JB HI-FI & Harvey Norman: Owner's Equity, Cash Flow, and Tax Rates

This report provides a financial analysis of JB HI-FI Limited and Harvey Norman, focusing on owner's equity, cash flow statements, and effective tax rates. The analysis includes a comparative look at contributed equity, reserves, retained earnings, and non-controlling interests for both organizations. Cash flow activities are detailed for the years 2015, 2016, and 2017, highlighting changes in operating, investing, and financing activities. The report also presents earnings before tax, cash tax expense, and cash tax rates for both companies. The conclusion emphasizes the importance of maintaining accurate financial records for effective decision-making. Desklib provides access to this report and other solved assignments to aid students in their studies.

Contents Slide NO
Introduction 3
Owner’s Equity 4
Cash flow Statement 5
Effective Tax rate 6
Cash Tax Rate 7
Conclusion 8
References 9

 Accounting has the important role in
developing the organization by
recording the information related to the
finances in proper and systematic
manner.
 Organizations used are JB HI-FI Limited
and Harvey Norman.
 The presentation here has highlighted
about the owner’s equity so that the
amount of equity within the organization
can be determined

 There are various items which are
included in the owners equity of both
the organizatons such as:
- Contributed Equity
- Reserves
- Retained Earnings
- Patent entity interest
- Non-controlling interest

Activities 2015 2016 2017 Change
in 2017-
16
Change
in 2016-
15
Operating
Activities
179,89
6
185,14
0
190.6 -184,949 5,244
Investing
activities
(44,37
0)
(52,00
1)
(885.
5)
51,116 -7,631
Financing
Activities
(129,6
40)
(130,5
65)
715.9 131,281 -925
JB HI-FI Limited & Harvey
Norman
Activities 2015 2016 201
7
Chang
e in
2017-
16
Chang
e in
2016-
15
Operating
Activities
3404
48
4376
91
425
140
-12551 97243
Investing
activities
-
8180
3
-
1798
53
-
198
765
-18912 -98050
Financing
Activities
-
2205
-
3074
-
287
20303 -86830

Harvey Norman JB HI-FI Limited
Particulars (Amount in $ million) (Amount in $ million)
Earnings before tax 639.81 259.2
Cash tax expense 147.82 78.3
Cash tax rate 23.10% 30.21%

 It can be summarized from the overall
report that it gave the understanding
about various items reported in the distinct
statement of the corporate accounting.
 The association additionally delineates the
cost which is caused in the money related
year and furthermore confirms the income.
 On the off chance that the two associations
can appropriately keep up the records the
association can take viable choices.

 Atanasov, V. and Black, B., (2016) Shock-
based causal inference in corporate
finance and accounting research.
 Crane, A. and Matten, D., (2016)
Business ethics: Managing corporate
citizenship and sustainability in the age
of globalization. UK:Oxford University
Press.
 Welford, R., (2016) Corporate
environmental management 1: systems
and strategies. Germany:Routledge.