Financial Statement Analysis
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( ): balance sheet ( ) . :Income Statement .
:Cash Flow . : .
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( + ) ( )
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( + ) ( )
:
1000000 ( + ) 900000 200000 ( ) 300000
1000000 200000 ( ) 1200000
(Working capital) = =
:: .
:
: .
600000 500000 200000 400000 300000
/1/:
:
:
:= = (500000 + 200000) 600000 = 100000 := = (400000 300000) =
100000
600000 500000 100000 400000 400000
/2/: :
: = (500000 + 100000) 600000 = 0 = (400000 400000) = 0
:
600000 400000 100000 400000 500000
/3/: :
: = (400000 + 100000) 600000 = - 100000
= (400000 500000) = - 100000
:
/100000/ .
(Private working capital) = = ( )
:
: .
: .
: .
600000 700000 ( )400000 100000 200000
/1/: ::
: = ( ) = (700000 600000) = 100000 = ( + )= 400000 (100000 +
200000) = 100000 = + = 200000
600000 600000 ( )400000 100000 300000
/2/: :
= (600000 600000) = 0
= 400000 (100000 + 300000) = 0
:
100000 .
600000 400000 ( )400000 100000 500000
/3/: :
: = 400000 600000 = - 200000 = 400000 (100000 + 500000) = -
200000
:
- (External working capital) = = : : : :
, . , .
: : . : . : .: .": .": . .
_ : . .
:. : : 50% . .
. .
2- :. : : . = :
. . = . : : : : " .
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=
.
: = " . .
: . = . 30% 30% 70% . . .
. : : = .. : : = . : : = .
: :. = . 2 :1 .
:. = .(-) . .
. ( ) :
=
: .
/ : : = ( ) .
: : . + .. . ( ) . .
. : = 5. = .
. : :
= = 360 10 10 36 .
=
: : . = . = 360 . .
.
. = . = 360 .
.
.
:- . - . - .- .- . .
: = = ( )= + ( 1): : . : . : . 1: . : ( )- ( 1) = ( - 1) =
: = ( ) () ( )1
:
CVP, GraphicallyTotal costs line
Operating loss area
Breakeven point = 25 units
Total costs line
Operating loss
Operating income
Breakeven point
Total revenues line
Operating incomeVariable costsFixed costs
=
=
100. 200000 80.. : - - 8000 , 10000 12000 = 200000/(100-80) =
10000 8000-10000-12000
12000 10000 8000 12000001000000800000960000800000640000
240000200000160000 / 200000200000200000 400000-40000
:
= ( ) . 1:(8000 10000) 20 = - 40000 2:(10000 10000) 20 = 0
3:(12000 10000) 20 = 40000 = =100 80 = 20 .
:
%=
30000 100% 80% 225000 . 40 . 25 . . : = 225000 = 15000 40 -25
15000
%= : = ( 80% ) = (80% 30000) 40= 960000 = (80% ) 1= (80% 30000)
25= 600000
= 22500080% 960000 -600000= 180000 = 50 % 360000
50 % 80% . :
600000(50% 30000) 40375000(50% 30000) 25 225000 225000
, 60% . .
:
= ( 60% ) = (60% 30000) 40= 720000 = (60% ) 1= (60% 30000) 25=
450000 = 22500060% 720000 -450000
= 135000 = 50 % 270000
. , . : . .
: .
: : : =
: : =
: =
: =
: , . , 2 2 100% 200%.
: ( ) . .
: :
18000 1800000 1080000 60 %720000 600000 120000
: 25% 50% 75% 100% : 40000 18000 27000 40000 18000 27000
=
= 720000/ 120000 = 6 6 100% 600 %
25% 50% 75% 100% .
100%75%50%25%3600000315000027000002250000 6666 6 45 3 15
720000540000360000180000 840000660000480000300000
:
=
: = : 25% : = 6 25% = 1,5 120000 = 180000 = 120000+ 180000 =
300000 . 25% 150% 650% : = 6 50% = 3 120000 = 360000 = 120000+
360000 = 480000 . 50% 300% 6
75% : = 6 75% = 4,5 120000 = 540000 = 120000+ 540000 = 660000 .
75% 450% 6100% : = 6 100% = 6 120000 = 720000 = 120000+ 720000 =
840000 . 100% 600% 6
: 40000 18000( ) 27000
2700018000 27000001800000 16200001080000 (60 % )1080000720000
640000640000 44000080000
=
% = 440000 80000 /80000 = 4,5 % = 2700000-1800000 / 1800000 =
0,5 =4,5 / 0,5 = 9 :
=
= 720000/ 80000 = 9
9 0,5 4,5 . .
40000 18000 27000
2700018000 27000001800000 16200001080000 (60 % )1080000720000
560000560000 520000160000
=
= =520000 160000 /160000 = 2.25 = 2700000-1800000 / 1800000 =
0,5 =2.25 / 0,5 = 4,5 :
=
= 720000/ 160000 = 4,5 4.5 .
. , .
: , . : - 10000 24 12 ( ) 6 () 60000 120000 16000 :1 2 - .3 4 5
.
24000024000060000120000- 180000120000 12000060000- 6000060000
1600016000- 4400044000
:
=
= -
=
3 1800002 120000 60000600007555 120000+160006334 60000 +000 16
=24 624 1224.5%10000 755536.7%10000 6334 =1000010000
1 - , .2 - 1% : 2% , 3% , 1% .
$10,000y$8,000$6,000$5,000$4,000$2,000Dollars102025304050xUnits
Sold
