General objectives Analysis of production and business results of Yen Lap Irrigation Company Limited Quang Yen - Quang Ninh in the period from 2018 to 2020 in order to assess the overall
Background
The current irrigation industry may not be noticed and chosen by many people But in fact, no era in our country can be without this work Since ancient times, water treatment has been focused on by our forefathers, becoming one of the most important jobs of the country.
Vietnam is a country with a coastline of over 3,600 km and a dense system of rivers. The management, protection and exploitation of precious resources of the country are reflected in such areas as: integrated exploitation of water resources, environmental protection, management of river basins, coastlines, construction Repairing and renovating irrigation systems effectively is the top challenge of the whole industry. Therefore, the development of works in the irrigation system is the top goal of the irrigation industry in general and irrigation companies in particular.
Through my internship and practical study at Yen Lap Irrigation One Member Limited Liability Company, I realized that this is a company with a special mission when the demand for irrigation services in economic development is increasing In natural conditions with drastic fluctuations like ours, irrigation works, especially water reservoirs, have the effect of preventing, combating and regulating floods for downstream areas; pumping stations, culverts under flood control dikes and other drainage works to drain water for the whole society and people.
In addition, through the internship at the company, I somewhat understood the company's irrigation activities with a large sample field in Quang Yen With the above reasons, I decided to choose the topic: "Learning about the project to build a large sample field in Quang Yen at Yen Lap - Quang Yen One Member Limited Liability Company" as the group's internship report.
Research objectives of the topic
General objectives
Analysis of production and business results of Yen Lap Irrigation Company LimitedQuang Yen - Quang Ninh in the period from 2018 to 2020 in order to assess the overall business situation of the company From there, propose measures to improve the company's operating results.
Specific objectives
- Analyze the results of business performance evaluation criteria such as revenue, profit, and expenses of the company over the past 3 years from 2018 to 2020.
- Proposing solutions to improve the company's business results in the future.
Research questions
What are the basic issues and results of the company's production and business activities?
How can the company's production and business results be more effective than in previous years?
What solutions contribute to improving the company's business results?
Subject and research scope of the topic
Scope of content
Research object: Revenue, cost, profit in the balance sheet and financial statement of
Yen Lap Irrigation Company Limited Quang Yen - Quang Ninh.
Scope of time
- The report is made in the first semester of the academic year 2022-2023.
- Time to collect secondary data: The period from 2018 to 2020.
- Time to collect primary data: December 2022.
Scope of space
The research is carried out at Yen Lap Irrigation Company Limited Quang Yen -Quang Ninh.
THEORETICAL BASIS, RESEARCH METHODS AND CURRENT
Some business concepts
According to Clause 21, Article 4 of the Enterprise Law 2014, business is the continuous performance of one, several or all stages of the investment process, from production to consumption of products or provision of services market for profit Thus, business activities include any activities that an enterprise engages in with the main purpose of making a profit in the course of business Business activities including operating, investing and financing are ongoing and focused on creating value for shareholders.
Business analysis is the research process to evaluate the entire process and results of business activities; potential sources that need to be exploited in enterprises, on that basis, propose plans and solutions to improve the efficiency of production and business activities of enterprises (Trinh Van Son, 2005) Business development is the process of recognizing the nature and impact of all aspects of business activities, is the process of consciously and consciously recognizing and improving business activities, in accordance with the conditions of the business specific to each enterprise and in accordance with the requirements of objective economic laws in order to bring about high business efficiency. (Trinh Van Son, 2006).
2.1.2 Concept of revenue, cost, profit
Is the entire money from selling products, goods, and providing services after deducting payment taxes, sales discounts, and returned goods (if valid documents are available) and accepted by the customer for payment .
Revenue from business activities includes:
- Total sales revenue: is the total amount of money from the sale of goods and services that have been accepted by customers for payment (regardless of whether money has been collected or not).
- Net revenue: reflects the direct money earned by the enterprise in doing business. Revenue from financial activities: Includes revenues from joint ventures, associates, share capital contribution, asset leasing, deposit interest, loan interest, and income from securities trading (bonds, bills, stocks).
