Analysis of Annual Report 2022

Running head: ANALYSIS OF ANNUAL REPORT
ANALYSIS OF ANNUAL REPORT
Name of Student
Name of University
Author’s Note

1ANALYSIS OF ANNUAL REPORT
Table of Contents
ANALYSIS OF THE CORPORATE SOCIAL RESPONSIBILITY............................2
Accounting Practices of the Companies........................................................................3
Dampier Gold Limited...............................................................................................3
Dark Horse Limited....................................................................................................3
Dacian Gold Limited..................................................................................................4
Devine Limited...........................................................................................................4
Dexus Limited............................................................................................................4
Key Findings..................................................................................................................4
CONCLUSION..............................................................................................................5
Referencing....................................................................................................................6

2ANALYSIS OF ANNUAL REPORT
ANALYSIS OF THE CORPORATE SOCIAL RESPONSIBILITY
As per the analysis of the company’s annual report, it can be seen that Dark Horse
Limited tends to indulge themselves in the social responsibilities. Dark Horse Limited usually
looks after the employment of the locals, relations with the community and also the
sustainable development in Argentina. The company also very cautious about the
environment and hence developed many practices (Galant and Cadez 2017). These practices
allow the company to reach the general mass. The company are also focused on improving
the work environment, so that the employees of the companies can work in safe and healthy
environment. The company assists the employees in training. Dark Horse Limited rehabilitate
the land so that sustainability of the land remains intact (Doda et al. 2016). The company
follows a very strict objective about the health and safety of the employees. The company
usually priories the health and safety of the employees over any business objective. To
maintain the safe and healthy environment in the workplace, Dark Horse Limited conduct
continuous check the quality of the equipment (Doda et al. 2016).
After analysing the yearly financial report of Dexus Limited, it is seen that the
organization is trying to improve the condition of workplace. The company creates better
workplace for the employees. The company also indulges themselves in innovation and
collaboration. The company also assists for searching the ideal workplace (Doda et al. 2016).
The company also conducts the workshop so that the knowledge can be imparted to the local
mass (Galant and Cadez 2017).
Dampier Gold Limited and Devine Limited are also uses their profits for the corporate
social responsibility (Doda et al. 2016). This companies not only strive to increase the quality
of the workplace but it also strives to maintain the environment safe by using less harmful
items. As both the companies are in expansion mode, so the companies tend to develop both

3ANALYSIS OF ANNUAL REPORT
employees and the working condition of the company (Grossi et al, 2014). Both the
companies conduct training session for their employees, so that their employees remain
updated (Galant and Cadez 2017).
Accounting Practices of the Companies
Dampier Gold Limited
The financial report of the company who are listed with ASX, need to follow the rules
mentioned in Australian Accounting Standard Board (AASB). The ASX listed companies
also need to follow the regulations mentioned in the Corporation Act, 2001. The Australian
Accounting Standard Board states that the policies are required for making the financial
report of the company. As per Australian Accounting Standard Board the companies need to
provide details regarding the transactions, conditions and events. Australian Accounting
Standard states that books of accounts of the company and the notes need to comply with the
International Financial Reporting Standards (Grossi et al, 2014). Dampier Gold Limited
created the yearly financial report of the company after following the policies mentioned by
the AASB and Corporation Act, 2001. The company also has implemented the new
regulations that are implemented by AASB.
Dark Horse Limited
Dark Horse Limited followed the rules and regulations mentioned by the Australian
Accounting Standard Board and Corporation Act, 2001 to create the financial statements and
annual report of the company (Doda et al. 2016). The company also followed the rules
mentioned by the International Financial Reporting Standard for creating the annual report of
the company. The Group even reviewed the going concerns after implementing new
strategies and funding opportunities (Navarro‐García and Madrid‐Guijarro 2014). The
company realise the assets and liabilities using the policies mentioned in the Australian

