2009年贵州茅台管理用财务报表分析.doc

管理用资产负债表2009年12月31日编制单位：贵州茅台酒股份有限公司单位：万元 币种：人民币净经营资产年末余额年初余额净负债及股东权益年末余额年初余额经营性流动资产：金融负债：货币资金（经营）9,743,152,155.248,093,721,891.16金融负债合计00应收票据（经营）380,760,283.20 170,612,609.00金融资产：应收账款21,386,314.28 34,825,094.84应收利息1912600.002783550.00预付款项1,203,126,087.16 741,638,536.34持有至到期投资10000000.0042000000.00其他应收款96,001,483.15 82,601,388.17金融资产合计1191260044783550存货4,192,246,440.36 3,114,567,813.33净负债-11912600-44783550一年内到期的非流动资产17,000,000.00经营性流动资产合计15,653,672,763.3912,237,967,332.84经营性流动负债：应付账款139,121,352.45 121,289,073.57预收款项3,516,423,880.20 2,936,266,375.10应付职工薪酬463,948,636.85 361,007,478.77应缴税费140,524,984.34 256,300,257.23应付股利137,207,662.62其他应付款710,831,237.05 575,906,355.73经营性流动负债合计5,108,057,753.514,250,769,540.40经营营运资本10,545,615,009.88 7,987,197,792.44 经营性长期资产：长期股权投资4,000,000.00 4,000,000.00固定资产3,168,725,156.29 2,190,171,911.89在建工程193,956,334.39 582,860,996.70工程物资24,915,041.53 62,368,950.89无形资产465,550,825.17 445,207,595.72股东权益：长期待摊费用21,469,624.81 10,146,520.77实收资本943,800,000.00 943,800,000.00递延所得税资产225,420,802.14 176,680,977.54资本公积1,374,964,415.72 1,374,964,415.72经营性长期资产合计4,104,037,784.333,471,436,953.51减：库存股经营性长期负债：盈余公积1,585,666,147.40 1,001,133,829.72专项应付款10,000,000.00未分配利润10,561,552,279.69 7,924,671,271.03经营性长期负债合计10,000,000.00少数股东权益185,582,551.40 258,848,779.48净经营性长期资产4,094,037,784.33 3,471,436,953.51股东权益合计14,651,565,394.21 11,503,418,295.95净经营资产总计14,639,652,794.21 11,458,634,745.95 净负债及股东权益总计14,639,652,794.21 11,458,634,745.95 管理用利润表2009年12月31日编制单位：贵州茅台酒股份有限公司单位：万元 币种：人民币项目本期金额上期金额经营损益：一、营业收入9,669,999,065.39 8,241,685,564.11 减：营业成本950,672,855.27 799,713,319.24二、毛利8,719,326,210.12 7,441,972,244.87 减：营业税金及附加940,508,549.66 681,761,604.71 销售费用621,284,334.75 532,024,659.80 管理费用1,217,158,463.04 941,174,062.44 资产减值损失-300,085.01 450,078.22三、税前营业利润5,940,674,947.68 5,286,561,839.7 加：营业外收入6,247,977.00 6,282,035.79 减：营业外支出1,228,603.08 11,366,252.66四、税前经营利润5,945,694,321.6 5,281,477,622.83 减：经营利润所得税14937728711357848774五、税后经营净利润4,451,921,450.20 3,923,628,849.10043 金融损益六、利息费用-134,845,563.04 -103,823,015.33 减：利息费用抵税-33878069.24-26692521.32七、税后利息费用-100,967,493.801518 -77,130,494.0095731 八、净利润4,552,888,944.00 4,000,759,343.11 附注：平均所得税税率25.12%25.71%管理用现金流量表2009年12月31日编制单位：贵州茅台酒股份有限公司单位：万元 币种：人民币项目本年金额上年金额（略）经营活动现金流量：税后经营净利润4,451,921,450.20加：折旧与摊销207,567,308.42=经营现金毛流量4,659,488,758.62 减：经营营运资本增加2,558,417,217.44 =营业现金净流量2,101,071,541.18 减：经营性长期资产增加622,600,830.82 折旧与摊销207,567,308.42=实体现金流量1,270,903,401.94 金融活动现金流量：税后利息费用-100,967,493.801518减：净负债增加32870950=债务现金流量-133,838,443.801518 股利分配1,404,741,845.74减：股权资本净增加0=股权现金流量1,404,741,845.74融资现金流量1,270,903,401.93848 管理用财务分析权益净利率=净经营资产净利率（净经营资产净利率税后利息率）（净负债所有者权益） =净经营资产净利率经营差异率净财务杠杆 =净经营资产净利率杠杆贡献率其中：净经营资产净利率=税后经营净利润净经营资产 =4,451,921,450.2014,639,652,794.21 =30.41% 税后利息率=税后利息净负债 = -100,967,493.801518-11912600 =847.57% 净财务杠杆=净负债股东权益 =-1191260014,651,5