Revenues from other activities: These revenues include revenues from the sale of materials, goods, excess assets, payables that cannot be paid due to creditor's reasons, etc.
The cost of production and business of an enterprise is expressed in money of all material and labor costs that the enterprise has to spend to produce and sell products and some refund of indirect tax that the business has to spend to carry out production and business activities in a certain period Includes production costs, non-manufacturing costs and financial operating costs.
- Cost of direct materials: Including costs of raw materials, direct materials used for the production of products of enterprises.
- Direct labor cost: This cost includes the cost of main salary, extra salary, allowances, social insurance
- General production costs: Including staff costs; cost of materials, tools and instruments; cost of production tools; fixed asset depreciation expense; Cost of hired services; other monetary costs.
- Selling expenses: Are costs incurred in the process of consuming products and goods, including costs of packaging, transportation, introduction, product preservation Such as staff costs; cost of materials, tools and tools; depreciation expense for fixed assets; costs of transportation, loading and unloading, preservation; advertising and marketing expenses; other monetary costs.
- Enterprise administration expenses: Including the following items: cost of management staff, cost of management materials, cost of office furniture, cost of depreciation of fixed assets; tax-free-fee; provision expenses, costs of services purchased from outside, expenses in other cash.
Financial operating expenses: This expense reflects the expenses of financial activities.
Profit is the difference between the total revenue from the sale of products, goods and services minus the cost of all sold goods and services and tax as prescribed by law (except profit tax).
Profit from business activities: This entry reflects the financial results before corporate income tax of the main operating activities in the reporting period.
Net operating profit = Gross profit - (Sales expenses + Administrative expenses)
Net profit from financial activities: This entry reflects the difference between income and expenses of financial activities in the reporting period.
Net profit from financial activities = Revenue from financial activities - Financial operating expenses
Other profits: The profit earned by the enterprise outside of production and business activities.
Other profit = Other revenue - Other expenses
Content analysis of business activities
Analysis of some evaluation criteria:
The current ratio reflects the relationship between current assets and current liabilities The current ratio represents the level of coverage of current assets against current liabilities Current liabilities are liabilities that must be paid during the period, so the business must use its real assets to pay by converting a part into cash.
If the calculated ratio < 1: The solvency of the enterprise is not good, the short-term assets of the enterprise are not enough to pay short-term debts and due debts.
If the calculated ratio is > 1: the enterprise is able to pay its debts, and if this ratio increases, it reflects the degree to which the enterprise can guarantee to pay its debts, the higher the risk of bankruptcy If the ratio is low, the financial situation is considered to be good, but if this ratio is too high, it is not good, it shows the abundance of the enterprise in payment but reduces the efficiency of capital use by the enterprise have invested too much in short-term assets and can lead to a bad financial situation.
If the short-term ratio gradually approaches zero, the enterprise is unlikely to be able to pay its debts, the financial situation of the enterprise is facing difficulties and the enterprise is in danger of bankruptcy.
This ratio remains at a high or low level depending on the business lines of each enterprise and the payment terms of receivables and payables in the period.
Quick payout ratio To assess the solvency of the business, managers also need to know the quick ratio of that business This ratio is also known as quick ratio In this ratio, inventory is eliminated, because in current assets, inventory is considered a low-liquidity asset than.
The coefficient above = 1 is considered the most reasonable because so the enterprise can both maintain the ability to pay quickly and not lose the opportunity brought about by the ability to pay debts.
The coefficient above < 1 indicates that the enterprise has difficulty in paying debts. The coefficient above 1 reflects bad debt payment situation because cash and cash equivalents are stagnant, slow capital turnover reduces capital efficiency.
However, like the short-term debt ratio, the magnitude of this ratio also depends on the business lines of each enterprise and the payment terms of the receivables and payables in the period.
2.2.2.1 Debt-to-total assets ratio (TD/TA)
Debt to total assets ratio Total debt = Short-term debt + Long-term debt
The ratio above shows how a company has grown and created its assets over time.
A TD/TA ratio greater than 1 indicates a significant portion of assets are financed by debt In other words, the company has more liabilities than assets A high TD/TA ratio also indicates that a company may be at risk of default on loans if interest rates rise suddenly.
