Công ty CP Dược Viễn Đông

Unit: Million VND

Balance Sheet 2007 2008 2009 2010
Current assets 109,023 198,521 571,731 1,023,645 Working capital
Cash and cash equivalent 4,508 3,660 102,048 1,600
Short-term investment 0 0 0 0
Recievable 68,501 111,571 371,117 960,928
Inventories 33,748 81,036 96,844 56,200
Others Current assets 2,256 2,255 1,722 4,917
Non-current assets 36,779 51,852 151,548 366,796
Fixed assets 35,575 49,567 147,760 181,529
Long-term investment 0 0 0 184,300
Total Assets 145,802 250,373 723,278 1,390,441
Liabilities 56,532 102,538 289,950 918,826
Current liabilities 52,316 97,537 283,664 913,306
Non current liabilities 4,216 5,002 6,286 5,519
Equity 89,270 130,681 430,070 171,616
Capital contributed by owner 70,000 89,100 119,100 119,100
Share premium 0 18,000 219,440 219,440
Retained earning 19,270 23,300 93,111 133,076
Minority interest 0 17,153 3,259 0
Total Liabilities and equity 145,802 250,373 723,278 1,390,441
2007 2008 2009 2010
56,707 100,984 288,067 110,339
Income Statement 2007 2008 2009 2010
Net sales 525,739 640,766 917,186 848,166
Cost of good sold 465,004 530,996 701,405 618,878
Gross profit 60,735 109,770 215,782 229,288
Financial income 16 56 857 885
Financial expenses 2,058 10,603 11,615 64,864
Selling expense 4,451 16,293 33,523 13,363
Administrative expense 27,899 47,476 34,978 48,891
Operating profit 26,343 35,454 136,523 103,056
Others profit/loss (net) (38) (491) (2,050) 14
Profit before taxes 26,305 34,963 134,474 103,070
Net profit 18,534 25,007 108,748 72,974
Unit: Million VND
 Công ty CP Dược Viễn Đông
Unit: Million VND
Balance Sheet 2007 2008 2009 2010
Current assets 109,023 198,521 571,731 1,023,645
Cash and cash equivalent 4,508 3,660 102,048 1,600
Short-term investment 0 0 0 0
Recievable 68,501 111,571 371,117 960,928
Inventories 33,748 81,036 96,844 56,200
Others Current assets 2,256 2,255 1,722 4,917
Non-current assets 36,779 51,852 151,548 366,796
Fixed assets 35,575 49,567 147,760 181,529
Long-term investment 0 0 0 184,300
Total Assets 145,802 250,373 723,278 1,390,441
Liabilities 56,532 102,538 289,950 918,826
Current liabilities 52,316 97,537 283,664 913,306
Non current liabilities 4,216 5,002 6,286 5,519
Equity 89,270 130,681 430,070 171,616
Capital contributed by owner 70,000 89,100 119,100 119,100
Share premium 0 18,000 219,440 219,440
Retained earning 19,270 23,300 93,111 133,076
Minority interest 0 17,153 3,259 0
Total Liabilities and equity 145,802 250,373 723,278 1,390,441
 Công ty CP Dược Viễn Đông
Unit: Million VND
2007 2008 2009 2010
Liquidity Ratios
Current Ratios 2.08 2.04 2.02 1.12
Quick Ratios 1.40 1.18 1.67 1.05
Cash Ratios 0.09 0.04 0.36 0.00
Solvency Ratios
D/A 0.39 0.41 0.40 0.66
D/E 0.63 0.78 0.67 5.35
A/E 1.63 1.80 1.74 3.51
D/C 0.39 0.41 0.40 0.66
Interest coverage
Profitabiltity Ratios
Gross profit margin 11.55% 17.13% 23.53% 27.03%
Operating profit margin 5.01% 5.53% 14.88% 12.15%
Pretax profit margin 5.00% 5.46% 14.66% 12.15%
Net profit margin 3.53% 3.90% 11.86% 8.60%
ROA 12.71% 12.62% 22.34% 6.90%
ROE 20.76% 22.74% 38.79% 24.26%
Activity Ratios
Working capital turnover 9.27 8.13 4.71 4.26
Fixed asset turnover 14.78 15.05 9.30 5.15
Total asset turnover 3.61 3.23 1.88 0.80
Inventory turnover 13.78 9.25 7.89 8.09
DOH 26.49 39.45 46.28 45.13
Receivables turnover 7.67 7.12 3.80 1.27
DSO 47.56 51.29 96.04 286.62
Dupont analysis
Net profit margin 3.53% 3.90% 11.86% 8.60%
Total asset turnover 3.61 3.23 1.88 0.80
Financial leverage 1.63 1.80 1.74 3.51
ROE 20.76% 22.74% 38.79% 24.26%
ROA 12.71% 12.62% 22.34% 6.90%
 Công ty CP Dược Viễn Đông

