Metalwise plc (Metalwise) is a company which purchase metals which it then processes into high-purity metals and alloys. its shares are listed at the London Stock Exchange and it has a 31 December year-end. Metalwise plc uses International Financial Reporting Standards (IFRS) to prepare its financial statements.

Question 1 Addressees of financial accounting (12 marks)

1. Identify the primary addressees of financial accounting for Metalwise plc. Explain why these addressees are important to Metalwise and why they have an interest in Metalwises financial accounting information.

2. Focus on Metalwises long-term liabilities in its draft statement of financial position and identify another group of addressees for Metalwise. Explain why this group of addressees has an interest in Metalwises financial accounting information and comment on its importance for Metalwise relative to the addressees identified in a).