Corporate Accounting Report: Equity, Liabilities, and Company Analysis

This report provides a detailed analysis of the equity and liabilities of Bega Cheese and Bellamy's Australia for the years 2016, 2017, and 2018. The report includes tables outlining the owners' equity (issued capital, reserves, and retained earnings) and liabilities (trade payables, borrowings, provisions, etc.) for both companies. It examines the reasons for changes in these financial components over the three-year period. The report further discusses the advantages and disadvantages of equity and debt financing, highlighting factors such as control, tax implications, and compliance requirements. Finally, it outlines the criteria for classifying companies as large or small proprietary companies, based on revenue, assets, and employee numbers, and details the reporting requirements for large proprietary companies. The report concludes with references to the sources used, including the companies' annual reports and financial management resources.

CORPORATE ACCOUNTING 1
CORPORATE ACCOUNTING

CORPORATE ACCOUNTING 2
Contents
Introduction:...............................................................................................................................3
Part A:........................................................................................................................................3
Part i:......................................................................................................................................3
Part ii:.....................................................................................................................................4
Part iii:....................................................................................................................................6
Part iv:....................................................................................................................................9
Part v:....................................................................................................................................12
Part B:.......................................................................................................................................13
Conclusion:..............................................................................................................................14
References:...............................................................................................................................15

CORPORATE ACCOUNTING 3
Introduction:
The companies undertaken for review in this repot are Bega cheese and Bellamy's Australia.
Both of these companies belong to the industry of food, beverages and tobacco. Further, this
report talks about the equity and the liabilities of each company for the years 2018, 2017 and
2016. Then it throws light on their general understanding and reasons for the changes. The
small, large proprietary companies are talked about along with the requirements of the reports
of reporting entity (ASX, 2019).
Part A:
Part i:
The following are the desired tables:
Bellamy's Australia:
Owners equity:
(Amounts in $ in thousands)
Particulars 2018 2017 2016 Understanding
Issued capital 1,20,870.00 53,795.00 40,216.00
amount owned by
the outsiders and is
used by the
management of the
company
Reserves 11,843.00 5,635.00 2,829.00
amounts from the
profits set aside for
the future
contingencies
Retained earnings 74,645.00 31,829.00 40,176.00
amounts kept aside
by the company in
order to have the
future expansion

CORPORATE ACCOUNTING 4
Total 2,07,358.00 91,259.00 83,221.00
Bega cheese:
Owners equity:
(Amounts in $ in thousands)
Particulars 2018 2017 2016 Understanding
Share capital 2,74,862.00 2,24,692.00 1,03,942.00
amount owned by
the outsiders and
is used by the
management of
the company
Reserves 21,466.00 21,656.00 21,058.00
amounts from the
profits set aside
for the future
contingencies
Retained earnings 3,35,663.00 3,26,326.00 2,02,838.00
amounts kept
aside by the
company in order
to have the future
expansion
Total 6,31,991.00 5,72,674.00 3,27,838.00
Part ii:
The following are the desired tables:
Bellamy's Australia:
Owners equity:
(Amounts in $ in thousands)
Particulars 2018 2017 2016 Reasons for

CORPORATE ACCOUNTING 5
change
Issued capital 1,20,870.00 53,795.00 40,216.00
the change would
be due to the
increase of the
cash introduced
by the equity
holders of the
company
Reserves 11,843.00 5,635.00 2,829.00
the change would
be due to more
profits that have
been set aside by
the company for
the future
contingencies
Retained earnings 74,645.00 31,829.00 40,176.00
increase could be
due to the
increase in the
amounts of
profits earned
during these
years
Total 2,07,358.00 91,259.00 83,221.00
Bega cheese:
Owners equity:
(Amounts in $ in thousands)
Particulars 2018 2017 2016 Reasons for change

CORPORATE ACCOUNTING 6
Share capital 2,74,862.00 2,24,692.00 1,03,942.00
the change would be due to
the increase of the cash
introduced by the equity
holders of the company
Reserves 21,466.00 21,656.00 21,058.00
the change would be due to
more profits that have been
set aside by the company for
the future contingencies
Retained earnings 3,35,663.00 3,26,326.00 2,02,838.00
increase could be due to the
increase in the amounts of
profits earned during these
years
Total 6,31,991.00 5,72,674.00 3,27,838.00
Part iii:
The following are the desired tables:
Bellamy's Australia:
Liabilities:
Particulars 2018 2017 2016
Trade and other payables
69,108.0
0
37,726.0
0
48,373.0
0
amounts to be paid
to the outsiders in
respect of the raw
material which had
been purchased

