FPT UNIVERSITY- CAMPUS CAN THO

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Group Assignment [ACC101]

Group: 4

Topic: BIBICA CORPORATION

Can Tho, 01/11/2022

TABLE OF CONTENT
A.Introduction
I. The background information of the company…….2
1. History, main brands, missions and objectives…2
2. Main business activities………………………....2
II. The position and market share of the company in the
market. Find its direct competitors?.......................................5
III. The shareholder's structure and important shareholders
of the chosen company……………………………………….6
1. Shareholders structure……………………………..6
2. Important shareholders……………………………..6
B. Analyze
I.Analyze in detail the changing of financial statements: Income
statement; Balance sheet; Statement of cash flow; Notes for
financial statement?.....................................................................6
II. Which kind of activity brings the largest revenue and
profit for the company………………………………..
…………….9
III. Compared to the previous financial year, comment on
the effectiveness of the chosen company in
2022…………………9
IV. What are your recommendations for the accounting
department of the
company?.......................................................10
V. Conclusion…………………………………………10
VI. Appendices…………………………………………….11

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A.Introduction:
I. The background information of the company.
1. History, main brands, vision, missions and core value.
History: (1)
 English name : BIBICA CORPORATION
 Abbreviations : BIBICA
 Charter capital : 154.207.820.000 VND
 Head office : 443 Ly Thuong Kiet, Ward 8, Tan Binh District, Ho Chi
Minh city.
 Phone number : (84.028)39717922
 Website : www.bibica.com.vn
 Stocks : BBC
 Business registration certificate no : 3600363970
 The company's predecessor was the candy factory of Bien Hoa Sugar factory,
established in 1990. In 1998, Bien Hoa Sugar Company was transformed from a
part of a state-owned enterprise into Bien Hoa Confectionery Joint Stock
Company. Bien Hoa Confectionery Joint Stock Company officially changed its
name to "Bibica Joint Stock Company" from January 17, 2007. By 2001, the
company's BBC stock code was listed on the City Stock Exchange Center. Ho Chi
Minh.
2. Main brands: Bibica Joint Stock Company is one of the leading confectionery
manufacturing and trading companies in Vietnam.
3. Vision, missions and core value: (2)
 Vision: Become the leading confectionery company in Vietnam
 Mission:
 Consumer benefits: Nutritional value and food hygiene and safety
 Social benefits: 100 classrooms, 1,000 scholarships.
 Core value:
 Providing customers with products with nutritional value, ensuring food safety
and hygiene, beautiful and attractive appearance, all for the health and preference
of customers.
 Continuously improve management and improve product and service quality to
get the best products and services at the best prices.
 Maintain mutually beneficial relationships with dealers, distributors, suppliers and
other business partners.
 Comply with state regulations, ensure food hygiene and safety conditions for
products produced at the company.
 Be responsible to society, contribute positively to society, protect the environment
for the quality of life of the community
2. Main business activities: (3)
 Sponge Cake:

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 Including 3 main brands: Hura Deli, Hura Swissroll and Hura Layer Cake with
many attractive flavors such as: Avocado, Com, Coconut, Milk, Strawberry, and
Orange. Bibica's sponge cake products offer consumers diverse choices in
packaging, flavors and consumer segments, suitable for all customers in Vietnam
and around the world.
In particular, Bibica owns many unique products on the Vietnamese market that
no other company can make such as 3-layer sponge cake, fresh milk cream
sponge cake,...
 Dry Cake Group:
Goody, Clown, Creamy, and Jamy Cookies have a variety of flavors with
attractive, eye-catching packaging...

 Bibica's Gooka Cracker is low in calories and fat, providing energy for the body
between meals. Gooka provides the right amount of calories for the body,
supporting the building of a reasonable scientific diet. Bibica's Cracker product
line is produced on a modern production line, with carefully selected ingredients,

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 with a unique flavor from high-quality Buttermilk, imported ingredients from
New Zealand.
 Wafer Roppy Cake: Multi-layered XOP cake with alternating layers of crunchy,
sweet and seductive cream "remix flavors", mixing flavors together to create a
strange feeling when eating, with a bold flavor, you won't get tired of eating it
again and again. is a new breakthrough in the wafer flavor market.
Bread :

 The product line with the O'live brand is highly appreciated by customers for its
quality and eye-catching packaging, making it an indispensable breakfast.
 Moon cake :

 With a reputable brand and many years of experience in the market, products with
a variety of choices in flavors and packaging, and efforts to introduce new,
nutritious and sourced flavors to the market. With natural ingredients, Bibica is
increasingly strengthening its position in the top of the moon cake market.
 Marshmallow :
Candy group: includes 3 main lines
 Hard candy (Michoco, Calytos, Bon Mua, Welly,...)

 Soft candy (Ahha, Sumika, Cherry....)

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  Marshmallows (Zoo origin, Zoo Monster, Zoo reptile).

