Financial Statement<\/p>\n
Student\u2019s Name<\/p>\n
Affiliation<\/p>\n
Course<\/p>\n
Date<\/p>\n
HIMAX TECHNOLOGIES INC<\/p>\n
Annual Balance sheet for the year ended 12\/31\/31<\/p>\n
Assets<\/p>\n
All numbers in millions of US Dollars $ (\u2018000,000,000)<\/p>\n
2013 (12\/31\/13) 2012 (12\/31\/12) 2011 (12\/31\/11) Current Assets Cash and Short-Term Investments \u2013 Total 237 213 191 Receivables \u2013 Total 201 209 181 Inventories \u2013 Total 177 117 113 Current Assets \u2013 Other \u2013 Total 25 28 31 Current Assets Total 640 567 516 Non-Current Assets Property Plant and Equipment \u2013 Total (Net) 61 53 57 Investment and Advances \u2013 Equity 0 0 0 Investment and Advances \u2013 Other 22 13 25 Intangible Assets \u2013 Total 33 36 31 Non-Current Assets \u2013 Other\u2013 Total 4 6 16 Non\u2013Current Assets Total 120 108 129 ASSETS TOTAL 759 675 645 Liabilities and Shareholders’ Equity<\/p>\n
2013(12\/31\/13) 2012(12\/31\/12) 2011(12\/31\/11) <\/p>\n
Liabilities<\/p>\n
Current Liabilities<\/p>\n
Debt in Current Liabilities 106 73 84<\/p>\n
Account Payable\/Creditors \u2013 Trade 151 136 134<\/p>\n
Income Taxes Payable 17 10 4<\/p>\n
Current Liabilities \u2013 Other 30 24 23<\/p>\n
Current Liabilities Total 304 242 245<\/p>\n
Long\u2013Term Liabilities<\/p>\n
Long-Term Debt Total 0 0 0<\/p>\n
Deferred Taxes and Investment Tax Credit — 0 1<\/p>\n
Liabilities (Other) 3 4 4<\/p>\n
Long-Term Liabilities Total 3 4 5<\/p>\n
Liabilities Total 307 246 250<\/p>\n
Minority Interest \u2013 Balance Sheet 4 0 0<\/p>\n
Shareholders’ Equity<\/p>\n
Preferred\/Preference Stock (Capital) \u2013 Total 0 0 0<\/p>\n
Common\/Ordinary Equity \u2013 Total 450 428 393<\/p>\n
Shareholders’ Equity Total 450 428 393<\/p>\n
LIABILITIES AND SHAREHOLDERS’ EQUITY TOTAL 759 675 645<\/p>\n
The assets are listed in order of liquidity, most liquid current assets appear first, Current asset appear first such as the cash, bank balances and short term investments, receivables, inventories. Current assets are expected to be converted to cash or use within an operating period. Inventories and accounts receivables appear at the bottom of current assets as noted in the HIMAX technologies financial statement. Long term assets are then presented with Property which includes plant property and equipment this are physical used in the course of operations. Intangible assets are intellectual property but in HIMAX case they are not specified, the company then identifies other noncurrent assets which might include a prepaid expense.<\/p>\n
The classifications of assets are defined in terms of property and possessions of the business they include: Fixed assets not acquired for sale but for business purposes they include, property, plant and machinery. They can also be classified as wasting Assets as they are prone to wear and tear. : Circulating Assets that are held for sale bills receivable although not defined in the report stated above: Intangible assets have no physical existence and do not represent anything valuable: Contingent assets like uncalled capital in which they happen after an event and then Outstanding Assets which are expenses paid in advance but are not received by the limited company in a fiscal year (Eisen, 2007).<\/p>\n
Cash and cash equivalent is an asset that are highly liquid can only be converted into cash example saving accounts, bonds, money market, and treasury Bills. They appear on a financial statement of an organization and include cash in bank and cash in hand accounts. Cash is generated from the sale proceeds of products and services, borrowing from financial institutions and creditors and from capital contribution from owners or shareholders. They do not deteriorate in value until maturity.<\/p>\n
Current liabilities are debts a company owes and are payable within a fiscal year. Examples of current liabilities include Loans, consumer deposits; Federal taxes account payables, interest payable and reserves.<\/p>\n
Total Current liabilities (For the period ending 12\/31\/13)<\/p>\n
=Debt in current liabilities + Accounts payable\/creditors + income taxes payable + current liabilities <\/p>\n
(All numbers in millions of US Dollars$ (\u2018000,000,000))<\/p>\n
304=106+151+17+30<\/p>\n
Total Current liabilities (For the period ending 12\/31\/12)<\/p>\n
=Debt in current liabilities + Accounts payable\/creditors + income taxes payable + current liabilities <\/p>\n
(All numbers in millions of US Dollars$ (\u2018000,000,000))<\/p>\n
242=73+136+10+24<\/p>\n
Current liabilities are essential to enable an investor know how much a company owes in the short term. The current ratio or quick ratio usually determine whether a company can pay off its current liabilities. Most investors would invest in a company that has less debt within a financial year or progressed in paying off debt in a financial period. Paying debts requires one to change some assets to cash, this will help you compare how much current asset you have and lets you know how much liquid cash you have. A balance sheet summarizes the company\u2019s assets liabilities and shareholders\u2019 equity at a specific point in time to analyze how a company pays for things (Weygand, Kieso, 2008).<\/p>\n
Reference<\/p>\n
Eisen, P. J. (2007). Accounting Barron\u2019s business review series business, Review books (5 ed., pp. 177-200). New York: Barron’s Educational Series <\/p>\n
Weygand, Kieso, P. D. K. A. L. D. (2008). Hospitality financial accounting (2 ed., pp. 110-145).New Jersey: John Wiley and Sons.<\/p>\n
Fidelity Bank Financial Statements-HIMX (HIMAX TECHNOLOGIES INC0<\/p>\n","protected":false},"excerpt":{"rendered":"
Financial Statement Student\u2019s Name Affiliation Course Date HIMAX TECHNOLOGIES INC Annual Balance sheet for the year ended 12\/31\/31 Assets All<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-38773","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\n