Produce a report for the client limited to only the issues below, which the client has asked for advice on:

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a) Calculate the ratios for profitability, liquidity, efficiency and gearing for the years 2020 and 2019.

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b) Analyse the performance and position of Next plc based on the above ratios.

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c) Discuss how accounting standards aid the reporting of useful information within Next plc annual reports for 2020.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 52 weeks to 25 January 2020 Em 610.2 52 weeks to 26 January 2019 Restated Em 599.1 Notes Profit for the year 20 186 10.5) 15.4 Other comprehensive income and expenses Items that will not be reclassified to profit or loss Actuarial gains on defined benefit pension scheme Tax relating to items which will not be reclassified Subtotal items that will not be reclassified items that may be reclassified to profit or loss Exchange differences on translation of foreign operations Foreign currency cash flow hedges - fair value movements Cost of hedging -fair value movements Tax relating to items which may be reclassified Subtotal items that may be reclassified 2.0 (53) 10.5 732 0.1 (2.8) 9.5 05 (13.0) 55.4 Other comprehensive income Total comprehensive income for the year 12.1 622.3 70.8 6699 CONSOLIDATED BALANCE SHEET 25 January 2020 26 January 2019 Rested Note 10 578.5 44.2 ASSETS AND LIABILITIES Non current assets Property, plant and equipment Intangible assets Right-of seat Associates, joint venture and other investment Defined bene pensionat Other financial assets Deferred tax assets 12 20 14 6 5649 426 9438 5.1 135.0 415 419 1.7643 48.4 1.7179 13 Current assets Inventories Customer and other receivables Right of return asset Other financial assets Cash and short term deposits 527.6 1,3153 242 1.7 125.4 14 15 1,955.4 3.673.3 1563 1.9773 3,7426 Total assets (37731 16 17 11 18 (73.71 1992.01 (172.31 (326 (175.6) 01.243.71 Currenties Bank loans and overdrafts Trade payables and other labies Lease abilities Other financial abilities Current taxaties Non current abilities Corporate bonds Provision Other financial abilities Lease abilities Other abilities Deferred tax liabilities 19 21 18 11 17 6 (1,1637) (17.30 07-31 (1,078.7) (14.51 (905.23 (15.71 19.23 (1.190.71 19:11 122.81 12.112.7 13.376.4 3662 Total liabilities NET ASSETS TOTAL EQUITY 12.20201 (3.231.81 4415 45 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 145 114 3 AEROB th Other comprensive incomale or 04 MO Income for the year 04 999 - DE - - - ESOT share purchased 0619 STE Shares med by Esor Shared Recetto Taxcogid directly - - 07 LU 05 10:11 2013 04 1. ZASED 102 04 103 for the come reply the year 77 121 77 25 DE - - Share buy and com.es Share purchased Shared by ESOT 50 17 isol Recocotofino The direct 1119 Atano CE SEE 0511.22