Review of the Annual Report & Accounts regarding the financial Essay - 1

Review of the Annual Report & Accounts regarding the financial performance of the QE11 for the year ended 31 March 2013 - Essay deterrent exampleThe otherwise part of the report is based on the factors that the QEII should consider when looking for sponsorship so that it remains competitive in the increasing competitive environment. The report is in three parts as discussed below.First, the improvement in the cash electric current position is due to the increase in the operating surplus. QEII generates it revenue from the sale of the rear occupancy, conference activities such as meetings and conferences and from the interest rates from their investments in other companies. The increase in the operating surplus was due to the increased marketing activities. The hefty marketing that the QEII did both at home and abroad bequeath to the whole centre being booked for the Olympic period to host Casa Italia representing the Olympic charge of Italy.Secondly, the increase in trade and other receivables lead to the increase in cash run for to the centre. This was because of the good measures of credit control management which were very impressive during the financial year limiting the exposure to the risk of bad debts for the centre. Therefore, decrease in bad debts means that good amount of cash was received from the accounts receivables which lead to the increase in the cash issue position improvement (Harrison, 2001).The third is the increase in the provisions has lead to the improvement in the cash flow position. A provision is a form of receipt in the cash flow statements and therefore if any provision in center is increased, it increases its cash flow position. Hence the increase in the provisions has lead to the improvements in the cash flow statementThe fourth factor that leads to the improvement in the cash flow position is the decrease in trade and other and other payables due after more than one year. Any decrease in the trade and other accounts paya ble leads to the improvement in the cash flow position as less cash will be paying out. . This ensures that little cash is paid out which