As the financial analysts of Mezza Holding Company you are required to write a Memo to the Financial Manager describing the performance of the company and your suggestions on future improvements based on the following financial statements..State the purpose of your Memo.Describe and interpret ratio results and provide company’s performanceanalysis based on them. Describe the weaknesses and strength of the company’s financial data.Provide suggestions on how to improve company’s performance. Mezzan Holding Company K.S.C.P. and subsidiariesConsolidated statement of profit or lossfor the year ended 31 December 2019Notes20192018KDKD(Restated)Revenues222,466,358207,471,048(173,721,879) _(163,452,214)48,744,479Cost of revenueGross profit44,018,834Selling and distribution expensesGeneral and administrative expenses(18,462,145)(16,844,976)(18,330,064)(18,549,573)690,2201,886,73510,511,020Other income23Results from operating activities12,642,490Finance costs(3,666,838)(2,764,974)Share of (loss) / profit of associatesImpairment of non-financial assets- netProfit for the period before contribution to KuwaitFoundation for the Advancement of Sciences ("KFAS"),National Labour Support Tax ("NLST"), Zakat andboard of directors' remuneration(96,381)116,91824(2,244,509)(748,020)7,114,944(74,030)(211,282)6,634,762KFAS(59,326)NLST(134,477)(83,697)(75,000)6,670,935Zakat(53,138)Board of directors' remuneration12(50,000)6,337,821Profit for the yearProfit attributable to:5,635,637702,184Shareholders of the Company6,959,019Non-controlling interests19(288,084)6,337,8216,670,935Earnings per share (basie and diluted) (fiks)18.50 fils22.56 filsThe accompanying notes form an integral part of these consolidated financial statements. Mezzan Holding Company K.S.C.P. and subsidiariesConsolidated statement of financial positionas at 31 December 2019Notes2018KD2019KD(Restated)AssetsProperty, plant and equipmentRight of use assetsIntangible assets78,105,5373,252,26929,400,6131,071,8243,990,822722,75179,458,25013,528,5711,241,2254,095,856585,810Investment in associatesInvestment propertiesBiological assetsInvestments at fair value through other comprehensiveincomeNon-current assets30301,933,479118,477,2951,692,239100,601,951Inventories10Trade and other receivablesCash and cash equivalentsCurrent assets46,308,05678,362,14817,182,905141,853,109260,330,40440,971,21558,897,76116,677,660116,546,636217,148,58713Total assetsEquityShare capitalTreasury sharesStatutory reserveVoluntary reserveFair value reserveForeign currency translation reserveOther reserveRetained eamingEquity attributable to sharcholders of the CompanyNon-controlling interestsTotal equity141531,132,500(4,563,800)16,601,33516,601,3351,120,264(472,540)(1,763,509)46,939,964105,595,5498,024,852113,620,40131,132,500(4,463,160)16,601,33516,601,335975,219(471,149)(1,210,669)46,177,047105,342,4584,489,938109,832,39616171819LiabilitiesLoans and borrowingsLease liabilities201,093,2302,030,6417,275,29410.399,1652,552,760Retirement benefit obligation215,845,5018,398,261Non-current liabilitiesLoans and borrowingaBank overdraftsLease liabilitiesTrade and other payables2085,924,5604,556,790975,99044,853,498136,310,838146,710,003260,330,40450,702,9718,906,9741339,307,98598,917,930107,316,191217,148,58722Current liabilitiesTotal liabilitiesTotal equity and lhitiesThe accompanying notes ferm tegral part of these consolidated financial statements.Mohammed Jassim Al WazzanVice ChairmanGarrett WalshChief Executive Ofleer

Memorandum (Memo) The purpose of using the memorandum to convey the required information or…

As the financial analysts of Mezza Holding Company you are required to write a Memo to the Financial Manager describing the performance of the company and your suggestions on future improvements based on the following financial statements. . State the purpose of your Memo. Describe and interpret ratio results and provide company’s performance analysis based on them. Describe the weaknesses and strength of the company’s financial data. Provide suggestions on how to improve company’s performance.

As the financial analysts of Mezza Holding Company you are required to write a Memo to the Financial Manager describing the performance of the company and your suggestions on future improvements based on the following financial statements. . State the purpose of your Memo. Describe and interpret ratio results and provide company’s performance analysis based on them. Describe the weaknesses and strength of the company’s financial data. Provide suggestions on how to improve company’s performance.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

Problem 68APSA: Financial Statement Presentation of Operating Assets Olympic Acquisitions Inc. prepared the...

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