TCL集团财务报表分析培训资料

1、Good is good, but better carries it.精益求精，善益求善。TCL集团财务报表分析-TCL集团资产负债表趋势分析TCL集团(000100)资产负债表水平分析表项目2010-12-31（单位：元）2009-12-31（单位：元）变动额变动%流动资产货币资金25946400000.009641990000.0016304410000.00169.10%交易性金融资产410166000.0030753700.00379412300.001233.71%应收票据2567260000.00954003000.001613257000.00169.10%应收账款554162

2、0000.005741030000.00(199410000.00)-3.47%预付款项669931000.00628892000.0041039000.006.53%应收利息143533000.0018769000.00124764000.00664.73%其他应收款1558480000.00950357000.00608123000.0063.99%存货7688760000.006636080000.001052680000.0015.86%流动资产合计44526100000.0024601900000.0019924200000.0080.99%非流动资产持有至到期投资2121500.0

3、00.002121500.00100.00%长期股权投资1236620000.00867267000.00369353000.0042.59%投资性房地产733308000.00248205000.00485103000.00195.44%固定资产原值5577920000.005772040000.00(194120000.00)-3.36%累计折旧2545090000.002595370000.00(50280000.00)-1.94%固定资产净值3032830000.003176670000.00(143840000.00)-4.53%固定资产减值准备152320000.001076200

4、00.0044700000.0041.54%固定资产净额2880510000.003069050000.00(188540000.00)-6.14%在建工程2040360000.00436652000.001603708000.00367.27%无形资产893724000.00419033000.00474691000.00113.28%开发支出55326000.0038883300.0016442700.0042.29%商誉562046000.00440127000.00121919000.0027.70%长期待摊费用50587800.0040741200.009846600.0024.17

5、%递延所得税资产57663000.0037244600.0020418400.0054.82%其他非流动资产439680000.0035375500.00404304500.001142.89%非流动资产合计8951940000.005632580000.003319360000.0058.93%资产总计53478100000.0030234400000.0023243700000.0076.88%流动负债短期借005013670000.008444130000.00168.42%吸收存款及同业存放108824000.00116858000.00(8034000.00

6、)-6.88%拆入资金480000000.00150000000.00330000000.00220.00%交易性金融负债175064000.006798350.00168265650.002475.10%应付票据1698210000.001336150000.00362060000.0027.10%应付账款6653100000.006805330000.00(152230000.00)-2.24%预收款项1238640000.00757751000.00480889000.0063.46%应付职工薪酬613145000.00495560000.00117585000.0023.73%应交税费

7、(28793500.00)(37680300.00)8886800.00-23.58%应付利息71435600.0015521700.0055913900.00360.23%应付股利1116550.001116140.00410.000.04%其他应付款3613480000.003800790000.00(187310000.00)-4.93%一年内到期的非流动负债1492000000.00192680000.001299320000.00674.34%其他流动负债943058000.00764643000.00178415000.0023.33%流动负债合计30517100000.00194

8、19200000.0011097900000.0057.15%非流动负债长期借款1929290000.002074420000.00(145130000.00)-7.00%应付债券1975500000.000.001975500000.00100.00%长期应付款16681000.0019588800.00(2907800.00)-14.84%递延所得税负债22945900.0010403100.0012542800.00120.57%其他非流动负债924113000.00282424000.00641689000.00227.21%非流动负债合计4868530000.002386830000

9、.002481700000.00103.97%负债合计35385600000.0021806000000.0013579600000.0062.27%所有者权益实收资本(或股本)4238110000.002936930000.001301180000.0044.30%资本公积5694300000.002451170000.003243130000.00132.31%盈余公积567053000.00567053000.000.000.00%一般风险准备360766.00360766.000.000.00%未分配利润(241699000.00)(674237000.00)432538000.00-

10、64.15%外币报表折算差额16217600.0011342400.004875200.0042.98%归属于母公司股东权益合计10274300000.005292620000.004981680000.0094.13%少数股东权益7818090000.003135810000.004682280000.00149.32%所有者权益(或股东权益)合008428430000.009663970000.00114.66%负债和所有者权益(或股东权益)总计53478100000.0030234400000.0023243700000.0076.88%水平分析一、总资产变动情

11、况1、流动资产本期增加1992420万元，增长的幅度为80.99%。非流动资产本期增加了331936万元，增长的幅度为58.93%，两者合计使总资产增长了2324370万元，增长幅度为76.88%。2、本期总资产的增长主要体现在流动资产的增长上，原因是货币资金以及应收票据与存货的增加。货币资金本期增长1630441万元，增长幅度为169.10%。应收票据本期增长161325万元，增长幅度为169.10%。而应收账款减少可能原因是结算方式是以承兑的方式。在建工程的增加，存货的增加，说明企业加大了生产能力。3.在非流动资产项目中，在建工程增长160370.8万元，增长幅度为367.27%。无形资产

12、与投资性房地产分别增长113.28%与195.44%也对非流动资产产生了影响。二、权益总额的变动情况1、负债本期增加1357960万元，增长的幅度为62.27%；股东权益本期增加了966397万元，增长的幅度为114.66%，两者合计使权益总额本期增加了2324370万元，增长幅度为76.88%。2、本期权益总额增长主要体现在负债的增长上，流动负债是其主要方面。流动负债本期增加1109790万元，增长幅度为57.15%，可能导致公司偿债压力的加大及财务风险的增加。流动负债增长主要表现在两个方面：一是短期借款，本期增加844413万元。二是一年内到期的非流动负债的增加应付账款本期增加了12993

