REQUIREMENTS:

You are tasked with performing a detailed financial analysis of two Jamaican companies: Honey

Bun Ltd and Consolidated Bakeries Ltd. More specifically, you are to prepare a single

comprehensive report which addresses the following requirements:

1. Provide separate company overviews for Honey Bun AND for Consolidated Bakeries.

Use information from the chairmans and/or management reports, news reports,

websites, analysts reviews, and other relevant sources to support your discussion.

Also, outline the key successes and challenges faced by both companies in their most

recent financial year (i.e. year ending 2021). Indicate any major operational or financial

issues which arose during the year, why they arose, and how they were resolved.

2. Using the full list of ratios and formulas as outlined to the ratio analysis calculate each of the stated ratios for BOTH companies for the

past three (3) financial years (i.e., the years ending 2019, 2020, and 2021).

3. You are then to prepare a detailed trend analysis discussion for BOTH companies over

the same period. Your analyses should reference the results of the ratios calculated and

must incorporate the use of graphs/charts.

Your discussion should go beyond simply stating the trend observed, as majority of the

marks will come from your ability to explain or justify the trends observed and discuss

their implications for the business. You should utilize information from the notes to the

financial statements, other sections of the annual reports, or from other relevant sources

to support your analyses. This is especially crucial where you observe significant

movements in any of the trends (whether positive or negative).

The discussion of the trend for each ratio should be done in one to two well-

developed paragraphs, and each company should be discussed separately.

In addition to the instructions above, please note the following:

You are to use the Jamaica Stock Exchange website or the respective company websites

to retrieve the annual reports for the companies for 2020 and 2021, as these reports

contain the financial statements and other background information which will form the

basis of your analysis. You will also be expected to pull on other research sources to

support your analysis and to meet the requirements of the task.