Financial Reporting Analysis of K&S Corporation Limited - 2018
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AI Summary
This report provides an analysis of K&S Corporation Limited's financial reporting practices, focusing on key areas such as property, plant, and equipment; intangible assets; provisions, contingent liabilities and assets; leases; and revenue recognition. The analysis refers to the company's 2017 annual report and relevant Australian Accounting Standards (AASB) and International Accounting Standards (IAS). It examines the valuation methods used for tangible and intangible assets, including goodwill, and assesses compliance with IAS 38. The report also discusses the recognition and disclosure of provisions and contingent liabilities, highlighting the company's treatment of employee benefits, workmen's compensation, and interlocking guarantees. Furthermore, it delves into the classification and valuation of leases under AASB 16, differentiating between finance and operating leases. Finally, the report analyzes the company's revenue recognition policies, emphasizing adherence to accounting standards and the criteria for recognizing revenue from the sale of goods, provision of services, interest, and dividends. The conclusion asserts that K&S Corporation Limited's 2017 annual report complies with Australian Accounting Standards and provides transparent and reliable financial information.
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2018
P ATK & S COR OR ION
M TLI I ED
P ATK & S COR OR ION
M TLI I ED
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Table of Contents
ntrod ctionI u .................................................................................................................................................3
Propert Plant ipmenty, & Equ .......................................................................................................................3
ntan i le a etI g b ss s..........................................................................................................................................3
Pro i ion ontin ent ia ilitie commitment and ontin ent A etv s s, C g L b s ( s) C g ss s...................................................4
ea eL s s..........................................................................................................................................................5
e en eR v u .......................................................................................................................................................5
oncl ionC us ...................................................................................................................................................6
e erenceR f s...................................................................................................................................................7
ntrod ctionI u .................................................................................................................................................3
Propert Plant ipmenty, & Equ .......................................................................................................................3
ntan i le a etI g b ss s..........................................................................................................................................3
Pro i ion ontin ent ia ilitie commitment and ontin ent A etv s s, C g L b s ( s) C g ss s...................................................4
ea eL s s..........................................................................................................................................................5
e en eR v u .......................................................................................................................................................5
oncl ionC us ...................................................................................................................................................6
e erenceR f s...................................................................................................................................................7

Introduction
T e compan ic a een anal ed ere i orporation imited ic i li ted on t eh y wh h h s b yz h s K & S C L , wh h s s h
A tralian toc c an e t deal in lo i tic tran portation are o e mana ementus S k Ex h g . I s g s s, s , w h us g ,
di tri tion c annel mana ement and contract mana ement t i ead artered in A tralias bu h g g . I s h qu us
and a ma or di i ion namel el A tralian tran port and t e e ealand Tran porth s 3 j v s s y Fu s, us s h N w Z s .
T e el di i ion o t e compan i dealin in di tri tin o el to t e c tomer rom arioh fu v s f h y s g s bu g f fu s h us s f v us
ector li e t o e o i in armin and ot er retail ector c tomer in t e o t ea t A tralias s k h s f f sh g, f g h s us h S u h s us
elton(B , 2017) T e e ealand tran port di i ion i en a ed in pro idin t e lo i tic er ice. h N w Z s v s s g g v g h g s s v s
to t e c tomer in e ealand and imilar i t e ca e or A tralia Tran port T e i enh us s N w Z s s h s f us s . h g v
report i li t t eh gh gh s h inancial a pect and t e reportin i e it re pect to t e tan i le andf s s h g ssu s w h s h g b
intan i le a et o compan t e pro i ion contin ent a et and lia ilitie appearin in t eg b ss s f y, h v s , g ss s b s g h
oo and t e re en e and lea e acco ntin To ard t e end o t e t d nece arb ks h v u s s s u g. w s h f h s u y, ss y
concl ion a e een dra n on t e i en a pectus s h v b w h g v s s rom ic capen(B w h & S s, 2016).
