02 Identify two financial statements a public limited company is legally required to publish each year. [2]

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VCG manufactures high-quality briefcases and travel bags. VCG has 50 skilled production workers in its factory. VCG is planning to expand by building a second factory. Different locations are being considered. The Managing Director is reviewing VCG’s financial statements. An extract is shown in the table below. Both internal and external stakeholder groups of VCG are interested in this information.

Table 2.JPG (19.58 KiB) Viewed 215 times

02 Identify two financial statements a public limited company is legally required to publish each year. [2]

Possible KN Points:
• Income statement (Profit and loss)
• Statement of financial position (Balance sheet)
• Cash-flow statement/statement of cash flows
• Statement of changes in equity