BRIGHT PACKAGING INDUSTRY BERHAD BALANCE SHEET

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%

Long Term Debt

Deferred LT Liability Charges 5,658,005.00 3,551,937.00 -37.22%
Total Liabilities 10,533,224.00 11,700,272.00 11.08%

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

130,542,751 to RM 133,530,266. Most of the components exhibited a decrease. However,

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

cash equivalents is a good signal of the Bright Packaging Industry Berhad.

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

debt obligations. This indicates an increase in credit risk.

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

39.49%, from RM 44,713,975 to RM 62,373,708. Whereas, the operating expenses has

decreased by 2.17%, from RM 4,685,983 to RM 4,584,481.