You are required to select a listed company from the London Stock Exchange. You must make sure that all 4 financial statements are available to complete this assessment. Your selection of the company may be from a retail sector/airlines or a manufacturing company.
You are required to select a listed company from the London Stock Exchange. You must make sure that all 4 financial statements are available to complete this assessment. Your selection of the company may be from a retail sector/airlines or a manufacturing company.
Assessment 2 will be an individual analytical report on the performance of an organisation (see above) based on the published financial information, and reading of the financial press. This will be submitted by 9th of March 2015.
Your report should be about 1500 – 2000 words plus appendices of calculations and charts. You should obtain the accounting statements (annual report) from BREO. This should include
1. Accounting ratios (all five categories) over 2 years (2013 & 2012).
2. Share price observations at monthly intervals over the 24 months of the 2 years.
21st Century Products Limited
Income Statement for the years ended 31 December
2014 2014 2013 2013
‘000 ‘000 ‘000 ‘000
Sales 85,000 96,000
Opening Stock 8,900 9,200
Plus Purchases 61,500 73,600
Less Closing Stock 9,200 10,000
Cost of Sales 61,200 72,800
Gross Profit 23,800 23,200
Operating Expenses
Administration 14,450 15,900
Sales and Marketing 3,690 3,560
Financial Services 250 18,390 250 19,710
Net Income 5,410 3,490
Statement of Financial Position as at 31 December
2014 2014 2013 2013
Non-current assets ‘000 ‘000 ‘000 ‘000
Fixtures and fittings 15,760 17,050
Current assets
Inventory 9,200 10,000
Receivables 11,300 19,500
Cash 11,500 14,400
32,000 43,900
Current liabilities
Trade Payables 21,500 30,600
Bank loan (10%) 1,700 1,600
23,200 32,200
Net current assets 8,800 11,700
Long term liabilities
Long term loan 240 940
Net Assets 24,320 27,810
Equity
Share Capital 18,910 24,320
Retained Income 5,410 3,490
24,320 27,810
Number of shares = 10,000
Share price 2012 = £5; 2013=£10
Required: Analyse the accounts. Would you invest in this company? Justify your answer.
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