A TD/TA ratio of less than 1 means that the majority of a company's assets are financed with equity.
Debt-to-equity ratio The debt-to-equity ratio indicates the ratio between the two primary sources of capital (debt and equity) that a business uses to finance its operations The debt-to-equity ratio helps investors have an overview of the financial strength and financial structure of the business.
Usually, if this ratio is greater than 1, it means that the assets of the business are financed mainly by debt, otherwise, the assets of the business are financed mainly by equity.
The smaller the D/E ratio, which means that the liabilities are a small percentage of the total assets or total capital, the less difficult the business will be in finance The higher this D/E ratio is, the greater the probability that the business will have difficulty paying its debts or go bankrupt when the bank interest rates are high.
Reseach methodology
2.3.1 The method of data collection
This study uses a systematic approach to obtain general and complete information on business performance at Yen Lap Irrigation Company Limited Quang Yen - Quang Ninh. That will be the basis to learn more specifically about the situation and solutions to develop business activities of Yen Lap Irrigation Company Limited Quang Yen - Quang Ninh.
2.3.2 Methods of collecting secondary data
The main sources of reference data are survey data published on the media, the internet and the Company's financial statements related to business development at Yen Lap Irrigation Company Limited Quang Yen - Quang Ninh.
Secondary data is collected including both quantitative and qualitative information, edited and processed.
Quantitative information collected from the financial statements and statistical documents of Yen Lap Irrigation Company Limited Quang Yen - Quang Ninh will be arranged to show the development of business results at the Yen Lap Irrigation Company Limited Quang Yen - Quang Ninh Complete by presenting in many forms such as tables, charts.
Descriptive statistics, comparative statistics: Used to describe the basic characteristics of data collected from empirical research related to the current situation of business activities at Yen Lap Irrigation Company Limited Quang Yen - Quang Ninh.
Current situation of business operation results
- Company name: Yen Lap Irrigation Company Limited Quang Yen - Quang Ninh
- Head office: Yen Lap area, Minh Thanh ward, Quang Yen town, Quang Ninh province
- Legal representative: Mr Nguyen Xuan Tung
- Business field: Service activities related to irrigation
Figure 2.4.1: Office of Yen Lap Quang Ninh Irrigation Company Limited
Business and commercial activities within the scope of business lines specified in the company's business license Strictly abide by the regimes and policies of the State and local authorities where the company is located.
The Executive Director is responsible for formulating and promulgating regulations on organization and operation of the company, completing all procedures for doing business.
Actively active in increasing working capital Research and implement necessary measures to improve efficiency and quality of business and services, gradually increasing business efficiency.
Always put credibility first, creating trust and high trust in customers.
As an irrigation company, it is mainly responsible for managing, exploiting, protecting and maintaining the system of irrigation works.
Organize and operate the entire system of irrigation works to serve the people's daily life, economy and society.
Improve the environment, ecology and prevent storms and floods, and mitigate natural disasters.
- The person who directs the operation of the company, takes direct legal responsibility in accordance with the law.
- Responsible for monitoring, evaluating and fostering management, strategic direction and development goals of the company Organize the implementation of business plans and investment plans of the company.
- Developing strategies, organizing human resources, building processes, business regulations, evaluating work performance continuously to improve and help improve the company's operations.
- Collect and manage customer information.
- The accounting department has the function of collecting invoices, vouchers and information related to economic issues in the past; analyzing, processing, recording, calculating and synthesizing data obtained from vouchers and books;
- Check the accuracy and legality of existing documents; Financial reporting to superiors, making internal reports according to the company's regulations and other reports at the request of the Director.
- As a professional department to advise and assist the Director on personnel organization, labor, salary, emulation, reward, discipline, training, planning, administration, clerical, archiving , health and protection of internal politics.
Management Water And Technical Department:
- Is the part that plays the role of building and maintaining structures, machines,equipment, systems and operating programs of machines and equipment in enterprises.This department directly manages the technical, technological and machine related matters of the enterprise to ensure that the technical and technology related activities take place smoothly and efficiently.
