Financial Accounting: Analysis of Amani Gold Limited's Annual Report

Financial Accounting
Financial Accounting
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Financial Accounting
Table of Contents
1. Brief of the Company:..............................................................................................................................3
2. Dominating Section of Annual Report:....................................................................................................3
3. Brief Summary of Directors Report:........................................................................................................4
4. Brief Summary of Independent Auditor’s Report:...................................................................................6
5. Changes in the Revenue:.........................................................................................................................6
6. Changes in cash flow from operating activities:......................................................................................7
7. Changes in the loans & reserves:.............................................................................................................7
8. Key Ratios:...............................................................................................................................................8
Conclusion:..................................................................................................................................................8
References:..................................................................................................................................................9
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Financial Accounting
1. Brief of the Company:
In our report we have selected the company Amani Gold Limited. The company is retail sector
company and mainly engaged in the exploration of precious metals and minerals like gold etc. he
company is situated in Australia and listed on ASX. The company has more than 50 percent
stake in the Giro Gold Project. Main motive of the company is to explore the quality gold. There
are ongoing projects which are a) Giro Gold, b) Kebigada and c) Douze Match. It holds 85
percent stake in the Amani Consultant. The Amani Consultant holds 65 percent shareholding in
the Giro Goldfields sarl. The Giro Goldfields sarl is a DRC registered company. The company
BNP Paribas Nominees Pty Ltd. holds 20.897 percent stake in the company. That has been
reported as the shareholder who holds the highest stake in the company. In addition to that, J P
Morgan Nominees Australia Limited and Luck Winner Investment Limited also hold around 19
percent each shareholding in the company.
2. Dominating Section of Annual Report:
In the Annual Report many sections are there. We can summarise these areas in the below
mentioned points:
 Message from the Chairmen or promotors of the company: In this section chairmen of the
company provide overview over the financial position and financial performance of the
company. He also present his message in regard to the new areas in which company is
expanding his business. He also report over the capital issued by the company to explore
the new opportunities.
 About the company and their products. It should also include bout the review of
operations of the company. In this area, comments over every segment of the company
should be done. Review of operations of the company with regard various project is
addressed by the company. One of the major projects of the company is GIRO GOLD
PROJECT.
 Directors Report in compliance of corporation act.
 A declaration from the Directors for Auditors independence.
 Consolidated Statement of Comprehensive Income i.e. Consolidated Profit & Loss A/c
 Consolidated Statement of Financial Position i.e. Consolidated Balance Sheet
 Consolidated Statement of Changes in Equity
 Consolidated Statement of Cash Flow i.e. Consolidated Cash Flow Statement
 Notes forming parts of the Accounts.
 Declaration from the Directors
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