Selection

In: Business and Management

Submitted By shobana877
Words 831
Pages 4
The annual reports of An Joo and Southern Steel at 2011 and 2012 have been compared and results were interpreted in terms of liquidity, profitability, solvency and asset management. The annuals reports were compared for the assessment of past performance and current position as well as to determine the future potential and related risk.
1) ASSESSMENT OF PAST PERFORMANCE AND CURRENT POSITION

The financial statements of An Joo and Southern Steel has been analysed to determine the past performance which is an indicator of future performance. This is important in judging management’s past performance but also as a possible indicator of future performance. In addition, an analysis of current position also carried out to identifywhat assets the business owns and what liabilities must be paid. Analysis of current position also shows what the cash position is, how much debt the company has in relation to equity, and what levels of inventories and receivable exist.

2) ASSESSMENT OF FUTURE POTENTIAL AND RELATED RISK

Information about the past and present is useful only to the extent that it bears on decisions about the future. The analysis of financial statements of An Joo and Southern Steel also important for the investor to judge the potential earning ability of these companies because that ability will affect the market price of the company’s stock and the amount of dividends the company will pay. The analysis of financial statements is an important factor to the creditorsto judge the potential debt-paying ability. Hence, the riskiness of an investment or loan from An Joo and Southern Steel depends on how easy it is to predict future profitability or liquidity of these companies.

LIQUIDITY
Liquidity implies an ability to convert assets into cash or to obtain cash. Short-term refers to one year or the normal operating cycle of the…...

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