JB Hi-Fi Financial Performance Analysis
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This assignment analyzes the financial performance of JB Hi-Fi, an Australian home entertainment retailer. It examines key ratios related to profitability, liquidity, solvency, and market valuation over two years (2016 and 2017). The analysis reveals trends in the company's financial health, highlighting areas of strength and potential concern. Additionally, the assignment explores JB Hi-Fi's future prospects in the home appliance market and its expansion strategy.
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Running head: ACCOUNTING IN BUSINESS
Accounting in Business
Name of the Student
Name of the University
Authors Note
Course ID
Accounting in Business
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1ACCOUNTING IN BUSINESS
Purpose of financial accounting statement:
The general purpose of the financial accounting statement is to give information
regarding the results of the operations, financial position and cash flow of the company. The
information that is stated in the financial statements is to make aware the users of the
financial statements regarding the distribution of the resources. An assertion can be stated
that lenders make use of the entire set of the information in the financials to understand
whether they must extend the credit to the business or limit the sum of credit that has already
extended. The purpose of the financial statement for the investors is to make the use of the
price per share at which they are interested to invest.
The purpose of the financial statements for the government is to tax the business
based on the assets and income and they can generate the information from such financials.
Additionally, a union can base their position of bargaining on the apparent ability of the
business to pay. Therefore, such kind of information can be obtained from the financial
statements. In other words, the financial statements possess number of purposes, depending
upon who the reader is and which financial statement is being perused.
Accounting practices and Revenue Recognition adopted in Jb-Hi-Fi:
The accounting practices adopted for the preparation of the general-purpose financial
statements complies with the “Australian accounting standards” and interpretations that is
issued by the board of the “Australian Accounting Standards and the Corporation Act
2001”. The financial statements of the Jb Hi-Fi comply with the international financial
reporting standards that is issued by the International Accounting Standard Board
(Jbhifi.com.au, 2017). The accounting practices that has been implemented in the preparation
of the fiscal statements is based under the convention of historical cost, excluding the
financial assets and the liabilities combined with the certain classes of plants and equipment’s
Purpose of financial accounting statement:
The general purpose of the financial accounting statement is to give information
regarding the results of the operations, financial position and cash flow of the company. The
information that is stated in the financial statements is to make aware the users of the
financial statements regarding the distribution of the resources. An assertion can be stated
that lenders make use of the entire set of the information in the financials to understand
whether they must extend the credit to the business or limit the sum of credit that has already
extended. The purpose of the financial statement for the investors is to make the use of the
price per share at which they are interested to invest.
The purpose of the financial statements for the government is to tax the business
based on the assets and income and they can generate the information from such financials.
Additionally, a union can base their position of bargaining on the apparent ability of the
business to pay. Therefore, such kind of information can be obtained from the financial
statements. In other words, the financial statements possess number of purposes, depending
upon who the reader is and which financial statement is being perused.
Accounting practices and Revenue Recognition adopted in Jb-Hi-Fi:
The accounting practices adopted for the preparation of the general-purpose financial
statements complies with the “Australian accounting standards” and interpretations that is
issued by the board of the “Australian Accounting Standards and the Corporation Act
2001”. The financial statements of the Jb Hi-Fi comply with the international financial
reporting standards that is issued by the International Accounting Standard Board
(Jbhifi.com.au, 2017). The accounting practices that has been implemented in the preparation
of the fiscal statements is based under the convention of historical cost, excluding the
financial assets and the liabilities combined with the certain classes of plants and equipment’s
2ACCOUNTING IN BUSINESS
that are measured in terms of the fair value. The critical accounting assumptions and
estimations of Jb Hi-Fi is used during the preparation of the financial statements that is
constantly evaluated by the company and take account of the historical experience and other
factors. The accounting assumptions and estimations comprises of the upcoming proceedings
that might create a fiscal effect on the company are considered practical under the current
circumstances.
Jb Hi-Fi measures the revenue based on the fair value of the sum of considerations
that is receivable or received. The sum of amounts that is disclosed in the form of revenue
represents the net amount of returns, amount of trade allowance, repayments and amounts
that is collected by the company on behalf of the third parties. Jb Hi-Fi recognizes revenue at
the time when the sum of proceeds can be measured dependably. It is likely for the company
the future economic welfares would flow in the company and the specific criteria of the
business has been met.
