Business Report
Introduction
Aim
We have been commissioned to write a business report comparing and criticising the Financial Analysis and Interpretation of both Financial position and performance of two publicly listed companies. From the list provided I have chosen Skellerup Holdings Limited and Fisher and Paykel Healthcare Corporation Limited both New Zealand listed companies.
Limitations & Problems
From our mandate it is not clear whether we should concentrate on performance only from requirement 2 of the mandate. I also had difficulty in outlining the future view of the company. I did not know whether this meant a projected or forecasted accounts for the next three years. The requirement may have been a forecast of ratio analysis. In the end I made common sized Income statements and projection for the next three years. My projections were based on growth of revenue from 2010 to 2011, with everything remaining the same as a percentage of sales. We do not know if the ratios are adequate in terms of the industry average and we have avoided this for word limit’s sake.

Discussion
Overview
Fisher and Paykel Healthcare is a leading designer, manufacturer and marketer of products and systems for use in respiratory and acute care and treatment of Obstructive Sleep Apnea. It markets in 120 countries through distributors and direct sales office. It entered the respiratory care market in 1971. Business Activities for F&P Healthcare
The Respiratory & Acute Care involves the production of a broad range of heated humidification products and systems for use during the treatment of respiratory conditions by ventilation or oxygen therapy. Respiratory devices are designed to overcome many of the challenges of effectively creating, controlling and delivering gases to a patient's airway at close to physiologically normal levels of temperature and humidity.