II. Financial Analysis: Petrolimex
II. Financial Analysis: Petrolimex
Financial analysis
(For the period of 2019 and 2020, I use mainly 2 ways to analyze the financial
statement of Petrolimex: Horizontal and Vertical)
1. Balance sheet
PETROLIMEX
Balance sheet (Adapted)
December 31, 2020 and 2019
Increase (Decrease)
(VND amounts in billions) 2020 2019 Amount Percentage
Assets
Current assets
Cash and cash equivalents 10,612 11,276 (664) (5.88%)
Account receivable 7,215 8,343 (1128) (13.5%)
Other current assets 19,969 19,133 836 4.36%
Total current assets 37,796 38,752 (956) (2.46%)
Fixed assets 15,578 15,406 172 1.11%
Investment property 209 189 20 10.6%
Other long-term assets 7,523 7,415 108 1.45%
TOTAL ASSETS 61,106 61,762 (656) (1.06%)
Liabilties
Current liabilities 35,400 34,173 1227 3.6%
Long-term liabilities 1,580 1,666 (86) (5.1%)
Total liabilities 36,980 35,839 1141 3.2%
Equity
Share capital 12,938 12,939 (1) (0.008%)
Other equity 8,428 8,132 296 3.6%
Retained profits 2,760 4,852 (2092) (43%)
Total equity 24,126 25,923 (1797) (6.9%)
TOTAL RESOURCES 61,106 61,762 (656) (1.06%)
PETROLIMEX
Balance sheet (Adapted)
December 31, 2020 and 2019