Analysis of Carphone Warehouse Financial Statements Essay

Analysis of Carphone store Financial Statements - Essay Examplemobile work into one single media delivery chain facilitated by the expansion of high speed wireless net income and broadband services worldwide (Pricewaterhousecoopers, 2006). This sunrise(prenominal) economic era changed many industries since it pushed the demand for products for high technical school product such as mobile telephones up since mobile technology became a part of the new integrated supply chain of high tech products. In the United body politic a study player in the communication services industry is The Carphone Warehouse Group. The emphasis of this report is to analyze the fiscal position, performance and prospects of this firm as well as providing a brief analysis of the accounting standards that Carphone Warehouse utilizes in its presentation its financial reports.Carphone Warehouse is the biggest player in the European market in the free-living retailing of mobile phones and related services wi th over 2,200 retail stores across 11 countries (Carphone, 2007). The United Kingdom company established its operation in 1989 whose founder Charles Jones envision a firm that had the potential of ascensive the European market with the implementation of a organic gain example. The organic growth business model is a business or economic philosophy that emphasis on steady constant growth over a prolonged period of time (Moore, 2006). An example of a booming economy that utilized this model to reach constant 10% economic growth for multiple decades is the Chinese economy. Carphone Warehouse change from a small mobile retailer 18 years ago, to a multinational giant in the telecommunication industry that obtain annual sales of 3.99 billion pounds in 2006 (Annual Report Carphone, 2006). The companys strategic focus includes a continued market share growth, value added services, building lifetime customer relationship and increasing productivity and profitability (Carphone, 2007). Th e mobile services industry generated global revenues of approximately 3.32 one thousand million dollars