Abstract This report will analyse Greggs’ 2010 annual report on the purpose of evaluating the company’s current operating condition and providing suggestions of improvement to the company’s management team. According to ASB'S Statement of Principles for Financial Reporting, the selected information will be provided to the following users: shareholders, loan creditor group, analyst-adviser group, employees, customers, suppliers, government and the public. Then, based on the key ratio calculations, the company’s financial performance is to be evaluated from two parts: profitability analysis and liquidity analysis. For the profitability analysis, the profitability ratios go up. It is mainly because the sale increases through adding the …show more content…
Overall, the directors’ report provides enough information about earning per share and dividends to satisfy shareholders’ needs. The report shows those figures in detail, explains the reasons for the growth and provides a foreseeable further increase in the coming year. 1.1.2 Business performance In addition, shareholders’ interest is in business performance, which can be illustrated by revenue generation and management. They use the information to help them assess the business. (ASB'S Statement of Principles for Financial Reporting, 1999). The annual report provides positive results for 2010. • “Despite the tough trading conditions across the UK in 2010 the company grew total sales by 2.1 per cent compared with the equivalent 52 week period in 2009, including a 0.2 per cent increase in like-for-like sales.” (Annual Report and Accounts 2010, 2010; p8) • However, severer weather results in a slow growth “in the second half of the year, and particularly in the final quarter.” (Annual Report and Accounts 2010, 2010; p8) • The reasons for the increased revenue are: (Annual Report and Accounts 2010, 2010; p8) 1) Providing customers with exception promotion, based on their needs. 2) Take
Between years 6 and 7 CBI’s Net Sales increased by 33.3% for a change of $1,495,000. The increase of 33% indicates strength for the company because it means that the
Prospective investors need information to predict a company's potential for success, profitability and dividends based on the profits estimated in statement of financial position in order for decision-making. Current investors are also interested on the estimated profits for the future in order to determine whether or not they should continue to invest in an organisation.
* The proforma financial data in the case indicates an increase of 10% per year in sales.
In accounting there is much to be learned, about the financial aspects of a business. In the past five weeks I have learned the importance of financial reports and how they relate to the success of an establishment. These reports may include balance sheets and income statements, which help accountants and the public grasp the overall financial condition of a company. The information in these reports is really significant to, managers, owners, employees, and investors. Managers of a business can take and deduce financial
years, sales had increased at a 7% compound rate, while earnings, benefiting from substantial cost
we saw increase in sales from 11070 to 12223.8, net earnings also boosted from 382.9 to 519.3. Similarly, cash flow from operating activities also increased by 136 million dollars. At the same time, net earnings rose up to 523 million dollars in 2015. On the other hand, total assets upgraded from 4817.4 to
The financial statements are showing that the firm is fiscally sound. This helps executives to capitalize on new opportunities in order to increase the company's earnings. For example, three important areas which are showing how the firm is enhancing their profits margins are in the sales, net earnings and dividends per common shareholder from 2010 to 2012. ("Built to Deliver," 2012)
The purpose of this report is to critically analyse the financial ratio results of Morrison 2008 and 2009 as an equity analyst and compare it with like for like by using Tesco supermarket.
After the end of every year, major companies produce an annual report to show shareholders or poteintial investors their performers for the year. Throught this report, the company is able to plan and set goals for the next trading year. Therfore, allowing them to identify their weakness and streanght.
This paper provides the horizontal and vertical analysis of the income statement and the balance sheet. Equally, financial ratios have been computed to show the leverage, liquidity, efficiency, profitability and the equity of the Hewlett Packard enterprises. Recommendations and conclusion have been made on the results depicted by the analysis. Lastly, an evaluation was made on the different ways that stakeholders utilize the financial statements.
Total profit show a positive increase from 18% in 2013 to 31% in 2015, far reaching the brothers’ preference of $1.1 M in 2015, Appendix 3 showed $1.4 M net profit
Revenues for the year ending 2010 were 78,025 compared to 61,021 in 2009. Sales in 2010 represented an increase of 28% over 2009. This was due to a rise in steel shipments as well as a smaller rise in steel prices. Although 2010 did see an improvement in sales, it still
Discuss the effect of the Statement of Principles for Financial Reporting on current UK financial reporting practice.
The last quarter’s profits were on a different scale; however, sales in the three months up to the end of December increased 30% to $74.6bn and the profits of $18bn were up 37%. A fast quarterly growth witnessed since 2012. It is not a small feat for a company of that size.
Financial Statements basically show the historical performance or record of the company at some previous point of time. By the time when financial statements are made public, changes are many economical areas such as market conditions, currency exchange rate and inflations can change the values of assets and liabilities. In this case there often exist discrepancies between book value of assets and their market values.