INTRODUCTION Absence is the failure of a worker to report for work when he is scheduled to work. A worker is to be considered as scheduled to work when the employer has work available for him and the worker is aware of it. A worker is to be treated as absent for purpose of this absenteeism. Statistics even when he does not turn up for work after obtaining prior permission any worker who reports for duty even for a part of the day or shift should not be‚ counted among absentees. The statistics
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Made in Ceylon HAYLEYS EXPORTS PLC ANNUAL REPORT 2011-2012 FINANCIAL HIGHLIGHTS NOTICE OF MEETING GRAPHICAL REVIEW CORPORATE INFORMATION INFORMATION TO SHAREHOLDERS CHAIRMAN’S REVIEW 1 2 3 4 6 7 10 9 CONTENTS MANAGING DIRECTOR’S REVIEW PROFILES OF DIRECTORS STATEMENT OF DIRECTORS’ RESPONSIBILITIES CORPORATE GOVERNANCE 11 13 19 22 23 24 25 26 27 28 47 49 ANNUAL REPORT OF THE BOARD OF DIRECTORS ON THE AFFAIRS OF THE COMPANY AUDIT COMMITTEE REPORT INCOME STATEMENT BALANCE SHEET INDEPENDENT
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Limitations of Ratios used for analysis: 1. Inflation will distort a firm’s balance sheet and a trend analysis may not give a true picture of the firm’s financial performance. 2. Different fiscal year‚ example‚ a firm may have a fiscal year that ends on June 30‚ whereas another company in the same industry may have a fiscal year ends on 31 . 3. Financial analysis is performed on historical data mainly for the purpose of forecasting future performance. The historical relationships may not continue
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Introduction of Ratio MEANING OF RATIO: A ratio is one figure express in terms of another figure. It is a mathematical yardstick that measures the relationship of two figures‚ which are related to each other and mutually interdependent. Ratio is express by dividing one figure by the other related figure. Thus a ratio is an expression relating one number to another. It is simply the quotient of two numbers. It can be expressed as a fraction or as a decimal or as a pure ratio or in absolute
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Implementation 7. Verification 8. Administration Financial Statement Analysis – The Big Picture FS Analysis Involves careful selection of date from financial statements for the primary purpose of forecasting the financial health of the company. This is accomplished by examining trends in key financial data‚ comparing financial data across companies‚ and analyzing key financial ratios. Another important aspect of financial analysis is the comparison of actual financial conditions with expected financial
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Financial ratio analysis is the calculation and comparison of ratios which are derived from the information in a company’s financial statements. The level and historical trends of these ratios can be used to make inferences about a company’s financial condition‚ its operations and attractiveness as an investment. Financial ratios are calculated from one or more pieces of information from a company’s financial statements. For example‚ the "gross margin" is the gross profit from operations divided
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IMPORTANCE OF RATIO ANALYSIS Ratio analysis is a tool used by individuals to conduct a quantitative analysis of information in a company’s financial statements. Ratios are calculated from current year numbers and are then compared to previous years‚ other companies‚ the industry‚ or even the economy to judge the performance of the company. Ratio analysis is predominately used by proponents of fundamental analysis. The ratio analysis is one of the most important tools of financial analysis. The various
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Ratio and Comparative analysis There are many ways to evaluate and compare financial statements. Although there are many different ways and devices‚ no one device is more useful than another. According to "Financial Statement Analysis Primer" (n.d.)‚ ”Every situation faced by the investment analyst is different‚ and the answers needed are often obtained only upon close examination of the interrelationships among all the data provided.”. Ratio analysis is a useful tool that is used to identify a
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financial ratio analysis. Not only are they used by management to measure the firm’s performance‚ but are used by other people interested in the performance of the company such as stockholders‚ bankers and investors. For the purpose of this assignment‚ we are going to analyze financial ratios of Fyffes plc (ISEQ: FFY)‚ a leading international importer and distributor of tropical produce. As the interpretation as well as an understanding of financial ratios is crucial when calculating ratios‚ we are
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-------------- 5 * Future potentials --------------------------------------------------------- 5 Evaluation --------------------------------------------------------------------------- 6 * Profitability ratio ---------------------------------------------------------- 6 * Liquidity ratio -------------------------------------------------------------- 9 * Gearing ratio --------------------------------------------------------------- 11 * Debt ratio -------------------------------------------------------------------
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