Australian Companies Income before Tax and the Net Assets for the Year 2010 and 2011 - Example

Student’s name Course code+name Professor’s name University name Date of submission TABLE OF CONTENTS TABLE OF CONTENTS 2 1.0 Introduction 3 1.1 GPT Company 3 1.2 Sun Group Limited 3 1.3 Westpac Group limited 4 1.4 QBE Limited 4 1.5 Commonwealth Property Office Fund (CPA) 4 1.6 Stock land (SGP) 5 1.7 Perpetual Limited (PPT) 5 1.8 Australia Stock Exchange (ASX) 6 1.9 AMP Limited 6 1.10 CQR Limited 6 1.11 Bendigo and Adelaide bank (BEN) 7 1.12 BOQ Limited 7 1.13 Commonwealth Bank 7 1.14 Chattered hall office REIT (CQO) 8 1.15 FKP limited 8 1.16 ALZ Limited 8 1.17 ANZ Limited 9 1.18 BWP Limited 9 1.19 CFX Limited 10 1.20 NAB Company Limited 10 1.21 Mirvac Group Limited 10 1.22 Led Lease Limited 11 1.23 IOF Limited 11 1.24 Australian Insurance Group 11 1.0 Introduction This paper discusses the performance of 24 different companies in Australia comparing their income before tax and the net assets for the year 2010 and 2011. 1.1 GPT Company During the end of financial year 2011-2012 profit before tax dropped from 433.10 million dollars to 302.40 million dollars. It further records drop in the income tax by 4.6 million dollars. This information is tracked down from the audited financial statements of the company. Other comprehensive income also shows a drop from 90 million dollars to 52.10 million dollars This shows downward trends in the income of the company which is not a healthy signs of the company. Total equity attributed to the owners is recorded from the comprehensive statement of the company financial position. 1.2 Sun Group Limited The sun group poised a pretax profit of 702 million dollars for the financial year 2011 showing a drop from 2010 which pretax profit was 1118. This drop in pretax profit also affected tax expense of the year which dropped significantly. The low profit during the year can be as a result of low trading activities or as a result of increase in overhead expenses. Net company assets have increased from 14,018 million dollars to 13953 million dollars representing increase in the assets of the company. 1.3 Westpac Group limited The pre-tax profit increased in the year 2011 by 476 million dollars attributed to increase in sales of the company. Income tax expenses also decreased considerably compared with the year 2010. Company net Assets which is calculated by subtracting the total liability from the assets giving a positive increment form 40,118 million dollars in 2010 to 43808 million dollars in 2011. This is a positive indication on the company performance in terms of financial management. The shares of the company owners both the minority and the parent shares has increased. 1.4 QBE Limited The company performance has improved considerably in the past one year with a pre-tax profit of 56,169 million dollars unlike the previous year of 2010 which the pre-tax profit was only 50,410 million dollars. The company is exempted from paying income tax. The good performance of the company can be further seen in the net Asset which in 2011 stands at 986319 million dollars unlike in 2010 the net asset is at 792, 797 million dollars. This can only indicate that the total expenses has been reduced making the company to improve in their cash inflow management compared to the year before. 1.5 Commonwealth Property Office Fund (CPA) With increase in pre tax profit in the year 2011, to 197.70, the company performance is on the rise. The company is exempted from paying tax due to its nature. The net assets of the company has also increased and this is calculated by subtracting total liabilities from total assets, incase the net assets is positive then it shows that the company is solvent and is healthy to invest in. it also shows that the cash flow management of the company is good and up to date 1.6 Stock land (SGP) The performance of the stock land in the year2011 has improved with a pre-tax profit of 801.50 million dollars almost a half the pretax profit in 2010 0f 499.60 million dollars. The total comprehensive income also increased from 474.90 million dollars in 2010 to 697.50 million dollars in 2011 which is a positive improvement. Good performance of the company can also be seen in the improvement in the net asset value where in 2010 the company was insolvent with -3896.20 million to 8799.40 million dollars in 2011 this can be as a result of improvement in credit management and cash flow management. 1.7 Perpetual Limited (PPT) The financial performance of the company has decreased with decline with a pre tax profit of 95,751 million dollars from the down from 133,511 million dollars. This is a downward trend in the company performance and should act as indicator to the company management. Though the net asset of the company has improved with 376,101 million dollars up from 361,024 million dollars in 2010, this alone does not shows improvement in the company performance but an indicator of improvement in asset management. 1.8 Australia Stock Exchange (ASX) The income of the company has improved with a pretax profit of 500, 122 million dollars up from 466,150 million dollars in the year 2010. This improvement can be attributed to increase in trading in the stock exchange. The net assets of the stock have also improved showing positive trading activities. 1.9 AMP Limited The AMP limited poised a pretax profit of 786 million dollars for the financial year 2011 showing a drop from 2010 which pretax profit was 890. This drop in pretax profit also affected tax expense of the year which dropped significantly. The low profit during the year can be as a result of low trading activities or as a result of increase in overhead expenses. Net company assets have increased from 3360.50 million dollars to 3632.60 million dollars representing increase in the assets of the company. This is a good indication of the company. 1.10 CQR Limited The pre-tax profit increased in the year 2011 from 234 million dollars in 2010 to 3456 million dollars in 2011this increase is attributed to increase in sales of the company. Income tax expenses also increased considerably compared with the year 2010. Company net Assets which are calculated by subtracting the total liability from the assets giving a positive increment form 2553.10 million dollars in 2010 to 25048 million dollars in 2011. This is a positive indication on the company performance in terms of financial management. The shares of the company owners both the minority and the parent shares has increased. 