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The assignment has two parts namely Part A (65 points) & B (35 points). Part A will require you to undertake research choosing a company that is listed in the Australian Stock Exchange (ASX). As a rule, Public Companies engaged in Banking & Financing like ANZ and Westpac, Retailing like Wesfarmers and David Jones, Airlines like Qantas and Jetstar will not be allowed. Part B will involve a case study.
The assignment aims to develop an understanding of financial statements structure and their use in decision-making. The task is to choose a publicly listed company from the Australian Stock Exchange (ASX) which should be approved by your lecturer (as not to have the same companies from other groups) and analyse the financial statements.
This group project itself includes several assignments, each of which comprises a part of the students' task. However, it is well encouraged to include any additional information that students may think will be useful in conducting financial statements analysis of the selected company. The maximum number of members is 5. This is non-negotiable.
General Rules and Requirements:
The report should be prepared by a group with a maximum of three members. Reports must be confined to 2,500 words (+/- 5%). For Part A, a title page, table of contents page (based on your report headings), introduction, conclusion and references should be included. Font type should be Arial (size 11), paragraph spacing should be 1.5. For part B, follow the instructions in the assigned case or problem.
Note: Any additional material from external sources that you 'copy and paste' into your report is NOT included in the word limit. Also, ensure it is appropriately referenced.
Part A1 (10 points)
Provide an executive summary of your company's background relating to business structure, operations, services and all other business activities that are conducted, etc.
Part A2 (20 points)
Use the annual report for the year ending 30 June 2014. Your group will need to review the major sections of this report in order to familiarize yourselves with the content of each of the financial statements and appropriate notes to the financial statements.
Review the balance sheet of the company and indicate the amount of the following: a) Total current assets
Compare the above figures with the previous year and compute the percentage increase or decrease and comment on the comparative financial condition of the company.
Part A3 (15 points) Review the income statement and indicate the following:
Compare the above figures with the previous year and compute the percentage increase or decrease and comment on the comparative financial operation of the company.
Part A4 (10 points)
Review the statement of cash flows for the most recent year and indicate the following:
Analyse the Cash Flow Statements for the last 2 years and comment on the cash position of the company.
Part A5 (10 points)
Review the stockholders’ equity section in your chosen company’s most recent year-end balance sheet and compare that with the previous year-end balance sheet. Compare percentage increase or decrease.
List the stockholders’ equity account balances and number of outstanding shares from these two balance sheets and compute the increase or decrease for each during this past year.
Part B Case Study (5 points ea. 35 points) Recently you received the following offers from the organizers of Melbourne Tennis Open 2015:
Now you can buy premium tickets to the coming Melbourne Tennis Open 2015 with signatures of your choice of popular tennis players like Rafael Nadal, Roger Federer to name a few. However, there are only 3,000 tickets that have these collectible features. ∙ Retail price: $300 each
∙ Tennis club members: $280 each
∙ To order, complete the online order form @ www.MTO2015.com.au. ∙ Allow 5 days for delivery
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Caltex traces its root back to 1900 in Australia, and in the current scenario, it is the market leader in transport fuel. Caltex deals in all categories of fuel, such as petrol, diesel and jet fuel. It has a strong network of supply chain, retailing and marketing network across the length and breadth of Australia. It has refineries in Sydney and Brisbane and markets its product under the brands of Caltex Star Mart, StarCard, StarCash, Bio E10 Unleaded and Delo. Keeping tap with the current situation, Caltex has introduced Biofuels sustainable to the environment. Caltex is instrumental in keeping it updated with the latest technology and accordingly made a strategy to promote itself through the usage of Caltex Fuel Cards and various sorts of online services. Customer satisfaction is one of the strategic issues that Caltex encase on and promote itself through a various rewards program and discounting strategies to woo the customer and maintain their loyalty in the long run.
A case study has been undertaken to review the financial performance of Caltex, a leading transport fuel company in Australia. For this, the figures would be derived from the year 2014 and compared with that of 2013, to see deviations if any, the company would have and whether its performance is improving or suffering.