Question:

Compare and contrast the presentation of income statement with partnership and analyse its financial performance and operation results with recommendation.

Marking Rubric Below Standard Satisfactory Good Excellent Compare and contrast the Your answer only lists the Your answer provides some Your answer provides specific Your answer provides balanced presentation of its financial general similarities and discussion on the similarities discussion on the similarities and and specific discussion on the statements with partnership. (20 marks) differences without regard to the public limited company and differences with regard to the public limited differences with regard to the public limited company identified. similarities and differences with regard to the public limited identified. company identified company identified. Learning outcome: Your answer incorrectly Your answer discusses some Your answer correctly discusses Your answer correctly discusses Outline the characteristics discusses the similarities and similarities and differences the similarities and differences in and financial statements of a differences. very briefly with some some detail. the similarities and differences in sufficient detail. partnership and limited Your answer provides no inaccuracies. . Your answer provides some . Your answer provides sufficient company and related reasons for the differences Your answer provides reasons for the differences and reasons for the differences and accounting treatments. and similarities. inappropriate reasons for the similarities. similarities differences and similarities. Marks 6 - 10 10 - 15 16 -20 Use of data and tools for Your answer uses narrow data and * Your answer uses narrow data and . Your answer uses data and Your answer uses broad areas of analysing financial information information. information in different areas data and information. performance and operation despite some inadequacy. Your calculation is largely correct results. (10 marks) Your calculation is largely Your calculation is incorrect a incorrect with no workings of some points with insufficient Your calculation is largely correct with sufficient workings of calculation. workings of calculation. with insufficient workings of calculation Learning outcome: Illustrate the preparation of Your answer only makes use of Your answer only makes use of calculation at some points. Your answer makes use of quantitative data/information of quantitative data/information of Your answer only makes use of quantitative and qualitative a statement of cash flows the company. the company. quantitative data/information of the data/information of the company. and analysis of financial statements. Your answer includes much Your answer includes some irrelevant data/information. company. Your answer fully includes all irrelevant data/information. Your answer largely includes relevant data/information relevant data/information. Analysis and interpretation . Your answer narrowly analyses Your answer broadly analyses the . Your answer broadly analyses the . Your answer broadly analyses the of financial performance the financial performance and financial performance and financial performance and financial performance and and operation results (30 operation results, or the analysis is operation results, but the analysis operation results, but the analysis is operation results; the analysis is marks) incorrect. is incorrect. Your answer provides no incorrect at some points. comprehensive and accurate. Your answer sufficiently Learning outcome: Your answer provides no consideration of the interactions consideration of the interactions Your answer insufficiently considers the interactions between considers interactions between Illustrate the preparation of between different areas of between different areas of different areas of analysis. different areas of analysis. a statement of cash flows analysis. and analysis of financial analysis. Your answer insufficiently considers the overall results. Your answer sufficiently considers the overall results. statements. Your answer provides no consideration of the overall Your answer provides no results. consideration of the overall results. Recommendation Your recommendation is not Your recommendation is not Your recommendation is feasible Your recommendation is highly (20 marks) feasible and incorrect. Your recommendation is generic feasible and not accurate. but not fully accurate. Your recommendation covers some feasible. Your recommendation covers Your recommendation covers Learning outcome: sufficient broad areas of analysis. Illustrate the