472.062.6
72
179.165.655.4
61
156.485.910.5
547.746.610.9
(391.260.700.3
3.245.227.1
3.265.845.5
(20.618.39

146.714.755.4
94
142.813.280.1
64
140.181.317.8
503.124.725.2
(362.943.407.45
791.638.56
791.638.56
-

TI SN

7
8

9
10

11
12

9.000.000.0
00
9.000.000.0

4
III
IV
1
2
V
1
2

Chi ph xy dng c bn d dang

Bt ng sn u t
Cc khon u t ti chnh di
hn t vo cng ty con
u
u t vo cng ty lin kt, lin
Ti sn di hn khc
Chi ph tr trc di hn
Ti sn thu thu nhp hon li

230
240
250
251
252
260
261
262

TNG CNG TI SN

270

NGUN VN

13

19.434.517.8

14

6.306.407.2
11
6.306.407.2

Thuy
t

614.518.524.1
29
31/12/2008
VND

1.840.323.8
716.296.33
0
716.296.33
3.185.179.0
00
3.185.179.0
584.407.545.9
91
31/12/2007
VND

Cc Thuyt minh km theo t trang 8 n trang 20 l b phn hp th nh cc Bo co ti chnh

ny
BNG CN I K TON (TIP THEO)
Ngy 31 thng 12 nm 2008
A
I
1
2
3
4
5
6
9
II
4
6

N PHI TR
N ngn hn
Vay v n ngn hn
Phi tr cho ngi bn
Ngi mua tr tin trc
Thu v cc khon phi np Nh
Phi tr ngi lao ng
Chi ph phi tr
Cc khon phi tr, phi np
ngn hn khc
N di hn
Vay v n di hn
D phng tr cp mt vic lm

300
310
311
312
313
314
315
316
319
330
334
336

B VN CH S HU
I
Vn ch s hu
1
Vn u t ca ch s hu
2
Thng d vn c phn
7
Qu u t pht trin
8
Qu d phng ti chnh
10 Li nhun sau thu cha phn phi
II Ngun kinh ph v qu khc
1 Qu khen thng, phc li
2
Ngun kinh ph

400
410
411
412
417
418
420
430
431
432

TNG CNG NGUN VN

440

Tng Gim c
inh Ngc m

15
16
17
18
19

10

K ton trng
Phm Th Thoa

398.490.405.2
16
303.161.069.0
47
271.803.071.9
11.286.868.6
3.909.005.1
573.09
13.567.819.9

375.874.139.9
12
261.801.996.6
75
224.826.141.9
16.600.679.1
2.061.490.9
48.943.24
15.038.742.9
246.000.00

2.593.730.2
95.329.336.1
69
94.522.191.0
807.145.08

2.979.998.4
114.072.143.2
37
113.560.626.3
511.516.92

216.028.118.9
13
216.685.819.4
86
153.846.240.0
3.281.000.0
927.059.90
4.544.862.2
54.086.657.3
(657.700.57
3)
(657.700.57

208.533.406.0
79
208.596.043.2
50
130.385.520.0
3.281.000.0
1.993.630.0
1.993.630.0
70.942.263.2
(62.637.17
1)
(62.637.17
-

614.518.524.1
29

584.407.545.9
91

Ngi lp biu
Nguyn Th Minh Thu

Nng, ngy 18 thng 02 nm 2009

Trang 4/20

BO CO KT QU KINH DOANH
Cho nm ti chnh kt thc ngy
Ch tiu

1.
2.
3.
4.
5.

Doanh thu bn hng v cung cp dch

Cc khon gim tr
Doanh thu thun v bn hng v CC
Gi vn hng bn
Li nhun gp v bn hng v cc
dch v

Mu s B
02-DN
M Thuyt
s minh

Nm
2008
VND

Nm
2007VND

01
02
10
11
20

21
21
21
22

1.317.074.770.3
26.557.127.3
1.290.517.642.9
1.133.436.423.7
157.081.219.2
77

1.182.137.531.9
12.356.868.7
1.169.780.663.1
1.029.410.857.1
140.369.805.9
90

6.
7.

