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Corporate Accounting - Sample Assignment PDF

   

Added on  2021-06-14

9 Pages2177 Words38 Views
Finance
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CORPORATEACCOUNTINGSANTOS LIMITEDSTUDENT ID:[Pick the date]
Corporate Accounting - Sample Assignment PDF_1

The company that has been selected for the given task is a company listed in the energyvertical and named Santos Limited.CASH FLOW STATEMENT(i) The operating cash flow changes are highlighted as follows.The various key items are as follows.1)Receipts from Customers – This refers to the cash received from customers in theform of business revenue.2)Pipeline tariff and other receipts – The company has its own pipeline and usage of thesame results in tariff income for the company.3)Payments to suppliers and employees – This is the amount that has actually been paidto the suppliers and employees during the given financial year for offering of rawmaterials and services respectively.4)Exploration and seismic studies- These refer to the cash outflow actually incurred inrelation to the exploration activities undertaken by the company.5)Borrowing cost paid – This refers to the actual interest that has been paid by thecompany for the debts it has taken.6)Income tax paid refers to the amount of money paid to the tax authorities or ATO.The investing cash flow changes are highlighted as follows.
Corporate Accounting - Sample Assignment PDF_2

In this, the most significant component is the payment that the company has made to acquiredifferent types of assets which are necessary for the business operating of the company.Further, the company has also disposed some fixed assets which has resulted in cash inflowto the extent of US$ 145 million in 2917. From the above cash flow from investing, it isapparent that the company is aggressively investing in procuring business assets so as toensure that future growth is secured (Santos, 2017; 2018).The financing cash flow changes are highlighted as follows.One of the items is dividends paid which reflects the dividends paid to shareholders duringthe year. Besides, the two main items are drawdown of borrowing and repayment ofborrowings. Drawdown of borrowings refers to taking incremental debt while repaymentsimply paying back of the outstanding debt. Further, through the issue of shares also,financing needs can be taken care of which are reflected through net proceeds from ordinaryshare issue. It is evident from the cash flow on account of financing activities that thecompany is reducing its debt as a hefty repayment of US$ 2.4 billion has been made in 2017.Also, there is intent to enhance the equity component owing to which in both 2016 and 2017,incremental amount has been raised through equity (Santos, 2018). ii) The broad summary of the three major cash flows is presented in the form of the followingthree year summary.
Corporate Accounting - Sample Assignment PDF_3

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