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22nd October 1996 Interpretation of Accounts for Tasker Lynch plc By Louise Rhodes Company Accountant 1 Terms of Reference As the companys accountant I have been asked by the board of directors to appraise the financial company of my choice The appraisal was requested by the chairman who would like to invest a sum of money on behalf of the employees of Tasker Lynch plc This report has been prepared to analyse the financial performance of The Booker Group the company I am looking into with regards to its worthiness for investment by Tasker Lynch plc and The Nurdin Peacock Group to incorporate the companies profitability efficiency and liquidity for the historical period 1993-1995 and to provide a comparison between the two Bookers financial structure will then be examined and the advantages and disadvantages of the company as a recipient of investment funds will be discussed 2 Procedure To obtain the correct analysis a detailed breakdown of the figures given was necessary comparing various ratios over the three year period to see the progress or otherwise of the companies involved To do this the companies profit and loss accounts and balance sheets were used The financial information relating to the Booker Group has been extracted from the audited accounts for the three financial years end 30th December 1995 The financial information relating to the Nurdin and Peacock Group has been extracted from for 1995 the audited accounts for the fifty two weeks ended 29th December1995 and for 1994 and 1993 the comparative figures shown in the audited accounts for the fifty two weeks ended 29th December and 30th December 1994 respectively See Appendices1 3 Introduction a Background to Booker Booker is a UK based international food group active in three main business areas Food Distribution - cash and carry and delivered wholesale services international cash and carry operations food non-food items and
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