Bat.British American Tobacco

Topics: Generally Accepted Accounting Principles, Balance sheet, Liability Pages: 4 (1290 words) Published: February 18, 2011
INTRODUCTION
British American Tobacco (Malaysia) Berhad (BAT) has a history of over 90 years in Malaysia, which is the No.1 Malaysian cigarette company. It conduct imports, and sells cigarettes, cigars, and pipe tobacco under the names Dunhill, Kent, and Pall Mall, among others. These unrivalled portfolios making them the clear market leader in Malaysia with over 60% market share, and ranks amongst the top 25 companies on Bursa Malaysia Securities Berhad in terms of market capitalisation. Some quality labs for all of British American Tobacco's Asian operations were built by company which are situated in Hong Kong, Japan, China, and Vietnam. It was formed in 1999 by the merger of Rothmans of Pall Mall (Malaysia) and Malaysian Tobacco Company.

There are about 1,600 employees hired and involved in the full spectrum of the tobacco industry, from leaf buying and processing to manufacturing, marketing and distribution. Besides, in facing the challenges of the future, the company is always equipped with the wealth of expertise, coupled with leading high technology and efficient systems and processes employed in all aspects of their business activities. Lastly, British American Tobacco (Malaysia) Berhad’s vision is to achieve leadership of the global tobacco industry in order to create long term shareholder value.

Financial Performance
Revenue

The revenue of the company comprises of cigarettes, pipe tobaccos and cigars, dividend income from unquoted subsidiaries, management fee received from subsidiaries, fee for usage of property, plant and equipment received from subsidiaries. The revenue show an increasing trend which is stood at RM 3,830,869,000 and RM 4,135,220,000 for the year 2007 and 2008 respectively. The difference between year 2007 and 2008 are RM 304,351,000,3.82%.This is due to sales of cigarettes, pipe tobaccos and cigars which increase dramatically from year 2007 to 2008. Besides, according to the note 2 of Annual Report 2008 it is...
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