Verify analyst claims while supporting your answers with relevant calculations Comment on overall financial performance of the company.
|
Description |
FY10 |
FY11 |
FY12 |
FY13 |
FY14 |
|
Financial Statements |
GBP m |
GBP m |
GBP m |
GBP m |
GBP m |
|
Income Statements |
|
|
|
|
|
|
Revenue |
4,390 |
3,624 |
3,717 |
8,167 |
11,366 |
|
Profit before interest & taxes (EBIT) |
844 |
700 |
704 |
933 |
1,579 |
|
Net Interest Payable |
(80) |
(54) |
(98) |
(163) |
(188) |
|
|
(186) |
(195) |
(208) |
(349) |
(579) |
|
Miniorities |
(94) |
(99) |
(105) |
(125) |
(167) |
|
Profit for the year |
484 |
352 |
293 |
296 |
645 |
|
Balance Sheet |
|
|
|
|
|
|
Fixed Assets |
3,510 |
3,667 |
4,758 |
10,431 |
11,483 |
|
Current asset investment,cash at bank & in hand |
316 |
218 |
290 |
561 |
682 |
|
Other current assets |
558 |
514 |
643 |
1,258 |
1,634 |
|
Total Assets |
4,384 |
4,399 |
5,691 |
12,250 |
13,799 |
|
Interest Bearing debts (long term) |
(602) |
(1,053) |
(1,535) |
(3,523) |
(3,707) |
|
Other creditiors & provisions |
(1,223) |
(1,054) |
(1,102) |
(2,377) |
(3,108) |
|
Total Liabilities |
(1,825) |
(2,107) |
(2,637) |
(5,900) |
(6,815) |
|
Net Assets |
2,559 |
2,292 |
3,054 |
6,350 |
6,984 |
|
Share Holders Funds |
2,161 |
2,006 |
2,309 |
5,572 |
6,165 |
|
Equity miniorities interest |
398 |
286 |
745 |
778 |
819 |
|
Capital employed |
2,559 |
2,292 |
3,054 |
6,350 |
6,984 |
|
Cash flow |
|
|
|
|
|
|
|
(53) |
5 |
71 |
85 |
107 |
|
Net casf flow from opreations |
864 |
859 |
975 |
1,568 |
2,292 |
After analysis the analyst made following assertions:
- The company’s efficiency deteriorated
- The company’s liquidity improved
- The company’s solvency deteriorated
- The company’s profitability deteriorated
Required:
- Verify analyst claims while supporting your answers with relevant calculations
- Comment on overall financial performance of the company.
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