... Reports of 1995 and 2000. Table 1 reveals that Burns Philp experienced fluctuating financial circumstances during the eleven years documented. The Group's assets show a somewhat steady increase up to and including 1995 then diminish in reported financial worth to 1999 with a slight upward movement in 2000. On the other hand liabilities continually fluctuate throughout the period with net debt reportedly peaking in 1998 at $M 1364.8. However the financial state of the Group slides from 1992 to 1998 indicated by the results of times interest-covered ratio. Although it may be argued that none of this indicates an extremely negative financial situation for the Group, it depicts changes in reported financial state that reflect on management decisions and corporate policies throughout the period. In addition, from 1997 up to and including the year 2000 the Group's number of employees dropped but particularly in the 1997-1998 period. This coincides with a ...

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