(後)第11回 企業価値の評価 - yamauchi-cpa.net

1 1 ( ) 11 (5) 2 213 23 12 26 II ( 11 H21 1 ) ( 8 )( 5 ) (1) (2) (3) up 2 (1) (2) (3) (1) (2) (3) 3 (1)FASB IASB (2) (3) (4)

2 2008 9 IASB 10 4 2,000 B/S P/L 1,000,000 400,000 600,000 384,000 400,000 16,000 20,000 100,000 1 12,500 16/3 500 17/3 300 18/3-20/3 400 5 22,500 22,500 2,000 45,000,000 40 1,200,000 1,000,000 700,000 600,000 50,000 0 450,000 400,000 20,000 450,000 20,000 22,500 6 (2) (3) (1) (1) (2) (3)

3 24,500 24,500 2,000 49,000,000 400,000 169,000 79,831 489,168 20,000 1 24,500 400,000 23 3 7 169,000 16,000 2003 2007 13,905 2,964,498 16,000 169,000 79,831 400,000 400,000 7,560 7,560 7,560 79,831 8 17,500 17,500 2,000 35,000,000 12,500 22,500 /2 17,500 9 1 9,000 9,000 2,000 18,000,000 1 16/3 17/3 18/3 19/3 20/3 5 500 300 400 400 400 400 5,000 5,000 5,000 5,000 5,000 5.

4 000 1 10 19 5 1 400 400 9,000 5,000 20,000 100,000,000 20,000 5,000 9,000 5,000 10 10 1 12,000 10 12,000 2,000 24,000,000 22,500 1 2 22,500 20,0002,000 2 1 31 2 1,500 24,500 1 2 24,500 20,0002,000 2 1 32 2 3,300 9,000 1 9,000 1 20,0002,000 2 1 7,200 12,000 1 2,000 20,000 50 10,000 100 100 2 ( )

5 3 2 3 1 11 --- --- --- --- --- --- C 1 1980 --- --- 55 --- --- 2 IT 1% 1980 ---21 --- 20 IT 12 B/S P/L B/S --- B/S --- P/L --- P/L --- 13.

6 ---- 14 ---- ---- 2001 1 5 4 3 2 15 I II III IV V A 2,115 1,750 2,640 2,500 2,640 B 275 300 320 350 350 C 600 200 400 500 500 D 200 175 190 175 190 E 150 125 160 200 200 F 35 25 78 35 78 -425 -425 -325 -375 -225 2,950 2,150 3,463 3,385 3,733 -300 -300 -300 -300 -300 2,650 1,850 3,163 3,085 3,433 100 III --- IV --- V --- 16 (1) ( ) (2) 50 (3) ( ) (4) 10 + (5)

7 180 32 2002 2003 2004 2005 2006 97 89 81 74 68 408 48 44 41 37 34 204 a 46 40 35 30 26 176 ( ) b 81 A (a+b) 257 B 0 C 0 D (A+B+C) 257 E 180 F (D E) 78 ( ) ( 50 W X 2000 (5 ) Y 6 ..GDP Z 5 (W/X Y) Z 70 W/Z 81 17)

8 18 19 II 20 77 12 1829 500 12 60 18 77 20 26 5 1744-1833 1776 1848 1832 1848 250 1844 1847

9 200 21 30 11 1840 170 22 12 1 20 170 37 30 1 37 37 1880 13 1,000 800 200 1,800 1 4 TBS 22