 Bibica is the only company in the Vietnamese market with the capacity to
produce 3 types of candy to serve the diverse needs of consumers. Bibica's Candy
products are highly appreciated by customers for their quality and have been a
trusted and loved brand in Vietnam for more than 20 years.
II. The position and market share of the company in the market. Find its direct
competitors.
 Market share : Bibica is currently one of the 5 largest confectionery companies
in the industry with the leading candy product in the country accounting for 7.2%
of the market share, Bibica's dry cake line also accounts for about 20% of the
biscuit market share. Currently the company has 3 factories in Bien Hoa, Binh
Duong, Hung Yen with a total design capacity of about 19,000 tons of products of
all kinds/year.
 Direct competitors:
Kinh Do Corporation: Is one of Bibica's traditional competitors in the production
of confectionery and dry foods.
Mondelez International: This group is one of the world's leading companies in the
food sector, specializing in producing products such as cookies, chocolate and
snacks.
Huu Nghi Food : is also one of Bibica's traditional competitors in the production
of confectionery and dry foods.
HAIHACO: is also one of Bibica's traditional competitors in the production of
confectionery and dry foods.

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 III. The shareholder's structure and important shareholders of the chosen company.
1. Shareholders structure.

2. Important shareholders: (4)

 Chairman of the board : Mr. Truong Phu Chien
 Independent member of the Board of Directors :
Mrs. Nguyen Ngoc Anh
Mr. Vu Cuong
 Member of management Council:
Nguyen Van Khai
Nguyen Quoc Hoang
B. Analyze
I.Analyze in detail the changing of financial statements: Income statement; Balance
sheet; Statement of cash flow; Notes for financial statement?
2021 : (5)
2022 : (6)

 Total asset ( Balance Sheet )

2021 2022

270 Total asset 1.639.538.136.486 1.850.377.772.614

In 2021: 1.639.538.136.486
In 2022: 1.850.377.772.614

 Total liabilities ( Balance Sheet )

2021 2022

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 300 Total liabilities 658.073.870.149 487.056.290.781
In 2021: 658.073.870.149
In 2022: 487.056.290.781

 Total equity ( Balance Sheet )

2021 2022

400 Total equity 981.464.266.337 1.363.321.484.833

In 2021 : 981.464.266.337
In 2022 : 1.363.321.484.833

 Revenue from sales and provision of service ( Income Statement )

2021 2022

10 Revenue from sales and 1.091.174.440.134 1.612.663.159.316

provision of service
In 2021: 1.091.174.440.134
In 2022: 1.612.663.159.316

 Gross profit: Revenue - Cost of good sold (COGS) ( Income Statement )

2021 2022

10 Revenue from sales and 1.091.174.440.134 1.612.663.159.316

provision of service

11 COGS 770.006.470.567 1.135.991.686.092

Gross profit 321.167.969.567 476.671.473.224

 Net operating profit ( Income Statement )

2021 2022

30 Net operating profit 23.912.383.265 73.443.876.144

In 2021 : 23.912.383.265
In 2022 : 73.443.876.144
 Profit before tax ( Income Statement )
2021 2022

50 Profit before tax 29.892.588.116 233.022.760.593

In 2021: 29.892.588.116

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 In 2022: 233.022.760.593

 Net profit after tax ( Income Statement )

2021 2022

60 Net profit after tax 22.400.282.622 96.616.397.824

In 2021: 22.400.282.622

In 2022: 96.616.397.824

 Earning per share ( Income Statement )

2021 2022

70 Earning per share 1.380 9.797

In 2021: 1.380
In 2022: 9.797

 Net cash flow from operating activities ( Cash Flow Statement )

2021 2022

20 Net cash flow from 505.034.782.010 (81.005.784.954)

operating activities
In 2021 : 505.034.782.010
In 2022: - 81.005.784.954

 Net cash flow from investing activities ( Cash Flow Statement )

2021 2022

30 Net cash flow from (176.488.423.915) (36.117.439.751)

investing activities
In 2021 : - 176.488.423.915
In 2022: - 36.117.439.751

 Net cash flow from financing activities ( Cash Flow Statement )

2021 2022

40 Net cash flow from (237.973.684.804) 66.565.394.441

financing activities
In 2021 : - 237.973.684.804
In 2022 : 66.565.394.441

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  Debt ratio: Total liabilities / total asset
( Total liabilities và total assets from balance sheet )
2021 2022

Total liabilities 658.073.870.149 487.056.290.781

Total asset 1.639.538.136.486 1.850.377.772.614

Debt ratio 0.40 0.26

⇒ Bibica debt ratio in both 2021 and 2022 is always low, both less than 1 and tends to decrease.
In 2021, the company will reach 0.40 and decrease to 0.26 in 2022 ⇒ showing that the company
has little debt and is financially independent.

 Current ratio: Current asset / current liabilities

( Current assets và current liabilities from the balance sheet )
2021 2022

Current asset 578.230.851.763 694.738.396.887

Current liabilities 520.240.164.491 472.466.240.448

Current ratio 1.11 1.47

⇒ Bibica’s current ratio in 2 years from 2021 to 2022 is greater than 1. In 2021, the company's
current ratio is 1.11 and then increases to 1.47 in 2022. And it shows the possibility that the
company's ability to pay short-term debt is good and stable.

