Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following statements are extracted from annual reports of some companies listed in London Stock Exchange: For each statement: 1- Identify whether the statement contains

The following statements are extracted from annual reports of some companies
listed in London Stock Exchange:
For each statement:
1- Identify whether the statement contains past-oriented or future-oriented information.
2- Identify the type of information for future-oriented statements
1) In future periods, it is expected that the effective tax rate will remain at or above the
current levels. ANGLO AMERICAN PLC, 2005
2) The control system specifies the distribution of rights and responsibilities among different
participants in the company, such as the board of directors, managers, shareholders and
other stakeholders ANDREWS SYKES GROUP, 2009
3) Our management intends to enhance future dividends to 10m in 2007/08 HMV
GROUP, 2006
4) The management believes that this strategy will enable Porvair to grow and attract more
customers. PORVAIR PLC, 2007
5) Our unit sales grew by 25% during the year and we believe this momentum will be, at
least, maintained during the coming year. 600 GROUP, 2008
6) The final dividend will be paid on 28 May 2009 to shareholders on the register at 1 May
2009. AEGIS GROUP, 2008
7) The increase in costs is not matched with the amount of revenues during the period of sales
decline Zain LLC, 2015
8) Total long term liabilities are reduced from 43% to 32% and interest collection improved.
Total external and inter division revenue was 17% up on 2007. 4IMPRINT GROUP
PLC, 2008
9) A detailed action plan has been established to resolve areas of low performance and
this has resulted in number of management changes in this division. AVON RUBBER
PLC, 2008
10) In 2011, we plan to increase capital expenditure to around 60 million. GREENE
KING, 2010
11) We expect 2010 to provide much better trading conditions for air conditioning products.
ANDREWS SYKES GROUP, 2009
12) We focus on customer satisfaction and all consumer needs Zain PLC, 2016
13) Our governance system plays an important role in managing the risk of corporate fraud,
and helps to prevent management misconduct and corruption AEGIS GROUP, 2008
14) A new pension scheme was introduced on 1 January 2003 ANDREWS SYKES, 2008.
15) We focus on well governed procedures and structures to avoid conflict of interests
between different parties CARPETRIGHT PLC, 2009
please answer the questions

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems Controls And Processes

Authors: Leslie Turner, Andrea B. Weickgenannt, Mary Kay Copeland

5th Edition

1119989485, 9781119989486

More Books

Students also viewed these Accounting questions