Planning irrigation, electricity use plans for each season, for the whole year, through the Department of Planning - Finance, helping the Director submit to superiors for approval and organize the implementation according to the approved plan Directing the units directly managing (Member Enterprises, Stations, Irrigation Clusters) to implement the approved plan;
- Prepare system operation process and submit it to competent authorities for approval Operating the irrigation system according to the approved process;
- Operating the irrigation, water distribution and air conditioning systems by phone or computer to meet the requirements of timely production, storm and flood prevention and work safety, and limit waterlogging and damage caused by natural disasters to a minimum;
The corporate legal department will help business leaders perform tasks such as: Participating in negotiations, negotiating important contracts of the business with business partners; appraise draft agreements, cooperation contracts, investment projects to ensure that they are not contrary to the law, the charter or have loopholes or legal errors that may lead to damage to the enterprise.
Enterprise legislation plays an important role in regulating and controlling legal activities in enterprises, including doing the following tasks:
Supervising and controlling the activities of the departments in the Enterprise that operate in compliance with the Regulations and internal regulations of the Enterprise.Proposing legal opinions and appraising draft contracts drafted by other parts of the enterprise Before submitting to the Board of Members, Board of Directors, President of the company, General Director, Director of the enterprise; Participating in negotiations and signing contracts.
Support the Board of members, the Board of Directors, the President of the company, the General Director, the Director of the enterprise to give comments on the draft legal documents sent by agencies and organizations for comments; summarize and evaluate the laws related to the production and business fields of enterprises.
Customers are always the factor that every business is aiming for, because customers decide a lot to the revenue, profit or position in the market of the business Especially in today's growing economy, where customers have many choices for the same service, customer service plays a particularly important role If the business has good customer service, it will not only retain the old customers but also have the ability to attract new customers.
At the company, customer service is specific activities to deal with orders and contracts with customers; make the buying and selling process transparent It includes the following tasks: market research, identify market needs; develop customer service goals and plans; introduce and provide customer service, handle situations, maintain credibility with customers, Service quality depends on many factors such as: before, during and after dealing with customers.
2.4.4.2 Services of management and exploitation of irrigation works system
Water supply for daily life and socio-economic activities is the main and cross- cutting activity of the company Ensure water supply for irrigation and drainage for more than 100% of agricultural land in the area served by the Company.
Improve the management and exploitation of irrigation works to serve sustainable agricultural production and at the same time meet the requirements of socio-economic sectors in the area; natural disaster prevention, improvement of the ecological environment and assurance of water quality.
In addition, the Company specializes in the field of irrigation for irrigation in the area, the Company is responsible for advising and assisting the local government in technical aspects to promote the efficiency of the irrigation system due to local management, and at the same time ensure the safety of this system during the stormy season.
Timely adjust the increase or decrease in additional irrigation and drainage areas of water-using units on the basis of maps of irrigation areas, drainage areas and pest records, lists with water-using households that have been prepared.
Promote the integrated exploitation of the company's advantages such as: Supplying raw water to business units at the reservoirs the Company is managing such as Yen Lap lake, Khe Mai lake and Cao Van lake In addition, the company continues to provide water to people for aquaculture, exploiting the natural landscape of reservoirs, and taking advantage of the area of corridors to protect irrigation works to plant trees.
2.4.5 Analysis of business results at Yen Lap Irrigation Company Limited Quang Yen - Quang Ninh in the last 3 years ( 2018-2020)
Analyze financial metrics
The indicator on the payment situation is the basis for assessing whether the current situation of the company is good or bad, thereby in order to propose measures to improve the business results of the company in the most timely and reasonable manner.
(Source: Self-aggregation and calculation)
Based on Table 4, we can see the company's ability to meet the debt payment needs In the period of 2018 - 2020, this index of the company is always greater than 1, which means that the company is fully capable of paying short-term debts within 1 year or 1 business cycle Or it can be said that in 2018 every 1 dong of short-term debt will be guaranteed to be paid by 1.55 dong of short-term assets, in 2019 it is 1.45 dong (decreased by 0.1 compared to 2018) and 2020 is 1.37 VND (decreased by 0.08 compared to 2019) Although the ratio has decreased, the coefficient has remained at > 1 for 3 years, so the company's financial position is at a stable level to ensure its short-term solvency.
