1 / 18

Monthly Report April 2011

Monthly Report April 2011. Accounting, Finance, Investment. Contents. Activities. Market Watch. Investment / Financial Results. Plans. Accounting. Activities. First Quarter Financial Statements Working with E&Y auditors on related matters. Revised Payment Time

oakley
Download Presentation

Monthly Report April 2011

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Monthly Report April 2011 Accounting, Finance, Investment

  2. Contents Activities Market Watch Investment / Financial Results Plans

  3. Accounting Activities First Quarter Financial Statements Working with E&Y auditors on related matters Revised Payment Time Payments of 100 million dong or above will be settled on every Tuesday. Invoice Reminded all staffs on Invoice of 2010 and backward, issued after 31/03/2011, expired from 1st Apr, 2011 onwards to protect our company.

  4. Finance Activities Tax reports 2010 Finalization reports Monthly reports Destroying 2010 expired invoices

  5. Investment Activities Enhance Investment Yield Moving money to the highest return asset Universal Life Product Final draft of investment strategy and policy Market Research Building quantitative analysis for macro view Transition Work handover from Jonathan Lee

  6. Market Watch Frankfurt DAX YTD:5.5%; MTD:3.6% GDP Q1: 0.8%e CPI Q1: 2.6% Shanghai SHX YTD:5.4%; MTD: 1.1% GDP Q1: 9.7% CPI Q1: 5.4% NY S&P 500 YTD:6.2%; MTD: 0.7% GDP Q1: 2.0%e CPI Mar: 2.3% Hot Issues: 1. Equity markets are booming 2. Commodities prices are inflated 3. Devaluation of USD (record low in 2 yrs) 4. Raised interest rate: EU, China, Brazil… Taipei TWSE YTD:-0.3%; MTD: 3.1% GDP Q1: 5.01%e CPI Q1: 1.35% Market Watch HCMC HCM YTD: -3.9%; MTD: 1.4% GDP Q1: 5.43% CPI Qi: 12.79% Financial MarketQ1 / April Note : As of Apr. 25th.

  7. Prominent Assets ( in 2011) Market Watch Gold Spot/oz US Dollar Down 6.2% YTD UP 5.4% YTD MSCI World Index Crude Oil UP 22% YTD UP 5.8% YTD

  8. Market Watch Interest Rate & Exchange Rate Exchange Rate (As of Apr. 25th) Interest Rate (As of Apr. 25th) TWDVND (R) UP 24% USDVND (L) UP 12% Note: Rate for institutions. • Interest rates are at incredibly high level . • VND is still under pressure of depreciation.

  9. Trade Deficit vs Exchange Rate Market Watch Trade Balance Estimation VND and Acc. Trade Deficit USD in MN VND in MN Trade Deficit (R) a b USDVND (L) c Set scenarios like this (control the pace of Exp/Imp): a: Export grows faster. b: Import and Export grow in the same pace. c: Import grows faster. • VND and Trade Deficit have some kind of co-relation. • With high prob. deficit will be still high. Since it’s still Gov.’s concern, VND may keep devaluating with that.

  10. Asset Allocation & Revenue Investment Result Gov. Bonds (77.5%) Gov. Bonds: Ave. yield 15.76%; Duration 4.58 USD TD (8.5%) USD TD: Weighted rate 2.15%; Tenor: 0.35 VND TD (13.1%) VND TD: Weighted rate 15.68%; Tenor: 0.95 Cash/DD: Target amount of 1.5 billion Cash / DD (1%) Note: As of Apr. 25th. • Most of our investment comes to the long term Government Bonds. • Weighted average yield is around 14.5%. We achieve 13+ billion VND Investment Return every month.

  11. Profit and Loss Financial Result Billion VND • For the first quarter, expenses are still high. • Actual / Budget 2011 goes to 19% this year to date.

  12. Gross Premium Financial Result Billion VND • Actual / Budget 2011 is 124% YTD • Actual 2011 / 2010 is 217% YTD

  13. Sales Expenses Financial Result Billion VND Note: Sale expenses are mostly agent incomes, sale incentives…(commission exclusive) • Actual / Budget 2011 is 112% YTD • Actual 2011 / 2010 is 174% YTD

  14. Administrative Expenses Financial Result Billion VND • Actual / Budget 2011 is 95% YTD • Actual 2011 / 2010 is 117% YTD

  15. Accounting Plans Online Business Trip Reimbursement Working with IT to figure out the issues and get the best solutions Innovation & Incentive Following up and update to BOD the staff contributions Universal Life Product Setting up the accounting process

  16. Finance Plans Innovation & Incentive Opening Visa Debit cards for Regional Directors Sacombank’s Renewal Service Contract Negotiating the best terms with Sacombank Cooperate with IT to create new functions Daily cash on hand report of customer services Monitoring of returned insurance payments and re-payment processing

  17. Investment Plans Enhance Investment Yield Moving money to the highest return assets Maintaining the cash balance at the lowest level Market Relationship Keeping in contact with market players Universal Life Product Assisting Planning Division on related matters Market Watch/Research Monthly presentation / New product survey

  18. Thank You

More Related