Extracts from CeeCee's accounts: Statement of Comprehensive Income, Statement of Financial Position and Statement of Changes in Equity Statement of Comprehensive Income Year ended 31 December 2008 Year ended 31 December 2007 € million € million Sales revenue Operating costs 2,700 2.084 2,358 1.824 Operating profit Finance costs (net) Tax expense (effective tax rate is 30%) 616 22 178 534 26 152 Profit for the period 416 356 Statement of Financial Position As at 31 December 2008 As at 31 December 2007 € million €million € million €million Non-current assets (net) 1,438 1,363 Current assets Trade receivables Inventory Cash and cash equivalents 24 286 313 20 234 174 623 428 Total assets 2,061 1.791 Equity and liabilities Share capital Share premium Retained earnings 50 40 1.038 40 830 1,128 920 Non-current liabilities 300 300 Current liabilities Trade payables Тах рayable 455 178 419 152 633 571 Total equity and liabilitios 2,061 1,791 Note: Paid in share capital represents 100 million shares of €0.50 each at 31 December 2008 Statement of Changes in Equity Share capital Share premium Retained Total earnings € million € million € million €million Balance at 31 December 2007 Profit for the period Dividends paid 920 416 208 50 40 830 416 208 Balance at 31 December 2008 50 40 1.038 1,128

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8. current ratio (need interpretation)

Current assets and end of period/current liabilities at end of period

2009 Full year forecast and extracts from 5 year plan
Extracts from CeeCee's accounts:
Extracts from 5 year plan
Latest
Full year Note: All figures shown in the financial data below are
forecast
Statement of Comprehensive Income, Statement of Financial Position and
Statement of Changes in Equity
based on 2009 prices
Statement of Comprehensive Income
Year ended
31 December 2007
Year ended
31 December 2008
2009
2010
2011
2012
2013
2014
€ million
€ million
Number of shops:
End year
Sales revenue
2,700
2,084
2,358
1,824
630
650
672
702
750
800
Operating costs
Average for year
620
640
661
687
726
775
Operating profit
Finance costs (net)
Tax expense (effective tax rate is 30%)
616
534
22
26
178
152
Sales area for all shops
Profit for the period
416
(square metres)
356
Statement of Financial Position
As at
31 December 2008
As at
31 December 2007
Average for year
648,000
680,000
713,200
752,400
808,800
879,600
€ million €million
€ million € million
€ million
€ million
€ million
€ million
€ million
€ million
Non-current assets (net)
1,438
1,363
Sales revenue
2,781
2,985
3,319
3,781
4,390
5,156
Current assets
Trade receivables
Inventory
Cash and cash equivalents
24
20
Operating profit
286
234
634
690
780
896
1,045
1,237
313
174
623
428
Total assets
2,061
1,791
* Sales revenue for 2010 to 2014 includes sales revenue generated by shops and online
trading
Equity and liabilities
Equity
Share capital
Share premium
Retained earnings
50
50
40
40
1,038
830
1,128
920
Non-current liabilities
300
300
Current liabilities
Trade payables
Тах рayable
455
178
419
152
633
571
Total equity and liabilities
2,061
1,791
Note: Paid in share capital represents 100 million shares of €0.50 each at 31 December 2008
Statement of Changes in Equity
Share
сapltal
Share
premium
Retained
earnings
Total
€ million
€ million
€ million
€ million
Balance at 31 December 2007
Profit for the period
Dividends paid
50
40
830
416
920
416
208
208
Balance at 31 December 2008
50
40
1,038
1,128
Transcribed Image Text:2009 Full year forecast and extracts from 5 year plan Extracts from CeeCee's accounts: Extracts from 5 year plan Latest Full year Note: All figures shown in the financial data below are forecast Statement of Comprehensive Income, Statement of Financial Position and Statement of Changes in Equity based on 2009 prices Statement of Comprehensive Income Year ended 31 December 2007 Year ended 31 December 2008 2009 2010 2011 2012 2013 2014 € million € million Number of shops: End year Sales revenue 2,700 2,084 2,358 1,824 630 650 672 702 750 800 Operating costs Average for year 620 640 661 687 726 775 Operating profit Finance costs (net) Tax expense (effective tax rate is 30%) 616 534 22 26 178 152 Sales area for all shops Profit for the period 416 (square metres) 356 Statement of Financial Position As at 31 December 2008 As at 31 December 2007 Average for year 648,000 680,000 713,200 752,400 808,800 879,600 € million €million € million € million € million € million € million € million € million € million Non-current assets (net) 1,438 1,363 Sales revenue 2,781 2,985 3,319 3,781 4,390 5,156 Current assets Trade receivables Inventory Cash and cash equivalents 24 20 Operating profit 286 234 634 690 780 896 1,045 1,237 313 174 623 428 Total assets 2,061 1,791 * Sales revenue for 2010 to 2014 includes sales revenue generated by shops and online trading Equity and liabilities Equity Share capital Share premium Retained earnings 50 50 40 40 1,038 830 1,128 920 Non-current liabilities 300 300 Current liabilities Trade payables Тах рayable 455 178 419 152 633 571 Total equity and liabilities 2,061 1,791 Note: Paid in share capital represents 100 million shares of €0.50 each at 31 December 2008 Statement of Changes in Equity Share сapltal Share premium Retained earnings Total € million € million € million € million Balance at 31 December 2007 Profit for the period Dividends paid 50 40 830 416 920 416 208 208 Balance at 31 December 2008 50 40 1,038 1,128
Summary of CeeCee's shops and relevant key statistics
Year ended
31 December 2007
Year ended
Year ended
31 December 2008
31 December 2009
Actual
Latest full year
forecast
Actual
Number of shops:
Start of year
Large
Medium
60
164
300
80
190
100
210
300
Small
300
Total
524
570
610
New shop openings
Large
Medium
20
26
20
10
10
20
Small
Total
46
40
20
End of year
Large
Medium
100
80
190
110
220
210
Small
300
300
300
Total
570
610
630
Average for the year
Large
Medium
Small
70
90
177
300
200
300
105
215
300
Total
547
590
620
Total sales area (all shops)
(square metres)
- end year
568,000
632,000
664,000
- average for the year
532,400
600,000
648,000
Average sales area
(square metres)
973
1017
1045
Average sales revenue
per square metre
4,429
4,500
4,292
| Average gross margin %
59.8%
60.1%
59.1%
Operating profit
(before finance costs and
€m
534
616
634
tax)
Average operating profit %
22.6%
22.8%
22.8%
Transcribed Image Text:Summary of CeeCee's shops and relevant key statistics Year ended 31 December 2007 Year ended Year ended 31 December 2008 31 December 2009 Actual Latest full year forecast Actual Number of shops: Start of year Large Medium 60 164 300 80 190 100 210 300 Small 300 Total 524 570 610 New shop openings Large Medium 20 26 20 10 10 20 Small Total 46 40 20 End of year Large Medium 100 80 190 110 220 210 Small 300 300 300 Total 570 610 630 Average for the year Large Medium Small 70 90 177 300 200 300 105 215 300 Total 547 590 620 Total sales area (all shops) (square metres) - end year 568,000 632,000 664,000 - average for the year 532,400 600,000 648,000 Average sales area (square metres) 973 1017 1045 Average sales revenue per square metre 4,429 4,500 4,292 | Average gross margin % 59.8% 60.1% 59.1% Operating profit (before finance costs and €m 534 616 634 tax) Average operating profit % 22.6% 22.8% 22.8%
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