R.W.Ltd is a public limited business enterprise.Its head office is in the Asia and Pacific region.The revenues and profits arise wholly from the processing and distribution of liquid milk and related products.It operates entirely with the Asia and Pacific region with processing plants in country A, country B, country C and country D.The average number of persons employed by the group during the year to April 4, 2009 was 4508(3888 on production and distribution and 620 on administration.

The business enterprise was originally a small family business.In more recent years it has expanded rapidly.It has done this partly by natural growth and partly through acquiring other businesses.It became a public company in 1994.

Analyse the enterprise's financial performance for the five years 2005 to 2009 inclusive.Write a short report about your findings.

R W Ltd:Five-Year Financial Statement Summary

For year ended	2005	2006	2007	2008	2009
	$'000	$'000	$'000	$'000	$'000
Income statement
Revenue	489168	568564	605289	721983	847702
Cost of sales	(373400)	(429883)	(448594)	(551829)	(667309)
Gross profit	115768	138681	156695	170154	180393
Profit from operations	25077	27495	35659	31645	35147
Profit before tax	25221	26726	34592	29184	30767
Profit for the year	21551	18450	24156	19320	6581
Balance sheet
Property, plant and equipment	146228	150119	176309	216455	221881
Inventories	6826	7037	7079	8887	10581
Trade receivables	32237	39876	41958	53310	57130
Current assets	49851	56328	59432	71607	80995
Trade payables	(38321)	(44803)	(52155)	(63140)	(69906)
Current liabilities	(67889)	(76170)	(81798)	(101861)	(107173)
Total equity	114069	119258	139796	139509	134521
Cashflow statement
Operating activities	31424	36010	44109	52937	57964
Investing activities	(18953)	(23871)	(41679)	(62731)	(30983)
Financing activities	(20585)	(15724)	(3737)	(10563)	(21978)
Net increase/(decrease)in cash and cash equivalents	8114	3585	1307	859	5003
Cash and cash equivalents-beginning year	16431	8317	4732	3425	4284
Cash and cash equivalents-end of year	8317	4732	3425	4284	9287
Statistics
Basic earnings per share(p)	28.38	25.35	33.38	26.76	9.19
Dividends per share(p)	8.00	9.00	12.00	14.00	15.00
Market price per share(p)	270	312	459	458	324