JB - HiFi
4. In the report, a summary statistical analysis is often presented. What is the importance of the statement of accounting policies in interpreting these figures? Do you consider that the figures would be of benefit of users of the report?
The main aim of the annual financial report is to provide information so it can support economic decisions. The annual financial report must include the following items as they are required by accounting standards. (IAS 1/AAASB 101) a statement of financial position as at the end of the period a statement of profit or loss and other comprehensive income for period a statement of changes in equity for the period a statement of cash flows for the period notes, comprising a summary of significant accounting policies and other explanatory information.
The JB Hi-Fi Limited financial report has been prepared in accordance with Accounting Standard.
In the report there is a summary statistical analysis presented. This analysis presents the JB Hi-Fi Limited profit or loss, increasing or decreasing. This report is based on the consolidated financial statements which have been reviewed by Deloitte. Results for announcement to the market This information shows (Income – Expenses = Profit) the profit or loss. The profit and loss statement is a summary of the financial performance of a business. It reflects the past performance of the business. Dividend information When a corporation earns a profit or surplus, it can either re-invest it in the business or it can distribute it to shareholders. A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. Net Tangible Assets Per Security Tangible assets are items such as inventory, plant and equipment, tools, land and property, vehicles, and furniture
The brief explanation of the figures shows the announcement on the results for half-year, ending 31 December 2012.
This information gives us a summary of the financial
The main aim of the annual financial report is to provide information so it can support economic decisions. The annual financial report must include the following items as they are required by accounting standards. (IAS 1/AAASB 101) a statement of financial position as at the end of the period a statement of profit or loss and other comprehensive income for period a statement of changes in equity for the period a statement of cash flows for the period notes, comprising a summary of significant accounting policies and other explanatory information.
The JB Hi-Fi Limited financial report has been prepared in accordance with Accounting Standard.
In the report there is a summary statistical analysis presented. This analysis presents the JB Hi-Fi Limited profit or loss, increasing or decreasing. This report is based on the consolidated financial statements which have been reviewed by Deloitte. Results for announcement to the market This information shows (Income – Expenses = Profit) the profit or loss. The profit and loss statement is a summary of the financial performance of a business. It reflects the past performance of the business. Dividend information When a corporation earns a profit or surplus, it can either re-invest it in the business or it can distribute it to shareholders. A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. Net Tangible Assets Per Security Tangible assets are items such as inventory, plant and equipment, tools, land and property, vehicles, and furniture
The brief explanation of the figures shows the announcement on the results for half-year, ending 31 December 2012.
This information gives us a summary of the financial