Alteraa vs. Angel Report 2022

Corporate and Financial Accounting

Alteraa vs. Angel
Abstract
The operations and the success of a company depends on the sources of funds to a major
extent. In this report, the different sources of funds in relation to Alterra Limited and Angel
Seafoods have been studied. The comparative analysis provides a clear understanding on
the movement of funds and the manner in which the funds are utilized by both the companies.
To conduct this analysis, a time span of 3 years is taken into consideration and the study is
conducted by considering the financial statements and annual report. The second part of the
report deals with entities classification for the purpose of reporting.
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Alteraa vs. Angel
Contents
Introduction.................................................................................................................................3
1. Equity Section.......................................................................................................................3
2. Equity Section – Movements................................................................................................3
3. Liabilities Section..................................................................................................................4
4. Liabilities Section – Movements...........................................................................................4
5. Comparison of the sources of funds....................................................................................6
Part B..........................................................................................................................................7
Critical examination of small proprietary company, large proprietary company and reporting
entity............................................................................................................................................7
Conclusion..................................................................................................................................9
References................................................................................................................................10
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Alteraa vs. Angel
Introduction
Alterra Limited is a company within the industrial sector. It has a focus of tapping the
investments to make a positive impact on society. It is into developing investment-grade
agricultural assets and also the maintenance of the same. It is well known for its carbon forest
sink and is a leading services provider engaged in activities relating to the establishment and
management of carbon-based abatement projects in Australia and New Zealand. Its recent
diversification is into the dairy market (Alteraa Limited, 2018).
Angel Seafood Holdings Limited is an aquaculture company based out if Australia. It focuses
on providing organic, clean, sustainable and green oysters that are sold both domestically
and internationally. It has expanded both geographically and also in terms of infrastructure.
1. Equity Section
The Equity section of Alterra Limited includes Issued Capital, Reserves and Retained
Earnings. Reserves include share-based payment reserve, revaluation reserve, foreign
currency translation reserve (Alteraa Limited, 2018).
The Equity section of Angel Seafood Holdings Limited includes Issued Capital, Reserves and
Retained Earnings (Accumulated Losses).
2. Equity Section – Movements
The movements in the Equity section have been tabulated below:
(in $)
Equity 30 Sep, 2018 30 Sep, 2017 30 Sep, 2016
Issued Capital 14,254,212 14,254,212 13,984,212
Reserves 1,368,285 1,542,582 1,321,433
Retained
Earnings (4,449,011) (4,791,123) (2,752,422)
Total 11,173,486 11,005,671 12,553,223
The Issued Share capital represents fully paid ordinary shares. In 2017, a new share issue
had been made thus adding up to the existing numbers. While the share based payments
reserves has increased, revaluation reserve has decreased and foreign currency translation
reserve has been written back. The changes in revaluation reserves are due to the
movements in the valuation of the listed securities and the movements in the foreign currency
translation reserve is due to the exchange differences arising on the translation of a foreign
subsidiary (Alteraa Limited, 2018). Retained earnings represent the accumulated losses over
the years.
Angel Seafoods Holdings Limited was incorporated on 27 September 2016 and so the data is
tabulated as below:
(in $)
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