i need help in accounting
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Required
Refer to the Australian Agricultural Company’s 2017 Financial Report available at:
https://aaco.com.au/investors-media/annual-reports
Cover Page
Please add a cover page that includes your name, student number, and the total number of words.
Part A
• Maximum of 500 words
• 9 marks
Looking at the Consolidated Income Statement as at 31 March 2017 (page 46), discuss the following items:
(i) Cattle fair value adjustments $300,026,000
• you will find additional information in Note A3, pages 54 – 56, to assist you in answering this question
(ii) Change in fair value of property $2,285,000
• you will find additional information in answering this question in Note A4 on pages 57 – 59
(iii) Net profit after tax, $71,586,000 and compare this item to total comprehensive income of $102,065,000 in the Consolidated Statement of Comprehensive Income for the year ended 31 March 2017 (page 47).
Part B
• Maximum of 500 words
• 9 marks
Looking at the Consolidated Statement of Financial Position as at 31 March 2017 (page 48), discuss the following items:
(i) Livestock $269,850,000 (under Current Assets) and Livestock $392,632,000 – under Non-Current Assets
• you will find additional information in Note A3, pages 54 – 56, to assist you in answering this question
(ii) Property, plant and equipment $792,373 (under non-Current Assets)
• you will find additional information in answering this question in Note A4 on pages 57 – 59).
(iii) Borrowings $362,918,000 (under Non-Current Liabilities)
• you will find additional information in Note C1, page 62, to assist you in answering this question
Part C
• Maximum of 500 words
• 12 marks
Looking at Note E1 and E2 on page 69, discuss the following items:
(i) Future minimum lease payments under non-cancellable operating leases for land and buildings of $7,718,000
(ii) The possible impact on Australian Agricultural Company of the introduction of Australian Accounting Standard AASB 16, Leases which will be effective for periods beginning on or after 1 January 2019
(iii) Other commitments
(iv) Contingencies
9 years ago
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