Financial Management

FIN203 Group-based Assignment

FIN203 Group-based Assignment

Question 1

Use the following Singapore Airlines weblink:

· https://www.singaporeair.com/saar5/pdf/Investor-Relations/Financial Results/SGXNET/sgxann-q4fy2021.pdf

· https://www.singaporeair.com/saar5/pdf/Investor-Relations/Financial Results/presentation/slide-q4fy2021.pdf

to read the Full Year Financial Results for 2019/20 and 2020/21. At the Group level, perform the following:

(a) For each of the categories - Liquidity, Leverage, Asset Management Profitability and Valuation ratios, compute and compare financial ratios (excluding inventory turnover ratio) that are important to investors for both FY 2019/20 and FY 2020/21, then analyse the changes.

(Note: The item Trade Debtors is account receivables; The share price is $5.74 for 1st Mar 2020 and $5.55 for 1st Mar 2021. The total number of shares outstanding is

1,199,851,018 for 2020 and 2,977,543,504 for 2021.)

(35 marks)

(b) Appraise the method of financial ratio analysis in (a) for decision-making.

(10 marks)

SINGAPORE UNIVERSITY OF SOCIAL SCIENCES (SUSS) Page 2 of 4

SINGAPORE UNIVERSITY OF SOCIAL SCIENCES (SUSS) Page 2 of 4