The company bases its estimates in terms of the historical results by taking account of
the type of customers, the type of transactions together with the specific of each
arrangements. Revenue derived from the sales is recognized when the company has
transmitted the purchaser the noteworthy risks and reward associated with the ownership of
goods. On the other hand, when the company acts in the form of agent instead of being
principal in the transaction the revenue recognized represents the net amount of commission
that is made by the company. Revenue that is recognized from the contract of services is
identified by the reference to the share of amenities which is provided in agreement with the
contract. Proceeds derived from the time and physical agreements is identified at the
contractual rates in the form of labour hours delivered and direct expenditure that are
occurred.
that are measured in terms of the fair value. The critical accounting assumptions and
estimations of Jb Hi-Fi is used during the preparation of the financial statements that is
constantly evaluated by the company and take account of the historical experience and other
factors. The accounting assumptions and estimations comprises of the upcoming proceedings
that might create a fiscal effect on the company are considered practical under the current
circumstances.
Jb Hi-Fi measures the revenue based on the fair value of the sum of considerations
that is receivable or received. The sum of amounts that is disclosed in the form of revenue
represents the net amount of returns, amount of trade allowance, repayments and amounts
that is collected by the company on behalf of the third parties. Jb Hi-Fi recognizes revenue at
the time when the sum of proceeds can be measured dependably. It is likely for the company
the future economic welfares would flow in the company and the specific criteria of the
business has been met.
The company bases its estimates in terms of the historical results by taking account of
the type of customers, the type of transactions together with the specific of each
arrangements. Revenue derived from the sales is recognized when the company has
transmitted the purchaser the noteworthy risks and reward associated with the ownership of
goods. On the other hand, when the company acts in the form of agent instead of being
principal in the transaction the revenue recognized represents the net amount of commission
that is made by the company. Revenue that is recognized from the contract of services is
identified by the reference to the share of amenities which is provided in agreement with the
contract. Proceeds derived from the time and physical agreements is identified at the
contractual rates in the form of labour hours delivered and direct expenditure that are
occurred.
3ACCOUNTING IN BUSINESS
Analysis of the annual report using financial tools and ratios:
Profitability ratios:
Profitability ratios is referred as the financial tool that is put into use to assess the
capability of the business to harvest earnings in comparison to the expenditures with other
pertinent commercial cost that is incurred during the period. Considering the return on equity
of Jb-Hi-Fi the business reported a return on equity of 40.68 for the year 2016 and in the
subsequent year of 2017 the business reported the return on equity of 27.4 (Jbhifi.com.au,
2017). This reflects that profit generated on each dollar of common stockholders. The return
on equity of Jb-Hi-Fi is rated second among the other related companies. The return on equity
of provides that how the company effectively manage their money or reinvested. The return
on equity provides the ability of Jb-Hi-Fi to produce profits from its shareholders’
investments in the organization. After adjusting the long term liabilities Jb-Hi-Fi present
holds around 2.77 billion in current valuation by claiming around 40% of the diversified
wholesale and retail industry.
The return on asset reported by the company for the year 2016 stood 16.13 however in
the subsequent year of 2017 it declined to 10.01. The return on assets ratio of Jb-Hi-Fi
represents the net income that is generated from the total assets for the year 2017 in
comparison to the net income to the average total assets. The financial leverage reported by
Jb-Hi-Fi stood 2.45 in the year 2016 and the subsequent year of 2017 the financial leverage
reported by the company stood 2.87. JB Hi-fi reported an asset turnover of 4.19 in the
financial year 2016 but in the year 2017 the asset turnover marginally felled down to 3.27
(Jbhifi.com.au, 2017). This represents that somewhat the measurement of the assets has not
been efficiently managed to generate profit during the financial year 2017. The total asset of
Jb-Hi-Fi represents the amount of current and long term assets that is retained by the firm
during the specified time period.
Analysis of the annual report using financial tools and ratios:
Profitability ratios:
Profitability ratios is referred as the financial tool that is put into use to assess the
capability of the business to harvest earnings in comparison to the expenditures with other
pertinent commercial cost that is incurred during the period. Considering the return on equity
of Jb-Hi-Fi the business reported a return on equity of 40.68 for the year 2016 and in the
subsequent year of 2017 the business reported the return on equity of 27.4 (Jbhifi.com.au,
2017). This reflects that profit generated on each dollar of common stockholders. The return
on equity of Jb-Hi-Fi is rated second among the other related companies. The return on equity
of provides that how the company effectively manage their money or reinvested. The return
on equity provides the ability of Jb-Hi-Fi to produce profits from its shareholders’
investments in the organization. After adjusting the long term liabilities Jb-Hi-Fi present
holds around 2.77 billion in current valuation by claiming around 40% of the diversified
wholesale and retail industry.
