Requirement of Continuous Reporting Regimes for Disclosures : Report

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Added on 2020-09-03

Requirement of Continuous Reporting Regimes for Disclosures : Report

Added on 2020-09-03

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Requirement of Continuous Reporting Regimes for Disclosures : Report_1

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1Part 1................................................................................................................................................1Ans. 1......................................................................................................................................1Ans. 2......................................................................................................................................1Ans. 3......................................................................................................................................1Ans. 4......................................................................................................................................2Part 2................................................................................................................................................2CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6

Requirement of Continuous Reporting Regimes for Disclosures : Report_2

INTRODUCTION Disclosure regulatory requirements are the main aspects which are required to befollowed byorganizations in order to have sustainability. Continuous disclosure requirements bylisted entity renders adequate and efficient market and also motivate moral toinvestors by wayof providing enough information to them in order to take investment decisions. This study aimsat analysing the current financial statement and money related issue faced by Surfstich group.Project has emphasized on evaluating profit and statement if the company. This report willexplain the significance and requirement of continuous reporting regimes for disclosures entitiesand its effectiveness.PART 1Ans. 1With the help of consolidated financial statements, Surfstich limited faces so manypredicaments during 2016 year (Faden and et. al., 2013.). By reviewing the annual report of2016, there is a big issue which is faced by the cited organization during 2016. Foreign exchange impact:SurfStitch group Ltd financial performance went worse in 2016 as compare to previousyear operations. As, this is having their operations in Australia, Europe and USA. Such modelserves as a natural FX hedge, enabling for lowering realised foreign exchange profits or losses.Cited company faces currency exchange rate translation risk in their operations. During 2016, theforeign exchange rates were unfavourable as this was decline of about 20% in the GBP: AUDFX rate in comparison to the last corresponding year. Ans. 2During 2015, the consolidated goodwill amount was 73832. This year, inner structurewas executed for listing of the cited company on the ASE. Which emerge a newly incorporatedfirm, SGL becomes the legal parent company of SHPL group. Emerged on SHPL's acquisition ofSurfStitch Ltd. This is attributable entirely to the skills and technological skills of citedcompany's administration and its employees and synergies are expected to be attained fromintegrating surf and fashion and clothing fashion accessories retailing firm into a one groupwhich have an international presence (Shokri, Freudiger and Hubaux, 2010). Due to the firmmerger SHPL'S administration measured assets and liabilities which attain at the fair market1

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