Property, Plant & Equipment
T e alance o propert plant and e ipment o t e compan a onh b f y, qu f h y s 30th ne tand atJu 2017 s s $
M T e plant and e ipment are ein al ed at co t red ced acc m lated350.998 N. h s qu ’s b g v u s u by u u
depreciation and t e impairment lo e i an a o date imilarl t e land and ildin areh ss s, f y, s f . S y, h bu gs
ein al ed at air al e red ced acc m lated depreciation and t e impairment lo e ib g v u f v u s u by u u h ss s, f
an till date ince it i a non deprecia le a ety, s s - b ss a(D s, 2017).
Alternati el t e plant and t e e ipment can al o e al ed at mar et price le t ev y, h s h qu s b v u k ss h
acc m lated depreciation till date T e mar et al e i omet in at ic t e er and elleru u . h k v u s s h g wh h h buy s
or t e a et or lia ilit i illin to e c an e t e ame at arm len t price n c ah ss b y s w g x h g h s ’s g h s. I su h
tran action it i a med t at ot t e partie in ol ed in t e tran action are a ins , s ssu h b h h s v v h s h v g
con idera le no led e o al ation o t e a et and lia ilitie and no deci ion i ein dones b k w g f v u f h ss s b s s s b g
nder comp l ion n ca e t e al ation i ein done in t i manner it ill o a tr e and airu u s . I s h v u s b g h s , w sh w u f
mar et al e o a et in t e oo a on t e i en alance eet date a t e al e o a etk v u f ss h b ks s h g v b sh s h v u f ss s
ne er remain con tant con iderin time al e o monev s s s g v u f y Ale ander( x , 2016).
Intangible assets
A per t e Ann al eport o t e compan t e intan i le o t e compan incl de ood ill ands h u R f h y, h g b s f h y u G w
ot er intan i le a et A per A relea ed nternational Acco ntin tandard oard t eh g b ss s. s I S 38 s by I u g S s B , h
compan a iced all t e di clo re re irement it re pect to intan i le a et A pery h s suff h s su qu s w h s g b ss s. s
t e A t e intan i le o ld e al ed at co t initiall and later on t e ame can eh I S, h g b s sh u b v u s y h s b
reco ni ed eit er at co t or it can e re al ed a ell A compan i al o re ired to i eg z h s b v u s w . y s s qu g v
T e compan ic a een anal ed ere i orporation imited ic i li ted on t eh y wh h h s b yz h s K & S C L , wh h s s h
A tralian toc c an e t deal in lo i tic tran portation are o e mana ementus S k Ex h g . I s g s s, s , w h us g ,
di tri tion c annel mana ement and contract mana ement t i ead artered in A tralias bu h g g . I s h qu us
and a ma or di i ion namel el A tralian tran port and t e e ealand Tran porth s 3 j v s s y Fu s, us s h N w Z s .
T e el di i ion o t e compan i dealin in di tri tin o el to t e c tomer rom arioh fu v s f h y s g s bu g f fu s h us s f v us
ector li e t o e o i in armin and ot er retail ector c tomer in t e o t ea t A tralias s k h s f f sh g, f g h s us h S u h s us
elton(B , 2017) T e e ealand tran port di i ion i en a ed in pro idin t e lo i tic er ice. h N w Z s v s s g g v g h g s s v s
to t e c tomer in e ealand and imilar i t e ca e or A tralia Tran port T e i enh us s N w Z s s h s f us s . h g v
report i li t t eh gh gh s h inancial a pect and t e reportin i e it re pect to t e tan i le andf s s h g ssu s w h s h g b
intan i le a et o compan t e pro i ion contin ent a et and lia ilitie appearin in t eg b ss s f y, h v s , g ss s b s g h
oo and t e re en e and lea e acco ntin To ard t e end o t e t d nece arb ks h v u s s s u g. w s h f h s u y, ss y
concl ion a e een dra n on t e i en a pectus s h v b w h g v s s rom ic capen(B w h & S s, 2016).
