ACC5215: Company’s Annual Report - Accounting Assignment

Internal Code: MAS3444

Accounting Assignment:

1) Based on the information provided in the company’s Annual Report for Financial Year 2016, you have to answer the following sub-questions. 1) How many independent directors are there? 2) What is the number of directors of each gender? 3) Qualifications of three directors 4) Experience of these three directors 5) Are they on other boards and if so, what kind? 2) You have to work on the same company as you have selected in Part 1. a) As an in-house accountant of the selected company, you were asked to prepare a report to be used in its annual general meeting. b) The report needs to discuss the following matters using the information found in the company’s annual report for 2016 and the past years if necessary. (1) The current profitability level of the company, and how stable its profitability level has been for the past several years (2) How its dividend payments have been, and how has the company’s equity been growing in the recent years? (3) Is the company recognising any opportunity for the future growth (e.g., new business segments and/or new services)? (4) Is the company recognising any challenge in the current business activities (e.g., rise of the competitors)? a) What kind of lease does Spotless Group Holdings use for their offices? b) What kind of lease does Sportless Group Holdings use their equipment? 3) Why do you think they use the particular kind of lease in each case? How are these leases recorded in the Spotless Annual Report for 2016? (4) According to Qantas, what are some advantages and disadvantages of using different types of lease agreements (word limit: 100 words)? (5) Why do you think the Lease Standard (AASB 117) has been introduced?