Doanh thu hot ng ti chnh

Chi ph hot ng ti chnh
Trong : Li vay
8. Chi ph bn hng
9. Chi ph qun l doanh nghip
10. Li nhun thun t hot ng kinh
doanh

21
22
23
24
25
30

23
24

10.088.689.2
65.206.137.6
44.843.470.4
34.020.242.9
19.842.423.5
48.101.104.4
37

1.704.908.21
25.022.125.5
22.105.450.2
25.904.721.6
17.378.986.1
73.768.880.8
10

11. Thu nhp khc

12. Chi ph khc
13. Li nhun khc

31
32
40

14. Tng li nhun k ton trc thu

15. Chi ph thu TNDN hin hnh
16. Chi ph thu TNDN hon li
17. Li nhun sau thu TNDN
18. Li c bn trn c phiu
31/12/2008

50
51
52
60
70

3.837.569.7
149.510.36
3.688.059.4
29
51.789.163.8
66

4.029.899.61
6.931.217.44
(2.901.317.82
6)
70.867.562.9
84

25
25
25
26

51.789.163.8
70.867.562.9
66
84
3.366
5.435
Ban hnh theo Q s
15/2006/Q-BTC ngy
20/03/2006 ca B
trng

Tng Gim c

K ton trng

inh Ngc m

Phm Th Thoa

Ngi lp biu
Nguyn Th MinhThu

Nng, ngy 18 thng 02 nm 2009

Cc Thuyt minh km theo t trang 8 n trang 20 l b phn hp th nh cc Bo co

ti chnh ny
Trang 6/20

Bng phn tch cc t s

Cc t s

Nm 2007

Nm 2008

2008/2007

Hin thi

1.672

1.415

84.6

Nhanh

0.755

0.486

64.42

Vng quay tn kho

4.287

4.121

96.13

K thu tin bnh

qun

46.676

33.718

72.24

Vng quay ti sn
c nh

8.191

7.203

87.94

Vng quay tng ti

sn

2.002

2.118

105.82

0.643

0.654

101.7

Thanh khon

Qun l ti sn

Qun l n
T s n

Sinh li
Li nhun trn
doanh thu
Kh nng sinh li
cn bn

12.13%

8.43%

143.9

ROA

0.121

0.076

62.91

ROE

0.34

0.221

64.91

Phn tch bo co ti chnh

1. Phn tch s bin ng ca ti sn
Qua bng phn tch tr n ta nhn thy tng ti sn ca cng Ty cao s u RC nm 2008
tng so vi nm 2007 l 24,839,127,626 ng tc l tng 4,25%.
+ Ti sn ngn hn
Ta thy ti sn ngn nm 2008 gim so vi nm 2007 n gim 3,19% t ng ng
vi lng tin l 13.956.179.552 ng. Trong nm 2008, ti s n ngn hn gim
xung, s ng ca h ng ha nhiu th hin ch h ng tn kho tng ln. Trong
nm 2008, cng ty c lng tn kho rt cao, nh vy s lm tn ng vn. Nh
vy,ta c th thy qua nm 2008 , cng ty m rng cc khon bn tn dng li
ko khch hng, iu ny cng ty thnh cng khi doanh thu thu n ca nm
2008 c tng 10,32% so vi nm 2007, y l mt iu rt c gn g ca cng ty, v
trong nm 2008 c rt nhiu s bin ng v gi v cht lng i vi cc cng
ty kinh doanh lnh vc ny.
+ Ti sn di hn
Ti sn di hn nm 2008 tng 26,44 % so vi nm 2007, tng m t lng
38,795,307,178 ng. Nguyn nhn ca s bin ng n y l do ti sn c nh
nm 2008 tng 25,45 % so v i nm 2007, v ti sn di hn khc nm 2008 tng
99,19% so vi nm 2007, mc d ti sn c nh v ti sn di hn khc tng ln rt
nhiu, nhng cc khon phi thu v cc khon u t di hn khng tng m co chi
u hng gim, v th ti sn di hn ch tng 26,44 %.
Ta thy ch yu l ti sn c nh ca cng ty tng, c s vt cht ca cng ty
c tng cng, qui m v sn xut c m rng, iu n y cng chng t
l l chi ph xy d ng c bn d dang qua 2 nm tng ln mt cch mnh m.
Trong khi cng ty li gim i cc khon u t di hn, v th, cng ty s mt i

