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BKAF1023

INTRODUCTION TO FINANCIAL

ACCOUNTING

UTUSAN MELAYU MALAYSIA)

BERHAD

LECTURER: EN. MUDZAMIR

MOHAMED,PNA,CFE.

NO NAME MATRIC NO

1 NURLIYANA BINTI MOHAMED KASSIM

ABDUL RAHIM

221317

2 NURHUSNA BINTI ZAKARIA 221339

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CONTENTS

1. INTRODUCTION

2. SIMPLE COMPONY PROFILE

3. COPY OF :

1) BALANCE SHEETS

2) INCOME STATEMENTS

3) SHAREHOLDERS EQUITY STATEMENTS

4)

CASH FLOW STATEMENTS

4.

CHANGING TO COMPONY BASED ON THE NOTES TO THE ACCOUNT

5. CHANGES IN THE ASSET,LIABILITY AND REVENUE

6. CHANGES IN THE NET INCOME AND REVENUE

7. CHANGES IN CASH FLOW AND SHAREHOLDER EQUITY

8.

FINANCIAL RATIO :

1) LIQUIDITY RATIOS

2) LEVERAGE RATIOS

3) PROFIBILITY RATIOS

4)

EFFICIENCY RATIOS

9.

CONCLUSION

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1.0 INTRODUCTION

Utusan Melayu (Malaysia) Berhad is one of the indigenous companies registered in

Bursa Malaysia. The principal activities of the Company are the publication, printing and

distribution of newspapers. The principal activities of the subsidiaries are publications and

distribution of books and magazines, commercial printing, information technology and

multimedia and investment holding. UTUSAN publishes magazines, books and the Utusan

Melayu, one of the well-known daily newspapers in Malaysia. The Company is also involved

in printing, advertising, information technology, multi-media and the electronic.

Vision of the company is to be the leading multiple media communications company

of choice. The mission of the Utusan Melayu (Malaysia) Berhad first to be continuously

develop and offer innovative and quality product and services through the application of

leading edge technology. Second to develop competent, knowledge and motivated workforce

through comprehensive human resource management. Third, to adopt good industrial

practices throughout the group whilst caring for the environment. Lastly is to establish

strategic alliances with local and foreign patners so as to acquire global access to leading

edge technology and increase market reach.

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2.0 SIMPLE COMPANY PROFILE

Full name

Utusan Melayu (Malaysia) Bhd

Headquarters

Lot 701 Level 7, Menara PGRM, 8 Jalan Pudu Ulu, Cheras; Kuala Lumpur; Wilayah

Persekutuan; 56100

Legal Address

46M Jalan Lima, Off Jalan Chan Sow Lin; Kuala Lumpur; Wilayah Persekutuan; 55200

Status:ListedLegal Form:Public Limited Company

Operational Status:Operational

ISIN CODE :MYL5754OO006

Financial Auditors:Ernst & Young (2011)

Incorporation Date:May 10, 1967

Total Employees:1,841

Tel: (60 3) 92877777

KEY EXECUTIVES:

MOHAMED HASHIM BIN AHMAD

MAKARUDDIN

EXECUTIVE CHAIRMAN

ABDUL AZIZ BIN ISHAK EXECUTIVE DIRECTOR

MOHD NASIR BIN ALI EXECUTIVE DIRECTOR

NORRAESAH BINTI MOHAMAD INDEPENDENT & NON EXECUTIVE

DIRECTOR

TENGKU SARIFFUDIN TENGKU

AHMAD

INDEPENDENT & NON EXECUTIVE

DIRECTOR

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4.0CHANGING TO COMPONY BASED ON THE NOTES TO THE

ACCOUNT

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5.0 CHANGES IN ASSET,LIABILITY AND EQUITY IN THE YEAR 2010 AND 2011

UTUSAN MELAYU (MALAYSIA) BERHAD

COMPARATIVE BALANCE SHEETS31 DECEMBER

2011 2010 Dollar

change

Precent

change

Non current Assets

Property, plant and equipment 228,844,764 242,297,907 (13453143) (5.55)

Investment properties 14,082,524 7,995,323 6087201 76.13

Intangible assets 1,742,291 2,292,142 (549851) (23.99)

Investments in associates 27,447,813 25,237,822 2209991 8.76

Innvestment securities 22,018,993 19,406,347 2675646 13.79Other investments 14,378,502 1,378,502 13000000 943.05

