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Get MGBBT1FBF Fundamentals of Business Finance Assignment

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Module title  Module code:

Fundamentals of Business Finance

MGBBT1FBF

Module Leaders:

Sheuly Ahmed

Jasim Ali Rathore

Assignment No.  Assignment type:

2

Case Study Report ( 2000 Words )

Assessment weighting:

50%

Submission date  Submission time:

Friday 24th May 2024

14:00

Target feedback

time and date:

3 weeks from the Submission Deadline 

 

 

 

 

 

 

 

 

This assignment requires you to demonstrate your skills to analyse and interpret information produced by the business organisation. You are expected to show your knowledge about financial statements. You will be required to illustrate knowledge and understanding of different financial ratios and how they can be used to improve the performance of an organisation.

A case study report is used to demonstrate an understanding of the analysis and interpretation of information produced by key financial statements. Also, the case study will be used as the basis for explaining the terms used within the main financial statements.

Do not attempt the assignment without the assignment brief. Use of the template is highly recommended.

LO 1

Understand and explain the purposes of the financial information produced by businesses

 

LO 2

Explain the structure and terms used within the main financial statements and undertake the analysis and interpretation of financial statements.

 

LO 3

Demonstrate appropriate academic writing skills, referencing and good academic practice and make decisions on organising material in a logical and coherent way with an audience in mind.

With wonderful views of the wide-open sea, the 7 Seas Onboard buffet restaurant serves a variety of delicious appetisers, hot and cold starters, main dishes, desserts, and cheese on DFDS Seaways ferry routs. DFDS is one of Europe’s leading ferry operators. Customers can put their own favourite combinations together as its ‘all-you-can-eat’ they can visit the buffet table as many times as they wish. The restaurant offers a little bit of everything, with a wide selection of seafood, traditional meat dishes, salads, cheese, and pastries, as well as a very popular children’s buffet for tourists.

You have been working in the hospitality industry for 10 years with different companies at different positions at operational level. After completing studies in business and tourism management you have started working at 7 seas Restaurants as Business Planning assistant to operations manager. The operations manager wants to use of your knowledge about Business Finance and experience in the hospitality industry for future planning. Operation’s manager intends to introduce changes in system of operating on different routes of DFDS Seaways. But he needs your input to compile a report for senior management. You received following memo from your operations manager, regarding this case:

 

To: Business Planning Assistant

Date: 20th April 2024.

From: Christina, Operations Manager

Subject: 7 Seas Onboard Restaurants - Financial Information

 

You are aware that senior management is concerned with the quality and results shown in the financial statements prepared by the accounts department. The file attached contains a company's Income Statements and Balance Sheets for the past five years, I would like you to examine (describe, reflect, and evaluate) the financial information and compile a report by Friday morning to discuss the detailed financial analysis of the company over the 5-year period.

Regards

Christina

7 Seas Onboard Restaurants Ltd.

Income Statement

All figures are in millions.

Note

Description

2019

2020

2021

2022

2023

01

Net Revenues

232

406

893

1140

1553

02

Cost of Production

253

466

408

431

680

 

Gross Profit

-21

-60

485

709

873

03

Marketing and Promotions

15

20

35

50

65

04

Administrative expenses

25

40

65

75

80

05

Energy and Insurance

40

70

110

155

175

06

Salaries of Support Staff

20

10

20

25

30

 

Operating Profit (EBIT)

-121

-200

255

404

523

07

Financial Expenses

15

20

25

30

35

 

Profit before Tax

-136

-220

230

374

488

18

Corporate Taxe

-34

-55

58

94

122

 

Net Profit for the Period

-102

-165

172

280

366

 

 

Statement of Financial Position

All figures are in millions.