Quick ratios = qick assets : current Liabilities.
(Source: Self-aggregation and calculation)
The above ratio shows the company's ability to pay with cash, eliminating inventory because it has less liquidity Thus, it can be understood that, in 2018 with 1 dong of short- term debt that can be guaranteed to be paid by 1.54 dong of short-term assets, in 2019 it will be 1.45 dong (decreased by 0.09 dong compared to 2018) and in 2020, 1 dong of short-term debt will be guaranteed to be paid by 1.37 dong (decreased by 0.08 dong compared to 2019) In 3 years, the quick ratio of the company is still greater than 1, and is equal to the current ratio, showing that the short-term assets of the company do not depend too much on inventory.
Debt management ratio is an important indicator to assess the financial ability of enterprises, indicating whether the level of financial safety is high or low.
Debt to total assets ratio:
Table 6: Debt-to-asset ratios
(Source: Self-aggregation and calculation)
According to the calculated results, we see that the debt-to-total assets ratio in 2018 is 0.0093, which means that the company's asset structure for every 100 dong, there is 0.0093 dong from borrowed capital This number increased to 0.0126% in 2019, an increase of 0.0033% compared to 2018 showing that the assets of the company with loans are much smaller than the total existing assets By 2020, this ratio will increase slightly to 0.0032, but compared to total assets, it is still very small, so the company will always maintain solvency, financial flexibility because debt accounts for very small compared to total assets asset.
Chart 4: Debt-to-asset ratios
Table 7: Debt to Equity Ratio
(Source: Self-aggregation and calculation)
The company's debt-to-equity ratio in the period 2018 - 2020 gradually increased In
2018 there was a debt-to-equity ratio of 0.0095%, which means that for every 100 VND of company assets, 0.95 VND was financed by debt In 2019 it increased to 0.0128% (0.0033% higher than 2018) and in 2020 the ratio was 0.016% (increased 0.0032%), due to the company promoting business activities But the debt-to-equity ratio is very small
(less than 1%), so the company is not at risk of financial difficulties, debt repayment risks and risks of bank interest rate fluctuations.
Chart 5: Debt to Equity Ratio
Overall assessment of business performance at Company in the period 2018 - 2020
2.6 Overall assessment of business performance at Company in the period 2018 - 2020
After analyzing the business results of Yen Lap Quang Ninh Irrigation One Member Co., Ltd through financial statements, the indicators of solvency, profitability, have shown the situation The business performance of the company from an overview perspective is as follows:
Over the three years from 2018 to 2020, the company's total revenue has increased over the years In which, revenue from water supply services accounts for the largest proportion, and almost the entire total revenue of the company For profit, the Company's characteristics are public activities, not for profit purposes The main task is to serve irrigation and drainage for agricultural production in the area of Quang Yen town andUong Bi city, a part of Ha Long city and Van Don district, ensuring the safety of the irrigation works system operated by the Company management company, so the company is not profitable every year Other incomes such as water supply services, supervision consultancy, design, water surface rental have been included in the revenue and expenses of the company in the year and have been verified by the Departments and submitted to the People's Committee Quang Ninh province approves annually.
Taking advantage of the company's available advantages (water surface, water personnel, ), annually expanding the business lines in the business license such as supervision consultancy, design; water surface rental to increase the company's revenue from 200-500 million dong.
For revenue: Annually, the total revenue is equal to the total expenses 100% allocated by the State budget, kept stable with an increase of not more than 5% of the total annual revenue.
The company's solvency indicators are very stable, showing that the company has used capital effectively, it is necessary to promote these criteria to ensure the stability of the company's business activities Besides, the debt-to-equity ratio is very low (less than 1%), with 2019 and 2020 continuing to remain low, the company always ensures financial safety.
The administrative structure of the company is generally compact and reasonable The departments are defined with specific functions and tasks, without overlapping functions between departments.
