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Advise prospective buyers of crann on what info besides thats given above would be useful in deciding on a suitable value to place on shares

Advise prospective buyers of crann on what info besides thats given above would be useful in deciding on a suitable value to place on shares

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Review View Help hes New Rom ~ 12 - A A Aa Ap Share Commer AaBbCCD AaBbCCDc AaBbC( AaBbCct AaB Find IU -a x x ADA . 'D D = 1 Normal No Spac.. Heading 1 Heading 2 Go Replace Title Select ~ Dictate Sensitivity Editor Font Paragraph Styles Editing Voice Sensitivity Editor Bayliss Limited (Bayliss) owns a subsidiary called Crann, Bayliss is considering divesting of Grann, The proposed divestment of Crann is attracting some interest. Continued The subsidiary (Crann) has shown a stable level of sales and profits over the past three years. Statement of Financial Position as at 31* December 2019 An independent valuer has estimated the current realisable values of the assets of the business E'000 as follows: NON CURRENT ASSETS Assets Values as per independent valuer Property 600 Motor Vans E'000 Fixtures and Fittings Property 705 657 Motor Vans 24 CURRENT ASSETS Fixtures and Fittings Inventories Inventories Trade receivables Cash For the remaining assets, the statement of financial position (set out below and on the next page) values are considered to reflect their current realizable values. Another business in the same industry, which is listed on the Stock Exchange, has a price/earnings ratio of 12. TOTAL ASSETS 885 EQUITY AND LIABILITIES Income Statement for the Year-Ended 31st December 2019 Share capital ((3.00 nominal value) 180 2019 Retained Earnings 207 387 E'000 NON CURRENT LIABILITIES Revenue 1,056.0 Long Term Loan 300 Profit before interest and tax. 104.4 CURRENT LIABILITYS Interest charges (36.0) Trade payables 198 Profit before tax 68.4 Taxation (19.2) TOTAL EQUITY AND LIABILITIES $85 49.2

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