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Report on Tax Implication on Audio Pixels Holdings Ltd

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Added on  2020-05-16

Report on Tax Implication on Audio Pixels Holdings Ltd

   Added on 2020-05-16

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RUNNING HEAD: Financial analysis of Audio Pixels Holdings Ltd1Name of the student-Topic- Financial analysis of Audio Pixels Holdings LtdUniversity name
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Financial analysis of Audio Pixels Holdings 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.
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Financial analysis of Audio Pixels Holdings Ltd3With the ramified economic changes and complex business structure, each and everyorganization has to run their business effectively. In this report, tax implication on AudioPixels Holdings Ltd has been taken into consideration. Answer to question-1After analysing the annual report of Audio Pixels Holdings Ltd, it is considered that equity capital of Audio Pixels Holdings Ltd is accompanied with contributed capital, owner’s equityand retained earnings. Contributed EquityReserve Retained EarningContributed equity – It is the amount of capital contributed by the shareholders for the owners’ equity. Retained earnings- It is the amount of profit which company has accumulated and not distributed to its shareholders. Reserve- It is accumulated total distributable profit which could be plugged back by company in its business (Brigham and Ehrhardt, 2013).Contributed capital could also be defined as stakeholder’s equity which shareholders haveinvested in the company. In 2015, Audio Pixels Holdings Ltd is having AUD $ 37 million contributed capital which increased AUD $ 45 million in 2016. Accumulated profit of Audio Pixels Holdings Ltd has also shown negative data as company has been facing high amount of loss in its business functioning.
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Financial analysis of Audio Pixels Holdings Ltd4Equity (Amount in dollar million) ($M)20152016Contributed equity 3745Retained earning(13)(18)Total equity (24)(24)Answer to question-2Tax expenses of Audio Pixels Holdings LtdIt is considered that tax amount is charged on the profit of company and deductedfrom the overall net profit of company. The recording of tax expenses is shown in the profitand loss accounts. On the other hand, excess payment of tax would be shown in the deferredtax assets of company. The income tax paid by company is zero. It is observed that companyhas been suffering from high amount of loss throughout the time. It is inferred that companypays tax on its profit. In present case, Audio Pixels Holdings Ltd is having zero amount of taximplication due to its loss incurring business (Audio Pixels Holdings Ltd, 2017).Particular(AUD $ in million)20152016Income tax expenses00
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