FIN4040 U12 1.docx Protected View - Saved Search OMAR ZAIN OZ w Design Layout References Mailings Review View Help Foxit Reader PDF Files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing 12:111.1.1.2.1.3.4.1.5. 16. 17. 18. 1.9.10 | 11 | 12 | 13 | 14 | 15. 1 117 118 TNB: Financial Information for Year-2014 to 2017 (RM'million) 2014 2015 2016 2017 Operating Profit (EBITA) 7,181.0 8,627.60 9,072.0 9,364.0 Goodwill amortization 0 124.7 211.0 211.0 Taxes 687.9 1,072.8 746 1,369.7 Total Borrowings( ST + LT debts) 25,456.0 24,698.90 34,306.70 38.846.50 Deferred income taxes 6,716.1 7,054.1 6,961.9 7.728.3 Equity 43.222 47,208.00 52,599.70 57,584.80 Accumulated losses 5,036.3 5,416.9 5.967.2 6.128.8 Ace, goodwill and amortization 0 124.7 335.7 546.7 Marketable securities 3,646.1 6.438.2 13,199.2 12.223.1 WACC I 4.9% 4.8% 5.1% 4.9% Share Price (RM/per share) 12.38 11.18 14.74 14.28 Information extracted from TNB anual report retrieved from https://www.mb.com.my on April 2019, Estimate the following for TNB based on information from the above Table: a. NOPAT (6 marks) 2014 2015 2016 2017 Focus Design Layout References Mailings Review View Help Foxit Reader PDF the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing 21:11:21: 34:15:16:17:1:81:9 10 11. 1 .12 113 114 Tormaron extracted from is annual report retriewea from: raps://www.o.com on 1 Apru zvy. 15: 1 17: -18 Estimate the following for TNB based on information from the above Table: a. NOPAT (6 marks) 2014 2015 2016 2017 NOPAT 4 FIN 4040 CORPORATE FINANCE SEM 2_2019/2020 b. Invested Capital (8 marks) Protected ViewSaved Search OMAR ZAIN OZ Draw Design Layout References Mailings Review View Help Foxit Reader PDF 3 Share careful--files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing 21:11 1: 12: 34:15:16 17:18:19 10 10 11 12 13 14 15 14 15 17 18 b. Invested Capital (8 marks) 2014 2015 2016 2017 Invested Capital c. Return on Invested Capital (ROIC) (4 marks) d. Economic Value Added (EVA) (4 marks) 1 2014 2015 2016 2017 on invested capital Return (ROIC) WACC Economie Value Added (EVA) ROICO Capital EVAROR - WACOM dapi Focus xd X ENG Links 2:44 6/191 O o search KER from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing 21: 1111: 23:44.1.5.1.6.1.7: 8 9 10 11 12 RUR = NOPALestea capital, VA (RUK - WACC) ested capital -13 14:15 17 1 18 QUESTION 3 (2.5 Marks) Discuss the results of EVA from 2014 to 2017. FIN 4040 CORPORATE FINANCE SEM 2_2019/2020 QUESTION 4 (2.5 Marks) Briefly discuss TNB's the relationship between TNB's share price, EVA and cost of capital from year 2014 to 2017 and compare it with the latest information in Question No. 1 (Share price and WACC), Focus O AL xd Links KX FIN4040 U12 1.docx Protected View - Saved Search OMAR ZAIN OZ w Design Layout References Mailings Review View Help Foxit Reader PDF Files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing 12:111.1.1.2.1.3.4.1.5. 16. 17. 18. 1.9.10 | 11 | 12 | 13 | 14 | 15. 1 117 118 TNB: Financial Information for Year-2014 to 2017 (RM'million) 2014 2015 2016 2017 Operating Profit (EBITA) 7,181.0 8,627.60 9,072.0 9,364.0 Goodwill amortization 0 124.7 211.0 211.0 Taxes 687.9 1,072.8 746 1,369.7 Total Borrowings( ST + LT debts) 25,456.0 24,698.90 34,306.70 38.846.50 Deferred income taxes 6,716.1 7,054.1 6,961.9 7.728.3 Equity 43.222 47,208.00 52,599.70 57,584.80 Accumulated losses 5,036.3 5,416.9 5.967.2 6.128.8 Ace, goodwill and amortization 0 124.7 335.7 546.7 Marketable securities 3,646.1 6.438.2 13,199.2 12.223.1 WACC I 4.9% 4.8% 5.1% 4.9% Share Price (RM/per share) 12.38 11.18 14.74 14.28 Information extracted from TNB anual report retrieved from https://www.mb.com.my on April 2019, Estimate the following for TNB based on information from the above Table: a. NOPAT (6 marks) 2014 2015 2016 2017 Focus Design Layout References Mailings Review View Help Foxit Reader PDF the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing 21:11:21: 34:15:16:17:1:81:9 10 11. 1 .12 113 114 Tormaron extracted from is annual report retriewea from: raps://www.o.com on 1 Apru zvy. 15: 1 17: -18 Estimate the following for TNB based on information from the above Table: a. NOPAT (6 marks) 2014 2015 2016 2017 NOPAT 4 FIN 4040 CORPORATE FINANCE SEM 2_2019/2020 b. Invested Capital (8 marks) Protected ViewSaved Search OMAR ZAIN OZ Draw Design Layout References Mailings Review View Help Foxit Reader PDF 3 Share careful--files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing 21:11 1: 12: 34:15:16 17:18:19 10 10 11 12 13 14 15 14 15 17 18 b. Invested Capital (8 marks) 2014 2015 2016 2017 Invested Capital c. Return on Invested Capital (ROIC) (4 marks) d. Economic Value Added (EVA) (4 marks) 1 2014 2015 2016 2017 on invested capital Return (ROIC) WACC Economie Value Added (EVA) ROICO Capital EVAROR - WACOM dapi Focus xd X ENG Links 2:44 6/191 O o search KER from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing 21: 1111: 23:44.1.5.1.6.1.7: 8 9 10 11 12 RUR = NOPALestea capital, VA (RUK - WACC) ested capital -13 14:15 17 1 18 QUESTION 3 (2.5 Marks) Discuss the results of EVA from 2014 to 2017. FIN 4040 CORPORATE FINANCE SEM 2_2019/2020 QUESTION 4 (2.5 Marks) Briefly discuss TNB's the relationship between TNB's share price, EVA and cost of capital from year 2014 to 2017 and compare it with the latest information in Question No. 1 (Share price and WACC), Focus O AL xd Links KX