... are many potential user groups of the financial statement that Matalan produces annually on the 28th February. Firstly employees may take an interest in to the financial performance of the company. Employees need to know whether the company can provide remuneration and possibly retirement benefits. It also gives an idea to the employee, on the management's views regarding employment levels and also job security. The workforce Matalan employs increased by 35% on 2002, now in total around 14,200. Relating to this increase in the amount of people employed is the large increase in the expenditure on wages and salaries. This rose from £87.6m to £119.3m, also an increase of around 35%. Matalan also has an Employee Share Option Scheme in which employees can purchase shares in the company for below the market price. This gives the employees the sense that they are getting more involved with the company and may ...

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