Cadbury PLC: Financial Information and Sales Data Analysis Report

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Added on  2020/07/22

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This report presents a comprehensive analysis of Cadbury's financial information, drawing on data from 2006 to 2008. It includes an examination of the company's consolidated balance sheets, income statements, statements of recognised income and expense, statements of changes in equity, and cash flow statements. The report highlights key aspects such as the impact of currency movements on sales and operating profit, the effects of restructuring charges, and the role of auditing in ensuring the accuracy of financial statements. The financial data is presented in accordance with International Financial Reporting Standards (IFRS) and offers insights into the financial position and performance of Cadbury PLC and its subsidiaries. The report also mentions analyst commentary regarding the company's ability to pass on commodity costs through price increases.
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CADBURY
Finanacial information and sales data of organisation
We have audited the accompanying consolidated
balance sheets of Cadbury plc and subsidiaries (the
“Company”) as of 31 December 2008, 2007 and
2006, and the related consolidated income
statements, consolidated statements of recognised
income and expense, consolidated statements of
changes in equity and consolidated cash flow
statements for each of the years then ended. These
financial statements are the responsibility of the
Company’s management. Our responsibility is to
express an opinion on these financial statements
based on our audits.
Those standards require that we plan and perform
the audit to obtain reasonable assurance about
whether the financial statements are free of
material misstatement. An audit includes
examining, on a test basis, evidence supporting the
amounts and disclosures in the financial
statements. Financial Reporting Standards
(“IFRS”) as adopted for use in the European Union
and IFRS as issued by the International
Accounting Standards Board (“IASB”).
''The group has been passing on higher commodity
costs through strong price increases,'' Ian Kellett, an
analyst at Numis Securities with an ''add'' rating on
the shares, said in a research report. ''We see no
reason for trading to soften.''
Cadbury, which spun off its US soft-drink unit in
May, will report 80 million pounds of restructuring
charges in the first half, and expects to report a similar
amount in the second half. Currency movements will
boost sales and operating profit by about 7% in the
first half.
An audit also includes assessing the accounting
principles used and significant estimates made by
management, as well as evaluating the overall
financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion. In
our opinion, such consolidated financial statements
present fairly, in all material respects, the financial
position of Cadbury plc and subsidiaries as of 31
December 2008, 2007 and 2006, and the results of
their operations and their cash flows for each of the
years then ended, in conformity with International
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