Question:
Compare and contrast the presentation of balance sheet with partnership and analyse its financial performance and operation results with recommendation.
Company B - Balance Sheet (Continue) As of December 31, 2019 2013 Note RM 3' 000 RMB' 000 LIABILITIES Non-current liabilities Deferred tax liabilities 13 1.333.469 1.195.369 Deferred revenues 27 339.023 624.999 Borrowings 31 466.676 470.056 Lease liabilities 2.29 992.233 * Other non~current liabilities 129.552 35.759 3.365.953 2.326.633 Current liabilities Trade payabies 29 6.766.253 5.340.963 Payables to merchants 7.495.262 7.596.333 Advances from transacting users 3.355.559 3.226.407 Deposits from transacting users 2.14 2.491.947 3.341.276 Other payables and accruals 30 7.237.412 7.303.407 Borrowings 31 3.552.537 1 300.000 Deferred revenues 27 4.567.171 3.102.332 Lease liabilities 2.29 534.566 Income tax liabilities 91.306 53.223 Liabilities directly associated with assets classified as held for sale 55.510 36.592.563 31 325.056 Total liabilities 39.953.521 34.151 .739 Total equity and liabilities 132.012.915 120.661.511 The notes on pages 153 to 272 are an integral part of these consolidated financial statements. The consolidated financial statements on pages 150 to 272 were approved by the Board of Directors on March 30. 2020 and were signed on its behalf: Wang Xing Mu Fiongiun Director Director 2019 Annual Report Meituan Dianping Company B - Balance Sheet CONSOLIDATED STATEMENT OF FINANCIAL POSITION As of December 31, 2019 2018 Note RMB' 000 RMB' 000 ASSETS Non-current assets Property, plant and equipment 15 5,376,217 3,978,815 Intangible assets 16 32,699,575 33,876,004 Deferred tax assets 18 590,054 445,041 Investments accounted for using the equity method 12 2,283,590 2,103,403 Financial assets at fair value through profit or loss 19 7,166,122 6,241,972 Prepayments, deposits and other assets 21 1,762,312 866,884 49,877,870 47,512, 119 Current assets Inventories 22 275,227 400,244 Trade receivables 23 676,762 466,340 Prepayments, deposits and other assets 21 9,591,157 9,064,945 Short-term investments 20 49,435,599 41,829,964 Restricted cash 24 8,760,115 4,256, 120 Cash and cash equivalents 24 13,396,185 17,043,692 Assets classified as held for sale 88,087 82,135,045 73,149,392 Total assets 132,012,915 120,661,511 EQUITY Share capital 25 389 384 Share premium 25 260,359,929 258,284,687 Other reserves 26 (4,447,252) (5,741,347) Accumulated losses (163,800,621) (166,039,390) Equity attributable to equity holders of the Company 92,112,445 86,504,334 Non-controlling interests 58,051) 5.438 Total equity 92,054,394 86,509,772 152 Meituan Dianping 2019 Annual ReportCompany A - Balance Sheet (Continue) CONSOLIDATED BALANCE SHEET As of December 31, 2019 (Expressed in RMB] As of December 31, Note 2019 2018 RMB'000 RMB'000 Liabilities Non-current liabilities Borrowings 33 4,786,856 7,856, 143 Deferred income tax liabilities 34 579,902 777,645 Warranty provision 667,857 559,016 Other non-current liabilities 29 3,756,211 2,844,859 9,790,826 12,037,663 Current liabilities Trade payables 30 59,527,940 46,287,271 Other payables and accruals 31 9,101,343 6,312,770 Advance from customers 32 8,237, 119 4,479,522 Borrowings 33 12,836,555 3,075, 194 Income tax liabilities 479,350 661,816 Warranty provision 1,998,398 1, 123,585 92,180,705 61,940, 158 Total liabilities 101,971,531 73,977,821 Total equity and liabilities 183,629,207 145,227,950 The notes on pages 191 to 325 are an integral part of these consolidated financial statements. The consolidated financial statements on pages 183 to 325 were approved by the Board of Directors on March 31, 2020 and were signed on its behalf: Lei Jun Lin BinMarking Rubric Below Standard Satisfactory Good Excellent Compare and contrast the Your answer only lists the Your answer provides some Your answer provides specific Your answer provides balanced presentation of its financial general similarities and discussion on the similarities discussion on the similarities and and specific discussion on the statements with partnership. (20 marks) differences without regard to the public limited company and differences with regard to the public limited differences with regard to the public limited company identified. similarities and differences with regard to the public limited identified. company identified company identified. Learning outcome: Your answer incorrectly Your answer discusses some Your answer correctly discusses Your answer correctly discusses Outline the characteristics discusses the similarities and similarities and differences the similarities and differences in and financial statements of a differences. very briefly with some some detail. the similarities and differences in sufficient detail. partnership and limited Your answer provides no inaccuracies. . Your answer provides some . Your answer provides sufficient company and related reasons for the differences Your answer provides reasons for the differences and reasons for the differences and accounting treatments. and similarities. inappropriate reasons for the similarities. similarities differences and similarities. Marks 6 - 10 10 - 15 16 -20 Use of data and tools for Your answer uses narrow data and * Your answer uses narrow data and . Your answer uses data and Your answer uses broad areas of analysing financial information information. information in different areas data and information. performance and operation despite some inadequacy. Your calculation is largely correct