Question: Task 3: Learning outcomes 2 & 3 (35 Marks) Assuming the role of a financial advisor, write a briefing report to the board of directors

Task 3: Learning outcomes 2 & 3 (35 Marks) Assuming the role of a financial advisor, write a briefing report to the board of directors of the UDG Healthcare ple Group to cover the following: (a) Explain the process to prepare financial statement. (10 marks) (b) Estimate the Current Ratio and include a statement on the current liquidity position of the company. (10 marks) c) Critically appraise the role of the traditional finance function and the impact of financial and non-financial challenges on the finance function. (15 marks) (1300 words) (35 marks) (LOS: 2, 3) Ten additional marks are allocated for presentation, referencing and academic writing (10 marks) UDG Healthcare plc Group Income Statement for the year ended 30 September 2020 2020 Pre-exceptional Exceptional Prepo Extral Total 1000 1000 1000 1000 1,279,194 1,279,194 1,298,523 - 1,298.523 Revenue Cost of sales (881,023) (3,342) (884,365) (920,010) (7,372) (927,382) Gross profit 398,171 (3,342) 394,829 378.513 (7.372) 371,341 Selling and distribution expenses (201,596) (201,596) (193,856) (193.856) Administrative expenses (24,250) (864) (25,114) (21,840) (1050) (22.890) (41,716) (6,952) Other operating expenses Other operating income (48,668) (40,414) (33,631) (74,045) 5,257 5,257 Transaction costs (2,064) (2,064) (2136) (2136) Share of equity accounted investments' profit after tax 2,372 2,372 50 50 Operating profit 130,917 (5,901) 125,016 120.317 (42,053) Finance income 19,021 19,021 16,171 4,143 Finance expense (32,330) (3,539) (35,869) (24,301) Profit before tax 117,608 (9,440) 108,168 112,187 (37,910) Income tax expense (22,050) 6,723 (15.327) (20.951) 4,165 Profit for the financial year 95,558 (2,717) 92,841 91,236 (33,745) 15 5 6 78,264 20,314 (24,301) 74,277 (16,786) 57,491

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