Note

Assets

2019

2020

2021

2022

2023

 

Fixed Assets:

 

 

 

 

 

 

Kitchen and Dining Utensils

248

199

337

504

530

 

Catering tools and Equipment

148

207

283

334

350

 

Furniture and computers

1272

1551

1491

1604

1700

 

Current Assets:

       

 

 

Inventories or Stock

6

14

8

7

6

 

Receivables from DFDS

680

1076

3385

2753

2500

 

Other trade Receivables

34

45

44

34

40

 

Prepaid Insurance

22

57

2

1

4

 

Investments in DFDS

0

0

121

0

20

 

Cash at bank and in hand

305

503

2

359

400

 

Total Assets

2715

3652

5673

5596

5550

 

Note

Equity & Liabilities

2019

2020

2021

2022

2023

 

Preferred Share Capital

25

25

25

27

28

 

Ordinary Share Capital

179

176

212

269

215

 

Share Premium

218

495

262

341

291

 

Retained Profits

970

931

1586

2898

3000

 

Total Equity

1392

1627

2085

3535

3534

 

Non-Current Liabilities:

       

 

 

Long-term Loans

132

113

8

338

320

 

Current Liabilities:

       

 

 

Short-term Loan

6

6

102

0

10

 

Salaries Payables

30

38

38

75

35

 

Payable to Suppliers

1128

1840

3354

1508

1540

 

Corporate Tax payable

0

0

0

34

30

 

Other Short-term Liabilities

27

28

86

106

81

 

Total Liabilities & Equity

2715

3652

5673

5596

5550

 

Task Description

 

21. Introduction: Provide an overview of the aims and objectives of the case study report.                  Briefly Define financial information (150 words).

 

22. Discuss motives of the following stakeholders for financial information of 7Seas Restaurants (300 Words):

  1. Government (HMRC)
  2. DFDS Seaways
  3. Suppliers of raw materials
  4. Potential Investors
  5. Banks and Financial Institutions

 

23. Briefly discuss the purpose and characteristics of good financial information by explaining how they address the motives of the above-mentioned stakeholders for financial information (500 words).

 

  1. Calculate the following ratios for 7 Seas Onboard Restaurants and reflect on their development for the given period (600 words):  

 

  1. Gross Profit Ratio
  2. Operating Profit Ratio
  3. Net Profit Ratio
  4. Return on Investment
  5. Return on Equity
  6. Assets Turnover Ratio
  7. Current Ratio
  8. Quick Ratio
  9. Equity Ratio
  10. Debt Ratio

 

Prepare a detailed report on the company's performance in terms of profitability, Efficiency, liquidity, and default risk development during the 5-years period.

 

  • What does each ratio generally explain about a company?
  • What does the development in the ratios explain about the company?

 

  1. Briefly discuss important limitations of the ratios analysis  (300 Words)
  2. Conclusion: Consolidate the key findings and overall remarks and suggestions (150 words)

 

Case Study Report - Formatting

The case study must be formatted in professionally. An academic case study typically uses following format.

  • Font name: Times New Roman
  • Font size: 12 points
  • Line spacing: 1.5.
  • Alignment: Justify
  • Be consistent in formatting, headings, and subheadings.
  • Spacing between paragraphs must be consistent.

Referencing and research requirements

A minimum of 15 references is required. Students are required to use the sources provided on Moodle. Please reference your work according to the CCCU Harvard style.

Work will be assessed - the grading descriptors for Level 4.

Your work will be assessed on the extent to which it demonstrates your achievement of the stated learning outcomes for this assignment and against key criteria, as defined in the University’s institutional grading descriptors. If it is appropriate to the format of your assignment and your subject area, a proportion of your marks will also depend upon your use of academic referencing conventions.

 

Submission Guidelines

This assignment should be submitted electronically via Moodle (module tutors will discuss this process with you during class time).

 

  • Please ensure that your work file has been saved in Microsoft Word format. Your file must also contain at least 20 words of text, consist of fewer than 400 pages and be less than 40MB in size.

 

 

  • Once you have submitted your work, you will receive a digital receipt as proof of submission, which will be sent to your forwarded e-mail address (provided you have set this up). Please keep this receipt for future reference, along with the original electronic copy of your assignment

 

Late Submissions

You should submit all work for summative assessments by the deadline. Work submitted up to three working days after the deadline will be accepted and marked, but the mark will be capped at the pass mark (40%) unless there is a valid reason for the late submission (i.e., having been granted an extension to the deadline or a deferral under the terms of the Extenuating Circumstances Policy).

 

Work submitted more than three working days after the deadline without a valid reason will not be accepted and will be recorded as zero (refer to module handbook).

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