SkyCity Entertainment Group Limited (SKC)

Using the annual report of SkyCity Entertainment Group Limited for 2020 and 2019, answer the following questions.

For the annual report, go to:www.skycityentertainment.com, and click on'Investor Centre'.

Required:

1. Comment on the company's key considerations in setting the group strategy.

1. Explain SKC's priorities for the financial year 2021 to help improve its operating performance and optimise its existing portfolio. (6 marks)
2. Discuss the impact of the adoption of'NZIFRS16 -Leases'on the company's Income statement for the year 2020. (Youmay refer to Note 1(f)-New accounting standards adopted in the year).
3. (4 marks)
4. Using the consolidated financial statements of SKC Limited for the years 2019 and 2020, prepare common-size balance sheets and income statements.
5. (6 marks)
6. Using the following financial ratios for 2019 and 2020 and other associated information available in the public domain, assess the financial health of SKC.
7. a)Liquidity ratios(Ratio calculations and discussion)
8. b)Capital structure ratios(Ratio calculations and discussion)
9. c)Asset management efficiency ratios(Ratio calculations and discussion)
10. d)Profitability ratios(Ratio calculations and discussion)
11. e)Market ratios(Ratio calculations and discussion)
12. (12 marks)
13. Considering the extensive damage caused to the NZICC in October 2019 and recent COVID related travel restrictions and lockdowns, discuss the impact on SKC's financial performance, share price performance, and its future sustainability(You may refer to recent announcements and media news).