Beruflich Dokumente
Kultur Dokumente
Question 1
Introduction about the Company
BONIA established on 10974 by Mr Chiang. He started the business in designing, promoting, and manufacturing of a leather goods in Singapore. On 1997 Mr Chiang visited the Leather Trade Fair in Bologna (Italy) and he was inspired by the artwork of Giambologna, a 16th century sculptor and registered BONIA as a brand name. BONIA was entered in Malaysia market on 1978, and on 23rd April 2007, BONIA transferred to the Main Board of Bursa Malaysia. BONIA CORPORATION BERHAD, an investment holding company, engages in designing, promoting, and marketing apparels, footwear, accessories, and leather goods for men and women primarily in Malaysia and Singapore. It is also manufactures and markets fashionable leather good through catalogue selling; franchises leather goods and apparels; and wholesales, retails, imports, and exports leather goods, apparels and accessories. BONIA is based in Kuala Lumpur, Malaysia. There are several board and committees established in BONIA CORPORATION BERHAD with certain responsibilities assigned to them. Each board committee obey the set of terms of reference that is set out in BONIAs code of conduct. Each board committee have to submit to the BOD including all the reports and recommendations.
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Question 2
All figures are RM000
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3) Average Collection Period Average collection period = (current Assets Current Inventory) / Current Liabilities -
2010.31.12: (81,042 57,869)/ 41,247 = 0.56 2011.31.12: (154,842 81,464)/ 79,775 = 0.92
4) Account Receivable Turnover Account Receivable turnover = Net Credit Sales / Average Accounts Receivables Net Credit Sales = Sales on Credit Sales Returns Sales Allowances Bonia doesnt have Sales Returns and Sales Allowances 2010.31.12 : 2011.31.12 :
Operating profitability
1) Operating return on Assets Operating return on assets = (Net Income Total Assets)
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3) Inventory Turnover Inventory Turnover = (Cost of sales Average Inventory) Average Inventory = (Opening Inventory +Closing Inventory) 2 2010.31.12 Average Inventory = (57,869+60,685) 2 = 59,277 Inventory Turnover = (154,639 59,277) = 2.61 times
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2011.31.12 Average Inventory = (81,464+57,869) 2 = 69,666.5 Inventory Turnover = (194,232 69666.5) = 2.79 times Average days to sell the inventory = 365 days inventory turnover - 2010.31.12 = (365 2.61) = 139 days - 2011.31.12 = (365 2.79) = 130 days
4) Total Assets Turnover Total assets turnover = (Sales Revenue Total Assets)
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5) Fixed Assets Turnover Fixed Assets Turnover = (Cost of Sales Net Fixed Assets)
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Financing Decisions
1) Debt Ratio Debt Ratio = (Total Liabilities Total Assets) x 100% 2010.31.12 = (60,427 266,580) x 100% = 22.67%
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2010.31.12 = 2011.31.12 =
http://announcements.bursamalaysia.com/EDMS/subweb.nsf/all/3ABA6929BF B92C49482577CB001EA542/$File/Bonia-AuditedYE30Jun10.pdf
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