Interpreting Financial Statements Contents Activity 1 1 Activity 2. 3 Activity 3. .4 Activity 4. 5 Solutions. 8 Activity 1 Performance Limited manufactures nuts and bolts, which are sold to industrial users. The abbreviated financial statements for 2020 and 2021 are as follows: Income Statements for the year ended 30 June Balance Sheet as at 30 June The following ratios for 2020 and 2021 need to be calculated using the year-end figures from the Income Statements and Balance Sheet