Corporate Finance Project Report on CSL Limited and Cochlear Limited

Running Head: Corporate Finance
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Project Report: Corporate Finance

Corporate Finance
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Executive summary
Corporate finance report has been prepared on CSL limited and COCHLEAR
LIMITED in order to identify the uniformity in the annual report of the company. the report
focuses on the recording, presentation, disclosure policies, accounting standards, framework
etc of the companies to measure that whether the proper accounting rules have been followed
by the company or not. After conducting the research on various items of the annual report
and their impact on the financial performance and position of the companies, it has been
concluded that the same rules and procedure are followed by both the companies in order to
give proper information to shareholders and set uniformity.

Corporate Finance
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Contents
Introduction.......................................................................................................................4
CSL limited and COCHLEAR LIMITED........................................................................4
Owner’s equity..................................................................................................................4
1. Items of equity statement.....................................................................................5
2. Comparative analysis...........................................................................................5
Cash flow statement..........................................................................................................6
3. Items in cash flow statement................................................................................6
4. Comparative analysis on broad categories...........................................................8
5. Comparative analysis among the companies.......................................................9
Other comprehensive income statement...........................................................................9
6. Items in comprehensive income statement..........................................................9
7. Reasons for not adding them in profit and loss a/c............................................10
8. Comparative analysis.........................................................................................10
9. Comprehensive income involvement.................................................................11
Accounting for corporate income tax.............................................................................11
10. Tax expenses in financial statement...............................................................11
11. Effective tax rate.............................................................................................12
12. Deferred tax liabilities and assets...................................................................12
13. Changes in deferred tax liabilities and assets................................................13
14. Cash tax amount.............................................................................................13
15. Cash tax rate...................................................................................................14
16. Difference among the cash and book tax rate................................................14
Conclusion......................................................................................................................14

Corporate Finance
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References.......................................................................................................................16