Property, Plant & Equipment
T e alance o propert plant and e ipment o t e compan a onh b f y, qu f h y s 30th ne tand atJu 2017 s s $
M T e plant and e ipment are ein al ed at co t red ced acc m lated350.998 N. h s qu ’s b g v u s u by u u
depreciation and t e impairment lo e i an a o date imilarl t e land and ildin areh ss s, f y, s f . S y, h bu gs
ein al ed at air al e red ced acc m lated depreciation and t e impairment lo e ib g v u f v u s u by u u h ss s, f
an till date ince it i a non deprecia le a ety, s s - b ss a(D s, 2017).
Alternati el t e plant and t e e ipment can al o e al ed at mar et price le t ev y, h s h qu s b v u k ss h
acc m lated depreciation till date T e mar et al e i omet in at ic t e er and elleru u . h k v u s s h g wh h h buy s
or t e a et or lia ilit i illin to e c an e t e ame at arm len t price n c ah ss b y s w g x h g h s ’s g h s. I su h
tran action it i a med t at ot t e partie in ol ed in t e tran action are a ins , s ssu h b h h s v v h s h v g
con idera le no led e o al ation o t e a et and lia ilitie and no deci ion i ein dones b k w g f v u f h ss s b s s s b g
nder comp l ion n ca e t e al ation i ein done in t i manner it ill o a tr e and airu u s . I s h v u s b g h s , w sh w u f
mar et al e o a et in t e oo a on t e i en alance eet date a t e al e o a etk v u f ss h b ks s h g v b sh s h v u f ss s
ne er remain con tant con iderin time al e o monev s s s g v u f y Ale ander( x , 2016).
Intangible assets
A per t e Ann al eport o t e compan t e intan i le o t e compan incl de ood ill ands h u R f h y, h g b s f h y u G w
ot er intan i le a et A per A relea ed nternational Acco ntin tandard oard t eh g b ss s. s I S 38 s by I u g S s B , h
compan a iced all t e di clo re re irement it re pect to intan i le a et A pery h s suff h s su qu s w h s g b ss s. s
t e A t e intan i le o ld e al ed at co t initiall and later on t e ame can eh I S, h g b s sh u b v u s y h s b
reco ni ed eit er at co t or it can e re al ed a ell A compan i al o re ired to i eg z h s b v u s w . y s s qu g v

in ormation on t e di erent cla e o intan i le a et appearin in t e alance eetf h ff ss s f g b ss g h b sh
di erentiatin et een t e el enerated and t e ac ired intan i leff g b w h s f-g h qu g b s arlin(C , 2009).
T e met od adopted orporation or al ation o t e ood ill a een clearlh h by K & S C f v u f h G w h s b y
di clo ed in t e note to acco nt t i not el enerated t a een ac ired in t e ines s h s u s. I s s f-g bu h s b qu h bus ss
com ination T e compan a di clo ed t at t e a e al ed t e ood ill at co t leb . h y h s s s h h y h v v u h g w s ss
impairment lo i an T e impairment lo i an on t e ood ill cannot e re er edss, f y. h ss, f y, h g w b v s .
imilarl t e compan a di clo ed t e al ation o ot er intan i le a et a ell alon itS y, h y h s s s h v u f h g b ss s s w g w h
t e e l li e t at a e een con idered or eac o t e a et T e a et ic are a inh us fu v s h h v b s f h f h ss s. h ss s wh h h v g
t e inite li e are ein amorti ed o er t e e l li e period onlh f f b g z v h us fu f y ic e(D h v, 2017).
