UNIVERSITI KUALA LUMPUR BUSINESS SCHOOL
MANAGEMENT ACCOUNTING
EIB30503
GROUP REPORT
ME 20
PREPARED BY:
NAME STUDENT ID
ARIFF AQMAR BIN AZIZAN 62212121092
NUR DAMIA ATYIERAH BINTI ASHNIZAL 62212121091
PREPARED FOR : SIR NOR AZAM YAAKOB
SUBMISSION DUE : 09 DECEMBER 2023
TABLE OF CONTENT
1.0 Background Of The Company........................................................................................ 3
2.0 Vision and Mission...........................................................................................................4
3.0 Organisational Chart........................................................................................................5
4.0 Corporate Social Responsibility (CSR) Initiatives........................................................ 6
5.0 Awards and Recognition................................................................................................. 7
6.0 Financial data................................................................................................................... 8
7.0 Top Glove financial data.................................................................................................. 9
7.1 Income statement.........................................................................................................9
7.2 Balance sheet.............................................................................................................10
7.3 Cash flow....................................................................................................................10
8.1 Current ratio................................................................................................................11
8.2 Quick ratio.................................................................................................................. 12
9.0 Conclusion......................................................................................................................13
1.0 Background Of The Company
In 1991, Tan Sri Dr. Lim Wee Chai founded Top Glove Corporation Berhad with an initial
capital of RM1 million. The company started with a single factory, one glove production line,
and a team of 100 employees.
Top Glove quickly became a leader in the glove manufacturing industry by focusing on
innovation and quality. The company expanded its manufacturing base to Thailand, Vietnam,
and China, and today produces over 85 billion gloves annually, capturing a 25% share of the
global market. Top Glove is also committed to social responsibility and sustainability. The
company has implemented initiatives to reduce its environmental impact, minimise waste,
and conserve resources. Additionally, Top Glove prioritises the well-being of its workforce,
ensuring fair labour practices and providing comprehensive healthcare and welfare benefits.
Top Glove has received numerous awards for its achievements, including the Frost &
Sullivan Malaysia Best Practices Award for Glove Manufacturing, the Global Business
Outlook Award for Healthcare Manufacturing, and the Malaysia Business Awards for
Excellence in Corporate Social Responsibility. Looking towards the future, Top Glove
remains focused on continued growth and expansion. The company is investing in research
and development to explore new technologies and product innovations. With a strong track
record of financial performance and a robust business strategy, Top Glove is well-positioned
to maintain its leadership position in the global disposable glove market.
2.0 Vision and Mission
Vision
Top Glove aspires to be the world's premier provider of top-tier gloves and healthcare
products, recognized for its unwavering commitment to excellence and innovation. The
company envisions a future where its products are widely recognized and trusted for their
exceptional quality, ensuring the safety and well-being of people around the globe.
Mission
Driven by an unwavering commitment to safeguarding human health, Top Glove is dedicated
to manufacturing and supplying high-quality gloves and healthcare products that meet the
ever-evolving needs of its global clientele. The company's mission is to provide healthcare
professionals, industrial workers, and individuals with the protection they require, ensuring
their safety and well-being in various settings.
3.0 Organisational Chart
4.0 Corporate Social Responsibility (CSR) Initiatives
Top Glove recognizes the importance of operating responsibly and sustainably. The
company actively engages in a range of CSR initiatives that encompass employee welfare,
environmental stewardship, and community engagement.
Employee Welfare
Top Glove prioritises the well-being of its employees, fostering a safe and healthy work
environment. The company ensures fair compensation, provides ample opportunities for
training and development, and promotes a culture of continuous improvement.
Environmental Stewardship
Top Glove demonstrates a deep commitment to environmental sustainability. The company
implements comprehensive measures to minimise its environmental impact, focusing on
energy conservation, waste reduction, and water resource management.
Community Engagement
Top Glove actively engages with local communities, extending support to schools, hospitals,
and charitable organisations. The company's CSR efforts contribute to the social and
economic well-being of the communities in which it operates.
