Table of Contents

Page Number Company Background--------------------------------------------- Mission, Vision and Core Value---------------------------------- Annual Report ? ---------------------------------------------------- Purpose of Auditing Financial Statements--------------------- Net Sales (Revenue) ---------------------------------------------- Net Profit before Tax ---------------------------------------------- Cash and Bank ----------------------------------------------------- Total Inventories --------------------------------------------------- Total Assets, Liabilities and Equity ----------------------------- Accounting Equation ---------------------------------------------- Listed Assets ------------------------------------------------------- Depreciation Method ---------------------------------------------- References --------------------------------------------------------- Sources-------------------------------------------------------------- 3 4 5 6 6 7 7 7 8 8 8 8 9 10

Company Background Established in 1991 with only one factory and three production lines, Top Glove has since grown by leaps and bounds to become the world's largest rubber glove manufacturer. Top Glove places customer satisfaction at the very heart of its business; hence has put a great deal of emphasis on research and development to ensure continual improvement in its product quality and production efficiency.

In order to stay ahead of the curve in product development, it collaborates closely with government agencies and ministries to keep itself abreast of the latest development in rubber research technology. It has now earned itself a reputation of being a one-stop glove sourcing Centre offering an extensive and complete range of high-quality, high value-added and cost-effective rubber gloves.

It was listed on the Malaysian bourse, Bursa Saham Kuala Lumpur on 27 March 2001. In a short span of slightly more than a year, on 16 May 2002, Top Glove Corporation Berhad's listing was successfully promoted from the Second Board to the Main Market of the Kuala Lumpur Stock Exchange. Top Glove has a shareholder fund of RM1.09 billion or USD358 million with an annual turnover of about RM2.05 billion or USD682 million as at financial year ended 31 August 2011. It is also one of the component stocks of the FTSE Bursa Malaysia ("FBM") Mid 70 Index, FBM Top 100 Index and FBM Emas Index with a market capitalization of RM3.01 billion as at 31 August 2011.

In line with its objective of capturing a larger share in the world market, the company has undertaken a rapid expansion of its capacity. Its manufacturing facilities which spread across Malaysia, Thailand and China grew from 5 in 2001 to
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21 in 2011, and will soon be expanding to 23 by end of 2012. Top Glove exports to approximately 1000 customers in over 185 countries through its sales and marketing offices in Malaysia, the United States and Germany. Mission To be a World Class Glove Manufacturer Providing Top Quality Products with Excellent Services through Continuous Improvement and Innovation. Vision We Strive To Be The Worlds Leading Manufacturer with Excellent Quality Glove Products and Services That Enrich and Protect Human Lives.

Values Global Customer Satisfaction Do it Right First Time & Every Time Integrity & Total Commitment Excellence in Quality & Competitiveness Environment Friendly and Social Responsibility

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What Is Annual Report? An annual report is a statement prepared by a publicly traded company and distributed to employees, customers, shareholders, and the general community. An annual report is a comprehensive report on a company's activities throughout the preceding year or last year. Besides, an annual report is a document produced annually by companies designed to portray a true and fair view of the companys annual performance, with audited financial statements prepared in accordance with company law and other regulatory requirements, and also containing other non-financial information. The contents of an annual report provide information about how well the business is doing financially, upcoming changes projected for the next year, and the management staff of the company. Concerned parties, such as shareholders, can use an annual report to make important decisions. Its should include: A balance sheet A profit and loss account A cash flow statement A Directors Report Functions of the annual report The stewardship and accountability function Reporting to shareholders. The decision making function To provide information about performance and changes in the financial position of an enterprise that is useful to a wide range of users in making economic decisions. Providing users, especially shareholders with financial information so that they can make decisions such as buying or selling shares. The public relations function The annual report is an opportunity to publicize the corporate image

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Purposes of Auditing Financial Statements The purpose of auditing the financial statements is to provide an outside look into the heart of a company's operations and to ensure that financial transactions are recorded properly on company books. Audited financial statements are an important piece of information for investors and economists when judging the health of a company and the overall economy. Besides, financial statement audit is to determine whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and

significant estimates made by management, as well as evaluating the overall financial statement presentation.

5.

Identify net sales (revenue) for the latest year. How much did total revenue

increase or decrease from the previous year?

Revenue 2011 2010

Group RM 2,053,916 RM 2,079,432

Company RM 84,775 RM 55,205

Group

: RM 2,053,916 - RM 2,079,432 = RM 25,516

The value is decrease for the group. Company : RM 84,775 - RM 55,205 = RM 29,570

The value is increase for the company.

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6.

How much net profit before tax did the company experience for the latest

years? Do you think the companys performance has improved or diminished? Company Net Profit Before TAX 2011 (RM) 82,418 2010 (RM) 53,656

Yes, The Companys performance has improved by RM 28,762.

7.

How much in cash and bank did the company have on its latest balance

sheet date? Year 2011 2010 Group (RM) 148,760 262,930 Company (RM) 142 3,015

= RM 142 cash in cash equivalents.

8.

What were the companys total inventories at the latest year end?

Company (RM) Total Inventories 2011 2010 -

Group (RM) 2011 175,532 2010 167,511

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= RM 175,532

9.

What were the companys total assets, liabilities and equity at the latest

year end?

Year - - - - - - - - Total Asset Total Liabilities Total Equity

2011 RM 492,107 RM 531 RM 491,576

10.

Write the companys accounting equation as at the latest year end by

filling in the dollar amounts?

Assets = Liabilities + Owners Equity RM 492,107 = RM 531 + RM 491,576

11.

List down the fixed assets listed in Property, Plant and Equipment (PPE)

owned by the companies. i) Buildings ii) Plant and equipment iii) Other assets

12.

State the depreciation method used by the companies.

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This Top Glove Corporation Bhd, company used a straight-line basis depreciation method.

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