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monstrates earnings per share with unit in cents of Lonmin during the period from 2003 to 2007 (Table 2.2)
Table 2.2 Earnings per Share (2003-2007)
Year 2007 2006 2005 2004 2003
Earnings per share (in cents) 205.1 219.5 111.5 88.4 52.5

Source: Lonmin Annual Report 2007

This seems that the company has witnessed a surge in the number of basic earnings per share in the last five years. It was achieved by the efforts of all the suppliers, advisors and customers engaged with Lonmin. Also, the firm planned to continue its development plans and would retain a strong emphasis on cash management and some financial control systems.

2.3 A Detailed Review of the Business Performance Based on the Lonmin Annual Report 2007
2.3.1 Valuation from the Analysis of Financial Statements
2.3.1.1 Profit and Loss Account
This term refers to an account compiled at the end of an accounting period to show gross and net profit or loss. In other words, it is also known as the Income Statement of a company’s Annual Report, and reflects the company’s profit on the sale of their goods or service over a specific period of time, normally one year.

Compared to last year (2006), this company has witnessed an increase in the figure of dividend per share which implies more returns Lonmin gained from its business operations for its sharesholders. Also, considering its profit in the stock market, earnings per share of its outstanding share volumes was experienced a slight downward trend (5.2%) over the specific period from 2006 to 2007. All the data changes showed that although this company has performed better for its stockholders, more values from the stock market were still highly expected.

2.3.1.2 Balance Sheet
Generally, the balance sheet shows the assets and liabilities for the business. On the balance sheet we can see the cash balance at the start and end of the period. For Lonmin, whose current assets are experiencing a significant raise during the two years (2006 & 2007) will easily create cash from those assets within one calendar year. Referring to the total liabilities illustrated from the Annual Report 2007, this is an upward trend of 10.4% between the two years’ figures. This implies that the amount of debts and monies that are owed to the company’s outside creditors, vendors, or banks was increasing and the remaining monies that are owed to shareholders, including retained earnings reinvested in Lonmin’s business was also climbing. According to this point, the existing investors may reinvest in the company and some more potential investors may be attracted by Lonmin.

2.3.1.3 Cash Flow Statement
For the proposed company in this report, according to the cash flow statement in 2007 Annual Report of Lonmin Plc, it seems that the biggest cash out is the investing activities including acquisition of subsidiaries, purchase of intangible assets and property, plant and equipment etc. Furthermore, the cash out of financing activies are much less. For cash in items, it can be seen that in this company starting line, depreciation and other investing cash flow items all exceed $1000 million. Still, non-cash items, changes in working capital, financing cash flow items and insurance of debt also have big cash in. Consequently, it can be evaluated that Lonmin experienced a positive cash stream which can help the company gain more本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。