Balance Sheet 2007 Million VND % 2008 Million VND %

Current assets 109,023 89,498 82.09% 198,521 373,210 188.00%
Cash and cash equivalent 4,508 -848 -18.81% 3,660 98,388 2688.20%
Short-term investment 0 0 #DIV/0! 0 0 #DIV/0!
Recievable 68,501 43,070 62.87% 111,571 259,546 232.63%
Inventories 33,748 47,288 140.12% 81,036 15,808 19.51%
Others Current assets 2,256 -1 -0.04% 2,255 -533 -23.64%
Non-current assets 36,779 15,073 40.98% 51,852 99,696 192.27%
Fixed assets 35,575 13,992 39.33% 49,567 98,193 198.10%
Long-term investment 0 0 #DIV/0! 0 0 #DIV/0!
Total Assets 145,802 104,571 71.72% 250,373 472,905 188.88%
Liabilities 56,532 46,006 81.38% 102,538 187,412 182.77%
Current liabilities 52,316 45,221 86.44% 97,537 186,127 190.83%
Non current liabilities 4,216 786 18.64% 5,002 1,284 25.67%
Equity 89,270 41,411 46.39% 130,681 299,389 229.10%
Capital contributed by owner 70,000 19,100 27.29% 89,100 30,000 33.67%
Share premium 0 18,000 #DIV/0! 18,000 201,440 1119.11%
Retained earning 19,270 4,030 20.91% 23,300 69,811 299.62%
Minority interest 0 17,153 #DIV/0! 17,153 -13,894 -81.00%
Total Liabilities and equity 145,802 104,571 71.72% 250,373 472,905 188.88%
 Unit: Million VND
2009 Million VND % 2010
571,731 451,914 79.04% 1,023,645
102,048 -100,448 -98.43% 1,600
0 0 #DIV/0! 0
371,117 589,811 158.93% 960,928
96,844 -40,644 -41.97% 56,200
1,722 3,195 185.54% 4,917
151,548 215,248 142.03% 366,796
147,760 33,769 22.85% 181,529
0 184,300 #DIV/0! 184,300
723,278 667,163 92.24% 1,390,441
289,950 628,876 216.89% 918,826
283,664 629,642 221.97% 913,306
6,286 -767 -12.20% 5,519
430,070 -258,454 -60.10% 171,616
119,100 0 0.00% 119,100
219,440 0 0.00% 219,440
93,111 39,965 42.92% 133,076
3,259 -3,259 -100.00% 0
723,278 667,163 92.24% 1,390,441
 Công ty CP Dược Viễn Đông
Unit: Million VND
Balance Sheet 2007 2008 2009 2010
Current assets 109,023 198,521 571,731 1,023,645
Cash and cash equivalent 4,508 3,660 102,048 1,600
Short-term investment 0 0 0 0
Recievable 68,501 111,571 371,117 960,928
Inventories 33,748 81,036 96,844 56,200
Others Current assets 2,256 2,255 1,722 4,917
Non-current assets 36,779 51,852 151,548 366,796
Fixed assets 35,575 49,567 147,760 181,529
Long-term investment 0 0 0 184,300
Total Assets 145,802 250,373 723,278 1,390,441
Liabilities 56,532 102,538 289,950 918,826
Current liabilities 52,316 97,537 283,664 913,306
Non current liabilities 4,216 5,002 6,286 5,519
Equity 89,270 130,681 430,070 171,616
Capital contributed by owner 70,000 89,100 119,100 119,100
Share premium 0 18,000 219,440 219,440
Retained earning 19,270 23,300 93,111 133,076
Minority interest 0 17,153 3,259 0
Total Liabilities and equity 145,802 250,373 723,278 1,390,441
 Công ty CP Dược Viễn Đông
Unit: Million VND
Balance Sheet 2007 2008 2009 2010
Current assets 74.77% 79.29% 79.05% 73.62%
Cash and cash equivalent 3.09% 1.46% 14.11% 0.12%
Short-term investment 0.00% 0.00% 0.00% 0.00%
Recievable 46.98% 44.56% 51.31% 69.11%
Inventories 23.15% 32.37% 13.39% 4.04%
Others Current assets 1.55% 0.90% 0.24% 0.35%
Non-current assets 25.23% 20.71% 20.95% 26.38%
Fixed assets 24.40% 19.80% 20.43% 13.06%
Long-term investment 0.00% 0.00% 0.00% 13.25%
Total Assets 100% 100.00% 100% 100%
Liabilities 38.77% 40.95% 40.09% 66.08%
Current liabilities 35.88% 38.96% 39.22% 65.68%
Non current liabilities 2.89% 2.00% 0.87% 0.40%
Equity 61.23% 52.19% 59.46% 12.34%
Capital contributed by owner 48.01% 35.59% 16.47% 8.57%
Share premium 0.00% 7.19% 30.34% 15.78%
Retained earning 13.22% 9.31% 12.87% 9.57%
Minority interest 0.00% 6.85% 0.45% 0.00%
Total Liabilities and equity 100% 100% 100% 100%
 Công ty CP Dược Viễn Đông
Unit: Million VND
Balance Sheet 2007 2008 2009 2010
Current assets 109,023 198,521 571,731 1,023,645
Cash and cash equivalent 4,508 3,660 102,048 1,600
Short-term investment 0 0 0 0
Recievable 68,501 111,571 371,117 960,928
Inventories 33,748 81,036 96,844 56,200
Others Current assets 2,256 2,255 1,722 4,917
Non-current assets 36,779 51,852 151,548 366,796
Fixed assets 35,575 49,567 147,760 181,529
Long-term investment 0 0 0 184,300
Total Assets 145,802 250,373 723,278 1,390,441
Liabilities 56,532 102,538 289,950 918,826
Current liabilities 52,316 97,537 283,664 913,306
Non current liabilities 4,216 5,002 6,286 5,519
Equity 89,270 130,681 430,070 171,616
Capital contributed by owner 70,000 89,100 119,100 119,100
Share premium 0 18,000 219,440 219,440
Retained earning 19,270 23,300 93,111 133,076
Minority interest 0 17,153 3,259 0
Total Liabilities and equity 145,802 250,373 723,278 1,390,441