CORPORATE ACCOUNTING 7
Borrowings
62.0
0
25,264.0
0
113.0
0
amounts borrowed
from the financial
institutions and on
which some amount
of interest is payable
Provisions
1,663.0
0
2,329.0
0
328.0
0
amounts set aside
for some specific
activities
Derivatives
232.0
0
34.0
0
807.0
0
these are the
hedging instruments
Current tax liabilities
2,344.0
0 -
10,495.0
0
amounts of the taxes
payable by the
company to the
taxation authorities
Total current liabilities
73,409.0
0
65,353.0
0
60,116.0
0
Borrowings - -
18.0
0
amounts borrowed
from the financial
institutions and on
which some amount
of interest is payable
Provisions
45.0
0
29.0
0
146.0
0
amounts set aside
for some specific
activities

CORPORATE ACCOUNTING 8
Total non-current liabilities
45.0
0
29.0
0
60,280.0
0
Total Liabilities
73,454.0
0
65,382.0
0
1,20,396.0
0
Bega cheese:
Liabilities:
Particulars 2018 2017 2016
Trade and other payables
2,25,910.0
0
1,69,324.0
0
1,56,044.0
0
amounts to be
paid to the
outsiders in
respect of the
raw material
which had been
purchased
Derivative financial
instruments
2,018.0
0
408.0
0
1,583.0
0
these are the
hedging
instruments
Borrowings
121.0
0
64.0
0
15,235.0
0
amounts
borrowed from
the financial
institutions and
on which some
amount of
interest is
payable

CORPORATE ACCOUNTING 9
Current tax liabilities
6,737.0
0
63,911.0
0
5,056.0
0
amounts of the
taxes payable by
the company to
the taxation
authorities
Provisions
43,405.0
0
32,877.0
0
31,335.0
0
amounts set
aside for some
specific activities
Total current liabilities
2,78,191.0
0
2,66,584.0
0
2,09,253.0
0
Borrowings
2,66,982.0
0
2,15,280.0
0
47,500.0
0
amounts
borrowed from
the financial
institutions and
on which some
amount of
interest is
payable
Provisions
1,784.0
0
1,722.0
0
2,083.0
0
amounts set
aside for some
specific activities
Deferred tax liabilities
36,868.0
0 - -
assets or
liabilities due to
the timing
differences
Total non-current liabilities
3,05,634.0
0
2,17,002.0
0
49,583.0
0

CORPORATE ACCOUNTING 10
Total Liabilities
5,83,825.0
0
4,83,586.0
0
2,58,836.0
0
Part iv:
The following are the desired tables:
Bellamy's Australia:
Liabilities:
Particulars 2018 2017 2016
Trade and other payables
69,108.0
0
37,726.0
0
48,373.0
0
the increase
could be due to
the increase in
the amounts of
the purchases
Borrowings
62.0
0
25,264.0
0
113.0
0
the decrease
could be due to
the reason that
the company
may have repaid
the amounts that
have been
borrowed
Provisions
1,663.0
0
2,329.0
0
328.0
0
the increase
would be due to
addition of more
profits during
these years

CORPORATE ACCOUNTING 11
Derivatives
232.0
0
34.0
0
807.0
0
the decrease
could be due to
the payment
Current tax liabilities
2,344.0
0 -
10,495.0
0
the decrease
would be due to
the payments of
taxes to the
taxation
authorities
Total current liabilities
73,409.0
0
65,353.0
0
60,116.0
0
Borrowings - -
18.0
0
the decrease
could be due to
the reason that
the company
may have repaid
the amounts that
have been
borrowed
Provisions
45.0
0
29.0
0
146.0
0
the increase
would be due to
addition of more
profits during
these years
Total non-current liabilities 45.0 29.0 60,280.0

CORPORATE ACCOUNTING 12
0 0 0
Total Liabilities
73,454.0
0
65,382.0
0
1,20,396.0
0
Bega cheese:
Liabilities:
Particulars 2018 2017 2016
Trade and other payables
2,25,910.0
0
1,69,324.0
0
1,56,044.0
0
the increase could be due to
the increase in the amounts
of the purchases
Derivative financial
instruments
2,018.0
0
408.0
0
1,583.0
0
the increase could be due to
more payment required to
be made to the outsiders
Borrowings
121.0
0
64.0
0
15,235.0
0
the decrease could be due
to the reason that the
company may have repaid
the amounts that have been
borrowed
Current tax liabilities
6,737.0
0
63,911.0
0
5,056.0
0
the increase would be due
to more amount borrowed
by the company to be
invested into the business
Provisions
43,405.0
0
32,877.0
0
31,335.0
0
the increase would be due
to addition of more profits
during these years