Metka's Financial Analysis
1/9/2013
Critical Analysis of Financial Performance
METKA S.A. 2007-2011
Group Project for ‘Accounting & Financial Reporting’ course
Professor: Mr. Apostolos Ballas
Project Team
Karathanos Panos
Korovesis Loukianos
Moutsiou Elpida
Polydoros Nikos
PT 15 YEAR 2013-2014, ATHENS 07/01/2013
TABLE OF CONTENTS
1. COMPANY’S PROFILE AND HISTORY ...................................................................... 2
2. INTERPRETING ACCOUNTING INFORMATION ........................................................ 8
3. REPORTING & INTERPRETING SALES REVENUE, RECEIVABLES AND CASH ..............13
4. REPORTING & INTERPRETING COST OF GOODS SOLD AND INVENTORY.................15
5. PROPERTY, PLANT & EQUIPMENT ........................................................................18
6. REPORTING & INTERPRETING LIABILITIES .............................................................21
7. REPORTING & INTERPRETING OWNERS’ EQUITY ...................................................24
8. STATEMENT OF CASH FLOWS ...............................................................................25
9. FINANCIAL RATIOS ANALYSIS 2007 – 2011 ............................................................26
10. CONCLUSIONS ....................................................................................................35
11. REFERENCES .......................................................................................................36
12. ANNEX: FINANCIAL STATEMENTS ........................................................................36
1
1. Company’s Profile and History
METKA, from its establishment in 1962 in Nea Ionia, Volos in Central Greece, has followed a steady path of growth, with particularly dynamic development in recent years. METKA’s manufacturing plant for metal constructions commenced operation in 1964 and in 1973 the company was listed on the Athens S tock Exchange. In 1980
METKA absorbed the technical contracting firm TECHNOM S.A.,
Critical Analysis of Financial Performance
METKA S.A. 2007-2011
Group Project for ‘Accounting & Financial Reporting’ course
Professor: Mr. Apostolos Ballas
Project Team
Karathanos Panos
Korovesis Loukianos
Moutsiou Elpida
Polydoros Nikos
PT 15 YEAR 2013-2014, ATHENS 07/01/2013
TABLE OF CONTENTS
1. COMPANY’S PROFILE AND HISTORY ...................................................................... 2
2. INTERPRETING ACCOUNTING INFORMATION ........................................................ 8
3. REPORTING & INTERPRETING SALES REVENUE, RECEIVABLES AND CASH ..............13
4. REPORTING & INTERPRETING COST OF GOODS SOLD AND INVENTORY.................15
5. PROPERTY, PLANT & EQUIPMENT ........................................................................18
6. REPORTING & INTERPRETING LIABILITIES .............................................................21
7. REPORTING & INTERPRETING OWNERS’ EQUITY ...................................................24
8. STATEMENT OF CASH FLOWS ...............................................................................25
9. FINANCIAL RATIOS ANALYSIS 2007 – 2011 ............................................................26
10. CONCLUSIONS ....................................................................................................35
11. REFERENCES .......................................................................................................36
12. ANNEX: FINANCIAL STATEMENTS ........................................................................36
1
1. Company’s Profile and History
METKA, from its establishment in 1962 in Nea Ionia, Volos in Central Greece, has followed a steady path of growth, with particularly dynamic development in recent years. METKA’s manufacturing plant for metal constructions commenced operation in 1964 and in 1973 the company was listed on the Athens S tock Exchange. In 1980
METKA absorbed the technical contracting firm TECHNOM S.A.,