(Tiểu luận) mid term reportcourse introduction to finance

FOREIGN TRADE UNIVERSITY FACULTY OF INTERNATIONAL EDUCATION *** MID-TERM REPORT COURSE: INTRODUCTION TO FINANCE Student : Vu Hoang Van Anh name Class Student code Supervisor : : : F-UOB-13A 2005573106 Bui Thu Hien, PhD Hanoi, May 2021 TABLE OF CONTENT INDUSTRY ANALYSIS The important role of aviation industry .3 Characteristics of the aviation industry: .4 COMPANY OVERVIEW General information Operating industry and principal activities FINANCIAL ANALYSIS INTERIM BALANCE SHEET 11 INTERIM INCOME STATEMENT 13 INTERIM CASH FLOW STATEMENT 14 ASSESSMENT AND RECOMMODATION 15 VIETNAM AIRLINES JOINT STOCK COMPANY INTERIM FINANCIAL STATEMENT INDUSTRY ANALYSIS Aviation’s global employment Tourism catalytic Induced Indirect Aviation Direct Employment Economic Benefit (GDP) Total aviation global employment and GDP impact: history & forecast Employment 2016 2036 Economic Benefit COMPANY OVERVIEW Vietnam Airlines JSC (Hose: HVN) Closing Price (28/05/2021) Market Cap EPS P/E P/B SHAREHOLDER STRUCTURE Document continues below Discover more Principles of from: Accounting KETE201 Trường Đại học… 367 documents Go to course BAI TP MON phân tích 76 5 tài doanh… Principles of… 100% (24) Financial Accounting Final Exam Principles of… 100% (10) financial accounting final exam Principles of Accounting 94% (18) Financial Accounting: Multiple choice… Principles of Accounting Principles of 85 Accounting 93% (15) Principles of Accounting FINANCIAL ANALYSIS Revenue analysis Profit analysis 116 100% (4) 60240286-ch04 Chapter Manual Principles of Accounting 100% (2) Analyze profitability Cash flow analysis Analysis of capital structure, ability to borrow and repay Steady growth in total assets thanks to continued fleet development Leverage and long-term debt ratio decrease Revenue continues to increase but profit margin may be adjusted Volatility that could affect profitability: KEY FINANCIAL RATIO Current Ratio Quick Ratio Profitability Gross Margin Operating Margin Net Profit Margin Asset Efficiency Asset Turnover Fixed Asset Turnover Working Capital Ratios Account Receivable Ratio Inventory Turnover EBIT Margin EBITDA Margin TIE Investment Return Return on Assets (ROA) ROE Retained Earnings Payout Ratio 2019 ASSETS Closing balance Opening balance (reclassified) 14,892,268,582,0 81 6,358,674,854,90 12,479,745,873,3 16 1,952,431,174,56 1,700,000,000,00 2,300,000,000,00 6,093,286,116,00 7,362,688,429,64 284,139,726,347 537,893,299,625 150 456,167,884,827 326,732,969,484 B NON-CURRENT ASSETS 200 Long-term receivables 210 59,017,427,526,5 93 1,839,700,118,87 61,062,961,684,5 13 1,830,752,428,90 A CURRENT ASSETS I Cash and cash equivalents II Short-term financial Codes Note s 100 110 120 investments III Short-term receivables 130 IV Inventories 140 V I Other short-term assets 10 II Fixed assets 220 46,656,952,146,5 78 48,479,386,628,2 25 III Long-term assets in progress 240 237,251,504,791 177,153,323,393 IV Long-term financial 250 4,796,817,064,59 4,824,440,384,05 investments V Other long-term assets 260 5,486,706,692,44 5,751,228,919,93 TOTAL ASSETS (270=100+200) 270 73,909,696,108,6 74 73,542,707,557,8 29 300 56,027,079,048,4 87 27,775,793,195,0 92 55,275,499,892,6 77 24,579,592,575,2 88 C LIABILITIES I Current liabilities 310 II Long-term liabilities 330 28,251,285,853,3 95 30,695,907,317,3 89 D EQUITY 400 17,882,617,060,1 87 17,882,617,060,1 87 18,267,207,665,1 52 18,267,207,665,1 52 73,909,696,108,6 74 73,542,707,557,8 29 I Owners’ equity 410 TOTAL RESOURCES 440 24 INTERIM INCOME STATEMENT ITEMS Codes Notes 27 Current period Prior period 37,021,685,837,762 35,427,929,869,548 Gross revenue from goods sold and services rendered 01 Net revenue from goods sold and service rendered (10=01-02) 10 36,586,475,026,125 35,047,050,192,368 Gross profit from goods sold and services rendered (20=10-11) 20 4,959,807,486,285 5,075,486,766,799 10 Operating profit (30=20+(21-22)-(25+26)) 30 1,558,398,714,071 1,333,455,217,831 13 Profit from other activities (40=31-32) Accounting profit before tax) (50=30+40) 40 327,707,094,440 133,639,716,614 50 1,886,105,808,511 1,467,094,934,445 Net profit after corporate income tax (60=50-51) 60 1,698,925,116,906 1,328,248,125,038 14 16 INTERIM CASH FLOW STATEMENT ITEMS I CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax Adjustments for: Codes 01 Current period Prior period 1,886,105,808,511 1,467,094,934,445 Operating profit before movements in working capital 08 3,791,454,543,834 3,877,959,573,898 Net cash generated by operating activities 20 4,184,516,671,764 7,235,930,993,098 Net cash generated by/(used in) investing activities III CASH FLOWS FROM FINANCING ACTIVITIES 30 1,666,964,316,896 (1,244,4998,901,188 ) Net cash used in financing activities 40 (1,447,328,990,806) (5,337,833,180,342) Net increases in cash (50=20+30+40) 50 4,404,151,997,854 653,598,911,568 Cash and cash equivalents at the beginning of the period 60 1,952,431,174,562 4,100,233,984,544 Cash and cash equivalents at the end of the period (70=50+60+61) 70 6,358,674,854,901 4,750,581,006,508 II CASH FLOWS FROM INVESTING ACTIVITIES ASSESSMENT AND RECOMMODATION Solutions to improve the company's payment capacity Solutions to improve capital balance capacity: Solutions to improve the company's business capacity: Moreover, facing complicated and prolonged developments of the COVID-19 epidemic, Vietnam Airlines has implemented response solutions, including: More from: Principles of Accounting KETE201 Trường Đại học… 367 documents Go to course BAI TP MON phân tích 76 tài doanh… Principles of… 100% (24) Financial Accounting Final Exam Principles of… 100% (10) financial accounting final exam Principles of Accounting 94% (18) Financial Accounting: Multiple choice… Principles of Accounting Recommended for you 93% (15) Accounting ch13 62 solution Principles of Accounting 100% (2) Chapter - The purpose and the Use… Principles of Accounting 100% (2) Chapter 05 Solution 82 Manual Kieso IFRS Principles of Accounting 100% 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