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Operating expenses:
excluding exceptional costs 151.4 166.2 195.7
exceptional costs1 4.5 0.0 11.2
Restructuring costs2 16.6 2.7 1.0
Net interest expense 0.1 1.5 4.4
Profit before tax 3.4 28.8 12.8
Tax expense 8.0 10.4 3.5
Profit (loss) after tax (4.6) 18.4 9.3
Assets
Cash 34.0 19.2 13.7
Accounts receivable 27.8 30.3 30.3
Inventories 38.6 44.7 51.3
Other current assets 12.5 15.6 17.5
Net fixed assets 87.8 104.7 110.6
Other assets3 0.0 6.0 6.7
Total assets 200.7 220.5 230.1
Chart Title
1600.00
1400.00
1200.00
1000.00
800.00
600.00
400.00
200.00
0.00
-200.00 = r = ry = = =
s
= r = IE = n = = = er
to ve o cl
e et
s
et l ie T g i OE B EP n ov
a o t y s s r R r
R rn en C s s tp a u
nt Tu I nv on b t/A a l A ul t M ryT
rr e t s i t M f o
Cu se in er D e / To i ty Pr
o nt
l As
ome Statement and Balance Sheet
l es o nv rm bt u e t I nve
ta Sa C Te e Eq N
To
y 's a sh n g
a lD
C o t
Da lL To
o ta
T
Col umn H Col umn I Col umn J
The TIE has decreased largely because of a sharp increase in the net i .
Common Sized Financial Statement
1999 2000 2001
(GBP) (GBP) (GBP)
Income Statement Income Statement
Assets Assets
Cash 34.0 19.2 13.7 Cash
Accounts receiv 27.8 30.3 30.3 Accounts receivable
Inventories 38.6 44.7 51.3 Inventories
Other current as 12.5 15.6 17.5 Other current assets
Net fixed assets 87.8 104.7 110.6 Net fixed assets
Other assets3 0.0 6.0 6.7 Other assets3
Total assets 200.7 220.5 230.1 Total assets
3.0%
2.0%
1.0%
0.0%
1 2 3
-1.0%
-2.0%
-3.0%
-4.0%
-5.0%
-6.0%
PROFITS
ncial Statement
1999 2000 2001
(GBP) (GBP) (GBP)
Income Statement Common S
120.0%
100.0% 100.0% 100.0%
100.0%
42.0% 40.0% 40.0% 80.0%
58.0% 60.0% 60.0% 60.0%
40.0%
20.0%
50.0% 50.0% 52.0% 0.0%
t r t : 1 e se
1.0% 0.0% 3.0% -20.0% e n ove ro f s e s sts ns
e m rn p n co e en
tat Tu s s p e
a l e xp exp
5.0% 1.0% 0.0% S o x
e Gr g e to n re st Tax ss
m t n p te ( lo
0.0% 0.0% 1.0% co a ce n t
In e r ex et i of
1.0% 9.0% 3.0% Op N Pr
1999 (GBP) 2000 (GBP) 2001 (GB
3.0% 3.0% 1.0%
-2.0% 6.0% 2.0%
10.0%
4.0% 6.0% 3.0%
4.0% 4.0% 2.0% 8.0%
4.0% 5.0% 3.0%
6.0%
0.0% 0.0% 0.0%
7.0% 4.0% 5.0% 4.0%
2.0%
0.0%
1 2
8.0%
6.0%
4.0%
Descriptions
Profts for the company has increased signifcantly from 1999 to 2000 but has dropped down back to zero.
This could be because of the increase in interest expense and other exceptonal costs.
me Statement Common Sized
t r t : 1 e e
e n ove ro f s e s sts ns ns ed
rn s p en co pe pe a in
Tu ros p l ex x ex et
ex o n a s t a s )r
G g e T s
tn pt te r lo
e ra xce t i n ft(
Op e N e Pr
o
t s e s 3 e s s 4 ty
e e s et a b l s et ets a b l u a l i te te s u i
s v
A ei t a as s s y cr i l i q
c n r p a Ac i a b b i l d e
e s a n
r re e
ts u r Oth nt t l li a
un e r c cou rre n h e r te s
h Ac cu Ot b i l i
Ot h er lia
Ot tal
To
Cash
1 2 3
1 2 3
signifcant drop in cash which could be caused by the increase in ventory size and net fxed assets over years.
ack to zero.
BASE YEAR
Turnover 303.7 330.1 374.1 109% 123% A signifcant change in the turnover rato indicates
Cost of sa 127.7 130.9 149.0 103% 117% A growing COGS can also be related with the growt
Gross prof 176.0 199.2 225.1 113% 128% A growth in sales indicates better gross proft over
Operating
excluding 151.4 166.2 195.7 110% 129%
exceptional costs
4.51 0.0 11.2 0% 249%
Restructuring costs
16.6 2 2.7 1.0 16% 6%
Net intere 0.1 1.5 4.4 1500% 4400% A high increase in interest expense could mean the
Profit bef 3.4 28.8 12.8 847% 376% An increase in interest expense could cause the pro
Tax expen 8.0 10.4 3.5 130% 44%
Profit (los (4.6) 18.4 9.3 -400% -202%
Assets
Cash 34.0 19.2 13.7 56% 40%
Accounts 27.8 30.3 30.3 109% 109%
Inventorie 38.6 44.7 51.3 116% 133% An increase in inventory could signify the company
Other curr 12.5 15.6 17.5 125% 140%
Net fixed 87.8 104.7 110.6 119% 126%
Other assets 0.0
3
6.0 6.7 100% 100%
Total asse 200.7 220.5 230.1 110% 115%
terest expense could mean the principle debt for the company has increased.
st expense could cause the profts before after interest to decrease.
tory could signify the company is pushing itself towards making more sales.
ncrease in long term debt meaning the company is looking for investment opportunites and growth.