Analytical Financial Review of Scottish and Newcastle
Bradford University School of Management
Full Time MBA Finance & Accounting Assignment #1
Analytical review of the financial position and reporting of Scottish & Newcastle plc.
Tutor: Author: UBNo:
Alan S. Thomas Bl. 050xxxx
Table of Contents
Executive Summary of Conclusions ....................................................................... II 1 2 3 4 5 5.1 5.2 5.3 5.4 5.5 6 7 8 Introduction ..................................................................................................... II Description of the Company ............................................................................ II Analysis of the Operating and Financial Review ............................................ III Critical Appraisal of the Accounting Policies .................................................. IV Analysis of the Financial Strengths and Weaknesses .................................... IV Profitability .................................................................................................. IV Efficiency ..................................................................................................... V Liquidity ....................................................................................................... V Stability....................................................................................................... VI Investors‟ ratios .......................................................................................... VI Review of the Market Perception .................................................................. VII Conclusion .................................................................................................... VII Appendices .................................................................................................... XI
UB No: 050xxx
II
Prepare an analytical review of the financial position and reporting of a company listed on the London Stock Exchange based on the most recent
Full Time MBA Finance & Accounting Assignment #1
Analytical review of the financial position and reporting of Scottish & Newcastle plc.
Tutor: Author: UBNo:
Alan S. Thomas Bl. 050xxxx
Table of Contents
Executive Summary of Conclusions ....................................................................... II 1 2 3 4 5 5.1 5.2 5.3 5.4 5.5 6 7 8 Introduction ..................................................................................................... II Description of the Company ............................................................................ II Analysis of the Operating and Financial Review ............................................ III Critical Appraisal of the Accounting Policies .................................................. IV Analysis of the Financial Strengths and Weaknesses .................................... IV Profitability .................................................................................................. IV Efficiency ..................................................................................................... V Liquidity ....................................................................................................... V Stability....................................................................................................... VI Investors‟ ratios .......................................................................................... VI Review of the Market Perception .................................................................. VII Conclusion .................................................................................................... VII Appendices .................................................................................................... XI
UB No: 050xxx
II
Prepare an analytical review of the financial position and reporting of a company listed on the London Stock Exchange based on the most recent
References: Atrill, P. & McLaney, E. (2004) Accounting and Finance for Non-Specialists, 4th edition, Harlow: FT Prentice Hall. Datamonitor (2004) Scottish & Newcastle Company Profile, London: Datamonitor. Diageo (2005) Annual Report 2004, London: Diageo Investor Relations. FAME: Financial Analysis Made Easy (2005a) Company Report Scottish & Newcastle, FAME database, Bureau Van Dijk Electronic Publishers [accessed via Metalib 29.11.2005]. Exchange (2005) LSE (2005) Listed Companies [online], http://www.londonstockexchange.com/engb/pricesnews/statistics/listcompanies/, [accessed 29.11.2005]. MolsonCoors (2005) Annual Report 2004, Golden. MolsonCoors Investor Relations. Ross, S. A., Westerfield, R. W., & Jordan, B. D. (1991) Fundamentals of Corporate Finance, Homewood: Irwin. Scottish & Newcastle (2005) Scottish & Newcastle plc – Annual Report and Accounts 2004, Edinburgh: Scottish & Newcastle plc Investor Relations. Whitbread (2005) Annual Report 2004, Luton: Whitbread plc Investor Relations.