SOLUTIONS TO IMPROVE BUSINESS PERFORMANCE AT YEN LAP
Company development direction
Maintain and promote the efficiency of tasks of management, exploitation, protection and maintenance of irrigation works system Organize and operate the entire system of irrigation works in service of daily-life, socio-economic, environmental improvement and storm and flood prevention and disaster reduction.
Reasonable investment to develop material and technical facilities, innovate technology, improve service quality.
Develop and complete management regulations, ensuring management requirements are in accordance with the law Promote autonomy and creative dynamism in production and business Actively apply scientific and technical advances, informatics and management and administration Quickly seize the opportunity to expand new business lines in a reasonable way when there are opportunities and conditions.
Solutions to improve the company's business results
The study of measures to improve the financial capacity of enterprises is very important and necessary It will give businesses certain solutions depending on each specific case On that basis, businesses that grasp and apply flexibly will bring high business efficiency.
First of all, the Company will base on the funds advanced by the provincial People's Committee to operate production and business and concretize financial targets in the approved plan.
Regularly and periodically maintain machinery and construction systems in order to save regular repair costs, prioritize investment in repair and upgrade of irrigation works managed by the Company.
Complete 100% of the targets on state budget payment (taxes, fees, charges) such as: Value-added tax, natural resource tax, corporate income tax, excise tax, non-agricultural land tax, tax personal income (if any)… in the coming years.
Regularly supervise and inspect financial management during the implementation of the plan in the coming years.
Allocating expenditures to departments, irrigation clusters under the Company on the basis of maximum savings on regular expenses, prioritizing sources for investment, repair and upgrading of irrigation works system.
Amend and complete the Regulations such as: Regulation on labor management,salary management; regulations on internal spending, regulations on emulation and commendation, regulations on asset management, tools, tools, daily-life utensils, etc., in accordance with current guiding documents.
Timely report to superiors in case of arising related to the financial management process of the Company.
Expenses are accounted for fully, promptly and openly and transparently in accordance with regulations.
Saving on regular costs, giving priority to the cost of regular repair of fixed assets and capital construction.
Strictly manage revenues from raw water supply services for Quang Ninh Clean Water Company - Quang Yen, Bai Chay, Uong Bi, Van Don clean water enterprises; Ha Long Sun Company Limited; Van Don Development Investment Joint Stock Company - Van Don International Airport Branch - Sun group; other water users and water users.
Ensure income, improve living standards and promptly settle policies related to employees.
To improve financial and economic autonomy, reduce state budget funding to support the Company From 2021, the Company proposes measures to increase non-public revenue, specifically:
+ For raw water supply, continue to maintain raw water supply for units and enterprises that are taking water from the Company At the same time, contact with other units, factories and enterprises in the area to promote the sale of raw water from water reservoirs.
+ For design and supervision consultancy: The company regularly contacts the People's Committee of Quang Yen town, the town's project management board, the units of communes and wards to create more jobs and improve their qualifications capacity for officials and employees - employees.
Publicize and fully implement the public posting of information of the Company to the Ministry of Planning and Investment; The owner (Quang Ninh People's Committee) and on the Company's website according to the contents of Decree No 81/ND-CP dated September 18, 2015 of the Government; publicize the use of the Financial Management Information System in accordance with Circular No 219/2015/TT-BTC dated December
31, 2015 of the Ministry of Finance to the Ministry of Finance and the Quang Ninh Department of Finance on the report on production results business (financial report according to Circular No 200/2014/TT-BTC dated December 22, 2014 of the Ministry of Finance); reports on income from wages, salaries, etc., the posting of information is timely and in accordance with regulations.
To innovate and improve management efficiency During the year, the Company directed specialized departments to regularly inspect and evaluate the current status of irrigation works systems throughout the company From there, based on the economic and technical norms approved by the provincial People's Committee, set the contracted norms for each project and individual Contents of contract include: Contracting for maintenance, repair and repair of canals Repair of machinery and equipment; guard; run the machine, follow the water on the field, follow the water on the canal.
Continue to propagate, mobilize, educate as well as thoroughly understand and direct officials, employees - employees to strictly implement the labor regulations and contract regulations of the Company On the other hand, strengthen the inspection, supervision, and strict discipline of officials, employees - employees who violate the labor - labor regulations, contract regulations of the company.