preparation of and does not target to the results narrow areas of analysis. from your analysis. Your recommendation does not Your recommendation is targeted areas of analysis. a statement of cash flows to narrow areas of the results Your recommendation is targeted Your recommendation is sufficiently targeted to the results and analysis of financial consider the internal and external found from your analysis. to some of the results found from your analysis. found from your analysis. statements environment of the company Your recommendation narrowly Your recommendation considers Your recommendation sufficiently considers the internal and external the internal and external environment of the company. environment of the company to considers the internal and external environment of the company. some extent. Marks 0-15 16 -30 31 - 4 46-60 Organization (10 marks) * Presentation is unorganized. Coherence is weak. * Presentation is insufficiently * Presentation is sufficiently organized. * Presentation is well-organised. Coherence is insufficiently organized. Coherence is well-developed. Coherence is sufficiently developed. developed. Marks 0-2 3 -4 5-7 8 - 10 Writing skills . Writing is tidy but not easily . Writing is neat and easily (10 marks) Writing is untidy but not hardly * Writing is tidy but not easily readable. readable. readable at some points. Vocabulary selection is readable. Vocabulary selection is not Vocabulary selection is not Vocabulary selection is very appropriate. appropriate at some points. appropriate. appropriate. Marks 3-4 8 - 10Company B - Income Statement CONSOLIDATED INCOME STATEMENT Year ended December 31, 2019 2018 Note RMB' 000 RMB' 000 Revenues Commission 65,525,997 47,012,249 Online marketing services 15,840,078 9,391,406 Interest revenue 786,032 456,077 Other services and sales 15,376,424 8,367,546 97,528,531 65,227,278 Cost of revenues (65,208,143) (50, 122,320) Gross profit 32,320,388 15,104,958 Selling and marketing expenses (18,819,067) (15,871,901) Research and development expenses (8,445,664) (7,071,900) General and administrative expenses (4,338,954) (5,546,037) Net provision for impairment losses on financial assets (645,685) (285,655) Fair value changes on investments measured at fair value through profit or loss 19 77,699 1,836,382 Other gains, net 2,531,143 748,356 Operating profit/(loss) 2,679,860 (11,085,797) Finance income 10 166,217 294,047 Finance costs 10 (191,042) (44,732) Fair value changes of convertible redeemable preferred shares 28 (104,606,058) Share of gains/(losses) of investments accounted for using equity method 12 107,353 (48,267) Profit/(loss) before income tax 2,762,388 (115,490,807) Income tax expenses 13 (526,223) 1,888) Profit/(loss) for the year 2,236,165 (115,492,695) Profit/(loss) for the year attributable to: Equity holders of the Company 2,238,769 (115,477,171) Non-controlling interests (2,604) (15,524) 2,236,165 (115,492,695) Earnings/(loss) per share for profit/(loss) for the year attributable to the equity holders of the Company Basic earnings/(loss) per share (RMB) 14 0.39 (42.40) Diluted earnings/(loss) per share (RMB) 14 0.38 (42.40) The notes on pages 158 to 272 are an integral part of these consolidated financial statements. 150 Meituan Dianping 2019 Annual ReportCompany A - Income Statement CONSOLIDATED INCOME STATEMENT For the year ended December 31, 2019 (Expressed in Renminbi ["RMB"]] Year ended December 31, Note 2019 2018 RMB'000 RMB '000 Revenue 205,838,682 174,915,425 Cost of sales (177,284,649) (152,723,486) Gross profit 28,554,033 22, 191,939 Selling and marketing expenses (10,378,073) [7,993,072) Administrative expenses (3, 103,901) (12,099,078) Research and development expenses (7,492,554) (5,776,826) Fair value changes on investments measured at fair value through profit or loss 19(iv) 3,813,012 4,430,359 Share of losses of investments accounted for using the equity method 11 (b) (671,822) (614,920) Other income 1,265,921 844,789 Other (losses)/gains, net (226,399 213,281 Operating profit 11,760,217 1, 196,472 Finance income, net 10 402,429 216,373 Fair value changes of convertible redeemable preferred shares 35 12,514,279 Profit before income tax 12, 162,646 13,927,124 Income tax expenses 12 (2, 059,696) (449,377) Profit for the year 10, 102,950 13,477,747 Attributable to: - Owners of the Company 10,044, 164 13,553,886 - Non-controlling interests 58,786 [76,139) 10, 102,950 13,477,747 Earnings per share (expressed in RMB per share): 13 Basic 0.423 0.843 Diluted 0.410 0.044 The notes on pages 191 to 325 are an integral part of these consolidated financial statements