Corporate Accounting: HVA and SGR

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RUNNING HEAD: CORPORATE ACCOUNTING
Corporate Accounting: HVA and SGR

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EXECUTIVE SUMMARY
The purpose of the report is to provide insights regarding the corporate accounting and its
concepts in the businesses. The report analyses the financial statements of the Harvey Norman
Holdings Limited and The star entertainment Group for the year 2015, 2016 and 2017. The
analysis of the annual reports of the companies is accessed for the comparison of Owners Equity,
Cash flow statement and other comprehensive income and Accounting for corporate income tax.
Owners equity consists of share capital, reserves and retained earnings. Owners equity of HVN
and SGR were $2812.907m and $3,275.6m in year 2017 respectively. The cash flow statement
indicates the three main categories of cash flows. it is identified that HVN and SGR have
increased operating cash inflows but due to investments in fixed assets the investing activities
significantly influences the over cash flows. The effective tax rates for HVN and SGR in year
2017 were 29.2 and 30.42%.

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Table of Contents
EXECUTIVE SUMMARY.............................................................................................................2
INTRODUCTION...........................................................................................................................4
OWNERS EQUITY.........................................................................................................................5
CASH FLOWS STATEMENT.......................................................................................................7
OTHER COMPREHENSIVE INCOME.......................................................................................10
ACCOUNTING FOR CORPORATE INCOME TAX.................................................................11
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15

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INTRODUCTION
The report will be prepared for the evaluation of the two public limited companies listed on
Australian stock Exchange (ASX). The companies are operating in the field of property
investments, Lessor of premises to franchise, hotel and other hospitality services. The names of
the companies are Harvey Norman Holdings Limited and The Star Entertainment Group.
Harvey Norman Holdings Ltd. (HVN) is successfully operating in diverse businesses such as
integrated retail, digital and franchise activity, property investments and offering wide range of
retail products through franchise model. The products it is offering are computerized
communications, kitchen appliances and other household items (Harvey Norman Holdings
Limited, 2018). It is also successfully operating in Ireland, New Zealand, Singapore and
Malaysia.
The Star Entertainment Group (SGR) owns several hotels in the name of The Star Gold Coast,
The Star in Sydney, Jupiters hotel and Casino on the Gold Coast. It also manages the Gold Coast
Convention and Exhibition centre (The Star Entertainment Group, 2018). There are several
upcoming projects with the company that will lead to achieve a vision to become Australia’s
leading integrated resort Company.
The report will evaluate the annual reports of both the companies for the year 2015, 2016 and
2017 and will analyse the changes in the owner’s equity, cash flow statement, other
comprehensive income statement and corporate income tax.