The return on asset reported by the company for the year 2016 stood 16.13 however in
the subsequent year of 2017 it declined to 10.01. The return on assets ratio of Jb-Hi-Fi
represents the net income that is generated from the total assets for the year 2017 in
comparison to the net income to the average total assets. The financial leverage reported by
Jb-Hi-Fi stood 2.45 in the year 2016 and the subsequent year of 2017 the financial leverage
reported by the company stood 2.87. JB Hi-fi reported an asset turnover of 4.19 in the
financial year 2016 but in the year 2017 the asset turnover marginally felled down to 3.27
(Jbhifi.com.au, 2017). This represents that somewhat the measurement of the assets has not
been efficiently managed to generate profit during the financial year 2017. The total asset of
Jb-Hi-Fi represents the amount of current and long term assets that is retained by the firm
during the specified time period.
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4ACCOUNTING IN BUSINESS
The assets of the Jb-Hi-Fi are listed on the balance sheet and they are
characteristically valued depending on their purchasing prices and not on the present market
value. The return on asset reported by the company is from the long-term value of the
property and other capital assets which is anticipated to be useable for more than a year. As
the sole purpose of the Jb-Hi-Fi is to produce revenues and generate profit the return on
assets assist the management and investors of Jb-Hi-Fi to gauge into the performance as how
efficiently the company convert its assets in the profits.
The earnings per share reported by the company for the financial year 2016 stood 1.5
however in the following year of 2017 the earnings per share reported by the company
marginally increased to 1.53 (Jbhifi.com.au, 2017). The rise in the earnings per share of the
Jb-Hi-Fi is marginally attributed to the equity settled benefits reserves derived from the grant
of the share options to the executives and the non-executive’s management under the
organizations share options plans.
Profitability Ratios 2016 2017
Return on Equity 40.68 27.4
Return on Assets 16.13 10.01
Financial Leverage 2.45 2.87
Asset Turnover 4.19 3.27
Earnings Per Share 1.5 1.53
Liquidity ratios:
The liquidity ratios represent the ratio between the liquid assets and the liabilities of
the company to measures the ability of the organization to discharge its obligations of debt
(Otley & Emmanuel, 2013). The cash ratio of Jb-Hi-Fi represents the ratio of liquid assets of
the company to its current liabilities. The cash ratio of Jb-Hi-Fi reported for the year 2016
stood 11.61 however the cash ratio of the company marginally declined to 8.219 for the year
2017 (Jbhifi.com.au, 2017). An important consideration in regard to the Jb-Hi-Fi cash ratio is
The assets of the Jb-Hi-Fi are listed on the balance sheet and they are
characteristically valued depending on their purchasing prices and not on the present market
value. The return on asset reported by the company is from the long-term value of the
property and other capital assets which is anticipated to be useable for more than a year. As
the sole purpose of the Jb-Hi-Fi is to produce revenues and generate profit the return on
assets assist the management and investors of Jb-Hi-Fi to gauge into the performance as how
efficiently the company convert its assets in the profits.
The earnings per share reported by the company for the financial year 2016 stood 1.5
however in the following year of 2017 the earnings per share reported by the company
marginally increased to 1.53 (Jbhifi.com.au, 2017). The rise in the earnings per share of the
Jb-Hi-Fi is marginally attributed to the equity settled benefits reserves derived from the grant
of the share options to the executives and the non-executive’s management under the
organizations share options plans.
