Analysis of financial statement of two ASX registered

CORPORATE
ACCOUNTING

Abstract
The report brings out a discussion on analysis of financial statement of two ASX registered.
The organisations include Whitehaven Coal Limited and Caltex Australia. The financial
statements of both the organisations have been performing well. Caltex Australia and
Whitehaven Coal limited include management of investing and financing activities. On the
basis of Caltex Australia and Whitehaven Coal annual reports, it is seen that solvency of
Caltex is 51 percent debt in its capital structure. On the other hand, Whitehaven holds 17
percent of total capital structure.

Contents
Abstract......................................................................................................................................1
Different sources of fund...........................................................................................................3
Evolution of sources used over three financial years with focus on changes............................3
Merits of different source of funds.............................................................................................3
Examination of various types of liabilities.................................................................................3
AASB 137 “Provisions, contingent Assets, and liabilities”.......................................................3
Different categories of assets.....................................................................................................3
Evaluate measurement basis for class of assets.........................................................................3
Conclusion..................................................................................................................................3

Introduction
To discuss and evaluate the financial statements, two ASX registered organisations have been
selected. Organisations include Whitehaven Coal limited and Caltex Australia.
Caltex limited is one of the major leading producer and supplier of the petroleum in
Australia. The organisation exports the items to New Zealand and Singapore. Caltex is the
operations since 1900 and it is headquartered in Australia. It has been operating through two
main segments such as marketing segment, Lytton segment, and supply segment. Former
segment undertakes several selling function of Caltex products including diesel oils,
speciality items, liquefied petroleum gas, lubricant fuel. Furthermore, Lytton segment
undertakes one of the major function “refining” in regards to the crude oil with an aim to
convert it into petroleum items.
Whitehaven coal limited is Australian corporation in the energy sector headquartered in
Australia. It has been engaged in business of development of coal, mines in New South
Wales in Australia. Organisation started in 1999 and currently it supplies coal products to
several coal products to several domestic units with various different foreign nations such as
Taiwan, Indonesia, Chile, Vietnam, India, and Philippines. Whitehaven limited operates the
business in two segments, which includes underground operations and Cut operations. The
organisations own six mines in South North West Wales. It offers thermal coal and
metallurgical coal items.
With an aim to assess financial data of Whitehaven limited and Caltex limited, it is seen that
there are several aspects of financial statements to compare it on the basis of different sources
of fund such as equity and debt. Evolution of several sources of funds for the last three years
2017, 2018 and 2019.