FTSE100

 Public limited Company  1884  British multinational retailer  Headquarter: City of Westminster  Selling of  Clothing  Home products  Luxury food products  + 50 countries

(in millions of GBP) ASSETS Cash and short term investments Total Receivables, Net Total Inventory Prepaid expenses Other current assets, total Total current assets1,4551,3691,268 Property, plant & equipment, net5,0315,3695,034 Goodwill, net95 93 Intangibles, net Long term investments31 34 Note receivable – long term Other long term assets Total assets8,1967,9037,611

(in millions of GBP) LIABILITIES Accounts payable Accrued expenses Notes payable/short-term debt000 Current portion long-term debt/capital leases Other current liabilities, total Total current liabilities2,1122,3492,238 Total long term debt1,7461,6551,727 Total debt2,0252,1042,286 Deferred income tax Minority interest(0.80)(0.60)(19) Other liabilities, total Total liabilities4,9975,1965,072

(in millions of GBP) SHAREHOLDERS EQUITY Common stock Additional paid-in capital Retained earnings (accumulated deficit)8,8738,5288,353 Treasury stock-common-- Unrealized gain (loss)-- Other equity, total(6,478)(6,584)(6,533) Total equity3,2002,7072,539 Total liabilities & shareholders’ equity8,1967,9037,611 Total common shares outstanding1,6481,6321,614 Treasury shares – common primary issue

(in millions of GBP) REVENUE AND GROSS PROFIT Total revenue10,31110,31010,027 OPERATING EXPENSES Selling, general and admin. expenses, total 2,7552,7472,647 Total operating expense9,6109,6159,349 Operating income INCOME TAXES, MINORITY INTEREST AND EXTRA ITEMS Net income after taxes, after extra items

 0,6678  = ability to pay short-term and long-term obligations  Current assets / current liabilities  = working capital ratio  < 1: unable to pay off its obligations

 16.47%  Net income / shareholder’s equity  Compare the profitability of a company to other firms in the same industry  15 – 20% = attractive levels of investment quality

 Current ratio: not in good financial health  ≠ bankrupt  Net income decreased in 2015  Turnover: biggest in UK