IFR

International Financial Reporting

TABLE OF CONTENTS

Introduction1

Overview of Booker group Plc2

History of Bookers Plc2

Ocado Group3

History of Ocado3

Cranswick3

History of Cranwick3

An Overview of the concept of Corporate Governance4

Assessment of Corporate Governance of Booker Plc: A Comparison with Ocado Plc and Cranswick Plc4

Booker group plc Corporate Governance Assessment4

Ocado Plc Corporate Governance Assessment5

Cranswick Plc Corporate Governance Assessment5

Impact of Institutional Ownership on Corporate Governance: An Agency Theory Perspective5

An overview of the UK Whole Sale and Retail Market7

Evaluation of the financial performance of Booker Group Plc: Comparison with Ocado Plc and Cranswick9

Analysis of Financial Leverage of Booker Plc: A comparison with Ocado Plc and Cranswick Plc10

Liquidity analysis of Booker Group Plc: Comparison with Ocado Plc and Cranswick Plc16

Profitability Analysis of Booker Group Plc: Comparison with Ocado Plc and Cranswick Plc22

Summary of Financial Performance Analysis of Bookers Group Plc26

Share Price Performance of Booker Group Plc: A comparison with Ocado and Cranswick26

EPS (Earnings per Share) Analysis26

Price to Earnings Analysis27

Dividend Yield Analysis28

Historical Share Price Analysis30

Limitations of the study31

Conclusions32

References34

International Financial Reporting

Introduction

To make rational decisions concerning the objectives of the company, the financial manager must use certain analytical tools. The purpose of the company is not only the internal control, but also a better understanding of what capital providers look at the financial condition and performance.

The type of analysis varies according to the specific interests of the creditors of the business involved are mainly interested in the liquidity of the company. Their claims or rights are short term, and the ability of a company to pay is best judged by a full analysis of its liquidity. Moreover, the rights of bondholders are long term. For this reason, are more interested in the ability of the cash flows of the company to service the debt in the long term.

Those that invest in common shares of a company are mainly interested in current and future expected profits and stability the same trend and its covariance with the profits of other companies.

In order to more effectively negotiate with obtaining external funding, the administration of a company must be concerned with all aspects of financial analysis, which outside providers of capital used to evaluate the company. Management also uses financial analysis for purposes of internal control. It is particularly concerned with the profitability of investment in various assets of the company and the efficiency with which they are administered. In addition to capital providers and the company itself, various government agencies sometimes used financial analysis. In particular, the regulatory agencies review the rate of return that a company earns on its assets, and the proportion of funds that are not capital employed in the business.

Overview of Booker group Plc

Booker Group (Booker), a cash and carry operator, is engaged in the wholesale of a range of branded and private-label goods to its customers, including independent convenience stores, grocers, leisure outlets, pubs, and restaurants. Its product line comprise a range of branded and own-label grocery, fresh and frozen food, beers, wines, spirits, tobacco and non-food items. Booker primarily operates in the UK, where it is headquartered in Northants and employs ...