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Liabilities and Provisions of JB Hi-Fi

   

Added on  2023-06-05

6 Pages628 Words407 Views
ACCOUNTING
STUDENT ID:
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Liabilities and Provisions of JB Hi-Fi_1
PART A
Question 1
The relevant extract of current liabilities for the company is shown below (JB Hi-Fi, 2017).
It is apparent that over the year, there has been an increase in the current liabilities from $
446.8 million at the end of FY2016 to $ 885.8 million at the end of FY2017. Further, the
increase in current liabilities is by $ 439 million. The classification of current liabilities is
given below (JB Hi-Fi, 2017).
Trade and other payables
Deferred Revenue
Provisions
Other current liabilities
Current tax liabilities
Question 2
The relevant extract regarding liabilities of the company at the end of FY2017 is shown
below (JB Hi-Fi, 2017).
Liabilities and Provisions of JB Hi-Fi_2
The key liabilities for the company at the end of FY2017 are as follows (JB Hi-Fi, 2017).
1) Trade and other payables - $ 647.8 million
2) Borrowings = $ 558.8 million
3) Deferred revenue (current) = $ 141. 8 million
4) Deferred revenue (non-current) = $ 99.6 million
5) Provisions - $ 75.4 million
Question 3
The breakup of current provisions is indicated below (JB Hi-Fi, 2017).
Liabilities and Provisions of JB Hi-Fi_3

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