Investors Report
Potential Investors Report: Mr. Price Group
The Mr. Price Group is a fast growing retail group that has caught the eye of many investors not only in South Africa but across Africa as a whole. However, its status does not always necessarily mean that it is a good quality investment. Annual Financial Statements are designed to aid investors to make informed decisions about their investment. In this report, I will analyze the Mr. Price Group Annual Financial Statements for the year ended March 2011.The main financial statements I will analyze are Statement of Financial Position, Statement of Comprehensive Income, Statement of Changes in Equity and the Statement of Cash Flows to get useful ratios. Financial Statements are numbers that need to be interpreted into useful information that will highlight the Mr. Price’s financial strengths and areas of financial uncertainties. Mainly we seek to find how much debt there is, how much is the group actually making. However, in order to give a robust analysis we need to look beyond the statements and into the internal and external environment for threats and potential gains.
A brief overview at Mr. Price Group as a whole.
The Group is a retail business consisting of the Apparel (Mr. Price Apparel, Mr. Price Sport & Milady’s) and the Home Chains (Mr. Price Home & Sheet Street). Its operations are in Botswana, Namibia, Lesotho and Swaziland. The entity celebrated its 25th year anniversary in 2011 since it started in 1985. The Apparel chain consists mainly of the entity has a well defined mission statement, “To add value to our customers live and worth to our partners whilst caring for the community and environment.” The Group aims to maintain sustainability which is a core factor known as ‘going concern’ when analyzing an entity for investing. The entity has the vision statement, ‘To be a top performing international retailer to keep it aligned with its long term prosperity goal. They claim passion to be engine that
The Mr. Price Group is a fast growing retail group that has caught the eye of many investors not only in South Africa but across Africa as a whole. However, its status does not always necessarily mean that it is a good quality investment. Annual Financial Statements are designed to aid investors to make informed decisions about their investment. In this report, I will analyze the Mr. Price Group Annual Financial Statements for the year ended March 2011.The main financial statements I will analyze are Statement of Financial Position, Statement of Comprehensive Income, Statement of Changes in Equity and the Statement of Cash Flows to get useful ratios. Financial Statements are numbers that need to be interpreted into useful information that will highlight the Mr. Price’s financial strengths and areas of financial uncertainties. Mainly we seek to find how much debt there is, how much is the group actually making. However, in order to give a robust analysis we need to look beyond the statements and into the internal and external environment for threats and potential gains.
A brief overview at Mr. Price Group as a whole.
The Group is a retail business consisting of the Apparel (Mr. Price Apparel, Mr. Price Sport & Milady’s) and the Home Chains (Mr. Price Home & Sheet Street). Its operations are in Botswana, Namibia, Lesotho and Swaziland. The entity celebrated its 25th year anniversary in 2011 since it started in 1985. The Apparel chain consists mainly of the entity has a well defined mission statement, “To add value to our customers live and worth to our partners whilst caring for the community and environment.” The Group aims to maintain sustainability which is a core factor known as ‘going concern’ when analyzing an entity for investing. The entity has the vision statement, ‘To be a top performing international retailer to keep it aligned with its long term prosperity goal. They claim passion to be engine that