跨国业务开发管理6

单击此处编辑母版标题样式,单击此处编辑母版文本样式,第二级,第三级,第四级,第五级,*,跨国业务开发,六,第六讲 跨国业务的财务方案,财务预算假设,基建投资估计,经营本钱估计,经营效益估计,国际财会报表,一、财务预算假设,第一年,第二年,第三年,第四年,第五年,投资费用,分期融资,达产比率,流资安排,每年周转,次数,应收帐款,原材料,燃料,在产品,现金,应收帐款,产成品,科技三项经费,财务预算假设(续),正常生产期总成本分项费用,原材料,燃料动力,工资福利,修理费,管理费,土地费,销售费用,开发费,替他假设,达产年营业收入,所得税率33%,固定投资贷款利率,流动资金贷款比率,增值税率17%,盈余公积15,流动资金贷款利率,应付利润,固定资产残值率10%,资金折现率,资产递延,流动资金铺底30%,无形资产,敏感性分析参数,效益下降%,费用增加%,投资增加%,二、基建投资估计,国际总投资核算科目,投资方案与资金筹措,资金来源与运用,流动资金估算,国际总投资核算科目,总投资,固定资本,固定投资,更新投资:,投产和达,到设计产,能时投资,实期固定,投资：,施工期,投资,投产前支出：,开办费,预备研究费,试车费,试生产费,净流动资金：,收：流动资产,应收帐款,存货,库存现金,银行存款,支：短期负债,应付帐款,土地费：,土地购置费,场地清理费,环境支出,土地税,设备购置费：,生产设备,辅助设备,环保设备,效劳设备,卑贱与工具,土建工程费：,建筑物与房屋,公用工程,三废工程,室外工程,厂外工程,技术费：,研发费,专利使用费,专有技术费,商标使用费,技术效劳费,三、经营本钱估计本钱费用估算损益表,四、国际财务会计报表,合并损益表,合并资产负债表,合并股权变更表,合并现金流量表,A.Consolidated income statement,Year ended 31 December,1p75,1p82,(all amounts in name of currency thousands),Notes 2002 2001,1p75(a),Sales 1 211,034 112,360,1p82,Cost of sales,(85,040)(45,682),1p82 Gross profit,125,994 66,678,1p82,Other operating income 6,301 2,195,1p82,Distribution costs (48,966)(19,528),1p82,Administrative expenses (28,786)(10,434),1p82,Other operating expenses (8,825)(3,958),35p39,Loss on sale of discontinuing operation 3,(959),1p75(b)Profit from operations,44,759 34,953,1p75(c),Finance costs net 4 (863)(7,540),1p75(d),Share of results of associates before tax 13,(260)216,Profit before tax,43,636 27,629,12p77,Income tax expense 6,(14,706)(8,936),1p75(f)Profit from ordinary activities after tax,28,930 18,693,1p75(g),Extraordinary item 7,(1,228),Group profit before minority interest,27,702 18,693,1p75(h),Minority interest 32,(2,548)(856),1p75(i)Net profit,25,154 17,837,33p47 Earnings per share(expressed in LC per share),basic 8 1.03 0.87,diluted 8,0.96 0.83,As an alternative to the presentation of costs by function shown above,the Group is permitted under IAS 1 to present the analysis of costs using the nature of expenditure format,for which the following disclosures would typically be made on the face of the income statement:,year2002 year2001,Sales 211,034 112,360,Other operating income 6,301 2,195,Changes in inventories of finished,goods and work in progress 1,972 2,309,Raw materials and consumables used (66,173)(40,912),Staff costs(Note 5)(40,090)(15,500),Depreciation and amortization (35,238)(13,064),All other operating expenses (32,088)(12,435),35p39,Loss on sale of discontinuing,operation(Note 3),(959),Total operating expenses,(172,576)(79,602),Profit from operations,44,759 34,953,B.Consolidated balance sheet,As at 31 December,1p66,(all amounts in name of currency,thousands),Notes 2002 2001,ASSETS,1p53 Non-current assets,1p66(a),Property,plant and equipment 10 115,817 84,980,1p67,Investment property 11 16,276 15,690,1p66(b),Intangible assets 12 14,056 19,600,1p66(d),Investments in associates 13 12,984 13,244,1p66(c),Available-for-sale investments 14 17,420 14,910,1p66(f),Receivables 15 4,936 3,430,1p66(i),Deferred tax assets 25 5,395 3,110,186,884 154,964,1p53 Current assets,1p66(e),Inventories 16 19,722 17,740,1p67,Assets held for sale 16 3,666 3,002,1p67,Construction contract work in progress 17 1,312 1,050,1p66(f),Receivables and prepayments 18 18,615 13,168,1p66(c),Available-for-sale investments 14 1,950 ,1p66(c),Trading investments 19 11,820 7,972,1p66(g),Cash and cash equivalents 20 26,358 36,212,83,443 79,144,Total assets,270,327 234,108,1p66(m)SHAREHOLDERS EQUITY,Notes 2002 2001,1p73(e),Ordinary shares 31 25,300 21,000,1p73(e),Share premium 31 18,656 11,316,1p73(e),Treasury shares 31 (2,564),1p73(e),Fair value and other reserves 33 8,393 7,500,1p73(e),Retained earnings,76,906 59,271,Total shareholders equity 126,691 99,087,1p66(l)Minority interest,32 8,484 1,806,LIABILITIES,1p53 Non-current liabilities,1p66(k),Borrowings 22 86,076 88,336,1p66(i),Deferred tax liabilities 25 11,263 8,538,1p66(j),Retirement benefit obligations 26 4,540 2,130,1p66(j),Provisions 27 320 274,1p66(h),Other liabilities,3,557 756,105,756 100,034,1p53 Current liabilities,1p66(h),Trade and other payables 21 15,722 12,365,1p66(i),Current tax liabilities 2,942 2,846,1p66(k),Borrowings 22 8,510 15,670,1p66(j),Provisions 27,2,222 2,300,29,396 33,181,Total liabilities,135,152 133,215,Total equity and liabilities,270,327 234,108,10p16,These financial statements have been approved for issue by the Board of Directors on,date,2003.,C.Consolidated statement of changes in,shareholders equity,1p86(f),(all amounts in currency,Notes Share Share Treasury Fair Retained Total,1p86(e),thousands),capital premium shares value earnings,and,other,reserves,1p86(c)Balance at 1 January 2001,20,000 10,424 6,364 57,083 93,871,1p86(b),Net fair value gains,net of tax:,16p64(f),land and buildings 33 759 759,39p170(a),available-for-sale investments 33 82 82,1p86(b),Cash flow hedges:33,39p169(c)(i),net fair value gains,net of tax 28 28,39p169(c)(ii),reclassified and reported in net profit (36)(36),39p169(c)(iii),reclassified and added to PPE (12)(12),39p169(c)(iii),reclassified and added to inventory (6)(6