In addition to the above solutions, in the coming time, the Company has a number of solutions to further improve management efficiency as follows:
+ Innovating labor management methods, focusing on work efficiency, job assignment; By assigning autonomy to cluster heads and project managers, the Company only manages the time of construction work, water delivery, when there is an order to watch rain, storms, floods and tropical depressions The cluster heads and station heads assign themselves, assign jobs to each individual, and manage the time, volume and quality of each person's work by themselves.
The company contracts for each staff member to manage a work item, a certain section of canal; Requires staff to check daily, to be sure of the current status of the project and technical parameters Officers and employees who let the works under their management be violated or encroached on will be handled and disciplined according to the Company's labor regulations Continue to report to the People's Committee of the province to allow the Company to make a dossier of marking the boundaries of the protection corridors of the remaining irrigation works.
Implement well the inspection, maintenance and repair of works before, after the rainy season and stormy season to be ready to ensure effective irrigation, waterlogging and flood control;
The company will consolidate the assignment of responsibilities for each staff member to conduct water on a canal and be in charge of a certain irrigation and drainage area; Require officials and employees to firmly grasp the irrigation contour, area of pepper age, crop structure of each irrigation area Request the clusters of works to well organize briefings, allocate monthly irrigation schedules with water users Organize acceptance test for each irrigation phase, with assessment and certification of villages, zones and communes and wards Make a list of irrigated areas according to the structure of each crop.
+ The company will organize periodic meetings with water users to develop irrigation plans, agree on irrigation schedules, and solve problems related to the operation and repair of works to ensure water supply timely water for production.
+ Strengthen the inventory and review of the irrigation area served by the Company.
On the other hand, will continue to review the area of aquaculture ponds and the area of fruit orchards of the people to expand the service area.
+ Build a system of registers, irrigation numbers, make a list of the area of each crop according to the detailed crop structure of each commune and ward Cooperatives use water for management.
+ Organize training and capacity building for employees of the Company, apply science and technology in area management.
The company reviews and exercises the rights and responsibilities of the representative of the state capital at the company and consolidates the organizational structure in accordance with current law.
CONCLUSIONS, APPENDIX AND REFERENCE CATEGORIES
In order to meet the innovation requirements of the economy and quickly integrate with the general development process of the world, the state in general and the Irrigation Company in particular have constantly provided clean water for the people and those who need it other businesses However, the general business situation still has some shortcomings in organization, operation and administration, facilities and equipment are a bit outdated compared to other countries in the world Therefore, the analysis of the company's financial situation to make appropriate decisions becomes one of the indispensable issues.
Yen Lap Irrigation Company Limited Quang Yen - Quang Ninh, although operating with good revenue, Is still limited in some production and business activities, the company needs to apply the above recommended solutions to improve operations. financial analysis, thereby improving the financial performance and business performance of the company.
At the branch in the past time Finding out the causes of those problems is the basis for making possible solutions and recommendations In addition, due to some limitations in terms of qualifications and lack of practical experience, moreover, because there is not much information when analyzing, so the assessments in the thesis may not be realistic, the solutions given Not sure it's optimal Therefore, we are looking forward to receiving additional contributions from teachers to make the article more complete, more practical and useful for future work.
Finally! Through this internship, we have received a lot of valuable experience under the enthusiastic guidance of the brothers and sisters in the company At the same time, feel the spirit of effort and solidarity of all employees of the company.
Appendix 1: Balance sheet of Yen Lap Irrigation Company Limited Quang Yen -
Appendix 2: Report on business results at Yen Lap Quang Yen Irrigation One
Member Co., Ltd Quang Ninh (2018-2020)
1.Total revenue 32.048.815.540 34.973.481.835 37.273.591.630 Revenue from goods and services
2.Total cost 32.048.815.540 34.973.481.835 37.273.591.630 Cost of goods sold 29.200.849.796 31.827.306.852 33.725.489.543 Business administration expenses
Gross profit from selling goods and providing services
Net profit from operating activities