Origin Energy: Financial Performance, Ethical Issues, and Reporting

This report provides an analysis of Origin Energy, an Australian energy company, focusing on its financial performance and ethical considerations. The report highlights Origin Energy's role as a major electricity and gas provider, emphasizing its commitment to innovative energy solutions and strong financial results. It also addresses the company's ethical stance, including its Code of Conduct, which governs employee behavior and prohibits bribery and discrimination. Furthermore, the report examines Origin Energy's compliance with accounting standards, particularly the AASB and the Corporations Act 2001, as reflected in its annual reports. The report provides a comprehensive overview of Origin Energy's operations and its approach to financial reporting and ethical conduct.

Origin Company

1. The Origin Energy is an Australian energy company headquartered in Sydney. The
company is recognized as country’s major supplier of electricity and gas including solar
energy and LPG (Origin: Annual Report 2016. 2016).
2. Origin energy is being categorized as leading electricity and Gas Company by providing
innovative energy solutions to the people of Australia. It is delivering good financial
performance over the years with significant progress across its key operational areas
(Origin Energy, 2017).
3. The ethical issues relating to the company include preventing employees and contractors
from any reprisal, restriction of acceptance of bribes and gifts to public officials in any
form and preventing discrimination of employees. The company has implemented a Code
of conduct and governing policies for guiding the behavior and actions of its employees
so that they cat ethically and responsibly (Origin Energy, 2017).
4. The annual report analysis of Origin Energy states that it complies with the AASB and
conceptual accounting framework principles in development of its director’s
remuneration and auditor’s report. The general purpose financial statements of the
company are developed in accordance with the AASB standards as directed by the
Corporations Act 2001 (Origin: Annual Report 2016, 2016).

References
Origin: Annual Report 2016. 2016. [Online]. Available at:
https://www.originenergy.com.au/content/dam/origin/about/investors-media/senate-
submission-carbon-risk-disclosure-160331/Origin_Annual_Report_2016.pdf [Accessed
on: 16 August 2017].
Origin Energy. 2017. [Online]. Available at:
https://www.originenergy.com.au/about.html [Accessed on: 16 August 2017].