The Annual Report of Vita Group Limited

Added on -2020-02-18

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Running head: ACCOUNTING FOR DECISION-MAKINGAccounting for Decision-MakingName of the Student:Name of the University:Author Note:
2ACCOUNTING FOR DECISION-MAKINGTable of ContentsPart 1................................................................................................................................................2Introduction to Vita Group Limited annual report and financial statements...................................2Question 1........................................................................................................................................2Question 2........................................................................................................................................3Discussion on Corporate Governance.............................................................................................3Question 3........................................................................................................................................5Information included in the corporate governance report of Vita Group Limited..........................5Question 4........................................................................................................................................7Composition and total remuneration of the highest paid board members.......................................7Question 5........................................................................................................................................8Controlled entities of Vita Group Limited.......................................................................................8Part 2................................................................................................................................................8Financial Statements........................................................................................................................8Question 1........................................................................................................................................8Question 2........................................................................................................................................9Question 3......................................................................................................................................10Question 4......................................................................................................................................10Question 5......................................................................................................................................11Question 6......................................................................................................................................12Question 7......................................................................................................................................12Question 8......................................................................................................................................13Question 9......................................................................................................................................14Reference List................................................................................................................................15
3ACCOUNTING FOR DECISION-MAKINGPart 1Introduction to Vita Group Limited annual report and financial statements Question 1Vita Group Limited is one of the retailers that operate under the brands of Telstra andFone Zone (Vita Group Limited. 2017). Vita Group Limited is public limited company that islisted in Australian Stock Exchange and operates in industries such as telecommunications,technology accessories as well as Information Communication Technology and Athleisure. VitaGroup Limited had began its operation in the year 1995 when co-founder and CEO made thedaring move to open first mobile phone retail outlet in Australia named as Fone Zone. Fone Zonewas one of the first licensed dealers of Telstra that was founded with the knowledge thatcustomers will get access to best possible products as well as services that combines with anunbeatable in-store experience. Vita Group Limited aims at delivering exceptional as well aspersonalized experience and products for solving current and future needs of customers (Baker &Burlaud, 2015). Vita Group operates in diversification activities in areas such as communication,electronics and information technology products and service sector. The Group worked withworld-class strategic partners such as Telstra and Apple where the company adopted rapidtransformation into multi-faceted company by providing broad range of products serving bothretail and Business to Business markets. Vita Group gained noteworthy globaltelecommunications, experienced in sales, management as well as operates globally in UK andAustralia (Weygandt, Kimmel & Kieso, 2014).
4ACCOUNTING FOR DECISION-MAKINGQuestion 2 Discussion on Corporate Governance From the annual report of Vita Group Limited, the Corporate Governance Statement isorganized under the headings in the Australian Stock Exchange Corporate Governance Council’sCorporate Governance Principles as well as Recommendations with 2010 Amendments dated30th of June 2010. The Corporate Governance Statement follows supporting documents andposted in the websites of Vita Group Limited (Weil, Schipper & Francis, 2013). Principle 1- Laying solid foundations for management and oversight Appointment of Non-Executive Directors Appointment and Evaluation of Senior Managers (Vita Group Limited. 2017)Principle 2- Structure the Board to add value Independence of Directors Independent Professional Advice Director’s interests (Vita Group Limited. 2017)Remuneration and Nomination Committee Board Performance Induction and Education (Vita Group Limited. 2017)Principle 3- Ethical and responsible decision-making Code of Business Practice and Ethics Trading in Company Securities by Directors, Officers and Employees

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