162015ChangeNotes to the financial statements00000.3at 31 December 201611179,587+5.6%18,987+ ? %63,057+32.9%3. TurnoverTurnover recognised in the income statement is anavsed as follows.2 %304 %-82%201620154.54.1+10%£00£00049618+5%Sale of goods189,711179,587ar, primarily due to thea full years contribution inTurnover from continuing operations189,711179,5874. Cost of Sales20162015£000£000Material Cost42,59738.845y Current Liabilities) is ?Production Cost15,23112,845es.) is ?Labour Cost50,75847,285EACH OF THESECost of Sales108,58698,9755. Overheads20162015£000£000Administrative Expenses13,75120,251Other Operating Costs22,37434,293Interest1,9437,081Total Overheads38,06861,625 L 2:1 1 | '· 1. 2| 3. | 4.|. 6. 7910. 11 I121314: I15'| 17. | 18Business review TemplateThe Net Profit for the year 2016 , is £? (2015: £18,987,000).The Company's key financial and other performance indicators during the year were as follows:20162015Change000.3000.3%Turnover (continuing operations)Profit for the financial yearShareholder's equity189,711179,587+5.6%+ ? %??18,98763,057+32.9%Current assets as % of current liabilities? %304%-82%Customer satisfaction4.54.1+10%Average number of employees649618+5%Turnover from continuing operations increased by 5.6% during the year, primarily due to theacquisition of the Extinguishers business on 1 May 2015, which made a full years contribution in2016.Gross Profit = £?Net Profit = £?Net Profit increased in 2016 by ? % during the year.D Focusre to search17°C4x G EN

Net profit is the profit which is equal after deducting all the expenses and costs of goods sold…

Business review Template The Net Profit for the year 2016, is £? (2015: £18,987,000). The Company's key financial and other performance indicators during the year were as follows: 2016 2015 Change £'000 £'000 Turnover (continuing operations) Profit for the financial year Shareholder's equity 189,711 179,587 18,987 +5.6% 2 + ? % 63,057 +32.9% Current assets as % of current liabilities 2 % 304% -82% Customer satisfaction 4.5 4.1 +10% Average number of employees 649 618 +5% Turnover from continuing operations increased by 5.6% during the year, primarily due to the acquisition of the Extinguishers business on 1 May 2015, which made a full years contribution in 2016. Gross Profit = £? Net Profit = £? Net Profit increased in 2016 by ? % during the year.

Business review Template The Net Profit for the year 2016, is £? (2015: £18,987,000). The Company's key financial and other performance indicators during the year were as follows: 2016 2015 Change £'000 £'000 Turnover (continuing operations) Profit for the financial year Shareholder's equity 189,711 179,587 18,987 +5.6% 2 + ? % 63,057 +32.9% Current assets as % of current liabilities 2 % 304% -82% Customer satisfaction 4.5 4.1 +10% Average number of employees 649 618 +5% Turnover from continuing operations increased by 5.6% during the year, primarily due to the acquisition of the Extinguishers business on 1 May 2015, which made a full years contribution in 2016. Gross Profit = £? Net Profit = £? Net Profit increased in 2016 by ? % during the year.

Financial & Managerial Accounting

13th Edition

ISBN:9781285866307

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 15.17EX: Profitability ratios The following selected data were taken from the financial statements of...

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