Corporate Reporting MAF 2022/2023 Question Five (please give them as an assignment question) The details given below are a summary of the Statements of Financial Position of six public companies engaged in different industries in their quest for project executions of various tasks. Land and buildings Other non-current assets Stocks and work in progress Trade debtors Other debtors Cash and investments Capital and reserves Creditors: over one year Creditors: under one year Trade Other Bank overdraft Total capital employed A % 10 17 44 6 11 12 100 37 12 32 16 3 100 B % 2 1 77 20 100 5 5 85 5 100 C % 26 34 22 15 3 100 62 4 34 100 D % 24 - 5. Commercial bank with a network of branches. 6. Contractor in the civil engineering industry. Note: no company employs off balance sheet finance such as leasing You are required: 55 4 8 9 100 58 13 14 14 1 100 E % 57 13 16 1 2 11 100 55 6 24 15 AFG 09214 100 % 5 73 1 13 5 3 100 50 25 6 11 8 100 The activities of each company are as follows: 1. Operator of a chain of retail supermarkets. 2. Sea ferry operator. 3. Property investor and house builder. Apart from supplying managers, including site management, for the house building side of its operations, this company completely sub- contracts all building work. 4. A vertically integrated company in the food industry which owns farms, flour mills, bakeries and retail outlets. (a) To state which of the above activities relate to which set of Statement of Financial Position details giving a brief summary of your reasoning in each case. 3x6 =18 Marks Note: no marks will be awarded for matching where no explanation is given. (b) What do you consider to be the major limitations of ratio analysis as a means of interpreting accounting information? 7 malles Question Six/ Panacea Limited is a Tanzanian firm famous for production of electronic equipment. The company top management has been concerned about the company's performance especially in comparison to its competitors and the industry in which it operates. Given below are the Statement of Comprehensive Income and Statement of Financial Position for the company for the year ended 31st December 2020.