Assignments | Financial Accounting

FINANCIAL ACCOUNTING COMPANY ASSIGNMENT
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Table of Contents
Part 1 – General information about the company............................................................................2
Part 2 – Revenue..............................................................................................................................4
Part 3 – Property, plant and equipment............................................................................................7
Part 4 – Provisions, contingent assets and liabilities and leases......................................................9
Part 5 – Responsibility and sustainability......................................................................................11
Part 6 -Evaluation of Company Report.........................................................................................14
Appendix........................................................................................................................................15
Bibliography..................................................................................................................................20
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Part 1 – General information about the company
The company's name is Star Entertainment Company, and its ASX stock code is SGR.
The industry type of The Star Entertainment Group Limited is an Australian gambling and
entertainment company. The ASX code is usually a three-digit abbreviation that represents the
name of a specific company and all securities issued by that company. This applies to listed
investment corporations, structure funds, and traditional exchange-traded funds. Star
Entertainment Company share price plummeted from $4.350 to $4.390 on September 22, 2021, to
, when the stock price fluctuated significantly. During this period, the Australian government
announced a plan to give financial regulators new enforcement powers after a year-long
investigation into corporations misconduct that embarrassed major companies in Australia. As a
result, most of the Companies shares were sold by investors, including the shares of Star
Entertainment Company Limited. Although the stock price is higher than the 52-week low of $
4.390, it is still below the 52-week high of $ 4.310. It is hard to determine the precise influences
affecting the entire market. The stock marketplace is a composite and interconnected system,
where large and small investors make awkward results on various investments.
The market can be understood as an ecosystem organized by an invisible hand. Each
market participant acts freely according to his ideas and follows his interests. "Market" is an
abbreviation for the collective values of individuals and companies. The price of NAB stock
looks cheap today Buchanan, (2021). That's when you look at past NAB ratings. Today, NAB
stock is trading at $15.87 (at the time of writing). After an increase of about 20% last month,
Well, that's right; NAB stock fell to a low of $13.20 in March-an an unprecedented level this
century. In some respects, since the global financial crisis more than a decade ago, NAB Bank’s
exchange rate has never fallen below the $20 mark. Even so, the ASX bank only fell to about
$16. Furthermore, this was during the financial crisis, not during the health crisis. The stock price
is the stock price that represents the current or past market value of the company. Therefore, it is
the price at which the stock is traded in the marketplace or the price at which someone agrees to
buy or sell. When there are more purchasers than vendors in the marketplace, the price of the
stock will rise. The stock price has risen sharply in the past two years, especially in 2020. The
sharp rise in stock prices during this period was due to the sharp increase in the number of its
workers. As a consequence, its marketplace value has also enlarged; through the issuance of
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additional shares to increase the funds raised, to provide funds for the development of Star
Entertainment CompanyLimited Company since 2020 Dabbicco, (2021). This bodes well for
their investors and analysts because the stock price has risen rather than fallen in the past two
years.
Figure 1 : NAB Stock price chart
Source:
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Part 2 – Revenue
Revenue is defined as the sum a company obtains or makes from consumers through the
sale of goods or facilities. The main source of income of Star Entertainment Companyis loan
interest income and service fees (Star Entertainment Companyincome, 2020). The above
financial report shows that net interest income increased by 53 million U.S. dollars, other income
decreased by 1,223 million U.S. dollars, a decline of 21.9%, of which net interest income
increased by 133 million U.S. dollars, and customer-related remedial services-Dollar increased
by 886 million U.S. dollars. NAB Statutory Net Income decreased by USD 756 million, or
13.6% (NAB, 2019). The bank provides part of the loan interest income to customers to save
customers' funds. All interest above the base interest rate is bank income.
This article shows NAB's revenue, the company initiated a $3.5 billion fundraising
process that was affected by coronavirus revenue. NAB showed the economic impact of the
coronavirus, which quickly swept the financial industry D'Amico, (2021). NAB announced that
it will raise US$3 billion from well-known investors and another US$500 million through retail
placements. According to CEO Ross McEwan, NAB was in trouble during the recession but then
decided to increase funds to deal with the influence of non-performing loans and the requirement
to marketplace its loan portfolio.
The following object focuses on the additional $1.1 billion in renovation costs and the
damage to NAB revenue caused by the increase in bad debts. The bank's cash income (excluding
one-time gains and losses) was US$5.1 billion, down 11%, in line with market prospects.
Earnings were negatively affected by the previously planned $1.1 billion renovation cost. This is
not the only problem for banks, even if they have accumulated bad debts on their balance sheets.
NAB CEO Philip Chronic said that although the bank has cut the cost of borrowing for
homeowners, it has harmed depositors and shareholders.
Regarding the information reported by the chairman and CEO, I found the answer. NAB
this year is a challenging year for the company and needs to be changed. At the same time, NAB
lost its trust and credibility with customers and the wider community. This is why they also
discuss past topics and plan the future for the bank Félix Enríquez et al., (2021). According to the
annual report, customer-related restructuring reserves have increased, NAB's dividend payment
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has decreased by 16% compared to the 2018 fiscal year, and a large amount of funds has been
raised. Therefore, the transformation has been going on for more than two years and has brought
real benefits in relation to efficiency and subsidiary business development. NAB also has a
positive influence on the lives of customers, businesses, stockholders, companies, and the world
in which they work.
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