Financial Statement

Student’s Name





Annual Balance sheet for the year ended 12/31/31


All numbers in millions of US Dollars $ (‘000,000,000)

2013 (12/31/13) 2012 (12/31/12) 2011 (12/31/11) Current Assets Cash and Short-Term Investments – Total 237 213 191 Receivables – Total 201 209 181 Inventories – Total 177 117 113 Current Assets – Other – Total 25 28 31 Current Assets Total 640 567 516 Non-Current Assets Property Plant and Equipment – Total (Net) 61 53 57 Investment and Advances – Equity 0 0 0 Investment and Advances – Other 22 13 25 Intangible Assets – Total 33 36 31 Non-Current Assets – Other– Total 4 6 16 Non–Current Assets Total 120 108 129 ASSETS TOTAL 759 675 645 Liabilities and Shareholders’ Equity

2013(12/31/13) 2012(12/31/12) 2011(12/31/11)


Current Liabilities

Debt in Current Liabilities 106 73 84

Account Payable/Creditors – Trade 151 136 134

Income Taxes Payable 17 10 4

Current Liabilities – Other 30 24 23

Current Liabilities Total 304 242 245

Long–Term Liabilities

Long-Term Debt Total 0 0 0

Deferred Taxes and Investment Tax Credit — 0 1

Liabilities (Other) 3 4 4

Long-Term Liabilities Total 3 4 5

Liabilities Total 307 246 250

Minority Interest – Balance Sheet 4 0 0

Shareholders’ Equity

Preferred/Preference Stock (Capital) – Total 0 0 0

Common/Ordinary Equity – Total 450 428 393

Shareholders’ Equity Total 450 428 393


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.

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).

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.

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.

Total Current liabilities (For the period ending 12/31/13)

=Debt in current liabilities + Accounts payable/creditors + income taxes payable + current liabilities

(All numbers in millions of US Dollars$ (‘000,000,000))


Total Current liabilities (For the period ending 12/31/12)

=Debt in current liabilities + Accounts payable/creditors + income taxes payable + current liabilities

(All numbers in millions of US Dollars$ (‘000,000,000))


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’s assets liabilities and shareholders’ equity at a specific point in time to analyze how a company pays for things (Weygand, Kieso, 2008).


Eisen, P. J. (2007). Accounting Barron’s business review series business, Review books (5 ed., pp. 177-200). New York: Barron’s Educational Series

Weygand, Kieso, P. D. K. A. L. D. (2008). Hospitality financial accounting (2 ed., pp. 110-145).New Jersey: John Wiley and Sons.

Fidelity Bank Financial Statements-HIMX (HIMAX TECHNOLOGIES INC0