Provisions, Contingent Liabilities (commitments) and Contingent
Assets
Pro i ion ma e de ined a lia ilit ic a not et een materiali ed t ic i certain tov s y b f s b y wh h h s y b z bu wh h s
occ r in t e comin t re and ic can e mea red it relia ilit t i a reco ni ed in t eu h g fu u wh h b su w h b y. I s g z h
oo en t e o li ation ari e d e to ome pa t e ent and ic in ol e t e o t lo ob ks wh h b g s s u s s v s wh h v v s h u f w f
re o rce and a relia le e timate o t e ame can e done T e compan a di clo ed all t es u s b s f h s b . h y h s s s h
pro i ion alon it t e a i in t e note on inancial tatement and al o mentionedv s s g w h h b s s h s f s s s
in ormation a o t it re er alf b u s v s li(Fé x, 2017) t e compan i e pectin t e amo nt to e. If h y s x g h u b
reim r ed t en t e reim r a le amo nt i ein o n a a et and e pen e net obu s , h h bu s b u s b g sh w s ss s x s s f
reim r ement i ein o n on t e lia ilit n ca e t e time al e i in ol ed t e companbu s s b g sh w h b y. I s h v u s v v , h y
a ed t e concept o di co ntin t e pro i ion amo nt a e i tin mar et rate T eh s us h f s u g h v s u s x s g k . h
compan alance eet a ot c rrent and non c rrenty’s b sh h s b h u - u pro i ion in t e orm o emplo eev s s h f f y
ene it and or men compen ation pro i ion etcb f s w k s v s s, .
ontin ent lia ilit i a lia ilit ic ma e inc rred on t e appenin o ome e ent ic iC g b y s b y wh h y b u h h g f s v wh h s
c rrentl ncertain T i i omet in ic a not et materiali ed and t ere ore i einu y u . h s s s h g wh h h s y z h f s b g
o n a note to t e inancial tatement T e compan a di clo ed t e contin ent lia ilitsh w s s h f s s. h y h s s s h g b y
o interloc in arantee i en compan to t e idiarie and t e le al claim in relationf k g gu s g v by y h subs s h g
to t e ameh s erner(W , 2017).
n addition to t e a o e t e compan al o a minor le al claim ic are pendin a ain t itI h b v , h y s h s g s wh h g g s .
T e lia ilit or t e ame a not et een admitted and t e claim are ein de ended in t eh b y f h s h s y b h s b g f h
co rt ere t e amo nt a een con idered to e er in i ni icant t e director T ere areu . H h u h s b s b v y s g f by h s. h
enerall t o ie to reportin o t e contin ent lia ilit ir t i t e amo nt i in i ni icant ag y w v ws g f h g b y, f s f h u s s g f s
in t i ca e and it i not e pected to materiali e t en it di clo re ma a ect in e torh s s s x z , h s s su y ff v s ’s
deci ion de pite not a in critical impact on inancial econdl i t e ame i di clo ed its s h v g f s. S y, f h s s s s ,
di erentiatin et een t e el enerated and t e ac ired intan i leff g b w h s f-g h qu g b s arlin(C , 2009).
T e met od adopted orporation or al ation o t e ood ill a een clearlh h by K & S C f v u f h G w h s b y
di clo ed in t e note to acco nt t i not el enerated t a een ac ired in t e ines s h s u s. I s s f-g bu h s b qu h bus ss
com ination T e compan a di clo ed t at t e a e al ed t e ood ill at co t leb . h y h s s s h h y h v v u h g w s ss
impairment lo i an T e impairment lo i an on t e ood ill cannot e re er edss, f y. h ss, f y, h g w b v s .
imilarl t e compan a di clo ed t e al ation o ot er intan i le a et a ell alon itS y, h y h s s s h v u f h g b ss s s w g w h
t e e l li e t at a e een con idered or eac o t e a et T e a et ic are a inh us fu v s h h v b s f h f h ss s. h ss s wh h h v g
t e inite li e are ein amorti ed o er t e e l li e period onlh f f b g z v h us fu f y ic e(D h v, 2017).
