ФИНАНСОВАЯ ОТЧЕТНОСТЬ. просмотров: 523
Financial results of 1999 of JSC XXX considerably differ from the previous reporting period. So, the balance sheet total more than twice increased. The increase in balance assets occurred for the account:
- increase in a share of short-term financial investments (34% of balance assets of 1999 against 8,3% of balance assets of 1998);
- increase in a share of money (54% of balance assets of 1999 against 15% of balance assets of 1998).
It should be noted that the specified assets are highly liquid and these indicators were reflected in a liquidity assessment as to a solvency basis. Following the results of a year, the absolute liquidity index made 1,55 at standard value 0,2 - 0,5; the critical coefficient of liquidity is equal 1,6 at standard value 1.
The analysis of receivables shows that absolute value of this asset decreased by 6 times. Relative indicators make:
- turnover of current assets 4,20; - turnover of money 8,30.
Such values of relative indicators really reflect temporary stages of passing of transactions with securities. Improvement of these indicators is possible at improvement of work of all infrastructure of stock market.
Change of the sum of liabilities was influenced first of all by change of accounts payable (57% of balance liabilities of 1999 against 14% of balance liabilities of 1998). Growth of accounts payable is explained by increase in turnovers of broker contracts with clients in connection with improvement of a situation in stock market in general. In comparison with the similar period of last year the volume of revenue of the company increased almost by 14 times at proportional increase in prime cost of the realized assets. Following the results of a year the profit on financial and economic activity and retained earnings in comparison with the basic period increased in 12 and 11 times respectively. Management expenses increased by only 2,2 times.
Financial results of work of the Company are characterized by the following relative indicators:
- the general profitability of own capital - 0,82;
- true profitability of own capital - 0,58.