results. (10 marks) Your calculation is largely Your calculation is incorrect a incorrect with no workings of some points with insufficient Your calculation is largely correct with sufficient workings of calculation. workings of calculation. with insufficient workings of calculation Learning outcome: Illustrate the preparation of Your answer only makes use of Your answer only makes use of calculation at some points. Your answer makes use of quantitative data/information of quantitative data/information of Your answer only makes use of quantitative and qualitative a statement of cash flows the company. the company. quantitative data/information of the data/information of the company. and analysis of financial statements. Your answer includes much Your answer includes some irrelevant data/information. company. Your answer fully includes all irrelevant data/information. Your answer largely includes relevant data/information relevant data/information. Analysis and interpretation . Your answer narrowly analyses Your answer broadly analyses the . Your answer broadly analyses the . Your answer broadly analyses the of financial performance the financial performance and financial performance and financial performance and financial performance and and operation results (30 operation results, or the analysis is operation results, but the analysis operation results, but the analysis is operation results; the analysis is marks) incorrect. is incorrect. Your answer provides no incorrect at some points. comprehensive and accurate. Your answer sufficiently Learning outcome: Your answer provides no consideration of the interactions consideration of the interactions Your answer insufficiently considers the interactions between considers interactions between Illustrate the preparation of between different areas of between different areas of different areas of analysis. different areas of analysis. a statement of cash flows analysis. and analysis of financial analysis. Your answer insufficiently considers the overall results. Your answer sufficiently considers the overall results. statements. Your answer provides no consideration of the overall Your answer provides no results. consideration of the overall results. Recommendation Your recommendation is not Your recommendation is not Your recommendation is feasible Your recommendation is highly (20 marks) feasible and incorrect. Your recommendation is generic feasible and not accurate. but not fully accurate. Your recommendation covers some feasible. Your recommendation covers Your recommendation covers Learning outcome: sufficient broad areas of analysis. Illustrate the preparation of and does not target to the results narrow areas of analysis. from your analysis. Your recommendation does not Your recommendation is targeted areas of analysis. a statement of cash flows to narrow areas of the results Your recommendation is targeted Your recommendation is sufficiently targeted to the results and analysis of financial consider the internal and external found from your analysis. to some of the results found from your analysis. found from your analysis. statements environment of the company Your recommendation narrowly Your recommendation considers Your recommendation sufficiently considers the internal and external the internal and external environment of the company. environment of the company to considers the internal and external environment of the company. some extent. Marks 0-15 16 -30 31 - 4 46-60 Organization (10 marks) * Presentation is unorganized. Coherence is weak. * Presentation is insufficiently * Presentation is sufficiently organized. * Presentation is well-organised. Coherence is insufficiently organized. Coherence is well-developed. Coherence is sufficiently developed. developed. Marks 0-2 3 -4 5-7 8 - 10 Writing skills . Writing is tidy but not easily . Writing is neat and easily (10 marks) Writing is untidy but not hardly * Writing is tidy but not easily readable. readable. readable at some points. Vocabulary selection is readable. Vocabulary selection is not Vocabulary selection is not Vocabulary selection is very appropriate. appropriate at some points. appropriate. appropriate. Marks 3-4 8 - 10Company A - Balance Sheet CONSOLIDATED BALANCE SHEET As of December 31, 2019 (Expressed in RMB] As of December 31, Note 2019 2018 RMB'000 RMB'000 Assets Non-current assets Land use rights 3,402,968 Property and equipment 14 6,992,331 5,068,053 Intangible assets 15 1,672,002 2,061,192 Investments accounted for using the equity method 11 (b) 9,300, 507 8,639,238 Long-term investments measured at fair value through profit or loss 19 20,679,363 18,636,208 Deferred income tax assets 34 1,283,415 1,312,245 Other non-current assets 17 6,162,503 95,485 46,090, 121 39,215,389 Current assets Inventories 23 32,585,438 29,480,685 Trade receivables 21 6,948,567 5,598,443 Loan receivables 20 12,723,503 10,293,645 Prepayments and other receivables 22 19,837,018 20,914,946 Short-term investments measured at fair value through profit or loss 19 16,463,390 6,648,526 Short-term bank deposits 24(c) 21,523,043 1,365,991 Restricted cash 24 (b ) 1,538,266 1,480, 178 Cash and cash equivalents 24(a) 25,919,861 30,230, 147 137,539,086 106,012,561 Total assets 183,629,207 145,227,950 Equity and liabilities Equity attributable to owners of the Company Share capital 25 388 377 Reserves 81,330, 186 71,322,608 81,330,574 71.322,985 Non-controlling interests 327, 102 (72,856) Total equity 81,657,676 71,250, 129
