Report of Genworth Mortgage Insurance Australia Ltd

Added on - 28 May 2020

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RUNNING HEAD: Genworth Mortgage Insurance Australia Ltd1Name of the student-Topic- Tax analysis of Genworth Mortgage Insurance Australia Ltd, 2017University name
Tax analysis of Genworth Mortgage Insurance Australia Ltd2Table of ContentsAnswer to question-1.............................................................................................................................3Answer to question-2.............................................................................................................................5Answer to question no-3........................................................................................................................5Answer to question no-4........................................................................................................................7Answer to question no-5........................................................................................................................8Answer to question no-6........................................................................................................................9Answer to question no-7........................................................................................................................9References...........................................................................................................................................12.
Tax analysis of Genworth Mortgage Insurance Australia Ltd3In this report, annual report of Genworth Mortgage Insurance Australia Ltd has been analysedto identify the tax amount payment and company’s liability to pay tax to government.Answer to question-1The annual report of Genworth Mortgage Insurance Australia Ltd has shown three parts ofthe equity.Common StockOther Accumulated profitRetained earnings or distributable profitCommon Stock is also known as contributed capital. It is paid up capital which reflectsthe amount of cash and paid up and other assets that stakeholders had given to corporate inexchange for the shares or stock in company. It is evaluated that Common Stock hasdecreased equity capital by 40% since last four years. In 2013, Company was having AUD $2,074 million equity capital which decreased to AUD $ 1354 million. Reserve or retainedearnings are the business profit which has been kept to strengthen the business’s financialposition. This amount of capital is also known as accumulated profit which company hasarranged from its earned profit throughout the time (Brigham and Ehrhardt, 2013). Inaddition to this, accumulated profit of company is negative which is not good indicator forcompany (Genworth Mortgage Insurance Australia Ltd, 2017).Equity (Amount in dollarmillion) ($M)20172016Common stock11561354
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