Provisions, Contingent Liabilities (commitments) and Contingent
Assets
Pro i ion ma e de ined a lia ilit ic a not et een materiali ed t ic i certain tov s y b f s b y wh h h s y b z bu wh h s
occ r in t e comin t re and ic can e mea red it relia ilit t i a reco ni ed in t eu h g fu u wh h b su w h b y. I s g z h
oo en t e o li ation ari e d e to ome pa t e ent and ic in ol e t e o t lo ob ks wh h b g s s u s s v s wh h v v s h u f w f
re o rce and a relia le e timate o t e ame can e done T e compan a di clo ed all t es u s b s f h s b . h y h s s s h
pro i ion alon it t e a i in t e note on inancial tatement and al o mentionedv s s g w h h b s s h s f s s s
in ormation a o t it re er alf b u s v s li(Fé x, 2017) t e compan i e pectin t e amo nt to e. If h y s x g h u b
reim r ed t en t e reim r a le amo nt i ein o n a a et and e pen e net obu s , h h bu s b u s b g sh w s ss s x s s f
reim r ement i ein o n on t e lia ilit n ca e t e time al e i in ol ed t e companbu s s b g sh w h b y. I s h v u s v v , h y
a ed t e concept o di co ntin t e pro i ion amo nt a e i tin mar et rate T eh s us h f s u g h v s u s x s g k . h
compan alance eet a ot c rrent and non c rrenty’s b sh h s b h u - u pro i ion in t e orm o emplo eev s s h f f y
ene it and or men compen ation pro i ion etcb f s w k s v s s, .
ontin ent lia ilit i a lia ilit ic ma e inc rred on t e appenin o ome e ent ic iC g b y s b y wh h y b u h h g f s v wh h s
c rrentl ncertain T i i omet in ic a not et materiali ed and t ere ore i einu y u . h s s s h g wh h h s y z h f s b g
o n a note to t e inancial tatement T e compan a di clo ed t e contin ent lia ilitsh w s s h f s s. h y h s s s h g b y
o interloc in arantee i en compan to t e idiarie and t e le al claim in relationf k g gu s g v by y h subs s h g
to t e ameh s erner(W , 2017).
n addition to t e a o e t e compan al o a minor le al claim ic are pendin a ain t itI h b v , h y s h s g s wh h g g s .
T e lia ilit or t e ame a not et een admitted and t e claim are ein de ended in t eh b y f h s h s y b h s b g f h
co rt ere t e amo nt a een con idered to e er in i ni icant t e director T ere areu . H h u h s b s b v y s g f by h s. h
enerall t o ie to reportin o t e contin ent lia ilit ir t i t e amo nt i in i ni icant ag y w v ws g f h g b y, f s f h u s s g f s
in t i ca e and it i not e pected to materiali e t en it di clo re ma a ect in e torh s s s x z , h s s su y ff v s ’s
deci ion de pite not a in critical impact on inancial econdl i t e ame i di clo ed its s h v g f s. S y, f h s s s s ,
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lead to tran parenc and ia ilit o t e inancial tatement and t enco ra e lo als s y v b y f h f s hus u g s g b
reportin tandardg s s oole(G y, 2016).
ontin ent a et are a et ic a ain are dependent on t e appenin o ome t re e entC g ss s ss s wh h g h h g f s fu u v
and mi t re lt in a ain A per t e concept o pr dence it i ad i a le not to report an cgh su g . s h f u , s v s b y su h
t ri tic ain or a et in t e oo o acco nt and t ere ore t e i en compan in and afu u s g ss h b ks f u s h f h g v y h h s
not recorded an c a et in it ooy su h ss s b ks.
