Practise using financial documents to interpret income, assets and liabilities, calculate changes and explain how accounts support business decisions.
Rabanne aims to be the best provider of fragrances for men and women throughout the world. Therefore, it uses a range of methods to make sure it will achieve this aim.
Explain one reason why businesses use statements of comprehensive income when making decisions.
Saha is a small business in Türkiye (formerly known as Turkey) that opened in 2020 with 15 employees. It designs and manufactures robots which are used in hospitals, hotels and restaurants. In hospitals its robots are used to move medical supplies between departments. In hotels and restaurants, the robots are used to welcome customers as they arrive and deliver food and drinks to hotel rooms and restaurant tables. Saha provides a seven day a week customer service for all businesses buying its robots.
Many new businesses are entering the global robot market and are competing for market share. Competitors in Türkiye include NIO, Zoox and Vention.
Saha has ambitious growth plans and has started to design robots that will be used in the home to help people with cleaning, shopping, security and entertainment. It aims to become a multinational business within five years to manufacture robots in all continents of the world.
Figure 1 shows an extract from a statement of comprehensive income in 2023.
Which one of the following is the operating profit in 2023?
Select one answer.
£29000
£79000
£72000
£61000
State one non-current asset that Saha is likely to have.