corporate and financial accounting Report 2022

CORPORATE AND
FINANCIAL ACCOUNTING

Abstract
This report brings out an evaluative matter with the help of financial analysis of two huge
corporations that are listed on ASX in the energy sector of Australia. The chosen
organisations are Whiterhaven coal limited and Caltex Australia. The annual reports of both
organisations signify analyses of profitability, which indicates that Whitehaven limited has
been performing better as compared to Caltex in several aspects including solvency because
Catlex is holding 51 percent of debt in the total capital structure whereas, Whitehaven has
been holding 17 percent of total capital structure and management of financing activities and
investment.

Contents
Abstract......................................................................................................................................1
Introduction................................................................................................................................3
Recording of items under “owner equity”.................................................................................4
Explanation of understanding of each equity section................................................................5
Items under liabilities section.....................................................................................................6
Explanation and understanding of each liability item................................................................8
Advantages and disadvantages of every source of fund, which is selected by the company....9
Conclusion................................................................................................................................11
References................................................................................................................................13

Introduction
This report covers elaboration of owner`s equity and its every item accomplished in the
equity section. Further, it covers items of liabilities with clear understanding of its
movements. There is a description of pros and cons of every source of fund decided to invest
in the company. For the second part, there is a critical examination of the concept of small or
large company. This implies the application of three types of organisations in terms of
compliances and the required reporting.
The purpose of the report is to foresee the listed organisations of Australian securities
exchange. While analysing the financial performance of Whitehaven coal limited and Caltex
Australia. The selection is based on same industry, which allow the performance analysis of
both companies on same grounds.
Caltex Australia is among the leading manufacturers and suppliers of several petroleum
products all-over the Australia. The organisation exports varied products to New Zealand and
Singapore. The company is operating since 1900 and it is being headquartered in Sydney.
The company is operating in two major segments such as lytton segment and supply
marketing segment. The main segment deals in selling function of the Caltex products named
as lubricant, fuels, liquefied petroleum gas, diesel oils and many more. Whereas, Lytton
undertakes refining of crude oil in order to convert thr same into the diesel oil and, many
other petroleum products.
Whitehaven involves in development of business in regards to coal mines in Australia, which
is leading Australian corporation. The organisation operating in 1999, which is supplying
coal products to several domestic units and also to the other countries at international level
such as China, Korea, Vietnam, Malaysia, Indonesia, Japan, Taiwan, and Chile (Whitehaven
Coal, 2018b). The company has its two operational segments such as underground operations