The statement of comprehensive income illustrates the financial performance and results of operations of a particular company or entity for a period of time. Referring to the company’s Statement of Comprehensive Income, as known as Profit and Loss statement, we can conclude that Amway (M) Sdn.Bhd had increased the total net profit amounted of RM 11,687,000 from the year 2010 (Amounted at RM 78,272,000) to year 2011 (Amounted at RM 89,959,000), this is because of Amway’s new strategy as throwing further weight behind aggressive sales and marketing programmes, to fully stimulate demand in support of Amway Distributors retailing and sponsoring activities.
From the Statement of Comprehensive Income, the company’s sales revenue for the year under review grew a modest 2.3% to RM 735,818,000 from the amount of RM 719,409,000 in 2010, a significant amount totalled RM 16,409,000 was increased from the revenue, and for the cost of sales of goods, it is slightly reduced by an amount of RM 4,655,000, the result shows that Amway’s business strategy comes to an improvement, by purchasing the goods in lower prices and sells them in reasonable prices. Lastly from the statement, we also find out that Amway (M) Sdn.Bhd’s other income that consist of RM 4,815,000 in the current year, had a total grew of 11.1% based on the previous year. Furthermore, from the data provided by the company, we can conclude the extra income for the company is mainly come from the interest income on deposit with licenced bank and licenced financial institutions. Thus, these result secured Amway’s record of having attained net profit growth in 32 years out of 35 years.
Statement of Financial Position, also referred to as a balance sheet, reports on a company's assets, liabilities, and ownership equity at a given point in time. From the data, the total assets for Amway for the current year had reduced a total value of RM 15,322,000 compared to the previous year. As for the company’s total...
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