P2 present complex internal business information using three

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P2- PRESENT COMPLEX INTERNAL BUSINESS
INFORMATION USING THREE DIFFERENT
METHODS APPROPRIATE TO THE USER’S NEEDS.

By Amin Azar

FINANCIAL RECORDS FOR JOHN LEWIS.



Gross profit



Net profit



Fixed assets



Current assets



Liabilities



Financial Highlights of John Lewis Performance

Sales
Sales are the activity within a business for the purchases of products and service. This is also the operating revenues that is earned by the company by selling their products or services. Last year, the business was involved in an accounting scandal, and saw the departure of some senior executives. However the retail giant, which has more than 3,300 stores in the UK, had a better Christmas than expected. The sales over the holiday period were down just 0.3 percent on the year before and up 0.1% if fuel sales are included. Overall, comparable sales for the three months to the beginning of January were down by 2.9%.Tesco's chief executive, Dave Lewis, said the firm was "facing the reality of the situation" and was "seeing the benefits of listening to our customers". Revenue

Revenue are the amount of money that the business receives during a specific period which includes the discounts and deductions that are for returned merchandise Revenue is calculated by multiplying the price at which goods or services are sold by the number of units or amount sold. Tesco’s revenue increased from the years 2010 to 2011 from £57,502m to £61,174m. This infers to us that there would be an increase in the corporation's stockholders' equity and its assets. The revenues will increase the retained earnings section of stockholders' equity. The assets that usually increase are cash or accounts receivable. Conversely within the years of 2012 to 2013 the business revenue decreased from £64,541m to £63,967. This indicates to us that the business reduced their pricing. However within 2013 and 2014 there was an increase within the revenue figures from £63,967 to £64,149. Profit

Profit is the money that the business makes after accounting for all the expenses. This is a financial benefit that is realized when the amount of revenue gained from the business activity exceeds the expenses, costs and taxes needed to sustain the activity. Any profit that is gained goes to the business's owners, who may or may not decide to spend it on the business. Tescos Britain’s biggest retailer Shares fell as much as 17 per cent to their lowest in around 14 years as it said trading profits for the year ending February 2015 would not exceed £1.4bn. This is £500m below current market forecasts of £1.9bn.

Debt
Debt is the amount of money borrowed by one person from another. Many corporations and individuals use debt as a method for making large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing individual permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

Within Tesco the debt decreased within the years of 2010 to 2013 from £14.0b to £13.5b because the business is paying off debts owed regularly which results in a positive cash flow. On the other hand the business debt increased within the years 2013 to 2014 from £13.5b to £14.5b. This is for the reason that the business are not paying off the liabilities that are owed.  Pension

A pension is a type of retirement plan, usually tax exempt, where an employer makes contributions toward a pool of funds set aside for an employee's future benefit. The funds is then invested on the employee's behalf, allowing the employee to receive benefits upon retirement.

Philip Clarke and Laurie Mcllwee are members of the Tesco PLC pension scheme, which provides a pension up to two-thirds of base salary on retirement, normally at the age 60, dependent on service. Within the organisation each year’s pension earned before 1 June 2012 will be increased up to a maximum 5%.

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