An Analysis of Asset Structure of Nigerian Quoted Firm

ABSTRACT

This study analysed asset structure in Nigerian quoted firms for the period of 2012-2016. It specifically analyse the structural composition of non-current assets of the quoted firms; analyse the structural composition of current assets of the quoted firms; and establish the level of commonality of the asset composition of the quoted firms. For the purpose of this study descriptive analysis was used to analysed data generated from the annual reports and financial statement of ten (10) manufacturing firms.

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The data were analysed using descriptive statistics such as minimum, maximum and mean while inferential statistics such Analysis of Variance. Findings from the study showed that 84.6% of the non-financial assets were held in property, plant and equipment while 14.45%, 0.13% and 0.81% were held in intangible assets, prepayments and other receivables respectively. Also 40.19% of the current assets were held in trade and other receivables while 35.03%, 1.73%, 20.70% and 2.35% were held in inventories, prepayment, cash and cash equivalent, and others. It was also revealed that there is no linear association between the asset composition of Nigerian quoted firms.

It is concluded that plant and equipment held the most assets under the non-financial assets while trade and other receivables held the majority percentage under the current assets. The least for current assets and non-current assets are prepayment and prepayment respective. Among other recommendations is that managers of all firms should increase their allocation of resources towards long term investments and funds. They should also reduce over investment on Property, Plant & Equipment and focus on utilizing the already existing ones fully. Investment in current assets and intangible assets should be guided by other considerations to reduce the costs involved in holding inventory.

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TABLE OF CONTENTS
CHAPTER ONE: INTRODUCTION
1.1 Background to the Study
1.2 Statement of the Problem
1.3 Research Objectives
1.4 Research Questions
1.5 Methodology
1.6 Significance of the Study
1.7 Scope of the Study
1.8 Organization of the Study
CHAPTER TWO: LITERATURE REVIEW
2.1 Conceptual Review
2.1.1 Concept of Asset Structure
2.1.2 Intangible Asset
2.1.3 Fixed Assets
2.1.4 Current Asset
2.1.5 Asset Management
2.2 THEORETICAL REVIEW
2.2.1 Pecking Order Theory
2.2.2 Trade-Off Theory
2.3 Empirical Review
CHAPTER THREE: RESEARCH METHODOLOGY
3.1 Introduction
3.2 Research Design
3.3 Source of Data
3.4 Population of the Study
3.5 Sample and Sample Size
3.6 Method of Data Analysis
CHAPTER FOUR: ANALYSIS AND INTERPRETATION OF RESULT
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 Summary
5.2 Conclusion
5.3 Recommendations
REFERENCES
Appendix

 

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