mt lng li tc trong d i hn cho doanh nghip. Qua 2 nm, cng ty gim i

cc khon phi thu di hn, v th cng ty s khng b chim dng vn lu.
2. Phn tch s bin ng ca ngun
vn
Ngun vn ca cng ty RC nm 2008 tng 4,25% so vi nm 2007, t ng ng
vi lng tng l 24,839,127,626 ng.
+ N phi tr
N phi tr 2008 tng so vi 2007 l 6,03%, tng ng vi lng tng l
22,652,389,782 ng, Kt hp vi phn tch d c th NPT trong nm 2007 chi
m
64,32% trong tng ngun vn, v tng ngun vn ca nm 2008 tng l n nn
lm cho NPT dich chuy n tng ln v chim 65,41%. Nguyn nhn c a s bin
ng n y l do n ngn hn tng v n di hn gim, trong n ngn hn nm
2008 tng 15,81% so vi nm 2007, v n di hn gim 16,43%, nhng t trng ca
n di hn nm 2008 tng ln t 44,8% ln 49,77% v n ngn hn gim t
19,52% xung c n 15,65%.
+ Vn ch s hu
Nhn vo bng ta thy rng, vn ch s hu nm 20 08 tng 1,05% so v i nm
2007 tng ng vi s tin l 2,186,737,844 , nhng theo phn tch d c ta thy
nm 2007 VCSH chim 35,68% trong tng ngun vn, nm 2008 VCSH chim
34,59%. S d c s gim ny l do VCSH nm 2008 tng nhng s tng t hn so
vi S tng ca tng ngun vn.
3. Phn tch doanh thu v chi ph
Doanh thu thun v bn hng v cung cp dch v ca cng ty cao su Nng
tng 10,32% trong Ga vn hng bn nm 2008 tng 10,36% so vi nm 2007.chi
ph bo him 31,33% v chi ph Qun l doanh nghip tng 34,41%. Li nhun t
Hot ng kinh doanh gim 42,09%. LNST gim 34,41%.
4. Phn tch cc thng s ti chnh
Qua bng phn tch cc t s ta thy
ROE ca DRC qua 2 nm 2007 v 2008 u thp, iu ny chng t hiu sut t i
chnh ca cng ty thp v iu ny lm cho cng ty km h p dn i vi cc
nh u t.
Nguyn nhn nhn l do ROA c a cng ty thp t 0,12 trong nm 2007 xung c n
0,07 trong n m 2008. V t bng thng s ta cng thy rng tc gim ca ROA
nhanh h n tc gim ca ROE. Mc d , s nhn vn ch ca nm 2008 tng so
vi nm 2007, nh ng tc tng thp trong khi tc tng ca ROA nhanh v
vy lm cho ROE c a cng ty gim. S nhn vn ch ca th hin thng s n,

thng s n ca cng ty trong nm 2008 tng h n so vi nm 2007. iu ny cng

th hin phn tch khi, n phi tr ca nm 2007 chim 64.32% trn tng ngun
vn, nm 2008 th n phi tr chim 65.41% tr n tng ngun vn. T y ta thy
rng, cng ngy cng ty tng cc khon n.
ROE, v ROA cn lin quan n vng quay ti sn v kh nng sinh li cn
bn.Vng quay ti sn ca cng ty trong nm 2008 tng h n so vi nm 2007 v
cao hn so vi ngnh, nhng kh nng sinh li cn bn ca cng ty trong nm
2008 li c xu hng gim so vi nm 2007 t 12,13% trong nm 2007 xung cn
8,43% trong nm 2008 v thp hn so vi ngnh rt nhiu. iu ny cho ta thy
vng quay ti sn c ci thin nh ng kh nng sinh li cn bn c xu hng gim
m tc gim nhanh, v vy ROA v ROE ca cng ty c xu h ng gim. Vi xu h
ng gim ca ROA v ROE th s nh hng n gi ca c phiu v gi c phiu
ca cng ty gim.