Report on Annual Reports of Bellamy's Australian Ltd
11 Pages3111 Words185 Views
Added on 2020-06-06
Report on Annual Reports of Bellamy's Australian Ltd
Added on 2020-06-06
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Corporate Accounting
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................11. Current Financial Predicament faced by Bellamy's Australia limited................................12 Goodwill acquisition and cash position of 2016.................................................................13 Income statement of 2017 in order to determine the impairment test, suspension of CNCAlicence and administrative costs.............................................................................................14 Advising the clients relevant with the decline in the recent share price and share trading halt.................................................................................................................................................3PART 2............................................................................................................................................3ABSTRACT.....................................................................................................................................3INTRODUCTION...........................................................................................................................3LITERATURE REVIEW................................................................................................................4CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
INTRODUCTIONFinancial disclosure or presentation of data set will be beneficial in terms of facilitatingthe suitable information to users of such accounts. In the present report, there will be discussionbased on the annual reports of Bellamy's Australian Ltd. which is relevant with financialstatements of the firm and the current scenario of the firm. This report also contains a criticalanalysis over the Corporate Act, 2001 and the necessities of presenting the financial disclosure.PART 11. Current Financial Predicament faced by Bellamy's Australia limited.In accordance with the current financial scenario of Bellamy's, it can be said that the firmis having increment in the share prices as the suspension of the CNCA license which will befruitful and profitable for the investors and the firm in terms of having surplus returns as well ashaving strong capital structure.2 Goodwill acquisition and cash position of 2016.In accordance with disclosure of the financial statement of Bellamy's Australia Limited inthe year 2016, it consisted of the entire information which are relevant with the operations, gainsand expenditure of the firm (Hombach and Sellhorn, 2017). Therefore, in accordance with theGoodwill acquisition and the cash in hand of the entity will be determined as follows:ParticularsAmount in 2016 ('000)Goodwill or intangible assets1704Cash Position32295In accordance with the balance sheet and the cash flow statements for the year 2016 and2017. There has been information in the disclosure of such elements. Therefore,the goodwill isshown as the intangible asset to the firm so it has been mention in the financial positionstatements and amounted as $1704. The cash balance for the same year is being analysed as32295 after making reduction of all the inflows and outflows.3 Income statement of 2017 in order to determine the impairment test, suspension of CNCAlicence and administrative costs.In terms with Bellamy's operational functioning in the year 2016 and 2017, it can beunderstood as per the below listed consolidated income statement such as:1
Illustration 1: Income statement(Source: Hamilton, 2017)In accordance with the income and expenditure as well as various operational gains andlosses has been resulted into the net loss for the period. Thus, the depreciation and amortisationover the fixed assets of the firm in the year 2017 is analysed as 41,220. The marketing and2
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