10. Read and take into account the following information for the topic:

The Profit and Loss Account

A profit and loss account is a statement of the cash (the money) available to a company to continue its operations. The information in a profit and loss account helps managers to make decisions in running the company. A profit and loss account tells shareholders how well the company is performing and how well their investment in that company is working for them.

Information for Managers

Turnover shows managers the total sum of money coming into the company and if the company is generating more or less cash. Operating profit shows how much money the company is making after paying for its production costs. This tells managers how efficiently they are running the company.

Information for Shareholders

Earnings per share show shareholders how much they are earning on their investments. In this case earnings per share is increasing.

11. Discuss the following questions:

1. Are companies in your country required to publish their financial results? Do you think this is good practice or not?

2. Do you own any shares in a company? Which companies in your country offer a safe investment to shareholders?

3. Are interest rates high or low in your country? Is this good for investors? Is it good for the economy?

4. Who sets interest rates in your country? Government or the Central Bank?

5. Many British pop stars move to other countries to avoid paying high taxes or they put their money in offshore accounts. Which country nearest to yours offers tax-free, offshore accounts? Do you think offshore accounts are a good idea? Why/Why not?

12. Look at the pie chart which shows the average weekly expenditure of a British person:

1. What percentage of their weekly budget does the average Briton spend on:

1. housing, transport, household goods and services?

2. leisure goods and services, tobacoo?

3. food and drink, clothing and footwear?

2. Make your own pie chart showing your weekly expenditure.

7. Завдання до другого модуля до практичних занять № 20,21,22 на тему «Гроші».

Money

1. Learn the new vocabulary to the topic:

the means of payment	засіб оплати
medium of exchange	засіб обігу
a standard of value	міра вартості
a unit of account	одиниця обліку
a store of value	засіб заощадження (збереження стоімості)
a standard of deferred payment	засіб погашення довга
subsequently	згодом
a barter economy	бартерна економіка
to swap (to exchange, to barter)	обмінювати, міняти
to hand over in exchange	передати, вручити в обмін
a double coincidence of wants	подвійний збіг потреб
a monetary unit	грошова одиниця
to remind of	нагадувати
to be worthless	знецінюватися
an interest-bearing bank ac­count	рахунок в банці з виплатою відсотків
to pay interest	виплачувати відсотковий прибуток
to erode	зд. фактично зменшуватися
hard currency	тверда (вільно конвертована) валюта
soft currency	неконвертована валюта
invariably	незмінно, постійно
commodity money	товарні гроші
token money	символічні гроші (грошові знаки, жетони, та ін.)
to melt down	розплавити
tiny costs	мізерні витрати
to supplement	доповнювати
legal tender	законний платіжний засіб
IOU money	(I Owe You-я вам винен) гроші — боргове зобов'язання
a bank deposit	банковий депозит, внесок в банці
mutually	обопільно, взаємно