Assets L
2500% 2000%
1800%
2000% 1600%
1400%
1500%
1200%
1000%
1000%
800%
500% 600%
400%
0% 200%
1 2 3 4
0%
1 2
Cash and cash equivalent Recievable
Inventories Fixed assets Current liabiliti
 Balance Sheet 2007 2008 2009 2010
Current assets 100% 182% 524% 939%
Cash and cash equivalent 100% 81% 2264% 35%
Short-term investment 100% #DIV/0! #DIV/0! #DIV/0!
Recievable 100% 163% 542% 1403%
Inventories 100% 240% 287% 167%
Others Current assets 100% 100% 76% 218%
Non-current assets 100% 141% 412% 997%
Fixed assets 100% 139% 415% 510%
Long-term investment 100% #DIV/0! #DIV/0! #DIV/0!
Total Assets 100% 172% 496% 954%
Liabilities 100% 181% 513% 1625%
Current liabilities 100% 186% 542% 1746%
Non current liabilities 100% 119% 149% 131%
Equity 100% 146% 482% 192%
Capital contributed by owner 100% 127% 170% 170%
Share premium 100% #DIV/0! #DIV/0! #DIV/0!
Retained earning 100% 121% 483% 691%
Minority interest 100% #DIV/0! #DIV/0! #DIV/0!
Total Liabilities and equity 100% 172% 496% 954%

Liabilities Equity
2000% 800%
1800% 700%
1600%
600%
1400%
1200% 500%

1000% 400%
800% 300%
600%
200%
400%
200% 100%

0% 0%
1 2 3 4 1 2

Current liabilities Non current liabilities Capital contributed by owner

 Equity

2 3 4

l contributed by owner Retained earning