5.0 Awards and Recognition
Top Glove's dedication to quality, innovation, and sustainability has garnered widespread
recognition:
● Brand of the Year, Manufacturing - Gloves (by The BrandLaureate)
● Outstanding Business Awards – Largest Rubber Glove Manufacturer (by The
Malaysia Book of Records)
● The Largest Rubber Glove Manufacturer (by The Malaysia Book of Records)
● Manufacturer Man of The Year Award (by The BrandLaureate)
● President’s Award, Category: Glove (by The BrandLaureate)
● Winner for Manufacturing - Chemicals & Heavy Industries sector, in Malaysia’s 100
Leading Graduate employers 2013 (by GTI Media)
● Nine consecutive Frost & Sullivan Asia Pacific Rubber Glove Company of the Year
Awards (2012-2020)
● ASEAN Business Awards ASEAN Enterprise of the Year Award in 2017
● Inclusion on the Forbes Global 2000 list in 2021
6.0 Financial data
Financial data refers to the numerical information that are related to the financial health and
performance of an individual, business, or the economy. It includes a wide range of data
points that provide insights into the financial activities, transactions, and positions of
entities.For the purposes of analysis, decision-making, and evaluating overall financial
well-being,financial data is essential.
There are a few example of financial data:-
Income statement
Income statement is a document that have been summarise revenues, cost and the
expenses that incurred during a specific period. It includes a details such as gross
profit, sales, net income and operating income
Balance sheet
Balance sheet is a statement that provide a snapshot of a company financial position
at a specific point in time, liabilities, showing asset and equity
Cash flow statement
Cash flow is a report that are details in the cash generated and used during a specific
time frame that were categorised into operating, financial activities and investing
Stock price data
Stock price is information about company stock, including its daily closing price,
trading volume, low price and others.
Analysing financial data is the compass of guiding individuals, businesses, investors, and
policymakers in making informed decisions and effectively managing the resources. It
functions as a financial narrative, providing information on performance and its financial
health. It helps people with long-term financial planning and budgeting. Companies utilise it
to increase profits and streamline operations. While governments formulate economic
policies based on economic statistics, investors depend on it to make well-informed
investment decisions. In this symphony of numbers, decoding financial data contributes to a
harmonious understanding of financial landscapes, fostering resilience and sustainable
prosperity.
7.0 Top Glove financial data
Top Glove Corporation Berhad is a Malaysian rubber glove manufacturer who also
specialises in face masks, dental dams, and other products. The company owns and
operates 50 manufacturing facilities in Malaysia, Thailand, China, and Vietnam.
7.1 Income statement
7.2 Balance sheet
7.3 Cash flow
8.0 Calculation for Top Glove company
8.1 Current ratio
The current ratio is a liquidity ratio that measures a company ability to pay short-term
obligations or those due within one year. It tells investors and analysts how a company can
maximise the current assets on its balance sheet to satisfy its current debt and other
payables.
2020
Current Asset / Current Liabilities
4,287,653,000 / 2,132,524,000
= 2.01
2022
Current Asset / Current Liabilities
2,111,117,000 / 996,488,000
= 2.12
8.2 Quick ratio
The quick ratio is an indicator of a company’s short-term liquidity. position and measures a
company’s ability to meet its short-term obligations with its most liquid assets.
2020
Current Asset - Inventory / Current liabilities
4,287,653 - 530,729 / 2,132,524
= 1.8
2022
Current Asset - Inventory / current liabilities
2,111, 117 - 575,262 / 996,488
= 1.5
9.0 Conclusion
Top Glove Corporation Berhad has established itself as a leading global manufacturer of
disposable gloves, driven by its unwavering focus on innovation, quality, and social
responsibility. The company's success is a testament to its ability to adapt to market
changes, expand its global footprint, and maintain the highest standards of production. Top
Glove's commitment to sustainability and employee well-being further strengthens its
position as a responsible and ethical corporate citizen. As Top Glove continues to navigate
the evolving healthcare industry, its commitment to innovation and quality remains steadfast.
The company's focus on research and development, coupled with its strong financial
performance and robust business strategy, positions it well for continued growth and
success in the global disposable glove market.
