logo

7702AFE - Accounting Report on Origin Energy Ltd

   

Added on  2020-03-04

20 Pages2984 Words99 Views
1AccountingName:Course Professor’s nameUniversity nameCity, StateDate of submission

2Executive summary This report focuses on Origin Energy Ltd, which is an Australian energy distributing company. The main focus points include the way the company’s financial statements are prepared in accordance to the International Accounting Standards(IAS). Some of the accounting statements that will be looked at include: the balance sheet where we shall analyze how the Assets, Liabilities, inventory and directors remunerations are accounted for in relation to IAS and also other similar companies.

3Table of ContentIntroduction.................................................................................................................................................4Analysis of General Purpose Finanacial Report..........................................................................................4Remuneration Report..............................................................................................................................4Conceptual Framework...............................................................................................................................6Income statement.........................................................................................................................................7Inventory analysis....................................................................................................................................8IAS 37 Provisions, Contingent Assets and Contingent Liabilities..............................................................9Assets....................................................................................................................................................10Present obligation.................................................................................................................................10Transfer Pricing.........................................................................................................................................12Prudence in conceptual framework.......................................................................................................12Conclusion...........................................................................................................................................14Appendix...................................................................................................................................................16Origin energy company

4IntroductionOrigin energy was established in 2000. It was after a demerger from Boral limited, in which energy aspect of the business was removed from the building and construction business. The company has over the year acquired other companies to increase its revenues and marketshare in Australia(A review of the conceptual framework for financial reporting, 2013). In 2002, the company acquired PowerCor, Citipower and Victorian electricity. Many other companies have been acquired by Origin energy in a bid to be a market leader that it is today. In this paper we shall analyse the financial statements of this company and establish if they are prepared in accordance to the conceptual framework and other accounting standards.Analysis of General Purpose Finanacial ReportRemuneration ReportAs the statement of Operating and Financial Review (OFR) show, EBITDA for the year 2016 was $231 million. The company has not issued any dividends in 2016 and 2017, however the company issued a dividend per share of 25 cents in 2015. Based on this figures, we can say that the company has not been doing well in terms of creating wealth for the shareholders.

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Accounting Fundamentals: Financial Statements, Ratios, and Analysis
|17
|2407
|188

Accounting Theory & Contemporary Issues: Performance Analysis of Stockland Group
|15
|3025
|408

Accounting Fundamentals: Financial Statements and Ratio Analysis
|15
|1989
|423

Financial Analysis of Kedison PLC: Accounting Fundamentals
|9
|1822
|463

Accounting Theory and Contemporary Issues - Evaluation of CSR Building Products
|16
|3129
|319

Accounting Fundamentals in Business Management - Desklib
|12
|2312
|292