Question 7 Following is the consolidated results as presented in the annual report of Fortescue Metals Group Limited Consolidated income statement For the year ended 30 June 2019 2019 US$m 9,965 2018 US$m Note 3 5 6,887 (5,115) 4,850 14,920) 1,957 4 110 30 6 (138) 4,822 26 (114) 1,873 7 24 Operating sales revenue Cost of sales Gross profit Other income Other expenses Profit before income tax and net finance expenses Finance income Finance expenses Profit before Income tax Income tax expense Profit for the year after income tax Profit for the year is attributable to: Equity holders of the Company Non-controlling interest Profit for the year after income tax 7 (652) (279) 4,569 (1,382) 3,187 1,245 (367) 14 878 3.187 879 (1) 3,187 878 Note Cents Cents Earnings per share attributable to the ordinary equity holders of the Company: Basic earnings per share Diluted earnings per share 28.2 103.1 1029 28.1 ABa) What is your assessment about the performance of the company over the years (calculations are not necessary)? [2 marks] b) What more information you need to draw reasonable conclusion about the performance of the firm (calculations are not necessary)? [2 marks]