Corporate Accounting: A Comprehensive Analysis of MMA Offshore Limited's Financial Statements

Corporate Accounting
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Contents
Introduction................................................................................................................................3
Cash Flow Statement..................................................................................................................4
Other Comprehensive Income Statement...................................................................................7
Accounting for Corporate Income Tax......................................................................................8
Conclusion................................................................................................................................10
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Introduction
This article explains the different taxes which are used in corporate. With that the products
that are mentioned in the cash flow are highlighted with that additional comprehensive
income statement items may also be examined. The annual reports are analyzed so that the
monetary position of the organization could be determined. MMA Offshore Limited was
established in 1989 and is listed in Australian Securities Exchange in 1999. It's among
probably the largest service providers of a marine in the Asia Pacific Region. The company
has also attempted to grow the business of it's in the Middle East in 2015. It's more than
thousand folks that are serving to as a diversified in its operations so that the quality of
service may be provided. The statement also depicts the evaluation of the 3 years of cash
flow statement so that the performance of three years could be determined in the competitive
market.
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Cash Flow Statement
I) The products that are mentioned in the cash flow statement of the MMA Offshore Limited
are described according to operating, financing and investing activities.
Operating Activities: These're the activities that provide the majority of cash flows and helps
in determining that whether the business is profitable or perhaps not. The things of the
operating activities are:
Receipt from customers: These're the receipts that are obtained from the clients for the
purchase of the products & services (MMA Offshore Limited, 2018).
Interest Received: This's the quantity of the revenue that is received as interest for the
securities as well as the additional form of the product.
Payment to employees and suppliers: This's the amount that is paid to the suppliers for the
employees and the product for rendering services to the customers (Jones and Rhoades-
Catanach, 2013).
Income Tax received: The income tax that is certainly obtained by the organization as income
so that the transparency can be maintained (MMA Offshore Limited, 2018).
Other cost and interest of finance paid: This's the amount that is paid by the clients for the
cost and the interest of finance.
Investing Activities: The amount that is received as returns for investing in the assets of the
business in which the organization has invested.
Payment for the plant, equipment, and property: The payments that are created by the
organization for purchasing the property, equipment, and plant.
Proceeds from the sale of property, equipment, and plant: These're the amount that is
received as income for the sale of those property, equipment or plant.
Proceeds from the sale of investment: These're the incomes that are obtained by the purchase
of the investments in which the company has invested (MMA Offshore Limited, 2018).
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