This assignment provides an in-depth analysis of strategic financial statements, covering topics such as internal controls, audit committees, IFRS, and profitability ratios. It also explores the future profitability risks of the company. The assignment includes a discussion on the preparation of financial statements, the role of internal controls, the appointment of audit committees, and the auditing process. It also examines the presentation of financial statements in accordance with IFRS and evaluates the fairness of the financial position, performance, and cash flows of the company. Additionally, the assignment analyzes the company's financial data, including total assets, current liabilities, equity, revenues, net income, and cash flows related to operating activities. It also calculates profitability ratios, such as net profit margin and return on equity, and discusses the implications of these ratios on the company's financial performance. Furthermore, the assignment explores the relationship between cash flow and net income, as well as the potential impact of changes in current assets and depreciation on the company's financial statements. Lastly, it examines solvency ratios and identifies three future profitability risks that could adversely affect the company.