1.11 Bendigo and Adelaide bank (BEN) The company performance has improved considerably in the past one year with a pre-tax profit of 424.50 million dollars unlike the previous year of 2010 which the pre-tax profit was only 350.70 million dollars. The company is exempted from paying income tax. The good performance of the company can be further seen in the net Asset which in 2011 stands at 3960.10 million dollars unlike in 2010 the net asset is at 3880.40 million dollars. This can only indicate that the total expenses has been reduced making the company to improve in their cash inflow management compared to the year before. 1.12 BOQ Limited The financial performance of the company has decreased with decline with a pre tax profit of 221.80 million dollars 2011the down from 258.10 million dollars in 2010. This is a downward trend in the company performance and should act as indicator to the company management. Though the net asset of the company has improved with 2573.70 million dollars 2011 up from 2404.80 million dollars in 2010, this alone does not shows improvement in the company performance but an indicator of improvement in asset management. The improvement is also very slim. 1.13 Commonwealth Bank With increase in pre tax profit in the year 2011, by 864 million dollars, the company performance is on the rise. The net assets of the company has also increased and this is calculated by subtracting total liabilities from total assets, incase the net assets is positive then it shows that the company is solvent and is healthy to invest in. it also shows that the cash flow management of the company is good and up to date in 2010 net asset value was 35570million dollars while in 2011 it increased to 3727 million dollars. 1.14 Chattered hall office REIT (CQO) The chattered hall company posted a pre tax profit of 107.50 million dollars in 2011 compared with 70.40 dollars in 2010. This increase might have been as a result in decreased in overhead expenses and increase in trading activities. Though the company net assets have decreased and this might be as a result of increased total liability of the company though the company is still in a good state. The net assets in 2011 were 1854.60 million dollars compared with 2068.20 million dollars in 2010. 1.15 FKP limited The performance of the stock land in the year2011 has improved with a pre-tax profit of 118.20 million dollars almost a half the pretax profit in 2010 of 76.30 million dollars. The total comprehensive income also increased from 52.60 million dollars in 2010 to 77 million dollars in 2011 which is a positive improvement. Good performance of the company can also be seen in the improvement in the net asset value where in 2010 the company net asset was 1474.20 million to 1531.40 million dollars in 2011 this can be as a result of improvement in credit management and cash flow management 1.16 ALZ Limited The financial performance of the company has decreased with decline with a pre tax profit of 166,411 million dollars 2011the down from 187,943 million dollars in 2010. This is a downward trend in the company performance and should act as indicator to the company management. Net assets of the company have also decreased considerably if compared with the previous financial year. In 2010 the net assets were at 2299685million dollars while in 2011 it dropped to 2,266,004 million dollars. This is not a good indication on the debt management of the company. 1.17 ANZ Limited The company performance has improved considerably in the past one year with a pre-tax profit of 7672 million dollars unlike the previous year of 2010 which the pre-tax profit was only 6601 million dollars. The company is exempted from paying income tax. The good performance of the company can be further seen in the net Asset which in 2011 stands at 37,954 million dollars unlike in 2010 the net asset is at 34,155 million dollars. This can only indicate that the total expenses has been reduced making the company to improve in their cash inflow management compared to the year before 1.18 BWP Limited The financial performance of the company has decreased with decline with a pre tax profit of 81,479 million dollars 2011the down from 92,182 million dollars in 2010. This is a downward trend in the company performance and should act as indicator to the company management. Net assets of the company have also increased considerably if compared with the previous financial year. In 2010 the net assets were at 792,797 million dollars while in 2011 it dropped to 986,319 million dollars. This is not a good indication on the debt management of the company though the overall net assets have increased. 1.19 CFX Limited The improved performance of the company in the year2011 can be seen with a pre-tax profit of 532.60 million dollars almost a half the pretax profit in 2010 of 315 million dollars. Good performance of the company can also be seen in the improvement in the net asset value where in 2010 the company net asset was 5061.10 million to 5835.80 million dollars in 2011 this can be as a result of improvement in credit management and cash flow management 1.20 NAB Company Limited The income of the company has improved with a pretax profit of 6,728 million dollars up from 5676 million dollars in the year 2010. This improvement can be attributed to increase in trading in the company. The net assets of the stock have also improved showing positive trading activities 1.21 Mirvac Group Limited The company financial performance has decreased compared to the year 2010. In 2011 the pretax profit is only79million dollars compared 229.60 million dollars in 2010. If the company performance continues in the same trend then it is heading losses which are not a good thing for the company management. 1.22 Led Lease Limited The company improved their pretax profit from 450.80 million dollars in 2010 to 631.50 million dollars in 2011. This is and indication that the company is in a good trend. The net asset of the company also increased from 3360.50 million dollars in 2010 to 3632.60 million dollars 1.23 IOF Limited The company improved their pretax profit from 39.20 million dollars in 2010 to 197 million dollars in 2011. This is and indication that the company is in a good trend. The net asset of the company also increased from 2553.million dollars in 2010 to 25,048 million dollars 1.24 Australian Insurance Group The company improved their pretax profit from 402 million dollars in 2010 to 614 million dollars in 2011. This is and indication that the company is in a good trend. Though the net asset of the company has decreased from 4656 million dollars in 2010 to 4580 million dollars in 2011 Read More