Creamy Chill Case Study
For over 25 years, we have been known for our nutritious and flavored ice creams which is made to be suitable for people of all health status. In 2015 alone, we have produced and sold over 50,000 ice creams of different …show more content…
Independent Auditors Report
To the Shareholders of Creamy Chill Inc. The consolidated financial statements which we have audited, consists of the consolidated balance sheets as at December 31, 2015, and changes in total equity and cash flows for the years then ended
Management’s Responsibility for the Consolidated Financial Statements
At Creamy Chill, it is the responsibility of the Management team to prepare a fair consolidated financial statement. According to the International Financial Reporting Standards, it is important that the consolidated financial statement of a company must disclose all information concerning the business.
An auditor is responsible for auditing the consolidated financial statement in accordance to the Canadian generally accepted auditing standards. These standards are established to ensure that the consolidated financial statement is fair and that the auditors perform according to ethical requirements and plan.The main purpose of an audit is to disclose all misstatements on the consolidated financial statement despite the …show more content…
This section of the Annual report states briefly the achievements of the company in 2015 and what they plan to do in 2016.
Message from the Chairman
This section summarizes the overall performance of the company in 2015. It states that Maple leaf foods now has a more competitive cost base, higher quality products and powerful brands and how their balance sheet was reconstructed and made stronger. The shareholders were thanked for their investment during the year.
Management’s Discussion and Analysis
Gives a general description of the business taking into consideration what they do as making high quality, innovative products under national brands, the different sections of the business which are Meat Products Group, Agribusiness Group and Bakery Products Group and a financial review showing the increase or decrease of sale throughout the year.
Consolidated Balance Sheet this section shows Maple Leaf foods asset and liabilities for the year 2015 as well as the shareholders equity. It shows the financial position of the company for the year