Leases
T e lea e can e cate ori ed into inance lea e and operatin lea e inance lea e i con ideredh s b g z f s g s . F s s s
a one o t e inancial a et o t e compan n t e i en ca e t e compan a ac ireds f h f ss s f h y. I h g v s , h y h s qu
Propert plant and e ipment ort million t ro inance lea e T e compan ay, qu w h $46.10 h ugh f s . h y h s
a ided AA on lea e and di c ed on t e cla i ication and al ation o t e lea e inb by SB 16 s s s uss h ss f v u f h s s
oob ks e er on(J ff s , 2017) t a cla i ied t o e a et a le el a et t e lea e to e lon term. I h s ss f h s ss s s v 2 ss s, h s b g
lea e and t e e pen e on acco nt o t e ame to es s h x s s u f h s b operatin lea e T e compan ag s s. h y h s
lea ed certain premi e in A tralia e ealand e o t ale ictoria and ort erns s s us , N w Z , N w S u h W s, V N h
Territor T e operatin lea e rental a een cla i ied compan into cate orie namely. h g s h s b ss f by y 3 g s y
le t an mont more t an mont t le t an ear and more t an ear T ess h 12 hs, h 12 hs bu ss h 5 y s h 5 y s. h
compan al o lea e e o t e propert nder non cancella le lea e a reement ran in romy s s s f w f h y u - b s g s g g f
ear to ear ic can rt er e rene ed1 y 15 y s, wh h fu h b w
Revenue
e en e reco nition i one t in ic i er important and critical or an companR v u g s h g wh h s v y f y y. K & S
orporation imited reco ni e re en e en t e condition are met a per t e acco ntinC L g z s v u wh h s s h u g
tandard T e e condition are ri and o ner ip in t e ood m t a e een tran erreds s. h s s sk w sh h g s us h v b sf ,
t e economic ene it i certain to ari e to t e entit and amo nt i collecti le and it can eh b f s s h y u s b b
relia l mea redb y su nec el alterio(K h & S , 2016) t e amo nt i not certain or t e. If h u s h economic
ene it to entit i not certain t e amo nt i not reco ni ed a re en e T e i en companb f y s , h u s g z s v u . h g v y
a mentioned ome peci ic detail it re pect to reco nition o re en e ome o ic areh s s s f s w h s g f v u , s f wh h
mentioned elob w:
1. ale o ood or reco nition o re en e in ca e o ale o ood t e compan m tS f g s: F g f v u s f s f g s, h y us
a e tran erred t e ri and re ard to t e er and t e amo nt m t e mea ra leh v sf h sk w h buy h u us b su b .
T e ri and re ard i con idered to e tran erred on t e deli er o t e ood T eh sk w s s b sf h v y f h g s. h
amo nt reco ni ed a re en e i net o di co nt and ale ret rn n ca e o el t eu g z s v u s f s u s s u . I s f fu , h
re en e i reco ni ed en t e el i pro idedv u s g z wh h fu s v .
reportin tandardg s s oole(G y, 2016).
ontin ent a et are a et ic a ain are dependent on t e appenin o ome t re e entC g ss s ss s wh h g h h g f s fu u v
and mi t re lt in a ain A per t e concept o pr dence it i ad i a le not to report an cgh su g . s h f u , s v s b y su h
t ri tic ain or a et in t e oo o acco nt and t ere ore t e i en compan in and afu u s g ss h b ks f u s h f h g v y h h s
not recorded an c a et in it ooy su h ss s b ks.
Leases
T e lea e can e cate ori ed into inance lea e and operatin lea e inance lea e i con ideredh s b g z f s g s . F s s s
a one o t e inancial a et o t e compan n t e i en ca e t e compan a ac ireds f h f ss s f h y. I h g v s , h y h s qu
Propert plant and e ipment ort million t ro inance lea e T e compan ay, qu w h $46.10 h ugh f s . h y h s
a ided AA on lea e and di c ed on t e cla i ication and al ation o t e lea e inb by SB 16 s s s uss h ss f v u f h s s
oob ks e er on(J ff s , 2017) t a cla i ied t o e a et a le el a et t e lea e to e lon term. I h s ss f h s ss s s v 2 ss s, h s b g
lea e and t e e pen e on acco nt o t e ame to es s h x s s u f h s b operatin lea e T e compan ag s s. h y h s
lea ed certain premi e in A tralia e ealand e o t ale ictoria and ort erns s s us , N w Z , N w S u h W s, V N h
Territor T e operatin lea e rental a een cla i ied compan into cate orie namely. h g s h s b ss f by y 3 g s y
le t an mont more t an mont t le t an ear and more t an ear T ess h 12 hs, h 12 hs bu ss h 5 y s h 5 y s. h
compan al o lea e e o t e propert nder non cancella le lea e a reement ran in romy s s s f w f h y u - b s g s g g f
ear to ear ic can rt er e rene ed1 y 15 y s, wh h fu h b w
Revenue
e en e reco nition i one t in ic i er important and critical or an companR v u g s h g wh h s v y f y y. K & S
orporation imited reco ni e re en e en t e condition are met a per t e acco ntinC L g z s v u wh h s s h u g
tandard T e e condition are ri and o ner ip in t e ood m t a e een tran erreds s. h s s sk w sh h g s us h v b sf ,
t e economic ene it i certain to ari e to t e entit and amo nt i collecti le and it can eh b f s s h y u s b b
relia l mea redb y su nec el alterio(K h & S , 2016) t e amo nt i not certain or t e. If h u s h economic
ene it to entit i not certain t e amo nt i not reco ni ed a re en e T e i en companb f y s , h u s g z s v u . h g v y
a mentioned ome peci ic detail it re pect to reco nition o re en e ome o ic areh s s s f s w h s g f v u , s f wh h
mentioned elob w:
1. ale o ood or reco nition o re en e in ca e o ale o ood t e compan m tS f g s: F g f v u s f s f g s, h y us
a e tran erred t e ri and re ard to t e er and t e amo nt m t e mea ra leh v sf h sk w h buy h u us b su b .