Profitability Ratios 2016 2017
Return on Equity 40.68 27.4
Return on Assets 16.13 10.01
Financial Leverage 2.45 2.87
Asset Turnover 4.19 3.27
Earnings Per Share 1.5 1.53
Liquidity ratios:
The liquidity ratios represent the ratio between the liquid assets and the liabilities of
the company to measures the ability of the organization to discharge its obligations of debt
(Otley & Emmanuel, 2013). The cash ratio of Jb-Hi-Fi represents the ratio of liquid assets of
the company to its current liabilities. The cash ratio of Jb-Hi-Fi reported for the year 2016
stood 11.61 however the cash ratio of the company marginally declined to 8.219 for the year
2017 (Jbhifi.com.au, 2017). An important consideration in regard to the Jb-Hi-Fi cash ratio is
5ACCOUNTING IN BUSINESS
that cash and cash equivalent comprises of the cash in hand and in bank along with the net
outstanding of the bank overdraft. The cash ratio of the company is rated third in overall
category among the other related companies.
In respect of the profitability ratio, the current ratio reported by the company stood
1.57 for the year 2016 however, in the subsequent year of 2017 the current ratio reported by
the company marginally fell to 1.32. The current ratio of Jb-Hi-Fi is considered to be third
overall in respect of the other related companies under the current liabilities. The current ratio
of Jb-Hi-Fi is rated to be third overall in current ratio group amid the other associated
businesses. Gauging at the current ratio reported by Jb-Hi-Fi, can be stated that the short-term
creditors would generally favour a high current ratio subsequently it lowers their total risk.
However, the investors might prefer a lower current ratio since the investors are more
concerned regarding the growth of the business by using the business assets.
Quick ratio can be defined as the tool to measure how better an organization can meet
the short term financial obligations or liabilities. The quick ratio reported by the company for
the year 2016 stood 0.34 and in the subsequent year of 2017 the quick ratio of Jb Hi-Fi stood
0.30. The cash equivalents of the Jb Hi-Fi represent the current assets which the company
easily convert into the short term bonds, savings account, money market funds or the
certificate of deposits in order to discharge the short term obligations of the company. The
cash and cash equivalents of Jb Hi-Fi is rated third among the other company since the
company creates around 55,151,515 of cash and cash equivalents per quick ratio
(Jbhifi.com.au, 2017).
Under the liquidity ratio Jb Hi-Fi reported a receivables turnover of 44.05 for the year
2016 and in the following year it reported a lower receivable turnover of 38.2 for the year
2017. The decline in the receivables turnover is primarily attributed to the non-impairment of
that cash and cash equivalent comprises of the cash in hand and in bank along with the net
outstanding of the bank overdraft. The cash ratio of the company is rated third in overall
category among the other related companies.
In respect of the profitability ratio, the current ratio reported by the company stood
1.57 for the year 2016 however, in the subsequent year of 2017 the current ratio reported by
the company marginally fell to 1.32. The current ratio of Jb-Hi-Fi is considered to be third
overall in respect of the other related companies under the current liabilities. The current ratio
of Jb-Hi-Fi is rated to be third overall in current ratio group amid the other associated
businesses. Gauging at the current ratio reported by Jb-Hi-Fi, can be stated that the short-term
creditors would generally favour a high current ratio subsequently it lowers their total risk.
However, the investors might prefer a lower current ratio since the investors are more
concerned regarding the growth of the business by using the business assets.
Quick ratio can be defined as the tool to measure how better an organization can meet
the short term financial obligations or liabilities. The quick ratio reported by the company for
the year 2016 stood 0.34 and in the subsequent year of 2017 the quick ratio of Jb Hi-Fi stood
0.30. The cash equivalents of the Jb Hi-Fi represent the current assets which the company
easily convert into the short term bonds, savings account, money market funds or the
certificate of deposits in order to discharge the short term obligations of the company. The
cash and cash equivalents of Jb Hi-Fi is rated third among the other company since the
company creates around 55,151,515 of cash and cash equivalents per quick ratio
(Jbhifi.com.au, 2017).
Under the liquidity ratio Jb Hi-Fi reported a receivables turnover of 44.05 for the year
2016 and in the following year it reported a lower receivable turnover of 38.2 for the year
2017. The decline in the receivables turnover is primarily attributed to the non-impairment of
6ACCOUNTING IN BUSINESS
all the debts of the that are past because on the reporting date the company considered
numerous amounts of its debts to be written off was credited against the other expenditure in
the profit and loss account.
On the other the inventory turnover reported by Jb Hi-Fi stood 6.03 for the year 2016
and in the following year of 2017 the inventory turnover stood 6.25. The inventory reported
by the Jb Hi-Fi are usually stated at lower cost at the net realisable value. Costs are generally
allocated to the separate items of inventory based on the weighted average cost following the
deductions of the rebates and discounts.
