Sports Direct
Contents Page
Introduction 3
Background 3
Part B
Financial Highlights 3
Cash Flow 3
Part C
Chairman’s Statement 4
Co-operate Governance 4
Consolidated Five Year Statement 5
Part D
Current Assets Property, Plant and Equipment 6 Deferred Tax Assets 6
Non-Current Assets Inventories 7 Cash and Cash Equivalents 7
Conclusion
Bibliography Introduction
In this the coursework, it will present financial information relating back from Sports Direct Annual Report 2012 alongside a brief history of Sports Direct with additional information about how the group generates revenue.
Background
Sports Direct is the UK’s largest sporting retailer, sells major third party fashion brands and licensed brands, leisure equipment, footwear and accessories such as Adidas, Nike, Reebok, Lonsdale and many more for a competitive price. Sports Direct manage 395 stores in the UK alone however they operate as a group.
Mike Ashley set up the company in 1982 in Maidenhead operating as Mike Ashley Sports , in the 1980’s he begun to expand by opening more shops around London. As the chain of shops began to escalate Mike Ashley had rebranded the chain to Sports Soccer In 1990’s. Mike Ashley had decided upon to purchase Lillywhites and the Lonsdale Brand in 2002. Furthermore in 2004 the company obtained Carlton, Karrimor, Slazenger and Dunlop brands. Later on in 2007/08 the group had acquired Everlast together with Field and Trek stores, next they embarked on rebranding to sportsdirect.com
Part B
Financial Highlights
The Financial Year had ended on 29th April 2012 which was a 53 week year, however to make a comparison to the previous year the cash flow and financial highlights are stated to a 52 week basis.
For the year 2012, Sports Direct had amplified Revenue of 13% which is a staggering £1,807m since the retail division soared to 14% also the total in sports
Introduction 3
Background 3
Part B
Financial Highlights 3
Cash Flow 3
Part C
Chairman’s Statement 4
Co-operate Governance 4
Consolidated Five Year Statement 5
Part D
Current Assets Property, Plant and Equipment 6 Deferred Tax Assets 6
Non-Current Assets Inventories 7 Cash and Cash Equivalents 7
Conclusion
Bibliography Introduction
In this the coursework, it will present financial information relating back from Sports Direct Annual Report 2012 alongside a brief history of Sports Direct with additional information about how the group generates revenue.
Background
Sports Direct is the UK’s largest sporting retailer, sells major third party fashion brands and licensed brands, leisure equipment, footwear and accessories such as Adidas, Nike, Reebok, Lonsdale and many more for a competitive price. Sports Direct manage 395 stores in the UK alone however they operate as a group.
Mike Ashley set up the company in 1982 in Maidenhead operating as Mike Ashley Sports , in the 1980’s he begun to expand by opening more shops around London. As the chain of shops began to escalate Mike Ashley had rebranded the chain to Sports Soccer In 1990’s. Mike Ashley had decided upon to purchase Lillywhites and the Lonsdale Brand in 2002. Furthermore in 2004 the company obtained Carlton, Karrimor, Slazenger and Dunlop brands. Later on in 2007/08 the group had acquired Everlast together with Field and Trek stores, next they embarked on rebranding to sportsdirect.com
Part B
Financial Highlights
The Financial Year had ended on 29th April 2012 which was a 53 week year, however to make a comparison to the previous year the cash flow and financial highlights are stated to a 52 week basis.
For the year 2012, Sports Direct had amplified Revenue of 13% which is a staggering £1,807m since the retail division soared to 14% also the total in sports
Bibliography: 1) Sports Direct (2012) [Online] Available from: http://www.sportsdirectplc.com/company-information/about-us.aspx . [Accessed on Thursday 29th November] 2) Sports Direct (2012) [Online] Available from: http://www.sportsdirectplc.com/about-us/history.aspx 7) IAS12 Income Taxes (2012) [Online] Available from: http://www.ifrs.org/Documents/IAS12.pdf (Accessed on 04/12/12) 8) IAS2 Inventories (2012) [Online] Available from: http://www.ifrs.org/Documents/IAS2.pdf (Accessed on 04/12/12) 11) Sports Direct Annual Report (2012) [Online] Available from: http://media.sportsdirectplc.com/App_Media/SportsDirect/pdfs/Copy_1_Annual_Report_2012.pdf