The Consolidated Group - A Review
Added on 2020-10-22
12 Pages2987 Words149 Views
Accounting
Table of ContentsINTRODUCTION................................................................................................................................2MAIN BODY.......................................................................................................................................3PART A.......................................................................................................................................31. Total value of items given below at the year ended 2018.......................................................32. Effect on normal balance of following accounts.....................................................................3PART B.......................................................................................................................................41. Revenue generated from different types by the Consolidated Group.....................................42. Manner in which classification of Group assets has been done..............................................53. Categories listed among the group's equity and ordinary shares at the financial year end with JB................................................................................................................................................6Hi-Fi Limited..............................................................................................................................64. Dividend..................................................................................................................................65. Dividend Payout Ratio for the current year.............................................................................6PART C.......................................................................................................................................71. Subsidiaries of the JB Hi-Fi Group.........................................................................................72. Determining the Value of group's sales revenue for both the current as well as previous year. Percentage change come in sales revenue for current time period.............................................83. Assessing Final profit of the group for current & previous year along with the percentage changes in the profit amount earned after income tax payment..................................................84. Comparing and interpreting the percentage change of group sales revenue with group's final profit............................................................................................................................................95. Total value of inventories in the current and previous year and percentage change come in the inventory levels. Comparison between inventory level change and sales revenue change........96. Determining the profit margin and inventory turnover ratios for the financial year 2018.. .10CONCLUSION...................................................................................................................................11REFERENCES...................................................................................................................................12
INTRODUCTIONAccounting is a term which has been related to the process of recording, analysing, classifying,interpreting and presenting all the information of the financial nature. It is associated with themeasurement, monitoring and communication of both the financial as well as business informationabout any particular business firm to its end users for enabling them to make crucial investmentrelated decision. By following proper accounting standards, a company can present andcommunicate its financial information. With the help of accounting, company is able to depicts itstrue financial and liquidity position. The present report is based on JB Hi-Fi Limited which is aretail company in Australia engaged in business of selling consumer goods. This company is havingits business operations in New Zealand as well. Report will discuss about overall financialperformance of JB Hi-Fi Limited for the year 2018 with the help of financial ratio analysis andfinancial statement.MAIN BODYPART A1. Total value of items given below at the year ended 2018.1.Cash and cash equivalents - $72.0 million 2.Inventories - $891.1 million3.Sales revenue - $6854.3 million4.Other income - $1.1 million5.Plant and Equipment - $198.0 million6.Interest Expense (finance costs) - $16.6 million (JB Hi-Fi Limited Annual report 2018,2018).7.Sales and marketing expense - $695.1 million8.Occupancy expenses - $305.7 million
9.Trade and other payables - $665.3 million10.Borrowings (non-current) – $469.4 million2. Effect on normal balance of following accounts.ParticularsNormal balance of eachaccount must be inSide of the account is affected in order to decrease each itemCash and cash equivalentsDebitCreditInventoriesDebitCreditSales revenueCreditDebitOther incomeCreditDebitPlant and EquipmentDebitCreditInterest Expense (finance costs)DebitCreditSales and marketing expenseDebitCreditOccupancy expensesDebitCreditTrade and other payablesCreditDebitBorrowings (non-current)CreditDebitPART B1. Revenue generated from different types by the Consolidated Group.The overall revenue generated by the consolidated group is from Sales of goods ad products,commissions and by rendering its business services. The amount of revenue generated by JB Hi-Fi Australia during 2018ParticularsFinancial Year2018
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Accounting Study Material: Assessing Total Value in Consolidated Financial Statementslg...
|10
|2837
|76
Financial Investigation Of JB Hi-Fi Limited | Reportlg...
|13
|2912
|248
Financial Analysis of JB HI-FIlg...
|11
|1259
|255
Financial Statement Analysis of JB Hi-Fi Limitedlg...
|13
|3289
|429
Financial Statement - XYZ Imports, Australialg...
|9
|1759
|95
Management Accounting || ACCT20077lg...
|14
|2408
|47