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The Cromwell Property Group Annual Report

   

Added on  2020-05-16

9 Pages2208 Words82 Views
Running head: CORPORATE ACCOUNTING Corporate AccountingName of the StudentName of the UniversityAuthor’s Note
The Cromwell Property Group Annual Report_1
1CORPORATE ACCOUNTINGTable of ContentsAnswer to Question I.......................................................................................................................2Answer to Question II......................................................................................................................3Answer to Question III....................................................................................................................3Answer to Question IV....................................................................................................................4Answer to Question V.....................................................................................................................5Answer to Question VI....................................................................................................................6Answer to Question VII...................................................................................................................6References........................................................................................................................................7
The Cromwell Property Group Annual Report_2
2CORPORATE ACCOUNTINGAnswer to Question IFrom the latest Annual Report of Cromwell Property Group, it can be observed that thereare four major items of equity in the consolidated balance sheet of the company; they areContributed Equity, Other Reserves, Retained Earnings/ (Accumulated Losses) and Non-controlling interests (cromwellpropertygroup.com 2018). Contributed Equity refers to thesummary of the total stock value of the companies that the shareholders have directly purchased(Finkler et al. 2016). Increase in contributed equity can be seen in 2017 than 2016. For thecompany, it has increased from $106.5 million to $106.9 million; and for trust, it was from$1287.5 million to $1295.2 million. The main reason behind this increase in the increase in thenumber of share issued in 2017; that is 1,762,361,339 from 1,752,331,208(cromwellpropertygroup.com 2018). Reserves refer to the amount excess money shareholderspay except the par value of shares (Daskalakis, Jarvis and Schizas 2013). In 2017, increase inreserves can be seen in Cromwell Property Group for both the company and the trust. For thecompany, it has increased from $17.9 million to $18.2 million; and for trust, it was from $2.3million to $1.7 million (cromwellpropertygroup.com 2018). The main reason in the increase inreserve is the presence of various reserve heads; they are security-based payments reserve, salesreserve and reserve for foreign currency transactions. Retained Earnings and AccumulatedLosses refer to the total profit and loss of the companies due to the payment of dividends(Bourguignon, Branson and De Melo 2015). In 2017, there is accumulated loss for the company;that is $112.9 million in 2017 and $129.4 million in 2016. For trust, there is retained earnings;that is $ 292.3 million in 2017 and $178.0 million in 2016. Non-controlling interest refers to theportion of equity ownership not attributed to the parent company. For trust, increase in non-
The Cromwell Property Group Annual Report_3

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