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Table 4.6: The list of general payments.

Table 4.6: The list of general payments.

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To control the operations and business performance, consider the fluctuation of the items

in the statement of earnings. We need to analyze and compare the rates and rate fluctuations

between the years of each indicator on report operating results. To report analyzes business

results in 2014 to compare the 2013 targets on reported operating results for the 2014 targets.

Table 4.8: A breakdown of reported operating results



Unit: Yen (millions)

Difference



Indicators



2014



2013



Net sales and other

operating revenue



11,842,451



9,877,947



7,948,095



1,964,504



19.89



1,929,852



24.28



8,761,083



7,345,162



5,919,633



1,415,921



19.28



1,425,529



24.08



1,696,957



1,427,705



1,277,280



269,252



18.86



150,425



11.78



634,130



560,270



519,818



73,860



13.18



40,452



7.78



11,092,170



9,333,137



7,716,731



1,759,033



18.85



1,616,406



20.95



750,281



544,810



231,364



205,471



37.71



313,446



135.48



-21,341



-55,919



26,039



34,578



-61.84



-81,958



-314.75



Income before income

taxes and equity in

income of affiliates



728,940



488,891



257,403



240,049



49.10



231,488



89.93



Income tax expense



252,662



178,976



135,735



73,686



41.17



43,241



31.86



Equity in income of

affiliates



132,471



82,723



100,406



49,748



60.14



-17,683



-17.61



Net income attributable

to noncontrolling

interests



-34,642



-25,489



-10,592



-9,153



35.91



-14,897



140.64



574,107



367,149



211,482



206,958



56.37



155,667



73.61



318.54



203.71



117.34



115



56.37



86



73.61



Cost of sales

Selling, general and

administrative

Research and

development

Operating costs and

expenses

Operating income

Other income

(expenses)



Net income

attributable to Honda

Motor Co., Ltd.

Basic net income

attributable to Honda

Motor Co., Ltd per

common share



2012



Difference



Values

2014/2013



%



Values

2013/2012



%



From the analysis shows:

- The total profits of the company increased ¥155,667 million equivalent to 73.61%

compared with the year 2012. By 2014, net income attributable to Honda Motor Co., Ltd. is



¥574,107 million rose 56.37%. Thus we can see that the net income attributable to Honda tends

to decrease.

- In recent years a number of economies are more volatile and more difficult very

particular peers, as well as general company announced losses. This number is impressive

result. Given that the company had an effective year. Achieving this result is likely due to better

cost management and focus on the product added value.

Specifically:

- Net sales and other operating revenues in 2013 increased by ¥1,929,852 million, an

increase of 24.28%. In 2014 revenue increased by 18.89% (¥11,842,451 million). This figure

shows that the company's revenue decreased while the amount of investment the company has

grown, so companies need to take measures to improve the financial situation at present.

- Net profit from business operations of the company increased by ¥205,471 million

equivalent to 37.71% compared with 2013, an increase of 135.48% compared to 2012.

- In the men's 2013 Profit before income taxes and equity in earnings of affiliates

increased ¥231,488 million equivalent to 89.93%.

- Earnings before income taxes and equity in earnings of affiliates increased ¥240,049

million equivalent to 49.10%.

Net sales : Yen

(millions)

Japan

North America

Europe

Asia

Other



FY2010

70,461

103,956

124,665

461,067

380,143



FY2011

70,244

96,664

103,890

577,669

439,727



FY2012

72,915

97,306

96,146

579,562

502,899



FY2013

72,949

112,176

86,424

667,473

400,527



FY2014

79,455

141,563

102,634

868,464

471,515



Table 4.9: Net sales table selling motorcycles.

Net sales : Yen

(millions)

Japan

North America

Europe

Asia

Other



FY2010



FY2011



FY2012



FY2013



FY2014



1,383,855

3,013,432

575,326

1,041,258

540,977



1,310,734

3,252,852

441,696

1,221,704

567,112



1,329,645

2,855,683

355,963

836,301

428,383



1,462,664

3,905,276

388,464

1,385,449

567,363



1,714,752

4,717,769

487,673

1,599,069

657,097



Table 4.10: Net sales table selling cars.

The increase in revenue was mainly due to the growth of automobiles and motorcycles:



Besides, the wide distribution network in the world carved with production facilities authorized

in the country has increased revenue by increasing the number of products and product quality

are more advanced day.