4ANALYSIS OF ANNUAL REPORT
Accounting Standard Board (Guthrie, Evans and Burritt 2014). The Group has also adopted
the accounting standard like AASB 2016-1, AASB 2016-2, AASB 2017-2, AASB 9, AASB
15 and AASB 16. This standard deals with recognition of the deferred tax, disclosures of the
financial amount, financial instruments need to be highlighted, revenue from contracts and
leases (Doda et al. 2016).
Dacian Gold Limited
Dacian Gold Limited abides the rules and regulations of Australian Accounting
Standard Board (AASB) and Corporation Act, 2001. This company formulates the financial
statements of the company on the basis of historical cost (Guthrie, Evans and Burritt 2014).
The companies follow fair value when the sale investments and derivative financial
instruments. The cost also calculates on the basis of fair values.
Devine Limited
The financial statements of Devine Limited are created based on the Australian
Accounting Standard Board (AASB) and Corporation Act, 2001. The companies also
provided consolidated financial statements in Australian dollars. The financial statements of
the company are prepared depending on the historical cost convention. The revaluation has
been done on the financial assets and financial liabilities. The company has used fair value
for derivative instruments (Guthrie, Evans and Burritt 2014). The company also prepared the
financial statements based on the going concern of the company. Thus, the assets and
liabilities are realised based on the going concern.
Dexus Limited
Dexus Limited also follows the rules and regulations of the AASB, IFRS and even
Corporation Act, 2001. The company prepares the books of accounts based on the going
concern and the historical cost (Doda et al. 2016).

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6ANALYSIS OF ANNUAL REPORT
COMPANY
NAME
SUSTAINABILITY CORPORATE
SOCIAL
RESPONSIBILITY
ETHICS
DACIAN GOLD
LIMITED
The company holds
a considerable
amount of market
share in the
Australian gold
industry. To
maintain its
sustainability the
company strength its
going concern. The
company also
forecast its annual
report for
maintaining the
shareholder’s
interest.
The company is very
cautious about the
environment. The
company takes
serious measure
regarding the
workplace of the
employees.
After analysing the
yearly financial
report of the
company, it can be
determined that
organization created
the financial
statements after
considering the rules
and regulations
mentioned in the
Australian
Accounting
Standard Board and
Corporation Act,
2001.
DAMPIER GOLD
LIMITED
The company
similarly like Dacian
Gold Limited
maintains the
sustainability by
strengthen the going
concern of the
company.
The company does
not release any news
feed or does not
publish anything
regarding corporate
social responsibility
in its annual report.
The company
publishes the annual
report after
following the rules
and regulations
mentioned in the
International
Financial Reporting
Standard.
DARK HORSE
LIMITED
Dark Horse Limited
implements the new
strategies for
increasing the
profitability. The
company also
implements new
policies for
increasing the
corporate
governance of the
company and the
shareholder’s
interest. Thus, these
implemented
strategies of the
company will assist
the company to
The company trains
its employees for
their betterment. The
company also looks
after the
employment,
relations with the
community and even
increase the
sustainability of the
land in Argentina.
The company
follows the
standards of the
Australian
Accounting
Standard Board for
creating the financial
statements. The
publish the annual
report after maintain
the rules and
regulations
mentioned in the
International
Financial Reporting
Standard.

7ANALYSIS OF ANNUAL REPORT
maintain its
sustainability in the
industry.
DEVINE
LIMITED
The company enjoys
one of the top
positions in the
industry and
moreover, the
company likes to
establishes new
strategy for
increasing the
sustainability and
profitability of the
company.
The company does
not release any news
feed or does not
publish anything
regarding corporate
social responsibility
in its annual report.
The company not
only trails the
regulations and rules
cited in Corporation
Act,2001 and
Australian
Accounting
Standard Board but
it also follows the
rules and regulations
mentioned in the
International
Financial Reporting
Standard.
DEXUS LIMITED The company
focuses more on the
profitability than the
profitability rather
than the corporate
governance. Thus,
the company
maintains its
sustainability only
depending on the
profitability of the
company.
The company
completes its social
responsibility by
increasing the safety
in the workplace.
The company
increases the
workplace
environment for the
employees.
The company
publishes the annual
report after
following the rules
and regulations
mentioned in the
International
Financial Reporting
Standard.

