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Analysing cash flows of company in past years 1 2. Analysing cash flows of previous years 3 OTHER COMPREHENSIVE INCOME STATEMENT 4 5. Understanding of each item in income statement of firm

   

Added on  2020-10-05

11 Pages3063 Words426 Views
Corporate Accounting

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1CASH FLOW STATEMENT..........................................................................................................11. Discuss items of cash flow statement of company in past years........................................12. Analysing cash flows of previous years.............................................................................3OTHER COMPREHENSIVE INCOME STATEMENT................................................................43. Discuss items of other comprehensive income statement..................................................44. Understanding of each item in the statement.....................................................................55. Items not recorded in income statement.............................................................................6ACCOUNTING FOR CORPORATE INCOME TAX....................................................................66. Firm's tax expense..............................................................................................................67. Is figure same as company tax rate times of firm's accounting income.............................68. Commenting on deferred tax assets/liabilities....................................................................79. Providing current tax assets or income tax payable reported by firm................................710. Is income tax paid same as income tax expense...............................................................711. Treatment of tax of firm...................................................................................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9

INTRODUCTIONFinancial statements are important documents of company in analysing information ineffective way. Present report deals with analysing financial statements of ASX listed companynamed as Grain Corp Ltd engaged in agribusiness. Financials are effectively assessed and itemsof the same are discussed quite effectually. Evaluation of firm's tax expense and all relevantitems are explained.CASH FLOW STATEMENT1. Discuss items of cash flow statement of company in past yearsCash flow statements are listed below of Grain Corp Ltd which is one of the biggest firmengaged in the agribusiness mainly receiving and storing of food products and satisfyingworldwide customers quite effectually. There are financials such as cash flow statement, balancesheet and income statement which provides company's management and external stockholders toeffectively analyse and take enhanced decisions. Particulars201720162015Receipts4824.14350.54315.5Payments to suppliersand workers-4505.3-4125.7-4006.9318.8224.8308.6Proceeds from bank(stock funding)42.2-49.1Interest attained2.41.32.6Interest paid-41.9-38.4-42.6Income taxes provided-21-32.2-6.6Net cash flow fromoperating activities300.5151.5271.1Payment for Property,Plant and Equipment(PPE)-199.7-268.2-223.61

Making payment forcomputer software-26.5-7.9-12.8Proceeds from sale ofPPE34.84.46.2Proceeds frominvestment sales orbusiness106.6Made InvestmentPayments-35.6-5.9-2.3Dividend attained83.20.2Loans repaid by party19.1Net cash outflow frominvesting activities-37.2-277.6-213.2Proceeds fromborrowings941801.1679.8Loan Repayments-1080.7-696.6-561.8Paid dividend-42.3-22.9-28.6Non-controlling interest(NCI) in period1.5Purchased treasuryshares in year-4.1Net cash flow fromfinancing activities-184.681.689.4Net decrease / (increase)of cash and cashequivalents (CCE)78.7-44.5147.3Opening balance of cash307.6374206.22

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