Heineken Malaysia Berhad Ratio Statement

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Question (a) Heineken Malaysia Berhad was incorporated on 24 January 1964. Previously, the Heineken Malaysia Berhad was actually using Guinness Anchor Berhad as their company name however, while on 15 March 2016 they have change its name from Guinness Anchor Berhad to Heineken Malaysia Berhad in order to "reflect the corporate identity and branding of the Company and its relationship with the Heineken Group of companies. The listing of the company shares on the Malaysia Stock Exchange is in 1965 and in 1989, Malayan Breweries (Malaya) Sdn Bhd has been merged to widen the product base of the business. There are one brewery which also called Sungei Way Brewery is located in Selangor. This brewery was operated by Heineken Malaysia since 1965.…show more content…
As Heineken Malaysia Berhad current ratio is 1.88:1, it actually have been exceed the ideal ratio for a company which is 1.5:1. This has shown that Heineken Malaysia Berhad have the ability to meet its short term liabilities. Other than that, as in 2014, the current ratio for Heineken Malaysia Berhad is 1.42:1, this has shown that they are operating their business well in general as in 2015, the current ratio has an improved from 1.42:1 to 1.88:1. Actually, the receivables, deposits and prepayment from current assets in 2014 is higher than the receivables, deposits and prepayment in 2015. This is because the amount due from a subsidiary in the receivable, deposits and prepayment section have a significant different between 2014 and 2015 for both trade and non-trade. The trade amount due from a subsidiary for 2014 is RM24,945,000 but in 2015, there is a zero trade amount due from a subsidiary for the year. Moreover, the non-trade amount due from a subsidiary also have a significant different of RM41,313,000 which because of amount in 2014 is 76,865,000 and the amount in 2015 is 35,552,000. Although, this can actually become a problem which can drag

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