8ANALYSIS OF ANNUAL REPORT
Key Findings
As per the above findings it can be observed that the companies, which are listed in
ASX, follows the rules and regulations of the Australian Accounting Standard Board and
International Financial Reporting Standard (Jiz et al, 2014). The companies mainly follow the
historical cost while preparing the books of accounts of the company. The fair values are
followed in some of the part of the consolidated financial statements of the company. The
companies also started to implement the new standards in the books of accounts of the
company. The new standard like AASB 15 that deals with lease.
It is also observed that the companies who are listed with ASX mainly create the
financial statements after considering the going concern of the company (Jiz et al, 2014). This
is the reason the companies in Australia have good records as going concern of the company
is concerned.
The chosen companies mainly revalue the financial assets and financial liabilities
based on the historical cost and fair value cost (Jiz et al, 2014). Thus, the financial statements
of the company can easily safeguard the shareholder’s interests.
The importance of the ethics in the yearly financial report of the company is immense.
It helps to gain the trust of the shareholders, avoid regulatory investigations and the stock
price volatility can be avoided. The company social responsibilities assist the company to
engage customers, to increase the competitive advantage and also to attract new investors for
the company. The sustainability of the company assists the company to manage the risk,
increases the savings of the company; it increases the decision making process and also help
the company to gain trust.

9ANALYSIS OF ANNUAL REPORT
CONCLUSION
It can be concluded that the importance of the accounting policies in formulating the
financial statements is immense. The accounting policies of the company also determines the
corporate social responsibility (Kansal, Joshi and Batra 2014). Australian listed companies do
not follow any kind of different accounting policies but the policies mentioned in Australian
Accounting Standard Board and Corporation Act, 2001 provides importance for the corporate
social responsibilities (Galant and Cadez 2017). The representation of the annual report of
Australian listed companies are mainly depends on the policies mentioned by International
Financial Reporting Standard (IFRS). According to International Financial Reporting
Standard (IFRS) the companies need to represent the sustainability report (Kansal, Joshi and
Batra 2014). The sustainability report will display the information regarding the sustainability
of the company in the industry. The sustainability report also needs to display the corporate
social activity (Galant and Cadez 2017). The company need to provide the transactions made
during the corporate social responsibilities’ activity. Thus, the policies enable the companies
to maintain and display the transactions in the sustainability report.

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Referencing
Camfferman, K. and Zeff, S.A., 2015. Aiming for global accounting standards: the International
Accounting Standards Board, 2001-2011. Oxford University Press, USA.
Doda, B., Gennaioli, C., Gouldson, A., Grover, D. and Sullivan, R., 2016. Are corporate
carbon management practices reducing corporate carbon emissions?. Corporate Social
Responsibility and Environmental Management, 23(5), pp.257-270.
Galant, A. and Cadez, S., 2017. Corporate social responsibility and financial performance
relationship: a review of measurement approaches. Economic research-Ekonomska
istraživanja, 30(1), pp.676-693.
Grossi, G., Steccolini, I., Biondi, L. and Lapsley, I., 2014. Accounting, transparency and
governance: the heritage assets problem. Qualitative Research in Accounting & Management.
Guthrie, J., Evans, E. and Burritt, R., 2014. Australian accounting academics: challenges and
possibilities. Meditari Accountancy Research, 22(1), pp.20-37.
Jizi, M.I., Salama, A., Dixon, R. and Stratling, R., 2014. Corporate governance and corporate
social responsibility disclosure: Evidence from the US ban
Kansal, M., Joshi, M. and Batra, G.S., 2014. Determinants of corporate social responsibility
disclosures: Evidence from India. Advances in Accounting, 30(1), pp.217-229.
king sector. Journal of business ethics, 125(4), pp.601-615.
Navarro‐García, J.C. and Madrid‐Guijarro, A., 2014. The influence of improvements in
accounting standards on earnings management: The case of IFRS. Australian Accounting
Review, 24(2), pp.154-170.
Stuebs, M. and Sun, L., 2015. Corporate governance and social responsibility. International
Journal of Law and Management, 57(1), pp.38-52.

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