Deferred tax assets 1,301,734 1,171,286 130448 11.14

Long term receivables 584,065 450,224 133841 29.73

Trade and other receiveables 14,845,127 - 14845127 0

Total Non- Current Assets 325,245,813 300,229,553 25016260 8.33

Current Assets

Inventories 34,906,817 73,829,649 (38922832) (52.72)

Trade and other receivables 97,040,290 93,582,980 3457310 3.69

Investment securities - 1,089,467 (1089467) (100)

Cash and bank balances 67,598,236 48,557,013 19041223 39.21

Total Current Assets 199,545,343 217,059,109 (17513766) (8.07)

524,791,156 517,288,662 7502494 1.45

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UTUSAN MELAYU (MALAYSIA) BERHAD

COMPARATIVE BALANCE SHEETS

31 DECEMBER

Equity and Liabilities 2011 2010 Dollar

Change

Precent

change

Equity

Equity attributable to owners of

the parent

Share capital 110,733,837 110,733,837 -

Share premium 50,703,162 50,703,162 -

Other reserves 14,819,375 13,524,784 1294591 9.57

Retained earnings 133,787,586 115,464,745 18322841 15.87Total Equity 310,043,960 290,426,528 19617432 6.75

Liabilities

Non-Current Liabilities

Retirement benefit obligations 3,909,935 5,543,475 (1633540) (29.47)

Loans and borrowings 83,199,746 78,671,384 4528362 5.76

Deferred tax liabilities 12,528,753 17,214,988 (4686235) (27.22)

Total Non-current liabilities 99,638,434 101,429,847 (1791413) (1.77)

Current Liabilities

Retirement benefit obligations 570,625 730, 669 787,929 (99162199) (14.81)

Loans and borrowings 570,625 730 669 787,929 (99162199) (14.81)

Trade and other payables 56,137,019 61,880,654 (5743635) (9.28)

Taxation 1,557,400 2,153,538 (596138) (27.68)

Total liabilities 214,747,196 226,862,134 (12114938) (5.34)

Total Liabilities and Equity 524,791,156 517288662 7502494 1.45

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6.0 CHANGES IN NET INCOME AND REVENUE IN THE YEAR 2010 AND 2011

UTUSAN MELAYU (MALAYSIA) BERHAD

INCOME INFORMATION

FOR THE YEARS ENDED 31 DECEMBER

ITEM 2011(RM) 2010(RM)

REVENUES 366,552,571 341,227,744

COST OF SALES - -

GROSS PROFIT 366,552,571 341,227,744

ITEM 2011(%) 2010(%)

REVENUES 107.42 100

COST OF SALES - -

GROSS PROFIT 107.42 100

0

20

40

60

80

100

120

2011 2010

REVENUES

COST OF SALES

GROSS PROFIT

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7.0 RELEVANT CHANGES IN CASH FLOW AND SHAREHOLDERS

EQUITY STATEMENT

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8.0 FINANCIAL RATIOS

8.1 LIQUIDITY RATIOS

For year 2010

1) Current Ratio

=

=

= 1.73

2) Acid test ratio

=

=

= 1.14

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For year 2011

1) Current Ratio

=

=

= 1.73

2) Acid test ratio

=

=

= 1.43

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8.2 LEVERAGE RATIOS

For year 2010

1)

Debt ratio

=

=

= 43.86 %

2) Equity ratio

=

=

= 56.14 %

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For year 2011

1) Debt ratio

=

=

= 40.92 %

2) Equity ratio

=

=

= 59.08 %

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8.3 EFFICIENCY RATIOS

For year 2010

1)Day Sales Uncollect

=

x 365

=

x 365

= 72.5 days

2) Total Asset Turnover

=

=

=

= 0.87 times

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For year 2011

1) Days Sales Uncollect

=

x 365

=

x 365

= 87.5 days

2) Total Asset Turnover

=

=

=

=0.94 times

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8.4 PROFITABILITY RATIOS

For year 2010

1) Profit margin

=

=

x 100

= 0.66 %

2)Return on total Asset

=

= ()

=

= 0.58 %

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For year 2011

1) Profit margin

=

=

= 4.76 %

2)Return on total Asset

=

= ()

=

=0.04 %