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Wolseley Accounts Report - Essay Example
Financial statements reflect the financial performance of the company usually in a period of one year. …
This report will analyse the financial performance of Wolseley Group and how the group has performed in the last year or so. The report has been divided into three sections; the first section of the report will discuss and analyse how the group has performed in the last three years, the second section of the report will analyse the financial performance of the company using financial ratios of the year 2010 and 2009. The third section of the report will discusses about one of the items in the current assets of the company’s balance sheet, financial receivables. Section 1: Analysing the performance of Wolseley Group Wolseley Group is the leading trade distributor of heating and plumbing products to different professional contractors. The group operates in 25 countries and has more than 4000 branches around the world with more than 47,000 employees working for the Wolseley Group (Wolseley Group, 2011). The financial crisis has made a huge impact on different industries therefore the industries to which the Wolseley Group has been offering its products were affected as well. The demand of the products had reduced considerably around the world and therefore it influenced the sales of the company negatively. ...