Hardy is a public listed manufacturing company. Its summarised financial statements for the year ended 30 September 2019 (and 2018 comparatives) are:   2010 RM’000 2009 RM’000 Revenue 29,500 36,000 Cost of sales   (25,500)  (26,000) Gross profit   4,000 10,000   Distribution costs (1,050)  (800) Administrative expenses     (4,900) (3,900) Investment income  50 200 Finance costs (600) (500) Profit (loss) before taxation   (2,500)  5,000 Income tax (expense) relief    400 (1,500) Profit (loss) for the year (2,100) 3,500 Income statements for the year ended 30 September:   Statements of financial position as at 30 September:     2010 2009   RM’000 RM’000 RM’000 RM’000 Assets         Non-current assets         Property, plant and equipment 17,600    24,500     Investments at fair value through profit or loss 2,400  20,000  4,000  28,500           Current assets         Inventory and work-in-progress  2,200   1,900   Trade receivables  2,200   2,800   Tax asset 600   nil   Bank  1,200 6,200 100 4,800 Total assets   26,200    33,300           Equity and liabilities         Equity         Equity shares of $1 each 13,000   12,000     Share premium 1,000   nil   Revaluation reserve nil   4,500   Retained earnings 3,600 17,600  6,500 23,000           Non-current liabilities           Bank loan 4,000   5,000   Deferred tax 1,200 5,200 700 5,700           Current liabilities         Trade payables 3,400   2,800   Current tax payable nil 3,400 1,800   4,600 Total equity and liabilities   26,200   33,300   The following information has been obtained from the Chairman’s Statement and the notes to the financial statements: ‘Market conditions during the year ended 30 September 2019 proved very challenging due largely to difficulties in the global economy as a result of a sharp recession which has led to steep falls in share prices and property values. Hardy has not been immune from these effects and our properties have suffered impairment losses of $6 million in the year.’ The excess of these losses over previous surpluses has led to a charge to cost of sales of $1·5 million in addition to the normal depreciation charge. ‘Our portfolio of investments at fair value through profit or loss has been ‘marked to market’ (fair valued) resulting in a loss of $1·6 million (included in administrative expenses).’ There were no additions to or disposals of non-current assets during the year. ‘In response to the downturn the company has unfortunately had to make a number of employees redundant incurring severance costs of $1·3 million (included in cost of sales) and undertaken cost savings in advertising and other administrative expenses.’ ‘The difficulty in the credit markets has meant that the finance cost of our variable rate bank loan has increased from 4·5% to 8%. In order to help cash flows, the company made a rights issue during the year and reduced the dividend per share by 50%.’ ‘Despite the above events and associated costs, the Board believes the company’s underlying performance has been quite resilient in these difficult times.’ Ratios: 2010 2009 Gross profit margin 13.6% 27.8% Operating profit margin -6.6% 14.7% Return on year-end capital employed -11.9% 15.2% Net asset 1.29 times 1.25 times Current ratio 1.8:1 1.0:1 Average inventory turnover 12.4 times 13.7 times Trade payables’ payment period 49 days 49 days Debt  to equity 22.7% 21.7% State what 6 other additional information is needed for a better analysis of Hardy's position. *Apart from ratio analysis, income statement analysis and statement of financial position analysis.

Hardy is a public listed manufacturing company. Its summarised financial statements for the year ended 30 September 2019 (and 2018 comparatives) are:

Income statements for the year ended 30 September:

Statements of financial position as at 30 September:

The following information has been obtained from the Chairman’s Statement and the notes to the financial statements:

‘Market conditions during the year ended 30 September 2019 proved very challenging due largely to difficulties in the global economy as a result of a sharp recession which has led to steep falls in share prices and property values. Hardy has not been immune from these effects and our properties have suffered impairment losses of $6 million in the year.’

The excess of these losses over previous surpluses has led to a charge to cost of sales of $1·5 million in addition to the normal depreciation charge.

‘Our portfolio of investments at fair value through profit or loss has been ‘marked to market’ (fair valued) resulting in a loss of $1·6 million (included in administrative expenses).’

There were no additions to or disposals of non-current assets during the year.

‘In response to the downturn the company has unfortunately had to make a number of employees redundant incurring severance costs of $1·3 million (included in cost of sales) and undertaken cost savings in advertising and other administrative expenses.’

‘The difficulty in the credit markets has meant that the finance cost of our variable rate bank loan has increased from 4·5% to 8%. In order to help cash flows, the company made a rights issue during the year and reduced the dividend per share by 50%.’

‘Despite the above events and associated costs, the Board believes the company’s underlying performance has been quite resilient in these difficult times.’

State what 6 other additional information is needed for a better analysis of Hardy's position.

*Apart from ratio analysis, income statement analysis and statement of financial position analysis.