Cost of sales in absolute terms increased from ¥7,345,162 in 2013 to ¥8,761,083

million in 2014 equivalent to the rate of 19.28%.

Selling expenses and general manager in 2014 reached ¥1,696,957 million, equivalent

to 18.86% compared to 2013, this increase is still lower than the growth in revenue. Therefore,

to obtain 100 in revenue in 2014 spent less than the cost of sales. In other words businesses

save costs business more efficient.

Cost of research and development rose 13.18% or ¥73,860 million. This shows that the

company has invested in research and development to produce new products to meet market

demand and to compete with other competitors.

Income tax expenses increased by ¥73,686 million equivalent to 41.17% of the income

showed strong growth that the company is pleased the company is worth:

Equity in earnings of affiliates in 2014 reached ¥132,471 million, an increase of

¥49,748 million equivalent to 60.14%: Demonstrated that the company's branch operations

effectively.



4.3.2. Analysis of the cash flow statement:

Report cash flow is a useful source of information for assessing the ability to generate

cash, solvency or capital requirements of a business loan. Cash flow statement is a summary

table to answer the question "of corporate money comes from and how used, for what

purpose?" It also enables us back to why businesses are profitable that borrowers must pay

taxes or state bankruptcy is because there is no debt payments ...

Thus, the analysis of the cash flows of an enterprise is one of the important pillars for the

administrator is able to capture the true financial situation of the company. So the financial

situation of how Honda is reflected through the cash flow situation of the company in 2014.

Difference

Indicators

Cash flows from

operating

activities

Cash flows from

investing

activities

Free cash flow



2014



Difference



2013



2012



1,229,191



800,744



761,538



428,447



53.51



39,206



5.15



-1,708,744



-1,069,756



-673,069



-638,988



59.73



-396,687



58.94



-479,553



-269,012



88,469



-210,541



78.26



-357,481



-404.07



Vaulues

2014/2013



%



Vaulues

2013/2012



%



Cash flows from

financing

activities

Effect of

exchange rate

changes on cash

and cash

equivalents

Net change in

cash and cash

equivalents

Cash and cash

equivalents at

beginning of the

year

Cash and cash

equivalents at end

of the period



370,555



119,567



-68,230



250,988



209.91



187,797



-275.24



71,784



108,460



-52,150



-36,676



-33.82



160,610



-307.98



-37,214



-40,985



-31,911



3,771



-9.20



-9,074



28.44



1,206,128



1,247,113



1,279,024



-40,985



-3.29



-31,911



-2.49



1,168,914



1,206,128



1,247,113



-37,214



-3.09



-40,985



-3.29



Table 4.11: Reporting cash flows.

Based on the above table it is easy to see, first formed in terms of cash flow from

operations in 2014, the net cash flow from business operations and financial performance

remaining balance revenue expenditure respectively ¥428,447 million and ¥ 250,988 million

while net cash flow from investing activities was net revenue expenditure was ¥638,988

million shortage:

On the basis of the balance between revenue and expenditure of money, the amount of

net cash flow in 2014 -¥37,214 million, and net amount of cash flow in 2013 is - ¥40,985

million. In 2014 the company has expanded its production scale, and on this basis has grown

operate effectively.



Figure 3: Graph showing cash flows (2010-2014).

So on average in 2014, only the operations only produce business and financial

operations are excess payments during the investment activity, the deficiency payment.

However, the results still showed a positive sign and reasonable. Because, in the investment

stage facilities company has cash balance of production and business activities.

From table analysis Cash Flow Report shows that, of the cash flows Honda Company is

primarily generated from operating activities and financing activities

* In 2013, net cash flow from operating activities was ¥800,744 million, suggesting

business activity increases the amount of units.

- Cash flow from financing activities was ¥119,567 million.

- Cash flow from investing activities is ¥-1,069,756 million. Investment proved to reduce the

amount of units. Although this activity creates a huge amount of money but besides that the

amount paid is greater than the amount of money generated should be negative.

*In 2014, net cash flow from operating activities was ¥1,229,191 million, an increase of

¥428,447 million compared to 2013 with 53.51% relative reduction.

- Business activities have a positive cash flow. This is the sign of a healthy, optimistic about the

ability to secure money for production and business activities.

Thus, summary cash flow from operating activities provide basic information to assess



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Table 4.6: The list of general payments.

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