Posted: April 1st, 2015

Financial Statement Analysis

Financial Statement Analysis

Project description
This ia an undergraduate work.

Identify two competing firms listed in the UK, as well as creating a portfolio of firms operating in similar industry.(5 firms have been chosen, you can find it in the ATTACHED FILES )

Step 1:
Select a firm that is listed in UK and its local competitor, as well as creating a portfolio of firms operating in similar industry.In order to compare the firms in the context of their sector of operations, you should create a portfolio of UK firms operating in a similar industry.
Five firms have been chosen, you can find it in the ATTACHED FILES. One for main firm, one for local competitor, the other three as a portfolio of UK firms operating in similar industry.
Industry Classification: Hotels

Step 2:
Balance Sheet and Income Statement for each firm in order to distinguish between operating and financing activities.(Balance Sheet and Income Statement of each firm are in the ATTACHED FILES)

Step 3:
Calculate ratios based on reformulated financial statements?ratios have been calculated, it has been uploaded in the ATTACHED FILES?
Analysis of profitability:(There is an example in the ATTACHED FILES)
Inter-firm comparisons
Industry average comparison
Common size and trend analysis

Report Outline:
1. Background information on the firm, its competitor and the industry
2. Ratio Analysis
3. Results and Discussions
4. Conclusions
All the charts and calculations must be in the APPENDIX