Part One requires you to calculate a set of financial ratios nominated by the Chief Financial Officer (CFO).

The financial ratios to be calculated are as follows:

• Vertical analysis for the Statement of Profit or Loss and the Statement of Financial Position (this is not required for the Statement of Cash Flows)

Statement of Profit or Loss data

	2016	2017	2018	2019	2020
Sales revenue	126909	120644	123362	106486	110256
Cost of sales	-45951	-40751	-47599	-26405	-34283
Gross profit	80958	79893	75763	80081	75973
Dividend revenue	355	96	740	958	309
Other revenue	8884	1206	12336	5324	7718
Selling, general and administration expenses	-20305	-19303	-17271	-20232	-15436
Depreciation expense	-3655	-2751	-1727	-1214	-1930
Amortisation expense	-1320	-1737	-1776	-1331	-1213
Other expenses	-12691	-12064	-8635	-8519	-6615
Impairment of fixed assets	-685	0	0	-405	0
Impairment of intangible assets	0	0	-592	-799	0
Losses on sale of fixed assets	-914	-917	-1295	-405	-386
Losses on sale of intangibles	-330	-290	-888	-266	-243
Net interest expenses	-1840	-2479	-1658	-3509	-1213
Profit before income tax	48457	41654	54997	49683	56964
Income tax expense	-15070	-13204	-16224	-14408	-17488
Net profit after tax	33387	28450	38773	35275	39476

Statement of Financial Position data

	2015	2016	2017	2018	2019	2020
Cash and cash equivalents	67755	82043	86493	128083	153749	178454
Trade receivables	13381	19036	18097	13570	14908	11026
Inventories	3350	2988	1568	1711	1572	1820
Other current assets	1216	2538	8445	9869	5324	8820
Total current assets	85702	106605	114603	153233	175553	200120
Property, plant and equipment (Net)	42575	45687	45845	43177	40465	38590
Intangibles	24328	32996	28955	29607	26622	24256
Investments	8515	2538	8445	2467	5324	2205
Total non-current assets	75418	81221	83245	75251	72411	65051
Total assets	161120	187826	197848	228484	247964	265171
Trade payables	2279	2916	1173	1855	1730	2398
Borrowings	4154	3162	1932	2925	2894	2654
Provisions for employment costs	231	609	2316	2073	1214	1235
Provisions for warranties	1460	2411	1448	1357	1491	1213
Provision for income tax	2911	2411	2245	2920	1729	2099
Other payables	1752	2538	2172	1036	1363	1257
Unearned revenue	3649	3680	2654	3701	2556	1874
Total current liabilities	16436	17727	13940	15867	12977	12730
Borrowings	23537	25587	30269	29578	33284	35258
Provisions for employment costs	1618	1827	1930	1209	1619	926
Provisions for warranties	730	761	965	864	958	551
Total non-current liabilities	25885	28175	33164	31651	35861	36735
Total liabilities	42321	45902	47104	47518	48838	49465
Share capital	46515	54616	54616	60799	62732	62732
Reserves	828	828	828	828	828	828
Retained earnings	71456	86480	95300	119339	135566	152146
Total equity	118799	141924	150744	180966	199126	215706

Statement of Cash Flows data

	2016	2017	2018	2019	2020
Receipts from customers	121285	120557	128936	104003	113456
Payments to suppliers and employees	-76915	-77663	-76682	-50491	-60873
Receipts from other	8884	1206	12336	5324	7718
Dividends received	355	96	740	958	309
Interest received	820	1124	1537	1537	3569
Interest paid	-2660	-3603	-3195	-5046	-4782
Income tax paid	-15570	-13370	-15549	-15599	-17118
Cash flows from operating activities	36199	28347	48123	40686	42279
Payments for fixed assets	-5482	-6877	-6045	-4856	-4631
Payments for intangible assets	-4949	-2896	-3849	-3195	-3638
Proceeds on disposal of fixed assets	-2884	3051	5691	5544	4190
Proceeds on disposal of intagible assets	-5369	4910	-59	3784	4548
Net receipts (payments) for investments	-5977	5907	-5978	2857	-3119
Cash flows from investing activities	-12707	-7719	1716	-1580	3588
Net proceeds from share issuance	8101	0	6183	1933	0
Dividends paid	-18363	-19630	-14734	-19048	-22896
Proceeds from borriwing	7299	11024	7932	9422	5983
Repayments of borrowings	-6241	-7572	-7630	-5747	-4249
Cash flows from financing activities	-9204	-16178	-8249	-13440	-21162
Net cash flow	14288	4450	41590	25666	24705

Other financial information

Further information can be found below:

	2015	2016	2017	2018	2019	2020
Shares outstanding	166101.0	167260.00	167260.00	168254.00	168916.00	168916.00
Stock Price	6.1	6.99	2.72	6.22	2.92	5.61