Technical Aspects of Consolidation of Jb Hi Fi

Running head: COMPANY ACCOUNTING
Company Accounting
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1COMPANY ACCOUNTING
MEMO
To: Board of Directors
From:
Date: January 02, 2019
Subject: Technical Aspects of Consolidation of Jb Hi Fi
Introduction
JB Hi-Fi is an Australian store of customer goods, concentrating in video games, DVDs, Blu-
rays, Ultra HD Blu-rays, CDs, microchip technology, hardware, electrical home-based
applications, mobile and a numeral of Telstra facilities. The company is visibly listed on the
ASX. Its Head Office is located at Chadstone Shopping Centre in Melbourne. In the year
2006-07, the company extended into New Zealand.
Composition of the Group
The subsidiaries of the company are:
In Australia:
JB-HI-FI Group Pty Ltd
Clive Anthonys Pty Ltd
Rocket Replacement Pty Ltd
M.E.W (Australia) Pty. Ltd
The Muir Finance Company Pty
In New Zealand:
JB HI-Fi Group (NZ) Limited

2COMPANY ACCOUNTING
JB Hi-Fi NZ Limited.
Audit Committee
The Non-Executive directors:
Bth Laughton (on going member and chair of committee)
Gary Levin (Member of the Committee until 27th October 2016)
Wai Tang (On going member of Committee)
Mark Powell (On going member of committee since 13th March 2017)
Remuneration committee
Beth Laughton (on going member of Committee)
Gary Levin (Member of the Committee till 26th October 2016)
Joint Venture- The Good Guy Stores
JB Hi-Fi Limited is unique of the sphere concession vender for branded home-based
entertaining products. These specific Group products emphasis on customer electronics,
software as glowing as electronic merchandises such as melody, playoffs and cinemas
(Jbhifi.com.au 2017). JB Hi-Fi Limited functions from stand-alone terminus positions as well
as supermarket middle localities in and all over the place accessible stores particularly in
Australia and New Zealand.
Preparation of consolidated financial statement
The annual report of JB HI-FI Limited has stated that the arrangement of the financial
statement of the corporation has been complying with the International Financial Reporting
Standards that is required by Accounting Standards AASB 101. It is stated in the integrated
report. (Jbhifi.com.au 2017).