Contents

INTRODUCTON

HOW TO READ A FINANCIAL REPORT

A FEW WORDS BEFORE BEGINNING

CONSOLIDATED FINANCIAL STATEMENTS

THE BALANCE SHEET

JUST WHAT DOES THE BALANCE SHEET SHOW?

THE INCOME STATEMENT

ANALYSING THE INCOME STATEMENT

THE STATEMENT OF CHANCES IN SHAREHOLDER'S EQUITY

THE STATEMENT OF CASH FLOWS

ADDITIONAL DISCLOSURES AND AUDIT REPORTS

THE LONG VIEW

SELECTING STOCKS

GLOSSARY OF SELECTED TERMS