This report provides a financial analysis of Brambles Limited, focusing on its compliance with Australian Accounting Standards Board (AASB) guidelines. It explains the nature of general-purpose financial reports (GPFR) in the context of AASB's SAC 1, defines property, plant, and equipment (PPE), and outlines the requirements of AASB 116. The report discusses depreciation expense, useful life determination, and the concept of residual value. It also examines fair value, its implications under AASB 116, and the impact of AASB 112 on tax effect accounting. Furthermore, it evaluates the ethical considerations in preparing financial statements according to AASB 101, offering a comprehensive overview of Brambles Limited's financial reporting practices and recommendations for addressing associated issues.