Financial Information and Sales Data of Cadbury - Essay
Added on - 21 Jul 2020
CADBURYFinanacial information and sales data of organisation''The group has been passing on higher commoditycosts through strong price increases,'' Ian Kellett, ananalyst at Numis Securities with an ''add'' rating onthe shares, said in a research report. ''We see noreason for trading to soften.''Cadbury, which spun off its US soft-drink unit inMay, will report 80 million pounds of restructuringcharges in the first half, and expects to report a similaramount in the second half. Currency movements willboost sales and operating profit by about 7% in thefirsthalf.An audit also includes assessing the accountingprinciples used and significant estimates made bymanagement, as well as evaluating the overallfinancial statement presentation. We believe that ouraudits provide a reasonable basis for our opinion. Inour opinion, such consolidated financial statementspresent fairly, in all material respects, the financialposition of Cadbury plc and subsidiaries as of 31December 2008, 2007 and 2006, and the results oftheir operations and their cash flows for each of theyears then ended, in conformity with InternationalWe have audited the accompanying consolidatedbalance sheets of Cadbury plc and subsidiaries (the“Company”) as of 31 December 2008, 2007 and2006, and the related consolidated incomestatements, consolidated statements of recognisedincome and expense, consolidated statements ofchanges in equity and consolidated cash flowstatements for each of the years then ended. Thesefinancial statements are the responsibility of theCompany’s management. Our responsibility is toexpress an opinion on these financial statementsbased on our audits.Those standards require that we plan and performthe audit to obtain reasonable assurance aboutwhether the financial statements are free ofmaterial misstatement. An audit includesexamining, on a test basis, evidence supporting theamounts and disclosures in the financialstatements. Financial Reporting Standards(“IFRS”) as adopted for use in the European Unionand IFRS as issued by the InternationalAccounting Standards Board (“IASB”).