 Equity ratio: Total equity / total asset

( Total equity và total asset from the balance sheet )
2021 2022

Total equity 981.464.266.337 1.363.321.484.833

Total asset 1.639.538.136.486 1.850.377.772.614

Equity ratio 0.60 0.74

⇒ Bibica's equity ratio is quite low when both years are below 1, in 2021 the company will reach
0.60 and in 2022 it will reach 0.74
=> This shows that Bibica has a stable business and is always financially independent. When
operating based on equity sources and less dependent on debt

 Return to total asset ratio ( ROA ) : Net income / total asset

( Net income và total asset from balance sheet )
2021 2022

Net income 22.400.282.622 192.916.695.007

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 Total asset 1.639.538.136.486 1.850.377.772.614

ROA 1.37% 10.43%

⇒ Bibica ROA is not good as it is quite small. In 2021, the company will reach 1.37% and in
2022 it will be 10.43%. However, due to the impact of the Covid - 19 pandemic, the company is
showing signs of growth again.
II. Which kind of activity brings the largest revenue and profit for the
company.

2021 2022

20 Net cash flow from 505.034.782.010 (81.005.784.954)

operating activities

30 Net cash flow from (176.488.423.915) (36.117.439.751)

investing activities

40 Net cash flow from (237.973.684.804) 66.565.394.441

financing activities

According to statistics from the company's cash flow statement, financial activities bring
the largest revenue and profit to the company. Because, financial activities have had a
large growth rate when in 2021 revenue and profit were at (-) when reaching (-
237.973.684.804) but by 2022 they reached (+) at 66.565.394.441
III. Compared to the previous financial year, comment on the effectiveness of the
chosen company in 2022.
Compared to 2021, Bibica business will be more stable and efficient in 2022 :
 Bibica debt ratio in 2021, the company will reach 0.40 and decrease to 0.26 in
2022
=> showing that the company has little debt and is financially independent.
 Bibica current ratio in 2021, the company's current ratio is 1.11 and then increases
to 1.47 in 2022. And it shows the possibility that the company's ability to pay
short-term debt is good and stable.
 Bibica's equity ratio is quite low when both years are below 1, in 2021 the
company will reach 0.60 and in 2022 it will reach 0.74
=> This shows that Bibica has a stable business and is always financially independent.
When operating based on equity sources and less dependent on debt
 Bibica ROA in 2021, the company will reach 1.37% and in 2022 it will be
10.43%. However, due to the impact of the Covid - 19 pandemic, the company is
showing signs of growth again.
IV. What are your recommendations for the accounting department of the company?
 Technological Factors:
Implement accounting software to automate and streamline financial processes.
Integrate cloud-based accounting systems for easier access and storage of
information.
Ensure data security measures are in place to protect the company's financial
information.
 Human Resources Management:

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 Provide regular training and development programs for accounting staff to update
skills and knowledge.
Build a culture of teamwork and open communication within the department to
enhance collaboration and efficiency.
Implement a performance appraisal system to recognize and reward outstanding
performers.
V. Conclusion.
Based on reports and analysis of Bibica's financial data in the most recent 2 years from
2021 to 2022, it can be seen that Bibica has a relatively good and stable financial
situation. The company has a very stable growth rate over the years. Despite the impact
of the Covid-19 epidemic in 2021, Bibica still shows good business speed with stable
growth.

VI. Appendices.
1. : vnr500.com. Thong tin doanh nghiep/ Cong ty CP Bibica. Available:
https://vnr500.com.vn/Thong-tin-doanh-nghiep/CONG-TY-CP-BIBICA--Chart--204-
2017.html
2. : bibica.com. Tầm nhìn, sứ mệnh và giá trị cốt lõi. Available:
http://www.bibica.com.vn/templates/pictures/files/94_20220420%20-BBC%20-
%20BAO%20CAO%20THUONG%20NIEN%202021.pdf
3. : bibica.com.vn. Hoạt động kinh doanh chính của Bibica. Available:
http://www.bibica.com.vn/templates/pictures/files/5_20230418%20-%20BBC%20-
%20CBTT%20BC%20THUONG%20NIEN%202022.pdf
4. : bibica.com.vn. Sơ đồ tổ chức, hội đồng quản trị. Available:
http://www.bibica.com.vn/templates/pictures/files/5_20230418%20-%20BBC%20-
%20CBTT%20BC%20THUONG%20NIEN%202022.pdf
5. : bibica.com.vn. Báo cáo thường niên 2021. Available:
http://www.bibica.com.vn/templates/pictures/files/94_20220420%20-BBC%20-
%20BAO%20CAO%20THUONG%20NIEN%202021.pdf
6. : bibica.com.vn. Báo cáo thường niên 2022. Available:
http://www.bibica.com.vn/templates/pictures/files/5_20230418%20-%20BBC%20-
%20CBTT%20BC%20THUONG%20NIEN%202022.pdf
 Calculation of Question 4 :
 Gross profit = Revenue - Cost of good sold (COGS)
 Debt ratio = Total liabilities / Total asset
 Current ratio = Current asset / Current liabilities
 Equity ratio = Total equity / Total asset
 Return to total asset ratio ( ROA ) = Net income / Total asset

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