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Evaluating The Accounts Of Sky Plc

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Analysing Organisational Performance AC0823A Assessment Unit 1 Sky’s Performance Michael Conacher-Finnegan Student Number: 1502339 Contents Introduction This report is provided for the purpose of evaluating the accounts of Sky PLC. The report shall feature calculations of ratios based on factual figures and provide a discussion as to the possible underlying causes of such changes. Sky PLC’s annual accounts have been used to gain the facts and figures and Sky PLC website has been used to gain company information. This report is limited to the information provided by Sky PLC and no other facts, figures or sources have been consulted. Company Overview Sky began in 1989 when they launched a satellite television service with four channels which where free of charge. This included Sky News which was as the time Europe’s first 24 hour news channel and in 1991 Sky Sports was invented which would go on to become one of the biggest channels in history. By 2006 sky had become one of the major market players within home phone, broadband and television. In 2014 Sky acquired its sister companies in Austria Germany and Italy. (Sky Timeline 2015) Sky now has over 20 million customers gained through operating in five different countries; The United Kingdom, Ireland, Austria, Germany and Italy. Sky is now Europe’s largest entertainment provider with £11 billion of revenues and employs 31,000 employees at 30 main sites

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