T e ri and re ard i con idered to e tran erred on t e deli er o t e ood T eh sk w s s b sf h v y f h g s. h
amo nt reco ni ed a re en e i net o di co nt and ale ret rn n ca e o el t eu g z s v u s f s u s s u . I s f fu , h
re en e i reco ni ed en t e el i pro idedv u s g z wh h fu s v .

2. Pro i ion o er ice T e compan i reco ni ed t e re en e rom are o inv s f s v s: h y s g z h v u f w h us g
mana ement on pro i ion o re i ite er ice and ere t e amo nt i certaing v s f qu s s v s wh h u s ,
collecti le and mea ra leb su b emin a(H w y, 2017).
3. ntere t or reco ni in t e intere t re en e t e compan e t e e ecti e intere tI s : F g z g h s v u , h y us s h ff v s
met od nder t i intere t amo nt i ein calc lated at t e amorti ed co t o t eh . U h s, s u s b g u h z s f h
inancial a et a per t e e ecti e intere t rate ic i t e di co ntin rate and t enf ss s h ff v s wh h s h s u g h
t e intere t re en e i ein allocated o er t e rele ant periodh s v u s b g v h v .
4. i idend T e di idend re en e i reco ni ed en t e ame a een declared t eD v : h v v u s g z wh h s h s b by h
compan and t e ri t to recei e t e ame a een recei edy h gh v h s h s b v .
Conclusion
rom t e a o e di c ion and anal i on t e ann al report o orporation imited itF h b v s uss ys s h u f K & H C L ,
can e concl ded t at t e ann al report or ear endedb u h h u f y 30th ne a een prepared inJu 2017 h s b
compliance it t e A tralian Acco ntin tandard and all t e rele ant note and di clo rew h h us u g S s h v s s su s
a e een made in ann al report All t e al ation re en e acco ntin e timate and t eh v b u . h v u s, v u u g, s s h
a i o a mption a een nicel e plained ma in it tran parent and relia le or t e endb s s f ssu h s b y x k g s b f h
erus .
mana ement on pro i ion o re i ite er ice and ere t e amo nt i certaing v s f qu s s v s wh h u s ,
collecti le and mea ra leb su b emin a(H w y, 2017).
3. ntere t or reco ni in t e intere t re en e t e compan e t e e ecti e intere tI s : F g z g h s v u , h y us s h ff v s
met od nder t i intere t amo nt i ein calc lated at t e amorti ed co t o t eh . U h s, s u s b g u h z s f h
inancial a et a per t e e ecti e intere t rate ic i t e di co ntin rate and t enf ss s h ff v s wh h s h s u g h
t e intere t re en e i ein allocated o er t e rele ant periodh s v u s b g v h v .
4. i idend T e di idend re en e i reco ni ed en t e ame a een declared t eD v : h v v u s g z wh h s h s b by h
compan and t e ri t to recei e t e ame a een recei edy h gh v h s h s b v .
