Question
Preform a financial analysis of Mr price Group as of 3 April. The analysis should take a form of a report to the management of
Preform a financial analysis of Mr price Group as of 3 April. The analysis should take a form of a report to the management of the Mr Price. Your analysis should be supported by calculations and ratios and conclusions reached should justified. Make use of the consolidated income statement for the year ended 3 April 2021, Consolidated statements of Financial position as at 3 April 2021 and consolidated statements of cash flows 3 April 2021 :Mr price is JSE listed company in the retail sector. Mr Price is an omni chanell fashion value retailer The group.The group retails appeal homeware and sportswear and is one of the fastest growing retailers in South Africa.
Consolidated Income Statements Consolidated Statements of Comprehensive Income Group Company Rm Notes 2021 2020 2021 2020 Profit attributable to shareholders 2 648 2 704 2 649 2 568 Other comprehensive income Items that will be reclassi!ed subsequently to pro!t or loss: Currency translation adjustments 30 (62) (10) (Loss)/gain on hedge accounting (538) 315 (538) 315 Deferred taxation thereon 151 (88) 151 (88) Items that will not be reclassi!ed subsequently to pro!t or loss: De!ned bene!t fund actuarial gain/(loss) 22.3 8 (2) 8 (2) Deferred taxation thereon 22.3 (2) 1 (2) 1 Total comprehensive income for the year attributable to shareholders, net of taxation 2 205 2 920 2 268 2 794 Attributable to: Equity holders of the parent 2 205 2 920 2 268 2 794 Total comprehensive income for the year attributable to shareholders, net of taxation 2 205 2 920 2 268 2 794
Consolidated Statements of Financial Position Consolidated Statements of Cash Flows Group Company Rm Notes 2021 2020 2021 2020 Assets Restated Restated Non-current assets 9 288 6 950 8 923 6 527 Property, plant and equipment 14 2 236 2 137 2 165 2 051 Right-of-use asset 17 5 000 4 202 4 630 3 811 Intangible assets 15 1 641 490 1 620 462 Consolidated entities 31 - - 156 143 Long-term receivables and other investments 18 37 25 29 4 De!ned bene!t fund asset 22 69 55 69 55 Deferred taxation assets 26 305 41 254 1 Current assets 10 587 10 244 9 949 9 618 Inventories 8 3 298 2 719 3 108 2 524 Trade and other receivables 9 2 155 2 268 2 098 2 182 Derivative !nancial instruments 19 24 342 24 342 Re-insurance assets 11 154 182 154 182 Current amounts owing by consolidated entities 31 - - 291 356 Taxation 25 7 7 - - Cash and cash equivalents 12 4 949 4 726 4 274 4 032 Total assets 19 875 17 194 18 872 16 145 Equity and liabilities Equity attributable to equity holders of the parent 10 838 9 428 10 321 8 852 Issued capital 27 -* -* -* -* Capital reserves 28 382 316 335 270 Treasury share transactions 29 (1 852) (1 534) (2 541) (2 222) Retained income 12 650 10 545 12 665 10 561 Foreign currency translation reserve 30 (204) (142) - - De!ned bene!t fund actuarial gains and losses 22 2 (4) 2 (4) Cash "ow hedge reserve 19 (140) 247 (140) 247 Total equity 10 838 9 428 10 321 8 852 Non-current liabilities 4 800 4 032 4 450 3 684 Lease liability 20 4 776 4 014 4 426 3 666 Long-term liabilities 21 4 - 4 - Post retirement medical bene!ts 22 20 18 20 18 Current liabilities 4 237 3 734 4 101 3 609 Trade and other payables 10 2 542 2 136 2 464 2 065 Derivative !nancial instruments 19 284 - 284 - Re-insurance liabilities 11 45 46 45 46 Current amounts owing to consolidated entities 31 - - 38 68 Current portion of lease liability 20 1 164 1 027 1 078 917 Taxation 25 202 525 192 513 Total liabilities 9 037 7 766 8 551 7 293 Total equity and liabilities 19 875 17 194 18 872 16 145
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