财务管理第4章_财务报表建模案例

l e c t u r e41 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 A B C D E F G H I J K 资产资产2000199919981997199619951994199319921991现金和短期投资11115812812970106621126138应收款项1,5631,5941,3661,3531,2261,2451,2299971,0231,058存货总计1,1211,016917863797738686683742875其他流动资产298294249239205187191234124203流动资产总计3,0933,0622,6602,5842,2962,2762,1682,0261,9512,173固定资产总计7,0896,8596,7396,7586,6886,4646,1636,0426,1586,212折旧，损耗，摊销（累积）4,1483,9263,8343,9033,7753,6293,4203,2553,1863,029固定资产净值2,9412,9332,9052,8552,9142,8352,7422,7872,9723,183无形资产1,7001,6856323702300000其他资产1,3911,2341,1901,0591,2081,084983838739700资产总计资产总计9,1258,9147,3876,8686,4416,1945,8945,6525,6626,056负债负债应付账款764755630646602583518436447520应计费用606649634564504520481423323348其他流动负债1226118154155674862借款2,9712,7901,7181,7011,4821,2211,1441,1291,3071,574递延税款543520440406419355303269472476少数股东权益128988782766870526076其他负债1,004970987952861837766803306347所有者权益所有者权益普通股484484484484484484484242242242资本公积金10210410599978168298233230未分配利润6,0195,7865,4894,9164,5694,0633,4943,1583,4243,369减:库存股-总金额3,5083,2683,1982,9902,6672,0601,4891,2251,2001,186所有者权益总计3,0973,1062,8802,5092,4832,5692,5572,4732,6992,655负债和所有者权益总计负债和所有者权益总计9,1258,9147,3876,8686,4416,1945,8945,6525,6626,056PPG 公司资产负债表公司资产负债表,1991-2000(百万美金百万美金)长期增长率长期增长率）（-WACC1*FCF20050.51WACC（）2005*(1)FCFWACC长期增长率终值长期增长率