The Financial Statements of Top Glove Corporation Berhad - Accounting and Finance Assignment Help

Assignment Task:

Task:

Task 1 You are required to download the financial statements of Top Glove Corporation Berhad for year 2020. Note: Annual Reports for public companies are usually available to view or download freefrom the company’s website. Refer to page 79 to Page 81 (pdf) {page 155 to page 158 Annual Report} or whichever report is needed. Important ***Students mustretain a printed copy of their work. You must attach a copy of relevantpages (not the whole) ofthe annualreport, highlighting the information/figures cited.

Task 2 By using the annual report of the company, discuss the below mentioned questions. You are required to produce your answers by referring to the relevant sections in theannual report. 1) Name and background of company. (10 Points – 10 marks) - A brief write-up of the group. - When established, headquarters, manufacture of what - How it started? - Listed where? Any stock code? - Which part of bursa market; under any sector? - When listed and IPO? - Link :- https://www.bursamalaysia.com/markn/equities_priceset_informatio -

2) Using the annual report, provide and comment on the following based on group (not company): (5 key points – 5 marks; with explanations) 20 marks -

The performance of the company as compared to previous year. You needto analyse the items under the consolidated statement of profit or loss for both years 2019 and 2020 in order to provide a detailed analysis on this part. - Example, comment on the comparison on revenue, cost of sales, gross profit, distribution and selling costs, Admin and General expenses, finance costs, earnings per share and etc. (Analyse and comment on the individual items inside each category and may refer to notes to financial statements.)

- Example, revenue under note to financial statements no (8), explain the increasing and decreasing components. Overall revenue differences figures must be compared.(Explanation must consist of % and figures of comparisons) - The above applies to other commentaries in the statement of profit and loss too. - Calculate % cost of sales reduction 2020 and 2019; then compare. - Gross profit margin differences..etc 3) Calculate the profitability, liquidity and efficiency ratios of the company (usethe following ratios: 1)gross profit margin,

2)net profit margin,

3)return on capital employed,

4) quick ratio,

5) current ratio…for year 2020 and 2019

6) accounts receivable turnover,

7) accounts payables turnover,

8) inventory turnover) for year 2020 only.

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