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Financial Management Assignment - Doc

   

Added on  2020-07-23

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Financial Management

Table of ContentsINTRODUCTION...........................................................................................................................1TASK ..............................................................................................................................................1A)............................................................................................................................................1B)............................................................................................................................................9c. Recommendations regarding improvement of the financial performance poorly performingbusiness.................................................................................................................................10d. limitations of relying on financial ratios to interpret firm performance...........................11limitations of using investment appraisal techniques to aid long-term decision-making....11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................14

INTRODUCTIONInterpretation of the financial statement is important in order to know overallperformance of a company. With the help of this, company can make an effective decisions.However, this can be said that the financial manager is able to make long term strategy whichwould be helpful for achieving sustainable development (Brigham and Houston, 2012).However, this has been seen that the company can make their tools in an effective manner so thatthey can make their tools so effective manner. Under this report, this is observed that byanalysing the annual reports of the JD sports fashions plc and sport direct international plc.financial manager of the Madhouse Retail Ltd is able to make decisions so that the sustainabilitycan be achieved.TASK A).Financial statements of sport direct international plc:Income Statement20152016Fiscal Year Ends26/04/1524/04/16Turnover2832.562904.3Expenses2536.982681.1EBITDA373.36412.7EBIT297.71317.1Operating Profit(reported)295.58223.2Operating Profit(adjusted)290.5168.2Investment Income13.02154.3Extra-ordinary Items5.0855Net Interest9.7-11.9Profit before tax313.45361.8Tax72.0982.8Profit after tax241.352791

20152016Fiscal YearEnds26/04/1524/04/16AssetsNon Current AssetsIntangible255.36208.6Tangible422.74585.9Investments38.1316.6Other179.15237.3Total895.391048.4Current AssetsInventory 517.05702.2Debtors162.21186.4Cash andcashequivalent 199.03422.9Total878.31311.5Held forDisposal00Total Assets1773.682359.9Liabilities and EquityLiabilitiesCurrent382.62540.7Non-Current229.51434.5Total612.13975.2EquityShare Capital938.36938.4Reserves226448ShareholdersFunds1164.361386.4Minorities-2.81-1.7Total1161.551384.7TotalLiabilitiesand Equity1773.682359.9NetBorrowings31.2299.7Financial statements of JD sports fashion plc:Income201520162

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