Conclusion
rom t e a o e di c ion and anal i on t e ann al report o orporation imited itF h b v s uss ys s h u f K & H C L ,
can e concl ded t at t e ann al report or ear endedb u h h u f y 30th ne a een prepared inJu 2017 h s b
compliance it t e A tralian Acco ntin tandard and all t e rele ant note and di clo rew h h us u g S s h v s s su s
a e een made in ann al report All t e al ation re en e acco ntin e timate and t eh v b u . h v u s, v u u g, s s h
a i o a mption a een nicel e plained ma in it tran parent and relia le or t e endb s s f ssu h s b y x k g s b f h
erus .

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o rnal o inancial eportin Acco ntin
J u f F R g & u g,, pp7(1), . 75-104.
a P inancin Pattern and tili ation o i ed A et A t dD s, ., 2017. F g U z f F x ss s - S u y.
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u g Bus ss
e earc
R s h, pp47(6), . 617-632.
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in rance companiesu s.
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S ER HESIS, pp. 1-69.
ooleG y, J., 2016.
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s f us C L w. A tralia e i e ius : L x s N x s.
emin a are older ealt Ma imi ation a a nction o tat te eci ional a andH w y, J., 2017. Sh h W h x z s Fu f S u s, D s L w,
r anic oc mentO g D u s.
SSRN, pp. 1-35.
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h g F s g S Ch g , pp. 353-354.
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A ditin A rance and i
u g: ssu
R sk. o rt ed e or o tled ef u h . N w Y k: R u g .
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I
J u f u g I f
Sys s, pp25(1), . 57-80.
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T e o rnal o i er d cation
h J u f H gh E u , pp71(4), .
411-431.
elton PB , ., 2017.
ompetiti e trate reatin and tainin perior Per ormance
C v S gy: C g Sus g Su
f . ondon MacatL :
nternational ltdI .
rom ic M capen Mana ement Acco ntin e earc ear onB w h, . & S s, R., 2016. g u g R s h: 25 y s .
Mana ement
g
Acco ntin e earc
u g R s h, pp31(1), . 1-9.
arlin T a ood ill acco ntin in Mala ia and t e tran ition to a complianceC , . F. N. . L. N., 2009. G w u g ys h s IFRS –
a e ment o lar e ir t ear adopterss ss f g f s y s.
o rnal o inancial eportin Acco ntin
J u f F R g & u g,, pp7(1), . 75-104.
a P inancin Pattern and tili ation o i ed A et A t dD s, ., 2017. F g U z f F x ss s - S u y.
A ian o rnal o ocial cience
s J u f S S
t die
S u s, pp2(2), . 10-17.
ic e n t e concept al o ndation o inancial reportinD h v, I., 2017. O h u f u s f f g.
Acco ntin and ine
u g Bus ss
e earc
R s h, pp47(6), . 617-632.
li M A t d on t e e pected impact o on t e tran parenc o inancial tatement oFé x, ., 2017. s u y h x f IFRS 17 h s y f f s s f
in rance companiesu s.
MA T T
S ER HESIS, pp. 1-69.
ooleG y, J., 2016.
Principle o A tralian ontract a
s f us C L w. A tralia e i e ius : L x s N x s.
emin a are older ealt Ma imi ation a a nction o tat te eci ional a andH w y, J., 2017. Sh h W h x z s Fu f S u s, D s L w,
r anic oc mentO g D u s.
SSRN, pp. 1-35.
e er on M ner omple it and ealt Ma imi ation A re prin er it erlandJ ff s , ., 2017. E gy, C x y W h x z , R. y s. S g , Sw z .Tec nolo ical oreca tin and ocial an e
h g F s g S Ch g , pp. 353-354.
nec el alterioK h , W. & S , S., 2016.
A ditin A rance and i
u g: ssu
R sk. o rt ed e or o tled ef u h . N w Y k: R u g .
erner M inancial proce minin Acco ntin data tr ct re dependent control loW , ., 2017. F ss g - u g s u u f w
in erencef .
nternational o rnal o Acco ntin n ormation tem
I
J u f u g I f
Sys s, pp25(1), . 57-80.
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