Download and read the annual report for Midland from 2018. Based on information from the annual report and other sources, answer the following questions. Remember to cite any direct quotations along with page number if you choose to take sections from the annual report. Quoting phrases paragraphs directly from the annual report is appropriate (with proper citation), but you must explain/summarize the text in your own words for full credit. 1. Provide a brief introduction of the company's history, business structure (including share ownership), and primary businesses (1 page or less). 2. Read the Chairman's Statement. (a) Who is the Chairman of Midland? (b) How was Midland's performance in 2018? Also comment on the primary factors contributing to this performance. Also discuss the overall market performance. (C) Discuss the outlook for the future. 3. What are the company's strategic plans for the coming year? 4. Locate the Independent Auditor's Report. (a) Who is Midland's Auditor? (b) What was the opinion issued by the auditor? How did the auditor come up with that opinion? (c) Briefly explain what "Key Audit Matters" are and discuss the key audit matters identified by the auditor regarding Midland's audit. 5. Answer the following questions by reading the financial statements and accompanying "Notes to the Consolidated Financial Statements". If you can't find pertinent information state that fact in your report. (a) Where is Midland incorporated and listed? (b) Under what cost convention is the basis of preparation for Midland's financial statements (e.g. historical cost or fair value)? (c) What new or revised accounting standards were adopted by Midland during fiscal 17:34 1:62 8940 Ski X e til DE E O 10 ** Download and read the annual report for Midland from 2018. Based on information from the annual report and other sources, answer the following questions. Remember to cite any direct quotations along with page number if you choose to take sections from the annual report. Quoting phrases paragraphs directly from the annual report is appropriate (with proper citation), but you must explain/summarize the text in your own words for full credit. 1. Provide a brief introduction of the company's history, business structure (including share ownership), and primary businesses (1 page or less). 2. Read the Chairman's Statement. (a) Who is the Chairman of Midland? (b) How was Midland's performance in 2018? Also comment on the primary factors contributing to this performance. Also discuss the overall market performance. (C) Discuss the outlook for the future. 3. What are the company's strategic plans for the coming year? 4. Locate the Independent Auditor's Report. (a) Who is Midland's Auditor? (b) What was the opinion issued by the auditor? How did the auditor come up with that opinion? (c) Briefly explain what "Key Audit Matters" are and discuss the key audit matters identified by the auditor regarding Midland's audit. 5. Answer the following questions by reading the financial statements and accompanying "Notes to the Consolidated Financial Statements". If you can't find pertinent information state that fact in your report. (a) Where is Midland incorporated and listed? (b) Under what cost convention is the basis of preparation for Midland's financial statements (e.g. historical cost or fair value)? (c) What new or revised accounting standards were adopted by Midland during fiscal 17:34 1:62 8940 Ski X e til DE E O 10 **