Analysis and interpretations of companies' financial statements

Analysis and interpretations of companies
Masters
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Finance & Accounting
Pages 8 (2008 words)
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Analysis and interpretation of companies’ financial statements Glaxo Smithkline Beechem Executive summary This paper has analysed the financial results of Glaxo Smithkline Plc (GSK) which has the hoary past of more than two centuries as a pioneer in drugs manufacturing starting with laxative pills…

Introduction

The restructuring the company underwent recently reduced its earnings considerably in 2010. However, the current year’s results shows the company’s return to original profitability position and the investment analysts have no hesitation in recommending a ‘buy or hold’ of the company’s shares. Sl No Particulars ............................................................................................................. Page no Executive summary 1 1 Introduction 3 2 Company History 3 3 Beecham 3 4 Smithkline 4 5 Major Highlights for 2011 6 6 Major restructuring programme 7 7 Commentaries 7 8 Conclusion 9 9 Appendices 10 10 References 13 1 Introduction This paper is meant for examining the financial analysis of a UK’s listed company. The company Glaxo Smithkline Plc (GSK) has been chosen for the purpose. The objective of the study is to determine whether the company is good to invest in. The aims to achieve the objective are: 1) Examine the company’s history; 2) Analyse the company’s financial statement for the past five years; 3) Its performance for the year 2010 to decide on its future prospects. 2 Company history Glaxo Welcome and Smithkline Beechem, the four companies whose histories date back to eighteenth century formally merged in 2000 to become GlaxcoSmithKline Plc (GSK). ...
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