PDAF
Table of Contents
1. Introduction 4
2. Background of the Company 4
2.1 What is the significant historical development over 3 years? 5
3. Analysis 6
3.1 Profitability 6
3.2 Solvency / Liquidity 9
3.3 Gearing 11
4. Conclusion and Recommendation 12
5. Appendix 13
Summarised of 3 Years Statements 13
Consolidated Income and Comprehensive Income Statements 14
Balance Sheets 15
Consolidated Statement of Cash Flows 16
6. List of References 17
1. Introduction
Objective of this report is to measure the Group’s Financial Statement from 2010 to 2012 whether it is healthy by using the selected accounting ratios.
The following key points are used when analyzing Company ;
• Group’s Management Performance
• Any liquidity problem?
• Is the Group highly geared?
2. Background of the Company
Singapore Technologies Aerospace was incorporate in 1997. ST Engineer is the largest company listed on the Singapore Exchange. (ST Engineering, 2013) A global network of over 100 subsidiaries and associated companies in 23 countries in US, Europe, Asia and Oceania.(ST Engineering, 2012)
ST Aerospace is a subsidiary of Singapore Technologies Engineering which is based in Singapore. ST Group is also specialized in innovative solutions and services in the Electronics, Land Systems and Marine sectors. Currently it is Asia’s largest defence and engineering company. (Wikipedia, 2013)
2.1 What is the significant historical development over 3 years?
It reviewed the estimated useful lifes of property, plant and equipment periodically During the year, independent consultants were engaged to perform industry and benchmarking study of the depreciation rates of its PPE. The industry practices of the four sectors and the economic useful lifes of its PPE were considered to align them to industry practices with effect from financial year ended 2010. (ST Engineering, 2011) The revised
1. Introduction 4
2. Background of the Company 4
2.1 What is the significant historical development over 3 years? 5
3. Analysis 6
3.1 Profitability 6
3.2 Solvency / Liquidity 9
3.3 Gearing 11
4. Conclusion and Recommendation 12
5. Appendix 13
Summarised of 3 Years Statements 13
Consolidated Income and Comprehensive Income Statements 14
Balance Sheets 15
Consolidated Statement of Cash Flows 16
6. List of References 17
1. Introduction
Objective of this report is to measure the Group’s Financial Statement from 2010 to 2012 whether it is healthy by using the selected accounting ratios.
The following key points are used when analyzing Company ;
• Group’s Management Performance
• Any liquidity problem?
• Is the Group highly geared?
2. Background of the Company
Singapore Technologies Aerospace was incorporate in 1997. ST Engineer is the largest company listed on the Singapore Exchange. (ST Engineering, 2013) A global network of over 100 subsidiaries and associated companies in 23 countries in US, Europe, Asia and Oceania.(ST Engineering, 2012)
ST Aerospace is a subsidiary of Singapore Technologies Engineering which is based in Singapore. ST Group is also specialized in innovative solutions and services in the Electronics, Land Systems and Marine sectors. Currently it is Asia’s largest defence and engineering company. (Wikipedia, 2013)
2.1 What is the significant historical development over 3 years?
It reviewed the estimated useful lifes of property, plant and equipment periodically During the year, independent consultants were engaged to perform industry and benchmarking study of the depreciation rates of its PPE. The industry practices of the four sectors and the economic useful lifes of its PPE were considered to align them to industry practices with effect from financial year ended 2010. (ST Engineering, 2011) The revised