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Interpretatiion of Next Plc’s accounts.
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INTERPRETATIION OF NEXT PLC'S ACCOUNTS This report focuses on financial analysis of Next plc. Next plc's principle activities are high street retailing, home shopping and customer services management. This report has been prepared on the basis of year 2002 and year 2001's annual report of Next plc. As following, the report analyses Next plc's financial position based on the financial statements and its notes to accounts by using concerned ratios and specific points, such as taxation, trends, and future perspectives. Financial status, cash flow and liquidity In year 2003, both the current ratio and the acid ratio of New look plc looks better than the NEXT.(appendix1) For the current ratio, next is 0.89 and new look is 1.26 in 2003.But that doesn't mean that Next is facing the solvency troubles. In the 2002, next's current ratio is 1.62, however at same time, new look only 1.04. While next's figure somewhat become weaker than...
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