FIN750 PETRONAS

7/25/2019 FIN750 PETRONAS

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COMMON SIZE ANALYSIS


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ASSETS

Common-SizeAnalysis 2014,

%


%


%Property, plant and

equipment 4!"1 4"!0# 4$!0&n'estment properties 1!" 2!02 2!20

(and )eld *orde'elopment $ 0!33 0!3" 0!32Prepaid lease payments" 0!1 0!1 0!20

&n'estments inasso+iates 0!"0 0!#1 0!#1

&n'estments in oint'entures 1!#2 1!$# 1!$&ntani.le assets $!"1 "!$0 "!2(on term re+ei'a.les 2!3" 2!02 0!#4

/und and ot)erin'estments 1!44 1!#$ 1!"e*erred ta assets 1!4" 1!2$ 1!32Cas) and +as)equi'alents - - 0!03

TOTAL NON-CURRENT

ASSETS 64.27 62.44 61.50


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EQUITY

S)are +apital 0!02 0!02 0!02

eser'es "$!# "3!$0 "2!#4

Total equity attri.uta.le tos)are)olders o* t)e Company "$! "3!$2 "2!#"

5on-+ontrollin interests "!3 "!0 "!$4

TOTAL EQUITY 72.92 70.42 69.30

LIABILITIES

6orro7ins $!$ $!4 "!2

e*erred ta lia.ilities 2!41 2!1# 2!38t)er lon term lia.ilities andpro'isions $!3 $!3 $!41

TOTAL NON-CURRENT LIABILITIES 13.83 13.05 14.63

Trade and ot)er paya.les 11!1 12!2" 11!3

6orro7ins 1!2" 2!43 2!04

Taation 0!0 0! 1!

i'idend paya.le - 0!$ 0!11

TOTAL CURRENT LIABILITIES 13.25 16.53 16.07

TOTAL LIABILITIES 27.08 29.58 30.70

TOTAL EQUITY AND LIABILITIES 100 100 100


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C89985 S&:EA5A(;S&S 2014,%

C89985 S&:EA5A(;S&S 2013,%

C89985 S&:EA5A(;S&S2012,%

e'enue 100!00 100!00 100!00

Cost o* re'enue "$!#$ "4!$4 "2!"


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/inan+ial ratio .ased on t)e return onequity ratio

>?; @@

To analyze a +ompanys a.ility toin+rease its return on equity

Equation =8E B Prot 9arin Assets Turno'er Equity

9ultiplier

P85T A5A(;S&S


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8E B Prot 9arin Assets Turno'er Equity 9ultiplier

uPont analysis tells us t)at 8E isaDe+ted .y t)ree t)ins

1! 8peratin e+ien+y, 7)i+) is measured.y prot marin

2. Ability of your assets to be turned into profits,

7)i+) is measured .y total asset turno'er

3. The amount of financial leverage used by the

company, 7)i+) is measured .y t)e equitymultiplier


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P85T A5A(;S&S =PET85AS

2014 2013 2012

P8/&T 9A


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8E

8E 23% 22% 24%

2014 2013 2012

8E o* t)e +ompany isde+reasin *rom 24% in2012 to 22% in 2013!

&t s)o7s t)at t)e

+ompany is not ro7inand less eDe+ti'e inenerate earnin!

&n 2014, 8E in+rease .y1% *rom 22% to 23%!


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P8/&T 9A


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ASSETS T58FE

T8TA( ASSETST58FE

0!4$ 0!4$ 0!42

2014 2013 2012

T)e total asset turno'erin+rease *rom 0!42 in 2012to 0!4$ in 2013 and remaint)e same in 2014!

Total assets in+reased at a

lo7er +lip *rom 2013 to2014!

T)e 8E in+rease 7as notreally related to Petronasa.ility to maKe more moneyon t)eir assets .e+ause t)eassets turno'er is nelii.le!

Total Assests 301,#20!00 24,3$1!00

&TE9S H9 9illI J ;EA 2014 2013


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/&5A5C&A( (EFEA


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Con+lusion

Petronass return on equity is in+reasin *rom last year and it isprimarily in+reasin .e+ause o* t)e in+reasin in prot marins!

T)e +ompany is eneratin sales 7)ile maintainin a lo7er +ost o*oods as e'iden+ed .y its )i)er prot marin and le'erae t)eir

operatin a+ti'ities! Petronas s)ould impro'e t)eir assets turno'er e+ien+y due toun+)aned in TAT8 ratio in 2014 to 201$! T)ey s)ould eamine t)e7ays all o* t)e ed assets are .ein used and impro'e t)e output t)eyet *rom t)ose assets!

E =

1!9aKe sure ma+)ine output and determine to in+rease t)e output 7it)outin+reasin la.or +ost!

2!/or deli'ery 'e)i+les, +)e+K 7)et)er its lea'e t)e plant *ull or need to

maKe se'eral trips 7it) smaller loads!

C85C(S&85 L

EC899E5AT&85


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T?A5M ;8

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FIN750 PETRONAS