Financial Accounting of Health Scope Ltd

Running head: FINANCIAL ACCOUNTING
Financial Accounting of Health Scope Ltd
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1FINANCIAL ACCOUNTING OF HEALTH SCOPE LTD
Executive Summary
The aim of the report is to do a financial analysis of Health Scope Ltd. The company operates in
the healthcare industry catering to various healthcare and well-being products. The dominating
part of the financial report of the company was the financial statements of the company. A brief
summary is provided for the director’s report given in the annual report of the company. The
Auditors report of the company was discussed along with the opinion of the opinion of the
auditor relating to the quality of the financial statements. The change is sales or revenue and
other operating changes for the company was discussed for the company. The ratio analysis was
performed for the company, which showed the summary of the financial performance of the
company.

2FINANCIAL ACCOUNTING OF HEALTH SCOPE LTD
Table of Contents
Introduction......................................................................................................................................3
Discussions......................................................................................................................................4
Financial Statements....................................................................................................................4
Director’s Report.........................................................................................................................4
Auditors Report...........................................................................................................................5
Revenue Analysis........................................................................................................................6
Cash Flow from Operations.........................................................................................................7
Retained Profits/ Loans and Debentures......................................................................................7
Ratio Analysis..............................................................................................................................8
Conclusion.....................................................................................................................................11
Reference.......................................................................................................................................12

3FINANCIAL ACCOUNTING OF HEALTH SCOPE LTD
Introduction
Health Scope Company operating in the health care industry is a global operator of
hospital group across the countries in Australia, Malaysia, New Zealand and Singapore. The
hospital group is ranked as the best hospital operator and group across the world. The company
has 45 hospitals in its portfolio where services like treatment centers, psychiatric units, surgery
units, and nursing services all across the world. The company provides a wide variety of
facilities in the health care region catering services like day surgery to complex surgery facilities
(Gray et al. 2016).
The company has a good employee base, which has enabled the countries serve better
and efficiently in all of its six countries. The company is one of the leading and biggest
healthcare company listed and present in Australia. Health Scope Limited annual report for the
year 2017 was selected for carrying on the financial analysis for the company. The company’s
director report is explained in brief and the company compliance with the accounting, corporate
and financial standards are well discussed.
The Audit report of the company briefs about the basis for opinion, key audit matters
involved and the general opinion about the company’s financial statement presented. Operations
of the company in respect to sales and cash flow from operating activities were discussed on the
basis of percentage change and the reasons for such changes. Ratio analysis was done on the
company’s financial statement which includes key financial ratios such as liquidity and
profitability ratios (Greco, Figueira and Ehrgott 2016).