Business review Template The Net Profit for the year 2016 , is £? (2015: £18,987,000). The Company’s key financial and other performance indicators during the year were as follows: 2016 £’0002015 £’000Change % Turnover (continuing operations) 189,711 179,587 +5.6%Profit for the financial year? 18,987 + ? %Shareholder’s equity?63,057+32.9% Current assets as % of current liabilities ? % 304% -82%Customer satisfaction4.54.1+10%Average number of employees649618+5% Turnover from continuing operations increased by 5.6% during the year, primarily due to the acquisition of the Extinguishers business on 1 May 2015, which made a full years contribution in 2016. Gross Profit = £? Net Profit = £? Net Profit increased in 2016 by ? % during the year. Shareholders’ equity increased by 32.9% by £?. The company’s “quick ratio” (Current Assets (excluding stock) divided by Current Liabilities) is ? The company’s “current ratio” (Current Assets divided by Current Liabilities.) is ? PLEASE SHOW YOUR WORKING OUT OF EACH OF THESE CALCULATIONS Notes to the financial statements at 31 December 2016 3. Turnover Turnover recognised in the income statement is analysed as follows. 2016 2015 £000 £000 Sale of goods 189,711 179,587 Turnover from continuing operations189,711 179,587 4. Cost of Sales 2016 2015 £000 £000 Material Cost 42,597 38.845 Production Cost 15,231 12,845 Labour Cost 50,758 47,285 Cost of Sales108,586 98,975 5. Overheads 2016 2015 £000 £000 Administrative Expenses 13,751 20,251 Other Operating Costs 22,374 34,293 Interest 1,943 7,081 Total Overheads 38,068 61,625
