Assignment:
The Sultan Center (TSC)
The Sultan Center (TSC) is an organization based in Kuwait founded in 1976, incorporating a diverse range of products and services, mainly acknowledged for its retail business.
You can download the 2016 annual report for The Sultan Center (TSC) directly from the following web page:
https://corporate.sultan-center.com/investor-relations/annual-financial-reports/
Instructions:
Use the annual report to answer the following questions:
1- What are the standards and requirements that govern the preparation of the consolidated financial statements 2016?
2- The Sultan Center (TSC) is a Kuwaiti Public Shareholding Company (the Parent Company), what is the principal activities of the Parent Company and its subsidiaries?
3- What is the responsibility of the independent auditors, and what are the standards that govern their audit?
4- What are the total assets of The Sultan Center at December 31, 2016 and at December 31, 2015? Write The Sultan Center's accounting equation at December 31, 2016 & December 31, 2015, by filling "Assets=Liabilities + Stockholders' Equity".
5- Identify total Revenue for the years 2016 and 2015.
6- Identify Net Profit (Loss) attributable to shareholders of the parent company for the years 2016 and 2015.
7- Compute The Sultan Center's current ratio at December 31, 2016 and December 31, 2015.
8- Compute the debt ratio for The Sultan Center as of December 31 2016 and December 31, 2015.