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INSTITUTE OF ACCOUNTANCY ARUSHA IN COLLABORATION WITH COVENTRY UNIVERSITY (UK) MASTERS OF BUSINESS ADMINISTRATION AND INFORMATION TECHNOLOGY MANAGEMENT
MODULE NAME: FINANCIAL ANALYSIS FOR MANAGERS
• MODULE CODE: ARUM58EKM

ASSIGNMENT NO1: ANALYSIS OF FINANCIAL STATEMENT
PARTICIPANTS: REG.NUMBER
CHAIRPERSON: HAKIMATO MBA-ITM/00/T.2011
SECRETARY: ALI, OTHMAN MBA-ITM/0078/T.2011

MEMBERS
MHELELA, ALATANGA MBA-ITM/0062/T.2011
KITILLAH, EMMANUEL MBA-ITM/0098/T.2011
SOOD, EDDYNOOR MBA-ITM/0071/T.2011

ABSTRACT
This financial analysis provides a synopsis of the 2007 to 2011 annual reports of Tanzania breweries Limited under SAB Millers. A comparative ratio analysis of financial statement released by the company is carried out with emphasis on profitability, asset management, liquidity, debt management and market value.
The full analysis delves into the company’s detailed financial statement as conveyed on its website. Relevant ratios, formulae and other useful calculations are employed within this analysis to present a comprehensive and precise report. It is paramount to state that this analysis shows a significant percentage increase in the company’s business operations.
The health of the economy is critical for the company success because its products are not primary products; so during a recession, people will rather save money for food rather than buy beers.

• LIST OF ABBREVIATION
IAS – International Accounting Standards
IFRS- International Financial Report Standard
ROE – Return on Equity
SAB - South Africa Breweries
TBL – Tanzania Breweries Limited
Tshs - Tanzanian Shillings
US$ - United State Dollar

• COMPANY BACKGROUND
Tanzania Breweries began as Tanganyika Breweries in 1930. The company was renamed to Tanzania Breweries in 1964, when the

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