Compile a common size vertical and horizontal income statement and answer the following questions. Only compile the analysis up to "Profit for the year" . (Please note, the Revenue of R 23 746.40 in 2016 and R 18 544.00 in 2015 as per the attached income statement is merely a summary of the retail turnover+ interest income + other income. Do not use it as the turnover number)

Comment on the following (Support your answer with ratio calculations and analyses)

a) Gross profit (3 marks)

b) trading expense (9 marks)

c) Profit before tax ( 3 marks)

d) Return on investments (6 marks)

e) Return on total assets ( 6 marks)

f) Return on total equity (3 marks)
 
 
 

CONSOLIDATED STATEMENT OF FINANCIAL POSITION AT 31 MARCH The Foschini Group Limited and its subsidiaries ASSETS Non-current assets Property, plant and equipment Goodwill and intangible assets Participation in export partnerships Deferred taxation asset Current assets Inventory Trade receivables - retall Other receivables and prepayments Concession receivables Participation in export partnerships Cash Total assets EQUITY AND LIABILITIES Equity attributable to equity holders of The Foschini Group Limited Share capital Share premium Treasury shares Dividend reserve Hedging (deficit) surplus. Share-based payments reserve Foreign currency translation reserve Put option reserve Post-retirement defined benefit plan reserve Retained earnings Non-controlling interest Total equity LIABILITIES Non-current llabilities Interest-bearing debt Put option liability Cash-settled share Incentive scheme Operating lease liability Deferred taxation liability Post-retirement defined benefit plan Current liabilities Interest-bearing debt Trade and other payables Operating lease liability Taxation payable Total llabilities Total equity and liabilities Note 2345 6789400 10 11 12 13 14 15 16 17 18 19 16 20 21 5 17 19 22 21 2016 Rm 2 335,7 5 577,8 8,2 527,2 8 448,9 5 116,1 6 695,0 592,9 347,2 6,2 888.8 13 646,2 22 095,1 3,0 1078,5 (613,2) 829,1 (26,0) 534,7 (43,0) (58,8) 8 192.4 9 896,7 4,0 9 900,7 5 026,3 48,1 8,5 238,2 435,4 217,3 5973,8 3 139,4 3 046,7 10,8 23,7 6 220,6 12 194,4 22 095,1 Restated 2015 Rm 1925,2 4 637,0 8,4 354,7 6 925,3 3 813,9 6 199,9 624,2 156,5 13,2 800,4 11 608,1 18 533,4 3,0 498,7 (555,9) 685,8 24,6 533,2 70,7 (15,8) (50,3) 6.936,9 8 130,9 2,7 8 133,6 3 709,5 20,3 0,7 223,1 345,2 192,6 4 491,4 3 333,0 2 553,0 9,0 13,4 5 908,4 10 399,8 18 533,4