The financial statements of Zetar plc are presented in Appendix C The companys complete annual report, including the notes to its financial statements Instructions Use the companys annual report to answer the following questions (a) According to the Operational Review of Financial Performance, what...

a Zetar indicated that a later Easter contributed to a 45m increase in receivables due fro ...

The financial statements of Zetar plc are presented in Appendix C. The companys complete annual report, including

Question:

The of Zetar plc are presented in Appendix C. The company’s complete annual report, including the notes to its the company’s annual report to answer the following questions.
(a) According to the Operational Review of Financial Performance, what was one reason why the balance in receivables increased relative to the previous year?
(b) According to the notes to the how are loans and receivables defined?
(c) In the notes to the the company reports a “one off item” related to receivables. Explain what this item was.
(d) Using information in the notes to the determine what percentage the provision for impairment of receivables was as a percentage of total trade receivables for 2009 and 2008. How did the ratio change from 2008 to 2009, and what does this suggest about the company’s receivables?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...