财务分析报告——贵州茅台会计学院会计学2+2张陵龙09142135目录一、公司简介二、资产负债表和利润表三、财务报表分析1、企业偿债能力分析（1）短期偿债能力分析（2）长期偿债能力分析2、企业营运能力分析3、企业盈利能力分析4、企业发展能力分析四、公司财务管理存在的问题五、解决公司财务管理问题的对策一、公司简介公司主营贵州茅台酒系列产品的生产和销售，同时进行饮料、食品、包装材料的生产和销售，防伪技术开发，信息产业相关产品的研制开发。

贵州茅台酒股份有限公司茅台酒年生产量已突破一万吨；43°、38°、33°茅台酒拓展了茅台酒家族低度酒的发展空间；茅台王子酒、茅台迎宾酒满足了中低档消费者的需求；15年、30年、50年、80年陈年茅台酒填补了我国极品酒、年份酒、陈年老窖的空白；在国内独创年代梯级式的产品开发模式。

形成了低度、高中低档、极品三大系列70多个规格品种，全方位跻身市场，从而占据了白酒市场制高点，称雄于中国极品酒市场。

二、资产负债表和利润表资产负债表报表20111231201012312009123120081231日期单元元元元位流动资产货币18,254,700,000.0012,888,400,000.009,743,150,000.008,093,720,00资金结算- - - -备付金拆出- - - -资金交易性金- - - -融资衍生金- - - -融资产应收252,101,000.00204,811,000.00380,760,000.00170,613,000.票据应收2,225,400.001,254,600.0021,386,300.0034,825,100.0账款预付1,861,030,000.001,529,870,000.001,203,130,000.00741,639,000.款项应收- - - -保费应收分- - - -保账款应收分保- - - -合同备金应收225,183,000.0042,728,400.001,912,600.002,783,550.00利息应收- - - -股利其他47,287,500.0059,101,900.0096,001,500.0082,601,400.0应收款应收出- - - -口退税应收- - - -补贴款应收保- - - -证金内部应 - - - -款买入返售- - - -金融资产存7,187,120,000.005,574,130,000.004,192,250,000.003,114,570,00货待摊- - - -费用待处理流动- - - -资产损益一年内到期- - 17,000,000.00 -的非流动资其他流- - - -动资产流动资27,829,600,000.0020,300,300,000.0015,655,600,000.0012,240,800,0产合计非流动资产发放贷- - - -款及垫款可供出售- - - -金融资产持有60,000,000.0060,000,000.0010,000,000.0042,000,000.0到期投资长期- - - -应收款长期股4,000,000.004,000,000.004,000,000.004,000,000.00权投资其他长- - - -期投资投资性- - - -房地产固定资6,856,190,000.005,293,000,000.004,005,140,000.002,840,790,00产原值累计1,427,990,000.001,098,950,000.00834,206,000.00648,330,000.折旧固定资5,428,200,000.004,194,050,000.003,170,940,000.002,192,460,00产净值固定资产2,190,360.002,198,370.002,209,820.002,288,240.00减值准备固定资5,426,010,000.004,191,850,000.003,168,730,000.002,190,170,00产净额在建251,446,000.00263,458,000.00193,956,000.00582,861,000.工程工程4,918,290.0018,528,800.0024,915,000.0062,369,000.0物资固定资- - - -产清理生产性- - - -生物资产公益性生- - - -物资产油气- - - -资产无形808,426,000.00452,317,000.00465,551,000.00445,208,000.资产开发- - - -支出商- - - -誉长期待13,805,400.0018,701,600.0021,469,600.0010,146,500.0摊费用股权分- - - -置流通权递延所得502,629,000.00278,438,000.00225,421,000.00176,681,000.税资产其他非流- - - -动资产非流动7,071,240,000.005,287,290,000.004,114,040,000.003,513,440,00资产合计资产34,900,900,000.0025,587,600,000.0019,769,600,000.0015,754,200,0总计流动负债短期- - - -借款向中央银- - - -行借款吸收存款- - - -及同业存放拆入- - - -资金交易性- - - -金融负债衍- - - -金融负债应付- - - -票据应付172,344,000.00232,013,000.00139,121,000.00121,289,000.账款预收7,026,650,000.004,738,570,000.003,516,420,000.002,936,270,00款项卖出回购- - - -金融资产款应付手续- - - -费及佣金应577,523,000.00500,259,000.00463,949,000.00361,007,000.职工薪酬应交788,081,000.00419,883,000.00140,525,000.00256,300,000.税费应付- - - -利息应付- 318,584,000.00137,208,000.00 -股利其他- - - -应交款应付- - - -保证金内部应- - - -付款其他应916,123,000.00818,881,000.00710,831,000.00575,906,000.