logo

HI5020 Tax analysis of Genworth Mortgage Insurance Australia Lt

10 Pages1856 Words36 Views
   

Corporate Accounting (HI5020)

   

Added on  2020-05-28

HI5020 Tax analysis of Genworth Mortgage Insurance Australia Lt

   

Corporate Accounting (HI5020)

   Added on 2020-05-28

ShareRelated Documents
RUNNING HEAD: Genworth Mortgage Insurance Australia Ltd1Name of the student-Topic- Tax analysis of Genworth Mortgage Insurance Australia Ltd, 2017University name
HI5020 Tax analysis of Genworth Mortgage Insurance Australia Lt_1
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.
HI5020 Tax analysis of Genworth Mortgage Insurance Australia Lt_2
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 reflects the amount of cash and paid up and other assets that stakeholders had given to corporate in exchange for the shares or stock in company. It is evaluated that Common Stock has decreased 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 retained earnings are the business profit which has been kept to strengthen the business’s financial position. This amount of capital is also known as accumulated profit which company has arranged from its earned profit throughout the time (Brigham and Ehrhardt, 2013). In addition to this, accumulated profit of company is negative which is not good indicator for company (Genworth Mortgage Insurance Australia Ltd, 2017).Equity (Amount in dollar million) ($M)20172016Common stock11561354
HI5020 Tax analysis of Genworth Mortgage Insurance Australia Lt_3

End of preview

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

Related Documents
Implication of Taxation Rules and Regulations
|13
|2367
|69

Report on Tax Implication on Audio Pixels Holdings Ltd
|13
|2180
|62

5 RUNNING HEAD: Tax analysis of Freedom Insurance Group Limited 1 Name of the student- Topic- Tax analysis of Freedom Insurance Group Limited 5 RUNNING HEAD: Tax analysis of Freedom Insurance Group Li
|12
|1841
|334

The Financial State Meme of the University Author
|11
|1942
|303

Tax Implication and Corporate Tax Analysis
|12
|2267
|87

Corporate Accounting Assignment - Eureka group holdings limited
|12
|2265
|54