Land rider’s annual report of 2011, compared to the previous year’s confirms that the company is indeed making good progress in spite of the disasters that was faced by the company. If we looked at the balance sheet between the latter half of 2008 to the current date in 2011, we can see that the company has had a positive growth trend since the opening of our company.

During Q3 and Q4 of 2011, most of the company’s overall realized financial profit was from Denmark [£5,877,361] cumulatively. Contrastingly, the least profitable country that we invested in was Australia, turning only a net realized profit of [£440,285] cumulatively.

Most of the cost incurred was due to high variable costs and fixed cost of producing the bicycles. Examples of countries with such high costs were Denmark, France and Japan. The rest of the countries had a moderate cost of production. We also had government grants which caused an increase in the company revenues.

Profit per country
Balance sheet 2008-2011
Income statement 2008-2011