款预提- - - -费用预计流- - - -动负债应付分- - - -保账款保险合- - - -同准备金代理买- - - -卖证券款代理承销- - - -证券款国际票- - - -证结算国内票- - - -证结算递延- - - -收益应付短- - - -期债券一年内到期的- - - -非流动债其他流- - - -动负债流动负9,480,720,000.007,028,190,000.005,108,060,000.004,250,770,00债合计非流动负债长期- - - -借款应付- - - -债券长期- - - -应付款专项应16,770,000.0010,000,000.0010,000,000.00 -款预计非- - - -流动负债递延所得- - - -税负债其他非流- - - -动负债非流动16,770,000.0010,000,000.0010,000,000.00 -负债合计负债9,497,490,000.007,038,190,000.005,118,060,000.004,250,770,00合计所者权益实收资1,038,180,000.00943,800,000.00943,800,000.00943,800,000.本(或股本)资本1,374,960,000.001,374,960,000.001,374,960,000.001,374,960,00公积库- - - -存股专项- - - -储备盈余2,640,920,000.002,176,750,000.001,585,670,000.001,001,130,00公积一般风- - - -险准备未确定的- - - -投资损失未分19,937,100,000.0013,903,300,000.0010,561,600,000.007,924,670,00配利润拟分配- - - -现金股利外币报表- - - -折算差额归属于母公司24,991,200,000.0018,398,800,000.0014,466,000,000.0011,244,600,0股东权益合计少数股412,200,000.00150,616,000.00185,583,000.00258,849,000.东权益所有者权益(或25,403,400,000.0018,549,400,000.0014,651,600,000.0011,503,400,0股东权益)合计负债和所有者权34,900,900,000.0025,587,600,000.0019,769,600,000.0015,754,200,0益(或股东权益)总计利润表报表201112312010123120091231日期单位元元元一、营业18,402,400,000.0011,633,300,000.009,670,000,000.008,241,690,00总收入营业18,402,400,000.0011,633,300,000.009,670,000,000.008,241,690,00收入利息- - - -收入已赚- - - -保费手续费及- - - -佣金收入房地产销- - - -售收入其他- - - -业务收入二、营业6,069,570,000.004,472,850,000.003,595,690,000.002,852,620,00总成本营业1,551,230,000.001,052,930,000.00950,673,000.00799,713,000.成本利息- - - -支出手续费及- - - -佣金支出房地产销- - - -售成本研发- - - -费用退保- - - -金赔付- - - -支出净额提取保险合同- - - -准备金净额保单- - - -红利支出分保- - - -费用其他- - - -业务成本营业税金2,477,390,000.001,577,010,000.00940,509,000.00681,762,000.及附销售720,328,000.00676,532,000.00621,284,000.00532,025,000.费用管理1,673,870,000.001,346,010,000.001,217,160,000.00941,174,000.费用财务-350,751,000.00-176,577,000.00-133,636,000.00-102,501,000费用资产-2,500,650.00-3,066,980.00-300,085.00450,078.00减值损失公允价值- - - -变动收益投资3,383,000.00469,050.001,209,450.001,322,250.00收益其中:对联营企业和- - - -合营企业的投资收益汇兑- - - -收益期货- - - -损益托管- - - -收益补贴- - - -其他业务- - - -利润三、12,336,200,000.007,160,910,000.006,075,520,000.005,390,380,00营业利润营业7,181,580.005,307,140.006,247,980.006,282,040.00外收入营业8,685,540.003,796,640.001,228,600.0011,366,300.0外支出非流动资- - - -产处置损失利润12,334,700,000.007,162,420,000.006,080,540,000.005,385,300,00总额所得3,084,340,000.001,822,660,000.001,527,650,000.001,384,540,00税费用未确认投- - - -资损失四、9,250,320,000.005,339,760,000.004,552,890,000.004,000,760,00净利润归属于母公司所有8,763,150,000.005,051,190,000.004,312,450,000.003,799,480,00净利润少数487,178,000.00288,567,000.00240,443,000.00201,279,000.股东损益五、每股收益基本每股8.44 5.35 4.57 4.03收益稀释8.44 5.35 4.57 4.03每股收益六、其他- - - -综合收益七、综合9,250,320,000.00 - - -收益总额归属于母公司所有8,763,150,000.00 - - -者的综合收益总额归属于少数股487,178,000.00 - - -东的综合收益总额三、财务报表分析 （注：在此只对2009—2011年的数据进行对比和分析）1、企业偿债能力分析（1）短期偿债能力分析　2009年2010年2011年流动比率=流动资产/流动负债 3.06 2.89 2.94速动比率=速动资产/流动负债 2.24 2.1 2.18现金比率=（现金+有价证券）/流动负债 1.91 1.83 1.92从趋势图中我们可以看出（1）流动比率。