Corporate Accounting Platinum Asset Management Limited (PTM)

Corporate Accounting
Platinum Asset Management
Limited (PTM)

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
1 Discussion based on each item of equity as per the changes in the equity.........................2
2. The Latest tax expenses of PTM in the current annual report...........................................5
3. Analysing the after-tax income of PTM on the basis of current annual report..................6
4. Presence of deferred tax payment in assets and liabilities...............................................10
5. Identifying the current tax assets of PTM as well as discussion based on variations in the
amount of income tax expense and income tax payable......................................................13
6. Analysing the difference of income tax expenses in cash flow statement and income
statement in the current annual report of PTM.....................................................................14
7. Analysing the tax treatment of PTM................................................................................14
CONCLUSION..............................................................................................................................15
REFERENCES..............................................................................................................................16

INTRODUCTION
The relevance of corporate accounting is to analyse the financial statement and making
suitable decisions which will help in enhancing the profitability as well as efficiency of the firm.
In the present report, there will be analysis of the financial statement of Platinum Asset
Management Ltd. There will be discussion over the changes in equity, income statement, balance
sheet as well as cash flow statements of the current disclosure. The report will be helpful in terms
of facilitating adequate commentary over such data set.
1

1 Discussion based on each item of equity as per the changes in the equity
2