1V + CD Page view A Read aloud Question 4 Saitama plc is a food wholesale company. Its financial statements for the years ended 31 December 2018 and 2019 are as follows: Statements of income Sales revenue Gross profit Distribution costs Administrative expenses Operating profit Interest receivable Interest payable Profit before taxation Income taxation Profit after taxation Dividends (Lossyprofit retained Statements of financial position 2019 2018 5000 S000 12,000 15,000 3,000 3,900 500 600 1.500 1,000 1,000 2,300 80 100 -400 -350 680 2,050 240 440 1.330 800 600 -360 730 720 2019 S000 2018 S000 Non-current assets: Intangible assets Tangible assets Investments 200 4,000 600 4.800 7,000 800 7,800 Current assets: Inventory Trade receivables Cash & bank 250 1,750 1,500 3.500 8,300 300 2.500 200 3,000 10,800 Total assets Equity and reserves: Ordinary shares of 10p cach Share premium account Revaluation reserve Retained earnings 1.000 1.000 1.110 3,190 6,300 1,000 1,000 8,300 1,000 1,000 1.750 3,550 7.300 2,000 1,500 10.800 Debentures Current liabilities Total equity and liabilities Required: 1. Describe the concerns of the following users and how reading an annual report might help satisfy these concerns: a. Staff - 4 marks b. Financial Institutions - 4 marks c. Owners - 4 marks. 2. Calculate relevant ratios for Saitama and suggest how each of the above user groups might react to these - 28 marks