Executive summary- The purpose of this report is to compare the financial report of the two ASX listed companies they are Harvey Norman and JB Hi-Fi. It provides an analysis and evaluation of the current and previous profitability‚ liquidity and financial stability of both companies. Methods of analysis include financial ratio analysis for example profitability and performance ratio‚ liquidity ratio‚ financial and stability ratio by reviewing the financial report of two companies. It also review
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Company Overview JB Hi-fi was established by John Barbuto (JB) in 1974 and opened its first shop in Melbourne. In 1983‚ it was sold to Bouris and Rodd who expanded the company and‚ later on‚ sold the majority of their holding to a private equity‚ Next Capital Pty Limited. The company’s share was floated in Australian Stock Exchange in 2003 at IPO price of $1.55. JB Hi-Fi‚ has diversified its business from predominantly selling music CDs‚ and is now a major retailer for televisions‚ audio/visual
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The main sources of revenue of the Harvey Norman Holdings company Pty ltd. (HVN) is sales revenue from the sales of goods‚ where other major revenue are from franchise‚ rent from the third party‚ interest received which is in increasing trend during 2010 to 2011 to 2012.Revenues come from the sale of products and services. The main expenses are marketing expenses‚ Administrative expenses‚ occupancy expenses‚ distribution expenses‚ ordinary activities expenses and interest expenses. All the expenses
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the period a statement of cash flows for the period notes‚ comprising a summary of significant accounting policies and other explanatory information. The JB Hi-Fi Limited financial report has been prepared in accordance with Accounting Standard. In the report there is a summary statistical analysis presented. This analysis presents the JB Hi-Fi Limited profit or loss‚ increasing or decreasing. This report is based on the consolidated financial statements which have been reviewed by Deloitte.
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..........................................................8 Technological..................................................................................8 SWOT ANALYSIS………………………………………………………................10 OBJECTIVES OF HARVEY NORMAN………................................................11 SEGMENTATION………………………………………………………….............12 Geographical...................................................................................12 Demographical
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Harvey Norman Holdings Limited Group case study [pic] Tutor: Dr. Mahesh Joshi Group members: JIN CHEN 3350416 MINGFENG CHI 3316768 JINGHAN REN 3365087 TABLE OF CONTENTS Executive summary 3 Introduction 4 Source of Finance and financial segments 4 Industry and competitor analysis 5 Key highlights of financial and operational
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Companies: JB Hi-Fi Limited: The business was established in 1974 by Mr. John Barbuto (JB)‚ trading from a single store in East Keilor‚ Victoria. He had one simple philosophy: to deliver a specialist range of Hi-Fi and recorded music at Australia ’s lowest prices. The business was sold in 1983 and by 1999 another nine stores were opened. In July 2000 JB Hi-Fi was purchased by private equity bankers and senior management with the aim of taking the successful model nationally. In October 2003‚ JB Hi-Fi
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Gloria Jeans or a local cafe •Fashion – Quicksilver or Roxy or Lonsdale •Transport – Linfox or a local courier company •Or a business of your own. ie location‚ size‚ staff‚ products‚ hours and years of operation Harvey Norman Originally founded in 1982 by Gerry and Ian Harvey. over the past 32 years the size of their business has dramatically increased. with around 230+ stores Australia wide‚ including all capital cites‚ the surrounding suburbs and even in some remote/ rural communities. over
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Property Plant and Equipment Carrying amount of the Property‚ Plant and Equipment at reporting date of JB-HiFi According to AASB 116 Property‚ plant and equipment held beyond the normal operating cycle of entity are deemed to be non-current assets. Here’s the extract from the report. [pic] Descriptions: Carrying Amount of PPE is $163‚982‚ 000‚ which is made up of the figure of plant &equipment which is $106‚560‚000 add to the Leasehold improvements which is $57‚422‚000 come out as the total
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Business Analysis of Harvey Norman Industry analysis While Harvey Norman trading as a multi-sector business selling computer‚ electrical‚ furniture and bedding goods‚ the retail industry in which HVN operates involves larger range of goods and services (all customer consumables). The largest product segment is clothing‚ footwear and accessories. However‚ driven by growth in product technology and functionality‚ electrical goods have overtaken goods from department stores over the past five years
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