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Dear lecturer pls help me on this Question 3 The following are the consolidated results as presented in the annual report of Treasury Wine Estate
Dear lecturer pls help me on this
Question 3 The following are the consolidated results as presented in the annual report of Treasury Wine Estate Limited.
(i) What is your assessment of the performance of the company over the years? (ii) What more information you need to draw a reasonable conclusions about the performance of the firm?
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2019 2018 NOTE 2019 SM Revenue Cost of sales Gross profit 2,883.0 (1,660.8) 1,222.2 2,496.4 (1,435.6) 1,060.8 Selling expenses Marketing expenses Administration expenses Other expenses Profit before tax and finance costs (328.3) (118.3) (117.9) (14.7) 643.0 (286.6) (110.8) (113.0) (41.5) 508.9 Finance income Finance costs Net finance costs Profit before tax 47.4 (99.4) ( 52.0) 591.0 28.2 (61.6) (33.4) 475.5 (171.5) 419.5 Income tax expense Net profit Net profit attributable to non-controlling interests Net profit attributable to members of Treasury Wine Estates Limited (115.1) 360.4 (0.1) 360.3 419.5 (15.0) Other comprehensive incomo Items that may subsequently be reclassified to profit or loss Cash flow hodges Tax on cash flow hedges Exchange gain/(losa) on translation of foreign operations Other comprehensive income for the year, net of tax 69.2 58.6 59.4 478.1 Total comprehensive income for the year attributable to members of Treasury Wine Estates Limited Non controlling interests Total comprehensive income for the year 419.7 0.1 478.1 419,8 CENTS CENTS PER SHARE PER SHARE Earnings per share for profit attributable to the ordinary equity holders of the Company Basic Diluted 58.4 49.7 49.3 8.1Step by Step Solution
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