Commercial bank of Dubai

Read carefully through the 2020 Annual Report of the chosen company in the UAE and answer the following questions on this paper (No Handwriting): 2. 4. 5. 7. 8. 9. 10. Questions (Please Provide the Page # of the answer in the annual report) 1. What type of legal entity is the chosen company? What products and/or services does it sell? 3 Where does it conduct its business? Who is the most senior director? How many directors are on the board? 6. How much net income did the chosen company make? What is the total value of the assets? What are the most valuable assets that it owns? What has happened to the company's cash balance between the start and end of the year? Explain. To whom is the annual report addressed? 11. Who else is likely to use the annual report? For each user group: what are the objectives; and what information will they want to find in the annual report? What group of information is contained within the annual report? 14. Who has prepared the information? To what extent can the information be relied upon? Which accounting standards have been used in preparing the chosen company's financial reporting? 17. What are the financial statements prepared by the chosen company? What is the name of the audit firm, reviewed the financial statements of the chosen company? Is it a big four accounting firm? What kind of non-financial information reported in the annual report? Has this information been subject to any kind of independent review/verification as the financial information? Explain 20. Has the company used fair value or historical cost? If so, for what purpose? 12. 13. 15. 16. 18. 19