This report provides a detailed analysis of Boral Limited's corporate accounting practices, focusing on its financial statements for the years 2015-2017. The analysis begins with an examination of the cash flow statement, breaking down operating, investing, and financing activities, and comparing them across the three years. It highlights significant changes, such as increased net borrowings and capital expenditures. The report then delves into the comprehensive income statement, analyzing components like net profit, exchange differences, and tax implications. Key elements discussed include current and deferred tax expenses, income tax assets, and the reconciliation between income tax expense and tax payments. The report also explores the relationship between income tax expense and cash flow, and concludes by emphasizing the importance of understanding temporary differences in the context of Boral's financial reporting. The report uses Boral's annual reports to provide a comprehensive overview of its financial health and accounting procedures.
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