the french group club mditerrane is an active service provider in the leisure and ho 4375731

The French group Club Mditerrane is an active service provider in the leisure and hospitality field with, in particular, its rich network of all-inclusive resort ‘villages’. The statements of income (prepared in accordance with IFRS) for the period 2009–2011 follow (Source: Annual reports 2010 and 2011). E million The 2008 annual report shows that the ‘Revenue – Villages’ amounted to E1,484 millions. Required 1. What is the format of the income statement? Justify your answer. 2. Prepare common-size statements on the basis of the income statement, as published by the company. 3. Restate the income statement and prepare common-size intermediate balances following the format of Figure 16.1. You could search for additional information in the annual reports of the company (http://www.clubmed-corporate.com/?lang=en). 4. Comment on these different statements from the point of view of a decision maker looking at the future. View Solution:
The French group Club M diterran e is an active service provider

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