Agl Energy Limited
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ACCT 1110 – Accounting for Corporations tudent Name: Hui Daniel s3109770 Li Allen s3222285 Liu Nicole s3218667
Tutor Name: Dr. Mahesh Joshi Lecture Time: Tuesday 9:30 Assignment Due: Monday 7th of September 2009
Executive Summary
The purpose of this document is to record the analysis of AGL Energy Limited’s the external environment, internal business activities, financial situation and some parts of the annual report such as PPE, intangible asset and Leased assets & liabilities.
There are two main parts of this document. The first part is the industry analysis, which is through Porters 5 Forces to analyse the AGL’s position in its industry. The second part is the company analysis which concludes the introduction of main business of AGL and its financial performance. In addition, we compare the disclosure of PPE, intangible asset and leased assets & liabilities in the annual report 2008 with the AASB. After the analysis, it is clear to discover that the rules followed by the AGL comply with the AASB framework.
Introduction
AGL Energy Limited (AGK) began trading in the Australian Stock Exchange on the 12th of October 2006, and is the second largest provider in the gas, electricity and water supply in Australia holding a market share of 8.3% in 2008 behind Origin Energy with a 12.6% market share. (IBISWorld 2008)
Supplying over 3.2 million customer accounts with diversity across geography, fuel type and generation mix providing AGL with a substantial integrated generation portfolio.
Key business segments include the ‘Retail Division’ handling the purchase, sale and marketing of gas and electricity, as well as the ‘Merchant Business Division’ which is responsible for operating and maintaining AGL's power generation assets. These include Gas Development, involved in upstream gas developments; Wholesale Gas,
ACCT 1110 – Accounting for Corporations tudent Name: Hui Daniel s3109770 Li Allen s3222285 Liu Nicole s3218667
Tutor Name: Dr. Mahesh Joshi Lecture Time: Tuesday 9:30 Assignment Due: Monday 7th of September 2009
Executive Summary
The purpose of this document is to record the analysis of AGL Energy Limited’s the external environment, internal business activities, financial situation and some parts of the annual report such as PPE, intangible asset and Leased assets & liabilities.
There are two main parts of this document. The first part is the industry analysis, which is through Porters 5 Forces to analyse the AGL’s position in its industry. The second part is the company analysis which concludes the introduction of main business of AGL and its financial performance. In addition, we compare the disclosure of PPE, intangible asset and leased assets & liabilities in the annual report 2008 with the AASB. After the analysis, it is clear to discover that the rules followed by the AGL comply with the AASB framework.
Introduction
AGL Energy Limited (AGK) began trading in the Australian Stock Exchange on the 12th of October 2006, and is the second largest provider in the gas, electricity and water supply in Australia holding a market share of 8.3% in 2008 behind Origin Energy with a 12.6% market share. (IBISWorld 2008)
Supplying over 3.2 million customer accounts with diversity across geography, fuel type and generation mix providing AGL with a substantial integrated generation portfolio.
Key business segments include the ‘Retail Division’ handling the purchase, sale and marketing of gas and electricity, as well as the ‘Merchant Business Division’ which is responsible for operating and maintaining AGL's power generation assets. These include Gas Development, involved in upstream gas developments; Wholesale Gas,