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1、广州商学院课 程 论 文 题目：五粮液集团财务报表分析课 程 名 称 证券投资学 考 查 学 期 2014/2015 学年 第 一 学期 考 查 方 式 课程论文 姓 名 王楷桓 学 号 201203024149 专 业 财务管理 成 绩 指 导 教 师 彭文华 五粮液集团有限公司财务分析报告摘要:通过对五粮液集团有限公司近三年的资产负债表、利润表进行分析，比较相关的盈利能力、运营能力、偿债能力以及发展能力的数据，从而评价该公司的经营状况、财务状况和盈利状况。白酒制造业作为中国传统行业，是中国灿烂文化的重要组成部分。近年来，白酒制造业呈现出多元化、规模化的产业格局。在整个白酒行业中，大中型企业
2、约占22%，利润总额高达96%，在白酒行业占据了绝对的优势地位，成为推动整个白酒行业发展的中坚力量。五粮液股份有限公司作为大中型企业的代表，其经营管理和发展战略对整个白酒行业有着重要的借鉴作用。关键词：白酒行业、五粮液股份有限公司、财务指标、运营状况一、 五粮液集团有限公司简介五粮液集团有限公司位于“万里长江第一城”中国西南腹地的四川省宜宾市北面的岷江之滨。其前由50年代初几家古传酿酒作坊联合组建而成的“中国专卖公司四川省宜宾酒厂”，1959年正式命名为“宜宾五粮液酒厂”，1998年改制为“四川省宜宾五粮液集团有限公司”。五粮液集团有限公司是以五粮液及其一系列酒的生产经营为主，现代制造业、现代
3、工业包装、光电玻璃、现代物流、橡胶制品、现代制药等产业多元发展，具有深厚企业文化的特大型现代企业集团。二、五粮液集团财务报表1.资产负债表资 产20072008200920102011流动资产：货币资金4,060,766,891.585,925,396,594.687,543,588,700.0314,134,459,002.6521,550,861,665.98交易性金融资产8,086,247.168,086,247.1623,705,071.8020,756,261.2818,266,062.56应收票据523,942,546.50601,748,849.881,842,131,762.6
4、22,180,616,262.521,938,673,301.02应收账款6,792,521.385,170,935.73102,759,224.9689,308,643.6675,620,180.15预付款项7,624,049.3845,462,986.79195,685,085.40328,380,998.28254,497,498.01应收利息43,219,626.4452,818,875.0029,337,771.6463,714,535.91295,940,185.10应收股利其他应收款27,592,841.5425,936,687.2668,864,328.2737,700,601
5、.6442,779,907.20存货1,805,867,257.732,076,930,883.613,476,844,741.044,514,778,551.635,536,502,482.54一年内到期的非流动资产其他流动资产流动资产合计6,483,891,981.718,741,552,060.1113,282,916,685.7621,369,714,857.5729,713,141,282.56非流动资产：可供出售金融资产持有至到期投资长期应收款长期股权投资26,391,145.9227,470,267.2329,979,054.2532,524,090.85130,875,383.
6、31投资性房地产固定资产4,670,657,791.364,334,380,905.886,935,927,656.626,373,457,302.865,905,055,195.50工程物资4,618,186.31在建工程322,898,322.74327,723,836.09218,457,910.43514,643,508.65787,493,319.78固定资产清理生产性生物资产油气资产无形资产62,487,767.3560,901,622.47308,093,817.98299,598,624.01297,477,470.22开发支出商誉1,621,619.531,621,619.5
7、31,621,619.53长期待摊费用66,356,766.6370,535,041.7748,772,420.08递延所得税资产5,324,118.024,392,036.465,737,024.5311,405,479.9216,785,901.95其他非流动资产非流动资产合计5,087,759,145.394,754,868,668.137,566,173,849.977,303,785,667.597,192,699,496.68资产总计11,571,651,127.1013,496,420,728.2420,849,090,535.7328,673,500,525.1636,905,
8、840,779.24负债及所有者权益流动负债：短期借款交易性金融负债应付票据56,456,400.00应付账款30,308,923.3138,079,985.51239,072,532.94155,435,476.76234,517,751.80预收款项711,587,261.151,052,920,496.854,376,268,193.677,107,610,071.869,047,172,727.93应付职工薪酬193,361,894.0237,475,412.4241,710,820.66348,244,603.841,063,798,296.81应交税费941,728,762.878
9、27,803,261.901,046,110,746.791,582,292,614.602,087,153,334.95应付利息应付股利220,625,990.25349,275,990.25175,000,000.00其他应付款65,927,301.5884,204,694.84339,959,685.67689,020,663.08801,788,668.84一年内到期的非流动负债其他流动负债流动负债合计1,942,914,142.932,040,483,851.526,263,747,969.9810,288,335,820.3913,409,430,780.33非流动负债：长期借款应
10、付债券长期应付款2,500,000.001,000,000.001,000,000.001,000,000.00专项应付款预计负债递延所得税负债3,880,421.162,152,565.081,538,490.40其他非流动负债15,910,598.2247,182,768.06非流动负债合计2,500,000.004,880,421.1619,063,163.3049,721,258.46负债合计1,945,414,142.932,040,483,851.526,268,628,391.1410,307,398,983.6913,459,152,038.79所有者权益（或股东权益）：实收资
11、本（或股本）3,795,966,720.003,795,966,720.003,795,966,720.003,795,966,720.003,795,966,720.00资本公积953,203,468.32953,203,468.32953,203,468.32953,203,468.32953,203,468.32减：库存股专项储备盈余公积1,803,743,654.971,985,197,516.322,318,892,624.672,759,520,038.093,368,959,934.78未分配利润3,016,465,972.274,645,699,661.087,207,010,
12、189.7610,592,343,301.5115,001,578,576.23少数股东权益56,857,168.6175,869,511.00305,389,141.84265,068,013.55326,980,041.12所有者权益（或股东权益）合计9,626,236,984.1711,455,936,876.7214,580,462,144.5918,366,101,541.4723,446,688,740.45负债及所有者权益总计11,571,651,127.1013,496,420,728.2420,849,090,535.7328,673,500,525.1636,905,840,779.242.利润表项 目20072008200920102011一、营业收入7,328,5
