Assessment Task to be completed using the company SANTOS’ Annual Report 2012:

Accounting Assignment
SAMPLE!

1.
Company Information

(a) Name: JB HI-FI
(b) ASX Code: JBH
(c) Address: Lvl 4, Office Tower 2,
Chadstone Pl, Chadstone Shopping Centre, 1341 Dandenong Rd, Chadstone VIC
(d) Website
(e) GICs Industry Group: Retailing

Reference: asx.com.au, company
information for JB HI FI

2.
New Article: Heavy discounting hits JB
HI-FI
From: smh.com.au
Date: 27 April 2012
Summary: …….

3.
Income Statement

a)
Discuss the information given by this ratio….
b)
Net
Profit Margin for JB HI-FI

2010
Net Profit Margin = 118,652 / 2,731,320 = 0.04 or 4%
2011
Net Profit Margin = …
c) Every $1 of sales revenue becomes
4cents in net profit in 2010
Compare the two years,
did the ratio increase or decrease….what does this mean for the business?

Reference: JB HI-FI Annual Report 2011
page 42: Income Statement

4.
Balance Sheet

a)
The
largest asset for JB HI-FI is Inventories at $406,939,000
b)
Retained
earnings is $90,079,000
c)
Retained
Earnings fell $146m due to the payment of dividends ($88m) and share buyback
($167m) more than offsetting profit ($110m)

5.
Statement of cash flows
a)
Cash
flow from Operating activities is an inflow of $109,045,000
b)
Cash
flow from Investing activities is an outflow of $43,919,000
c)
Cash
flow from Financing activities is outflow of $90,861,000
d)
Cash
generated from operations ($110m) and Borrowings ($163m) was generally used to
purchase buildings (-$45m), pay dividends (-$88m) and repurchase shares
(-$173m).

Reference: JB HI-FI Annual Report 2011
page 46: Statement of Cash Flows

6.
Notes to the Financial Statements

a)
Note
1 (t) Plant and Equipment: explains that plant and equipment is shown on the
Balance Sheet at cost – accumulated depreciation. This note gives the method
used to calculate depreciation: straight line method and shows the estimates
used in these calculations
Reference: JB HI-FI Annual Report 2011
page 55: Note 1 (t) plant and equipment

b) Note 5 Expenses, gives the amount and
description of the different expenses included in the Finance Costs category on
the Income Statement
Reference: JB HI-FI Annual Report 2011
page 58: Note 5

c)
Amount
paid for Audit Services: $335,000,000
Reference: JB HI-FI Annual Report 2011
page 63: Note 10

7.
Sustainability Report

a)
In
your own words, write a 1 page summary of the Sustainability report
b)
Discuss
how a specific action by your company mentioned in the sustainability report
(in regard to society or the environment) may affect its future financial
performance.
BACC001–Assignment
My
company is: _Santos_(Oil and Energy company)___________________________Background: Students who study accounting are
expected to be aware of current events that impact upon the profession and be
able to interpret financial and other information that companies prepare and
present to the public. This assignment will help you develop your ability to
research and present information in both of these areas. To successfully
complete this assignment, you will need to:
Locate and summarise online news articles
·
Locate company annual reports and other information
from their website·
Access
the ASX (Australian Security Exchange http://www.asx.com.au/ ) website for up to
date company information·
Use
the referencing provided in financial statements to find information in the
notes ·
Prepare
a summary of information with appropriate cross referencing between sources·
Paraphrase
and appropriately reference source material (Harvard style referencing). Access the latest
available annual report for your company (Santos Annual Report 2012).
Answer the following questions about the company. Use the group/
consolidated data for your company. 1.
Print
the company information (for your company) from asx.com.au. Give the following
information in your report: a)
Name
of the company b)
ASX
code c)
Office
address d)
Company
website address e)
The
GICs industry group your company belongs to 2.
Using
electronic sources, find one news article reporting the company’s annual profit
announcement. When is it dated? In your own words summarise the
information given in the article. (two popular
Australian news sites are:
www.smh.com.au or www.afr.com)3. Print the Statement
of Comprehensive Income. Answer these questions:a)
What
does the profit margin ratio measure in general?b)
Calculate
the profit margin ratio for the last two years. Show the numbers used in your
calculations. c)
Discuss
the company’s profit result for this year. Mention the ratios calculated and
the information contained in the news article.

4.
Print
the statement of financial position (balance sheet). Answer these
questions: a)
What
is the largest asset on the statement of financial position in the current
year? b)
How
much is the balance of retained earnings in the current year?c)
Did
retained earnings increase or decrease from the previous year? Why5.
Print
the statement of cash flows. Answer these questions: a)
Give
the amount of cashflow from operating activities.b)
Give
the amount of cashflow from investing activities. c)
Give
the amount of cashflow from financing activities. d)
Look
at the large inflows and outflows items in each category. Give a brief overview
of where the cash came from and where did it go over the period.6.
Look
at the Notes to the financial statements. For each of the following, print the
note and briefly describe its contents: a)
an
accounting method/policy applied in the company’s statementsb)
additional
detail about a number given in the financial statementsc)
amount
paid to auditors for audit services (only)7.
Sustainability report in the annual report: a)
In
your own words, write a 1 page summary of the Sustainability report.b)
Briefly
discuss how a specific action by your company mentioned in the sustainability
report (in regard to society or the environment) may affect its future
financial performance.Important requirements: Your report should contain an answer to each
question above. In each answer, show the question number, answer and a reference. The appendix should include all your
reference material. You need to print the source page you used to answer the question.
Using a highlighter,
indicate where the information comes from. Indicate which question is being answered.
Finally, attach the appendix to the back of your report. You must submit a soft copy of your typed
answers (not downloaded material or appendix) to Turnitin before your tutorial.
Use your name in the assignment name. What
you hand your tutor must include:1. A cover page with your name and student
number and signature 2. Answers to the questions, with references to the financial statements and
notes.3. An attached appendix containing print
outs showing the source for each answer. Please organise your appendix in
question order.