3 In your group, take the list of qualitative characteristics listed at section 4.2 and use the financial statements as a means of illustrating how the company has met those characteristics.

If you have a set of different annual reports, each member of the group should take the role of a finance director pointing out the qualitative characteristics of their own company’s financial statements. The group together should then decide on a ranking with a view to nominating one of the annual reports for an award of ‘Communicator of the Year’. Continuing to use the annual reports of companies which you obtained for Chapters 1 and 4, find the financial statements (balance sheet, profit and loss account and cash flow statement)

and the notes to the accounts.