Liquidity Ratio 2016 2017
Cash Ratio 11.616 8.219
Current Ratio 1.57 1.32
Quick Ratio 0.34 0.30
Receivables Turnover 44.05 38.2
Inventory Turnover 6.03 6.25
Solvency Ratio:
The solvency ratio represents one of the numerous ratios that is used to assess the
competence of the business to discharge its long term debts. Under the solvency ratio the time
interest earned reported by Jb Hi-Fi for the year 2016 stood 57.48 while in the subsequent
year of 2017 Jb Hi-Fi reported a lower Times Interest Earned ratio of 25.22 (Jbhifi.com.au,
2017). On the other hand, a cash coverage ratio for Jb Hi-Fi stood 1.69 for the year 2016
which subsequently declined to 0.34 in the following year 2017. In order to represent a
sufficient ability of Jb Hi-Fi to pay for its borrowing interest expenditure the ratio was
substantially greater than 1:1 in the year 2016 however it declined to below the ratio of 1:1
with the company reporting 0.34 in the subsequent year of 2017.
Concerning the debt to equity ratio Jb Hi-Fi is considered to be rated second in the
overall category of the debt to equity among the related firms as the company reported a debt
all the debts of the that are past because on the reporting date the company considered
numerous amounts of its debts to be written off was credited against the other expenditure in
the profit and loss account.
On the other the inventory turnover reported by Jb Hi-Fi stood 6.03 for the year 2016
and in the following year of 2017 the inventory turnover stood 6.25. The inventory reported
by the Jb Hi-Fi are usually stated at lower cost at the net realisable value. Costs are generally
allocated to the separate items of inventory based on the weighted average cost following the
deductions of the rebates and discounts.
Liquidity Ratio 2016 2017
Cash Ratio 11.616 8.219
Current Ratio 1.57 1.32
Quick Ratio 0.34 0.30
Receivables Turnover 44.05 38.2
Inventory Turnover 6.03 6.25
Solvency Ratio:
The solvency ratio represents one of the numerous ratios that is used to assess the
competence of the business to discharge its long term debts. Under the solvency ratio the time
interest earned reported by Jb Hi-Fi for the year 2016 stood 57.48 while in the subsequent
year of 2017 Jb Hi-Fi reported a lower Times Interest Earned ratio of 25.22 (Jbhifi.com.au,
2017). On the other hand, a cash coverage ratio for Jb Hi-Fi stood 1.69 for the year 2016
which subsequently declined to 0.34 in the following year 2017. In order to represent a
sufficient ability of Jb Hi-Fi to pay for its borrowing interest expenditure the ratio was
substantially greater than 1:1 in the year 2016 however it declined to below the ratio of 1:1
with the company reporting 0.34 in the subsequent year of 2017.
Concerning the debt to equity ratio Jb Hi-Fi is considered to be rated second in the
overall category of the debt to equity among the related firms as the company reported a debt
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7ACCOUNTING IN BUSINESS
to equity ratio of 1.45 in the year 2016 which subsequently increased marginally to 1.87 in
the year 2017. The increased debt to equity ratio of Jb Hi-Fi is typically reflecting that the
firm has been borrowing aggressively to fund its development and as a consequence of this
the company might shoulder the burden of increased interest expenditure.
Solvency Ratios 2016 2017
Time Interest Earned 57.48 25.22
Cash Coverage Ratio 1.69 0.34
Debt to Equity Ratio 1.45 1.87
Market based ratios:
The market-based ratio is used to assess the present price of share of the organizations
publicly held stock. Jb Hi-Fi is rated in the second position in the overall price to earnings
growth class among the other related companies as the company reported a price to earnings
ratio of 3.95 in the year 2016 and subsequently increases to 1.87 in the year 2017. The growth
can be attributed to the increase in the working capital with improved operations from the use
of existing resources.
Conversely, the dividend yield ratio of Jb Hi-Fi for the year 2016 stood 1.33 and
increased to 1.55 in the subsequent year of 2017 (Jbhifi.com.au, 2017). The dividend declared
by the board represents an increase of 18 cents from the previous year that ultimately resulted
the dividend to stand at 118 cents each share. The growth in the dividend is generally
attributed to the growth of business in order to maximize the returns of the long term
shareholders.
