“Social and Financial Performance Relationship” Model의 “Perspective3”에 의하면, CSP와 CFP, CR 사이에는 interactive relationship이 존재함.
여기서 CSP는 Corporate Social Performance, 즉 CSR을 의미함.
따라서 기업은 CSR을 통하여 Good Financial Performance와 Good Reputation을 얻을 수 있으므로 CSR이 필요함.
The Coca-Cola Company
In 1886, the company started its business
Now 300 separate brands
Sprite, Fanta, Qoo, Nescafe and Nestea, etc
126,000 people around the world buy the product of “The Coca-cola Company”
Worldwide scale
Bottling system
Bottling partners are local companies
Thinking and Acting locally
Performance of the Company
Balance Sheet (partial)
Financial Performance
버진이라는 이름 하에 기업들의 재무성과를 파악하고, 해석하는데 어려움이 있음
운영기업의 수가 많을 뿐만 아니라 이들을 소유하는 지주회사의 수도 많음
또한 운영기업의 소유권도 그룹 안에서 빈번하게 이동하기 때문에 재무성과 파악에 어려움이 있음
financial leverage means they are highly
dependent on debt when financing assets.
Total Asset Turnover Ratio
Total Asset Turnover measures the sale generated
per dollar of assets
Two company show very similar Asset turnover
; quite low
It result from the fact that they are automobile
manufacturing company
Operating performance & Financ
financial performance of Inditex with its key international competitors in 2001. Taking a brief look of the figure, Inditex was the most profitable firm, measured by ROIC. Return on Invested Capital is a key measure of a company’s profitability that focuses on the true operating performance of the company. ROIC can be calculated by multiplying Return on Sales with capital turnover. This formula
Financial Goals ?
Has our financial performance improved ?
What customers do we want to serve & how are we going to retain them ?
Do customers recognized that we are delivering more value ?
What internal business processes are critical to providing value to customers ?
Have we improved key processes so that we can deliver more value ?
Are we maintaining our ability to change an
External auditor: Samjong KPMG
Recent audit opinion:
Based on our audit report, the financial statements for 31 Dec 2009, 31 Dec 2008 and current financial status as of 1 Jan 2008 and FYE09, FYE08’s financial performance, cash flow contents of Yungjin Pharm Co. are qualified based on the principles of K-IFRS.
1. Revenue recognition
Revenue not recognized until the actual compensati
performance via price. The premium market consisting of Mercedes Benz, Rolls Royce, and Ferrari, required high performance, outstanding service, and foremost, a strong brand name. Hence, Toyota motors used a new brand name ‘Lexus’ for their new product (LS400). The LS400 greatly succeed, recording amazing sales of 60,000 and led to Toyota motors including a 20% premium price to their future c
plans of each selected company).
And then, we are going to analysis Financial statement such as Common-size and Comparative analysis. Also we will analysis Firm performance measure, it will include market-based firm performance measures, accounting-based measures, leverage measures, liquidity measures.
At last, we will make our recommendation for investors rely on our analysis.