万资科产负债表分析——会计094班刘舒、杨洁一、水平分析对总资产的影响　20112010变动额变动（%）(%)流动资产货币资金34,239,50037,816,900-3,577,400-9.46%-1.66%应收账款1,514,8101,594,020-79,210-4.97%-0.04%预付款项20,116,20017,838,0002,278,20012.77%1.06%其他应收款18,440,60014,938,3003,502,30023.45%1.62%存货208,335,000133,333,00075,002,00056.25%34.78%流动资产合计282,647,000205,521,00077,126,00037.53%35.77%非流动资产可供出售金融资产441,262404,76436,4989.02%0.02%长期股权投资6,426,4904,493,7501,932,74043.01%0.90%投资性房地产1,126,110129,176996,934771.76%0.46%固定资产原值2,121,1901,674,410446,78026.68%0.21%累计折旧525,329454,82870,50115.50%0.03%固定资产净值1,595,8601,219,580376,28030.85%0.17%固定资产净额1,595,8601,219,580376,28030.85%0.17%在建工程705,553764,282-58,729-7.68%-0.03%无形资产435,474373,95261,52216.45%0.03%长期待摊费用40,999.4032,161.408,838.0027.48%0.00%递延所得税资产2,326,2401,643,160683,08041.57%0.32%其他非流动资产463,7931,055,990-592,197-56.08%-0.27%非流动资产合计13,561,80010,116,8003,445,00034.05%1.60%资产总计296,208,000215,638,00080,570,00037.36%37.36%据上表，可以对万科的总资产变动情况作出以下分析评价：万科的总资产本期增加80,570,000千元，增长幅度为37.36%，说明万科本年资产规模有较大幅度的增长。进一步分析，可以发现：（1）流动资产本期增加77,126,000千元，增长幅度为37.53%，使总资产规模增长了35.77%。非流动资产本期增加了3,445,000千元，增幅为34.05%，使总资产规模增长了1.60%，两者合计使总资产增加了80,570,000千元，增幅为37.36%。（2）本期总资产的增加主要体现在流动资产的增长上。其一是存货的大幅增长，本期增加了75,002,000千元，增幅为56.25%，促使总资产增长了34.78%，这其中有政府调控政策的影响。其二是其他应收款的增长，增幅为23.45%，使总资产增加了1.62%。其三，不可忽视的是货币资金的减少，虽然对总资产的影响只有-1.66%，但这说明，本期万科的偿债能力是有所下降的，对于一个房产的龙头企业来说，这并不是一个好的信号，即使资产总额是增加的。（3）非流动资产的增长主要体现在长期股权投资的增长上，本期增加了1,932,740千元，增幅为43.01%，使总资产增长了0.90%。其他的对总资产的影响太小，这里就不做详细的分析的。对总资产20112010变动流动负债(%)的影响变动额(%)短期借款1,724,4501,478,000246,45016.67%0.11%交易性金融负债17,041.8015,054.501,987.313.20%0.00%应付票据31,250031,2500.00%0.01%应付账款29,745,80016,923,80012,822,00075.76%5.95%预收账款111,102,00074,405,20036,696,80049.32%17.02%应付职工薪酬1,690,3501,415,760274,59019.40%0.13%应交税费4,078,6203,165,480913,14028.85%0.42%应付利息272,299127,807144,492113.05%0.07%其他应付款30,216,80016,814,00013,402,80079.71%6.22%一年内到期的非流动负债21,845,80015,305,7006,540,10042.73%3.03%流动负债合计200,724,000129,651,00071,073,00054.82%32.96%长期借款20,972,00024,790,500-3,818,500-15.40%-1.77%应付债券5,850,4005,821,14029,2600.50%0.01%预计非流动负债38,677.9041,107.30-2,429.4-5.91%0.00%递延所得税负债778,906738,99339,9135.40%0.02%其他非流动负债11,798.208,816.122,982.0833.83%0.00%非流动负债合计27,651,70031,400,600-3,748,900-11.94%-1.74%负债总计228,376,000161,051,00067,325,00041.80%31.22%20112010变动对总资产的影响所有者权益变动额(%)(%)实收资本（或股本）10,995,20010,995,20000.00%0.00%资本公积8,843,4608,789,34054,1200.62%0.03%盈余公积13,648,70010,587,7003,061,00028.91%1.42%未分配利润18,934,60013,470,3005,464,30040.57%2.53%外币报表折算差额545,776390,132155,64439.90%0.07%归属于母公司股东权益合计52,967,80044,232,7008,735,10019.75%4.05%少数股东权益14,864,70010,353,5004,511,20043.57%2.09%所有者权益合计67,832,50054,586,20013,246,30024.27%6.14%负债和所有者权益总计296,208,000215,638,00080,570,00037.36%37.36%接下来，是对本公司权益总额变动的分析评价：本公司权益总额较上年同期增加80,570,000千元，增幅为37.36%，说明本期本公司权益总额的增幅是较大的。进一步分析可以知道：（1）负债本期增加67,325,000千元，增幅为41.80%，对权益总额的影响为31.22%；所有者权益本期增加了13,246,300千元，增长幅度为24.27%，使权益总额增长了6.14%，两者合计使权益总额本期增长了37.36%。（2）权益总额本期的增长主要体现在负债的增长上，而流动负债又是其增长的主要影响项目。流动负债本期增长71,073,000千元，增幅为54.82%，对权益总额的影响达到32.96%。其中，影响最大的是预收账款的增加，本期增加额为36,696,800千元，增幅为49.32%，使权益总额增长了17.02%。这主要是因为万科是一个房地产企业，有其行业的特殊性，如期房的销售，就是先交定金，后交房。其次是其他应付款的影响，本期增加13,402,800千元，增幅为79.71%，使权益总额增长了6.22%。（3）所有者权益本期增加主要体现在未分配利润的增长上。未分配利润本期增加5,464,300千元，增幅为40.57%，对权益总额的影响为2.53%。说明本公司的盈利能力还是比较好的。二、垂直分析　201120102011(%)2010(%)变动情况(%)流动资产货币资金34,239,50037,816,90011.56%17.54%-5.98%应收账款1,514,8101,594,0200.51%0.74%-0.23%预付款项20,116,20017,838,0006.79%8.27%-1.48%其他应收款18,440,60014,938,3006.23%6.93%-0.70%存货208,335,000133,333,00070.33%61.83%8.50%流动资产合计282,647,000205,521,00095.42%95.31%0.11%非流动资产可供出售金融资产441,262404,7640.15%0.19%-0.04%长期股权投资6,426,4904,493,7502.17%2.08%0.09%投资性房地产1,126,110129,1760.38%0.06%0.32%固定资产原值2,121,1901,674,4100.72%0.78%-0.06%累计折旧525,329454,8280.18%0.21%-0.03%固定资产净值1,595,8601,219,5800.54%0.57%-0.03%固定资产净额1,595,8601,219,5800.54%0.57%-0.03%在建工程705,553764,2820.24%0.35%-0.12%无形资产435,474373,9520.15%0.17%-0.03%长期待摊费用40,999.4032,161.400.01%0.01%0.00%递延所得税资产2,326,2401,643,1600.79%0.76%0.02%其他非流动资产463,7931,055,9900.16%0.49%-0.33%非流动资产合计13,561,8