HI5020 Corporate Accounting: Analyzing Amcor Limited's Financial Statements

HI5020 Corporate Accounting
Company name: Amcor Limited

Contents
HI5020 Corporate Accounting........................................................................................................1
Company name: Amcor Limited.....................................................................................................1
CASH FLOWS STATEMENT...................................................................................................3
(i)..................................................................................................................................................3
(ii)................................................................................................................................................4
OTHER COMPREHENSIVE INCOME STATEMENT............................................................5
(iii)...............................................................................................................................................5
(iv)................................................................................................................................................6
(v).................................................................................................................................................7
ACCOUNTING FOR CORPORATE INCOME TAX...............................................................8
(vi)................................................................................................................................................8
(vii)..............................................................................................................................................9
(viii)...........................................................................................................................................10
(ix)..............................................................................................................................................11
(x)...............................................................................................................................................12
(xi)..............................................................................................................................................13
References:................................................................................................................................14

CASH FLOWS STATEMENT
(i)
Cash flow statement is the statement that shows the financial amount that affects cash and cash
equivalent on the balance sheet of the company or the income statement. Cash flow statement is
the statement that includes all operating, investing and financing activities of the company.
Operating activities from cash flow includes the items such as financial period profit,
Depreciation, amortisation of the company and net losses impairment, non-cash retirement
benefits, net finance cost, net gain on non- current assets on disposal, share of net profit of equity
accounted investments, net foreign exchange, share-based payment expense, other sundry items,
elimination of Venezuela exposure, income tax expense. It also includes the items which cause
the change in the working capital such as increase or decrease in the trade and other receivables,
inventories, operating assets, trade and other payables, provisions, other operating liabilities. The
major change which has occurred it is an elimination of the Venezuela exposure, earlier it was
384.7 and in the year 2017, there is no amount (Annual report, 2017).
Cash flow from investing activities includes the items such as repayment of loans to associated
companies and other persons, payment for acquisition of controlled entities, businesses and
associates, payment for the property, plant, equipment and intangible assets, proceeds on
disposal of associates, controlled entities and businesses, elimination of Venezuela exposure,
proceeds on disposal of property, plant and equipment. The major change which has occurred is
in the repayment of the loans, proceeds on disposal of associates, controlled entities and
businesses and elimination of the Venezuela exposure. In the year 2017, all the items which have
mentioned earlier have nil amount in the current year (Annual report, 2017).
Cash flow from financing activities includes the items such as proceeds from the share issue,
share purchased on market and settlement of forwarding contracts, payment for treasury shares,
buyouts of non-controlling interests, proceeds from borrowings, repayment of borrowings,
principal lease repayment, dividend and other equity distribution paid. The major change which

has seen in the financing activity is that buyouts of non-controlling interests have occurred in the
year 2017 which has not been there in the previous year.