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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:16
2015
Change
Notes to the financial statements
00
000.3
at 31 December 2016
11
179,587
+5.6%
18,987
+ ? %
63,057
+32.9%
3. Turnover
Turnover recognised in the income statement is anavsed as follows.
2 %
304 %
-82%
2016
2015
4.5
4.1
+10%
£00
£000
49
618
+5%
Sale of goods
189,711
179,587
ar, primarily due to the
a full years contribution in
Turnover from continuing operations
189,711
179,587
4. Cost of Sales
2016
2015
£000
£000
Material Cost
42,597
38.845
y Current Liabilities) is ?
Production Cost
15,231
12,845
es.) is ?
Labour Cost
50,758
47,285
EACH OF THESE
Cost of Sales
108,586
98,975
5. Overheads
2016
2015
£000
£000
Administrative Expenses
13,751
20,251
Other Operating Costs
22,374
34,293
Interest
1,943
7,081
Total Overheads
38,068
61,625
Transcribed Image Text:L 2:1 1 | '
· 1. 2
| 3. | 4.
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9
10. 11 I
12
13
14: I
15
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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
000.3
000.3
%
Turnover (continuing operations)
Profit for the financial year
Shareholder's equity
189,711
179,587
+5.6%
+ ? %
?
?
18,987
63,057
+32.9%
Current assets as % of current liabilities
? %
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.
D Focus
re to search
17°C
4x G EN
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