Below are the summarised nancial statements for the year to 31 March 2015 and 2016 of Heywood Bottles, a company which manufactures bottles for many…

Required In the capacity of a business consultant, make a report for the board of Heywood Bottles based on a review of the company’s performance for the year to 31 March 2016 in comparison with the previous year. Particular emphasis should be given to the effects of the implementation of the actions referred to in points (a) to (d) above. 

  • Attachment 1
  • Attachment 2

Below are the summarised financial statements for the year to 31 March 2015 and 2016 of HeywoodBottles, a company which manufactures bottles for many different drinks companies. Note. The statements for the year to 31 March 2016 have not been audited.Heywood Bottles – Statements of comprehensive income for the years ended 31 March 2016 2015$m $m $m $mRevenue 300 120Manufacturing costs 261 83Depreciation _9 _7Cost of sales @) @)Gross profit 30Other expenses @) @)Profit before interest and tax 2 20Finance costs Q) E)Profit/(loss) before tax (8) 18Income tax expense E) E)PROFITI(LOSS)I’|’0TAL COMPREHENSIVE INCOME FOR THE YEAR L) 2Dividends paid 6 6Heywood Bottles – Statements of financial position as at 31 March2016 2015$m $mNon-current assetsLand and buildings 5 5Plant and equipment 18 E2 aCurrent assetsInventories 18 12Receivables 94 25Deferred expenditure 6 -Bank _- _8m au EEquity$1 ordinary shares 25 25Capital reserves 10 11Retained earnings fl) _8g 44 Non-current liabilitiesFinance lease liabilities 2 19

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