Financial report for a : Channel 4 - Case Study Example

During the year 2005, the revenues have clocked ' 735.2 as compared to ' 710 M in the year 2004, thus registering an increase of around 6 %. It was during this year that the Channel had also enhanced its expenses on programmes to ' 500M. Under the liquidity, the current ratios would be analysed as shown below. A brief analysis keeping in view its performance under industry standards has also been done, in order to assess which areas need to be further reinforced and The Channel 4 follows an extreme conservative and cost controlled oriented approach to financial expenses.

All expenses need to be authorised and due differentiation is made between areas of authorisation of payments and its disbursement. All matters relating to bank signatory is accorded by authorisation signed with bankers. Regular reviews of financial control systems are managed by the Review Committee of the management and audit committees who review controls mechanisms and initiate actions for any variances if and upon their occurrences. "The members have continued to review and improve the effectiveness of the group's system of financial and non-financial controls, including operational and compliance controls, risk management and the group's high level internal control arrangement.

" (Operation and Financial Review. 2005. p