13、2万元。这些项目的增长将给企业带来巨大的偿债压力，如不能按期支付，会对企业的信用产生不良影响。应交税费本期减少了888.68万元，反映企业今年营业收入的减少。非流动负债本期增长了248170万元，增长幅度为103.97%。主要变动原因是应付债券，应付债券本期增长了197550万元，增长幅度为103.97%。3、股东权益本期增加966397万元，增长幅度为114.66%。主要变动原因是归属于母公司股东权益合计与少数股东权益增长。其中归属于母公司股东权益合计增长了498168万元，增长幅度为94.13%。TCL集团(000100)资产负债表垂直分析表项目2010-12-31（单位：元）2009-1

14、2-31（单位：元）结构2010结构2009变动情况%流动资产货币资金25946400000.009641990000.0048.52%31.89%16.63%交易性金融资产410166000.0030753700.000.77%0.10%0.67%应收票据2567260000.00954003000.004.80%3.16%1.65%应收账款5541620000.005741030000.0010.36%18.99%-8.63%预付款项669931000.00628892000.001.25%2.08%-0.83%应收利息143533000.0018769000.000.27%0.06%0.

15、21%其他应收款1558480000.00950357000.002.91%3.14%-0.23%存货7688760000.006636080000.0014.38%21.95%-7.57%流动资产合计44526100000.0024601900000.0083.26%81.37%1.89%非流动资产持有至到期投资2121500.000.000.00%0.00%0.00%长期股权投资1236620000.00867267000.002.31%2.87%-0.56%投资性房地产733308000.00248205000.001.37%0.82%0.55%固定资产原值5577920000.0057

16、72040000.0010.43%19.09%-8.66%累计折旧2545090000.002595370000.004.76%8.58%-3.83%固定资产净值3032830000.003176670000.005.67%10.51%-4.84%固定资产减值准备152320000.00107620000.000.28%0.36%-0.07%固定资产净额2880510000.003069050000.005.39%10.15%-4.76%在建工程2040360000.00436652000.003.82%1.44%2.37%无形资产893724000.00419033000.001.67%1.

17、39%0.29%开发支出55326000.0038883300.000.10%0.13%-0.03%商誉562046000.00440127000.001.05%1.46%-0.40%长期待摊费用50587800.0040741200.000.09%0.13%-0.04%递延所得税资产57663000.0037244600.000.11%0.12%-0.02%其他非流动资产439680000.0035375500.000.82%0.12%0.71%非流动资产合计8951940000.005632580000.0016.74%18.63%-1.89%资产总计53478100000.0030234

18、400000.00100.00%100.00%0.00%流动负债短期借005013670000.0025.17%16.58%8.58%吸收存款及同业存放108824000.00116858000.000.20%0.39%-0.18%拆入资金480000000.00150000000.000.90%0.50%0.40%交易性金融负债175064000.006798350.000.33%0.02%0.30%应付票据1698210000.001336150000.003.18%4.42%-1.24%应付账款6653100000.006805330000.0012.44%22

19、.51%-10.07%预收款项1238640000.00757751000.002.32%2.51%-0.19%应付职工薪酬613145000.00495560000.001.15%1.64%-0.49%应交税费(28793500.00)(37680300.00)-0.05%-0.12%0.07%应付利息71435600.0015521700.000.13%0.05%0.08%应付股利1116550.001116140.000.00%0.00%0.00%其他应付款3613480000.003800790000.006.76%12.57%-5.81%一年内到期的非流动负债1492000000.0

20、0192680000.002.79%0.64%2.15%其他流动负债943058000.00764643000.001.76%2.53%-0.77%流动负债合计30517100000.0019419200000.0057.06%64.23%-7.16%非流动负债长期借款1929290000.002074420000.003.61%6.86%-3.25%应付债券1975500000.000.003.69%0.00%3.69%长期应付款16681000.0019588800.000.03%0.06%-0.03%递延所得税负债22945900.0010403100.000.04%0.03%0.01%

21、其他非流动负债924113000.00282424000.001.73%0.93%0.79%非流动负债合计4868530000.002386830000.009.10%7.89%1.21%负债合计35385600000.0021806000000.0066.17%72.12%-5.95%所有者权益实收资本(或股本)4238110000.002936930000.007.92%9.71%-1.79%资本公积5694300000.002451170000.0010.65%8.11%2.54%盈余公积567053000.00567053000.001.06%1.88%-0.82%一般风险准备3607

22、66.00360766.000.00%0.00%0.00%未分配利润(241699000.00)(674237000.00)-0.45%-2.23%1.78%外币报表折算差额16217600.0011342400.000.03%0.04%-0.01%归属于母公司股东权益合计10274300000.005292620000.0019.21%17.51%1.71%少数股东权益7818090000.003135810000.0014.62%10.37%4.25%所有者权益(或股东权益)合008428430000.0033.83%27.88%5.95%负债和所有者权益(或股东权益)总计53478100000.0030234400000.00100.00%100.00%0.00%垂直分析一、资产结构分析本期该企业流动资产比重为83.26%,而非流动资产的比重仅为16.74%,该企业资产流动性较强,资产风险较小。本期该企业流动资产的比重上升了1.89%，非流动资产的比重下降了1.89%。除货币资金上升了16.63%，应收账款下降了