Jb Hifi - Balance Sheet Report
The Company:
The analysis was made on the annual report for the year ended 30 June 2009, of the company “JB Hi-Fi Limited” which is one of the largest retailer chain groups for home consumer products such as consumer electronics, electrical goods, software including music, games and movies. The company is operating with 123 stores (106 Branded JB Hi-Fi) spread across Australia and New Zealand, who’s head office is in Chadstone VIC 3148, Australia.
The Auditors
The company’s financial report ending 30 June 2009 was audited by Mr. DELOITTE TOUCHE TOHMATSU and Mr. TOM EMBASSI, of the Charted Accountants firm “DELOITTE”
The purpose of the Auditors report was to check the conformance of the Company financial report;
• as per the Corporation Act 2001
• complying with Australian Accounting standards and the Corporations Regulations 2001
• Complying with International Financial Reporting Standards as described in note 2
• provide an independent, true and fair opinion on the company’s and the consolidated entity’s financial report
The Auditor’s report contains a declaration by the auditor, auditing by the Australian Auditing standard and Financial Report’s adherence to the Corporation Act in relation to the audit. It also mentioned the company Directors as well as the Auditor’s responsibility for the financial report in addition to, providing a fair opinion about the Remuneration report as per the section 300A of the Corporations Act 2001.
Financing the Assets
During the period, the company has financed its assets mainly from the followings;
• Cash and equivalent available from year 2008
• Receipts from customers
• Proceed from Interest and bill discounts received
• Proceed from sales of plant and equipment
• Proceed from issue of equity securities
In the beginning of 2009 financial year, the company has a balance of $123,055,000, where the total increase in assets for the year 2009 from year 2008 was only $125,816,000. Hence company has not borrowed
The analysis was made on the annual report for the year ended 30 June 2009, of the company “JB Hi-Fi Limited” which is one of the largest retailer chain groups for home consumer products such as consumer electronics, electrical goods, software including music, games and movies. The company is operating with 123 stores (106 Branded JB Hi-Fi) spread across Australia and New Zealand, who’s head office is in Chadstone VIC 3148, Australia.
The Auditors
The company’s financial report ending 30 June 2009 was audited by Mr. DELOITTE TOUCHE TOHMATSU and Mr. TOM EMBASSI, of the Charted Accountants firm “DELOITTE”
The purpose of the Auditors report was to check the conformance of the Company financial report;
• as per the Corporation Act 2001
• complying with Australian Accounting standards and the Corporations Regulations 2001
• Complying with International Financial Reporting Standards as described in note 2
• provide an independent, true and fair opinion on the company’s and the consolidated entity’s financial report
The Auditor’s report contains a declaration by the auditor, auditing by the Australian Auditing standard and Financial Report’s adherence to the Corporation Act in relation to the audit. It also mentioned the company Directors as well as the Auditor’s responsibility for the financial report in addition to, providing a fair opinion about the Remuneration report as per the section 300A of the Corporations Act 2001.
Financing the Assets
During the period, the company has financed its assets mainly from the followings;
• Cash and equivalent available from year 2008
• Receipts from customers
• Proceed from Interest and bill discounts received
• Proceed from sales of plant and equipment
• Proceed from issue of equity securities
In the beginning of 2009 financial year, the company has a balance of $123,055,000, where the total increase in assets for the year 2009 from year 2008 was only $125,816,000. Hence company has not borrowed