Accounting Financial Report Analysis

Running head: TAXATION LAW
Accounting Financial Report Analysis
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Name of the University
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TAXATION LAW1
Table of Contents
Introduction:...............................................................................................................................2
Dominating section in Report:...................................................................................................2
Directors Report:........................................................................................................................3
Brief Summary of Directors Report:......................................................................................3
Summary of Auditors Report:....................................................................................................3
Auditors:.................................................................................................................................3
Auditors Opinion:...................................................................................................................4
Auditors Report:.....................................................................................................................4
Sales Review:.............................................................................................................................4
Cash flow Analysis:...................................................................................................................5
Analysis of Retained Profit:.......................................................................................................5
Ratio Analysis:...........................................................................................................................5
Profitability Ratios:................................................................................................................5
Gross Profit Ratio:..................................................................................................................5
Liquidity Ratios:.....................................................................................................................6
Asset Turnover Ratio:............................................................................................................8
Leverage Ratios:.....................................................................................................................9
Conclusion:..............................................................................................................................10
References:...............................................................................................................................11

TAXATION LAW2

TAXATION LAW3
Introduction:
Qantas Airways is viewed as the premier level carrier of Australia. Qantas Airways is
regarded as largest airline company on the basis of its size, overseas destinations and
international flights. Qantas Airways was founded on 16th November 1920 by Hudson Fysh,
Paul McGinnes and Fergus McMaster in Winton Queensland. The company’s first aircraft
was the Avro 504K (Qantas 2019). The company was originally registered as the Queensland
and Northern Territory Aerial Service Ltd (QANTAS). It is largely viewed as world’s most
leading long distance airline service provider and the strongest brands in Australia.
The company is better known for its excellence in safety, reliability in operations and
engineering and maintenance and customer service. During 2004, Qantas Airways launched
Jetstar in Australia which is the low cost carrier that has significantly growth into six Jetstar
brand airline which has operations across Asia Pacific. As of June 2018, Qantas Airways
employed around 30,000 people out of which 92% were based from Australia.
Dominating section in Report:
By looking at the contents of the Qantas Annual report the “Financial Report”
beginning from page 51 should be viewed as the most dominating segment in the annual
report. Under this section a detailed information regarding the consolidated financial
statements has been attached which ranges from the income statement to cash flow statement.
Apart from the financial statements Qantas Airways has also provided a detailed disclosure
regarding the notes to financial statement which includes the information regarding
underlying profit before tax, business operating segment and revenue made by the company
(Investor.qantas 2019). The section also provides the summary relating to the accounting
policies and events that took place post balance date.