晚风细雨Introduction
SSP plc is engaged in food processing, supplying all the main supermarket chains with first class procesd meat products. This report has been prepared at the request of the chief executive of SSP plc. It will analy the information contained in the financial accounting statements of the company. It will consider the urs of this accounting information, the sources of finance an analysis of the companys financial performance and position. In undertaking this report the company's financial statements have been examation in detail and key accounting ratios calculated . This report will introduce the urs of financial information’s purpo and what financial statement will answer their questions. In the end, there are some recommendations.
文艺女Urs of financial information:
Management 小仓鼠的生活
The Purpo of Financial Information: decide purchasing and pricing policies, etc. Asssment of performance and assistance in planning and control function.
The Source of Financial Information: All corporate information, both public and private.
Employees
宠物简笔画The Purpo of Financial Information: Employees are generally interested in job curity and future salary negotiations. They will therefore be particularly interested in profitability and the company’s future prospects.
The Source of Financial Information: Profit and Loss-- profit/tax figures. Directors report--future plans, employment details.
Prent Shareholders
The Purpo of Financial Information: Asss the profitability of the company. Asss performance of the board. Whether to remain a shareholder in this business, increa or decrea investment, or to ll their shares and invest elwhere.
The Source of Financial Information: Profit & Loss – profit and dividend figures; Profitability ratios; Directors report – future plans.初中英语基础知识
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Potential Shareholders
The Purpo of Financial Information: Income/growth potential from investment. Compare the profitability and future prospects of the company with others to ascertain the best investment option. Asss the risk attached to investment.
The Source of Financial Information: Profit & Loss – profits retained/distributed; Balance sheet – capital structure; Ratio analysis.
Short-term Creditors
The Purpo of Financial Information: Evaluate the level of risk and the prospects of the money being repaid.
The Source of Financial Information: Balance sheet – net current ast figures; Cash Flow statement – major inflows/outflows of cash; Liquidity ratio.
Analysts
护理分级The Purpo of Financial Information: Asssment of the company with a view to recommending investment or disinvestment, etc.
The Source of Financial Information: All published information.
Sources of Finance.
A review of the balance sheet of SSP plc, has revealed the following sources of finance:
Short term sources and loan capital:
Trade Creditors广告安装--- This is normally considered a good source of finance as it is normally free and in the ca of SSP plc the amount outstanding is £544,000 less than matched by monies due from debtors £306,000. This source should be ud nsibly, otherwi supplies and ‘good name’ might not be put at risk. The figure in 2004 is less than in 2003. The creditors is £405,000 in 2004.therefore, it appears to be using this source of finance less extensively this year.
Tax -- the corporation tax figure is not required to be paid until some nine months into the new financial year.
Bank overdraft-- Company has a bank overdraft of £86,000. A bank overdraft is an agreed sum by which a customer can overdraw their current account. It is normally cured on current asts, repayable on demand and ud for short term working capital fluctuations. The interest cost is normally variable and linked to the bank ba rate.
Long term source and loan capital:
Debentures-- A debenture is a form of borrowing by a firm. It may issue debentures of a fixed value at a certain rate of interest. The debentures may be bought by individuals or by financial institutions. The debentures will have a fixed time period, after which they will be paid back. This may be 5 or 10 years or in some cas even longer. SSP plc has £1,560,000 of debentures in 2003.And in 2004,it also has £1,560,000 of debentures.
