Financial insolvency hurts a companys operation and reputation, causing losses to investors. It is therefore important for managers, owners, and analysts to operate an efficient diagnostic system for detecting a companys insolvency. Financial analysis is vital to analyse a companys performance and predict the probability of a company going bankrupt.

1. Perform a financial analysis using the necessary financial statements of the company (such as trend analysis and ratio analysis over the 3 most recent years). You are to comment on the implications of the results and contrast the results with industry averages/benchmarks where necessary / or available. (22 marks)
2. Must include the 3 years annual report as appendix and referenced where needed.