Market Based Ratios 2016 2017
Price/Earnings Ratio 3.95 4.57
Dividend Yeild Ratio 1.33 1.55
to equity ratio of 1.45 in the year 2016 which subsequently increased marginally to 1.87 in
the year 2017. The increased debt to equity ratio of Jb Hi-Fi is typically reflecting that the
firm has been borrowing aggressively to fund its development and as a consequence of this
the company might shoulder the burden of increased interest expenditure.
Solvency Ratios 2016 2017
Time Interest Earned 57.48 25.22
Cash Coverage Ratio 1.69 0.34
Debt to Equity Ratio 1.45 1.87
Market based ratios:
The market-based ratio is used to assess the present price of share of the organizations
publicly held stock. Jb Hi-Fi is rated in the second position in the overall price to earnings
growth class among the other related companies as the company reported a price to earnings
ratio of 3.95 in the year 2016 and subsequently increases to 1.87 in the year 2017. The growth
can be attributed to the increase in the working capital with improved operations from the use
of existing resources.
Conversely, the dividend yield ratio of Jb Hi-Fi for the year 2016 stood 1.33 and
increased to 1.55 in the subsequent year of 2017 (Jbhifi.com.au, 2017). The dividend declared
by the board represents an increase of 18 cents from the previous year that ultimately resulted
the dividend to stand at 118 cents each share. The growth in the dividend is generally
attributed to the growth of business in order to maximize the returns of the long term
shareholders.
Market Based Ratios 2016 2017
Price/Earnings Ratio 3.95 4.57
Dividend Yeild Ratio 1.33 1.55
8ACCOUNTING IN BUSINESS
The study can be concluded by stating the JB Hi-Fi continues to achieve growth and it
is on track of delivering a long-term sales aspiration of around $500 million. The analysis
conducted represented that The growth in the dividend is generally attributed to the growth of
business in order to maximize the returns of the long term shareholders. The analysis
conducted above represented that Jb Hi-Fi has maintained a competitive advantage and it is
focussed on the growing productivity by reducing its expenditure.
Future for JB Hi Fi:
The market of home appliances market in Australia is considered be larger than
several other categories of $4.6 billion in which JB-Hi-Fi operates. Therefore, this presents
the company with the opportunity of leveraging the strength and trust in the brand of the JB-
Hi-Fi. By levering the robust inheritance, the company can foresee its continued expansion in
the products of home appliances and ultimately provides the noteworthy opening for the JB-
HI-Fi in the future market.
In addition to this, the Home store roll-out will enable the company to introduce small
appliances in the existing stores of the company. JB-Hi-Fi sees that the roll-out of the small
appliances in its current network would result in the natural development of the proven home
appliances strategy and the company in the long run anticipates most of its stores to carry its
appliances.
The study can be concluded by stating the JB Hi-Fi continues to achieve growth and it
is on track of delivering a long-term sales aspiration of around $500 million. The analysis
conducted represented that The growth in the dividend is generally attributed to the growth of
business in order to maximize the returns of the long term shareholders. The analysis
conducted above represented that Jb Hi-Fi has maintained a competitive advantage and it is
focussed on the growing productivity by reducing its expenditure.
Future for JB Hi Fi:
The market of home appliances market in Australia is considered be larger than
several other categories of $4.6 billion in which JB-Hi-Fi operates. Therefore, this presents
the company with the opportunity of leveraging the strength and trust in the brand of the JB-
Hi-Fi. By levering the robust inheritance, the company can foresee its continued expansion in
the products of home appliances and ultimately provides the noteworthy opening for the JB-
HI-Fi in the future market.
In addition to this, the Home store roll-out will enable the company to introduce small
appliances in the existing stores of the company. JB-Hi-Fi sees that the roll-out of the small
appliances in its current network would result in the natural development of the proven home
appliances strategy and the company in the long run anticipates most of its stores to carry its
appliances.
9ACCOUNTING IN BUSINESS
Reference List:
JB Hi-Fi | JB Hi-Fi - Australia's Largest Home Entertainment Retailer. (2017). Jbhifi.com.au.
Retrieved 23 October 2017, from https://www.jbhifi.com.au/
Reference List:
JB Hi-Fi | JB Hi-Fi - Australia's Largest Home Entertainment Retailer. (2017). Jbhifi.com.au.
Retrieved 23 October 2017, from https://www.jbhifi.com.au/
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