List of Directors of JB HiFi

Answer 3:
List of three main directors of JB HiFi as provided in the annual report of year 2018:
1. Mr. Greg Richards: He holds the position of Chairman and he fall in under the category
of Non-Executive Directors. Mr. Greg is an active member at the remuneration
committee and holds position of chairman in the Audit and risk management committee.
He has experience of more than 25 years in investment banking industry.
2. Mr. Stephen Goddard: He falls under the category of Non-Executive Director and he is
the active member in Audit and Risk Management Committee. Mr. Stephen has
experience of more than 30 years in retail industry as the senior executive position in
most of the retails companies of Australia.
3. Mr. Richard Murray: He is currently the Chief Executive Officer and executive
director at JB HiFi. Mr. Murray has been appointed as the executive director in June 2012
and became CEO on 1 July, 2014. He has experience of 10 years as a financial officer in
Deloitte and as a CFO in JB HiFi for more than 10 years (Annual Report, 2018).
Brief Summary of Director’s Report
Director’s report contains important information on the business activities that has been
carried out during the reporting period and has been related with the board of directors.
Information such as operating and financial review, principal activity of the business, changes in
state of affairs, future development, subsequent events, regulations and control on environment,
and report on dividends (Arnold, 2013). In addition to this director report contains information
on director’s meeting during the reporting period along with the directors’ shareholdings of each
of the director (Damodaran, 2011). Director’s report also disclosed detailed information on the
remuneration of executives and board of directors paid during the reporting period. It helps to
understand the performance of directors with respect to the company performance as
remuneration is dependent upon the financial performance. Director’s report has also information
on the non-audit services that has been taken up the directors of the company to assist the
auditors in various projects (Moles and Kidwekk, 2011). As these non audit services must be
independent to keep up the requirement of auditor’s independence (Brigham and Michael, 2013).
Director’s report has disclosed detailed information on the operating and financial performance
during the year 2018 and any change with respect to year 2017 (Schlichting, 2013). As per the
director’s report total sales of the company has been increased from $ 5628 million in year 2017
to $ 6854 million in year 2018 reflecting increase of 21.8% in the current period. The increase in
sales has helped the management at JB HiFi to attain the profit of $ 233.2 million in year 2018
reflecting an increase of 9.2 % in present with respect to previous period (Annual Report, 2018)
Answer 6:
Cash flow operating activity