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Assets
Current Assets RM RM
Cash and Cash Equivalents 29,957,489.00 36,530,356.00 21.94%
Fixed deposits 90,669.00 -
Net Receivables 10,156,799.00 8,930,564.00 -12.07%
Inventory 8,564,331.00 13,020,231.00 52.03%
Tax Recoverable 182,227.00 74,058.00 -59.36%
Total Current Assets 48,951,515.00 58,555,209.00 19.62%
Non Current Assets
PP&E 81,591,236.00 74,975,057.00 -8.11%
Total Assets 130,542,751.00 133,530,266.00 2.29%
Liabilities
Current Liabilities
Accounts Payable 4,859,193.00 8,148,335.00 67.69%
Tax payable 16,026.00 -
Total Current Liabilities 4,875,219.00 8,148,335.00 67.14%
Stockholders' Equity
Misc Stock Options/Warrants 30,495,655.00 30,495,655.00 0.00%
Share premium 15,584,529.00 15,584,529.00 0.00%
Common Stock 82,132,400.00 82,132,400.00 0.00%
Retained Earnings 22,292,879.00 24,113,425.00 8.17%
Treasury Stock (281.00) (360.00) -28.11%
Other Stockholder Equity (30,495,655.00) (30,495,655.00) 0.00%
Total Stockholder Equity 120,009,527.00 121,829,994.00 1.52%
Total equity and Liabilities 130,542,751.00 133,530,266.00 2.29%
A balance sheet summarises the company’s assets, liabilities, and equities. The balance sheet
also contains the comparative figures from the previous year, so that the year-on-year change
can be measured. So, management and investors can get a clear view of the company’s financial
position.
The total assets of Bright Packaging Industry Berhad has increased by 2.29%, from RM
inventory and cash and cash equivalents depicted an upward trend. Cash and cash equivalents
represent the liquid cash that can be used for immediate purchases. The increase in cash and
Besides that, total liabilities have increased by 11.08% over the year. Accounts payable has
upended this upward trend by a large increase from RM 4,859,193 to RM 8,148,335. This could
signal that the company is facing a problem with meeting its immediate obligations. Coupled
with the increase of its debt ratio, the company seems to be facing difficulties in satisfying its
The total stockholder equity has increased by 1.52% due to an increase in retained earnings of
8.17%. This increase can be attributable to massive improvement in sales revenue as well as
slightly better management of operating expenses. Sales revenue has increase over the year by