This report provides a detailed financial analysis of National Australia Bank (NAB) and Westpac, focusing on their cash flow statements, statements of owner's equity, accounting of taxation, and other comprehensive income statements over the past three years. It includes a comparative investigation of each accounting period, examining line items within each financial statement for both companies. The analysis covers items such as comprehensive income, dividends, share issuances, and redemption of capital instruments within owner's equity; operating, investing, and financing activities within cash flow; and various components of other comprehensive income, including revaluation changes and currency adjustments. The report also assesses the debt and equity positions of both banks and explores the reasons behind the presentation of other comprehensive income items, offering insights valuable for investors assessing the financial health and future performance of these major Australian banking corporations. Desklib offers this document as part of its collection of student contributed assignments.
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