Corporate Reporting: Analysis of JB HI-FI's Cash Flow Statement, Other Comprehensive Income and Tax Flow

CORPORATE REPORTING
Assignment
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The company selected for this task is JB HI-FI. The latest annual report corresponding to the
company available in the public domain corresponds to June 30, 2017. The other relevant
aspects related to cash flow statement, other comprehensive income and tax flow are
discussed below (JB HI-FI, 2017).
CASH FLOWS STATEMENT
(i) The cash flow from operations for the company is represented through the screenshot
below.
A brief description of the above items is mentioned below (Brunder, 2016).
 “Receipts are customers” – These tend to reflect on the monies that are received from
customers for the various products provided to them and this contributes to the
revenue. However, revenue in the income statement is prepared on accrual basis
unlike customer receipts which are on cash basis and is collection of revenue receipts.
Clearly, this item has shown a significant jump over the previous year with a y-o-y
increase in excess of 40%.
 “Payments to suppliers and employees” – The company in order to procure goods has
to pay suppliers and the various employees that are part of the value chain. The
payments made have also increased to about the same extent.
Besides, there are other items related to interest received along with related finance costs.
Also, the income taxes that the company paid during the year are also considered (Brealey
and Myers, 2013).
The cash flow from investing for the company is represented through the screenshot below
(JB HI-FI, 2017).

A brief description of the above items is mentioned below (Ogden, Jen and O’Connor, 2015).
 “Payment for business combination” – This refers to the money actually paid by the
company for acquiring a given business which has been recorded after adjusting for
the cash available on the books of the acquired business. It is apparent that the
company has paid to the tune of $836.6 million for a business acquisition for the year
ending on June 30, 2018.
 “Payments for plant and equipment” – This refers to the monies that the company has
paid in the given financial year under consideration for acquiring plant and property.
For the company, no significant change in observed in this regards for FY2017 over
the previous year.
 “Proceeds from sale of plant and equipment” – The company also realises cash inflow
on account of disposing off the plant and equipment that it already has but may not
require the same or liquidate the same for raising money.
The cash flow from financing for the company is represented through the screenshot below
(JB HI-FI, 2017).
A brief description of the above items is mentioned below.
 “Proceeds from issues of shares” – This refers to the monies that the company has raised
during the given time period through the issue of shares or dilution of equity. There is a
significant jump in this from $ 6 million for FY2016 to $ 395.9 million for FY2017.
 “Proceeds/(repayment) of borrowings” – This refers to the monies that the company
either obtains in the form of incremental borrowings or repays to decrease outstanding